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The Trouble with Nigeria’s Healthcare System

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By Michael Owhoko, Ph.D

The quality of a country’s healthcare system is a mirror image of its leaders’ commitment to citizens’ health.  Countries like Singapore, Japan, South Korea and Switzerland are among the world’s top countries with best healthcare for citizens, driven majorly by robust funding and well-structured policy programme.

Leaders in these countries do not go to foreign countries for medical tourism, as they have absolute confidence in the delivery capacity of the healthcare system.

But in Nigeria, the healthcare system is fraught with dysfunctionality, forcing elasticity of reliability southward.

Poor health facilities, unprofessionalism, unethical standards, weak regulatory agencies, bad personnel attitude, questionable health insurance schemes, unreliable health management organisations (HMOs), mismanagement, corruption, fake drugs and obsolete equipment are incidental to lack of commitment by Nigerian leaders to efficient and quality healthcare system.

Though, this is a symptom of greater disorders in Nigeria, poor funding and non-utilisation of health facilities by the ruling elites undermine efficiency, quality and delivery capacity of the healthcare system.  Why will leaders not trust and utilise the healthcare system they have built, equipped and made available to the people through funding?  When food is served to public by a provider who has no intention of eating, there is high probability that quality and hygiene may be compromised.

In the 2025 federal government budget, only N2.56 trillion was budgeted for the health sector, representing 5.15 percent of the country’s total budget of N49.7 trillion, which is far below the 15 percent recommended by the Abuja Declaration, to which Nigeria is a signatory.

Though the N2.56 trillion is an increase of about 58.53 percent of the 2024 budget of N1.62 trillion, however, when viewed in dollar terms, the amount decreased by 15.45 percent, dropping to $1.7 billion from $2.02 billion.

Since the famous coup speech of Late General Sanni Abacha on December 31, 1983 that the country’s health services were in shambles, and hospitals had been reduced to mere consulting clinics without drugs, water and equipment, the health sector has not shown promises of improvement.

Even 34 years after, the wife of Late President Muhammadu Buhari, Aisha, confirmed this in 2017 when she resorted to use of a private hospital wholly owned and run by foreigners due to dysfunctional x-ray machine and lack of syringes in the Villa Clinic.

Unfortunately, 42 years after these observations were made by the powers that were, the healthcare sector is still defined by lack of government’s commitment.  This is particularly worrisome when viewed against the background of Nigeria’s growing population, currently characterised by low life expectancy, high maternal and child mortality rates.

This means that dependable and quality healthcare provision is not a priority for government, and therefore, a mirage for Nigeria to achieve high quality healthcare in line with World Health Organisation (WHO)’s standard.

Globally, Nigeria is ranked 157th out of 191 countries by WHO in the areas of quality health delivery performance. As the largest oil producer in Africa and 16th largest in the world, it is untenable for Nigeria not to provide robust funding for the health sector, given the country’s huge earnings from crude oil sales.

Even among African countries, Nigeria is rated poorly in healthcare provision.

In a report released by The Legatum Institute, a London-based global healthcare assessment organization, Nigeria was ranked 11th out of 12 African countries with poor healthcare system.  The countries include Central African Republic, South Sudan, Chad, Lesotho, Somalia, Sierra Leone, Swaziland (Eswatini), Liberia, Guinea, Angola, Nigeria and Equatorial Guinea.

Despite this poor performance ranking, no concerted effort is being made by government to improve quality service delivery, as budget allocation to the health sector has been on the downward swing.

Since Nigerian leaders who determine the condition of the sector, do not utilise the facilities due to poor services, it means the Nigerian healthcare system is designed to service the health needs of the poor and common Nigerians, and not Nigerian leaders.

Put differently, the healthcare system in Nigeria is determined and conditioned by the thought process and preferences of those who do not use the services.

For example, the President of the Federal Republic of Nigeria and his cabinet members, including the Minister of Health, together with the Senate President and members of the Legislature, who approve the nation’s tertiary healthcare budget, do not patronize services of Nigerian hospitals.

State governors and their cabinet members, as well as members of the state houses of assembly responsible for approval of budget for secondary healthcare in the country, also, do not patronise health facilities at this level.

Same applies to the various local government chairmen and council members whose jurisdiction cover primary healthcare. They all seek better healthcare outside their domains.

The poor premium placed on the health sector by Nigerian leaders have obviously prevented them from knowing that there is a correlation between robust funding of healthcare system and a healthy workforce, and by extension, robust economy.

A vibrant economy is contingent upon a healthy population and a healthy workforce, as health is a critical contributory factor to economic development.  This is the reason advanced economies invest so much in healthcare services, a contrast to Nigeria’s healthcare sector that is troubled by incapacity, unable to address mounting health challenges in the country.

The healthcare delivery system in Nigeria is executed through public and private facilities.  Unfortunately, the private healthcare providers are also enmeshed in unprofessional conduct driven by pecuniary motive.  Most of them take advantage of the country’s weak systemic policies to deliver poor health services. Regulatory authorities like the National Agency for Food and Drug Administration and Control (NAFDAC), National Health Insurance Authority (NHIA), and The Medical and Dental Council of Nigeria (MDCN) are not doing enough to enforce professionalism and standards in the country’s healthcare system.

I recently lost a friend to prostrate operation in one of the private hospitals in Lagos.  Prior to the operation, he walked into the hospital by himself, looking normal.  But what he took to be a proactive step to avoid future complications, ended his life.

He was admitted under a health insurance cover managed by an HMO on executive plan with full options.  But rapid deterioration of his health in the hospital triggered skepticism on whether quality of treatment was commensurate with subscribed insurance plan.

There are numerous public complaints about HMOs conniving with private hospitals to render inadequate and poor services for financial gains. Most of these hospitals deliberately delay diagnosis and treatment until approval is obtained from HMOs, notwithstanding conditions of patients and category of insurance plans. The NHIA which carries out accreditation of HMOs before approval must look beyond this process to ensure they are continually monitored during operations.

My late friend’s case reminded me of a professional colleague, Mr. Yusuph Olaniyonu, who narrated how God spared his life and given another chance to live again at 58.

His story brought to fore, the ineptitude, inefficiencies, unprofessionalism and lack of commitment and management of patients in Nigerian hospitals. His experience also proved that without connection at the top, patients can die out of share negligence and abandonment without consequence.

