Executive order 5, catalyst to fintech development – Abdulahi

Executive order 5, catalyst to fintech development – Abdulahi

By Charles Okonji

The executive order 5 has been identified a vehicle that will catalyze the development of indigenous financial technology services (FINTECH), which will help reduce capital/intellectual flight and improve Nigeria’s socio-economic fortunes.

This was stated by the Minister of state for Science, Technology and Innovation, Barrister Mohammed Abdullahi stated this while receiving the chairman of committee on e-Business Industry Heads, Mr. Adeyemi Atanda in his office on Tuesday in Abuja.

The committee is an advocacy group that contributes to the growth, stability and sustainability of the payment systems of Nigeria.

Barrister Abdullahi, stated that the Ministry will support the development of financial systems in a transparent and inclusive manner.

He stressed that an elaborate and elastic policy framework would be developed to accommodate FINTECH development in Nigeria.

Earlier, Mr. Adeyemi Atanda stated that the committee seeks to work closely, share thoughts and look for ways to develop an inclusive roadmap on FINTECH development with the Ministry.

He pointed out that capacity building in development of STEM (Science, Technology, Engineering and Mathematics) by infusing aspects that will help youths embrace FINTECH.