Osinbajo: FG Will Partner Africa FinTech Foundry to Boost Technology Innovation
Impressed with the level of technology innovation at Africa FinTech Foundry (AFF), a technology hub that is financed by Access Bank, Vice President Yemi Osinbajo has said the federal government will support AFF hub to further boost technology innovation in the country.
Osinbajo, who made the promise on Tuesday during a visit to the AFF hub in Lagos, assured Nigerians of the federal government’s commitment to establish a technology hub at the University of Lagos, and in six additional universities across the six geopolitical regions of the country. The Vice President also called on well-meaning organisations to support government on the initiative, insisting that it is the best way to grow the Nigerian economy technologically.
“The federal government is currently working on an initiative to take Information Technology (IT) challenges to tertiary institutions across the country, designed to groom the best technology innovators among students,” Osinbajo said.
The future is about innovation and I am happy to know that Access Bank is already ahead of technology innovation through its Africa FinTech Foundry. I am impressed with what Access Bank is doing with its tech hub to cause a lot of disruptions in the technology space, and I am excited to know that the bank is creating job opportunities through its AFF hub, Osinbajo added during the visit.
Chairman of the bank, Mrs. Mosun Belo-Olusoga, said: “Technology has enhanced access to capital, expertise and distribution and has supported the storage of data and the way data is used. It presents opportunities of financial services to people and organisations across continents. At Access Bank, we align with global standard, best practices, while maintaining cultural identities and digital knowledge that enable us to react to local realities.”
Access Bank is driving financial inclusion by extending banking services to new businesses and individuals. We take advantage of technology revolution that is changing the face of banking globally, she said.
“Our target is to activate 35 million new customers in the next five years, and we are leveraging technology to achieve it. We recognise that access to financial services is key to national development, and as such we remain fully