Moniepoint Strengthens Commitment to Nigeria’s Digital Economy Agenda

Moniepoint Inc. has reinforced its position as a leading player in Nigeria’s drive toward a digital economy through a combination of strategic initiatives focused on innovation, capacity building, and financial inclusion. The fintech company continues to play a crucial role in supporting the Federal Government’s vision of using technology to drive sustainable economic growth, enhance productivity, and improve access to digital financial services across all regions of the country.

One of Moniepoint’s most notable efforts is its DreamDevs Bootcamp, a training initiative designed to bridge the gap between academia and the rapidly evolving tech industry. The program equips young Nigerian graduates with practical software engineering and product development skills, enabling them to become key contributors to the country’s growing digital ecosystem. Participants are trained in programming languages, user interface design, and emerging technologies such as artificial intelligence and cloud computing. Through mentorship from Moniepoint’s in-house experts, graduates gain the technical and entrepreneurial skills necessary to thrive in a competitive digital environment.

By investing in local talent, Moniepoint is contributing to one of the key pillars of Nigeria’s National Digital Economy Policy and Strategy (NDEPS)—human capital development. The company’s vision aligns with the government’s goal of creating a knowledge-based economy that is powered by skilled professionals capable of driving innovation from within.

Beyond human capacity building, Moniepoint has also made significant strides in financial inclusion. The company has extended digital financial services to millions of Nigerians, particularly small and medium-sized enterprises (SMEs) that form the backbone of the economy. Through strategic partnerships, Moniepoint provides affordable and accessible banking services to business owners in remote and underserved communities. This includes easy-to-use mobile banking platforms, point-of-sale terminals, and micro-lending options that help businesses access working capital and expand their operations.

In partnership with organizations like the Nigerian-British Chamber of Commerce (NBCC), Moniepoint has supported thousands of MSMEs by providing them with financing options, digital payment solutions, and training programs to help improve their financial management. These efforts have contributed to strengthening Nigeria’s informal sector, which remains one of the largest in Africa and a vital part of the national economy.

The fintech company has also been instrumental in driving digital payments innovation. Its collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) to distribute AfriGO cards and expand contactless payment solutions demonstrates a commitment to promoting a cashless economy. This aligns with the Central Bank of Nigeria’s broader objective of increasing digital transactions and reducing dependency on cash. Moniepoint’s extensive agent network ensures that digital payment infrastructure reaches every corner of the country, bridging the gap between the formal financial system and the millions who remain excluded from it.

Another major step in Moniepoint’s support for the digital economy agenda is its focus on data-driven research and financial literacy. The company’s “Informal Economy Report” has provided critical insights into how small businesses and traders operate, what challenges they face, and how technology can help improve their resilience. The upcoming second edition of the report is expected to guide policymakers, regulators, and investors in developing targeted solutions for the informal sector.

Speaking on the company’s long-term vision, Moniepoint’s leadership emphasized that Africa’s financial growth must be locally driven through indigenous innovation, contextual understanding, and sustainable digital solutions. The company’s campaign, “We’re Made for Your Progress,” captures this vision by emphasizing financial accessibility, reliability, and empowerment for every Nigerian, regardless of location or background.

Moniepoint’s contributions have not gone unnoticed. The company has received multiple industry awards for excellence in digital banking and financial technology, including recognition for its corporate banking solutions and digital wallet innovations. These accolades highlight the fintech’s continued leadership in designing scalable, secure, and inclusive systems that cater to Nigeria’s evolving financial landscape.

Despite its progress, Moniepoint acknowledges several challenges ahead. Expanding into rural and low-connectivity areas, improving user trust in digital systems, and ensuring the security of financial data remain critical priorities. Moreover, the fintech sector continues to operate in a dynamic regulatory environment, requiring constant adaptation and collaboration with government agencies to ensure compliance while fostering innovation.

Nevertheless, Moniepoint’s approach—anchored in technology, research, and inclusivity—positions it as a key driver of Nigeria’s ongoing transition to a digitally empowered economy. The company’s initiatives have not only improved access to finance but have also contributed to building a resilient digital infrastructure capable of supporting economic diversification and long-term growth.

As Nigeria continues to advance its digital transformation agenda, Moniepoint’s proactive engagement demonstrates how private sector innovation can complement government policy in achieving shared national objectives. Through strategic partnerships, digital innovation, and a strong commitment to human capital development, Moniepoint is helping shape the future of Nigeria’s financial and technological ecosystem—proving that a well-structured digital economy can unlock prosperity for millions of citizens and create new opportunities across sectors.