Nigeria Showcases Local Content Success Story at 2025 Namibia Conference

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14/08/2025

Nigeria’s local content successes in the oil and gas industry was a constant reference point in discussions at the opening day of the 2025 Namibia Oil and Gas Conference, which began on Tuesday at Windhoek, Namibia.

The event is being attended by policymakers, international oil and gas operating and service companies, Namibian indigenous players and other stakeholders. The goal is to enhance the local content ecosystem in the Southern African country’s evolving oil and gas industry.

The Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) are participating at the Namibian event in furtherance of their collaboration in the promotion of African local content, creation of opportunities and new markets for Nigerian oil and gas companies.

The Board’s delegation is led by the Executive Secretary, Engr. Felix Omatsola Ogbe, represented by the Director, Corporate Services, Dr. Abdulmalik Halilu, while the PETAN team is led by its chairman and member of NCDMB Governing Council, Mr. Wole Ogunsanya.

Halilu delivered a presentation at the Local Content Masterclass at the opening, and outlined a number of strategies that African oil producing countries can adopt to grow their local content capabilities.

According to him, local content value proposition for Africa includes research and technology development, local employment, strategic partnerships, ownership and control of assets, value chain optimisation, sustainable operations, increase production and utilisation of locally made goods and contribution to Gross Domestic Product (GDP).

He identified government’s role in supplier development as regulatory, developmental and promotional.

Using Nigeria as a case study, Halilu listed key achievements of NCDMB to include the establishment of world class fabrication and construction yards, human capital development, manufacturing initiative, service sector growth, financial support and establishment of integration capability for floating production and storage and offloading facility (FPSO).

On the new wave of local content development in Nigeria, the Director pointed to the promotion of equipment assembly and components manufacturing, development of small and medium enterprises, enforcement of research and development and technology transfer as well as prioritization of gas-based industrialisation.

Dwelling on strategies that would support the growth of African local content, he urged oil-producing countries to specialise in different manufacturing and service areas of the oil and gas industry and develop their competencies to the right specifications. This will enable the countries to trade among themselves and contribute towards the manufacturing of complex oil and gas equipment.

He cited an example with the Boeing aircraft, which has critical components produced by different original equipment manufacturers (OEMs) and assembled at a designated factory. Such a model, he noted, will ensure that each African country develops a competitive advantage and can contribute effectively to the African oil and gas industry.

The representative of the Executive Secretary concluded by offering local content nuggets, which include that local content implementation is not a sprint but a marathon and must be executed as a business and not as corporate social responsibility. Local content must also be cost effective and local peculiarities must be given key considerations, he noted.

Other recommendations include that local content regulations must apply to all players in the industry and not only foreign companies or expatriates and the implementation takes time, consistency, and coordination. He equally suggested that capacity building initiatives should include grassroots and underserved communities, adding that local content practice would not grow if new projects are not developed.

He ended by assuring the audience that Nigeria is ready to partner with Namibia and other African nations to build an energy sector that empower the African people and drive shared prosperity.

The opening day also featured a presentation by NCDMB’s General Manager, Human Capacity Development, Esueme Dan Kikile, Esq. He further shared the Board’s success stories in human capital development.

The conference continues till Friday and is expected to feature another presentation by the NCDMB boss while one of the panel discussions would feature the Chairman of PETAN, Mr. Wole Ogunsanya.

FG Pledges Stronger Policy, Funding Support for Creative Industry

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14/08/2025

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The Presidency has reaffirmed President Bola Tinubu’s commitment to strengthening Nigeria’s creative industry through sustained policy backing, increased investment, and an enabling business environment.

Speaking at the inaugural Creative Powerhouse Summit (QED-NG) in Lagos, Senior Special Assistant to the President on Media and Publicity, Mr. Temitope Ajayi, lauded the sector’s “remarkable” achievements over the past decade in promoting Nigeria’s cultural heritage and positioning the country as a global creative hub.

The summit, themed “Financing as a Catalyst for a Thriving Creative Economy,” brought together stakeholders from film, music, fashion, arts, and technology to explore sustainable funding models and strengthen industry-investor linkages.

“President Tinubu has demonstrated his commitment to the creative sector by dedicating a full ministry to its development,” Ajayi said. “The government will continue to support the industry with policies to ensure it grows in leaps and bounds.”

Ajayi urged creatives to embrace partnerships and actively engage with investors capable of scaling ideas into commercially viable ventures.

“The graveyard is full of ideas that died with their creators, never seeing the light of day,” he cautioned. “Without testing market viability and scalability, you cannot be sure your idea will change the world. It’s better to own 10% of something than 100% of nothing.”

Convener of the summit, Olumide Iyanda, said the event was designed to connect creative entrepreneurs with financiers and policymakers to unlock the sector’s full potential.

“The creative industry is one of Nigeria’s strongest export assets,” Iyanda noted. “Our goal is to bridge the funding gap and create the right environment for local talent to compete globally.”

Ajayi praised the organisers for fostering dialogue between industry leaders and investors, adding that with the right blend of government policy, private capital, and collaborative innovation, the creative industry would continue to generate jobs, strengthen Nigeria’s soft power, and consolidate the nation’s place as Africa’s cultural capital.

QEDNG Summit: Creative Industry Needs Patient Capital, Fresh Mindset

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13/08/2025

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Stakeholders have called for long-term financing of projects and a shift in the mindset of creative entrepreneurs as essential tools in enabling the creative industry to thrive.

The creative industry stakeholders reached this consensus in Lagos on Tuesday at the maiden edition of QEDNG Creative Powerhouse Summit organised by Mighty Media Plus Network Limited.

Themed “Financing as Catalyst for a Thriving Creative Economy,” the summit brought together filmmakers, musicians, fashion designers, journalists, business and thought leaders, bankers and government officials, among others, to brainstorm on how to make creatives in Nigeria thrive and not just survive.

In his welcome address, Founder and Chief Executive Officer of Mighty Media, Olumide Iyanda, called for “honest conversations,” noting that it is time for creatives to think and act smart for the industry to bloom.

“Nigeria’s creative economy contributes approximately $5.6 billion to our GDP and it is the second highest employer in the country. The federal government has set a bold goal of raising the sector’s contribution to $100 billion by 2030. The plan seeks to position Nigeria as a leading creative and entertainment hub on the global stage,” he said.

