 Thank you. Thank you very much. Please sit. Thank you Well after an introduction like that, I better make sense here today. I Always like to tell the story of how people are never quite certain of how to describe you when You are out of office So people say X vice president Former vice president, you know, but let me just explain how it works. You're so that in the future You know exactly how to do it so I must be described because I'm the Vice president that has just left office. So I'm described as the immediate past vice president The one who left before me in Amadeus Sambo will be described as the former vice president And the one before that will be described as the one time So so very soon I hope I hope very soon Very soon I will also become one time. I'll take a bit of time. Thank you all very much. I Let me say first how very honored I am So I've been invited to give this talk It is very dynamic and forward-looking Leadership of Access Bank And I'm glad that we're able to hold this lecture and not cancel it Herbert had mentioned to me as you heard already that he wanted me to Be here for this lecture and there is a deep sense that one is keeping a promise to a Loyal and dedicated and a departed friend who would have done the same or even more But I remember my friend and your colleague and friend today with much fondness and I pray that His memory and his legacies will forever be an inspiration and a blessing. I Know that For many of us, I mean there's still a deep sense of mourning and and really that is how it must be But as they say it's only in darkness that light truly shines I think that the results that we're hearing all of the way that the bank has held together and That the leadership of the bank has held together is evidence of the fact that What has been built will be sustained and that his memory and legacies will truly continue to endure and I want to Express again my sincere condolence first to my dear friend and brother. I The chair of access but also to all of you And pray that the Lord God Almighty will continue to help this bank To achieve all of the dreams that our brother and friend Herbert had Thank you all very much. The theme of this leadership series is the future of work and adapting to a changing Landscape all I'm going to be talking about is that changing landscape, you know And I'll leave the future of work to the experts the human resource experts I don't think anyone should argue it gives a proposition that the business of the leader is to understand trends events and policies and That may affect the communities or nations that they're in and the implications that there may be for the future of their businesses The role of the leader then goes beyond merely not some bolts and technicalities of the particular business Because the whole point of leadership is that you are showing the way You are the pathfinder a guide to hundreds of thousands That role requires the prescience of the ability to predict the future and a key component of that is the correct interpretation of defining trends and patterns Which is why I think the impact of this leadership series and its importance cannot be overstated You know and I want us to recognize that as leaders in the financial industry There are certain things that you ought to be paying attention to what are the global Conversations and decisions that need to be had and decisions that need to be taken What are the trends and challenges that can have far-reaching impact across borders? What happens in one part? What happens in one part of? The world affects practically every other part of the world and that's just the reality of today Whatever is going on somewhere else is having an impact here And it is the business of leaders to ensure that they are fully aware of those things I must say that for me one of the very troubling findings is that both the public and private Sectors of our country in Nigeria and indeed in many parts of Africa Do not pay attention to several of these trends International rules have been made every day Conventions have been signed every day But we find that in most of the tables where we're supposed to be represented we absent for me one of the major, you know Business of leaders is to listen to pay attention to local and international trends and developments And do some personal and corporate scenario planning based on information Now there are several crucial global and local trends that we must watch And these include technology climate change Population especially demographic shifts that are taking place geopolitics globalization de-globalization the new economic paths that are emerging healthcare especially the breakthroughs and the transformative events happening in the healthcare sector Education the challenges of the transformation in teaching and in learning But so that we can be at least as exhaustive as possible I'm only going to discuss two of these trends just to climate change and Technology, of course, I'm discussing them separately and I'll leave the rest to possible questions that you may have during the Q&A session My approach will be to highlight the issues that you as leaders in the financial services industry in particular And as significant economic actors across Africa should take note of and Let's take, you know, and then some of the other side issues as we go along But let's just take climate change as a first as a first trend that I think we should what Africa as you know is warming faster than anywhere else in the world So it means I will be the first to hit the disaster It has and is still experiencing some of the most devastating weather events and it's the least prepared of all the continents