After undergoing six major operations and three minor procedures for prostrate, his survival was still on a cliff edge, necessitating the intervention of the Minister of Health through the help of ThisDay Publisher, Nduka Obaigbena and former Senate President, Bukola Saraki.

This intervention notwithstanding, hopes dimmed, leading Saraki to fly him to Egypt where he underwent successful corrective surgical operations.

Olaniyony’s case casts aspersion on the entire medical system in Nigeria, and exposed the agony voiceless Nigerians go through in Nigerian health facilities.

Trust deficit induced by poor services in Nigerian hospitals, has given rise to patronage of unlicensed and quack herbal health practitioners whose activities are damaging vital organs of innocent Nigerians, with concomitant reduction in life expectancy.

It is depressing to know that out of about 34,000 general hospitals, 21,000 primary health centers and 60 teaching hospital and federal medical centers located across the country, only about 41,000 hospitals are functional.

Government must therefore reorder its priorities to make health facilities efficient, affordable and reliable to enable both leaders and poor Nigerians alike to receive treatment in-country, as against resort to medical tourism which cost Nigeria approximately $1.6 billion annually.

Dr. Mike Owhoko, Lagos-based public policy analyst, author, and journalist, can be reached at www.mikeowhoko.com, and followed on X {formerly Twitter} @michaelowhoko.

Sterling Bank Leads Africa’s Green Revolution with Agriculture Summit Africa 2025

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Africa’s agricultural rebirth gathers momentum as Agriculture Summit Africa (ASA) 2025, the continent’s foremost platform for advancing sustainable and inclusive agricultural transformation, returns under the bold theme ‘Survival of the Greenest: Reclaiming Africa’s Food Destiny.’

Scheduled for November 6–7, 2025, at the Transcorp Hilton, Abuja, ASA 2025 is set to spotlight financing pathways to drive sustainable growth in the agricultural sector.

Now in its eighth year and convened by Sterling Bank, the summit will bring together policymakers, agribusiness leaders, investors, and innovators from across Africa and beyond to explore innovative solutions to the continent’s agricultural challenges.

Furthermore, the event will foster collaboration and innovation, examining how green finance, digital tools, and climate-smart practices can transform Africa into the world’s next agricultural powerhouse.

Addressing attendees at the press conference to announce plans for the summit, Abubakar Suleiman, Managing Director and Chief Executive Officer of Sterling Bank, emphasised the Bank’s purpose for convening the summit, noting that, “At Sterling, we believe Africa’s food future will be secured not by chance but by deliberate, collective effort.”

“Our commitment is rooted in the conviction that agriculture is central to Africa’s transformation, socially, economically, and environmentally. ASA 2025 is a platform that has galvanised this transformation by uniting policymakers, innovators, and investors around one shared goal: reclaiming Africa’s food destiny through sustainability and innovation.”

With over 60% of the world’s uncultivated arable land and a rapidly growing population, Africa holds immense potential to become a global agricultural powerhouse.

However, productivity challenges, limited access to finance, and the escalating impacts of climate change continue to hinder food security. ASA 2025 will leverage multi-sector partnerships and policy alignment to accelerate the continent’s transition from dependence to self-sufficiency.

“This year’s theme, ‘Survival of the Greenest,’ underscores both the urgency and the unique opportunity before us,” commented Olushola Obikanye, Group Head, Agric Finance and Solid Minerals at Sterling Bank. “Africa’s food future lies in sustainability, innovation, and collaboration.

ASA provides a platform where governments, financiers, innovators, and farmers can engage meaningfully to design solutions that strengthen agricultural value chains, unlock financing, and foster inclusion. Agriculture is not just an economic imperative; it is the heartbeat of Africa’s transformation,” he added.

The two-day event will host delegates from over 30 African countries, providing valuable opportunities for networking, policy engagement, and investment facilitation among agribusinesses, innovators, and financiers enabling access to capital.

The event will also feature high-level panels, keynote addresses, policy dialogues, exhibitions, and an Investment Deal Room (a marketplace designed to connect investors with viable agribusiness ventures and initiatives).

Sunbeth Global Concepts, a global agro-commodities sourcing and trading company, will co-convene the summit, contributing its expertise in agribusiness strategy, capacity building, and development partnerships.

Eyitemi Adebowale, Head of Corporate Affairs and Communications at Sunbeth, spoke to the company’s commitment to sustainable agriculture, saying, “We are proud to co-convene ASA 2025 because we believe the future of Africa’s development is rooted in sustainable agriculture. Through this summit, we aim to spotlight solutions that empower farmers, attract investment, and promote climate-smart practices that build resilience across the continent.”

With strategic partners including Mastercard, which will lead discussions on digital tools for agricultural transformation, ASA 2025 is poised to ignite a movement toward innovation and financial inclusion within the agricultural sector.

Other key sponsors and partners include the International Finance Corporation (IFC), The Alternative Bank, Arzikin Noma, ONE Foundation, Noor Takaful, Bühler, and many others.

About Agriculture Summit Africa (ASA)

Agriculture Summit Africa (ASA) is the continent’s foremost platform for advancing agricultural innovation, investment, and sustainability. It brings together leaders from government, business, and development sectors to foster collaboration, share insights, and drive action toward a resilient, inclusive agricultural future for Africa.

About Sterling Bank Limited

Sterling Bank Limited is a full-service national commercial bank in Nigeria and a member of Sterling Financial Holdings Group. With a heritage of over 60 years, the bank has evolved from Nigeria’s pre-eminent investment banking institution to a trusted provider of retail, commercial, and corporate banking services.

Sterling is a forward-thinking financial institution committed to transforming lives through innovative solutions, exceptional service, unwavering integrity, and a steadfast focus on its HEART strategy, which centers on Health, Education, Agriculture, Renewable Energy, and Transportation.

As pioneers in digital banking and financial inclusion, Sterling continues to lead by example, showing how purpose-driven leadership can deliver transformative outcomes for individuals, businesses, and society at large.

Guided by a culture of innovation and a passion for excellence, Sterling Bank remains dedicated to redefining the banking experience for millions of customers across Nigeria.

Fidelity Bank Celebrates International Day of the Girl Child with Debate Showcase 

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L-R: Second runner-up, Chizaram Ekueme of Awesome College; Head, Brand Management, Fidelity Bank Plc, Cynthia Ogbonna; Winner, Chizaram Unachukwu of Cedec International School; Broadcaster and Communications Expert, Wemimo Adewuni; First runner-up, Nwatu Chidera of Brookstones and Best Brains International School; and Head, Women Banking, Fidelity Bank Plc, Harriba Harry-Pepple; at the maiden edition of the Fidelity Bank She Leads debate competition held in commemoration of the 2025 International Day of the Girl Child in Lagos recently. 