According to him, talents and ideas abound, but the real challenge is turning them into “something people can see, hear, touch and actually pay for.”

“We need honest conversations. We need new partnerships. We need to think big and act smart,” Mr Iyanda, who doubles as Publisher of QEDNG and Convener of the QEDNG Creative Powerhouse Summit, added.

Group Managing Director of SO&U, Udeme Ufot, in his capacity as chairman of the summit, hailed QEDNG as a platform which has “steadily grown into a reputable voice in Nigeria’s media and digital journalism space through its commitment to telling authentic stories, amplifying emerging voices, and shaping conversations that reflect our evolving national identity. Its journey mirrors the core theme of this summit: unlocking potential through vision and purpose.”

He agreed that capital is required to unlock the potential of Nigeria’s creative economy and that capital must be sustainable and accessible.

“Because without access to sustainable and strategic funding, creativity struggles to scale. Ideas remain trapped in notebooks. Studios shut down. Talent goes untrained. And potential remains just that – potential!” he said.

“The issue is not just about throwing money at the industry. It is about smart financing. It is about investors who understand the long tail of content development, banks willing to develop products tailored for creative entrepreneurs, governments designing policy environments that reward innovation and risk-taking, and private sector leaders championing scalable, locally relevant business models,” Mr Ufot noted.

The advertising expert urged Nigerian creative entrepreneurs to demonstrate sound financial management and assure investors that funds entrusted to them will be used responsibly.

Founder of The Africa Soft Power Group, Dr. Nkiru Balonwu, kicked off discussions with her engaging keynote speech.

“The challenge, I think, is not the absence of capital but the lack of scalable, structured investment frameworks that the industry needs to thrive,” she said.

Balonwu referenced the recent announcement of Afreximbank’s billion-dollar Africa film fund under its Mechanics Programme as a welcome step forward but cautioned that its impact depends on effective implementation and alignment with industry needs.

She noted that at the national level, capital exists in theory, but the real gaps lie in design, accessibility and alignment with the practical needs of entrepreneurs.

According to her, these funds serve large-scale projects while most creatives in Nigeria are operating at the micro or early growth level.

“Part of what we need is tier-targeted financing (early-stage grants), seed capital, patient equity, all tailored to the creative life cycle. We need financing designed for the messy middle, not just the glamorous headline projects or the polished final product,” she said.

Balonwu, former chief executive of Spinlet, the first music streaming and digital distribution platform in Sub-Saharan Africa, called for long-term financing solutions that support not just content production but also the often-overlooked infrastructure critical for a thriving creative economy, including intellectual property banks, data centres, legal support, domestic distribution networks, rights management platforms, efficient payment systems and affordable production facilities.

“This requires a mindset shift. Creatives must see themselves not just as artists but as businesspeople, institution builders and financially literate architects of enterprise. Financing must be smart, responsive, and tailored to the entire creative process, not just consumption,” she said.

Balonwu also noted the impact of Artificial Intelligence (AI) in the industry, urging creatives to see it as an enabler, not as a threat.

President Bola Tinubu’s Senior Special Assistant on Media and Publicity, Temitope Ajayi, in his goodwill message, assured that the government would continue to support the creative sector.

“In terms of promoting the cultural export of Nigeria, the creative sector in the past decade has really done well. So, we must commend the operators of this sector for the good job they are doing,” he said.

Ajayi added that creators must grow beyond “subsistence thinking” for the industry to thrive.

On the panel to dissect the keynote speech were filmmaker and Founder of KAP Group, Kunle Afolayan; President and Founder of All-Africa Music Awards (AFRIMA), Mike Dada; Founder of Africa Film Finance Forum (AFFF), Mary Ephraim-Egbas, and Founder of Duke of Shomolu Productions, Joseph Edgar.

The panellists, during the session moderated by broadcaster, Anike-Ade Funke Treasure, agreed that funding is key to unlocking the industry’s potential but cited difficulties in accessing these funds both from banks, investors and the government.

Former Lagos State Commissioner for Tourism, Arts and Culture, Steve Ayorinde, moderated the second panel, which had the Executive Director of the National Film and Video Censors Board (NFVCB), Dr Shaibu Husseini; Head of SME Banking at First Bank of Nigeria, Dr Abiodun Famuyiwa; Head of Legal and Business Development at The Temple Company, Yemisi Falaye and Group Head of Large Corporates and Structured Finance at Providus Bank, Dr Biodun Ariyo.

While Husseini restated the Nigerian government’s provision of funds for the creative industry, the bankers assured of an open mind to understand the complexities of the industry, which would translate into funding.

Plaques were presented on behalf of QEDNG to some of the notable participants by the Publisher of Realnews Magazine and President of the Guild of Corporate Online Publishers (GOCOP), Maureen Chigbo; Editor of Vanguard Newspaper and President of the Nigerian Guild of Editors (NGE), Eze Anaba, and veteran actress and film director, Joke Silva.

Among the participants at the summit were the Special Adviser to Lagos State Governor on Media and Publicity, Gboyega Akosile; Group Head, Brand Management and Corporate Communication of Polaris Bank, Rasheed Bolarinwa, and former Osun State Commissioner for Information and Orientation, Funke Egbemode.

Stanbic IBTC Bank Clinches 2 Awards at Cosmopolitan The Daily Business Awards

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13/08/2025

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In a remarkable display of excellence, Stanbic IBTC Bank has been honoured with two prestigious accolades at the Cosmopolitan The Daily Business Awards. The bank received top honours as the Best Cash Management Bank and the Best Trade Finance Bank in Nigeria, underscoring its commitment to excellence in financial services.

The Cosmopolitan The Daily Business Awards is a reputable platform dedicated to recognising and celebrating the remarkable achievements of businesses globally, encompassing both public and private sectors. These esteemed awards highlight organisations that exemplify innovation, creativity, and a relentless pursuit of value creation.

Stanbic IBTC Bank’s recognition in these categories reflects its steadfast dedication to delivering exceptional cash management and trade finance solutions that cater to the unique needs of its clients.

The bank’s innovative approach and customer-centric services have positioned it as a leader in the financial landscape, enabling businesses to navigate complexities in today’s economy with confidence.

