Leo Stan Ekeh, Chairman of Zinox Group, has described President Bola Tinubu’s investment-friendly reforms as a serious increase for investor confidence and a repositioning Nigeria’s economic system.
Ekeh, in a press release on Friday in Lagos, mentioned the President demonstrated boldness by implementing reforms instantly upon assuming workplace, warning that any delay may have additional contracted the economic system and eroded investor belief.
He pointed to endorsements by the World Bank and remarks from WTO Director-Common Dr Ngozi Okonjo-Iweala as validation that Tinubu’s reforms are progressive and credible.
What he’s saying
Talking in his assertion on Friday, based on the Information Company of Nigeria,
- “Sentiments apart, President Tinubu is a well-exposed visionary. He’s investment-friendly, brave, and a group participant. This displays within the daring choices he has taken, which have attracted world recognition,” Ekeh mentioned.
The Zinox Group boss famous that main multinationals in Africa’s ICT ecosystem are increasing investments in Nigeria and partnering extra with native gamers, contributing to the sector’s rising function within the nation’s Gross Home Product.
Ekeh additionally recalled Tinubu’s help for the launch of Zinox digital merchandise in 2001 when he was governor of Lagos State, highlighting the president’s forward-looking imaginative and prescient for a digitally pushed economic system.
Backstory
In 2023, Tony Elumelu, Chairman of Inheritor Holdings and distinguished billionaire investor, described President Tinubu as a business-friendly chief throughout an interview on Channels TV in New York.
Elumelu highlighted Tinubu’s dedication to creating an enabling surroundings for companies, noting that his insurance policies are more likely to appeal to important world personal capital searching for appropriate funding locations.
President Tinubu additionally lauded the Nigerian Change Group (NGX Group), market operators, listed firms, and buyers for pushing Nigeria’s equities market previous the N100 trillion market capitalization milestone.
In a press release on the shut of enterprise on January 8, 2025, he mentioned the milestone displays rising belief in Nigeria’s reform agenda and inspired residents to take part extra actively within the capital market to maintain wealth creation and financial progress.
What it’s best to know
Reflecting on his personal journey, Ekeh shared that he returned from the UK after leaving his postgraduate programme to pursue alternatives in Nigeria. He described his mission as selling “digital democracy” in a rustic that was largely analogue on the time.
Via initiatives akin to Computerise Nigeria, Zinox has offered computer systems and digital coaching to properties, faculties, and authorities businesses, enhancing productiveness and supporting e-governance efforts. The corporate has since expanded into oil and gasoline, finance, and public sector options.
Advising younger entrepreneurs, Ekeh emphasised that entrepreneurship is difficult anyplace on this planet, however persistence, perseverance, and dedication can assist them succeed. He additionally confirmed that regardless of alternatives, he has averted politics, selecting as a substitute to help progressive, idea-driven leaders.
Ekeh is acknowledged for a number of firsts in Nigeria’s ICT sector, together with the institution of Zinox Applied sciences Restricted, which produced Nigeria’s first internationally licensed branded computer systems in 2001.
