Home Blog Page 13

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

0

The Group Managing Director/Chief Executive Officer of Nigerian Exchange Group Plc, Temi Popoola, has said Nigeria’s ongoing economic reforms are already strengthening domestic capital formation and positioning the country for deeper global investment partnerships.

Popoola made this known while speaking at the Nigeria–United Kingdom Investment Roundtable organised by the Nigerian Investment Promotion Commission in collaboration with the Commonwealth Enterprise and Investment Council in London.

Drawing comparisons with countries such as Indonesia, Brazil and India, Popoola noted that economies that implemented structural reforms often witnessed strong domestic capital mobilisation and strengthened corporate balance sheets.

According to him, Nigeria is currently experiencing a similar trend as local investors and corporates increasingly respond to policy reforms.

“The real test of reforms is what local capital does and how domestic corporates respond,” Popoola said. “In Nigeria today, local capital is playing a very strong role. Markets were up more than 50% last year, issuers are raising new capital, retail investors are returning to the market, and corporate balance sheets and governance standards are improving.”

He also highlighted the strong capital market relationship between Nigeria and the United Kingdom, noting that collaboration between the Nigerian Exchange Group and the London Stock Exchange has helped facilitate cross-border capital raising for corporates in both jurisdictions.

Looking ahead, Popoola said Nigeria’s capital market is positioning itself to support larger transactions and broader wealth creation opportunities. “We see a future where capital markets go beyond facilitating capital raising to supporting business expansion and wealth creation for Nigerians,” he said, adding that continued market modernisation and digital transformation are strengthening the country’s financial ecosystem.

Also speaking at the roundtable, Nigeria’s Minister of Finance and Co-ordinating Minister of the Economy, Wale Edun, highlighted the Federal Government’s reform agenda aimed at restoring macroeconomic stability, strengthening fiscal sustainability and attracting long-term investment into the country.

Meanwhile, the Governor of Lagos State, Babajide Sanwo-Olu, emphasised Lagos’ role as a leading economic hub in Africa and spoke about the state government’s collaboration with TheCityUK to further develop Lagos as a global financial and investment centre. He also invited participants to the upcoming Lagos Investment Forum scheduled to take place in June.

Earlier in her welcome remarks, the Chief Executive Officer of the Nigerian Investment Promotion Commission, Aisha Rimi, noted that the roundtable was aimed at strengthening investment partnerships between Nigeria and the United Kingdom.

She was joined by Lord Marland of the Commonwealth Enterprise and Investment Council, who underscored the importance of collaboration between governments, investors and private sector institutions in unlocking new investment opportunities across the Commonwealth.

The Nigeria–United Kingdom Investment Roundtable brought together policymakers, investors and business leaders to explore opportunities for deeper investment collaboration between both countries as Nigeria continues to implement wide-ranging economic reforms.

NCDMB: 33 Engineers Begin Training in Pipeline Pigging, Corrosion Control

0

Thirty-three young graduates of engineering, geology and related disciplines on Friday in Port Harcourt, Rivers State, underwent opening formalities for a 12-month training programme in pipeline engineering, corrosion control and monitoring.

Organised under the Renaissance Africa Energy Company Limited and MJD Oilfield Services Limited Nigerian Content Human Capital Development (NC HCD) Training Programme, in partnership with the Nigerian Content Development and Monitoring Board (NCDMB), the training is geared towards developing expertise for protection and sustenance of the country’s energy infrastructure.

Trainees will have classroom technical sessions, simulation-based learning, field demonstrations, on-the-job training, mentorship and coaching, case study reviews, and continuous assessment and evaluation. Expected outcomes of the programme include skilled project-ready personnel, measurable local content impact, creation of pipeline integrity talent pool, and long-term infrastructure reliability.

In an address at the event, the Manager, Human Capital Development, NCDMB, Mrs. Tarilate Bribena-Teide, who represented the Executive Secretary of the Board, Engr. Felix Omatsola Ogbe, said pipeline pigging, a process involving insertion of devices called pigs into pipelines for cleaning, gauging, etc. to ensure integrity of the system, and corrosion control, protect the pipelines, prevent costly failures, and safeguard the environment and the economy.

She noted that the expertise gained from the training would position trainees to contribute meaningfully to major national projects such as the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline, measuring 614 kilometres, and many others, which as she explained, accords with the Board’s mandate to build local capacity, deepen Nigerian participation in the oil and gas industry, and create opportunities that drive national growth.

The HCD Manager expressed appreciation to Renaissance Africa Energy Company Limited for its partnership with the Board and commitment to developing Nigerian talent. She urged the trainees to approach the programme with discipline and determination, noting that lessons gained would shape them into professionals capable of solving real industry problems.

In his own remarks, a representative of Renaissance Africa, Engr. Funso Alabi, thanked NCDMB profoundly for its support to the company and for all it has done toward growth of the Nigerian oil and gas industry. While highlighting the extraordinary achievements recorded in HCD since inception of the Board, with Nigerians occupying key positions in industry and others doing so well abroad, he said, “NCDMB has done so much” and that “the Board is turning Nigeria into a great nation.”

He also thanked MJD Oilfield Services for the calibre of trainers assembled to run the training programme.

For his part, the Managing Director, MJD, Mr. Olayemi Familusi, expressed gratitude to NCDMB and Renaissance, noting that changes in the oil and gas industry brought about by NCDMB initiatives are everywhere, particularly in the development of indigenous companies and human resources.

In closing remarks, Chief Austin Ugbunaia, Project Manager of MJD, thanked the Board and Renaissance for the opportunity to play a part in capacity development, while assuring them of quality training and exposure for the trainees.

NCDMB, Radisson, Edison Sign Management Deal for Yenagoa Hotel

0

The Nigerian Content Development and Monitoring Board (NCDMB) on Monday signed an international management agreement (IMA) with Radisson Hospitality Belgium, and Edison Hotel and Property Development Company, in respect of the Board’s 204 rooms hotel and conference center, developed adjacent the Nigerian Content Tower, Swali, Yenagoa, Bayelsa State.

The management agreement was signed in Durban, South Africa by the Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe, Executive Chairman of Edison Corporation, Mr. Vivian Reedy and Director of Radisson, Mr. Garnier Erwan.

Signing the agreement in Durban, the Executive Secretary of NCDMB, confirmed that discussions, reviews, and compliance requirements had lasted over two years, and the agency secured the approval of all key stakeholders, including the Attorney‑General of the Federation and Minister of Justice, Lateef Olasunkanmi Fagbemi, SAN.