Commenting on the awards, Eric Fajemisin, Executive Director of Corporate and Transaction Banking, Stanbic IBTC Bank, said: “We are honoured to be recognised as Nigeria’s Best Cash Management Bank and Best Trade Finance Bank at the Cosmopolitan The Daily Business Awards. These awards are a reflection of our steadfast commitment to excellence and innovation in financial services. At Stanbic IBTC Bank, we believe in empowering our clients by providing tailored solutions that drive their success and foster economic growth in Nigeria. This achievement motivates us to continue setting high standards and delivering exceptional value as we navigate the evolving landscape of banking together.

The accolade for Best Cash Management Bank acknowledges Stanbic IBTC Bank’s proficiency in providing tailored solutions that enhance liquidity and optimise cash flow for companies of all sizes. The award for Best Trade Finance Bank is also testament to the bank’s robust offerings that facilitate international commerce, empowering local businesses to expand their reach globally.

Jesuseun Fatoyinbo, Head of Transaction Banking, Stanbic IBTC Bank, emphasised that these accolades are not just honours; they reflect our relentless pursuit of excellence and commitment to fostering economic growth in Nigeria. “Together, we will continue to redefine what is possible in transaction banking.”

The bank remains committed to driving innovation and offering value-added services that enable its clientele to thrive in an ever-evolving business environment.

With these honours, the bank continues to set the benchmark for others in the industry, proving that commitment, innovation, and strategic thinking are the cornerstones of successful business operations.

GAIM 6: Fidelity Bank Unveils 20 New Millionaires in 7th, 8th Monthly Draws

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13/08/2025

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L-R: Regional Bank Head, Lagos Central, Fidelity Bank Plc, Chioma Nwankwo; Divisional Head, Product Development, Fidelity Bank Plc, Osita Ede; Principal Legal Officer, Lagos State Lottery and Gaming Authority, Oyinkan Kusamotu; Winners of the 4th, 5th and 6th monthly draws of the Get Alert in Millions (GAIM) 6 Promo – Stephanie Onome Gere, Itua Michael Ehinomen, Maduabuchi Kalu Anya, and Chioma Grace Nnodim; South-West Zonal Coordinator, Federal Competition and Consumer Protection Council (FCCPC), Aboluwade Margaret; and Group Head, Savings and Retail Sales, Fidelity Bank Plc, Oladimeji Saka; during the prize presentation ceremony for the winners of the 4th, 5th and 6th monthly draws of the Fidelity Bank GAIM 6 promo held in Lagos recently.

Leading financial institution, Fidelity Bank Plc, has reaffirmed its dedication to financial empowerment and a savings-oriented culture with the emergence of twenty new millionaires in the seventh and eighth monthly draws of its Get Alert in Millions (GAIM) Season 6 Savings Promo.

The draw event, held at the bank’s headquarters in Lagos, featured the announcement of the lucky winners and the formal Prize Presentation Ceremony for winners in the fourth, fifth, and sixth monthly draws.

Speaking at the event, Dr. Ken Opara, Promo Chairperson and Executive Director, Lagos & South West, Fidelity Bank Plc, represented by Chioma Nwankwo, Regional Bank Head, Lagos Central, Fidelity Bank Plc, emphasised the bank’s mission to drive financial well-being through responsible saving habits.

“At Fidelity Bank, we believe that financial well-being begins with cultivating smart saving habits. This belief inspired the GAIM 6 promo — a strategic initiative aimed at encouraging and rewarding a culture of consistent savings among our customers,” she stated.

Further highlighting the impact of the GAIM 6 promo, she noted that, “For us, it is not just about winning but helping our customers to build a secure financial future. To ensure this, these winners also receive financial advisory to help them grow and manage their wealth effectively.”

At the event, 10 winners each from the seventh and eighth draws emerged from various geo-political zones across Nigeria, demonstrating the widespread reach and impact of the campaign. The draws were conducted electronically and supervised by representatives from the Federal Competition and Consumer Protection Commission (FCCPC) and other relevant regulatory bodies to ensure transparency and fairness.

The event also featured the formal presentation of prizes to winners from the Fourth, Fifth, and Sixth Monthly Draws. Among the beneficiaries who received their ₦1 million prizes at the ceremony were Stephanie Onome Gere, Itua Michael Ehinomen, Maduabuchi Kalu Anya, and Chioma Grace Nnodim.

One of the beneficiaries, Chioma Grace Nnodim, expressed her appreciation to Fidelity Bank saying; “This is a life-changing moment for me. I had heard of others winning, but I never imagined I would become a millionaire just by saving consistently. I encourage all Nigerians to open a Fidelity Bank account and start saving – you never know when your alert will come.”

Now in its final month and ahead of the grand finale, GAIM 6 has disbursed about N85.4 million to 2,561 customers through various draws, including ₦60 million to 60 monthly winners, ₦7million to 700 student Flex account holders, and ₦4.5 million to nine NYSC members. Special day rewards included ₦1 million each on Women’s Day and Workers’ Day, ₦10 million on Children’s Day, and ₦7.7 million shared among 1,550 weekly consolation winners.

Through GAIM 6, Fidelity Bank continues to promote financial empowerment, reward loyalty, and foster a savings culture among Nigerians, staying true to its mission to help individuals grow, inspire businesses to thrive, and empower economies to prosper.

Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.

The Bank is a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine.

Additionally, the Bank was recognised as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.

NAICOM Inaugurates 2025 Recapitalisation Committee to Achieve $1tn Economy Target

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13/08/2025

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The National Insurance Commission (NAICOM) has constituted a 2025 Recapitalisation Committee, following President Bola Ahmed Tinubu’s assent to the Nigeria Insurance Industry Reform Act (NIIRA) 2025.

Chaired by Mrs. Oluwatoyin Charles, Director of Supervision, the Committee’s primary responsibility is to oversee the implementation of the recapitalisation program. This includes ensuring compliance with revised capital requirements and promoting transparency and integrity in sourcing and verifying capital inflows.

The Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, emphasised the critical role of recapitalisation in stabilising the industry and contributing to Nigeria’s $1 trillion economy vision during the Committee’s inauguration in Abuja.

He urged the 11-member Committee to approach their task with professionalism, diligence, and commitment to the common interest, assuring them of necessary support.

