Economy & Market

FG Moves to Fix Digital Payment Glitches, Boost E-commerce

The Federal Government has unveiled fresh measures to eliminate bottlenecks hindering seamless digital payments and e-commerce in Nigeria, to expand access to quality financial services for all citizens.

The initiative, coordinated by the Office of the Vice President in partnership with the Ministry of Industry, Trade and Investment, and development partners, seeks to ensure Nigerians can easily transfer money using mobile phones and other digital devices.

Speaking at a stakeholders’ roundtable in Abuja on Tuesday, Deputy Chief of Staff to the President, Ibrahim Hassan Hadejia, reaffirmed President Bola Tinubu’s commitment to advancing financial inclusion.

Hadejia noted that although Nigeria already operates one of the most robust payment and banking systems globally, gaps in identity, interoperability, and last-mile access must be addressed to unlock the full potential of e-commerce.

“The era of exclusion must end. Every eligible Nigerian, regardless of location, must have access to simple, quality financial services,” he said. “Digital payment and identity are the last stumbling blocks to opening up e-commerce in Nigeria.”

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