News Wings

Tag: His Excellency

  • NECA Leads Organized Businesses to Enugu State Governor, Advocates Stronger Collaboration

    NECA Leads Organized Businesses to Enugu State Governor, Advocates Stronger Collaboration

    Organised Businesses in Enugu State, led by the Nigeria Employers’ Consultative Association (NECA) South-East Geographical Zone, paid a courtesy visit to His Excellency, Dr Peter Ndubuisi Mbah, Executive Governor of Enugu State, as part of efforts to strengthen collaboration between the public and private sectors.

    In his remarks, the President of NECA, Dr Ifeanyi Okoye, expressed appreciation to the Governor for hosting the delegation and commended his transformative infrastructure drive and far-reaching economic reforms, which have had a positive ripple effect on businesses operating in Enugu State.

    Speaking on behalf of Organised Businesses, Chairman, NECA South-East Geographical Zone, Dr Ugochukwu Chime lauded Governor Mbah’s visionary leadership, describing his administration as a model of purposeful governance and economic revitalisation. He particularly applauded the administration’s investments in road infrastructure, urban renewal, security architecture, and the revitalization of key public assets, including the International Conference Centre, the Presidential Hotel, and the recent launch of Enugu Air.

    Chime also commended the Governor’s strategic interventions in restoring normal economic activity through measures addressing the disruptive Monday sit-at-home order, as well as the establishment of the Distress Response Team and deployment of modern surveillance infrastructure aimed at strengthening security and boosting investor confidence across the State.

    While reaffirming Organised Businesses’ support for the administration’s enterprise-driven policies, the delegation appealed for the consistent implementation of harmonised taxes and levies, improved access to land and Certificates of Occupancy, enhanced participation in the power sector, and stronger support for SMEs through affordable financing and technical assistance. They also proposed establishing a quarterly public–private sector engagement platform to address emerging business challenges and deepen economic collaboration in the State.

    In his response, the Governor emphasised the critical importance of public-private sector engagement in driving sustainable growth and development. He noted that the organised private sector remains central to achieving the administration’s growth projections, which are anchored on broad economic reforms aimed at improving the business environment.

    He highlighted ongoing projects, including the Enugu Smart City, tourism development initiatives such as Awhum Waterfall, Ngwo Pine Forest, and Nsude Pyramid, and the state water project. Of particular significance, he announced the planned 660MW coal-fired power plant, with installation expected to commence in July 2026 and completion projected within 18 months. According to him, the project will significantly address electricity supply challenges facing businesses in the State upon completion.

    The Governor reiterated his “Enugu First” procurement policy and urged businesses to engage relevant government agencies to benefit from ongoing state projects.

    On MSME development, Governor Mbah disclosed that the State has secured funding for small businesses at single-digit interest rates, administered through the Enugu SME Centre. He encouraged entrepreneurs to take advantage of the initiative to expand and strengthen their businesses.

    The Governor also approved the establishment of a Quarterly Business Forum for organized private-sector stakeholders, where emerging challenges in the business environment will be jointly identified and addressed. Demonstrating further commitment to local enterprise development, he also directed that HAMPOC-YTL Limited, a company that produces prepaid electricity and water meters in the State, be considered for immediate contract award during the meeting.

  • Zenith Bank Tech Fair 5.0 awards N140m to Hackathon winners

    Zenith Bank Tech Fair 5.0 awards N140m to Hackathon winners

    A total cash prize of ₦140 million has been awarded to ten (10) African innovators to scale their transformative solutions after a keenly contested hackathon and pitch session at the Fifth Edition of the Zenith Tech Fair, themed “Future Forward 5.0: Tech for Success – Innovate, Adapt, Accelerate”, which held on Thursday, November 20, 2025, at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos.

    A statement from the bank said the 2025 edition of the Zenith Tech Fair featured an expanded, dual-competition structure that included a high-stakes Hackathon for product development and a Startup Pitch Competition for early-stage ventures, and drew participation from thousands of developers, founders, and entrepreneurs across the continent.

    The prize money was shared among ten finalists who emerged from the over 2,000 contestants that took part in the Zecathon. In the hotly contested final, two major winners emerged, each receiving the top prize of ₦30 million. The winner of the Hackathon, Trust Loop, clinched first place for its innovative solution that delivers seamless digital KYC and liveness verification. Simultaneously, the winner of the Startup Pitch Competition, Cubbes Technologies Limited, secured the top spot for its revolutionary AI-powered EdTech platform that enhances learning and career readiness.

    The remaining eight (8) finalists across both categories were equally recognised, each receiving ₦10 million in non-dilutive funding. They include Venille Ltd, Sowota, FLOW, InvoPay, Zenith Intelliscore, The Very Hacked Men, Konfam and Zerax. All ten finalists will also be entitled to a six-week mentorship and incubation programme designed to help them grow and scale effectively, and this will run from December 2025 to February 2026.

    The Group Managing Director/CEO of Zenith Bank Plc, Dame Dr Adaora Umeoji, OON, in her welcome address, thanked the Founder & Chairman, Dr Jim Ovia, CFR, for the visionary foresight that led to the creation of the Zenith Tech Fair. Commenting on the Zecathon, she said, “Our theme this year, ‘Tech for Success: Innovate, Adapt, Accelerate’, is very timely. To appreciate its urgency, it helps to reflect on the speed of human progress. According to the Harvard Business Review, it took humanity millions of years to master fire, yet only 66 years to move from the first powered flight to landing on the moon. The lesson is simple – the next technological breakthrough will not take a lifetime. It will emerge sooner than we expect and could come from any one of you in this room today. We are confident that this Tech Fair will produce innovators who will change the world, and we stand ready to support you to turn your ideas into reality.”

    In his Goodwill Message, the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, said, “This fifth edition reflects our unwavering commitment to create value through technology, innovation, and talent development. My vision is to continue to empower the youth through technology, with the hope that one day we will produce the likes of Bill Gates, Steve Jobs and Jeff Bezos.”

    Whilst delivering his goodwill message, the Governor of Lagos State, His Excellency, Mr Babajide Sanwo-Olu, called for increased technological empowerment initiatives to provide youths with adequate opportunities needed to thrive in the digital future. He said, “What I see happening here every year are things that we in leadership need to connect with. This is an activation that can bring life and real conversation to the young, dynamic, innovative, and creative young people that we have in this country. By 2050, half of the youth population in the world will be in Africa, and even in Africa, they will be in Nigeria, and if they are in Nigeria, they will be somewhere in Lagos, and we need to be able to fish them out. We need to give them an opportunity and a space to fly. We want to make Lagos the human capital centre of the world, where Microsoft and Google will think of raising a million tech experts. That’s the kind of vision and opportunity we want to leave behind.”

