Visionary CEOs that shaped Nigeria’s economic landscape in 2024 (5)

AHMED OLANIYI bin SALAWUDEEN: Frontline Global Business Leader of Excellence, Creating Enduring Value for Clients, Partners, Stakeholders, Worldwide

He is a household name in the Nigerian business community, a reputed. Real Estate Investment Adviser and successful Chartered Insurance Practitioner with a track record spanning over four decades in the global Insurance Industry. A philanthropist par excellence, Professor Ahmed Olaniyi bin Salawudeen, FIIN, FCIB, FCALM, P.D, ACII (London), is equally an energetic leader with first class communication skills and a passion for impacting society through sustainable development. He is the President and Chief Executive Officer, Standard Group Holdings (SGH) – an award-winning diversified multinational holding company. Globally, the Group’s specialized intermediary services in insurance and property have facilitated a nine-figure annual turnover on behalf of clients and investors.

Among the companies under the SGH umbrella are Standard Insurance Consultants Limited – a top-tier Insurance Broker, SICL Reinsurance Brokers Limited – a specialist Reinsurance outfit, and Signature Global Real Estate LLC (SGRE) – a multinational Real Estate Brokerage and Property Management Company based in Dubai, United Arab Emirates.

Referred to as “the Dean of Insurance Broking in Nigeria”, Prof. Salawudeen is a frontline leader in the placement of various types of insurance risks including but not limited to Oil & Gas, Aviation & Space, Special Risks (Kidnapping & Ransom), Marine Hull Cargo, Protection and Indemnity, Construction/Operational, Agriculture, Life and Pension. Clients in the private and public sectors oftentimes rely on his wealth of experience and expertise on Insurance, Reinsurance, Loss Adjusting, Claims Management, as well as guidance in Emerging Market Developments and execution of Strategic Initiatives.

A graduate of the College of Insurance, Surbiton, Surrey, England, Prof. Salawudeen qualified as a Chartered Insurance Practitioner in 1976. He is an Associate Member, Chartered Insurance Institute of London, and holds Fellowships from the Chartered Insurance Institute of Nigeria, Commonwealth Academy of Leadership and Management, as well as Nigerian Council of Registered Insurance Brokers. Having successfully completed his thesis, he was conferred with a Doctor of Management Degree with Specialty in Insurance by the Commonwealth University, Belize.

For four consecutive years, in 2017, 2018 and 2019, Prof. Ahmed bin Salawudeen was honoured among other distinguished international personalities with the “World Leader Businessperson” Award by the World Confederation of Businesses (WORLDCOB). He is a Member, Global Club of Leaders and Honourable Member, European Business Assembly (EBA), having fulfilled all the necessary requirements under the auspices of The Socrates Committee in Oxford, United Kingdom. In addition, he is the Chief Property Investment Adviser for Signature Global Real Estate LLC – a licensed property broker certified by the Dubai Real Estate Institute under the supervision of the Government of Dubai.

He was featured in the Dubai Expo Commemorative Edition of Titans of Africa – a publication by the UAE Africa Networking Group. The report profiled iconic accomplishments and success stories of 25 prominent Africans in the UAE. As a result of the innovative ideas and tremendous achievements he brought to bear in presiding over many successful businesses in and outside Africa, Prof. Salawudeen received a Lifetime Achievement Award of Excellence at the FIN-Forbes Africa UAE Trade and Investment Forum on 21^st November 2021 in Dubai. That same year, he was appointed as the Nigeria WORLDCOB Ambassador at The Bizz Hybrid Awards held at St. Regis, Doha, Qatar on 23^rd, November.

In recognition of his academic strides, he was bestowed with an honorary professorship by the academic Union Oxford (AO) for: “His role in uplifting professional and ethical standards in broker/insurer relationships, support for systematic continuous professional development (CPD) programmes in insurance, grooming of generations of executives, and championing of the economic role that risk carriers play in national prosperity”.

His personal goal is to be associated with the growth of sustainable businesses by providing exemplary services and exceeding the expectations of clients and peers.

A pious Muslim, doting family man and respected community leader, Prof. Salawudeen is a recipient of the highest honour given to the Faithful by the Ansar-ud-Deen Society of Nigeria – an international charitable organization, for his contributions to the spread of Islam in Nigeria.

In recent years, Standard Group Holdings has pursued a successful strategy of international expansion with the United Emirates as a focal point of the Group’s business, especially in the Real Estate Sector. The company is also gaining a foothold in Angola and Indonesia, amongst others.

It then comes as no surprise that Professor Ahmed Olaniyi bin Salawudeen, for the fourth time, has been recognised by The Guardian as One of the ”100 Visionary and Transformative CEOs That Shaped Nigeria’s Economic Landscape In 2024”.

