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The banking industry in Nigeria started during the colonial era with the establishment of Colonial Banks, with the primary aim of meeting the commercial needs of the Colonial Government. [1] The banking system in Nigeria is regulated through the Central Bank of Nigeria. This apex bank started operation on July 1, 1959. [2]
The digital divide is a term used to describe the disadvantage in access to information which people without access to ICT suffer. [1] Nigeria's digital divide refers to the inequality of Nigerian individuals, groups, or organizations with regard to access to Information and communications technology (ICT) infrastructure or to the internet for daily activities. [2]
The government and the private sector have been investing in internet infrastructure to improve the connectivity and speed of the internet in Nigeria, especially in rural areas. [4] One of the indicators of the progress is the increase in broadband penetration, which reached 41.6 percent in January 2022, meaning that more than 40 percent of the ...
The Federal Ministry of Communications, Innovation and Digital Economy in Nigeria is a government ministry responsible for overseeing the development, implementation, and regulation of policies related to communications, innovation, and digital economy sectors within the country. The current minister is Dr Bosun Tijani. [2]
Nigeria Information & Technology Development Agency (NITDA), the government clearing house for all IT projects in the public sector in Nigeria. Nigeria Communication Commission , the independent National Regulatory Authority for the telecommunications industry in Nigeria.
The committee was established to oversee the nation's banking sector, currency regulation, and financial policies. Its creation is rooted in the Constitution of the Federal Republic of Nigeria, which empowers the National Assembly to form committees necessary for the effective execution of its legislative responsibilities.
Open banking in Nigeria was kickstarted by the Open Banking Nigeria as an initiative to be non-partisan and non-financial API standards for Nigerian financial services. It was formed in June 2017 by a group of bankers and fintech experts who got together to propose the adoption of common API standards for the country. [13]
E-government is also known as e-gov, electronic government, Internet governance, digital government, online government, connected government. [8] As of 2014 the OECD still uses the term digital government, and distinguishes it from e-government in the recommendation produced there for the Network on E-Government of the Public Governance Committee. [9]