Nigerian Economic Summit Group

🚨 New Blog: Implementation of the ECOWAS Payment and Settlements System, along with the Pan-African Payments and Settlement System (Part 1) by Prof Jonathan Aremu

Efficient payment systems are a critical pillar of regional integration and trade facilitation in both the Economic Community of West African States (ECOWAS) and the African Continental Free Trade Area (AfCFTA). While tariff reductions and trade liberalization create trade opportunities, effective payment systems ensure that transactions are completed quickly, securely, and at lower cost. Without efficient payment mechanisms, the benefits of regional trade agreements cannot be fully realized.

The coexistence of the ECOWAS Payments and Settlement System (EPSS) and the Pan-African Payment and Settlement System (PAPSS) is essential for achieving both regional and continental economic integration. While EPSS deepens financial integration within West Africa, PAPSS extends those benefits across the African continent. Together, they reduce transaction costs, promote the use of African currencies, facilitate AfCFTA implementation, enhance investment attractiveness, and create a resilient payment infrastructure capable of supporting Africa's transformation into a single integrated market.

Click to read more - https://www.nesgroup.org/blog/Implementation-of-the-ECOWAS-Payment-and-Settlements-System,-along-with-the-Pan-African-Payments-and-Settlement-System---Part-1

The Refugee Convention protects refugees with disabilities and affirms that protection must be accessible to all.

As the world marks the 75th anniversary of the Refugee Convention, we are reminded that inclusion is not optional—it is essential. Refugees with disabilities must be able to access the services, support and opportunities needed to live with dignity and independence.

The NESG is proud to join UNHCR Nigeria as we count down to World Refugee Day on 20 June.

🚨 New Blog - Payment Vision 2028: Ambition, Ex*****on and the Economics of Digital Transformation by Suleyman A. Ndanusa PhD, OON

The Central Bank of Nigeria’s launch of Payments Vision 2028 may well prove to be one of the most consequential economic policy initiatives of this decade. At first glance, it appears to be a roadmap for improving how Nigerians make payments. In reality, it is far more significant than that. It is a vision for how Nigerians will transact, save, invest, trade, and participate in an increasingly digital economy.

The critical question, however, is whether Payments Vision 2028 is merely an ambitious aspiration or a realistic pathway to economic transformation. The answer lies not in the vision itself but in the quality of its ex*****on.

Read the full blog via - https://www.nesgroup.org/blog/Payment-Vision-2028:-Ambition,-Ex*****on-and-the-Economics-of-Digital-Transformation

Today, we celebrate more than a system of government; we celebrate the resilience of our people, the strength of our institutions, and the shared commitment to building a nation where every voice matters.

Democracy thrives when citizens are engaged, institutions are accountable, and leaders work together to create opportunities for all. As Nigeria continues its journey toward sustainable growth and inclusive development, may we remain united in purpose and steadfast in our pursuit of a more prosperous future.

Together, let's continue shaping a Nigeria where freedom, participation, and progress go hand in hand.

Happy Democracy Day, Nigeria!