Some of the Key Terms of Reference for the Committee:

Develop a Recapitalisation Roadmap: Create a detailed plan for the Commission and the insurance industry.
Guidelines and Circulars: Develop guidelines and circulars on recapitalisation.
Minimum Capital Requirements: Recommend the composition of Minimum Capital Requirements.
Incentives and Concessions: Identify incentives and concessions that may be obtained from other regulatory authorities.

The Committee will submit monthly progress reports to Management and provide quarterly updates to the Governing Board and stakeholders. NAICOM is confident that the Committee will successfully deliver on its mandate, shaping the future of Nigeria’s insurance sector.

The Committee’s success is vital to the industry’s stability and growth, and NAICOM looks forward to collaborating with all stakeholders to achieve this objective.

With the NIIRA 2025, NAICOM aims to position the insurance industry for greater transparency, innovation, and global competitiveness, aligning with the Federal Government’s vision of achieving a $1 trillion economy.

Stanbic IBTC, NEM, Zenith, STI, Ecobank, KBL for Business Journal Fintech Roundtable 2025

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12/08/2025

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As the countdown begins for the 2^nd Business Journal Fintech & Financial Inclusion Roundtable 2025 coming up on Friday, August 29, 2025 at Oriental Hotel, Lekki Road, Lagos, corporate titans have continued to support the event in terms of corporate sponsorship.

THEME: Fintech & Financial Inclusion: The Opportunities & Challenges for Nigeria

Time is 10.00 am prompt.

The Roundtable would be Chaired by Dr. Umaru Kwairanga, Group Chairman, Nigerian Exchange Group (NGX) while Dr. Biodun Adedipe, Chief Consultant/CEO, Biodun Adedipe & Associates will deliver the Keynote paper.

The corporate partners already supporting the Roundtable include Stanbic IBTC Holdings Plc, NEM Insurance Plc, Zenith Bank Plc, Sovereign Trust Insurance Plc and Ecobank Nigeria. Others are KBL Insurance Limited and Tielle Travel App.

Commenting, the Publisher/Editor-in-Chief of Business Journal Media Group, Prince Cookey said:

“The corporate support from these corporate titans across sectors is a testament to the importance of the Fintech revolution in the Nigerian financial services sector. It is also a recognition that financial inclusion is critical for citizen empowerment in the Nigerian economy. In essence, the development represents strong corporate endorsement of the event.”

Cookey confirmed that discussions are still on-going for more corporate partners to join the list before the day of the event.

The 2^nd Business Journal Fintech & Financial Inclusion Roundtable 2025 will build on the great success of the First Roundtable which took place at Radisson Hotel, Ikeja (Lagos) on April 26, 2024.

The Roundtable presents a unique convergence of regulators, top executives and stakeholder groups from the banking, capital market, fintech, telecom, insurance, media community and the general public.

It will naturally explore the convergence of banking, telecom and insurance in terms of financial inclusion, evaluate the opportunities and challenges of fintechs and financial inclusion in Nigeria and to project the future of the two financial concepts going forward.

Debunking Money Myths: Stanbic IBTC Asset Management Empowers Nigerians with Financial Knowledge

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11/08/2025

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In an effort to enhance financial literacy and empower Nigerians to make informed financial decisions, Stanbic IBTC Asset Management is addressing prevalent money myths that often hinder wealth creation and financial security.

Money myths, ranging from the belief that only the wealthy can invest, to the misconception that one cannot invest with small amounts, often shape financial behaviour in ways that limit long-term growth. These misconceptions prevent individuals, particularly young people, and aspiring investors, from seizing wealth-building opportunities available within the formal economy. Instead, they are drawn to quick and misleading Ponzi schemes that exploit their lack of knowledge.

Recognising these challenges, Stanbic IBTC Asset Management launched a campaign to inspire individuals to rethink their financial habits by exploring how money “thinks” about investing. The campaign, designed to demystify investment fears and misconceptions, encourages people to reassess their attitudes towards money and make strategic decisions to grow it.

With inflation eroding the value of uninvested cash and financial markets offering long-term growth opportunities, experts suggest that now is the time to put money to work.

Busola Jejelowo, Chief Executive of Stanbic IBTC Asset Management, recently shared insights on the company’s mission to provide clarity by addressing misleading financial narratives and replacing them with practical advice.

In her statement, she emphasised: “In an era of financial uncertainty, it is crucial to make informed, confident investment choices. We believe that financial growth is a journey of partnership, and many people make financial decisions based on myths rather than facts, which can limit their ability to build sustainable wealth. With the ‘Money’s Mind’ campaign, we aim to correct these misconceptions and provide individuals with the right tools and knowledge to take control of their financial future.”

Busola further mentioned that these tools have been housed in BluNest, Stanbic IBTC Asset Management’s intuitive digital investment platform. BluNest offers new and existing investors access to a variety of investment portfolios, including Money Market Portfolios, Commercial Papers, Treasury Bills, and Bonds. Some notable features of BluNest include The Wallet, a feature that allows customers to fund and purchase any investment instrument seamlessly; Auto-Invest, which helps automate investments periodically to keep users on track to meet their financial goals; and Target Savings, which assists customers in saving and making goal-oriented investments for specific milestones.

In today’s digital era, accessibility to financial information is more crucial than ever. BluNest by Stanbic IBTC Asset Management leverages technology to enhance financial education, ensuring that Nigerians can access valuable resources anytime, anywhere. Users can monitor investments, gain real-time market insights, and receive expert guidance tailored to their financial objectives.

Stanbic IBTC Asset Management remains committed to building a financially literate society where individuals can take charge of their financial futures.

The organisation has shown a particular interest in nurturing young investors through Beyond Dreams, a youth-centric community focused on sharing relatable investment insights with a younger demographic, equipping them with the right tools to make more informed investment decisions.

The “Money’s Mind” campaign reflects this commitment, fostering a shift from financial myths to financial empowerment. By prioritising education, accessibility, and expert-backed solutions, the company reinforces its role as a trusted partner in financial planning, helping Nigerians navigate their journey toward long-term financial security.

Zest: Revolutionising Payment Solutions for African Businesses

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11/08/2025

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African enterprises are rapidly discovering that fragmented payment systems are a liability in an increasingly competitive marketplace.

As e-commerce surges and mobile payment adoption rises across the continent, businesses are searching for unified solutions that streamline operations while enhancing customer experiences.

