Former Senate President Bukola Saraki will on Monday, August 9, 2021, host experts to discuss the untapped economic potentialities of Financial Technologies (FinTechs).
This event is the third in the monthly series of interactions under the Grow Nigeria Conversation (GNC).
This month’s event, which focuses on “Growing Nigeria with FinTechs: Bridging the gap between the rich and the poor”, will take place at the Co-Creation Hub, Lagos.
According to organisers of the event, The African Politeia Institute (TAPI) and Adopt A Goal for Development Initiative, “the FinTech ecosystem possesses huge potentialities that could benefit the Nigerian economy if properly managed.
“Interestingly, beyond facilitating core financial transactions and increasing financial inclusion among the underbanked and unbanked, FinTech is fast evolving into agriculture, transportation, healthcare, education, insurance, asset acquisition, and other basic consumer needs.
“While the total value of investments into fintech is on the rise globally, totaling about $165 billion in 2019 (KPMG), in Nigeria, some are already projecting FinTech as the new oil or digital oil, raising about 439m in 2020 (Proshare).
“But, amid rising poverty and unemployment in Nigeria, emphasis must now be on how to use FinTechs to bridge the gap between the rich and the poor in a nation that has sadly remained the global capital of extreme poverty.
“While about 38 million citizens — 36 percent of adult population — remain completely financially excluded, and short of the 2020 CBN’s 80 per cent projection, we must equally address the challenges militating against the Nigerian FinTechs ecosystem: from regulations, access to data, cybersecurity concerns to fundraising, competitive issues and high cost of running operations.”
Those expected to speak at the event include: Oluwatosin Olasiende (founder, Money Africa), Baki Irmak (co-founder and fund manager at Digital Leaders Fund), Nasir Yammama, (founder of Verdant AgriTech).
Others are: Tola Onayemi (Investment Lawyer at Nigeria’s Office of Trade Negotiation), Eke Eleanya Trump (CEO, Risevest) and Julian Flosbach (co-founder and CEO of BFREE).
▪︎About GNC
The GNC is a nonpartisan, solution-driven, real-time dialogue series put together to discuss possible people-centric solutions to the myriad of challenges confronting almost every sector in Nigeria.
The platform is not just another talk-shop; it seeks to bring pragmatic authenticity to the people’s concerns by engaging experts, professionals, and young people in diagnosing the problems, to offer workable and sustainable answers.
Lanre Babalola, PhD
The African Politeia Initiative
Ariyo-Dare Atoye
Adopt A Goal For Development Initiative
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