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Business is Beyond Profit-making, Must Strive for the Common Good, Professor Nnaji Tells Business Leaders
● Ferdy Agu
Enugu, Nigeria – The 2024 Amadeo Business Summit which kicked off about an hour and half ago in Enugu saw business leaders, policymakers, and scholars gather to discuss innovative approaches for societal improvement, but the highlight of the event was the keynote address delivered by Professor Bart Nnaji, the founder and CEO of the Geometric Power Group. His thought-provoking presentation challenged the audience to rethink the core purpose of business, urging them to look beyond mere profit-making.
In his lecture titled “Business Must Strive for the Common Good,” Nnaji, a globally acclaimed engineer and former Minister of Power, took a stand against the conventional capitalist model that prioritizes profit maximization. Drawing on historical economic thought, Nnaji critiqued the ideas of Milton Friedman, the Nobel laureate whose free-market doctrines shaped much of global economic policy from the 1980s. Instead, Nnaji turned to the philosophy of 18th-century economist Adam Smith, emphasizing that while individuals pursue their own interests, they often inadvertently contribute to the welfare of society.
He noted that businesses, while motivated by profit, must also account for their impact on the broader community. “A business concerned only with maximizing shareholder value at all costs will ultimately create social disharmony that can destroy it in the long run,” Nnaji stated, as he addressed the packed hall of professionals, government officials, and entrepreneurs. His perspective echoed the ideas of stakeholder capitalism, a concept championed by Klaus Schwab, the founder of the World Economic Forum, which advocates for businesses to consider the interests of all stakeholders, including employees, customers, communities, and the environment.
Front row L-R: Cecilia Ezeilo, Ugo Chime and Chinelo Chime
Nnaji took the audience on a journey through his own business ventures, notably the 188-megawatt Geometric Power Plant and the Aba Power Limited Electric Company also known as Aba Power, both located in Aba, Abia State. He revealed that the decision to build these projects in Aba, rather than more industrialized areas like Lagos or Ogun State, was rooted in a desire to stimulate economic growth in underdeveloped regions. “Had I been driven purely by profit,” Nnaji explained, “I could have chosen locations where manufacturers would pay a premium for reliable power. But the common good must also be a factor in business decisions.”
This notion of balancing profit with societal benefit also informed his views on corporate social responsibility (CSR). He argued that CSR goes beyond philanthropy, stressing that businesses must promote environmental protection, treat employees with respect, and avoid exploiting their partners or communities. “Corporate social responsibility isn’t just about giving back to society; it’s about ensuring that your business practices, at all levels, promote the common good,” Nnaji asserted, citing examples of global companies like Nestlé, which came under fire for benefiting from exploitative labor practices in its supply chain.
Nnaji also highlighted the growing relevance of Ubuntu, the African philosophy of solidarity and collective humanity, in modern business ethics. He lauded efforts by scholars and managers to integrate Ubuntu’s principles of compassion, interdependence, and community welfare into the corporate world. “Ubuntu teaches us that I am because we are,” Nnaji said, referencing the Igbo adage onye aghana nwanne ya, which translates to “be your brother’s keeper.” He called on the business leaders present to adopt this mindset, reminding them that their success is tied to the well-being of their employees, customers, and communities.
Opening the summit, Governor Peter Mbah of Enugu State, represented by the Commissioner of Trade and Investment, Adaora Chukwu, echoed Nnaji’s sentiments on the importance of inclusive business practices. In her remarks, Chukwu commended the Amadeo Initiative for aligning with the state government’s vision of transforming Enugu into a hub of innovation and sustainable development. “What Amadeo is doing resonates with our goals for Enugu State. We have immense potential and resources waiting to be tapped, and with initiatives like this, we can create a future where businesses thrive alongside the communities they serve,” she said.
Chukwu also outlined some of the state government’s recent achievements, including the establishment of smart and green schools across Enugu’s 260 communities and the implementation of digital solutions in the health sector. She emphasized the administration’s commitment to creating an enabling environment for businesses, highlighting reforms aimed at improving the ease of doing business. “Together, we can make these changes a reality in Enugu State,” she concluded, calling for greater collaboration between the public and private sectors.
R-L: Bart Nnaji, Ahmed Musa and Ugochukwu Chime after Nnaji received ‘Amadeo Fellowship Award’.
