How Fintech Can Deepen Non-Interest Finance in Nigeria
According to a report by BFA Global's Catalyst Fund and Briter Bridges, African fintech investments reached $1.35 billion in 2020. Nigeria remains one of the leading hubs for fintech investments, as analysts believe that technology provides immense opportunities for Africa to leapfrog in development as a region.
Islamic Fintech, through ethical, innovative products and services, can deepen financial inclusion and reach a more expansive space of unbanked Nigerians. A recent fintech 2020 report showed that 40 million Nigerians are yet to gain access to financial services.
With innovative products and services, technology can improve non-interest SME financing for Shariah-compliant entrepreneurs in Nigeria.
This edition of the Islamic Finance Weekly anchored by Bukola Akinyele-Yisau features the Founder/CEO, eTijar Mr. Bashir Yusuf, as he speaks on "Leveraging Fintech to Deepen Nigeria's Non-Interest Market".