Moniepoint Announces N3 bn Innovation Hub at Three Universities

Moniepoint has entered a landmark agreement with three federal universities to establish innovation hubs worth N3 billion over the next three years.

The universities are Obafemi Awolowo University, Ile‑Ife (OAU); the University of Nigeria, Nsukka (UNN); and Ahmadu Bello University, Zaria (ABU).

Signed at OAU, the deal allocates N1 billion to each institution for the construction of a modern innovation hub on campus.

The signing ceremony was attended by Moniepoint Co‑founder and Group CEO Mr. Tosin Eniolorunda, the Vice‑Chancellors of all three universities, senior leaders from academia and industry, student representatives, alumni, and members of Nigeria’s broader innovation ecosystem.

Speaking about the initiative, Eniolorunda said: “When you look at the success of companies like Moniepoint, it’s easy to forget that it all started with the foundational training we received right here in Nigerian universities. This initiative is about paying that trust forward. Nigeria’s digital economy cannot run on potential alone; it requires immense, localized talent density.”

Vice Chancellor of Obafemi Awolowo University, Professor Adebayo Simeon Bamire, added: “Obafemi Awolowo University has always stood for excellence, and for the belief that knowledge must serve society. This partnership with Moniepoint Group is a powerful affirmation of that conviction. The Moniepoint Innovation Hub will not only expand what our students can learn but also transform what they believe is possible.”