Tag: Niyi Yusuf

  • FirstBank Hosts Nigeria Economic Outlook 2026, Leads Conversation on Economic Growth

    FirstBank Hosts Nigeria Economic Outlook 2026, Leads Conversation on Economic Growth

    FirstBank, West Africa’s premier financial institution and financial inclusion service provider, is pleased to announce the Nigeria Economic Outlook 2026 scheduled to hold on Tuesday, 6 January 2025. The theme of the session is “The Great Calibration: Mastering Resilience in an Era of Asynchronous Growth”

    Nigeria Economic Outlook is an annual customer-facing session which sets the tone on prevailing economic realities, equipping FirstBank customers with insights to navigate the economy effectively at the start of the year. The 2026 edition will review Nigeria’s economic landscape over the past year, provide an outlook for 2026, and deliver expert perspectives on global and domestic trends and their implications for the nation’s economy in the year ahead.

    Commenting ahead of the event, the Acting Group Head, Marketing & Corporate Communications at FirstBank, Olayinka Ijabiyi said, “FirstBank remains dedicated to supporting the growth and development of Nigerian businesses and individuals, and this event is a testament to that commitment. As we welcome the new year, the Nigeria Economic Outlook 2025 will serve as a platform for our customers and stakeholders to learn how to navigate the complexities of Nigeria’s economic landscape in 2026. This initiative aims to help them make informed decisions based on expert recommendations and insights garnered from the session to drive giant transformative progress, allowing both businesses and individuals to thrive in the new year.”

    The session will feature a distinguished lineup of speakers including economic analysts and industry leaders. The keynote address will be delivered by Yemi Kale, Group Chief Economist & Managing Director of Research & Trade Intelligence, Afreximbank.

    Following the keynote, a high-level panel discussion will feature Olusegun Zaccheaus, Chief Economist, PwC; Francis Anatogu, Chief Executive, Transaharan; Professor Bongo Adi, Professor of Economics & Data Analytics, Lagos Business School; Niyi Yusuf, Managing Partner, Verraki; Cheta Nwanze, Lead Partner at SBM Intelligence; Osahon Ogieva, Deputy Managing Director, FirstBank; Ayokunle Ojo, Head, Treasury Sales & Derivatives Marketing, FirstBank; and Laura Fisayo-Kolawole, Head, Equities and Alternative Solutions, First Asset Management. The panel discussion will be moderated by Chike Uzoma, Head, Strategy & Corporate Development, FirstBank.

    To be a part of the session, interested participants can register and participate via https://firstbanknigeria.zoom.us/webinar/register/WN_PvQyniM4Rpmp1HqQoqbPvQ

    As the partner of first choice for personal, business and corporate financial decisions, FirstBank will continue to support Nigerians in achieving their financial aspirations, driving growth and prosperity across the nation, and shaping a brighter economic future for all.

  • African private sector and philanthropic leaders launch landmark coalitions to address Africa’s learning crisis

    African private sector and philanthropic leaders launch landmark coalitions to address Africa’s learning crisis

    As aid for Africa’s education sector declines, African countries, philanthropists and private sector leaders commit to ensuring every child acquires  the essential foundational  learning skills essential for future learning and success.  

    Human Capital Africa (HCA), The Nigerian Economic Summit Group, The Aliko Dangote Foundation and the African Philanthropy Forum today launched two high-level coalitions to drive collective action to overcome the learning crisis in Africa.

    • The African CEOs’ Coalition for Foundational Learning will bring together private sector leaders to tackle the learning crisis, harnessing their influence, networks, and corporate capabilities to strengthen delivery, shape policy, and build the skilled workforce Africa’s future demands.
    • The Africa Philanthropy Coalition for Foundational Learning will combine the collective influence, expertise,  and resources of Africa’s growing philanthropic sector to increase the resources available to catalyse and deliver proven, African-led solutions.

    The launch event took place at a high-level dinner at the Transcorp Hilton Abuja to mobilise urgent action from African stakeholders to deliver African-led solutions to address the continent’s learning crisis. Across Sub-Saharan Africa, nine out of ten children cannot read and understand a simple text by the age of ten. This is one of the highest rates of learning poverty in the world, and it is not just an education challenge. It is a human capital emergency.

