Trending News: Gov Mohammed Hosts Stakeholders Ahead of Bauchi Investment SummitAt Ibom Ignite 2025, Gov Eno Charges Youths to Tap into Emerging Business OpportunitiesWorld Heart Day: DOAM Foundation, Bond Chemical Industries Embark on Free Health ScreeningsMr. Football, A Teacher Like No Other Always Impacting LivesPerspectives on CBN’s Plan to Take Full Control of Fixed Income MarketSokoto NUJ Ethics Committee Urges Journalists to Uphold Professional StandardsBREAKING: Gunmen Abduct, Kill Top Veterinary Doctor In Abuja As Three Children Remain With KidnappersADA Registration in Trouble as Atiku, Amaechi,  Opposition Coalition Pull out, Key Sponsors Join ADCPresident Tinubu, Call Your Inspector-General of Police to OrderEXCLUSIVE: Police Detectives Search Ex-Senator Elisha Abbo’s Abuja Apartment Over Rape Of 13-Year-Old Girl As Wife Accuses Victim Of Stealing JewelryDangote Refinery And Trade Union ActivismThe Critical Message in Oluremi Tinubu’s National Library Project Jonathan: I Thought Buhari Would End Boko Haram Since They Once Chose Him as NegotiatorConcerns Mount over Rising Diabetes Cases Amid Hike in Drug PricesCardoso: Reforms Have Sparked Global Investors’ Renewed Appetite for NigeriaCourt Extends Account Freezing Order Over Osun LG FundsIn First Private Investor JV, Dangote Begins $2.5bn Urea Fertiliser Manufacturing Plant in EthiopiaAGF Fagbemi: Technology in Justice Not Luxury, But NecessityConservative Anglicans Kick as Church of England Names First Female Archbishop of CanterburyEx-IG, Solomon Arase, Buried in Benin Stakeholders: Nigeria’s Power Sector Still Struggling Despite ReformsNorwegian Diplomats Hail Nigeria’s World Class Art WorkKano Governor Writes NSA, Seeks State Commissioner of Police Removal BAP’s ‘Fela & The Kalakuta Queens’ Musical Thrills Audience as National Theatre Roars Back to LifeFormer NNPC Spokesman, Femi Soneye Launches ‘The Exchange’ PodcastTourism Experts Harp on Adherence to Standards to Grow Sector NYSC Provides Services Worth Over N14B to Lagos State Annually, Says DGBREAKING: US Rapper Sean ‘Diddy’ Combs Sentenced To Four Years, Two Months In PrisonSean ‘Diddy’ Combs Sentenced to 4 Years in PrisonJonathan: Buhari Was Boko Haram’s Preferred Negotiator, Yet Insurgency Persisted in His TenureNiger Infrastructure Devt: Work Resumes At Project SitesFresh Relief for Mokwa Flood SurvivorsKumo Hails Tinubu, As First Lady Commissions FMC, Bags Traditional Title of Sarauniyar Yakin AkkoUgborodo 7-Day HCDT Ultimatum: Chevron Multi-billion Dollar EGTL, Shell, IOCs Operations ThreatenedRailways, Cement and the Future of Ogun State’s InfrastructureTanker Explosion: Unconfirmed Deaths, Vehicles Burnt on Abeokuta-Sagamu ExpresswayGov Otti Demands Retraction, Threatens Legal Action Over ‘Defamatory’ Facebook PostsTinubu Urges S’ east Politicians to Emulate Late Michael Okpara’s PoliticsNAFDAC  Seals Off Two Chinese Supermarkets, Eight Cosmetic Shops in AbujaBREAKING: Bandits Kill 4, Including NYSC Member, Abduct Many In Southern Kaduna Amid Underreported AttacksBREAKING: Court Orders Nigerian Police To Halt Enforcement Of Tinted Glass Permit Policy, Maintain Status QuoEXCLUSIVE: Ebonyi Govt Awards N7.2Billion Contracts To Governor Nwifuru’s Personal AssistantReflection, Reinvention, and Winning at 65: A Field Note for Nigeria’s Next ChapterUS-Based Groups Fault Tinubu’s IPOB-Boko Haram ComparisonKainji, Jebba, Shiroro, Zungeru Dams to Discharge Excess WaterResidents Gear Up for Edo CarnivalCEO of Versa Farms Condemns Killings in KwaraNorthern CAN: Insecurity, Hardship, Threats to Nigeria’s Founding IdealsCourt Hears Dispute on 5% Equity Stake in Pan African Towers CaseGroup Tasks Journalists on Professionalism, Impactful ReportageBandits Abduct Police Officer