CBN Aims to Make Inclusive Payments Vision 2028 Digitally Financed

The Central Bank of Nigeria (CBN) has unveiled a new strategic blueprint, the Nigeria Payments System Vision 2028 (PSV 2028), aimed at building a financial ecosystem that works for everyone from small traders and students to large businesses and government agencies.

Launched at a stakeholder meeting in Lagos on September 9, 2025, PSV 2028 is designed to deepen financial inclusion, improve trust, and drive innovation in a way that strengthens the economy while making everyday transactions safer, faster, and more accessible.

Speaking at the event, Musa Itopa Jimoh, Director of the CBN’s Payments System Policy Department, described the initiative as a “national assignment” with the power to change how people live and work.

“Our journey from PSV 2020 to PSV 2025 showed us that progress is possible,” Jimoh said. “Now, PSV 2028 gives us the opportunity to build a payment system that is secure, efficient, and truly inclusive, helping Nigerians save, invest, and do business with confidence.”

The framework will be shaped by a broad coalition of stakeholders including banks, fintechs, payment providers, consumer groups, and regulators ensuring that the voices of citizens and businesses are reflected in the final plan.

To make this happen, six working groups have been created, focusing on financial inclusion, consumer protection, innovation, cross-border payments, cybersecurity, and strategic communication. These groups will craft policies that directly address the needs of individuals and communities, while also ensuring Nigeria remains globally competitive.

Participants welcomed the move, calling it a turning point for digital inclusion and economic resilience. Former NIBSS chief executive, Ajao Niyi, praised the CBN for raising the bar on collaboration, urging all partners to rally behind the vision.

Expected to replace the outgoing PSV 2025, the new plan will serve as Nigeria’s guiding framework for the next three years, aligning local innovation with global best practices.

For millions of Nigerians, PSV 2028 promises more than just financial policy it represents a chance to be part of a digital economy where payments are seamless, secure, and empowering.