At the Money20/20 Middle East Fintech Summit in Riyadh, the Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, joined a high-level panel where he outlined how fintech innovation can unlock Africa’s $3 trillion economy.
The session brought together global industry leaders to examine how technology is breaking borders, enabling cross-border liquidity, and scaling solutions for small businesses, remittances, and institutional capital flows. Speaking on Nigeria’s progress, Inuwa pointed to deliberate government policies and programmes such as the cashless policy, the Nigeria Startup Act, and NITDA’s talent development and innovation initiatives. These measures, he noted, have positioned Nigeria as a continental leader in fintech, producing five of Africa’s eight unicorns and serving as a model for ecosystem development.
He stressed that NITDA remains committed to fostering an enabling environment for startups, harmonising regulations across the region, and strengthening public–private partnerships. According to him, Nigeria’s priority is to work closely with African partners to deepen cross-border payment systems and drive inclusive and sustainable economic growth.
The remarks underscore Nigeria’s growing influence in shaping the continent’s digital economy. By showcasing its achievements on the global stage, the country is reinforcing its reputation as a hub for innovation, investment, and fintech leadership.
Inuwa’s engagement at the Riyadh summit signals Nigeria’s determination to position itself not only as Africa’s fintech powerhouse but also as a key player in global conversations on the future of finance and digital inclusion.
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