The Central Bank of Nigeria (CBN) has launched the Nigeria Payments System Vision 2028 (PSV-2028), describing the country’s payments infrastructure as a strategic pillar for economic growth, financial inclusion, and global competitiveness.
Speaking at the unveiling in Abuja on Monday, CBN Governor Olayemi Cardoso said the new framework is not merely a policy document but a long-term roadmap for how Nigerians will transact, trade, save, invest, and participate in a rapidly digitising economy.
Cardoso noted that Nigeria’s payments system has evolved over the past two decades into one of the most dynamic in the world, driven by instant payments, rising digital adoption, and fintech innovation.
However, he stressed that the country must do more to ensure its progress is properly recognised globally.
“We must tell our story better. If we do not, others will tell it for us, and not always in ways we like,” he said. According to him, PSV-2028 builds on existing reforms to strengthen the resilience, security, and inclusiveness of Nigeria’s financial ecosystem.
He said the vision aligns with the Central Bank’s broader reform agenda introduced in 2023, aimed at stabilising the economy and improving investor confidence.
