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Nigeria must focus on youths to drive inclusive economic growth- Stanbic IBTC

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Stanbic IBTC Holdings Chief Executive, Dr. Demola Sogunle, stated in a recent interview that at Stanbic IBTC, we consider infrastructure development as a key driver of economic growth and development. This is one of the reasons behind the launch of the Stanbic IBTC N100 billion Infrastructure Fund. We aim to deploy proceeds of the fund for the development of infrastructure in critical sectors to boost economic activities in those areas. Some of the identified areas are transportation, education, and health. I’d like to quickly chip in that education and health are key CSI pillars for us at Stanbic IBTC. We launched Series One, the first tranche of the Infrastructure Fund, and the result has been positive as it has been widely accepted. Our strategy in using the Series One as a vehicle to attract investments from domestic institutional investors has been successful. We also saw a good turnout from insurance companies and high networth individuals. They bought into the story and vision of trying to invest their funds in the Infrastructure Fund, which can be categorised as an alternative asset plan.

Steps to secure Nigeria’s future

It is well known that the future of any country lies in the youth. It is therefore very important to prioritise their education because the kinds of decisions and actions they take will be dependent on their level of knowledge. It is also very important to focus on their health. As a country, we also need to deploy resources towards reducing the level of unemployment.
The average Nigerian youth exudes so much energy and we have seen this play out in the occurrences in the last 12 months. We are witnesses to the innovativeness and the creativity of the Nigerian youth. We have developed three unicorns driven primarily by young Nigerians. The Nigerian youth is energetic, creative, innovative. By focusing on them, we will be able to secure our future.
Secondly, we need to look at the enablers of economic development and inclusion, because there is no point having economic growth that is not inclusive. The youths are very important to ensure inclusiveness within the context of our economic growth.

Expectations from NESG

There is the need to take urgent actions. People are more desi People are desirous of fulfilled promises and a thriving economy. We need to execute the initiatives which are geared towards economic development and improving the lives of the populace. There should be a proper alignment and proper coherence between the public and private sectors. One of the key outcomes of the 2021 NESG summit for me is the resolve by various stakeholders to execute tasks with speed with the aim of achieving positive results. This is fundamental so that when we come back next year, we can itemise the recommendations and implementation and possibly measure results. It is important for the public and private sectors to come to a point where execution is accorded priority in summits such as the NESG.
How does Stanbic IBTC drive Nigeria’s growth
Between 2015 and now, Stanbic IBTC has facilitated over 35 billion dollars’ worth of capital inflows into the country. Despite the advent of Covid-19 and the negative impact of the economy, we have attracted almost 0.8 billion dollars of foreign portfolio investment this year alone. This is evident of Stanbic IBTC’s ability to facilitate foreign capital inflow despite economic headwinds.
We are funding and making sure that savings of retirees are well managed, and payments made monthly to ensure that they continue to enjoy the fruits of their labour. We achieve this with our pension subsidiary, Stanbic IBTC Pension Managers, which is Nigeria’s biggest pension fund administrator by number of customers and assets under management.
One of our mantras as an organisation is that “Nigeria is our home, we drive our growth”. This is beyond a tagline. You can say that it is in our DNA to give back to the communities where we operate and Nigeria as a whole. The Stanbic IBTC Infrastructure Fund was also launched on the back of that mantra. We have already committed a certain percentage towards the development of critical infrastructure. Besides, it is also a key governance requirement.
We are doing a lot in the health care sector as well. Over the weekend, we commissioned a teaching hospital at the Baze University. This will be the largest private teaching hospital in the South of the Sahara. It measures about 10,000 square meters and we are funding it. We are intervening in public healthcare sectors and education because, as I mentioned earlier, they represent the pillars of our social initiatives as a responsible corporate entity. Our interventionist activities include giving scholarships, donation of learning materials, building educational structures, and even resuscitating dilapidated structures. We are also involved in extra-curricular activities such as sponsoring football competitions among students of tertiary institutions. We aim to develop the knowledge of our youths and even help some of them develop their talents and skill sets, which may hitherto be hidden. We train youths interested in Artificial Intelligence, programming, coding, data analytics, data science and we also pay for them to be certified.
We are doing a lot on economic empowerment. In the last 12 months, we have increased our portfolio for SMEs. The percentage increase is more than 300% and we are just starting. We will continue to do even more

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GTBANK NAMED BEST OVERALL PERFORMING BANK IN NIGERIA IN THE BANKER’S TOP 1000 WORLD BANKS RANKINGS 2026

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Guaranty Trust Bank Ltd (“GTBank” or the “Bank“), the flagship banking subsidiary of Guaranty Trust Holding Company Plc (“GTCO” or the “Group“), has been named the Best Overall Performing Bank in Nigeria in The Banker magazine’s Top 1000 World Banks Rankings 2026.

