CBN targets 95% financial inclusion, faster money transfers by 2028
Nigeria, June 2 -- The Central Bank of Nigeria has officially launched the Nigeria Payment System Vision (PSV) 2028, a strategy aimed at expanding financial inclusion to 95 per cent of the adult population in Nigeria's digital payments system.
The CBN Governor, Olayemi Cardoso, stated at the launch in Abuja on Monday that the PSV 2028, a roadmap designed to transform financial transactions, will strengthen Nigeria's digital economy over the next three years.
He said the roadmap will help Nigeria attain faster digital payments and money transfers across all its regions by 2028.
Mr Cardoso said the initiative is expected to bring an estimated 50 million additional Nigerians into the formal financial system by 2028.
The CBN governor note...
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