Nigerian President Bola Ahmed Tinubu met with Flutterwave’s leadership to discuss strategies for youth empowerment, SME growth, and digital economy expansion.
Why it matters
The collaboration aims to enhance mentorship programs, expand access to startup funding, and promote digital innovation, aligning with Tinubu’s Renewed Hope Agenda focused on job creation and economic diversification.
Key details
- The meeting builds on a recent MoU between Flutterwave and the Federal Ministry of Youth Development to support young entrepreneurs.
- SMEs will gain better access to business funding, leadership training, and financial services through agencies like NYSC and CLTC.
- SMEDAN and Flutterwave are working together to provide digital payment solutions, working capital loans, and credit facilities for MSMEs.
- NITDA has partnered with Flutterwave to accelerate digital transformation for SMEs, reinforcing the need for stronger digital infrastructure.
What they’re saying
- Hon. Ayodele Olawande, Minister of Youth Development: “This initiative is key to equipping young Nigerians with entrepreneurial skills and financial opportunities.”
- Charles Odii, CEO of SMEDAN: “Strengthening digital payment solutions will help Nigerian businesses compete globally.”
- Olugbenga Agboola, CEO of Flutterwave: “Public-private partnerships are crucial for driving innovation and sustainable economic growth.”
The big picture
With digital payments and tech-driven solutions at the center of Nigeria’s economic expansion, the Tinubu administration is betting on public-private partnerships to empower youth and entrepreneurs in a rapidly evolving market.
