In a world where success often remains elusive, one company has shattered expectations and emerged as a true industry star. Moniepoint MFB, a leading technology-driven business bank in Nigeria, has captured the spotlight by receiving the prestigious Rising Star Family Business Award.
This honor recognizes their remarkable journey, marked by significant achievements and contributions to the Nigerian economy.
At the 2023 Family Business Summit, Moniepoint MFB’s General Counsel, Okechukwu Eke, emphasized the vital role family businesses play in the nation’s prosperity and reaffirmed the company’s commitment to fostering long-term success and economic vitality through innovative solutions.
Eke declared, “Moniepoint MFB remains dedicated to empowering the dreams of family businesses while continuously innovating to create more opportunities, financial happiness, and deeper financial inclusion. We are thrilled to be acknowledged for our positive contributions to the economy and eagerly anticipate collaborating with stakeholders, especially government entities, to instill renewed hope in all Nigerians.”
Dr. Jumoke Oduwole, Special Adviser to the President on Presidential Enabling Business Environment Council (PEBEC) and Investment shed light on the incredible impact of family businesses, which number around 23.8 million and collectively contribute approximately $200 billion to Nigeria’s economy annually.
These enterprises are a cornerstone of the nation’s financial landscape, and Oduwole stressed the need to ensure their sustainability.
She also underscored the government’s unwavering commitment to making Nigeria an even more conducive environment for businesses to thrive, particularly focusing on micro, small, and medium enterprises.
The goal is to encourage the emergence of successful businesses, akin to international giants like Nike and BMW, originating from Nigerian soil and expanding their influence both across Africa and globally.
The 2023 Family Business Summit, a collaborative effort by Businessday, My Family My Business, and PwC Nigeria, brought together industry experts and leaders to discuss the theme, “Built to Last: Building A Multigenerational Business in the Age of Volatility.”
The event featured prominent figures such as keynote speaker Martin Roll, Sam Abu, Oyeyemi Oke, Toyin Sanni, Cosmas Maduka Jrn, Ope Agbato, and Oludayo Obasanjo, who all shared their insights and experiences in the realm of family businesses.
Moniepoint MFB’s recognition and the discussions at the summit serve as a testament to the remarkable resilience and potential of family businesses in Nigeria, further illuminating their path to enduring success in an ever-changing world.
