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Standard Bank 2016 Investor Conference: Stakeholders pinpoint path to Nigeria’s economic potential and growth

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…AtedoPeterside, others canvass support for growth amid Nigeria’s current economic position 

 

The focus of the 2016 Standard Bank West Africa Investors’ Conference which held at the Expo Centre, Eko Hotel and suites in Lagos from 23 – 25 February, 2016 was on the opportunities presented by Nigeria’s current economic position. The opportunity to diversify the economy, invest in critical sectors and stimulate growth of the SME space to put the country on the path to sustainable development.This was the position canvassed by stakeholders at the Standard Bank West Africa Investors’ Conference, now in its 7th editionwhichhad the theme, ‘Unlocking Nigeria’s potentialgrowth through diversification.’

 

Nigeria’s economy has been at crossroads in the wake of the slide in commodity prices, a situation that has triggered a growing debate on how best to uplift the economy. The debate has centered on achieving a more balanced, broad-based and diversified growth path that is not subject to fluctuations in the global oil market.

 

Chairman of Stanbic IBTC Holdings PLC, Mr. Atedo Peterside, in his welcome address, stated that the theme was partly derived from the government’s agenda for broadening revenue sources against the backdrop of lower commodity prices. Diversification of the economy has become imperative considering the growing needs of the populace for new jobs and other welfare packages that will help reducepoverty levels, he said, adding that concerted action is required to drive sustainable economic growth.

 

On Nigeria’s much debated foreign exchange regime, Peterside said the “the point to realizeis that “economic diversification can only take place meaningfully if new capital investment activity takes place to take maximum advantage of increased domestic competitiveness.”

 

In his presentation, Dr. Yemi Kale, Statistician General of the Federation and Chief Executive Officer, National Bureau of Statistics, frowned at the practice of describing the structure of the Nigerian economy in terms of government revenue source.“True, government revenue is dependent on the oil and gas sector but the economic structure of Nigeria is not solely dependent on oil and gas, albeit an important part. If you look at the recent revised national accounts, it is evident that oil value added has been negative for years now, and in fact it is the non-oil sector that had sustained the economy. This is not to say the oil sector doesn’t have indirect impact on the non-oil economy.”

 

On diversification, Kale stated that Nigeria’s economy “is relatively diversified. However, almost half of the economy is informal and out of the (fiscal) control of government. Policies aimed at drawing in this huge informal sector into the system must necessarily be deployed at this time if we are to diversify our sources of revenue and achieve a more sustainable structural transformation of our economy.”

 

Chief Executive, Stanbic IBTC Holdings PLC, Mrs. Sola David-Borha, in her closing remarks, reiterated the need for the public and private sectorsto work together to tackle the economic headwinds, especially with worrying predictions of imminent job losses and higher unemployment numbers. The need for such partnership underpins the organization of the annual investors’ conference to avail both local and international investors a platform to glean decisive information with which they can make informed investment decisions.

 

The event attracted a long list of top government and private sector functionaries, regulators and policy makers. Among those that graced the event were Dr. Abraham Nwankwo, Director General, Debt Management Office; Executive Chairman, Phillips Consulting Group, Mr. Foluso Phillips; Faculty member, Lagos Business School, Dr. Doyin Salami; and Managing Director and Chief Executive Officer, NASD Plc, Mr. Bola Ajomale, among others.

 

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, is a full service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management. Standard Bank Group is the largest African bank by assets and earnings. It is rooted in Africa with strategic representation in 20 countries on the African continent, including South Africa. Standard Bank has been in operation for 153 years and is focused on building first-class, on-the-ground financial services organisations in chosen countries in Africa and connecting other selected emerging markets to Africa and to each other, applying sector expertise, particularly in natural resources, globally.

 

 

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Valentine Season: Adron Homes Encourages Nigerians to Build Lasting Love Through Real Estate

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Valentine Season: Adron Homes Encourages Nigerians to Build Lasting Love Through Real Estate

 

 

Adron Homes and Properties has continued its ongoing “Love for Love Promo” as part of its Valentine season initiatives, encouraging couples, families, and investors to move beyond traditional gifts by embracing shared property ownership as a lasting expression of commitment and financial stability.

 

The company stated that the promo, which has been running throughout the Valentine period, was designed to inspire Nigerians to build long-term value and legacy through real estate investments. It noted that the initiative offers attractive discounts, flexible payment options, and a variety of exclusive gift items across its estates and housing projects nationwide.

 

Under the promo structure, clients who pay ₦100,000 receive cake, chocolates, and a bottle of wine, while those who pay ₦200,000 receive a Love Hamper. Subscribers who commit ₦500,000 receive a Love Hamper with cake, and those who pay ₦1,000,000 enjoy a choice of a Samsung phone or a Love Hamper with cake.

 

The incentives increase with higher commitments. Clients who pay ₦5,000,000 receive either an iPad or a romantic couple’s getaway at a top Nigerian hotel, while payments of ₦10,000,000 come with options including a Samsung Z Fold 7, a three-night stay at a premium resort, or a full solar power installation.

