Category: Business

  • Deeper integration vital to African markets

    Deeper integration vital to African markets

    President Bola Ahmed Tinubu yesterday cautioned that Africa cannot achieve industrial scale, negotiate competitively, or withstand global economic shocks if it continues to operate as a tapestry of fragmented markets hemmed in by inefficient borders.

     He said only deeper integration and seamless cross-border operations can unlock the continent’s industrial and trade potential.

     The President, represented by Vice President Kashim Shettima, made the assertion in Abuja while declaring open the Customs Pact – Partnership for African Cooperation in Trade (C-PACT).

     He maintained that Africa’s prosperity hinges on dismantling structural barriers that slow movement, limit competitiveness, and fracture economies across the continent.

    “Fragmented markets cannot achieve industrial scale, negotiate effectively with global powers, or withstand external shocks,” he said, adding that integration enables “large-scale industrialisation, collective bargaining strength, and resilient supply chains.”

     Tinubu reaffirmed Nigeria’s resolve to drive the emergence of an Africa where borders enable opportunity rather than impede it.

    He said size, population, or endowments are inconsequential if countries remain trapped behind inefficient borders and outdated administrative systems.

    “Nigeria remains firmly committed, structurally and operationally, to building an Africa that trades by design, where integration is practical, measurable and effective.

    Our ambition is simple: a continent where borders facilitate opportunities rather than inhibit them,” he stated.

    The President said although Africa had already taken the hardest step by agreeing on continental integration under the African Continental Free Trade Area (AfCFTA), real progress now depends on disciplined execution.

    “Success will be judged not by communiqués but by real outcomes, shorter border-crossing times, reliable local-currency settlements and efficient movement of goods across borders and ports,” he added.

    Tinubu recalled that his administration’s economic reforms, unifying the foreign exchange market, removing fuel subsidies, modernising ports, and aligning trade institutions, were designed to clear structural obstacles limiting competitiveness.

    Read Also: Agriculture as tool for economic recovery

    He noted that the Nigeria Customs Service’s digital clearance systems, the Nigerian Ports Authority’s efficiency drive, the Central Bank’s facilitation of PAPSS settlements, and the product harmonisation role of the Standards Organisation of Nigeria are part of an integrated national trade-enablement architecture.

    “These reforms reinforce one another, creating a coherent foundation for stronger continental commerce. No single agency can deliver the scale of reform required for Africa’s prosperity,” he argued.

    On measurable outcomes, the President said Nigeria is already seeing gains. Non-oil exports to African markets grew by 38 percent in 2024, cargo clearance time has dropped by about 30 percent since 2023, and paper-based compliance is being phased out in favour of digital processes.

    He described the National Single Window as central to Nigeria’s trade strategy, announcing that phase one will go live in March 2026, with full rollout expected by December 2026.

    The platform, he said, will automate inter-agency coordination, cut clearance time from 21 days to under a week, and reinforce Nigeria’s role as a frontrunner in customs digitalisation.

    Earlier, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, represented by the Minister of State for Finance, Dr. Doris Uzoka-Anite, urged African governments to dismantle remaining trade barriers and align with global best practices.

    Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, said Tinubu’s decisive reforms had strengthened fiscal discipline and placed Nigeria on course for accelerated regional integration under the Renewed Hope Agenda.

    The Secretary-General of the World Customs Organisation (WCO), Ian Saunders, praised Nigeria’s ongoing reforms, pledging WCO support in driving legitimate trade facilitation. Afreximbank Executive Vice President, Kanayo Awani, also endorsed the modernisation efforts across Africa’s customs systems.

    Comptroller-General of Customs, Bashir Adewale Adeniyi, called for deeper cross-country integration, warning that “we cannot continue to work in silos.”

    AfCFTA Secretary-General, Wamkele Mene, assured that the Secretariat will collaborate closely with the NCS to ensure that C-PACT’s objectives become reality.

    The conference drew customs chiefs, trade experts and policymakers from across the continent, all reiterating the need for harmonised systems to unlock Africa’s intra-continental trade potential.

  • Nigeria’s African trades hit N4.82tr in first half 2025

    Nigeria’s African trades hit N4.82tr in first half 2025

    The Nigeria Customs Service (NCS) yesterday said Nigeria’s trade with other African countries hit N4.82 trillion in the first six months of 2025 from the N600 billion recorded the previous year.

     Comptroller- General, Bashir Adewale Adeniyi broke the news at the Customs Partnership for African Cooperation in Trade (C-PACT) in Abuja.

