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IMF, FINTECH Nigeria Meet on Boosting Financial Inclusion

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Friday, June 29, 2018 6.00PM / Proshare WebTV

 

The International Monetary Fund Mission Team in Nigeria today met with the Fintech Nigeria Assocation, as part of their multi-stakeholder engagement on key developments in the economy. 

Mr Amine Matti the Resident Representative of the IMF in his remarks at the meeting, said the pupose of the parley with Fintech Nigeria was geared towards boosting economic growth through financial inclusion. 

Receiving the IMF team the Chairman of Fintech Nigeria Dr Segun Aina believed the discussion with the IMF mission team, was a welcome development and an opportunity to strenghen the growth  of the Fintech ecosystem in the country. 

The meeting featured presentations on Financial Access, Mobile Money,  Developments in Microfinance & the Financial Inclusion strategy for the nation. 

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It explored ways of improving the regulatory environment, that will serve as an enabler to enhancing  financial inclusion in the country. 

Looking at the key issues around financial inclusion it was stressed that it must go beyond the bankable population, to the extension of financial services across the country. 

The IMF and Fintech Nigeria agreed to work together to promote the growth and development of the fintech industry, which is key to driving financial inclusion amongst other opportunities in the country. 

Already the Fintech Nigeria Association has engaged the Senate, Central Bank of Nigeria, Ministry of Finance, National Insurance Commission and the Securities and Exchange Commission, Nigeria on developing  a strategy, framework and legislation that integrates fintech in the key segments of the financial services industry and national policy. 

In the IMF Mission Team were Mr Amine Matti (Resident Representative for Nigeria), Monique Newiak (Senior Economist, Africa, IMF) Emilija Timmis (Economist, Macroeconomics & Fiscal Management Global  Practice, West & Central Africa), amongst other officials. 

Members of the Fintech Nigeria Governing Council who attended the meeting include Mr Olufemi Awoyemi(CEO, Proshare), Mrs Bunmi Lawson (Director, EFINA), Mr Isa Alade (Partner, Banwo & Ighodalo), Mr Wole Oyeniran (Director, Deloitte Nigeria) and Mr Wale Adewunmi (GMD, Lead Capital) 

Also present at the meeting were Mrs Yemi Keri (CEO, Heckerbella) and  Mr Bayo Adewolu (Partner, PWC) members of the Fintech Nigeria Association. 

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FinTech Nigeria is a self-regulatory, not-for-profit and non-political organisation incorporated in Nigeria by the Corporate Affairs Commission CAC and a member of the global body Global Fintech Hubs Federation. 

The Association was established to serve as a platform for the development of the financial technology (“Fintech”) industry in Nigeria and to be a forum for the exchange of ideas and dissemination of information by and between various stakeholders in the Nigerian financial technology services industry.

 

Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.


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