*President Bola Ahmed Tinubu acknowledges the leadership Flutterwave, a leading FinTech company founded by young Nigerians, provides in the digital world is what Nigeria needs to grow its economy and make life easier for most of its population

Gbenga Kayode | 绿帽献妻

President Bola Ahmed Tinubu has said his administration will support businesses in the Financial Technology (FinTech) sector that provides payment infrastructure services for Nigerian and African consumers.

Tinubu said this afternoon Saturday, February 22, 2025, when he received the leadership of Flutterwave and Alami Capital, in Abuja, FCT.

绿帽献妻 reports Flutterwave is a leading FinTech company, founded by young Nigerians, and headquartered in聽Lagos.

The company operates in the United States (US), Canada,聽Nigeria,聽Kenya,聽Uganda,聽Ghana,聽South Africa, and 29 other African countries.

In the meeting with the President were Olugbenga Agboola, Chief Executive Officer (CEO); Adeleke Adekoya, a co-founder; Oluwabankole Falade and Mitesh Popat that represented Flutterwave.

Ms. Oluseun Olufemi-White represented Alami Capital as its CEO.

Mr. Wale Edun, Honourable Minister for Finance and Coordinating Minister of the Economy, led the delegation to meet President Tinubu.

Dr. Armstrong Ume Takang, the Managing Director and Chief Executive of the Ministry of Finance Incorporated (MOFI), and Dr. Kashifu Inuwa Abdullahi, CCIE, Director-General/Chief Executive Officer of the National Information Technology Development Agency (NITDA), also attended.

Mr. Bayo Onanuga, Special Adviser to the President on Information and Strategy, at the weekend, Saturday stated President Tinubu, at the meeting, said Nigeria is genuinely open to business, and that as President, he is determined to remove all obstacles to allow companies to thrive.

The Nigerian leader commended Flutterwave’s commitment to building capacity in the digital economy sector, especially as it is being made possible by energetic, young Nigerians.

The President also said he is honoured to be the President of a country with such a youthful and resourceful population.

The statement noted President Tinubu further averred the leadership Flutterwave provides in the digital world is what Nigeria needs today to grow its economy and make life easier for most of its population.

Edun, Minister of Finance and Coordinating Minister of the Economy, also affirmed that Flutterwave has made significant progress since its establishment 10 years ago.

The Minister said the FinTech company had created jobs and helped to diversify the economy by providing innovative digital platforms and payment services in Nigeria and across Africa.

Speaking at the meeting, Agboola, CEO of Flutterwave,聽 said the company had made it easy for Nigerian consumers of financial products and services to pay for some global services with Naira.

He noted the company also has provided payment platforms for Nigerians in the Diaspora, who are willing to send money to families and relatives in the country.

Agboola said Flutterwave, valued at over $3 billion, is a Nigerian export and brand employing over 1,000 Nigerians.

The company, he stated, seeks to be listed on the Nigerian Exchange (NGX), as he solicited the President’s support.

In his remarks, Dr.聽Takang, Managing Director and Chief Executive of MOFI, said as Africa’s biggest economy, Nigeria must demonstrate its economic prowess by strategically positioning products and services by Nigerian companies, such as Flutterwave, in the homes of all Africans.

He disclosed Flutterwave spends millions of Dollars monthly on hosting services, but that money goes to other countries.

The MOFI Chief Executive, therefore, suggested supporting Galaxy Backbone’s hosting services to enable it to handle companies like Flutterwave.

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