Moniepoint has signed agreements with three federal universities to establish innovation hubs worth three billion naira over the next three years, creating permanently endowed centers for technical education at Obafemi Awolowo University in Ile-Ife, the University of Nigeria in Nsukka, and Ahmadu Bello University in Zaria, each receiving one billion naira.

The signing ceremony at OAU was attended by the company’s co-founder and group chief executive, vice-chancellors of all three institutions, student representatives, alumni, and members of Nigeria’s technology industry. The three universities were selected to distribute the impact across Nigeria’s geographic regions, with each hub designed to serve students from all faculties rather than only engineering or technology departments.

The hubs will offer structured, cohort-based learning in software engineering, data science, artificial intelligence, robotics, product development, design, and entrepreneurship. Students will work on live projects, access mentorship from industry practitioners, and be connected to internship pathways through Moniepoint’s engineering, product, and business teams. The company said its goal was not simply to teach technical skills but to produce builders and problem-solvers equipped for the realities of the African technology economy.

The co-founder said the initiative was an act of paying forward the foundational training that Nigerian universities had provided to Moniepoint’s own founders. He said the country’s digital economy could not run on potential alone but required dense, locally distributed technical talent. He added that the three universities selected for the first phase were a starting point, with other institutions expected to join as the program expanded.

The vice chancellor of OAU described the partnership as an affirmation of the university’s conviction that knowledge must serve society, and committed the institution to ensuring that every naira of the investment translated into genuine opportunity for students.