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eBusiness Life Magazine > Blog > NewsBytes > Fintech Stakeholders Seek Inclusive Policies, Strategic Partnership At WATISE 2025 
NewsBytes

Fintech Stakeholders Seek Inclusive Policies, Strategic Partnership At WATISE 2025 

ELadmin1
Last updated: 2025/09/09 at 4:03 AM
By ELadmin1
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The 2025 edition of the West Africa Telecommunications Infrastructure Summit & Exhibition (WATISE) ended in Lagos with a strong call for governments, regulators, and industry players to deepen collaboration, protect telecom infrastructure, and prioritise inclusive digital access across the region. 

The event brought together critical stakeholders from the telecommunications, technology, and financial services sectors under the theme “Digitalising West African Economy: Navigating Challenges and Opportunities for Critical Stakeholders.” 

In his address, Engr. Gbenga Adebayo, Chairman of the Association of Licensed Telecommunications Operators of Nigeria (ALTON), said the telecom sector in West Africa is witnessing renewed growth, with investments at their highest since before the COVID-19 pandemic.  

He noted that telecoms remain the backbone of the digital economy, enabling banking, fintech, telemedicine, education, commerce, and emergency services across the region. 

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Adebayo, however, warned against vandalism, multiple taxation, and Right of Way restrictions that continue to stifle expansion. He commended the Federal Government’s ongoing tax reforms, set to reduce over 56 levies by January 2026, and urged states across West Africa to create enabling conditions for faster digital rollout. 

In his goodwill message, the President of the Association of Telecommunications Companies of Nigeria (ATCON), Mr. Tony Emoekpere noted that the next ten years will define West Africa’s place in the global digital economy stressing: ‘If we build the infrastructure, harmonize policies, and encourage collaboration, we will unlock unprecedented economic growth, create millions of jobs, and give our young population the tools to compete globally. 

He noted that investors must recognize that while risks exist, the upside of digital West Africa is unmatched, saying that this is a frontier market with the potential of doubling its digital economy contribution to GDP within a decade. 

Head Commercial Business, Business Development, AfriGo Payment Financial Services Limited, Dr. Nnenna Achife, speaking on one of the lead presentations, Leveraging Connectivity And Technology To Transform Card Payment System In Africa, revealed how AfriGO is powering card payments through technology and inclusion. 

She added that AfriGo has been supportive of Instant merchant credit and same-day settlement ensure steady cash flow for business operations including promoting cashless economy by encouraging the adoption of affordable electronic payments options, which are (cards). 

And in his keynote speech, Managing Director of Trade Lenda, a digital bank which has its core service geared towards SMEs, Mr. Adewunmi Adesina, said that there are opportunities for Stakeholders to unlock the full potential of digitalization. “We must act collectively but that Governments must invest in infrastructure and harmonise digital policies across ECOWAS. 

He called for private sector collaboration to build scalable platforms that serve the underserved adding that development Partners must support capacity-building and digital inclusion programs. 

Adesina said entrepreneurs must continue to innovate boldly, solving local problems with global ambition saying that at “Trade Lenda, we are proud to be part of this movement providing micro and small businesses with access to credit through digital channels, enabling them to grow sustainably.” 

Vice President of FintechNGR and MD/CEO of CreditRegistry, Jameelah Sharrieff-Ayedun, cautioned against the risk of “digital apartheid,” where millions of Africans remain excluded as “digital ghosts” from the formal economy.  

She stressed the need for inclusive access to data and credit through innovative use of alternative data sources such as mobile usage and e-commerce, warning that failure to act could turn Africa’s youthful population into a lost economic opportunity. 

A fireside chat led by the Chief Executive Officer of WTES Project Limited, Mr. Chidi Ajuzie and panel session led by a robotic engineer, Mrs. Racheal Anorue highlighted the pressing challenges of rising USSD costs, poor connectivity, and risks faced by mobile agents. Panelists agreed that stronger collaboration, public sensitisation, and technology-driven infrastructure security are key to driving financial inclusion and lowering transaction costs. 

At the close of the summit, participants called for: 

  • Protection of telecom infrastructure against vandalism. 
  • Harmonised and enabling policies across ECOWAS states. 
  • Urgent steps to reduce the cost of USSD and digital transactions. 
  • Greater investment in workforce training and digital security. 
  • Regional collaboration to unlock West Africa’s trillion-dollar digital economy potential. 

The summit concluded with optimism that with sustained investments, regulatory reforms, and inclusive strategies, West Africa’s telecom and fintech sectors are well-positioned to drive economic transformation across the sub-region. 

ELadmin1 September 9, 2025 September 9, 2025
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