Tunji-Ojo Calls for Innovation-Driven Public, Private Sector at Access Bank GLS

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Hon. Dr. Olubunmi Tunji-Ojo, Minister of Interior, delivered a compelling charge to public and private sector leaders at the Access Bank Guest Lecture Series (GLS) held on Friday at the Bank’s headquarters in Victoria Island, Lagos. Speaking on the theme “Dare to Dream, Dare to Innovate,” the Minister outlined a sweeping vision for innovation-driven governance, ethical leadership, and urgent reform in the country’s correctional system.

L-R: Kemi Nanna Nandap, Comptroller General of Immigration; Paul Usoro (SAN), Chairman, Access Bank Plc; Olubunmi Tunji-Ojo, Honourable Minister of Interior; Aigboje Aig-Imoukhuede, Chairman Access Holdings Plc; Bolaji Agbede, Acting Group Chief Executive Officer, Access Holdings Plc; and Roosevelt Ogbonna, Managing Director/Chief Executive Officer, Access Bank Plc, at Access Tower, Victoria Island, during the Guest Lecture Series hosted by Access Bank in Lagos… recently.

In his keynote address, Tunji-Ojo drew on his background as an ethical hacker to illustrate how great leadership, like in cybersecurity, must be proactive, identifying and fixing vulnerabilities before they become crises. “Leadership is not about reacting to problems, it is about foreseeing and solving them before they occur,” he said. “And for that, you must always ask: What is your purpose? How will you execute it? And when is the right time to act?”

Dr. Tunji-Ojo showcased the transformation underway at the Ministry of Interior since he took office, including the clearance of a backlog of over 200,000 unprocessed passport applications and the elimination of ₦28 billion in legacy debt. These achievements, he noted, were realised without additional financial aid from the federal government. Instead, the Ministry deployed a strategy built on system integration, technology innovation, and financial self-sufficiency.

Among the innovations highlighted were the rollout of e-visa platforms, contactless passport renewals for Nigerians in the diaspora, advanced passenger information systems, and the commissioning of a Tier-4 data centre to support round-the-clock immigration services.

In one of the most resonant moments of the event, the Minister spoke passionately about the broken state of Nigeria’s correctional system. He revealed that over 4,000 inmates were being held in custodial centres nationwide simply because they could not afford to pay fines as low as ₦50,000. “This is not a legal crisis, it is a moral one,” he declared. “A society that punishes poverty more harshly than crime has lost its moral compass.”

Dr. Tunji-Ojo explained that the Ministry has since partnered with private donors to secure the release of many of these non-violent offenders and is now pursuing structural reforms that prioritise rehabilitation over punishment.

These include digital case tracking to prevent indefinite detention, vocational training programmes within correctional centres, and public-private partnerships aimed at improving living conditions and operational efficiency. “A correctional facility must correct, not condemn,” he said. “Justice without dignity is injustice in disguise.”

Aigboje Aig-Imoukhuede, Chairman of Access Holdings PLC, who welcomed the Minister to the lecture series, praised his clarity of vision and decisive leadership. “What Dr. Tunji-Ojo has demonstrated is that innovation is not about big budgets, it is about big thinking,” Aig-Imoukhuede said. “His approach to public service reflects the same DNA of impact and excellence that defines Access Group.”

Aig-Imoukhuede noted that the Guest Lecture Series was designed to deepen the conversation around leadership, accountability, and service. “We cannot build the Nigeria we want without leaders who understand systems, value people, and are committed to sustainable change.

Today’s conversation has shown us what that looks like in action.”
The event brought together executives, policymakers, and thought leaders from across the country, reinforcing Access Bank’s role as not only a financial powerhouse but also a platform for national transformation through dialogue, vision, and collaboration.

In his final message, Tunji-Ojo encouraged participants to embrace a personal philosophy of excellence and purpose. “Let Access Bank not just be a financial institution, let it be a philosophy,” he said. “Let Nigeria not just be a country of potential, let it be a nation of performance. It is time to refine our genius, not just export it.”

Access Bank Secures DFIs’ USD 100 Million Facility led by German DEG for MSMEs and Gender Equality in Nigeria

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Access Bank Plc has successfully closed a USD 100 million senior loan facility with a consortium of Development Finance Institutions (DFIs), led by the German DFI DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, and supported by FinDev Canada, Amsterdam-based asset manager ILX, as well as Austrian DFI OeEB, Oesterreichische Entwicklungsbank AG.

This significant financing will support privately-owned MSMEs, small corporates, and family-owned businesses across Nigeria, with a particular focus on promoting female entrepreneurship and economic empowerment.

