Nairametrics Financial Advocates Ltd: A Beacon of Excellence in Financial Reporting
Ugo Obi-Chukwu, popularly known as Ugodre, is the Founder and CEO of Nairametrics Financial Advocates, the driving force behind Nairametrics.com, Nigeria’s leading financial news platform.
A Chartered Accountant with over two decades of expertise in corporate finance, business strategy, and financial analysis, Ugo is a Fellow of the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Marketing. He is also a Certified Investor Relations Practitioner and a member of the UK Investor Relations Society.
Ugo’s career spans transformative roles in the energy and hospitality sectors. As Financial Controller at Ikoyi Hotels Ltd, he oversaw the turnaround and eventual sale of Southern Sun Hotel (now Mövenpick) to South African investors. At Sahara Group, he led Ikeja Electric’s transition to a data-driven utility, achieving the industry’s lowest ATC&C losses.
In 2013, Ugo founded Nairametrics to demystify financial and economic issues, empowering individuals and businesses with actionable insights. Nairametrics has since become a trusted resource for financial content, cited by local and global institutions.
A personal finance advocate and award-winning entrepreneur, Ugo hosts popular radio shows and webinars, combining his passion for financial literacy with a vision to transform Nigeria’s economic narrative.
Core values of Nairametrics
Integrity: Our board and management adhere to the highest moral, ethical, and fair business principles in content creation and information dissemination, ensuring our audience receives accurate and unbiased information. Reliability: We are committed to sharing information that is not only accurate but also consistently useful, reinforcing our audience’s confidence in our platform. Trust: As a leading business and finance platform, trust is the cornerstone of our operations. We ensure that all shared information is credible, fostering confidence among our audience. Neutrality: At Nairametrics, we prioritize data accuracy and contextual reliability. We maintain an unbiased stance, refraining from aligning with any ideological divisions, whether left or right. Impact: We are dedicated to creating thought-provoking, impactful content that empowers our audience to make informed decisions and build lasting wealth.
Nairametrics Financial Literacy Program
Nairametrics has established itself as Nigeria’s leading business and financial website, attracting an average of 3 million unique visits and 4 million views monthly. This remarkable achievement highlights our commitment to producing high-quality content that informs and empowers our audience. Beyond our online presence, we have launched impactful financial literacy programs and workshops, equipping individuals and businesses with the knowledge to make better financial decisions. Our efforts have earned us multiple awards, recognizing our contributions to financial journalism and education. By leveraging data-driven insights and accurate financial forecasts, we continue to help our audience navigate complex financial landscapes and build lasting wealth.
How we support Retail Investors
Dividend Tracker and Portal: This platform offers comprehensive data on dividend payments from publicly listed Nigerian companies since 2021, enabling retail investors to make informed decisions. • Financial App Lab: Our suite of financial calculators assists users in tasks such as estimating interest rates, understanding the effects of bonus shares and rights issues, and creating amortization schedules for long-term investments and loans. • Nairalytics.com: As Nigeria’s first privately funded research portal, Nairalytics curates and presents macroeconomic data through charts and tables, providing thousands of Nigerians with access to critical economic information.
Nairametrics offers to its Users
Nairalytics is a comprehensive research platform offering over 1,000 macroeconomic and corporate datasets, transforming unstructured information into user-friendly formats. It provides data visualization through charts, infographics, and interactive tables, catering to research organizations, academics, corporate research departments, and investors seeking Nigerian economic data. Innovative features include: • Extensive Data Coverage: Access to a vast array of macroeconomic and corporate datasets, enabling in-depth analysis of Nigeria’s economic landscape. • Data Visualization Tools: Utilization of charts, infographics, and interactive tables to present complex data in an accessible manner, enhancing user comprehension. • Diverse Data Sources: Collaboration with reputable organizations such as the Nigerian Bureau of Statistics, Central Bank of Nigeria, and the World Bank ensures accurate and up-to-date information. These features position Nairalytics as a vital resource for stakeholders requiring reliable data and insights into Nigeria’s economy.
Challenges
Nairametrics faces challenges in covering Nigeria’s fintech sector due to the limited transparency of private fintech companies, which are not required to disclose financial information like publicly listed firms. This lack of data hinders our ability to provide in-depth and accurate analyses. Additionally, the fast-paced innovation and evolving regulations in the fintech space require constant adaptation, making timely reporting difficult. Despite these obstacles, we remain committed to leveraging alternative data sources, engaging industry stakeholders, and advocating for greater transparency to ensure reliable and actionable content for our readers.
