Flutterwave, a leading payment giant, has sought and received President Bola Ahmed Tinubu’s support for its upcoming listing on the Nigerian Exchange (NGX). The company’s leadership, during a meeting in Abuja, highlighted its impact on Nigeria’s digital economy and plans for local and global expansion. This was disclosed on Saturday by Bayo Onanuga, Special Adviser to the President on Information and Strategy.

Led by CEO Olugbenga Agboola, alongside co-founder Adeleke Adekoya and executives Oluwabankole Falade and Mitesh Popat, Flutterwave’s delegation highlighted the company’s journey since its inception a decade ago. Representing Alami Capital at the meeting was CEO Ms. Oluseun Olufemi-White. The delegation was introduced by Mr. Wale Edun, Minister of Finance and Coordinating Minister of the Economy, and joined by Dr. Armstrong Ume Takang, Managing Director and CEO of the Ministry of Finance Incorporated (MOFI), and Dr. Inuwa Kashifu Abdullahi, Director General and CEO of the National Information Technology Development Agency (NITDA).

During the meeting, CEO Olugbenga Agboola emphasized Flutterwave’s pivotal role in facilitating digital payments across Nigeria, Africa, and beyond. The company enables Nigerians to pay for global services using Naira and provides seamless platforms for Nigerians in the diaspora to remit money home. With operations in 33 countries, including the United States, Canada, Kenya, Ghana, and South Africa, Flutterwave is valued at over $3 billion and employs more than 1,000 Nigerians.

Agboola stated that the company’s next milestone is to list on the Nigerian Exchange, marking a significant step in its growth trajectory. He appealed to President Tinubu for government support to facilitate this listing, which would enhance Flutterwave’s visibility and attract more investors while reinforcing Nigeria’s position as a hub for fintech innovation.

“We are proud to be a Nigerian brand that has achieved global recognition. Our listing on the Nigerian Exchange will not only boost our growth but also inspire other homegrown startups to strive for global success,” Agboola said.

President Tinubu responded positively, reaffirming his administration’s commitment to creating an environment where businesses can thrive. He praised Flutterwave for its contributions to the digital economy and emphasized the government’s dedication to removing barriers that hinder business growth. “The leadership you provide in the digital world is what Nigeria needs to grow its economy and improve the lives of its citizens,” the President said.

Minister Wale Edun acknowledged Flutterwave’s impact on job creation and economic diversification, noting that the company’s innovative platforms have transformed digital payments across Africa. He expressed confidence that Flutterwave’s listing on the NGX would further strengthen Nigeria’s capital markets and attract more investors to the country.

Dr. Armstrong Ume Takang of MOFI emphasized the need to support Nigerian companies like Flutterwave to expand their footprint across Africa. He noted that Flutterwave currently spends millions of dollars monthly on hosting services outside Nigeria, suggesting that local providers like Galaxy Backbone could be empowered to meet such needs, thereby retaining revenue within the country and boosting the local tech ecosystem.

As Flutterwave prepares for its NGX listing, the company remains committed to driving financial inclusion and digital transformation across Africa. With the support of President Tinubu’s administration, Flutterwave aims to unlock new growth opportunities, cementing its position as a leading African fintech powerhouse.