ABUJA, Nigeria — Nigerian conglomerate Wisdom Kwati Group has unveiled an ambitious 10-year growth strategy aimed at achieving $100 billion in consolidated revenue by 2036, alongside plans to pursue listings on the Nigerian Exchange (NGX) and the London Stock Exchange in 2027.
The group announced the roadmap, tagged Vision 2036, during the inauguration of its corporate headquarters in Abuja and the presentation of Wisdom Kwati Smart City as a public limited company.
The strategy outlines expansion plans across real estate, agriculture, financial technology, aviation, manufacturing and other sectors, with management identifying corporate governance, access to capital and measurable business performance as critical to achieving its long-term objectives.
The group’s chairman, Wisdom Kwati, stressed that the $100 billion revenue target represents an aspiration for the future rather than its current financial position.
“It is not a claim that we are already a $100 billion enterprise. We are not. We will report under IFRS, audited internationally.
“Related-party transactions will go to independent directors. If we cannot defend that figure, we will not claim it,” Kwati said.
He added that the next phase of the group’s development would prioritize compliance, proper documentation, independent oversight and internationally recognized auditing standards.
According to him, the success of Vision 2036 would depend on the group’s ability to establish businesses with verifiable performance rather than rely solely on ambitious financial projections.
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Group Plans Dual Listing in 2027
As part of its proposed capital-raising strategy, management disclosed that Wisdom Kwati Smart City PLC had received clearance to begin its listing process.
The company plans to undertake private placements before a proposed initial public offering (IPO) and dual listing on the NGX and London Stock Exchange in 2027.
The proposed listings are expected to support the group’s expansion ambitions by improving access to investment capital and strengthening its corporate governance framework.
However, the proposed IPO and dual listing remain subject to the applicable regulatory requirements and the successful completion of the relevant processes.
Management also disclosed that Wisdom Kwati Smart City operates across seven locations in Nigeria, including Adamawa, Rivers, Abuja, Lagos, Kaduna, Nasarawa and Oyo states.
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The subsidiary’s assets were valued by management at approximately N74 billion, compared with a reported turnover of N10 million at an earlier stage of its operations. The figures were not independently verified at the event.
Smart City Business Targets $50bn Revenue
Under Vision 2036, the group projects that its smart city business will contribute $50 billion in revenue through the development of five million homes across Africa, Asia, Europe and North America.
The proposed developments form a central part of its long-term real estate strategy, which seeks to establish residential communities supported by infrastructure and essential services.
Kwati said the group’s objective was to develop businesses capable of delivering tangible results, including completed housing projects, reliable transport services and properly serviced urban communities.
“Africa does not lack visions. What it lacks is the operating machine that will turn visions into houses with bedrooms, flights that land on time, and cities that will have water and title, not only renders,” he said.
The group also disclosed that discussions were ongoing regarding proposed smart city projects in the United Arab Emirates, Ghana and Houston, Texas, with a target timeline of 2030.
The proposed projects would expand the company’s geographical reach beyond Nigeria, although their implementation will depend on financing, partnerships, regulatory approvals and commercial feasibility.
Fintech Platform Targets 50 Million Users
Financial technology is another major component of the group’s expansion strategy.
Management said its fintech platform currently has more than 7,000 users, with plans to increase that figure to two million within 24 months and 50 million by 2036.
The platform is projected to contribute $20 billion in revenue under the long-term plan.
Achieving the target would require significant growth in user acquisition, transaction volumes, technology infrastructure and the range of financial services offered.
The group has also identified artificial intelligence as a key area of development through its Karrot platform.
According to management, Karrot has generated more than N100 million, with the company projecting revenue of $1 billion by 2030.
The reported earnings and future revenue projections were not independently verified at the event.
Agriculture Expansion Targets 500,000 Hectares
Wisdom Kwati Group also announced plans to expand its agricultural operations following the acquisition of 1,000 hectares of land in Keffi, Nasarawa State, for its farming business.
The company intends to increase the land under cultivation to 10,000 hectares by 2030, with a longer-term ambition of securing up to 500,000 hectares across West Africa.
Management further disclosed that it had secured 11,500 hectares of land in Nuni, near an airport in Sierra Leone, in partnership with the country’s government.
The planned expansion is expected to support the group’s agricultural and agro-industrial ambitions, including its proposed rice, sugar and fertiliser businesses.
The group said it intends to introduce water and rice products by January 2027, followed by sugar in the second quarter, cement in the third quarter and fertiliser towards the end of the year.
The product rollout would mark another phase in its strategy to establish an interconnected portfolio of businesses spanning production, construction and essential consumer goods.
From Tarabost to a Multi-Sector Conglomerate
Group Chief Operating Officer, Pastor Baba Yerima Ballah, traced the organisation’s evolution from its beginnings as Tarabost about a decade ago to what he described as a 500-person organisation.
Ballah said the group initially explored opportunities to secure foreign funding for its smart city concept through a proposal submitted to the German government.
However, he explained that regulatory bottlenecks frustrated the financing effort, prompting the organisation to reconsider its approach and pursue local development.
He identified the group’s businesses as spanning construction, security, fintech, agriculture, aviation, technology and real estate.
Among the entities he named were Karabo Construction, Infinity Kingdom Guards, Kwati Fintech Bank, Kwati Rice and Sugar, Kwati AI and Kwati Air.
The group said its operating model would encourage its subsidiaries to patronise one another, creating an interconnected business structure intended to support growth across the various sectors.
Under this arrangement, the group’s businesses could provide services, products and operational support to other subsidiaries, potentially creating efficiencies and new revenue opportunities.
Execution and Investor Confidence Remain Critical
While Vision 2036 sets out a broad expansion agenda, the scale of the targets presents substantial financing, operational and regulatory challenges.
The projected $100 billion consolidated revenue, the $50 billion smart city contribution, the $20 billion fintech target and the planned $1 billion revenue from Karrot will depend on the group’s ability to scale its operations and demonstrate sustainable commercial performance.
The proposed stock exchange listings will also require compliance with relevant market rules, disclosure obligations and other applicable regulatory standards.
Management pledged to protect investors’ funds and meet agreed returns, maintaining that the credibility of the strategy would ultimately be determined by execution.
Kwati said the group’s long-term objective was to build businesses capable of delivering infrastructure and essential services while maintaining accountability to investors and other stakeholders.
For Wisdom Kwati Group, Vision 2036 represents a long-term attempt to build a diversified African conglomerate with an international footprint.
Whether the ambitious targets can be achieved will depend on the group’s ability to secure funding, deliver its planned projects, expand its customer base and provide independently verifiable evidence of sustained growth.
