By Temitope Adebayo
Following the need to further strengthen the digital infrastructure in Nigeria’s electronic payment (e-payment) systems, experts have stressed the importance of a multidimensional collaboration to enhance the system.
Vice Chairman, Nigeria Communications Commission (NCC), Professor Umar Danbatta said this at the just-concluded 2023 annual conference of Finance Correspondent Association of Nigeria (FICAN) with the theme ‘Strengthening Digital Infrastructure for Efficient Innovative Payment System in Nigeria,’ held weekend in Lagos.
The NCC boss, who was represented by the commission’s Deputy Director, Engr. Anthony Ikemefuna, noted that “strengthening digital infrastructure for efficient and innovative payment systems in Nigeria is a long-term endeavor that requires collaboration, investment, and adaptability. By addressing these strategies comprehensively and proactively, Nigeria can build a robust and inclusive digital payment ecosystem that benefits its citizens and drives economic growth.”
He stressed the need to improve collaborative efforts between NCC and financial regulators such as the Central Bank of Nigeria (CBN), to enable proper coordination of policies and regulations related to digital payments and telecommunications.
According to Danbatta, this will ensure that the regulatory environment is conducive for innovation and growth.
