Can urban farming contribute meaningfully to Nigeria’s food security? 

Nigeria, Africa’s most populous nation, faces a complex web of food security challenges. Soaring food inflation, exacerbated by climate extremes, persistent insecurity in food-producing regions, and an inadequate supply of nutritious foods, has pushed millions into acute hunger. Despite vast agricultural resources, the country ranks low on the Global Food Security Index, underscoring a critical need for innovative solutions. Amidst this backdrop, urban farming, often dismissed as a niche activity, is gaining traction as a strategy to enhance food security, create income opportunities, and promote sustainable practices in urban areas.

Urban farming, encompassing a range of practices from rooftop gardens and vertical farms to community plots and aquaculture, offers the potential to localise food production, reduce reliance on distant supply chains, and enhance access to fresh, nutritious produce. As Nigerian cities continue to urbanise, converting agricultural land to other uses, the importance of maximizing food production within urban limits becomes crucial.

One of the most immediate and impactful contributions of urban farming is its ability to enhance food availability and access. By cultivating crops within city limits, fresh produce can reach consumers more quickly, drastically reducing post-harvest losses and transportation costs. This localised production directly addresses issues of food scarcity, especially for vulnerable urban populations who often struggle with the high cost and limited availability of fresh food. Successful initiatives in Lagos for instance have demonstrated how urban farms can become reliable sources of fruits, vegetables, and even protein through urban livestock and aquaculture for surrounding communities.

Beyond mere availability, urban farming plays a crucial role in improving nutritional outcomes and dietary diversity. Access to fresh, diverse produce encourages healthier eating habits, helping to combat prevalent issues like protein-energy malnutrition and micronutrient deficiencies. When families cultivate their own food, they gain greater control over its quality and freshness, often opting for more nutritious varieties. This direct link between cultivation and consumption can lead to a measurable increase in dietary diversity within urban households.

Urban farming is not just about subsistence; it holds substantial economic promise and fosters job creation. It directly generates employment opportunities in various stages, including planting, harvesting, processing, and distribution. Small-scale urban farmers can sell their surplus produce at local markets, generating income and fostering entrepreneurship. This can be particularly impactful for Nigeria’s large youth population, offering a viable path to employment and self-reliance in a landscape of high unemployment. Initiatives that provide training and access to markets, like “FarmInTheCity” in Lagos, exemplify how urban farming can blossom into full-scale enterprises.

Read Also: Nigeria’s inflation rate drops to 22.22% in June — NBS

Urban farming contributes significantly to environmental sustainability and climate resilience. Innovative urban farming techniques, such as hydroponics and vertical farming, are inherently resource-efficient, using less land and water compared to traditional agriculture. They also reduce “food miles,” significantly lowering carbon emissions associated with long-distance transportation. Additionally, urban green spaces created by farming initiatives can help mitigate the urban heat island effect, improve air quality, and enhance urban biodiversity. This makes urban farming a crucial component of climate adaptation strategies, helping cities become more resilient to the impacts of climate change, such as erratic rainfall patterns and prolonged droughts that affect traditional agriculture.

Finally, community gardens and collaborative urban farming projects serve as powerful tools for fostering community cohesion and social impact. They provide shared spaces where residents can connect, build knowledge, and foster a sense of community pride and ownership. These initiatives can also serve as educational platforms, promoting sustainable practices and raising awareness about local food systems. This collaborative spirit can be particularly beneficial in diverse urban settings, breaking down social barriers and strengthening community bonds.

For Urban farming to work in Nigeria, policy support and integration are crucial. Governments at all levels need to recognize urban farming as a legitimate and vital part of the food system. This involves developing supportive policies, streamlining land-use regulations, and integrating urban agriculture into city planning. Second, capacity building and education are essential. Investing in education and training programs is vital.

Access to finance and technology is a significant factor for urban farmers. Innovative financing models, perhaps incorporating “pay-as-you-grow” schemes for technology adoption, are needed. Also, leveraging technology like mobile apps for market access can significantly boost productivity. Lastly, adequate infrastructure, including reliable energy sources and efficient storage facilities, is crucial to minimize post-harvest losses and ensure the economic viability of urban farms. 