The event’s significance was further underscored by the remarks of Rev. Dr. Ugochukwu Chime, founder of the Amadeo Initiative and host of the summit. In his welcome address, Chime recounted the origins of the initiative, which began in 1997 with a divine revelation and has since grown into a multifaceted organization committed to mentoring, poverty alleviation, and providing housing. He emphasized that the summit was designed to challenge conventional thinking and inspire participants to pursue goals that benefit society.
“Business is not just about profit; it is about service,” Chime declared, reinforcing the summit’s theme, “Transposition of Interest in Service Delivery.” He urged attendees to adopt a selfless approach to business, citing biblical principles that call for love, humility, and service to humanity. Chime also introduced the newly established Amadeo Hall of Fame, which honors individuals who exemplify these values. Among this year’s inductees were Professor Nnaji and Senator Osita Ngwu, both of whom were recognized for their contributions to society through selfless service.
The summit drew an impressive array of distinguished guests, including Architect Ahmed Musa, the Minister of Housing; Monsignor Professor Obiora Ike; Dr. Ifeanyi Okoye, former chairman of the Enugu Chamber of Commerce, Industry, Mines, and Agriculture (ECCIMA); Professor Chinedu Nebo, former Minister of Power; and HRH Harold Onuora of Eke, who served as the Royal Father of the Day. Their presence underscored the importance of collaboration between government, business, and civil society in driving economic and social progress.
Reflecting on the day’s discussions, one of the attendees, Professor Edith Nwosu, noted that the summit had provided invaluable insights into the evolving role of business in today’s world. “Professor Nnaji’s lecture was a masterclass in ethical leadership and responsible business practices,” she said. “It’s a reminder that as business leaders, we have a responsibility not only to our shareholders but to society at large.”
As the summit drew to a close, Nnaji’s message resonated deeply with the audience. His call for businesses to prioritize the common good over profit alone left a lasting impression, reminding everyone present that the future of business lies in building a more inclusive, equitable, and sustainable world. GMTNewsng
Features
Face of Eastwing 2025 Finalists Unveiling Sparks Excitement Ahead of Aviation Summit

Training participants and some instructors.
ENUGU, Sept. 13, 2025 (GMTNewsng) – The much-anticipated Face of Eastwing Competition 2025 Training Series has officially concluded, heightening expectations for the upcoming Southeast Aviation Summit in Enugu. Themed “Growing Dreams in Aviation Through Human Development,” this year’s summit promises to be a milestone event, blending youth innovation with industry leadership.
The training series, held in the buildup to the summit, sharpened participants’ soft skills in areas such as leadership, communication, and teamwork, with seasoned facilitators guiding the sessions. Organizers revealed that this year’s cohort demonstrated exceptional creativity and passion, setting a new benchmark for future editions.
Candidates were evaluated across key parameters including punctuality, problem-solving, attitude, and teamwork. By the end of the weeklong sessions, ten participants emerged as finalists. The top five will be unveiled during the Aviation Party Hangout on September 19 at Foodpolis, opposite the Fire Service, from 6 pm.
The grand finale will take place on September 20 at the Southeast Aviation Summit hosted at the Tekknopolis Event Centre, where the overall winner of the Face of Eastwing 2025 will be crowned. Certificates of participation and recognition will also be presented to candidates to honor their dedication throughout the programme.
In an exclusive chat with GMTNewsng, Chukwunosike Callistus Ozokolie, one of the finalists, described the programme as transformative. “This training exposed us to skills beyond the classroom. The teamwork sessions, in particular, taught me how to collaborate effectively and think fast in real-life aviation scenarios. I feel more prepared for the future,” he said.
Another participant, Chinemezu Elvira Okeke, expressed gratitude to the organizers for creating such a platform for young people. “I feel privileged to be part of this competition. The mentorship we received here is rare, and I believe it has prepared us not just for aviation but for leadership roles in society. Whoever emerges as the winner will truly be a worthy ambassador,” he noted.
The summit will also feature distinguished guests, with the Speaker of the Enugu State House of Assembly, Rt. Hon. Uche Ugwu, confirmed as the Special Guest of Honour. His presence underscores the growing recognition of aviation as a catalyst for youth empowerment and regional development in the Southeast.