 

High-value investors are also rewarded, as clients who pay ₦30,000,000 on land receive a three-night couple’s trip to Doha or South Africa. At the same time, purchasers of houses valued at ₦50,000,000 are presented with a double-door refrigerator, further reflecting the company’s focus on combining lifestyle experiences with strategic investments.

 

The company added that the promo covers estates located in Lagos, Shimawa, Sagamu, Atan–Ota, Papalanto, Abeokuta, Ibadan, Osun, Ekiti, Abuja, Nasarawa, and Niger states. It reiterated its commitment to secure land titles, affordable pricing, and prime locations, urging Nigerians at home and in the diaspora to take advantage of the ongoing Valentine campaign to build a future rooted in love, security, and prosperity.

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14 Reasons Nigerians Should Own Property with the Trusted Real Estate Brand

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14 Reasons Nigerians Should Own Property with the Trusted Real Estate Brand

 

As part of activities marking its 14 years of transforming Nigeria’s real estate landscape, Adron Homes and Properties has unveiled 14 compelling reasons why individuals and families should consider owning property with the company reinforcing its commitment to accessible, stylish, and sustainable homeownership.

 

In a statement released by the company, Adron Homes described property ownership not just as an investment but as a strategic lifestyle decision rooted in long-term security, wealth creation, and community development. The company noted that over the past 14 years, it has remained consistent in providing affordable housing solutions while delivering well-planned estates that cater to diverse income levels.

 

According to the statement, Adron Homes’ success is anchored in its strong value proposition, which ranges from affordable pricing and flexible payment structures to prime estate locations nationwide. The company emphasized that its gated communities are designed with security, modern architectural standards, and structured infrastructure that ensure comfort and functionality for residents.

 

Adron Homes further highlighted its transparent documentation process and verified property titles, which have continued to boost investor confidence and encourage long-term property ownership among Nigerians at home and in the diaspora. The company added that its developments are intentionally designed to promote thriving communities, environmental sustainability, and long-term urban planning.

 

With a proven track record of helping thousands of customers achieve their property dreams, Adron Homes reaffirmed its commitment to delivering high-value investments that appreciate over time while maintaining strong customer service support from initial inquiry to allocation and beyond.

 

The organisation also noted its culture of appreciation for clients, partners, and staff through consistent reward programmes and promotional incentives. This strategy has strengthened loyalty and deepened engagement across its growing customer base.

 

Reflecting on its 14-year journey, Adron Homes reiterated that its mission goes beyond selling land and houses; it focuses on building vibrant communities where families thrive, investments grow, and futures are secured. The company encouraged Nigerians to take advantage of its flexible ownership opportunities, stressing that the best time to invest in property is now.

 

As it continues to expand its footprint across Nigeria, Adron Homes remains committed to innovation, excellence, and redefining the real estate experience through sustainable developments that stand the test of time.

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Ogun Unveils Plan for ₦1bn AI-Driven Digital Classroom at Remo Secondary School

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Ogun Unveils Plan for ₦1bn AI-Driven Digital Classroom at Remo Secondary School

 

The Ogun State Government has announced plans to deliver a 900-capacity, Artificial Intelligence-enabled digital learning complex at Remo Secondary School, Sagamu, in a move aimed at strengthening technology-based education across the state.

Governor Dapo Abiodun disclosed activities marking the institution’s 80th anniversary, noting that the proposed facility represents a deliberate investment in modern learning infrastructure designed to prepare students for a rapidly evolving, knowledge-driven global economy.

He explained that the digital classroom project complements ongoing smart-education initiatives within the school, which already features a functional resource centre and a state-of-the-art robotics laboratory established to nurture innovation, problem-solving skills, and digital competence among learners.

Reaffirming his commitment to the school’s growth, the governor announced a financial pledge of ₦100m, stating that ₦50m representing half of the amount would be released immediately to kick-start development efforts. He also assured stakeholders that at least one of the outlined projects would be fully executed before the end of his administration.

Abiodun further disclosed that the state government had upgraded the school’s science laboratories, equipping them with modern facilities and teaching tools to ensure safer and more effective practical learning experiences for students.

He added that renovation works had also been completed on both the male and female hostels to improve accommodation standards, enhance security, and promote the overall well-being of boarding students.

Describing Remo Secondary School as a symbol of enduring heritage, the governor said the anniversary celebration went beyond mere commemoration of years of existence, emphasising the institution’s long-standing role in shaping generations of leaders and professionals.

He praised members of the old students’ association for their unwavering support and contributions to the school’s development, stressing that their collective efforts demonstrate a shared commitment to sustaining its legacy of excellence.

According to him, the projects and improvements carried out at the school reflect a strong belief in education as a foundation for future growth, as well as the power of collaboration between government, alumni, and the wider community.

Abiodun also revealed that the institution had been recognised as one of Ogun State’s model schools, urging students to remain focused on their academic pursuits, uphold strong moral values, and continue the tradition of excellence for which the school is known.

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