Fidelity Bank Plc, a leading financial institution, recently hosted a debate competition for female secondary school students as part of its activities to mark the 2025 International Day of the Girl Child.

Held at the Fidelity SME Hub in Gbagada, Lagos on Thursday, October 16, 2025, the She Leads Debate Competition brought together students from six secondary schools to argue for or against the topic: “In today’s world, is digital literacy more essential for girls than traditional life skills?”

Welcoming participants, the Divisional Head, Product Development at Fidelity Bank Plc, Osita Ede, represented by the Head of Women Banking, Harriba Harry-Pepple, emphasised the importance of equipping girls with relevant skills and support to help them thrive as adults.

“Each year, this day reminds us of the limitless potential within every girl, potential that must be nurtured, celebrated and given a platform to shine. Through HerFidelity, our Women Banking Initiative, we are committed to creating opportunities that empower girls and women to dream boldly, learn confidently and lead fearlessly,” Ede said.

He added that the debate was not merely a contest but a platform for young female voices to express their ideas, challenge societal norms and showcase their intellectual strength. “When a girl is educated and supported with opportunities for self-expression, she becomes a catalyst for positive change in her community and beyond.”

Following a spirited debate session, Chizaram Ekueme of Awesome College emerged the second runner-up, receiving N150,000. Nwatu Chidera of Brookstones and Best Brains International School took the first runner-up position with a prize of N300,000, while Chizaram Unachukwu of Cedec International School won the competition and received N500,000.

The International Day of the Girl Child, observed annually on October 11, is a global movement that highlights the unique challenges girls face and promotes their empowerment and the fulfillment of their human rights.

Fidelity Bank Plc is a full-fledged commercial bank with over 9.1 million customers who are serviced across its 251 business offices and various digital banking channels in Nigeria and the United Kingdom.

The Bank is the recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine.

Additionally, the Bank was recognised as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.

 

 

LASAA Hosts Legislators, Vows Commitment to Visual Order, Safety

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L-R: The Chairman, Committee on Information, Security and Strategy, Lagos State House of Assembly, Hon. Ogundipe Stephen Olukayode; Chairman, Committee on Energy and Mineral Resources, LAHA, Hon. Sobur Akanbi Oluwa; MD/CEO, Lagos State Signage and Advertisement Agency (LASAA), Prince Fatiu Akiolu; Chairman, Committee on the Environment (Parastatals), LAHA, Hon. (Engr.) Shabi Adebola; Chairman, Committee on Procurement, LAHA, Hon. Apata Samuel and the Committee Clerk, LAHA, Mr. Olaosebikan Ebenezer during the Committee’s oversight function at LASAA in Lagos.

The Lagos State Signage and Advertisement Agency (LASAA) recently welcomed a high-powered delegation from the house committee on environment of the Lagos State House of Assembly, led by its Chairman, Honourable Shabi Rasheed Adekola.

The visit served as a statutory oversight function, providing a critical platform for detailed engagement on the agency’s performance and regulatory adherence.

The LASAA management team, headed by the Managing Director/CEO, Prince Fatiu Akiolu, engaged the Committee in extensive discussions that spanned the agency’s activities, its performance metrics and compliance with regulatory responsibilities.

The meeting fostered productive conversations focusing on strategic policies and ongoing projects aimed at developing an organised, safe and visually appealing outdoor advertising space across the state.

Prince Akiolu seized the opportunity to express his profound gratitude to the Committee for their time, unwavering support and valuable guidance.

“We are deeply committed to upholding best practices in outdoor advertising regulation,” Prince Akiolu stated. “LASAA’s mission is to contribute meaningfully to the sustainable development of Lagos State’s visual environment, a goal we pursue rigorously for the benefit of all residents and visitors.”

In his remarks, Honourable Shabi Rasheed Adekola delivered a glowing assessment of LASAA’s operational efficiency. He particularly praised the agency’s efforts in maintaining a cleaner and safer Lagos through effective signage control and regulation under Prince Akiolu’s leadership.

The Chairman underscored the non-negotiable need for sustained cooperation between the legislature and all government agencies to guarantee efficient service delivery and accountability.

“We recognise LASAA’s vital role in keeping Lagos clean and safe,” Honourable Adekola stated. “This partnership between the legislature and government agencies is essential for ensuring service delivery and accountability that aligns perfectly with the agenda of Governor Babajide Sanwo-Olu.”

Honourable Adekola also issued a call to action, urging LASAA to intensify its efforts in public sensitization. He explained that engaging the public on the agency’s core mandate is crucial for ensuring continuous compliance and maximizing revenue potential.

Crucially, he reinforced the need for LASAA to reassure the public that the state’s outdoor advertising structures are maintained with “utmost integrity,” guaranteeing their safety.

The oversight visit successfully affirmed the shared commitment of both the legislature and LASAA to promoting transparency, efficiency and innovation within the public service, thereby enhancing the quality of life in Lagos State.

 

Stanbic IBTC FUZE Talent Show 2025 unveils Amy Aghomi as New Fashion Judge

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The Stanbic IBTC FUZE Talent Show 2025, themed “The Ultimate Show”, has announced the appointment of Amy Aghomi as its new fashion judge, bringing fresh expertise and perspective to the panel.

Amy is celebrated for her bold, original vision and her dedication to elevating African fashion. Her brand is known for luxury craftsmanship, bridal couture, and red-carpet designs that blend modernity with cultural heritage.

Over the years, she has styled some of Nigeria’s most iconic looks, among them, Mercy Eke’s crystal-encrusted “Diamond and Water” gown at AMVCA 2025, Faith Morey’s dramatic 3D floral couture at the Real Housewives of Lagos Reunion, and Chioma and Davido’s custom wedding outfits at #Chivido2025. She has also designed for celebrities like Sharon Ooja, Toni Tones, and Chioma Good Hair, while her recent collection, “Water to Wine”, showcased her evolution as a creative force. Her work has earned her awards, including La Mode’s Women’s Wear Designer Brand of the Year (2022) and Gleams Best Fashion Designer of the Year (2024).

