Regulatory dispute over Airtime Credit Services that occured recently has highlighted the increasingly important role of specialist technology infrastructure firms in Nigeria’s digital economy, with industry stakeholders saying that coordinated regulation will be essential to sustain investment, innovation and financial inclusion.
The controversy surrounding the Federal Competition and Consumer Protection Commission’s (FCCPC) Digital, Electronic, Online or Non-Traditional Consumer Lending (DEON) Regulations, which temporarily disrupted Airtime Credit Services before proceeding to the Federal High Court, has brought into focus the growing convergence between telecommunications and digital finance.
Industry stakeholders argue that the episode underscored the need for regulatory alignment as technology providers continue to build the infrastructure supporting millions of digital transactions across the country.
Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has consistently emphasised the importance of policy coordination in managing Nigeria’s expanding digital economy.
“Regulatory coordination is not only essential to preserving legal certainty but is also
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