    Hailed as a resounding success by participants, the Fair showcased cutting-edge demonstrations on the role of Generative AI, Agentic AI, and Cloud Computing in driving economic growth with Keynote addresses delivered by Sitoyo Lopokoiyit, Managing Director, M-PESA Africa; Jonas Kjellberg, Co-Creator, Skype and Dr. Shivagami Gugan, Chief Technologist for Middle East, Turkey and Africa, AWS.

    The event also featured goodwill messages by the National Commissioner, Nigeria Data Protection Commission, Dr. Vincent Olatunji, and the cably represented by the Head of Service, Niger State, Mr. Abubakar Sadiq Idris.

    Another key feature from the tech fair this year was the robust exclusive masterclasses delivered by global technology and consulting powerhouses: McKinsey & Company, Huawei, Check Point, and Microsoft. These sessions covered critical topics from cybersecurity to advanced cloud solutions and disruptive technologies, equipping participants with world-class insights.

    Aside from the thrilling musical performance by Nigerian musician Spyro, the fair also featured dual-panel sessions that were very insightful and highly interactive. The panel sessions both had Zain Asher, CNN Anchor, as host, and featured high-level discussants including Adaora Nwodo, Founder & Executive Director, NexaScale; Aisha Tofa, Board Chair, Startup Kano Centre for Innovation Dev.; David Kpakima, CoFounder, Rasab Group, Sierra Leone; Dr Stanley Jacob, President, FINTECHNGR; Iyinoluwa S. Aboyeji, CEO Future Africa; Gary Fowler, CEO & Founder GSD Venture Studios; Bradwin Roper, Chief Payments & Partnerships Officer at JUMO, and Mrs. Omoyemen A. Jide Samuel, Director, Information Technology, CBN.

    Zenith Bank remains committed to fostering an ecosystem where innovation thrives, ensuring that the next generation of African tech leaders have the capital, mentorship, and resources required to achieve global scalability and impact.

    The Bank’s track record of excellent performance has continued to earn the brand numerous awards, including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive year in the 2025 Top 1000 World Banks Ranking, published by The Banker and “Nigeria’s Best Bank” at the Euromoney Awards for Excellence 2025.

    The Bank was also awarded Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020, 2022 and 2024; Best Bank in Nigeria from 2020 to 2022, 2024 and 2025, in the Global Finance World’s Best Banks Awards; Best Bank for Digital Solutions in Nigeria in the Euromoney Awards 2023; and was listed in the World Finance Top 100 Global Companies in 2023.

    Further recognitions include Best Commercial Bank, Nigeria for five consecutive years from 2021 to 2025 in the World Finance Banking Awards and Most Sustainable Bank, Nigeria in the International Banker 2023 and 2024 Banking Awards.

    Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for four consecutive years from 2022 to 2025 and ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom.

    The Bank’s commitment to excellence led to Zenith being also named the Most Valuable Banking Brand in Nigeria in The Banker’s Top 500 Banking Brands for 2020 and 2021, Bank of the Year 2023 to 2025 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards, and Retail Bank of the Year for three consecutive years from 2020 to 2022 and 2024 to 2025.

    The Bank also received the accolades of Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards, Bank of the Year 2024 by ThisDay Newspaper; Bank of the Year 2024 by New Telegraph Newspaper; and Best in MSME Trade Finance, 2023 by Nairametrics. The Bank’s Hybrid Offer was also adjudged ‘Rights Issue/ Public Offer of the Year at the Nairametrics Capital Market Choice Awards 2025.

    Zenith Bank has also bagged several non-financial awards, including Most Responsible Organisation in Africa, Best Company in Transparency and Reporting and Best Company in Gender Equality and Women Empowerment at the SERAS CSR Awards Africa 2024.

  • Dangote refinery says its price reduction by 5.6% reduces pump prices and not the FG’s suspension of 15% import tariff on PMS, Diesel

    Dangote refinery says its price reduction by 5.6% reduces pump prices and not the FG’s suspension of 15% import tariff on PMS, Diesel

    The attention of Dangote Petroleum Refinery has been drawn to a series of misleading publications claiming that the recent reduction in pump prices by oil marketers is a consequence of the Federal Government’s reversal of the 15 per cent import tariff.

    This narrative is entirely false, deliberately misleading, and inconsistent with actual market dynamics. For the avoidance of doubt, the factor that prompted the price adjustment was our own reduction of PMS gantry and coastal prices on November 6. The subsequent change in pump prices is now being wrongly attributed to a tariff decision in an attempt to distort the facts and misinform the public.

    To reiterate, Dangote Petroleum Refinery, on November 6, reduced its PMS gantry price from N877 to N828 per litre, representing a 5.6 per cent decrease, and its coastal price from N854 to N806 per litre. These changes were publicly announced across major media platforms, including, but not limited to, The Punch, Vanguard, The Cable, Daily Trust, The Sun, The Street Journal, Petroleumprice.ng, New Telegraph, Business Hallmark, and several others, and were implemented well before marketers adjusted their pump prices.

    The claim that the reduction in pump prices was driven by the suspension of the 15 per cent import tariff is therefore incorrect. The import tariff had received the approval of His Excellency, President Bola Ahmed Tinubu, GCFR as far back as October 21 for immediate implementation.

    Despite the non-implementation of the tariff, we reduced the price of our products. As a socially responsible company, this decision, which was not affected by whether the tariff was implemented or not, aligns with our long-standing commitment to ensuring Nigerians enjoy the full benefits of domestic refining. Since commencing operations, we have reduced prices on more than seven occasions, absorbed logistics costs to ensure nationwide price uniformity during festive periods, and played a major role in ending the perennial and artificial fuel scarcity typically associated with the ember months.

    Contrary to repeated claims by certain interests, imported products, which are often below acceptable standards, have consistently been sold at higher pump prices than the premium-grade fuel supplied by Dangote Refinery. The continued importation of substandard fuel constitutes dumping, a harmful practice that undermines economic growth and industrial development. Nigeria has witnessed the devastating consequences of such unchecked dumping before, including the collapse of the once-thriving textile industry, which was a major employer of labour.

    Dangote Petroleum Refinery remains fully committed to supplying high-quality, internationally benchmarked petroleum products at competitive prices. Our operations continue to moderate prices in the market, ensuring Nigerian consumers receive genuine value for money.

