Piggyvest declared this when it hosted its “10 Anniversary Gala” in Lagos, which it used to unveil its vision of becoming, “the financial operating system of the Nigerian household.”

The gala featured co-founders, investors, regulatory partners, ecosystem leaders, customers, current and past staff of Piggyvest.

How it all started

Ms. Odunayo Eweniyi, the co-founder and chief operations officer of Piggyvest, traced the company’s origin to a December 2015 tweet by a woman who had saved N1,000 every day for a year in a wooden box and shared the results on Twitter.

On his part, Mr. Joshua Chibueze, the co-founder and chief marketing officer, Piggyvest, presented, “The Behavioural Portrait,” that walked through key data points on how money has moved through Piggyvest over the past decade.

Chibueze revealed that the platform now processes over N61,000 in savings every second, up from N49,000 the previous year, and highlighted that users save toward goals ranging from rent and vacations to business investments and gadgets.

Ayo Akinola, CEO of PocketApp, spoke on the role of regulatory partners in Piggyvest’s journey in a presentation titled, “Trust is Built Together,” which recognised the Central Bank of Nigeria, the Nigeria Deposit Insurance Corporation (NDIC), and the Securities and Exchange Commission (SEC) as partners whose oversight had shaped the platform’s growth.

Akinola said:

“Some of our toughest moments came from being held to higher standards. Moments that slowed us down, moments that forced us to rethink. But those moments made us better. They made us stronger, they made us worthy of the trust people place in us today.”

While much of the spotlight has historically focused on male founders and executives, a powerful cohort of women is quietly, and boldly, reshaping the landscape.

From digital payments and savings platforms to financial inclusion advocacy and wealth-building tools, these women are not just participating, they are building, leading, and transforming Nigeria’s digital economy.

These women represent different layers of Nigeria’s fintech ecosystem, from infrastructure & global payments; savings, lending & investments; financial literacy & inclusion, to policy, research & ecosystem development.

Together, they are shaping a future where financial services are more accessible, inclusive, and technology-driven.

As Nigeria continues its journey toward a fully digital economy, the contributions of these women highlight a critical truth: The future of fintech is not just innovative, it is inclusive, and women are leading that charge.

In celebration of International Women’s Day 2026 under the theme, “Give to Gain,” Techeconomy celebrates these 10 women redefining fintech in Nigeria, and the impact they are making across the ecosystem:

1. Folasade Femi-Lawal, country manager & area business head, West Africa, Mastercard

Folasade Femi‑Lawal is a seasoned financial services and digital payments executive with over 25 years of experience spanning banking, management consulting, telecommunications, and business advisory. She currently serves as Country Manager and Area Business Head for West Africa at Mastercard, where she leads strategy, innovation, and growth across one of the continent’s most dynamic markets.

In her role, Folasade drives Mastercard’s strategic vision for West Africa, deepening partnerships with public and private stakeholders to accelerate financial inclusion and build a more connected, digital economy. She has played a key role in collaborations that extend digital payment capabilities and advance the region toward a cashless society.

Before joining Mastercard, she built an impressive track record at major Nigerian financial institutions, including First Bank, where she led mobile financial services and digital banking strategy, significantly increasing card subscriber numbers and market share. She also served as Head of Loan Monitoring at United Bank for Africa and held earlier roles in consulting and telecommunications, including at PwC and Airtel.

Folasade is widely recognized for her commitment to inclusive growth and empowerment, particularly for women and children. She supports mentorship and leadership initiatives with organizations such as Women in Management, Business and Public Service (WIMBIZ) and the U.S. White House Academy for Women Entrepreneurs. Her accolades include the Outstanding Women in Management award by the United Nations Association in Nigeria and being named one of Africa’s Top 50 Women in Management. She also serves on the Forbes Business Development Council and has held leadership roles in industry bodies such as the Committee of eBusiness Industry Heads.

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2. Odunayo Eweniyi, co-founder/COO, PiggyVest

Odunayo Eweniyi is a leading Nigerian tech entrepreneur and co‑founder and Chief Operations Officer of PiggyVest, the country’s largest digital savings and investment platform that has revolutionised how millions of Nigerians save, invest, and build financial discipline. With a first‑class degree in Computer Engineering from Covenant University, she transitioned into tech entrepreneurship, co‑founding PiggyVest in 2016 to digitise informal saving habits and democratise access to wealth‑building tools.

Under her operational leadership, PiggyVest has grown from a simple online savings product into a multi‑product fintech powerhouse, serving millions of users with features such as automated savings, investment options, and micro‑investment products that make finance accessible to everyday Nigerians across demographics.

In the first half of 2025 alone, the platform recorded users saving significant sums collectively, underscoring its role in transforming financial behaviour among youth and underserved populations.

Beyond PiggyVest, Eweniyi is a serial innovator and investor in the African tech ecosystem. She co‑founded FirstCheck Africa, a female‑led angel investment firm focused on supporting women‑led startups and early‑stage founders, and serves on the board of global organisations such as Village Capital.

Her contributions to fintech and entrepreneurship have earned her recognition on prestigious lists including Forbes Africa 30 Under 30, Bloomberg New Economy Catalysts, and TIME100 Next.

Eweniyi also co‑founded the Feminist Coalition, advocating for gender equity and social justice, reinforcing her commitment to both economic inclusion and social impact. Her influence extends beyond product innovation to shaping a more inclusive fintech ecosystem where women and young innovators can thrive.

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3. Yanmo Omorogbe, co-founder/COO, Bamboo

Yanmo Omorogbe is co‑founder and Chief Operating Officer of Bamboo, a trailblazing digital investment platform that gives Nigerians and Africans real‑time access to buy, sell, and hold assets on the U.S. stock market using their mobile phones and computers.

As COO, Yanmo leads Bamboo’s operations, growth strategy, and customer‑focused execution, playing a central role in scaling the platform since its launch in 2020. Under her operational leadership, Bamboo has become one of Africa’s fastest‑growing investment apps, enabling thousands of users, many of whom were first‑time investors, to participate in global markets and build long‑term wealth.

Before co‑founding Bamboo, Yanmo built her finance expertise working in investment and asset management. She served as an investment analyst and associate at African Infrastructure Investment Managers (AIIM), a leading infrastructure private equity firm, and briefly worked in both public and private sector roles including at Nigeria’s Ministry of Power, Works & Housing.

