By Omodele Adigun
‘Africa’s financial future will not be scripted in Silicon Valley but determined by homegrown solutions, and regulatory oversight- Bemigho Awala, Head Corporate Communications.
Moniepoint Microfinance Bank has restated its commitment to financial inclusion as the cornerstone of its business, declaring that its mission goes beyond market share to transforming lives across Nigeria and Africa.
Speaking at the 2025 annual conference of the Finance Correspondents Association of Nigeria (FICAN) in Lagos on Saturday with the theme “Bracing for the Digital Economy in Nigeria: Taxation, Banking and Finance,”, the Bank’s Head of Corporate Communications, Bemigho Awala representing its Chief Executive, Babatunde Olofin, told a story that underscored both the fragility and resilience of the Nigerian dream.
He shared the journey of ‘Iya Ruka’, a mother of four who relocated to Lagos after losing her homes in Abuja.
Starting as a petty trader, she was onboarded onto Moniepoint’s platform two years ago, later gaining access to credit. Today, she runs three thriving stores and records daily revenues that once seemed impossible.
“That is the power of access. That is the meaning of inclusion. Financial services should mean only one thing: progress,” Olofin declared.
Bemigho Awala, Head, Corporate Communications, MoniePoint Microfinance Bank
According to him, Moniepoint’s new campaign, “We’re Made for Your Progress,” reflects its broader mission to power the dreams of Africans by leveraging technology to provide speed, trust, and simplicity in financial transactions.
He stressed that the digital economy is not a distant prospect but a lived reality, underpinned by tools such as mobile connectivity, cloud computing, and artificial intelligence. However, for technology to truly catalyse development, three pillars must be prioritised: trust, talent, and literacy.
Moniepoint, he noted, is investing heavily in these areas. Its “Dream Developments” incubator trains young Nigerians to build financial solutions, while the company also champions financial literacy as a safeguard against exclusion and misinformation.
Beyond payments, Moniepoint is extending its solutions to small retailers through inventory management tools that enable mom-and-pop shops to track stock and boost profitability. The bank is also documenting local case studies to better understand regional economies, including livestock and crop markets in Northern Nigeria.
The CEO emphasised that Africa’s financial future will not be scripted in Silicon Valley but determined by homegrown solutions, regulatory oversight, and informed journalism.
“At Moniepoint, we are not just interested in growing the market. We are committed to transformation. Everyone can bank on technology as a force for good,” he concluded.
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