Expanding frontiers of tech advancement in Nigeria
The Group Managing Director and CEO of Zenith Bank, Ebenezer Onyeagwu says leveraging technology is a bedrock for business sustainability today and the future. Speaking to CNBC Africa, he reiterates that Nigeria’s role in driving new technology disruptions is hinged on how well the country’s tech talents are harnessed.
Thu, 23 Nov 2023 15:10:52 GMT
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AI Generated Summary
- Zenith Bank's history of technological innovation and leadership in Nigeria's banking sector.
- Emphasis on digital education and literacy to combat cybercrime and drive digital economy growth.
- Commitment to supporting young tech innovators through annual hackathons, mentorship, and incubation programs.
Nigeria's tech landscape is rapidly evolving, with innovative disruptions shaping the future of business sustainability. In a recent interview with CNBC Africa, the Group Managing Director and CEO of Zenith Bank, Ebenezer Onyeagwu, emphasized the critical role of technology in driving new advancements and the importance of harnessing the country's tech talents. Onyeagwu highlighted Zenith Bank's long-standing commitment to technological innovation, tracing back to the institution's inception. From pioneering in-house built applications to launching Nigeria's first bank website in the early 90s, Zenith Bank has consistently led the digital frontier in the country. The CEO underscored the bank's focus on digital education and literacy, citing the correlation between low financial literacy and cybercrime rates. Notably, Zenith Bank's annual hackathon aims to nurture and support young tech innovators by providing mentorship, incubation, and funding opportunities for promising ideas. This initiative aligns with the bank's vision to foster the growth of tech startups that will drive the future of Nigeria's digital economy. Reflecting on Zenith Bank's recent nine-month performance, Onyeagwu expressed confidence in the bank's resilience amidst evolving FX market dynamics and monetary policy changes. As Nigeria's population demographics indicate a growing market with vast opportunities, Zenith Bank remains poised to expand its portfolio and capitalize on the country's tech-driven future.
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