A graduate of Imperial College London, Yanmo holds a degree in engineering and is also progressing professional qualifications such as the Chartered Financial Analyst (CFA) designation.

Her work at Bamboo reflects a deep commitment to expanding financial inclusion and making global investing accessible to Africans, breaking traditional barriers to participation in wealth markets.

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4. Solape Akinpelu, founder/CEO, HerVest

Solape Akinpelu is a leading Nigerian fintech entrepreneur and gender‑finance expert, best known as the Founder and CEO of HerVest, an inclusive fintech platform dedicated to expanding financial access and economic opportunity for African women.

HerVest leverages technology to provide goal‑oriented savings, impact investing, and credit solutions specifically designed for women, particularly smallholder female farmers and women‑led SMEs, helping to bridge the continent’s gender finance gap and unlock economic potential.

Under Solape’s leadership, HerVest has grown to serve tens of thousands of women, enabling members to build savings, access tailored investment opportunities, and secure flexible financing that fosters business growth and long‑term financial resilience. Solape’s vision is rooted in gender‑inclusive financial design, challenging traditional financial norms and supporting women who have historically been excluded from mainstream financial services.

Beyond building HerVest, Akinpelu actively shapes broader discussions on financial inclusion and gender equity. She serves on national and international committees, including advisory roles focused on women’s economic empowerment and advancing women’s financial participation.

She also holds leadership positions in organisations such as the Nigerian‑British Chamber of Commerce, where she champions tech‑driven collaboration and trade, and the Women in Tech Global Movement, where she advocates for greater female representation in tech and finance.

Solape’s work has earned recognition across the tech and business landscape, including prestigious awards such as the 2025 Aurora Tech Award, where she was celebrated for HerVest’s impactful innovation in fintech and agriculture finance.

Her leadership continues to inspire a new generation of women entrepreneurs and underscores the transformative power of fintech to drive inclusion, empowerment, and economic growth across Nigeria and beyond.

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5. Foyinsola Akinjayeju, chief executive officer, EFInA

Foyinsola Akinjayeju is a seasoned leader driving data‑led financial inclusion and economic empowerment in Nigeria. She currently serves as Chief Executive Officer of EFInA, the country’s foremost financial sector deepening organisation dedicated to expanding access to quality financial services and advancing inclusive finance across all segments of the population.

With over two decades of experience spanning strategy, financial management, and operational transformation, Akinjayeju brings both technical expertise and visionary leadership to EFInA.

Prior to her role at EFInA, she held senior positions at organisations including PricewaterhouseCoopers (PwC) and Phillips Consulting, where she led high‑impact projects and supported institutional development across sectors. She is a Chartered Accountant with an MBA from Lagos Business School.

Since her appointment as CEO, Akinjayeju has strengthened EFInA’s role as an evidence‑based catalyst for financial inclusion, championing research, advocacy, innovation, and systems‑strengthening initiatives that address access barriers for underserved populations including women, youth and micro‑entrepreneurs.

Under her leadership, EFInA was honoured with The Financial Inclusion Partner CEO of the Year Award at the 2025 MSME Finance and CEO Awards, in recognition of its sustained impact on MSME finance and inclusion in Nigeria.

Akinjayeju has steered EFInA through a strategic evolution that emphasises not only expanding access to financial services but ensuring those services contribute to economic resilience, opportunity creation and long‑term prosperity for excluded communities. Her agenda prioritises tailored solutions, evidence‑driven policy engagement, and partnerships that strengthen Nigeria’s inclusive financial ecosystem.

Her work reinforces the critical connection between inclusive finance, sustainable growth, and broader digital economy participation, positioning EFInA as a trusted voice in shaping Nigeria’s financial landscape.

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6. Ife Durosinmi-Etti, founder, Herconomy

Ife Durosinmi‑Etti is a Nigerian entrepreneur, author, and fintech leader who has carved out a niche by championing financial inclusion for women in Nigeria and across Africa. She is the Founder and Chief Executive Officer of Herconomy, a female‑focused fintech platform that combines digital savings tools with a vibrant community to empower women economically and socially.

Herconomy, originally launched as AGSTribe, was born out of Ife’s vision to build a support ecosystem where women can save, connect, access opportunities, and grow their financial agency. The platform provides tailored financial services, capacity‑building programs, and access to grants, scholarships, fellowships, and jobs, helping users move beyond traditional banking limitations.

Ife’s leadership is grounded in over a decade of diverse professional experience across marketing, corporate communications, and entrepreneurship, having worked in sectors ranging from retail and FMCG to tech before founding Herconomy.

She holds a BSc in Biochemistry and an MBA in Global Business, and her work has earned her recognition as a Tony Elumelu Foundation Entrepreneur Awardee and a Mandela Washington Fellow.

Under her stewardship, Herconomy has rapidly grown into a community‑driven digital platform that aims to financially empower one million women, mobilising savings and opportunities for them to thrive economically.

Ife’s journey underscores her belief that financial freedom for women requires more than accounts, it requires community, education, and targeted financial tools, making her a standout voice in Nigeria’s gender‑focused fintech space.

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7. Oluwatosin Olaseinde, founder, MoneyAfrica & Ladda

Oluwatosin Olaseinde is a Nigerian fintech and edtech entrepreneur pioneering financial literacy and wealth‑building tools that are shaping how Africans understand and interact with money.

As the Founder and CEO of MoneyAfrica and Ladda, she has built a dual‑platform ecosystem that bridges financial education with practical investment opportunities.

At its core, MoneyAfrica is a widely respected financial literacy edtech platform that empowers individuals with the knowledge to save, invest, and make informed financial decisions. With a community that reaches hundreds of thousands of users, the platform has become a trusted resource for personal finance education across the continent.

Recognising that education without accessible tools limits real financial progress, Olaseinde also founded Ladda, a fintech platform that enables everyday users to save and invest in curated portfolios, mutual funds, stocks, and other wealth‑building options, all designed to simplify access to investment products traditionally available only to elite investors.

A Chartered Accountant by training, Olaseinde’s professional journey spans corporate finance, auditing, and financial analysis, including early roles at major media and financial institutions.

Her work has earned her global recognition, including selection as a World Economic Forum Young Global Leader, LinkedIn Top Voice in Finance and Economy, and placement among the Top 50 African Business Heroes.

