ZENITH BANK GMD CANVASSES NON-OIL EXPORTS EXPANSION

Published

5 years ago

August 27, 2020

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The Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer

Onyeagwu has called for a concerted effort towards diversifying the

country’s export base through the promotion of non-oil exports. He made the

call during a Webinar themed “Prospects of Non-Oil Export During and Post

COVID-19” organized by the bank on Wednesday, August 26, 2020.

According to him, the onset of the COVID-19 pandemic which has impacted

the demand for oil and, by extension, the price of crude oil in the

international commodities market has further exposed Nigeria’s over-

dependency on crude oil earnings and its susceptibility to oil-related shocks.

He added that the events of the last couple of months have also highlighted

the limited range of the country’s value-added products exported to foreign

markets.

He noted further that boosting non-oil export is imperative in view of the

opportunities that exist in the broader contexts of ECOWAS Trade

Liberalisation Scheme and the African Continental Free Trade Area (AfCFTA)

which seeks to create a continent-wide market of 1.2 billion people with

combined Gross Domestic Product (GDP) of $2.5 trillion and about $4 trillion

in consumer and business spending.

Whilst commending the e%orts of the government and the Central Bank of

Nigeria (CBN) to deepen the non-oil export business in the country,

Onyeagwu urged players in the non-oil export value-chain including

exporters and ?nancial institutions to play their part in the drive towards

expanding the nation’s non-oil export base.

Delivering the keynote address, the Director of Trade & Exchange, Central

Bank of Nigeria (CBN), Dr. (Mrs) Ozoemena Nnaji, who commended Zenith

Bank for organizing the webinar at a time like this, observed that the impact

of the COVID-19 pandemic is a wake-up call for the country, as it has once

again exposed the over-dependence of the Nigerian economy on one

product. She therefore called for a deeper policy look at the non-oil sector to

?nd ways of genuinely improving the quality and quantity of our non-oil

export goods.

Also speaking at the Webinar, the Chief Executive/Executive Director of the

Nigerian Export Promotion Council (NEPC), Mr. Olusegun Awolowo

commended the e%orts of Zenith bank in promoting non-oil export business

in Nigeria, describing the bank as ‘the Export Trade Bank of Nigeria’.

Speaking on the topic “Repositioning Non-oil export as a Leading Revenue

Earner: Government Plans and Programmes”, Awolowo noted that the crash

in oil prices following the COVID-19 pandemic and OPEC’s price war with

Russia reinforced what everyone already knows.

Zenith Bank remains committed to the promotion of the non-oil export sector

in Nigeria by identifying emerging opportunities which help in stimulating

non-oil exports and developing robust ?nancial products and incentives for

operators in the sector. The bank launched the Non-Oil Export Seminar in

2017 as an initiative to deepen the discourse on promoting non-oil export

business in Nigeria.

Tunde Ednut Earns $5,000 Per Day! -Report

Published

1 month ago

September 22, 2025

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“Tunde Ednut earns $5,000 average per day, ISWIS made approx $200,000 from live events in one month” — Chude Jideonwo unveils creator economy data at Digital Creator Africa Summit

At the inaugural Digital Creator Africa Summit, media entrepreneur and #WithChude host Chude Jideonwo unveiled new data positioning the Nigerian creator economy as one of the most commercially powerful industries on the continent.

Highlighting explosive growth and overlooked business models, Jideonwo revealed that:

• Tunde Ednut, the former musician turned Instagram media mogul, is estimated to earn over $5,000 a day through his platform — with a business model based on affiliate promotion, Instagram advertising, and music amplification.

• The hit podcast “I Said What I Said” (ISWIS) reportedly made approximately $200,000 in gross revenue from live events alone in a single month, drawing thousands of fans across there US, the UK and Canada.

• “What these numbers show,” Jideonwo said, “is that creators are no longer just influencers — they are media companies, and increasingly, nation-builders.”

The summit, held in Lagos and attended by creators, investors, and media leaders, was designed to shift the conversation from virality to value — reframing content creation as infrastructure, not just entertainment.

As part of his address, Jideonwo announced his $500,000 personal commitment to the FourthMainland Creator Fund — a catalytic investment vehicle to back high-potential African creators with funding, IP support, and platform distribution.

“We’re building the Mavin Records of storytelling,” he said. “Not just with fame, but with financial tools, ownership, and a full studio system that lets creators scale across the continent and diaspora.”

The Creator Fund is part of the broader FourthMainland ecosystem, a creator commerce platform set to launch in 2026. The platform will offer monetization tools, subscription infrastructure, and joint-IP models built around African content — positioning it as the first at-scale infrastructure for the continent’s growing $100B creator economy.

Jideonwo, whose ventures include Joy, Inc., #WithChude, and YNaija, closed with a call to funders and policymakers:

“If music had Mavin Records and tech had CcHub, then creators now have their studio systems — their Mavins — and they’re building billion-dollar value chains without waiting for permission.”

The keynote, titled “Overtaking is Allowed,” argued that Africa’s most important civic and cultural shifts today are being led by independent creators, and that media-tech infrastructure for creators is now one of the biggest opportunities for economic growth across the continent.

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What Ibadan Socialite, Fijabi’s Leak Audio Has Done To Minister Adelabu’s Guber Ambition

Published

4 months ago

July 1, 2025

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A recent viral moment has unexpectedly stirred the political waters for Power Minister Adebayo Adelabu’s 2027 gubernatorial bid in Oyo State. Here’s how it unfolded—and the fallout that followed:

An audio featuring Ibadan socialite, Chief Akinade Fijabi and an unidentified young man surfaced online.

In the audio, Fijabi, an Ibadan high Chief and singer, Wasiu Ayinde’s closest ally bared his thoughts on political bearings in Oyo State and centred it round the Minister for Power, Adebayo Adelabu.

The audio quickly gained traction, sparking laughter and debate across social media platforms in Oyo and beyond.

The audio briefly overshadowed Adelabu’s image and critics seized the moment to question his ability, business sense and highlight potential vulnerabilities in managing grassroots affairs.

Even before the audio, Adelabu’s return to APC and flirtation with a 2027 run had unsettled internal party dynamics. The audio gave fuel to factions already uneasy about his rapid elevation and perceived attempt at imposition.

APC hardliners and youth groups, who’ve openly criticized the party’s handling of aspirants like Adelabu, echoed that the viral moment underscores deeper frustration about favoritism .

Adelabu’s allies are downplaying the audio, arguing that public interactions reflect openness and a grassroots presence and qualities essential for statewide appeal. They’ve also pointed to his achievements, including boosting national grid capacity, as evidence of credible leadership .

Fijabi in the audio also shed some lights based on what he termed ‘reliable information’ on Governor Makinde’s Presidential ambition, claiming it was a plot to collapse the PDP in Oyo State for President Tinubu with an agreement that the Governor would be granted the request to install a successor.

The clip audio shifted part of the conversation from Adelabu’s technocratic record to his public persona. Analysts say managing optics now matters more than ever for his brand.