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Firms drive innovation on cashless policy challenges


Nigeria’s cashless policy agenda received a boost recently as ten young Nigerians emerged winners in the 2015 eNNovation Challenge, organized by the Nigeria Inter-Bank Settlement Systems PLC (NIBSS) in conjunction with two global technology giants, Samsung and IBM.

The eNNovation Challenge is an online crowd sourcing contest, open to members of the public. “The contest seeks to promote the spirit of innovation, and showcase the depth and variety of talent available for cognitive cultivation in the national economy,” says Ade Shonubi, Managing Director/CEO, and NIBSS.

NIBSS conceptualized this pan-Nigeria, multi-disciplinary contest, collaborating effectively with IBM and Samsung to ensure that initiative benefitted from the global best practices and benchmarking standards of these two technology companies.
The entries were adjudicated using several parameters, including creativity, uniqueness, practical application/impact and potential for commercial viability.

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