Achievements

ADFP has in the past one year led key stakeholders’ engagement across the digital financial services ecosystem as a way of contributing to the growth and development of Nigeria’s financial services sector. Some of the core achievements are:

i. A stakeholder engagement with the Nigeria Identity Management Commission (NIMC) on innovative ways of scaling the roll-out of the Nigerian Identity Number (NIN). The engagement which was attended by the Director-General of the commission had a lengthy deliberation which led to a release of a communique on ‘Digital Identity in Nigeria’ aimed at stimulating the commission and other stakeholders in expanding the roll-out of the NIN enrolment. This effort has led to the liberalization of the NIN enrolment which has now expanded the enrolment and issuance of the NIN beyond the walls of the commission. Today, Nigerians can get their NIN at any telco service center, designated bank and mobile money agent locations, and other authorized enrolment centers.

ii. The DFS Practitioners Meet with Ignacio Mas & Industry Leads which brought together key industry leads to discuss the emergence and future of the DFS ecosystem in Nigeria, drawing lessons from similar emerging markets. The meeting which was well-attended had CEOs/MDs of key Nigerian banks and fintechs and other C-Level executives in the DFS ecosystem. One of the key take-away from the meeting was the need to drive economic inclusion as an antecedent of financial inclusion.