In February 2025, the Ministry of Finance Incorporated (MOFI) made an argument that should not be forgotten.
Following an engagement at the Presidential Villa involving President Bola Ahmed Tinubu and Flutterwave’s leadership, at which MOFI’s managing director was present alongside the then Minister of Finance, MOFI publicly welcomed the fintech company’s proposed Nigerian listing.
In its own account of the meeting, the institution described the impending listing as a landmark moment offering “increased transparency, liquidity, and a pathway for more fintech companies to follow suit.”
MOFI was right…
When a successful Nigerian-facing company enters the public markets, the choice of exchange determines more than where its shares are traded. It determines who can participate easily, where part of the resulting wealth is distributed and whether the domestic capital market captures any of the value created within the domestic economy.