“Their support ensured that the Agreement meets Nigeria’s legal and regulatory standards,” he said.

The aspiration, he added, is to deliver a world‑class hotel in Yenagoa, Bayelsa State with a fully equipped conference centre—designed to serve the oil and gas industry stakeholders and the Nigerian public.

He pledged NCDMB’s commitment to completing the hotel on schedule and achieving the opening in December. “We appreciate our responsibilities—construction quality, pre‑opening readiness, funding, safety and security compliance, and maintaining Radisson’s global standard. We will do our best to meet our obligations.”

He charged Radisson Hospitality to bring its expertise, systems, and brand strength to deliver a hotel that offers excellent service and guest experience.

He expressed hope that the partnership with Edison Hotels will create a facility that reflects global quality and supports Bayelsa’s position as an oil and gas hub.

He added that “this project reflects NCDMB’s commitment to using strategic investments to boost productivity, attract investment, build local content, and expand opportunities for business and tourism in Nigeria.

“When completed, the Radisson Hotel & Conference Center Yenagoa will stand not only as a hotel, but also as a symbol of what strong partnerships can achieve.”

Executive Chairman of Edison Corporation, Mr. Vivian Reedy described his organisation’s role as a bridge between the owner and the operator, highlighting the group’s intensive experience in the hotel industry, and determination to ensure alignment, transparency, accountability and performance.

“We understand that a successful hotel is not just about buildings. It is about disciplined management, strong oversight, brand integrity, and a shared commitment to excellence,” he emphasized.

Part of the group’s responsibility is to ensure that the hotel is delivered, operated, and managed in a manner that protects and announces the owner’s investment, while fully supporting Radisson in achieving operational excellence, he added.

The Executive Chairman assured that working closely with Radisson and NCDMB’s team, the Radisson Hotel and Conference Center, Yenagoa will become the leading hospitality and conference destination in Bayelsa State, a catalyst for business and investment, and a symbol of quality professionalism and international standards.

He reported that the firm has had wonderful successes with Radisson in other locations, even achieving 95% occupancies. “Our approach is to strengthen governance, support performance, and ensure the interests of the owners are always safeguarded.”

He said “this project represents more than a hotel. It represents a partnership, a trust, and a long-term vision for sustainable value creation. We thank Radisson for its global expertise and operational excellence. Edison is fully committed to ensuring that the asset performs strongly, operates efficiently, and delivers lasting value to its owner.”

Mr. Wada Ahmed Wada who represented the Attorney‑General of the Federation described the signing ceremony as historic and wished the parties success in their business relationship.

FG Unveils Taskforce on Presidential Petroleum Reform, Value Optimisation

0

President Bola Ahmed Tinubu has approved the establishment of a Presidential Petroleum Reform & Value Optimisation Taskforce to design and sequence the next phase of structural reforms in Nigeria’s petroleum sector.

Mr. Fola Adeola, co-Founder of Guaranty Trust Bank and Founder and Chairman of the Fate Foundation, is the Task Force’s chairman. As chairman, he will coordinate the group’s work and ensure the timely delivery of its mandate.

Other members of the Taskforce are: Ademola Adeyemi-Bero, Osagie Okunbor, Abubakar Suleiman, Adaeze Aguele, Farouk Gumel, Phillipa Osakwe-Okoye and Seyi Bella.

Mofoluwasho Fadayomi will serve as Secretary.

As constituted, the Taskforce is a time-bound, high-level executive working group tasked with producing execution-ready reform blueprints that will consolidate ongoing reforms, unlock capital within the petroleum sector, and strengthen Nigeria’s position as a leading global energy investment destination.

The initiative reflects the President’s commitment to transforming Nigeria’s petroleum industry into a more competitive, transparent, and value-maximising sector capable of driving long-term economic growth, macroeconomic resilience, and industrial development.

It will operate as a technical reform body rather than a representative committee, engaging industry operators, regulators, investors, and civil society as consultees while focusing on actionable policy design and implementation strategies.

The Taskforce will report directly to the President and provide monthly progress memoranda. An interim report will be submitted after three months, while the final outputs are expected within six months of inauguration.

President Tinubu expects the Task Force to deliver three major reform blueprints.

One of the deliverables is the Implementation Toolkit for Immediate Structural Fixes – including draft legislative amendments, executive instruments, and institutional restructuring proposals.

The second deliverable is the Capital & Liquidity Acceleration Blueprint, aimed at unlocking $5–10 billion in sectoral liquidity while safeguarding Nigeria’s sovereign interests.

The third blueprint will focus on the National Energy Transformation Strategy – a ten-year roadmap with measurable targets for production, foreign exchange earnings, GDP contribution, and cost competitiveness.

President Tinubu has directed all Ministries, Departments, Agencies, regulators, and relevant institutions to provide full technical support to the Taskforce and to submit inventories of ongoing initiatives to ensure alignment with the emerging reform framework.

In furtherance of this directive, President Tinubu has also directed all existing committees, teams, and working groups established under various reform initiatives within the sector to align their activities, reporting structures, and work programmes with the new Task Force.

The streamlining will ensure coordination, avoid duplication of mandates, and provide institutional clarity, thereby ensuring coherence in the petroleum sector reform architecture.

The President has also directed that all relevant documentation, institutional knowledge, and ongoing workstreams should be made available to the Taskforce to support the development and implementation of its comprehensive reform framework.

The creation of the Taskforce represents a strategic presidential instrument to accelerate petroleum sector reforms, strengthen governance architecture, optimise national energy assets, and position Nigeria’s petroleum resources as a foundation for sustainable economic transformation.

The Taskforce will automatically dissolve upon submission and acceptance of its final report.

NLNG Advances Media Excellence Through Change Your Story Workshop

0

Dr. Sophia Horsfall, NLNG’s GM, External Relations & Sustainable Development (seating 3rd from left), and participants at the close of the 2026 #NLNGChangeYourStory Workshop for journalists in Lagos.

NLNG has demonstrated its dedication to media development in Nigeria through the successful completion of the second edition of the #NLNGChangeYourStory workshop for 2026, which took place in Lagos.

The workshop convened 40 participants representing diverse media outlets to examine the changing landscape of journalism shaped by artificial intelligence and digital communication.

Discussions centered on how new media technologies can support real-time reporting, extend audience reach across borders, and foster deeper, more effective engagement on digital platforms.

