since 1997, going into bankruptcy, facing charges over corruption and so on. The two banks merged with a mission of democratizing Nigeria’s banking sector. The first few years were a hassle to get the bank up and running as the public were skeptical on whether they could trust the bank or not given its previous history. Around 2010, the bank was formed into a Pan African institute and saw a large increase of customers and ATMs nationwide. The board members promised to deliver and they did, to date the UBA has more than 8 million global customers and has opened branches in the likes of Paris. After the realisation of Africapitalism’s impact on United Bank for Africa, more and more banks have become locally empowered. This change in Nigeria’s banking sector has seen an increase in international finance between African countries. Other banks that have seen tremendous growth in Nigeria are the First Bank of Nigeria, Access Bank and Zenith Bank. All these banks have very aggressive marketing strategies and have been able to forge partnerships with other international banks in various parts of Africa and the world at large.

The impact of Africapitalism on agriculture

Agriculture is one of Nigeria’s biggest sectors in the economy as many people living in rural areas rely on rearing animals and growing crops to bring bread to the table. As earlier mentioned the Teragro fruit juice plant was one of the many successful agricultural end products to come from the implementation of Africapitalism. Africapitalism in the agricultural sector has seen immense improvements in rural areas of which the economic philosophy has been applied. In the North Western regions of Sokoto and Kebbi Africapitalism has been widespread and has been highly appreciated by young agricultural innovators who are being supplied with development loans that charge low interest rates by the philanthropic Africapitalist institutions. Many Africapitalist pioneers state that despite the African continent having over 60 percent of the world’s arable land there is still a lot that can be improved in terms of yield output as this land is not being used effectively. By financing and supporting innovative agricultural ideas the African continent has the potential to increase productive and allocative efficiency in the agricultural sector. This strategy has proved successful in the regions of Sokoto and Kebbi with mechanisation on farms increasing efficiency and crop yield as well as ensuri