Sanwo-Olu and Ndukwe Laud Flutterwave as Nigeria's Global Fintech Success
Lagos State Governor Babajide Sanwo-Olu and MTN Nigeria Board Chairman Dr. Ernest Ndukwe have hailed Flutterwave as a premier example of an international company made in Nigeria, celebrating its remarkable achievements over the past decade. The accolades were delivered during Flutterwave's 10th anniversary gala night, held at the prestigious The Delborough Lagos, which attracted prominent leaders including former Presidents Olusegun Obasanjo of Nigeria and Ernest Bai Koroma of Sierra Leone.
Ndukwe Traces Nigeria's Digital Evolution
Dr. Ernest Ndukwe, a key figure in Nigeria's telecommunications sector, traced the nation's digital journey from the era of long queues at NITEL offices to the emergence of globally competitive fintech firms like Flutterwave. He described the company as "an international company made in Nigeria", emphasizing its growing influence in the global payments ecosystem. Ndukwe highlighted that Flutterwave's ability to meet international standards demonstrates the strength of local enterprise when supported by appropriate policy environments.
He expressed admiration for Flutterwave's growth over the past ten years, calling its achievements remarkable. Ndukwe concluded with confidence in the company's trajectory, assuring continued industry support as it expands its footprint across Africa and beyond. His remarks underscored the transformative impact of fintech on Nigeria's economic landscape.
Sanwo-Olu Commends $50 Billion Transaction Milestone
Governor Babajide Sanwo-Olu praised Flutterwave for processing over $50 billion in transactions across 36 countries, a feat accomplished in just ten years. He commended founder and CEO Olugbenga Agboola (GB) for revolutionizing payment infrastructure and creating a platform that empowers businesses and individuals. Sanwo-Olu emphasized the importance of empowering young Nigerians to achieve global excellence, stating, "We must give young Nigerians the opportunity to fly."
The governor urged the nation to harness its talents and support innovative ventures that can position Nigeria as a global leader. He called for sustained investment in infrastructure and education to ensure Nigeria's youth can fully realize their potential and contribute meaningfully to national development. Sanwo-Olu's comments highlighted the critical role of youth empowerment in driving economic growth.
Obasanjo Links Success to Telecoms Reforms
Former President Olusegun Obasanjo, who attended the gala, linked Flutterwave's rise to telecoms reforms implemented during his administration. He praised Agboola for recognizing and maximizing economic opportunities, noting that such entrepreneurial spirit is essential for Nigeria's progress. The event brought together political leaders, business executives, and cultural figures, reflecting Flutterwave's broad impact.
Obasanjo's remarks underscored the importance of policy continuity and reform in fostering innovation. His presence, along with that of former Sierra Leonean President Ernest Bai Koroma, added international prestige to the celebration, highlighting Flutterwave's cross-border influence.
Strategic Acquisition and Future Prospects
Flutterwave's recent strategic developments include the acquisition of Nigerian open banking startup Mono, a move celebrated in the fintech sector. This acquisition expands Flutterwave's offerings in financial data access, identity verification, and bank-to-bank payments, representing one of the notable exits in Nigeria's fintech landscape. It enhances the company's financial infrastructure capabilities, positioning it for further growth.
The gala night served as a testament to Flutterwave's journey from a startup to a global player, processing billions in transactions and employing hundreds. As Nigeria continues to embrace digital transformation, Flutterwave stands as a beacon of what local talent, supported by conducive policies, can achieve on the world stage.