in Kwara CommunityLokpobiri: Oil Sector Divestments Added 200,000 bpd to Nigeria’s Crude OutputCapital Market Operators Seek Review of Proposed 30% Capital Gains Tax to 25%There Are No Constitutional Breaches By Damagum, PDP Replies AnyanwuNDIC Warns Nigerians to Steer Clear of Unlicensed Banks, Ponzi SchemesEx-President Jonathan Mourns Death of Arise TV AnchorMinister Inspects 43.65km Mararaba-Keffi Road, Laments DelayOgun Elders: Gateway International Airport Best Investment of Abiodun’s AdministrationIMO Secretary-General Commends Nigeria’s Maritime Security Gains, Deep Blue Project, Blue Economy PolicyShettima Back in Abuja After UNGA80 Mission, Germany EngagementsBREAKING: Terrorists Kill Abducted ECWA Pastor In Kwara Despite Collecting N5million RansomMHCDI Spelling Bee Boosts Confidence, Literacy in FCTGov Lawal Unveils New 18-seater Buses for Zamfara Transport CompanyHURIWA, Retired Justice Omolaye-Ajileye Praise DSS DG for N20m Compensation to Wrongfully Arrested IndividualsGateway International Airport, Best Investment of Gov. Abiodun’s Administration,Say Ogun EldersHow to Choose Best Travel Insurance Plan for Senior Citizens in IndiaBREAKING: Dangote-Backed New Trucking Company Writes NUPENG, Says Drivers Reject Union MembershipEXCLUSIVE: Petition Accuses Ex-Senator Elisha Abbo Of Raping 13-Year-Old Pupil, Attempting To Assault Her Sister, Threatening To Kill FamilyKekere-Ekun: Appointment of Judges Now More Transparent BREAKING: Former Senator Elisha Abbo Turns Himself In At Police FCID Over Alleged Rape Of 13-Year-Old School Pupil In AbujaBREAKING: National Assembly Tightens Security, Bars Aides From Senate Corridor In Front Of Akpabio’s OfficeBREAKING: Police Officer Abducted By Bandits In Kwara North, Colleague Escapes AmbushSani Launches Emergency Medical Services in Kaduna2027: INEC Urges N’Assembly to Expedite Action On Electoral Reform Proposal Alleged Defamation: Court Adjourns Sowore’s Case Until Nov 20EXCLUSIVE: Immigration Officers Accuse JTF Commanders Of Diverting N93,000 Monthly Feeding Allowances, Leaving Them With One ‘Poor’ Meal Daily In Borno”EXCLUSIVE: Tinubu’s NSA Ribadu, Gov AbdulRasaq Accused Of Deploying Migrant Fulani Herders With AK-47s To Kwara South To Tackle Insecurity, Residents KickWard Delineation: N’ Delta Youth Seeks Urgent Action Against Escalating Violence Amongst Ijaw, Itsekiri, Urhobo In Warri Nigeria @65: NAPPS President Calls for Education Reform Shettima Back In Abuja After UNGA80 Mission, Germany EngagementsBREAKING: Bandits Kidnap Three From Kogi Farm, Shoot Bread Distributor In Senator Karimi’s Yagba West Local GovtBREAKING: Bandits Storm Zamfara Capital On Independence Day, Abduct Two Local Govt Councillors, ResidentAbdulRazaq: Nowhere ‘ll Be Safe for Criminals, Kidnappers in KwaraPolice Call for Probe into Killing of Three in Osun CommunityCoastal Highway: CSOs, Experts Commend Quality of WorkLukman Raises the Alarm over Plot to Hijack  ADC  StructuresTinubu Reopens National Arts TheatreJobberman Expands  Operations to A’ lbomAt Unveiling of Future is Now Project, Youths Seek 70% Seats in House of Reps, State Assemblies, LGsTinubu Canvasses New Orientation, Urges Nigerians to Lift, Believe, Put Country FirstFCT Police: How Arise News Anchor, Maduagwu, DiedUS Govt Shuts Down as Congress Fails to Reach New Funding DealIndependence: Umahi, Dangiwa Say Tinubu Returning Nigeria to Growth PathPENGASSAN Suspends Strike After FG Brokered Deal with DangoteFG to Blacklist Defaulting Contractors in Housing SectorFarmers Urge Tinubu to Boost Access to FertiliserWale Tinubu Gets Lifetime Achievement Award at Africa Energy WeekA HOMECOMING  FOR TINUBUENDING A CULTURE OF VIOLENCEWill Super Eagles Gift  Nigeria @65 World Cup Ticket?
Sat. Oct 4th, 2025