Reacting to this development, the renowned insurance and re-insurance guru noted that “The greatest passion that has influenced my career journey and business success is borne out of resilience and commitment to doing the right thing at all time. Thus, if you want to be successful not only in the short term but forever, be diligent and truthful. As a business leader, my word is a bond. This principle has brought me this far.

In addition to my principle of doing it “Right the first time at all times”, I strongly believe that as an insurance solutions provider, we owe a lot of obligations to our mutual clients by providing excellent professional services by ensuring that: Claims are professional processed through our claim Administrator and ensure that in case of an insured event happened, claims are settled properly in the best interest of our clients. Similarly, our clients’ insurances are placed with financially secure Risk Carriers that will honour their obligations under the terms and conditions of their respective insurance policies. Furthermore, I believe strongly in the principle of professionalism and ensure that we comply strictly with the rules, Regulations and Acts of Insurance as provided by the regulator, NAICOM.

At SICL, we take our clients as partners in progress. I believe if our clients are successful, that equals our success, as a company. Therefore, we do not see our clientele as a third party, but as a strategic partner with a symbiotic relationship. We are committed to improving the impact of the Insurance Industry on the nation’s economy by bringing innovative products to the insurance market space. Our product offerings cut across all the major sectors of the economy from Oil and Energy, Marine and Aviation, Banking and Finance, Agriculture, Mining and Construction.

Furthermore, SICL is presently working with financially secure underwriters to bring in more innovative products to the Nigerian insurance market. Some of such products include: Kidnapping and Ransome Insurance – a specialized product that will provide financial protection and support in the event of kidnapping and ransom situation. We are packaging this in conjunction with one of our foreign technical partners at Lloyds in London.

Secondly, we have developed Medical Insurance in view of the importance of quality healthcare to the nation’s well-being – the Oraclemed Health Plan with our technical partner in South Africa, while the third is Mortgage Protection Insurance, an innovative product usually taken on the life of the borrower to protect the mortgage lender. The product guarantees the payment of the outstanding balance of the loan given by the Bank.

As we speak, there are a number of exciting projects in the pipeline to boost the image of the Insurance Industry such as the ongoing digitalization scheme. Over time, we realized that digitalization of our business operation is key particularly as technology advances daily. At the moment, our vision is to enable the insuring public to purchase all forms of insurance products online seamlessly and also provide a Digital Claim Administration process to ensure faster claims settlement to their benefit. Our aim is to bring the insurance service closer to our clients by enabling them to purchase all forms of insurance products, online.

As a leading player in the Insurance and Reinsurance Industry, SICL has cemented its presence globally with a strategic network of offices across Nigeria and beyond. Our strong commitment to delivering top-notch services and fostering strong relationships has led us to an extensive outreach programme of opening more offices in the international arena with our representative offices in Ghana, Gambia and Angola. Outside Africa, we have offices in Dubai (UAE), and  Indonesia with partners in London and China.

At SICL, we believe in building bridges, not boundaries. Our expanding global presence is a testament to our dedication to delivering exceptional services and creating lasting value for our clients, partners and stakeholders worldwide.”

Speaking on Standard Group Holding’s success story, its cutting-edge advantage, growth trajectory and how the company has been able to earn the trust of clients and shareholders, the highly influential serial entrepreneur stressed that “Running a successful business in Nigeria is an arduous task. Nonetheless, at Standard Insurance Consultants we started over 44 years ago on a very sound foundation, still waxing stronger and Insha Allah by next year June, we shall be rolling out the drums to celebrate our Forty-fifth (45^th) Anniversary.

The basis of SGH’s success story and how it has been able to earn the trust of its clients locally and internationally is based on the pillars of Trust; Integrity; Strategic Selection of Underwriter/Risk Carriers; and Remittance of Premium to Risk carrier/ Underwriter.

Unequivocally, our brand stands strongly on the principles of integrity, trust and a high level of professionalism in the ability to deliver on promises. However, the hallmark of our business innovation approach is encapsulated in our digitalisation strategy. We have in place a robust digitalization of our business operation process as a key innovative strategy. In this fragile and uneven period of global recovery and as technology is advancing daily, we at SICL came to the realization that for better service delivery to our customers investing in technology is the way to go.

We also have in place training as a strong innovative strategy to combat any changes that may impact our line of business. Our employees are exposed to the best in terms of human capital development. All these innovative trends hold the drive for SICL development growth initiatives to boost our investment in the Insurance Industry, as we intend to turn these trends into an opportunity by focusing on people-centric solutions.

Basically, in the major economies of the world, the Insurance Sector has a major impact on business productivity and growth. In like manner, economic growth also has a significant impact on the demand for insurance services.

Thus, SICL’s contribution to Nigeria’s economy includes but not limited to the following:

First, we considered insurance as an enabler of economic activity by offering space for businesses to operate effectively and support an organization’s business continuity plan without which an advanced economy could not function. Second, at SICL we provide a source of employment to the economy of Nigeria. Thirdly, as a corollary to the provision of employment, we also support the economy in Human Capital Development, through training of staff locally and internationally.

