Aig-Imoukhuede Hosts Aliko Dangote Foundation WEF Young Global Leaders Learning Journey
L-R: Chairman, Access Holdings and Coronation Group, Aigboje Aig-Imoukhuede; MD/CEO, Nigerian Exchange Group, Temi Popoola; Chief Financial Officer, Dangote Industries Limited, Murat Erden; YGL/Chief Economist, First Bank of Nigeria, Chinwe Egwim; Group MD/CEO, Vetiva Capital Management Limited, Chuka Eseka; MD/CEO, Aliko Dangote Foundation (ADF); Zouera Youssoufou; MD/CEO, Dangote Refinery, David Bird, and Group Chairman, NGX Group, Dr. Umaru, Kwairanga, at the ADF Africa - Diaspora Leadership Programme for the WEF Young Global Leaders hosted by Aig-Imoukhuede at Access Tower, Victoria Island, Lagos...Friday
Leading African business, finance and investment leaders joined current and former members of the World Economic Forum’s Young Global Leaders community at Access Tower, Lagos, for the Finance and Investment segment of the Aliko Dangote Foundation/World Economic Forum Young Global Leaders Africa-Diaspora Leadership Programme on last Friday.
Hosted by Aigboje Aig-Imoukhuede, Chairman of Access Holdings and Coronation Group, the engagement explored “Finance, Capital and the Real Economics of Building at Scale in Africa” – examining what it takes to finance, build and sustain African enterprises of global scale.
The session followed participants’ immersion at the Dangote Refinery and used the Dangote industrial experience as a practical case through which to examine the cost and tenor of capital, infrastructure and logistics constraints, development finance, backward integration, technology and talent, institutional capacity, capital markets and the discipline required to translate ambition into enduring enterprise.
Contributors included Zouera Youssoufou, MD/CEO, Aliko Dangote Foundation; Innocent C. Ike, Group CEO, Access Holdings; Obeahon Ohiwerei, Managing Director/CEO, Coronation Merchant Bank; Adebayo Adewolu, CEO, Trium; Temi Popoola, Group Managing Director/CEO, NGX Group; Chuka Eseka, Group Managing Director/CEO, Vetiva Capital Management; David Bird, Managing Director, Dangote Refinery; Kola Karim, Chairman, Shoreline Natural Resources; and Adesuwa Okunbo Rhodes, Founder & Managing Partner, Aruwa Capital Management, alongside other leaders from business, investment and development finance.
A central theme of the discussions was how Africa can move from episodic examples of extraordinary scale to a more repeatable model of capital formation and institution-building, including deeper domestic capital markets, greater mobilisation of pension, insurance, sovereign and private capital, and stronger pathways from concentrated private ownership to broader institutional and public participation.
Speaking during the engagement, Aig-Imoukhuede said:
“Vision attracts capital, governance maintains capital, and execution by great talent compounds capital. All three must be present for an institution to endure.”
Reflecting on the cohort’s visit to the Dangote Refinery, Aig-Imoukhuede described the project as an example of the scale of ambition and execution possible on the continent:
“My dilemma as an African is that for the continent to realise its potential, vision, governance, and execution must happen repeatedly across several nations at the same time. It cannot remain episodic. We cannot wait 20 years between mega-projects. Furthermore, we must fix our greatest handicap, learning how to successfully transfer great visions and institutions from one generation to the next without restarting from the bottom.”
He also called for Africa’s financial architecture to extend across the full yield curve, connecting shorter-term commercial financing with the long-tenor institutional capital required to fund businesses and infrastructure across generations.
Reflecting on the purpose of the programme, Zouera Youssoufou noted that developing visionary leadership and expanding Africa’s capital ecosystems are fundamental to the continent’s long-term prosperity.
The discussions reinforced that Africa’s challenge is not a shortage of ambition or entrepreneurial capacity, but the need to strengthen the capital, institutional and operating systems that enable ambitious enterprises to reach scale and endure.
Closing his remarks with a challenge to the Young Global Leaders, Aig-Imoukhuede said:
“We know that figures like Aliko Dangote are rare, but all of you must be game changers. With the intellect, network and courage you possess, there are no excuses. You share the mantle of responsibility to carry these principles forward and build the enduring institutions Africa requires.”
The Finance and Investment engagement formed part of the wider ADF/WEF YGL Africa-Diaspora Leadership Programme, bringing together current and former Young Global Leaders and senior African decision-makers to examine practical models for building and sustaining African enterprises at scale.
