At its 8th Annual General Meeting held on July 8 in Lagos, the Fintech Association of Nigeria (FintechNGR) charted a bold course for Nigeria’s digital economy, reaffirming its role as the leading force behind Africa’s fintech transformation.
The hybrid event brought together over 600 members, including fintech executives, policymakers, and innovation leaders.
Opening the session, Dr. Segun Aina, chairman of the Board of Trustees, emphasized the need for collaborative leadership to drive Nigeria’s digital renaissance.
In his President’s address, Dr. Stanley Jacob outlined achievements under the Association’s PIE agenda, Participation, Innovation, and Expansion.
Key milestones include:
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- A growing membership base exceeding 600.
- The rollout of five dynamic Communities of Practice (CoPs) focused on innovation, policy engagement, cybersecurity, inclusion, and ecosystem advocacy.
- Strategic roles in national policy platforms, including the Open Banking Implementation Committee and NITDA’s Cybersecurity Steering Group.
Looking ahead, Dr. Jacob unveiled the theme for Nigeria Fintech Week 2025:
“The Fintech Ecosystem Symphony: Orchestrating Nigeria’s Digital Future.”
The landmark event, spanning four regional hubs, is targeting over ₦1 billion in revenue and sponsorship, further cementing Nigeria’s role as Africa’s digital finance hub.
Despite slight revenue declines and increased operational costs, FintechNGR’s 2024 financials reflect solid health, with a liquidity ratio of 4.65:1.
Reforms in governance, procurement, and data privacy reinforce the association’s commitment to transparency, resilience, and ethical standards.
“FintechNGR is more than a platform, it is the heartbeat of Nigeria’s digital evolution and a catalyst for Africa’s financial transformation,” said Dr. Jacob.
The AGM concluded with a renewed call for members to lead as innovators, ecosystem builders, and policy advocates, united in shaping an inclusive and future-ready digital economy for Nigeria and beyond.
