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UN Scribe Appoints First African, Adedoyin Adeleke, Co-Chair of Independent Group of Scientists for 2027 Global Sustainable Development Report

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Green Growth Africa proudly announces the appointment of its Executive Director, Dr. Adedoyin Adeleke, as Co-Chair of the United Nations Independent Group of Scientists (IGS) tasked with preparing the 2027 Global Sustainable Development Report (GSDR).

The appointment, made by United Nations Secretary-General António Guterres, marks a historic milestone as Dr. Adeleke becomes the first African to be appointed Co-Chair of the eminent group of 15 scientists selected from across the world. He is also the first Nigerian to be appointed to the prestigious group.

The Global Sustainable Development Report is the United Nations’ flagship, evidence-based publication on the 2030 Agenda for Sustainable Development, mandated by UN Member States and issued once every four years. The GSDR is designed to strengthen the science-policy-society interface and provide actionable recommendations to world leaders.

As Co-Chair, Dr. Adeleke will guide a team of 15 distinguished experts drawn from diverse scientific disciplines and regions, ensuring that the 2027 report delivers cutting-edge insights on emerging challenges and transformative pathways for sustainable development.

The appointment reflects not only global recognition of Dr. Adeleke’s expertise, but also the rising influence of African voices in shaping global development policy. His leadership will contribute to advancing a balanced and inclusive perspective on the Sustainable Development Goals (SDGs), with a strong focus on justice, intergenerational equity, and transformative solutions. Given that the 2027 Global Sustainable Development Report is the last to be published before 2030; the IGS to be Co-Chaired by Dr. Adeleke will provide the last push towards the realisation of the SDGs. The outcome of the report will also shape the post-2030 United Nations’ development agenda.

A green growth and sustainability expert whose work bridges science, policy, and practice, Dr. Adeleke is the Founder and Executive Director of the Green Growth Africa Sustainability Network (Green Growth Africa). Green Growth Africa is a UNEP-accredited NGO headquartered in Nigeria and committed to driving just and green transitions for Africa’s development. Dr. Adeleke holds a PhD in Energy and Nuclear Science and Technology from Politecnico di Milano, Italy, where he also served as a Research Fellow within the UNESCO Chair in Energy for Sustainable Development. He has contributed to diverse international development projects including the EU-funded Long-Term Joint Research and Innovation Partnership on Renewable Energy (LEAP-RE) and Ambassadors for Sustainable Transition (AMBITION), among others.

His pioneering work has advanced sustainable energy, climate actions, biodiversity protection, and citizen-led sustainability initiatives across Africa. He has initiated and lead award-winning youth-focused programmes – EcoHeroes Initiative and Mentoring for Research Programme – that have directly impacted more than 10,000 secondary school students and 175 graduate researchers in 57 universities across 26 African countries. Dr. Adeleke developed Nigeria’s first ultra-modern green building constructed entirely from waste plastic bottles and fully powered by solar energy. He currently champions a nationwide initiative – Scaling National Capacity for Plastic Upcylcing (SNAP-Up) – to address system barriers within the waste value chain and promote green building in Nigeria. He also established Nigerian’s first development Media and Broadcasting outfit – Green Growth TV & Studios – based in Asokoro, Abuja. Moreover, he pioneered two digital innovations for sustainable development –  Green Growth DigiHub – a web and mobile application that provides global visibility for sustainable development projects and actors. The digital platform also extracts and valorizes the global and policy impact of local sustainable development initiatives. His other digital innovation – Green Growth Watch – empowers citizens to capture, document and report environmental news including projects, incidences and crimes and violations to Green Growth TV. Green Growth Watch empowers citizens to know and exercise their environmental rights and ensure that their rights are respected in environmental governance in Africa.

Dr. Adeleke’s contributions to green growth and sustainable development have been widely lauded with various international recognitions. Adedoyin is the first African named in the 30 Under 30 GameChangers in Environmental Education by the Global Environmental Education Partnership, an initiative supported by the U.S. & Taiwanese Government. He was also named in the 40 Under 40 Changemakers in Solar Energy by PennWell Corporation-owned Renewable Energy World, USA. In 2018, he was also named in the Top 100 Shakers and Movers in Corporate E-Learning, among others. EcoHeroes Initiative, initiated and led by Dr. Adeleke won the prestigious Okayama ESD Award (Japan) & Pratt & Whitney Excellence Award in E-STEM, both in 2022. Moreover, he has contributed to several high-level UN and international reports, including UNEP’s Global Environmental Outlook (GEO-7) and 2023 and 2024 editions of UNEP’s Climate Technology Progress Report, among several others.  

The 2027 Global Sustainable Development Report will be the third in a series of quadrennial reports, following the 2019 (The Future is Now: Science for Achieving Sustainable Development) and the 2023 report (Times of Crisis, Times of Change: Science for Accelerating Transformations to Sustainable Development).

It will serve as a critical input to the High-Level Political Forum on Sustainable Development in September 2027, providing scientific guidance on the state of global progress, identifying emerging challenges, and offering actionable recommendations. The outcome of the report will also provide a bedrock for the post-2030 United Nations’ development agenda. 

The Independent Group of 15 Scientists will be supported by a UN task team led by DESA, UNESCO, UNEP, UNDP, UNCTAD, and the World Bank, ensuring broad consultation across governments, academia, civil society, and the private sector. 

Green Growth Africa congratulates Dr. Adeleke on this groundbreaking appointment and looks forward to the invaluable impact his leadership will bring to advancing sustainable development in Africa and across the globe. 

NCDMB Identifies Key Skill Areas for Capacity Building as AEW Holds in Cape Town

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The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday in Cape Town, South Africa, identified key skill areas it would focus capacity building efforts for optimal job creation opportunities in the Nigerian oil and gas industry.

The Executive Secretary of the Board, Engr. Felix Omatsola Ogbe disclosed this in his keynote address at the on-going Africa Energy Week (AEW), as he shared Nigeria’s success story in local content development.