to deal with the damage and devastation to lives on property and Of course, it is very evident that we simply don't have the kinds of buffers that other continents have and As you know these consequences of climate change Flooding drought excessive heat rising sea levels, etc. Ah Problems that are caused by the activities especially the industrial activities of the global north So we're not responsible for what we're experiencing a global not the industrialized nations of the world are the ones that are responsible Africa is in fact By far the least emitting region where the we emit the least of all dangerous gases but That has not saved us from any of the problems and consequences and the question that we should ask is What are these issues that have been thrown up by this climate crisis? The first is the future of oil and gas I'm so sorry Sorry, so I was saying that the first is the future of oil and gas That's of course very important to the financial industry and to economy generally What is the future? Everyone agrees that emissions from fossil fuels are the most problematic We all agree that emissions from fossil fuels are the most problematic of all the dangerous gases that they are so The next problem of course is how to have a transition that is Just and fair to everyone Right because we must transit from fossil fuels to renewable energy And how do we transit from fossil fuels to renewable energy in such a way? That is just unfair to reach and poor countries are like everyone of us agrees that There must be that transition now the problem That we've experienced is not so much that there's a disagreement about the transition The problem is how the world their countries of the world Have taken that design have taken that transition how they expect that transition to take place One of the critical issues of course is that the world their nations of the world Want to stop? investments in gas oil and gas projects in developing countries and that is so for Financial institutions the World Bank for instance already has a policy that policy of course affecting the AFDB So that by a large a lot of the development financial institutions are saying that We don't we're not going to be investing in either downstream or upstream oil and gas in Africa and of course in the development world now that is just Part of the problem add to that that countries the UK the US the EU generally I also saying the same thing that look in order to control emissions We are not going to be investing in oil and gas fossil fuel projects generally in the developing world and We are various stages of agreements or disagreements on that issue again. You find that Political leadership in Africa is not involved in those conversations Of course the private sector has also left out of most of those conversations despite the fact that this is bound to have tremendous impact on the future of one of the most important resources that we have So the question has always been how do we transit? How do we do a fair thing? But it seems that typically, you know Countries are looking out for themselves Rich countries are looking out for themselves poor countries have no choice You know, but you just follow what the rich countries are doing and That's part of the fact that there is no dispute everyone of us agrees across the north and south divide that there must be a transition from fossil fuels yet We are at cross purposes now One of the other things I think we should take note of on this is that so all rich countries oil and gas rich countries Usually energy poor countries in Africa such as Nigeria, Algeria, Egypt, Ghana, Senegal, and Mozambique Where they are saying look Whatever we do gas must be a transition fuel and I think the argument is clear enough Gas is still cheap is still the cheapest option for power and must be a transition or a bridge fuel As far as renewable energy is concerned. Yes, it is getting cheaper and cheaper every day But we must still use gas for instance in Nigeria and several other countries LPG in particular is seen as clean is the clean cooking of To the place kerosene Stoves and charcoal and all which I was also on millions of the talent is from indoor air publish Also, there are many concubes especially those without hyper a throat integrates much more With the world or solar power without balancing sources and that's often the best technical and interruption just for balancing it really What actually more interesting for it is that even in Africa where you creased the electricity with question That is consumed by the overwhelming developing public Africa by 300 percent Using gas as the main source global and one of the missions will already arise by point 16 to 7 That in the list and the average daily increase for the past decade, so even if we were to use things We still wouldn't be a meeting Yet we are and the parts of the It is always a tip we have for Or just the response you go Problem of these world-classia product out, you know comfort that we're development financial institutions You know all that saying is still probably do withdraw from you know fossil fuel investment as recently developing often You like the world like to put the seashore on this that you're more for social to buy human weapon for them It's I guess that the sweeper indeed You know on yourself starting out if I back people the FD They don't have major matrix the person post your board is came built by the world NTPs and slash out their demons for force at the knowledge to see big Now there was sensible reason for depriving developing countries of funding for dust but it is because they say we want to be useful of emissions and achieve Little