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Two Years After, FintechNGR Adopts 3-Year Roadmap, Recounts Milestones

L-R: Deputy Director, Consumer Protection Department, Central Bank of Nigeria (CBN),Ibrahim Hassan;  President, FintechNGR, Dr Segun Aina; CEO, The Nigerian Stock Exchange, Oscar Onyema, and President, Chartered Institute of Stockbrokers, AdedapoAdekoje, during the Annual General Meeting & Social Meet 4.0 of the Fintech Association of Nigeria, FintechNGR hosted by the Nigerian Stock Exchange at the Exchange House, Marina

The Fintech Association of Nigeria (FintechNGR) rose from its 2nd Annual General Meeting (AGM) and Social Meet in Lagos, Nigeria with a decision to adopt and implement that 2019-2021 Roadmap, a working document that will give direction to the association’s activities over the next three years.

Speaking at the event, Director, Technology, Deloitte, West-Africa, a member of the Governing Council of the Association, Wole Oyeniran, while informing participants on the future plans of the association said that in order to consolidate on the Association’s successes, maximize its impacts and value delivery to its diverse members as well as project a future, FintechNGR has mapped out an audacious road map to cover the period 2019 to 2021.

According to him, the Roadmap is expected to usher in significant changes in membership categories, growth and value offerings while creating other more sustainable revenue sources and strengthening internal capacity and governance.

In his words “FintechNGR has strategically positioned itself to serve the ecosystem better as well as meeting the enormous expectations that come with the surging growth of the Association while building on the gains of the past two years.”

While welcoming members to the meeting, President of the Association, Dr. Segun Aina told stakeholders that 2018 was an exciting year for the Fintech industry, which continue to transform many industries especially the financial services industry in terms of breakthroughs in innovation and global investment, especially in the African continent.

According to him, “The expected impact of Fintech in Africa’s development was epitomized by IMF’s statement that Fintech could be the critical stepping stone towards a digital economy for Africa”

Dr. Aina who attributed the success of the Association during the year to the quality, commitment and contributions of members said the Association pursued vigorously its three core objectives of Connect, Advocate and Accelerate, as its impact is felt across the length and breadth of the Nigerian and African Fintech ecosystem at large.

FintechNGR’s Vice President and Executive Director, IT & Operations at Access Bank Plc, Ade Bajomo particularly articulated the focus of the Association on breeding young innovators right from the school as a strong indication of the Association’s belief that the future of the nation rests on its teeming youths and their chances of properly playing active roles in digitalizing the economy.

Founder & CEO, Proshare and member of the Governing Council of the Association, Olufemi Awoyemi informed participants that the Association has started implementation of a number of strategic programmes for the year, which are aimed at stimulating more regulatory engagements, attracting more investments and equipping young Nigerians with the ability to play actively in the digital age.

The Chief Host of the event and CEO, the Nigerian Stock Exchange,also a member of the Association, Oscar Onyema, during his opening remarks at the Social Meet 4.0 said that the Exchange strongly appreciates the roles of Fintechs as he informed the participants that the Exchange has developed a policy aimed at fostering corporate governance, exposed startups to investors and facilitate listing on the Exchange.

Some of the key decisions taken at the meeting were unanimous adoption of the audited financial statements of the Association and approval to implement the outcomes of the 2019-2021 Roadmap as members highly commended the dedication of the distinguished members of the Governing Council of the Association in positioning the Association as a key partner in the Digitalized Africa Agenda and an active player in the economy

The event also featured the induction of 14 new members into the Association and presentation of Membership Certificates.

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