Nigeria’s long-standing narrative of immense potential constrained by structural challenges may be entering a new phase of tangible economic delivery, as stakeholders prepare for the Nigeria NOW! summit, scheduled to hold in November 2026 in Abuja.
This was made known by Simon Gosling, EnergyNet’s managing director and the convener of the summit, during a consultative visit to PREMIUM TIMES on Wednesday.
The visit was part of pre-event engagements to explore collaboration opportunities with the leadership of Nigeria’s foremost newspaper, to discuss media partnerships and the role of journalism in shaping credible narratives around investment, transparency, and governance in Nigeria’s extractive and energy sectors.
The meeting highlighted the role of data-driven storytelling in bridging information gaps between policymakers, investors, and citizens.
Speaking about the summit, Mr Gosling said, for years, investor engagement with Nigeria has been characterised by caution, driven by concerns around foreign exchange volatility, regulatory uncertainty, contract breaches, policy flip-flops, and infrastructure gaps.
He said: “However, recent developments, including reforms in the foreign exchange regime, implementation of the Nigeria Tax Act 2025, and renewed momentum in gas infrastructure such as the AKK pipeline, point to a transition from policy intent to execution”.
He explained that the summit is designed to reframe global investor perception of Nigeria from a high-risk environment to a destination of verified opportunity, noting that the event is engineered to bridge this trust Gap.
“Unlike previous jamborees focused on Memorandums of Understanding, this launch event focuses on Final Investment Decisions (FIDs) and the showcasing of completed projects. The agenda is designed to move the conversation from “what we plan to do” to “what we have done and how you can plug in”, Mr Gosling said.
He said the high-level event will bring together key sectors, including power, petroleum, solid minerals, transport, agriculture, and infrastructure, while convening policymakers, regulators, investors, industry leaders, and development partners to showcase recent reforms and major infrastructure milestones.
Mr Gosling added that partnerships with local institutions remain critical to the success of the initiative, noting that the summit aims not only to attract investment but also to promote accountability, inclusivity, and sustainable development outcomes.
Mr Idris Akinbajo and Smon
Also speaking on the collaboration, PREMIUM TIMES’ publisher, Dapo Olorunyomi, emphasised the need to build a strong media community of practice capable of amplifying critical issues across the key sectors.
He noted that a lack of technical capacity has historically hindered journalists from reporting on these complex industries with consequential depth.
Mr Olorunyomi stressed the importance of intensive capacity building to ensure that the Nigerian public and the global community are informed by knowledge-driven storytelling rather than anecdotal evidence.
Similarly, representatives of the Nigerian Indigenous Women in Mining and Natural Resources Organisation (NIWIMNRO), at the meeting, expressed appreciation to EnergyNet for its technical support in ensuring that the voices of women artisanal miners are reflected in broader investment conversations.
The organisation’s Executive Director, Felicia Dairo, commended EnergyNet for its commitment to advancing gender inclusion and supporting initiatives that empower women miners across Nigeria, noting that EnergyNet’s support began even at a time when NIWIMNRO was still developing its structure.
Mrs Dairo said NIWIMNRO looks forward to working more closely with the EnergyNet team to ensure the success of what is expected to be one of the biggest events in Nigeria’s history.
About Nigeria NOW!
The Nigeria NOW! summit is being convened against a backdrop of shifting global economic and energy dynamics. As traditional investment destinations experience slower growth, capital is increasingly seeking high-yield frontier markets.
With projected GDP growth of around 4.0 per cent and ongoing structural reforms, Nigeria is positioning itself as a competitive destination for such investments.
The November 2026 event will serve as a precursor to a larger global investors’ summit planned for 2027, where Nigeria aims to further consolidate its position in the global investment landscape.
The Nigeria NOW! platform is also aligned with regional integration efforts under the African Continental Free Trade Area (AfCFTA), with stakeholders highlighting Nigeria’s potential as a gateway for institutional capital into West Africa.
Group Photograph
As preparations intensify, the organiser says the initiative’s success will depend on the country’s ability to translate reforms into measurable outcomes and sustain investor confidence.
With renewed momentum across policy, infrastructure, and stakeholder engagement, the Nigeria NOW! summit may mark a turning point in how Nigeria is perceived and how it performs on the global economic stage.
The Bank of Industry (BOI) said it will expand financing for agriculture, local healthcare manufacturing and digital businesses in 2027.