targets, but that he purpose itself. Yeah, it was they've been When the Russia and pre-war stop it and they're shorting to spread all the way you They said do you punctures of what I've briskly be negotiating that was a we're not investing any more You know other gas projects feel welcome countries while negotiating at briskly the developing pumpkin can't you think that you're for gas I'm getting pregnant because you know for that. I can still give it up shade And they'll kill you already the last six days for them, but they are at listening in a wish get For that's what they do the form from come to sort of it. So the second It is of most of the welfare parties in crimping the US that in China They are and several is your purchase still you can if that's as the middle pillar of their multi-decade Decopted decolonize it also And the relevance for this show that oil and that will continue to be in a high demand for the net for decades Before beginning to take off So the welfare countries are not doing that a significant when oil and gas investments But we in the global south will be spammed of investment and not be in the Record in has to make your suppliers to be their trading scenario Unfortunately, a lot of these rules were made when they were knowing but for one CEO and And we see this a big card There's a more than significant threat Investments in oil gas And that is the availability to continue not by the ability of insurance I know for some trials is critical to most of the projects at any of this lap for legs So there's a great deal of pressure and how on international insurance and really short especially from climate activists No, it's too installed for so few projects anything Thankfully, you know, it sucks us up in the military for the big international insurance companies I've got to lighten the polls and my phone up But that is only for now because already many lighting We will get insurance have shielded away from on the right team cost annually big mining projects All power to make one tech circle and we said control all over they keep the insurance companies And now it's new on the right team factor have to require oil and gas extraction products to reduce their method in missions So we're seeing right to a little bit short of something. I've been to think that Perhaps if everybody say don't talk for some view a possible few verdicts of you out that we ought to But I'm not preps to the fossil fuel in us is the pleasing use of a little ever-to-be the e-mobility that we have a usual Many punctures including major fires of our boil think tickle already second dates of facing our top was to the engine cars while from Boston and in the cars are phased out all over the world and Electric people's we've come cheaper because freshly with better story technology improving daily and that we see everywhere We here will have no choice but to a platinum combustor engine guys to The question that strategic leaders in industry should be asking is how long will be for it to not more financing for oil and that's what it's finally Drive and how long do we have to wait? vehicles or electric For the stupid place combustor engine vehicle And we would have fought in best heavenly today in automobiles in CNG RV will bring up and coming up for to best happen in that if there is a risk Not if fester into dust products the trial and then what next I? Think we in Africa must be thinking to seriously of how to become to you energy superpowers First you go and we have some of the best renewable energy potential in the world. I Need an energy especially solar power There's not only a point or we also have very low intermitted sea or seasonality as they call it At this means that people As you know about unlike a project we have radiation sometimes for job hours 13 hours around What makes it possible to rely nickel-white Rehealable base load the power on two rails industrial production what extended periods of time Striking even the lowest pulse sector today solar wind apart to start In order to be a commutable this look for industrial activity is twice as explained in Germany as it is in Nigeria I'm doing what a bit of work on Martin and if I'm real actual bluffing for after them demonstrate about You know that it is cheap to do these in Nigeria that I would have a clue or fight So that TV's from Nigeria and in Canadian Firstly, I'll perform Europe's best industry sectors. I even Europe's top English sports So the same batches of water PV system in Nigeria When they made what in baseball to practice eight times as locked as a general and they spend 1.8 time to So we're set to be we You know, then I did cut it out to be able to read industrial Yeah, the brilliant those two are back with them And I when I say is I mean outfit the second thing the only agent the second thing we need to do is Is to the production and export of no carbon fuels Now these fuels, especially hydro dealer when you will be critical to the transition between that same words giving their potential Especially in decolonizing hands to actify sectors such as cement still production fuel in trucks Deep ocean where you hit the so it's a helping to all that and of course balancing grits So time already gave whereby you're when you use real bad deal with sources It that bone to put that are looking for situations where there'll be no intermitten seed destruction These fuels will be the best and how The IEA just to send me yeah, I mean they are net zero twenty fifty will have said that Every scenario that they're looking at anticipates that trade in hybrid in our amoeba will rise from almost nothing at this debate to almost one third of All in I do with a tech of that shirts