TechCabal
Afrika2063
June 10, 2026
Imported
In the first half of 2007, Nigerians processed ₦946.22 million ($695,469) in point-of-sale (PoS) transactions. In the first quarter of 2025, that figure grew to ₦10.51 trillion ($7.73 billion). The growth was the product of a series of policy decisions by th
In the first half of 2007, Nigerians processed ₦946.22 million ($695,469) in point-of-sale (PoS) transactions. In the first quarter of 2025, that figure grew to ₦10.51 trillion ($7.73 billion).
The growth was the product of a series of policy decisions by the Central Bank of Nigeria (CBN), which has spent nearly two decades trying to reduce the country's reliance on cash and build a digital payments ecosystem through successive Payment System Vision (PSV) frameworks.
FutureAfrica Intel is still analyzing the broader relevance of this story.
Agenda 2063 Relevance
Auto-inferred · Africa's Long-Term Development Framework
45%
relevance
Relevant Aspirations
Impact Areas
SOURCE
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