The minister of state for Science, Technology and Innovation, Barrister Mohammed Abdullahi on Tuesday said adopting Executive Order 5 in Financial Technology (FINTECH) sector will not only help the development of Nigeria’s indigenous financial landscape but its penetration.
He added this will help reduce capital/intellectual flight and improve Nigeria’s socio-economic fortunes.
The Minister made the disclosure when he received the Chairman of the Committee of e-Business Industry Heads, Mr. Adeyemi Atanda in his office in Abuja.
The committee is an advocacy group that contributing and adding value to the growth, stability and sustainability of the payment systems of Nigeria.
Abdullahi, said the ministry will support the development of financial systems in a transparent and inclusive manner.
He added that an elaborate and elastic policy framework would be developed to accommodate FINTECH development in Nigeria.
In his remark, Atanda said the committee seeks to work closely, share thoughts and look for ways to develop an inclusive roadmap on FINTECH development with the ministry.
He further stated that capacity building in the development of Science, Technology, Engineering and Mathematics (STEM) by infusing aspects that will help youths embrace FINTECH.
Maryam Zakari, wrote and signed the statement on behalf of the Head of the Communications department of FMSTI.
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