For businesses looking to turn their payment systems from an operational necessity into a strategic asset, one company offers a compelling path forward. With its sector-specific approach to payment orchestration, Zest, the fintech subsidiary of Stanbic IBTC Holdings, is positioning itself as a crucial partner for businesses seeking growth in Africa’s digital economy.

At its core, Zest offers something desperately needed in Africa’s diverse payment ecosystem: unification. Through sophisticated payment orchestration, their flagship platform, a payment gateway, brings multiple payment capabilities like cards, mobile money, bank transfers, and QR codes, into a single, comprehensive business dashboard.

This consolidation eliminates the headaches of managing separate systems while providing businesses with powerful tools: aggregator capabilities for multi-location collections, real-time reporting, instant settlements, reduced payment failures, and valuable customer insights that drive strategic decisions.

“Businesses today don’t just need to accept payments, they need to orchestrate experiences that are fast, seamless, and scalable,” explains Stanley Jacob, CEO of Zest.

Industry-Specific Solutions

Beyond the plug and play payment gateway, what truly sets Zest apart is its commitment to sector-led customization. Rather than offering one-size-fits-all solutions, the fintech delivers customizations of its platform to address industry-specific challenges.

One energy sector client now manages over 100 gas stations nationwide with real-time transaction monitoring against available inventory.

Additionally, Zest powers the client’s card-based loyalty system and pre-funding capabilities—a comprehensive solution that addresses multiple business needs simultaneously.

In another example, a major ports industry player benefits from custom-fitted payment collection infrastructure designed specifically for its complex operational requirements.

Empowering businesses of all sizes

While large corporations benefit from Zest’s enterprise-level customisations, smaller businesses aren’t left behind. The platform offers multi-rail payment checkout systems and free customizable storefronts embedded in its business dashboard.

With some of the most competitive pricing across different payment rails; cards, account-based transactions, USSD, QR codes, Apple Pay, and Google Pay, Zest enables even small merchants to offer customers multiple payment options. The platform’s bank-agnostic nature allows merchants to receive settlements in any bank of their choice.

“For Africa’s SMEs and corporates, orchestrated payments are no longer a nice-to-have, they are survival infrastructure,” emphasises Ifeoluwa Adekunle-Yusuf, VP of Products and Engineering at Zest.

With digital payments in Africa projected to exceed $40 billion in annual revenue by 2025 according to McKinsey, and mobile money penetration now reaching 46% across the continent, businesses need reliable payment partners who understand the unique challenges and opportunities of the African market.

Zest’s seamless architecture ensures that businesses of all types—from small retailers and educators to artisans and service providers—can deliver professional, reliable payment experiences that power sustainable growth.

As African businesses continue their digital transformation journey, payment orchestration platforms like Zest will play an increasingly vital role in determining which companies thrive in the digital economy and which get left behind.

Winners Emerge in 2025 Lagos Has Talent – Climate Edition

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11/08/2025

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L-R: Senior Manager, Inclusive Climate Action and Knowledge – Climate Action Implementation (CAI) Africa Programme, C40 Cities, Kevin Mutia; Permanent Secretary, Office of Drainage Services, Engr. Mahmood Adegbite; Special Adviser to the Governor of Lagos State on Environment, Engr. Olakunle Rotimi-Akodu; Lagos Has Talent 2025 Winner, Progress Jesutomiwa Giwa; Permanent Secretary, Office of Environment Services, Dr. Gaji Omobolaji Tajudeen, and the Regional Senior Programme Manager for Africa at C40 Cities, Amaka Agwu at the Lagos Has Talent Grand Finale held on the 26th of July, 2025 at Ikeja, Lagos State.

Winners have emerged in the Lagos Has Talent: Climate Edition, an initiative powered by the Lagos State Government, Lagos State Ministry of the Environment and Water Resources and C40 Cities under its UK government funded – Climate Action Implementation (CAI) Africa Programme.

The Lagos Has Talent initiative presented a platform for artists, innovators, and entrepreneurs to present their ideas and projects related to sustainability and climate action, thus spotlighting the creativity and climate consciousness of young Lagos residents.

The grand finale of the competition, which was held in Ikeja, brought together a vibrant mix of youth innovators, creatives, government leaders, development partners, and climate advocates for a celebration of talents, sustainability, and collective action against climate change.

The award ceremony, themed around Youth, Creativity, and Climate Action, recognized outstanding young talents aged 18–35, who used artistic expression and entrepreneurship to spotlight climate issues facing Lagos State. Categories included storytelling, poetry, film and animation, music, sustainable fashion, and eco-entrepreneurship.

The highlight of the event was the award presentation to the top five finalists, who were selected from over 100 applicants across the state. Progress Jesutomiwa Giwa, an emerging visual artist and storyteller, emerged as the overall winner, receiving the grand prize of N5 million.

The first runner-up, Ayomide Amusan, a visual storyteller, received N3 million, while Anita Nwokoji, a spoken-word poet, took home N2 million as the second runner-up. The fourth and fifth place winners, Tiwalade Aderemi and Adebayo Razzak respectively also received N500,000 each in a surprise announcement during the ceremony.

The five finalists emerged following a rigorous assessment by a select panel who evaluated the entries using the following criteria: creativity, passion, and the unique spark that inspires climate action in Lagos.

The three judges were made up of climate change advocates, namely: Oluwaseyi Jesuton, a multi-award-winning climate advocate, whose impactful environmental awareness work began at a young age when she co-founded U-recycle Initiative Africa in 2018; Jumoke Olowookere, Founder and Creative Director of African Creative Hub (African Creative Sustainable Synergy Hub), an innovative social enterprise dedicated to fostering “a world without waste,” and Omowunmi Omoseyindemi, Senior Scientific Officer at the Lagos State Ministry of the Environment and Water Resources, where she plays a crucial role in advancing environmental initiatives.

The dignitaries at the event included the Special Adviser to the Lagos State Governor on Environment, Engr. Olakunle Rotimi-Akudo; the Permanent Secretary for the Lagos State Ministry of the Environment and Water Resources, Dr. Gaji Omobolaji Tajudeen; Permanent Secretary, Office of Drainage Services, Engr. Mahmood Adegbite; Managing Director/CEO of the Lagos Waste Management Authority (LAWMA), Dr. Muyiwa Gbadegesin, and the General Manager of the Lagos State Environmental Protection Agency (LASEPA), Dr. Tunde Ajayi. Also present were the Regional Senior Programme Manager for Africa at C40 Cities, Amaka Agwu, and a representative of the judging panel, Omowunmi Omoseyindemi.

