Fintech business Moniepoint has actually revealed a N3 billion investment to establish innovation hubs in 3 Nigerian federal universities over the next 3 years, in a relocation aimed at strengthening the country’s technology skill pipeline.
The business disclosed on Monday that the Moniepoint Innovation Hubs will be located at Obafemi Awolowo University (OAU), University of Nigeria, Nsukka (UNN), and Ahmadu Bello University (ABU), Zaria.
According to Moniepoint, the universities were picked to make sure technology and development chances are spread across Nigeria’s major areas instead of being concentrated in a single city.
The effort was formally launched at OAU, Ile-Ife, throughout an occasion gone to by vice chancellors of the 3 universities, industry stakeholders, trainee representatives, alumni, and members of Nigeria’s innovation community.
Moniepoint said each center will function as a permanent training centre for trainees throughout different professors, providing hands-on programs in software engineering, artificial intelligence, information science, robotics, item advancement, design, entrepreneurship, and other technology-related disciplines.
The business included that the hubs would run through structured cohort-based programs integrating mentorship, practical learning, and real-world tasks to improve trainees’ profession preparedness.
Speaking at the launch, Moniepoint Group Co-founder and Chief Executive Officer, Tosin Eniolorunda, said the effort is intended to construct a sustainable pipeline of industry-ready technology talent in Nigeria.
“When you take a look at the success of companies like Moniepoint, it’s easy to forget that all of it started with the foundational training we got right here in Nigerian universities,” Eniolorunda said.
“Nigeria’s digital economy can not work on potential alone; it needs tremendous, localized talent density. By releasing these Innovation Hubs beginning with OAU, UNN, and ABU Zaria, we are intentionally anchoring world-class technical abilities throughout the country,” he included.
Eniolorunda likewise exposed that the business prepares to extend the effort to other tertiary institutions in the future.
Vice Chancellor of OAU, Teacher Adebayo Simeon Bamire, explained the partnership as a substantial boost for higher education and innovation in Nigeria.
“This collaboration with Moniepoint Group is a powerful affirmation of our belief that knowledge should serve society,” Bamire said.
“The Moniepoint Development Hub will not just expand what our trainees can discover but also change what they believe is possible,” he included.
Beyond funding the physical hubs, Moniepoint stated it would supply curriculum assistance, mentorship chances, internship paths, and expert-led knowing sessions through its engineering, product, and service teams.
The business noted that getting involved students would access to live jobs and direct connections to Moniepoint’s network of engineers, investors, and market leaders.
Moniepoint said the initiative constructs on previous financial investments made through the Tosin Eniolorunda STEM Structure, consisting of a CAD/CAM laboratory worth over N100 million at OAU’s Department of Mechanical Engineering.
The company likewise highlighted the HatchDev programme at the University of Lagos, led by Moniepoint Co-founder and Chief Technology Officer Felix Ike in partnership with the NiITHub innovation centre, which trains about 500 developers every year.
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