Managing Home, Business and social life
Balancing home, work, and social life is like juggling flaming torches while riding a unicycle! But seriously, it involves keeping a well-prioritized schedule and setting clear boundaries. I delegate responsibilities effectively to ensure everything runs smoothly both at home and at work. And of course, I make sure to squeeze in some fun activities and hobbies to unwind and stay healthy. After all, all work and no play makes Jack a dull boy! Plus, I love my whiskey – it’s the perfect way to relax after a long day.
Future Projections
Looking ahead, we plan to explore new markets and expand our reach beyond Nigeria. We’re investing in cutting-edge technology to enhance our content delivery and user experience. Additionally, we’re forming strategic partnerships with other content partners to increase our content offering a wider range of services.
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Chief Obasi Lawson: Driving Growth and Innovation in Nigeria’s Oil and Gas Industry
Sobaz Nigeria Limited is a prominent player in the Nigerian Oil and Gas Industry. An indigenous and integrated downstream company that specializes in the comprehensive marketing, distribution, retailing, and sale of a wide range of petroleum products.
With an extensive network of over 300 tanker trucks, and over fifty retail outlets spread across Nigeria, its well-positioned to meet the diverse needs of her customers, ensuring easy access to quality petroleum products. Sobaz Nigeria Ltd have a state-of-the-art depot located in Esuk Utan, Calabar. This facility is equipped with the latest technology to ensure efficient handling and storage of its petroleum products, further enhancing its capability to meet the demands of its customers effectively.
Sobaz Nigeria Limited’s journey in the oil and gas sector is marked by a steadfast commitment to excellence. It has built a reputation for high performance, driven by its innovative approaches and adherence to the industry’s best practices.
At Sobaz Nigeria Limited, they pride themselves on their unwavering dedication to providing exceptional customer service. Its trained professionals are always ready to assist, ensuring that every customer’s experience is positive and satisfying. Through these efforts, they continue to reinforce their position as a leader in the industry while contributing to the growth and development of Nigeria’s economy.
Integrity-Driven Business
We have established exceptionally high standards for excellence to ensure that our operations are rooted in integrity across all dimensions of our business. Our dynamic framework encompasses five key value propositions, referred to as the 5Cs, designed to uphold the integrity of our operations while delivering outstanding customer experience. These value propositions include:
Constant Product Availability, Correct Product Quality, Competitive Pricing, Consistent Timely Delivery, Completeness of Quantity
In our retail locations, we implement rigorous and systematic quality assurance checks, guaranteeing an unparalleled experience for our customers. At our depot and third-party depot where we have throughput operations, we have made significant progress in the daily testing of petroleum products in line with NMDPRA regulations and guidelines complying with AFRI 5 test specifications, which regulate sulfur content in our petroleum products, ensuring adherence to the specification set by Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
We strongly emphasize integrity within our workforce, actively recognizing and rewarding team members who exemplify high ethical standards. To promote transparency and accountability, we have developed user-friendly tracking platforms and applications that empower our customers to monitor the real-time transportation of their products. This feature ensures that our vehicles remain on designated routes and are not diverted during transit.
Additionally, we engage in comprehensive campaigns to ensure the accurate dispensing of petroleum products in our retail outlets. Our commitment to the integrity of dispensing pumps guarantees that they operate within regulatory tolerances and standards. By adhering to these principles, we not only strengthen our operational integrity but also cultivate trust and satisfaction among our valued customers in the oil and gas sector.
Sobaz Nigeria Limited Approach to Health, Safety and Environment (HSE) Management
At Sobaz Nigeria Limited, we prioritize a structured and integrated approach to Health, Safety, and Environmental (HSE) management. This commitment is deeply ingrained in our corporate culture and policies, demonstrating our dedication to regulatory compliance, sustainability, and operational excellence.
Our HSE management system is designed to minimize risks, safeguard the health and safety of our workforce, and mitigate environmental impacts. We achieve this through a proactive and authentic stance on safety concerns, showcased by decisive actions, resource allocation, and unwavering support for HSE initiatives.
We engage employees across the board by providing comprehensive safety training, conducting thorough evaluations of our HSE policies, and fostering a culture of open communication regarding safety issues. This collaborative approach ensures that every employee plays a vital role in driving advancements in our health, safety, and environmental performance.
Our commitment to safety is emphasized by in-depth environmental evaluations, including comprehensive Environmental Impact Assessments that adhere to regulations set forth by the Federal Ministry of Environment. We have also developed a robust Greenhouse Gas Adaptation Management Plan, demonstrating our dedication to environmental stewardship.
The Operational Safety Case (OSC) for our Calabar Bulk Petroleum Product Depot is meticulously documented, assuring stakeholders and regulatory authorities that we prioritize risk prevention in our operations. This OSC identifies potential major incidents, specifies control measures, and guarantees that significant hazards are managed effectively, with a focus on eliminating risks or reducing them to as low as reasonably practicable (ALARP).
