The Nation Newspaper

Category: Business

  • ‘Blue Economy at risk without modern transport laws’

    ‘Blue Economy at risk without modern transport laws’

    The country’s ambitions in the Blue Economy may remain out of reach unless it modernises its multimodal transport laws and strengthens enforcement structures, maritime experts and legal practitioners have warned.

    The concern was raised at the 16th Annual Lecture and AGM of the Nigerian Maritime Law Association (NMLA) in Lagos, where regulators, maritime lawyers, security officials and policymakers examined how outdated laws and fragmented regulatory frameworks are weakening the country’s competitiveness in global logistics.

    The event, themed “The Future of Multimodal Transportation in Global Trade”, focused on evolving carriage regimes and underscored the urgent need for clearer, modern legal structures to support Nigeria’s multimodal transport system.

    NMLA President, Funke Agbor (SAN), said the gathering reflects a renewed industry resolve to confront long-standing legal gaps.

    She described the meeting as a “rich congregation of ideas, bridging theory and practice, strengthening our profession’s capacity and reinforcing the role of maritime law within Nigeria’s dynamic and growing maritime industry.”

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    She stressed that Nigerian maritime laws must be “fit for purpose, modern, integrated and enforceable.”

    Delivering the keynote on behalf of the Minister of Industry, Trade and Investment, Jumoke Oduwole, Oyindamola Ade-Alli of the Lagos State Waterways Authority warned that Nigeria’s transport systems are evolving faster than the laws guiding them.

    Oduwole noted that “Transport systems across sea, road, air, rail, and inland waterways are evolving faster than the legal frameworks that support them. As maritime lawyers and policymakers, we must bridge this gap.”

    She added that the success of Nigeria’s Blue Economy — spanning ports, inland waterways, maritime services, offshore activities and coastal tourism, depends on clear, investor-friendly legislation.

    Citing the Rotterdam Rules as a benchmark, she called for a framework enabling single multimodal contracts, electronic documentation, fair liability rules and seamless dispute resolution.

    Enforcement, she said, must be “transparent, predictable and technologically enabled.”

    A panel session moderated by Michael Abiiba of Bloomfield LP dissected Nigeria’s fragmented transport laws and the resulting enforcement drawbacks.

    Senior Advocate of Nigeria, Bankole Sodipo, faulted the absence of a unified multimodal framework.

    “We have issues such as a lack of a single policy framework. Sometimes, who is going to be in charge is unclear,” he said, warning that overlapping laws complicate liability allocation.

    Deputy Director of Legal Services at NIMASA, Aderonke Adekanye, said the agency is working to strengthen collaboration across regulators. She noted that implementing multimodal transport policy requires alignment with federal frameworks and improved inter-agency cooperation.

    On judicial interpretation, Justice Ayokunle Olayinka Faji of the Federal High Court said the court has broad jurisdiction over multimodal disputes, but legal uncertainties persist due to a lack of comprehensive legislation.

    “Even though there is no tough court here, our jurisdiction extends from the time goods are placed on the ship to delivery to the consignee, whether or not there is an intervening land transportation,” he said, urging judicial activism to bridge gaps.

    The Assistant Inspector-General of Police in charge of Maritime, AIG Chinedu Oko, highlighted enforcement challenges, including cargo theft, inadequate prosecution systems, and logistical constraints.

    “One of the best ways to tackle this issue is to ensure personnel are trained on evidence gathering, from when we get to the crime scene to how we handle and present evidence,” he said.

    Stakeholders unanimously agreed that the country’s maritime future will depend not only on port expansion and infrastructure spending but on a robust, modern legal foundation supported by clear carriage regimes, stronger enforcement and technology-driven coordination.

  • Seplat Energy empowers 25 journalists in Imo

    Seplat Energy empowers 25 journalists in Imo

    A leading Nigerian indigenous energy company, Seplat Energy Plc, has continued its tradition of empowering the media with knowledge and tools for professional growth through a two-day capacity-building workshop for journalists in Imo State.

    The training, held in Owerri, brought together 25 journalists from both print and electronic media across the state for an intensive learning experience designed to enhance communication, writing, and digital storytelling skills.

    In his opening remarks on behalf of the Director, External Affairs & Social Performance, Chioma Afe, the Manager Corporate Communications, Stanley Opara, reaffirmed the company’s commitment to nurturing media partnerships that promote transparency, accountability, and national development.

