Tinubu Backs Fintech Firms As Flutterwave Seeks Listing On NGX
President Bola Tinubu stated that his administration will assist enterprises in the financial technology industry that provide payment infrastructure services to Nigerians and Africans.
According to presidential spokesman Bayo Onanuga, he made the statement when receiving the leadership of Flutterwave and Alami Capital in Abuja on Saturday afternoon. Flutterwave’s CEO, Olugbenga Agboola, and key corporate stakeholders Adeleke Adekoya, Oluwabankole Falade, and Mitesh Popat represented the fintech firm at the meeting, while Oluseun Olufemi-White represented Alami Capital as CEO.
Wale Edun, Minister of Finance and Coordinating Minister for the Economy, headed the group to meet with President Tinubu. Dr. Armstrong Ume Takang, Managing Director and Chief Executive of the Ministry of Finance Incorporated (MOFI), and Dr. Inuwa Kashifu Abdullahi, Director General/CEO of the National Information Technology Development Agency (NITDA), were also present.
President Tinubu stated that Nigeria is genuinely open to business, and as President, he is determined to remove all barriers to allowing businesses to prosper.
He praised Flutterwave’s dedication to developing capacity in the digital economy sector, particularly because it is being driven by young, energetic Nigerians.
He stated that he is pleased to be the president of a country with such a young and resourceful populace. He stated that the digital leadership provided by Flutterwave is exactly what Nigeria requires today to expand its economy and improve the lives of the majority of its citizens.
Edun stated that Flutterwave has achieved great growth since its inception ten years ago. It has created jobs and contributed to economic diversification in Nigeria and throughout Africa by offering new digital platforms and payment systems.
Agboola stated that the company has made it simple for Nigerians to pay for some worldwide services in Naira, as well as given payment platforms for Nigerians in the diaspora who want to send money to family and relatives in the country.
He stated that Flutterwave, valued at more than $3 billion, is a Nigerian export and brand that employs over 1,000 Nigerians. He stated that the company wishes to be listed on the Nigerian Exchange and requested the President’s cooperation.