As a leading marketer of petroleum products in Nigeria, we prioritize absolute compliance with relevant international and national regulations and uphold industry best practices. Our Operational Safety Case features detailed emergency response plans, ensuring the protection of our workforce, the environment, and the integrity of our business.
In conclusion, our HSE practices are deeply rooted in a robust commitment to protecting our people and the planet while driving operational excellence. By consistently advancing our HSE initiatives, we are determined to make a positive impact on the communities we serve and ensure sustainable business operations.
Contribution to The Local Content Initiative
As a player in the downstream oil & gas industry, Sobaz Nigeria Limited has contributed and still contributing to Local Content Initiatives, this includes: Job Creation: Employment opportunities for Nigerians; Local Procurement: Source and buy materials and services from local communities to support their well-being; Capacity Building: Training and skill development programmes to enhance the local workforce that will increase productivity.
Sobaz Nigeria Ltd has made and is still making more meaningful differences in the communities where it operates.
Our commitment to local content initiatives is both comprehensive and transformative. We are leading the charge in creating jobs and providing a wealth of opportunities for Nigerians from diverse backgrounds at every level of our operations. Complementing this effort, our extensive training programmes reinforce our dedication to local workforce development. By strategically situating our retail outlets across all six geopolitical zones, we actively support supply chain localization. A prime example of our commitment to enhancing local content is our significant investment in the downstream oil and gas sector, including the proposed 100,000 MT integrated depot at Ibom Deep Sea Port, which will generate over 1000 jobs.
Sobaz Nigeria Limited Success Stories Over The Years
As the Managing Director and CEO of Sobaz Nigeria Limited, I am proud to highlight the remarkable milestones and achievements our company has accomplished since its inception. Our journey began as a modest retail-focused service provider, and we have since evolved into a multifaceted organization spanning various sectors of the oil and gas industry.
Our successful transition from a purely retail operation to a formidable presence in the midstream and downstream sectors has been a significant achievement. This strategic expansion has enabled us to establish ourselves as a vital player in marine logistics, providing comprehensive support through specialized marine bunker vessels. By venturing into marine logistics, we have effectively responded to the increasing demand for reliable, cost-efficient solutions for the transportation and storage of petroleum products.
In addition to our advancements in logistics, Sobaz Nigeria Limited has proactively diversified its portfolio, focusing on the expanding markets of Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG). Our efforts contribute to Nigeria’s growing energy transition and support the push for sustainable energy solutions aligned with global standards. Our targeted investments in these alternative energy sources have opened up new revenue streams and reinforced our commitment to innovation and sustainability.
Our retail segment has experienced remarkable growth, transforming from a single retail outlet to a vast network of over 80 operational retail stations strategically located across the nation. This extensive network addresses the needs of an expanding consumer base, showcasing our capacity to scale operations efficiently and adapt to the ever-evolving demands of the Nigerian market.
In summary, Sobaz Nigeria Limited has firmly established itself as an integrated energy company with a robust expertise in both traditional petroleum products and emerging energy solutions. Our consistent growth, strategic diversification efforts, and unwavering commitment to operational excellence have been critical factors in our ongoing success. As we look to the future, we are excited about the continued expansion and the profound impact we aim to make on the Nigerian energy landscape.
Challenges in The Industry
The fluctuations in oil prices play a crucial role in shaping the profit margins of the downstream industry, which encompasses refining, distribution, and marketing of petroleum products. As these prices rise and fall, businesses must implement flexible strategies to effectively manage their costs and mitigate associated risks.
Moreover, the industry is confronted with several formidable challenges. Supply chain disruptions, whether due to geopolitical tensions, natural disasters, or logistical issues, can severely impact operations. Environmental concerns, including the ongoing need to reduce carbon emissions and comply with stricter regulations, are becoming increasingly important.
In addition, rapid technological advancements are reshaping the landscape, pushing companies to invest in new technologies to enhance efficiency and reduce costs. The competition from renewable energy sources presents another layer of complexity, as businesses must adapt to changing consumer preferences and invest in sustainable practices.
Finally, economic uncertainty—characterized by fluctuating demand, inflation, and market volatility—requires companies to adopt innovative and proactive approaches. Emphasizing long-term success, businesses must navigate these diverse challenges strategically while remaining adaptable to an ever-evolving industry environment.
Expansion and Growth
As previously stated, we are dedicating considerable emphasis to the expansion of our portfolio in critical infrastructure, particularly in the sectors of natural gas and renewable energy. These areas are essential for bolstering the initiatives put forth by the Federal Government. In alignment with our strategic objectives and our unwavering commitment to sustainable energy solutions, we aspire to contribute significantly to the Federal Government’s efforts to enhance the utilization of natural gas within the domestic market.