     His words: “In the first half of 2025, Nigeria’s trade with other African countries reached N4.82 trillion—an increase of more than N600 billion compared with the previous year.”

     He described the transaction as a clear signal of strengthening regional trade momentum.

     The Comptroller -General was impressed by the  464 confirmed participants representing 28 countries, including 26 African nations.

     He said there were also 10 senior customs officials in the room – Directors General and Commissioners – colleagues leading some of the continent’s most important trade gateways.

     According to him, there were 16 diplomatic representatives present, including 5 Ambassadors and several High Commissioners, representing embassies and missions from across Africa.

    Read Also: Agriculture as tool for economic recovery

     He said from the private sector – the people whose businesses depend on efficient customs processes, there was an impressive showing: 53 CEOs and 19 Managing Directors.

    Describing their commitment, he said, “That’s over 70 senior business leaders who’ve committed their time to making AfCFTA work in practice.”

    Adeniyi said within West Africa specifically, Nigeria’s exports to ECOWAS countries have climbed significantly, reflecting our growing role as a hub for intra-continental trade and value chains.

    He urged the partners to embrace customs and logistics modernization, and implement the AfCFTA framework more deliberately because the partnership is turning the gains into broader regional partnership across Africa markets.

    On the C-PACT, Adeniyi said the idea for the event didn’t emerge from a conference room or a policy paper.

    He recalled that it came from real observations and real conversations last year in Kigali at the Biashara conference.

    He also noted that in Cairo in April at an Afreximbank event, he found himself making the same point to the Secretary General of AfCFTA.

    He called for the need to stir the consciousness around the role of acustoms in the AfCFTA ecosystem.

    Adeniyi said the agreement is ambitious and necessary, but without customs administrations that are equipped,

    coordinated, and actively engaged, the stakeholders are building a house without a foundation.

    Continuing, he said, “In those discussions with the Secretary-General, a critical point

    emerged that I believe should frame our work here: customs are the custodians

    of trade data.

    “We hold the most granular, real-time information on what’s

    actually moving across our borders—what’s being traded, where it’s going, what the values are.

    “ That data, when properly harnessed and shared, becomes essential intelligence for driving continental trade objectives.

    “ The Secretary General was emphatic about this: if AfCFTA is to succeed, customs must leverage our unique position as data custodians to better serve the continental agenda.

    “These conversations weren’t one-sided. We’ve also been engaging the WCO Secretariat on how best to equip customs on the continent to take up our responsibility in promoting AfCFTA. “From those exchanges, a consistent theme has emerged—one that I believe is fundamental to our success: the imperative of regional ownership and collective discipline in our approach to AfCFTA implementation. What we do with this continental agreement cannot be driven from Outside the continent; it must be anchored in African realities, led by African institutions, and sustained by African commitment.”

  • Olatunbosun applauds Adeduntan’s banking legacy as UI confers honorary doctorate

    Olatunbosun applauds Adeduntan’s banking legacy as UI confers honorary doctorate

    The Chief Financial Officer of Midwestern Oil & Gas Company Limited, Kayode Olatunbosun, CFA, FCCA, has applauded the banking career and national impact of Dr. Adesola Kazeem Adeduntan following his conferment with an honorary Doctor of Science (D.Sc.) degree by the University of Ibadan at its 2025 Convocation Ceremony.

    In a congratulatory statement on Monday, Olatunbosun described the honour as a fitting recognition for a man whose influence on Nigeria’s financial landscape spans decades. 

    He noted that Adeduntan’s transformation from a Doctor of Veterinary Medicine graduate of the University of Ibadan to one of Africa’s most respected banking executives reflects “a legacy built on resilience, intellect, and purpose.”

    Olatunbosun highlighted Adeduntan’s distinguished career trajectory, including his formative years at Arthur Andersen, his leadership roles at Citibank Nigeria, the Africa Finance Corporation, and ultimately his decade-long tenure as Managing Director and Chief Executive Officer of FirstBank of Nigeria Limited

    According to him, Adeduntan championed reforms that repositioned the institution for stability, digital transformation, and financial inclusion, making FirstBank one of the continent’s most impactful financial institutions.

    Read Also: Okpebholo takes EU ambassadors to monarch

    “Dr. Adeduntan’s contributions to Nigeria’s banking industry go beyond boardrooms and balance sheets,” Olatunbosun said. 

    “He expanded access to financial services for millions, rebuilt trust in an era of institutional uncertainty, and mentored a new generation of financial leaders. His legacy is both national and continental.”