The skill areas highlighted for special focus include underwater welding, subsea engineering, geosciences, project management, deepwater operations (drilling, production engineers), instrumentation and controls.

Others are digitalisation including Artificial Intelligence (AI), helicopter pilots, with a delivery model that is based on classroom and hands-on approach.

Delivering the address entitled “From Policy to Prosperity: Scaling Local Content for Africa’s Energy Future,” the Executive Secretary said no policy succeeds without people, and that challenges such as infrastructure gaps and financing limitations “are not reasons to slow down” but “reasons to deepen collaboration between government, operators, service companies and host communities” to co-create solutions.

He pointed out that in the aforementioned challenges and expected solutions are a shared opportunity for African countries to “harmonise local content policies, create regional supply chains, and leverage continental institutions like the emerging African Energy Bank.”

He further charged African countries to ensure that the skills of citizens, the creativity of entrepreneurs and strength of their institutions define the future of African energy.

The Executive Secretary, who was represented by the Director, Corporate Services of the NCDMB, Dr. Adbdulmalik Halilu, noted that the local content strategy developed by the Africa Petroleum Producers Organisation (APPO) for member countries and the Africa Continental Free Trade Agreement policy of the African Union are “clear pathways towards fostering trade-based multilateral cooperation within the continent.”

He emphasised that scaling local content requires human capital development and deployment, infrastructure development, technology and innovation, cross-border collaboration and partnerships (common standards, tariff and demand), in addition to policy harmonization.

On Nigeria’s local content journey, with in-country value addition now at 57 per cent, up from five per cent in 2010, when the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010, the NCDMB boss said the overarching objective was to position Nigeria as the destination of choice for investment in exploration and production (E&P) but most importantly to create jobs for citizens and new industries supporting E&P value chain, while ensuring sustainable operations for future generations.

Local content implementation, according to him, was anchored on six broad pillars, namely, regulatory framework, gap analysis, capacity building, incentives and funding research and development (R&D), and access to market, and driven by several policy interventions.

The policy interventions include Equipment Component Manufacturing Initiative, which requires companies to obtain Nigerian Content Equipment Certificate to qualify for supply of equipment; marine vessel categorization scheme, which requires companies to provide proof of indigenous ownership of marine vessels to qualify for vessel contracts; project-based training, which requires project promoters to commit a percentage of project cost to industry-relevant training.

On accomplishments under the NOGICD Act, Engr. Ogbe declared: “Nigeria now hosts a world-class fabrication and integration yard for fabrication of production platforms and integration of Floating Production Offloading and Storage (FPSO) vessels, high voltage cables and fiber optics for LNG train.” Also, that production platforms are now produced from Nigerian cable manufacturers, while design engineering capacity exists for onshore, offshore, LNG, [and] gas gathering facilities.”

He disclosed that operators like Renaissance Africa Energy Limited, Seplat and Oando are taking over assets from international oil companies (IOCs), under a divestment programme, and would become key contributors to Nigeria’s target to achieve three million barrels per day production by 2030.

He noted that recent Executive Orders by the Administration of President Bola Ahmed Tinubu that introduced tax incentives tied to time-bound upstream investment and cost leadership and also intended to accelerate contract processing cycles for oil and gas projects, from 36 months to six months, have birthed major projects such as UBETA Gas Development Project and Bonga North Project, among others that are in the pipeline.

Engr. Ogbe concluded with a firm assurance to other oil- and gas-producing countries on the continent that NCDMB is committed to partnering them all “to build an African energy sector that is owned, operated, and sustained by Africans.

The African Energy Week, organised by the African Energy Chambers, is an interactive exhibition and networking event, attended by energy policymakers, operators and service companies in the oil and gas industry and prospective investors, among others.

NCDMB: NOGICD Act Not Weakened by Presidential Orders on Oil Sect

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The three Executive Orders issued by President Bola Ahmed Tinubu on the Oil and Gas Industry in March 2024 did not erode the relevance of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act on the operations of the oil and gas industry, the Nigerian Content Development and Monitoring Board (NCDMB) has said.

This was one of key messages from the Local Content Masterclass and panel discussion at the African Energy Week, which started in Cape Town, South Africa.

Discussions at the panel highlighted Nigeria’s local content’s milestones and processes, provided local lessons for other African oil and gas producing countries, clarified misconceptions, as well as positioned Nigeria’s oil and gas industry for investment.

The panellists included the Director Capacity Building, Engr. Abayomi Bamidele, General Manager Monitoring and Evaluation, Mr. Silas Omomehin Ajimijaye, and General Manager, Nigerian Content Development Fund (NCDF), Ms. Fateemah Mohammed, and the session was moderated by the General Manager Corporate Communications, NCDMB, Dr. Obinna Ezeobi.

Giving insight into the Presidential Directives, Engr. Bamidele observed that some oil and gas stakeholders grossly misinterpreted the Presidential Directives to mean that the NOGICD Act had been relegated or sidestepped and they no longer need to comply with the provisions of the law.

“The Special Adviser to the President on Energy had to clarify that the Presidential Directives did not set aside local content. They only mandated that existing capacities must be patronized and middlemen must be excluded from the contracting process.”

The three Executive Orders are the Presidential Directive on Local Content Compliance, Presidential Directive on Reduction of Petroleum Sector Contracting Cost and Timelines and Presidential Directive on Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc.

Bamidele confirmed that NCDMB had streamlined its contracting strategies to align with the Presidential Directives, collapsed its touchpoints in the contract approval process from 9 to 5, thereby contributing to the shortening the industry’s contracting cycle, reduction of the cost of projects and catalysing new oil and gas projects from operating oil and gas companies.

He announced that qualified international service companies can now be awarded the Nigerian Content Equipment Certificates (NCEC), to facilitate their direct participation in deepwater operations in the Nigerian oil and gas industry, as provided in the NOGICD Act. This policy will attract investments into the sector, and is consistent with the Presidential Directives, he explained.

On Board’s strategy for capacity development for new oil and gas projects, he said plans are afoot to conduct trainings in skill areas that are in a high demand in the sector. He underlined the need to always streamline capacity building initiatives with requirements and changing dynamics in the industry.