Our focus on expanding in these sectors is driven by the need for a more resilient and sustainable energy infrastructure. We recognize that by investing in natural gas, we can support the transition toward cleaner energy sources while also addressing the increasing demand for reliable energy across the nation. This strategic endeavour not only positions us as a leader in the energy transition but also ensures that we are actively participating in the Federal Government’s vision for a more sustainable energy landscape. Through our initiatives, we aim to facilitate the growth of natural gas infrastructure, improve accessibility, and promote its benefits as a bridge to more renewable energy sources in the future.
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Oje Ojeaga: A Leader of Repute in Storytelling and Advertising
As the founder and CEO of Up In The Sky, a pioneering Nigerian storytelling agency, Oje Ojeaga has established himself as a trailblazer in the advertising industry. With nearly two decades of experience in advertising and film, Oje brings a unique fusion of creative vision and strategic expertise to every project.
Under his leadership, Up In The Sky has collaborated with renowned global brands such as Google, Coca-Cola, the World Health Organization, Whatsapp, Mastercard Foundation, Arla Dano, PZ Cussons and ARM Group, helping them connect with their audiences through compelling storytelling. Oje’s work has garnered international recognition, earning awards from prestigious institutions like the Loeries, Pitcher Awards, and Berlin Short Film Festival.
A sought-after thought leader, Oje has spoken at the esteemed Cannes Lions Festival of Creativity and served as a jury member in 2023. He is also the author of “The Monday Memos,” a guide designed to inspire the next generation of storytellers.
Up In The Sky is a seasoned creative agency that embodies a fresh, innovative approach to advertising and creative solutions in Nigeria. “We are a seasoned creative agency that believes in the power of collaboration, creativity, and effectiveness. Our name embodies our aspiration to elevate brands and campaigns to new heights through strategic thinking and impactful execution”, he informed.
Guided by core values of collaboration, creativity with purpose, and excellence, Up In The Sky has achieved remarkable success, as evidenced by its multiple local and international awards.
Oje said, “Our core values driving our success are: – Collaboration: We work closely with clients using our Flight Plan Module to develop faster, effective campaigns. Creativity with Purpose: We aim to create work that matters and moves the needle for our clients. Excellence: We strive for the highest quality in everything we do, as evidenced by our multiple local and international awards”.
In response to the evolving advertising landscape, Oje emphasises the importance of adaptability, innovation, and talent development. He notes that the industry faces significant challenges, including talent retention, technological disruption, and changing consumer behaviour.
“The advertising industry is currently facing several challenges. These includes Talent retention: The industry is experiencing a significant talent drain without a clear enough replacement pipeline at the skill depth we need. Technological disruption: Automation and AI are changing how ads are created and placed. Changing consumer behaviour: The challenging socioeconomic environment continues to put unprecedented pressure on consumers. We are seeing habits changing in real-time and the rules of communication being rewritten in real-time”.
To address these challenges, Oje advocates for investing in talent development, embracing new technologies and developing innovative, emotional advertising that leverages storytelling to connect with audiences on a personal level. By prioritizing these strategies, businesses can navigate the complexities of the modern advertising landscape and achieve lasting success.
As a seasoned CEO, Oje offers valuable advice to aspiring leaders. He emphasizes the importance of embracing continuous learning and adaptability, fostering a culture of collaboration and innovation, and staying true to core values and vision.
Oje also stresses the need to prioritise mentorship and knowledge sharing, as these are crucial for developing talent and ensuring long-term success. Finally, he encourages leaders to take calculated risks and challenge the status quo, which is often where the greatest opportunities lie.
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Our clients, projects reflect competence in all aspects of the real estate development industry- Bidemi Amusa, CEO, Carrillion Consultants
In a world where many business owners tend to cut corners in a bid to save costs and make the most profit possible from every project, there are however some others that stand out from the crowd, determined to do everything by the book.
One of such is the Chief Executive Officer (CEO) and founder, Carillion Consultants, Bidemi Amusa, who has made a name and distinguished himself in the real estate industry. With a number of quality projects to his name that have stood the test of time, he says he is armed with a clear mission to not just simply satisfy clients but absolutely delight them with high-quality and glamorous edifices.
Located in Lagos, Nigeria, Carrillion is an architectural consultant and real estate development company with a primary focus on Property Development, Investment, Building Construction, Design Services and Facilities Management.
Boasting a passion for delivering superiority and excellence with every edifice he lays his hands on, this passion, desire for excellence and positive attention to detail shines through in each of Carrillion’s projects, dotted all over the city of Lagos.