Although the Insurance Industry can probably not claim to be the magic wand of economic growth, it is certainly a lever for growth that could be pulled harder for the country’s economic development.”

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 OLUFEMI BAKRE: A Portrait of Transformational Leadership, Indubitable Cerebral Business Strategist, Award-Winning Institutional Banker of International Repute

Dr. Olufemi Nojeemdeen Bakre is a highly accomplished professional with a distinguished career spanning over 35 years in the banking industry. He is a visionary leader with exceptional experience in various aspects of banking, including Institutional Banking, Credit, Operations, Public Sector, Corporate, Commercial & Retail Banking, and Customer Relationship Management.

Since May 2020, Olufemi has served as the Managing Director and Chief Executive Officer of Parallex Bank Limited – a licensed regional commercial bank, where he is utilizing his wealth of experience and transformational leadership to build a world-class financial services institution.

Olufemi began his career in banking at MBC International Bank, where he rose to the position of General Manager. After the acquisition of MBC by First Bank in 2006, he became the Group Head of Multilateral, Financial Institutions, and Global Custody, where he initiated and delivered the First Bank China Representative Office, amongst other award-winning achievements.

In 2011, he joined First City Monument Bank as the Executive Director in charge of Institutional Banking (Public Sector, Financial Institutions & Multilateral Business), where he was responsible for business development and building a resilient institutional banking business across Nigeria. In 2013, he was appointed Executive Director, Lagos and Southwest regions, where he provided strategic business leadership and direction across a network of over 100 branches in the bank.

In 2015, he was appointed as the Executive Director of Corporate & Institutional Banking in the United Kingdom and Nigeria, a position he held until March 2020. During this time, he delivered several cross-border revenue-enhancing initiatives for the bank.

Under his leadership at Parallex Bank, Dr. Bakre has continued to garner recognition for his exceptional contributions to the banking sector. In 2023, he was named one of Nigeria’s “Fifty (50) Most Inspiring and Definitive Top CEOs In 2023” by The Guardian. He also received the prestigious “Banker of the Year In 2023” from both Daily Sun Awards in 2023 and Global Excellence Awards in 2024. Furthermore, his influence extends beyond Nigeria, as evidenced by his accolade as one of Africa’s Most Respected CEOs, awarded by The Business Executive in Kenya in August 2024. These awards are a testament to his commitment to excellence, innovation, and leadership in the African banking industry.

Olufemi holds a Bachelor’s and Master’s degrees in Banking & Finance from the prestigious University of Lagos, Nigeria. He is also a member of several professional bodies, including the Chartered Institute of Bankers of Nigeria (CIBN), the Association of Enterprise Risk Management profession, the Chartered Institute of Securities & Investment (MCISI) United Kingdom, Corporate Governance & Strategic Operations Management, Institute of Government Research & Leadership Technology, Institute of Data Processing Management of Nigeria, Direct Marketing Association of Nigeria, Nigeria Institute of Management, and Bank Directors Association of Nigeria. He is also an Honorary Fellowship Member (FCIB) of the CIBN and a member of the Strategy and Advocacy Committee of the Institute.

Olufemi has participated in several executive management programs locally and offshore at leading financial institutions, focusing on leadership, strategy, management, and digital innovation. “Mayor” as he is fondly called is an advocate of technology and digital innovation as a tool for driving change in the industry, and he is passionate about providing platforms for the development of young leaders through mentorship, job opportunities, youth empowerment, and leadership grooming.

In recognition of his exceptional and invaluable contributions to the banking industry and exemplary leadership, Olufemi Bakre has been conferred multiple honorary degrees, including a Professional Doctorate from the City University of Paris and a Doctor of Philosophy in Business Administration from Prowess University, Delaware, USA. These honours underscore his unwavering commitment to excellence and his dedication to advancing the industry.

Olufemi is also a philanthropist who is happily married, loves reading, playing table tennis, listening to music, traveling, and dancing during his spare time.

In this brief chat while reacting to his recognition by The Guardian as one of the “100 Visionary and Transformative CEOs That Shaped Nigeria’s Economic Landscape In 2024”, Dr. Olufemi Bakre spoke about his professional background, career journey, the strategic corporate vision of Parallex Bank Limited and its seamless digital solutions and innovative financing models, milestones that the bank has achieved, as well as his opinion on the best way to deal with the current biting economic downturn, amongst other issues. Excerpts ….

How would you describe the nexus between the strategic corporate vision of Parallex Bank Limited and the milestones the organisation has accomplished in recent years?

At the inception of the bank, our vision was clear and this is to redefine the banking experience and create unparalleled value for all stakeholders. This has been the driving force and catalyst to the modest achievement we have recorded to date across all performance indices such as profitability, robust balance sheet size, return on investments etc which are all testament that our vision properly aligns with our business model and principles.

