President Bola Tinubu has reiterated his administration’s commitment to fostering the growth of businesses in Nigeria’s financial technology sector, especially those providing critical payment infrastructure services for Nigerians and Africans.
Speaking in Abuja on Saturday afternoon, Tinubu welcomed the leadership of Flutterwave and Alami Capital, emphasizing that Nigeria remains open for business and is determined to eliminate obstacles that hinder companies from thriving.
During the meeting, which was attended by key figures including Minister of Finance and Coordinating Minister of the Economy, Wale Edun, along with Dr. Armstrong Ume Takang of MOFI and Dr. Inuwa Kashifu Abdullahi, CEO of NITDA, President Tinubu commended the innovation and energy of Nigeria’s youth.
He highlighted Flutterwave’s vital role in the digital economy, noting that its leadership in the digital world is exactly what Nigeria needs today to spur economic growth and simplify daily life for its people.
Flutterwave’s boss, Olugbenga Agboola, along with stakeholders Adeleke Adekoya, Oluwabankole Falade, and Mitesh Popat, underscored the company’s achievements since its establishment 10 years ago.
Agboola pointed out that Flutterwave has made it easier for Nigerians to pay for global services using Naira and has provided robust payment platforms for Nigerians in the diaspora sending money home. Valued at over $3 billion and employing more than 1,000 Nigerians, the company is now looking to be listed on the Nigerian Exchange—a move that received a warm endorsement from President Tinubu.
The meeting underscored a broader vision: a Nigeria that leverages its youthful and resourceful population to drive innovation and economic diversification. As fintech companies like Flutterwave continue to create jobs and expand digital payment services across Africa, Tinubu’s administration is set to back these efforts, ensuring that Nigeria remains at the forefront of the continent’s digital revolution.
