Enhancing Financial Innovation and Access and Co-creation Hub have emphasised the need for foreign collaborations and regulatory principles to catalyse and accelerate local growth in the financial service sector.
The Board Chairman, EFInA, Segun Akerele, while speaking at a FinTech roundtable session with the Lord Mayor of the City of London, Alderman Bowman, said that as part of its mission to promote financial inclusion in Nigeria, EFInA aimed to improve the existing infrastructure in the financial sector.
This, he said, would enable financial technology firms to play an increasing role in the efficient delivery of financial services to the unbanked in Nigeria, according to a statement.
He said the organisation was already in partnership with the Department for International Development and Bill and Melinda Gates Foundation.
According to him, the difficulties associated with access to financial services have led to a large population of unbanked adults and encouraged fintechs and financial service providers to develop more innovative financial inclusive products.
The Lord Mayor of the City of London, Bowman, highlighted the need to promote bilateral ties between Nigeria and the United Kingdom and establish a business of trust between the two countries.
“This roundtable session will help to work out different modes of collaboration, provide reassurance for Nigeria as an international fintech hub of the future, and also identify the opportunities for growth in our countries. In addition, we intend to build on this opportunity to support and promote innovation in financial and professional services,” he said.
The Managing Partner, CcHub, Tunji Elesho, stated that the goal of the firm was to explore the immense opportunities for growth in Nigeria’s fintech ecosystem by allowing users to improve their lives and take control of their financial situation.
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