In 2025, she was appointed to the World Economic Forum’s Global Future Council on Financial Education, where she contributes to shaping global strategies that make financial knowledge more accessible and relevant in the digital age.

Oluwatosin’s mission is clear: to empower millions of Africans to achieve financial independence by combining education, technology, and accessible investment solutions, demonstrating how fintech can be a vehicle for sustainable economic empowerment.

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8. Nkem Okocha, founder, Mamamoni

Nkem Okocha is a Nigerian social entrepreneur and fintech innovator whose work blends empathy with technology to transform the lives of low‑income women.

She is the founder and driving force behind Mamamoni, a fintech social enterprise dedicated to empowering underserved women, especially in rural and urban slum communities, through financial inclusion, vocational skills training, and access to capital.

Inspired by her own upbringing and the struggles her widowed mother faced, Okocha left a banking career in 2013 to start Mamamoni. Under her leadership, the organisation has evolved from a grassroots skills‑training hub into a digital platform that provides micro‑loans, business education, and mobile financial tools tailored for women excluded from traditional banking systems.

Through Mamamoni, Okocha has impacted thousands of low‑income female entrepreneurs, helping them build sustainable micro‑businesses, improve household incomes, and achieve financial confidence, outcomes that go beyond typical credit provision to deepen economic resilience and inclusion.

A 2015 Tony Elumelu Foundation Entrepreneur Programme alumnus, 2016 LEAP Africa Social Innovator, 2017 Mandela Washington Fellow, and winner of several national and international awards, Okocha is widely recognised for her impact‑driven leadership in fintech and social empowerment.

Her work exemplifies how fintech can be both innovative and compassionate, using digital tools to unlock opportunities for women who have long been left on the margins of Nigeria’s financial system.

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9. Chinyere Don-Okhuofu, divisional CEO, Interswitch Group

Chinyere Don‑Okhuofu is a seasoned fintech and digital payments executive driving strategic expansion and adoption of digital commerce solutions across Nigeria and beyond. She serves as the Divisional Chief Executive Officer, Sales Networks at Interswitch Group, one of Africa’s leading integrated payments and digital commerce platforms.

With over 16 years of experience in banking, financial control, strategy and electronic banking operations, Chinyere brings deep expertise to her leadership role, where she is responsible for broadening Interswitch’s footprint, driving merchant acquisitions, and ensuring businesses adopt digital payment solutions.

She joined Interswitch in January 2012 as Chief ATM and Devices Officer, before rising through the ranks to lead industry vertical markets and sales strategy. Under her direction, Interswitch’s digital payment infrastructure, spanning Quickteller, Verve and enterprise solutions, has seen deeper market penetration across sectors including retail, corporate, and government.

A qualified Chartered Accountant, Chinyere is an alumna of Lagos Business School and London Business School, bringing both technical and strategic insight to fintech growth.

Her leadership contributes to strengthening the foundational infrastructure that supports cashless transactions and financial inclusion in Nigeria’s digital economy.

Interswitch, founded in 2002 and headquartered in Lagos, has played a pivotal role in shaping the country’s payment landscape and remains a cornerstone of the region’s fintech ecosystem.

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10. Emelia Sunday-Edet, head of Engineering/Product, FlashChange

Emelia Sunday‑Edet is a product and engineering leader at FlashChange, a fast‑growing digital finance company redefining secure digital asset exchange, bill payments, and everyday financial services for users across Africa. She serves as Head of Product & Engineering, bringing a strong background in software quality assurance, product development, and cross‑functional leadership to Nigeria’s burgeoning fintech landscape.

In her role, Emelia guides the product vision, strategy, and execution for FlashChange’s suite of financial solutions, ensuring reliability, security and user trust are built into products from conception through launch.

Her leadership has been instrumental in evolving the platform beyond basic trading into a multipurpose digital financial ecosystem that meets the real‑world transaction needs of everyday users, including payments, airtime/data recharges, and digital asset conversion, all while maintaining high standards of performance and user experience.

Prior to taking on her current responsibilities, Emelia developed deep expertise in product quality and engineering workflows, leading cross‑disciplinary teams and fostering disciplined execution practices that deliver resilient fintech products tailored for emerging markets. She also serves as Training Lead at The Bug Detectives, a global quality assurance community where she mentors aspiring tech professionals and supports practitioners transitioning into software development and testing roles.

Emelia is passionate about trust‑centered innovation, believing that scalable fintech solutions must combine technical excellence with user confidence and accessibility.

Her voice has been featured in thought leadership about how fintechs must go beyond product updates to reimagine how people interact with money and financial services in their daily lives.

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FACTS about Nigeria’s Fintech Ecosystem

• Combined Valuation of Top Fintechs: Nigeria’s largest fintech companies, such as Flutterwave, OPay, Moniepoint, Interswitch, PalmPay, Moove, Kuda, Paystack, and Paga, have a combined estimated market valuation of about $10.6 billion as of January 2026.

• • Flutterwave alone is valued at around $3 billion, with OPay close behind at $2.75 billion.
• Nigeria’s fintech ecosystem attracted over $1 billion in investments in 2025, reflecting sustained investor confidence in the sector’s long‑term growth potential.
• Broader industry estimates project that Nigeria’s fintech market, spanning payments, lending, wallets, digital banking, wealthtech and more, could grow from an estimated $5.2 billion in 2025 to over $17 billion by 2033, at a compound annual growth rate (CAGR) of ~16%.
• The digital payments segment alone is projected to contribute roughly $6 billion to Nigeria’s GDP by 2026, highlighting fintech’s deepening role in the national economy.

Together, these figures illustrate that Nigeria’s fintech ecosystem is not only financially sizeable but also a key driver of economic activity, investment attraction, and digital financial inclusion in Africa’s largest market, and women are not just part of the drive, they lead!

However, a growing number of professionals are choosing to stay and invest in local entrepreneurship ventures. They gain experience globally, then come back to build locally.

This change could be said to have been influenced by personal ambition, economic opportunity, and a deep desire to positively impact local communities. 

But why are more Nigerians embracing entrepreneurship over migration, and how is this choice impacting the country’s economic industry?

The Lure of Migration and Its Challenges

Historically, skilled Nigerians migrated to escape limitations in career progression, infrastructure, and standard of living. 

While the allure of developed nations is strong, many discover that living abroad is not without its challenges. Migrants often face cultural adjustment, high living costs, and complex legal systems. 