The recognition reaffirms GTBank’s position as one of Nigeria’s leading financial institutions and reflects the Bank’s consistent delivery of strong financial performance, operational excellence, and sustainable growth. The rankings evaluate banks globally using audited financial results, assessing institutions across financial strength, operational efficiency, risk management, liquidity, growth, and profitability.

GTBank ranked 1st Overall as best performing Bank and also ranked 1st in Efficiency and Soundness. The Bank secured 2nd place in other metrics such as Return on Risk, Liquidity, Growth, Leverage and Profitability, demonstrating exceptional performance across all major Banking metrics

Speaking on the achievement, Mrs Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Being named the Best Overall Performing Bank in Nigeria by The Banker is a recognition that means a great deal to us, not just because of the prestige of the publication, but because of what it represents; the hard work of our People, the loyalty of our Customers, and the strength we continue to draw from being part of the Group. Ranking 1st in Overall Performance, Efficiency, and Soundness reflects our disciplined approach to banking, the synergies we harness across the GTCO Group, and our relentless focus on delivering real value. We do not take this recognition for granted. It deepens our resolve to keep raising the bar, to serve our customers better every day, and to remain a Bank that consistently delivers value to all its stakeholders, and to the GTCO Group we are proud to belong.”

This recognition reinforces GTBank’s position as one of Africa’s leading Banking franchises and reflects the strength of its business model, disciplined execution, and sustained investment in innovation. It adds to the Bank’s growing portfolio of international accolades and underscores its enduring commitment to delivering exceptional customer experiences, driving sustainable growth, and creating long-term value for customers, shareholders, and the communities it serves.

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GTCO Launches Second Edition of #BeatTheDistance Initiative, Donating 3,000 Bicycles Across Six States in Nigeria

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Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has announced the 2026 rollout of its social impact initiative called #BeatTheDistance.This is a nationwide intervention aimed at supporting school children in underserved communities through the provision of bicycles to ease their daily commute to school.

Marking the second edition of the initiative, GTCO will distribute 3,000 bicycles to schoolchildren across six states in Nigeria—Ebonyi, Jigawa, Benue, Oyo, Akwa Ibom, and Ekiti. The programme builds on the impact of its inaugural rollout in 2019 and underscores the Group’s commitment to improving access to education through practical, community-focused interventions.

By helping to reduce the transportation challenges faced by students who travel long distances to attend school, the initiative seeks to improve school attendance, support learning outcomes, and create opportunities for young people to pursue their education with greater ease and confidence.

Speaking on the initiative, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Mr Segun Agbaje, said: “Education remains one of the most powerful tools for transforming lives and creating opportunities. Through the #BeatTheDistance Initiative, we are supporting students whose determination to learn is often tested by the distance they travel each day to access education. By providing these bicycles, our goal is to create an environment where more children can achieve their full potential by reducing fatigue, improving attendance at school, and expanding learning outcomes for children of school age.

He further added: “At GTCO, we believe that meaningful impact comes from addressing real challenges within communities. #BeatTheDistance is one of the ways we are investing in the future by supporting young people and helping to create conditions that enable them to succeed. We remain committed to initiatives that promote inclusion, expand access to opportunities, and contribute to sustainable development.”

The initiative forms part of GTCO’s broader commitment to social impact and sustainable development, particularly in the areas of education, youth empowerment, and community advancement. By helping students spend less time commuting and more time learning, #BeatTheDistance continues to deliver practical support where it is needed most, empowering young people to pursue their education and unlock their full potential.