Trending News: Gov Mohammed Hosts Stakeholders Ahead of Bauchi Investment SummitAt Ibom Ignite 2025, Gov Eno Charges Youths to Tap into Emerging Business OpportunitiesWorld Heart Day: DOAM Foundation, Bond Chemical Industries Embark on Free Health ScreeningsMr. Football, A Teacher Like No Other Always Impacting LivesPerspectives on CBN’s Plan to Take Full Control of Fixed Income MarketSokoto NUJ Ethics Committee Urges Journalists to Uphold Professional StandardsBREAKING: Gunmen Abduct, Kill Top Veterinary Doctor In Abuja As Three Children Remain With KidnappersADA Registration in Trouble as Atiku, Amaechi,  Opposition Coalition Pull out, Key Sponsors Join ADCPresident Tinubu, Call Your Inspector-General of Police to OrderEXCLUSIVE: Police Detectives Search Ex-Senator Elisha Abbo’s Abuja Apartment Over Rape Of 13-Year-Old Girl As Wife Accuses Victim Of Stealing JewelryDangote Refinery And Trade Union ActivismThe Critical Message in Oluremi Tinubu’s National Library Project Jonathan: I Thought Buhari Would End Boko Haram Since They Once Chose Him as NegotiatorConcerns Mount over Rising Diabetes Cases Amid Hike in Drug PricesCardoso: Reforms Have Sparked Global Investors’ Renewed Appetite for NigeriaCourt Extends Account Freezing Order Over Osun LG FundsIn First Private Investor JV, Dangote Begins $2.5bn Urea Fertiliser Manufacturing Plant in EthiopiaAGF Fagbemi: Technology in Justice Not Luxury, But NecessityConservative Anglicans Kick as Church of England Names First Female Archbishop of CanterburyEx-IG, Solomon Arase, Buried in Benin Stakeholders: Nigeria’s Power Sector Still Struggling Despite ReformsNorwegian Diplomats Hail Nigeria’s World Class Art WorkKano Governor Writes NSA, Seeks State Commissioner of Police Removal BAP’s ‘Fela & The Kalakuta Queens’ Musical Thrills Audience as National Theatre Roars Back to LifeFormer NNPC Spokesman, Femi Soneye Launches ‘The Exchange’ PodcastTourism Experts Harp on Adherence to Standards to Grow Sector NYSC Provides Services Worth Over N14B to Lagos State Annually, Says DGBREAKING: US Rapper Sean ‘Diddy’ Combs Sentenced To Four Years, Two Months In PrisonSean ‘Diddy’ Combs Sentenced to 4 Years in PrisonJonathan: Buhari Was Boko Haram’s Preferred Negotiator, Yet Insurgency Persisted in His TenureNiger Infrastructure Devt: Work Resumes At Project SitesFresh Relief for Mokwa Flood SurvivorsKumo Hails Tinubu, As First Lady Commissions FMC, Bags Traditional Title of Sarauniyar Yakin AkkoUgborodo 7-Day HCDT Ultimatum: Chevron Multi-billion Dollar EGTL, Shell, IOCs Operations ThreatenedRailways, Cement and the Future of Ogun State’s InfrastructureTanker Explosion: Unconfirmed Deaths, Vehicles Burnt on Abeokuta-Sagamu ExpresswayGov Otti Demands Retraction, Threatens Legal Action Over ‘Defamatory’ Facebook PostsTinubu Urges S’ east Politicians to Emulate Late Michael Okpara’s PoliticsNAFDAC  Seals Off Two Chinese Supermarkets, Eight Cosmetic Shops in AbujaBREAKING: Bandits Kill 4, Including NYSC Member, Abduct Many In Southern Kaduna Amid Underreported AttacksBREAKING: Court Orders Nigerian Police To Halt Enforcement Of Tinted Glass Permit Policy, Maintain Status QuoEXCLUSIVE: Ebonyi Govt Awards N7.2Billion Contracts To Governor Nwifuru’s Personal AssistantReflection, Reinvention, and Winning at 65: A Field Note for Nigeria’s Next ChapterUS-Based Groups Fault Tinubu’s IPOB-Boko Haram ComparisonKainji, Jebba, Shiroro, Zungeru Dams to Discharge Excess WaterResidents Gear Up for Edo CarnivalCEO of Versa Farms Condemns Killings in KwaraNorthern CAN: Insecurity, Hardship, Threats to Nigeria’s Founding IdealsCourt Hears Dispute on 5% Equity Stake in Pan African Towers CaseGroup Tasks Journalists on Professionalism, Impactful ReportageBandits Abduct Police Officer