Our customer base is growing by the day which underscores our commitment to creating unparalleled value for customers via innovation, tailor-made products, and financial inclusion to all strata of the economy.

Apart from Integrity, what other unique attributes can you say about the Parallex Bank brand in terms of innovation, cutting-edge advantage, and the industry?

Parallex Bank distinguishes itself in the industry through its agility, speed of decision-making, customer focus, and technological innovation. We have embraced digital transformation as the foundation of our operations, exemplified by the development of cutting-edge products like our mobile and internet banking platforms tailored to meet the diverse needs of our customers. Our customer-first philosophy ensures personalized, seamless experiences, while our commitment to financial inclusion allows us to extend banking solutions to underserved communities. Moreover, our culture of excellence, supported by a team of highly skilled professionals and a forward-thinking leadership, positions Parallex Bank as a transformative force in Nigeria’s banking sector.

As a fast-growing Nigerian financial company, what other areas of transformation are expected in Parallex Bank’s operations, product offerings, growth trajectory, community relations, and CSR activities?

The next phase of transformation at Parallex Bank is centred on expanding financial inclusion and driving economic empowerment. Our product offerings will prioritize seamless digital solutions and innovative financing models that cater specifically to small and medium enterprises (SMEs). In addition to our existing mobile app, customers can now enjoy streamlined banking services on our corporate mobile app and internet banking platforms.

On our growth trajectory, we aim to acquire 500,000 new customers by the end of Q1 2025. We are also consolidating our sustainability efforts, with a strong focus on the education sector, which we believe serves as the foundation for sustainable development. These initiatives reflect our unwavering dedication to creating shared value for society and reinforcing our role as responsible corporate citizens.

Meanwhile, according to a reliable expert report, economic growth in Nigeria slowed from 3.3% in 2022 to 2.9% in 2023 due to high inflation and sluggish growth in the global economy. What do you consider as the lesson(s) to be learned given the current situation and the need to sustain the nation’s economy?

The slowdown in economic growth underscores the urgent need for diversification, innovation, and fiscal discipline in Nigeria. For businesses, the key lesson is resilience and adaptability. At Parallex Bank, we are leveraging technology and introducing innovative financial products to support sectors that drive inclusive growth, particularly SMEs and agriculture. To sustain the economy, there is a need for collaboration between the government and private sector to foster an enabling environment for investment, reduce import dependency, and promote local production. Additionally, addressing inflation through effective monetary and fiscal policies including strategic fiscal interventions is crucial for long-term economic stability.

Personally, what would you consider as the toughest decision that you ever made, and the lesson(s) learned?

I have faced numerous tough decisions throughout my life. Ironically, the toughest decision in recent years was the easiest: accepting the role of MD/CEO of Parallex Bank. It was an easy decision because it represented a remarkable opportunity to reach the pinnacle of my banking career. However, it came with significant challenges, as expected with steering a new bank.

The journey has been marked by highs and lows, but we give God the glory for the strength and wisdom to navigate through. It has been a profound learning experience—harnessing talents, embedding a unique culture, and overcoming challenges to ensure the bank remains on an upward trajectory. This journey has deepened my belief in the power of collaboration, a principle I hold dearly. As the popular saying goes, “If you want to go fast, go alone. If you want to go far, go together.”  Also imperative to know that there is no elevator to success, you have to take the stairs.

Today, I am deeply grateful that, in less than three years, and against initial projections, Parallex Bank is cruising on a profitability trajectory.

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HABEEB OKUNOLA: Transformative Business Strategist, Pioneering Home-Grown Innovative Solutions, Committed To Delivering Exceptional, Timely, Successful Energy Projects Across Sub-Saharan Africa

High Chief Habeeb Olalekan Okunola, OFR, MON, FICA, the Group Managing Director/CEO of TILT Group, is one visionary business leader whose vision is in complete alignment with National Development Plan and who has since inception guided his company’s rapid growth from being a local company to a multinational consortium. His company, TILT Group is a leading multi-million dollar diversified Nigerian conglomerate working globally in a vast range of fields. With its all-encompassing subsidiary companies which are proof of its diversity and far-reaching potential, TILT Group confidently carries out its role as an international solutions provider in sectors such as construction, energy, oil and gas, agriculture, marine, technology and media, amongst others.

Chief Habeeb Okunola, the Akosin of Yorubaland and Aare Tayese of Iseyinland, is a dynamic entrepreneur and philanthropist whose accomplishments were crowned in 2019 having won the ‘Excellence in Business Leadership and Community Development’ award at the Pan-African Humanitarian Summit and Awards (PAHSA) held in Abu Dhabi. This was in recognition of his quintessential business leadership, a clear acknowledgement of his forward-thinking business acumen, and his significant achievements in humanitarian initiatives, as well as socio-economic development.

