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| Mallam Sanusi Lamido Sanusi |
The Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, recently launched a revised version of the Nigeria Payment System (NPS) Vision 2020 Strategy Document.
The CBN Governor said that the document was to address the identified deficiencies in the nation’s financial market infrastructure against the current 24 BIS/IOSCO Principles for Financial Market Infrastructure (PFMI).
He also said that the revised system would also help to achieve a much higher target for compliance than was possible in 2007 given the remarkable strides recorded so far in the implementation of e-payment in the face of constraining challenges.
The CBN governor, who recalled the various initiatives to promote cashless transactions in the economy over the years, particularly since the launching of the PSV2020 in 2007, identified a 7-point strategic areas of focus in the implementation of the PSV2020 Release 2 in order to consolidate the gains recorded in the drive towards higher e-payments compliance level in the country.
