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EFECTIVE NIGERIAN YOUTHS; A BANE TO NATIONAL DEVELOPMENT by Ifemosu Michael Adewale
The importance of youth in the development of any nation cannot be overemphasized. The youth constitutes the backbone and future of any nation, unfortunately, in most countries of the world, the youth are marginalized and excluded from governance and the development process.
This is why it is necessary to focus on the Effectiveness of Nigerian Youths as a bane for National development so that they become productive and contribute to the development of society.
The Youth have great roles to play in the development of nations.
In Nigeria, young people have been relegated to the background.
In the first republic and during the first phase of military rule, young people played active role in the governance of Nigeria. Alhaji Shehu Shagari and Alhaji Ibrahim Waziri became Federal Ministers in their 20s. Matthew Mbu became an ambassador in his early 20s. Col Yakubu Gowon became head of state at the age of 28.
In 1976, Gen. Olusegun Obasanjo became the head of state, I was not yet born then, In 1999, he became the President of Nigeria, I was in primary school then.
Nigerian Youth must reject the cliché of being the leaders of tomorrow, because That tomorrow may never come.
In the 1960s and 1970s, the students under the platform of National Association of Nigerian Students and the Youth under the platform of the Patriotic Youth Movement of Nigeria (PYMN) were the conscience of the Nation, they fought against the Anglo-Nigeria defence pact that would have mortgaged the independence of Nigeria, they fought against unpopular anti-people and anti-youth policies such as increase of school fees (Ali must Go in 1978 led by Akoogun Segun Okeowo ); structural adjustment programme and increase in the price of petroleum products, but today, student and youth bodies have become specialists in giving awards to politicians especially those with bad public image for a fee ( a case study of the award conferred on Senator Buruji Kashamu as the Golden man of the year earlier this year) if i may ask what is golden about him?….but will save that for another day.
In the 1950s and 1960s, the Student Christian Movement (SCM) was one of the major organisations that deepened the spiritual life of Christian Students, inculcated Christian values and built Christian leadership, indeed, many of the Christian leaders today in several denominations are products of the Student Christian Movement e.g Mike Bamiloye Founder mount zion films
In the last few decades, youth in Nigeria have been neglected and relegated to the background, All facets of life including family, schools, religious organisations and government have neglected youth development.
In this paper, we examine the challenges of youth in Nigeria and how to make the Nigerian youth become productive. But first, we explicate the concepts of Youth, youth development and Productivity.
BASIC CLARIFICATIONS
The Youth constitutes the backbone and the future of any nation. The progress and future development of any nation depends to a large extent on the youth. This is why most nations have concrete development programmes for their youth.
The place and importance of the Youth in society cannot be overemphasized. This was adequately captured in Nigeria Youth Policy which stated that:
Youth are one of the greatest assets that any nation can have, Not only are they legitimately regarded as the future leaders, they are potentially and actually the greatest investment for a country’s development, They serve as a good measure of the extent to which a country can reproduce as well as sustain itself, The extent of their vitality, responsible conduct, and roles in society is positively correlated with the development of their country.
There are certain unique characteristics of the Youth which include:
They are the future of any nation and serve as the bridge that link the present to future generations.They constitute the most active and productive part of any nation.
They constitute the largest part of the population of most nations especially the developing nations.They are relatively inexperienced and impatient but their spontaneity, adventure and daring disposition can be put to productive use.
They are very dynamic and can serve as agents of social change especially is societies experiencing moral degeneration.
The persons that fall within the age bracket of Youth is defined differently by different institutions and nations. The United Nations defines the Youth as those within the ages of 15-24 years. The NYSC puts its age bracket as from 18-30 years. But the youth policy defines the youth as all young persons of the ages 18-35 years. It identified the problems confronting the youth in Nigeria to include:
YOUTH DEVELOPMENT/EMANCIPATION
Youth development is the on-going growth process in which all youth are engaged in attempting to meet their basic personal and social needs to be safe, feel cared for, valued, useful and spiritually grounded to build skills and competencies that allow them to function and contribute in their daily lives.