Speaking at the event, the General Manager, External Relations and Sustainable Development at NLNG, Sophia Horsfall, described the workshop as part of the company’s broader effort to strengthen engagement with the media while supporting professional excellence in journalism.

She noted that the initiative reflects NLNG’s belief that well-informed reporting plays an important role in shaping public understanding of critical sectors such as energy, economic development, and sustainability.

She encouraged participants to leverage the insights and practical knowledge gained during the workshop to elevate the quality, depth, and credibility of their reporting.

“NLNG views this engagement as a strategic partnership. We provide the energy that powers nations and generates revenue for our nation; you provide the information that powers our minds. We have been proud to host you, but our pride will only be justified when we see the ‘New Standard’ in your next feature, your next broadcast, and your next investigative report. As you head back to your various stations, I urge you to take the spirit of this workshop with you.”

The programme combined expert-led discussions with hands-on learning. Digital communication specialist, Dan Mason guided participants through key aspects of digital storytelling, while veteran journalist, Taiwo Obe led a practical Journalism Clinic.

Together, the sessions equipped participants with practical skills in data visualisation, online verification, audience engagement and managing a strong digital presence.

Through the workshop, NLNG reiterated its commitment to promoting journalistic excellence and supporting the media industry’s digital transformation.

The #NLNGChangeYourStory programme has now empowered over 400 journalists with enhanced digital communication and social media skills across its various editions.

 

Leadway Group Launches ‘Lead Forward’ Initiative to Deepen Financial Literacy Among NYSC Corps Members 

0

Leadway Group, Nigeria’s non-banking financial services group, has unveiled Lead Forward, a strategic initiative for members of the National Youth Service Corps (NYSC) aimed at deepening financial literacy and building awareness around wealth creation.

Recognising the pivotal transition NYSC represents, Lead Forward which is driven by Leadway Pensure PFA, the Group’s pension administration arm, is designed to equip corps members with foundational financial knowledge, deep insights, and practical tools for long-term financial planning.

The initiative brings the conversation of a well-planned life before and after retirement directly to NYSC orientation camps, making pension education accessible, relatable, and timely for young Nigerians at a pivotal life stage.

The inaugural phase kicked off in Lagos, setting the foundation for a nationwide rollout across NYSC camps in all geopolitical zones. The goal of the initiative is to spark early, informed conversations about pensions and empower young Nigerians to take control of their financial futures.

Speaking on the impact of the initiative, Olusakin Labeodan, MD/CEO, Leadway Pensure PFA, noted that pension conversations must begin before the first salary alert.

“At the NYSC stage, most young people are trying to figure out what is next; where to work, how to survive, what the future holds. Pensions may feel distant, but now is the right time to get educated. Through Lead Forward, we’re making the subject of pensions more relatable and ultimately, more relevant.”

While Leadway Group has consistently maintained a presence at NYSC camps, particularly in Lagos, the Lead Forward initiative marks a more immersive evolution of its youth engagement efforts across other states. The program not only educates but also fosters meaningful, ongoing connections with corps members,” he added.

Leadway has pledged a long-term commitment to help corps members plan and build a better financial future, ensuring they remain informed, supported, and empowered well beyond their service year.

About Leadway Group
Leadway Group is a non-banking financial services group in Nigeria, boasting robust insurance, investment, and financial services solutions. With decades of industry experience, Leadway Group has consistently played a pivotal role in shaping the financial landscape of Nigeria. The organisation strongly emphasises corporate social responsibility and community welfare, embodying a commitment to wealth creation and well-being. 

About Leadway Pensure

Leadway Pensure PFA is a pension fund manager and administrator serving value-driven individuals, corporate organisations, and federal and state institutions. Built on exceptional expertise and transparency, Leadway Pensure PFA delivers simple, coherent, efficient, and outstanding pension services to clients and stakeholders. 

NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

0

Nigerian Exchange Group Plc (NGX Group), in collaboration with Central Securities Clearing System Plc (CSCS) and Women in Management, Business and Public Service (WIMBIZ), convened leaders from across the public and private sectors to commemorate International Women’s Day 2026 through the global Ring the Bell for Gender Equality initiative.

Aligned with the UN Women theme “Rights, Justice, Action – For All Women and Girls,” the event, held during the Nigerian Exchange Closing Gong Ceremony, served as a call for sustained action to advance gender equality and expand women’s participation in economic leadership.

Delivering the welcome address, Temi Popoola, Group Managing Director/Chief Executive Officer of NGX Group, emphasized the critical role capital markets must play in shaping inclusive economic growth. “Capital markets are powerful engines for economic transformation. When women participate fully as leaders, entrepreneurs, and investors, markets become stronger, deeper, and more resilient. At NGX Group, we remain committed to advancing policies, partnerships, and platforms that expand opportunities for women and accelerate inclusive prosperity,” he said.

Delivering special remarks, Honourable Bianca Odumegwu-Ojukwu, Minister of State for Foreign Affairs, commended NGX Group and its partners for advancing gender inclusion through the initiative. “I congratulate NGX Group and its partners for sustaining this important global movement and for championing gender equality within our financial ecosystem. Together, let us continue to open the doors of opportunity so the next generation of women can lead with confidence and help transform our world,” she said.

Chioma Uzodimma, First Lady of Imo State, called for collective action to expand opportunities for women and girls. “As we sound the NGX Gong today, let it symbolize our shared pledge to protect every girl child, expand opportunities for every woman, and build an inclusive economy where every woman and girl can flourish,” she said.

Jude Chiemeka, Chief Executive Officer of Nigerian Exchange, emphasized the importance of broadening women’s participation in the capital market ecosystem. “When more women participate in the market as investors and professionals, we deepen the market and strengthen the foundation for sustainable growth,” he said.

Speaking on the role of development finance institutions in advancing gender inclusion, Claude Owona, Regional Industry Manager for Financial Institutions at the International Finance Corporation (IFC) for Central Africa and Anglophone West Africa, emphasized the economic benefits of gender equality. “When women and men participate equally in the economy, our societies function better and our economies become more prosperous,” she said.

Media entrepreneur and founder of EbonyLife Media, Mo Abudu, encouraged women to pursue their ambitions with clarity and confidence. “For me, it comes down to four things, purpose, passion, progress, and power. Find your purpose, let passion fuel your journey, stay consistent even when challenges arise, and most importantly, stand firmly in your power. Do not shrink,” she said.

