Nigeria bets $3.5trn on digital payments to crack AfCFTA
NIGERIA has moved to position itself as the continental leader in African digital trade, launching a high-level government report that frames seamless cross-border payments as the decisive variable in whether MSMEs can access the $3.5 trillion market promised by the African Continental Free Trade Area (AfCFTA). The "Cross-Border Digital Payments and Identity in Nigeria under the AfCFTA" report, unveiled Monday by Deputy Chief of Staff to the President Ibrahim Hassan Hadejia at a high-level event hosted by the Office of the Vice President in Abuja, names two Nigerian fintechs — PalmPay and Moniepoint — as critical drivers of adoption for…