According to him, “TILT Group’s origins and mission started with construction in 2009 and right from the beginning subjected itself to towing the path of global best practices, as well as giving serious attention to the impact of its projects in the communities it works in, and by keeping its operations environmental-friendly. No fewer than 80 communities and 3,000 underserved Nigerians have been impacted through TILT Group’s CSR activities which cut across education, financial inclusion, prison and security reforms, humanitarian emergencies.”

The Group has incorporated diversification as its driving principle in growing the nation’s economy and in the provision of sustainable development solutions. Client-focused with a reliable and proactive business approach, TILT Energy – a subsidiary within the Group, is an integrated energy company servicing the international oil and gas industry. Its mission is to provide solutions to energy projects through the implementation of innovative technology, competitive tendering, professional management and an outstanding safety record.

With its commitment to delivering exceptional quality and timely successful energy projects, TILT’s strategic role within the oil and gas industry focuses upon providing a wide range of specialized solutions including local construction of class-certified vessels, installation of pipelines, the engineering and fabrication of process equipment, providing gas compression services for the oil and gas sector and E&P products and services.

With a mission to becoming a leading integrated company in sub-Saharan Africa over the next few years, TILT Energy also understands the importance of diversification and is also set on becoming an essential and quality solutions provider in the renewable energy industry but also understands the importance of the opportunity and growth that lie in Nigeria’s future as gas hub.

High Chief Habeeb Olalekan Okunola is one of the “100 Visionary and Transformative CEOs That Shaped Nigeria’s Economic Landscape In 2024”, recognised by The Guardian. In this brief chat, he gave an insight into the strategic corporate vision of TILT Group, the milestones that the company has achieved, its progressive partnerships in the delivery of the SDGs in Nigeria, as well as his opinion on what should be done to put the country’s economic development back on track, amongst other issues. Excerpts ….

How would you describe the nexus between the strategic corporate vision of TILT Group and the milestones the organization has accomplished in recent years?

The success of TILT Group is firmly rooted in its strategic vision, which is centred on building a legacy of excellence, innovation, and transformative value. This vision underpins every initiative, from its operations to its stakeholder engagements, enabling the Group achieve impactful milestones across critical sectors such as energy, construction, and technology. By prioritising solutions that address Nigeria’s developmental needs, TILT has executed high-profile projects, including the fabrication of marine vessels for the Nigerian Navy, construction of critical infrastructure like schools and healthcare centres, and large-scale energy transmission systems. These achievements exemplify how a clearly defined vision, combined with operational efficiency, translates into tangible progress, not just for the organisation but also for Nigeria’s socio-economic development.

Furthermore, in complete alignment with the government’s initiatives of local content and in endorsing its “Year of Gas” vision and mission, TILT Energy is dedicated to the cause of providing reliable and competitive products, services and solutions to the Oil and Gas sector as a means to boost national economic growth, and it is that lies the secret of the Group’s abounding success.

At the moment, we are one of the fastest-growing indigenous companies in Africa and our aim over the next 20 years is to ensure we are a major player in the International Oil Company Service.

TILT Construction, the civil engineering-focused subsidiary of the Group, has successfully executed over 700 civil infrastructure, heavy industrial and building projects across the six geopolitical zones of Nigeria leveraging global best practices, as well as giving serious attention to the impact of projects in communities where we work and on the environment by keeping our operations environmentally friendly.

As a progressive partner in the delivery of the SDGs in Nigeria, TILT has carried out major construction of schools, primary healthcare centres, stadia, amongst other structures in different parts of the country. In this regard, for the TILT Group, the SDGs have become central to our sustainability operations. We have made SDG 9, 11 and 17 central to our sustainability strategy by integrating circular economy principles into all our activities, as well as helping create smart cities by using smart technologies to help cut carbon, increase resilience and improve quality of life.

Thus, dedicated to implementing global best practices in business and humanitarianism, TILT accomplishments are visible through our unflinching commitments to development initiatives and active membership in the SDGs Private Sector Advisory Group. They have implemented numerous philanthropic activities in underserved rural and displaced communities in Nigeria and Benin Republic with a view to improving healthcare promoting quality education and female empowerment and enhancing financial inclusion, amongst other issues.

So far, no fewer than 5,000 out-of-school children have been provided with scholarships up to tertiary level, more than 700 youths have been offered SME grants and over 1500 low-income women uplifted from the threshold of poverty through its financial inclusion programme ‘She Saves Nigeria’.

Although TILT Group is propelled by its sweeping global innovative outlook, it is also deeply committed to casting an inner glance at growing and supporting the nation through the promotion of local content. We have proven ourselves as an indigenous company to reckon with by pioneering what is being done in the Western world here in Nigeria: using home-grown talents and locally sourced materials.

