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Nigeria’s payment system is ready for the AfCFTA – CBN

Nigeria plans to become the hub for payment in Africa

The Central Bank of Nigeria (CBN) has boasted of having a resilient payment system that is more than ready for the  African Continental Free Trade Agreement.

This was highlighted by the Director, payment system, and management department of the CBN, Mr Musa Jimoh, in an ongoing town hall meeting for the AfCFTA.

According to the Director, Nigeria plans to become the hub for payment in Africa, and it requires a resilient payment infrastructure, which Nigeria already has. He also stated that Nigeria was recently ranked first in terms of payment system amongst its African peers.

Article Originally Published Here.

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