Urban farming in Nigeria is more than just a passing trend; it can represent a tangible and impactful pathway towards enhanced food security. By embracing innovative approaches, fostering supportive policies, and empowering urban communities with the necessary resources and knowledge, Nigeria can unlock the immense potential of its cities to feed their populations, create economic opportunities, and build a more resilient and sustainable future. The revolution of urban farming, if nurtured effectively, can indeed contribute meaningfully to Nigeria’s quest for food security.

Growing Financial Crisis: Over 70% of Nigerian cooperatives still use manual collections methods

Millions of Nigerians who depend on cooperative societies for credit and savings are at growing risk of financial setbacks, as manual dues collection methods remain the norm across the country. A 2024 study from Nnamdi Azikiwe University (source) revealed that over 70% of cooperatives still rely on handwritten ledgers and informal cash contributions—leaving them exposed to defaults, disputes, and operational breakdowns. Even outright theft is not uncommon.

Cooperatives are vital financial safety nets for millions of Nigerians, especially in underbanked communities. But as default rates rise and reconciliation periods become chaotic, a growing number of cooperatives are reevaluating how they operate—and turning to technology for help.

“We use notebooks and WhatsApp to track payments,” says Iyabo Adebayo, treasurer of a 70-member women’s cooperative in Ibadan. “If someone misses their payment, it takes me days to follow up. Sometimes I just give up.”

This challenge isn’t isolated. The same 2024 study documented how manual tracking of dues and loans in staff cooperatives significantly reduced liquidity and increased the rate of defaults. During peak periods like June—when many cooperatives conduct financial audits—the consequences of poor tracking become more severe.

Read Also: Wema named best digital bank at Euromoney awards 2025

Recognising this pattern, a growing number of cooperatives are now implementing mandate-based systems like PaywithAccount, a direct debit payment tool developed by OnePipe. The platform enables members to authorise automated deductions for recurring dues, removing friction, improving predictability, and reducing administrative overhead.

“The moment we switched to a structured mandate system, collections became smoother,” says Emeka Chukwu, who oversees a transport workers’ cooperative in Enugu. “It gives us peace of mind. No more excuses.”

Speaking on the trend, Ope Adeoye, CEO of OnePipe, said this trend portends a deeper systemic issue. “When treasurers spend more time chasing payments than managing funds, the model begins to collapse. It’s encouraging to see more cooperatives adopting direct debit tools like PaywithAccount. The increase in uptake reflects a real need—people want structure they can trust, especially in these tough economic times.”

Industry experts believe such solutions could help stabilize grassroots finance. “When dues are predictable, planning becomes possible,” says Temi Adedeji, a digital finance consultant. “It means more loans issued, better savings discipline, and less stress for treasurers.”

As Nigeria’s cooperatives approach their mid-year audits and dividend planning cycles, the need for more resilient, automated collection systems is becoming harder to ignore.

Wema named best digital bank at Euromoney awards 2025

Wema Bank’s ALAT, the first fully digital bank in Africa, has been recognized as Nigeria’s Best Digital Bank at the Euromoney Awards 2025.

Euromoney is a leading provider of competitive intelligence and benchmarking insight for the global banking and finance industry, trusted for over 50 years to deliver data-led analysis that informs strategy, validates performance, and supports decision-making at the executive level.

ALAT has revolutionized the banking landscape in Nigeria and globally, providing seamless and convenient financial services to individuals and businesses.

Since its launch in 2017, ALAT has evolved into a holistic hub of lifestyle and financial solutions, offering a range of services including transfers, airtime and data purchases, bill payments, and loans.

Speaking at the award ceremony in London, Wema Bank’s Managing Director and CEO, Moruf Oseni, expressed gratitude to the Euromoney Awards for recognizing the bank’s impact on digital innovation in Africa.

He reiterated the bank’s commitment to developing digital solutions for societal impact and shaping the future of banking.

“The world is moving fast, and so is the permeation of ‘digital’ into the most critical aspects of our lives. 80 years ago when Wema Bank was established, typewriters were the extent of banking technology.

“Today, we have pioneered a fully digital bank, and possess technology advanced enough to power over 150 FinTechs. In ten years, one can only imagine what this fast-paced digital economy will bring.