Award-winning actor and filmmaker Funke Akindele urged women to pursue their ambitions with discipline and courage. “To every woman out there, you can do it. But beyond the words, we must put in the hard work, build structure into our businesses, and do things the right way. It takes courage to take the first step even when you’re not ready, courage to stay consistent when no one is clapping, and courage to hold firmly to your vision,” she said.

The Ring the Bell for Gender Equality ceremony celebrated the contributions of women to Nigeria’s capital markets and the broader economy while reinforcing the need for sustained action to close gender gaps in leadership, finance, and opportunity.

The 2026 edition was organized in collaboration with global partners including the International Finance Corporation (IFC), UN Women, the World Federation of Exchanges (WFE), the United Nations Global Compact, and the Sustainable Stock Exchanges Initiative (SSEI).

The event also featured the participation of female board members of NGX Group of companies, Ojinika Olaghere, Fatima Wali-Abdulrahman, Lilian Olubi, Ummahani Ahmad Amin, Amina Mohammed, and Fiona Ahime, alongside key ecosystem leaders including Onome Komolafe, Divisional Head, Business Services and Client Experience, CSCS Plc; Jumoke Olaniyan, Group Chief Strategy Officer, NGX Group; Uto Ukpanah, Chairperson, UN Global Compact Network Nigeria; and Mrs. Omowumi Akingbohungbe, Executive Director, WIMBIZ.

 

As the closing gong sounded, stakeholders echoed a common message: advancing gender equality requires more than dialogue. It requires sustained collaboration, deliberate action, and a collective commitment across governments, institutions, and markets to expand opportunities for women and girls.

Through initiatives such as Ring the Bell for Gender Equality, NGX Group and its partners continue to champion inclusive markets, recognising that empowering women is essential to building stronger capital markets and a more resilient economy.

Union Bank of Nigeria Marks Int Women’s Month 2026 with Inclusion-First “Give to Gain” Campaign

0

L-R: Chief Talent Officer, Union Bank of Nigeria, Omayuli Wale-Ajayi; Head, Corporate Banking, Union Bank of Nigeria, Ali Kadiri; Head, Retail and SME Business, Union Bank of Nigeria, Vivian Imoh-Ita; Founder/Executive Director, Deaf International Foundation, Funmilola Ogunro; MD/CEO, Union Bank of Nigeria, Yetunde Oni; SouthWest Coordinator, Nigeria Association of the Blind, Adenike Olorundare; Women Leader, Lagos Chapter, Nigeria Association of the Blind, Olubukola Salako; Executive Director, Corporate Bank & Business Banking Lagos & West, Union Bank of Nigeria, Taiwo Shote; Chief Brand and Marketing Officer, Union Bank of Nigeria, Olufunmilola Aluko; Regional Executive, Business Banking SouthWest and Lagos, Union Bank of Nigeria, Emmanuel Aihevba, and Lead Innovation, Events and Platform Management, Union Bank of Nigeria, Chiamaka Moses during the Bank’s commemoration of International Women’s Day 2026 at the Stable, Surulere, Lagos recently. 

In observance of International Women’s Month 2026, Union Bank of Nigeria reaffirms its commitment to gender equity through a focused initiative centred on women living with disabilities and women raising children with disabilities.

Aligned with the global theme “Give to Gain,” the Bank’s campaign “Give to Gain: Creating Pathways for Inclusion and Endless Opportunities” centres the lived experiences of women living with disabilities and underscores the need for intentional systems of support for social and economic advancement.

Throughout March, Union Bank will implement targeted initiatives to expand access, foster inclusion, and unlock sustainable opportunities. Activities include a flagship event which held at The Stable, its multipurpose venue in Surulere, Lagos, on Saturday. The event convened women with disabilities, caregivers, supporting organisations, and advocates for dialogue, mentorship, and resource sharing.

Complementary efforts include outreach to disability support facilities and collaboration with educational institutions to distribute learning materials to female students with disabilities. Tailored mentorship programmes will build confidence and capability in education, entrepreneurship, and careers. Through its women’s banking proposition alpher and strategic partnerships, the Bank will also deliver business sustainability training specifically designed for women living with disabilities and women raising children with disabilities.

Internally, Union Bank will activate WeHub — its employee-led women’s network — to strengthen inclusive culture and support professional growth across the organisation.

These actions reflect Union Bank’s long-standing commitment to advancing equity for underserved communities — and align with the United Nations Sustainable Development Goals 5 (Gender Equality) and 10 (Reduced Inequalities). For Union Bank, these are not frameworks to cite; they are commitments to live out.

Olufunmilola Aluko, Chief Brand and Marketing Officer, Union Bank of Nigeria, stated that

“At Union Bank, inclusion is not an abstract ideal; it is a deliberate choice. While many conversations around women’s empowerment are important and necessary, women living with disabilities and women raising children with disabilities are too often left out entirely. This year’s theme, ‘Give to Gain,’ reflects exactly what we believe: that when we intentionally open access, support, and opportunity to these women, the value created extends to families, communities, and society at large.”

Union Bank’s IWD 2026 campaign is a statement of intent: that true inclusion requires us to go further, reach deeper, and serve those who have waited longest for a seat at the table. In 2026, Union Bank is committed to ensuring that a seat exists — and that it is built to last.

 

About Union Bank of Nigeria Plc

Established in 1917, Union Bank is a leading provider of financial services in Nigeria, renowned for its “Simpler, Smarter Banking” philosophy. With a nationwide network and a strong focus on digital innovation, Union Bank continues to empower individuals, businesses, and the public sector to achieve lasting success.

The Bank is a trusted and recognisable brand with an extensive network of over 300 branches across Nigeria. The Bank offers a range of banking services to individual and corporate clients, including current, savings, and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing, and trade finance.

The Bank also offers customers convenient electronic banking channels and products, including Online Banking, Mobile Banking, Debit Cards, ATMs, and POS Systems.

NAICOM: 20 Insurance Firms Seek Capital Verification Ahead July 31 Recapitalisation Deadline

0

The National Insurance Commission (NAICOM) says 20 operators in the market have already invited the Commission to verify their capital base in line with the on-going industry recapitalisation exercise set to elapse by July 31, 2026.

Following the enactment of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 on July 31, 2025, NAICOM) rolled out a 12-month recapitalisation exercise for insurance and reinsurance companies operating in the country under a Risk-Based Capital (RBC) model.

The NIIRA 2025 legislation introduced a higher Minimum Capital Requirements (MCR) of N10 billion for life, N15 billion for non-life, N25 billion for composite and N35 billion for reinsurance companies in Nigeria with a deadline of July 2026.

