According to the CBN, the report offers a detailed assessment of Nigeria’s fast-growing digital finance ecosystem and outlines strategic priorities for its next phase of development. The CBN noted that the current growth trajectory aligns with the Payments System Vision 2025, which targets near-universal electronic payment penetration by 2030, underscoring fintech’s central role in Nigeria’s digital economy strategy. Drawing on surveys and extensive stakeholder engagement, the report examined the scale and maturity of Nigeria’s fintech ecosystem, underscoring interoperability, proportional regulation and effective execution as critical enablers of sustainable growth. While this performance reflects resilience amid global macroeconomic headwinds, the report warned that Nigeria’s fintech sector remains heavily dependent on foreign capital, exposing it to global interest rate cycles. Looking ahead, the CBN outlined three strategic anchors for the sector: enabling innovation-friendly regulation, advancing financial inclusion through digital finance, and deepening regional integration through regulatory harmonisation.

Source: Nigerian Tribune February 03, 2026 08:44 UTC