in Kwara CommunityLokpobiri: Oil Sector Divestments Added 200,000 bpd to Nigeria’s Crude OutputCapital Market Operators Seek Review of Proposed 30% Capital Gains Tax to 25%There Are No Constitutional Breaches By Damagum, PDP Replies AnyanwuNDIC Warns Nigerians to Steer Clear of Unlicensed Banks, Ponzi SchemesEx-President Jonathan Mourns Death of Arise TV AnchorMinister Inspects 43.65km Mararaba-Keffi Road, Laments DelayOgun Elders: Gateway International Airport Best Investment of Abiodun’s AdministrationIMO Secretary-General Commends Nigeria’s Maritime Security Gains, Deep Blue Project, Blue Economy PolicyShettima Back in Abuja After UNGA80 Mission, Germany EngagementsBREAKING: Terrorists Kill Abducted ECWA Pastor In Kwara Despite Collecting N5million RansomMHCDI Spelling Bee Boosts Confidence, Literacy in FCTGov Lawal Unveils New 18-seater Buses for Zamfara Transport CompanyHURIWA, Retired Justice Omolaye-Ajileye Praise DSS DG for N20m Compensation to Wrongfully Arrested IndividualsGateway International Airport, Best Investment of Gov. Abiodun’s Administration,Say Ogun EldersHow to Choose Best Travel Insurance Plan for Senior Citizens in IndiaBREAKING: Dangote-Backed New Trucking Company Writes NUPENG, Says Drivers Reject Union MembershipEXCLUSIVE: Petition Accuses Ex-Senator Elisha Abbo Of Raping 13-Year-Old Pupil, Attempting To Assault Her Sister, Threatening To Kill FamilyKekere-Ekun: Appointment of Judges Now More Transparent BREAKING: Former Senator Elisha Abbo Turns Himself In At Police FCID Over Alleged Rape Of 13-Year-Old School Pupil In AbujaBREAKING: National Assembly Tightens Security, Bars Aides From Senate Corridor In Front Of Akpabio’s OfficeBREAKING: Police Officer Abducted By Bandits In Kwara North, Colleague Escapes AmbushSani Launches Emergency Medical Services in Kaduna2027: INEC Urges N’Assembly to Expedite Action On Electoral Reform Proposal Alleged Defamation: Court Adjourns Sowore’s Case Until Nov 20EXCLUSIVE: Immigration Officers Accuse JTF Commanders Of Diverting N93,000 Monthly Feeding Allowances, Leaving Them With One ‘Poor’ Meal Daily In Borno”EXCLUSIVE: Tinubu’s NSA Ribadu, Gov AbdulRasaq Accused Of Deploying Migrant Fulani Herders With AK-47s To Kwara South To Tackle Insecurity, Residents KickWard Delineation: N’ Delta Youth Seeks Urgent Action Against Escalating Violence Amongst Ijaw, Itsekiri, Urhobo In Warri Nigeria @65: NAPPS President Calls for Education Reform Shettima Back In Abuja After UNGA80 Mission, Germany EngagementsBREAKING: Bandits Kidnap Three From Kogi Farm, Shoot Bread Distributor In Senator Karimi’s Yagba West Local GovtBREAKING: Bandits Storm Zamfara Capital On Independence Day, Abduct Two Local Govt Councillors, ResidentAbdulRazaq: Nowhere ‘ll Be Safe for Criminals, Kidnappers in KwaraPolice Call for Probe into Killing of Three in Osun CommunityCoastal Highway: CSOs, Experts Commend Quality of WorkLukman Raises the Alarm over Plot to Hijack  ADC  StructuresTinubu Reopens National Arts TheatreJobberman Expands  Operations to A’ lbomAt Unveiling of Future is Now Project, Youths Seek 70% Seats in House of Reps, State Assemblies, LGsTinubu Canvasses New Orientation, Urges Nigerians to Lift, Believe, Put Country FirstFCT Police: How Arise News Anchor, Maduagwu, DiedUS Govt Shuts Down as Congress Fails to Reach New Funding DealIndependence: Umahi, Dangiwa Say Tinubu Returning Nigeria to Growth PathPENGASSAN Suspends Strike After FG Brokered Deal with DangoteFG to Blacklist Defaulting Contractors in Housing SectorFarmers Urge Tinubu to Boost Access to FertiliserWale Tinubu Gets Lifetime Achievement Award at Africa Energy WeekA HOMECOMING  FOR TINUBUENDING A CULTURE OF VIOLENCEWill Super Eagles Gift  Nigeria @65 World Cup Ticket?
Sat. Oct 4th, 2025