The struggle to integrate into new environments has caused many to reconsider their decisions, sometimes leading to disillusionment.

Net Migration to UK Fell 10% in 2023 [GRAPH]

The Rise of Local Entrepreneurship

In contrast, local entrepreneurship is becoming a more attractive option for skilled Nigerians, driven by multiple factors:

1. Economic Opportunities: Despite Nigeria’s challenges, its local markets continue to grow, offering lucrative business opportunities. Entrepreneurs are increasingly identifying and capitalizing on untapped niches that address local needs.
2. Social Impact: A strong desire to contribute to Nigeria’s development is another driver. Entrepreneurs see themselves as agents of change, creating jobs and enabling community development in ways that migration cannot achieve.
3. Innovation and Technology: Technological advancements have helped local entrepreneurs to compete on a global scale. The rise of digital platforms and tools has made it easier for businesses to start and grow without needing to leave Nigeria.

Several Nigerian entrepreneurs are examples of this change

Iyinoluwa Aboyeji, co-founder of Andela and Flutterwave

Take Iyinoluwa Aboyeji, the co-founder of Andela and Flutterwave. Aboyeji chose to stay in Nigeria, where he has built platforms empowering African talent and businesses. 

His work with Andela, which focuses on training software developers, and Flutterwave, a payment solutions company, has greatly impacted the African tech space, with his current venture, Future Africa, which funds mission-driven innovators across the continent. 

Aboyeji believed in Nigeria’s ability to solve its own challenges and he remained focused on directly contributing to building the infrastructure and ecosystem necessary for sustainable growth.

Funke Opeke, CEO, MainOne

Similarly, Funke Opeke, who returned from the US to found MainOne, has helped in improving West Africa’s internet infrastructure. 

MainOne is a leading provider of telecom services and network solutions in the region, and under Opeke’s leadership, it has bridged huge gaps in digital access. 

After a successful career in the United States, Opeke returned to Nigeria driven by a desire to address the country’s urgent need for better internet infrastructure. Her vision for reducing the digital divide continues to drive her entrepreneurship goal and focus.

Olugbenga Agboola, co-founder of Flutterwave

Olugbenga Agboola, co-founder of Flutterwave, has simplified payments for businesses across Africa, helping them grow and operate efficiently. 

Flutterwave has become an essential pillar of the African fintech sector. Agboola remains in Africa because of his zeal to create solutions targeting the challenges faced by African businesses. With this, he ensures that Flutterwave continues to meet the dynamic needs of its users.

Temie Giwa-Tubosun, founder of LifeBank

Temie Giwa-Tubosun, founder of LifeBank, uses technology to connect hospitals with essential medical supplies, effectively saving lives. 

Her inspiration for LifeBank came from her personal experiences with the healthcare system in Nigeria, and her mission is to improve healthcare delivery in her home country. Giwa-Tubosun is deeply determined to use her platform to address healthcare challenges in Nigeria.

Shola Akinlade, co-founder of Paystack

Shola Akinlade, co-founder of Paystack, has simplified payments for businesses across Africa, allowing them to scale and thrive. 

Paystack’s acquisition by Stripe accentuated its global impact. Akinlade believes in the prospects of African businesses to compete globally. He has helped in building the infrastructure that supports the growth of businesses.

Odunayo Eweniyi, co-founder of PiggyVest

Odunayo Eweniyi, co-founder of PiggyVest, has made a huge impact in promoting financial inclusion and literacy in Nigeria. 

PiggyVest helps Nigerians to save and invest money, enabling them to adequately control their finances. Eweniyi’s decision to stay in Nigeria is driven by her vision to build people with the right mindset and her belief that local entrepreneurship can drive economic development.

Tayo Oviosu, founder of Paga

Tayo Oviosu, founder of Paga, has made financial services accessible to millions of Nigerians through mobile payments. Paga has become indispensable in the Nigerian fintech sector, bolstering how people handle financial transactions. 

Oviosu’s decision to stay in Nigeria allows him to remain close to his customers and better understand their needs, ensuring that Paga continues to deliver solutions that make financial services accessible to all.

The Patriots Who Build with Blistered Hands: Any Hope in Sight?

There is no gainsaying that the success of businesses in Nigeria has a profound impact on the economy and society. They contribute around 60% to the GDP, which equals approximately $295 billion annually, and are responsible for over 80% of jobs, whilst employing more than 52 million Nigerians (National Bureau of Statistics, 2024).

The  Foreign Direct Investment (FDI) reached $3.8 billion in 2023, with significant investments in telecommunications, oil, and renewable energy (UNCTAD, 2024).

Thus business activities continue to drive infrastructure improvements and urbanization, while the fintech sector has further transformed financial transactions, with digital payments reaching $670 billion in 2023 (Central Bank of Nigeria, 2024). 

Despite substantial CSR investments and economic contributions, challenges such as regional disparities and environmental issues remain prevalent (Nigerian Business Coalition for Sustainable Development, 2024; Environmental Rights Action, 2024).

An alarming statistics from the Nigeria Medical Association (NMA) indicate that over 1,000 doctors leave Nigeria annually for better working conditions and opportunities abroad, with popular destinations including the UK, the US, Canada, and Australia. 

Moreover, the media has been awash with reports of a massive exodus of engineers, technology experts, academics, researchers, and other professionals seeking opportunities in countries with thriving tech and engineering sectors. Despite this, there are still many who believe their contributions could help realize the Nigeria of our dreams.

It is important to state from the outset that the decision to stay in Nigeria or leave the country may be based on personal, professional, economic, social, and political reasons. This choice should not be judged as either good or bad. 

This is because, over the past two years, the Nigerian diaspora has made significant contributions to the economy, primarily through remittances, investments, and the transfer of skills and knowledge.

According to the World Bank and the Central Bank of Nigeria (CBN), remittances from Nigerians living abroad were estimated at around $20 billion in 2022. This substantial increase underscores the growing importance of remittances to Nigeria’s economy. 

For 2024, remittances are projected to be between $22 billion and $24 billion, reflecting a continued rise driven by the growing number of Nigerians abroad and advancements in financial technology.

For entrepreneurs who choose to stay, and build businesses over emigration,  they might have benefited largely from hindsight, insight, and strategic analysis. In Nigeria,  key entrepreneurial opportunities lie in technology and fintech, which attract significant investment and create jobs. 

The same can also be said of  Agriculture which is contributing 25% to GDP and supporting millions, presents other opportunities. 