    The Midwestern Oil & Gas CFO further commended Adeduntan’s philanthropic commitments, describing him as a leader whose compassion matches his professional excellence. 

    He cited his support for education, youth empowerment, and community development initiatives, acts that the University of Ibadan also acknowledged in its decision to honour him.

    The honorary D.Sc. degree, conferred by Nigeria’s premier university and Adeduntan’s alma mater, recognises his outstanding achievements in banking, corporate governance, economic development, and social impact. 

    Olatunbosun expressed pride in seeing the University of Ibadan celebrate one of its finest alumni, stressing that Adeduntan’s journey continues to inspire young professionals across fields. 

    “This honour is richly deserved. It is a testament to a man who embodies excellence, integrity, and visionary leadership,” he said.

    He added that the recognition reinforces the importance of character, competence, and service, qualities for which Adeduntan has become widely known both within and beyond Nigeria’s financial ecosystem.

  • Expert pushes for establishment of supply chain ministry

    Expert pushes for establishment of supply chain ministry

    FOUNDER/DIRECTOR-GENERAL, Dangerous Goods Academy, Lagos, Dr Aiban Igwe, has urged the Federal Government to establish the ministry of logistics and supply chain to fully appropriate the benefits in the sector.

    He made the suggestion at the second Nigeria Supply Chain Leadership Summit in Victoria Island, Lagos.

    Igwe, who was a guest speaker at the event, said he was moved to make the suggestion based on the adoption of his earlier suggestion to the government to set up the Blue Economy ministry.

    Igwe, who is also the Chief Executive Officer, Etcetera Consults Limited, in a paper entitled, ”Africa’s supply chain Renaissance; Nigeria’s path forward”, noted that supply chain is the master ministry on which others revolve.

     “It is critical to the economy,” he emphasised. ”Based on this, it should be accorded its prime place instead of sequestering it in either the ministry of transportation or related ones,” he added. He also said Nigeria occupies a central position on the world map and so vital to world business.

    Read Also: Okpebholo takes EU ambassadors to monarch

    Welcoming participants, the organiser of the summit themed, ”Unlocking Nigeria’s Supply Chain growth for trade and investment success”, Mr. Emeka Eboagwu, explained that the summit was ”a movement, a call to action for us to think, rebuild, and reimagine how supply chains power Nigeria’s future. From energy to agriculture, from logistics to technology, our discussions will define how Nigeria positions itself as the engine of Nigeria’s trade ecosystem”.

    He said the theme reflected ”our collective belief that sustainable progress demands collaboration, innovation, resilience. We must move from conversations to solutions, from protectionism to glocalisation, where local strength meets global opportunity”.

    General Manager, Global Sustainable Supply Chain, MTN Nigeria, Mr. Adeola Oduntan, in his presentation, entitled, Nigeria at the crossroads: Protectionism or Pan-African trade integration?” listed the major challenges facing supply chain globally, especially in Nigeria, as that of infrastructure and foreign exchange (FX). 

    He said: “If only we can focus on developing infrastructure, then it makes the ease of doing business very seamless. And, then, also, if we look at the maturity level of the supply chain in Nigeria, it has a stage where you’re basically struggling with a lot of activities ranging from clearing, importing and, of course, the FX challenge. 

    “Supply chain is basically, you know, having a whole lot of issues at the moment that such foreign masters will be able to co-create value proposition on how to take the business and trade in Nigeria forward.”

    Oduntan, who was a keynote speaker, advised stakeholders on collaboration.”Industry leaders need to continue to come together like this to co-create and find solutions to COVID and, of course, the existing supply chain challenges in the country,” he added.

    Discussing the paper, the panelists, Edith Emeka, an engineer, Mrs Ifeoma Leonard-Edward, Mr Adebisi Afolabi, Mr Olugbenga Odusanya and Mr Adebola Aderormu, led by Mrs Baron Asiodu, agreed that Pan-Africanism is the way to go. Thus our trade should be protected.

    A lecturer at the Lagos State University (LASU), Dr. Ogochukwu Ugboma, canvassed professionalism in the sector and bridged the gap between the sector and academia. She said some foreign institutions drove the curriculum of Nigerian universities starting logistics and supply chain education in the undergraduate level. 

    She said: “And the good news is we’ve started it in LASU. Why I’m saying this is that we need to build up the logistics and supply chain skills and potential to even begin to think about driving the supply chain in Africa. We need to have professionals, because we’re thinking about professionalising the supply chain, right? It’s not spirits that will do it. We will have to build up that potential. And that is what we are doing gradually. 

