Amidst misconceptions, Dr. Stephen Akintayo Foundation has clarified the concerns, misinformation and allegations surrounding its pricing in U.S. dollars instead of in Nigerian currency.
The Foundation noted that the reason behind its decision to price its products and services in dollars was based on the fact that her students, clients, and partners were not only in Nigeria, but across the U.S., U.K., UAE, Canada, Europe, and other parts of the world.
The Managing Director, Stephen Akintayo Foundation, Ikenna Mba, made the clarification in a statement on Tuesday, May 20th, 2025.
The statement reads, “In light of recent discussions and commentary surrounding the pricing of our mentorship program, we would like to directly address the concerns, misinformation, and allegations that have surfaced around the use of U.S. dollars.
“We understand that seeing dollar-denominated pricing from a Nigerian-born entrepreneur may raise questions. However, it’s important to offer clarity and transparency.
“The Stephen Akintayo Foundation and Stephen Akintayo International LLC are both U.S.-registered social enterprise companies. In addition, Dr. Stephen Akintayo currently resides in the United States.
“Our community includes students, clients, and partners not only in Nigeria, but across the U.S., U.K., UAE, Canada, Europe, and other parts of the world. Using a globally recognized and stable currency like the U.S. dollar enables us to operate seamlessly across borders and serve our international audience effectively.
“That said, we want to make it explicitly clear that while we price in dollars, clients from Nigeria are always welcome to pay the Naira equivalent—which is often even lower than the Central Bank exchange rate. This is a deliberate decision to ensure accessibility and fairness for our Nigerian community.
“This choice of currency is not a statement on identity. It is a practical decision made in line with our global footprint and operational efficiency.
“We remain unwavering in our commitment to build with integrity, lead with trust, and empower people to succeed.
“These values have been the foundation of our life’s work and will continue to guide everything we do.
“To everyone who has supported and believed in this vision—we say thank you. Together, we continue to build a future rooted in truth, excellence, and genuine empowerment”.