Youth development is a process and requires the support of the family, community and the government. It requires support (motivational, emotional and strategic); creation of opportunities and provision of services (education, health, employment, information etc).
Unfortunately, in the last three decades, youth development has been neglected in Nigeria leading to increase in youth restiveness and crime. The youth has become a reserve army of the unemployed used by irresponsible politicians and religious bigots to perpetuate violence and thuggery. Many of the young people have lost confidence on the elders and institutions of government. For Nigeria to progress, there must be change among the youth to develop themselves and become agents of social action and change. It has been shown that people can develop themselves by continually learning, growing and becoming more capable and competent over the years.
THE NIGERIAN YOUTH
In most societies especially in the developing world, young people constitute the majority of the population. In Guatemala, the youth represent 70 percent of the population.
In Morocco, in 2008 with an estimated population of 31 million, about 36 percent are of the ages between 15 and 34.
In the Russian federation, the youth population is over 20 percent of the estimated 142.5 million in 2006.
In Nigeria, young people account for over 70 percent of the population, those between 10-24 years constitute 33.6 percent. 90% of Nigerians are below 65 years and the average age of Nigerian is 19.2 for male and 19.3 for female. The youth constitute 62.4% of the 73.5 million Nigerians registered to vote in the 2015 general elections. According to the former Minister of Youth Development, Alhaji Bolaji Abdullahi, 42.2 percent of Nigeria’s youth population are out of job and 80 percent of them do not have more than secondary school certificate which is very high compared to 21 percent in the middle east and 16 percent in the UK.
Despite the large percentage of young population, they are excluded from social, economic and political positions.
BUILDING THE YOUTH TO BECOME PRODUCTIVE
There is the need for urgent refocus on youth development by the family, community, religious organisations and government.
Need for Value Re-orientation
We know that values are deep seated beliefs that influence people’s actions and the rules by which they make decisions within their society. Values determine attitudes which in turn influence behaviour. Every society defines its values and engages in activities that will sustain those set of values. The 1999 Nigerian Constitution (as amended) provides for the motto, social order and national ethics which underpin the values of Nigeria. The Constitution provides that the motto of the country shall be unity and faith, peace and progress. The Constitution also provides that the state social order is founded on the ideals of freedom, equality and justice. Section 23 provides that the national ethics shall be discipline, integrity, dignity of labour, social justice, religious tolerance and patriotism. Section 24 further prescribes duties for citizens of Nigeria to abide by the constitution, respect its ideals and its institutions, the national flag, the national anthem and legitimate authorities; help to ensure the good name of Nigeria, defend the country and render national service and respect the dignity of other citizens.
However, the lived experience of Nigerians is quite different from the constitutional provisions on ethics and values for the country. There is a lot of indiscipline in every facet of life in the country. Integrity is no longer cherished by many people. The get rich quick syndrome and pursuit of easy money has reduced the dignity of labour. There is high level of religious intolerance and the love for the country is waning. Many Nigerians have no respect for our institutions and national symbols. There is therefore the need for a comprehensive re-orientation through well thought out research; the creation of new compelling stories of Nigeria, the Nigerian dream and with publications, documentaries and slogans that resonate with the Nigerian people while building institutions based on values.
Building the Leadership for the Next Century
It cannot be overemphasized that leadership is one of the most important variables that determine the progress and development of any country. Nigeria came into being by the amalgamation of Southern and Northern protectorates in 1914. By 2014, Nigeria was one hundred years old. There is consensus that Nigeria has not utilized its potentials to the fullest. Indeed, the pervading poverty, insecurity, underdevelopment and poor development indices has been blamed squarely on leadership. For the past one hundred years, Nigeria has not witnessed the kind of dynamic, strategic and visionary leadership that can turn the potentials of the country into real opportunities for the people. This is why it is necessary to build the kind of leadership to accelerate the development of the country in the next one hundred years.
It is very clear that the context of the past one hundred years will be quite different from the context of the next one hundred years.
