The National Information Technology Development Agency (NITDA) has spotlighted Nigeria's growing fintech power at the Money20/20 Middle East Fintech Summit in Riyadh.
In a post on its official X handle, the agency revealed that Director General, Kashifu Inuwa, joined global leaders on a high-level panel to discuss how fintech is unlocking Africa's $3 trillion economy.
Inuwa highlighted Nigeria's deliberate policies, including the cashless policy, the Nigeria Startup Act, and NITDA's innovation and talent development programmes. These interventions, he noted, have enabled Nigeria to produce five of Africa's eight unicorns, cementing its role as a fintech powerhouse.
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He stressed that innovation is breaking barriers, enhancing cross-border liquidity, and scaling solutions for MSMEs, remittances, and institutional flows across Africa.
Reaffirming NITDA's commitment, Inuwa said the agency will continue to create an enabling environment for startups, harmonise regional regulations, and drive public–private partnerships.
According to him, Nigeria is determined to deepen cross-border payment systems and push inclusive, sustainable economic growth across the continent.
