Obasanjo Applauds Flutterwave Founder Agboola for Entrepreneurial Vision
Former Nigerian President Olusegun Obasanjo has publicly commended Olugbenga Agboola, the founder and CEO of Flutterwave, for his exceptional ability to identify and maximize economic opportunities. Speaking at Flutterwave's 10th-anniversary gala in Lagos, Obasanjo described the company as Africa's largest and most influential fintech firm, highlighting Agboola's role in its success.
Gala Event Unites Leaders Across Sectors
The gala, held at The Delborough Lagos, brought together a diverse array of prominent figures, including political leaders, senior business executives, and cultural icons. This gathering celebrated Flutterwave's decade-long journey and its significant impact on digital financial services across the continent. The event served as a platform to reflect on the company's growth from its inception to its current status as a fintech powerhouse.
Obasanjo Links Success to Telecoms Reforms
In his address, Obasanjo emphasized the importance of recognizing and acting on opportunities as a key driver of entrepreneurial achievement. He noted that Agboola exemplifies this quality, stating, "Many people don't get that type of opportunity," and stressing that progress often hinges on the ability to seize emerging prospects. Furthermore, Obasanjo connected Flutterwave's rise to economic reforms implemented during his presidency, particularly the auctioning of GSM licenses in the telecommunications sector. He explained that these reforms not only generated substantial revenue for Nigeria but also laid the groundwork for the expansion of information and communications technology, enabling fintech and other digital ventures to thrive.
From Payments Challenge to Continental Leader
Obasanjo concluded by praising Agboola's entrepreneurial drive and Flutterwave's transformation from a startup focused on solving cross-border payment challenges into a dominant force in African fintech. He highlighted how Agboola's innovative approach demonstrates that African technology companies can compete globally when vision is paired with effective execution. This recognition underscores the broader potential for tech growth in Nigeria and across the continent.
Flutterwave's Strategic Expansion
In related developments, Flutterwave has recently made strategic moves to enhance its capabilities. The company acquired Mono, a Nigerian open banking startup, in a deal celebrated within the fintech sector. This acquisition expands Flutterwave's offerings in areas such as financial data access, identity verification, and bank-to-bank payments, marking a significant step in strengthening its financial infrastructure and positioning it for future growth.
