Nigeria is a leading fintech market in Africa, with a large population and growing GDP. The country has seen significant growth in the fintech sector, driven by factors such as a large unbanked population, high mobile penetration, and a supportive regulatory environment. However, the sector faces challenges such as a lack of infrastructure, limited access to finance, and regulatory uncertainty. Despite these challenges, Nigeria's fintech ecosystem is rapidly evolving, with a growing number of fintech startups and established players. The report suggests that Nigeria has the potential to become a major fintech hub in Africa, with the right policies and investments in place.
