The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have pledged to work together to increase financial inclusion in Nigeria. This was mentioned at the 2023 RegTech African Conference, which concluded over the weekend in Lagos.
Participants at the conference charged the federal and state governments, as well as key regulatory bodies, with putting in place the necessary regulations, infrastructure, and atmosphere to attract and retain investors, ensuring that more Nigerians are included in the financial sector.
The Central Bank of Nigeria’s Deputy Director Operations, Folashodun Adebisi Shonubi, stated in his talk that the government is the most essential regulator and that there can be no other financial inclusion without economic inclusion.
