Moniepoint Microfinance Bank has said that the future of Africa’s financial system will be shaped within the continent through homegrown innovation, effective regulation, and informed journalism.
Its Chief Executive, Babatunde Olofin, made the assertion at the 2025 annual conference of the Finance Correspondents Association of Nigeria (FICAN), themed “Bracing for the Digital Economy in Nigeria: Taxation, Banking and Finance.” Olofin, represented by the bank’s Head of Corporate Communications, Bamigo Awala, said Moniepoint is focused on deepening access to financial services as a catalyst for transformation.
He cited the example of a petty trader, a mother of four, who was displaced from Abuja and relocated to Lagos. After being onboarded on Moniepoint’s payment platform and accessing credit, she now manages three thriving shops, generating revenues that once seemed unattainable.
“That is the power of access. That is the meaning of inclusion. Financial services should mean only one thing: progress,” Olofin said.
According to him, Moniepoint’s new campaign, “We’re Made for Your Progress,” underscores its mission to power Africans’ dreams by delivering financial solutions rooted in speed, trust, and simplicity.
He stressed that Africa’s digital economy is no longer aspirational but a lived reality driven by mobile connectivity, cloud computing, and artificial intelligence. To fully harness these opportunities, he highlighted three pillars: trust, talent, and literacy.
“Without knowledge, we are building on sand,” he warned, adding that Moniepoint has rolled out initiatives like its “Dream Developments” incubator to train young Nigerians in building financial solutions while promoting financial literacy to curb exclusion and misinformation.
Beyond traditional banking, Moniepoint is expanding into services such as inventory management for small retailers, helping informal businesses track stock and improve profitability. It is also documenting case studies across regional economies, including livestock and crop markets in northern Nigeria, to better understand and address local challenges.
Olofin insisted that Africa’s financial destiny will not be dictated by Silicon Valley but will be defined by locally designed solutions.
“At Moniepoint, we are not just interested in growing the market. We are committed to transformation. Everyone can bank on technology as a force for good,” he said.