Organizers disclosed that several states within the Southeast and neighboring regions have already expressed interest in hosting the 2026 edition of the Aviation Summit, reflecting the event’s increasing influence and prestige. This development positions the Face of Eastwing competition as a leading youth-centered aviation initiative in Nigeria.
With the countdown underway, Enugu is set to host aviation stakeholders, industry experts, and youth innovators in what promises to be a vibrant celebration of talent and dreams. The Face of Eastwing 2025 grand finale is not just about crowning a winner; it is about inspiring the next generation to soar higher through human development and innovation. GMTNewsng
Features
Governor Peter Mbah Revives Nigergas After 30 Years: Enugu to Become Africa’s Industrial Gas Hub

Nigergas
…Plant to create 5,000 jobs, produce 100 cubic metres of oxygen, 45 cubic metres of acetylene per hour
…Nitrogen, argon gas, carbon dioxide and CNG stations in the pipeline
…Dr. Uduji: “Mbah, Nehemiah of our time, rebuilding broken walls”
…Kanayo O. Kanayo: “Security is working in Enugu”
Enugu State, Nigeria – In a bold move to reindustrialize the South-East and position Enugu as a major hub in Africa’s energy and healthcare economy, Governor Peter Mbah on Thursday unveiled the newly revamped Nigergas Company Limited – a facility that had been abandoned for over three decades.
Governor Mbah revealed that the rebirth of Nigergas has already created direct employment for more than 100 skilled and semi-skilled workers and is projected to generate over 5,000 indirect jobs across distribution, transport, fabrication, and supply chains.
The company, originally established in 1962 during the premiership of the late Dr. Michael Okpara, is now central to Mbah’s ambitious plan to grow Enugu State’s GDP from $4.4 billion to $30 billion.
“What we have revived and unveiled today is not simply metal and a network of pipes; it is the restoration of purpose, dignity and productivity to a site that once symbolised Eastern Nigeria’s industrial promise.
“When we speak of the goal to grow our GDP from $4.4bn to $30bn, it is not mere posturing. It is rooted in the conviction that Enugu can become a truly diversified, self-reliant economy, if we muster the will to do things differently to launch us to the future we dream of,” Governor Mbah said.
Revamped for Global Standards
HRH Igwe Samuel Asadu, Chairman, Enugu State Traditional Rulers
Mbah explained that Nigergas now operates under a modern rehabilitation model that combines public ownership with private-sector efficiency and performance discipline.
“The intention was clear: retain public ownership, but run the facility on modern, accountable, commercially viable lines.
So, today, Nigergas returns to production with modernised equipment and clear technical specifications designed to meet immediate healthcare and industry needs,” he stated.
The upgraded facility boasts an installed capacity of 100 cubic metres of oxygen per hour and 45 cubic metres of acetylene per hour, ensuring reliable supply for hospitals, welders, agro-processors, and manufacturers across Nigeria. Plans are also underway for the production of nitrogen, argon gas, carbon dioxide, and CNG stations to further diversify output.
“Crucially, the plant will supply liquid oxygen, medical and industrial oxygen, and acetylene gas to our hospitals, welders, agro-processors and manufacturers, improving clinical outcomes and reducing production costs for businesses that are the backbone of local livelihoods,” Mbah emphasized.
Economic Transformation with Human Impact
Governor Mbah noted that beyond its industrial significance, the revival of Nigergas will strengthen healthcare systems, reduce the high cost of importing medical oxygen, and provide affordable industrial gases to small and medium-scale businesses.
“These improvements ripple outward: increased industrial activity strengthens our revenue base, and deepens opportunities for MSMEs,” he said.
He commended the Enugu State Investment Authority, the Commissioner for Trade, Investment and Industry, Dr. Sam Ogbu-Nwobodo, engineering firm Ten Gas Development Ltd (INDEV GROUP division) and the Emene community leaders for their role in the revival.
Dr. Ogbu-Nwobodo hailed Governor Mbah for restoring what decades of corruption and mismanagement had destroyed:
“Although the firm established by Dr. Okpara Administration in partnership with Siad Machine Impianti was abandoned for over three decades due to mismanagement, misappropriation of revenue, abuse of company resources, nepotism, and weak corporate governance, Governor Mbah has restored the lost dreams.”
