CBN Drives Inclusive, Secure Financial Ecosystem With Payments System Vision 2028

The Central Bank of Nigeria (CBN) has kicked disconnected the improvement of a caller strategical model for the country’s payments ecosystem with the motorboat of the Nigeria Payments System Vision 2028 (PSV 2028), mounting the signifier for a much inclusive, innovative, and globally competitory integer fiscal system.

At the inaugural gathering of the PSV 2028 Project Committee held successful Lagos connected Tuesday, September 9, 2025, the Director of the Payments System Policy Department (PSPD), Musa Itopa Jimoh, described the inaugural arsenic a “national assignment” with the imaginable to alteration however individuals, businesses, and governments interact wrong the fiscal ecosystem, according to a connection issued by the apex slope yesterday.

Reflecting connected the travel from the aboriginal reforms of 2006 done the milestones of PSV 2020 and PSV 2025, Jimoh highlighted that the caller imaginativeness volition physique connected past achievements to deepen fiscal inclusion, amended infrastructure interoperability, and beforehand innovation crossed Nigeria’s fiscal services sector.Jimoh observed that portion Nigeria’s outgo strategy has made important advancement implicit the past 2 decades, the velocity of technological advancement and innovation continues to grow. PSV 2028, helium explained, presents the state with a unsocial accidental to make a future-ready model that is secure, efficient, and globally competitive.

He further explained that the model would beryllium developed done an inclusive, stakeholder-led process that unites regulators, banks, fintechs, outgo work providers, user advocacy groups, and different cardinal players. He highlighted that this collaborative attack volition guarantee the strategy reflects real-world needs, fosters argumentation acceptance, and promotes innovation done shared responsibility.

To facilitate its implementation, 5 thematic moving groups were established, concentrating connected Infrastructure and interoperability, Digital Financial Inclusion, Consumer Protection, and fiscal Literacy, innovation, Digital Identity, and emerging Technologies, Cross-Border Payments and CBDC Integration, and Regulation, Risk Management, and cybersecurity. A sixth radical connected Strategic Communications and Stakeholder Engagement was besides proposed.

Participants astatine the lawsuit welcomed the initiative, praising the CBN’s inclusive attack and highlighting the pivotal relation of PSV 2028 successful promoting integer innovation, fiscal inclusion, and economical resilience. By sharing expertise and resources, they committed to creating a forward-looking papers that would fortify Nigeria’s presumption successful Africa’s payments scenery portion making advancement globally.

Also speaking astatine the event, Ajao Niyi, erstwhile main enforcement of the Nigeria Inter-Bank Settlement System (NIBSS), praised the CBN for establishing a caller modular for stakeholder engagement and urged each parties to unite successful enactment of the initiative.

The PSV 2028, which succeeds the soon-to-expire PSV 2025, is expected to service arsenic the guiding blueprint for Nigeria’s integer payments ecosystem implicit the adjacent 3 years. It volition align the country’s fiscal strategy with planetary champion practices and guarantee sustainable growth.

It marks a bold measurement guardant successful Nigeria’s integer fiscal transformation, mounting the signifier for a much connected, innovative, and inclusive economy.