At a media interactive session in Lagos yesterday, Mr. Segun Omosehin, the Commissioner for Insurance/CEO of NAICOM stated that verification of the industry entities has already commenced while the Commission has also appointed four leading professional accounting firms: PricewaterhouseCoopers (PwC), KPMG, Deloitte and Ernst & Young (EY) to guarantee the needed transparency for the capital verification exercise.

The NAICOM CEO said: “We receive capital verification notices from companies every month. By the end of March, we shall invite those we’ve not heard from to know where they stand on the recapitalisation exercise. We are committed to the reforms in the insurance sector. July 31, 2026 is sacrosanct for the recapitalisation exercise. We shall keep the insuring public abreast of the recapitalisation process. We promise to lead the sector with clarity, transparency and willingness to succeed.”

Omosehin emphasised that the transformation policy in the insurance sector is in tandem with the $1 trillion economy policy of the Federal Government.

He said the 2026 agenda of the Commission is Disciplined Execution driven by three major factors:

  • Financial Soundness
  • Policyholders Protection
  • Ensuring Fairness in Regulation

The NAICOM boss added that the Commission has created the Policyholders Insurance Protection Fund with the first quarter of 2026 as take-off period.

He explained that the Fund will take care of policyholders in terms of valid claims in the event of any insurer that experiences insolvency.

 

 

FG Inaugurates Committee on Grid Asset Management Company to Boost Power Sector

0

President Bola Tinubu has constituted an 11-member committee to ensure the smooth sailing incorporation of the Grid Asset Management Company Limited (GAMCO).

The constitution of the committee followed the Federal Executive Council’s approval for the establishment of the company at its Wednesday meeting. In proposing GAMCO, President Tinubu hopes to fast-track a quick-fix solution to the endemic problems of stranded power, grid management and transmission in the country’s electricity sector.

The Chief of Staff to the President, Femi Gbajabiamila, who performed the inauguration on behalf of the President, said the committee was critical to the realisation of President Tinubu’s aspirations in Nigeria’s power sector.

“The proposed establishment of GAMCO is one of the revolutionary steps taken by Mr President and this administration in the all – important power sector.  We are here for the inauguration of the Committee on Grid Asset Management Company (GAMCO), which is basically to optimise and revolutionise power generation, and in particular, the grid and transmission sector,” the Chief of Staff said.

He called on members to align with the President’s vision in proposing the formation of GAMCO and to stick to the committee’s mandate.

The Chief of Staff said the committee will conduct a comprehensive review of existing laws, regulations, policies, and institutional frameworks governing the electricity value chain, including generation, transmission, distribution, and market operations.

It will examine the implications of the Electricity Reform Laws (2025) and related unbundling arrangements on asset ownership, management, and regulatory oversight. It will identify areas of conflict, overlap, or inconsistency between the proposed GAMCO framework and extant legal and regulatory instruments.

The committee will also assess the legal status, ownership structure, and contractual obligations of the Niger Delta Power Holding Company (NDPHC) and National Integrated Power Project (NIPP) assets, including the Omotosho, Olorunshogo, and Ihovbor plants, which GAMCO plans to use for its pilot phase.

It will evaluate the interface between GAMCO’s proposed mandate and the statutory functions of the Nigeria Electricity Regulatory Commission, and determine the fiscal, financial, and market implications of the proposal, including subsidy exposure, market liquidity, and revenue frameworks.

In addition, the committee will determine whether the establishment and operationalisation of GAMCO require amendments to primary legislation, subsidy regulations, and executive directives.

The Chief of Staff to the President is the Chairman of the Committee, with the Attorney–General of the Federation and Minister of Justice, and the Ministers of Power, Works, and Finance as members.

Others include the Ministers of Communication and Digital Economy, Science, Technology and Innovation, Aviation and Aerospace Development, the Minister of State (Petroleum), the Chairman of the Nigeria Revenue Service, and energy expert Professor Yemi Oke.  The Permanent Secretary of the Cabinet Affairs Office, Dr John Chidiebere Ezeamama, is the committee’s secretary.

The Grid Asset Management Company Limited (GAMCO) aims to recover and optimise stranded power generation using the Benin-Lagos transmission corridor as a pilot phase.

The initiative will address Nigeria’s power sector challenges through optimisation, private capital mobilisation, and disciplined asset management, ultimately improving electricity reliability and national competitiveness.

The Federal Government will fully own GAMCO as a commercial venture, with the shares held by the Ministry of Finance Incorporated.

The company will modernise transmission evacuation, starting from the most critical axis within Nigeria’s power system. The Benin-Lagos transmission corridor evacuates bulk power supply to Ogun and Lagos states, Nigeria’s largest industrial and commercial centres.

The pilot phase will focus on optimising power output from the Omotosho, Olorunsogo and Ihovbor National Integrated Power Plants (NIPP plants). Omotoso’s installed capacity is 513MW, Olorunsogo’s 754 MW, and Ihovbor’s 508 MW.

GAMCO projects to recover at least 1,600 MW within 18-24 months, alongside the development of a new high-capacity 330V+ double-circuit transmission line along the same corridor.

The success of the new company during the pilot phase will lead to the establishment of a scalable model that can be extended across additional plants and corridors, forming the backbone of long-term grid stabilisation and expansion.

At present, substantial Federal Government investment in NIPP generation assets remains under-optimised due to operational inefficiencies and transmission evacuation bottlenecks, resulting in stranded capacity and suboptimal return on public capital.

GAMCO plans to unlock the stranded power of the three selected NIPP and develop a parallel high-capacity transmission corridor along the Benin-Lagos axis, thus translating underperforming national assets into reliably delivered megawatts.

As proposed, the Niger Delta Power Holding Company will grant GAMCO the concession and lease arrangements for the three plants. TCN will grant GAMCO the right to develop, finance, and operate a greenfield 330KV+ double-circuit independent power transmission line along the identified corridor.

The ultimate aim of the initiative is to enhance industrial productivity, safeguard jobs, improve investor confidence, and boost welfare outcomes for Nigerian households, aligning with the Renewed Hope Agenda of the Tinubu administration.

Tinubu Approves Posting of 31 Career, 34 Non-Career Ambassadors

0

President Bola Ahmed Tinubu has approved the postings of 31 career and 34 non-career ambassadors to various countries and the United Nations. The Senate confirmed the ambassadors-designate last December.