     He emphasized Seplat Energy’s role in supporting journalists to adapt to the fast-evolving digital and technological landscape.

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    “We consider excellence as cardinal in everything we do. The critical role of the media in shaping narratives and culture makes it very important to embed global best practice in its delivery. This is what we need to drive development in Nigeria, and Seplat Energy is well aligned on this,” Opara said.

    The Base Manager, Eastern Assets, Mr. Emmanuel Otokhine, encouraged journalists to make the most of the robust training and capacity-building opportunity, advising them to remain spontaneous, adaptable, and open to exploring career prospects that leverage their transferable skills.

    The workshop featured insightful sessions led by Dr. Solomon Avbioroko, who explored the psychology of communication, professional interaction, and the importance of self-awareness in journalism. Participants engaged in interactive exercises and assessments that deepened their understanding of effective storytelling and newsroom productivity.

    Media expert, Nnamdi Uwaemulem, facilitated practical modules on report writing and mobile video journalism (MOJO), introducing participants to the art of creating impactful stories using smartphones, from framing and lighting to mobile editing. His second session, Media Transformation and Emerging Opportunities, examined how digital disruption is reshaping the industry and opened participants’ eyes to new opportunities in media entrepreneurship and content creation.

    Another facilitator, Mr. Abiola Adedeji, guided participants through Understanding Digital Marketing and Social Media Strategy, highlighting how data-driven storytelling and analytics can amplify journalistic impact across platforms like X (formerly Twitter), Instagram, TikTok, and YouTube.

    Participants described the experience as both practical and transformative, commending Seplat Energy for its sustained investment in human capital development. The company’s initiative once again underscores its belief that skilled and informed media remains critical to driving sustainable national development and shaping positive public discourse.

  • CRFFN, CIB sign MoU to deepen transparency, cut hidden costs in freight forwarding

    CRFFN, CIB sign MoU to deepen transparency, cut hidden costs in freight forwarding

    The Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) and the Convention on Business Integrity (CIB) have signed a Memorandum of Understanding (MoU) aimed at promoting transparency, reducing unreceipted charges, and improving efficiency across Nigeria’s ports and logistics corridors.

    The event, held at Providence by Mantis Hotel, Ikeja, Lagos, brought together industry stakeholders, development partners, and representatives of the Maritime Anti-Corruption Network (MACN).

    CRFFN Registrar and Chief Executive Officer, Igwe Kingsley Onyekechi, described the agreement as a significant milestone in Nigeria’s push for cleaner, more transparent port operations. 

    According to him, the partnership aligns with the Federal Government’s Renewed Hope Agenda and ongoing reforms under the Presidential Enabling Business Environment Council (PEBEC), particularly initiatives targeting ports and customs efficiency.

    He said the MoU would deploy internationally tested anti-corruption tools, already effective offshore to the land side of ports, enabling real-time reporting of bottlenecks, undue demands, and operational delays.

    “This MoU is all about introducing transparency in the freight forwarding business. It will enhance the ease of doing business, reduce costs, and improve the flow of cargo across our ports and logistics corridors. These tools are for everyone: importers, exporters, freight forwarders, terminal operators, and government agencies. They help users mitigate challenges in real time,” he said.

    Onyekechi stressed that the tools are not designed to witch-hunt operators but to sanitise the system and discourage backdoor practices that inflate the cost of goods.

    “When deals are done without transparency, justice is threatened. We want a cleaner, more transparent environment. If users face challenges, whether from state or non-state actors, they can get help immediately. But those using the tools must also be clean; no one goes to equity with dirty hands,” he said. 

    He added that the reforms would ultimately benefit everyday Nigerians by lowering logistics costs, which contribute significantly to rising market prices.

    CIB co-founder, Olusoji Apampa, said the partnership builds on progress achieved at the marine side of Nigerian ports, where vessel operations have become more transparent and less prone to harassment and unreceipted payments.

    According to him, extending these gains to the land corridor is critical because freight forwarders still encounter numerous informal charges at almost every stage of cargo movement.

    “Today, we signed an MoU to provide CRFFN with tools developed by the Maritime Anti-Corruption Network, headquartered in Denmark. Beyond providing tools, we will offer training, capacity building, and support on how to receive complaints and follow through to ensure change happens along the land side of the ports and the wider logistics corridors,” he said

    Apampa noted that over 80 to 90 percent of goods consumed in Nigeria enter through the ports, meaning every hidden charge eventually reflects in retail prices.

