President Bola Tinubu has reaffirmed his administration’s commitment to supporting businesses in Nigeria’s financial technology sector, particularly those providing payment infrastructure services across Africa.
The president gave this assurance in Abuja on Saturday when he met with the leadership of Flutterwave and Alami Capital. He emphasized that Nigeria is genuinely open for business and that his government is determined to eliminate obstacles hindering companies from thriving.
Flutterwave, a Nigerian-founded fintech company operating in over 30 African countries, was represented at the meeting by its CEO, Olugbenga Agboola, co-founder Adeleke Adekoya, as well as Oluwabankole Falade and Mitesh Popat. Alami Capital’s CEO, Oluseun Olufemi-White was also present.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, led the delegation, accompanied by Dr. Armstrong Takang, Managing Director of the Ministry of Finance Incorporated, MOFI, and Dr. Inuwa Abdullahi, Director General of the National Information Technology Development Agency.
Tinubu commended Flutterwave’s role in Nigeria’s digital economy, highlighting the contributions of young Nigerians driving innovation. He described the company’s leadership in the fintech space as crucial to economic growth and improving lives.
Edun noted that Flutterwave has significantly impacted the economy by creating jobs and offering digital payment solutions across Africa. Agboola added that the company, valued at over $3 billion, has simplified global transactions for Nigerians and enabled seamless remittances from the diaspora.
He also disclosed plans for Flutterwave to be listed on the Nigerian Stock Exchange, seeking the president’s support for the move.
Dr. Takang stressed the importance of Nigeria showcasing its economic strength by positioning homegrown brands like Flutterwave across Africa. He pointed out that the company spends millions of dollars monthly on hosting services, funds that currently go to other countries.
The meeting underscored the government’s push to foster a thriving fintech ecosystem and ensure Nigerian businesses expand their global footprint.
NAN