For instance, the amount of information available to leaders is going to continually increase in the next one hundred years. Future leaders will therefore have to develop the ability to access the most relevant information and differentiate them from irrelevant information. Similarly, the market has affected every facet of life in very fundamental ways in the last one hundred years. Future leaders will need to understand clearly the market and how the ideology of free market and deregulation has affected politics, the economy and every facet of life. The world is undergoing rapid changes in every facet. At the beginning of the 21st century, more than half of the workforce in industrial world are self employed or in temporary or part time jobs requiring management in different ways. In Nigeria today, there is a lot of emphasis on entrepreneurial training and the workforce will change in the next one hundred years. It is therefore necessary that future leaders need to find new ways to align people around national agenda and interests especially as it has been shown that laws, rulebooks, training programmes and compliance systems have not worked in all cases.
Youth Inclusion in Governance and Development
Participation is a crucial element of democracy. Deepening of democracy requires participation of all social groups and categories. The Youth constitute a majority of the population of most countries and it is a necessity that they participate in the democratic process. It has been argued that youth inclusion should be geared to achieve youth representation; improve policy outcomes for young people; enhance the capacity of political institutions to substantively engage with young people; provide opportunities for young people not merely to be included within consultative and participative structures but for them to be able to change the ‘rules of the game’; and develop young people’s sense of competency to engage as public actors.
Unfortunately, all over the world, the participation of citizens in the political process is decreasing. For instance, whereas in the 1960s roughly 13 percent of the electorate paid their dues as members of political parties, in the 1980s, this proportion shrank to 9 percent and in the 1990s only 6 percent called themselves party members. It has been argued that the decline is more among the younger age cohorts.
The tenets of democracy will be completely destroyed if majority of citizens are left out. This is why efforts must be made to include youth in the political process. Since political parties are the major organs through which political activities for the capture of political power is organized, it is imperative that young people are included in party structures.
It is important that young people are trained so that inclusion in later life is easy. Student politics should be encouraged. Prefects should be elected in primary, secondary and tertiary institutions. Student Unions should be given an enabling environment to practice democratic politics. In addition, youth organizations should be more interested in politics. Above all, effective steps should be taken by government to ensure youth development.
The development of nations require the crystallization of new ideas. Old people are known to be resistant to new ideas. The young people are the hope of the society because of their capacity to imbibe new ideas and run with them.
Unfortunately, the old people in Nigeria have refused to give young people a chance. In 2012, the youth leader in one of the major parties was reported to be sixty years old. It is clear that the old people in Nigeria will not create avenues for the young people. The young people must therefore improve their knowledge, organize and mobilize for social action and change. Young people should advocate for quota in political party structures and elective and appointive positions for the youth and women. The definition of youth in Nigeria must be in line with the national youth policy of 18-35 years.
In recognition of the importance of youth inclusion, many countries are implementing programmes to include the youth in the economy and political process. In Guatemala in 2008, youth from different political parties presented plans to strengthen and safeguard the inclusion of young people within the structures of party politics. In Morocco, researchers, surveyors, experts and ministerial departments are working on how to include youth in economy and politics. In the Russian federation, efforts are being made by the Youth department to include youth in the economy and in decision making.
Spiritual Revival led by the Youth
There is the need for spiritual revival across the world. The world is increasingly becoming skeptical about anything related to God. People are grappling with new issues such as evolution. Many are doubting the efficacy of prayers. The old are refusing to give space to the Young. Meanwhile, young people face enormous peer pressure. Pre-teen, teenage and early adulthood years is a period of strong crave for affirmation from peers. The standards of the world is confronting young people every minute through the promotion of sinful practices, negative impact of the media, fashion, tastes and depraved songs. There is the need to build the character of young persons in the formative years so that they can overcome the challenges confronting young people.
Historically, young persons have led revival in the scriptures. Jeremiah was about 17 years old when God called him to minister to the people of Judah (Jer 1:4-8). Samuel would have been around 12 or 13 years when God called him into ministry (Samuel 3:3, 10). David was anointed by Samuel when he was in his teenage years though estimates range from 10 years old to as old as 25. David was probably about 17 years old when he confronted Goliath (1 sam 17).
