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2025: A YEAR OF CONSOLIDATION- INFORMATION MINISTER HIGHLIGHTS ACHIEVEMENTS OF PRESIDENT TINUBU’S ADMINISTRATION

2025: A YEAR OF CONSOLIDATION- INFORMATION MINISTER HIGHLIGHTS ACHIEVEMENTS OF PRESIDENT TINUBU’S ADMINISTRATION

 

 

The Honourable Minister of Information and National Orientation, Muhammed Idris fnipr , has declared 2025 as a pivotal year of consolidation for President Bola Ahmed Tinubu’s administration, aimed at building upon the significant achievements recorded in the first 19 months of governance.

During a Ministerial Press Briefing held in Abuja, Minister Idris emphasized the importance of reflecting on these accomplishments as the administration approaches its mid-term. He stated, “This inaugural briefing for 2025 serves as a reminder of our progress and the context in which these gains are being realized.”

The Minister outlined key areas of achievement under President Bola Ahmed Tinubu’s leadership, including:

1. Fiscal, Macroeconomic, and Legislative Reforms:

• Fuel Subsidy Removal: This strategic move has plugged financial leakages amounting to hundreds of billions of Naira annually.
• Foreign Exchange Transparency and Stability: The introduction of the Electronic Foreign Exchange Matching System (EFEMS) has led to unprecedented stability in the FX market, clearing billions of dollars in backlogs and boosting foreign investment. The Naira recently reached an eight-month high in the official market.
• Oil and Gas Reforms: In 2024, Nigeria became the most attractive destination for oil and gas investments in Africa, securing over $5 billion in Final Investment Decisions (FIDs).
• Electricity Act: The 2024 Electricity Act provides a framework for state governments to establish regulated electricity markets, following a constitutional amendment.
• Local Government Autonomy: A landmark Supreme Court ruling in July 2024 empowered local governments with unprecedented financial autonomy, with an Inter-Ministerial Committee established to ensure compliance.

2. Targeted Interventions:

• Students Loan Fund: Over 169,000 students have benefited from NELFUND, receiving N32.8 billion for school fees and upkeep.
• Regional Development: New Development Commissions have been established for the North-Central, South-East, and North-West regions, alongside the creation of a Federal University of Environmental Technology.
• Healthcare Initiatives: The Federal Executive Council recently approved $1.07 billion from the World Bank for health programs, including targeted subsidies for cancer patients.
• Passport Reforms: A backlog of over 200,000 international passports was cleared within three weeks in 2024.
• Compressed Natural Gas: An investment of over $450 million has been made to develop Nigeria’s CNG value chain.

3. Infrastructure Development:

Under President Tinubu’s leadership, Nigeria has become a hub of construction activity. Recent approvals from the Federal Executive Council include over 2.5 trillion Naira for various road projects, including:

• N1.334 trillion for the Lagos-Calabar Coastal Highway.
• N470.9 billion for access roads to the Second Niger Bridge.
• N195 billion for the Lagos-Ibadan Expressway reconstruction.

4. Defence and Security:

In 2024, security forces neutralized over 8,000 terrorists and bandits, rescued 8,000 kidnap victims, and established a Multi-Agency Anti-Kidnap Fusion Cell in collaboration with the UK’s National Crime Agency.

5. Food Security:

The establishment of a Ministry of Livestock Development aims to tap into a multi-billion-dollar agricultural opportunity, contributing to significant drops in grain prices.

2025 Budget Overview:

On December 18, 2024, President Tinubu presented a proposed budget of N49.7 trillion, later increased to N54.2 trillion due to additional revenue projections. The budget, termed the “Budget of Restoration,” prioritizes:

• Security: N4.91 trillion
• Infrastructure: N4.06 trillion
• Education: N3.52 trillion
• Health: N2.48 trillion

Minister Idris concluded by asserting that the bold initiatives of President Tinubu are fostering greater fiscal capacity, a reformed tax regime, and improved living standards for Nigerians through various support programs.

“We are witnessing a transformative era, where hope is being renewed for all Nigerians, regardless of age or gender, across the nation,” he added

 

Anambra South Concerned Citizens Petition INEC Over Senate Vacancy

Anambra South Concerned Citizens Petition INEC Over Senate Vacancy

 

The Anambra South Concerned Citizens, led by Engr. Ikechukwu Nwosu, Convener of the Anambra South Concerned Citizens movement, have formally petitioned the Independent National Electoral Commission (INEC) and the National Assembly, demanding urgent action to fill the vacant senatorial seat in their constituency.

