(DDM) – The Managing Director of FairMoney Microfinance Bank Nigeria, Henry Obiekea, has called for a nationwide push towards fair and inclusive digital finance.
Diaspora Digital Media (DDM) gathered that Obiekea made the statement during a recent financial sector forum attended by industry leaders, regulators, and government officials.
He emphasized that digital financial inclusion is a key driver for Nigeria to achieve the $1 trillion economic agenda outlined by the current administration.
Obiekea explained that the adoption of technology-driven banking services can accelerate economic growth by increasing access to credit, promoting entrepreneurship, and supporting small and medium-sized enterprises (SMEs).
He noted that despite Nigeria’s large population, a significant portion of citizens remain unbanked or underbanked, limiting their participation in the formal economy.
“Digital financial services must reach every Nigerian, regardless of location or income level,” Obiekea stated.
He highlighted that mobile banking, fintech platforms, and other innovative financial solutions can help bridge gaps in economic participation and drive productivity across sectors.
The FairMoney MD urged policymakers to implement supportive regulations that enable fintech growth while protecting consumers and ensuring system security.
According to him, collaboration between traditional banks, fintech companies, and government agencies is essential to create a resilient, inclusive digital economy.
Obiekea also stressed that financial literacy programs are crucial to empower Nigerians to take full advantage of digital financial tools.
He pointed out that digital access not only improves personal financial management but also boosts government revenue through broader tax compliance and formal sector engagement.
DDM reports that Obiekea’s call aligns with the administration’s economic diversification strategy, which prioritizes technology, innovation, and financial inclusion as pillars for sustainable growth.
Industry observers note that expanding digital finance can help Nigeria unlock new markets, attract foreign investment, and enhance the efficiency of domestic trade and payments systems.
Obiekea concluded by urging stakeholders to act swiftly, warning that failure to embrace digital financial inclusion could slow the nation’s progress toward achieving the $1 trillion economy target.
He expressed optimism that with coordinated effort, Nigeria can harness technology to transform its financial landscape and create opportunities for millions of citizens.