H1: NB, 2 Others Generate N1.09trn from Alcoholic, Non-alcoholic Drink Sales

Kayode Tokede

Despite the high cost of living in Nigeria due to double-digit inflation and the devaluation of the Naira, Nigerian Breweries Plc and two other brewing companies generated N1.09 trillion revenue from sales of alcoholic, and non- alcoholic drinks in the half year (H1) ended June 2025.

The other two companies are:  Champion Breweries Plc and International Breweries Plc.

According to their H1 2025 unaudited result and accounts, the N1.09 trillion revenue is a significant increase of 43.2 per cent from N711.58 billion reported in the half year ended June 30, 2024. 

A breakdown showed that Nigerian Breweries earned N733.19 billion revenue in H1 2025, about 53 per cent increase from N478.84billion declared in H1 2024. 

International Breweries posted N340.99 billion revenue in H1 2025, representing an increase of 53 per cent from N223.2 billion reported in H1 2024, while Champion Breweries announced N15.9 billion revenue in H1 2025, up by 66.9 per cent from N9.5 billion declared in H1 2024.

It was learnt that the revenue growth was propelled by social drinking culture amid hike in cost of living, and strategic distribution—especially during Easter and Sallah festive seasons.

The industry continued to face significant challenges in 2025 such as hike in Cost of Goods largely due to macro-economic headwinds, currency depreciation and higher petrol prices – averaging N939.5/litre in December after peaking at N1,184.83/litre in June 2024.

The cost pressures also impacted on operating expenses (OPEX), Foreign Exchange (FX) losses and Finance Costs.

Amid growth in revenue, the likes of Nigerian Breweries, Champion Breweries Plc and International Breweries that recorded losses in H1 2024 over Centrral Bank of Nigeria (CBN) foreign exchange policies.

However, they have recovered and posted impressive results in H1 2025. For instance, Nigerian Breweries migrated from a loss of N115.5 billion in H1 2024 to N130.84 billion profit in H1 2025, while International Breweries posted a profit of N41.3 billion in H1 2025 from a loss of N106.78 billion declared in H1 2024. 

In addition, Champion Breweries announced N2.29 billion profit in H1 2025 as against a loss of N386.7 million in H1 2024. Champion Breweries in H1 2024 had reported N910.74 million loss on foreign exchange transactions as against NIL in H1 2025.