In a strongly worded letter addressed to the INEC Chairman, with copies sent to the Senate President, the Clerk of the National Assembly, and traditional institutions within the constituency, the group expressed deep dissatisfaction over the prolonged vacancy following the passing of their late Senator, Dr. Patrick Ifeanyi Ubah, who died on July 27, 2024.

Highlighting the implications of the delay, the petitioners noted that Anambra South, which comprises seven local government areas—Nnewi North, Nnewi South, Aguata, Orumba North, Orumba South, Ihiala, and Ekwusigo—has been without representation in the Senate for over 180 days. They described the situation as a gross disenfranchisement of their people, an act of political negligence, and a blatant disregard for democratic principles.

Speaking on the matter, Engr. Ikechukwu Nwosu stated, “This has been far more than one hundred and eighty (180) days since the unfortunate passing of our distinguished Senator, Dr. Patrick Ifeanyi Ubah. The people of Anambra South have been left without a voice in the Senate, and we can no longer condone this impunity. We will not accept another four months without a representative at the Red Chambers. This political carelessness must stop.”

Engr. Nwosu further emphasized the far-reaching consequences of the prolonged vacancy, warning that it has left the region voiceless on crucial national matters. “Without a senator to represent us, the voices of Anambra South remain unheard on key national issues, including budgetary allocations, legislative deliberations, and policies that impact our region. This is a deliberate political exclusion that should not be tolerated. We have waited long enough, and we demand action. The electorate of Anambra South must be given their democratic right to choose a new representative without further delay,” he said.

Expressing the growing frustration of the people, Nwosu described the situation as “a dangerous precedent that undermines democracy and fair representation.” He added, “This is not just about politics; this is about governance and accountability. Our people deserve to have a voice in shaping policies and decisions that affect their lives. The continuous delay in holding a by-election is an outright violation of our rights.”

The group called on INEC and the National Assembly to act swiftly in conducting a by-election to fill the vacancy, stressing that Anambra South must regain its place in national legislative affairs. They urged the authorities to uphold democratic principles and ensure that the constituency is no longer left without representation.

As the demand for immediate action intensifies, political observers are keen to see how INEC and the National Assembly will respond to the mounting pressure from the electorate in Anambra South. The petitioners have also hinted at possible legal action should the authorities fail to address their demands in a timely manner.

With rising concerns over governance gaps in the constituency, residents and stakeholders have begun mobilizing support to amplify their call for action, signaling a heightened wave of advocacy that could shape the political landscape of Anambra South in the coming months.

Keystone Bank Becomes Fully Owned by Federal Government Following Landmark Court Ruling

Keystone Bank Becomes Fully Owned by Federal Government Following Landmark Court Ruling

 

In a significant legal development, the Lagos State Special Offences Court, sitting in Ikeja, has ordered the forfeiture of all shares previously held by the former owners of Keystone Bank Limited, effectively transferring full ownership of the bank to the Federal Government of Nigeria.

The ruling, delivered on Tuesday, February 11, 2025, marks the culmination of a legal battle over the acquisition of the bank by its previous shareholders—Sigma Golf Nigeria Limited and Alhaji Umaru H. Modibbo. This follows a series of regulatory actions taken by the Central Bank of Nigeria (CBN) to address governance concerns within the financial institution.

Background of the Case

The ownership dispute dates back to January 10, 2024, when the CBN announced the dissolution of Keystone Bank’s Board and Management, citing breaches of corporate governance. In response, the Federal Government, through the Economic and Financial Crimes Commission (EFCC), initiated legal proceedings at the Lagos State High Court, Ikeja, to challenge the legitimacy of the bank’s acquisition by its former shareholders.

After months of legal deliberations, the court ruled in favor of the Federal Government, ordering the forfeiture of the bank’s shares held by the former owners. This decision now solidifies the government’s control over the bank, ensuring a new phase of stability and oversight.

Implications for Keystone Bank

With this judgment, Keystone Bank is now fully under the ownership of the Federal Government, providing a clear path for its recapitalization and long-term financial health. The bank has assured its customers, investors, and stakeholders that this transition will not affect its operations but will instead strengthen its stability and growth prospects.

