Moniepoint has announced a ₦3 billion investment to establish innovation hubs across three federal universities in Nigeria over the next three years, in a move aimed at strengthening the country’s technology talent pipeline.
The company disclosed that the Moniepoint Innovation Hubs will be located at Obafemi Awolowo University, University of Nigeria Nsukka, and Ahmadu Bello University.
According to Moniepoint, the universities were selected to ensure a balanced distribution of innovation opportunities across Nigeria’s major geopolitical zones, rather than concentrating tech development in major cities alone.
The initiative was officially launched on Monday at OAU, Ile-Ife, during a ceremony attended by vice chancellors, students, industry stakeholders, and members of Nigeria’s technology ecosystem.
Moniepoint said each hub will serve as a permanent training centre offering hands-on programmes in software engineering, artificial intelligence, data science, robotics, product development, design, and entrepreneurship.
The company explained that the programme will operate through structured cohort-based learning, combining mentorship, practical experience, and real-world project execution to improve students’ career readiness.
Chief Executive Officer of Moniepoint Group, Tosin Eniolorunda, said the initiative is designed to build a sustainable pipeline of industry-ready tech talent in Nigeria.
He noted that Nigeria’s digital economy depends on developing strong local talent, adding that the company is intentionally expanding access to world-class technical training beyond traditional tech hubs.
Vice Chancellor of OAU, Adebayo Simeon Bamire, described the partnership as a significant boost for higher education and innovation, saying it would expand students’ opportunities and potential.
Beyond infrastructure funding, Moniepoint said it will provide curriculum support, mentorship, internship pathways, and access to its engineering and product teams.
Students will also benefit from exposure to live projects and direct engagement with Moniepoint’s wider network of engineers, investors, and industry leaders.
The company added that the initiative builds on earlier efforts through its STEM foundation and other programmes aimed at improving technical education and innovation capacity in Nigeria.
Analysts say the move reflects growing private-sector involvement in addressing Nigeria’s skills gap in the technology sector, particularly outside Lagos and Abuja.