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ZENITHBANKCHAMPIONSTRADEANDINVESTMENTAT6THCANADA-AFRICABUSINESS CONFERENCE

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  • ZenithBankPlcreaffirmeditscommitmenttoadvancingtrade,investmentandeconomiccooperation
    betweenCanadaandAfricaastheHeadlineConferenceSponsorofthe6thCanada-AfricaBusiness
    Conference, held on Wednesday, 24 June 2026 at Eko Hotel & Suites, Victoria Island, Lagos.
    OrganisedbytheCanada-AfricaChamberofBusiness,theconferencebroughttogetherahigh-level
    Canadian business delegation representing 31 companies, alongside senior government officials, business
    leaders, investors, policymakers, diplomats and development partners. The gathering set out to strengthen
    commercial relations between Canada and Africa and to position Nigeria as a strategic gateway for Canadian
    businesses seeking opportunities across the continent.
    The Canadian delegation comprised companies and institutions operating across financial services, security,
    mining andcritical minerals,legal andprofessional services, infrastructure, technology, healthcare, education
    and clean energy. Among those present were GardaWorld, Dentons, Baywood Group, Element, Trilliant and
    other leading Canadian enterprises exploring commercial opportunities and strategic partnerships in Nigeria.
    The Executive Director of Zenith Bank Plc, Mr. Akin Ogunranti, who delivered the keynote address on behalf
    of the Group Managing Director/CEO, Dame Dr. Adaora Umeoji, OON, described the conference as a timely
    platform for deepening commercial partnerships between Canada and Africa amid shifting global economic
    realities. He underscored Africa’s readiness to lead the next phase of global economic growth, stressing that
    thecontinent now possessestheinstitutions,policy frameworks andpartnershipsrequiredtoturn its immense
    potential into shared prosperity.
    “The question is not whether Africa is rich in potential. It is whether we can turn that potential into prosperity
    our people can feel. For the first time, the answer is yes, because of the machinery we are now building,” he
    said.
    RepresentingtheGovernorofLagosState,HisExcellencyMr.BabajideSanwo-Olu,thePermanent
    Secretary, Ministryof Commerce, Cooperatives, Trade andInvestment, Mr. Babatunde Onigbanjo,reaffirmed
    the State Government’s commitment to fostering an enabling environment for investment and international
    partnerships, and highlighted Lagos’ position as Nigeria’s commercial hub and gateway to African markets.
    “Canada bringstothe tableconsiderable expertise,capital, innovation,and astrong traditionof institution
    building.Africa,andindeedLagos,offerscale.Weoffertalent,creativity,marketopportunitiesandan
    increasingly sophisticated business environment. Together, these strengths create a compelling foundation
    for transformative partnership,” he said.
    Speaking at the event, the Deputy High Commissioner of Canada to Nigeria, Mr. Carlos Rojas-Arbulú, noted
    thattheconferencereflectsthegrowingmomentuminbilateralcommercialcollaborationbetweenboth
    countries. He said: “The relationship between Canada and Nigeria is not new. It is rooted in diplomacy, trade,
    education,culture,migration,andshareddemocraticvalues.Buttoday,Ibelieveweareenteringanew
    chapter: one that is more ambitious, more practical, and more human.”
  • TheChairoftheBoardoftheCanada-AfricaChamberofBusiness,PaulaCaldwellSt-Onge,highlighted
    Nigeria’sgrowing economic significance,saying: “Nigeria’s growth isnot theoretical.It is alreadybeing built by
    Nigerian entrepreneurs, investors, financial institutions, innovators and companies whose ambition reaches
    across Africa and around the world.”
    She also acknowledged Zenith Bank’s role in advancing the conference’s objectives, stating: “Zenith Bank is
    not only oneof Africa’s leadingfinancial institutions, it isthe capital behindwhat you seehere today, and it
    represents the skill, ambition, discipline, innovation and excellence that this conference seeks to showcase.”
    Theconferencefeaturedhigh-levelpaneldiscussionsonCanada-Africacommercialrelations,investment
    opportunitiesacrossprioritysectors,andtheimplementationoftheAfricanContinentalFreeTrade Area
    (AfCFTA). The sessions brought together policymakers, business executives and industry experts to identify
    practicalpathwaysforstrengtheningcommercialpartnershipsandacceleratingsustainableeconomic
    development.
    The conference is expected to strengthen Nigeria’s attractiveness as a destination for Canadian investment,
    while opening new opportunities for technology transfer, private sector collaboration, job creation and long-
    termeconomicgrowth.ItalsoreinforcesNigeria’spositionasastrategichubforbusinessesseekingto
    access opportunities across Africa under the AfCFTA, supporting the country’s ambition to expand its role in
    regional and global trade.
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