Moniepoint Unveils ₦3 Billion Innovation Hubs Across Three Nigerian Universities

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Moniepoint Inc. has announced a ₦3 billion commitment toward the establishment of innovation hubs in three major Nigerian universities as part of a broader effort to develop technology talent and strengthen digital innovation across the country.

The initiative will see dedicated innovation and technology centers launched at Obafemi Awolowo University, University of Nigeria, and Ahmadu Bello University, with the company positioning the project as a long-term investment in Nigeria’s next generation of engineers, founders, and digital entrepreneurs.

According to the company, the hubs are expected to provide students with access to modern learning facilities, mentorship opportunities, startup incubation support, and industry-focused technical training designed to bridge the gap between academic learning and practical technology development.

The investment is scheduled to span multiple years and forms part of Moniepoint’s broader strategy to deepen local talent development within Nigeria’s rapidly expanding digital economy. Industry stakeholders say the move reflects increasing private-sector participation in university-based innovation and entrepreneurship programs.

Speaking on the initiative, Moniepoint Co-founder and Chief Executive Officer Tosin Eniolorunda said the company aims to create sustainable pathways for young Nigerians to access world-class technical education and innovation opportunities within the country.

By launching these Innovation Hubs beginning with OAU, UNN, and ABU Zaria, we are intentionally anchoring world-class technical skills across the country,” he said.

The hubs are expected to focus on software engineering, product development, artificial intelligence, business innovation, and entrepreneurship training, while also supporting startup founders and student-led technology projects.

Founded in 2015, Moniepoint has grown into one of Africa’s leading fintech companies, providing payment, banking, and business infrastructure services to millions of businesses and users across Nigeria. The company has increasingly expanded its focus beyond financial services into broader ecosystem development initiatives targeting education, technology infrastructure, and digital inclusion.