“One thing is clear, any business, venture or institution that will remain relevant by the end of the next decade, must leverage digital technology today.

“This is why Wema Bank is so driven when it comes to digital. Innovation and empowerment.

Read Also: Wema Bank to boost entrepreneurship, investment with Hackaholics 6.0

 “As a Bank, our stance is clear. Wema Bank will never relent in empowering lives through innovation and developing digital solutions for societal impact.

“We will continue to pioneer innovation, empower innovators and bridge the gap between traditional and digital, leveraging the opportunities of the digital world to generate meaningful impact on lives and businesses in Nigeria, Africa and across the world.

“We have remained resilient in this commitment since 1945 and this award tells us that the world is feeling our impact.

“We are honoured by this recognition, and I take this opportunity to extend our sincerest gratitude to the Euromoney Awards. We take this as a challenge to keep up the good work, go harder, and continue going above and beyond in shaping the future of banking through digital innovation.

“Here’s to 80 years of impact and a future of limitless possibilities with Wema Bank.”

Wema Bank has been a pioneer in digital innovation, launching several industry-firsts, including ALAT, ALAT For Business App, CoopHub App, Wema Phygital, ALATPay, and the ALAT Xplore App.

The bank’s commitment to digital innovation has positioned it as a leader in the Nigerian banking industry.

The Euromoney Awards are a prestigious recognition of excellence in the banking and finance industry. Wema Bank’s ALAT is a testament to the bank’s commitment to innovation and customer satisfaction.

ECOWAS Bank approves €174m for investment, $125m to boost trade

The ECOWAS Bank for Investment and Development (EBID), development finance institution of the Economic Community of West African States (ECOWAS), has approved funding to boost trade, strengthen infrastructure and support social development in the region.

The bank, on Thursday in Lagos in a report from its 92nd ordinary session, signed by its Head, Communication and External Relations Unit, Anita Somda.

According to EBID, it approved €174 million for investments and $125 million for social development.

The bank said the fundings were to finance projects aimed at stimulating economic growth and fostering industrialisation for the sub-region.

It gave a breakdown of the projects the approved sums would provide as €50 million project for the construction and equipping of six technical education and vocational training centres by planet one, in the Togolese Republic.

“The project aims to equip the Togolese youth with skills that are in high demand for various industries.

“It is expected that 3,480 learners per year will benefit from training, building a more productive and competitive workforce,” the report said.

EBID added that it covered a $25 million project for the import of clinker by Société de Ciment de Côte d’Ivoire in the Republic of Côte d’Ivoire.

It said this project would increase the availability of cement products in Côte d’Ivoire by importing 400,000 tonnes of clinker.

Also, there was a €28.9 million project to modernise and bring up to standard four agricultural high schools in the Republic of Guinea.

“This multi-sectoral development project will help to improve the employability of Guinea’s young people and provide a structural solution to youth unemployment.

“Also, a € 95.163 million project to build three hydroelectric micro-power stations (30 MW) with SOGEOH at Poukou, Bolokoun, and Biwbaw in the Republic of Guinea.

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“This project aims to harness local hydraulic potential in areas with poor access to power to produce renewable energy, thereby improving living conditions and generating economic activity to benefit rural populations,” it said.

The bank also approved a $100 million funding for the Lagos-Calabar coastal motorway project, in the Federal Republic of Nigeria.

It said that this project, which spanned 47.7 km, would link nine Nigerian states, improve access to seaports and isolated agro-industrial areas.

EBID noted the funding would also contribute to the emergence of a regional value chain to help coastal communities.

“These newly approved commitments align with the United Nations Sustainable Development Goals (SDGs), in particular SDG 4 – Quality Education, SDG 7 – Affordable and Clean Energy and SDG 9 – Industry, Innovation and Infrastructure.

“They are also EBID’s strategic plan to promote resilience, inclusive and sustainable growth and development in the ECOWAS region.

“With this investment, EBID’s total commitments to date in the sub-region amount to over five billion dollars,” the bank said.

(NAN)

IWD: Reveal Communications celebrates Johnson, Ogbe, Etim-Effiong, women shaping the PR industry in Nigeria

In celebration of International Women’s Day, Reveal Communications recognizes the remarkable women driving innovation and excellence in Public Relations and Communications. These trailblazers are not only shaping narratives but also elevating brands, fostering industry growth, and inspiring the next generation.

