The managing director and chief executive of Capital Plus Management Limited, Oluseyi Odufuwa, has explained why Nigeria remains resilient despite global economic disruptions, saying the country has shown strength through responsive economic policies.
Odufuwa, who is an asset management expert, noted that the economic shocks were triggered by shifts in the United States trade policies, including tariffs introduced by President Donald Trump.
He spoke at the maiden Annual General Meeting (AGM) of the company held in Ikeja, Lagos, focusing on the impact of global economic uncertainties on Nigeria.
Odufuwa noted that Nigeria is not insulated from global finance, trade or foreign policy decisions, stressing that it has demonstrated strength through responsive economic policies.
“Although Nigeria is affected by US 15 percent tariff, the impact is limited because the country does not export significantly to the US aside from crude oil, which was exempted,” he said.
He added that other countries, such as China, faced tariffs as high as 45 percent, resulting in deeper economic strain.
According to him, President Bola Tinubu’s policy responses account for Nigeria’s resilience, adding that despite fears that tariffs would severely harm the economy, the country adapted through swift socio-economic policies that stabilized growth and maintained momentum.
“Economic indicators are cited to support this claim. Nigeria’s GDP growth exceeded IMF and World Bank projections, reaching nearly 3.9 percent. Inflation, which peaked around 38 percent in 2023, steadily declined to about 14.4 percent by November, indicating reduced economic pressure,” the managing director noted.
Continuing, he said, “food inflation, a major burden on ordinary citizens, also dropped significantly from around 40percent to about 20 percent. This reduction reflects improved agricultural output and policy focus on mass welfare, making basic commodities more affordable, even though broader economic goals are still in progress.”
Odufuwa revealed that Capital Plus, an asset management firm licensed in late 2024, since beginning operations in early 2025, has grown from zero assets under management and aims to support Nigeria’s economy.
He said the company would support the country through investments across sectors such as power, green and blue economies, real estate, and production, with long-term projections extending 10–15 years into the future.
In his remarks, Adeleke Adekoya, Director, emphasized Capital Plus commitment to strong corporate governance, ethical leadership, and full regulatory compliance.
“The company recognizes trust as the foundation of the asset management industry and stresses the importance of a clear separation between board oversight and management execution to ensure balance, accountability, and long-term stability,” he said.
According to him, the board is tasked with strategic guidance, risk supervision, and policy direction, while managing within clearly defined limits and accountability frameworks.
“This structure supports objectivity and disciplined decision-making, reinforcing investor confidence and institutional integrity. Capital Plus is presented as a forward-looking investment firm with a clear roadmap for growth and value creation,” he said.
He disclosed that the organisation has grown its Assets Under Management (AUM) from zero to about one billion, with strong profitability projections and a firm commitment from the board and leadership to sustained growth and investor protection since it commenced operation.