GNC Third Edition – Growing Nigeria with Fintech: Using Fintech to Create Opportunities, Employment & Wealth

As technology is integrated into financial systems and processes, regulations for such companies that offer financial services have multiplied and have bred bottle necks, particularly as they have tended to have been borrowed from the banking sector, whose modus operandi are different. Because of the diversity of offerings in fintech and the disparate industries it touches, it is difficult to formulate comprehensive approaches to these problems.

Yet fintech offers massive opportunities for leveraging the digital economy to the benefit of the economy as a whole, be it agriculture or education, MSMEs or health services. GNC 3 therefore engaged with active fintech makers and shakers to get an overview of some of the exciting projects on the ground and pick their brains as to how fintech can best create jobs and prosperity in a future Nigeria – from the point of view of policymaking. Because as the world moves further and further into the digital age, governments and stakeholders must do all that they can to sustain the growth of digital infrastructure and increase in broadband penetration, as these are the most important channels of growth for financial technology.