The Central Bank of Nigeria (CBN) has released a comprehensive report assessing the state of the nation’s fintech ecosystem, outlining strategies to sustain innovation, strengthen system integrity, and support the next phase of digital financial growth.
The report highlights Nigeria’s leadership in real-time payments and examines the structural factors driving the sector’s rapid expansion. It positions fintech as a complementary force within the financial system, expanding access, improving efficiency, and enhancing financial inclusion, while ensuring stability and resilience.
Drawing on surveys and consultations with key stakeholders, the report proposes practical policy directions aimed at:
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Enhancing regulatory coordination
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Strengthening supervisory capacity
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Supporting responsible innovation, including cross-border scaling
It emphasizes interoperability, proportional regulation, and effective execution as key enablers for sustainable ecosystem growth.
The CBN noted that the report is part of an ongoing series designed to provide clearer guidance for banks, fintech firms, regulators, infrastructure providers, investors, and partners, helping Nigeria consolidate its position in both the regional and global fintech space.
With fintech playing an increasingly central role in the economy, the report signals the CBN’s commitment to fostering a robust, innovative, and inclusive digital financial landscape.
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