Joining her on the judging panel are Korede Bello (Music), Don Flexx (Dance), and Akinwande Akinsulire (Tech), all returning judges whose expertise continues to enrich the competition. Back for another electrifying season, the Stanbic IBTC FUZE Talent Show 2025 welcomes celebrated actor and media personality Akah Nnani as host for the third consecutive year, bringing his signature energy, wit, and charisma to a show that continues to spotlight Nigeria’s finest creative talents.

As the countdown to the show begins, all eyes will be on Amy Aghomi and her fellow judges as they embark on this journey of talent discovery. The FUZE Talent Show 2025 promises to be an unforgettable celebration of Nigeria’s next generation of stars, continuing the legacy of fostering creativity and originality in the entertainment industry.

Stay tuned for “The Ultimate Show” and witness how these judges will guide and inspire participants in their artistic endeavours.

 

 

When Transparency Becomes Luxury: INEC and ₦1.5bn FOI Controversy

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By Chike Walter Duru

When the Independent National Electoral Commission (INEC) recently demanded a staggering ₦1.5 billion from a law firm for access to the national register of voters and polling units, many Nigerians were left bewildered.

The request was made under the Freedom of Information (FOI) Act, 2011 – a law designed to make public records accessible, not to commercialise them. INEC’s justification, couched in legalese and bureaucratic arithmetic, raises a deeper question: Is Nigeria’s electoral umpire genuinely committed to transparency and accountability?

At the heart of this controversy is a simple statutory principle. Section 8(1) of the Freedom of Information Act clearly stipulates that where access to information is granted, the public institution may charge “an amount representing the actual cost of document duplication and transcription.” The framers of this law envisioned modest fees; not financial barriers.

INEC, however, appears to have stretched this provision beyond reason. By invoking its internal guideline of ₦250 per page, the Commission arrived at the colossal figure of ₦1,505,901,750 for 6,023,607 pages – supposedly the total pages needed to print the entire national voters’ register and polling unit list. It is a mathematical exercise that may be sound on paper, but absurd in context and intent.

Let us be clear: transparency is not a privilege that comes with a price tag. It is a fundamental right. The Freedom of Information Act exists precisely to ensure that institutions like INEC cannot hide behind bureaucracy or cost to deny citizens access to information that belongs to them.

INEC’s justification, however elaborate, falls flat against the law’s overriding provisions. Section 1(1) of the FOI Act affirms every Nigerian’s right to access or request information from any public institution. More importantly, Section 1(2) establishes that this right applies “notwithstanding anything contained in any other Act, law or regulation.” This means that no internal guideline, regulation, or provision of the Electoral Act can supersede the FOI Act, within the context of access to information.

By relying on Section 15 of the Electoral Act 2022 and its own “Guidelines for Processing Certified True Copies,” INEC seems to have elevated its internal processes above a federal statute – a position that is both legally untenable and administratively misguided.

Civil society organisations have rightly condemned INEC’s response. The Media Initiative Against Injustice, Violence and Corruption (MIIVOC) called the fee arbitrary and unlawful, while the Media Rights Agenda (MRA) described it as a deliberate attempt to frustrate legitimate requests under the FOI Act.

These reactions are not misplaced. Charging ₦1.5 billion for public records is tantamount to weaponising cost – turning what should be a transparent process into a pay-to-play system.

The Attorney-General of the Federation’s FOI Implementation Guidelines pegged the standard charge for duplication at ₦10 per page. Even at that rate, printing the same documents would not amount to anything close to ₦1.5 billion. Moreover, in an age of digital data, it is difficult to believe that the only way INEC can share information is through millions of printed pages.

It is worth noting that the National Register of Voters is a digital database – already compiled, stored, and backed up electronically. The polling unit list is also digitised and publicly available. What, then, justifies this astronomical fee?

Democracy thrives on openness. The credibility of any electoral body depends not just on the conduct of elections, but also on the degree of public confidence in its processes. If the cost of accessing basic electoral data runs into billions, how can civil society, researchers, or ordinary citizens participate meaningfully in democratic oversight?

The African Commission on Human and Peoples’ Rights’ Guidelines on Access to Information and Elections in Africa (2017) are explicit: election management bodies must proactively disclose essential electoral information, including voters’ rolls and polling unit data. Nigeria, as a signatory to this framework, is obligated to promote – not restrict access to such information.

By placing financial barriers in the way of public access, INEC risks undermining not only its own credibility but also Nigeria’s broader democratic integrity. Transparency should not be a privilege of the rich or the powerful. It should be a right enjoyed by all.

This incident presents an opportunity for reflection and reform. INEC must immediately review its internal cost guidelines for information requests and align them with the FOI Act and the Attorney-General’s Implementation Guidelines. More importantly, it should embrace proactive disclosure by publishing the national register of voters and polling units in digital formats that are freely accessible to the public.

There is no reason why information already stored electronically should require billions to access. Doing so not only contravenes the spirit of the FOI Act but also erodes public trust in the Commission’s commitment to open governance.

Access to information is the lifeblood of democracy. It empowers citizens to hold institutions accountable and ensures that governance remains transparent. INEC’s ₦1.5 billion charge is not merely excessive; it is a dangerous precedent that could embolden other public institutions to commercialize public data and silence scrutiny.

If Nigeria must advance its democratic gains, the culture of secrecy and bureaucratic obstruction must give way to openness and accountability. INEC should lead that transformation, not stand in its way.

The Commission owes Nigerians not just elections, but the truth, transparency, and trust that sustain democracy.

Dr. Chike Walter Duru is a communications and governance expert, public relations strategist, and Associate Professor of Mass Communication.

He chairs the Board of the Freedom of Information Coalition, Nigeria. Contact: [email protected].

Unity Bank Corpreneurship Challenge Beneficiaries Hit 578 as 30 More Winners Emerge

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No fewer than 578 young entrepreneurs across Nigeria have benefitted from Unity Bank’s Corpreneurship Challenge — the Bank’s flagship entrepreneurial development initiative launched a few years ago.

Over this period, the Bank has invested in supporting budding entrepreneurs across multiple sectors to start businesses, create jobs, and contribute to Nigeria’s economic growth.

The ongoing initiative recently produced 30 new winners, who received a total grant of ₦16 million during the Batch B, Stream II edition of the National Youth Service Corps (NYSC) orientation course, held across 10 states of the federation.

