The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has warned that traditional financial regulations are no longer sufficient to ensure Nigeria’s economic stability. Speaking at a Central Bank of Nigeria retreat, Inuwa stressed that the rapid growth of electronic payments, which reached approximately N1.07 quadrillion in 2024, requires regulators to move beyond monitoring individual institutions toward comprehensive oversight of the entire digital ecosystem. He emphasized that financial stability is now inseparable from digital sovereignty, urging regulators to prioritize real-time visibility into the infrastructure—including cloud platforms and telecom networks—that sustains modern banking. CBN Governor Olayemi Cardoso echoed the need for institutional reform, maintaining that the bank’s ongoing structural changes are essential for long-term stability and staff protection.