Beyond making profit, integrity, he said, is a fundamental personal value close to his heart. This includes honesty, ethical integrity and a firm commitment to ethical principles and values and drives his activities. “Merit is another important principle that I uphold in my daily activities. It involves recognising and evaluating individuals based on their abilities, efforts and achievements rather than factors unrelated to their achievements. Integrity is the cornerstone of my personal values, encompassing honesty, consistency, accountability, respect and fairness in my daily actions, while also upholding the principle of merit, valuing individuals based on their abilities, effort, and accomplishments rather than irrelevant factors.”
The real estate industry is one which has undergone heavy scrutiny in recent times, due to a number of incidences recorded but for Amusa, while incidents do occur in building projects, he says the thorough level of planning, expertise, high-quality materials and attention to details poured into every project, makes it almost impossible for incidences to occur on their projects.
Lending his expert opinion to the issue of quackery in the industry, he explained that the real estate and construction industry, just like any other industry in Nigeria, has a plethora of quacks masquerading as developers and building contractors. This, he added, is a problem they have to tackle head-on with the support of the government to restore excellence to the industry.
Nigeria holds the unfortunate distinction of leading Africa in building collapses, with Lagos state alone reporting roughly 350 such incidents over the last four decades. “This alarming trend underscores the pressing need for fortified regulation, rigorous enforcement and unwavering quality control standards.
To overcome this challenge, we have proactively prioritised stringent quality control measures within our projects, collaborating exclusively with certified professionals and unwaveringly adhering to established building standards.”
He went on to add that thorough attention and perfection don’t suddenly come into play during the project’s finishing, but is there right from the planning stages- till the very end. This, he said, is why clients have retained trust in them as they understand that they will be getting the best in terms of quality and style tailored to their individual tastes. According to him, quality and style go hand in hand and one doesn’t have to suffer at the expense of the other.
A firm believer in delivering a hundred per cent to every project as well as beauty, heart and soul, in his words, “We do not want to address architecture, we are here to enrich each and every client’s feeling and experience enough to make you fall in love with art. It’s my honour to be a part of an organisation that changes the lives of the culture I serve. I am supported by hardworking, dedicated, professionals that share the same dream as myself. I am committed to bringing your vision to reality. Our team is made up of experienced talents, some with as much as three decades of experience. This, in addition to giving our all, ensures that each project gets the best possible hands money can buy,” he said.
According to him, his focus as the CEO is simple: to help ensure they have the resources and effective communication to provide exceptional real estate solutions.
With almost two decades of experience in the real estate industry, Amusa’s company specialises in the construction and sale of residential homes. With a strong background in computer software engineering, an MSc and a BSc from the University of East London in the United Kingdom and a certification in real estate development from Harvard Business School Executive Education, Amusa’s education has prepared him fundamentally for the leadership role he plays today in the industry.
On factors that have contributed to his longevity and success in business, he said it is important to have an in-depth knowledge of the industry. “Keeping up with industry trends, understanding market dynamics and having a thorough understanding of the industry gives me a competitive edge. Also, a clear vision of the future of the business and a well laid out strategy helps to achieve these goals, because it provides direction, purpose and guidance in decision making.”
“Furthermore, the business landscape is constantly evolving and this requires the need to be adaptable to change and innovate. This has been very crucial for staying relevant and competitive. Real estate like other businesses is filled with challenges and setbacks and resilience, which is the ability to bounce back from adversity, is a vital trait one must possess. It’s about learning from failures and maintaining determination in the face of obstacles. If you fall, you should rise, learn and reposition yourself from lessons learnt.”
Revealing also that communication skills are fundamental in order to succeed in business, he said whether you’re pitching a new idea, negotiating deals or leading a team, effective communication is key to building relationships and achieving your objectives. Advising on network building as another key to success, he said building a strong professional network can open doors to partnerships, collaborations and opportunities. “Cultivating relationships with industry peers and professionals has been invaluable for me. In addition, if you have a team, having effective leadership skills are critical. Effective leadership inspires and motivates your team to work toward shared goals. Efficiently managing your time, setting priorities and working toward your goals is essential for productivity. Beyond a foundation of personal integrity, maintaining ethical behaviour in business relationships is a strategic choice. It goes beyond short-term benefits and sets the stage for long-term success. Ethical businesses enjoy the trust and support of stakeholders, a solid reputation and resilience to overcome challenges and seize opportunities, putting them well-positioned for sustainable growth stable, and prosperous.”
“Learning from experienced mentors is like having seasoned guides by your side as you chart your course through career waters. Their advice not only imparts practical knowledge but also shapes your character, promotes growth and improves your readiness to meet challenges and seize opportunities. Mentors are not just advisors; they are your potential guardians, bringing a profound and lasting influence on your career path. Lastly, you must have a global perspective and this is not just a state of mind; it’s a strategic imperative in today’s connected world. It enables companies to seize international opportunities, expand into new markets and thrive in an increasingly globalised market. It also fosters personal growth and enriches understanding of the world, making it a valuable asset to individuals and organizations,” he divulged.