POSTINGS OF NON-CAREER AMBASSADORS / HIGH COMMISSIONERS

S/N NAME MISSION APPROVED

  1. SENATOR GRACE BENT: LOME-TOGO
  2. SEN. ITA ENANG: SOUTH AFRICA
  3. IKPEAZU VICTOR: SPAIN
  4. NKECHI LINDA UFOCHUKWU: TEL-AVIV, ISRAEL
  5. MAHMUD YAKUBU: QATAR
  6. PAUL OGA ADIKWU: THE VATICAN CITY HOLY SEE
  7. VICE ADMIRAL IBOK-ETE EKWE IBAS: THE PHILIPPINES
  8. MR. RENO OMOKRI: MEXICO CITY, MEXICO
  9. HON. (ENGR.) ABASI BRAIMAH (FMHR): BUDAPEST, HUNGARY
  10. MRS. ERELU ANGELA ADEBAYO: PORTUGAL
  11. BARR. OLUMILUA OLUWAYIMIKA AYOTUNWA: TOKYO, JAPAN
  12. RT. HON. UGWUANYI IFEANYI LAWRENCE: ATHENS, GREECE
  13. BARR. CHIOMA PRISCILLA OHAKIM: WARSAW, POLAND
  14. AMINU DALHATU: UNITED KINGDOM, UK
  15. LT. GEN. ABDULRAHMAN BELLO DAMBAZAU: BEIJING, CHINA
  16. HON. TASIU MUSA MAIGARI: GAMBIA
  17. OLUFEMI PEDRO: AUSTRALIA
  18. BARR. MUHAMMED UBANDOMA ALIYU: ARGENTINA
  19. LATEEF KAYODE ARE: USA
  20. AMB. JOSEPH SOLA IJI: RUSSIA
  21. SEN. JIMOH IBRAHIM: UN PERMANENT REPRESENTATIVE
  22. FEMI FANI KAYODE: GERMANY
  23. PROF. ISAAK FOLORUNSO ADEWOLE: OTTAWA, CANADA
  24. AJIMOBI FATIMA FLORENCE (F): AUSTRIA
  25. MRS. LOLA AKANDE (F): SWEDEN
  26. AYODELE OKE: FRANCE
  27. YAKUBU N. GAMBO: SAUDI ARABIA
  28. SENATOR PROF. NORA LADI DADUUT: SEOUL, SOUTH KOREA
  29. BARR. ONUEZE CHUKWUJIKA JOE OKOCHA SAN: DUBLIN
  30. DR. KULU HARUNA ABUBAKAR: TUNIS, TUNISIA
  31. RT. HON. JERRY SAMUEL MANWE: PORT OF SPAIN, T&T

 

POSTINGS OF CAREER AMBASSADORS / HIGH COMMISSIONERS LIST

S/N   NAME                                   MISSION APPROVED

 

  1. AMB. NWABIOLA EZENWA CHUKWUMEKA: COTE D’IV/OIRE
  2. BESTO MAIMUNA IBRAHIM: NIAMEY-NIGER
  3. MONICA OKWUCHUKWU ENEBECHI: SAO TOME, STP
  4. AMB. MOHAMMED MAHMUD LELE: ALGIERS-ALGERIA
  5. ENDONI SYNDOPH PAEBI: OUAGADOUGOU-BURKINA FASO
  6. AHMED MOHAMMED MONGUNO: CAIRO EGYPT
  7. AMB.JANE ADAMS (NEE OKON) MICHAEL (F): KINGSTON-JAMAICA
  8. AMB. CLARK-OMERU ALEXANDRA (F): LUSAKA-ZAMBIA
  9. CHIMA GEOGGREY LIOMA DAVID: BAMAKO-MALI
  10. AMB. ODUMAH YVONNE EHINOSEN: MALABO –E/GUINEA
  11. AMB WASA SEGUN IGE: BEIRUT, LEBANON
  12. RUBEN ABIMBOLA SAMUEL (F): ROME, ITALY
  13. AMB.ONAGA OGECHUKWU KINGSLEY: MAPUTO, MOZAMBIQUE
  14. AMB.MAGAJI UMAR: KINSASHA, DR CONGO
  15. AMB.MUHAMMAD SAIDU DAHIRU: NEW DELHI-INDIA
  16. AMB. ABDUSSALAM HABU ZAYYAD: DAKAR-SENEGAL
  17. AMB SHEHU ILU BARDE: ACCRA GHANA
  18. AMB.AMINU NASIR: ETHIOPIA
  19. ABUBAKAR MUSA MUSA: N’DJAMENA, CHAD
  20. AMB. HAIDARA MOHAMMED IDRIS: THE HAGUE-NETHERLANDS
  21. AMB.BAKO ADAMU UMAR: RABAT-MOROCCO
  22. AMB. SULU GAMBARI OLATUNJI AHMED: MALAYSIA
  23. AMB.ROMATA MOHAMMED OMOBOLANLE (F): TANZANIA
  24. AMB. SHAGA JOHN SHAMAH: BOTSWANA
  25. SALAU, HAMZA MOHAMMED: TEHRAN, IRAN
  26. AMB.IBRAHIM DANLAMI: KENYA
  27. IBRAHIM ADEOLA MOPELOLA (F): COTONOU-BENIN
  28. AMB.AYENI ADEBAYO EMMANUEL: BRUSSELS, BELGIUM
  29. AMB.AKANDE WAHAB ADEKOLA: BERNE-SWITZERLAND
  30. AMB. AREWA (NEE ADEDOKUN) ESTHER (F): WINDHOEK-NAMIBIA
  31. AMB.GERGADI JOSEPH JOHN: LIBREVILLE-GABON
  32. AMB. LUTHER OGBOMODE AYO-KALATA (F): SIERRA LEONE
  33. DANLADI YAKUBU NYAKU : KHARTOUM-SUDAN
  34. BELLO DOGON-DAJI HALIRU: BANGKOK, THAILAND

The Ministry of Foreign Affairs has already received agrément from the United Kingdom for the High Commissioner-designate, Ambassador Aminu Dalhatu. Similarly, France has sent the agrément for Ambassador Ayo Oke.

The Ministry has also conveyed the nominations of the other 62 designated envoys to all the countries concerned, including a request for their agréments in line with standard diplomatic practice.

President Tinubu has directed that the Ministry of Foreign Affairs should immediately commence the induction programme for the ambassadors-designate and High Commissioners.

