What are the challenges in growing e-banking in Nigeria?
The challenges of electronics banking in Nigeria are infrastructure and socio-cultural. The average Nigerian likes carrying cash; until that mentality is eradicated, embracing card which is the centre will take a while. Again, security is another major obstacle in this milieu. The security I am referring to is not just electronic security but environmental. You and I know that even when a robber is caught with stolen money, he could also go free let alone someone who stole or moved money nobody saw him when he did. Lack of knowledge is another major issue; it is difficult for most of our professionals to accept that they lack knowledge rather they maneuvre there way through and that is why things are getting very complicated. If we can all calm down, study, work out plans, remove personal agenda, things will work well not only in electronic banking but in Nigerian economy as a whole.
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