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Business leaders have called on Nigerian entrepreneurs to look beyond domestic markets and build ventures designed for export from inception.

Speaking at the 11th FATE Business Outlook and Annual General Meeting in Lagos, the Chief Executive Officer of the Nigerian Economic Summit Group (NESG), Dr. Tayo Aduloju, emphasised that sustainable growth now depends on cross-border competitiveness.

According to him, exchange rate realities present an opportunity for Nigerian businesses to expand into African and other international markets where local products and services can thrive. He stressed that scaling successfully across the continent requires strong digital capabilities, including seamless payment systems, efficient logistics, and reliable supply chains.

Aduloju encouraged entrepreneurs to study African markets carefully and identify areas where their offerings can grow beyond Nigeria’s borders. He argued that a renewed pioneering mindset is essential for businesses seeking to leverage free trade frameworks and regional integration.

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Also speaking at the event, the incoming Executive Director of FATE Foundation, Ayomide Akindolie-Igwe, noted that while macroeconomic indicators appear to be stabilising, the benefits have yet to fully reach businesses and households. She explained that although headline figures suggest gradual improvement, many enterprises still face operational pressures.

However, she maintained that the current transition phase presents opportunities for companies willing to prepare strategically for projected economic expansion over the next 18 months.