Moniepoint Microfinance Bank has reiterated its unwavering commitment to financial inclusion, describing it as the lifeline of Africa’s economic transformation. The bank’s Chief Executive Officer, Babatunde Olofin, said the future of Africa’s finance will not be defined in foreign boardrooms but crafted through local innovation, inclusive policies, and grassroots empowerment.
Olofin made this declaration at the 2025 Annual Conference of the Finance Correspondents Association of Nigeria (FICAN) in Lagos, where stakeholders gathered to deliberate on the theme, “Bracing for the Digital Economy in Nigeria: Taxation, Banking and Finance.”
Represented by the bank’s Head of Corporate Communications, Mr. Bemigho Awala, Olofin told a moving story of resilience and transformation, using the real-life example of Iyaruka, a widowed mother of four who relocated to Lagos after losing her home in Abuja. Starting as a petty trader, she joined Moniepoint’s payment platform two years ago, gained access to credit, and today operates three thriving stores with revenues she once considered unattainable.
“That is the power of access. That is the meaning of inclusion,” Olofin declared. “Financial services should mean only one thing: progress.”
Moniepoint’s Mission: Progress Beyond Banking
The Moniepoint boss emphasized that the bank’s latest campaign, “We’re Made for Your Progress,” is not just a marketing slogan but a reflection of its broader mission to power the dreams of Nigerians and Africans. Through technology, Moniepoint is delivering speed, trust, and simplicity in transactions while expanding opportunities for small businesses and everyday people.
He explained that the digital economy is not a distant future but a present reality, powered by tools like mobile connectivity, cloud computing, and artificial intelligence. However, for Africa to fully reap its benefits, three key enablers—trust, talent, and literacy—must be prioritized.
Investing in Trust, Talent, and Literacy
Moniepoint has already begun investing heavily in these pillars. Its “Dream Developments” incubator trains young Nigerians to design financial solutions tailored to African realities, while its financial literacy initiatives are equipping users with the knowledge to navigate digital finance confidently.
“Without knowledge,” Olofin cautioned, “we are building on sand.”
Beyond Payments: Practical Solutions for Small Businesses
The CEO also highlighted Moniepoint’s efforts to support small businesses beyond simple transactions. These include inventory management tools that help small retailers monitor stock and boost profitability, as well as regional case studies designed to understand and strengthen local economies, such as crop and livestock markets in Northern Nigeria.
A Call for Homegrown Solutions
Olofin concluded by stressing that Africa’s financial future will not be dictated in Silicon Valley but determined by homegrown innovation, effective regulation, and robust journalism.
“At Moniepoint, we are not just interested in expanding the market,” he said. “We are committed to transformation. Everyone can bank on technology as a force for good.”
Moniepoint CEO Babatunde Olofin has called for homegrown solutions to drive Africa’s financial future, championing financial inclusion, digital innovation, and grassroots empowerment at the 2025 FICAN Conference in Lagos.
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