MERISTEM UNVEILS INAUGURAL NIGERIA FAMILY WEALTH REPORT

Leading investment and financial services firm Meristem has launched the inaugural edition of the Nigeria Family Wealth Report, providing deep insights into the dynamics of wealth creation, preservation, and transfer among high-net-worth families in the country.

The report, unveiled at a high-profile event in Lagos, analyses trends in family businesses, succession planning, investment preferences, philanthropy, and the impact of macroeconomic factors on intergenerational wealth. It draws on data from surveys and interviews with family leaders and wealth advisors across Nigeria.

Meristem Group Managing Director, Mr. Oluwole Abegunde, described the report as a timely tool for families navigating complex wealth challenges in Africa’s largest economy. “Wealth management in Nigeria requires a nuanced understanding of local realities, cultural values, and global best practices,” he said.

Key findings highlight the dominance of family businesses in Nigeria’s private sector, the rising importance of sustainable and impact investing, and gaps in formal succession planning. The report also offers recommendations on governance structures and professional advisory support for family offices.

Stakeholders, including regulators and family business leaders, have welcomed the initiative, describing it as a valuable resource for fostering long-term economic stability. Meristem plans to make the report an annual publication to track evolving trends in family wealth management.

The launch underscores the growing sophistication of Nigeria’s private wealth sector and the need for tailored solutions to protect and grow family legacies.