Apart from Integrity, what other unique attributes can you say about the TILT Group brand in terms of innovation, cutting-edge advantage, the Industry, as well as the nation’s economy, as a whole?

As one of the leading Nigerian multinational conglomerates, with a high level of astuteness, our business operations are anchored in Trust, Integrity, Loyalty, and Transparency (TILT). These values shape our professionalism and allow us to navigate complex markets with precision, ensuring sustainable growth and operational excellence.

Beyond its hallmark of integrity, TILT Group’s success story and growth trajectory stems from our relentless commitment to innovation, collaborative spirit and excellence. We adapt swiftly to industry shifts, invest in cutting-edge technologies, and build strong partnerships. Our reputation for timely, efficient project execution has earned us the trust of clients and shareholders, fueling steady growth and positioning us as an industry leader. Apart from Integrity, our brand thrives on adaptability, propelled by a robust Research & Development team that ensures alignment with global trends and best practices.

TILT’s partnerships with international powerhouses such as Schneider Electric (France), ARC I (Turkey), and Nautic (South Africa) further illustrate our unique position as a conduit between global expertise and local opportunities. These collaborations have allowed the Group to address Nigeria’s infrastructure gaps, foster job creation, and advance skills development; contributing significantly to national economic growth and positioning Nigeria as a viable player in the global market.

As a leading Nigerian conglomerate, what other area of transformation is expected in TILT Group’s operations, product offerings, growth trajectory, community relations, and CSR activities?

TILT Group’s transformation agenda continues to evolve, with several promising areas of focus. In operations, the Group aims to expand its renewable energy projects, contributing to Nigeria’s energy transition while addressing climate change. Digitalization and smart technologies are set to redefine the efficiency of its services, as the Group explores artificial intelligence and sustainable agricultural solutions to diversify its portfolio further.

On the community relations front, TILT remains committed to its robust CSR framework, emphasizing impactful interventions such as building schools, healthcare facilities, and recreational centres. These initiatives not only uplift local communities but also reinforce TILT’s ethos of inclusive development. Growth-wise, the Group aspires to enhance its regional and global footprint while maintaining its identity as a proudly indigenous enterprise, fostering prosperity that resonates across generations.

As a key stakeholder in Nigeria’s private sector, what steps are to be taken in the immediate in order to put the country’s economic development back on track?

The current economic slowdown underscores the need for resilience, innovation, and diversification in Nigeria’s growth strategy. One critical lesson is the importance of reducing dependence on oil revenues by channelling investments into agriculture, technology, mining and manufacturing – sectors with immense potential for value creation and employment generation.

Another takeaway is the significance of strengthening local production capacities to reduce reliance on imports, fostering self-sufficiency in essential goods and services. Simultaneously, policies aimed at curbing inflation and improving fiscal discipline are vital to stabilizing the economy.

Public-private partnerships also offer a powerful mechanism for unlocking infrastructural development and driving innovation. The overarching lesson is clear: Nigeria’s economic future depends on proactive, sustainable strategies that embrace diversity, technology, and collaborative growth models.

Thus, to revitalize Nigeria’s economic trajectory, three pivotal actions must be prioritized. These include infrastructure development to accelerate investments in energy, transportation, and digital infrastructure to boost productivity and attract both local and foreign investments.

Secondly, government both at the national and subnational levels must implement business-friendly policies, streamline regulatory frameworks, and promote financial inclusion to empower small and medium enterprises (SMEs) — the backbone of economic growth.

Lastly, there is a need to foster synergies between the government and private sector to unlock innovation and efficiency in key areas such as agriculture, technology, and healthcare. In addition, strengthening human capital through targeted education and vocational training programs is imperative to equip the workforce with future-ready skills.

TILT Group is already championing these measures, leveraging its expertise and partnerships to address critical gaps and drive sustainable growth. By taking these steps, Nigeria can build a resilient, inclusive economy that capitalises on its vast potential while withstanding global uncertainties.

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 Mr. Gabriel Ibanga: A Quintessential Builder, Making Comfort Homes and Properties A Signature of Quality and Value.

In the real estate industry, the name of investment advisor Gabriel Ibanga is recognizable as a symbol of knowledge and commitment. Gabriel Ibanga, the founder and CEO of Comfort Homes and Properties Ltd, has led the charge to make real estate investing simple and available.

From studying telecommunications science to becoming a well-known financial advisor, CEO, and founder in the real estate industry. Gabriel’s path demonstrates his unwavering vision, passion, and drive to change the world of real estate.

In response to the Guardian’s recognition of him as one of the 100 visionary CEOs with exceptional business acumen that shaped Nigeria’s economic landscape in 2024, Mr Gabriel Ibanga speaks about his passion for excellence, innovation, challenges and solutions for growth in the nation housing industry, and other pertinent issues. Excerpts…

Professional background?