The bank stated this as it seeks to consolidate the gains of its 2025–2027 corporate strategy and strengthen Nigeria’s industrial development.
The bank’s Managing Director and Chief Executive Officer, Olasupo Olusi, disclosed the plan on Thursday at a meeting in Lagos, where he outlined the bank’s priorities for the final year of the strategy.
Mr Olusi said BOI would work with the Federal Ministry of Industry, Trade and Investment on the National Industrial Finance Compact to attract more long-term capital into Nigeria’s industrial sector.
He also said the bank would deploy its new European Investment Bank facilities to agriculture and local healthcare manufacturing to increase domestic production of food and medicines.
The funding includes €85 million secured from the European Investment Bank for agriculture and another €50 million for healthcare manufacturing in 2026, as part of more than €2.2 billion in new funding the bank has secured for Nigerian industry since 2024.
“We will deploy our new European Investment Bank facilities into agriculture and local healthcare manufacturing, so that Nigeria produces more of the food and medicines it consumes,” he said.
The bank also plans to expand its information and communications technology (ICT) and digital economy portfolio through the Investment in Digital and Creative Enterprises (iDICE) programme.
Mr Olusi said the initiatives formed part of the bank’s efforts to consolidate its achievements and meet the targets of its 2025–2027 corporate strategy.
“2027 is the final year of our strategy, and our task is to consolidate and meet every target we set,” the BOI boss, Mr Olusi, said.
BOI said it disbursed N644.9 billion in 2025, reaching 12,501 businesses and supporting 1.68 million jobs.
Discover more from Premium Times Nigeria
Subscribe to get the latest posts sent to your email.
First HoldCo Plc has appointed Gwen Mwaba as a non-executive director of the financial institution, effective 15 October, following an approval by the Central Bank of Nigeria (CBN).
The lender disclosed the appointment in a regulatory filing signed by Abiola Baruwa, the group company secretary, on Thursday.
First HoldCo said the appointment was made in accordance with the Nigerian Exchange Limited (NGX) Rulebook.
According to the lender, Ms Mwaba brings significant expertise in corporate governance and board oversight, credit risk and portfolio management, banking strategy, capital deployment, structured trade and commodity finance, development finance, environmental, social and governance (ESG) issues, and emerging-market risk.
Profile
Ms Mwaba brings nearly three decades of experience in global banking and development finance institutions, with particular expertise in credit risk oversight, portfolio governance, corporate and sovereign lending, structured trade and commodity finance, development finance and emerging markets.
Until recently, she served as managing director of Trade Finance and Correspondent Banking at the African Export-Import Bank (Afreximbank), based in Cairo, Egypt.
In that role, Ms Mwaba had executive leadership responsibility for trade finance and structured credit activities across Africa and the Caribbean.
The newly appointed director also oversaw a $19.5 billion portfolio of sovereign, financial institution and corporate exposures.
She contributed to the bank’s Pre-Credit and Credit Committees, providing senior credit judgement on major lending transactions. She also oversaw portfolio strategy, sector exposures and country risk limits.
Before that, Ms Mwaba served as regional head for Anglophone West Africa at Afreximbank, overseeing regional strategy and credit origination across Nigeria, Ghana, Sierra Leone, Liberia, The Gambia and Cape Verde.
Earlier, she was executive vice president of Structured Trade and Commodity Finance at Standard Bank Plc, London, where she was responsible for complex commodity finance, export credit agency-backed facilities and pre-export financing transactions across Africa.
Her earlier banking career included senior roles at Stanbic Bank Zambia and Standard Bank South Africa, including head of Vehicle and Asset Finance and head of Corporate Banking.
Ms Mwaba’s wider industry experience includes membership of the editorial board of Trade Treasury & Payments.
Until recently, her also served on the Multilateral Institutions Board Advisory Panel of the International Trade and Forfaiting Association (ITFA) and the World Trade Organization-led Expert Group on Trade Finance.
Ms Mwaba holds a Master of Business Administration (MBA) from Heriot-Watt University, United Kingdom, and a Bachelor of Science (Honours) degree in Applied Accounting from Oxford Brookes University, United Kingdom.
She is a Fellow of the Association of Chartered Certified Accountants (FCCA) and holds a professional qualification from the Chartered Institute of Transport.
Discover more from Premium Times Nigeria
Subscribe to get the latest posts sent to your email.