Today, we shine a spotlight on three outstanding women whose contributions continue to redefine PR and media strategy in Nigeria and beyond.

Omawumi Ogbe – Award-Winning PR Leader and Reputation Manager

A force in Public Relations and Corporate Communications, Omawumi Ogbe is the Managing Partner of GLG Communications, one of Nigeria’s top PR and reputation management firms. Under her leadership, the firm has earned multiple awards, including the Best Innovation in PR at the 2022 LaPRIGA Awards.

With a postgraduate degree in Media and Communication from Pan-Atlantic University, Omawumi’s expertise spans brand strategy, media relations, and leadership training. Her impact extends beyond PR—she is the first female president of the Life Coaches Association of Nigeria (LCAN) and has received numerous accolades, including the 2023 Outstanding PR Personality of the Year by Marketing Edge.

Read Also: IWD: You’re bedrock of our nation, Tinubu tells women

Through her work, Omawumi continues to elevate brand perception, corporate storytelling, and personal development, making her a standout figure in PR.

Ifeoluwa Oluwatosin Johnson – Strategic Storyteller and Media Expert

With a career that spans Arise News and Souq News, Ifeoluwa Oluwatosin Johnson has made her mark as a leader in media relations, strategic communication, and content production. Her expertise in high-profile productions, audience engagement, and digital storytelling has helped brands and organizations connect with their audiences in meaningful ways.

As the founder of RJM Company, Ifeoluwa continues to craft compelling narratives and execute strategic communication plans, ensuring her clients maintain a strong presence in the ever-evolving media landscape. Her dedication to advocacy, brand positioning, and PR excellence makes her a key player in the industry.

Toyosi Etim-Effiong – Media Entrepreneur and Talent Strategist

A visionary in media entrepreneurship and talent representation, Toyosi Etim-Effiong is the founder of That Good Media, a company that bridges Nollywood and the global film industry, ensuring Nigerian creatives receive global recognition and equitable opportunities.

With a background in Economics (Bowen University), Economic Development (University of Nottingham), and Broadcast Journalism & Producing (New York Film Academy), Toyosi combines business strategy with creative storytelling. Her company has facilitated multi-million-naira deals for talents, expanding Nollywood’s reach to international markets.

Beyond her work in media strategy, Toyosi is passionate about women empowerment and mentorship. She has served as an FCMB SheVentures Mentor and played a key role on the board of the Green Girl Company, organizers of the Raising Girls Summit and Miss Nigeria pageant.

Reveal Communications Honors Women in PR

At Reveal Communications, we celebrate women breaking barriers, shaping industries, and leading innovation in PR, media, and communications. These three incredible women—Ifeoluwa Oluwatosin Johnson, Omawumi Ogbe, and Toyosi Etim-Effiong—embody excellence, resilience, and leadership, inspiring others to pursue greatness in the world of public relations.

On this International Women’s Day, we applaud their achievements and the contributions of countless women driving change in PR and beyond. Here’s to more women leading, thriving, and transforming the industry!

Shettima reaffirms Nigeria’s commitment to Africa’s digital trade agenda

Vice-President Kashim Shettima, on Wednesday, reaffirmed Nigeria’s commitment to leading Africa’s digital trade agenda under the African Continental Free Trade Area (AfCFTA).

Shettima, represented by the Minister of Industry, Trade, and Investment, Dr Jumoke Oduwole, stated this on Wednesday at the AfCFTA Digital Trade Workshop and Global Market, in Abuja.

The News Agency of Nigeria (NAN) reports that the workshop, which brought together officials from the federal and state governments, and private sector experts, was themed: “Unlocking State Exports Potential.”

According to Shettima, Nigeria’s progress in digital commerce, services, and innovation, has positioned the country as the continent’s digital trade hub.

“Our innovations in mobile payments have transformed cross-border payments, financial inclusion, and digital transactions across the continent,” he stated.

” The AfCFTA Digital Trade Protocol aims to increase intra-African trade from 18 per cent in 2022 to 50 per cent by 2030.

