Africa business

Africa Banking and Finance journal

Building Bridges for Fintech Growth: FintechNGR Engages Key Stakeholders

On Tuesday, September 9, 2025, leaders of Nigeria’s fintech ecosystem held a series of high-level meetings with some of the nation’s most influential stakeholders in finance, legislation, and regulation. The delegation, led by Dr. Segun Aina, Chairman of the Board of Trustees of FintechNGR and President of the Africa Fintech Network, visited the Central Bank of Nigeria (CBN), the National Insurance Commission (NAICOM), and Senator Tokunbo Abiru, a key legislator on financial and technology matters.

The purpose of these visits was simple yet strategic: to strengthen collaboration, advance supportive policies, and ensure that Nigeria’s fintech ecosystem continues to thrive.

At the Central Bank of Nigeria, discussions centered on fintech-related policies and how FintechNGR can support their smooth implementation. The delegation also raised the issue of granting FintechNGR a Self-Regulatory Organization (SRO) status, which would give the industry a stronger role in shaping responsible innovation. They further explored the possibility of a CBN-backed fintech investment intervention to boost funding for startups.

At the National Insurance Commission (NAICOM), the focus shifted to insurtech. The delegation discussed the newly enacted Insurance Act and how fintechs can help drive its adoption. They also revisited the insurtech roadmap that had been started under the previous commissioner, ensuring continuity in pushing digital insurance solutions that can deepen inclusion.

Finally, with Senator Tokunbo Abiru, discussions centered on legislative support for fintech. The team discussed bills currently before the National Assembly, the progress of the Startup Act, and ways to boost domestic investment into Nigeria’s fintech sector.

Across all three meetings, invitations were extended to the Nigeria Fintech Week, slated for October 7–8, 2025, in Lagos and Abuja, and the President’s Dinner in December, further cementing these engagements as part of a long-term partnership.

The delegation included prominent leaders such as Dr. Stanley Jacob (CEO of Zest Payments Ltd and President of FintechNGR), Dr. Mrs. Jameelah Taiwo-Ayedun (CEO of Credit Registry Ltd and Vice President of FintechNGR), Mr. Seun Adesanya (Digital Lead at Polaris Bank and Treasurer of FintechNGR), and Mrs. Omotola Olatujiyan (Fellow, Africa Fintech Network).

These meetings underscore a crucial truth: fintech growth in Nigeria necessitates robust collaboration among innovators, regulators, and lawmakers. By aligning visions, policies, and investments, Nigeria can position itself as a global leader in digital finance while expanding access to millions of underserved citizens.

About The Author

Leave a Reply

Your email address will not be published. Required fields are marked *