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Bagudu: Success of Paystack, Flutterwave a reflection of Buhari’s effort to stabilise economy

Bagudu: Success of Paystack, Flutterwave a reflection of Buhari’s effort to stabilise economy
September 18
22:20 2022

Atiku Bagudu, governor of Kebbi state, says the success of Paystack and Flutterwave is a reflection of President Buhari’s efforts to stabilise the economy. 

Bagudu said this on Sunday while speaking at the progressive young leaders summit organised by the All Progressive Congress (APC), in Abuja.

In 2020, TheCable had reported that Shola Akinlade, chief executive officer (CEO) of Paystack sold company to a United States fintech company for a deal worth $200 million.

In 2021, founded by Olugbenga Agboola, Flutterwave raised $170 million to join the unicorn club and tripled in one year — which positioned the company to become a leading fintech startup on the continent.

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According to Baguda, the success made by these companies were not a coincidence as the APC led administration put in intentional effort to make it happen.

“[The] ministry of digital economy was created to support our youth, other companies and individual so that they can take on the world,” he said.

“It may not be seen as achievement of President Buhari when Shola Akinlade sold his company for $200 million but it happened under President Buhari or when Flutterwave are becoming one of the great company in the world.

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“We all think it is just a coincidence, no it is not a coincidence, it is a reflection of efforts to stabilise the economy and to position Nigeria in the rightful place in the committee of nations.

The governor also addeded that in the last seven years, deliberate efforts were made to include many in government and that inclusion is the ultimate aim of government.

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