President Bola Tinubu on Saturday assured financial technology companies of his administration`s resolve to remove all obstacles against their operations in the country and to allow companies to thrive.
Receiving the leadership of Flutterwave and Alami Capital in Abuja, Tinubu said Nigeria is genuinely open to business, adding that his administration will support businesses in the financial technology sector that provide payment infrastructure services for Nigerians and Africans.
Flutterwave, is a Fintech company founded by some young Nigerians with headquarters in Lagos, and operates in the U.S., Canada, Nigeria, Kenya, Uganda, Ghana, South Africa, and 29 other African countries.
He commended Flutterwave’s commitment to building capacity in the digital economy sector, especially as it is being made possible by energetic, young Nigerians. He said he is honoured to be the President of a country with such a youthful and resourceful population.
He said 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.
Leading the delegation, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said Flutterwave has made significant progress since its establishment 10 years ago.
According to him, the organisation has created jobs and helped diversify the economy by providing innovative digital platforms and payment services in Nigeria and across Africa.
On his part, Flutterwave CEO, Olugbenga Agboola, said the company has made it easy for Nigerians to pay for some global services with Naira and provided payment platforms for Nigerians in the diaspora who are willing to send money to families and relatives in the country.
Adeleke Adekoya, a co-founder; Oluwabankole Falade and Mitesh Popat, represented Flutterwave at the meeting. Ms Oluseun Olufemi-White represented Alami Capital as its CEO.
He said Flutterwave, valued at over $3 billion, is a Nigerian export and brand employing over 1,000 Nigerians.
He said the company seeks to be listed on the Nigerian Exchange and solicited the President’s support.
The Managing Director and Chief Executive of MOFI, Dr. Armstrong Ume Takang, said that as Africa’s biggest economy, Nigeria must demonstrate its economic prowess by strategically positioning products and services by Nigerian companies, such as Flutterwave, in the homes of all Africans.
He said Flutterwave spends millions of dollars monthly on hosting services, but that money goes to other countries.
He suggested supporting Galaxy Backbone’s hosting services to enable it to handle companies like Flutterwave.
