The Federal Government has initiated strategic talks with pan-African digital payments giant Interswitch to accelerate Nigeria’s economic transformation through technology-driven solutions.
Finance Minister Wale Edun disclosed the high-level discussions following a closed-door meeting with Interswitch Group Chairman Sir Ken Olisa at the Finance Ministry on Wednesday. Key outcomes include:
- Digital Infrastructure Commitment: Interswitch pledged technical support for Nigeria’s fintech expansion and digital inclusion initiatives
- Reform Validation: Edun highlighted improving macroeconomic indicators from recent policies (exchange rate unification, subsidy removal)
- Investor Confidence: Nigeria’s successful $1.5bn domestic dollar bond issuance and IMF engagement cited as reform milestones
The talks come as the Tinubu administration pushes its “Rebuild Nigeria” agenda, with technology identified as a critical enabler for:
• Financial inclusion (currently 64% adult penetration)
• SME growth through digital payment solutions
• CBN’s cashless policy expansion
Interswitch is considering new investments in Nigeria’s digital ID infrastructure to complement the government’s reforms.