    We are not moved by the short-term tactics of speculative importers who enter and exit the market at will. With a long-term investment exceeding $20 billion, we are steadfastly committed to Nigeria’s energy sector and remain unfazed by temporary policy shifts. Our focus is clear: to deliver reliable, high-quality, and competitively priced fuel to all Nigerians.

    Dangote Petroleum Refinery will continue to operate with integrity, transparency, and an unwavering commitment to Nigeria’s energy security. We encourage all stakeholders and media organisations to report responsibly and rely on verified information in the interest of the Nigerian public.

  • Lagos Airport Perimeter Fencing Project: Upholding Nigeria First Policy and Protecting Local Industry

    Lagos Airport Perimeter Fencing Project: Upholding Nigeria First Policy and Protecting Local Industry

    The Manufacturers Association of Nigeria (MAN) wishes to commend the Federal Government for its initiatives to sustain our national infrastructure and draw its attention and that of the Nigerian public to a matter of urgent national importance. This is regarding the ongoing procurement process for the Murtala Mohammed International Airport, Lagos, Operational Perimeter Fencing and Security Surveillance Project, as reported in Business Day publication of 31st July 2025 titled “FEC approves complete renovation of Lagos airport, others.”

    It has become a matter of national interest for the contractor handling the project to ensure strict adherence to the Executive Orders 003, 005 and the imperatives of the President Bola Ahmed Tinubu’s Nigeria First Policy. In particular, we strongly maintain that, in considering the procurement of Clear Vu fencing, indigenous manufacturers should be given priority consideration and it should NOT be purchased from outside Nigeria.

    While we acknowledge the competence of the foreign manufacturer, MAN emphasises that Nigerian companies have the proven capacity and technical expertise to produce fencing materials of equal — if not superior — quality that meet international standards.

    The Federal Government’s Nigeria First Policy, recently reaffirmed by His Excellency, President Bola Ahmed Tinubu, has rekindled the confidence of Nigerian manufacturers. This policy builds on earlier Executive Orders 003 and 005, which mandate the prioritization of locally manufactured goods and services in public procurement.

    Importing fencing materials for this project would not only undermine this policy, but also deprive Nigeria of critical benefits, such as:
    • Job creation for Nigerian youth and skilled workers.
    • Foreign exchange savings, at a time when our economy must prudently manage its forex stock.
    • Increased tax revenues and government earnings through local production.
    • Strengthened industrial base and security through self-reliance.

    This release became necessary as Nigerian manufacturers, regrettably, lost out in similar situations in the past. In this particular instance, despite MAN’s advocacy, fencing materials for an airport project were imported from South Africa. That decision discouraged local industries and contradicted the government’s stated local content policies.

    We strongly believe that this administration has the opportunity to correct past errors. The Lagos Airport fencing project presents a clear chance to demonstrate that the Nigeria First Policy is not just an aspiration but an intentional government policy that will be matched with unfettered implementation.

    MAN, therefore, calls on the Federal Government to urgently intervene by ensuring that the fencing materials for the Lagos Airport are sourced from competent Nigerian manufacturers. This is not a call to influence the award of the contract but a patriotic appeal to align procurement decisions with national interest for the collective benefit of our economy and the well-being of the people.

    The Manufacturers Association of Nigeria reaffirms its commitment to supporting the government in its Nigeria First Policy, advancing inclusive growth, ensuring that government procurements impact the lives of Nigerians, and promoting Nigerian businesses.

  • NCSP Hosts Central Party School Delegation, Advances Strategic Partnership on Governance and Public Sector Reform

    NCSP Hosts Central Party School Delegation, Advances Strategic Partnership on Governance and Public Sector Reform

    In a renewed effort to strengthen Nigeria-China relations, the Nigeria-China Strategic Partnership (NCSP) hosted a high-powered delegation from the Central Party School of the Communist Party of China (CPC) in Abuja. The visit marked a significant milestone in bilateral institutional cooperation, with particular focus on governance, public service reform, investment, and strategic development planning.

    The Chinese delegation was led by His Excellency, Professor Gong Weibin, Vice President of the Central Party School, accompanied by senior officials from key departments within the institution. Also in attendance was His Excellency Ambassador Yu Dunhai, the Chinese Ambassador to Nigeria.

    Welcoming the delegation, NCSP Director-General, Mr. Joseph Tegbe, conveyed warm greetings on behalf of the President of the Federal Republic of Nigeria, His Excellency Bola Ahmed Tinubu, GCFR. He reaffirmed Nigeria’s unwavering commitment to the One China Policy and reiterated Nigeria’s desire to build a forward-looking development partnership founded on mutual respect, strategic coordination, and shared prosperity.

    Mr. Tegbe referenced Nigeria’s active participation in recent China-Africa engagements, including the FOCAC Inter-ministerial Meeting and the China–Africa Economic and Trade Expo. These fora, he noted, have helped further align Nigeria’s development priorities with China’s global cooperation agenda. He commended China’s leadership in promoting South-South cooperation, describing President Xi Jinping’s Ten Partnership Action Points announced at the 2024 FOCAC Summit, as a robust framework for advancing Nigeria’s national development goals.

    He also highlighted the impact of China’s zero-tariff policy for 53 African countries, which he described as a landmark initiative that would significantly enhance trade flows and industrial competitiveness across the continent. Mr. Tegbe went on to outline Nigeria’s key priority projects, including agricultural value chain development as well as a budding partnership with leading Chinese firms in the vehicle manufacturing sector.

    In his remarks, Professor Gong expressed sincere appreciation for Nigeria’s warm hospitality and dynamic cultural environment. Despite having spent only a few hours in the country, he remarked on the positive impression Nigeria had made on him, particularly its vibrancy, diversity, and vast potential.

    Professor Gong provided an overview of the Central Party School’s structure and mandate, emphasizing its critical role in shaping governance and public administration in China. With over 3,600 local branches and a faculty strength exceeding 100,000, the School is a pillar of China’s civil service education system and a key think tank influencing national policy. He explained that the School is responsible for four core functions: training of civil servants and party leaders, theoretical and ideological research, development of social sciences rooted in local context, and policy advisory services. Many faculty members also hold senior roles within the Chinese government, and President Xi Jinping himself previously served as the School’s Principal for five years.

    Noting the School’s longstanding interest in international exchange, Professor Gong revealed that several Nigerian officials have participated in training programmes over the years. He extended a formal invitation to Tegbe and the NCSP team to visit the Central Party School in Beijing, with the aim of fostering deeper institutional collaboration and knowledge sharing.