Chief Chike Madueke, Managing Director of Ten Gas Development Ltd., added:
“The restored Nigergas will provide training and thousands of employments for the youths of the state.”
Voices of Commendation
The Chairman of the Enugu State Traditional Rulers Council, Igwe Samuel Asadu; community leader and health consultant, Dr. Joy Uduji; Chairman of Enugu East LGA, Pastor Beloved Dan Anike; and businessman Engr. George Ndubeze Ugwu all praised Mbah’s foresight in bringing dead assets back to life.
Dr. Uduji captured the sentiment in biblical terms:
“You are the Nehemiah of our time. Like Nehemiah, who came and supervised the rebuilding of the walls of Jerusalem, you have also come to rebuild Enugu State.”
Nollywood icon, Kanayo O. Kanayo, also highlighted a different but crucial aspect – the improving security in the state:
“It is not praise-singing, security is working here because when I come to make movies here, we usually stay out late into the night at Nike, and we are safe.”
Global Significance
With this milestone, Enugu joins the ranks of regions reviving industrial gas production for medical and industrial use, aligning with Africa’s push for self-sufficiency in healthcare and manufacturing inputs.
Kanayo O Kanayo
The new Nigergas plant positions Enugu not just as a Nigerian success story, but as a potential industrial gas hub for West Africa, supporting sustainable development, job creation, and regional trade integration. GMTNewsng
Features
Enugu at 34: Between History and a Future in Transition

Enugu State on Wednesday marked its 34th anniversary, reflecting on a journey from its historic role as the heartbeat of Eastern Nigeria to its present efforts at renewal under new leadership.
Enugu State on Wednesday marked its 34th anniversary, a milestone that rekindles memories of its emergence in 1991 when it was carved from the old Anambra State. The creation brought with it hopes of a stronger identity for a people whose history had long been tied to the heart of Eastern Nigeria.
Known as the Coal City, Enugu once served as the headquarters of the former Eastern Region, a symbol of Igbo resilience and political assertion in Nigeria’s post-colonial history. Over the years, the state has carried the weight of that heritage, earning recognition as both an administrative capital and a cultural melting pot.
Yet, three decades on, the journey has been uneven. Successes in education, commerce, and healthcare stand beside persistent challenges of infrastructure, unemployment, and uneven access to basic utilities. For many residents, the anniversary is as much a celebration as it is a reminder of unfinished business.
Governor Peter Ndubuisi Mbah, who assumed office in May 2023, has sought to inject new urgency into Enugu’s development agenda. His “Tomorrow Is Here” blueprint envisions a shift toward technology-driven governance, improved revenue generation, and deliberate steps to expand the state’s economy. A target of raising Enugu’s GDP from $4.4 billion to $30 billion within a decade underscores the scale of that ambition.
One of the boldest early promises of the administration was to restore pipe-borne water in Enugu metropolis within 180 days. That goal became a challenge, as ageing infrastructure could not withstand renewed water pressure. The government has since moved to replace the reticulation network, awarding contracts aimed at ensuring a lasting solution to a decades-long problem that has outlived successive administrations.
The push into renewable energy has equally drawn attention, with initiatives such as the EU-backed Solar-for-Health project designed to provide clean, steady power in healthcare facilities. Enugu has also begun shaping a climate policy to prepare the state for a green economy, a rare move among subnational governments in Nigeria.
For residents, the larger question is how quickly these ambitions will translate into everyday improvements. “We are proud of Enugu at 34, but many of us just want the basics – steady water, better roads, and jobs for our children,” said Mrs. Ujunwa Ogbu, a trader at Ogbete Market. “If the government can fix those, then the future will truly feel different.”
Others strike a more hopeful tone. “It is encouraging to see conversations about renewable energy and innovation happening here,” noted Chinedu Nnamani, a young tech entrepreneur in Enugu. “We grew up knowing Enugu for coal, but it is refreshing to imagine a future where the city is powered by solar and technology.”
At 34, Enugu finds itself standing between a proud past and an uncertain but promising future. Its history as the ancient capital of Ndi Igbo and Southern Nigeria remains a source of identity. Yet, it is the ability to translate present ambitions into tangible outcomes that will ultimately define how the next decades are remembered. GMTNewsng
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