    ”Good news again. For the first time in the history of Nigeria Economic Summit, this year was the first time logistics was featured there. And we drove it. So, the discussion is starting off. Yes, we are starting after 60 years.”

  • Lagos SME boot camp draws 1,000 entrepreneurs

    Lagos SME boot camp draws 1,000 entrepreneurs

    Over 700 small business owners converged in Lagos at the weekend with hundreds more joining virtually, for the 8th edition of the Caladium Lagos SME Bootcamp.

    The business incubation gathering came on the heels of intensifying economic pressures across Nigeria’s entrepreneurship sector.

    The annual gathering addressed critical survival challenges facing small enterprises, including intellectual property theft, funding gaps, and brand visibility in crowded digital markets.

    According to the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), while SMEs contribute 48 per cent of the country’s GDP and provide 84 per cent of jobs, most struggle with access to capital, legal protection, and market positioning.

    “Eight years ago, Oluwaseun Durojaiye and I started this journey with a simple belief: that small businesses deserve access to the same quality of insights and networks that larger corporations enjoy,” said Ayo Bankole Akintujoye, Co-Founder and Convener.

    READ ALSO; Tuggar blames structural weakness for unconstitutional changes of govt, others

    “Today, we’re celebrating hundreds of businesses that have transformed their operations and built sustainable enterprises through the knowledge and connections gained here.”

    Speakers across three sessions addressed the most pressing SME concerns: protecting business assets, building customer trust, and adapting to market changes.

    The opening session focused on legal and financial foundations, with speakers including Oyinkansola ‘Foza’ Fawehinmi, Isah Yusuf Aruwa, and Todimu Ige emphasizing proper documentation and intellectual property registration.

    Fawehinmi, Lead Legal Consultant at Zaeda Oracle, warned that many SMEs lose significant revenue through unprotected intellectual property.

    “Too many business owners create value but fail to secure their rights to it. Your brand name, your unique process, and your creative content are assets that can be monetized, but only if they are properly registered and protected. The cost of registration is minimal compared to the cost of losing your business identity to copycats or being unable to enforce your rights when someone infringes,” Fawehinmi said.

    The second plenary explored brand visibility and trust-building, featuring Edward Israel-Ayide of Carpe Diem Solutions, Adebayo Adegun, Mobolaji Ajayi, and Suraj Oyewole.

    Israel-Ayide challenged entrepreneurs to recognize untapped marketing assets within their daily operations.

    “Every SME has authentic stories to tell, they’re just not looking for them. Your customer transformations, your founding moment, your team’s daily wins, these are your marketing assets. In a digital space full of noise, authenticity cuts through. People don’t remember your product specifications or pricing tiers. They remember how you made them feel. Show the human side of your business, and watch how trust turns strangers into customers,” Israel-Ayide said.

    A highlight of the event was the Founder’s Spotlight featuring Razaq Ahmed, Co-Founder and CEO of Cowrywise, who shared lessons from building one of Nigeria’s leading fintech platforms. 

    Ahmed discussed navigating regulatory challenges, achieving product-market fit, and democratizing access to savings and investment products, emphasizing vision clarity and customer-centric innovation.

    The third plenary examined business model evolution and leadership in uncertain times. Godwin Tom of Sony Music Publishing Nigeria and Ashley Immanuel of Semicolon encouraged entrepreneurs to build with sustainability and scalability in mind while staying agile amid Nigeria’s evolving market dynamics.

    Beyond the sessions, the event featured an exhibition marketplace with over 75 businesses and a pitch competition where three entrepreneurs received grants.

    Since its 2018 inception, the Caladium SME Community has impacted more than 10,000 small businesses through bootcamps and training initiatives.

  • Nigeria’s trade to African countries hit N4.82tr in FH 2025

    Nigeria’s trade to African countries hit N4.82tr in FH 2025

    The Nigeria Customs Service (NCS) on Monday said Nigeria’s trade with other African countries hit N4.82 trillion in the first six months of 2025 from the N600 billion recorded the previous year.

    Comptroller- General, Bashir Adewale Adeniyi broke the news at the Customs Partnership for African Cooperation in Trade (C-PACT) in Abuja.

    His words, “In the first half of 2025, Nigeria’s trade with other African countries reached ₦4.82 trillion—an increase of more than ₦600 billion compared with the previous year.”

    He described the transaction as a clear signal of strengthening regional trade momentum.