    The meeting concluded with mutual expressions of respect and recognition of the cultural and governance values shared between Nigeria and China, particularly in the areas of family cohesion, public discipline, and long-term development planning. Tegbe described the engagement as timely and enlightening, especially as Nigeria advances reforms in public service delivery and institutional capacity building. He reaffirmed NCSP’s commitment to strengthening people-to-people exchanges, promoting training and learning opportunities, and enhancing bilateral policy innovation with Chinese partners.

  • African Medical Centre of Excellence (AMCE) Opens its Doors to the Public as it Seeks to Transform Healthcare in Africa

    African Medical Centre of Excellence (AMCE) Opens its Doors to the Public as it Seeks to Transform Healthcare in Africa

    …World-class facility aims to reverse Nigeria’s $1bn+ annual medical tourism outflow while establishing Africa as global healthcare destination

    The African Medical Centre of Excellence (AMCE) officially opened today, marking a historic milestone in Africa’s journey towards healthcare sovereignty. The US$300 million tertiary medical facility, developed by African Export-Import Bank (Afreximbank) in partnership with King’s College Hospital London, welcomed His Excellency President Bola Ahmed Tinubu as guest of honour, represented by His Excellency, Senator Kashim Shettima, Vice President of the Federal Republic of Nigeria, alongside high-ranking Government and private sector officials, including the Minsters of Health, Finance, and Foreign Affairs, Nigeria Customs Services, Nigeria Immigration Services, Nigerian National Petroleum Corporation Limited (NNPCL) and Bank of Industry (BOI), among others.

    Located in Abuja and designed to meet the highest global standards, AMCE Abuja offers world-class services across oncology, haematology, cardiology, and general medical services. More than a hospital, the facility represents a bold statement of Africa’s determination to reduce dependence on foreign health systems and reverse the estimated US$6-10 billion Africans spend annually seeking treatment abroad.

    The opening of AMCE Abuja comes at a critical time, as Africa seeks to strengthen its healthcare systems and reduce reliance on external providers. The COVID-19 pandemic exposed the vulnerabilities of this reliance, with global supply shortages putting immense pressure on African nations. Similarly, past responses to health crises like Ebola have reinforced the urgent need for resilient, homegrown solutions. Decades after independence, millions of Africans continue to suffer from diseases like sickle cell and malaria, conditions that could be better managed with targeted local research and investment. Yet these illnesses often receive limited global attention or funding, leaving critical treatment gaps. AMCE Abuja represents a bold step forward, bringing world-class care to the continent, centering African health priorities, and laying the groundwork for a healthier, more self-reliant future. In strategic partnership with Bank of Industry (BOI), and Nigerian National Petroleum Corporation Limited (NNPCL), AMCE reflects what’s possible when African institutions unite with shared purpose.

     “Today, we are not merely unveiling a building, we are making a bold, collective statement: we will no longer accept medical vulnerability as destiny. The African Medical Centre of Excellence stands as proof that Africa is ready to compete with the best in global healthcare. I commend Afreximbank and its visionary President, Professor Benedict Oramah, and salute the partnership with King’s College Hospital for turning this audacious dream into reality. This is what happens when African institutions confront African challenges with African solutions.

    “Over the past two years, we have taken deliberate steps to transform Nigeria’s health sector—from unlocking the healthcare value chain through the Presidential Initiative (PVAC), to expanding pharmaceutical production, regulatory systems, and diagnostic access, and securing over $2.2 billion in new investments through the Nigeria Health Sector Renewal Initiative. But excellence must be sustained. That’s why we’re investing in the roads, power, and connectivity that enable great institutions to thrive. With the largest stem cell lab in West Africa and plans for a medical school, this Centre is more than a hospital, it is a place to heal the sick, and to train the future.” — H.E. Bola Ahmed Tinubu, GCFR, President and Commander-in-Chief of the Armed Forces, Federal Republic of Nigeria, represented by H.E. Senator Kashim Shettima, Vice President of the Federal Republic of Nigeria

    Commenting on the momentous achievement, Prof. Benedict Oramah, President and Chairman of the Board of Directors of both Afreximbank and AMCE, thanked the Federal Government of Nigeria for providing the land on which the AMCE stands, adding: ” In 2013, I had my own close call when I became seriously ill and was evacuated to King’s College Hospital in London, where a frantic battle to save my life ensued. Being here today is a testament to the power of cutting-edge medical research, clinical knowledge, and a solid healthcare ecosystem. The event we mark today is proof that society is better off saving lives than burying its dead, and that it is a living person who can contribute to development and social transformation. This experience led me to conclude that one of the major contributions I could make to Africa was to help Afreximbank deliver on its health and medical strategy in every way possible. Our vision for the African Medical Centre of Excellence is not just to provide top-notch healthcare but to serve as a catalyst for the transformation of the African health sector, making a bold statement to the world that Africa is finally taking its destiny into its own hands in healthcare sovereignty and global standards.”

    President Oramah also announced the launch of the Africa Life Sciences Foundation to act as the vehicle for mobilising appropriate risk capital to drive research efforts and called on African and non-African governments, banks, high net worth individuals and corporate organisations to join the Bank in investing in the hospital, through this platform.

    Brian Deaver, Chief Executive Officer of AMCE, highlighted the facility’s comprehensive approach: “Today, we don’t just open a hospital—we launch a healthcare revolution for Africa. AMCE represents a paradigm shift in how specialised medical care is delivered on the continent. Our integrated model encompasses early diagnosis, advanced treatment, and long-term disease management, creating a seamless continuum of care that improves patient outcomes and health experiences.”

    He added: “Our mission extends beyond treatment to include world-class medical education, groundbreaking research, and continuous innovation. By combining international expertise with local talent development, AMCE will build sustainable healthcare capacity that serves generations to come.  

    AMCE’s opening signals a new era for Africa — one in which self-reliance replaces dependency, and world-class care is no longer the privilege of a few but the standard for many. By anchoring healthcare delivery, talent development, and innovation on the continent, AMCE is not just stemming the outflow of medical dollars, but redefining Africa’s place in the global health ecosystem.

    Through its clinical partnerships with King’s College Hospital, London and The Christie NHS Foundation Trust, AMCE will be home to advance research, education, and medical excellence by fostering continuous knowledge exchange. In its next phase, AMCE will expand to include a second 350-bed hospital, medical and nursing schools, a medical sciences foundation, research centres, and residential facilities. Together, this integrated ecosystem will position Nigeria as a leading hub for specialist healthcare, medical training, and clinical research on the continent.

