Dozis:
The way you shunned Nigerian fintechs is the same we will shun the currency...

AuntRose:
Emefiele is the worst CBN governor ever in the history of mankind, he has vowed to frustrate start-ups for reason best known to him making it look like he's on a revenge mission

Beedude:
Okay.
I dont see anything wrong in what CBN has done if truly the tech given has run such program in another country and was a success.
This is a major project that any wrong decision can hamper.
If this foreign company cant live up to expectation, then CBN will have a lot explanation to give.

So many people forgot how pos, atm and other transaction errors takes more than a month to get rectified for our fintechs but want CBN to trust them.
Ordinary electricity, our companies cant distribute. Now we run to Seimens, a German company to help.
Julius Berger, Arab contractors and CCECC are still the ones doing most of our major roads. Give a Nigeria company the project and regret later.

Opexzy:
Nigeria federal government is worst than cancer... One or more useless decision maker in this matter has invested heavily in Bitt.

Stripe acquired paystack for 200 million dollars,
Flutterwave closing in on a record breaking deal in Africa.
Piggy vest manages over 100 billion naira of investors funds using tech.
Opay just got 400 million dollars investment from softbank.

Our federal government decided to leave all these change makers in Nigeria fintech space to work with a company with zero investment and presence in Nigeria. Two possible reasons:
1. For selfish interests and egocentric gains
2. They are running mad.

This current CBN disaster of a governor is one of those few useless ones we have had in the past. Soludo will always have my respect.

It is well with the soul of this country.

Beedude:
Okay.
I dont see anything wrong in what CBN has done if truly the tech given has run such program in another country and was a success.
This is a major project that any wrong decision can hamper.
If this foreign company cant live up to expectation, then CBN will have a lot explanation to give.

So many people forgot how pos, atm and other transaction errors takes more than a month to get rectified for our fintechs but want CBN to trust them.
Ordinary electricity, our companies cant distribute. Now we run to Seimens, a German company to help.
Julius Berger, Arab contractors and CCECC are still the ones doing most of our major roads. Give a Nigeria company the project and regret later.

Patrioticman007:


The problems with Nigerian companies are compromise, due to the nature of our nationalization of corruption.

lalasticlala:


https://www.theheritagetimes.com/nigerias-apex-bank-shuns-home-grown-fintech-companies-picks-bitt-inc-as-partner-to-kick-start-digital-currency/

KingOfAmebo:


Beedude Patrioticman007 ShedrachU Opexzy


Nigerian Fintech companies such as: Flutterwave, Paystack, PiggyVest, Paga, Interswitch, E-tranzact, Carbon Paylater, Remita (SystemSpecs), and VoguePay.

"You people just like playing politics with everything, all the Fintech companies listed up there are focused on providing payment solutions for businesses with a Fiat Currency and NOT Cryptocurrency...Name one Nigerian Fintech that focuses on Cryptocurrency payment solutions...NONE, So why blame the CBN for engaging an expert?". - Village People spokesperson.

chineduuf:


Stand corrected, Patricia

JackWolfskin:
Normal Naira can't hold value...

...How will the E-Naira fare?

greenguy:
E-currency is a welcomed idea and the foreign company in question is an expert in this area.

There's actually nothing wrong engaging the services of a foreign company, but the main problem is the monumental looting that will take place via this eNaira by this government ehnn...I fear for the very short-term future of this already miserable country.

ivolt:

The currency is not an investment scheme. Think of a fully digital Naira.

BTW, Success or Failure of a crypto has nothing to do with decentralization.
USDT is not decentralized yet it is doing well and many decentralized currencies have died over the years.

thebosstrevor1:


Nigerian fintechs are payment gateway, they process payment

Bit inc is a company that mint and create digital currencies for central banks all over the world. They also create payment systems, this is something Nigerian fintechs do not do.

2 different businesses and models.

Nigerian online media are filled with shit and FAKENEWS

Beedude:
Okay.
I dont see anything wrong in what CBN has done if truly the tech given has run such program in another country and was a success.
This is a major project that any wrong decision can hamper.
If this foreign company cant live up to expectation, then CBN will have a lot explanation to give.

So many people forgot how pos, atm and other transaction errors takes more than a month to get rectified for our fintechs but want CBN to trust them.
Ordinary electricity, our companies cant distribute. Now we run to Seimens, a German company to help.
Julius Berger, Arab contractors and CCECC are still the ones doing most of our major roads. Give a Nigeria company the project and regret later.

ShedrachU:


It's not about investment size, it's about service rendering capability.

1. For three months now, users are unable to add new debit card to their Opay account.

2. For two weeks now, Paystack ain't replying customers.

3. For a month now, Piggyvest have glitches in terms of internal functions within its app.

4. Flutterwave on the other hand, fair enough.

Now looking at all these, it will be gross senseless to give such huge project to any of them.

KingOfAmebo:


Beedude Patrioticman007 ShedrachU Opexzy


Nigerian Fintech companies such as: Flutterwave, Paystack, PiggyVest, Paga, Interswitch, E-tranzact, Carbon Paylater, Remita (SystemSpecs), and VoguePay.

"You people just like playing politics with everything, all the Fintech companies listed up there are focused on providing payment solutions for businesses with a Fiat Currency and NOT Cryptocurrency...Name one Nigerian Fintech that focuses on Cryptocurrency payment solutions...NONE, So why blame the CBN for engaging an expert?". - Village People spokesperson.

ArcFresky:


You are mistaken.
It is not that they can't do it.
Its the corruption... That's all...

Foreign companies have the money to pay the bribes, local companies don't.

Before you get contract of 100m, you will have paid bribe of 50m... So please tell me, how they wan do good job.

I think it's just corruption... That's all.

Dozis:
The way you shunned Nigerian fintechs is the same we will shun the currency...

Opexzy:


I know all these companies are payment processing companies. The federal government is just a very clueless entity. Patricia was doing fine in Nigeria before they were sent away by hostile policy. Now the same federal government is investing into the same sector and you are here throwing your weight around them.