    The Comptroller-General was impressed by the 464 confirmed participants representing 28 countries, including 26 African nations.

    He said there were also 10 senior customs officials in the room – Directors General and Commissioners – colleagues leading some of the continent’s most important trade gateways.

    According to him, there were 16 diplomatic representatives present, including 5 Ambassadors and several High Commissioners, representing embassies and missions from across Africa.

    READ ALSO; Tuggar blames structural weakness for unconstitutional changes of govt, others

    He said from the private sector – the people whose businesses depend on efficient customs processes, there was an impressive showing: 53 CEOs and 19 Managing Directors.

    Describing their commitment, he said, “That’s over 70 senior business leaders who’ve committed their time to making AfCFTA work in practice.”

    Adeniyi said that within West Africa specifically, Nigeria’s exports to ECOWAS countries have climbed significantly, reflecting our growing role as a hub for intra-continental trade and value chains. He urged the partners to embrace customs and logistics modernisation, and implement the AfCFTA framework more deliberately because the partnership is turning the gains into broader regional partnership across Africa markets.

    On the C-PACT, Adeniyi said the idea for the event didn’t emerge from a conference room or a policy paper.

    He recalled that it came from real observations and real conversations last year in Kigali at the Biashara conference.

    He also noted that in Cairo in April at an Afreximbank event, he found himself making the same point to the Secretary General of AfCFTA.

    He called for the need to stir the consciousness around the role of customs in the AfCFTA ecosystem.

    Adeniyi said the agreement is ambitious and necessary, but without customs administrations that are equipped, coordinated, and actively engaged, the stakeholders are building a house without a foundation.

    Continuing, he said, “In those discussions with the Secretary-General, a critical point emerged that I believe should frame our work here: customs are the custodians of trade data.

    “We hold the most granular, real-time information on what’s actually moving across our borders—what’s being traded, where it’s going, what the values are.

    “That data, when properly harnessed and shared, becomes essential intelligence for driving continental trade objectives.

    “The Secretary General was emphatic about this: if AfCFTA is to succeed, customs must leverage our unique position as data custodians to better serve the continental agenda.

    “These conversations weren’t one-sided. We’ve also been engaging the WCO Secretariat on how best to equip customs on the continent to take up our responsibility in promoting AfCFTA. “From those exchanges, a consistent theme has emerged—one that I believe is fundamental to our success: the imperative of regional ownership and collective discipline in our approach to

    AfCFTA implementation. What we do with this continental agreement cannot be driven from outside the continent; it must be anchored in African realities, led by African institutions, and sustained by African commitment.”

  • NCAA probes in-flight altercation between VeryDarkman, Mr Jollof

    NCAA probes in-flight altercation between VeryDarkman, Mr Jollof

    The Nigerian Civil Aviation Authority (NCAA) has begun an investigation into the viral altercation between social media influencers VeryDarkman and Mr Jollof on United Nigeria Airlines Flight UN0523 at Asaba International Airport, Delta State.

    The authority has directed its officials to look into the actions of aviation security personnel, the flight crew, and other staff involved in handling the situation.

    NCAA spokesperson Michael Achimugu stated that the airline has yet to submit an official incident report, but the authority will do its part to investigate.

    He noted that the NCAA doesn’t have prosecutorial powers, but will advise the airline to blacklist the passengers and write to the Attorney General of the Federation and the Inspector General of Police to prosecute them.

    The incident has sparked criticism, with some calling for stricter action against unruly passengers.

    Achimugu emphasised that the NCAA will take appropriate action once the investigation is complete.

    Achimugu wrote on X, “First, aviation security must deboard and arrest both passengers and take them to the investigation room. After questioning, a decision is made to prosecute them. Prosecution is not instant. What could happen faster is the airlines placing the unruly passengers on a no-fly list, and even that would happen after management meetings, debates, and action.

    READ ALSO; NELFUND’s disbursements hit N116b for students’ fees, upkeeps

    “This event in Asaba just happened. I was boarding a flight out of Nigeria when the report from an X user got to me. As soon as I landed at the transit airport, I made calls. I have been informed that both passengers were deplaned (this is good) and taken to the interrogation room.

    “I have asked why the airline has not forwarded an incident report and I am told that they are presently in a management meeting. This is normal, too. Even abroad.

    “What I can assure you is this: the NCAA will do its part. Our officers in Asaba have been tasked to find and report the exact actions taken by aviation security, pilot, and other personnel. This may go beyond just the two passengers. How long did it take for security to arrive? How long did the incident last before the pilot called for security, if he did.