    Professor Clive Kay, Chief Executive Officer of King’s College Hospital NHS Foundation Trust said, “We are proud to partner with Afreximbank on this important initiative. The African Medical Centre of Excellence represents a positive step forward, and by bringing together world-class clinical standards, training, and research, we aim to share our expertise and support the development of a sustainable model of care that responds directly to the needs of African patients”.

    Now open, AMCE welcomes patients, healthcare professionals, researchers, and partners to join its mission of delivering world-class healthcare, fostering innovation, and building a healthier, more self-reliant Africa. AMCE is the largest specialised private hospital in Nigeria and West Africa focusing on cardiovascular services, haematology, comprehensive oncology, and general medical services. It currently boasts of 170 beds with a plan to expand this to 500 beds upon completion. It features the largest stem cell laboratory in the region, fifteen post stem cell isolation rooms in West Africa alongside five theatres and three catheterisation laboratories. It also features a 20 bed intensive care unit, six critical care unit beds and 20 chemotherapy chairs with compounding pharmacy among others. Some of the specialised equipment in Nigeria and the region are exclusively hosted by AMCE Abuja. They include the 18 Mev cyclotron, 3 Tesla Magnetic Resonance Imaging, 256 slices computed tomography, brachytherapy machine with iridium source, 4 biosafety cabinets and 128 slices computed tomography machines, among others. 

  • President Tinubu Receives NCSP Director-General, reviews progress of Strategic Partnership with China

    President Tinubu Receives NCSP Director-General, reviews progress of Strategic Partnership with China

    His Excellency, President Bola Ahmed Tinubu, GCFR, on Monday received the Director-General and Global Liaison of the Nigeria-China Strategic Partnership (NCSP), Mr. Joseph Tegbe, at the Presidential Villa for a high-level briefing on the current state of the comprehensive strategic partnership between Nigeria and the People’s Republic of China.

    During the meeting, Mr. Tegbe provided an update on the ongoing activities and initiatives of the NCSP office, highlighting significant progress made in advancing the comprehensive strategic partnership agreement signed by President Tinubu and Chinese President Xi Jinping.

    Since his appointment, Mr. Tegbe has led robust engagements with key stakeholders in the Chinese government and business community, working to attract targeted investments into Nigeria across critical sectors, including infrastructure, technology, manufacturing, agriculture, education, healthcare, and mineral development.

    President Tinubu commended Mr. Tegbe and his team for their dedication and the tangible strides made in aligning international cooperation with Nigeria’s national development goals. He expressed full confidence in Mr. Tegbe’s leadership and reaffirmed his administration’s commitment to leveraging Nigeria’s partnership with China to accelerate industrialization and economic transformation.

    In his remarks, the President charged the NCSP with the task of fast-tracking the execution of priority projects that deliver real and measurable benefits to the Nigerian people. He emphasized the importance of leveraging the Nigeria-China relationship in Nigeria’s industrialization.

    The Nigeria-China Strategic Partnership remains a key pillar of Nigeria’s foreign and economic policy, aimed at unlocking new opportunities in trade, infrastructure, energy, and human capital development.

  • A New Dawn for African Sports: Unlocking Transformational Investment in Community Sports Infrastructure

    A New Dawn for African Sports: Unlocking Transformational Investment in Community Sports Infrastructure

    …The summit also saw the formal launch of Spaces 4 Sports, Sport Nigeria’s flagship initiative designed to address Africa’s sports infrastructure deficit at the grassroots level

    The Sports Africa Investment Summit 2025 has marked a pivotal moment in Africa’s journey toward sports industrialisation and economic transformation. Over two electrifying days in Lagos, the summit, hosted by Sport Nigeria Ltd/Gte (www.SportNigeria.ng) in partnership with the Office of the Presidency and the National Sports Commission, brought together a powerful coalition of stakeholders—government representatives, UNESCO, AFREXIM Bank, Development Finance Institutions (DFIs), investors, and sports industry leaders—all united by a shared vision: to unlock the immense potential of sports as a driver of economic growth, job creation, and community development across Africa. 

    At the heart of this historic gathering was the signing of a groundbreaking technical agreement between the Abia State Government and Sport Nigeria Ltd/Gte, paving the way for Africa’s first-ever Sports Special Economic Zone (SSEZ). This visionary initiative will transform Abia State into a global hub for sports goods manufacturing, leveraging Aba’s legendary craftsmanship, entrepreneurial spirit, and industrial excellence. Aligned with Nigeria’s Industrial Revolution Plan (NIRP) and the African Continental Free Trade Area (AfCFTA), the SSEZ is poised to become a beacon of innovation, trade, and industrialisation, creating thousands of jobs and empowering local businesses. 

    According to Hon. Nwaobilor Ananaba, Commissioner for Sports, Abia State, “The Special Sports Economic Zone is a game-changer for Abia State and Nigeria at large. Under the visionary leadership of His Excellency, Dr. Alex Otti, OFR we are committed to driving a collective agenda that will transform Abia into the premier hub for sports goods manufacturing and infrastructure development. This project is a bold step toward job creation, youth empowerment, and economic diversification, and we will work tirelessly to ensure its full realisation with our partners, Sports Nigeria.” 

    The summit’s robust discussions underscored the pressing need for innovative financing models, capacity-building initiatives, and diaspora engagement to sustain long-term development. According to Mr. Chinedum Chijioke, Chair of the Abia State Investment Office, “The signing of this agreement marks the beginning of a transformative journey to attract global investments and build an ecosystem where sports, commerce, and industry thrive together. We are dedicated to fostering strategic partnerships that will actualise this vision and create lasting economic impact.” 

    The summit also saw the formal launch of Spaces 4 Sports, Sport Nigeria’s flagship initiative designed to address Africa’s sports infrastructure deficit at the grassroots level. This cluster-based model will integrate community sports hubs across the continent, providing accessible facilities that encourage mass participation in sports, particularly within the education sector. By embedding sports into daily life, Spaces 4 Sports aims to achieve a 50% increase in mass sports participation, enhance youth engagement, and accelerate progress toward the Sustainable Development Goals (SDGs) and Africa Union Agenda 2063, using sports as a catalyst for education, health, and gender inclusivity. 

