In a significant boost to Nigeria’s financial technology (fintech) sector, President Bola Ahmed Tinubu has pledged his administration’s support for businesses providing payment infrastructure services for Nigerians and Africans.
This commitment was made during a meeting with the leadership of Flutterwave and Alami Capital in Abuja on Saturday.
Tinubu acknowledged Nigeria’s openness to business, assuring his determination to remove obstacles and enable companies to thrive.
He commended Flutterwave’s commitment to building capacity in the digital economy sector, driven by energetic young Nigerians.
“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,” Tinubu said.
Mr. Olugbenga Agboola, Flutterwave’s CEO, point out the company’s achievements, including making it easy for Nigerians to pay for global services with naira and providing payment platforms for Nigerians in the diaspora.
“Flutterwave, valued at over $3 billion, is a Nigerian export and brand employing over 1,000 Nigerians,” Agboola said, as he solicited the President’s support for the company’s listing on the Nigerian Exchange.
Minister of Finance and Coordinating Minister of the Economy Wale Edun, commended Flutterwave’s significant progress over the past decade, creating jobs and diversifying the economy through innovative digital platforms and payment services.
Armstrong Ume Takang, the Managing Director and Chief Executive of the Ministry of Finance Incorporated (MOFI), noted the need for Nigeria to demonstrate its economic prowess by strategically positioning products and services like Flutterwave in African homes.
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