Africa’s Finance Will Be Decided Locally – Moniepoint

Moniepoint Microfinance Bank has said that the aboriginal of Africa’s fiscal strategy volition beryllium shaped wrong the continent, stressing that homegrown innovation, effectual regulation, and informed journalism are cardinal to gathering a sustainable economy.

The bank’s main executive, Babatunde Olofin, stated this astatine the 2025 yearly league of the Finance Correspondents Association of Nigeria (FICAN), themed “Bracing for the Digital Economy in   Nigeria: Taxation, Banking and Finance”.

Olofin, represented by Bamigo Awala, the Head of Corporate Communications, said Moniepoint is not chasing marketplace stock unsocial but is focused connected transforming lives by deepening entree to fiscal services.

Citing 1 of the bank’s customers, Olofin said a parent of 4 who mislaid her location successful Abuja and moved to Lagos to enactment arsenic a petty trader had been onboarded connected Moniepoint’s outgo level 2 years ago.

With entree to credit, she present runs 3 thriving shops and generates regular revenues that erstwhile looked unattainable.

“That is the powerfulness of access. That is the meaning of inclusion. Financial services should mean lone 1 thing: progress,” Olofin said.

He explained that Moniepoint’s caller campaign, “We’re Made for Your Progress,” reflects its broader ngo to powerfulness Africans’ dreams by leveraging exertion to present speed, trust, and simplicity.

The Moniepoint main stressed that the integer system is nary longer a futuristic thought but a lived reality, driven by mobile connectivity, unreality computing, and artificial intelligence. He noted, however, that for Africa to afloat harness the opportunities, 3 pillars indispensable beryllium prioritised: trust, talent, and literacy.

“Without knowledge, we are gathering connected sand,” helium warned. He added that the slope has rolled retired programmes specified arsenic its “Dream Developments” incubator to bid young Nigerians successful gathering fiscal solutions portion promoting fiscal literacy to defender against exclusion and misinformation.

Beyond accepted banking, Olofin disclosed that Moniepoint is extending its services into areas similar inventory absorption for tiny retailers, helping informal businesses way banal and amended profitability. The slope besides documents lawsuit studies crossed determination economies, including livestock and harvest markets successful bluish Nigeria, to amended recognize section challenges.

He insisted that Silicon Valley cannot dictate Africa’s fiscal aboriginal but volition beryllium defined by solutions designed connected the continent.

“At Moniepoint, we are not conscionable funny successful increasing the market. We are committed to transformation. Everyone tin slope connected exertion arsenic a unit for good,” Olofin concluded.