The Central Bank of Nigeria (CBN) has unveiled the Nigeria Payment System Vision (PVS) 2028 on Monday 1 June, 2026.
The unveiling of PVS 2028 was done by Olayemi Cardoso, Governor of CBN.
PVS will help “deepen infrastructure, expand inclusion, accelerate innovation, and enhance Nigeria’s integration with regional and global payment systems”, the Nigerian Apex Bank said via a statement.
The CBN Chief said, the Vision is not a “government project”, but, a “Nigerian project”.
Cardoso said: “Today, we don’t just unveil a payments strategy; we unveil a vision for how Nigerians will transact, trade, save, invest, and fully participate in a digital economy.
“PSV 2028 is not a government project. It is a Nigerian project.”
He also echoed the commitment of the CBN to make available the “leadership and enabling environment” required to transform its payments system.
According to the CBN statement, Cardoso said: “”We will continue to promote innovation while safeguarding stability, strengthen oversight while encouraging competition, and work collaboratively with stakeholders to ensure that our payments ecosystem evolves in line with both global standards and national priorities.
“Payment systems are no longer merely a means of transferring funds. They are platforms for innovation, enablers of inclusion, and critical infrastructure for economic growth.”
“PSV 2028 builds on the existing foundation to create a secure, resilient, and globally competitive payments ecosystem, while supporting broader CBN reforms to strengthen stability, facilitate trade, boost investor confidence, and improve Nigeria’s external position.
“We must work together to ensure that we execute. Ultimately, we must measure performance by one thing: How it impacts GDP. The journey is to impact the lives of the poor,lead people out of poverty and have an impact on the GDP.””
The CBN Governor expressed certainty that by 2028, financial inclusion will reach “95%”, “bringing millions more market women, farmers and young people into the formal financial system. According to him, “the goal is inclusion, not exclusion”.
He said: “the goal is inclusion, not exclusion. By 2028, cash should no longer be king. We need to do a lot more work to build trust and ensure people have no doubt they are dealing with a strong and reliable payment system.”
Photo: Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), unveils the Nigeria Payments System Vision (PVS) 2028
