By Ayomide Otitoju
President Bola Tinubu has reaffirmed his administration’s commitment to supporting financial technology companies that provide payment infrastructure services for Nigerians and Africans.
Speaking on Saturday in Abuja while receiving the leadership of Flutterwave and Alami Capital, the President emphasized his resolve to remove obstacles hindering business growth and foster an enabling environment for companies to thrive.
The delegation, led by Minister of Finance and Coordinating Minister of the Economy Wale Edun, included 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).
Representing Flutterwave at the meeting were its CEO Olugbenga Agboola, alongside key executives Adeleke Adekoya, Oluwabankole Falade, and Mitesh Popat. Alami Capital was represented by its CEO, Oluseun Olufemi-White.
President Tinubu praised Flutterwave’s strides in the digital economy, highlighting its role in creating employment and expanding Nigeria’s technological footprint. “Nigeria is genuinely open for business, and I am determined to ensure that companies like Flutterwave can thrive without unnecessary hindrances,” he stated.
Minister Edun commended Flutterwave’s impact over the past decade, noting its role in job creation and economic diversification through digital payment solutions. Agboola, in turn, detailed the company’s contributions, including facilitating global transactions in Naira, supporting remittances from Nigerians in the diaspora, and employing over 1,000 Nigerians.
With a current valuation exceeding $3 billion, Flutterwave is eyeing a listing on the Nigerian Exchange (NGX) and sought President Tinubu’s backing for the move.
The meeting underscores the administration’s broader agenda to strengthen Nigeria’s fintech ecosystem, positioning the country as a hub for digital financial services across Africa.
