The financial institution viz-a-viz the banking sector has continued to play a major role in the Nigerian economy. The financial intermediaries’ impact on the country’s GDP, therefore, cannot be overemphasized as the banking sector continues to indicate a fast industry growth rate potential, year on year. However, commercial banks have recently had to sail in the storm to achieve marginal growths, while facing the recurring challenges of regulatory hurdles, unstable economic environment, and significant non-performing loans. These gaps in the market including financial and social exclusion exacerbates the need for capital and other financial products and social services.

The global health transition from treating illness to managing health has led to the emergence of integrated health care delivery and financing systems requiring greater investments in health and resulting in increased global health outcomes and social good. This intersection of financial and social inclusion presents opportunities for MSGM Agora to invest in financial institutions that provide liquidity and leadership, product innovation, and technology to support economic growth and strengthen financial systems in Africa.

Specific opportunities in the Nigerian financial market include:

• Large scale entry into Nigeria, the second largest economy in Africa, representing $510 billion in GDP and average real GDP growth rate more than 6.6%
• Strategic ownership position investors to drive value-creation and contribute to organizational transformation, as a platform to drive our financial inclusion agenda while pursuing an aggressive Return-on-Equity expansion via operational optimization, fill-in acquisitions, and enhanced access to capital.
• Basis for a multi-country banking operation in one of the largest trading blocs in Africa (ECOWAS), comprising 15 countries with a combined population in excess of 350 million and representing over $675.9 billion in GDP and average real GDP growth rate in excess of 6.0%
• Platform well positioned to capture the trade and investment flows between Africa and Asia.