Interview summary
The next chapter for instant payments
Expanding access and building on Nigeria’s experience with instant payments.
Interview published
In an AfricaNenda interview published on 2 April 2026, Premier Oiwoh reflected on recognition for NIBSS Instant Payment (NIP) and the next stage of Nigeria’s payment infrastructure.
The discussion traced NIP’s development from a funds-transfer service launched in 2011 to a platform supporting more everyday uses. Oiwoh highlighted affordability and the needs of people and businesses as priorities for its continued development.
He described the National Payment Stack as the next step, with ambitions for greater capacity, security and inclusion. These were presented as goals for the platform, rather than completed outcomes.
The interview also covered how NIBSS encourages staff to improve its operations and the possibility of closer links between African payment systems. Oiwoh framed the recognition as a reason to keep developing the service.