    That emergency is made even more acute by recent changes in the global funding landscape for education. Between 2023 and 2026, global education aid is projected to decline by US $3.2 billion, a 24 percent drop. In West and Central Africa, funding could fall by 25 percent, and by 28 percent in Eastern and Southern Africa.

    At the dinner, leaders focused on practical steps needed to deepen collaboration and partnerships between African stakeholders to fill the education finance gap and scale up the African-led solutions that are demonstrating strong progress at country-level.

    Opening the conversation, Dr. Oby Ezekwesili, Founder and CEO of Human Capital Africa said, “We are here with the conviction that Africa led philanthropy and private sector leadership can change the trajectory of education on our continent. They must become active participants in the process of fixing this time bomb.  It is a solvable problem if we work together.

    The message is clear: we can no longer depend on others to solve this challenge for us. Africa must lead, by mobilising domestic resources, designing solutions for our contexts, and building powerful partnerships that put foundational learning at the centre of our development agenda.

    In his remarks, Chairman of the Nigerian Economic Summit Group, Niyi Yusuf said, “As business leaders it is in our enlightened self interest to ensure our populations become a productive and innovative working class that can think, but most importantly thrive.  When the foundation is weak, there is only so much you can build on top. By 2050 Africa will have 2.5 billion people, and the majority of them will be young people. They are not just the workforce of the future, they are the consumers of the future. If they can’t produce quality. If they can’t earn properly. They cannot consume. As the NESG, we would like to publicly commit to this work on foundational learning. The journey starts today.”

    Zouera Youssofou, the CEO of the Aliko Dangote Foundation, endorsed the African Philanthropy Coalition on Foundational Learning, saying: “If you don’t get foundational learning right, nothing else will matter.  That is the message that we need to keep repeating. We all know it. But we are not paying enough attention and we are not investing enough in it.

    African philanthropies are in Africa, close to the beneficiaries of our work and aware of the context. There are things a local organisation can do that an outside organisation cannot. We have been the beneficiaries of foreign aid for too long. These are things that we must address ourselves.”

    In a passionate keynote address, Dr Tayo Aduloju, the CEO of the Nigerian Economic Summit Group said, “This problem is so profound, because we can see that we are budgeting and spending our limited resources on building more schools, on employing more teachers, and we are told that just spending money solves the problem. It doesn’t. Our children are struggling to learn in a system that does not teach learning. Many of them are smart enough to realise that they are not learning, and that realisation is a key driver of our children leaving schools.

    Learning poverty is a symptom of a nation of irresponsible adults. We have to solve for a generation of irresponsible adults that has left 20 million children out of school and more unable to learn. As the NESG commits to this coalition we must acknowledge that we cannot afford to fail. How we treat the child in the next decade will determine not just our competitiveness but our survival as a country and as a continent.”

    Demonstrating the potential power of African philanthropy Mosun Layode said, “Africans have an estimated investable wealth of $2.7 trillion and the number of millionaires is expected to grow by 65% in the next decade. We have the wealth required to drive development on the African continent. We need to ensure our philanthropy is aligned with national plans, does not work in silos and invests its resources collaboratively in the areas that drive impact.”

    The African CEO and Philanthropy Coalitions will complement the success of the African Ministerial Coalition for Foundational Learning, which has delivered strong commitments from more than 30 countries to end learning poverty in Africa by 2035. 

  • Young President Organization Donates Medical Equipment to LASUTH

    Young President Organization Donates Medical Equipment to LASUTH

    Young President Organization (YPO), a global non-pofit organization with constant need for Business Development, Edutainment and Networking platforms recently donated some medical equipment taken from the Eti-Osa Isolation Centre to Lagos State University Teaching Hospital (LASUTH).

    This gesture to donate world class medical equipment is aimed at boosting medical service delivery to the people of the state and its environs, in order to contribute to the development of the health care system now and for many years to come.

    The Chairman of LASUTH Board, Dr. Richardson Ajayi, Mr. Oluseyi Bajulaye, Member of LASUTH Board and the Chief Medical Director, Prof. Adetokunbo O. Fabamwo, on behalf of the entire Board and Management of the hospital received and appreciated the donation with promise to put the equipment to adequate use.