The world is degenerating. Values are down. Leadership with character and vision is lacking and God is looking for young people who will be faithful to be called to lead the revival in this end time. The Student Christian Movement will have a lot of role to play to actualize this.
CONCLUSION AND THE WAY FORWARD
From the above, it is clear that young people are the greatest asset of any nation. They are the future of any nation and serve as the bridge that link the present to future generations. They are active, dynamic, and adventurous and can serve as agents of social action and social change.
Any serious country should devote a lot of energy and resources to building the youth to be productive. Any country that refuses to develop its youth will endanger its future. When the leadership potentials of young people are not developed, the seeds of failure are being sown. We cannot really talk about democracy and development without the participation of citizens including young people.
The development of the youth requires the active participation of the family, community, schools, religious organisations and government. The training of children starts from the family. The Bible makes it clear that when you train a child in the way he should go, when he is old, he will not depart from it (Prov 22:6). There is the need to return to the basics and prioritise family values. God requires parents to rear their children in a God centred way. The primary objective must be that your children know, believe in, love, reverence and serve the Lord. Deut 6: 6-7; John 17:3; Eph 6:4. It is interesting that the father is primarily responsible for child training (Eph 6:4B And Ye Fathers….bring them up in the nurture and admonition of the Lord (Eph 6:4). But we have many absentee fathers in the family. In addition, parents must set godly examples for their children to learn and follow (Deut 6:4-6).
The community has roles to play in youth development. One of the things that make the African society unique is the community spirit which is being eroded by rapacious capitalism, invading western culture and market fundamentalism. There is the need to return to the positive aspects of African society especially those that do not conflict with the scriptures.
The schools have great roles to play in moulding the character of the youth. I personally owe my world outlook today to my university days when I was trained by the progressive movement on commitment, discipline, selflessness, sacrifice and struggle for the common good. There is a great need of reform of the school system.
Government has a great role to play in youth development. It is not enough to formulate a youth policy and do virtually nothing about its systematic implementation at all levels of government.
The religious organisations have great roles to play. Historically Christianity has contributed to moulding youth of character and discipline for leadership. There are several examples in the scripture where young people made monumental contribution to the development of society.
However, there is no doubt that the elders have failed to put in place effective development programmes for the youth. It remains to be seen whether the youth will fail themselves and refuse to develop themselves and become agents of change. It was Frantz Fanon who said “every generation must out of relative obscurity must discover its mission, fulfill it or betray it.”
Finally, i will urge the Youths also to start listening to themselves, Stop listening to Politicians who are only bent on using the better parts of Youths for their own selfish and canal gain.
The involvement we are all clamouring for will only come when we putin our very best by wearing the very first and best shoes of ours on the battlefield.
When chasing politicians, you are only facing battles played by mediocres, but whenyou start listening to yourselves and work out what it takes to be a Youth, then you start facing War which will eventually turn you out to be a HERO.
Ifemosu Michael Adewale Is the founder of Youth In Good Governance Initiative ( YIGGI )
Follow him on twitter: @elderdacomplex
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You can also follow Youth In Good Governance Initiative (YIGGI ) via
Facebook page: Youth In Good Governance Initiative YIGGI.
Facebook group : Youth In Good Governance Initiative YIGGI.
Twitter : @YIGGI2016.
N4.65 Trillion in the Vault, but is the Real Economy Locked Out?
BY BLAISE UDUNZE
Following the successful conclusion of the banking sector recapitalisation programme initiated in March 2024 by the Central Bank of Nigeria, the industry has raised N4.65 trillion. No doubt, this marks a significant milestone for the nation’s financial system as the exercise attracted both domestic and foreign investors, strengthened capital buffers, and reinforced regulatory confidence in the banking sector. By all prudential measures, once again, it will be said without doubt that it is a success story.
