COVID-19 and the Focus on Sub-Nationals in Nigeria


Thursday, April 16, 2020 / 04:00 PM / WebTV / Header Image Credit: Ecographics


WebTV's Market Review segment dedicated to #Coronanomics will be featuring a robust conversation on 'COVID-19 and the Focus on Sub-Nationals in Nigeria'.


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Guest:           Teslim Shitta-Bey

Date:             Friday, April 17, 2020

Time:            10.00am

Platform:    Livestream on YouTube, Twitter, Facebook and Instagram

Topic:           COVID-19 and the Focus on Sub-Nationals in Nigeria

Highlights: Available later in the day with link to full video.

Host:             Ottoabasi Abasiekong, Editor, WebTV

Co-Host:      Boason Omofaye, Guest Analyst and CEO Frontier Africa Reports


Key Questions for Discussion

  • COVID-19 and the Challenge of Economic Sustainability for Sub-Nationals
  • Governors and the Building of Consensus to Mitigate COVID-19 Spread
  • Revenue Challenges for States and Resource Management
  • Exploring Regional Partnership
  • States and LGAs Relationship


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Guest Profile:

TESLIM SHITTA-BEY is the Managing Editor, Proshare Nigeria Limited. He holds a Bachelor's degree in Economics and Statistics (University of Benin) and a post graduate certificate in Financial Journalism. He has, in the last three decades, accumulated a rich and varied experience as stock market/Investment analyst, Commercial and Investment banker and as a financial journalist. He has had over 20 years of experience in Investment Banking.


He started his Investment Banking career twenty four years ago at Capital Bancorp Limited, where for several years he headed the Investment bank's Corporate Finance and Research Group (where he was institutional lead in the First Lagos State Government N50 billion Revenue Bond and the equity flotation of defunct African Petroleum Plc under a Federal Government privatization programme). As part of his responsibilities at Capital Bancorp Limited, he also took direct charge of Capital Market research, Mergers and Acquisition mandates, debt origination assignments and government privatization programmes.


In 1999/2000, Shitta-Bey left Capital Bancorp after five years to become head of the Corporate Finance Group of City Express Bank Plc where he was responsible for Fixed Income debt origination (Ekiti State Government N4billion Revenue Bond) and other sundry equity and debt origination mandates. He was also responsible for Project Finance and Project Management. This placed him in a privileged position to oversee and complete a wide variety of financing mandates including leasing to the transport sector.


In 2005, Shitta-Bey joined Capital Express Securities Limited as Chief Operating Officer, and continued a variety of capital market mandates including the Private Placement and eventual listing of MTS First wireless, after which he decided, in 2008, to put full time effort in managing a private financial consultancy partnership, Grant Alsthom Consulting Limited.


Shitta-Bey is an avid Financial Modeler and is a regular collaborator with the global financial modeling community. Between 2013 and 2018 he was Managing Director of Hallmark Newspapers publishers of weekly tabloid, Business Hallmark Newspaper. However, since December, 2018, he joined Proshare Nigeria as its inaugural Managing Editor.


You can follow him on LinkedIn , Facebook  and Twitter. He can be contacted via email at


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DISCLOSURE: This content reflects the views of the author(s) drawing on prior research and experience in their areas of expertise. It is not a reflection of our institutional position; and is not a recommendation to buy or sell securities or the products mentioned therein. Proshare Content and their owners, managers, employees, and assigns (collectively the "Company") are bound to comply with in-house governance rules requiring this necessary disclosure to ensure that readers, subscribers and consumers understand what the content is. All T&C applies.

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