eTranzact CEO Highlights Fintech’s Role in Expanding Inclusive Growth Across Nigeria
Summary:
Niyi Toluwalope, CEO of eTranzact Plc, stressed the importance of fostering inclusive growth in Nigeria’s fintech ecosystem during a recent conference. He pointed out that while fintech has seen substantial investments, over $4 billion, the focus remains largely on e-payments and e-commerce. To drive real growth, fintech must deepen its reach into sectors like agriculture, healthcare, and real estate, which are critical to Nigeria’s economy but often overlooked. Toluwalope also emphasized expanding beyond major fintech hubs like Lagos to reach other regions, including Abuja, Kano, and Kaduna.
He called for solutions that address the needs of underrepresented sectors, encouraging stakeholders to focus not only on short-term returns but also long-term growth that benefits the entire country. By doing so, fintech could truly transform Nigeria’s economic landscape, enabling broad and sustainable development.
Summary:
Niyi Toluwalope, CEO of eTranzact Plc, stressed the importance of fostering inclusive growth in Nigeria’s fintech ecosystem during a recent conference. He pointed out that while fintech has seen substantial investments, over $4 billion, the focus remains largely on e-payments and e-commerce. To drive real growth, fintech must deepen its reach into sectors like agriculture, healthcare, and real estate, which are critical to Nigeria’s economy but often overlooked. Toluwalope also emphasized expanding beyond major fintech hubs like Lagos to reach other regions, including Abuja, Kano, and Kaduna.
He called for solutions that address the needs of underrepresented sectors, encouraging stakeholders to focus not only on short-term returns but also long-term growth that benefits the entire country. By doing so, fintech could truly transform Nigeria’s economic landscape, enabling broad and sustainable development.