—Naija247news
Thank you for reading this post, don't forget to subscribe!President Bola Tinubu has reaffirmed his administration’s commitment to expanding Nigeria’s financial technology sector, pledging to eliminate barriers that hinder business growth and innovation.
Speaking in Abuja on Saturday during a meeting with the leadership of Flutterwave and Alami Capital, Tinubu emphasized that Nigeria remains open for business, with a focus on strengthening its digital economy and financial services sector.
Tinubu: Nigeria’s Fintech Market Holds Massive Potential
The president highlighted the vast potential of Nigeria’s fintech market, noting that the country has one of the fastest-growing digital economies in Africa. With increasing mobile penetration and a young, tech-savvy population, he said Nigeria is well-positioned to lead the continent’s digital finance revolution.
“The leadership Flutterwave provides in the digital world is what Nigeria needs today to grow its economy and make life easier for its people,” Tinubu stated.
He commended Flutterwave’s impact on financial inclusion, job creation, and digital payment infrastructure, stressing that fintech companies are crucial to Nigeria’s economic diversification.
Accompanying the Flutterwave delegation, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, noted that the fintech firm has significantly contributed to Nigeria’s digital finance ecosystem, helping to bridge financial gaps and enhance payment solutions across Africa.
Other key officials present included Oluseun Olufemi-White, CEO of Alami Capital; Dr. Armstrong Ume Takang, Managing Director of the Ministry of Finance Incorporated (MOFI); and Dr. Inuwa Kashifu Abdullahi, Director General of the National Information Technology Development Agency (NITDA).
Flutterwave’s NGX Listing to Boost Nigeria’s Financial Market
Flutterwave CEO Olugbenga Agboola revealed that the company, now valued at over $3 billion, is preparing for a listing on the Nigerian Exchange (NGX). He sought the president’s support in facilitating the process, highlighting the company’s commitment to strengthening Nigeria’s financial market.
With its planned NGX listing, Flutterwave is set to attract more investment into Nigeria’s fintech sector, reinforcing the country’s position as Africa’s leading hub for digital financial services.
