Lagos, Nigeria – Central Bank of Nigeria (CBN) don show dem say dem don launch the Nigeria Payments System Vision 2028 (PSV 2028), wey go reshape how we dey handle money matter for dis country. Dis powerful initiative enter stage on September 9, 2025, for di inaugural meeting of di PSV 2028 Project Committee.
Musa Itopa Jimoh, di boss of di Payments System Policy Department, no gree play with am as he talk say dis programme na serious national assignment wey fit change how individuals, businesses, and government dey interact inside our financial system (who no like better thing?). He show say PSV 2028 go build on di reforms wey don dey happen since 2006, and di success wey dem see from PSV 2020 and PSV 2025 strategies.
According to Jimoh, dis new framework go deep financial inclusion, improve interoperability, and also ignite innovation for di financial services market. Na dia talk say di rate wey technology dey change fast fast, wey no go fit use old methods again. He believe say PSV 2028 go give Nigeria di chance to create one framework wey go dey secure, efficient, and dey ready for global market.
Not only dat, dem plan di framework with input from everybody wey dey involved: regulators, banks, fintechs, and consumer advocacy groups go play their part. Jimoh stress say dis partnership go make sure say di strategy fit tackle real life wahala, get acceptance from di industry, and encourage fresh ideas by working together.
To make sure everything dey on track, CBN don set up five working groups wey go focus on different areas like infrastructure, digital inclusion, innovation, and di regulation wey dey guide di fintech space. E even get one group wey go handle communication and engagement (of course communication na key for success!).
Participants for di Lagos meeting no hold back as dem hail di CBN approach and di wide scope of di PSV 2028 agenda. Dem believe say dis move fit fast-track digital innovation, open up access to financial services, and boost economic resilience sharp-sharp.
As dem dey talk, Ajao Niyi, wey be former CEO of Nigeria Inter-Bank Settlement System, come show support for di CBN move wen he praise dem as dey don set a new standard for how to engage stakeholders. He urge everybody to support di initiative for collective action to work without wahala.
PSV 2028 go replace di old PSV 2025 wey dey expire for di end of dis year, and dis new strategy go guide di payments ecosystem for di next three years, aligning our financial system with global standards. According to di plan, dis one go strong di foundation for sustainable growth and improve Nigeria’s competitiveness globally.
Market analysts dey say di inclusion of cross-border payments and CBDC integration dey show Nigeria dey seriously want expand im role inside Africa’s trade and worldwide economy. E no bad to dream big, right? Of course, we still get serious issues like financial inclusion wey affect over one-third of Nigerian adults still dey outside di formal banking system.
But according to di central bank, dem go focus on creating a payments ecosystem wey dey connected, inclusive, and innovative for everybody. Na dis way wey dem fit close di gaps (and wey go make our people fit enjoy better financial services). As dem dey go forward, make we keep our fingers crossed for better days ahead!
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