In a report titled, “Nigerian Brewery Sector Update Report: Brewing Back to Profitability,” Afrinvest revealed that the global brewery industry sales volume in 2024 declined marginally for the second consecutive year, settling at 1.78 million hectolitres.

This, it stated, was primarily due to sluggish global demand and persistently high inflation.

“Despite volume pressures, industry-wide revenue – approximated by the performance of major regulated players – rose by 3.3 per cent year-on-year (y/y) to $617.7billion, as estimated by Statista. Looking ahead to 2025, we anticipate that global brewery performance will be influenced by several key trends: (i) the deepening of premiumisation strategies for flagship brands, (ii) Innovation tailored to Gen-Z preferences, (iii) supply chain decarbonisation, (iv) strategic mergers, acquisitions, and market exit driven by profitability outlooks. These trends are explored in detail in the global industry analysis section,” the report added.

On the domestic brewery market, Afrinvest stated that Nigeria’s brewery industry revenue in 2024 significantly outperformed its base-case forecast, rising by 39.2 per cent to N1.9 trillion.

“This was largely driven by inflation-induced price adjustments across product lines and a marked improvement in consumer purchasing power following the 133.5per cent increase in the national minimum wage to N70,000 in Q3.

“The industry experienced a strong close to the year, with revenue in Q4:2024 rising 42.6per cent quarter-on-quarter (q/q) to N611.0billion – the highest quarterly revenue in 2024 and the sharpest quarterly growth. A key enabler was the resurgence of year-end social events, particularly in Lagos, where the “Detty-December” festivities contributed an estimated N111.5billion (approximately, $71.6million) to tourism and entertainment spend, with brewery products benefitting as derived demand.

“Looking forward, we project a return to profitability in 2025 for the domestic industry, with a base-case profit before tax (PBT) estimate of N215.3 billion. This outlook is underpinned by a mix of favourable external conditions (e.g., macroeconomic stabilisation and corporate income tax adjustments) and internal initiatives such as capital injections, merger and acquisition synergies, and product resisting strategies,” it added.

The post H1: NB, 2 Others Generate N1.09trn from Alcoholic, Non-alcoholic Drink Sales appeared first on THISDAYLIVE.

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    Gov Mohammed Hosts Stakeholders Ahead of Bauchi Investment Summit

    Gov Mohammed Hosts Stakeholders Ahead of Bauchi Investment Summit

    . Restates plan to position State as Hub for Businesses

    Segun Awofadeji in Bauchi 

    Bauchi State Governor, Senator Bala Abdulkadir Mohammed, has reiterated the commitment of his administration to positioning the state as a hub for business, economic and investment, placing it on the world’s global economic growth map.

    The governor the position of the government ahead of the forthcoming Bauchi State Economic and Investment Summit, tagged as the Bauchi Roadshow themed ‘Unlocking Investment Potentials in the Pearl of Tourism.’

    Mohammed who was speaking during a community engagement and interactive session held at the New Banquet Hall, Government House, Bauchi on Thursday, reiterated his administration’s determination to unbundle the investment potentials of the state.

    He emphasised that the summit is designed to showcase Bauchi’s economic potential, define the role of the private sector in driving growth, and integrate the state’s economy into national and global markets.

    Mohammed stressed that economic growth must go beyond statistics, noting that development should translate into real improvements in the lives of the people.

    He highlighted Bauchi’s unique advantages, including its population of over 10 million, with between 60 to 70 per cent being young people, as well as vast natural resources.

    The governor further explained that harnessing and processing these resources locally would expand the value chain, create jobs, and stimulate sustainable growth.

    He underscored the importance of forging partnerships with both local and foreign investors built on fairness, respect, and mutual benefit.

    While investors bring in capital and innovation, he said, Bauchi offers unmatched opportunities and abundant resources.

    The governor further pointed to reforms already undertaken by his administration to make doing business easier in the state.

    These include streamlining land registration, strengthening security, ensuring transparency in governance, and intensifying the fight against corruption.

    He assured stakeholders that the state government is committed to establishing robust legal frameworks to safeguard investments and protect investor confidence.