“With over 109 million internet users and a thriving mobile economy, Nigeria has the foundation to lead Africa’s digital commerce evolution,” Shettima noted.

“The Internet economy is projected to contribute 5.2 per cent of Africa’s GDP this year, with the continent’s digital economy expected to reach $180 billion, up from 115 billion dollars in 2020.”

He noted that Nigeria had modernised its passport application system and invested in port infrastructure to streamline trade procedures, reduce customs processing times and enhancing the country’s ability to handle a major share of West Africa’s cargo.

“Let us move rapidly from the text of the protocol to the actuality of a digitally enabled trade as a catalyst for prosperity for all,” he added.

Earlier, the Minister of Youth Development, Mr Ayodele Olawande, described the workshop as a welcome development.

He recalled that in 2024, President Tinubu approved the Nigerian Youth Investment Fund to empower Nigeria’s young entrepreneurs and SMEs.

Also, Gov. Uba Sani of Kaduna State, said a nation that failed to embrace digital trade would certainly be left behind.

Sani, represented by his deputy, Dr Hadiza Balarabe, applauded the Tinubu administration for making significant strides in the ICT sector.

Read Also: Tinubu inaugurates multiple projects in Kogi

“Digital trade platforms have eliminated traditional trade barriers, allowing businesses, both big and small, to participate in regional and global markets like never before.

“Today, we are reminded of the immense potential that lies within the African Continental Free Trade Area in a world increasingly defined by interconnectivity.

“We must seize this moment, not merely as a challenge, but as a powerful catalyst for growth and development.

“Digital transformation stands today as the cornerstone of innovation and sustainable growth.

“With 65 per cent of our population under the age of 25, Nigeria possesses the demographic advantage to become a global digital powerhouse.“

On her part, the Minister of Art, Culture, Tourism and Creative Economy, Hannatu Musawa, commended the Vice-President for championing digital trade innovations.

Musawa said while Nigeria has the tools to unlock its potential in the sector, AfCFTA was an opportunity to leverage the nation’s strength, especially in the creative industry.

“As the Minister of Arts, Culture, Tourism and the Creative Economy, I believe that the creative and culture industries are not just mere expressions but are real powerful drivers of the economy.

“Our ministry is committed to positioning Nigeria’s creative sector as a cornerstone of export through growth under the free trade area.

“Through the Creative Economy Development Fund that was recently approved, we are pioneering a new frontier, enabling creators to transform their intellectual property into bankable assets.

“And I think this is a very important and formidable initiative,” the minister stated.

(NAN)

Wema Bank unveils activities for International Women’s Day 2025

Wema Bank has announced plans to commemorate the International Women’s Day (IWD) 2025, further solidifying its position as a gender equality and inclusion-driven bank.

As part of its activities, Wema Bank will host the IWD 2025 Event on Tuesday, March 11, 2025, in Lagos, Nigeria. 

The event with the theme: “Harnessing innovation & technology to accelerate financial inclusion for women,” will bring together influential women from various industries to discuss the importance of leveraging innovation and technology to promote financial inclusion for women.

The event will also feature the Big Sister Project of the Wema Women Network, which recognizes beneficiaries of the bank’s women-focused mentorship program. Additionally, the HeForShe Awards will be presented to male employees who have made significant contributions to women empowerment in the workspace.

Read Also: Wema Bank to boost entrepreneurship, investment with Hackaholics 6.0

Throughout the month of March, Wema Bank has curated various activities to celebrate and reward women across Nigeria. These include the Wema Bank 5 for 5 Promo Season 4 women’s month draw, where 131 women will receive N11,000,000 in cash rewards, and the Wema Women Network (WWN) outreach initiative for young female students.

Commenting on the bank’s commitment to women empowerment, MD/CEO Moruf Oseni (FCIB) stated:  “In a world that is increasingly becoming digital, no conversation on sustainable development can be productive without giving consideration to how solutions in such regard will thrive and remain relevant as the world continues to evolve, As Nigeria’s oldest indigenous and leading innovative Bank, we are both deeply rooted in the advocacy for empowerment and remarkably forward thinking, so our mission of empowering lives is one that goes far beyond lip service”.

