The Securities and Exchange Commission (SEC) Nigeria has inaugurated a dedicated Regulator–Financial Technology (Fintech) Clinic aimed at strengthening dialogue with Nigeria’s rapidly growing fintech ecosystem.
In a notice issued in Abuja on Tuesday, the commission said the initiative is designed to ensure that innovation within the financial technology sector aligns with regulatory compliance while safeguarding investor interests.
Speaking at the launch, the Director-General of SEC, Dr Emomotimi Agama, described collaboration between regulators and innovators as one of the most dynamic and crucial aspects of Nigeria’s financial system.
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According to Dr. Agama, responsible innovation requires regulatory frameworks that are simultaneously protective and adaptable.
“The clinic forms part of a continuous review process to ensure our rules remain proportionate, responsive and aligned with market realities,” he said. “Clarity, predictability and trust are critical conditions for innovation to thrive.
Regulatory frameworks must evolve in tandem with technological advancements. As we launch this inaugural clinic, our goal is to align innovation with integrity, growth with governance and technology with trust.”
Dr. Agama reiterated that while innovation is critical for sectoral growth, it must be matched with robust governance mechanisms to ensure sustainable growth and strengthen investor confidence in Nigeria’s financial markets.
The establishment of the fintech clinic reflects SEC’s proactive approach in fostering a regulatory environment that encourages fintech development while mitigating risks, signaling a new era of collaboration between regulators and technology-driven financial service providers.