Tinubu Vows to Remove All Obstacles for Businesses to Thrive

By Adedapo Adesanya

President Bola Tinubu has assured that his administration would support businesses, particularly those in the financial technology sector that provide payment infrastructure services for Nigerians and Africans.

According to the presidential spokesman, Mr Bayo Onanuga, the President said this when he received the representatives from the sector, particularly the leadership of Flutterwave and Alami Capital in Abuja over the weekend.

Flutterwave boss, Mr Olugbenga Agboola and other stakeholders, including the chief executive of Alami Capital, Ms Oluseun Olufemi-White; the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun; the chief executive of the Ministry of Finance Incorporated (MOFI), Mr Armstrong Ume Takang; and the chief executive of the National Information Technology Development Agency (NITDA), Mr Inuwa Kashifu Abdullahi, were at the meeting.

President Tinubu said Nigeria is genuinely open to business, expressing his determination 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.

Mr 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.

Mr 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, adding that the company is working towards its listing on the Nigerian Exchange (NGX) Limited soon.