Tos Alpha Fund Sets Investment Focus on Banking, Agriculture and Energy as Nigeria Enters Structural Growth Phase
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LAGOS, NIGERIA, January 23, 2026 -- Tos Alpha Fund (TAF) has outlined a long-term investment strategy centered on three sectors it identifies as critical to Nigeria's economic transformation: Tier-1 banking, vertically integrated agriculture, and distributed energy infrastructure.
The fund said the approach is designed to capture structural growth rather than short-term market movements, with capital allocated to companies demonstrating durable competitive advantages, scale, and alignment with national productivity priorities.
TAF is led by Professor John Okekunle and operates as an institutional equity vehicle targeting what it describes as "moat-heavy" assets within Nigeria's core industries. The strategy reflects the fund's view that Nigeria is entering a multi-year phase of consolidation and industrial expansion driven by financial reform, demographic demand, and infrastructure gaps.
Banking: Positioned for Consolidation and Reform
TAF identified Nigeria's banking sector as a central pillar of its strategy, citing ongoing recapitalization requirements introduced by the Central Bank of Nigeria as a catalyst for consolidation.
According to the fund, Tier-1 banks with strong balance sheets, advanced digital platforms and extensive domestic reach are expected to gain market share as weaker institutions fall away. TAF said it is prioritizing banks with governance strength and technological readiness, positioning its capital to benefit from a more resilient and concentrated financial system.
The fund expects recapitalization to accelerate credit expansion to key industries and broaden access to financial services, supporting long-term sector re-rating.
Agriculture: Backing Self-Sufficiency and Consumer Staples
TAF's second investment focus is vertically integrated agriculture and essential consumer goods, driven by Nigeria's large and growing population.
The fund said it is targeting companies that control production across the value chain, from raw inputs to distribution, reducing exposure to foreign exchange volatility and global supply disruptions. Demand for staple food and household products is expected to remain resilient across economic cycles, supporting stable cash flows and long-term growth.
TAF described these businesses as central to Nigeria's efforts to reduce import dependence and strengthen domestic food security.
Energy: Investing in Distributed Power Solutions
The third pillar of the strategy is distributed and off-grid energy infrastructure, particularly renewable and hybrid systems serving industrial, commercial and residential users.
TAF said unreliable grid power remains a structural constraint on economic productivity, driving demand for decentralized energy solutions. The fund is focusing on projects with predictable revenue models and long-term contracts, including solar and hybrid installations for factories, hospitals and large residential clusters.
These investments, TAF said, are evaluated using international risk and governance standards to ensure technical viability and income stability.
Long-Term Capital Allocation
TAF stated that its investment framework is designed to align private capital with Nigeria's long-term development priorities, emphasizing discipline, transparency and sustained engagement rather than short-term trading.
The fund views the coming decade as a critical period for Nigeria's economic repositioning, with opportunities concentrated in institutions and infrastructure underpinning national productivity.
Tos Alpha Fund is an actively managed, institutional-grade equity fund focused on high-conviction opportunities in the Nigerian securities market. Managed by Okekunle Equity Partners (UK) Ltd., the fund applies deep fundamental research and international fiduciary standards to long-term capital deployment. Under the leadership of Professor John Okekunle, TAF aims to connect global capital with Nigeria's core economic sectors while maintaining a focus on governance, discipline and sustainable impact.
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The fund said the approach is designed to capture structural growth rather than short-term market movements, with capital allocated to companies demonstrating durable competitive advantages, scale, and alignment with national productivity priorities.
TAF is led by Professor John Okekunle and operates as an institutional equity vehicle targeting what it describes as "moat-heavy" assets within Nigeria's core industries. The strategy reflects the fund's view that Nigeria is entering a multi-year phase of consolidation and industrial expansion driven by financial reform, demographic demand, and infrastructure gaps.
Banking: Positioned for Consolidation and Reform
TAF identified Nigeria's banking sector as a central pillar of its strategy, citing ongoing recapitalization requirements introduced by the Central Bank of Nigeria as a catalyst for consolidation.
According to the fund, Tier-1 banks with strong balance sheets, advanced digital platforms and extensive domestic reach are expected to gain market share as weaker institutions fall away. TAF said it is prioritizing banks with governance strength and technological readiness, positioning its capital to benefit from a more resilient and concentrated financial system.
The fund expects recapitalization to accelerate credit expansion to key industries and broaden access to financial services, supporting long-term sector re-rating.
Agriculture: Backing Self-Sufficiency and Consumer Staples
TAF's second investment focus is vertically integrated agriculture and essential consumer goods, driven by Nigeria's large and growing population.
The fund said it is targeting companies that control production across the value chain, from raw inputs to distribution, reducing exposure to foreign exchange volatility and global supply disruptions. Demand for staple food and household products is expected to remain resilient across economic cycles, supporting stable cash flows and long-term growth.
TAF described these businesses as central to Nigeria's efforts to reduce import dependence and strengthen domestic food security.
Energy: Investing in Distributed Power Solutions
The third pillar of the strategy is distributed and off-grid energy infrastructure, particularly renewable and hybrid systems serving industrial, commercial and residential users.
TAF said unreliable grid power remains a structural constraint on economic productivity, driving demand for decentralized energy solutions. The fund is focusing on projects with predictable revenue models and long-term contracts, including solar and hybrid installations for factories, hospitals and large residential clusters.
These investments, TAF said, are evaluated using international risk and governance standards to ensure technical viability and income stability.
Long-Term Capital Allocation
TAF stated that its investment framework is designed to align private capital with Nigeria's long-term development priorities, emphasizing discipline, transparency and sustained engagement rather than short-term trading.
The fund views the coming decade as a critical period for Nigeria's economic repositioning, with opportunities concentrated in institutions and infrastructure underpinning national productivity.
Tos Alpha Fund is an actively managed, institutional-grade equity fund focused on high-conviction opportunities in the Nigerian securities market. Managed by Okekunle Equity Partners (UK) Ltd., the fund applies deep fundamental research and international fiduciary standards to long-term capital deployment. Under the leadership of Professor John Okekunle, TAF aims to connect global capital with Nigeria's core economic sectors while maintaining a focus on governance, discipline and sustainable impact.
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