Fintech Leaders Push for Pro-Innovation Legislation

The Africa Fintech Network (AFN) and the Fintech Association of Nigeria (FintechNGR) have engaged key members of the National Assembly to foster enabling legislation for Nigeria’s digital economy and fintech sector.

In discussions with Senator Adetokunbo Abiru, chairman, Senate Committee on Banking, Insurance and other Financial Institutions, the delegation explored initiatives such as the Fintech Passport, which will standardise licensing and enable cross-border fintech operations across Africa.

Senator Abiru pledged to deliver a goodwill message at Nigeria Fintech Week 2025 (NFW25) in Lagos and encouraged showcasing models like the SAIL Innovation Lab to inspire youth participation.

Similarly, Senator Shuaib Salisu, Chairman of the Senate Committee on ICT, reaffirmed the legislature’s readiness to enact forward-looking laws on fintech, cybersecurity, and data protection to fast-track Nigeria’s trillion-dollar digital economy ambitions.

Through these engagements, AFN and FintechNGR emphasised the central role of lawmakers in creating a regulatory and legislative environment that allows innovation to thrive while safeguarding stability and consumer trust.

FILE PHOTO: L-r: Senator Adetokunbo Abiru, chairman, Senate Committee on Banking, Insurance and other Financial Institutions, and Dr. Segun Aina, chairman, Board of Trustees, FintechNGR and President, AFN.

Both associations reiterated that NFW25 will serve as a platform for further dialogue between innovators, regulators, and policymakers to align on Nigeria’s digital future.

On the AFN and FintechNGR delegation were: Dr. Segun Aina, Chairman, Board of Trustees, FintechNGR and President, AFN; Dr. Stanley Jacob, CEO, Zest Payments Ltd. and President, FintechNGR; Dr. Jameelah Sharrieff-Ayedun, CEO, Credit Registry Ltd. and Vice President, FintechNGR; and Mr. Seun Adesanya, Digital Lead, Polaris Bank / Transformation and Innovation Executive, and Treasurer, FintechNGR.

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