The winners, innovative young entrepreneurs developing solutions across various value chains such as fashion design, bag making, pastry and beverage production, event management, and vegetable farming, emerged after pitching their business ideas during the challenge at NYSC Orientation Camps in Lagos, Delta, Kaduna, Jigawa, Kwara, Benue, Abia, Kogi, Rivers, and Plateau States.

At the NYSC Orientation Camp in Ipaja, Lagos State, Fiyinfoluwa Titilayo Ojo, who pitched a soap-making enterprise, emerged the overall winner to clinch the ₦800,000 grand prize. Ndukwe Chiamaka Joan, with her innovative Small Chops business proposal, claimed ₦500,000 as first runner-up, while Barakat Modinat Olamide secured ₦300,000 to support her beverage-making venture.

Expressing her excitement after emerging as the overall winner in Lagos, Fiyinfoluwa Titilayo Ojo described the experience as life-changing, stating, “I’m truly grateful to Unity Bank for this opportunity. Winning the Corpreneurship Challenge has given me the push and confidence I needed to scale my soap-making business. Beyond the grant, the experience taught me how to structure my business better and believe in its potential. It’s amazing to see a bank that genuinely invests in young people’s dreams.”

Across the remaining nine states, 27 other winners also emerged after pitching diverse business ideas ranging from fish and poultry farming to printing, piggery, and cake production.

Over the past six years, the Unity Bank Corpreneurship Challenge has become an integral part of the NYSC programme, aligning with the Federal Government’s drive to upskill young graduates and promote entrepreneurship amid the scarcity of white-collar jobs. Each edition attracts thousands of entries from corps members whose business plans are evaluated for originality, marketability, job creation potential, and overall business acumen.

Speaking during the grand finale in Lagos, Unity Bank’s Divisional Head, Retail & SME, Mrs. Adenike Abimbola, reaffirmed the Bank’s commitment to empowering Nigerian youth through enterprise. She said:

“At Unity Bank, we believe that the energy and creativity of young Nigerians are vital to the nation’s economic transformation. The Corpreneurship Challenge is our way of nurturing this potential — by giving corps members the financial boost, mentorship, and confidence to turn their ideas into thriving businesses. Seeing over 578 young entrepreneurs already impacted motivates us to keep expanding the initiative and deepening our support for the SME ecosystem.”

The Corpreneurship Challenge has earned Unity Bank national recognition for its role in youth empowerment and job creation, attracting over 2,000 applicants per edition.

In partnership with the NYSC Skill Acquisition and Entrepreneurship Development (SAED) programme, the initiative continues to serve as a launchpad for youth-owned enterprises, offering grants of up to ₦800,000 to help corps members turn their business dreams into reality.

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Polaris Bank Reinforces Commitment to Exceptional Customer Experience at Global Trade Forum in Ibadan

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Chris Ofikulu, Executive Director, Retail & Commercial Banking, Polaris Bank Limited with some Customers at the South West Trade Forum sponsored by the bank.

Polaris Bank has reaffirmed its commitment to delivering exceptional customer experience through deeper engagement and partnership with its clients. This was demonstrated last Thursday when the Bank hosted a successful Global Trade Forum in Ibadan, bringing together key stakeholders in the South-West region and valued customers to explore growth opportunities and strengthen collaborations.

The hugely attended Trade Forum was graced by the Executive Director, Retail and Commercial Bank, Chris Ofikulu, who expressed heartfelt appreciation to attendees for their participation and continued support.

In his opening remarks, Ofikulu warmly welcomed participants, particularly those who traveled from Kwara, Osun, Ogun, Ekiti, Ondo, and various parts of Ibadan. “Your presence here today reflects the deep trust and strong partnership and bond you share with Polaris Bank. We sincerely appreciate your continued support,” he said.

He further noted that the event aligns with the Bank’s ongoing efforts to deliver exceptional customer experience and enhance engagement with clients across regions. “This forum is part of our broader mission to deepen customer relationships and ensure that you experience Polaris Bank not just as a financial institution, but as a true partner in your success. We want every interaction you have with us to reflect excellence, empathy, and innovation,” Ofikulu stated.

He also highlighted that the timing of the forum coincided with the just-concluded Customer Service Week, which celebrates customers’ loyalty and trust. “It is only fitting that we use this opportunity to celebrate you, our customers. Today’s session is about listening, learning, and growing together. Your feedback continues to shape how we innovate and deliver value,” he added, officially opening the forum.

Bukola Oluyadi, Group Head of Customer Experience and Value Management, also addressed the forum, emphasising Polaris Bank’s commitment to understanding customers’ needs and empowering businesses. “Our vision is to be the preferred partner, and our mission is to empower your enterprises. We are here today to explore how we can continue to support your growth,” Oluyadi noted.

Ayo Adesanya, Ag. Divisional Head, Operations, spoke on the Bank’s operational services, particularly in trade facilitation. He discussed how Polaris Bank assists customers by verifying trade documents and offering payment services at minimal percentage costs. “We are committed to simplifying the trading process for our customers by ensuring that documents are properly verified and offering the option to pay on your behalf for a small fee,” Adesanya explained.

Anthony Anichebe, Sector Lead, Agric Exports, Manufacturing and General Commerce, delivered a keynote address on exports, underscoring the Bank’s role in supporting African businesses.

He highlighted the importance of exports to Nigeria’s economy and how Polaris Bank provides tailored financial solutions to foster growth in the sector. “Exports are key to the diversification of our economy, and Polaris Bank is here to support your export initiatives with solutions that help you navigate international trade,” Anichebe stated.

Olayemi Agbe Davies, Head of Treasury at Polaris Bank, provided an economic overview, noting positive trends in the Nigerian economy such as improved oil production, gradual inflation slowdown, and growing foreign reserves. “The outlook is promising, and Polaris Bank is here to support your business through trade finance, treasury solutions, and currency management,” he added.

Additionally, Olaleye Arinola, the Trade Services Officer, spoke on the Pan African Payment and Settlement System (PAPSS), a groundbreaking initiative designed to simplify cross border payments within Africa. “PAPSS allows businesses to make payments in local currencies, eliminating conversion costs and supporting intra African trade. It is fast, secure, and designed to promote business growth across the continent,” Olaleye explained.

The Global Trade Forum provided a unique opportunity for Polaris Bank customers to engage directly with bank leaders, gain valuable insights, and explore new avenues for business growth. Polaris Bank remains committed to strengthening relationships, enhancing customer experience, and empowering its customers to thrive in the global marketplace.