“We recognise the gap that exists in gender equality and as a pro-women bank, we have continued to develop new and more efficient ways to accelerate action for women empowerment. This is why we launched our women-focused proposition, SARA by Wema and this is why we are so intentional about making room for women in the spaces that matter and developing solutions that empower women to thrive in their personal and professional lives.

“So, for IWD 2025, we are thinking beyond the now, as always, and looking far into the future to accelerate action for sustainable women empowerment by maximising technology and innovation to amplify impact. With this futuristic mindset, we successfully provided over N50 billion in finance, disbursed $2.4 million in collaboration with the Islamic Development Finance under the BRAVE Women project, and reached over 2million women through various skills development, business support, and market access programme—and these are just some of our numbers between 2019 and 2023.

“Imagine how much progress can be made in the global quest for women empowerment if more individuals and institutions begin to replicate the Wema approach. This is the vision that has kept us driven for 8 decades and these are some of the important discussions we will address at the Wema Bank International Women’s Day 2025 Event”.

As the bank approaches its 80th anniversary, its IWD 2025 activities will reinforce its position as a leader in promoting gender equality and inclusion.

Wema Bank to boost entrepreneurship, investment with Hackaholics 6.0

Wema Bank says it aims to further stimulate entrepreneurship, attract investment, and accelerate Nigeria’s economic development by fostering a thriving technology ecosystem that complements the creative economy.

Executive Director, Retail and Digital Business, Wema Bank, Mr Tunde Mabawonku, disclosed this at the sidelines of a news conference on call for applications for the sixth edition of the bank’s Hackaholics 6.0 initiative in Lagos.

Hackaholics 6.0 focuses on attracting “bold, cutting-edge solutions” in key sectors like AI, blockchain, renewable energy, customer experience, and cybersecurity.

He explained that the innitiative aligns with the bank’s strategic vision for its 80th anniversary in 2025, while it serves as a platform for developing solutions that address critical economic challenges.

According to him, the programme has the potential to generate innovations that create new avenues for economic activity and job creation, and has recorded past successes in areas like transportation and healthcare.

He emphasised that with the inmitiative, the bank focuses on Science, Technology, Engineering and Mathematics (STEM) education and technological innovation as essential for future economic competitiveness.

Similarly, Chief Transformation Officer, Wema Bank, Mr Babatunde Mumuni, said that the bank had continued to give support to innovative start-ups to progress.

He said, “From inception to date, we have had a total of 18 winners and we have given out about 200,000 U.S. dollars in grants to all the winners from inception to date.

Read Also: Tallest Building in Nigeria, other facts about FirstBank’s new headquarters you should know

“As the years have passed, we have continued to increase the prize money. And note that by saying grants, the focus of the bank has basically been to find ways to empower these guys to progress.”

Head of Innovation, Mr Solomon Ayodele, said the theme of the 2025 innovation programme is, “Steep beyond algorithms, engineering, disruptive innovation”.

According to him, imthe innitiative aims to position Africa at the forefront of global technology and will feature a dual-track approach for technical talent and high-growth startups, focusing on verticals like customer experience and financial inclusion.

He explained that Regional hackathons would be held across Nigeria’s six geopolitical zones and Lagos, culminating in a grand finale.

Expanding its reach, he said that the programme would also include events in Accra, Ghana, and Kigali in Rwanda, acknowledging the growing number of applications from these regions.

Ayodele emphasised the programme’s accessibility, welcoming applications from various tech professionals and startups.

He noted that finalists would have the opportunity to join an accelerator programme, gaining access to resources and potential funding.

Past participants, such as Sophia Sadeeq, Chief Executive Officer (CEO) of MyTherapist.ng, and Ugonna Ginigeme, CEO of FIGO, shared their success stories.

Sadeeq, winner of the Women-Led Prize, praised the programme’s mentorship and networking opportunities.

Ginigeme, winner of the MetaLog Prize, highlighted the significant partnership opportunities with the bank.

Both entrepreneurs encouraged startups to apply, citing the programme’s transformative impact. (NAN)

Tallest Building in Nigeria, other facts about FirstBank’s new headquarters you should know

First Bank will, on Wednesday, March 5, 2025, conduct the groundbreaking ceremony for its new green-certified iconic head office building at Eko Atlantic City, Lagos.