    “If the passengers were arrested, are they still in detention? If they were released, why? When all of these are decided, appropriate ramifications would be dished by relevant agencies.

    “I must note that the NCAA does not have prosecutorial powers. The authority, as with previous cases, would surely advise the airline to blacklist the passengers and write the Attorney General of the Federation, AGF, and the Inspector General of Police, IGP, to prosecute the unruly passengers.”

  • ‘Efficient land administration remains engine of growth’

    ‘Efficient land administration remains engine of growth’

    By Adedeji Ogunwolu

    Land is the silent force behind every nation’s prosperity. It hosts homes, industries, farms, markets, schools, and infrastructure. It is the canvas upon which development is painted and the bedrock upon which modern economies stand.

    But land, on its own, has no power. Its true value emerges only when the systems that govern its ownership, use, transfer, and development function with clarity and efficiency. This is where land administration—the framework of policies, institutions, regulations, and processes for managing land—becomes an engine of national growth.

    Across the world, developed nations exhibit one striking commonality: well-structured land administration systems. Whether it is Singapore’s digital land registry, the United Kingdom’s transparent title system, Rwanda’s revolutionary land reforms, or the United States’ robust property rights framework, effective land governance consistently correlates with economic prosperity. When land rights are secure, investments flow; when land transactions are predictable, innovation thrives; and when land is efficiently managed, cities expand in an orderly, productive manner.

    Nigeria, like many developing countries, sits on vast economic potential buried within its land resources. Yet this potential remains largely underutilised because the mechanisms for land management often slow rather than stimulate development. Titles are difficult to obtain, records are incomplete, bureaucracy is excessive, and disputes are frequent. Land that could be an asset often becomes a liability. Developers lose time, investors lose confidence, and the government loses revenue.

    But the story does not have to remain this way. Land administration, when properly reformed and effectively implemented, can transform into one of the most powerful engines of economic growth and social transformation. It can unlock housing development, stimulate agricultural productivity, expand infrastructure, enhance environmental management, and energise industrial growth.

    To appreciate the strategic importance of land administration, one must first understand how deeply land ties into economic systems. In agriculture, secure land rights encourage farmers to invest in improved seeds, irrigation, and mechanisation.

    READ ALSO; NELFUND’s disbursements hit N116b for students’ fees, upkeeps

    In housing, a clear title is often the first requirement for financing, construction, and long-term development planning. In industrial expansion, land availability and ease of acquisition determine the speed of manufacturing growth. Even digital economies rely on physical infrastructure—data centres, communication masts, logistics hubs—all anchored on land.

    Where land administration is efficient, economic activities flourish. Investors gain confidence in the market, knowing their rights are protected by law and supported by verifiable records. Banks expand mortgage and credit facilities, knowing they can rely on collateral that is legally recognized and easily enforceable. Government expands its revenue base through property taxes, land use charges, and transaction fees, using these funds to build roads, schools, hospitals, and utilities.

    The reverse is equally true. When land governance is weak, conflicting claims proliferate, court cases multiply, and development slows to a crawl. Investors pull back, costs escalate, and communities suffer. Nigeria’s experience painfully illustrates this.

    A real estate developer seeking land for housing may spend months navigating approvals. A farmer may struggle to access credit because her land is informally held and cannot serve as collateral. A factory owner may face uncertainty because titles are inconsistent or incomplete. The economy, in such a climate, cannot reach its full potential.

    Reforming land administration is therefore not just a policy necessity—it is an economic imperative.

    One of the most critical components of an effective land administration system is digitization. Modern land governance depends on accurate, accessible, tamper-proof records. Countries that have successfully transitioned to digital land registries have witnessed dramatic improvements in transparency, efficiency, and public trust.

    Digital maps, electronic titles, and online verification processes remove the opacity that often fuels corruption and delays. For Nigeria, where many land records remain paper-based or fragmented across agencies, digitization is the gateway to unlocking billions of dollars in dormant land value.

    Equally important is the simplification of land acquisition and approval processes. Investors should not have to navigate labyrinthine procedures or engage multiple agencies to obtain a title, consent, or building approval. A streamlined, predictable process reduces transaction costs and accelerates development. State governments must adopt one-stop approval systems, eliminating unnecessary steps and ensuring that all relevant agencies collaborate seamlessly rather than hinder each other.

