Mohammed Abdullahi, minister for State, Federal Ministry of Science, Technology and Innovation (FMSTI) said that the Executive Order 5 will help the development of indigenous financial technology (FINTECH) services
This, he said will further help reduce capital/intellectual flight and improve Nigeria’s socio-economic fortunes.
The Minister said this when he received Mr. Adeyemi Atanda, chairman of the committee of e-Business Industry Heads, in his office on Tuesday in Abuja.
The committee is an advocacy group that contributes to the growth, stability and sustainability of the payment systems of Nigeria.
Abdullahi, a barrister, said that the Ministry will support the development of financial systems in a transparent and inclusive manner.
He added that an elaborate and elastic policy framework would be developed to accommodate FINTECH development in Nigeria.
Earlier, the chairman of the committee, Atanda said the committee seeks to work closely, share thoughts and look for ways to develop an inclusive roadmap on FINTECH development with the Ministry.
He further stated that capacity building in development of STEM (Science, Technology, Engineering and Mathematics) by infusing aspects that will help youths embrace FINTECH.