    “Many officials don’t realise that unreceived demands go back into freight costs and ultimately into the price of goods in the market. We all shop in the same markets, so this change benefits everyone,” he said.

    He added that the initiative would gradually extend beyond the maritime sector into aviation and other logistics areas as part of a broader integrity and governance reform agenda.

  • Oyetola appoints Iyelolu Registrar of Ships

    Oyetola appoints Iyelolu Registrar of Ships

    …NIMASA DG says move will strengthen Ship Registry governance

    The Minister of Marine and Blue Economy, Adegboyega Oyetola, has approved the appointment of Barr. Adenike Iyelolu as the new Registrar of Ships.

    Her four-year tenure took effect immediately, following a recommendation by the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola.

    The appointment marks a major administrative step for the Nigerian Ship Registry, one of the country’s key maritime regulatory institutions.

    Under the NIMASA Act 2007, the Registrar of Ships reports directly to the Director General for effective oversight of vessel documentation and compliance.

    The Act states, “The Registrar of Ships shall, with the approval of the Minister, be appointed by the Director General from among the staff of the Agency.”

    Iyelolu, currently a Deputy Director at NIMASA, brings more than 25 years of post-call experience in maritime law, arbitration, procurement, contract administration, corporate governance, and institutional leadership.

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    She takes over from Barr. Tajudeen Giwa, who retired after what the Agency described as “years of commendable service.”

    NIMASA’s spokesperson, Osagie Edward, confirmed the development, stressing that the appointment reflects the Ministry’s commitment to strengthening maritime administration.

    “Barr. Iyelolu’s appointment comes following the retirement of the former Registrar of Ships, Barr. Tajudeen Giwa, after years of commendable service,” he said.

    The Agency expects the new Registrar to drive reforms that will enhance the competitiveness and credibility of the Nigerian Ship Registry.

  • FIRS appoints Xpress Payment as TSA collecting agent

    FIRS appoints Xpress Payment as TSA collecting agent

    Xpress Payment Solutions Limited, one of Nigeria’s leading financial technology companies, has been officially appointed as the collecting agent for the Federal Inland Revenue Service (FIRS) under the Treasury Single Account framework.

    The appointment enables all taxpayers on the FIRS TaxPro Max platform to use Xpress Payments as their preferred channel for remitting payments to the Federal Government through the TSA.

    Taxpayers making statutory remittances such as Company Income Tax, Value Added Tax, Withholding Tax, and other FIRS payments will have the opportunity to choose Xpress Payments while generating their Payment Reference Number on TaxPro Max. Payments can then be made conveniently online via XpressPay, the company’s secure payment gateway, or in person at any bank branch through e-Cashier, Xpress Payments’ in-branch collection platform.

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    Speaking on the development, the Acting Managing Director of Xpress Payment Solutions Limited, Wale Olayisade, expressed delight at the partnership with FIRS, describing it as a milestone that underscores the company’s reliability and innovation in payment solutions. He assured taxpayers of a seamless experience while using the company’s platforms for their remittances.

    “We are honoured to be selected by FIRS as a collecting agent under the TSA. This partnership aligns perfectly with our mission to provide efficient, transparent, and technology-driven payment solutions that support Nigeria’s economic growth and national development. Our systems are built to ensure ease, speed, and security for every transaction. We have put in place robust infrastructure and customer support to deliver a smooth and reliable tax payment experience to all users,” Olayisadesaid.

  • Why firms sustained mergers, acquisitions, by issuing houses

    Why firms sustained mergers, acquisitions, by issuing houses

    The Association of Issuing Houses of Nigeria has said the resilience of Nigerian companies helped them to sustain mergers, acquisitions and debt issuances in the face of economic challenges.

    Speaking during the AIHN’s annual Investment Banking Awards in Lagos,  President, Association of Issuing Houses of Nigeria (AIHN) , ‘Kemi Awodei noted that the tough economic  conditions, did not deter companies from playing big in the financial markets.

    She said the award ceremony was opportunity for AIHN members to celebrate excellence within Nigeria’s capital market ecosystem while also unveiling the Association’s new executive committee members.

