Financial technology company Moniepoint Inc has announced a N3 billion investment to establish innovation hubs in three major federal universities across Nigeria over the next three years.
The initiative will see the development of technology and entrepreneurship hubs at Obafemi Awolowo University, University of Nigeria Nsukka, and Ahmadu Bello University as part of efforts to strengthen digital and technical education in the country.
According to the company, the hubs will provide practical training in software engineering, artificial intelligence, robotics, product design, data science, and entrepreneurship. The programme will be open to students from different academic backgrounds and will focus on equipping them with industry-ready skills through mentorship, structured learning and real-world projects.
The project was officially unveiled during a ceremony held at Obafemi Awolowo University, Ile-Ife, with vice-chancellors, industry leaders, students, and stakeholders from Nigeria’s innovation ecosystem in attendance.
Moniepoint Chief Executive Officer, Tosin Eniolorunda, said the investment was aimed at building a stronger pipeline of skilled technology talent within Nigeria and ensuring opportunities are spread across different regions of the country.
He noted that Nigerian universities played a major role in shaping the careers of many successful tech founders and stressed the need to invest back into the education system to support the future of the country’s digital economy.
The company also revealed plans to support the hubs beyond funding by offering mentorship, internship opportunities, curriculum support and direct collaboration with Moniepoint’s engineering and business teams.
Officials of the participating universities welcomed the initiative, describing it as a major step toward empowering students with practical innovation and technology skills that can compete globally.
Moniepoint added that the hubs are expected to serve as centres for creativity, innovation and entrepreneurship, helping young Nigerians develop solutions capable of driving Africa’s growing digital economy.