I have a diverse professional background that blends media, business consultancy, and entrepreneurship. For the past four years, I’ve been running Comfort Homes and Properties Limited, a real estate brokerage firm that has grown through innovative marketing strategies using both social and traditional media. Additionally, am also a PR expert in terms of real estate business, helping new companies unleash the potential of their venture.

Strategies in expanding Comfort homes and properties limited portfolio

Our expansion strategy has been built on trust, transparency, and leveraging technology. We prioritize understanding client needs and ensuring a seamless experience from inquiry to purchase. We’ve also embraced digital tools to market properties effectively and partnered with reputable developers to expand our offerings. Maintaining a strong online presence has allowed us to reach wider audiences and create a solid brand reputation.

Nigeria currently has a housing deficit of over 22 million units. How do you think the imbalance in supply and demand of housing can be bridged?

Bridging the housing deficit requires a multi-pronged approach. First, the government must create enabling policies that encourage private-sector participation in affordable housing. Second, reducing the cost of building materials by incentivizing local production can make homes more affordable. Finally, innovative financing solutions such as rent-to-own schemes and mortgage subsidies can make housing accessible to a larger population.

Given the harsh economic realities and the high rate of poverty in the country, is housing really affordable in Nigeria compared to the rest of the world?

Housing affordability in Nigeria remains a challenge due to high construction costs, limited mortgage options, and inflation. Compared to developed nations with robust financing systems, Nigeria’s affordability gap is significant. However, solutions like modular housing, public-private partnerships, and low-cost housing projects can help bridge this gap. It’s also crucial for stakeholders to prioritize affordability without compromising quality.

Challenges of home financing in Nigeria, and way forward?

The primary challenges include high-interest rates, limited access to long-term mortgages, and a lack of trust in financial institutions. Many Nigerians cannot meet the stringent requirements for home loans, which exacerbates the housing deficit. To address this, we need to explore alternative financing models like micro-mortgages, cooperative housing schemes, and policies that support lower interest rates for home loans.

How can public-private partnerships foster economic growth?

Public-private partnerships (PPPs) can bridge gaps in infrastructure and housing by combining government support with private-sector efficiency. For example, the government can provide land and policy frameworks, while private developers handle construction and project management. This synergy can create jobs, reduce housing deficits, and contribute to economic growth. At Comfort Homes, we’re open to collaborating on projects that benefit both the economy and the communities we serve.

Navigating market changes amidst evolving government policies?

Adaptability is key. We stay informed about policy changes and adjust our strategies accordingly. For example, we’ve diversified our portfolio to include more affordable housing projects to meet market demand. We also engage with industry stakeholders and policymakers to anticipate shifts and remain proactive. This approach has helped us maintain stability and growth despite the uncertainties.

Projections for the years ahead in terms of portfolio expansions?

In the coming years, we aim to expand into new regions and tap into untapped markets within Nigeria. Our focus will be on developing more affordable housing options and leveraging technology to improve customer experience. Additionally, we plan to partner with international investors to introduce innovative real estate solutions that align with global standards.

Advice for aspiring CEOs?

Stay adaptable and never stop learning. Surround yourself with a strong team that complements your vision, and always prioritize integrity and excellence. Embrace technology and remain innovative in problem-solving. Finally, remember that success is not just about profits but also about the positive impact you create for your community and stakeholders.

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BRIGHT CHIMEZIE: Visionary Business Leader of Excellence, Fostering Sustainable Growth, Addressing Societal Needs, Delivering Stakeholders’ Value

Dr. Bright Chimezie, MBA, Dr.ICRMP, FCILRM, Dsc, LBS, NIMN, is a trailblazing entrepreneur and the Group Managing Director of Brit Holdings, where his innovative leadership has revolutionized Nigeria’s real estate sector and expanded into multiple industries. A visionary leader, he has built Brit Holdings into a conglomerate that addresses societal needs, fosters sustainable growth, and delivers stakeholder value.

An alumnus of Ladoke Akintola University of Technology, Dr. Chimezie began his career at Leadway Assurance, where he rose to Agency Manager. This experience honed his leadership and strategic skills, laying the foundation for his entrepreneurial success. He went on to establish Brit Properties, a market leader renowned for affordable land sales, flexible payment options, and land investment schemes. Under his leadership, Brit Holdings has diversified into subsidiaries such as Brit Transport, Brit Academy, Brit Agro, Brit Security, Brit Oil and Gas, Brit Cooperative, and more, delivering innovative solutions across industries like transportation, education, and agriculture.

Dr. Chimezie’s commitment to team empowerment has resulted in building a marketing force of over a thousand professionals nationwide. He fosters a culture of transparency, knowledge sharing, and customer-centric operations, making property ownership more accessible and earning client trust.

