NITRA Holds Multi-sectoral Forum on Fintech

Emma Okonji

The Nigeria Information Technology Reporters’ Association (NITRA) is set to hold its upcoming event, tagged NITRA Financial Technology (FINTECH 2023), slated to hold on October 26, 2023 at CitiHeight Hotel, Ikeja, Lagos.

The event, which will gather industry stakeholders in the financial technology sector and the ICT industry from the public and private sectors, will discuss and find ways of accelerating growth in the Fintech sector as a means of achieving laudable federal government set targets and policies.

The forum with its theme: ‘Harnessing Nigeria’s Fintech Potentials: Challenges And Opportunities’, will also discuss issues around policy documents and regulations.

According to the Chairman of NITRA, Mr. Chike Onwuegbuchi, over the years Financial Technology has gradually become a part of daily lives of Nigerians, but not without its challenges and misconceptions.

He noted that some of the challenges being experienced in the Fintech sector have contributed to the slow pace of acceptability and trust from consumers.

“What are we doing right, and what needs to change? Are our policies and regulatory blueprints right? What is the level of consumer consideration in implementing Fintech policies and guidelines? What is the level of collaboration between governments and the private sector in the quest to grow Fintech in Nigeria?,” he queried.

The event will feature panel discussion sessions that will dwell on “Building Infrastructure To Grow Fintech In Nigeria: The Collaborative Point” and “Fintech And The Place Of Regulatory Engagement”.

The event will x-ray some federal government targets and policies, including the CBN Sandbox Operations Framework; The Payment and Settlement Systems Act, 2007; The Prevention of Money Laundering Act, 2002; The Consumer Protection Act, 2019, and The Foreign Exchange Management Act (FEMA), 1999, among others.