The Fintech Association of Nigeria has intensified efforts to strengthen collaboration with regulators and lawmakers, aiming to bolster the country’s financial technology ecosystem. The association said in a statement on Tuesday.
The delegation, led by Chairman, Board of Trustees, FintechNGR, and President, Africa Fintech Network, Dr. Segun Aina, included Chief Executive Officer, Zest Payments Ltd, and President, FintechNGR, Dr. Stanley Jacob; Chief Executive Officer, Credit Registry Ltd, and Vice President, FintechNGR, Dr. Jameelah Sharrieff-Ayedun; Transformation & Innovation Executive and Treasurer, FintechNGR, Mr. Oluwaseun Adesanya; and Omotola Olatujayan.
During engagements with key regulators, the delegation met Governor of the Central Bank of Nigeria Dr. Olayemi Cardoso; Director of the Payments System Supervision Department, CBN, Dr. Rakiya Opemi Yusuf; and Commissioner for Insurance of the National Insurance Commission, Mr. Olusegun Ayo Omosehin. Lawmakers engaged included Chairman, Senate Committee on Banking and Finance, Senator Adetokunbo Abiru, and Chairman, Senate Committee on ICT, Senator Shuaib Salisu.
Speaking at the meetings, Chief Executive Officer of Zest Payments Ltd and President of FintechNGR, Dr. Stanley Jacob, said, “Sustained engagement between fintech operators and regulators is crucial to deepening financial inclusion, expanding access to digital financial services, and leveraging technology for economic growth.”
CBN Governor Cardoso, noted, “Fintechs are growing rapidly in Nigeria. It is essential that regulatory frameworks are designed to ensure sustainability, compliance, and inclusivity within the sector.”
Director of the Payments System Supervision Department, CBN, Dr. Rakiya Opemi Yusuf, added, “The Central Bank is committed to policies that promote product innovation while safeguarding the stability of the financial system.”
Addressing collaborations with NAICOM, Commissioner for Insurance, National Insurance Commission, Mr. Olusegun Ayo Omosehin, said, “Fintech innovation offers opportunities to close gaps in the insurance ecosystem. We welcome the partnership to increase coverage and access to insurance through digital solutions.”
Chairman of the Senate Committee on Banking and Finance, Senator Adetokunbo Abiru, observed, “Expanding fintech beyond payments into health-tech, insur-tech, edu-tech, and agric-tech is critical for Nigeria’s economic growth. Initiatives like the SAIL Innovation Lab are key in nurturing young entrepreneurs with digital skills.”
Chairman of the Senate Committee on ICT, Senator Shuaib Salisu, emphasised, “Forward-looking legislation is needed to drive Nigeria’s digital economy. Strong policies in data protection, cybersecurity, and fintech enable growth and competitiveness, and we look forward to continued collaboration with innovators.”
FintechNGR stated that these engagements reinforce its commitment to building a sustainable and inclusive fintech ecosystem. By fostering closer collaboration with regulators and lawmakers, the association aims to ensure that fintech innovations continue to drive economic opportunities, financial inclusion, and transformative growth across Nigeria.