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    The annual gathering brought together leading issuing houses, investment banking professionals, regulators, and policymakers to review the year’s activities, reward outstanding performance, and reinforce industry-wide commitment to innovation, professionalism, and value creation.

    Awodei, said the awards reflect the resilience of the Nigerian economy despite notable challenges in 2024.

    “Despite the headwinds we saw in 2024, companies still raised capital, sought partners for M&A transactions, and issued debts.

  • Oil majors back Nigeria’s push for 1m bpd

    Oil majors back Nigeria’s push for 1m bpd

    The Petroleum Technology Association of Nigeria (PETAN), alongside major international oil companies including Shell, TotalEnergies and ExxonMobil, has pledged full support for Nigeria’s ambitious plan to ramp up crude oil production.

    Their commitments were made at the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) Project 1MMBOPD Additional Production Investment Forum, in London — a high-level engagement aimed at attracting investment and adding one million barrels per day (bpd) to Nigeria’s output.

    The forum convened leading operators, investors and regulators to explore new investment opportunities, address funding constraints, and strengthen collaboration needed to meet the nation’s production target.

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    NUPRC Chief Executive, Engr. Gbenga Komolafe, disclosed that the 2025 Oil Licensing Round will begin on December 1, 2025. The round will focus on unlocking undeveloped and fallow oil and gas assets across the country.

    The forum provided direct access for investors to key decision-makers, showcasing a portfolio of commercially viable projects designed to promote transparent and efficient partnerships across the upstream sector.

    Lawmakers and senior government officials reiterated Abuja’s commitment to removing operational bottlenecks, stressing that the Petroleum Industry Act (PIA) remains stable and will not be arbitrarily amended — a major concern for global investors.

  • NBC reinforces commitment to women empowerment

    NBC reinforces commitment to women empowerment

    Nigerian Bottling Company (NBC) Ltd has reinforced its commitment to women’s leadership and inclusion by partnering with Women in Management, Business, and Public Service (WIMBIZ) for the organisation’s 24th Annual Conference. The event, themed “Own. Walk. Nurture.”, was held on 6–7 November 2025 at Eko Hotels and Suites, Victoria Island, Lagos.

    At a panel session titled “Leading from the Inside Out: Balancing Ambition, Vulnerability & Purpose,” Oluwasoromidayo George, NBC’s Director of Corporate Affairs and Sustainability, joined other notable women leaders to share insights on navigating leadership from a place of purpose.

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    Drawing on her background in corporate leadership and sustainability, George stressed the need to be intentional, strategic, and authentic throughout one’s career journey. She noted that today’s workplaces must evolve to support people through both personal and professional challenges, giving them room to grow and deliver meaningful contributions.

  • Lagos N200b bond records N310b subscription

    Lagos N200b bond records N310b subscription

    • Green bond oversubscribed by 94%

    Lagos State has concluded the bookbuild for its latest bond issuance, with the two tranches recording significant oversubscriptions.

    The state offered a N200 billion conventional bond and a N14.8 billion green bond, both of which were significantly oversubscribed. The conventional bond, which is the largest ever issued by a non-corporate sub-national in Nigeria’s history, attracted subscriptions totalling N308 Billion, representing a 54 per cent oversubscription above the initial offer.

    Lagos State is the first sub-national government to issue an impact climate bond. The green bond attracted N28.7 Billion, 94 per cent above the initial target.

    Lagos State Governor, Mr. Babajide Sanwo-Olu said the oversubscription was a reflection of the global confidence in Nigeria’s economy, fostered by the bold reforms initiated by President Bola Tinubu, especially coming on the heels of the recent oversubscription of the Federal Government’s Eurobond.

    He said:  “In Lagos, ours is a testament to our resilience and the unwavering support of our private sector partners who believe in our vision of building Africa’s model megacity that is safe secure and functional.

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    “We shall continue to ensure prudent financial management, accountability and fiscal transparency as we continue to provide a conducive environment for businesses to grow. Our dream is to make Lagos a global financial hub; we will keep our eyes on the ball”.

    Commissioner for Finance, Lagos State, Yomi Oluyomi stated that net proceeds from the bonds were earmarked to fund critical projects across the state, directly aligned along the line of the THEMES+ Agenda Sanwo-Olu administration.

    He said: “These projects will focus on vital areas such as transportation, healthcare, education, and environmental sustainability, all aimed at significantly improving the livelihood and well-being of all Lagosians and securing a more prosperous and resilient future for the state”.

