The Federal Government has acknowledged Moniepoint Inc for its transformative role in Nigeria’s agricultural sector, particularly in strengthening the resilience of the Northeast’s agricultural value chain.
The fintech company was commended for its innovative digital payment solutions that are empowering smallholder farmers.
Special Adviser to the President on Economic Affairs, Dr. Tope Fasua, gave the commendation during the screening of a case study titled “Inside Nigeria’s Food Chain” in Abuja.
Dr. Fasua expressed his excitement about the documentary and the case study, noting how it showcases the significant role of digital financial services in fostering economic inclusion in rural communities.
He said, “I am happy and thrilled at the many things that this documentary and case study captures. It’s an eye-opener for people to see all of the operations going on.” He further emphasized how Moniepoint is changing market dynamics for the better, particularly by fostering digital payments in areas traditionally distant from technology adoption.
He also recognized the resilience of local farmers, noting, “We can see the resilience that our people have demonstrated in churning out grains, livestock, and agricultural products,” despite the ongoing security challenges.
The documentary highlights how these farmers, from areas like Borno State, continue to thrive even amidst difficulties. Fasua concluded by highlighting the significant role of digital payments in supporting financial inclusion, saying, “It is delightful to watch the confidence that the people have in digital payments, and Moniepoint has done a fantastic job in deepening adoption across the country.”
The case study also highlighted the strength of Nigeria’s informal, trust-based networks that power the food chain. These networks, which are built on generational knowledge and social capital, have shown greater adaptability in crisis situations than formal institutions.
Edidiong Uwemakpan, Vice President, Corporate Affairs at Moniepoint, explained the rationale behind the documentary, noting that the goal was to reveal the real-life impact behind the transactions that Moniepoint processes daily. She said, “In view of the amounts that we process monthly as a business, we sought to peel back the layers on the naira and kobo and uncover the stories behind the transactions and what they mean for Nigeria.”
She also explained how Moniepoint’s success is linked to tailoring services to fit the lifestyle and trading habits of Nigerians.
Uwemakpan pointed out that Borno State, often overshadowed by negative narratives, is actually home to a diverse agricultural base. “This documentary does not only focus on showcasing Moniepoint’s role in supporting food distribution, but it also reveals the state’s agricultural diversity, which contributes significantly to feeding millions of Nigerians,” she added.
Also, Communications expert Tolu Ogunlesi lauded the project, noting its importance not only for food security but for showcasing the resilience of the people.
“Watching the documentary, a lot of the towns mentioned became famous not for food but as Boko Haram affected regions. This project allows us to truly appreciate these areas for what they really contribute to the country’s socio-economic development,” Ogunlesi pointed out.
