Fintech Revolutionizes Nigeria’s Agriculture: A Look at Digital Payments and Their Impact

Nigeria’s agriculture sector, contributing roughly 24% of the country’s GDP, is undergoing a significant transformation powered by digital financial technologies (fintech). These innovations are impacting farmers’ lives in numerous ways, from payments to access to credit. However, widespread adoption remains a challenge, as factors such as network connectivity, cost barriers, and farmer preference for familiar methods hinder progress. A recent study sheds light on this issue, revealing the slow pace of digital transition among farmers despite awareness of these advancements.