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Leadway Assurance, Nestle Nigeria Plc, Microsoft, Thrive Agric, Stears Join Sterling to Unlock $ 1 Trillion at ASA 2022
Leadway Assurance, Nestle Nigeria Plc, Microsoft, Thrive Agric, Stears Join Sterling to Unlock $ 1 Trillion at ASA 2022
Sterling Bank Plc has announced plans with her partners Leadway Assurance, Nestle Nigeria Plc, Microsoft Nigeria, Thrive Agric, GIZ, Stears Data and others for this year’s Agricultural Summit Africa (ASA); the largest private sector-led conference on the agriculture sector in sub-Saharan Africa.
Taking place on the 26th and 27th of October 2022, with registration ongoing at www.agricsummit.org, this edition of the ASA will focus on how the agribusiness sector can further unlock value and accelerate growth and transform Nigeria into a trillion-dollar economy.
Dr. Olushola Obikanye, Group Head of Agric and Solid Minerals Finance at Sterling, made this announcement in a statement released by the bank yesterday.
He said ASA 2022, with the theme “Engineering a Trillion Dollar Agricultural Economy,” will amongst other objectives, highlight recent successes of Nigeria’s agricultural diversification efforts by showcasing actual accomplishments and innovations while driving discourse to achieve actionable steps that will clear a path to achieve the true potential of the agribusiness sector of the economy.
In the statement, the Group Head said “With our roster of esteemed partners, the value of a gathering like the ASA to the Nigerian agribusiness sector and the economy becomes evident as the focus becomes stronger to make the most of the comparative advantages Nigeria has to help the country reach its potential”.
Dr Obikanye said the summit, will among other focus areas; deepen the conversation on Africa’s small-scale primary producers who make up more than 60% of Africa’s farming population and produces over 90% of our domestic output.
He reiterated the fact that Nigeria and Africa at large need to step up their import substitution drives by producing and sourcing locally at least 70 – 80% of the raw materials to revive our industries and create jobs for our teeming populations.
According to him, this would boost mechanization, the acquisition of inputs, and operator expansion among those involved in the value chain and result in higher output.
The Group Head explained that the summit will seek to explore the practicability of sustainable storage and power solutions at scale to drive aggregation and processing for value multiplication as the bedrock for services built around the sector’s output.
According to him, it is more important than ever to capitalize on the opportunities built into the African Continental Free Trade Area (AfCFTA) to create a regional market for Nigerian goods.
He added that the summit will also present innovation across pillars of technology and production techniques to spark interest and subsequently drive investments in sectors with the potential to accelerate the sector’s growth.
Besides this, the summit will also drive the use of the Pan-African Payment and Settlement System (PAPSS), which is the key value-delivery mechanism of trade within the region.
He remarked that the Nigerian economy has immense and unrealized potential in her primary production sectors to attain a Gross Domestic Product (GDP) estimated to be in the region of $440 billion, noting that recent global events have drawn attention to the volatility of the primary source of foreign exchange for the Nigerian state, along with the country’s ability to retain the value of her currency, maintain stability and a year-round supply of commodities, provide employment to afford goods and services, and create value to drive economic growth.
Dr Obikanye pointed out that the economies of some of the most developed countries in the world shared many similarities in their path to prosperity.
He continued by saying that regardless of whether an economy is based on extraction, processing, trade, services, tourism, or technology, each one typically takes advantage of its distinct gifts in some combination of the following factors that spur economic growth: land, labour, capital, and entrepreneurship.
The Group Head remarked that beyond these factors, is a pivotal element of deliberateness, where the emphasis is on implementing a turnaround with the existing assets.
He noted that the more established economies of the world will always be a reference point for other nations due to the robustness of their primary, secondary and tertiary sectors and their eventual diversification into knowledge-driven economies.
He noted that these super-economies have an underlying foundation that is typically a robust extractive and production sector that serves as the cornerstone for almost all other layers of value creation in such markets.
FirstBank Introduces Exclusive 500-Seater Bleacher at Carnival Calabar & Festival 2025
Lagos, 26 December 2025 – FirstBank, West Africa’s premier financial institution and financial inclusion services provider, has officially announced its sponsorship of the Carnival Calabar & Festival 2025, unveiling a landmark addition set to redefine the carnival experience — the first-ever private premium seating area at the event.
The highlight of FirstBank’s participation is the construction of a 500-seater premium bleacher, designed to provide comfort, safety, and an elevated viewing experience for carnival enthusiasts.