Speaking at the event, the Director of Climate Change and Environmental Planning at the Ministry of the Environment and Water Resources, Mr. Michael Bankole praised the winners and announced that all five finalists will be enrolled in a mentorship programme beyond the competition.

“This event is more than a competition,” said Engr. Olakunle Rotimi-Akodu, Special Adviser to the Lagos State Governor on Environment. “It is a platform to amplify youth voices, elevate innovative climate solutions, and demonstrate Lagos State’s unwavering commitment to climate resilience and inclusive development.”

Following the grand finale, the winners were hosted by the Honourable Commissioner for the Environment and Water Resources, Mr. Tokunbo Wahab at his office. During the meeting, each finalist had the opportunity to present their entry and share the inspiration behind their projects. Impressed by their passion and creativity, the Honourable Commissioner graciously announced an additional N1 million cash prizes to the 4th and 5th place finalists.

Underscoring the government’s commitment to long term youth engagement in climate advocacy, the Commissioner also announced that all five finalists would be formally integrated into the Ministry’s Climate Advocacy Team to serve as brand ambassadors and the faces of its various initiatives aimed at mitigating and adapting to the impacts of climate change, including promoting green energy, improving wastewater management, and developing climate adaptation and resilience plans.

“This initiative is not just about winning prizes but about building a movement that continues beyond the stage,” said The Honourable Commissioner.

The Lagos Has Talent: Climate Edition has become a beacon for youth-led climate innovation and a model for sustainable civic engagement, exposing participants to capacity-building opportunities and platforms that amplify their work beyond the contest.

Ekiti State Residents Benefit from Fidelity Food Bank Programme

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11/08/2025

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L-R: Church Administrator, St. Patrick Catholic Church, Ado-Ekiti, Reverend Benedict Joseph; The Branch Leader, Fidelity Bank Plc, Ado-Ekiti, Mrs. Ikeolu Akinropo; Team Lead CSR, Fidelity Bank Plc, Victoria Abuka; and Fidelity Food Bank Partner, Reverend Michael Domingo, at the Fidelity Food Bank distribution event held in Ekiti recently.

As part of its ongoing commitment to community development and the fight against hunger, leading financial institution, Fidelity Bank Plc has donated hundreds of food packs to residents of Ado-Ekiti, Ekiti State through its flagship Fidelity Food Bank program.

The initiative is the bank’s nationwide food intervention aimed at alleviating hunger and cushioning the impact of economic hardship on underserved people across Nigeria. Since its launch in April 2023, the Food Bank has distributed over 250,000 food packs to beneficiaries across Nigeria’s six geo-political zones.

Speaking about the distribution event held in Ado-Ekiti, Divisional Head, Brand and Communications, Fidelity Bank Plc, Dr. Meksley Nwagboh, explained that “The Fidelity Food Bank is our way of responding to the rising levels of hunger in Nigeria. It is a proactive and compassionate CSR effort that has so far reached over 300 communities nationwide. We are proud to extend our coverage to Ado-Ekiti to continue that mission,”

“We have sustained this initiative for more than two years and it reflects our enduring commitment to addressing poverty and hunger across Nigeria. At Fidelity Bank we will continue to play our part in promoting food security for the unprivileged.

The event received commendations from stakeholders and beneficiaries alike. The Cathedral Administrator, Saint Patrick Catholic Cathedral, Reverend Father Benedict Bimbola Joseph praised Fidelity Bank for its generosity and partnership:

“Fidelity Bank has brought much-needed relief to our people in Ado-Ekiti. This is a welcome development and a first of its kind in our community. We hope other corporate organizations will emulate this gesture, as no contribution is too small if it brings relief to people during these trying times.”

Similarly, Reverend Father Michael Domingo, one of the Bank’s Food Bank programme partners, applauded the vision of Fidelity Bank’s leadership: “The Bank and its leadership have demonstrated wisdom and compassion by recognizing the urgent need to support government efforts in alleviating poverty, especially now when hunger is a pressing issue. We are truly grateful for this gesture,” he stated.

The Fidelity Food Bank remains one of the most impactful CSR initiatives Nationwide. Recently, the bank provided essential food items to over 1,500 flood victims in Mokwa, Niger State, and supported more than 2,000 displaced persons affected by the Yelwata attacks, currently sheltering at the Ultra-Modern International Market IDP Camp in Makurdi, Benue State. These efforts reflect the bank’s unending commitment to community development, health, and social welfare.

Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.

The Bank is a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine.

Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.

9mobile Commences Strategic Brand Transition to T2, a New Era of Market Reinvention, Digital Leadership

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11/08/2025

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L-R: Michael Ikpoki, Ibrahim Puri, both Members of the T2 Board (formerly 9mobile); Thomas Etuh, Chairman of T2 (formerly 9mobile); Barr. Bimbola Salu-Hundeyin, Secretary to the Lagos State Government; Dr. Bosun Tijani, Minister of Communications, Innovation and Digital Economy; Gloria Danjuma, Member of the T2 Board (formerly 9mobile); Obafemi Banigbe, CEO of T2 (formerly 9mobile); Femi Edun and Emmanuel Etuh, also Members of the T2 Board (formerly 9mobile),at the official unveiling of T2 in Lagos.

In a bold and future-forward move, 9mobile has announced the formal commencement of its transition to a new corporate and consumer identity, T2.

This strategic brand migration marks a pivotal chapter in the company’s business transformation, setting the stage for a renewed competitive presence in Nigeria’s telecoms landscape and a sharper alignment with evolving digital consumer expectations.

The rebrand is a key milestone within the company’s comprehensive four-phase recovery roadmap—Stabilisation, Modernisation, Transformation, and Growth—launched following the landmark 2023 acquisition of 9mobile by Lighthouse Telecoms, led by business leader and investor, Mr. Thomas Etuh.

Since the takeover, the company has made sweeping changes, including the constitution of a revitalized board, appointment of new executive leadership, and execution of a strategic infrastructure-sharing agreement with MTN Nigeria. This agreement, the first of its kind at scale in the country, has already led to the company significantly expanding its network coverage, capacity, and resilience nationwide.

