Dissecting NCC’s Role In Attaining 95% Financial Inclusion By 2024

Financial inclusion, which is the sustainable provision of affordable financial services that bring the poor into the formal economy, is key to reducing poverty and inequality.

The executive vice chairman/CEO, Nigerian Communications Commission , Dr. Aminu Maida averred that there is no doubt that Fintech is gradually revolutionizing Nigeria‘s financial ecosystem as it poses a great disruption to the conventional financial system. In a couple of months, Ogie revealed that Nigeria is going to see some massive innovation in the payment space, through CBN‘s Payment System Vision 2025, adding that the document addresses issues like Artificial Intelligence , contactless payment and open banking.

Recall that recent industry statistics have shown that active subscriptions across mobile networks in Nigeria rose to 220.7 million in August 2023.

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