Iyinoluwa Aboyeji has emerged as the only Nigerian inducted into the World Economic Forum 2018 Young Global Leaders (YGL), a platform for young innovators and influencers in the world.
Earlier this week, the World Economic Forum unveiled 100 young leaders in the 2018 Young Global Leaders forum acknowledging their outstanding and unique achievements in their various fields. The Co-founder of Andela and Flutterwave, Iyinoluwa, secured a lonely spot as the only Nigerian on this list of the world’s most promising artists, business leaders, public servants, technologists and social entrepreneurs.
The 27-year old was acknowledged for his role in creating Flutterwave, a digital payments platform designed to make it easier to do business across the continent. And also co-founding Andela, a company training African developers and hiring them out to global tech companies.
Flutterwave’s award-winning payments infrastructure for banks and businesses has been a major part of the Fintech ecosystem in Africa processing more than $1.2 billion dollars across 10 million transactions and introducing 4 different products to enable Africans easily transact and transfer cash online. The startup raised over $10 million in a Series A round of funding last year.
Last month, the Vice President of Nigeria, Yemi Osinbajo, also acknowledged the impact of startups like Andela and Flutterwave while on a tour of major Nigerian startups.
The Young Global Leaders forum is an initiative by the World Economic Forum to bring together young leaders under 40 doing ground-breaking work in the public sector and business in order to “forge a new model of global governance for the Fourth Industrial Revolution.” The nomination is based on “ground-breaking work, creative approaches to problems and ability to build bridges across cultures and between business, government, and civil society.”
An honorary induction is conducted every year to enlist these “diverse technologists, teachers, entrepreneurs and innovators in a process of discovery, to achieve more collectively than they could on their own,” followed by a five-year programme that will encourage collaboration and challenge them to become better leaders.
In 2016, Nigeria had two representatives: Muntaqa Umar-Sadiq, who runs a private sector initiative to mobilize the broader business community towards improving health outcomes and Abayomi Awobokun, CEO of Oando, Nigeria’s biggest indigenous oil retailing major. Lois Auta, who’s an advocate for disabled people’s rights in Nigeria was also the only Nigerian in 2017.