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Unlocking Nigeria’s Potential: The Commercial and Industrial Pathway

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Unlocking Nigeria's Potential: The Commercial and Industrial Pathway

Unlocking Nigeria’s Potential: The Commercial and Industrial Pathway

Nigeria, often hailed as the “Giant of Africa” holds a reservoir of untapped potential and a plethora of opportunities captivating the interest of investors and visionaries worldwide.
Amidst discussions about technology, mineral wealth and export potential, the power sector, an underestimated cornerstone of advancement, often remains in the shadows.
As someone who has navigated the realm of financing large-scale infrastructure projects, I find myself drawn to view Nigeria’s prospects through a financial lens. The inevitable question surfaces: What truly entices energy investments in our land of promise?
Unlocking Nigeria's Potential: The Commercial and Industrial Pathway
Beyond Population and Mineral Wealth: The Power Sector’s Pivotal Role.
While the appeal of technology, Nigeria’s demographic dividend, and its mineral wealth are evident, the significance of the power sector often fades into the background.  Yet, this sector forms the foundation of progress and deserves greater attention.
 Historically, advanced nations didn’t solely rely on technological advancements, skilled labour, or mineral resources for their development. Prioritising the consistent and reliable supply of power to industries was the true catalyst for their growth.
Navigating Complex Challenges: A Financial Perspective
Drawing from my experience of financing large infrastructure projects, embarking on grid-based power initiatives in Nigeria involves navigating a complex web of challenges, financial limitations, infrastructural gaps, bureaucratic intricacies, and technical hurdles that converge to create significant obstacles. For power investors seeking to secure support from financiers—banks or private equity firms— demonstrating a project’s “bankability” becomes crucial. This involves a detailed evaluation of factors consumer tariffs, collection currency, and the purchasing power of the end user.
Mitigating Risks: Sovereign Guarantees and Innovations
Prevailing wisdom dictates that bolstering Nigeria’s energy output through robust national grids will drive economic growth and pave the way for equitable development and industrialisation. However, the stark contrast between the nation’s energy demand – a staggering 600 terawatt-hours ( equivalent of power for 216,000,000 million homes) – and the reality of numerous signed Independent Power Projects (IPPs) that remain unrealised, highlights a critical issue. The conventional on-grid solutions, once hailed as the panacea for Nigeria’s energy challenges, appear to be faltering under the weight of a myriad of complex obstacles.
Investments into Nigeria are often in dollars, introducing the spectre of currency risk, purchasing power discrepancies, and political volatility. The fact remains most Nigerian retail consumers presently are unable to afford the cost of power and in turn Nigeria is often unable to meet debt obligations linked to on-grid power projects funded in foreign currency. Risk mitigation tools, including sovereign guarantees and Power Contract offtake Agreements (PCOAs) aim to alleviate these concerns.
However, a sovereign guarantee or a PCOA goes on the balance sheet of a nation, and at times can affect the credit rating of the country. Given the complications with bankability, a recent trend sees Nigeria and other developing nations cautiously managing their financial obligations to avoid unsustainable burdens.
A Paradigm Shift: Igniting the Commercial and Industrial Sector
Notably these challenges are not unforeseen. Industrialised nations didn’t achieve development by solely focusing on supplying retail power. Sustainable provision of power to industry drove industrialisation, generated employment, increased purchasing power, thereby bolstering affordability of power, paving the way for widespread electrification and development. The inability to ensure reliable power for industry, in particular, acts as a brake on economic growth.
The time is ripe for an innovative shift, one that ensures economic empowerment and fortifies the foundation for a resilient future – channelling efforts to fulfil the energy demands of the commercial and industrial (C&I) sector. This sector, characterised by its steady energy needs and robust purchasing power, emerges as a catalyst for transformative energy strategies. New power projects sprucing up in industrial clusters will fuel phenomenal growth. By delivering consistent power to these sectors, Nigeria can spur industrialisation, facilitate long-term job creation, and foster sustainable economic autonomy.
Short-term Impact, Long-term Vision
In a most recent trip to India, President Bola Ahmed Tinubu GCFR gained a commitment from a consortium of investors to put  $1.6 billion into power. Channelling that pledge towards C&I energy provisioning yields immediate benefits. An influx of economic vigour, encouragement for local industries, and an inviting atmosphere for both local and foreign investments set the stage for rapid growth. However, this strategic pivot carries implications beyond immediate wattage gains.
 A flourishing C&I sector paves the way for a resilient grid-based power system, stimulating infrastructure development. Meeting the ambitious demand for 708 terawatt-hours by 2030 isn’t just a goal; it’s a catalyst for job creation, economic vitality, and increased income.  As industries flourish and energy demands continue to grow, the impetus and capacity for further infrastructure development becomes undeniable. This strategic shift not only addresses the immediate need for energy to spur industrialisation but also sets the stage for robust economic growth.
A Bright Future Beckons: Pioneering Prosperity
The commercial and industrial pathway, marked by its innovation and strategic focus, offering  a promising route to unlock the nation’s true potential is where Nigeria’s energy resurgence resides.
Ploughing the route successfully necessitates collaboration. The private sector should leverage expertise and drive innovation. Government entities and appointees must be proactive following Mr President’s lead, streamline processes, provide clarity, efficiency and ease of procedure, thereby communicating that Nigeria is ready for business.
 Our collective will and innovative spirit fuel Nigeria’s potential. With the renewal of hope comes the awakening of the Giant of Africa – together, we forge a path of progress.
Olu Olufemi-White
Instagram: @oluwhite
Twitter: @oluwhite_

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Alpha Morgan to Host 19th Economic Review Webinar

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Alpha Morgan to Host 19th Economic Review Webinar

 

In an economy shaped by constant shifts, the edge often belongs to those with the right information.