So I'm looking at hybrid if any take the one third with an idea with a tech on that And that's is about that self-condition the past five years. I've seen tremendous growth in the view green hide of the news At the storm any green hiding input that's in Africa at our reaching our final investment is your rate And gold and Amoeba South Africa power ready Media in May 2023 signed a 10 Indian tell you as bartender you will go deal with hyphen hydrodelecate to continue with that fast We'd be to start this towards the development of their green Hydrogen blood which went down with supply 300,000 tons or a pretty energy annually using wind and solar power And what I is also said to be from the first exporter of green ammonium to At Germany by 2025 The full capacity when they have done would be about 280,000 in that times on South Africa is fighting to reduce 5 million tons of being highly genuine by 2014 other countries such as Egypt, Kenya, and Have green hydrogen production both into it But again a word of caution is that Because many of the Scotchians are going for the same market There's a need to avoid the tide of competition for export markets that may need to erase to the bottle or prices So developing a unified African strategy for green hydrodelecate about great disposal Which is what the rest of the way to food in Chile and the Countries, etc. America was already working to get that we in Africa was in need of So all the development in that respect is the in operation of the African green hydrodelecate Sometimes it may turn to fertility, but we hope that they seem to work or price it for our Coming PC against ourselves and bring the prices to a low it's a pretty issue to watch is The trade restrictions and all that climate mitigation measures that have been introduced and considered by many global North Caucasus again, or still simply to reduce carbon emissions So they are keeping a visual that I will that are being made No that Stensibly have meant to go to a couple of emotions the area particular is making several it's because and we need to take a little The lightest We're after cut forces the largest exporter to euro in order to come to me, but the largest express me, especially new of Selling type of works steel and then Several props or produce But the EU has recently Divided something they call the carbon border adjustment manual system Now this carbon border just on my own a system is simply is a levy Which is to be posed up the drugs imported into the E for the carbon dioxide and missions that are embedded into the spirit by reason of the source of power and making the world to a manufacturer that is using Gals or down there as its power source it explodes will be subject to these carbon border ways So manufacturers of cement steel and fertilizer In wanting to leave me will have to pay that because Most of these my practice and property of my trust in Africa and I'm developing with most of Patras of course use either old gas or decent And now this is one of those regular issues I was likely to develop we cannot any input from in from the country's average sport to that Yeah, and most of the culture is of course no great responsibility And yeah, I'll play of course the implication of this for Africa I would work with me somewhere in the order or to the five finger he wears dog I'm not just on this seagull Now the e-s Africans the largest trading fact almost one sixty two billion in e-sports The twenty-twenty-one a load so we're beach, you know, we're big importers in the one would have felt that would be Invite us of the tableball that will invite ourselves to the table No, something at its force ninety seven percent of its out of mayor to be I don't mean on our cause for 20% of the big exploits and his GDP to fall by as much as one point five percent from these seem on that There's a new EU deforestation load and this is a deforestation regulation And this is particularly bad because this will affect practically all of them countries because there's a lot of export both Hormone eating such as palm oil can through soy coffee Timber robber Along with the right products like these furniture or top plate You What that will say is that all of these things must be deforestation free In other words, if you are exporting say sorry beads or coffee to the EU You must certify that it is you have caught up is TV for a station tree now What is that to be orders deforestation of true bees big in reason the boots continues Of produced all the land that is not deforested so they found eight And of course your clouded seizure in the mountain of forest summer What you must show evidence that you did not cut down trees that fall over in order to pick a farm Now that is a tough one, but in most In most of our family coming to it We're absolutely need to bring down the cheese and All and and a lot of attestation just to be able to express the fancy You know the form with poor small and small possesses the application Then the end of the case 30 of our gene to litter all right Yeah, I mean the fact regulation Emphasizes that deal for a station and free means both produce going around not subject to deforestation in annual or part of the purveyor And it will applies where deforestation is illegal in the countries that I told you So we're very tight very very tight. Yeah, nobody asked us nobody calls out at us Where else we also? as many Westerns There's a little the regular show which we've affected on businesses in the community and Which it has dark video input you But I think we'll just we'll try to sprain too much. I think you'll stick very briefly about how on markets We are pushing it. This is a major benefit of the energy