The Central Bank of Nigeria (CBN) has launched the Nigeria Payments System Vision (NPSV) 2028, a comprehensive roadmap designed to accelerate innovation, expand financial inclusion, and strengthen the nation’s digital economy.
The framework was unveiled in Abuja during a gathering of banking executives, fintech operators, regulators, and development partners.
According to the apex bank, the initiative is aimed at positioning Nigeria as one of Africa’s leading payment ecosystems over the next four years.
Under the vision, the CBN outlined key priorities including the delivery of faster and more secure digital payment services, enhanced interoperability across payment platforms, wider access to financial services, and stronger cybersecurity infrastructure.
The apex bank also noted that the roadmap would facilitate more efficient cross-border payments under the African Continental Free Trade Area (AfCFTA), enabling Nigerian businesses to compete more effectively in regional and international markets.
Industry stakeholders have welcomed the initiative, expressing confidence that it will strengthen trust in digital payments, lower transaction costs, and foster greater collaboration across the financial sector.
They added that the Nigeria Payments System Vision 2028 represents a significant step toward building a more inclusive, resilient, and cash-lite economy capable of supporting sustainable economic growth.
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