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Tinubu Pledges Support for Fintech as Flutterwave Eyes Nigerian Exchange Listing

Stanley Uhegbu by Stanley Uhegbu
February 23, 2025
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PRESIDENT TINUBU: SECURITY, JOB CREATION, POVERTY REDUCTION TOP PRIORITIES OF 2024 BUDGET

Photo Credit: Elan Pics

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President Bola Tinubu has reaffirmed his administration’s commitment to supporting financial technology companies that enhance payment infrastructure for Nigerians and Africans.

Speaking in Abuja on Saturday, Tinubu met with the leadership of Flutterwave and Alami Capital, alongside Minister of Finance Wale Edun and other key government officials. He praised Flutterwave, a Lagos-based fintech giant operating in over 30 countries, for its contributions to the digital economy and job creation.

Flutterwave CEO Olugbenga Agboola disclosed the company’s plans to list on the Nigerian Exchange and sought government backing. He emphasized Flutterwave’s role in enabling Nigerians to make global payments in Naira and facilitating diaspora remittances.

Dr. Armstrong Ume Takang, head of the Ministry of Finance Incorporated (MOFI), urged support for local hosting services like Galaxy Backbone to retain revenue within Nigeria.

Tinubu reiterated his commitment to eliminating obstacles for businesses, emphasizing that Nigeria remains open for investment and innovation.

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