CBN unveils Payments System Vision 2028, stakeholders seek lower transaction costs

June 1, 2026

By Emma Ujah, Abuja Bureau Chief

ABUJA — The Central Bank of Nigeria, CBN, has unveiled the Nigeria Payments System Vision (PSV) 2028, a strategic framework aimed at building a more efficient, innovative and financially inclusive payments ecosystem in the country.

Unveiling the vision in Abuja on Monday, CBN Governor, Olayemi Cardoso, said the framework would accelerate the financial sector’s contribution to Nigeria’s Gross Domestic Product, GDP, while promoting financial inclusion and economic growth.

According to him, the vision is anchored on the development of a modern payments system that will support national growth, deepen financial inclusion and enhance Nigeria’s global competitiveness.