FintechNGR Strengthens Collaboration with CBN and Lawmakers to Drive Nigeria’s Fintech Growth
The Fintech Association of Nigeria (FintechNGR) has stepped up efforts to deepen collaboration with key regulators and lawmakers in a bid to accelerate the growth of Nigeria’s fast-expanding financial technology sector. The association announced on Tuesday that it held a series of high-level meetings with the Central Bank of Nigeria (CBN), the National Insurance Commission (NAICOM), and members of the National Assembly to discuss policies that can strengthen the fintech ecosystem.
The delegation was led by Dr. Segun Aina, Chairman of FintechNGR’s Board of Trustees and President of the Africa Fintech Network. Other top executives included Dr. Stanley Jacob, CEO of Zest Payments Ltd and President of FintechNGR; Dr. Jameelah Sharrieff-Ayedun, CEO of Credit Registry Ltd and Vice President of FintechNGR; Mr. Oluwaseun Adesanya, Transformation & Innovation Executive and Treasurer of FintechNGR; and Omotola Olatujayan. The team met with CBN Governor Dr. Olayemi Cardoso, NAICOM Commissioner Mr. Olusegun Ayo Omosehin, and senior lawmakers such as Senator Adetokunbo Abiru, Chairman of the Senate Committee on Banking and Finance, and Senator Shuaib Salisu, Chairman of the Senate Committee on ICT.
During the meetings, Dr. Stanley Jacob stressed the importance of sustained engagement between fintech operators and regulators to deepen financial inclusion, expand access to digital services, and drive economic growth. In response, CBN Governor Dr. Cardoso acknowledged the rapid rise of fintechs in Nigeria, underscoring the need for regulatory frameworks that ensure sustainability, compliance, and inclusivity. Similarly, Dr. Rakiya Opemi Yusuf, CBN’s Director of Payments System Supervision, reiterated the bank’s commitment to promoting innovation while safeguarding financial stability.
The discussions also explored opportunities in insurance technology (insurtech). NAICOM Commissioner Mr. Olusegun Ayo Omosehin noted that fintech innovation can help close gaps in Nigeria’s insurance market by increasing access and coverage through digital solutions. Lawmakers highlighted the need to expand fintech applications beyond payments into areas such as health-tech, edu-tech, and agric-tech, which they believe are critical to diversifying Nigeria’s economy and empowering young entrepreneurs.
FintechNGR stated that these engagements reaffirm its mission to build a sustainable and inclusive fintech ecosystem in Nigeria. By fostering closer partnerships with regulators and policymakers, the association hopes to ensure that fintech innovations continue to generate economic opportunities, boost financial inclusion, and support transformative growth across the country’s digital economy.
source: punch