    Another vital aspect is security of tenure. People invest when they know the land they occupy cannot suddenly be reclaimed without due process or fair compensation. Secure tenure is more than physical possession—it is legal certainty. Governments must therefore work to strengthen title verification, resolve disputes swiftly, and update cadastral maps regularly. Efficient land dispute resolution mechanisms—such as specialised land tribunals—can drastically reduce the delays that encumber courts and impede development.

    Land valuation is also central to effective administration. A transparent and standardized valuation system ensures fairness in taxation, compensation, and investment decisions. Estate surveyors and valuers, in particular, play a crucial role in enhancing land markets by providing credible asset valuations, assessing compensation for acquisitions, and guiding public and private-sector transactions. Their expertise contributes directly to the economic stability and reliability of the land sector.

    But beyond administrative processes, land also holds enormous potential for wealth creation. In many advanced economies, land accounts for a significant portion of household wealth and national capital. Property ownership enables families to accumulate assets, build credit history, and pass wealth across generations. A functional land administration system, therefore, strengthens not only national prosperity but also individual and household economic empowerment.

    Urban development is another dimension where land administration drives growth. Without proper land planning, cities expand in chaotic, inefficient ways that strain infrastructure and diminish the quality of life. Effective administration ensures that land is allocated for roads, drainage, green spaces, electricity corridors, schools, markets, and public services. It prevents indiscriminate development and promotes orderly growth. Lagos, Abuja, and other rapidly expanding cities require strong land governance to optimize land use and prevent the rise of slums and congested neighbourhoods.

    Rural development also hinges on efficient land governance. Clear land rights encourage investment in agriculture and agribusiness, support rural credit markets, and empower farmers to modernise production. Land consolidation programs, formalised titles, and agricultural land banks can reduce fragmentation and boost productivity.

    Environmental sustainability is yet another dimension. Land administration governs zoning, environmental protection, setbacks, floodplain management, and waste disposal. By ensuring that land use aligns with ecological realities, governments can prevent disasters, protect natural resources, and promote climate-resilient development.

    To fully transform land administration into an engine of growth, several strategies are essential:

    First, adopt comprehensive land reform policies that prioritise transparency, digital transformation, and institutional efficiency.

    Second, invest heavily in capacity building for surveyors, valuers, planners, and land officers—professionals whose expertise is vital to a modern land sector.

    Third, embrace public-private partnerships to fund digitisation, infrastructure mapping, and efficient land information systems.

    Fourth, engage communities in land decisions, ensuring that reforms are socially inclusive and culturally sensitive.

    Finally, enforce accountability at every level of land governance to eliminate corruption, favouritism, and manipulation of land records.

    The potential gains are enormous. With improved land administration, Nigeria can attract more foreign direct investment, expand its housing stock, strengthen agricultural resilience, develop its industrial hubs, grow its mortgage market, and boost government revenue. The multiplier effects would cut across every sector of the economy.

    Land is more than soil—it is an opportunity. It is the foundation upon which cities rise, industries grow, and families build their futures. When land administration functions effectively, development becomes inevitable. It becomes easier to build homes, secure investments, expand agriculture, plan urban spaces, and manage resources sustainably. In simple terms, a nation’s ability to prosper rests heavily on how well it manages its land.

    Nigeria stands at a moment when bold reforms are needed to unleash economic potential. Strengthening land administration would not only enhance governance but also ignite growth across housing, agriculture, manufacturing, and infrastructure. It would deepen financial markets, expand wealth creation, and nurture urban and rural transformation.

    Land administration, therefore, is not a bureaucratic exercise—it is a strategic engine of growth. It is the quiet power behind national competitiveness and the hidden catalyst for economic development. A future of prosperity is possible, but it begins with the soil beneath our feet. When land is well managed, the nation flourishes. When it is poorly governed, development stalls.

    If Nigeria chooses the path of reform, modernisation, and transparency, land can become the nation’s most powerful tool for inclusive and sustainable development.

  • United Nigeria Airlines deboards VeryDarkman, Mr. Jollof after altercation at Asaba Airport

    United Nigeria Airlines deboards VeryDarkman, Mr. Jollof after altercation at Asaba Airport

    …NCAA condemns passengers’ behaviour

    United Nigeria Airlines has confirmed that an altercation broke out between two passengers, Martins Vincent Otse, popularly known as VeryDarkman, and social media personality Freedom Okpetoritse Atsepoyi, widely called Mr. Jollof, during the boarding of Flight UN0523 at Asaba International Airport on Monday morning.

