Nigeria’s journey toward a fully digital economy just got a major boost as fintech giant Flutterwave joins forces with the National Information Technology Development Agency (NITDA) to drive digital adoption among businesses, particularly small and medium-sized enterprises (SMEs).
The partnership aims to tackle the slow adoption of digital solutions among Nigerian SMEs—an issue that has limited their growth and global competitiveness. Through this collaboration, Flutterwave and NITDA will promote digital literacy, encourage fintech innovation, and align with the National Digital Economy Policy and Strategy (NDEPS) to fast-track Nigeria’s transition into a thriving digital ecosystem.
Despite the rapid evolution of digital payments, many SMEs in Nigeria still rely on traditional business models that make scaling difficult. Limited access to secure financial solutions and reluctance to embrace digital payments prevent them from fully participating in the global economy. Recognizing this challenge, Flutterwave and NITDA are stepping in to provide businesses with the tools and expertise needed to make the digital leap.
Speaking on the partnership, Flutterwave’s Founder and CEO, Olugbenga ‘GB’ Agboola, emphasized the importance of empowering small businesses:
“Many small businesses in Nigeria struggle to fully embrace digital solutions, and we believe that by providing seamless and secure payment technologies, we can empower them to scale with confidence. This partnership with NITDA reinforces our dedication to encouraging a truly inclusive digital economy.”
NITDA’s Director General and CEO, Kashifu Inuwa Abdullahi, echoed this sentiment, highlighting the role of fintech in Nigeria’s economic growth:
“Flutterwave’s reputation for fintech innovation aligns perfectly with our vision for a thriving digital economy. Slow digital adoption among SMEs has hindered economic growth, and through this collaboration, we aim to provide businesses with the necessary resources to transition into the digital age.”
With this partnership, Nigeria is taking a bold step toward digital transformation, creating an environment where businesses can thrive through innovative financial solutions. As one of Africa’s leading payments technology firms, Flutterwave continues to enable businesses to expand across the continent and beyond, bridging the gap between local and global markets.
