Lafarge Africa Plc, a Sub-Saharan Africa building materials company, has posted “another stellar performance in the first half of 2025”.
The company recorded a “70% increase in net sales to reach N269 billion.”
Bayo Onanuga, Special Adviser to President Tinubu on Information and Strategy, said, those “IDP politicians” will overlook this “gcod news” on the country’s economy, adding, they prefer “misinformation and disinformation”.
The Special Adviser gave the credit on the “improvement” in the economy to President Bola Tinubu’s reforms.
Bayo Onanuga posted on X: “Lafarge Africa has testified to the robustness of the Nigerian economy, posting another stellar performance in the first half of 2025.
“Net sales increased by 70% to reach N269 billion, driven by improved volumes resulting from enhanced plant stability.
“Operating profit improved by 153% due to topline growth and operational efficiencies. Profit After Tax (PAT) was N84 billion, representing a 248% increase. PAT in H1 2025 was N133B. The relative stability of the Naira was a factor in the rise. Foreign exchange losses heavily impacted the prior year.
“Those IDP politicians will never talk about this good news on the economy. They feed on misinformation and disinformation. However, they need to understand that the surge in the stock market is a result of the increased profitability of many listed companies, indicating that the economy has undergone significant improvement following President Tinubu’s reforms.”
