Business
Africa’s Future Depends on Strategic Leadership and Infrastructure” – Odetola Declares at Olin Africa Business Forum

Joel Ajayi
Rising Nigerian policy strategist and youth advocate, Abiola Odetola, has called for a fundamental rethink of governance models and infrastructure development across Africa.
Speaking at the Olin Africa Business Forum 2025, hosted by Washington University in St. Louis, Odetola emphasized that Africa’s long-term economic and social sustainability depends on bold governance reforms that prioritize innovation, inclusion, and strategic infrastructure investments.
The two-day forum, themed “Redefining Africa’s Business Narrative: Thriving Beyond Borders with Sustainable Businesses,” brought together top African professionals, policymakers, and industry leaders to explore key areas such as technology, health, business, and governance. Over the years, the forum has hosted former Presidents, top business executives, and Ambassadors, making it a major platform for shaping Africa’s economic and governance future.
During the Policy & Governance panel, which featured Grace Musoro, CEO of Aquiantz Consulting, and Segun Babalola, Founder/Advisor at the African Chambers of Commerce, Odetola highlighted the transformative power of infrastructure investments. He pointed to Nigeria’s ongoing Coastal Road construction project as a model for how deliberate infrastructure development can unlock economic potential, create jobs, and promote regional trade.
“We cannot build a thriving Africa without a solid infrastructure backbone. The Nigerian government’s Coastal Road project is a demonstration of how deliberate investments in road networks can enhance connectivity, boost commerce, and open up economic opportunities for millions. If replicated across the continent with proper governance oversight, such projects can be a game-changer for Africa’s development,” he stated.
Odetola also used the forum as a platform to challenge graduating MBA students of African descent at Washington University’s Olin Business School to actively contribute to Africa’s development. He urged them to leverage their knowledge, expertise, and networks to drive transformation on the continent.
“Africa’s development will not be a sudden miracle; it will be the result of conscious, strategic input from its best minds, especially in political leadership. If we do not intentionally prepare and position young leaders, we will keep recycling old governance models that no longer serve our future. I challenge every African graduate from institutions like Washington University to find ways to give back, invest in Africa, and shape the policies that will define our continent’s next century,” Odetola declared.
The forum also featured high-profile speakers, including Austin Okere, CEO of CWG PLC; Olusola Amusan, CEO of Vesti; Jimi Tewe, CEO of Jimi Tewe LLC; and Afua Appea, Director of Product Management at Mastercard. The keynote address was delivered by Mojisola Fashola, CEO of Salt Advisory and MD/General Counsel at Kuramo Capital Management.
The Olin Africa Business Forum 2025 once again proved to be a pivotal platform for driving conversations that shape Africa’s business, technology, and governance landscape. With young, dynamic voices like Odetola championing innovative governance and sustainable infrastructure, the forum underscored the urgent need for African leaders to embrace forward-thinking policies that ensure long-term prosperity for the continent.
Business
NEXIM Bank Secures Bbb+ Rating from Agusto & Co., Declares ₦30.47 Billion Operating Profit

By Joel Ajayi
The Nigerian Export-Import Bank (NEXIM) has been assigned a Bbb+ rating by leading credit rating agency Agusto & Co. Limited, affirming its satisfactory financial condition and strong capacity to meet obligations relative to other development finance institutions (DFIs) in Nigeria.
For the year ended 2024, NEXIM Bank reported an operating profit of ₦30.47 billion, more than double the ₦13.75 billion recorded in the previous year. This remarkable growth underscores the Bank’s financial resilience and operational efficiency.
Established to promote Nigeria’s non-oil exports and support import-substituting businesses, NEXIM is fully owned by the Federal Government of Nigeria through equal shareholding by the Central Bank of Nigeria (CBN) and the Ministry of Finance Incorporated (MOFI).
The Bank has sustained strong liquidity and capital adequacy ratios, alongside notable growth in its loan book and equity investments. Key sectors supported include manufacturing, agriculture, solid minerals, and services.
According to Managing Director, Mr. Abba Bello, NEXIM has intensified its intervention in the non-oil export sector, disbursing over ₦495 billion and facilitating the creation and sustenance of more than 36,000 direct and indirect jobs.
Among the Bank’s key initiatives are:The Regional Sealink Project: A public-private partnership designed to improve maritime logistics across West and Central Africa. Promotion of Factoring Services: Offering alternative export financing solutions for SMEs. And Joint Project Preparation Fund (JPPF): Implemented in partnership with Afreximbank to enhance the bankability of export projects.
Additionally, NEXIM is developing tailored financing schemes for the mining sector, including Contract Mining, Equipment Leasing, and Buyers’ Credit/ECA Financing, aimed at unlocking export potential and boosting foreign exchange earnings.
With its renewed drive, NEXIM Bank remains committed to building local processing capacity, advancing Nigeria’s competitiveness in global trade, and strengthening non-oil export revenues by moving up the commodity value chain.
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