The Board is also committed to developing critical infrastructure such as the Brass Island Shipyard with support of the NLNG, as well as completing and operationalising the Nigerian Oil and Gas Parks at Odukpani, Cross River State and Emeyal-1 in Bayelsa State, he hinted.

Counselling sister Africa countries, Engr. Bamidele noted that local content and capacity building strategies must be country-specific, and policy makers must understand the mindset and skillsets of their nationals.

He further advised that local content policies and capacity building models must be relevant and applicable to the host country’s technological, educational and manpower capacities.

While making his comments, the General Manager, Monitoring and Evaluation, Mr. Silas Omomehin Ajimijaye outlined the robust mechanism the Board deploys in monitoring companies’ execution of oil and gas projects, ensuring compliance with the provisions of the NOGICD Act, and retaining significant value in the economy.

On the impact of divestment of oil and gas assets on Nigerian content compliance, he stated that the transfer of assets to indigenous operators had not impacted negatively on compliance. This is because the Board sustained the compliance protocols it had established with the previous owners. However, the Board, is ready to support successor companies to navigate challenges they might have with compliance, he added.

Speaking further Ajimijaye highlighted the importance of robust research and development initiatives to achieving sustainable local content development. He indicated that NCDMB had developed an R&D roadmap and collaborates regularly with operating companies, service firms, the academia, and other relevant institutions.

Currently, NCDMB has established six centers of excellence at key universities across six zones of the country, while Research and Development Fund has been deployed to support commercialization of viable projects, with 15 research ideas and inventions currently supported to ensure their successful development, he added.

In her contributions, the General Manager, NCDF, Fateemah Mohammed explained that the Nigerian Content Intervention Fund is a dedicated finance scheme that provides single digit financing to Nigerian service companies, enabling them to grow capacities and play key roles in the oil and gas industry.

Giving insight into the seven products of the NCI Fund, she dwelt on the Community Contractors Fund, which is a N50 billion finance scheme designed for contractors in local communities, whereby they can assess up to N100 million, at single digit to execute contracts in the oil and gas industry and grow the local economy.

Another unique product is the US$20 million Women in Oil and Gas Intervention Fund managed by Nigeria-Export-Import Bank, for deepening the capacities and capabilities of women entrepreneurs and industrialists to fully participate in the Nigerian oil and gas industry.

Recommending similar funding schemes to other African countries, Mohammed disclosed NCDMB’s aspiration to grow the NCI Fund and collaborate with other financial institutions to unlock larger projects and enhance skills development of the populace.

Anambra Traditional Ruler, Ichie Martin Ezeosi, for Burial Oct 9

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The Oko Community in Orumba North Local Government Area (LGA) of Anambra State has finalised arrangements for the official burial and final rites of passage for its traditional ruler, Onowu Oko, Ichie Martin Ezeosim, on Thursday next week.

The demise of late Onowu was jointly announced by His Royal Highness, Igwe Prof. Laz Ekwueme, Eze Ijikala II and his cabinet; the Oko People’s Union, (OPU) and the family who have fixed his burial for October 9, 2025.

The late Onowu Oko – the traditional Prime Minister, who is the second in Command to Igwe of Oko, died at the age of 78, with a string of remarkable contributions to the development of the community.

The funeral rites for a befitting burial of Onowu Oko have been set for the Alex Ekwueme Civic Centre, Oko, after a Christian burial ceremony in his country home in Eziabo Village in Oko.

A committee for the official burial of the late Onowu, led by a member of the Oko Council of Chiefs, Chief Larry Iloh, and other prominent members from all segments of the Oko community, have been set up to oversee a very befitting ceremony that will involve the participation of government officials, the entire Oko community and their friends.

Prof. Ekwueme, who condoled with the entire community, expressed deep sorrow at the loss of an illustrious, reliable and hardworking community leader who contributed immensely in many facets of the community’s development and leadership, urged the committee to ensure that the community hosts befitting rites for the late traditional prime minister.

The President of OPU, Nze Sunday Nwafor, also paid glowing tributes to the late Onowu, whose life, he said, replicated a very simple life of a Christian, with a personae, bravery and carriage that are worthy of emulation in the community.

In his message, Chairman of Onowu Oko Burial Committee, Chief Iloh, said the community, on behalf of Oko community, owes a lot of gratitude to the late Onowu, whose contributions are invaluable.

He promised that the committee will leave no stone unturned to ensure that Oko sons, daughters, and friends of the community, turn up to pay their last respects to the late leader.

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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The Honourable Minister of Finance and Coordinating Minister of Nigerian Economy, Mr. Wale Edun will lead robust discussions on how to transform and grow the nation’s economy to one trillion dollars at the 2025 Finance and Business Online Publishers (FiBOP) national annual conference.

The theme of the conference is:” Achieving $1 Trillion Economy: Leveraging Technology Innovations, Tax Reforms, and Opportunities in Renewable Energy, Agriculture and Financial services.

The FiBOP Conference is bringing together technocrats, leaders of thought, captains of industry, the academia and key players from across all sectors of the economy to discuss the ways to put the country on the path of accelerated economic growth and development.

The FiBOP 2025 National Annual Conference will hold on October 18th to 19th, 2025 at Orchid Hotels, Lekki, Lagos State.

The 2025 conference which has continued to garner support and sponsorship from some of the most reputable organisations and institutions in the nation’s economy has gotten firm commitments from the Nigeria Deposit Insurance Corporation (NDIC), emPLE Insurance Limited, Nigerian Communications Commission (NCC), Polaris Bank, Zenith Bank, Fidelity Bank, Universal Insurance and Nestle Nigeria Plc. These organizations alongside others will be joining forces to fast track the process towards achieving the one trillion dollars economy by year 2030.

This conference is pointedly an integral part of the renewed hope agenda of the President Bola Ahmed administration designed to chart a clear plan for securing successful mutual accountability and investment strategies, crucial for Nigeria’s economic growth and development, particularly in areas of technology innovations, tax reforms, renewable energy, and agriculture.