    In a statement issued by its spokesperson, Chibuike Uloka, the airline said both passengers were deboarded and handed over to airport security for further investigation.

    According to the airline, the action was taken in line with established aviation safety protocols and was necessary to guarantee the safety, comfort and security of other passengers and crew members on the flight.

    “United Nigeria Airlines confirms that an altercation occurred between two passengers, identified as Martins Vincent Otse ‘VeryDarkman’ and Freedom Okpetoritse Atsepoyi ‘Mr. Jollof’, during the boarding of Flight UN0523 at Asaba International Airport on the morning of 17 November 2025.

    “In full compliance with global aviation safety protocols, our crew responded immediately and professionally to de-escalate the situation.

    READ ALSO; NELFUND’s disbursements hit N116b for students’ fees, upkeeps

    “Both passengers were deboarded without delay to ensure the safety, comfort, and security of all other passengers and crew members. They were subsequently handed over to airport security for further investigation,” the statement added.

    “United Nigeria Airlines places the highest priority on safety and maintains a zero-tolerance policy for any conduct that threatens the security or well-being of passengers or crew. After all standard procedures were completed, the flight departed safely while the passengers involved in the altercation were still with the authorities”.

    The airline expressed its commitment to providing a safe, respectful, and secure travel experience across its network.

    Reacting to the incident, the Director of Public Affairs and Consumer Protection of the NCAA, Michael Achimugu, stated that both passengers will face the full strength of the law.

     He explained that there is no tolerance for unruly behaviour aboard an aircraft, adding that no matter what led to the fracas, there is no excuse that makes it acceptable.

    Part of Achimugu’s reaction to the incident posted on his official X handle reads: “There is no tolerance for unruly behaviour aboard an aircraft. Both individuals will face the full strength of the law. It is even more shameful when one considers that both of them are partners in educating their millions of followers to avoid unruly behaviour.

    “While waiting for information (I have reached out to our staff for details now that I am on the ground), one wonders if the pilot had both passengers deplaned or if they were flown to the destination. If it were the latter, there would be consequences.

    “The actions of both men put the safety of all other passengers and the crew at risk. It also put the safety of the aircraft at risk.

    “The NCAA has exerted a lot of energy and resources in educating passengers about the dangers of unruly behaviour and its consequences.

    “In this case, no matter what led to the fracas, there is no excuse that makes it acceptable”.

  • Captain Cool set to redefine air conditioning services in Nigeria

    Captain Cool set to redefine air conditioning services in Nigeria

    A new indigenous brand, Captain Cool, has entered Nigeria’s air conditioning market with a mission to raise standards of professionalism, technical quality and reliability across the HVAC sector.

    Launched in mid-2025 as a subsidiary of Sabiwork, the company was created in response to the rising demand for skilled cooling system services observed during major construction projects nationwide.

    According to the Founder of Captain Cool, Olatayo Ajiboye, the brand emerged to fill a service gap that had long frustrated both residential and commercial clients.

    “We consistently saw clients who had invested in quality air conditioning systems but suffered from poor installation and irregular maintenance. This often led to inefficiency and discomfort. Captain Cool was conceived to bridge that service gap with a commitment to technical integrity and customer satisfaction,” Ajiboye said.

    Within its first week of operation, Captain Cool secured a contract to supply and install air conditioning units for a hotel project in Benin City — an early milestone the company says reflects growing client awareness about the need for skilled hands in HVAC installations and maintenance.

    Captain Cool offers end-to-end cooling system services, including sales, installation, maintenance, system upgrades and repairs.

    Its team of trained technicians is equipped to tackle long standing industry issues, such as improper installation, inefficiency, and delayed service response.

    Nigeria’s air conditioning sector is expanding rapidly due to urbanisation, rising temperatures and increased construction activities. However, challenges remain, including erratic power supply, forex-driven fluctuations in equipment prices and a shortage of certified technicians. Captain Cool says it aims to address these gaps through continuous staff training, transparent processes and the introduction of energy-conscious innovations.

    The company emphasises structure, accountability and technology-driven monitoring, which it says will boost client confidence and support broader skill development within the HVAC workforce.

    Looking ahead, Captain Cool plans to expand into major cities across Nigeria while exploring energy-efficient cooling solutions suited to the country’s climate conditions.

    Ajiboye said the broader vision is not only business growth but raising the overall professional benchmark for HVAC services.

    “Our vision is to help redefine how cooling services are delivered in Nigeria; through competence, honesty and a culture of quality that benefits both clients and technicians,” he added.