A statement by Ag. Group Head, Marketing & Corporate Communications, First Bank of Nigeria Limited, Olayinka Ijabiyi, said the 40-storey building project is designed to be the tallest building in Nigeria.

“It will be an engineering and environmental delight due to its technologically advanced, eco-friendly and sophisticated construction which would set a new standard for the financial services sector in Africa,” the statement said in part.

Here are facts about First Bank’s new headquarters you should know

·  Tallest Building in Nigeria – The new 40-storey headquarters will be the tallest building in the country once completed.

·  Located in Eko Atlantic City – The structure will be situated in Eko Atlantic City, Lagos, a cutting-edge business and financial district built on reclaimed land.

·  Eco-Friendly and Green-Certified – Designed with sustainability in mind, the headquarters will be energy-efficient, reducing operational costs and environmental impact.

Read Also: 10 affordable alternatives to DStv, GOtv in Nigeria

·  A Landmark Engineering Marvel – The building will feature advanced technology and sophisticated architecture, setting a new benchmark for the banking industry.

·  Symbol of First Bank’s Legacy – With over 130 years of banking history, First Bank’s new headquarters represents its commitment to growth, innovation, and excellence.

·  Enhancing Financial Services – The modern facility will provide an enhanced banking experience for customers, employees, and stakeholders.

·  Boosting Economic Growth – The new headquarters is expected to drive economic activities, attracting investments and reinforcing Lagos as a global financial hub.

·  High-Profile Groundbreaking Ceremony – The project was launched with key dignitaries in attendance, including President Bola Ahmed Tinubu, top government officials, and business leaders.

·  Femi Otedola’s Role – As Chairman of FirstHoldCo, Femi Otedola has emphasized the significance of this project in shaping the future of banking in Africa.

·  A Bold Step for African Banking – The headquarters symbolizes First Bank’s ambition to lead Africa’s banking transformation, integrating technology, sustainability, and modern finance solutions.

10 affordable alternatives to DStv, GOtv in Nigeria

MultiChoice Nigeria, the parent company of DStv and GOtv, on Monday announced a price hike on its subscription packages from Saturday, March 1, 2025.

New Subscription Rates for DStv and GOtv

DStv New Prices (Monthly Subscription)

Premium: ₦44,500

Compact+: ₦30,000

Compact: ₦19,000

Confam: ₦11,000

Yanga: ₦6,000

Padi: ₦4,400

HDPVR Access Service: ₦6,000

Access Fees: ₦6,000

XtraView: ₦6,000

GOtv New Prices (Monthly Subscription)

Supa+: ₦16,800

Supa: ₦11,400

Max: ₦8,500

Jolli: ₦5,800

Jinja: ₦3,900

Smallie: ₦1,900

Read Also: FULL LIST: Multichoice unveils new prices for DStv, GOtv subscription

As prices rise, Nigerian viewers are exploring alternative options, ranging from streaming platforms to affordable pay-TV services.

Here are 10 cost-effective substitutes:

1. Showmax

A streaming service offering Nollywood content, international movies, and live sports.

2. Netflix

Provides a vast collection of Nollywood and global content, with flexible subscription plans.

3. Amazon Prime Video

Features exclusive TV shows and movies, including Nigerian productions.

4. YouTube Premium

Allows ad-free video streaming and access to exclusive YouTube Originals.

5. IrokoTV

A Nigerian-based platform specializing in Nollywood films and African series.

6. Airtel TV

Offers a mix of local and international channels, available for Airtel subscribers.

7. MTN TV+

Provides affordable mobile streaming with access to various entertainment options.

8. FreeTV Nigeria

A government-backed free-to-air service providing local and international stations.

9. TStv Africa

A Nigerian pay-TV service with pay-as-you-watch pricing models.

10. StarTimes

A direct competitor to DStv and GOtv, offering diverse entertainment at lower costs.

With the new DStv and GOtv prices set to take effect, subscribers must weigh their options. Whether sticking with traditional pay-TV or exploring cost-effective streaming and satellite alternatives, Nigerian viewers now have more choices than ever.

As public outcry continues, it remains to be seen whether regulatory bodies will intervene or if the market will naturally shift toward more flexible and budget-friendly services.