Specifically, technocrats and speakers from different sectors of the economy will also identify innovative strategies for diversifying from dependence on oil, adapting technology, fostering innovation, investing in renewable energy, insurance, agriculture, and services.

The conference organisers have expressed optimism that more institutions will join the train to attain the $1 trillion economy by 2030 as a means of ensuring improved living conditions for the citizens of the country.

Edun believes that domestic savings are the engine of sustainable investment. “A trusted and stable financial system, anchored by strong institutions is essential to lifting millions out of poverty and driving Nigeria’s transition to a $1 trillion economy”

Meanwhile, President, Finance and Business Online Publishers FiBOP, Mr. Charles Onwuatogwu has called on more companies and organisations to partner with the association in alignment with federal government’s objective of wealth creation and advancing the dividends of democracy for the betterment of the people

He also assured that partners and sponsors will gain a wide range of benefits including well-articulated media hype via press interviews, media publicity promotions, display of their organisation’s backdrops and similar publicity initiatives to mention but a few.

FiBOP is a registered body by the Corporate Affairs Commission (CAC) made up of seasoned online publishers and editors, with wealth of experience in the print and electronic media, who are dedicated to promoting informed and balanced reporting of economic events and activities, wealth creation, and contributing to the growth and development of the Nigerian economy and the continent of Africa.

The association’s annual conference provides the needed platform for experts and stakeholders to contribute to issues of great national importance aimed at fostering inclusive growth, unity, and national prosperity.

CBN Governor Champions Next-Gen Leadership with New National Lecture Series

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The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, will deliver a landmark lecture at Lagos Business School on Friday, October 3, 2025.

The lecture, titled “Next Generation Leadership in Monetary Policy & Nation Building,” marks the launch of the CBN Governor’s Lecture Series, the first in a series of thought-leadership discourses to be held in collaboration with leading tertiary institutions across the country over the next three years.

This inaugural edition also commemorates the second anniversary of Team Cardoso’s leadership at the Central Bank of Nigeria, a period defined by renewed focus on price stability, institutional transparency, and anchoring monetary policy to the everyday realities of Nigerians.

The Governor’s Lecture Series, part of Mr. Cardoso’s broader Knowledge Acceleration and Thought Leadership Initiative, is central to the CBN’s strategy of deepening public understanding and strengthening the transmission of monetary policy. It aims to foster dialogue, promote innovation, and advance an inclusive financial system that works for all Nigerians, while positioning the country as a leader on both the African and global stages.

Since assuming office in September 2023, Mr. Cardoso has consistently emphasized linking central banking to the daily realities of citizens. He has stressed that the Bank’s core mandate, safeguarding price stability, is essential to driving sustainable economic growth and protecting livelihoods.

“Nigeria is at a pivotal moment, where technology, global financial realignments, and the energy of its youthful population are reshaping its economic future. Innovation must be harnessed intentionally and confidently, particularly by institutions like the CBN,” Cardoso noted in an earlier engagement.

The lecture is expected to attract senior policymakers, industry leaders, academics, and students, underscoring the crucial role of monetary policy in fostering stability, growth, and national development.

President Tinubu to Inaugurate Renovated National Arts Theatre Today

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As part of activities commemorating Nigeria’s 65th Independence Anniversary, President Bola Ahmed Tinubu will today, Wednesday, October 1, 2025, officially inaugurate the newly renovated National Arts Theatre, Iganmu, Lagos.

The historic project, executed by the Central Bank of Nigeria (CBN) and the Bankers’ Committee as part of their commitment to giving back to the nation, marks a bold investment in Nigeria’s cultural heritage and creative future.

President Tinubu, who in July 2024 renamed the edifice the Wole Soyinka Centre for Culture and the Creative Arts in honour of the Nobel Laureate, will lead a distinguished gathering of state governors, members of the National Assembly, the diplomatic corps, captains of industry, academics, cultural ambassadors, and youth leaders.

In a joint statement, the CBN, the Bankers’ Committee, and the Federal Ministry of Arts, Culture and Creative Economy underscored the theatre’s reopening as both a celebration of Nigeria’s rich cultural legacy and a launchpad for its creative industries. While the renovation was financed and delivered by the CBN and the Bankers’ Committee, the Ministry’s partnership in programming, policy alignment, and stewardship of Nigeria’s cultural ecosystem ensures that the rejuvenated National Theatre will serve as a truly national asset.

The reopening will feature performances by the National Troupe and other leading artists, along with special remarks from Prof. Wole Soyinka. CBN Governor Olayemi Cardoso will deliver the welcome address, with goodwill messages from Lagos State Governor Babajide Sanwo-Olu and the Honourable Minister of Arts, Culture, Tourism, and Creative Economy, Hannatu Musawa.

Upgrades to the facility meet the highest global standards for theatre and performance. Key improvements include a completely overhauled HVAC system, enhanced fire safety measures, new electrical, water, and sewage systems, advanced audio-video-lighting technology, world-class stage engineering, 17 new passenger lifts, solar power integration, refurbished interiors and furniture, and the restoration of historic artworks across the façade and interiors.

Ahead of the inauguration, CBN Governor Olayemi Cardoso noted: “This is not just an edifice; it represents our history and culture. The transformation of this landmark into a world-class facility is a testament to the Nigerian spirit.”

Governor Sanwo-Olu added: “The Wole Soyinka Centre for Culture and the Creative Arts (National Theatre) will not only showcase arts, tourism, and culture, but will also serve as a world-class venue for global conferences and performances.”

Minister Hannatu Musawa described the project as “a gift to the nation and a source of pride. The successful renovation of the National Theatre marks a milestone in our collective effort to preserve cultural assets while creating new opportunities for the creative industry.”

Originally constructed under the Yakubu Gowon military regime and completed in 1976 under General Olusegun Obasanjo, the National Theatre famously hosted FESTAC ’77, the Second World Black and African Festival of Arts and Culture. With this transformation, it now stands ready to host the next era of Nigeria’s cultural and creative renaissance.