    He also noted that strides made in the past six years in infrastructure development, governance reforms, and social stability have laid the groundwork for Bauchi’s economic transformation.

    In his remarks earlier, Secretary to the State Government (SSG), Aminu Hammayo, told the gathering that the Community Engagement and interactive session marked the last exercise ahead of the forthcoming Economic and Investment Summit so as to keep of the State abreast of the significance of the event.

    He commended the Governor Mohammed for unbundling the critical sectors of the State’s economic drive assuring that all is set to host the summit.

    Speaker of the State House of Assembly, Hon. Abubakar Y Sulaiman, said that all of the 31 Members of the Assembly are very much supportive to the Investment summit and all other developmental strides for sustainable growth and development.

    State ALGON Chairperson and Executive Chairperson of Bauchi LGC, Hon. Mahmood Babamaji Abubakar on behalf of the 20 LGC Chairpersons, presented a goodwill message assuring that they are in support of the summit and will participate effectively for its success.

    Also, Religious Leaders, Emir of Bauchi who is the Chairman, State Council of Emirs, Alhaji Rilwanu Sulaiman Adamu commended the initiative assuring that the traditional institution is solidly behind the government for the success of the event.

    Dr. Saleh Toro who spoke on behalf of the organised business sector among others, presented goodwill messages commending Governor Mohammed for the initiative.

    The interactive session brought together a cross-section of business leaders, financiers, political stakeholders, traditional rulers, and civil society representatives.

    Local investors and entrepreneurs used the forum to raise concerns on issues such as safety, investment assurances, and the uniqueness of the Bauchi Economic and Investment Summit compared to similar platforms across the country.

    The event also featured goodwill messages from dignitaries, including the Commissioner for Commerce and Industry, Muhammad Salis Gamawa, the Speaker of the Bauchi State House of Assembly, and the Emir of Bauchi, Alhaji Dr. Rilwanu Sulaiman Adamu.

    They all pledged their support for the government’s vision of making Bauchi a prime destination for investors.

    ​  

    . Restates plan to position State as Hub for Businesses Segun Awofadeji in Bauchi  Bauchi State Governor, Senator Bala Abdulkadir Mohammed, has reiterated the commitment of his administration to positioning the state

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    At Ibom Ignite 2025, Gov Eno Charges Youths to Tap into Emerging Business Opportunities

    At Ibom Ignite 2025, Gov Eno Charges Youths to Tap into Emerging Business Opportunities

    .Identifies prudence as key to success

    Charles Ajunwa

    Akwa Ibom State Governor, Pastor Umo Eno, has called on youths in the state to leverage on the several business opportunities presented by his administration to boost their entrepreneurial dreams.

    Governor Eno gave the charge yesterday in his address during the opening ceremony of the 2025 edition of Ibom Ignite Conference themed ‘Ignite to Accelerate’, held at Ibom – LED Centre, IBB, Avenue, Uyo.

    The governor, who is the visioner of the conference, recounted how the programme initiated in 2017, as a church vision, has inspired several youths to the path of self-development.

    He recollected how he started the Royalty Group with five rooms in 1995, describing himself as a true Akwa Ibom brand having excelled in his enterprise.

    “It was just a vision, a church vision to encourage our young people. I was just tired of seeing young people having a sense of entitlement, young people being angry with themselves like the world is owing them, or that there is something they must receive. So, I said to young people in the church, let us begin to work with you, let us show you how we can get things done. 

    “I remember at some point, God gave me the grace to write a book, ‘Wealth Creation: God’s Way’, and we used that to encourage our young people. And as the Pastor said, we now began to tell our own stories because we must be able to tell our stories.

    “I am a true Akwa Ibom brand. When you talk of an Akwa Ibom brand, see me standing here,” he said. 

    Eno, who is a seasoned entrepreneur, encouraged youths to remain focused and imbibe the culture of purposeful existence by developing passion in pursuit of their goals. 

    “You must learn as a young person to start somewhere. That’s why our first theme of the Conference was: ‘Ignite Your Passion’. You must have a passion for something. Something must be driving you, and if you are pursuing something, you must face it. I didn’t go around looking for who to help me. 

