Federal Government plans $75 million investment in Flutterwave IPO
via Punch Nigeria1 min read
The Federal Government plans to invest $75 million in Flutterwave's proposed $250 million initial public offering, marking the fintech's first listing of shares on a stock exchange. This investment, approved by President Bola Tinubu and to be executed through the Ministry of Finance Incorporated, aims to deepen participation in Nigeria's technology sector and strengthen confidence in domestic capital markets. The move is part of Flutterwave’s strategy to raise capital and broaden ownership through a public listing that could value the company at over $3 billion. Sources indicate that the government conducted extensive due diligence, including reviews by two of the Big Four accounting firms, before approving the investment. This proposed stake is intended to boost investor confidence in Nigeria’s digital economy and demonstrate the country's ability to support globally competitive technology companies. A source familiar with the deal stated that sovereign participation could help anchor the offering and attract additional institutional investors. This initiative follows months of engagement, including discussions in October 2025 between the Ministry of Finance, MoFI, and Flutterwave regarding a broader partnership to strengthen Nigeria’s digital economy and expand financial inclusion through payments infrastructure, SME support, and cross-border trade facilitation. Flutterwave, founded in 2016, is a leading African payments company providing cross-border payment solutions acro
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