NEM Insurance Chairman, Tope Smart, Receives NAIPE Award, Pledges Continuous Commitment to Market Growth

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The Chairman of NEM Insurance Plc, Mr. Tope Smart has applauded the Nigerian Association of Insurance and Pension Editors (NAIPE) for giving him Award of Excellence.

Smart received the NAIPE Award of Excellence and Stewardship for the impact he has made in the insurance industry, not only in Nigeria but at the continental level as the Past President of the African Insurance Organisation (AIO).

Aside being the past Group Managing Director/CEO of NEM Insurance Plc, he was also the past Chairman of the Nigerian Insurers Association (NIA), among others.

In all these endeavours, Smart distinguished himself as an exceptional operator, a friend and supporter of insurance journalists.

While receiving the award in his office, Smart said the accolade is a message for him to do more to ensure that the insurance industry takes its rightful place in the national economy and discourse.

“I have a personal philosophy that what is worth doing is worth doing well. What shaped my perception was the derogatory image our Head of Department in the university created about insurance companies in Nigeria then. He had highest regard for foreign insurers and disregarded the local ones. From that moment, I decided that I must make a difference. So, when I joined the industry, I tried my best to be able to change the narrative. The NEM building on Ikorodu road was built without any bank loan to the glory of God and it has become the envy of others.”

While appreciating every member of NAIPE, he said he and the Group have come a long way together.

“I run a business and I know it’s not easy to run a business.  So, for you guys, especially, those who run their media platforms to be there with tenacity, despite all the struggles in the business operating environment and still making a difference, it is commendable and I will continue to support your projects in a joint effort to develop the insurance industry.”

On her part, the Chairman of NAIPE, Mrs. Nkechi Naeche Esezobor appreciated the support and partnership of Mr. Tope Smart and his company, NEM Insurance over the years, saying the Group never took them for granted.

“This building (NEM Insurance) was what made many insurance companies to start making their buildings big. Every company coming in is looking at doing what NEM did because you have challenged them. Your efforts can never be in vain. As an Association, we feel it is good to recognise people when they are alive. We appreciate what you have done for the industry and we felt we needed to appreciate this feat in our 10th anniversary of organising our annual conference,” she noted.

Meanwhile, the Chairman, 2025 NAIPE Annual Conference, Mr. Roland Okoro said Mr. Tope Smart ticked all the boxes when assessing the personalities to be awarded, calling on him not to rest on his oars towards deepening insurance acceptance, penetration and recognition.

WAICA Confab to Explore Climate Change Market Risk, Opportunities

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The West African Insurance Companies Association (WAICA) Education Conference scheduled for October 12-15, 2025 in Lagos will explore climate change risks and opportunities for insurers in the West African region under the theme: The West African Insurer in the Face of Climate Change.

Mrs. Ebelechukwu Nwachukwu, the Chairperson of the Local Organising Committee (LOC), said in Lagos that over 250 delegates from across Africa are expected at the confab. She said the conference will explore the risks that insurers in the sub-region and Africa are exposed to and the readiness of the market to respond to such risks.

Nwachukwu, who is also the Managing Director/CEO of Rex Insurance Limited, described the confab as a landmark event to reinforce regional integration and co-operation in insurance business.

“This year’s conference, organised by the Nigerian Insurers Association (NIA) with the theme “The West African Insurer in the Face of Climate Change,” will bring together insurance practitioners, regulators, policymakers, and thought leaders representing countries across the West African sub-region. Member countries of WAICA, namely Nigeria, Ghana, Sierra Leone, Liberia, and The Gambia, will be represented, making the conference a truly regional platform for knowledge exchange, networking, and collaboration. The conference will provide a strategic platform for deliberations on the impact of climate change on the insurance industry, as well as actionable strategies to safeguard the future of insurance education and practice.”

She added that it is important for African insurers to engage in robust discussions on climate change, as the continent faces unique vulnerabilities such as extreme weather events, flooding, drought, and agricultural disruptions that directly impact businesses, communities, and livelihoods.

“For insurers, these challenges translate into rising claims, increased risk exposures, and the urgent need for innovative products and risk management strategies. By coming together at the WAICA conference, African insurers not only strengthen their collective preparedness but also position themselves to engage competitively with their global counterparts in shaping sustainable insurance practices and climate resilience solutions.”

The Honourable Minister of State, Ministry of Finance, Dr. Doris Uzoka-Anite will deliver the keynote address at the Opening Ceremony of the conference on Monday, October 13, 2025 while Mr. Olusegun Omosehin, Commissioner for Insurance, National Insurance Commission (NAICOM) is the Chief Host.

The LOC has equally assembled an array of eminent local and international insurance industry leaders, dignitaries, and technical experts who will speak on and critically dissect the theme and various sub-themes of the conference.

These include:

  • Abiba Zakaria, Ag. Commissioner of Insurance, Ghana
  • Wole Oshin, Group Managing Director, Custodian Investment Plc
  • Bockarie Kaloko, Deputy Minister of Finance, Republic of Sierra Leone
  • Tola Adegbayi, MD/CEO, Mutual Specialist

Following the paper presentations, three panel sessions will be held and chaired respectively by:

  • O.S. Thomas, Former Commissioner for Insurance, NAICOM
  • Alhaji Mohammed Kari, Former Commissioner for Insurance (NAICOM)/Wazirin, Bauchi
  • Olamipo Adeola, Head, Corporate Communication & Branding, Scib Nigeria & Co. Ltd.

Other programme highlights of the conference include:

  • Monday Evening Soiree – On 13 October 2025, Sponsored by Africa Reinsurance Corporation, at Eko Hotel & Suites.
  • Closing Dinner Ceremony – Tuesday, 14 October 2025 at Eko Hotel & Suites, sponsored by WAICA Reinsurance Corporation, at Eko Hotel & Suites.
  • Visit to Tourist Sites/ Departure – Wednesday, 15 October 2025.

