Conference explores role of cash in digital-first economy
The Committee of Heads of Bank Operations (CHBO) in Nigeria is set to host its annual conference on Friday, 23 January 2026, focusing on the evolving role of cash in a rapidly digitising economy. The event will convene top decision-makers from across the country’s banking and payments sector to examine how physical cash can coexist effectively alongside digital channels.
Themed “Re-imagining the Future of Cash in a Digital-First Economy,” the conference will explore the delicate balance between the growing adoption of digital payments and the continued relevance of cash, especially in informal markets and among underserved communities. Organizers say discussions will focus on making cash management more secure, efficient, and sustainable in a technology-driven financial landscape.
Speaking ahead of the event, CHBO Chairman Abraham Aziegbe highlighted the ongoing importance of cash in Nigeria’s economy. “As Nigeria deepens its digital payments infrastructure, cash remains an indispensable part of economic activity. This conference is about confronting operational realities head-on and charting a future where cash is smarter, more efficient, and better integrated with digital systems,” he said.
Tolulope Ogundipe, Chairman of the Conference Planning Committee, added that the agenda is carefully designed to deliver actionable insights. “Our objective is to provide a platform where banks, regulators, switches, and service providers can align on sustainable models for cash management in a digital-first era,” Ogundipe noted, emphasizing the industry’s shared responsibility to rethink cash beyond traditional methods.
CHBO expects the conference to not only influence banking operations but also shape policy discussions and industry thinking nationwide. With digital adoption accelerating across Nigeria, the event aims to foster resilient financial systems that harmonize the benefits of both cash and digital payments for all segments of the economy.
source: punch