With core competencies including new business development, negotiation, customer service and property management, Amusa has successfully completed multiple projects in various locations, ranging from hotels and banks to family homes. Driven to create value for customers and stakeholders by providing sustainable and affordable housing solutions that meet their needs and preferences, this CEO said he’s always on the lookout for new opportunities and challenges to grow and improve his skills and expertise in the real estate industry.
For each project, Carrillion explains that it establishes relationships with partners that help create added value for client’s projects. “As well as bringing together the public and private sectors, we make sector-overarching links to gather knowledge and learn from each other. The way we undertake projects is based on permanently applying values that reinforce each other, socio-cultural value, experiential value, building-technical value and economic value. This way of working allows us raise your project to a higher level.”
Amusa said the diversity of their projects has played an important role in their success story. “Not only are we experts in estate development, our clients and portfolio of projects reflect competence in all aspects of the real estate development industry. Our promise to deliver excellent service drives us at every stage of our operations. Whether we are building waterfront studio apartments or luxurious five-bedroom houses, we complement the local vernacular and collaborate with some of the industry’s renowned architects to create distinctive homes with unique attention to detail. In addition, we help people realise their dreams of being homeowners. Some people have the money but have no idea how to start or navigate a building project by themselves and this is where we come in with our wealth of experience.”
In addition to being a lead development partner with the homes and communities agency, Amusa says they are partners with over 60 Registered providers and in long-term frameworks with more than 40. With combined strengths in project management and financial structuring with excellent abilities in design, construction and maintenance to develop and operate innovative facilities, he added that they serve their users to the highest standards possible while boasting outstanding eco credentials.
“It is my wish for everyone to personally discover a Carrillion luxury house, where we are committed to curating opulent experiences in every project we undertake. From prestigious residential communities to lavish commercial developments, we meticulously craft spaces that redefine luxury living. Through strategic partnerships, we elevate the value of each endeavour, ensuring that every detail exudes sophistication and elegance.
Urging lovers of quality and excellence to experience the epitome of luxury living with Carrillion, where socio-cultural, experiential, building-technical, and economical values converge to create unparalleled spaces, he urged that people explore their range of luxurious properties, including exquisite houses and upscale apartments available through rent-to-own arrangements. “Invest confidently with Carrillion and step into a world of luxury and refinement. I want when people think of luxury living, the first thing that comes to mind is a Carrillion house and vice versa.”
With almost three decades of success in the building industry with specialty honed in architecture, building construction, interiors and planning, Carrillion’s current projects and counting, include Agnes Contemporary, The MacDonald Place, Ikoyi, The Colonel Mall, Ologolo Amusa 8-10, Lekki Phase 1.
Other projects include The Royal Gardens, Benard, Cherryvile Estate, Charles Ifeanyi, Crystal House, De Maria, The Ruby Gardens, Agungi Bakre Estate, Elf, Megamond, Osapa London and Pinnock Estate in the Lekki area of Lagos.
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Seth Sylvester: A Visionary Leader Transforming Nigeria’s Business Landscape
Seth Sylvester, the CEO of Sylvastar Group of Companies, is celebrated for his extraordinary contributions to Nigerian entrepreneurship, earning him recognition as one of the Top 100 Nigerian CEOs. His journey reflects an inspiring blend of ambition, resilience, and an unwavering focus on creating value across multiple sectors.
A Foundation Built on Resilience
Seth’s entrepreneurial journey began in 2015 when he founded Sylvacore Energy Limited, a company initially focused on securing fuel supply contracts for organizations and individuals. Demonstrating an innovative spirit, Seth repositioned the company in 2019 to delve into petrochemical manufacturing. Today, Sylvacore Energy produces high-quality products such as Silver Woodscreen(Wood preservative/Anti-Termite) for wood protection, Silver Adhesive for industrial and domestic bonding, and Silver Gloss Paint, an eco-friendly solution that has become a benchmark in the industry.
Innovating in Challenging Times
In 2017, Seth transitioned into agriculture, establishing a poultry business that could accommodate over 20,000 birds. This venture eventually evolved into Sylvajem Food & Beverages in 2019, a company that now offers Sylvastar Rice, a premium locally milled rice, and Aquasylva 19.5ltrs Dispenser Jar Water, a trusted source of clean drinking water. Despite the disruptions of the COVID-19 pandemic, Seth expanded Sylvajem’s operations by launching a rice milling company, further demonstrating his resilience and ability to adapt to market needs.
