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TAJBank’s Founder, Joda Rated 2026 Best Global Islamic Banker

TAJBank Limited’s Founder/Managing Director, Mr. Hamid Joda (left) displaying the plaque of the ‘Islamic Banker of the Year Award 2026’ conferred on him by the Global Islamic Finance Awards (GIFA) organisation while the bank’s Co-Founder/Executive Director, Mr. Sheriff Idi, also displays the bank’s ‘Championship Award (Digital Banking) 2026’ plaque issued at the rating organisation’s 16th annual awards ceremony held in the United Kingdom…recently

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…As Lender Bags Championship Award (Digital Banking)

Cyril Ogar


For his sustained commitment to Islamic banking best practices and people-oriented strategies in deepening non-interest products and services at the grassroots, the Global Islamic Finance Awards (GIFA) organisation has conferred the ‘Islamic Banker of the Year Award 2026’ on the Founder/Managing Director of TAJBank Limited, Mr. Hamid Joda, at the organisation’s 16th annual awards ceremony held in the United Kingdom.


This is even as the GIFA group, the most renowned global organization promoting social responsibility, Shari’a authenticity, and commitment to Islamic banking and finance, also honoured TAJBank Limited with the GIFA Championship Award (Digital Banking) 2026 at the event.


The GIFA Chairman, Prof. Humayon Dar, in a pre-event email sent to the TAJBank’s Managing Director, stated the awards for him and the bank were conferred on them after the GIFA Committee had “considered a number of distinguished nominees in these categories and, after careful deliberation, decided in favour of TAJBank and Yourself based on various factors outlined in the GIFA Methodology.”


Conferring the ‘Banker of the Year Award 2026’ on Mr. Joda, who was represented at the ceremony by TAJBank’s Chief Compliance Officer (CCO), Dr. Muhammad Kabir Muhammad, the Founding CEO of Fajr Capital; Pioneer CEO of HSBC Amanah and a member of the GIFA committee, Dato’ Iqbal Khan, expressed the organisation’s delight in honouring the banker with the award.


Similarly, Iqbal Khan, described the award to TAJBank as well deserved given the parameters set for such awards in the GIFA Methodology.


Commenting on global recognition of his contributions to the global Islamic Banking system, particularly to Nigeria’s through innovative leadership of the TAJBank’s management team, Joda said the awards to him and TAJBank represented a call for “a renewed commitment to Islamic banking practices in the country as we continue to leverage our innovative products and services delivery strategies to ensure that more Nigerians benefit from TAJBank’s offerings on a sustainable basis in the years ahead.


“Let me say that the Global Islamic Banker Of the Year 2026 award is conferred on me but the commendation goes to our Board of Directors, the management and staff of TAJBank as well as our customers, who are creating the enabling environment for my performance. I thank the GIFA Committee for honouring me and TAJBank with the global awards.”


“I want to also thank the regulatory authorities, our shareholders and customers for these awards and promise them that we shall continue to do our best to retain TAJBank as the biggest Islamic Bank in the country by complying with the best ethical banking practices in their best interest, which is the main purpose of our operations”, Joda assured.


Joda, a top banker and Fellow of the Chartered Institute of Bankers of Nigeria (CIBN), has over 26 years of banking experience spanning the broad spectrum of deposit and Islamic banking operations.


In recognition of his professional competencies, many rating organisations have conferred him honours, including the ‘Most Promising Banker of the Year Award by GIFA at its 13th Award 2023 ceremony in Dakar, Senegal; and the 2023 ‘Islamic Personality of the Year Award’ at the 6th African International Conference of Islamic Finance held the same year in Abuja, Nigeria; among others.

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Turning Africa’s Raw Materials Into Wealth: The ARMS 2026 Industrial Agenda

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By Joel Ajayi

For decades, Africa’s vast natural resources have powered industries and economies far beyond the continent, while many African countries have remained largely exporters of unprocessed commodities and importers of finished products.

That familiar pattern is now coming under renewed scrutiny as policymakers, researchers, investors and industrialists seek to change the direction of Africa’s resource economy.

At the centre of that conversation is the second edition of the Africa Raw Materials Summit (ARMS 2026), scheduled for October 19 and 20 at the Abuja Continental Hotel, Abuja, under the theme: “From African Feedstock to African Factories.”

Organised by the Raw Materials Research and Development Council (RMRDC), the summit is being positioned as more than another gathering of policymakers and industry stakeholders. It is intended to provide a platform for confronting the structural challenges that have kept African raw materials largely disconnected from local manufacturing.

Africa has for years operated largely within a “pit-to-port” economic model, exporting raw materials while importing expensive finished products.

Speaking at a press conference ahead of the summit on Tuesday in Abuja, the Director-General and Chief Executive Officer of RMRDC, Prof. Nnanyelugo Martin Ike-Muonso, said the event would bring together policymakers, investors, researchers, technology providers and industrialists to develop practical strategies for transforming Africa’s abundant natural resources into industrial wealth.

The challenge, therefore, is not simply the abundance of resources, but the continent’s ability to transform those resources into industrial value, employment, technology and wealth within Africa.

Nigeria alone, according to the RMRDC, has more than $582.4 billion in documented non-renewable natural resources, while the wider continent possesses substantial deposits of critical minerals, agricultural raw materials and industrial feedstock.

