The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reiterated the apex bank’s commitment to supporting innovation and growth in the financial technology (fintech) sector, while maintaining strong regulatory oversight to safeguard the integrity of the financial system.
Cardoso gave the assurance during a strategic session with Nigerian fintech chief executives held on the sidelines of the 2025 Annual Meetings of the International Monetary Fund (IMF) and the World Bank in Washington, D.C.
The meeting, themed “Shaping the Future of Fintech in Nigeria: Innovation, Inclusion, and Integrity,” brought together fintech founders, investors, regulators, and policymakers for a closed-door discussion on the future of digital finance and regulation in Nigeria.
Speaking at the session, the CBN governor said the bank is working to create a balanced regulatory environment that promotes innovation while ensuring financial stability and consumer protection.
“At the CBN, we are committed to creating an environment where new ideas can flourish under prudent oversight, and where inclusion is at the heart of our endeavours,” Cardoso said.
He emphasized the need to maintain public confidence in the financial system, noting that technological progress must be matched with strong governance frameworks.
“As we embrace new technology, it is our responsibility to uphold the integrity of the financial system—maintaining strong governance, consumer protection, and risk management so that trust in our institutions remains firm,” he added.
The engagement underscored the CBN’s ongoing efforts to strengthen collaboration with the fintech industry as part of its broader strategy to deepen financial inclusion and enhance the resilience of Nigeria’s digital economy.
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