    “If you believe in a dream, live for it and avoid distractions. Don’t listen to naysayers. People would always say things. In fact, if they are not saying anything against you, turn around and look back, you are not in the right direction. But one thing I can assure you is that the same people that say you are not doing well would applaud you when you succeed,” he added.

    Speaking on the impact of good leadership in the society, Eno emphasised the need for critical examination of followership, as a major key to success. 

    “Well, it is accepted that everything rises and falls around a leader, but honestly, we need to begin to look at followership too. A leader can have good intentions, but followership would be a problem.

    “Today, as you come to this conference, I beg of you, don’t waste this opportunity. In our days, we didn’t have conferences like this. Government didn’t provide such opportunities as this. We just struggled on our own, but we have this idea that we could help other people so that they don’t go through what we went through,” he added.

    Earlier in his keynote address, the Chief Executive Officer of Emerging Markets Telecommunication Services, Obafemi Banigbe, said Akwa Ibom is blessed with numerous potentials and has all it takes to be the next hub for technology, sports, agriculture and the economic powerhouse of Nigeria.

    He noted that the numerous possibilities and potentials cannot be actualised without vision, investment in human capital, and action.

    Banigbe admonished young people to look beyond being the leaders of tomorrow, but builders of tomorrow, adopt the new approach of craving to make impact instead of headlines, collaborate instead of competing with each other, and take part in the deliberate effort at telling the African stories.

    On his part, Rev. Godwin Akpan Amaowoh, General Secretary of the Assemblies of God Nigeria, urged the youths to learn to start small and grow big, adding that while “growing big, one must not forget those who were instrumental at any point.”

    He called on them to take full advantage of the opportunity, and avoid gambling with time and resources.

    In his welcome address, the Chairman of the Central Planning Committee, Pastor Imo-abasi Jacob, noted that the theme for the 2025 conference was both symbolic and instructive, adding that “every great leap begins with ignition – a spark of passion, purpose, and possibility.”

    Speakers included the Deputy Country Director, Tony Blair Institute for Global Change, Obinaju Uchenna; Senior Special Assistant on Digital/New Media to the Presidency, O’rtega Ogra; Rector, Dakadda Skills Acquisition Centre, Prof. Enoidem Usoro; Chief Executive Officer, Corporate Shepherd Ltd, Idorenyen Enang; Managing Director/Chief Executive Officer of Ubotex, Ubong Obot; Sole Administrator, Ibom Paints Ltd, Ime Uwah; Award-Winning Journalist and Permanent Secretary, Ministry of Information, Akparawa James Edet, and Guinness World Records Holder, Broadcaster, Writer, George Iniabasi Essien will present papers at the today’s conference.

    A statement signed by the Chairman of the Central Planning Committee, Pastor Jacob, stated that the conference is slated for Friday and Saturday, October 3 and 4, 2025.

    Part of the statement read: “Ibom Ignite is the premier youth leadership and entrepreneurship gathering, returning with a bold theme: ‘Ignite to Accelerate’.

    “This conference is set to transform youths in leadership and entrepreneurship in Akwa Ibom State. It will empower over 1,500 participants with the tools, networks, and insights needed to turn ideas into tangible impact.”

    The statement also disclosed that registration had long been concluded both for the conference and the highly anticipated Ibom Ignite Entrepreneurship and Innovation Grant, a funding opportunity designed to propel startups and bold ideas into scalable ventures.

    The event will feature seasoned speakers, fireside chats, intimate, thought-provoking conversations on leadership, innovation, and resilience, panel discussion sessions, as well as Innovation and Pitch Opportunities.

    “Ibom Ignite is not just an event but a movement of possibilities. To accelerate, you must first be ignited. Ibom Ignite 2025 is about sparking bold ideas and giving them the momentum to grow into solutions that transform communities.

    “The theme, Ignite to Accelerate, captures the essence of the 2025 edition: before acceleration can happen, there must first be ignition, a spark that fuels growth, vision, and transformation,” the statement added.

    ​  

    .Identifies prudence as key to success Charles Ajunwa Akwa Ibom State Governor, Pastor Umo Eno, has called on youths in the state to leverage on the several business opportunities presented by his

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