Ex-President Koroma: Flutterwave's Global Growth Signals Africa's Financial Inclusion
Koroma: Flutterwave Expansion Shows Africa's Financial Inclusion

Former Sierra Leone Leader Highlights Nigeria's Continental Role at Flutterwave Anniversary

Former Sierra Leone President Ernest Bai Koroma has emphasized Nigeria's historic responsibility in steering Africa's advancement, stating that the nation's economic and technological triumphs fundamentally shape the continent's future. Speaking at Flutterwave's 10th anniversary Gala Night at The Delborough Lagos, Koroma framed the fintech company's expansion as a pan-African achievement rather than merely a Nigerian success story.

Nigeria's Influence on Regional Innovation and Leadership

Koroma detailed how innovation originating from Nigeria creates widespread ripple effects throughout the Economic Community of West African States (ECOWAS) and broader African regions. He reflected on his personal leadership journey, crediting former Nigerian President Olusegun Obasanjo with providing crucial mentorship and political support that contributed to what he described as a "remarkable impact" during his Sierra Leone presidency.

The former president also acknowledged Lagos State Governor Babajide Sanwo-Olu, praising the state's established role as a central hub for enterprise and technological innovation. However, Koroma's primary focus remained on the larger African narrative, asserting that milestones like Flutterwave's anniversary provide concrete evidence of the continent's growing global competitiveness.

Demographic Weight and Continental Optimism

"Out of every four black people in the world, one is a Nigerian. If Nigeria gets it right, it will affect all of us," Koroma stated, highlighting the country's substantial demographic and economic influence within Africa. He acknowledged that Africa currently faces a complex and unpredictable geopolitical landscape but expressed strong optimism that indigenous companies like Flutterwave demonstrate tangible progress toward realizing the African Union's Agenda 2063 vision.

Financial Inclusion Through Digital Payment Platforms

Koroma specifically noted that Flutterwave's expansion into international markets signifies deeper financial inclusion across Africa. He explained that digital payment platforms are effectively addressing persistent challenges including limited financial penetration, cross-border transaction barriers, and trust deficits within financial systems.

"This is not a small occasion," Koroma emphasized, urging Africans to celebrate and promote such achievements on global platforms, including at multilateral institutions. He insisted that African innovation must no longer be underestimated, asserting that the continent possesses the capacity not only to meet international standards but to compete at the highest global levels.

Celebrating a Decade of Fintech Leadership

In his concluding remarks, the former Sierra Leonean leader congratulated Flutterwave founder and CEO Olugbenga Agboola, expressing confidence that the company's first decade represents just the beginning of even greater continental and international influence. Koroma's address reinforced the interconnected nature of African progress, where Nigerian technological breakthroughs serve as catalysts for broader regional development and financial empowerment.