His achievements have garnered widespread recognition, including the “Affordable Property Development Company CEO of the Year” at the 2023 Real Estate Excellence Awards. Dr. Chimezie holds an Honorary Doctor of Science in Business Management and Corporate Leadership (Honoris Causa) from the European-American University and a Professional Fellowship Doctorate from the Institute of Chartered Economists of Nigeria. He is also a Certified Risk Management Professional and a Doctoral Fellow of the International Certified Risk Management Professionals (UK).

Furthering his professional development, he earned a Certificate of Achievement from the China Europe International Business School and completed the 26th Owner-Manager Programme at Lagos Business School. As a Fellow of the Chartered Institute of Loan and Risk Management of Nigeria, he has attended global conventions, including the RiskWorld Conference in San Francisco. His leadership has also been celebrated with numerous awards, such as the Inspirational Excellence Award in West Africa and the Meritorious Service Award from the Association of Registered Insurance Agents of Nigeria.

Deeply committed to philanthropy through the Bright Chimezie Foundation, empowering individuals with scholarships, skill acquisition programmes, healthcare, and mentorship opportunities, Dr. Chimezie’s vision is to create brighter future by nurturing growth and leadership in society.

A devoted husband and father of three, Dr. Bright Chimezie’s life reflects a perfect balance of ambition, compassion, and societal impact. His unwavering dedication continues to inspire, leaving a legacy of excellence and innovation across industries.

While reacting to his Selection and Recognition by The Guardian as one of the “100 Visionary and Transformative CEOs That Shaped Nigeria’s Economic Landscape In 2024”, Dr. Bright Chimezie gave an insight into his professional background, career journey, the strategic corporate vision of Brit Property Nigeria Limited and the milestones that the company has achieved, as well as his opinion on the best way to deal with the current biting economic downturn, amongst other issues. Excerpts ….

How would you describe the nexus between the strategic corporate vision of Brit Property Nigeria Limited and the milestones the organization has accomplished in recent years?

Brit Property Nigeria Limited’s strategic vision centres on becoming the face of affordable real estate solutions in Africa, we are committed to democratizing land and housing ownership in Nigeria while fostering investment opportunities for wealth creation. This vision has led to notable milestones, such as expanding product offerings to include land banking, affordable land ownership schemes, and property development currently underway. Our commitment to customer-centricity and transparency has propelled Brit Properties to become a trusted name in the real estate sector.

Can you give us an insight into Brit Property Nigeria Limited’s product offerings, its success story, cutting-edge advantage, and how the company has been able to earn the trust of both clients and shareholders?

Brit Property Nigeria Limited is a leader in the real estate industry, offering affordable land sales, land investment schemes with guaranteed returns, and modern property development. With innovative solutions like land banking and agricultural land projects, we empower clients to build wealth and achieve homeownership.

Our success stems from launching multiple thriving estates and making strategic investments in high-growth locations. Combining customer-focused innovation, flexible payment plans, and digital technology, we ensure seamless transactions and excellent service delivery.

Trust and transparency are the cornerstones of our operations. We consistently fulfil promises, timely delivery on quality, and provide secure, accessible documentation. By empowering customers and fostering long-term relationships, we have earned the loyalty of clients and shareholders alike.

Brit Properties is committed to redefining real estate through integrity, innovation, and sustainable growth, creating value for individuals and contributing to national development.

Apart from Integrity, what other unique attributes can you say about the Brit brand in terms of innovation, target clientele, and the industry?

Brit Properties stands out in the real estate industry with innovative solutions designed to meet the needs of individuals, families, and the often-overlooked masses. The company offers flexible payment plans and affordable property options, ensuring that everyone, regardless of income level, can access land ownership. By addressing gaps in investment opportunities for the larger majority, Brit Properties provides a platform for wealth creation. With simple processes and clear communication, the brand remains a trusted name in making real estate accessible to all.

Personally, what would you consider as the toughest decision that you ever made and the lesson(s) learnt?

One of the toughest decisions I’ve made especially within the last one year and in the phase of the economic challenges was letting go of some members. It was particularly difficult because I had invested time and resources in their training and development, and they had become integral to the team. The decision weighed heavily on me as I understood the impact it would have on their lives but it appeared there was no way around it.

The key lesson is that leadership balances empathy with sustainability, requiring transparent communication, proactive planning, and resilience to ensure organizational growth while minimizing difficult sacrifices.

According to a reliable expert report, economic growth in Nigeria slowed from 3.3% in 2022 to 2.9% in 2023 due to high inflation and sluggish growth in the global economy. What do you consider as the lesson(s) to be learnt given the current situation and the need to sustain the nation’s economy?

The economic slowdown highlights the importance of resilience, diversification, and strategic partnerships. Businesses must adapt to inflationary pressures by optimizing costs, exploring new revenue streams, and investing in technologies that enhance efficiency. For Nigeria, fostering an enabling environment for local businesses, prioritizing infrastructure development, and addressing inflation systematically are key lessons to sustain economic growth.