Business
Sam Empowerment Foundation and Vivacity Development Convene an Executlive Consultative to Reimagine Nigeria’s Workforce
As Nigeria navigates a rapidly evolving global economy, Sam Empowerment Foundation (SEF) in partnership with Vivacity Development will host a national consultative conference titled “Nigeria Works 2030: The Future of Work Initiative” on July 17, 2025, in Abuja.
The conference will explore practical, inclusive, and forward-thinking solutions to reposition Nigeria’s workforce for relevance, resilience, and competitiveness in the decade ahead. It will particularly highlight the role of technology, green innovation, entrepreneurship, and skills alignment in preparing Nigerians; especially women, rural populations, and underserved groups for a new world of work.
Speaking ahead of the event, Kiema Ogunlana, Program Director – SEF, emphasized the urgency of action:
“The future of work is not a distant idea; it’s here. And the real question is: are we ready? We need to move beyond rhetoric and start building a system that supports workers at all levels to thrive in this new reality.”
The conference aims to spark collaboration across government, private sector, academia, and development partners, with the goal of driving reforms in education, workforce policy, and access to future-relevant skills like AI, digital literacy, renewable energy, and creative enterprise.
“Nigeria has the numbers, the creativity, and the drive,” Kiema added. “But unless we connect our people to the right tools and ecosystems, we’ll keep missing the mark. This is our chance to get it right for everyone, not just the privileged few.”
Vivacity Development brings a wealth of experience in social impact strategy and communications, helping to ensure that perspectives from grassroots communities to national institutions are meaningfully engaged in shaping the outcomes.
“We’re calling on all change-makers; policymakers, institutions, investors, and community leaders to come with real commitments,” Kiema said. “This is about building a future that works for Nigeria, and for all Nigerians.”
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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