Digital financial services to create three million Jobs – CBN

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Governor of the Central Bank of Nigeria, Godwin Emefiele says increase adoption of Digital Financial Services, DFS, in Nigeria has the potential to create three million new jobs in Nigeria by 2025.
The governor also said for financial services providers, DFS has been estimated to reduce the cost of providing financial services by 80 to 90 per cent compared to the cost of a traditional bank branch.

He advised ministries, departments and agencies of governments as well as firms in the country to further digitise current cash payments.

He quickly noted that the economy is presently going through a time of economic challenges, adding that Digital Financial Services have substantial potential to promote financial inclusion, increase productivity and support economic growth in our country.

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