Looking at this feat closely and when weighed more critically, a more consequential question emerges, one that will ultimately determine whether this achievement becomes a genuine turning point or merely another financial milestone. Will a stronger banking sector finally translate into a more productive Nigerian economy, or will it be locked out?
This question sits at the heart of Nigeria’s long-standing economic contradiction, seeing a relatively sophisticated financial system coexisting with weak industrial output, low productivity, and persistent dependence on imports truly reflects an ironic situation. The fact remains that recapitalisation, by design, is meant to strengthen banks, enhancing their ability to absorb shocks, manage risks and support economic growth. According to the apex bank, the programme has improved capital adequacy ratios, enhanced asset quality, and reinforced financial stability. Under the leadership of Olayemi Cardoso, there has also been a shift toward stricter risk-based supervision and a phased exit from regulatory forbearance.
These are necessary reforms. A stable banking system is a prerequisite for economic development. However, the truth be told, stability alone is not sufficient because the real test of recapitalisation lies not in stronger balance sheets, but in how effectively banks channel capital into productive economic activity, sectors that create jobs, expand output and drive exports. Without this transition, recapitalisation risks becoming an exercise in financial strengthening without economic transformation.
Encouragingly, early signals from industry experts suggest that the next phase of banking reform may begin to address this long-standing gap. Analysts and practitioners are increasingly pointing to small and medium-sized enterprises (SMEs) as a key destination for recapitalisation inflows, which is a fact beyond doubt. Given that SMEs account for over 70 percent of registered businesses in Nigeria, the logic is compelling. With great expectation, as has been practicalised and established in other economies, a shift in credit allocation toward this segment could unlock job creation, stimulate domestic production, and deepen economic resilience. Yet, this expectation must be balanced with reality. Historically, and of huge concern, SMEs have received only a marginal share of total bank credit, often due to perceived risk, lack of collateral, and weak credit infrastructure.
Indeed, Nigeria’s broader financial intermediation challenge remains stark. Even as the giant of Africa, private sector credit stands at roughly 17 percent of GDP, and this is far below the sub-Saharan African average, while SMEs receive barely 1 percent of total bank lending despite contributing about half of GDP and the vast majority of employment. These figures underscore the structural disconnect between the banking system and the real economy. Recapitalisation, therefore, must be judged not only by the strength of banks but by whether it meaningfully improves this imbalance.
Nigeria’s economic challenge is not merely one of capital scarcity; it is fundamentally a problem of low productivity. Manufacturing continues to operate far below capacity, agriculture remains largely subsistence-driven, and industrial output contributes only modestly to GDP. Despite decades of banking sector expansion, credit to the real sector has remained limited relative to the size of the economy. Instead, banks have often gravitated toward safer and more profitable avenues such as government securities, treasury instruments, and short-term trading opportunities.
This is not irrational. It reflects a rational response to risk, policy signals, and market realities. However, it has created a structural imbalance in which capital circulates within the financial system without sufficiently reaching the productive economy. The result is a pattern where financial sector growth outpaces real sector development, a phenomenon widely described as financialisation without productivity gains.
At the center of this challenge is the issue of credit allocation. A recapitalised banking sector, strengthened by new capital and improved buffers, should theoretically expand lending. But this is, contrarily, because the more important question is where that lending will go. Will Nigerian banks extend long-term credit to manufacturers, finance agro-processing and value chains, and support scalable SMEs or will they continue to concentrate on low-risk government debt, prioritise foreign exchange-related gains, and maintain conservative lending practices in the face of macroeconomic uncertainty? Some of these structural questions call for immediate answers from policymakers.
Some industry voices are optimistic that the expanded capital base will translate into a broader loan book, increased investment in higher-risk sectors, and improved product offerings for depositors; this is not in doubt. There are also expectations that banks will scale operations across the continent, leveraging stronger balance sheets to expand their regional footprint. Yes, they are expected, but one thing that must be made known is that optimism alone does not guarantee transformation. The fact is that without deliberate incentives and structural reforms, capital may continue to flow toward low-risk assets rather than high-impact sectors.
