Nigeria's Banking Problem Is Not What You Think It Is - Olu Akanmu

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40 million people have a government ID and no bank account. Olu Akanmu's fix: lock the regulators, the banks and the fintechs in one room and give them 3 months to go and find them. During the cashless crunch, a bank that needed more server capacity had to write a board paper, get approval, source dollars, import the server, clear it through customs and install it. 3 to 4 months. OPay could look at capacity at 9pm, see 70%, and add 40% by morning. Traders in Balogun started telling customers to…