Remita has warned that inadequate investment in digital infrastructure, cybersecurity and financial inclusion could prevent millions of Nigerians from benefiting from the country’s expanding digital economy. Speaking at the Nigeria Information Technology Reporters Association, NITRA, Innovative and Scientific Conference in Lagos, Remita’s Divisional Head, Financial Industry Partnerships, Lanre Idowu, said Nigeria’s digital transformation currently reflects two realities, with rapid fintech growth existing alongside limited access to connectivity and digital skills.
Idowu said the country’s digital economy, projected to contribute $18.3 billion to the economy this year, has recorded significant progress through electronic payments, fintech innovation and digital public services. However, he noted that the benefits remain unevenly distributed due to challenges including poor broadband access, high internet costs, limited device ownership, low digital literacy and lack of trust in digital services.
According to him, the digital divide should be viewed as an opportunity gap because millions of Nigerians remain excluded from education, healthcare, financial services and economic opportunities. He urged technology companies to develop inclusive solutions that consider local languages, income levels, literacy differences and varying device capabilities.
Idowu also highlighted the role of collaboration among government, regulators, banks, telecom operators, fintech companies and consumers in building Nigeria’s fintech ecosystem. He cautioned that issues such as rising USSD charges and weak dispute resolution mechanisms could slow financial inclusion, stressing that stronger investment in infrastructure, cybersecurity and digital literacy is essential for a more inclusive digital economy.