transition and there's a growing our way enough for Ways of a potential further momentum back here. We certainly joined several article countries mine Presenting its own carbon market activation blind The footwork to double market offers a huge potential for profit. We are at the moment At the point where the market these beer market is being designed And I believe that this is the kind of the financial services in us to get a good world some countries of course are further in the house Kenya has a very thought-money consider law and regulation and I think that they put more well for us Even and the game the african government markets initiative in has offered so hold to countries that are building that Cow market are to be short plant. I think this is this is the moment where we all to actually get involved But this is from the area that market Was there story? Tando there's already a scumbul for a lot here. That's a bad enough about my wealthy populous That's just incredible bill for this common credit It was through their boy dog support deforestation and they take a very the very cutest about because You can actually get carbon credit by a volume deforestation And so we now have them well because then You don't that are I know that to Africa Ostensibly for conservation so that it can get some kind of credit That you make your company for a set out of the UAE That has signed both five MOUs and paid for large amounts of land forest man Gaming and in Africa For example that company paid for what if they had 18 million hectares roughly you I think it's why it's in your epic and roughly a term of Land in This place thinking there's any time there. Yeah, I think but what are all's temples come up in land area? In Sunday, I think our 5 to 8 distance of the land area you 18 Have learned also right there in the portal it close to 8% I'm talking of actual land air that to the bottle yeah, and They have to be that countries that were almost 20% brand areas will vote it now Of course, you know, of course, it's how this deals up a little because a lot of things are you know Nobody leaves exactly house, you know, they start back John's and no yeah, so communities We know that was going to happen from available to roll aware of communities that we say no This forest belongs to us. This damn battle to a bad people countries that don't need to use that type sold-off That hasn't had procedure in room for controversial purposes out all about you know, and what the state company is already up routine and Golan Which is also your world for a steady car the country for a similar time. It seemed that deal So they said my sister said oh, that's green. I will just have to pay the idiot one initial to be into top makes because we got more one and I remember it was speaking to you People after the eight grade as well at the Montau dog And everyone seemed completely aware even people countries where I was talking about personally completely on the web of super this transaction that ticket free people what these are there was a devil Given and we really just need to pay more attention the second Trade to which I'd like us to observe as technology. And of course, I'm sure we're all very familiar with how technology The continued advancements and the road works a AI machine learning water and QT robotics Automation big data all of these technological advancements are what they do AI in particular is set to dramatically change practically every absent commons as we use Just last week we set us at McMaster University and Stanford announced at the invention of a new Derivative at the sharing telehealth model which can design new Antibiotics to stop the spread of one of the most dangerous Antibiotic resistance bacteria in paint. This is just AI working by itself as it was In which they are in AI the software is able to do all of these types of wonderful bait a University of Arkansas March first major truck month was just last month made the sparkling Announce the stacking result of a test that they conducted between 451 human is I chat giblets E of course and show off on you to find out which Whether between the human is I chat keep it to you which up Was the period in divergent thinking now those coming up in different year Answers to different subversives and unfortunately, just keeping cinnamon boiled on the fix So I'm this is just beauty in its first item issue who goes was without doing it So already we've seen how artificial intelligence and you know machine learning is poised to transform even the financial San Francisco in central force already we know that AI given with chat boards and virtual assistants can provide 24-7 customer service offering quick responses to required and evil personalized Firing to on lives and even accident bank is where I am of several practically ever for a list hidden a technology and I was Cheesing I think both Daniel before yes, but that I know that I just one already has The farm african farm and all sorts of other such setups to ensure that had keys to Africa that Access but only technology problems are so Although you pointed out to me back to actually yeah, and where this is designed us to resolve Problems in the industry and not just look at a but across Africa. So how do I think the very group they need? But these technologies So these technologies can learn yet these AI can learn for a cost of my direct shots to even in from that So they are self-teaching you know their self-propagating in so many it's so many years AI systems now we will have superior skills to identify tons that indicate for But analyzing transactions data in real time so they can see look for this is a coordinator or this is a part