African fintech giant Flutterwave has promoted more than 100 employees, representing approximately 25% of its workforce, across its global operations and introduced a company-wide economic support package.
This move reflects a growing trend among technology companies aiming to retain skilled talent amid rising living costs and increased competition for workers.
The promotion programme forms part of a broader employee welfare initiative that includes a one-time economic relief payment for staff worldwide.
Employees in Nigeria will also receive additional tax support and cost-of-living adjustments following recent regulatory and fiscal changes that have reduced disposable income.
The announcement comes as Nigeria's technology sector faces intensified talent retention challenges due to inflation, currency pressures and growing demand for experienced technology professionals.
Flutterwave’s approach signals a broader shift in Nigeria’s tech ecosystem, where companies are adopting targeted welfare measures beyond traditional salary reviews to mitigate economic volatility.
In recent years, startups and technology firms have introduced retention-focused strategies such as salary adjustments, employee stock ownership plans, remote work benefits and hardship allowances during periods of high inflation.
Speaking on the development, Olugbenga Agboola, founder and chief executive officer of Flutterwave, said employees are central to the company’s growth and innovation strategy. He emphasised that future advancement opportunities will remain tied to performance and leadership.
The employee support package is part of Flutterwave’s long-term talent development strategy.
According to Annette Akpolo, chief people and culture officer at Flutterwave, the initiative aims to balance merit-based career progression with broader employee welfare priorities.
She said: “Our goal has always been to build an environment where our people can focus on doing their best work, rather than being weighed down by economic anxiety.”
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