In Nigeria also, Renewable energy, with projected investments of $2 billion by 2025, aims to address energy deficits and generate jobs. The healthcare sector, valued at over $5 billion, can reduce import dependency and improve health. 

E-commerce and retail can drive consumer spending and modernization, while education and edtech can enhance learning and create employment.

Additionally, Nigeria’s real estate offers opportunities for urban development, and tourism and hospitality support local businesses. The fashion industry generates significant revenue, and entertainment contributes not less than $7 billion annually. 

Each sector drives economic growth and job creation. Drawing parallels with H.W. Brands’ classic “The Men Who Built America,” which explores the lives and legacies of key industrialists like Andrew Carnegie, John D. Rockefeller, J.P. Morgan, Cornelius Vanderbilt, and Henry Ford, who transformed America through their innovations and philanthropy, it is clear that entrepreneurship, despite challenges, has the potential for significant impact.

However, when considering the chains of challenges faced by entrepreneurs in Nigeria, the question arises: is their patriotism worth it? While it can not be jettisoned that entrepreneurs play an important role in building the economy, the prevailing socio-economic and political climate in Nigeria can be said to be harsh, discouraging, and potentially stifling business success. 

According to Mr. Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of Economy, over 800 companies folded due to market instability, unfulfilled promises, breaches of contracts, foreign exchange market issues, and general economic instability. 

We opined that many of these challenges are avoidable with people-centred policies and well-thought-out actions, reflecting failures in leadership and governance.

Adding to these challenges are escalating interest rates, security issues, and unplanned subsidy removal, which leave entrepreneurs at a disadvantage. Alhaji Dangote’s refinery dubbed the “6th Wonder of the World,” serves as a reference point for the potential impact of well-managed projects.

In light of the questions posed by one of Jesus Christ’s apostles, “We have left everything to follow you! What then will there be for us?” It is essential to ask what the future holds for entrepreneurs who choose to build businesses amid challenging conditions. 

For us, we are of the opinion that the government needs to enhance entrepreneurship in Nigeria by improving access to funding, addressing the fact that only 8% of startups receive venture capital, and improving infrastructure, as Nigeria’s electricity meets only 45% of demand and internet penetration is at 50%. 

Furthermore, simplifying the business registration process, which currently averages 19 days, and providing tax incentives can also alleviate challenges.

With over 40% youth unemployment, supporting skill development is essential. Expanding market access, given that only 1% of SMEs export, and encouraging innovation with R&D investments (currently 0.5% of GDP) are vital. 

Also of importance is the promotion of public-private partnerships and celebration of entrepreneurship, which can further strengthen the ecosystem, potentially increasing its contribution to GDP, which was approximately 20% in 2022.   

This year’s event promises to be more dynamic than ever, offering a glimpse into the future of industry trends that are shaping the entrepreneurial landscape.

At the last edition of Lagos Startup Week, Ryan Fox (Senior Developer Advocate, Algorand Foundation) led a blockchain development workshop on building a smart contract app using Python.

Like other sessions at Lagos Startup Week, every attendee can find tracks that resonate with their professional goals and interests.

Lagos Startup Week promises to deliver an experience with meticulously curated content tracks, each designed to cater to diverse interests and expertise levels within the African tech ecosystem.

These tracks will offer structured learning opportunities, exploring specific themes not limited to the latest technological advancements, the intricacies of startup funding, challenges faced by women entrepreneurs, hands-on workshops, and more.

This year’s tracks underscore our commitment to providing a tailored and comprehensive experience, fostering valuable networking. Here’s a glimpse of what to expect at Lagos Startup Week 2024:

Women Who Launch

Lagos Startup Week supports gender-equal entrepreneurial ecosystems by empowering women to engage with entrepreneurship, whether as founders, funders, or team members.

This track will celebrate and support female founders, addressing their specific challenges and offering sessions that share first-hand entrepreneurial stories.

It will equip them with tools and expertise to access global markets, fundraise, and propel their businesses forward. Past events have hosted Odunayo Eweniyi (COO & Co-Founder, Piggyvest), Damilola Teidi (Head of Platform & Networks, Ventures Platform), Ife Durosinmi-Etti (CEO & Founder, Herconomy), and other powerhouses in the African tech ecosystem.

Founders & Funders

Ever wondered how local and global investors spot homegrown talent, or how they position their portfolios for global growth? Beyond panel sessions, Ask-Me-Anything sessions, and discussions, prepare to be blown away by electrifying entrepreneurs sharing their game-changing solutions on stage.

Innovation Tour

The Innovation Tour is a one-day event that includes a curated visit to the top startups in the city. Get a picture of Nigeria’s vibrant startup ecosystem and experience innovation firsthand. Exchange ideas and forge connections with key industry players. This exclusive track will show the behind-the-scenes of some of Africa’s most exciting startups and tech hubs. Secure your spot here.

DevJam

Lagos Startup Week does not just celebrate the frontline players, it also recognizes the efforts of builders who make everything possible; this is done through DevJam.

DevJam celebrates builders who go behind the scenes, using specific innovations and tech advancements to reshape our lives and contribute to the growth of the ecosystem. If you are looking to stay ahead of the curve, Lagos Startup Week is the place to be.

These tracks not only enhance the learning value that Lagos Startup Week has to offer but also create vibrant communities of interest, fostering collaboration and meaningful discussions that attendees can carry forward into their professional journeys.

Join us in Lagos this July 8-13, 2024, to expand your knowledge of the tech landscape and make new connections. Early registration ensures you secure a spot at the event, gain access to exclusive tracks, and receive important updates. Visit the Lagos Startup Week website to register now

These individuals are a mix of entrepreneurs, developers, marketers and influencers driving innovation. They highlight Nigeria’s dynamic tech landscape, from fintech and edtech to content creation and diversity advocacy, shaping a vibrant future for innovation.

These individuals reflect Nigeria’s vibrant tech scene, blending innovation, advocacy, and social impact to drive progress.

Their work continues to inspire and shape the future of technology in Nigeria and beyond. Note that while some individuals are well-known, others are emerging voices, reflecting the diversity of the tech community.

1. Olugbenga Agboola

Olugbenga Agboola, known as GB, is the co-founder and CEO of Flutterwave, a fintech unicorn revolutionizing digital payments across Africa. Founded in 2016, Flutterwave simplifies transactions for businesses, processing billions annually.

