Jessica ErobomhanChairman of the House Committee on Insurance and Actuarial Matters, Ahamadu Usman Jaha, has said Nigeria's fintech ecosystem has become one of the largest in Africa, noting that the country's growing payment ecosystem continues to attract significant investment. He said while fintech innovation had significantly improved financial inclusion and payment efficiency, its rapid expansion had also introduced new risks and challenges for the financial system. "Today, Nigerias banking industry continues to occupy a central position in our economy, with banking sectors assets running into several trillions of Naira and serving tens of millions of depositors across conventional banking channels and rapidly expanding digital platforms. Likewise, Nigeria's fintech has become one of the largest in Africa, attracting substantial investment and processing billions of electronic payment transactions annually." "The ongoing banking sector recapitalisation programme presents an opportunity to build stronger, better capitalised and more resilient financial institutions capable of supporting Nigeria's aspiration to become a one-trillion-dollar economy."