The Central Bank of Nigeria (CBN) has begun the development of a new strategic framework for the country’s payments ecosystem with the launch of the Nigeria Payments System Vision 2028 (PSV 2028).
This sets the stage for a more inclusive, innovative, and globally competitive digital financial system. At the inaugural meeting of the PSV 2028 Project Committee held in Lagos, September 9, 2025, the Director of the Payments System Policy Department (PSPD), Musa Jimoh, described the initiative as a “national assignment” with the potential to transform how individuals, businesses, and governments interact within the financial ecosystem.
Reflecting on the journey from the early reforms of 2006 through the milestones of PSV 2020 and PSV 2025, Jimoh said that the new vision would build on past achievements to deepen financial inclusion, improve infrastructure interoperability, and promote innovation across Nigeria’s financial services sector.