 Business opportunity and sustainability in Nigeria, a case study of mobile money. Nigeria, like other developing countries in the world, is faced with numerous challenges, which includes leadership and economic sustainability among others. Meanwhile, Nigerians' tolerance levels to adaptability to these challenges are high with a lot of innovative solutions as they present themselves over time. With a rapid increase in unemployment rates, Nigeria has tapped into the world financial inclusion project through mobile money and agency banking business led by fintechs, banks, and now mobile network operators, also known as MNOs. Thereby generating over 1.3 million jobs from 2012 to date. Point of sales transaction carried out in Nigeria in the first eight months of this year stood at around 4.06 trillion naira. In 619.3 million transactions representing a 45% and 61.8% increased respectively. Compare records in corresponding period of 2020. This is based on data obtained from the Nigerian interbank settlement system, NAPS. What these are shown us is in the middle of challenges, Nigeria can solve basic day-to-day needs, creating jobs and world stream while focusing on the betterment of the nation. It is worthy of note that innovations like these will assist to rapidly reduce the unemployment rates. We just have to look inward. May God bless Nigeria and guide our leaders right. Mobile money. It is something that has really evolved since 2011 when the Nigerian government tapped into the world bank goals of financially including the hit-and-to-exclude debt population of the country. By 2020, 80% of the population will have been included. Of course, by 2020, the COVID-19 pandemic affected the achievements but that has also been extended to 2024 now. But if you look at the journey so far, you can say that Nigeria has not done badly in that regard. Even though there are some things that has not really gone well, when you talk about, because there are two aspects to this, when you talk about mobile money and agency banking. Yes, agency banking has thrived, but mobile money has not really evolved as it should. Mobile money aspect will be the one that will allow, the ones who do not have any identity can still have access to financial services just with their phone numbers. The phone numbers become their accounts numbers and then with that you can also send money. But one of the major issues that we have is that the inter-probability of the platforms has not really made the mobile money to evolve the way it should and that is where I think the regulators should work on. It has a great future. Financial inclusion is key in this economy. I believe that I come from a background where I have some dealings with microfinance banks that I know that we have a future with the advent of mobile money. You bring in a lot of the population, you bring in more of the population into the economy. The problem really is that technology is low right now in Nigeria. There is a need for government to pay attention to developing internet technology more and more. So that these communication companies that are going to provide the services can do a good job. You find today sometimes you want to interact with your bank. It is difficult. The network is poor. Banks cannot serve you quickly enough. But I think it is a positive development because it is for me an enhancement of the developments that we have seen over the past six years in the communication industry. Communication has now turned to banking. I think there is a very great future for our country in it. Thank you. I am actually looking at it from various perspectives. I just use the mobile money and banking agent as a case study. What I am saying in essence is business can strive in Nigeria. The people are saying where people begin to talk about that they are living. Migration is not a new thing. We are happy that people who are also migrating they are skilled people and they are not constituting new sense in the countries they are going. That means by the next two, three years we will be expecting high rate of international remittance into the country which is like a plus. Now what we are saying now is this. Ukraine will share war. It has affected the production of wheat which naturally comes from Ukraine. Now people will say it is government that is not doing something that makes the cost of bread flowers go high. Not knowing that we are importing which is the war. Now what we are saying is these are problems. These are opportunities for us to look inward to say can we have land that are suitable to plant this with. These are materials that are used for producing flowers. So I am just using a case study of banking sector. Before now we have less than say 20,000 ATMs across Nigeria to cater for over 40 million Nigerians that have bank accounts. We have an ATM. And we have over 100 million bankable adults. Meaning that we have less than 50% of them who are actually banked. But these innovations of financial inclusion that people tap into has actually made access to basic finance easy. It has taken banking services out of the brick to meet the people. So the problem of I have to go and do long queue in the bank and the players which are the agents who are doing this business they are making money on daily basis. And that is employment. So unemployment is reducing. People are also their daily transactions financial access they can easily get it without saying they are traveling far away to do. So a lot of things needs to be done to standardize it like he said. However what I am saying is if we can impart the same spirit in every other sector look inward don't wait until the government say we have to do this. Government see being has a standard with the banking sector but thinkers came and said no we can use technology decentralize this create jobs for people. You have to take people getting jobs you have individual who are not taking things create out of this. People are clean. Now thank God for this new law that is just signed. Start up bill. There is not an act that is just consent by the president. So what he is trying to tell us now is people can actually think of a number of ideas we can build Nigeria to suit our taste. We don't need to jack up. Because right then you leave your home you own a way and stuff like that. When you come back all those money that you made you say I am sending money from my boat to go and build ours. Why don't you build ours there? I am not sending money down here because you cannot carry everybody to any country you are going to. What I am not making any case for are people that are living in the country. I think of course there are business opportunities in Nigeria. Countless of them. The issues we have is with the business environment. We talk about access to finance. We talk about security. Most people that are living in this country some people have said of course no one that has left and have ridden the country today there are people that can live in a standard living in Nigeria you have a standard living in Nigeria if you look at the cost to take them to leave this country why are they running away? It is the security you don't want to be in a traffic lock jam and be looking behind your back who is there to kidnap you you are sleeping and you hear some sound and you want to look at what is happening out there all of these things account for why people want to leave this country it is not because there are no opportunities It is from where Usain is really coming from the point is first of all I think the private sector in Nigeria is quite small it needs to be expanded I think the point he is making with the coming of things like this we can begin to see we widen and expand the private sector with finance because without finances like blood if we can allow people to set up small businesses and grow their businesses even if they are in kafanchan even if they are in soko too you don't need to leave your village for instance to say bank is not working or you don't have finance you can take a loan from anywhere for instance so if we build the private sector we have a great future in Nigeria I think it is small government cannot really do everything government can do a lot but we need a big private sector and with things innovations like this I think the future is bright we are going to get somewhere the private sector will come when we have the enabling environment both of you have actually made a good point so I will wrap up by saying the government has to take the lead we are talking about insecurity legacy government started installing cameras every point in Nigeria everybody is conscious of their movements so government has to take the lead by the time government takes lead in every sector I am sure that everybody will adjust and things will set for the better so if the citizens are ready to take innovative ideas government create enabling environment and take the lead where necessary I think it will be good so all we are sure going to like is next after the break stay with us