The Minister of Foreign Affairs, Amb. Yusuf Tuggar, has praised Moniepoint as a true Nigerian success story, describing it as a “fintech unicorn with a multibillion-dollar valuation.”
He gave the commendation during his visit to Moniepoint Inc.’s United Kingdom (UK) offices, as part of efforts to boost investor confidence in Nigeria’s growing fintech sector.
In a statement on Monday, Moniepoint said Tuggar’s visit formed part of a high-level working trip to the UK aimed at strengthening diplomatic and economic ties.
The visit underscores Nigeria’s commitment to fostering innovation, expanding strategic cooperation, and driving economic growth through its thriving fintech ecosystem.
Tuggar highlighted Moniepoint’s remarkable expansion, noting its workforce of over 2,000 employees, thousands of sales personnel, and its role in empowering millions of businesses through financial inclusion.
“Nigeria holds a strong position in the fintech and financial services sector.
“With banks and fintech firms operating across Africa, we must continue instilling confidence in Nigerian businesses as they expand globally. Moniepoint exemplifies our fintech sector’s strength,” he said.
The minister acknowledged the global investment Moniepoint has attracted, including support from Google’s Africa Investment Fund, Visa, and BII, reinforcing its status in the fintech space.
He added that a thriving fintech sector translates into job creation, greater financial inclusion, and a stronger economy for Nigeria.
In his remarks, Moniepoint Inc. CEO, Tosin Eniolorunda, reaffirmed the firm’s commitment to empowering business owners and promoting financial well-being across Africa.
Eniolorunda said Nigeria’s dynamic digital landscape offers unique opportunities to harness technology for meaningful change, positioning Moniepoint at the forefront of this transformation.
“By equipping individuals and businesses with innovative financial tools, we believe technology can drive economic growth and social progress.
“This visit by Amb. Yusuf Maitama Tuggar highlights the importance of cross-border collaboration and the strengthening of Nigeria’s global partnerships,” he said.
He stressed the role of international cooperation in advancing innovation, particularly within the fintech sector, to unlock new opportunities.
“As a nation, Nigeria has immense potential. Through strategic alliances with global stakeholders, we can create benefits for both local and international communities,” he said.
According to him, Moniepoint aligns with the Nigerian government’s vision to enhance cooperation in trade, investment, and technology.
He added that the company remains committed to developing Nigeria’s digital economy and fostering partnerships that will create a lasting legacy.
(NAN)