Speaking on the sponsorship, the Acting Group Head Marketing and Corporate Communications, FirstBank, Olayinka Ijabiyi, noted that the carnival aligns with the Bank’s First@Arts initiative, a platform dedicated to supporting the creative arts value chain across Nigeria. He said, “We recognise the transformative power of the arts, including carnivals, in inspiring people and strengthening national unity. For more than 131 years, we have supported platforms that promote self-expression, social reflection and cultural exchange. Our investment in the Carnival Calabar & Festival demonstrates our commitment to preserving the nation’s rich cultural heritage through First@Arts.”
“As part of our sponsorship this year, we are introducing the first-ever private 500-seater premium bleacher to further elevate the carnival experience. This exclusive seating is designed to provide exceptional comfort and an unforgettable viewing experience for attendees,” Ijabiyi added.
The Chairman of the Cross River State Carnival Calabar Commission, Gabe Onah, also commented on FirstBank’s sponsorship. “FirstBank’s involvement is a strong demonstration of private-sector support for culture and tourism. This partnership not only enhances the overall quality of the carnival but also strengthens its global appeal,” he said.
The Carnival Calabar & Festival 2025 is officially marketed by Okhma Global Limited, the appointed Official Marketer responsible for brand partnerships, promotional engagements, and ticket sales. Okhma Global Limited has partnered with the Cross River State government in delivering Carnival Calabar & Festival for over ten years, playing a key role in strengthening the carnival’s commercial growth and global visibility.
Alpha Morgan Bank Backs Cultural Preservation at the 2025 Iganmode Festival
Alpha Morgan Bank has reaffirmed its commitment to cultural preservation and community development as one of the major sponsors of the recently concluded Iganmode Cultural Festival (Odun Omo Iganmode) held in Sango-Ota, Ogun State.
The annual festival, a landmark cultural celebration in the ancient town of Ota, showcased the rich heritage, history, and identity of the Awori people. The event came alive with vibrant displays of traditional music, dance, colourful regalia, and performances that reflected the deep-rooted customs and values of the community.
Alpha Morgan Bank’s sponsorship followed closely on the heels of the recent launch of its Sango-Ota branch, further underscoring the Bank’s dedication to supporting local initiatives, promoting indigenous culture, and fostering sustainable community development in Ota and its environs.
The ceremony attracted an impressive array of dignitaries, including former President of Nigeria, His Excellency Chief Olusegun Obasanjo; Deputy Governor of Ogun State, Engr. (Mrs.) Noimot Salako-Oyedele; and the Olota of Ota, His Majesty, Prof. Adeyemi Obalanlege, alongside several other traditional rulers and members of royal households from across the state. Their presence highlighted the cultural and historical significance of the festival to Ogun State and the wider Yoruba nation.
Alpha Morgan Bank’s participation as a major sponsor reflects its broader corporate vision of strengthening community values and supporting initiatives that promote Nigeria’s rich cultural heritage. The Bank joined thousands of attendees in celebrating a festival that continues to serve as a symbol of unity, pride, and cultural continuity for the people of Ota.
The 2025 edition of the Iganmode Festival was widely acclaimed as a success, leaving guests and participants with lasting impressions of a colourful, well-coordinated celebration that honoured tradition while fostering communal harmony.
*12 Days of Christmas with 5 for 5 Rewards: Celebrating the Season the Wema Way*
December is a season built on gratitude, reflection, and giving. It is a time when small gestures carry deeper meaning and everyday moments turn into shared joy. At Wema Bank, this spirit of the season has inspired the launch of 12 Days of Christmas with 5 for 5 Rewards, a festive campaign created to celebrate customers who continue to make the Bank part of their daily lives.
Running from December 14 to December 25, 2025, the campaign is designed to reward simple, everyday banking while spreading cheer across homes and communities. For twelve days, 33 customers will be rewarded daily with five thousand naira each when they fund their accounts with five thousand naira.
The idea behind the campaign is simple in action but thoughtful in intent. It recognises that during the festive period, every extra support counts. Whether it is preparing for family gatherings, running errands, or planning end-of-year activities, Wema Bank is turning routine transactions into moments of delight.
To take part in the 12 Days of Christmas with 5 for 5 Rewards, customers only need to fund their accounts with five thousand naira through any of the following channels:
ALAT app
*945#
Debit cards
Once the account is funded with five thousand naira, they get an additional five thousand naira as a reward.
Beyond the rewards, the 12 Days of Christmas with 5 for 5 Rewards reflects Wema Bank’s broader commitment to customer-centric banking. It reinforces the Bank’s focus on creating experiences that go beyond transactions, especially during moments that matter most to customers.
As the year draws to a close, Wema Bank is inviting customers to enjoy the festive season knowing that their loyalty is valued and celebrated. With every transaction, the Bank continues to find new ways to connect, appreciate, and give back during a season defined by generosity.
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