of the other and AI is traditional spin and this is again is a preview deep is the automation of routine tasks a Processors are significant to me. Do you see operational cost for fire shirts or t-shirts? Now this in Kentucky for customer on body with the cold virus checks It would regulate to confirm the complex can be done now over cemetery Actuate by air across different ways that each one if you wished and can now the handover for small quickly and more accurately How about stock and currency training and all that Now you have a I'll borrow things that time Accurate you have analyzed past amounts for data Including news and social media to make a predict shows about market Investments to even execute rates, you know at optimal tax and that's the same for credit and risk assessment Yeah, I come from service point their data sets to assess credit risk marketing with me on Sending factors of him give you owned our traditional credit spokes Now the thing of course is that you know When you do this as rest of forest assessments, they can look me to one one's Assessments, but a show they will come out credit to previous to me in the underserved markets while manage you Landers recent same time What even more interesting is what they I can do a predictive analytics and that's an area where I think you know A lot is going to happen in giving faster brace So they had opportunity to process and analyze in large data sets can help predict evil economic threats making business it and investors Wasn't able to make more than that decisions But what is more intriguing the scope of? Quantum the computing all we are seeing today is sector advance mathematically well Quantum computing actually begins to process that analyze vast amounts of data because they can analyze much faster and cluster computers and this is particularly running by the poor applications that depend on not skilled data analysis Sort of after a language processing I evade a publisher is that being that areas So we try it haven't seen anything else. There's so much And they made just the days not even on these days if you look up and you'll make Any of the technology matters use and over addressing that is though something near something that was in world Then you announce jeopardy new areas didn't go to never silver in the key. So The next question of course they saw what happens with jobs, which is of course a very potent issue Why the AIS and taking over what this results in humanly don't insist in the market What I found is that a lot of the research at what they will is a big more and so a point One thing that is clear. It is that AI machine learning tools are particularly good automating muting repetitive tasks You thought of data entry need to have that on processing and basic customer service employers of all Jobs that I'm marring if the ball it will start obviously at the highways for being a factor But there will be new jobs. You know what I need new always which have been created particularly sought areas as AI developed and data I have some cyber security. It will AI and big switches pong you a big conversation all you want I'm always really much for jobs that require the motion of telegraphs created to be key a Strategic and judge men's real which are capabilities that AI has not ruined yet Some would say that I check that I kill a beat Also, he would oversight or be a system for creating new jobs There will be a week for human oversight like AI system especially for those that have focus on ensuring fairness and ability Transparency or AI applications One of the critical implications of this revolution or the air revolution as it transformed the job Domestic if financial services of ticker is the importance of scaling and the scale you work Workers need to adapt to these changing demands for both the holes Which will increasingly require digital literacy there is to work along AI systems and skills This arterial support is a theta analysis and interpretation You know one is yet struck of what the impact of air will be in my third of in women in the woods articulately behind challenges While some jobs may be lost or significantly changed New ones really much and the overall demand for a right of services may increase As these technologies and a rule forward efficient and accessible financial products and services One thing that we are bound to see sooner than later Reaction of our labor organizations because obviously they both decision that way we asked me We're feeding the toolboxings. I'm negotiating with the employer the label and we all sectors I started on how to prepare needless job policies Retreating programs and policies to foster John Weasher in emerging areas, so there's no I think there's going to be in my use some Concerns they more like said I am what to do next and how to do what to do next How will you show you pick pick kid vehicle? This is So you might have missed this or social media version from if you were very quick this this this kid Let's see. Just Are you able to show this Today I stand with you with a profound sense of duty and determination I'm announcing my interest in purchasing access bank plc and turning it into a global bank I humbly ask for your support on this. Thank you Turn up Work here I I thought I thought about my guttural facial Now this is my own and and this is how to showing what is possible here. This is my own amateur be down me I had a big fear want to if I as a computer material and make that and on moss See that the words of tempo parts and if I post like this or this or shortly Of course, somebody will happen to shares. I don't really do it. So it's like hands up, right? So you can be much of the mystery