Buhari’s Economic Stabilastion Efforts Led To Success of Paystack And Flutterwave – Bagudu

Governor of Kebbi State, Atiku Bagudu,has said that the success of Paystack and Flutterwave is a reflection of President Buhari’s efforts to stabilise the economy.

Gatekeepers News reports that Bagudu said this while speaking at the Progressive Young Leaders Summit organised by the All Progressive Congress (APC), in Abuja On Sunday.

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

In 2021, Olugbenga Agboola, founder of 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.

Bagudu says the APC led administration made deliberate efforts which contributed to the success of these companies.

“[The] ministry of digital economy was created to support our youth, other companies and individuals 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.

“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 said.