- As Tinubu commits to fintech sector growth
BY BONNY AMADI
Nigerian, global financial technology (Fintech) company, Flutterwave announced that the company is committed to listing its shares on the official list of the NGX Exchange market, to offer Nigerians opportunity to reap form the company’s growth.
The company, Flutter- wave, valued at over $3 billion, is a Nigerian export and brand currently employing over 1,000 Nigerians,” the CEO said.
The company’s commitment to listing on the NGX was made public by Olugbenga Agboola, Flutterwave’s chief executive officer (CEO) during a recent meeting with Nigerian President, Bola Ahmed Tinubu, in Abuja, with Flutterwave’s team and Flutterwave and Alami Capital.
Agboola also said, “The Company seeks to be listed on the Nigerian Exchange and solicited the President’s support”.
Meanwhile, President Tinubu has reassured that his administration will support businesses in the financial technology (fintech) sector that provide payment infrastructure services for Nigerians and Africans.
The president gave the assurance on weekend after a meeting with the leadership of Flutterwave and Alami Capital in Abuja, a statement by Bayo Onanuga, his special adviser on information and strategy, disclosed.
Olugbenga Agboola, Flutterwave’s chief executive officer (CEO); Adeleke Adekoya, its cofounder; Oluwabankole Falade, the chief regulatory officer; Mitesh Popat, the chief financial officer of the firm, as well as Oluseun Olufemi-White, CEO of Alami Capital, were reported to have attended the meeting.
Also present at the meeting were Wale Edun, minister of finance and coordinating minister of the economy; Armstrong Ume Takang, managing director and chief executive of the ministry of finance incorporated (MOFI), and Inuwa Abdullahi, director-general of the National Information Technology Development Agency (NITDA).
Tinubu, at the meeting gave the assurance that his government is genuinely open to businesses, guaranteeing that his determination to remove all obstacles mitigating growth of companies.
He commended Flutterwave’s commitment to building capacity in the digital economy sector, especially as it is being made possible by energetic, young Nigerians.
According to the statement, Tinubu said he is honoured to be the president of a country with such a youthful and resourceful population.
“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,” the president was quoted as saying.
On his part, Edun said Flutterwave has made significant progress since its establishment 10 years ago.
“It has created jobs and helped diversify the economy by providing innovative digital platforms and payment services in Nigeria and across Africa,” he said.
Takang said 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.
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