Nigeria to host RegTech Africa confab

Nigeria is set to host a major continental policy and technology engagement as organisers of the RegTech Africa Conference and Expo (RACE 2026) unveiled details of the event at a media parley held at the State House, Abuja, yesterday.

The conference, which will be held under the patronage of the Office of the Vice President, between 20th and 22nd of May, 2026, is being organised in partnership with the Presidential Committee on Economic and Financial Inclusion and in collaboration with the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA).

Addressing journalists at a media parley in Abuja, the Chairman of the Organising Committee, Mr. Cyril Okoroigwe, described RACE 2026 as Africa’s leading platform for dialogue at the intersection of regulation, technology and economic development, designed to address the regulatory and infrastructure gaps limiting cross-border trade, finance and digital innovation across the continent.

He said the conference is anchored on the vision of “Africonomy”, which envisages Africa operating as a connected, trusted and innovation-driven economic space, aligned with the aspirations of the African Continental Free Trade Area (AfCFTA).

AfCFTA is projected to integrate a $3.4 trillion market of about 1.4 billion people across 54 countries.

According to Okoroigwe, despite the promise of AfCFTA, fragmented regulations, weak interoperability and regulatory uncertainty continue to constrain cross-border trade, payments and digital services, resulting in significant opportunity costs for African economies.

He explained that RACE 2026, themed “Building Trust, Infrastructure, Inclusion, and Policy for a Borderless Economy,” will focus on promoting regulatory innovation and policy alignment, encouraging the deployment of trusted digital infrastructure such as interoperable payment systems and digital identity frameworks, and advancing financial and digital inclusion for small businesses, startups, women, youth and underserved communities.

The conference, he added, will also strengthen collaboration among regulators, governments, financial institutions, technology innovators and development partners, while showcasing African investment opportunities in compliance, fintech, cybersecurity and digital services.

Organisers said Nigeria’s hosting of the conference further underscores the country’s growing role as a continental hub for policy dialogue, financial innovation and digital economic leadership, while supporting Africa’s broader journey toward integrated digital markets, improved investment confidence and inclusive economic growth.

Also speaking at the media parley, through virtual means, the Acting Principal Officer, Legal and Law Enforcement at the GIABA Secretariat, Ms. Gina Wood, said the conference and its associated policy dialogue come at a critical moment for West Africa as countries prepare for the third round of Anti-Money Laundering and Counter-Financing of Terrorism evaluations.

She noted that findings from GIABA’s second round of mutual evaluations highlighted the need for countries to move beyond technical compliance to effectiveness, stressing stronger coordination, improved risk understanding, modern supervisory approaches and the use of technology to safeguard the integrity of financial systems.

Wood commended the Federal Government of Nigeria for supporting the RegTech Africa initiative, saying sustainable reforms require strong political commitment and deeper collaboration between the public and private sectors, including regulators, financial institutions, fintech innovators and telecommunications operators.

She reaffirmed GIABA’s commitment to supporting member states through capacity building, technical assistance, policy guidance and regional cooperation, describing RACE 2026 as a timely platform to advance a trusted, inclusive and future-ready regulatory and compliance framework across West Africa and the continent.

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Organisers said the media parley marked the official curtain-raiser for the 2026 conference, calling on the media to play a critical role in shaping public understanding of how regulation, innovation and technology can work together to unlock Africa’s ambition for a secure, inclusive and borderless digital economy.