ABUJA, Nigeria — President Bola Ahmed Tinubu has approved a $75 million government investment in Flutterwave, positioning the fintech company for its planned $250 million initial public offering, sources familiar with the matter said on April 20, 2026.
Okay News reports that the investment will be channeled through the Ministry of Finance Incorporated (MoFI) after months of discussions between the Federal Government and the payments firm.
Officials carried out detailed due diligence before approving the transaction. Global auditing firms were engaged to review Flutterwave’s financial accounts and operational structure, a step aimed at ensuring transparency and strengthening investor confidence.
Flutterwave, previously valued at more than $3 billion, continues to draw significant interest from international investors. Market watchers anticipate the upcoming IPO could be oversubscribed, reflecting the company’s established role in digital payments and cross-border transactions across Africa.
The investment signals direct government backing for Nigeria’s technology sector and may encourage broader participation from both foreign institutional investors and local stakeholders in high-growth domestic enterprises.
