Cardoso Targets Nigeria’s Transition from Fintech Adoption Market to Global Fintech Production Hub

• Tasks banks to deploy N4.65tn recapitalisation funds to real sector

Nume Ekeghe

Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has unveiled an ambitious vision to reposition Nigeria from a consumer of financial technology to a global producer of fintech innovation for export.

Cardoso also charged banks to channel the N4.65 trillion raised during the recent recapitalisation exercise into productive sectors of the economy.

Cardoso spoke yesterday at the Future of Banking Summit 2026 organised by CNBC Africa and ABN Group, where he was represented by Director of Statistics Department at CBN, Dr. Okpanachi Moses.