Fidelity Bank Bags Awards for Best Export, Trade Support and Innovation

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Fidelity Bank’s market leadership has been affirmed once again as the tier-one lender bagged double honours at the BusinessDay Bank and Other Financial Institutions’(BAFI) Awards 2025.

At the awards ceremony, which in Lagos, Fidelity Bank was presented with the awards for the “Best Bank for Export & Trade Finance” and “Most Innovative Bank of the Year”.

Dedicating the Export and Trade Finance Award to its customers, the Managing Director/Chief Executive Officer, Fidelity Bank Plc, Dr Nneka Onyeali-Ikpe, who was represented by the Executive Director/Chief Operations and Information Officer, Stanley Amuchie, said: “This recognition underscores our unwavering commitment to promoting non-oil exports and supporting Nigerian businesses to compete globally through initiatives such as the Fidelity International Trade & Creative Connect (FNITCC) and the Export Management Programme (EMP).

“I dedicate this award to all our exporters who continue to showcase the best of Nigeria to the world, our loyal customers, and our partners for their steadfast support.”

The BAFI Awards is the benchmark of distinction for institutions in the Nigerian financial services sector. Now in its 12th year, the awards recognise and celebrate organisations that are excelling in the delivery of financial services in Nigeria. The award acknowledges organisations demonstrating leadership, vision and impact in driving Nigeria’s growth trajectory.

Fidelity Bank’s recent recognition is attributed to significant accomplishments over the past twelve months. Notable milestones include the inauguration of the first privately constructed onshore oil export terminal in Nigeria in fifty years at the Otakikpo Marginal Field, which was funded by Fidelity Bank and commissioned by President Bola Ahmed Tinubu last week.

Additionally, the Bank launched the Fidelity SME Hub, a multipurpose facility designed to support small businesses through innovation, collaboration, and capacity-building initiatives.

Furthermore, Fidelity Bank organized the third edition of the Fidelity Nigeria International Trade & Creative Connect (FNITCC) in Atlanta, Georgia, USA, in September 2025. This event provided local businesses with opportunities to engage in deal rooms with U.S. buyers, including prominent retailers such as Walmart and Target, fostering potential partnerships.

“The innovation award is a special one for us as it validates our continued drive to enhance operational efficiency, elevate customer experience, and strengthen business performance. We sincerely appreciate BusinessDay Media for this recognition and reaffirm our commitment to introducing more impactful innovations that empower our customers and advance the Nigerian financial services industry”, commented Amuchie.

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating Office (NASSCO); Niyi Onifade, MD/CEO, Heirs Life Assurance and the Group’s Sector Head; Bernice Michael, 1st Runner Up; Rhema-Love Abraham, Winner, 2025 Heirs Insurance Essay Championship; Afopefoluwa Tofio-Jacobs, 2nd Runner Up; Okpe James Chidi, Winner, Teachers’ Insurance Awareness Prize; Wole Fayemi, MD/CEO, Heirs General Insurance and James Akpan, Head, Technical, Heirs Insurance Brokers.

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has announced the winners of the 4th edition of the Heirs Insurance Essay Championship, a nationwide competition promoting financial literacy and academic excellence among secondary school students and educators.

The grand finale, held at the Transcorp Hilton Hotel, Abuja, brought together students, parents, and academic leaders for a celebration of knowledge and creativity. This year’s edition, which attracted over 5,000 entries from junior secondary school students nationwide, was anchored on the topic “The Role of Insurance in Keeping Families Safe and Secure”.

After a rigorous evaluation process by a distinguished panel of academic professionals, independently verified by Deloitte & Touche, 13-year-old Rhema-Love Abraham of Precepts Learning Field, Lagos, emerged as the overall winner, earning a ₦5 million scholarship and a ₦1 million grant for her school.

Bernice Michael of S-TEE High School, Lagos, claimed the second-place position, winning a ₦2 million scholarship, while Afopefoluwa Tofio-Jacobs of D-IVY College, Ogun State, took third place, receiving a ₦1 million scholarship.

This year, Heirs Insurance introduced the inaugural Teachers Prize, to honor teachers promoting insurance awareness within their schools and communities. This initiative was created to democratise access to insurance literacy, working collaboratively with teachers and educators.

Mr. Okpe James Chidi, a teacher at Urban Secondary School, Umuna Orlu, Imo State, emerged as the winner of the Teachers’ Insurance Awareness Prize, with a personal award of ₦1 million cash prize, and a ₦500,000 grant for his school. His project, which deepened students’ understanding of financial literacy and insurance, was praised for its innovation, reach, and measurable impact.

Speaking at the ceremony, Niyi Onifade, Sector Head, Heirs Insurance Group, commended all the participants for their creativity and drive, emphasising the Group’s commitment to nurturing future leaders through education.

He said: “We are proud of every student and teacher who participated in this year’s Essay Championship. Their creativity, curiosity, and dedication reflect the future we envision for our nation; one built on knowledge, innovation, and resilience. At Heirs Insurance Group, we believe financial literacy is a powerful tool for empowerment and transformation”.

The Heirs Insurance Essay Championship is a flagship Corporate Social Responsibility (CSR) initiative of Heirs Insurance Group, created to build awareness of insurance literacy and critical thinking among young Nigerians.

The introduction of the Teachers’ Insurance Awareness Prize further demonstrates the Group’s commitment to advancing insurance education and promoting financial inclusion at every level of society.

Stanbic IBTC Bank, LOXEA BYD forge alliance for Electric Vehicle Financing

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In a strategic move to advance Nigeria’s shift toward sustainable transportation, Stanbic IBTC Bank has announced a partnership with LOXEA Nigeria, the exclusive distributor of BYD electric and hybrid vehicles in Nigeria and a subsidiary of CFAO Mobility.

This collaboration is aimed at making eco-friendly mobility more accessible to Nigerians through innovative and flexible financing solutions, reinforcing both organisations’ commitment to renewable energy and environmental sustainability.

The partnership was officially launched at an exclusive product showcase held at the BYD showroom in Victoria Island, Lagos. Attendees had the opportunity to explore BYD’s cutting-edge electric vehicle models, engage with industry experts, and learn about tailored vehicle financing options from Stanbic IBTC. To encourage early adoption, the initiative includes one-month special incentives, such as vendor discounts and reduced interest rates on vehicle financing.

