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Nigeria Financial Services Shared IT Infrastructure & IT Standards Programme

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Expected Impacts and Benefits

Implementation of these standards is expected to provide the following benefits:

  • Increased up-time  / availability of Banks leading to increased cost savings
  • Establishment of a reference point for objective assessment of the IT function leading to improved IT performance measurement
  • Improved data integrity and electronic information exchange
  • Increased efficiency and productivity of staff due to interoperability of IT systems
  • Business Continuity / Recovery and reduced risk of prolonged downtimes
  • Improved data security assurance to customers leading to increased customer confidence

 

Useful links

  1. Overview and Summary IT Standards for the Nigerian Financial Services Industry
  2. Target Maturity Levels
  3. Expected Impacts and Benefits
  4. Re-prioritised Industry IT standards
  5. IT Standards Adoption Roadmap
  6. IT Standards Governance and Interaction Model
  7. CBN IT Standards Council ToR
  8. IT Standards Blueprint


See Frequently Asked Questions on the IT Standards Blueprint

Facts : 1/1/1900
Federal Ministry of Finance:The Federal Ministry of Finance (FMF) advises the Federal Government on its fiscal operations and collaborates with the Central Bank of Nigeria (CBN) on monetary matters. Before 1991, the responsibility for the supervision and licensing of banks was shared between FMF and CBN until 1991 when CBN became the sole authority.
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