Nigeria FinTech Landscape - Impact Assessment
Despite the progress made in the Nigerian FinTech ecosystem, there are still
that stakeholders need to make concerted efforts to address (5/9)
Progress
3 Regulator-
Infrastructure
Current gaps
Device Infrastructure
&
■ As at Q3 2018, there were ~53
million smartphone connections,
representing a penetration of 36%
which is still low
Shared agent infrastructure is still in
infancy
■Not yet been implemented and will
only allow for interoperable
account opening
Opportunities
Improve device penetration :
gaps
Possible collaboration between major
stakeholders e.g. telcos, big tech, FinTech to
bulk order low price point phones to further
drop prices
■ Enable device financing
■
Enabling secondary market i.e. used phones
Reducing taxes and tariffs on phones
SANEF to fast track implementation of shared
agent infrastructure
SOURCE: Expert Interviews, Press Search
170
EFINAView entire presentation