My people, see ehn, Nigeria fintech sector don waka take big step as Central Bank of Nigeria (CBN) drop one better report wey dey shake table for global market.
As dem release the report for February 3, 2026, dem talk say Nigeria fit set standards for digital finance worldwide. The report wey dem call ‘CBN Fintech Report: Shaping the Future of Fintech in Nigeria – Innovation, Inclusion and Integrity’ na serious magnum opus wey dey balance tech advancement with serious regulation.
You know say na Flutterwave and other Nigerian firms dey shine for global stage, and CBN report just dey affirm wetin we don dey see.
This report no be just talk, e get weight. E show say fintech now dey drive over 70 percent of electronic payments for Naija, as our innovations dey stew, especially for real-time payments and mobile wallets.
CBN Governor, Olayemi Cardoso, don bright the issue as he yarn say dem want structured regulation wey go fit blend well with financial inclusivity. Dem no wan see fintech like wahala, but as pillar wey go hold the economy together.
One of the earliest discussions for the report na about real-time payments, wey Nigeria don dey ball since 2011. Na that time, we don dey do instant payments while some big nations still dey dey learn the ropes. By 2024, we don dey process over 11 billion transactions!
But, as dey say no road dey sweet without small bumps, some fintechs dey complain say dem dey face trouble from regulatory wahala and high operational costs. Some dey wait for approvals for up to one year from CBN, and you fit imagine the gist wey go dey for market when dem dey delay. Na serious wahala!
The report no just stop for issues; dem don suggest one coordinated regulatory framework wey go help make innovation dey go smooth. So, e get as dem plan to set up structured sandboxes for experimental purposes. Na for here, fintechs fit test new ideas without wahala.
At the same time, CBN dey eye the international space as dem don come out from the Financial Action Task Force (FATF) grey list. That upgrade don boost investors’ confidence in our economy, and na big win for us!
Looking forward, CBN dey put AI, cross-border payments, and financial inclusion as the main drivers for fintech growth for Nigeria. This report dey align with February 4, wey Flutterwave show face for New York Stock Exchange, and e don catch the eyes of many people. Dem dey wave Nigerian flag high!
But, make we no forget say 26 percent of people still dey outside the formal financial system, especially for rural areas. We need to make sure say we dey use strong digital identity systems to bring everybody on board.
No be lie say we dey make progress, as Nigerian fintech dey shine for the global market. If CBN fit carry everybody talk for one table, Nigeria go fit trend as a model for other countries. The path dey clear, and as we dey push fintech forward, the investment and innovation wey dey flow for Naija go dey triple!
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