Keystone Bank has reaffirmed its commitment to maintaining a strong financial position, fulfilling all regulatory obligations, and ensuring customer confidence in its services. The institution remains focused on enhancing its balance sheet, forging strategic partnerships, and driving profitability.

“We want to reassure our customers and stakeholders that Keystone Bank remains safe, stable, and resilient. This development further strengthens our financial standing and enables us to continue delivering value-driven banking solutions,” the bank stated in an official communication.

Next Steps and Future Outlook

As Keystone Bank embarks on this new phase under government ownership, industry analysts anticipate that the move will create opportunities for enhanced restructuring, potential capital injection, and long-term sustainability. The bank’s management has pledged to work closely with regulators to ensure smooth operations and uninterrupted service delivery.

Keystone Bank continues to prioritize customer satisfaction, innovation, and regulatory compliance, positioning itself for a new era of growth in Nigeria’s banking sector.

For more information, visit: www.keystonebankng.com.

Make home security evaluation part of the home buying checklist

Make home security evaluation part of the home buying checklist

A security checklist for your prospective home

 

When searching for a new home, location, size, and price are key considerations – but security should be just as important. Before making a final decision, prospective buyers should conduct a thorough security evaluation, assessing both existing security features and potential risks. Identifying vulnerabilities before signing on the dotted line can save homeowners time, money, and stress in the long run.

For most South Africans, home security is a non-negotiable priority, whether the house is free standing or part of a gated community or complex.

“No home is entirely immune to break-ins or theft,” says Damian Judge, Sales and Marketing Executive at Trellidor. “Assessing security before purchasing a property can help homeowners avoid costly retrofits and unexpected vulnerabilities.”

Once you have established that a house suits your needs and budget – it has the right number of bedrooms and bathrooms, the kitchen can accommodate your culinary skills and entertaining schedule, there’s a garden for children and pets, plus a pool and off-street parking, it’s time to conduct a security evaluation. Look beyond aesthetics and assess the security measures already in place.

“Retro-fitting shutters and burglar bars can be expensive and may even require some structural alterations to accommodate them, so if there is nothing already in place, you will need to add security installations to your budget,” says Judge. “Alternatively, if security isn’t up to scratch, negotiate on the selling price based on the cost to you of mitigating any potential security risk to you and your family.”

Start your security evaluation by taking a walk through the house and examining doors and windows to assess the vulnerability of access points. If windows are accessible from the ground, are they protected by burglar bars or similar barriers? If they are, have they been properly installed and maintained? Are they well anchored, not fixed into soft wooden frames, and are they free of rust and corrosion that could weaken them? Ensure that all locking mechanisms are working and that the current owners have keys to all windows, doors and shutters that open. Additionally, sliding doors are a common security weak point – if the house has sliding doors, check whether they have reinforced locks or security bars to prevent forced entry.

Gates and fencing matter with regards to a property’s visibility from the street and its exposure to passers-by. Is the house’s perimeter adequately protected with a wall or fence that will deter intruders? Keep in mind that criminals often target homes with high, solid walls because they block visibility from neighbours. A combination of fencing and visibility, such as palisade fencing with an electric fence, can offer better security.

“Neighbourhood watches and local security companies are a good source of information around crime trends in the suburb, which you should research before signing your purchase agreement,” recommends Judge.

Whilst you’re checking the perimeter of the house, look for blind spots; whether the house is adjacent to any disused land, parks or spruits which provide easy access or escape routes for criminals. If there are no external beams, outside lights or security cameras, ask a security company to quote, but remember to take the costs versus the seller’s asking price into consideration.

“In the event that a property’s wall is breached, the built-in security measures in the house become the last line of defence against criminals, and ensuring that you and your family can enjoy your new home with peace of mind is critical,” says Judge.  A well-secured home should have multiple layers of protection, making it difficult for intruders to move through the property undetected. These features should be strategically placed based on the layout and risk areas of the home. Expanding security gates, fixed burglar guards, louvre shutters, and mesh screens provide essential barriers for doors and windows, reducing entry points for criminals. By incorporating layered security measures, homeowners can create multiple obstacles for intruders, increasing the likelihood of detection and response before any real damage occurs.

Before committing to a purchase, consider a professional security assessment to identify potential vulnerabilities and ensure your home has the right protective measures in place. “Suitability and aesthetics as well as strength all play a role in the selection of a security product or installation,” says Judge whose company offers a no obligation consultation to assess the level and effectiveness of security installations of any home you might consider buying.