Beyond lending, experts are also calling for a shift in how banking success is measured. The next phase of reform, according to the experts in their arguments, must move from capital thresholds to customer outcomes. This includes stronger consumer protection frameworks, real-time complaint management systems and more transparent regulatory oversight. A more technologically driven supervisory model, one that allows regulators to monitor customer experiences and detect systemic risks early, could play a critical role in strengthening trust and accountability within the system.
This dimension is often overlooked but deeply significant. A banking system that is well-capitalised but unresponsive to customer needs risks undermining public confidence. True financial development is not only about capital strength but also about accessibility, fairness, and service quality. Nigerians must feel the impact of recapitalisation not just in improved financial ratios, but in better banking experiences, more inclusive services, and greater economic opportunity.
The recapitalisation exercise has also attracted notable foreign participation, signaling confidence in Nigeria’s banking sector. However, confidence in banks does not necessarily translate into confidence in the broader economy. The truth is that foreign investors are typically drawn to strong regulatory frameworks, attractive returns, and market liquidity, though the facts are that these factors make Nigerian banks appealing financial assets; it must be made explicitly clear that they do not automatically reflect confidence in the country’s industrial base or productivity potential.
This distinction is critical. An economy can attract capital into its financial sector while still struggling to attract investment into productive sectors. When this happens, growth becomes financially driven rather than fundamentally anchored. The risk therefore, is that recapitalisation could deepen Nigeria’s financial markets but what benefits or gains when banks become stronger or liquid without addressing the structural weaknesses of the real economy.
It is clear and explicit that the current policy direction of the CBN reflects a strong emphasis on stability, with tightened supervision, improved transparency, and stricter prudential standards. These measures are necessary, particularly in a volatile global environment. However, there is an emerging concern that stability may be taking precedence over growth stimulation, which should also be a focal point for every economy, of which Nigeria should not be left out of the equation. Central banks in emerging markets often face a delicate balancing act and this is putting too much focus on stability, which can constrain credit expansion, while too much emphasis on growth can undermine financial discipline, as this calls for a balance.
In Nigeria’s case, the question is whether sufficient mechanisms exist to align banking sector incentives with national productivity goals. Are there enough incentives to encourage long-term lending, sector-specific financing, and innovation in credit delivery? Or does the current framework inadvertently reward risk aversion and short-term profitability?
Over the past two decades, it has been a herculean experience as Nigeria’s economic trajectory suggests a growing disconnect between the financial sector and the real economy. Banks have become larger, more sophisticated and more profitable, yet the irony is that the broader economy continues to struggle with high unemployment, low industrial output, and limited export diversification. This divergence reflects the structural risk of financialization, a condition in which financial activities expand without a corresponding increase in real economic productivity.
If not carefully managed, recapitalisation could reinforce this trend. With more capital at their disposal, banks may simply scale existing business models, expanding financial activities that generate returns without contributing meaningfully to production. The point is that this is not solely a failure of the banking sector; it is a systemic issue shaped by policy design, regulatory priorities, and market incentives, which needs the urgent attention of policymakers.
Meanwhile, for recapitalisation to achieve its intended purpose and truly work, it must be accompanied by a deliberate shift or intentional policy change from capital accumulation to productivity enhancement and the economy to produce more goods and services efficiently. This begins with creating stronger incentives for real sector lending with differentiated capital requirements based on sector exposure, credit guarantees for high-impact industries, and interest rate support for priority sectors can encourage banks to channel funds into productive areas and this must be driven and implemented by the apex bank to harness the gains of recapitalisation.
This transformative process is not only saddled with the CBN, but the Development finance institutions also have a critical role to play in de-risking long-term investments, making it easier for commercial banks to participate in financing projects that drive economic growth. At the same time, one of the missing pieces that must be taken into cognizance is that regulatory frameworks should discourage excessive concentration in risk-free assets. No doubt, banks thrive in profitability, as government securities remain important; overreliance on them can crowd out private sector credit and limit economic expansion.