Expanding Horizons in Real Estate and Finance
In 2021, Seth broadened the scope of his business empire by venturing into real estate with the establishment of Sylvastar Residences. This subsidiary has over 10 ongoing housing projects in Abuja, including Redwood Estate, Shawn and Heaven’s Court, Station Grove I & II, Sylvastar Nexus, Gateway Estate, Railview Estate, Sylvastar Fortress and Horizon Villas Estate. Each project reflects a dedication to modern design, strategic locations, and high-quality construction, catering to Nigeria’s growing demand for premium housing.
In the same year, Seth launched SylvastarCoop, the financial arm of the group, providing tailored solutions such as flexible loans, competitive fixed savings options, and investment opportunities. With over 250 loans disbursed, his initiative has empowered individuals and businesses alike, further establishing Seth’s reputation as a leader committed to economic growth and financial inclusion.
Leaving a Legacy of Impact
Under Seth’s leadership, with his integrated business model, Sylvastar Group has become a diversified conglomerate that continues to address critical market demands across sectors. From Sylvacore Energy’s innovative petrochemical solutions to Sylvajem Food & Beverages’ essential products like Sylvastar Rice and Aquasylva Dispenser Water, the group has consistently delivered on its promise of quality and reliability. Meanwhile, Sylvastar Residences redefines urban living with thoughtfully planned estates, and SylvastarCoop enables clients to achieve their financial goals with confidence.
As Seth Sylvester is spotlighted among Nigeria’s Top 100 CEOs, his remarkable journey serves as an inspiration. It highlights how innovation, resilience, and a commitment to meeting the needs of clients and stakeholders can lead to enduring success. His story is a testament to the transformative power of vision and determination in shaping industries and communities alike.
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ENGR. AKINBO AKIN-OLUGBADE, CEO, KAWAI TECHNOLOGIES
Akinbo Akin-Olugbade is an accomplished entrepreneur and business leader with extensive expertise in supply chain management, procurement, and technology. As the CEO of Kawai Technologies Limited, a leading supply chain management company in West Africa, Akinbo has driven the organization to deliver innovative, end-to-end solutions that enhance efficiency and support growth across diverse industries. In this interview, he talks about his strategic leadership that has positioned Kawai as a trusted partner for businesses seeking transformative supply chain solutions. Excerpts;
Can we have an insight into your professional background? What can you say is the passion that brought your career to life?
The best in any field are those who have spent significant time mastering it. I have dedicated an inordinate amount of time to the supply chain domain, starting early in my career and gaining varied, hands-on experience along the way. In the UK, I worked with startups, exposing me to diverse entrepreneurs and the challenges of running businesses across different industries. My journey eventually led me to Lagos in 2007, where my first office was situated within Apapa Port. This experience immersed me in the intricacies of the Customs Long Room and the operational challenges of Nigeria’s busiest port.
During these formative business years, I had the opportunity to work globally, visiting ports in Ukraine, the UAE, and China, negotiating charter party agreements, and gaining invaluable exposure to maritime logistics. My role also involved working with vessels, shipside equipment, and maritime operations, which soon became an intrinsic part of my professional identity.
In those early years I worked with a company whose interests spanned primarily fertilizer and real estate development, often project managing large-scale initiatives. This crucible of responsibility helped me quickly grasp the nuances of sourcing and procurement, while my analytical mindset consistently refined and systematized operations.
After a few years of being molded by fire as it were, my close friend and I set up Kawai Technologies Limited. When the opportunity arose to establish operations for a Turkish infrastructure company entering the Nigerian market, I embraced the challenge. By the end of 2012, Kawai Technologies came to the attention of Nigeria’s largest infrastructure company, marking a significant turning point in our story—and the rest, as they say, is history.
The most important lesson to me those early years was simple: What you don’t know, learn.
What are the core values driving your company’s success?
Kawai thrives on innovation, excellence, and sustainability. Our approach is deeply client- focused, taking the time and making the necessary investments to thoroughly understand our clients’ businesses. This enables us to deliver solutions that are often unmatched in their effectiveness.
Our workflow revolves around optimization—leveraging tools and technologies to enhance efficiency and deliver superior results. For example, we utilize AI tools to streamline processes, real-time tracking to monitor our supply chains, and since 2023, we have measured the carbon footprint of all our shipments. Where project timelines allow, we optimize to reduce emissions, aligning with global sustainability goals.
Additionally, our deep commitment to transparency provides our clients with peace of mind. They know they have a partner who is fully aligned with their goals and deliverables, fostering trust and building long-term partnerships with our clients.
To sum it up to one phrase – “It all matters, everything.”
How has Kawai Technologies navigated market changes amidst evolving government policies?