Your dream home is not a dream home if it doesn’t offer both comfort and security. Prioritising safety during the house-hunting process ensures you make an informed decision, rather than being swayed by aesthetic features like a sparkling pool or spacious built-in cupboards – because none of these will keep you safe at night.

Ends.

About Trellidor

Trellidor is a proudly South African company specialising in the manufacturing and distribution of security gates and window burglar proofing. Since the development of the original steel trellis-style sliding gate in the 1970s, Trellidor has expanded its product range to include internationally certified industrial-grade gates for high-security public spaces, including one of the strongest models in the world. The product line also features contemporary solutions such as see-through security screens, sliding gates in both aluminium and steel, aluminium louvre shutters, aluminium roller shutters, polycarbonate bars, and various window burglar-proofing styles.

Trellidor’s extensive franchise network ensures that products are shipped and installed professionally, providing personal service from experts familiar with local safety and security challenges. With over 70 skilled franchise teams throughout South Africa, Trellidor addresses crime concerns both locally and internationally, operating 54 franchises in 27 countries, including locations in Africa, the United Kingdom, Israel, several European countries, and Australia.

FX Volatility Risk: Why Nigerian Businesses Must Be Cautious When Borrowing in Foreign Currency

FX Volatility Risk: Why Nigerian Businesses Must Be Cautious When Borrowing in Foreign Currency

By Anayo Nwosu

In a rapidly evolving economic landscape where currency fluctuations have become the norm, Nigerian businesses are constantly weighing their financing options. One of the biggest dilemmas faced by companies is whether to borrow in foreign currency or stick to naira-denominated loans. While foreign currency loans often come with significantly lower interest rates, they carry a hidden danger—FX Volatility Risk—which has led to the downfall of many companies.

The Temptation of Foreign Currency Loans

Imagine a manufacturing company in Nigeria that wants to expand by acquiring new machinery from an overseas supplier. The cost of this machinery is $1,000,000, and the foreign supplier agrees to ship the equipment with a one-year payment plan, provided a Nigerian bank issues a confirmed letter of credit as a guarantee. The loan comes with an attractive 7% annual interest rate, much lower than naira-denominated loans, which range from 19% to 32% per annum.

At first glance, this foreign credit arrangement seems like a great deal. However, the real challenge lies in how the company intends to repay the loan. If the company does not earn in foreign exchange (FX), it will have to buy dollars with naira at the prevailing exchange rate—a rate that has been consistently rising.

Who Can Safely Borrow in Foreign Currency?

Foreign currency loans are only advisable for businesses that generate FX revenue. These include:

  • Export-Oriented Manufacturers – Companies that export goods and receive payments in USD or other foreign currencies can safely borrow in FX, as their earnings match their liabilities.
  • Commodities Exporters – Those trading in oil, solid minerals, agricultural products, and processed goods can comfortably service foreign loans.
  • Freight and Logistics Companies with International Clients – Firms that bill clients in dollars or other foreign currencies are also in a better position to repay FX loans.

For example, companies that convert scrap metal to billets for export can handle foreign loans because they earn revenue in USD. Their income stream shields them from naira depreciation, ensuring that their loan repayment obligations remain constant in their earning currency.

Why Foreign Currency Loans Can Be a Trap for Many Businesses

Many Nigerian businesses that borrowed in FX without earning in foreign exchange have found themselves in dire financial straits. The major risk is the ever-rising exchange rate, which significantly increases the naira amount required to service dollar-denominated debt.

Consider this scenario:

  • A company takes a $10 million loan when the exchange rate is ₦430 per dollar.
  • The naira depreciates to ₦1,270 per dollar within months.
  • The company now needs ₦12.7 billion instead of ₦4.3 billion to settle the same debt.

This is the devastating effect of FX Volatility Risk—a financial hazard that arises when a company’s liabilities in foreign currency grow uncontrollably due to currency depreciation. Many Nigerian manufacturers, airlines, and logistics firms have collapsed under this burden.

Expert Recommendations for Nigerian Businesses

Given the current economic realities, financial analysts strongly advise businesses to take proactive measures to avoid FX Volatility Risk. Here are key recommendations:

1. Never Borrow in Foreign Currency Unless You Generate FX Revenue

If a company does not earn in foreign currency, it should avoid foreign currency loans at all costs. No matter how low the interest rate appears, the unpredictable exchange rate fluctuations can turn a seemingly affordable loan into an insurmountable financial crisis.