The event featured compelling addresses from executives of both organisations, highlighting their shared vision for a cleaner, more efficient transport ecosystem in Nigeria.

Olu Delano, Executive Director at Stanbic IBTC Bank, stated: “This alliance underscores our dedication to empowering Nigerians with green alternatives that not only address environmental concerns but also offer practical, cost-effective solutions for everyday mobility. By combining LOXEA BYD’s innovative electric and hybrid vehicles with our flexible financing, we are not just offering cars, we are driving a cleaner future.”

Mehdi Slimani, Managing Director of LOXEA Nigeria, added: At LOXEA, we are proud to lead the transition toward cleaner mobility in Nigeria. Distributing BYD’s cutting-edge electric vehicles, along with our comprehensive suite of fleet and mobility solutions, allows us to offer a truly future-ready alternative. This partnership with Stanbic IBTC is a significant step forward in making electric mobility more accessible and practical for Nigerian drivers. Together, we are not just introducing new vehicles, — we are shaping a smarter, greener transportation ecosystem.”

The event sparked enthusiasm among attendees from various sectors, reflecting growing interest in sustainable automotive solutions. Models like the BYD ATTO 3 and BYD Dolphin were showcased as practical options for urban mobility, offering reduced reliance on fossil fuels, lower operational costs, and a smaller environmental footprint.

Looking ahead, this partnership positions Stanbic IBTC Bank as a key enabler of Nigeria’s renewable energy transition, expanding access to sustainable transport for a broader audience. Through strategic collaborations like this, the bank continues to drive innovation in financial services tailored to eco-conscious consumers.

 

 

CBN, Bank of Angola Sign MoU on Technical Co-operation at IMF/World Bank Meeting

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In an effort to enhance bilateral cooperation and technical exchange, the Central Bank of Nigeria (CBN) and the Bank of Angola, on the sidelines of the ongoing Annual meetings of the IMF and World Bank, signed a Memorandum of Understanding (MOU) for bilateral technical cooperation on Thursday, October 16, 2025.

The agreement, which was signed by the CBN Governor, Olayemi Cardoso, and his counterpart from the Central Bank of Angola, Mr Manuel Antonio Tiago Diaz, is expected to promote knowledge exchange, improve regulatory coordination, and enhance capacity in the execution of central banking functions.

Speaking at the signing, moderated by the CBN Deputy Governor (Economic Policy), Dr. Mohammed Sani Abdullahi, and attended by senior officials of both banks, the CBN Governor, Cardoso, described the MoU as a “timely and significant milestone” in fostering regional cooperation among African central banks.

He noted that the agreement had been in the works for some time and reflected the growing understanding that collaboration was essential to addressing Africa’s shared economic challenges.

“This forum brings together a multiplicity of stakeholders and interests from across the globe, and what we’ve done today highlights the spirit of cooperation that defines these annual meetings.”

Cardoso emphasised that the pact was in line with the CBN’s strategy to promote regional stability, support cross-border financial integration, and build institutional resilience across Africa.

“This agreement gives us the opportunity to strengthen regional understanding, share experiences, and build a more interconnected and robust financial system,” he added.

Speaking earlier, the CBN Deputy Governor (Economic Policy), Dr. Muhammad Sani Abdullahi, explained that the MoU provides a structured framework for both central banks to share knowledge, technical expertise, and supervisory information.

He said the objectives of the agreement include establishing a bilateral platform for reciprocal exchange of technical assistance, enhancing capacity development, and fostering collaboration in the supervision of financial institutions that operate across borders.

Abdullahi outlined several key areas of cooperation under the MoU, including exchange control, management of financial markets and foreign reserves, currency management, economic research, and monetary and financial statistics.

Others include payment systems, financial sector development, banking regulation, cybersecurity, anti-money laundering and counter-financing of terrorism (AML/CFT), and staff training.

He also highlighted the agreement’s focus on ensuring a transparent and smooth exchange of information between the two central banks, particularly in the licensing, ongoing supervision, and resolution of cross-border financial establishments.

“The cooperation will strengthen our capacity to manage systemic risks and ensure stability in our financial sectors,” Abdullahi said. “It also provides a platform for shared learning and innovation in central banking operations.”

In his remarks, the Governor of the Bank of Angola, Mr Manuel Tiago Dias, described the MoU as an important step toward building stronger financial ties between the two countries and, by extension, among African nations.

He observed that both central banks share common objectives of promoting macroeconomic stability, developing efficient payment systems, and safeguarding their financial sectors against global vulnerabilities.

NBS: Nigeria’s Inflation Falls to 18.02% in September, Lowest Level in Three Years

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Nigeria’s headline inflation rate fell for the sixth consecutive month in September, easing to 18.02 percent, its lowest level in three years. according to new data released by the National Bureau of Statistics (NBS). Core inflation slowed to 19.53 percent, while food inflation moderated to 16.87 percent over the same period.

The sustained decline marks a significant reversal from the inflationary peak of 34.19 percent in June 2024, reflecting the impact of the Central Bank of Nigeria’s (CBN) decisive monetary policy actions to restore price stability and anchor expectations.

In response to those pressures, the CBN raised its Monetary Policy Rate (MPR) from 18.75 percent to 27.50 percent through a sustained tightening cycle, while increasing the Cash Reserve Ratio (CRR) to 50 percent for commercial banks and 16 percent for merchant banks.

At its September 2025 meeting, the Bank eased slightly, lowering the MPR by 50 basis points to 27.00 percent and the CRR for commercial banks to 45 percent, while maintaining a firm anti-inflationary stance.

Monetary tightening was complemented by reforms in the foreign exchange market, including exchange rate unification and enhanced transparency to improve price discovery in the market.

The naira has since stabilised, with the spread between the official and Bureau de Change (BDC) rates narrowing to below 2 percent. Improved liquidity in the FX market has helped reduce the pass through of imported inflation and reinforced price stability.

Foreign reserves remain above $43 billion, providing more than eleven months of forward import cover, supported by sustained forex inflows.

The CBN said it remains committed to strengthening the disinflation trend, supported by a combination of exchange rate stability, durable improvements in food supply, and continued moderation in petroleum product prices.

Governor of the CBN, Mr. Olayemi Cardoso, at the ongoing Annual meetings of the International Monetary Fund and the World Bank Group, stated: “We expect inflation to continue to trend downward in the near term, supported by tight monetary conditions, a stable naira, and increased food supply.”