 

 

On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.

 

 

The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.

 

 

With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.

 

 

Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19

It is a bi-monthly platform that is open to the public and is held virtually.

 

 

Visit www.alphamorganbank to know more.

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GTBank Launches Quick Airtime Loan at 2.95%

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GTCO increases GTBank’s Paid-Up Capital to ₦504 Billion

GTBank Launches Quick Airtime Loan at 2.95%

 

Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.

 

In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.

For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.

Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”

Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.

With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank

Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.

About HabariPay

HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:

GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com

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BUA Group, AD Ports Group and MAIR Group Launch Strategic Plan for World-Class Sugar and Agro-Logistics Hub at Khalifa Port

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Photo Caption: BUA GROUP, AD PORTS GROUP AND MAIR GROUP SIGN MOU TO EXPLORE COLLABORATION IN SUGAR REFINING, AGRO-INDUSTRIAL DEVELOPMENT, AND INTEGRATED GLOBAL LOGISTICS SOLUTIONS L-R: Kabiru Rabiu, Group Executive Director, BUA Group; Cpt. Mohammed J. Al Shamisi, MD/Group CEO, AD Ports Group; Saif Al Mazrouei, CEO (Ports Cluster) AD Ports Group; Abdul Samad Rabiu, Founder/Executive Chairman, BUA Group; and Steve Green, Group CFO, MAIR Group

BUA Group, AD Ports Group and MAIR Group Sign MoU to Explore Collaboration in Sugar Refining, Agro-Industrial Development, and Integrated Global Logistics Solutions

Abu Dhabi, UAE – Monday, 16th February 2026

 

BUA Group, AD Ports Group, and MAIR Group of Abu Dhabi today signed a strategic Memorandum of Understanding (MoU) to explore collaboration in sugar refining, agro-industrial development, and integrated global logistics solutions. The partnership aims to create a world-class platform that strengthens regional food security, supports industrial diversification, and reinforces Abu Dhabi’s position as a hub for trade and manufacturing.

 

The proposed collaboration will leverage BUA Group’s industrial and logistics expertise, Khalifa Port’s world-class infrastructure, and AD Ports Group’s operational experience. The initiative aligns with the objectives of the UAE Food Security Strategy 2051, which seeks to position the UAE as a global leader in sustainable food production and resilient supply chains. It also aligns with Nigeria’s food production- and export-oriented agricultural transformation agenda, focused on scaling domestic capacity, strengthening value addition, improving post-harvest logistics, and unlocking new markets for Nigerian produce across the Middle East, Asia, and beyond.

 

Photo Caption: BUA GROUP, AD PORTS GROUP AND MAIR GROUP SIGN MOU TO EXPLORE COLLABORATION IN SUGAR REFINING, AGRO-INDUSTRIAL DEVELOPMENT, AND INTEGRATED GLOBAL LOGISTICS SOLUTIONS

L-R:  Kabiru Rabiu, Group Executive Director, BUA Group;  Cpt. Mohammed J. Al Shamisi, MD/Group CEO, AD Ports Group; Saif Al Mazrouei, CEO (Ports Cluster) AD Ports Group; Abdul Samad Rabiu, Founder/Executive Chairman, BUA Group; and Steve Green, Group CFO, MAIR Group

Photo Caption: L-R: Kabiru Rabiu, Group Executive Director, BUA Group; Cpt. Mohammed J. Al Shamisi, MD/Group CEO, AD Ports Group; Saif Al Mazrouei, CEO (Ports Cluster) AD Ports Group; Abdul Samad Rabiu, Founder/Executive Chairman, BUA Group; and Steve Green, Group CFO, MAIR Group

 

Through structured aggregation, processing, storage, and maritime export channels, the partnership is designed to reduce supply chain inefficiencies, enhance traceability and quality standards, and also create a predictable trade corridor between West Africa and the Gulf.

 

BUA Group—recognised as one of Africa’s largest and most diversified conglomerates, with major investments across sugar refining, food production, flour milling, cement manufacturing, and infrastructure- brings extensive industrial expertise and large-scale operational capability to the venture. MAIR Group will provide strategic support in developing integrated logistics and agro-industrial solutions, creating a seamless platform for production, storage, and distribution.

 

Abdul Samad Rabiu, Founder and Chairman of BUA Group, said:

“This MoU marks an important milestone in BUA’s international expansion and reflects our long-term vision of building globally competitive industrial platforms. Together with AD Ports Group and MAIR Group, we aim to develop sustainable food production and logistics solutions that strengthen regional supply chains and support the UAE’s Food Security Strategy 2051.”

 

He further added that, “This partnership represents not just a commercial arrangement but a strategic food corridor anchored on shared economic ambition, resilient infrastructure, and disciplined execution, reinforcing long-term food security objectives for both nations.”

 

A representative of MAIR Group added:

“This collaboration underscores our commitment to advancing strategic industries in Abu Dhabi and building integrated solutions that reinforce the UAE’s position as a global hub for trade, food security, and industrial excellence.”

 

A spokesperson from AD Ports Group commented:

“Our partnership with BUA Group and MAIR Group highlights Khalifa Port’s role as a catalyst for high-impact industrial investments. This initiative will enhance regional food security, strengthen global trade connectivity, and support Abu Dhabi’s economic diversification goals.”

 

This MoU marks a historic collaboration that combines world-class infrastructure, industrial expertise, and strategic vision, setting the stage for a sustainable and resilient food and logistics ecosystem that will benefit the UAE, the region, and global markets alike.

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