    The message from the summit was clear: Africa’s sports economy is ready to take off, but it will require bold investments, visionary leadership, and strategic partnerships to realise its full potential. This point was emphasised by Ms. Nkechi Obi, CEO of Sport Nigeria Ltd, “Sports is more than entertainment—it’s an industry, a business, and a force for economic transformation. Abia’s Sports Special Economic Zone is the first of its kind, but it won’t be the last. We are setting a precedent that others will follow.” 

    The private sector has a critical role to play in bridging the infrastructure gap and unlocking the industry’s potential. With sports serving as a multi-billion-dollar industry globally, Africa is uniquely positioned to harness its youthful population, raw talent, and market demand. Strategic investment in sports infrastructure will not only drive economic growth but also create employment, boost tourism, and elevate Africa’s global sporting competitiveness. 

    Mr. Yahaya Maikori, Vice Chairman of Sport Nigeria, notes that “We don’t need more talk—we need action. This SSEZ is our action plan. The world is watching, and investors are ready. Now is the time.” 

    The foundation has been laid. The partnerships are forming. Now is the time for investors, DFIs, and Africa-focused development organisations to step forward and seize this unprecedented opportunity. The future of African sports is not on the sidelines—it’s in the factories, the training centers, the research labs, and the boardrooms. 

    The call to action is clear: Invest in Africa’s sports future. Build the infrastructure. Empower the youth. Transform communities. Together, we can change the game. 

  • Feature- Abuja-Kaduna-Zaria-Kano (AKR) Dual Carriageway Project: Setting the Record Straight and Reinforcing Commitment to Dialogue

    Feature- Abuja-Kaduna-Zaria-Kano (AKR) Dual Carriageway Project: Setting the Record Straight and Reinforcing Commitment to Dialogue

    Recent statements attributed to the Honourable Minister of Works, Senator David Umahi, CON, during his visit to the Abuja-Kaduna-Zaria-Kano (AKR) Highway project site, and a wave of media reports ongoing have raised concerns. While we recognise and respect the Honourable Minister’s commitment to Nigeria’s infrastructure, it is imperative to clarify key facts regarding the AKR project and Julius Berger’s performance.

    Project Background and Economic Realities

    Julius Berger strives to deliver transformative infrastructure solutions whilst adhering to agreed budgets, timelines and best-in-class sustainability standards. The company has a long-standing track record attesting to the integrity of this commitment.

    The AKR Highway project was costed in 2017, before being flagged off in 2018, at which time inflation was approximately 16.5%. Since then, Nigeria has faced significant socio-economic challenges, including but not limited to inflation now exceeding 30% and exchange rate depreciation from ₦320/$ to over ₦1,600/$, which have driven sharp increases in energy and material costs. These factors necessitated adjustments in line with our contract.

    Over the course of the project Julius Berger introduced innovative solutions to bring unmatched progress considering scope and requirements, including the pioneering of an asphalt recycling methodology, according to international best practice, enabling a significant reduction of construction time and costs.

    AKR Highway Project Status

    The AKR Highway project was 65% completed before the contract’s wrongful termination in December 2024. Progress across its sections was as follows:

    Section 1 (Abuja-Kaduna): 30% completed. Work was suspended on 15th October 2024 due to unmet assurances. Furthermore, its status reflects the unprecedented security challenges faced along the route as well as consistent delays in payments by the client.

    Section 2 (Kaduna-Zaria): 100% completed.

    Section 3 (Zaria-Kano): 90% completed.

    It is also crucial to emphasise the following indisputable facts:

    Adherence to Contractual Obligations: All costs submitted by Julius Berger, including those addressing outstanding payments and cost adjustments, fully comply with the contractual terms and are supported by detailed documentation shared with the Federal Ministry of Works.

    Unilateral Contract Termination: The AKR contract termination was unilateral, and Julius Berger continues to seek an equitable resolution that upholds the principles of fairness and contractual compliance.

    Commitment to Dialogue and Facts: Julius Berger remains committed to constructive engagement with the Federal Ministry of Works to resolve outstanding issues amicably and in the spirit of collaboration. Contrary to recent claims:

    For over 50 years, Julius Berger Nigeria Plc has remained a trusted partner in Nigeria’s development, delivering transformative infrastructure and building works with professionalism, transparency, and adherence to the highest standards of excellence. Over the course of our history, at no time have the Federal Government, or any client for that matter, had reason to terminate any contract with Julius Berger. Collaboration, mutual respect and shared goals have guided the successful delivery of projects, no matter the challenge.

    Through pre-financing works, advancing projects amidst adversity, and delivering critical national infrastructure reliably, we have demonstrated unwavering dedication and resilience. We remain confident that, through transparent dialogue, current matters can be resolved to further support the nation’s infrastructure goals.

    We assure our clients, partners, shareholders and communities of our resolute commitment to progress and of our enduring values.

    We would like to express our deepest appreciation to His Excellency, President Bola Ahmed Tinubu, GCFR, for his visionary leadership and commitment to advancing Nigeria’s goals under the Renewed Hope Agenda. His Excellency’s focus on reform, economic growth, and infrastructure development lays a solid foundation for transformative national progress. We stand ready to support this vision for the benefit of every citizen of Nigeria.

  • Pernod Ricard Nigeria’s Upcycled Bottle Christmas Tree to Promote Circular Economy

    Pernod Ricard Nigeria’s Upcycled Bottle Christmas Tree to Promote Circular Economy

    Pernod Ricard Nigeria is thrilled to announce the unveiling of the Jameson Upcycled Bottle Christmas Tree, an eco-friendly initiative that combines sustainability with festive cheer. The event will kick off on December 21, 2024, at 6pm at the Ikeja City Mall Car Park, Alausa, Ikeja, and will run until January 1, 2025, featuring a series of engaging activities designed to create buzz and excitement.

    This innovative project transforms approximately 2,500 empty Jameson bottles into a stunning 4-foot work of upcycled art, promoting environmental responsibility and community engagement. This initiative underscores Jameson’s commitment to eco-friendly practices and sustainable development.

    Pernod Ricard Nigeria, the world’s second-largest wine and spirits company, aims to make the yuletide season unforgettable for fun-seekers with this unique unveiling. According to the company’s Managing Director, Michael Ehindero, “The initiative seeks to promote sustainability and environmental awareness, showcasing creative reuse of materials to foster community engagement and social responsibility.”

    The Jameson Bottle Christmas tree will feature unique activities that will span a 12-day period, representing the famous “Twelve Days of Christmas”. The event will feature a variety of activities designed to drive memorable, impactful brand recall and community involvement. Highlights will include bond and connect sessions, Jameson-themed activities, Jameson candle art and gifting corner, silent disco, Carol, owambe, sip and paint sessions, Karaoke, Open Mic and a New Year’s Day concert. Each day will feature DJ performances and music to enhance the festive atmosphere.

