The Central Bank of Nigeria has unveiled a new strategic framework to guide the country’s payments ecosystem, launching the Nigeria Payments System Vision 2028 in Lagos. The initiative aims to create a secure, innovative, and globally competitive digital financial system.
Officials said the plan builds on past reforms, including PSV 2020 and PSV 2025, with a focus on financial inclusion, infrastructure interoperability, and innovation. Five specialist working groups have been formed to address areas such as cybersecurity, digital identity, cross-border payments, and consumer protection, alongside a proposed communications group.
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Participants welcomed the collaborative approach, which brings together regulators, banks, fintechs, and consumer groups. The PSV 2028 blueprint, set to succeed the outgoing PSV 2025, is expected to strengthen Nigeria’s position in Africa’s payments landscape while aligning the country with international best practice.
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