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President Tinubu emphasizes youth as Nigeria's greatest asset to Mastercard CEO

President Bola Tinubu met with Mastercard Global Chief Executive Officer Michael Miebach, highlighting Nigeria's youth population as the country's most significant asset. Tinubu described Nigerian youth as tech-savvy and capable of integrating into the global economy, welcoming Mastercard's proposal to train five million Nigerian small businesses in digital skills. He stated that his reforms focus on empowering young people and small businesses with digital tools and urged Mastercard to strengthen its partnership with Nigerian institutions like the Bank of Industry. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, noted that economic reforms have created opportunities for Mastercard, with over 10,000 informal businesses applying for registration daily. Oyedele also mentioned the government's goal to empower three million Nigerian youths through the digital economy. Miebach, who established Mastercard's Nigeria operation in 2011, noted the company prevents $200 million in fraud annually in Nigeria and brings in $2 billion in foreign exchange. He identified Nigeria's 40 million small businesses as the primary target for Mastercard's next investment phase, outlining a three-year program to build capacity for small businesses and a Cyber Centre of Excellence to address digital threats.