As Nigeria pushes toward its 2030 development targets, financial experts say technology enabled banking will be a decisive factor in achieving inclusive growth and economic resilience. Digital banking platforms, mobile money, and fintech solutions are increasingly bridging the gap between formal financial institutions and millions of unbanked citizens.
According to industry analysts, technology driven banking reduces transaction costs, improves access to credit, and supports small businesses that form the backbone of the economy. From farmers accessing loans through mobile apps to young entrepreneurs running online stores, digital finance is reshaping how Nigerians participate in the economy.
The Central Bank of Nigeria has also intensified efforts to support financial inclusion through agent banking, cashless policies, and digital identity integration. These measures are expected to improve transparency, reduce corruption, and strengthen tax collection, all of which are essential for long term national planning.
Experts argue that without a fully digitised banking ecosystem, Nigeria risks missing its 2030 goals in poverty reduction, job creation, and industrial expansion. They insist that collaboration between government, banks, and fintech firms must be deepened to ensure that innovation translates into measurable national progress.
