Moniepoint has unveiled a bold N3 billion investment plan that will reshape how Nigeria develops tech talent.
The fintech company will establish innovation hubs across three major federal universities, a move designed to produce about 500 developers every year and strengthen the country’s digital workforce.
The company confirmed that the Moniepoint Innovation Hubs will launch at Obafemi Awolowo University, University of Nigeria Nsukka, and Ahmadu Bello University Zaria over the next three years.
These hubs will focus on software engineering, artificial intelligence, robotics, product design, and entrepreneurship.
Moniepoint said it wants to move talent development closer to where students already are.
Instead of relying only on major tech clusters in Lagos and Abuja, the company is spreading opportunities across different regions of Nigeria.
This strategy aims to close the growing gap between industry demand and available skilled engineers.
The fintech firm, Moniepoint, explained that the programme will combine structured cohort learning, mentorship, and live industry projects.
Students from all academic disciplines can apply, not only those in computer science.
This approach encourages wider participation and earlier exposure to real-world tech work.
The initiative builds on earlier efforts linked to Moniepoint’s founders.
The company highlighted the HatchDev programme at the University of Lagos, which already trains around 500 developers each year.
That model now serves as the foundation for the expanded national rollout.
Industry analysts believe this expansion comes at a critical time. Nigerian startups continue to face shortages of experienced engineers.
Demand for AI specialists, data scientists, and product designers has also surged, driven by rapid fintech and digital service growth.
Speaking at the launch event at OAU in Ile-Ife, Moniepoint co-founder and CEO Tosin Eniolorunda said Nigeria must build stronger local talent pipelines to sustain its digital economy.
He stressed that the success of companies like Moniepoint started inside Nigerian universities and must now be replicated at scale.
He also noted that the digital economy cannot depend on potential alone.
According to him, real growth requires deep, localized technical training and consistent exposure to global-standard tools and systems.
Moniepoint plans to extend the programme to more universities in the coming years.
The Vice Chancellor of OAU, Adebayo Simeon Bamire, described the partnership as a major boost for innovation, research, and employability among Nigerian students.
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