The LOC has also put in place adequate arrangements for the transportation and security of foreign delegates and other participants at the conference to ensure a seamless and safe experience throughout their stay in Lagos.

The 2025 WAICA Education Conference promises to be a landmark event, reinforcing regional cooperation and highlighting the critical role of insurers in responding to climate challenges while offering delegates a unique opportunity to experience the dynamism of Lagos.

Stanbic IBTC Insurance Unveils Manifold Endowment Plan to Redefine Financial Security

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Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings has launched the Manifold Endowment Plan, an innovative blend of insurance and investment designed for Nigerians who want to protect what matters, grow their wealth, and enjoy peace of mind.

With life cover up to ₦1 billion, partial maturity payouts, and end-of-term bonuses, Manifold is for the modern Nigerian working hard today, planning boldly for tomorrow.

The Manifold Endowment Plan is uniquely designed for Nigerians aged 18 to 64, providing them with flexible policy durations ranging from six to fifteen years. At its core, it integrates death benefits, partial maturity bonuses, and accidental medical coverage, all while offering a structured avenue for individuals and families to plan, protect, and prosper.

The Nigerian insurance sector, though still underexplored, has seen remarkable growth, with industry revenues surging by 147% in the first nine months of 2024. Yet, with insurance penetration hovering around just 0.5% of GDP, the gap in uptake remains stark. Stanbic IBTC is tackling this head-on by introducing an offering that speaks to the everyday concerns of middle- and high-income Nigerians who seek value, reliability, and transparency in financial services.

Speaking on the launch, Akinjide Orimolade, Chief Executive, Stanbic IBTC Insurance, noted:

“The Manifold Endowment Plan is a response to Nigeria’s pressing need for accessible and rewarding insurance solutions. We are not just offering protection; we are empowering Nigerians to build financial resilience while preparing for the future. With Manifold, every premium is an investment in both peace of mind and real financial return.”

Manifold bridges the perception gap often associated with insurance. It assures Nigerians that even if the “worst” doesn’t happen, their money is never wasted. With premiums starting at just ₦10,000 monthly, policyholders can earn two 25% bonuses on their premiums while still receiving 100% of their chosen sum assured at maturity.

At its core, the Manifold Endowment Plan aligns with Stanbic IBTC Insurance’s broader mission: to help Nigerians secure today and prosper tomorrow. Whether it’s a young professional saving towards future goals, a parent building generational wealth, or a retiree seeking peace of mind, Manifold offers a tailored and transparent financial solution.

With the Manifold Endowment Plan, Stanbic IBTC Insurance is not only offering Nigerians a way to secure their futures, but it is also redefining what insurance can and should mean in today’s world.

 

 

 

 

AIICO Deepens Bond with Retirees, Holds Annuity Forum in Lagos, PH

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Mr. Gbenga Ilori, Head, Retail Business at AIICO, in an interactive session with annuitants at the forum.

AIICO Insurance Plc, Nigeria’s leading composite insurer, today hosted another successful edition of its Annuity Forum, a yearly engagement platform designed to strengthen ties with its annuity customers, listen to their feedback, and create opportunities for meaningful interaction.

This year marks a significant expansion of the Forum. For the first time since its inception, the event, traditionally held only in Lagos, is spreading its reach to other regions of the country. The Lagos edition sets the pace, with another scheduled to hold in Port Harcourt, Rivers State, targeting annuity customers in the South-South region.

The atmosphere at the Lagos event was lively and refreshing, with customers treated to a mix of business and leisure – including health checks, entertainment, quizzes, and refreshments, alongside constructive conversations on enhancing customer experience.

Speaking at the event, satisfied annuitants expressed their gratitude to AIICO for creating a platform that fosters connection and trust.

His Royal Majesty Oba Ogungbayi Akanni Wasiu, the Onitetiku & Oluowode of Ota, Ogun State, and a retired officer from the Ministry of Education, is one of AIICO’s delighted annuity customers who attended the event. Sharing his experience, he said: “I retired 15 years ago and started my annuity immediately after retirement. I have no regrets because AIICO has paid me every month without fail. I strongly recommend AIICO to anyone preparing for retirement because the company has been very consistent.

Mrs. Judith Chibuogwu, who retired as a Director of Nursing from Lagos University Teaching Hospital, began her annuity with AIICO earlier this year in March. Sharing her experience, she said: “It’s been wonderful. I took the advice to take on annuity with AIICO, and it has been an amazing experience with the steady, constant payments. Today’s event has also been very enlightening, especially the conversations around retirement life, health, and wellbeing. In fact, I’ve already started talking to my former colleagues who are still in service about AIICO’s annuity.”

The MD/CEO of AIICO Insurance Plc, Mr. Babatunde Fajemirokun, while welcoming the annuitants stated “This annual gathering is not just a meeting – it is a celebration of your achievements, resilience and the trust you have placed in us as your partner on life’s journey. You are not just clients – you are family. This forum is an opportunity to strengthen our bond, share updates on our industry and re-affirm the promises we have made to you.”

He addressed head-on the negative claims circulating online about the alleged mismanagement of annuity funds, stating “AIICO Insurance ensures that your funds are kept with pension fund custodians – that means there’s no individual within the AIICO team that has access to your funds. This is the case with all insurance companies in the annuity business.  – the funds are professionally managed in line with strict regulatory guidelines that have been provided”.

Mr. Gbenga Ilori, Executive Director, Retail Business Division, echoed the sentiment:

“Our business exists because of our customers, and we believe it is important to create avenues for physical interaction and engagement. These forums give us the opportunity to listen, respond to their questions, and hear their ideas on how we can serve them better. They have entrusted their pensions to us, and we consider it a sacred duty to always stay connected to them.

More and more people are placing their trust in AIICO for their annuity needs — today, we serve over 25,000 annuitants across the country, and the number keeps growing. This is why we are taking the forum beyond Lagos, with the South-South region as our next stop in a few weeks.”

