Sector Overview

An Internal Financial Center spans across many sectors and captures both the intra- and inter-sectoral dynamics between them. The sectors included in the FSS2020 program are Central Banking, Capital Market, Credit Market, Money Market, Foreign Exchange, Insurance Market, Mortgage Market, SME Finance, Legal Framework, Regulatory, Human Capital, and ICT.

These sectors are supported by a league of stakeholders led by CBN, which include the Federal Ministry of Finance, National Assembly, Securities and Exchange Commission, Nigeria Deposit Insurance Corporation, National Insurance Commission, National Pension Commission, Money Market Association, Federal Inland Revenue Service, Nigerian Insurers Association, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Manufacturers Association of Nigeria, Debt Management Office, Nigerian Stock Exchange, Deposit Money Banks, Federal Mortgage Bank, Bank of Industry, Nigerian Export-Import Bank, and Nigeria Agricultural Cooperative and Rural Development Bank.