RismadarVoice Reporters
June 2, 2026
Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has unveiled the Nigeria Payments System Vision (PSV) 2028, a strategic roadmap aimed at strengthening the country’s digital payments ecosystem and expanding financial inclusion.
Speaking at the launch, Cardoso said the vision seeks to deepen payments infrastructure, accelerate innovation, strengthen cybersecurity, broaden financial inclusion, and enhance Nigeria’s integration with regional and global payment systems.
“Today, we don’t just unveil a payments strategy; we unveil a vision for how Nigerians will transact, trade, save, invest, and fully participate in a digital economy,” the CBN governor said.
Cardoso described PSV 2028 as a national initiative driven by stakeholders across the financial ecosystem rather than a government project, stressing that the apex bank would continue to provide the leadership and enabling environment necessary for its successful implementation.
According to him, the CBN remains committed to striking a balance between innovation and financial stability, while promoting healthy competition and strengthening regulatory oversight.
He noted that modern payment systems have evolved beyond simple fund transfers and now serve as critical infrastructure for economic growth, financial inclusion, and technological innovation.
The governor explained that the new vision is designed to build a secure, resilient, inclusive, and globally competitive payments ecosystem capable of supporting trade, boosting investor confidence, and complementing broader economic reforms.
A major target of the initiative is increasing financial inclusion to 95 per cent by 2028, enabling millions of Nigerians, including market women, farmers, entrepreneurs, and young people, to participate more actively in the formal financial system.
“The goal is inclusion, not exclusion,” Cardoso stated.
He also projected a future in which increased trust in digital payment platforms would drive wider adoption, reduce dependence on cash transactions, lower fraud rates, and improve consumer confidence in electronic payment channels.
According to the CBN governor, Nigeria already occupies a leading position in Africa’s payments landscape and possesses the talent, scale, and entrepreneurial capacity needed to transform that advantage into long-term economic competitiveness.
Cardoso further expressed optimism that the country’s growing fintech sector would play a central role in achieving the objectives of the vision.
He projected that by 2028, Nigerian innovators and entrepreneurs would build globally competitive fintech companies capable of solving both local and international challenges.
Looking ahead, he said the success of PSV 2028 would not be judged by the quality of the strategy document itself but by its implementation and impact on the lives of Nigerians.
“The success of PSV 2028 will not be measured by the quality of this document. It will be measured by execution; by our ability to expand opportunity, strengthen trust, lower barriers to participation, and build a payments ecosystem that serves every Nigerian,” he said.
The launch of PSV 2028 is expected to guide policy direction and stakeholder collaboration in Nigeria’s payments industry over the next three years as the country seeks to accelerate digital transformation and strengthen its position in the global digital economy.
