Flutterwave expresses readiness to support digital payments role in Nigeria’s blue economy development
Date: 2026-05-05
By: Robert Kwaku Annor
Flutterwave
has signaled its readiness to support the digital transformation of Nigeria’s
maritime sector following a high-level engagement with the Ministry of Marine
and Blue Economy.
The
discussion involved Flutterwave Founder and CEO Olugbenga Agboola and the
Minister of Marine and Blue Economy, Adegboyega Oyetola, focusing on
opportunities to integrate digital payment infrastructure into the country’s
evolving blue economy strategy.
The
ministry, recently established to drive growth within Nigeria’s maritime
domain, is tasked with unlocking economic potential across ocean resources,
modernising port operations, and expanding indigenous shipping capacity.
Officials say the sector is expected to play a key role in job creation and
national economic development.
During
the engagement, Flutterwave highlighted the importance of a strong digital
backbone in enabling efficient maritime operations. The company proposed
leveraging its multi-currency and cross-border payment solutions to support the
digitisation of port systems and improve financial transactions within the
sector.
Agboola
noted that secure and compliant digital payment infrastructure could enhance
operational efficiency, facilitate trade, and contribute to broader economic
growth. The discussions also explored collaboration opportunities between the
public and private sectors to accelerate innovation in maritime services.
The
meeting was attended by Flutterwave’s Public Sector Business Head, Olufunmilayo
Olaniyi, and Stanley Uzochukwu of Stanel Group, whose organisation is among
partners utilising Flutterwave’s payment infrastructure.
Stakeholders
indicated that strengthening digital systems within the maritime sector will be
essential to realising the full potential of Nigeria’s blue economy and
supporting long-term economic transformation.
