2020-2021 // Nigeria, Lithuania
Being the first of its kind to offer a digital economy development pathway linking Nigeria and Lithuania, Digital Explorers programme also strives for wider impact and aims to connect actors from both ecosystems with a special focus on regulatory initiatives in FinTech and other digital entrepreneurship fields.
Matching for Knowledge Exchange:
Why focus on FinTech? The Nigerian government is currently seeking ways to further empower the country’s FinTech community, leading the startup scene in terms of attracted funding, and through its Security Exchange Commission desires to set up a Regulatory Sandbox, in which start-ups and other businesses could test innovative products and services and leverage on ‘safe space’ provided.
At the same time, Lithuania has been nurturing its FinTech ecosystem for quite a while, as its capital Vilnius has established itself as the EU center for regulated FinTech companies. Bank of Lithuania has played a key role in this process through its Regulatory Sandbox, LBChain, Open Banking initiatives and has a lot to share about creating a FinTech conducive environment.
This activity is implemented with the financial assistance of the Development Cooperation and Democracy Promotion Programme of the Ministry of Foreign Affairs of the Republic of Lithuania and the European Union, contracted by ICMPD through the Mobility Partnership Facility. The contents of this document are the sole responsibility of VšĮ Versli Lietuva (Enterprise Lithuania) and can under no circumstances be regarded as reflecting the position of the Ministry of Foreign Affairs of the Republic of Lithuania, the European Union and the one of ICMPD.