Nigeria debates fintech regulator as operators warn of overlap
House of Representatives considers bill to create fintech regulator amid split opinions. Telecom and agent groups support single authority for oversight, while fintech operators caution against regulatory duplication. ATICEN argues fragmented supervision threatens digital economy stability. Fintech operators like OPay warn new commission could increase compliance costs and discourage investment. Bill sponsor Fuad Laguda says dedicated regulator would improve user protection and sector profitability. Lawmakers face balancing coordinated oversight with duplication concerns in Nigeria's fastest-growing sector.