An Appraisal of Financial Technology in Nigeria: a Critical Analysis of Its Emergence, Impact and Regulatory Framework

ABSTRACT

Since 2007, Financial Technology has enjoyed rapid development in Nigeria and same is still on the rise. Often termed as the ‘new disruptive market force’, FinTech has challenged the traditional means of providing financial services in the country by improving activities in finance such as money transfer, payments, lending and borrowing, investment management and so much more. The technology has spurred the start-up and maintenance of several businesses, providing easy access to their services and has prompted development in today’s society. The use of such technological innovation has predicated the need for a framework to maintain stability in the financial sector, to ensure hitch-free operations and prevent the ever-looming threat of cybercrime through its stringent provisions. The paper examines Financial Technology in Nigeria, discussing extensively; its innovative growth and impact. The paper also briefly discussed the regulatory frameworks governing the sphere of Financial Technology in Nigeria and concluded by recommending the establishment of a cohesive and specific body for regulating FinTech activities in Nigeria.

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The Contemptible State of the Health Sector in Nigeria: the Efficacy of the National Health Act 2014 in Addressing Issues in the Health Sector

ABSTRACT

It can be stated without much ado that the state and condition of the health sector in Nigeria is one which truly leaves more to be desired. What even continues to resonate in light of this fact is the minimal efforts channeled towards the reversal of this, a situation which ought to be one of maximum concern. The paper strongly avers that the situation in the health care sector in Nigeria is one which is nothing short of contemptible, despicable and appalling. Law, in light of its functions in modern day society, remains a kinetic force which pulls everything within its radar along the line of progression and this paper posits that once again this role of law is to be played in this pertinent sector of life. To relegate the issue of health care to the background is to invariably threaten the existence of life itself, therefore such an issue must be given priority amidst other concerns that plague our human existence. This paper aims to bring to fore the problems being faced by the health sector and go further to examine the adequacy of the National Health Act 2014 in changing the current situation by analyzing the provisions of this Act. The paper recommends the full implementation and enforcement of the National Health Act in an attempt to improve the state of health care in Nigeria.

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