President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to supporting financial technology (fintech) companies in Nigeria, emphasizing the importance of fostering digital payment infrastructure across Africa.

Speaking at a meeting with the leadership of Flutterwave and Alami Capital in Abuja on Saturday, President Tinubu assured fintech operators of his administration’s resolve to eliminate obstacles hindering business growth in Nigeria.

“Nigeria is genuinely open for business. As President, I am determined to remove all barriers to ensure companies thrive,” he said.

Flutterwave, a Nigerian-founded fintech giant operating across Africa, the U.S., and Canada, was represented at the meeting by CEO Olugbenga Agboola, co-founder Adeleke Adekoya, Oluwabankole Falade, and Mitesh Popat. Alami Capital was represented by its CEO, Oluseun Olufemi-White.

The delegation was led by Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and included Dr. Armstrong Ume Takang, Managing Director of the Ministry of Finance Incorporated (MOFI), and Dr. Inuwa Kashifu Abdullahi, Director General of the National Information Technology Development Agency (NITDA).

President Tinubu praised Flutterwave’s role in expanding Nigeria’s digital economy, describing its work as a testament to the ingenuity of young Nigerians.

“The leadership Flutterwave provides in the digital space is exactly what Nigeria needs to grow its economy and improve the lives of its citizens,” Tinubu noted.

Minister Edun highlighted Flutterwave’s impact over the past decade, noting its contributions to job creation, economic diversification, and digital payment solutions across Africa.

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CEO Olugbenga Agboola revealed that Flutterwave, now valued at over $3 billion, has facilitated seamless naira payments for global services and provided remittance platforms for Nigerians in the diaspora.

He also announced the company’s intention to list on the Nigerian Exchange and sought the President’s backing for the move.

Dr. Armstrong Ume Takang of MOFI stressed the need for Nigeria to assert its economic influence by promoting homegrown fintech solutions across Africa.

He further suggested that Flutterwave, which spends millions of dollars monthly on foreign hosting services, should be supported in migrating to Nigeria’s Galaxy Backbone hosting platform, ensuring more economic benefits remain within the country.

The meeting underscored the administration’s commitment to positioning Nigeria as a global fintech hub while fostering local innovation and investment.