    His Excellency, Governor Babajide Sanwo-Olu, of Lagos State as well as the Honourable commissioner for Environment and Water Resources, Mr. Tokunbo Wahab will commission the Jameson Upcycled Bottle Christmas Tree at the launch of the event. This initiative aligns with Pernod Ricard’s Circular Making pillar of its Sustainability and Responsibility Roadmap 2030 and highlights the company’s commitment to sustainable practices and community involvement.

    We invite all residents to witness the unveiling of the Jameson Upcycled Bottle Christmas Tree and join in the celebrations.

  • Harnessing the Power of the Carbon Market: Private Sector Leaders Chart the Path for Sustainable Development in Africa

    Harnessing the Power of the Carbon Market: Private Sector Leaders Chart the Path for Sustainable Development in Africa

    The Private Sector ESG Forum, a leading platform designed to champion sustainable business practices across Africa, concluded its 2024 edition with a resounding call to action for the private sector to leverage the carbon market as a catalyst for investment to propel a greener, more inclusive future for Africa.

    The 2024 ESG Forum, with the theme “The Carbon Market: Driving Investment for a Sustainable Africa,” was held on Wednesday, November 6th, 2024, at the Civic Centre, Lagos. This year’s forum brought together prominent business leaders, policymakers, and sustainability experts to explore how the carbon market can unlock transformative opportunities for the continent.

    Yarub Al-Bahrani, Managing Director of BAT West & Central Africa, set the tone for the day’s discussions in his welcome address, emphasizing the private sector’s crucial role in addressing the climate crisis and driving sustainable development.

    “Africa stands at the crossroads of unprecedented opportunity and pressing environmental challenges. As the world transitions to a low-carbon economy, the carbon market offers Africa a unique chance to lead in climate action while attracting much-needed investment for sustainable growth. By leveraging the carbon market, we can generate economic opportunities that uplift communities, advance clean technologies, and build more sustainable industries,” said Al-Bahrani.

    Dr. Oreoluwa Finnih, Special Adviser to the Lagos State Government on Sustainable Development Goals (SDG) who represented the Lagos State Governor, His Excellency, Babajide Sanwo-Olu, shared Lagos state’s commitment to sustainability and good governance practices.

    “Lagos state recognizes the importance of ESG principles in driving a green and resilient economy. The state has taken several steps to advance ESG priorities, including pioneering waste-to-energy projects that convert solid and liquid waste into renewable energy sources, and establishing the Lagos carbon registry,” said Dr. Finnih.

    She also highlighted the state’s commitment to leading by example in transparency through its public-private partnerships in areas like infrastructure, healthcare, and waste management, which aim to reduce bureaucratic delays and improve citizen access to services.

    During his keynote address, Paul Muthaura, CEO of Africa Carbon Market Initiative, expressed the need for collaborative actions to drive sustainable development. He said “The carbon market stands as an opportunity for Africa businesses. It is a tool that enables us to harness our rich natural resources while driving investments that empower communities and protect our environment. Together, we can transform the challenges of climate change into pathways for economic growth, ensuring that Africa leads the world in creating a sustainable future”. 

    The forum featured a series of insightful panel discussions that delved into the multifaceted impact of climate change on African businesses, the financial challenges and solutions for decarbonization projects, and the intricacies of the carbon market and carbon credits.

    The speakers shared valuable insights on how companies can navigate the risks and seize the opportunities presented by climate change, as well as the innovative financing mechanisms and business models that can make decarbonization more viable and attractive to investors.

    Key speakers at the event included: Dr. Innocent Bariate Barikor, Director General/CEO of National Environmental Standards and Regulations Enforcement Agency (NESERA); Segun Ajayi-Kabir, Director General, Manufacturers Association of Nigeria (MAN); Mr. Paul Muthaura CEO, Africa Carbon Markets Initiative, Kenya; Titilayo Oshodi, Special Adviser to the Lagos State Government on Climate Change; Ademola Ogunbanjo, President/CEO, Oando Clean Energy; Ejiro Gray, Director, Governance & Sustainability, Sahara Group; Jocelyne Landry Tsonang, Project Manager Africa, Green Bond Corporation, Cameroon; Afolabi Akinrogunde, Snr. Deal Lead/Business Opportunity Manager, Shell Energy Nigeria; Habiba Suleiman, Head of Strategic Partnerships, TGI Group, amongst many others.

    Part of the highlight of the event was the announcement of the Young Professional Mentorship Programme, aimed at gathering young sustainability enthusiasts to expand awareness and build capacity on ESG.

    “This programme is a transformative step towards empowering the next generation of young sustainability leaders by fostering a community of passionate young professionals, we are not only expanding awareness around ESG but also building the capacity needed to drive meaningful change across Africa. Collaboratively, we can cultivate innovative solutions that will shape a sustainable future for our continent,” said Odiri Erewa-Meggison, Director, External Affairs BAT WCA & Chairman, ESG Forum Technical Committee. 

    The forum also emphasized the responsibility of the private sector, policymakers, and the broader stakeholder community to integrate sustainable practices into their operations and strategies. At the close of the event, participants collectively pledged to be more responsible to ESG practices. This aimed at uniting stakeholders in the race for accountability in driving sustainable progress and addressing pressing environmental and social challenges. 

    For inquiries for the ESG Forum and registration for the Young Professional Mentorship Programme, please visit www.esgforumafrica.com

  • Seplat Energy Announces NUPRC Confirmation of Consent on MPNU Deal

    Seplat Energy Announces NUPRC Confirmation of Consent on MPNU Deal

     Seplat Energy Plc, a leading Nigerian energy company listed on both the Nigerian Exchange and the London Stock Exchange, is delighted to announce that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that consent has been granted by the Honourable Minister of Petroleum Resources in Nigeria, President Bola Ahmed Tinubu GCFR, to proceed with the acquisition of the entire issued share capital of Mobil Producing Nigeria Unlimited (‘MPNU’) (“the Transaction”).

     Seplat Energy sincerely thanks His Excellency, President Bola Ahmed Tinubu GCFR, for granting this approval, and appreciates the support and diligence of the various Ministries and regulators for all the work on this Transaction.

    Further announcements will be made as and when appropriate, in line with regulatory requirements.