  • Govt pushes for aviation sector investments

    Govt pushes for aviation sector investments

    President Bola Ahmed Tinubu has highlighted areas investors could explore in aviation to plough their resources for good returns urging players in the air travel ecosystem to imbibe collaboration especially with operators in the private sector.

    To make Nigeria the  preferred destination for aviation investment, Tinubu said the Federal Government has already on track  the simplification of regulatory procedures, promotion of  transparency, and offering incentives in areas such as airport infrastructure, aircraft leasing, maintenance, and training.

    Tinubu disclosed this  while declaring open the  2025 FAAN NATIONAL AVIATION CONFERENCE (FNAC), in Lagos.

    He was represented by the Secretary of the Government of the Federation ( SGF), Mr George Akume.

    Tinubu said : “We are also working on fiscal reforms that will ensure clarity and lend its hand to overall investment and policy coherence. Opportunities abound because Nigeria’s aviation industry remains one of the most viable and under-exploited markets in Africa for several reasons.

     “Over 220 million people and the largest domestic aviation market on the continent. Strategic geographic location, ideal for trans-African and intercontinental linkages.

    “Growing middle class and travel demand which is expected to double within a decade. A $1.7 trillion regional market, driven by AfCFTA, that depends heavily on efficient air logistics. Massive unmet demand in cargo, MRO, leasing, charter services, and aviation-linked real estate.

    These are not abstract possibilities, they are real market opportunities ready for investors.”

    The President said the government has been working on fiscal reforms that will ensure clarity and lend its hand to overall investment and policy coherence.

    Describing the 2025 FAAN National Aviation Conference (FNAC), an annual convergence that has become the major incubator for ideas, innovation, collaboration and investment opportunities in aviation ecosystem, Tinubu said the focus of the government is to transform the aviation into a critical engine for national  national growth and global competitiveness in a manner that drivers job creation, prosperity and  wealth.

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    He said: “The aviation industry remains one of the most technologically advanced industries in the world and it is still growing in its vital role of connecting people and markets, driving tourism and trade as well as supporting countless jobs across sectors.

    “Within the continent of Africa air transport bridges distance, promotes trade, tourism, enhances territorial security, supports food security, humanitarian services, maintenance of peace and fosters unity. Therefore, every runway built, every terminal modernized, and every policy reform implemented contributes directly to regional, sub-regional and national progress.

    Nigeria is a vast country that is geographically located as a regional hub for connectivity. This has informed the policy direction, investment in infrastructure, systems, capabilities and human capital development.”

    Highlighting the  flagship program  of the administration, the Renewed Hope Agenda, Tinubu said  significant strides have been achieved over the past two years in the area of infrastructure.

    He said : “  We have embarked on the Commissioning of new international terminals in Lagos and Port Harcourt, boosting capacity and service quality. Major rehabilitation works in Abuja, Enugu, Kano, and other airports to meet global safety and efficiency requirements.

    Strengthening of regulatory oversight, with enhanced collaboration between NCAA, ICAO, IATA, and NCAT to elevate industry standards. Expansion of cargo, hangar, and MRO facilities in Lagos and Kano to position Nigeria as West Africa’s logistics and aircraft-maintenance hub.

    Development of frameworks for a national carrier, guided by transparency, sustainability, and global best practice.

    “ These interventions are building blocks for a modern aviation ecosystem anchored on efficiency, private sector investment, safety, and international competitiveness. Government can not shoulder these responsibilities alone but shall continue to create an enabling  environment for businesses to thrive. The aviation sector in Nigeria is part of the global systems as it must comply with prescribed standards and practices. This dictates that Nigeria must continue to open the windows of opportunity for investment, partnership, and global engagement.”

    Tinubu charged participants and industry players to consider emerging frontiers, where the next wave of growth will come from.

      These , Tinubu said include : “ Aviation Cargo and Agro-Export Corridors involving dedicated cargo terminals in Lagos, Kano, Port Harcourt, and Makurdi, integration with Special Agro-Industrial Processing Zones and cold-chain infrastructure for perishables

    “ Expansion of Maintenance, Repair, and Overhaul (MRO) infrastructure aimed at reducing aircraft maintenance capital flight, attracting global MRO players to partner with local investors.