2. Convert All Foreign Currency Exposures to Naira Immediately

Businesses that already have foreign currency liabilities should hedge their risks by converting their obligations to naira. The cost of borrowing in naira—even at 19% to 32% interest rates—is far more predictable than the uncertainty of a rapidly depreciating naira against the dollar.

3. Only Consider FX Loans When the Exchange Rate Becomes Stable

Foreign borrowing may become an option only if Nigeria’s exchange rate stabilizes. Until then, taking on FX debt is an unnecessary gamble that could wipe out a company’s financial reserves.

Final Thoughts

The Nigerian economy has witnessed the adverse effects of FX Volatility Risk firsthand. Many companies—especially in the manufacturing and logistics sectors—have folded due to their inability to manage escalating FX debt. Businesses must be strategic in their financing choices, ensuring that any debt obligations are aligned with their revenue streams.

For now, the safest path for businesses that do not earn in FX is to steer clear of foreign currency loans and seek alternative financing solutions. The risks are simply too high in the current economic climate.

Dr. ‘Bosun Tijani Unveils The Reuse Lab: A Game-Changer for Digital Inclusion in Nigeria

Dr. ‘Bosun Tijani Unveils The Reuse Lab: A Game-Changer for Digital Inclusion in Nigeria

 In a groundbreaking effort to bridge Nigeria’s digital divide and promote sustainable technology use, Dr. ‘Bosun Tijani, Minister of Communications, Innovation, and Digital Economy, has announced the launch of the ‘Bosun Tijani Foundation – The Reuse Lab. The initiative is designed to provide underserved communities, particularly students, with access to digital devices by aggregating, refurbishing, and redistributing previously used laptops, tablets, and mobile phones.

Empowering Young Nigerians Through Technology

The Reuse Lab is kicking off with a pilot program that will see 70 refurbished laptops distributed to secondary school students across Nigeria. Recognizing the role of technology in shaping the future, Dr. Tijani stated that the initiative is focused on ensuring that young, talented Nigerians—who may otherwise lack access to essential digital tools—are not left behind in the rapidly evolving digital economy.

To qualify for a laptop, interested secondary school students are required to submit an essay detailing why they deserve to receive the device. The Minister highlighted that the selection process will be based on originality, creativity, and a clear vision for the future, while also cautioning against the use of AI-generated content. He encouraged students to express their passions, aspirations, and personal stories, emphasizing that this initiative is about more than just handing out devices—it’s about identifying and nurturing future leaders and innovators. Essay submissions can be made through the official portal: https://b.link/Reuse-Lab.

Dr. Tijani highlighted that the impact of digital access goes beyond individual empowerment—it has the potential to transform entire communities by fostering education, skills development, and economic participation. He emphasized that giving students access to personal computers will not only enhance their academic performance but also introduce them to digital skills, coding, and opportunities in Nigeria’s growing tech ecosystem.  graphical user interface, website

A Sustainable Approach to Digital Inclusion

Beyond addressing digital accessibility, The Reuse Lab aligns with broader environmental sustainability efforts. By refurbishing and repurposing used devices instead of allowing them to go to waste, the initiative promotes responsible e-waste management and reduces the environmental footprint of discarded electronics.

Dr. Tijani highlighted that the impact of digital access goes beyond individual empowerment—it has the potential to transform entire communities by fostering education, skills development, and economic participation. He emphasized that giving students access to personal computers will not only enhance their academic performance but also introduce them to digital skills, coding, and opportunities in Nigeria’s growing tech ecosystem.

A Call for Corporate and Institutional Support

The success of The Reuse Lab depends on collaborative efforts from both the public and private sectors. Dr. Tijani made an open call to corporate organizations, government agencies, and individuals willing to contribute to this cause by donating previously used laptops, tablets, and smartphones. These donated devices will be refurbished and distributed to deserving students and young professionals who lack access to digital tools. Interested donors can express their support by reaching out via foundation@tijani.co.

Acknowledging the early contributions to the initiative, the Minister expressed his gratitude to the British Council and Co-Creation Hub, who have provided the first 70 devices for the pilot phase. Their support, he noted, sets a precedent for other organizations to follow in ensuring that no young Nigerian is deprived of the opportunities that come with digital access.

