Nigeria’s digital funds proceed to rise, however money stays an indispensable a part of financial exercise, significantly for inclusion and operational effectivity throughout numerous segments of the economic system.
That is in line with the Common Supervisor and the Group Head of Retail Operations at Access Bank Plc, Abraham Aziegbe.
He made the comment forward of the Committee of Heads of Bank Operations’ (CHBO) 2026 Banking Operations Convention.
What the bankers are saying
In keeping with Aziegbe, who can also be the Chairman of CHBO, money stays indispensable regardless of the expansion of digital infrastructure.
“As Nigeria deepens its digital funds infrastructure, money stays an indispensable a part of financial exercise.”
He mentioned the 2026 convention is coming at a defining second for the monetary companies trade.
“This convention is about confronting operational realities head-on and charting a future the place money is smarter, extra environment friendly and higher built-in with digital methods,” Aziegbe mentioned.
He acknowledged that individuals would focus on sensible methods for redefining money operations, together with the usage of expertise to enhance traceability and safety, strengthening interoperability between money and digital channels, reassessing price and danger frameworks, and enhancing customer expertise throughout fee touchpoints.
Deal with sensible and policy-relevant outcomes
Additionally talking, Chairman of the Convention Planning Committee, Mr Tolulope Ogundipe, mentioned the agenda had been intentionally structured to ship actionable outcomes.
“This 12 months’s theme displays the trade’s shared duty to rethink money past legacy processes.
“Our goal is to offer a platform the place banks, regulators, switches and repair suppliers can align on sustainable fashions for money administration in a digital-first period,” Ogundipe mentioned.
He added that CHBO expects the outcomes of the convention to form trade considering, inform coverage discussions, and help extra resilient and forward-looking banking operations as digital adoption continues to speed up nationwide.
Ogundipe mentioned registration particulars and programme highlights can be communicated to invited individuals forward of the occasion.
What you must know
- In keeping with information from the CBN’s newest quarterly statistical bulletin, Nigerians withdrew a complete of N36.34 trillion through automated teller machines between January and June 2025, a pointy rise of 197.66% from the N12.21 trillion recorded in the identical interval of 2024.
- This surge displays robust reliance on digital infrastructure for monetary transactions.
- The information exhibits that the worth of ATM withdrawals almost tripled 12 months on 12 months, displaying the resilience of money utilization whilst regulators moved to make money entry dearer.
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