|Lagos State Commissioner for Information and Strategy, Mr. Steve Ayorinde|
Mobile Money is an electronic payment product that enables individuals to transfer financial value through a mobile phone without using a bank account. In Mobile Money, financial value is stored in a virtual wallet which is represented by the phone number of a subscriber.
The Lagos State Commissioner for Information and Strategy, Mr. Steve Ayorinde gave this charge while speaking at the 4th Annual Conference of the Brand Journalists Association of Nigeria, held on November 4, 2016 at the Chartered Institute of Bankers, CIBN, Lagos.
According to him, this could be enhanced by putting in place robust security measures to combat sharp practices that easily put off potential online bankers.
Ayorinde recalled that since the CBN introduced the mobile money (electronic payment systems) in 2011, the financial transactions among individuals and organisations have been revolutionised.
He noted that as a result, we now experience a relative ease while carrying out commercial and non-commercial transactions and other forms of monetary transactions across the country.
While expressing the success of the e-payment system in driving the state's revenue generation, the Information commissioner added that the state government would continue to invest and deploy information technology infrastructure to meet the challenges and expectation of the citizenry.
" I must commend the initiators for the foresight, introduction and sustenance of this annual conference which has remained a veritable platform for enriching and thought provoking treatises, meeting of minds and brainstorming for brand journalists and other stakeholders on issues that can help in promoting and transforming the nation's economy.' Ayorinde said.
Earlier in his welcome address, the BJAN President, Mr. Goddie Ofose said the mobile money was chosen as a topic for discussion based on a number of reasons.
According to him, for instance, the association believe that Nigeria is at a juncture where a remodeling of the financial services system was critical as a means of enabling credit, facilitating transactions, minimising the risks associated with heavy cash movements, facilitating exchange and making access to easier, cheaper and more convenient.
Among dignitaries that attended the conference included Emeka Oparah, Director, Sponsorship, events PR, Airtel Nigeria, Francis Nwoboshi, Head, Mobile & Acquiring Channels, Stanbic IBTC, Melevin Awolowo, Acting Communication Manager, Stanbic IBTC, Demola Adesina, Business Banking Marketing Manager, Stanbic IBTC, and Ibrahim Abdulahi, Finance Officer, WHO.
Others included Toro Oladapo, Director, Press & Public Affairs, Lagos State Ministry of Information and Strategy, who represented the State Commissioner for Information and Strategy, Steve Ayorinde, Emmanuel Agha, CEO, Innovatives, Sola Fanawopo, CEO, eMaginations, Aminu Bizi, CEO, Bizi Mobile Cashless among others.