With a large and growing number of annuitants nationwide and monthly disbursements of over N1.7 billion, AIICO Insurance has built a reputation as a leading player in Nigeria’s annuity market. The company continues to back this leadership position with unmatched customer service, strong financial performance, and innovative engagement platforms like the Annuity Forum.

The journey continues in Port Harcourt, where AIICO will bring the Annuity Forum experience to annuitants in the South-South. This marks the beginning of a broader mission to take the Forum across Nigeria’s geopolitical zones over time, ensuring that retirees everywhere can share in the warmth, interaction, and assurance that define our commitment. For AIICO, every retiree deserves not just timely income, but also a community that celebrates and supports them throughout their retirement journey.

About AIICO Insurance Plc

AIICO Insurance is a leading composite insurer in Nigeria, with a 60-year record of accomplishment in delivering quality service to its clients. Founded in 1963, AIICO provides life and general insurance, health insurance, and investment management services to create and protect wealth for individuals, families, and corporate customers.

 

Sovereign Trust Insurance Holds 30th AGM

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L-R: Eric Balogun, Independent Director, Emi Faloughi, Director, Kayode Adigun, Executive Director, Finance & Corporate Services, Oloruntomiloba Olagunju, Company Secretary, Abimbola Oguntunde, Chairman, Ugochi Odemelam, Executive Director, Marketing & Business Development and Shedrach Odoh, Director, Sovereign Trust Insurance Plc at the 30th Annual General Meeting of the Company held at the Baylounge on Admiralty Way, Lagos on Thursday, September 25, 2025.

Unity Bank Shareholders Approve Merger with Providus Bank

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EGM: From left: Mr. Usman Abdulkadir, Executive Director, Risk Management and Compliance; Mr. Sam Okagbue, Non-Executive Director; Hajiya Yabawa Lawan Wabi, Non-Executive Director; Alhaji Hafiz Mohammed Bashir, Acting Chairman; Mr. Ebenezer Kolawole, Managing Director/CEO (Ag.); Prof. Iyabo Obasanjo, Non-Executive Director; Hajiya Halima Babangida, Non-Executive Director; and Mr. Alaba Williams, Company Secretary during the court-ordered meeting of Unity Bank Plc on the proposed merger with Providus Bank. 

Shareholders of Unity Bank Plc have approved the proposed merger with Providus Bank Limited, marking a major milestone in the business combination of the two financial institutions.

At the Court-Ordered Meeting held on September 26, 2025 in Abeokuta, Ogun State, 295 shareholders participated and deliberated on all items in the Scheme of Merger. Of these, 293 shareholders representing 99.32% of total shareholding (₦4.4 billion in value) voted in favour of the resolutions, while 2 shareholders representing 0.68% voted against.

As part of the Scheme Consideration, Unity Bank shareholders will receive ₦3.18 per share or be allotted 18 ordinary shares of ₦0.50 each in Providus Bank Limited (credited as fully paid) for every 17 ordinary shares of Unity Bank Plc held. Upon completion, Unity Bank’s entire share capital will be cancelled, and the Bank dissolved without winding up, while Providus Bank Limited will retain its certificate of incorporation as the enlarged bank.
Speaking on the development, Chairman of Unity Bank Plc, Hafiz Mohammed Bashir, said: “This approval by our shareholders is a strong vote of confidence in the merger and what it represents for the future. By joining forces with Providus Bank, we are creating a stronger, more competitive, and more resilient institution that will deliver long-term value to our customers, shareholders, and the Nigerian economy.”

He stated that the new name of the enlarged entity shall be Providus-Unity Bank (PUB) to reflect the core loyalty present in the vast northern market.
The Chairman clarified to the shareholders during the Court-ordered meeting that the NGX lifted the suspension of trading of Unity Bank shares on the floor of The Exchange on 25th September 2025, with a remarkable crossing of 4.004Billion units of AMCON shares (representing 34% of issued shares of Unity Bank Plc) to an existing shareholder of Unity Bank and not to Providus Bank.
Shareholders also authorised the Bank’s Directors and Solicitors/Transaction Advisers to seek the necessary Court orders and take all required actions to give full effect to the Scheme.
Analysts commend the shareholders for endorsing the merger to pave the way for the emergence of a financial powerhouse anchored on strong market positioning with the capacity to take on the competition on the strength of both traditional and modern digital Banking.

 

 

NNPCL: Ogoni Re-entry is a Beacon of Reconciliation through Collaboration

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The re-entry into Ogoniland marks a historic turning point for Nigeria — not just in terms of oil production, but more broadly, this milestone reflects the spirit of President Bola Ahmed Tinubu’s Renewed Hope Agenda, which commits to building a stronger country, attracting responsible investment, and ensuring that community development is at the heart of national progress.

Speaking during the presentation of the Ogoni Consultations Report at the State House in Abuja on Wednesday, President Tinubu acknowledged that the Ogoni people have endured long years of pain, and that this re-entry reflects the government’s recognition of their sacrifices.

“We are not, as a government, taking lightly the years of pain endured in Ogoniland. We recognise that, otherwise we would not be here today…We declare with conviction that hope is here and is back with us,” the President said.

The Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, echoed the President’s sentiments, calling the development a re-affirmation of the company’s unwavering commitment to the Ogoni re-entry plan and a bold step towards justice, healing, and national prosperity. He emphasized that the re-entry demonstrates that Nigeria can confront its past, honour the sacrifices of its communities, and forge a new path with a vision of prosperity and justice for all.

“The re-entry into Ogoniland is not just about oil and gas. It is about justice, healing, and charting a new future for our nation,” Ojulari said.

Ogoni re-entry can be seen as both a test and an opportunity for the country. It demonstrates that equity can exist in national development, and oil can co-exist with environmental stewardship and inclusive nation-building. This milestone is a practical example of how President Tinubu’s Renewed Hope Agenda translates into reality by strengthening our country, creating conditions for responsible investment, while prioritising the prosperity of host communities.

