To sustain the momentum around electronic payment systems in Nigeria post-COVID-19, good policies that drive value for customers must be implemented by the Central Bank of Nigeria. Nigeria ePayment CBN COVID19
must be implemented by the Central Bank of Nigeria , commercial banks, and financial technology companies.
Elegbe explained the need for the payment industry and regulators to build on the momentum gained via electronic payment, noting that the fear of contracting the coronavirus is the primary reason consumers are adopting electronic payment. Elegbe at the conference, which had in attendance the Governors of Lagos and Oyo states, Babajide Sanwo-Olu, and Seyi Makinde; Chief Justice of Nigeria, Ibrahim Tanko Muhammad; President of the Nigeria Bar Association, Paul Usoro; and William “MO” Cowan, a former United States Senator, also spoke on the impact of the virus on businesses.
Hosted by the Association of Telecommunications Companies of Nigeria, the Sectoral Virtual Forum, will address the need of telecom and ICTconsumers in the COVID-19 and post-COVID-19 pandemic in a digital economy era with the principal goal of meeting the new broadband target of 70 per cent. He pointed out that with the emergence of a digital economy in Nigeria, coupled with the COVID-19 pandemic; many economic transactions would be done digitally, going forward.
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