Yet, the benefits of this resource endowment have often been constrained by inadequate processing capacity, weak infrastructure, limited technology, financing gaps and fragmented regional value chains.

From Dialogue to Industrial Action

ARMS 2026 builds on the maiden edition held in May 2025, which attracted more than 1,000 delegates from across the world.

The inaugural summit also witnessed the unveiling of the Ten-Year Raw Materials Transformation Roadmap (2025–2034) by the Minister of State for Industry, Senator John Owen Enoh.

The roadmap was designed around areas including technological capability, climate-resilient processing and backward integration, establishing a policy framework for greater domestic utilisation of Africa’s raw materials.

The second edition is expected to move the conversation further by bringing policy, capital, technology and industrial stakeholders around practical mechanisms for turning raw materials into locally manufactured products.

One of the major proposals highlighted by the RMRDC is the 30 per cent Mandatory Value Addition Bill, which seeks to establish a statutory minimum level of value addition to Nigerian raw materials before export.

The Council says the proposed framework could support job creation, import substitution, foreign-exchange conservation and increased manufacturing contribution to the economy.

Building the Infrastructure for Value Addition

The industrial transformation envisaged by ARMS 2026 goes beyond legislation.

A major concern is the “missing middle” between where raw materials are produced and where factories are located.

Poor transportation networks, inadequate cold-chain facilities, weak rural roads, limited testing and certification infrastructure and border-related delays can make locally sourced materials more expensive and less competitive.

Consequently, logistics and infrastructure constitute one of the five principal pillars of the summit.

The objective is to develop more reliable corridors connecting farms and mines with processing centres and manufacturing facilities, thereby reducing losses and improving the movement of industrial inputs.

The Digital Dimension

Technology is also becoming an important part of the Council’s strategy.

The RMRDC says it has developed the Nigeria Integrated Information Statistical System for Raw Materials and Products (NISSRAMP), described as a digital repository containing information on feedstock deposits, specifications, production outputs and industrial absorption rates.

The Council has also highlighted its transition towards paperless operations and its certification as a Data Controller/Processor of Major Importance by the Nigeria Data Protection Commission.

Such digital infrastructure could provide investors and manufacturers with better information about the availability and characteristics of raw materials while supporting more informed industrial planning.

Turning Waste Into Industrial Inputs

Another major component of ARMS 2026 is the proposed expansion of the circular economy.

The summit will examine how agricultural by-products, mine tailings, scrap metals and biomass can be recovered and reused as inputs for new production processes rather than being treated simply as waste.

The RMRDC argues that such an approach could lower raw-material costs while supporting more sustainable and climate-resilient manufacturing systems.

For Africa, where industrial expansion must increasingly balance economic development with environmental considerations, waste industrialisation could become an important part of the continent’s manufacturing conversation.

From National Production to African Value Chains

The African Continental Free Trade Area is another important element of the summit’s agenda.

The RMRDC sees AfCFTA as an opportunity to create regional value chains in which raw materials sourced in one African country can be processed and supplied to manufacturers in another.

Under such a model, Africa would move beyond simply exporting commodities to external markets and develop stronger internal networks for supplying chemicals, refined minerals, agricultural inputs and other industrial materials across national borders.

This approach places regional integration at the heart of Africa’s industrialisation strategy.

Bridging Research and Capital

A recurring weakness in many developing economies is the gap between research and commercialisation.

Innovations may emerge from universities, research institutions and laboratories without receiving the financing, equipment or market connections required to become commercially viable.

ARMS 2026 intends to address that gap through technology commercialisation and capital linkages, connecting research outputs with investors, development finance institutions and industrial off-takers.

The RMRDC has also cited partnerships with the Bank of Industry for commercial-scale post-harvest processing and a South-South technology-transfer partnership with the National Innovation Centre par Excellence in Shanghai, China.

A Larger Industrial Conversation

The scale of ARMS 2026 is expected to be significantly larger than the maiden edition.

The organisers project more than 1,800 delegates from all 54 African countries and global industrial partners.

The programme will feature high-level policy dialogues, technical panels, an advanced raw materials and technology exhibition, industrial site visits and the African Raw Materials Industry Awards.

The exhibition, in particular, is expected to showcase locally fabricated processing machinery, advanced domestic materials, green chemicals and engineered commercial inputs.

Beyond the speeches and exhibitions, however, the real significance of ARMS 2026 will ultimately depend on what happens after the summit.

Africa’s challenge has never been a shortage of raw materials. The more difficult question has been how to transform those resources into factories, products, skilled employment, technology and sustainable economic opportunities.

For Nigeria and the rest of the continent, the proposed shift from “pit-to-port” to “feedstock-to-factory” therefore represents a broader debate about the future structure of African economies.

ARMS 2026 seeks to place that debate firmly on the industrial agenda — with value addition, technology, finance, infrastructure, circular production and regional trade at the centre.

If the commitments and partnerships generated by the summit translate into measurable industrial activity, the event could provide another platform for Africa to examine how its enormous resource base can support stronger domestic manufacturing.

The message from the organisers is clear: the continent’s raw materials should not only leave African soil as commodities; they should increasingly become the foundation for African industrial production

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