Ojulari acknowledged the pivotal leadership of the National Security Adviser, Mallam Nuhu Ribadu, in convening a committee that brought diverse stakeholders together, creating the platform for dialogue and consensus that made this breakthrough possible. He also praised the work of Professor Don Baridam and members of the Presidential Committee, who engaged tirelessly and transparently with all relevant parties to produce a report that tells a story of fairness and inclusivity that will ultimately bring closure and renew hope for the Ogoni people and all Nigerians.

“The lesson is that this journey cannot be driven solely by production volumes. It must be anchored on justice, equity, sustainability, and most importantly, collaboration with the very people whose land bears this wealth,” he stated.

To that end, Ojulari was categorical that in resuming operations in Ogoni, NNPC Ltd will continue to build trust by prioritising community engagements with key stakeholders, investing in infrastructure, and empowering local enterprise.

He confirmed that NNPC has already began initiatives in road construction, infrastructure upgrades, and economic empowerment programs designed to rebuild trust and demonstrate accountability in an inclusive manner. “NNPC Ltd is determined to transform Ogoniland from a symbol of conflict into a beacon of reconciliation, renewal, and sustainable progress,” he concluded.

In his remarks, the National Security Adviser, Mallam Nuhu Ribadu, echoed the general sentiments that sustainable progress is possible and proven through collaboration with all parties concerned. He said the report was the outcome of an intensive, methodical, and transparent engagement, while Professor Baridam, on behalf of the Committee, thanked the President for his unwavering commitment to the well-being of the Ogoni people, stressing that through diplomacy and relentless insistence on dialogue, host community trust was earned, and hope restored.

This restored hope is also a message for the international community— Ogoni re-entry is more than a Nigerian milestone. It is a classic example of how a resource-rich nation like Nigeria can reconcile environmental protection with energy security. By placing community benefit at the centre, Nigeria is rewriting the global playbook on how oil and gas operations can co-exist with local aspirations, sharing a global example of how energy development can be reconciled with environmental protection and community inclusion.

For Nigeria, it signals progress is being redefined as a partnership between government, industry, and the people.

NLNG, NCDMB Celebrate 122 Graduates of Train 7 HCD Training Program

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NLNG in collaboration with the Nigerian Content Development and Monitoring Board (NCDMB), on Friday achieved a major milestone in the Nigerian Content development commitment, with the close-out of Train 7 Project Human Capital Development (HCD) Advanced Training Programme, at the plant complex in Finima – Bonny Island. The training ends officially on 30th September 2025 with the departure of the trainees from its plant facility in Bonny Island.

The HCD programme, run under the guidance of the NCDMB, is a Federal Government Initiative to build capacity for the oil and gas industry and fulfil the Nigerian Oil and Gas Industry Content Development (NOGICD) Act’s requirement on human capital development.

A total of 122 trainees, having completed prior HCD Basic Training Programmes, were approved by the NCDMB, to participate in the rigorous three month on the job training (OJT) within NLNG facilities, covering both graduate and vocational categories. The training programme focused on development of technical expertise in plant and facility management, amongst other competencies, and has positioned the trainees to take advantage of future opportunities within the oil and gas industry.

Speaking at the ceremony, the NLNG Train 7 Project Director Engr. Ali Uwais, represented by Engr. Joshua Anemeje, the NLNG Train 7 Project Corporate Liaison Manager, described the advanced training programme as a testament of the resilience, discipline, and growth of the trainees. He congratulated the trainees for their commitment to excellence and urged them to take advantage of future opportunities within the oil and gas industry.

“This programme is about building a new generation of Nigerian professionals who will shape the oil and gas sector for decades to come. Its successful completion with a zero-incident safety record reflects not only your dedication but also NLNG’s uncompromising culture of ‘Safety First and Always’, and its operational excellence”, Joshua said.

He further commended the role of NCDMB as a strategic partner in driving Nigerian Content targets and capacity development in the industry. He also commended the training partners, Candix Engineering Nigeria Limited, AOS Orwell, Arco Marine and Engineering Limited, Dover Engineering and Amaiden Energy Nigeria Limited, who ensured the trainees got a world class OJT experience and HR management.

“Today is proof that strategic collaboration delivers impact. Through our collaboration with NCDMB and our training partners, we are shaping the future by investing in people, strengthening capacity, and laying the groundwork for sustainable national prosperity.” He added.

Joshua encouraged the graduates to leverage their skills to create value in Nigeria’s energy sector and beyond. He added that the investment in building their skills was made by the Federal Government of Nigeria via the NLNG Train 7 Project Human Capital Development Programme for which they are expected to take maximum advantage.

In his comments, the NCDMB’s General Manager, Human Capital Development (HCD), Esueme Dan Kikile, Esq, expressed delight on the conclusion of the training programme, which produced a pool of skilled and globally competitive workforce, knowledgeable in key areas such as instrumentation, electrical, mechanical, lifting and rigging activities, and fabrication, preventive and corrective maintenance, and can compete globally in the oil and gas industry and its linkage sectors. In addition, the programme is another important milestone in the collective journey towards building a skilled Nigerian workforce for the oil and gas industry and its linkage sectors.

Kikile described Train 7 Project as one of the largest gas infrastructure developments in Africa, noting that it not only created jobs but also provided a platform to groom young Nigerians with advanced technical and managerial competencies.

“This training provided hands-on experience on a live LNG project that complimented your academic and theoretical knowledge. This training further exposed trainees to specialized advanced technical disciplines, project management, health and safety, and emerging technologies critical to the future of the industry,” he added.

‘It is my delight to note that twenty-seven (27) have received special recognition awards for their aptitude during the programme, out of which six (6) who were very exceptional have been offered automatic employment by AOS Orwell, one of the training partners’, he said.

He charged the trainees to utilize the rare skills they have acquired to contribute meaningfully to the Nigerian oil and gas industry and national economy, and serve as good ambassadors of the programme, contributing meaningfully to Nigeria’s industrial growth.

He lauded the NLNG and all other partner companies for their unwavering commitment to Nigerian Content development, referencing several other initiatives the Board is partnering NLNG to deepen local content implementation in the Nigerian oil and gas industry.

Awards were also presented to all the deserving trainees as part of the programme.