IWD 2026: Pathway Holdings ED, Dolapo Akanbi-Alade, Urges Stronger Inclusion of Women in Finance

0

The Executive Director/GCOO of Pathway Holdings Limited, Mrs. Dolapo Akanbi-Alade, has called for increased inclusion of Nigerian women in finance as the world marks International Women’s Day 2026.

In a statement, Akanbi-Alade noted that while International Women’s Day highlights the need for gender equality, significant progress requires deliberate policies and systems that expand women’s access to finance and leadership opportunities.

She emphasised that many Nigerian women and women-led businesses still face limited access to finance, highlighting the urgent need for targeted inclusion initiatives.

“At Pathway Holdings, we empower women and give access to investment advisory, asset management, and lending solutions for institutions, high-net-worth individuals, and businesses. Ensuring that women and women-led enterprises can access these opportunities is critical to building a more inclusive financial system,” she added.

Mrs. Akanbi-Alade said: “Women’s access to finance is not only a social responsibility but essential for national productivity and economic growth.’’

She co-founded the following companies:

Pathway Asset Management Limited: Is registered and regulated by the Securities and Exchange Commission, Nigeria, as a Fund and Portfolio Manager. The product range includes Pathway Fixed Deposit Notes, Privately Managed Notes, Pathway Private Portfolio Management, Investment Advisory, and Mutual Funds, which will be launched soon.

Pathway Advisors Limited: Is registered and regulated by the Securities and Exchange Commission (SEC) as an Issuing House and financial adviser.  Pathway Advisors’ services cover Mergers and Acquisitions (M&A), Capital-Raising, Financial Advisory, Rating Advisory, and Project and Structure Finance.

Fundbox Financial Services Limited: A wholly owned micro-lending company providing short-term personal and SME finance loans to salaried individuals, self-employed personnel, and small businesses. They offer services which include Cars4Cash, SME Loans, Personal Loans and Group Employee Loans. Fundbox has successfully disbursed a wide range of loans to both corporate and individual clients, supporting their financial needs and business growth.

Pathway Holdings Limited is a notable investment holding firm focusing on private market investments, including private equity, private credit, and infrastructure. Pathway creates customised investment solutions for institutional investors and individuals, leveraging its extensive experience and local footprint.

 

 

IWD 2026: Ecobank Nigeria Unveils Enhanced ‘Ellevate’ Programme to Accelerate Growth for Women Entrepreneurs

0

Ecobank Nigeria, a subsidiary of the leading pan-African financial services group Ecobank Group, has unveiled a significantly enhanced version of its multi-award-winning gender financing initiative, Ellevate by Ecobank, as part of activities commemorating International Women’s Day 2026. The upgraded programme reinforces the bank’s long-term commitment to advancing women-led enterprises in Nigeria and across Ecobank’s pan-African footprint.

Originally launched to improve access to finance for women-owned, women-led, and women-focused small and medium-sized enterprises (SMEs) within its Commercial Banking segment, the enhanced Ellevate programme now adopts a broader, more inclusive structure. The new framework extends across all business segments, positioning Ellevate as a comprehensive ecosystem designed to address the structural financing and growth barriers faced by women entrepreneurs.

Speaking on the development, Managing Director of Ecobank Nigeria, Bolaji Lawal, said the enhanced programme further strengthens the bank’s ambition to be the financial partner of choice for women entrepreneurs.

“Since its launch in Nigeria in July 2021, Ellevate has delivered meaningful impact for SMEs and women-led businesses. This next phase deepens our value proposition and reinforces our resolve to remain the preferred financial partner for women entrepreneurs,” he said.

Under the expanded structure, beneficiaries will enjoy improved access to credit on competitive terms, including more flexible collateral considerations aimed at easing traditional financing constraints. Beyond lending, the programme integrates digital payment, collections, and cash management solutions to enhance operational efficiency and support scalability.

A core pillar of the enhancement is structured market access. Through the bank’s MyTradeHub online matchmaking platform and e-commerce enablement capabilities, women entrepreneurs will be better positioned to connect with customers and trade partners across Africa, facilitating cross-border expansion and participation in regional value chains.

The initiative also incorporates robust non-financial support mechanisms, including targeted training programmes, leadership development sessions, and knowledge-sharing platforms to strengthen managerial capacity and long-term sustainability.

This is complemented by access to customised wealth management advisory services, integrated insurance solutions, and a loyalty framework offering commercial incentives through select retail and lifestyle partnerships.

Lawal noted that the programme aligns with Ecobank’s broader ambition to drive inclusive growth by empowering women as critical contributors to economic development.

“African businesswomen deserve world-class banking solutions that drive turnover, profitability, and sustainable growth. Our approach goes beyond financial inclusion to building an enabling ecosystem that enhances competitiveness and long-term resilience,” he added.

He further highlighted that Ecobank Nigeria consistently hosts flagship platforms such as Adire Lagos, Oja Oge, +234Art Fair, the Lagos Pop-Up Museum, SME Bazaar, and the Design & Build Exhibition, which provide prominent opportunities for showcasing and elevating women-owned businesses.

With this enhancement, Ecobank Nigeria deepens its strategic positioning in gender-lens financing while aligning with its wider pan-African mandate to advance financial inclusion, SME development, and regional trade integration.

‘Winning with Strategic Communications’ Launch, Targets Real-World Impact

0

Godfrey Adejumoh, a seasoned top-performing Global Business Communications Strategist and Thought Leader, is set to launch a book titled, ‘Winning with Strategic Communications: Essential Strategies for the Next Generation of Leaders.’

Winning with Strategic Communications, is a veritable playbook for navigating today’s complex world of leadership, communication, and influence. It is an important book for communications leaders of all ages. In this book, Godfrey distils years of lived experience, professional insights, and lessons from the frontline of Public Relations into clear, actionable strategies.

At its heart, this work seeks to bridge the often-wide gap between theory and practice. While academia provides the frameworks, Winning with Strategic Communications reveals how those frameworks come alive in the real world.

With practical guidance, compelling examples, and a strong grounding in strategic communications, it offers readers a toolkit to lead with clarity, confidence, and impact. Within these pages, budding leaders, communication professionals, and entrepreneurs will each discover insights to guide their journey.

This is not just a book to be read; it is a manual to be applied. It challenges assumptions, sharpens leadership instincts, and equips the next generation of leaders to win, not by chance, but with strategy.

Winning with Strategic Communications is a Roadmap to the Top!

Godfrey Adejumoh is a seasoned top-performing Global Business Communications Strategist and Thought Leader.

