Africa’s leading all-in-one financial ecosystem platform, moniepoint.com�, has announced a landmark N3 billion investment to establish innovation hubs in three major Nigerian federal universities over the next three years.
The initiative, regarded as one of the biggest recent private-sector investments in Nigerian higher education, will see the creation of Moniepoint Innovation Hubs at Obafemi Awolowo University, University of Nigeria, Nsukka, and Ahmadu Bello University.
According to the company, the universities were selected to ensure balanced regional impact and expand opportunities across Nigeria’s diverse geographic landscape.
The hubs will function as centres for practical training in software engineering, artificial intelligence, robotics, data science, product development, design, and entrepreneurship.
Open to students from all academic disciplines, the programme will provide structured learning, mentorship, and real-world project experience aimed at preparing participants for careers in technology and innovation.
The initiative was officially unveiled at a ceremony held at Obafemi Awolowo University, Ile-Ife, attended by vice-chancellors of the three institutions, industry leaders, alumni, student representatives, and stakeholders within Nigeria’s innovation ecosystem.
Speaking at the launch, Moniepoint Group Co-founder and CEO, Tosin Eniolorunda, said the project was inspired by the foundational education he and other tech leaders received from Nigerian universities.
“When people look at successful companies like Moniepoint, they often forget that the journey started with the quality education we received in Nigerian universities,” he said.
“This initiative is our way of giving back and ensuring that Nigeria’s digital economy is supported by strong, local talent. By establishing these hubs in OAU, UNN, and ABU, we are deliberately spreading world-class technical training across the country.”
Eniolorunda added that Nigeria’s future depends heavily on the strength of its locally trained workforce and stressed the need for industry-ready talent to drive sustainable growth within the country’s digital economy.
Also speaking at the event, Vice-Chancellor of Obafemi Awolowo University, Professor Adebayo Simeon Bamire, described the partnership as a major boost for students and innovation development.
“The Moniepoint Innovation Hub will broaden learning opportunities for our students and redefine what they believe they can achieve,” he said. “We appreciate Moniepoint for investing in our institutions and creating new opportunities for young Nigerians.”
Beyond funding, Moniepoint said it would support the initiative through curriculum development, mentorship, internship opportunities, and expert-led training delivered by the company’s engineering, product, and business teams.
The company noted that the hubs are designed not merely as learning centres, but as launchpads for innovation where students can work on live projects and gain direct access to industry professionals, investors, and technology leaders.
The initiative builds on previous education-focused investments by the Tosin Eniolorunda STEM Foundation, including a CAD/CAM laboratory at OAU’s Department of Mechanical Engineering valued at over N100 million.
It also complements the HatchDev Programme at University of Lagos, championed by Moniepoint Co-founder and CTO, Felix Ike, in partnership with NiITHub, which trains about 500 young developers annually.
Moniepoint said the project aligns with its broader mission of creating financial happiness for Africans by investing not only in financial infrastructure but also in the talent and institutions that will shape Africa’s future economy