Agboola’s vision has attracted over $450 million in funding, earning a $3 billion valuation. With a background in fintech solutions at PayPal and Standard Bank, he blends global expertise with local insight. His leadership has expanded Flutterwave to 33 African countries, empowering SMEs and connecting Africa to global markets.

Agboola’s influence extends beyond business; he’s a mentor inspiring youth to innovate. Recognized by Forbes, he’s a key figure in Nigeria’s tech boom, driving economic inclusion.

2. Iyinoluwa Aboyeji

Iyinoluwa Aboyeji is a serial entrepreneur who co-founded Andela and Flutterwave, two of Africa’s most impactful tech companies. Andela trains African developers for global firms, while Flutterwave streamlines payments.

Aboyeji’s ventures have raised over $500 million combined, showcasing his ability to attract investment. Now leading Future Africa, he supports startups solving Africa’s challenges. His work has created thousands of jobs, nurturing Nigeria’s tech talent.

A Forbes 30 Under 30 alum, Aboyeji advocates for policies to boost innovation. His global perspective, shaped by education in Canada, drives his mission to position Africa as a tech hub.

3. Tayo Oviosu

Tayo Oviosu founded Paga, a mobile payment platform serving over 20 million Nigerians. Launched in 2009, Paga enhances financial inclusion, enabling transactions for unbanked communities. Oviosu’s Stanford MBA and experience at Cisco informed his approach to scalable solutions.

Paga’s partnerships with Visa and Western Union have expanded its reach to Ethiopia and Mexico. Oviosu’s focus on user-centric design has made Paga a household name, processing billions in transactions.

Recognized as a tech pioneer, he mentors entrepreneurs and advocates for digital banking. His work bridges Nigeria’s financial gaps, empowering small businesses.

4. Maya Horgan Famodu

Maya Horgan Famodu, a Nigerian-American, founded Ingressive Capital, a $10 million venture fund supporting African startups. Launched in 2017, it backs fintech and edtech ventures, fostering innovation. She also runs Ingressive for Good, providing scholarships and tech training to African youth. Named in Forbes’ “Under 30 Technology,” Famodu became Sub-Saharan Africa’s youngest female fund founder at 25.

Her fund’s backers include Y Combinator and Nigeria’s sovereign wealth fund. Famodu’s work addresses funding gaps, empowering startups to scale. Her advocacy for women in tech amplifies her impact, inspiring Nigeria’s next generation.

5. Odunayo Eweniyi

Odunayo Eweniyi is the COO and co-founder of PiggyVest, a digital savings platform with over 4 million users. Launched in 2016, PiggyVest promotes financial discipline among Nigerian youth, managing $150 million in savings by 2023.

Eweniyi also co-founded FirstCheck Africa, investing in women-led startups. Her Forbes Woman Africa Technology Award reflects her influence.

With a background in business analysis, she drives PiggyVest’s user growth and product innovation. Eweniyi’s activism for gender equity in tech inspires women to enter the industry. Her platforms empower Nigerians to achieve financial independence.

5. Bosun Tijani

Bosun Tijani, co-founder of Co-Creation Hub (CcHub), pioneered Nigeria’s tech incubation scene. CcHub, launched in 2010, supports startups addressing local challenges, training thousands of innovators.

As Nigeria’s Minister of Communications and Digital Economy since 2023, Tijani drives the 3 Million Technical Talent program, aiming to skill up youth by 2027. His work fosters collaboration among entrepreneurs and investors, strengthening Nigeria’s ecosystem.

A global speaker, Tijani’s vision for tech-driven growth earned him recognition as a tech leader. CcHub’s impact spans healthtech and edtech, transforming lives across Nigeria.

7. Mark Essien

Mark Essien founded Hotels.ng, Nigeria’s leading online hotel booking platform. Launched in 2013, it simplifies travel planning, serving millions. Essien, a software developer, bootstrapped Hotels.ng before securing funding from Ventures Platform.

He also runs HNG Internships, training tech talent in coding and design. Essien’s TEDx talks inspire youth to leverage networks for business growth. His platform supports Nigeria’s tourism sector, creating jobs.

A startup investor, Essien’s contributions shape Nigeria’s digital economy, emphasizing local solutions for global markets.

8. Confidence Staveley

Confidence Staveley founded Cybersafe Foundation, promoting digital access and cybersecurity, especially for women.

A Forbes Technology Council member, she trains thousands in online safety, addressing Nigeria’s cybercrime challenges. Her work empowers marginalized groups, bridging digital divides.

Staveley’s advocacy earned her international accolades, including the Cybersecurity Woman of the Year award.

With a background in tech consulting, she combines expertise with social impact. Her foundation partners with global firms to enhance Nigeria’s digital literacy, fostering a safer internet for all Nigerians.

9. Tito Ovia

Tito Ovia co-founded Helium Health, a healthtech firm digitizing healthcare across Nigeria. Launched in 2016, Helium Health serves over 1,000 facilities, improving patient records and hospital efficiency.

Ovia, a public health advocate, drives partnerships to expand access to quality care. Her work earned her a Forbes 30 Under 30 nod. Previously with Lagos State’s AIDS Control Agency, she brings policy insight to tech.

Ovia’s vision for accessible healthcare transforms Nigeria’s medical landscape, empowering providers and patients alike.

10. Shola Akinlade

Shola Akinlade co-founded Paystack, a payment platform acquired by Stripe for $200 million in 2020. Paystack processes billions in transactions, enabling businesses to accept payments seamlessly.

Akinlade’s technical expertise shaped Paystack’s robust infrastructure, serving over 60,000 merchants. Based in Lagos, he continues to innovate in fintech, mentoring startups.

His work has made online payments accessible, boosting Nigeria’s digital economy. Akinlade’s success highlights Nigeria’s potential to produce globally competitive tech solutions, inspiring young entrepreneurs.

11. Fara Ashiru Jituboh

Fara Ashiru Jituboh is the CEO of Okra, a fintech API enabling businesses to access financial data. Launched in 2020,

Okra connects banks and startups, driving innovation in Nigeria’s financial sector. Jituboh’s engineering background informs her focus on seamless integration.

Okra has raised $12 million, reflecting investor confidence. Her leadership promotes financial inclusion, empowering SMEs with data-driven tools.

Jituboh’s work positions Nigeria as a fintech hub, inspiring women in tech to lead transformative ventures.