Now entering the “Transformation” phase, the brand is embracing a new name, T2, and a new ambition: to lead in innovation, customer experience, and digital lifestyle enablement. The T2 identity reflects a forward-thinking, technology-driven, and customer-centric ethos designed to resonate with Nigeria’s increasingly digital and mobile-first population.

“This is not just a logo change, it’s a total evolution of who we are, why we exist, and how we deliver value,” said Obafemi Banigbe, Chief Executive Officer of 9mobile. “T2 represents our next chapter. It is a symbol of our renewed commitment to innovation, resilience, and a deepened focus on customer experience. We are building a brand that is ready to thrive in the digital economy.”

Thomas Etuh, Chairman, Emerging Markets Telecommunications Ltd, echoed similar sentiments, describing the occasion as one that is significant in many respects for the 9mobile brand, as it represents the start of a new phase of life, a fresh start, rebirth, change or transformation, growth, reawakening, and a new order.

“Today marks a new beginning for the 9mobile business. The march has been tedious. The journey has been exhausting. It was faith and love for country that prompted my foray into the acquisition of the 9mobile business. I knew it was a tough call,” Etuh said, and thanked stakeholders like the Nigeria Communications Commission (NCC) and 9mobile customers for standing by the brand through all its trials and challenges, including multiple litigations.

“To our amazing customers, please accept my profound gratitude for believing in us. I know our challenges have impacted you in one way or the other. But there is a resilient spirit we share with you. We are rising together again. Together, with you, we are reclaiming all lost grounds,” Etuh said.

Also speaking at the event, the Minister for Communications, Innovation and Digital Economy, Dr. Bosun Tijani, commended T2 for its bold move and vision to invest in the Nigerian economy and counselled that the rebranding should go beyond a change of name.

“My message to T2 (formerly 9mobile) is simple – let this rebrand be more than a change of colours or new logo, but let it be a renewed commitment to innovation, to service excellence and to the millions of Nigerians whose lives and businesses depend on your network every single day. Our government will continue to work with ecosystem players like T2 who are bold enough to invest, agile enough to adapt and visionary enough to see that the future belongs to those who embrace change before it’s forced upon them,” he said.

Speaking in the same vein, the Secretary to the Lagos State Government, Barr. Bimbola Salu-Hundeyin, who represented Governor Babajide Sanwo-Olu, affirmed the alignment between T2’s mission and the state’s digital goals.

“T2 has come at the right time. Its focus on digital innovation aligns seamlessly with the Lagos State Government’s vision for a robust digital economy that empowers citizens, businesses, and communities. We welcome partners like T2 who are committed to driving inclusive and transformative growth in our state,” she said.

The transition will be rolled out in deliberate phases, ensuring continuity and seamless service for existing customers while gradually introducing the market to the T2 narrative. At its core, T2 will focus on four key pillars: Speed, Smart Living, Digital Lifestyle, and Trust.

With customer expectations evolving rapidly and technology redefining the rules of engagement, the T2 brand aims to serve as a bridge between connectivity and culture, telecommunications and lifestyle, infrastructure and impact.

As the Nigerian telecoms sector moves into a new decade of transformation, T2 is poised to not just participate, but to lead.

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

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Business Journal

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11/08/2025

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The Director General of the Securities and Exchange Commission (SEC) Nigeria, Dr. Emomotimi Agama has been elected as Vice Chairman of the Africa/Middle East Regional Committee (AMERC) of the International Organisation of Securities Commissions (IOSCO).

By this election, Agama is to serve on the Board of IOSCO, the highest decision-making organ of the global securities’ regulatory organisation till 2026.

IOSCO is recognised as the leading international policy forum for securities regulators. The organisation’s membership regulates more than 95% of the world’s securities markets in over 100 jurisdictions and its membership is steadily growing.

In his acceptance speech, Dr. Agama appreciated AMERC members for the vote of confidence on him and stated that his election was a further commitment of AMERC to build on the foundations laid in advancing IOSCO and AMERC.

According to Agama, “it is with immense humility and a profound sense of duty that I accept my nomination as Vice Chairman of AMERC and Board Member of IOSCO. This is more than a personal honor—it is a mandate to transform our capital markets into engines of inclusive growth, innovation, and shared prosperity for Africa and the Middle East.

” We must aggressively expand listings by working with AFMI (African Financial Markets Initiative) and SSA exchanges to harmonise standards, reduce listing costs, and create cross-border linkages. To boost liquidity, we will pioneer regional market-making schemes and advocate for pension fund reforms to channel domestic savings into productive investments.

“Critically, we will partner with AFMI and development institutions to de-risk infrastructure investments and attract global capital. However, infrastructure alone is not enough. With 70% of Africa’s population under 30, we must empower youth through: Retail investor programs to democratise market participation, Fintech sandboxes to nurture youth-led innovation and Listings of high-growth startups to create wealth and jobs.

On digital assets, the SEC boss emphasised the need to embrace innovation while managing the risk that comes with it adding that digital assets represent a $10 trillion opportunity by 2030.

“With our young, tech-savvy population, Africa and the Middle East must lead—not follow. Through AMERC-IOSCO joint task forces, we will develop: Clear stable-coin regulations, Frameworks for tokenised securities, Investor protection standards for crypto assets and we must balance innovation with stability, ensuring our markets are both dynamic and secure.”

Moving forward, Agama said there is still a lot of work to be done despite the progress made so far by IOSCO and therefore called on members to continue to render the mutual support and cooperation of past years for the benefit of investors, markets and indeed the world economy.

He noted that the Committee will continue to deepen discussions and debates to launch a “Listings Growth Initiative” for SMEs, create a cross-border settlement system to boost liquidity, establish a Digital Assets Working Group for our region and develop capital markets literacy programs.

IOSCO was established in 1983 as the standard setter for the securities industry worldwide and currently has over one hundred ordinary members.

NIMC Upgrades Diaspora NIN Enrolment Platform for Effective Service Delivery

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Business Journal

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11/08/2025

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To ensure effective service delivery and smooth management of the National Identification Number (NIN) enrolment in the Diaspora, the National Identity Management Commission has successfully upgraded its diaspora enrolment platform.

The upgrade process, which was successfully completed, will, amongst many other benefits, provide a seamless, robust, more secure, efficient and effective NIN service delivery to Nigerians in the Diaspora.