     Development of Smart & Green Airports involving renewable energy integration; digital passenger management, E-gates, biometrics, and AI-driven security systems

     Aviation Training & Human Capital which involves upgrading of the  NCAT which has been decentralised for access, forging of new  training partnerships and development of modular training hubs for pilots, ATCs, and aircraft engineer.

    These emerging areas align directly with the government’s  economic diversification, growth and and job-creation goals.

    “ This administration shall remain focused on safety, efficiency, and sustainability in the sector. We also renew our commitment to implementing Civil Aviation Policy reforms, embracing renewable energy solutions for airport operations, and developing smart, secure, and customer-friendly terminals.

     “Together , government, private sector, and international partners, we can build a safer, stronger, and more globally connected industry. While not compromising standards, safety and security, our policies shall continue to be investment friendly and the interest of critical stakeholders shall remain paramount. Let your discussion chart the way forward.”

     Speaking at the conference, Governor of Lagos State, Mr Babajide Sanwo- Olu canvassed collaboration between FAAN and the Centre of Excellence in driving the growth of multi – modal transportation system saying the airport planned for the Lekki corridor has received approval from the Federal Government.

    Sanwo – Olu said the proposed airport, for which the State Government is seeking funding for will add to the economic development of the state and de-congest pressure on the Murtala Muhammed International Airport, Ikeja.

    The Lagos Governor, said the proposed airport will handle five million passengers annually, with capacity for Airbus 380 aircraft .

    He said : “ We will continue to pursue our drive to achieve a coordinated implementation of a single vision mobility system.We are seeking opportunities to develop aviation for overall economic development”

    Sanwo- Olu said the State Government is seeking private sector players to develop air transport infrastructure.

    He said : “ The Lagos State Government and Ogun State will work together to develop the supply chain of aviation logistics, eCommerce , logistic parks and others areas .We will put in place the governance structure to make it work secure the right partnership and push for the right pillars to achieve the economic strategy of an integrated hub.”

    Sanwo – Olu praised Tinubu for his strides at repositioning the aviation sector through airport infrastructure upgrade and renovation “

    Chairman of FAAN Board, and former National Chairman of APC, Dr, Umaru Abdullahi Ganduje commended FAAN for the conference , describing it as a platform to draw investment to the sector.

    Ganduje praised Tinubu for his achievement in the aviation sector for the last two years.

    On his part,Minister of Aviation and Aerospace Development, Mr Festus Keyamo said Nigeria is making significant efforts to reposition the aviation sector. He called for action and partnership to drive the agenda of the government to fix the sector.

    Keyamo was represented by the Permanent Secretary of the Ministry, Dr. Ibrahim Kana.

    Governors of Borno and Imo States, Prof. Babagana  Zulum and Hope Uzodimma highlighted investment opportunities in aviation in their jurisdictions.

    Ogun State Governor, Prince Dapo Abiodun said the state is making giant strides in the aviation sector with the airport it just completed .

    Represented by the Deputy Governor, Engineer Noimat Salako – Oyedele , Abiondun said the state is open to partnership to drive its infrastructural development.

    While welcoming guests, Managing Director of FAAN, Mrs Olubunmi Kuku said the conference  provides opportunity to seek investment in infrastructure, operations and engagement in technology.

    Mrs Kuku said : “ So, to the investor community, I pose this question: Will you help us build the future? We are offering concrete pathways. Investment in Infrastructure: The gap between our current capacity and projected demand is your opportunity in terminal modernisation, cargo facilities, and airport cities.Partnership in Operations: We seek global expertise in management, ground handling, and logistics—partner with us to enhance efficiency and share in the profitability of a growing market.

    “ Global Engagement in Technology: From bio metrics to sustainable solutions, invest in the future of African travel with us. The fundamentals are undeniable: Africa’s largest population, a growing economy, and a strategic geographic position. The demand is here. Growth is inevitable. The only question is, who will have the foresight to be in the cockpit with us?

    “To truly ascend, we need all hands on deck. This is why I make a direct appeal to our valued unions: embrace this new era of collaboration. Your understanding and partnership are the bedrock upon which we will build. The private investment we seek is not a replacement for our workforce; it is the catalyst for its growth. It will create better facilities, more advanced systems, and ultimately, more and better jobs for Nigerians. Let us work together with a shared vision to welcome the capital that will secure our collective.”