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IFC, C2FO to Enhance Financing for Local Enterprises in Africa

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C2FO IFC MSMEs

By Adedapo Adesanya

The International Finance Corporation (IFC), a member of the World Bank Group, has made a strategic partnership with a leading global supply chain finance platform, C2FO, to increase the availability of affordable finance and strengthen local enterprises and supply chains across Africa.

The partnership, announced on Monday, will see IFC and C2FO jointly develop, test, and deploy a specialised, web-based multinational working capital platform for micro, small, and medium enterprises (MSMEs) across Africa.

This move is IFC’s first dedicated supply chain financing facility in Africa for smaller businesses where MSMEs account for up to 90 per cent of businesses and 80 per cent of jobs across the continent, yet these enterprises struggle to obtain working capital through the traditional financial system, constraining the growth of firms.

This comes after World Bank President Ajay Banga last week announced a strategic priority that will make such financing critical for helping build more sustainable economic ecosystems and for strengthening food security.

The programme will utilize C2FO’s patented technology and dynamic discounting model to connect MSME suppliers and their anchor buyers with global and local financial institutions.

The programme will begin in Nigeria, where C2FO estimates that a national supply chain finance platform could unlock around $25 billion in annual financing for MSMEs.

IFC has estimated that for every $1 million of working capital made available in developing countries,16 new jobs are created over two years.

“Those institutions will use the platform to extend affordable receivables financing to suppliers through the funding of discounted invoices accepted for payment by buyers. In turn, African MSME suppliers will be able to improve their access to working capital by converting sales receivables into immediate cash, leveraging the better credit risk of buyers without requiring collateral or facing other barriers of traditional lending,” a statement added.

Speaking on this, Mr Makhtar Diop, IFC Managing Director, said, “IFC is committed to addressing the financing challenges faced by SMEs in Africa. By partnering with C2FO, we aim to unlock significant funding opportunities for these enterprises, enabling them to thrive and contribute to economic growth.”

“C2FO is honoured and delighted to collaborate with IFC to broaden the global impact of our working capital finance model throughout Africa. We believe this innovative approach will provide much-needed liquidity to MSMEs, helping them to grow and succeed,” said Mr Alexander “Sandy” Kemper, C2FO founder and CEO.

“It’s only natural that this work begins in Africa’s most populated country, Nigeria, which has an especially promising small business sector.”

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Without an Empty Grave, There is no Christian Faith—Apostle Flourish Peters

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Jesus + Nothing Worship

By Aduragbemi Omiyale

The Lead Pastor and Apostolic Head of the Love of God in Christ (LOGIC) Churches Global, Apostle Flourish Peters, has stressed the significance of the resurrection of Jesus Christ to the Christian faith.

Speaking at the church’s inaugural Jesus + Nothing Worship on Good Friday in Lagos, he informed the congregation that, “Without an empty grave, there is no Christian faith.”

“Our faith is fundamentally premised on this singular, undeniable truth – the empty grave. This is what distinguishes our faith; while over 4,000 religions exist, only one points to a vacated tomb.

“Ours is the unique faith where the very person we worship lives within us. We are truly elated that through the resounding success of Jesus + Nothing Worship, we were able to bring christocentric worship to the masses,” the cleric added.

Business Post reports that the programme, a powerful evening of gospel music, left attendees deeply moved and spiritually uplifted.

It served as a profound reminder of the sacrifice and glorious resurrection of Jesus Christ, emphasising the core message that through a sober Friday came a Good Friday for all.

Several entertainers, including Timi Dakolo and Greatman Takit, alongside Neon Adejo, SMJ, Noble G, Steve Hills, Lily Perez, Joxie, Anderson Qozan, Pastor Victor Paul, Emeka Songz, Flo, Dorcas Moore, Magpsalms, Mera Owili, Gerald Bishung, Phebe Lion, Larry J and the Evolution Children’s Choir delivered soul-stirring performances that resonated with the central theme of redemption through Jesus Christ at the church’s headquarters in Lekki.

Apostle Peters said Jesus + Nothing Worship was an impactful success, declaring that it would become an annual event.

He emphasised that this worship session is intentionally focused on Jesus Christ, the message of salvation, and providing a vital platform to unveil the gospel talents within The LOGIC Church.

Jesus + Nothing Worship has been a truly unifying experience, allowing us to collectively focus on the profound significance of Jesus’ death and the abundant life we have in His resurrection.

“It is our vision to create a consistent platform where the power of music can amplify the core message of the Gospel and provide an opportunity for the incredible music ministers within our church to impact lives,” he stated.

Building on the momentum of the successful 2024 Jesus + Nothing Conference, the Jesus + Nothing Worship further solidified The LOGIC Church’s mission to cultivate a family centred on grace and faith, where the transformative Love of God in Christ is tangibly felt.

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Tinubu to Return to Nigeria Today After 19 Days Away

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Tinubu address nation

By Adedapo Adesanya

President Bola Tinubu will return to Nigeria today from his work visit to France, the presidency has said.

The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed this in a post on his X handle on Monday.

President Tinubu left Nigeria on April 2, 2025, for Paris, France, on a short working visit. This means the President would have spent 19 days in the European nation if he arrives today.

According to the statement, President Tinubu used the retreat to review the progress of ongoing reforms and engage in strategic planning ahead of his administration’s second anniversary.

His latest trip had been faulted by major opposition leaders who criticised him for being away despite the rising insecurity in the country, especially in Benue and Plateau states, where scores of residents have been killed in attacks on several communities.

President Tinubu closest opponent at the 2023 presidential election and former Vice President, Mr Atiku Abubakar, asked him to end his trip to France and address the spate of insecurity in Nigeria.

Mr Atiku questioned Mr Tinubu’s continued stay in the European country despite the spate of killings across Nigeria.

“While Tinubu dines under chandeliers in the land of good governance, the country he governs is spiraling into chaos. Plateau has turned into a killing field — over 100 lives lost in relentless attacks,” his spokesman, Mr Paul Ibe, said in a statement on April 17.

Also, the presidential candidate of the Labour Party in the 2023 general elections, Mr Peter Obi, urged Mr Tinubu to suspend his France trip and urgently return to Nigeria to address the deteriorating security situation, particularly in Plateau and Benue states.

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NTYTP Advocates Youth-Driven Leadership, National Renewal

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Nigerian youths

By Modupe Gbadeyanka

A youth-focused leadership development advocacy group known as the Not Too Young To Perform (NTYTP) has called for a renewed focus on youth-driven leadership and national transformation in Nigeria.

In a statement to greet Christians around the world for Easter, the organisation emphasised the urgent necessity of bringing more young people into leadership positions, noting that resetting the nation’s trajectory requires fresh energy, innovative ideas, and a break from the mistakes of the past.

In the message signed by its National Secretary, Mr Muhammed Bello, NTYTP described the 2025 Easter celebration as a period for deep reflection on the life, sacrifice, and resurrection of Jesus Christ — a story that embodies patience, perseverance, sacrifice, and ultimate victory.

It said the crucifixion and resurrection of Christ stand as timeless examples of strength, determination, and divine restoration, offering crucial lessons for a nation like Nigeria, which is currently in need of significant economic, social, and institutional reforms.

“We use this yuletide period to appeal to all State actors to prioritize the progress of this country above politics, region, ethnicity, and religion.

“Our actions today will determine whether future generations inherit a country they can be proud of,” the group stated.

NTYTP also expressed hope that the spiritual significance of Easter would inspire Nigerians to work collectively towards building a nation where unity, justice, and prosperity reign.

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