At least 30 per cent of the facility will be dedicated to gender lens investing in the spirit of the 2X Challenge, ensuring that women-owned and women-managed businesses are prioritised. This initiative is crucial in Nigeria, Africa’s most populous country, where supporting women entrepreneurs and MSMEs can drive job creation and contribute to reducing inequality.

Roosevelt Ogbonna, Group Managing Director of Access Bank Plc, commented on the partnership, saying:

“At Access Bank, we remain steadfast in our commitment to driving economic transformation and fostering inclusive growth across all the countries we operate. This partnership not only strengthens our ongoing efforts to empower women in business but also reinforces our support for Nigeria’s MSME sector, which plays a pivotal role in the country’s economic development. Through strategic collaborations like this, we continue to enhance opportunities for underserved communities, and we look forward to building on this success to impact even more lives across Africa.”

This facility marks the fourth collaboration between DEG and Access Bank Group, but it is also the first time in their eight-year partnership that DEG’s has acted as the lead arranger. DEG’s investment in the deal amounts to USD 25 million, strengthening the long-term relationship between the two institutions.

Also, Roland Siller, CEO of DEG shared his thoughts on the partnership, stating that:

“This financing marks a major step in our ongoing commitment to supporting inclusive growth in Africa. By partnering with Access Bank, we are not just empowering women entrepreneurs and strengthening MSMEs but also investing in the future of Nigeria’s economy. This collaboration, which has blossomed over the last eight years, goes beyond just providing funding and speaks to our shared commitment in creating sustainable, long-term opportunities that foster job creation and innovation. At DEG, we are focused on helping businesses in developing and emerging markets thrive, offering not just financial support but also advisory services that help them scale and succeed. Our work with Access Bank is a clear example of how we can build stronger economies through impactful, sustainable investments.”

In 2024, Access Bank made significant social and environmental impact across the continent, touching millions of lives and earning multiple industry accolades. Through various corporate social investment initiatives in education, entrepreneurship, health, and the environment, the Group reached over 21 million individuals across Africa. Through its W-Initiative, the Bank disbursed loans to over a million women-led SMEs, advancing financial inclusion and gender empowerment.

Buy Africa, it’s not inferior”: Ogbonna, Mene, Zubairu Chart Path for Developing Continental Trade at Africa CEO Forum

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

At the Africa CEO Forum, leaders from across the continent gathered to discuss the critical role of private sector-led growth in the development of African trade and market integration under the topic “Fast-tracking African Integration: The Private Sector Imperative”.

The session, which was one of the highlights of the 2-day event in Abidjan, saw Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank, join Wamkele Mene, Secretary General of the AfCFTA, and Samaila Zubairu, President & CEO of Africa Finance Corporation (AFC), in a powerful conversation focused on the opportunities and challenges for Africa in the face of shifting global trade dynamics.

The panellists were united in their belief that Africa’s transformation hinges on the development of regional value chains, the scaling of intra-African trade, and the need to build both financial and infrastructural capacities that will enable economic integration. In his remarks, Ogbonna underscored the potential for the continent to reframe its narrative and urged African nations to embrace their strengths.

He stated, “Years ago, if you told someone something was made in China or Taiwan, it was often seen as inferior. Fast forward 30, 40 years, and now ‘Made in China’ is a symbol of quality, and ‘Made in Taiwan’ commands respect globally. The difference? These countries built a strong domestic market that allowed them to scale, build proficiency, and innovate. Africa is no different. We have everything we need, from abundant raw materials and vast natural resources, to a youthful population and fertile land. There is no reason why Africa has not yet transformed itself into the powerhouse we know it can be. Africa has what it takes to win, and my charge remains the same as I gave during our inaugural Africa Trade Conference in South Africa: Buy Africa, it’s not inferior!”

Mene and Zubairu echoed Ogbonna’s sentiments, with Mene highlighting the tangible steps taken to drive integration, such as the introduction of the e-Tariff Book and the AfCFTA Adjustment Fund. Zubairu emphasized the critical need for synergy between public and private investment to address Africa’s infrastructure gaps and finance its development priorities.

The discussion also focused on the barriers preventing the scaling of intra-African trade, notably the lack of adequate logistics and transport infrastructure. The Pan-African Payments and Settlement System (PAPSS) was highlighted as a potential game-changer in unlocking new cross-border trade opportunities by facilitating smoother payments and transactions.

Ogbonna reinforced the importance of private sector involvement in regional trade, particularly for micro, small, and medium-sized enterprises (MSMEs). “Africa’s MSMEs are the backbone of its economy,” he said, “yet they face a trade finance gap of around $120 billion. Financial institutions must innovate to close this gap and provide the liquidity these businesses need to grow and scale.”

As Africa continues to explore new avenues for trade and investment, Ogbonna’s message resonated with the audience: the time is now for Africans to believe in Africa, invest in Africa, and transform the continent into the economic powerhouse it is destined to be.