The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, on Monday said an efficient payment system remains one of the fastest ways to lift millions of Nigerians out of poverty, as the apex bank unveiled the Nigeria Payments System Vision 2028.
Speaking at the launch of the vision document in Abuja, Cardoso said the country’s payment infrastructure must go beyond facilitating transactions and become a catalyst for economic growth, job creation, financial inclusion, and poverty reduction.
According to him, “One of the fastest ways to take a large number of people out of poverty is through an efficient payments system. It’s through an efficient payment system. So let us not look at it lightly.”
The event brought together regulators, banks, fintech operators, development partners, and other stakeholders in the financial services sector.
Cardoso said the Payments System Vision 2028 builds on Nigeria’s progress in digital payments and provides a roadmap for developing a payment ecosystem that is secure, resilient, inclusive, and globally competitive.
