₦airaland Forum

PRESIDENT TINUBU PLEDGES SUPPORT FOR FINTECH COMPANIES AS FLUTTERWAVE SEEKS LISTING ON THE NIGERIAN EXCHANGE

President Tinubu said his administration will support businesses in the financial technology sector that provide payment infrastructure services for Nigerians and Africans.
 
He said this when he received the leadership of Flutterwave and Alami Capital in Abuja on Saturday afternoon.
 
Flutterwave, a leading Fintech company founded by young Nigerians and headquartered in Lagos, operates in the U.S., Canada, Nigeria, Kenya, Uganda, Ghana, South Africa, and 29 other African countries. 
 
Olugbenga Agboola, the CEO; 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.
 
Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun led the delegation to meet President Tinubu. Dr. Armstrong Ume Takang, the Managing Director and Chief Executive of the Ministry of Finance Incorporated (MOFI), and Dr. Inuwa Kashifu Abdullahi, the Director General/ Chief Executive Officer of the National Information Technology Development Agency (NITDA), also attended.
 
President Tinubu said Nigeria is genuinely open to business, and as President, he is determined to remove all obstacles to allow companies to thrive.
 
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.
 
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale 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.
 
The CEO of Flutterwave, 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. 
 
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.
 
Bayo Onanuga
Special Adviser to the President
(Information & Strategy)
February 22, 2025

mrjoeblinks:
Ehen ?
.
None of our presidents dey ever wear suit

mrjoeblinks:
Ehen ?
.
None of our presidents dey ever wear suit

naptu2:

https://www.youtube.com/watch?v=nc-HkBcrOM0?si=lclOLAESdAslkt-K

Daddy D.O.🇳🇬 @DOlusegun



https://x.com/DOlusegun/status/1893398208807637391?t=J0BmKvE-d8jzTRL7S-Kdag&s=19[/quote]Chams and eTranzact are two notable players in Nigeria's fintech and payment solutions space.

Chams is a leading Nigerian fintech company with over 38 years of experience in providing innovative technology solutions. They have four subsidiaries, including ChamsSwitch, CardCentre Nigeria Limited (CCNL), ChamsAccess, and ChamsMobile, each offering unique solutions for individuals and businesses.

On the other hand, eTranzact is a pioneering mobile banking and payment services company in Africa. They offer a range of services, including mobile payments, agency banking, and USSD services, making financial transactions more accessible and convenient.

Interestingly, both Chams and eTranzact have been recognized for their innovative solutions and contributions to Nigeria's fintech ecosystem. Chams has received awards such as the ICT Company of the Year, while eTranzact has been recognized as a leading fintech solutions provider.

In terms of their presence in the Nigerian stock market, Chams is listed on the Nigerian Stock Exchange (NSE), while eTranzact is also a publicly quoted company on the NSE.

Thundafireseun:
May God continue to Bless PBAT with Good health and strength to lead Nigeria until 2031….

Meanwhile I wish I could also have the opportunity to meet you someday sir …
Maybe I could bask from your wealth of knowledge

essentialone:
Chams and eTranzact are two notable players in Nigeria's fintech and payment solutions space.

Chams is a leading Nigerian fintech company with over 38 years of experience in providing innovative technology solutions. They have four subsidiaries, including ChamsSwitch, CardCentre Nigeria Limited (CCNL), ChamsAccess, and ChamsMobile, each offering unique solutions for individuals and businesses.

On the other hand, eTranzact is a pioneering mobile banking and payment services company in Africa. They offer a range of services, including mobile payments, agency banking, and USSD services, making financial transactions more accessible and convenient.

Interestingly, both Chams and eTranzact have been recognized for their innovative solutions and contributions to Nigeria's fintech ecosystem. Chams has received awards such as the ICT Company of the Year, while eTranzact has been recognized as a leading fintech solutions provider.

In terms of their presence in the Nigerian stock market, Chams is listed on the Nigerian Stock Exchange (NSE), while eTranzact is also a publicly quoted company on the NSE.

Didijiji:
you be chams staff?

Report talking about flutterwave you Dey here dey Cham up and down

straighttalk:
Opay has already dominated the market space. They need to do a lot more for Nigerians to feel their impact.

... wishing them well

mrjoeblinks:
Ehen ?
.
None of our presidents dey ever wear suit

straighttalk:
Opay has already dominated the market space. They need to do a lot more for Nigerians to feel their impact.

... wishing them well

balingaonline:
They are two different company with different offer, one is Fintech while the other one is payment gateway.

mrjoeblinks:
Ehen ?
.
None of our presidents dey ever wear suit

mrjoeblinks:
Ehen ?
.
None of our presidents dey ever wear suit

essentialone:
Just talking about those Fintechs already in the market. Or does the President also have selective amnesia like you do?