The Chairman of MTN Nigeria, Dr Ernest Ndukwe, has applauded the growth of Nigerian fintech company Flutterwave, linking its global success to the country’s telecommunications reforms and digital transformation over the past two decades.
Ndukwe spoke during the company’s 10th anniversary gala night held at The Delborough Lagos, where he reflected on Nigeria’s transition from an era marked by inefficient telecom services to one driven by innovation and digital enterprise.
He recalled that before the liberalisation of the telecommunications sector, Nigerians often endured long queues at NITEL offices to place international calls, a situation that changed significantly after reforms introduced in the early 2000s.
According to him, the reforms implemented during the administration of former President Olusegun Obasanjo dismantled structural bottlenecks and created opportunities for private sector participation, laying the foundation for today’s digital economy.
Ndukwe described Flutterwave as a Nigerian-born company that has successfully positioned itself on the global stage, noting that its ability to meet international standards reflects the potential of local businesses operating within a supportive regulatory environment.
He said the fintech firm’s progress over the past decade had been impressive but warned that sustained growth would depend on adherence to strong corporate governance and institutional discipline.
The MTN Nigeria chairman advised the company’s leadership to remain focused as it expands into new markets, stressing that success must be managed carefully to ensure long-term stability.
He also emphasised the need for continuous innovation, noting that sustained excellence requires consistent effort and commitment as organisations evolve.
Ndukwe further acknowledged pioneers who helped shape Nigeria’s digital payments landscape, including John Obaro, founder of SystemSpecs and developer of the Remita payment platform used by the Federal Government for revenue collection.
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He expressed confidence in Flutterwave’s future, assuring the company of continued support from industry stakeholders as it strengthens its presence across Africa and other global markets.