  • NECA Praises PEBEC Regulators’ Forum

    NECA Praises PEBEC Regulators’ Forum

    The Nigeria Employers’ Consultative Association (NECA) commends the Federal Government for its ongoing efforts to address regulatory bottlenecks and create a more conducive environment for businesses in Nigeria. The recent inauguration of the Presidential Enabling Business Environment Council (PEBEC) Regulators’ Forum is a significant step towards eliminating the operational and regulatory challenges that have long beleaguered the private sector.

    Speaking on Friday 20th September, 2024, the Director-General of NECA, Mr. Adewale-Smatt Oyerinde, applauded the government’s commitment to improving the nation’s business climate. He expressed appreciation for the leadership demonstrated by His Excellency, Vice President Kashim Shettima, as Chair of PEBEC, and the comprehensive participation of priority Ministries, Departments, and Agencies (MDAs) in the forum.

    “By tackling the bottlenecks and inefficiencies that have stifled business operations for years, the Federal Government is paving the way for a more dynamic and resilient private sector. We are optimistic that this renewed focus on coordination, transparency, and efficiency will translate into tangible benefits for businesses and the economy at large,” He added.

    The NECA DG lauded the forum’s focus on the Regulatory Impact Assessment (RIA) framework, which promises to enhance the productivity and competitiveness of businesses operating within Nigeria. He affirmed NECA’s continued support and collaboration with PEBEC to ensure that key decisions made during the forum are swiftly implemented.

    As Nigeria continues to pursue economic reforms under the leadership of President Bola Ahmed Tinubu, NECA reiterates its commitment to working with the government and regulatory agencies to ensure that the private sector thrives in a business environment free from unnecessary hindrances.

  • Amo Farm Sieberer Hatchery Limited Celebrates and Supports Coronation of Alaawe of Awe, Oba Cornelius Abiola Taiwo Oladokun III

    Amo Farm Sieberer Hatchery Limited Celebrates and Supports Coronation of Alaawe of Awe, Oba Cornelius Abiola Taiwo Oladokun III

    Amo Farm Sieberer Hatchery Ltd., a leader in Nigeria’s agricultural sector, commemorated and supported the coronation of the new Alaawe of Awe, Oba Cornelius Abiola Taiwo Oladokun III, reaffirming its commitment to the community. The coronation took place on July 5, 2024, at St. Joseph Grammar School, Awe, Oyo State.

    Awe, Oyo State, where approximately 70% of Amo Farm’s – national operations are based, holds a special place in the company’s ethos. Over the years, Awe has been a pivotal location for operations and a cherished home where the company has flourished. Amo Farm Sieberer Hatchery is the primary employer in Awe, making substantial contributions to local employment and economic vitality, and has consistently engaged in various Corporate Social Responsibility (CSR) initiatives, including establishing a computer school to empower local youths.

    Before the coronation ceremony, Amo Farm demonstrated its enduring support by presenting gifts to the newly crowned Alaawe. This gesture symbolized the company’s appreciation and commitment to Awe’s prosperity under its new monarch. The presentation was led by key members of the company’s leadership team, including Dr. Anand Burra, Managing Director of Amo Farm Sieberer Hatchery; Dr. Agboola Belgore, Managing Director of Amo Byng; Mr. Emmanuel Oloruntoba, Director of Supply Chain; and Mr. Victor Alabi, HR and Admin Manager.

    Additionally, Dr. Ayoola Oduntan, Group Managing Director of Amo Farm Sieberer Hatchery Limited, paid a congratulatory visit to the Alaawe, emphasizing the significance of Awe to the company’s operations. “Awe holds a special place in our national operations, and the support and partnership we share are deeply valued,” remarked Dr. Oduntan. “I extend heartfelt congratulations to you, and I pray for a prosperous and harmonious reign ahead. I look forward to continuing our journey of mutual respect, growth, and development for the benefit of all.”

    In response, Oba Oladokun expressed gratitude for Dr. Oduntan’s visit and highlighted the positive impact of Amo Farm Sieberer Hatchery on Awe and its people. “Amo Farm has brought significant benefits and positive developments to Awe and its people, and for this, we are sincerely appreciative,” said the Alaawe, who extended prayers for the continued success and prosperity of Amo Farm.

    On the coronation day, Amo Farm demonstrated its support by participating in the thanksgiving service at Christ Baptist Church, Awe. The company served the guests at the event with Chicken products from its subsidiary company natnudO Foods.

    The highlight of the coronation ceremony was the presentation of the staff of office to Oba Oladokun by the Deputy Governor of Oyo State, Barrister Abdul-Raheem Adebayo Lawal, representing His Excellency, Governor Seyi Makinde.

    Amo Farm remains steadfast in its commitment to Awe and looks forward to continuing its fruitful partnership with the Alaawe and the community at large. The company is dedicated to contributing positively to the growth and prosperity of Awe and its people.

  • IFC Managing Director, Makhtar Diop, to Visit Nigeria to Discuss Advancing Private Sector Development

    IFC Managing Director, Makhtar Diop, to Visit Nigeria to Discuss Advancing Private Sector Development

    Makhtar Diop, Managing Director of the International Finance Corporation (IFC), will visit Nigeria from June 3rd to 6th to meet with senior government officials and private sector leaders to highlight IFC’s commitment to support sustainable private sector growth and job creation in the country.

    Mr. Diop’s visit to Nigeria will take place at a critical time when private sector support is increasingly pivotal in revitalizing the country’s economy. His engagements will focus on enabling private sector-led expansion in Nigeria’s manufacturing, energy, agribusiness, industrial, technology and creative sectors and how IFC can deepen its support for the country’s growth strategy.

    In Abuja, Mr. Diop will meet with His Excellency, President of Nigeria, Bola Tinubu; Minister of Finance and Coordinating Minister of the Economy of Nigeria, Wale Edun; and the Governor of the Central Bank of Nigeria, Olayemi Cardoso; and other senior government officials.

    In Lagos, Mr. Diop will hold strategic engagements with the private sector, including with business leaders across various sectors and women entrepreneurs, on fostering partnerships, unlocking opportunities, and scaling initiatives that support inclusive growth, job creation, and innovation.

    IFC has been engaging in Nigeria for more than 30 years and is scaling up its support for private sector development in the country — which is among IFC’s top 10 portfolios globally and IFC’s second largest portfolio in Africa, after South Africa. IFC has an active investment portfolio of $2.13 billion in key sectors in Nigeria, including manufacturing, agribusiness, energy, digital technology, infrastructure, and financial markets.