FintechNGR lauds govts’ palliative measures, others against COVID-19


FinTech Association of Nigeria (FintechNGR) has hailed the efforts of various governments, organizations and especially members of the Fintech Ecosystem for their supportive measures aimed at combating spread of the COVID-19 pandemic.

FintechNGR, a member of the global body Global Fintech Hubs Federation, stated this in a recent publication.

As part of its contributions, it said it would continue to use its platforms to provide real-time information and other various initiatives focused at addressing the COVID-19 challenges.

The publication reads:

Fintech Ecosystem unites against COVID-19

The world is more united now more than ever to get rid of the menace Corona Virus. We have witnessed the world’s worst lockdowns of businesses and citizens with the looming consequence of the economic recession.

We have also seen united forces in medical, scientific and technology responses as well as various palliative measures being put in place by governments and humanitarian relief programme for vulnerable people to cushion the economic and financial effects of the pandemic.

The government of Nigeria through the Central Bank of Nigeria has also rolled-out various palliative and support measures for businesses and the vulnerable such as Conditional Cash Transfer Programme, Targeted Credit Facility amongst others.

No doubt the major contributor to the fast spread of the virus is ignorance, we have taken the side of using our platforms and that of our members to educate Nigerians with real-time information, increase our educational programme to offer more learning opportunities through virtual means while members of the Governing Council and the Management are also involved in various initiatives that focus on addressing the challenges.

Equally, we have seen our members and ecosystem partners make impacts through donations  in cash and kind including N1billion donation by each of Access Bank and First Bank of Nigeria, N250million by each of Union Bank of Nigeria, Ecobank, Stanbic IBTC, Citi Bank, Sterling Bank, Fidelity Bank, N100million by each of WEMA Bank and Suntrust Bank, N25million by SystemSpecs, N20million by Chartered Institute of Bankers of Nigeria,  webinars by Lagos Business School, development of IVR & USSD support by Fintech1000 Group amongst others.

The strategy for self-care is to stay informed, stay calm, stay safe, make the best use of the time, re-strategize and explore available support system to cushion the effects as well help those whose livelihood has been affected by the pandemic.

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