Nigeria’s fintech sector just got a major boost as President Bola Tinubu reaffirmed his administration’s commitment to supporting businesses driving digital payments across Africa. The President made this declaration on Saturday when he met with executives from Flutterwave and Alami Capital at the Presidential Villa in Abuja.
Flutterwave, a fast-growing fintech company founded by young Nigerians, is gearing up for a listing on the Nigerian Exchange. With operations in over 30 African countries, as well as the U.S. and Canada, the company has played a crucial role in expanding digital payment solutions across the continent.
At the meeting, President Tinubu assured fintech leaders that his government is committed to removing barriers that hinder business growth. He praised Flutterwave’s impact on Nigeria’s digital economy, emphasizing that young, innovative entrepreneurs are key to the country’s economic transformation.
“I am honored to lead a nation with such a dynamic and resourceful youth population,” Tinubu said. “The leadership Flutterwave is showing in the digital space is exactly what Nigeria needs to drive economic growth and improve lives.”
The meeting was attended by key figures, including Flutterwave’s CEO Olugbenga Agboola, Co-founder Adeleke Adekoya, and senior executives Oluwabankole Falade and Mitesh Popat. Representing Alami Capital was CEO Oluseun Olufemi-White. They were accompanied by Minister of Finance and Coordinating Minister of the Economy, Wale Edun, as well as Dr. Armstrong Ume Takang of the Ministry of Finance Incorporated (MOFI) and Dr. Inuwa Kashifu Abdullahi, Director-General of NITDA.
Minister Wale Edun highlighted Flutterwave’s decade-long journey, noting its role in job creation and economic diversification through digital payment innovations.
With government backing and a potential stock market debut on the horizon, Flutterwave’s next chapter could mark a new era for Nigeria’s fintech industry.