Innovation in financial products is equally essential. Traditional lending models often fail to meet the needs of SMEs and emerging industries as this has continued to hinder growth. Banks must explore new approaches, including digital lending platforms, supply chain financing, and blended finance solutions that can unlock new growth opportunities, while they extend their tentacles by saturating the retail space just like fintech.
Accountability must also be embedded in the system. One fact is that if recapitalisation is justified as a tool for economic growth, then its outcomes and gains must be measurable and not obscure. Increased credit to productive sectors, higher industrial output and job creation should serve as key indicators of success. Without such metrics, the exercise risks being judged solely by financial indicators rather than its real economic impact.
The completion of the recapitalisation programme represents more than a regulatory achievement; it is a defining moment for Nigeria’s economic future. The country now has a banking sector that is better capitalised, more resilient, and more attractive to investors. These are important gains, but they are not ends in themselves.
The ultimate objective is to build an economy that is productive, diversified, and inclusive. Achieving this requires more than strong banks; it requires banks that actively power economic transformation.
The N4.65 trillion recapitalisation is a significant step forward. It strengthens the foundation of Nigeria’s financial system and enhances its capacity to support growth. However, capacity alone is not enough and truly not enough if the gains of recapitalisation are to be harnessed to the latter. What matters now is how that capacity is deployed.
Some of the critical questions for urgent attention are as follows: Will banks rise to the challenge of financing Nigeria’s productive sectors, particularly SMEs that form the backbone of the economy? Will policymakers create the right incentives to ensure credit flows where it is most needed? Will the financial system evolve from a focus on profitability to a broader commitment to the economic purpose of fostering a more productive Nigerian economy and the $1 trillion target?
The above questions are relevant because they will determine whether recapitalisation becomes a catalyst for change or a missed opportunity if not taken into cognizance. A well-capitalised banking sector is not the destination; it is the starting point. The real journey lies in building an economy where capital works, productivity rises, and growth becomes both sustainable and inclusive.
Blaise, a journalist and PR professional, writes from Lagos and can be reached via: [email protected]
Precision and Heritage: How Fifi Stitches Is Rewriting African Fashion Narratives
A Nigerian-born designer is gradually carving out a cross-continental footprint in contemporary fashion, blending African textile heritage with British technical discipline.
Esther Fiyinfoluwa Adeosun, Founder and Creative Director of Fifi Stitches, is gaining recognition for structured womenswear and bridal couture that reinterprets traditional fabrics through architectural tailoring and precision construction.
Born in Ibadan, Oyo State, Adeosun’s fashion journey began at home, seated beside her mother’s sewing machine. What started as childhood curiosity, sometimes jamming the machine just to understand its mechanics—evolved into a disciplined design practice now operating between Nigeria and the United Kingdom.
During an interview with journalists the fifi Stitches once mentioned “I was fascinated by how flat fabric could transform into something structured and meaningful”.
In her Story , early designs made for her family, though imperfectly finished, were worn with pride—an encouragement that laid the foundation for her professional confidence.
Today, Fifi Stitches is recognised for sculpted bodices, controlled tailoring, corsetry construction, and the contemporary reinterpretation of Ankara, Aso Oke, and Adire textiles.
The brand challenges the long-held perception that African fabrics belong solely in ceremonial contexts, instead positioning them within global luxury and modern design spaces.
Adeosun’s training reflects this dual perspective. She studied Fashion Design and Entrepreneurship at the Institute for Entrepreneurship and Development Studies, Obafemi Awolowo University, and earned a Diploma in Fashion Design through Alison Online.
In the UK, she undertook industry-focused technical training with Fashion-Enter Ltd and gained fashion business exposure through Fashion Capital UK.
Her technical expertise spans pattern drafting, draping, garment technology, structured tailoring, corsetry, and bespoke fittings—skills she describes as central to credibility in fashion. “Precision builds trust,” she says. “A designer must understand construction as deeply as creativity.”
Fifi Stitches has showcased collections at the Suffolk Fashion Show, Liverpool Fashion Show – FB Fashion Ball, Red Carpet Fashion Event in London, and through editorial features in London Runway Magazine.
