The Minister of State for Science, Technology and Innovation, Barr. Mohammed Abdullahi, has said the Executive Order 5 will help the development of indigenous financial technology services (FINTECH), which will help reduce capital/intellectual flight and improve Nigeria’s socio-economic fortunes.
He expressed this conviction when he received the chairman of the committee of e-Business Industry Heads, Mr. Adeyemi Atanda in his office today (September 21) in Abuja.
The committee is an advocacy group that contributes to the growth, stability and sustainability of the payment systems of Nigeria.
Saying the ministry will support the development of financial systems in a transparent and inclusive manner, Abdullahi added an elaborate and elastic policy framework would be developed to accommodate FINTECH development in the country.
Earlier, the chairman of the committee, Mr. Adeyemi Atanda, said the committee was seeking to work closely, share thoughts and look for ways to develop an inclusive roadmap on FINTECH development with the ministry.
He further stated the need for capacity building in development of STEM (Science, Technology, Engineering and Mathematics) by infusing aspects that would help youths embrace FINTECH.