Lafarge Africa records 53% revenue increase, hits ₦1.1trn in 2025

By Laraba Usman

Lafarge Africa Plc recorded a revenue milestone of ₦1.1 trillion for the 2025 financial year, representing a 53 per cent increase from ₦696.8 billion posted in 2024.

Profit Before Tax surged by 170 per cent to ₦411 billion, reflecting strong operational performance and improved cost management.

Profit After Tax rose by 173 per cent to N273 billion, up from N100.1 billion in the previous year. Operating profit also climbed from N193 billion to N392 billion.

The growth was driven by strong volume expansion, enhanced plant stability, disciplined cost optimisation, and improved distribution efficiency. Earnings per share increased from N6.22 to N17.

Chief Executive Officer Lolu Alade-Akinyemi described the performance as a historic turning point, attributing the results to disciplined execution and the company’s four-point strategy focused on operational excellence and value creation.

He expressed optimism about 2026, citing collaboration with Huaxin Cement Co., Ltd. and ongoing expansion projects at the Ashaka and Sagamu plants, which will raise total production capacity to 14 million metric tonnes per annum.

The company said it remains focused on improving capacity utilisation, embedding sustainability across operations, maintaining cost discipline, and delivering long-term shareholder value.

Lafarge Africa records 53% revenue increase, hits ₦1.1trn in 2025

54 Borno Students Arrives Isaac Balami University as Government Justifies Investment

By: Our Reporter

The 54 Borno indigenes who were sponsored by the state government to pursue aerospace and related engineering courses have arrived at Isaac Balami University of Aeronautics and Management in Lagos.

Before they departed from Maiduguri, the Commissioner for Education, Science, Technology, and Innovation, Engr. conducted a farewell ceremony. According to Lawan Abba Wakilbe, the beneficiaries were selected through a competitive process that involved more than 1,200 applicants.

He announced that the Borno State government would provide scholarships worth about $30,000 per year to the 54 beneficiaries, covering tuition, accommodation, transportation, food, and other necessary costs.

Justifying the decision of the state government, Engr. Wakilbe said the choice of Isaac Balami University was strategic, cost-effective, and supportive of local capacity development.

According to him, “the university charges about $30,000 per student annually, covering tuition, accommodation, feeding, training, and stipends. While Aviation schools in the Philippines charge about $34,000 annually without accommodation, and institutions in the there States and the United Kingdom, where fees range between $120,000 and £90,000, excluding living costs,” Wakilbe stated.

The Commissioner for Education noted that the founder of the Institution, Isaac Balami, is an indigene of Borno State whose success in establishing Nigeria’s first private aeronautic university is a source of pride.

“If one of our own has built a specialised aviation university, it is only right that we patronize him first, noting that investing in local institutions keeps resources within the country.

“Isaac Balami, as an example, recalls how a scholarship enabled him to pursue aviation training and eventually establish a private aeronautic university. “We expect you to return as 54 Isaac Balamis,” he charged.

Addressing the students at IBUAM Lagos, the Executive Secretary of the Borno State Scholarship Board, Dr. Bala Isa, urged the beneficiaries to justify the expenditure made by Governor Zulum’s administration through discipline, excellence, and commitment.

“Some people are complaining about the cost of this training and other major projects,” he said. “But when you complete this programme successfully and begin to contribute meaningfully to society, those same critics will appreciate the vision behind it,” Isa remarked.

He reminded them that they were selected to pursue academic and professional excellence, not to engage in misconduct.

“You are here to learn, not to play. Put in your best efforts. This profession demands seriousness, focus, and responsibility. Lives will one day depend on your competence,” he cautioned.

On discipline, the Executive Secretary issued a stern warning, revealing that scholarships have previously been withdrawn from beneficiaries who failed to uphold acceptable standards of conduct.

“We have withdrawn scholarships before due to indiscipline. Even abroad, including in India, a student was sent back home for misconduct. We will not hesitate to take similar action if necessary,” he stated.