Kawai Technologies has demonstrated resilience in navigating Nigeria’s dynamic economic and regulatory landscape. For example, during periods of forex volatility, we implemented real- time pricing models that not only stabilized our operations but also allowed us to better forecast requirements. This enabled our clients—many of whom are publicly traded companies operating within strict quarterly timeframes—to plan their projects with greater certainty.
Additionally, we dedicated significant effort to sourcing made-in-Nigeria and West African solutions for our clients. Today, we proudly partner with companies across Nigeria, Ghana, and Cameroon to provide solutions that were once thought to be exclusive to Europe or Asia.
On another front, as Vice President of the Lagos Chamber of Commerce and Industry, I actively contribute to shaping policies that foster a more favourable business environment for all economic participants. This multi-pronged approach—combining economic participation, adaptability, and advocacy—has been key to Kawai’s sustained growth and long-term success.
As a key stakeholder in several economic sectors in Nigeria, including logistics, real estate, engineering and business consulting, what steps do you think government needs to take to address obvious challenges in these industries, in order to fast-track economic development and wealth creation for the nation?
As a nation, we need to move away from this fast-track mindset. There is no shortcut to sustainable growth—only consistent, deliberate action. Progress comes from addressing what needs to be done, when it needs to be done, and building on each stage of growth to prepare for the inevitable challenges ahead. The issues we face are not just confined to specific sectors; they are systemic, but they can be addressed. I will focus on three key areas that can drive meaningful change:
Education: We must take education seriously by incorporating our domestic languages into the curriculum. Learning in a native language drastically improves comprehension and retention, breaking barriers to knowledge and ensuring broader access to quality education for everyone nationwide. This foundational change would unlock human potential across the country.
Infrastructure: We need to physically connect the country through better roads, railways, bridges, and waterways. Nigeria faces some of the highest local transportation costs in the world. Fixing this is straightforward: roads must be motorable; we need efficient railways for nationwide goods movement, and our waterways must be better utilized. Progress is being made, but it’s not enough. Compare Lagos’ one-and-a-half metro lines after two decades to Dubai, which built an entire metro system in just three years, or India, which went from 5 cities with urban rail in 2014 to 41 cities in just a decade. Where there is a will, a way will be found.
Governance: We need a government structure that prioritizes service over hierarchy. The pyramid-style, top-down governance must be replaced with a collaborative system where inter-ministerial and inter-agency cooperation becomes the norm. Government exists to serve the people, not to rule them, and that mindset needs to change. Clear accountability and streamlined service delivery can transform how people interact with government institutions.
If we commit to these changes with a long-term, 12-year (or three political cycles) plan, we can create an economic environment that fosters sustainable growth and provides a catalyst for even greater development.
How has Kawai Technologies impacted both public and private sectors of the Nigerian economy?
Kawai works tirelessly behind the scenes to ensure the engine of growth remains in constant motion. An economy isn’t just bridges, factories, highways – those large, visible structures— it’s the activity and coordination that bring these into being. At Kawai, we like to think of ourselves as an essential lubricant for growth, quietly and efficiently getting the job done.
Kawai has played a key role in numerous project and infrastructure developments, ensuring that the resources and logistics required to bring them to fruition are seamlessly delivered. Recently, we’ve expanded into the power sector, focusing on ensuring critical assets across the country have reliable power to serve their respective populations.
Additionally, I am privileged to sit on cross-sectoral boards that include private sector participants, public sector regulators, and industry associations. This gives me a unique vantage point to view the economy through multiple lenses, each with its own motivations and drivers. This perspective equips Kawai with deep insights into what works, where, and how, enabling us to craft robust and tailored solutions that set us apart from others in our operating domain.
Kindly share with us a list of past awards and recognitions attributed to your leadership and advice on how more award-winning CEOs can emerge in the country.
Over the years, we have been honoured to receive recognition for our work. Some standout accolades for Kawai include being listed among the Financial Times’ Fastest Growing Companies in Africa for two consecutive years, as well as earning a Bb credit rating from Agusto in 2021—a milestone we were immensely proud of, especially as it was our first time out in the market.
However, what matters more to us than the recognition we have received is the impact we have been able to make. Kawai is proud to have donated 3D printers to four universities in Lagos State in collaboration with the Lagos Chamber of Commerce & Industry. We have a long- standing, six-year sponsorship of the University of Lagos Engineering Department through the annual PAADC national business competition, with the latest edition set for this December 17th. Additionally, we support the Afara Bridge Program, which helps students transition from university to the workforce. On a personal note, I have also had the privilege this past year of mentoring the next generation of entrepreneurs under the Lagos Innovates program of the Lagos State Employment Trust Fund.
For us, the deeper meaning lies in giving back to the community we are a part of, ensuring that our success contributes to the growth and development of others.
