As the Nigeria Information Technology Reporters Association (NITRA), the industry media body, prepares for its stakeholders’ engagement event, the NITRA Financial Technology (FINTECH) Forum 2023, the Nigerian Communications Commission (NCC), Nigeria’s telecommunications regulator, has thrown its weight behind the event.
Moniepoint MFB, an all-in-one payments, banking, and operations platform, has agreed to assist and partner with the event, which is scheduled to take place on October 26, 2023, at the CitiHeight Hotel in Ikeja.
The NITRA FINTECH FORUM will bring together industry stakeholders in the financial technology sector, and the ICT industry as a whole, both from the public and private sectors, to discuss and find ways of accelerating growth in the Fintech sector as a means of achieving laudable federal government set targets and policies. The theme of the forum is “Harnessing Nigeria’s Fintech Potentials: Challenges and Opportunities.”
The event, which will also debate concerns pertaining to policy papers and regulations, will have Panel Discussion sessions that will focus on topics such as “Building Infrastructure to Grow Fintech in Nigeria: The Collaborative Point” and “Fintech and the Place of Regulatory Engagement.” These topics will be discussed during the event.
It is anticipated that Dr. Bosun Tijani, who served at the time as Nigeria’s Minister of Communications, Innovation, and the Digital Economy, will make the Lead Speech. In addition, the Governor of the Central Bank of Nigeria (CBN) and the Executive Vice Chairman of the Nigerian Communications Commission (NCC) will give keynote presentations.
Chief Executive Officer of the Federal Competition and Consumer Protection Commission (FCCPC); Chief Executive Officers of other government and private ICT companies, the Media, including the full membership of NITRA; and other stakeholders in the industry, including COOs, CIOs, CFOs, CROs, and CCOs, while also joining the panel discussions to chart the way for a viable financial technology sub-sector in Nigeria. ALTON, ATCON, NCS, ISPON, ITAN, CPN, and NiRA are only a few of the Industry Associations that are anticipated to be present at the forum.
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The Chairman of NITRA remarks
The Chairman of NITRA, Chike Onwuegbuchi, speaking at the event, noted: “While looking at the benefits of developing a robust Fintech ecosystem in Nigeria, stakeholders will also discuss the challenges that hamper or may hamper this drive – these will include the roles of infrastructure, funding, policies and collaboration; and seek ways of tackling these challenges effectively.”
He mentioned that the NITRA Fintech Forum will be vigorous with conversations that will advance the industry further thanks to the backing of another important financial technology firm called Moniepoint.
About Moniepoint
The Central Bank of Nigeria (CBN) oversees Moniepoint Microfinance Bank, making it the premier financial institution in Nigeria for serving the nation’s micro, small, and medium-sized enterprises. In 2022, the CBN recognised Moniepoint MFB as the nation’s most comprehensive payment platform and bestowed the honour upon the company.
Over one and a half million companies are receiving assistance from the MFB in the areas of banking, payment processing, access to loans, and company management tools. The MFB was granted its licence in February 2022. Businesses operating on the moniepoint platform currently process close to 8 trillion Naira every single month thanks to these solutions.
Over 33 million individuals use their cards on Moniepoint’s point-of-sale terminals every month, and the company manages the largest distribution network for financial services in Nigeria. These terminals can be found in every local government in Nigeria.
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About NCC
The Nigerian Communications Commission, sometimes known as the NCC, is the independent regulatory body in charge of overseeing Nigeria’s telecommunications sector. On November 24, 1992, the Federal Military Government of Nigeria issued Decree No. 75, which subsequently led to the establishment of the NCC.
In addition to assuring the provision of high-quality and effective telecommunications services across the country, it is the responsibility of the Commission to foster an environment that encourages healthy competition among the industry’s many operators and to foster that environment.
All applicants are required to download the application form from the NCC website (www.ncc.gov.ng) and keep this page open so that the NCC can contact you when the form is ready. If you would want to be up to date with the latest information regarding the NCC Recruitment portal, please leave your email address in the comment box below.