Consequently, NIMC Diaspora Front-End Partners (FEPs) have been onboarded on the upgraded system with intensive training to equip the FEPs with the prerequisite knowledge on the application and effective management of the new system.

While all the Diaspora FEPs are required to obtain and activate their NIN enrolment licenses on the upgraded platform within the next forty-eight hours (48 hours), diaspora applicants can access enrolment services from the compliant FEPs.

The Commission apologises for any inconvenience the platform upgrade process might have caused and has set up a dedicated service team to resolve all issues related to diaspora enrolment. Diaspora applicants experiencing issues with NIN enrolment should please reach the Commission via [email protected] for timely resolution.

Meanwhile, NIN enrolment is ongoing across all the centres in Nigeria. Applicants can locate the nearest enrolment centres on the NIMC website – www.nimc.gov.ng – and proceed for enrolment. Nigerians at home or in the Diaspora can also modify their NIN data through the https://selfservicemodification.nimc.gov.ng portal.

NIN Holders are equally enjoined to download the NIMC NINAuth App on either iOS or Google Play Store to instantly verify their NINs, approve who sees their information, take total control of their data and enjoy seamless verification and authentication services.

UBA Group Chair, Tony Elumelu, Seeks Critical Measures to Drive Africa’s Development

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08/08/2025

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L-R: President, Central African Republic, Faustin-Archange Touadéra and Group Chair, UBA and Heirs Holdings and Founder, Tony Elumelu Foundation, Mr. Tony Elumelu.

Keynote Address delivered by Tony O. Elumelu, CFR, Group Chair, Heirs Holdings | UBA | Transcorp | Founder, The Tony Elumelu Foundation at the African Caucus Meeting of World Bank and IMF in Bangui, Central African Republic, delivered the keynote address titled: Resilient Infrastructure, Human Capital and Green Assets.

Introduction

Your Excellencies, Ministers, Central Bank Governors, esteemed representatives of the IMF & World Bank, Distinguished Guests, Ladies and Gentlemen.

It is truly an honour to be here with you today. This gathering could not be timelier, as we work together to amplify Africa’s voice and shape a development path that reflects our unique needs and aspirations.

We live in a highly volatile, complex world. It is a world where the rules-based order has been challenged, where we need to reaffirm our commitment to the idea of a global community.

But as an African, I must be frank. This global community has not always served Africa interests, ensured that Africa’s voice is heard or delivered for Africa.

And Africa’s voice not only needs to be heard, but has to be heard.

Africa has solutions to so many of the world’s problems. Our young people are the answer to the world’s demographic crisis, our minerals power the extraordinary technological changes we are experiencing, our fields can feed the world.

But these African solutions, this African opportunity, must be on African terms, benefit African people, catalyse true value creation on the African continent. And it must be based on true partnerships, partnerships of equality and mutual respect.

We must also be realistic. African governments must do better. If we are to deliver that opportunity to our next generation – and if we are to be truly heard in the community of nations, Africa needs to step up.

This year’s theme – ‘Resilient Infrastructure, Human Capital, and Green Assets’ – reflects what must be our shared priorities if Africa is to thrive.

It captures the essence of what we must prioritise if Africa is to truly rise.

Africa’s Infrastructure Gap

Let me begin with infrastructure. Across our continent, we face a deep and persistent infrastructure gap. From roads to ports, power to internet connectivity – we lag behind. We cannot achieve prosperity without the foundations of modern development. Without addressing these gaps, we cannot unlock the growth and prosperity our people deserve.

To bridge this divide, we must do three things:

Strengthen our fiscal capacity
Drive efficiency and
Unlock innovative financing – especially by inviting and enabling private sector to co-lead infrastructure development.

Powering Africa’s Future

Energy access remains the biggest enabler — or barrier — to our progress.

Up to 70% of our people lack electricity. My home country, Nigeria, generates less than 7,000 MW for over 200 million people.

If we are to industrialise, create jobs, and participate meaningfully in the global AI revolution, we must invest aggressively in energy — from renewables to cleaner gas-based solutions.

Imagine what Nigeria’s economy could become with 100,000 megawatts of reliable, affordable energy. That is the scale of transformation we need. And the story is not different across Africa.

The Role of the Private Sector

Through our investments in Transcorp and Heirs Energies, we are working to solve this challenge – generating power, exporting it through the West African Power Pool, and using gas from our oil operations to power our plants. This is Africapitalism in action: private capital solving public challenges.

Africapitalism is the belief that the African private sector must take the lead in driving economic development. It is about long-term investments in key sectors that create both economic returns and social impact.

But success requires collaboration.

To succeed, we need strong partnerships. Governments must create the right environment. Private sector must bring capital and innovation. And our development partners must support Africa’s realities – including recognising gas as a viable transition fuel on our path to clean energy.

Youth: Africa’s Greatest Resource

No resource is more valuable than our people – especially our youth. Africa is the youngest continent on earth, with over 60% of our population under 35. This presents both our greatest asset or our greatest risk.

If empowered, our youth can transform Africa. If neglected, they can become a source of instability.

At the Tony Elumelu Foundation:

We have empowered over 24,000 young entrepreneurs across all 54 African countries.

Each with a non-refundable seed capital of USD5,000.00.

Trained 1.5m youth.

Catalysed 1.2m jobs.

These entrepreneurs are creating jobs, building businesses, and changing lives.

Call to Action

Let me leave you with three massages:

Africa’s development is our responsibility. No one else will do it for us. Africa’s future is in our hands. No one will build this continent for us. We must lead.

Power is everything. No industrial revolution can happen without electricity. We must prioritise energy. Without power, there can be no progress.

We must invest in our youth. They are not just our future – they are our present.

Together, by working across public and private sectors, and in partnership with institutions like the IMF and World Bank, we can build an Africa that is resilient, inclusive, and full of opportunity.

I commend the growing focus of global institutions on Africa. I sit on the IMF Advisory Council on Entrepreneurship and Growth, and I’m pleased with our emphasis on job creation as a path to lasting growth. I also applaud Ajay Banga’s ‘Mission 300’ initiative at the World Bank – an ambitious goal to connect 300 million Africans to power.

Africa is ready. Let’s seize this moment – and build the prosperous, empowered continent our people deserve.

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