In a significant move to boost Nigeria’s financial technology sector, President Bola Tinubu has reaffirmed his administration’s commitment to supporting businesses that provide payment infrastructure services for Nigerians and Africans.
During a meeting held at the Presidential Villa in Abuja on Saturday, President Tinubu welcomed key stakeholders from Flutterwave and Alami Capital, where he emphasized his administration’s dedication to creating a conducive business environment for fintech companies. The delegation was led by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.
President Tinubu expressed his admiration for Flutterwave’s contributions to the digital economy, noting that the company exemplifies the innovative spirit of young Nigerians. He reiterated that Nigeria remains open for business and assured that his government is focused on removing obstacles that hinder business growth.
“I am proud to be the President of a country filled with youthful and resourceful individuals who are driving technological advancements. The leadership that Flutterwave provides in the fintech space is exactly what Nigeria needs to strengthen its economy and improve the daily lives of its citizens,” President Tinubu stated.
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Flutterwave’s CEO, Olugbenga Agboola, highlighted the company’s impressive growth over the past decade, underscoring its role in job creation and economic diversification.
The fintech giant, valued at over $3 billion, has revolutionized payment solutions in Nigeria and across Africa, enabling seamless transactions for individuals and businesses alike.
Agboola further explained that Flutterwave has facilitated cross-border transactions, making it easier for Nigerians to pay for global services using the Naira. The company has also provided efficient payment solutions for Nigerians in the diaspora looking to support their families back home.
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He expressed Flutterwave’s aspirations to be listed on the Nigerian Exchange and sought the President’s support to achieve this milestone, which would further cement the company’s legacy as a homegrown success story.
Finance Minister Wale Edun commended Flutterwave for its significant contributions to Nigeria’s economy, noting that the company has played a key role in driving financial inclusion and digital innovation.
Other prominent officials present at the meeting included Dr. Armstrong Ume Takang, Managing Director and CEO of the Ministry of Finance Incorporated (MOFI), and Dr. Inuwa Kashifu Abdullahi, Director General and CEO of the National Information Technology Development Agency (NITDA).
With the government’s renewed commitment to fintech development, Nigeria is poised to further strengthen its position as a hub for digital innovation in Africa. The partnership between the public and private sectors will be instrumental in driving sustainable economic growth and expanding financial access for millions of Nigerians.
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