 

 

NUPEMCO Marks 2025 CSW with Nationwide Pension Awareness Activities, Huawei-Supported National Essay competition

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The Nigerian University Pension Management Company (NUPEMCO) celebrated the 2025 Customer Service Week with a series of impactful events across Nigerian universities, aimed at deepening pension awareness, promoting client engagement, and celebrating service excellence.

The week commenced with an opening ceremony and workshop held at Ahmadu Bello University, Zaria, themed “A Critical Analysis of the Contributory Pension Scheme (CPS) and Its Impact on the Nigerian Worker.” The event drew over 300 participants, including academics, non-academics, pensioners, and university administrators. Professor Kamal Bello from the National Open University delivered the keynote address which provided a comprehensive review of the CPS and its implications for Nigerian workers. A panel discussion followed, where experts and practitioners further examined the scheme’s successes and challenges, offering perspectives on how to strengthen pension operations within the university system.

The week-long celebration concluded at the University of Lagos, where Professor Mukhtar Halliru from Bayero University Kano delivered the keynote address during the closing workshop.

One of the major highlights of the event was the announcement of the winners of the NUPEMCO National Essay Competition, open to students across all Nigerian universities, themed “Securing the Future: Why Pensions Matter for Every Nigerian Worker.”

According to Dr. Austen Sado, Team Lead of the Essay Competition Assessors, the competition received over 800 submissions, out of which 340 essays advanced to the final stage after rigorous screening based on the published guidelines. Six winners emerged, representing the six geopolitical zones of the country.

The top three winners were Torsen Saameer Kasmir (University of Jos, North Central), Odo Chidiebere Getrude (University of Nigeria Nsukka, South – East), and Amina Ali Bello (University of Maiduguri, North – East). The 4th to 6th positions were awarded to Mohammed Sani Musa (Abdullahi Fodio University of Science and Technology, North – West), Ita Mary-Kate Ikorr (University of Calabar, South South), and Israel Eze (University of Ibadan, South – West).

The winners received both cash and technology prizes — ₦500,000 and a tablet for the 1st prize, ₦350,000 and a tablet for the 2nd prize, and ₦200,000 and a tablet for the 3rd prize, with cash consolation prizes for the 4th to 6th winners.

NUPEMCO partnered with Huawei Technologies for the essay competition. A representative of Huawei, Mr. Olayemi Joseph, delivered a presentation highlighting Huawei’s educational initiatives and commitment to youth development.

As part of the collaboration, Huawei also provided Mobile Access Points to the universities of the top three winners, further supporting digital inclusion and access to learning resources.

Through these activities, NUPEMCO reaffirmed its commitment to enhancing pension literacy, promoting social responsibility, and fostering closer relationships with stakeholders within the Nigerian university system, while also recognizing the vital role of technology in advancing education and service delivery.

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Nigeria’s foremost advertising leader and Chairman of Troyka Holdings, Dr. Biodun Shobanjo, has been inducted into the Loeries Hall of Fame, becoming the first West African to receive the prestigious honour since the award’s inception in 2008.

The induction, announced at the 47th annual Loeries Awards ceremony held on Friday, 10th October 2025 in Cape Town, South Africa, celebrates Dr. Shobanjo’s visionary leadership, trailblazing contributions to marketing communications, and his role in building one of Africa’s most formidable creative and business institutions; the Troyka Group.

The Loeries Awards remain Africa and the Middle East’s most esteemed platform for recognising excellence, innovation, and creativity across the marketing communications landscape. The Loeries Hall of Fame is its highest individual accolade, reserved for exceptional leaders who have dedicated their careers to elevating creativity and professionalism in the marketing communications industry across the region. Dr. Shobanjo becomes the 16th recipient of the award, joining a distinguished circle of global industry figures.

For over four decades, Dr. Shobanjo has been a defining voice in the African marketing and communications industry. As the chairman of Troyka Holdings, the parent company of Insight Communications, Leo Burnett, Starcom Media Perspectives, All Seasons Zenith, Quadrant MSL, Digitas, Optimum Exposures, and Halogen Security Company, he has led a transformative movement that redefined the standards of creativity, strategy, and professionalism in West Africa.

Under his leadership, the Troyka Group evolved from a wholly indigenous enterprise into an internationally connected network, through its partnership with Publicis Groupe, the world’s largest marketing communications conglomerate.

Through his leadership, the Troyka Group has become a benchmark for integrated communications in Africa. Its agencies have won multiple international awards and have been recognised for outstanding creativity and strategic excellence.

Beyond corporate success, Dr. Shobanjo is widely regarded as the “Father of Modern Advertising in Nigeria.” His visionary approach to talent development and mentorship has paved the way for generations of practitioners and entrepreneurs in the marketing communications ecosystem. His philosophy of discipline, excellence, and the relentless pursuit of innovation continues to shape the creative economy in West Africa.

He has also been recognised nationally and internationally for his contributions. In October 2022, Nigeria’s former President Muhammadu Buhari conferred on him the Officer of the Order of the Niger (OON) national honour.

About The Loeries

Founded in 1978, The Loeries is the oldest and most prestigious award organisation in Africa and the Middle East dedicated to recognising creative excellence in brand communication. Through its Hall of Fame, introduced in 2008, The Loeries honours individuals whose careers have made a lasting impact on the industry, not just through business achievements, but through mentorship, innovation, and leadership that inspire generations of creatives.

Past inductees include some of the most respected figures in the global advertising and communications industry, including Dani Richa, Chairman & CEO, BBDO EMEA, John Hunt, Worldwide Creative Director, TBWA/Worldwide, making Dr. Shobanjo’s recognition a milestone for West Africa and a testament to Nigeria’s growing influence in the global creative economy.

About Troyka Holdings

Troyka Holdings is West Africa’s leading marketing communications and business solutions group, comprising specialised agencies that deliver integrated services across advertising, public relations, media planning, experiential marketing, digital strategy, and security management. Through its agencies; Insight Publicis, Leo Burnett, Starcom Media Perspective, All Seasons Zenith, Quadrant MSL, Digitas, and other operating companies; Optimum Exposures, and Halogen Security,Troyka has managed some of the world’s biggest brands and continues to drive innovation that defines the future of African marketing.

The group is renowned for its creative excellence, strategic depth, and commitment to nurturing young African talent, making it a trusted partner for global and regional clients seeking authentic and effective brand engagement in Africa.