The brand has also received coverage in The Guardian Nigeria and Vanguard Allure, expanding its visibility across markets.
Beyond couture, Adeosun integrates community impact into her practice.
She has facilitated garment construction workshops, draping sessions, and introductory training programmes for women and emerging creatives, promoting fashion as both artistic expression and vocational empowerment.
Fifi Stcithes Boss operates between Nigeria and the UK, in order to continue to shape her brand identity.
According to her “Nigeria provides cultural richness and expressive textile traditions, while the UK offers structured production systems, sustainability conversations, and institutional frameworks”.
Looking ahead, Adeosun said she plan to establish a fully structured fashion house spanning Africa and the UK, develop scalable production partnerships, launch capsule collections, and expand independent editorial visibility.
Her broader ambition is clear: to position African textile craftsmanship within global contemporary design conversations—through structure, discipline, and technical excellence.
GTCO Launches “Take on Squad” Hackathon 3.0, Opens Call for Applications
Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has announced the launch of “Take on Squad” Hackathon 3.0, reaffirming its commitment to fostering innovation, empowering talent, and supporting the development of technology-driven solutions that address real-world challenges across Africa.
Now in its third edition, the Hackathon brings together developers, designers and entrepreneurs across Nigeria in a collaborative environment to build practical solutions across key sectors including financial services, healthcare, commerce and digital inclusion. Under the theme “Smart Systems: The Intelligent Economy,” participants are challenged to design and build intelligent, data-driven solutions that transform how communities engage with money.
Applications are now open, and interested teams can find full guidelines and registration details on the official portal at https://squadco.com/hackathon.
Speaking on the initiative, Eduophon Japhet, Managing Director of HabariPay, stated: “Today’s dynamic, digitally driven world demands continuous innovation, which is shaping how economies grow, how businesses scale, and how societies evolve. Through “Take on Squad” Hackathon, we are deliberately investing in the ideas and talent that will define the future. Our objective is not simply to encourage innovation, but to enable its translation into scalable solutions that deliver real and measurable impact. This reflects GTCO’s role as a financial services platform that connects capital, capability, and creativity to drive sustainable progress.”
The social coding event remains a cornerstone of HabariPay’s mission to foster creativity and problem-solving among emerging tech talents. Competing teams will leverage Squad’s advanced APIs to create scalable digital tools that address everyday challenges faced by businesses and individuals.
Through initiatives such as this, GTCO continues to position itself at the intersection of finance, technology and enterprise, actively shaping the future of digital transformation in Africa.
About HabariPay
HabariPay Ltd is the fintech subsidiary of Guaranty Trust Holding Company Plc (GTCO), one of the largest financial services institutions in Africa with direct and indirect investments in a network of operating entities located in 10 countries across Africa and the United Kingdom.
Licensed by the Central Bank of Nigeria (CBN), our goal is to support SMEs, micro merchants, large corporations and other fintechs (Tech Stars) with the tools they need to thrive in an evolving digital economy and expand beyond their current market reach. HabariPay’s solutions include Squad, a full-scale digital payments toolkit to make in-person and online payments simpler, HabariPay Storefront, an e-commerce website to facilitate online purchases, Value-Added Services to help merchants access cost-effective and flexible airtime and data bundles to run their businesses, as well as a switching infrastructure that enables tech-focused businesses to optimise cost and make transactions more efficient.
HabariPay’s contributions to Accelerating Digital Acceptance in Africa have not gone unnoticed–it received Mastercard’s Innovative Mobile Payment Solution Award at TIA 2022 for its innovative payment solution, SquadPOS.
About Squad
Squad is a complete digital payments solution that is reliable, secure, and affordable, making receiving in-person and online payments simpler and convenient.
Thousands of merchants currently leverage Squad’s payment solutions for their daily business operations. Squad’s current products and service offerings include SquadPOS, Squad Payment Links, Squad Virtual Accounts, USSD, and E-Commerce Storefront.
Find out more at www.squadco.com.
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