President Bola Tinubu on Wednesday, arrived Kigali, Rwanda, ahead of the 13th edition of the Africa CEO Forum, with a mission to attract investors to Nigeria, with the potentials for about 600% return on investments ROI, for start- ups, if properly managed.
- +Nigeria touts possible 600% ROI, as Tinubu arrives Rwanda for CEOs summit
Presidency said President Tinubu who is spending the last year of his first term in office, is in Rwanda with the most important and compelling pitch of his Presidency, to drive investor proposition of promise and a full blown business case of opportunity.
Presidency said President Tinubu who is spending the last year of his first term in office, is in Rwanda with the most important and compelling pitch of his Presidency, to drive investor proposition of promise and a full blown business case of opportunity.
The theme of this year’s forum is: “The Scale Imperative: Why Africa Must Embrace Shared Ownership.”
At the forum, President Tinubu will speak on “Holding the Line: Nigeria’s Reform Bet in a Fractured World,” highlighting the gains of sustaining Nigeria’s bold reforms, among other topics.
Sunday Dare, Special Adviser to the President on Media and Communications, describes Nigeria as ” one of the few places globally where return on investment in properly scaled businesses can rise up to 600 percent post-startup.
” In several sectors, investors have recorded growth trajectories far beyond what conventional business planning models projected at entry point.
“Most global feasibility and business planning tools project returns in the region of 20–25% over time. Nigeria, however, has repeatedly defied those assumptions because of one defining factor: scale.
“Scale of population. Scale of unmet demand. Scale of consumption, Scale of expansion and now, scale of reform.”
Taking a cue from the rapid transformation of MTN Group for the scale of market dominance and profitability, it would eventually achieve after entering Nigeria in 2001, Dare stated that projections may have anticipated bold performance, but the Nigerian market delivered returns and growth levels far beyond initial expectations.
“What began as a calculated expansion into an emerging market rapidly transformed into one of the company’s most profitable operations anywhere in the world. In only a few years, the margins, subscriber growth, and revenue explosion fundamentally altered MTN’s continental growth trajectory.
“Today, MTN Nigeria generates trillions of naira in annual revenue and remains one of the most valuable companies on the Nigerian Exchange, underscoring the sheer commercial depth of the Nigerian market.
He also cited the experience of French owned MultiChoice, now promoters of DStv, adding that ” It may have projected cautious subscriber growth and conservative margins when entering the Nigerian market. Instead, Nigeria became one of the company’s strongest commercial bases, powered by population scale, aspirational consumption, urban expansion, and the sheer dynamism of Nigerian demand.
“That is the paradox called Nigeria.
“Its challenges are visible, sometimes loud, sometimes exaggerated. But beneath them lies one of the deepest consumer markets in the world, a fiercely entrepreneurial population, expanding infrastructure opportunities, vast mineral deposits, a growing technology ecosystem, and unmatched demographic energy on the African continent.”
President Tinubu was received at the Presidential Wing of the Kigali International Airport by Bianca Ojukwu, Minister of Foreign Affairs, and Rwanda’s Minister of Defence, Juvenal Marizamunda.
The President’s team include Jumoke Oduwole, the Minister of Industry, Trade and Investment, Mohammed Mohammed, the Director-General of the National Intelligence Agency (NIA) and Ibrahim Zanna, the Nigerian Chargé d’Affaires in Rwanda
Founded in 2012 by Jeune Afrique Media and co-hosted by the International Finance Corporation (IFC), the forum has become the largest annual gathering of African private sector leaders, investors, and policymakers. It focuses on accelerating economic transformation through shared scale, regional integration, and increased cross-border investment. The President will also hold high-level bilateral meetings with top global and African business leaders while reaffirming Nigeria’s leadership role in shaping the continent’s future.
He will use the occasion of the summit to reaffirm Nigeria’s commitment to advancing African unity, deepening regional economic cooperation, and fostering strategic partnerships to accelerate private sector-driven sustainable development across the continent.
