Moniepoint invests N3bn in university innovation hubs

Moniepoint Inc., the Nigerian fintech and financial ecosystem company, on Monday announced a N3bn commitment to establish innovation hubs across three federal universities in a long-term push to strengthen the country’s digital talent pipeline.
The initiative will see the development of Moniepoint Innovation Hubs at Obafemi Awolowo University, Ile-Ife; the University of Nigeria, Nsukka; and Ahmadu Bello University, Zaria, over the next three years.
The announcement was formally made at Obafemi Awolowo University in Ile-Ife, Osun State, during a ceremony attended by Vice Chancellors of the three institutions, senior academics, industry leaders, students, alumni, and traditional rulers.
Moniepoint said the selection of the three universities was designed to ensure geographic balance and wider distribution of opportunity across Nigeria, rather than concentrating investment in a single region.
Speaking at the event, Moniepoint co-founder and chief executive officer Tosin Eniolorunda said the initiative was inspired by the company’s own experience of being shaped by Nigerian universities.
“When you look at the success of companies like Moniepoint, it is easy to forget that it all started with the foundational training we received right here in Nigerian universities,” he said.
Each innovation hub will function as a permanent centre for hands-on training in software engineering, artificial intelligence, data science, robotics, product development, design, and entrepreneurship.