12. Chijioke Dozie

Chijioke Dozie co-founded Carbon, a digital bank offering loans, savings, and payments. Launched in 2016, Carbon serves millions, addressing Nigeria’s credit gap.

Dozie’s focus on scalable fintech solutions has raised over $30 million in funding. His strategic vision drives Carbon’s expansion across Africa.

A finance expert, Dozie combines market insight with tech innovation. His work empowers Nigerians with accessible financial tools, fostering economic growth. Carbon’s success underscores Nigeria’s fintech potential, inspiring digital banking adoption.

13. Michael Oduwole

Michael Oduwole is the chief operating officer (COO), Touch and Pay, transforms public transport payments in Nigeria.

His re fintech platform enables contactless payments via smartphones, easing commuter experiences. Launched in 2019, Touch and Pay serves millions, reducing cash dependency.

Nwafor’s operational expertise drives efficiency, securing partnerships with transport agencies. His work enhances urban mobility, aligning with Nigeria’s digital transformation goals. Oduwole leadership inspires women in fintech, showcasing tech’s role in solving everyday challenges.

14. Michael Akintayo

Michael Akintayo is a dynamic marketing and sales executive shaping Nigeria’s tech landscape. With a large following, Akintayo inspires a new generation of marketers, emphasising data-driven ads and customer engagement. His work aligns with Nigeria’s tech evolution, blending global trends with local insights. Akintayo’s vision extends beyond profit, aiming to uplift businesses and lives, making him a pivotal figure in Nigeria’s digital marketing and tech revolution.

15. Oluwaferanmi Ajetomobi

Oluwaferanmi Ajetomobi, known as Feranmi, is a leading fintech marketing strategist in Lagos, Nigeria, serving as Cenoa’s Country Lead since 2023.

With over seven years of experience, he specializes in growth strategy, content marketing, email campaigns, and copywriting, driving market-entry for brands like Cowrywise, Flutterwave, Nestcoin, and Refresh Yoghurt. Feranmi champions building minimum viable communities to spark traction, emphasizing early adopters over just MVPs.

His insights on fintech compliance, shared on X in 2023, highlight his advocacy for sustainable growth.

A University of Lagos graduate, he blends analytics and storytelling, earning recognition as a dynamic influencer in Africa’s tech ecosystem.

16. Tobi Ayeni (MissTechy)

Tobi Ayeni, founder of MissTechy, is Nigeria’s leading female tech blogger. Since 2015, her platform has reviewed gadgets and covered tech trends, reaching thousands via YouTube and Instagram. Ayeni’s vibrant videos simplify complex topics, empowering non-techies.

Recognized by BellaNaija, she inspires women in tech. Her work promotes digital literacy, bridging knowledge gaps in Nigeria’s tech ecosystem. Ayeni’s influence fosters a vibrant community of tech enthusiasts, particularly young women.

17. Adewale Yusuf

Adewale Yusuf co-founded Techpoint Africa, a leading platform covering Nigeria’s tech scene. He hosts Techpoint Build, a top tech conference connecting startups and investors. With 80,000 followers across LinkedIn and Twitter, Yusuf shapes tech narratives, highlighting innovation.

His work at AltSchool Africa nurtures talent, fostering a skilled workforce. Yusuf’s advocacy for education and startups drives Nigeria’s digital economy, inspiring the next generation of innovators.

18. Prosper Otemuyiwa

Prosper Otemuyiwa, aka Unicode, is a software developer and co-founder of forLoop Africa, a developer community. With 90,000 Twitter followers, he shares coding insights, mentoring thousands.

A former Google Developer Expert, Otemuyiwa ranked among GitHub’s top PHP developers globally. His work at AltSchool Africa trains tech talent, addressing Nigeria’s skill gap.

Otemuyiwa’s advocacy for open-source tech strengthens Nigeria’s developer ecosystem, fostering collaboration.

19. Adora Nwodo

Adora Nwodo, a Microsoft software engineer, advocates for women in tech. Based in Lagos, she creates content on coding and cloud solutions, with 85,000 Twitter followers.

Her book and YouTube channel inspire aspiring developers. Nwodo’s awards, like the Young CISO Excellence, highlight her impact. She mentors women, increasing diversity in Nigeria’s tech workforce. Her work bridges gender gaps, empowering a new generation of female techies.

20. Oladapo-Ogunsanya Segun (Kagan)

Sagan, a tech content creator, boasts 900,000 followers across YouTube, Instagram, and TikTok. Known for gadget reviews and digital imaging tips, he engages Nigeria’s youth with vibrant content. His expertise in colors and tech trends influences consumer choices.

Kagan’s social media presence promotes digital literacy, inspiring creators to explore tech. His work fosters a dynamic tech community, amplifying Nigeria’s digital culture.

21. Jason Njoku

Jason Njoku is the founder of iROKOtv, a leading African streaming platform for Nollywood content. Launched in 2011, iROKOtv has democratized access to Nigerian films, serving millions globally.

Njoku’s vision transformed African entertainment, raising over $40 million in funding. His entrepreneurial journey, from London to Lagos, reflects resilience, navigating Nigeria’s infrastructure challenges. Njoku also incubated ROK Studios, later acquired by Canal+ in 2019, marking a milestone for African media.

A vocal advocate for local content, he mentors startups, fostering Nigeria’s creative tech scene. His work bridges cultural gaps, amplifying Nollywood’s global reach.

22. Funke Opeke

Funke Opeke, CEO of MainOne, is a trailblazer in Nigeria’s digital infrastructure. Founded in 2010, MainOne’s undersea cable connects West Africa to global internet hubs, boosting connectivity. Opeke’s leadership has expanded broadband access, enabling Nigeria’s tech growth.

With a background at Verizon, she brings global expertise to local challenges. MainOne’s data centers support startups and multinationals, driving digital transformation. Named among Fortune’s Most Powerful Women, Opeke advocates for STEM education, inspiring women in tech. Her work powers Nigeria’s internet backbone, fueling innovation.

23. Sim Shagaya

Sim Shagaya is the founder of uLesson, an edtech platform revolutionizing learning for African students. Launched in 2019, uLesson offers curriculum-aligned content, serving over 2 million users.

Previously, Shagaya founded Konga, a pioneer e-commerce platform, showcasing his knack for scalable ventures.

