Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, on Friday in Lagos announced its sponsorship of The Library, an inspiring art installation showcased at the 10th edition of ART X Lagos.
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The organisation said the initiative, which aligns with the focus on creativity and cultural preservation, reflects the theme of the 2025 fair titled Imagining Otherwise, No Matter the Tide.
The theme invites audiences to consider how imagination can strengthen urban futures and deepen community connection.
ART X Lagos has become a key platform for contemporary African artistic expression, drawing local and international audiences each year.
Stanbic IBTC Pension Managers expanded its role this year through The Library, an interactive installation conceived as a contemplative space for shared learning.
The work draws inspiration from the resilience of Nigeria’s mangrove ecosystems, symbolising stability, growth and continuity.
Chief Executive of Stanbic IBTC Pension Managers, Olumide Oyetan, said the fair’s theme mirrors the resilience found across Nigerian communities.
He explained that imagination is vital not only to artistic creation but also to long-term planning, financial confidence and the pursuit of sustainable futures.
Oyetan described The Library as a place designed for calm reflection, learning and inspiration.
He stressed the importance of nurturing young minds to appreciate art and to imagine futures anchored in cultural pride and purposeful growth.
He also praised African artists for their creativity and innovation, saying that their work demonstrates the continent’s vast potential for positive change.
The 2025 edition of ART X Lagos featured its signature Kids Tour, with students from Lisabi Grammar School in Abeokuta, Mile High International School in Ikotun and Roy Dek Academy in Makoko taking part.
Since ART X Lagos debuted in 2016, Stanbic IBTC Pension Managers’ contributions have evolved into a deeper collaboration aimed at strengthening artistic expression and amplifying African perspectives.
Alongside The Library, the organisation hosted a private viewing for high-net-worth clients to engage more intimately with standout artworks and discuss legacy, creativity and the evolving significance of African art.
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The partnership reinforced the connection between art, education and community engagement, underscoring the institution’s commitment to supporting cultural growth and shared knowledge.
Bank of Industry (BOI), Nigeria’s foremost Development finance institution and a globally recognised organisation specialising in international development cooperation with countries, the German Agency for International Cooperation (GIZ), on Wednesday April 15, 2026, signs a Partnership Framework Agreement to drive sustainable innovation and economic development for large enterprise, and Micro, Small and Medium Enterprises (MSMEs) sector in Nigeria.
The partnership is hinged on delivering coordinated interventions across key strategic pillars including access to finance, entrepreneurship development, capacity building, and market access; and integrates focused support for climate finance and renewable energy investments; and a robust alignment with global sustainability priorities that enables MSMEs to be engines of economic development.
With this landmark agreement, BOI and GIZ are positioned to mutually ensure that capacity building efforts for businesses focuses on strengthening the technical and institutional capabilities of BOI’s Business Development Service Providers (BDSPs), equipping them to deliver higher-impact advisory services to the Bank’s customers; as well as enshrine a structured vocational training provided under the ICSS (Inspire, Create, Start and Scale) entrepreneurship programme to enhance productivity, workforce quality and overall business competitiveness to MSMEs.
The central pillar of this year’s partnership framework is its women’s economic empowerment through targeted financing initiatives; agribusiness development and rural enterprise growth; and climate-focused investment imperative to scale its renewable energy and energy efficiency financing portfolio.
BOI will strategically deepen its efforts to secure endorsement with the Green Climate Fund (GCF) with support from GIZ, a German-led development agency.
Speaking at the announcement ceremony, MD/CEO, Bank of Industry (BOI), Dr. Olasupo Olusi, said “This partnership is about closing the gap between enterprise potential and enterprise reality. Too many Nigerian businesses, particularly MSMEs, have the ideas, the drive, and the market opportunity, but lack the financing, technical capacity, or market access needed to scale. This partnership reflects our unwavering commitment to constantly form new partnerships to strengthen the entrepreneurial ecosystem in Nigeria. By combining our financing expertise with our partner’s international development experience, we are building a comprehensive framework that will directly translate into jobs, innovation, affordable, long-term financing and sustainable growth for MSMEs in Nigeria.”
In his remarks, Country Director, GIZ Nigeria and ECOWAS, Dr. Magnus Wagner, said, “This partnership demonstrates our joint commitments to strengthening Nigeria’s private sector and to advancing sustainable and inclusive economic growth.
“Through this partnership, we aim to support small and medium enterprises. We are trying more to look at SME, formalized business, which is the resilient backbone of Nigeria’s economy. So, we would like to work, we have decided in areas such as climate and sustainable finance, renewable energy and energy efficiency, entrepreneurship and innovation, women’s economic empowerment, agribusiness and rural transformation, and digital trade and market access.
“We look forward to a close and successful collaboration with the Bank of Industry, one that delivers tangible results for business, communities, and the country and the population as a whole”.
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