It's time for the Nigerian government to rebase the economy - Olufemi Adeagbo

"Things are hard in Nigeria ", this is a common phrase in Nigeria... with consistent use by most Nigerians that may include yourself but recent figures from financial and other institutions show that Nigerians are spending more than ever before especially through electronic transactions with some growth recorded in the economy including through diaspora remittances. Latest figures from the Nigeria Inter-Bank Settlement System shows a surge in electronic transactions this year. It shows that deals worth 204.5 trillion naira were performed electronically in Nigeria between January and July this year through the NIBSS Instant Payment platform. This reflects a 40% increase in e-payments made through various channels via internet banking, bank branch, Kiosks, mobile apps, Unstructured Supplementary Service Data (USSD), POS and ATM when compared with N145.8 trillion recorded in the same period last year.. Well, to help us unbundle these developments, Olufemi Adeagbo, a development and ICT expert and Managing Director of Comnavig ICT. Spoke on the program.




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