Nigeria: MoniePoint Calls for Collaboration to Enhance Financial Inclusion

MoniePoint Inc, a digital financial institution, has emphasized the need for public-private collaboration to enhance financial inclusion in Nigeria.

In a statement released, MoniePoint revealed that this was discussed at a recent policy dialogue between the Nigerian government and private sector stakeholders in Washington DC.

During the event, Tosin Eniolorunda, MoniePoint Inc’s Group CEO and co-founder, highlighted the crucial role of public-private partnerships in overcoming trust issues that hinder the adoption of innovative fintech solutions for economic and financial inclusion.

“Moniepoint has long championed the importance of financial inclusion and financial happiness. Building trust with the public and government, and improving business and consumer access to the financial system are critical issues that are aligned with our philosophy. As a testament to our commitment, we recently launched a landmark report investigating Nigeria’s informal economy, highlighting opportunities to widen financial inclusion to historically underserved communities.

“The outputs from this strategic gathering will go a long way in bolstering Nigeria’s economy even as closer linkages are formed from public-private collaboration which will be a huge boost to the overall development and competitiveness of the larger financial services industry,“ Eniolorunda said.

The event, which brought together government officials, regulators, law enforcement agencies, and fintech industry leaders at George Washington University, aimed to leverage innovative approaches to drive a sustainable and inclusive financial system in Nigeria.