His MBA from Harvard informs his strategic approach to education access. uLesson’s offline-first model addresses Nigeria’s connectivity gaps, empowering students. Shagaya’s investments in startups like Eden Life highlight his commitment to Nigeria’s tech ecosystem, fostering innovation in education and beyond.

24. Kola Aina

Kola Aina founded Ventures Platform, a leading venture capital firm investing in African startups. Since 2016, Ventures Platform has backed over 60 companies, including Paystack and PiggyVest, raising $100 million for early-stage ventures.

Aina’s focus on mentorship and ecosystem-building supports Nigeria’s startup growth. His background in law and tech entrepreneurship shapes his investment strategy, prioritizing impact-driven solutions.

Aina’s advocacy for inclusive funding empowers underrepresented founders, strengthening Nigeria’s tech hub status. His work catalyzes economic growth, creating thousands of jobs.

25. Obi Ozor

Obi Ozor co-founded Kobo360, a logistics tech platform optimizing freight in Nigeria. Launched in 2017, Kobo360 connects businesses with truck drivers, cutting costs and improving efficiency.

The platform has raised $50 million, serving clients like Unilever. Ozor’s experience at Uber and JPMorgan drives Kobo360’s data-driven approach. His vision for a digitized supply chain tackles Nigeria’s logistics woes, creating jobs for drivers. Ozor’s leadership earned him a spot on Fortune’s 40 Under 40, inspiring innovation in Nigeria’s transport tech sector.

26. Aniedi Udo-Obong

Aniedi Udo-Obong, Google’s Developer Ecosystem Lead for Sub-Saharan Africa, empowers Nigerian developers. Based in Lagos, she organizes DevFest and Google I/O events, training thousands in coding and AI.

Her work bridges Nigeria’s skill gap, connecting developers to global opportunities. Udo-Obong’s advocacy for local role models challenges reliance on Western icons like Zuckerberg.

With 20,000 Twitter followers, she amplifies Nigeria’s tech talent. Her efforts foster a vibrant developer community, driving innovation in Nigeria’s startup ecosystem.

27. Oluchi Enebeli

Oluchi Enebeli founded Web3 Ladies, a community onboarding women into blockchain and web3 tech. Launched in 2021, it has trained over 10,000 women across 15 African countries, offering mentorship and tools like laptops.

A blockchain engineer, Enebeli’s work addresses gender disparities in Nigeria’s tech sector. Her “Work Tool Assistance” program tackles access barriers, empowering women to thrive in decentralized tech.

Enebeli’s Forbes recognition highlights her impact, inspiring female techies to lead in Nigeria’s emerging web3 space.

28. Ada Nduka Oyom

Ada Nduka Oyom founded She Code Africa, a non-profit empowering women in tech. Since 2016, it has trained over 20,000 women in Nigeria and beyond in coding, cloud computing, and product design.

Oyom’s programs offer scholarships and bootcamps, addressing access gaps for women.

A computer science graduate, she leverages partnerships with Google and Microsoft to scale impact. With 30,000 Twitter followers, Oyom’s advocacy drives diversity in Nigeria’s tech workforce, fostering inclusive innovation and economic empowerment.

29. Olatunde Shobajo (Valor Reviews)

Olatunde Shobajo, known as Valor Reviews, is a tech YouTuber with over 150,000 subscribers. Since 2019, he has reviewed smartphones from Tecno, Samsung, and Xiaomi, focusing on affordability for Nigerians.

Based in Lagos, Shobajo’s engaging videos guide consumer choices, earning trust across social platforms.

His content promotes digital literacy, helping non-techies navigate gadgets. Shobajo’s awards, including TechPoint’s Tech Influencer, reflect his influence.

His work strengthens Nigeria’s tech content creation scene, inspiring young reviewers.

30. Oluwatobi Asehinde

Tobi Asehinde is a visionary entrepreneur and digital transformation leader whose work is redefining how individuals and organisations leverage technology for growth.

Tobi is the Founder and CEO of Digital Marketing Skill Institute (DMSI), an international EdTech company helping people acquire digital skills and transition into high-impact careers or entrepreneurial ventures.

With more than 115,000 learners across 37 countries and operations on four continents, DMSI stands as a testament to Tobi’s commitment to inclusive digital education and workforce development.

The move makes Abeg the first Nigerian social commerce platform to secure the CBN’s AIP for an MMO license. 

With a focus to enhance seamless payments and online commerce across Nigeria, Abeg is making a shift from being a money transfer app to a social commerce platform, and in this regard, rebranding to become “Pocket by Piggyvest” (PocketApp). 

Leveraging a social commerce market estimated to reach $23.8 billion by 2028 in Nigeria alone, the transition boosts Abeg’s operations, enabling users to buy and sell items using a virtual pocket shop from now on.

This marks the first step towards final approval for the startup, subject to the fulfilment of certain conditions as stipulated by the CBN. 

Sharing his pleasure about the approval, Odunayo Eweniyi, Co-Founder and COO of PiggyTech Global Limited, said: “We’re incredibly pleased that PocketApp has been granted an approval in principle as a Mobile Money Operator in Nigeria. We will now work closely with the Central Bank to meet all its conditions to receive the full operating license, enabling us to continue growing and expanding the scope of our social payments, social commerce and other digital financial products to reach millions of Nigerian micro-entrepreneurs.”

“PocketApp affirms its commitment to the financial inclusion agenda of the CBN and the Federal Republic of Nigeria and will continue to make it easier for our teeming young population to seamlessly carry out their transactions while saving them costs and giving them more access to get paid.”

The Mobile Money Operator license will enable the company to carry out activities around: Wallet Creation and Management, E-money issuing, USSD, agent recruitment and management, pool account management, non-bank acquiring as stipulated in the regulatory requirements for non-bank merchant acquiring in Nigeria, card acquiring, and any other activities that the CBN may permit.

Patricia Adoga, COO of PocketApp, said the company has been focused on building the core infrastructure that will enable secure social commerce and payments at scale for the past 18 months. “We believe that social commerce will thrive better in a more trusted environment. So we added escrow to our payment infrastructure, protecting buyers and sellers and many other features, ensuring a smooth shopping experience on the app.”

The app was launched as Abeg App in 2021. With the current change to PocketApp, the payments app has about 2 million users to date, initially focused on sending and receiving money. It has since ventured into a full social commerce app, connecting buyers and sellers across Nigeria and soon Africa.