Nigerians Pay N2trn Through Funds Transfer As Lagos Tops ePayment

BY BUKOLA IDOWU, Lagos

Despite the harsh economic conditions occasioned by coronavirus lockdown and economic recession that occurred last year, Nigerians still conduct N2.033 trillion  electronic funds transfer in 2020.

The rise in electronic banking transfer, according to findings, could be connected to the three months nationwide lockdown announced by the federal government to curb the spread of coronavirus pandemic, hence, Nigerians resort to e-payment channels to conduct their banking transactions.

Of this transaction, Lagos State accounted…