He has extensive experience in Public Relations, strategic corporate communications, policy advocacy, campaign planning/implementation, public affairs/government relations, sustainability/ESG, and corporate social responsibility (CSR).

With over 15 years’ experience, he has contributed to the reputation management of different multinationals (Diageo, Unilever, MTN, DHL, Accenture, LG and more) across sectors.

He has evolved into a trusted advisor to C-Suite Executives, board members and a rounded business leader, through his career journey that started in Public Relations consultancies.

He is a public speaker leading the discourse on how strategic business communications play a vital role in crafting winning business strategies, contributing to growing and sustaining high performance for businesses.

His public speaking and mentorship cut across various reputable platforms – O2 Academy Lagos, Orange Academy Lagos, Lagos Business School (LBS), Pan Atlantic University, Nile University, University of Lagos (UNILAG), Osun State, University, Nigeria Institute of Public Relations (NIPR), Nigeria Institute of Journalism (NIJ), among others.

Godfrey has a keen interest in developing the next generation of business leaders through strategic business communications to contribute to high performance for businesses and developing strategies to help reposition companies to maintain growth within a sustainable development framework.

 

IWD 2026: Why Women’s Inclusion is Central to Nigeria’s Democratic Future

0

As the global community commemorates International Women’s Day 2026 under the theme “Give to Gain,” the Executive Director, Centre for Media and Society, CEMESO, Dr. Akin Akingbulu, has called for a deliberate restructuring of Nigeria’s political and media power architecture, asserting that democratic resilience and economic growth depend on institutional inclusion—not rhetorical commitment.

According to Dr. Akingbulu, Nigeria’s democratic stability and long-term prosperity are inseparable from the intentional redistribution of power, visibility, and protection within its governance and information systems.

“The promise of ‘Give to Gain’ is not sentimental,” he stated. “It is economic, democratic, and structural. No nation can exclude half of its population from influence and still claim legitimacy or sustainable development.”

He explained that the theme demands clarity about what must be given—and what the country stands to gain. Political parties, media proprietors, and institutional gatekeepers must relinquish exclusionary patronage networks, biased editorial gatekeeping, and the tolerance of digital violence that systematically push women out of public discourse.

In return, Nigeria gains strengthened democratic credibility, expanded productivity, and deeper public trust.

Global economic projections indicate that full integration of women into economic life could raise national GDP by nearly nine percent. Likewise, a media ecosystem that reflects the diversity of its population enhances democratic legitimacy and citizen confidence.

Akingbulu further observed that Nigeria continues to operate within what he described as a regime of “rhetorical equality,” where constitutional guarantees are undermined by weak enforcement. Women currently occupy only 3.7 percent of Senate seats and 4.4 percent of seats in the House of Representatives—significantly below the 35 percent benchmark articulated in national gender policy. Wage disparities ranging from 20 to 30 percent persist across sectors, while millions of women remain constrained by structural barriers to safety, health, and bodily autonomy. These gaps, he emphasized, are not peripheral social concerns—they are governance vulnerabilities that weaken institutional performance and public trust.

He cautioned against treating Nigerian women as a homogeneous category, underscoring the intersectional realities that deepen exclusion. Rural women operating within informal agricultural economies remain locked out of formal credit markets due to customary land tenure systems.

In parts of Nigeria, insecurity continues to suppress female school attendance, while women in conflict-affected regions face compounded risks of displacement and exclusion from formal peacebuilding processes. “Inclusion must be granular,” Dr. Akingbulu noted. “If reform does not account for geography, age, disability, and conflict exposure, inequality simply reappears under a new label.”

Within the media sector itself, CEMESO identifies patterns that mirror broader political marginalisation. Female experts remain underrepresented in policy debates and election coverage, while female political actors are frequently relegated to soft-feature reporting or subjected to gendered framing. Digital harassment has created what Dr. Akingbulu described as a “chilling effect,” discouraging women journalists, analysts, and candidates from sustained civic engagement. “Nigeria cannot broadcast its way out of a governance crisis using only half its voices,” he asserted. “To ‘Give to Gain’ means dismantling entrenched newsroom hierarchies and enforcing safety standards that protect female journalists from both physical and digital intimidation.” We are not merely commemorating a day; we are demanding a fundamental shift in editorial power and increase participation of women in the electoral process through the passage of the Special Seats Bill (HB 1349). Without gender parity in both the ballot box and the newsroom, our democratic architecture lacks the foundation to withstand the pressures of 2027 and beyond.”

Reaffirming CEMESO’s mandate in media development and democratic strengthening, Dr. Akingbulu stressed that the organisation’s commitment extends beyond advocacy. “We are not calling for symbolic gestures,” he stated. “We are investing in institutional mechanisms that make inclusion measurable, monitorable, and enforceable.”

Accordingly, CEMESO urged the media to uptake its resources on Gender Sensitive Guidelines for Media Coverage of the Electoral Process in Nigeria, It also assured of its commitment  to expand its gender-sensitive media interventions to track representation trends in political and governance reporting; strengthen digital safety and protection toolkits for female journalists and civic actors confronting online abuse; and deepen capacity-building initiatives that widen the pipeline of women experts across broadcast, print, and digital platforms. These interventions are designed to normalise women’s leadership within the public information ecosystem and reduce structural bias in political communication.

CEMESO also called on critical stakeholders to act decisively, urging the National Assembly to pass the Special Seats Bill (HB 1349) to ensure that women’s representation moves beyond the current stagnation which is below five percent.

State governments were encouraged to fully implement and adequately fund protective legislation that safeguards women’s rights and participation. Media proprietors were advised to institutionalise gender-sensitive editorial standards and sanction harassment within newsrooms. Political parties were challenged to adopt transparent nomination processes and structured support systems that reduce the financial and structural barriers confronting female candidates.

The election management body urged to review and strengthen its gender policy to promote inclusive electoral processes and ensure greater participation of women in Nigeria’s political space.

Concluding, Dr. Akingbulu emphasised that the road to 2030 demands more than ceremonial observance. “Equality is not a concession—it is infrastructure,” he said. “If Nigeria gives women equitable access to power, protection, and platforms, the nation will gain economic stability, democratic legitimacy, and social cohesion. The cost of exclusion is stagnation. The dividend of inclusion is national resilience.”

On this International Women’s Day, CEMESO reiterates that the future of Nigeria’s democracy will be determined not by commemorative statements, but by whether institutions are prepared to relinquish entrenched privilege in order to build a more prosperous and legitimate nation.