Grow mobile money market for economic prosperity – SystemSpecs - Vanguard News

Demola Igbalajobi, Divisional Head, Payment Gateway & Infrastructure, SystemSpecs Limited.

Speaking at a session which featured other discussants such as Director of TSA, Office of the Accountant General of the Federation , Sylva Okolieaboh and Accountant General of Kaduna State Idris Nyam, Demola Igbalajobi, Divisional Head, Payment Gateway & Infrastructure, SystemSpecs Limited bemoaned the vast untapped potential of the mobile money sector which could otherwise propel financial exclusion and yield more revenue for the country.

According to Igbalajobi, ‘’Financial companies in Nigeria mainly have their sights set on the Lagos and Abuja markets whereas the rural markets are prime for tapping. Mobile money lends itself to rural areas where we have a paucity of bank accounts.” Meanwhile, the Director of ICT, Kogi State, Isah Sani, during a presentation on the gains of the implementation TSA in the state, narrated the enormous role technology has played in improving the fiscal regime of the state. According to Sani, TSA provides “complete and timely information on government cash resources, including real-time account balances.’’

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