Founder of the University, Dr. Isaac Balami, urged the students to take their studies seriously and make the most of what has been described as a rare and highly privileged opportunity.

He reminded the students that the government is making significant financial investments in their training and expects measurable results in return. He cautioned that only those who demonstrate competence, discipline, and commitment will thrive in the programme.

“Aviation is about safety first, safety second, safety third. There is no room for carelessness. There is no participation in the air, underscoring the high level of responsibility required in the profession,” Balami stressed.

Dr. Isaac Balami said qualified professors, instructors, and technical personnel are on the ground to provide guidance and ensure their success.

54 Borno Students Arrives Isaac Balami University as Government Justifies Investment

We will soon submit the report on the research into kidney disease prevalence in Borno state… Prof Umate

The Nigerian Association of Nephrologists (NAN) recently met in Maiduguri for their annual meeting. This exclusive interview with Professor Ibrahim Umate was conducted recently after the opening session where he was honored with a fellowship of the award. Below are extracts of the interview

By: Bodunrin Kayode

Q: Governor Babagana Zulum and his directive for the UMTH to embark on research on prevalence of kidney diseases in Borno

A: We have gone very far in the sense that we have been able to find out the real militating factors responsible for the prevalence of the disease. But there is something we are waiting for to be able to conclude. In all the research we have been doing so far, we have been searching for genetic components igniting the problem.
This genetics research involves taking samples to the molecular laboratory and assessing the genetic components within each sample. There are other genes that may also be responsible like NHY genes which we are looking into how it influences kidney diseases. So we have taken samples to the molecular lab and results will soon be ready. People that have this kinds of genes are more likely to have these kinds of diseases.

Q: Cuts in….So the results will be ready before the Governor leaves office next year?

A: It will be ready within a month or so. We will present the official details to the Governor as soon as we are done with the details.

Q: How about the Challenges you are faced within the realm of the nephrology practice at UMTH?

A: Challenges are always there especially when people come to the hospital with very late presentation of the disease. Its a major and worrying challenge. If only people will come early with their ailments, some of these challenges would become reversible but if they come late there is almost nothing for us to do. Some of them come so late that you have nothing left to do other than to start dialysis. Or even begin to bother about transplant of another kidney to keep them alive. This is all due to the Challenges of late reporting.

Another challenge is about the facilities. Its not as if we don’t have, but you know as the patients population is growing, the machines are over stretched. For now, we have about 20 functional machines and we have to do two to three sessions on some of the machines on a daily bases depending on the number of patients waiting in the queue. Sometimes we have 30, 40 or even more patients waiting in a day for the same service. So sometimes we finish the first session and embark on the second session and these kinds of daily routines affects the machines badly. So ideally, after using the machines that day we can’t use again till the next day. Another challenge is that many people can’t afford the funds for the dialysis.
Again our daily challenge is not only around dialysis alone. There are other aspects of treatment which are far more expensive than dialysis. Example if you are to maintain the red blood vessels of a patient to avoid anemia, electro-positive stimulating agents are very important but its quite expensive. And it is expected that the patients should take it daily while just a vile of it is about 18,000. So if a patient is taking it just twice a week, he must have about 36,000 naira to take it.

Q: The CMD once hinted in a news conference about a foundation to help kidney patients, is it functional now?

A: Yes we have the Kashim Shettima foundation that is helping out with anyone that has transplant issues. As it stands today, anyone that does a transplant will not buy drugs again as long as the operation was done in Maiduguri. And this is courtesy of the Kashim Shettima foundation which will enable them to access the drugs and consumables.

Q: You seem to be having a good time with consumables Prof. What is the reality in the kidney centre?

A: Indeed, government is trying its best on that. We are getting them at subsidized rates. Instead of patients paying over 50,000 naira, they pay just 12,000 for a session of dialysis. So it is about 80% subsidized. That is a good deal to me.

We will soon submit the report on the research into kidney disease prevalence in Borno state… Prof Umate