Shaping the Future of Nigeria’s Digital Economy

As Nigeria continues to push for a more inclusive digital economy, initiatives like The Reuse Lab are critical in closing the technology gap between privileged and underserved communities. With a growing emphasis on digital literacy, innovation, and sustainable technology, the project stands as a transformative step towards building a digitally empowered generation.

Dr. Tijani reaffirmed his commitment to ensuring that more students and young entrepreneurs are equipped with the tools they need to succeed in a digital-first world. “By adopting innovative and sustainable solutions, we can unlock Nigeria’s vast human potential, empowering millions with the resources needed to thrive in the global digital economy,” he said.

With the launch of The Reuse Lab, Nigeria takes another bold step towards a more connected and digitally inclusive future—one refurbished device at a time.

Peter Obi Engages Indonesian Leaders on Governance and Economic Transformation

Peter Obi Engages Indonesian Leaders on Governance and Economic Transformation

Nigerian public figure and presidential hopeful Peter Obi has continued his engagements in Indonesia, holding high-level discussions with key political and economic leaders to gain insights into the country’s development strategies. His visit on February 3rd and 4th included meetings with top government officials who played significant roles in Indonesia’s economic transformation under Presidents Susilo Bambang Yudhoyono and Joko Widodo.

Obi’s discussions began with Agung Laksono, a former Minister, former Coordinating Minister of the Economy, and a former member of Indonesia’s Presidential Advisory Board. Laksono provided Obi with valuable insights into the governance strategies that shaped Indonesia’s rapid development, emphasizing the importance of strategic planning, disciplined execution, and a focus on measurable progress across key sectors.No alt text provided for this image

He later met with Muhammad Jusuf Kalla, the former Vice President of Indonesia, who holds the unique distinction of serving under two different presidents. Kalla highlighted how decisive leadership and a focused commitment to economic transformation enabled Indonesia to achieve simultaneous development across multiple sectors. His remarks underscored the critical role of political will and strategic execution in national growth.

Obi also held discussions with Yandri Susanto, Minister of Villages and Development of Disadvantaged Regions, who outlined Indonesia’s structured approach to rural development under President Joko Widodo. He detailed how the government has made significant progress in improving education, healthcare, and support for micro and small businesses in rural areas. Through a framework that categorizes villages from underdeveloped to self-sufficient, the ministry ensures targeted interventions that drive inclusive growth. The integration of municipal and traditional leaders into the governance structure has further strengthened Indonesia’s grassroots development.

Reflecting on his engagements, Obi emphasized that Nigeria can achieve similar inclusive and sustainable growth by adopting structured, data-driven policies centered on rural development, industrialization, and economic diversification. He noted that with strong political will and strategic implementation, Nigeria has the potential to unlock its full economic capacity and ensure that no region is left behind.

Reaffirming his vision for Nigeria’s future, Obi concluded with his signature message: “A New Nigeria is POssible!”

National Broadband Alliance for Nigeria Launched to Drive Digital Transformation

National Broadband Alliance for Nigeria Launched to Drive Digital Transformation

The Federal Ministry of Communications, Innovation & Digital Economy has officially launched the National Broadband Alliance for Nigeria (NBAN), a transformative initiative aimed at reshaping the country’s digital landscape. The event brought together industry stakeholders, policymakers, and technology leaders to discuss the roadmap for achieving Nigeria’s ambitious broadband penetration target.

Wole Abu, Managing Director of Equinix West Africa, described the launch as a landmark moment in Nigeria’s digital evolution. He highlighted that broadband penetration currently stands at 42% as of October 2024, but the goal is to push this figure to 70%. The initiative aims to provide urban areas with internet speeds of 25Mbps and rural communities with 10Mbps, backed by a projected 300-500% increase in broadband investment.

One of the key announcements at the event was the approval of a Special Purpose Vehicle (SPV) to oversee the deployment of 90,000km of fiber infrastructure across the country. This development underscores the government’s commitment to action, focusing not just on expanding connectivity but also on making broadband infrastructure more accessible and efficiently utilized. In the past, underutilized infrastructure has hindered return on investment, and the initiative seeks to break this cycle by optimizing existing resources.

The success of pilot projects in Edo and Ogun States, pioneered by MainOne, was highlighted as a model for broadband expansion. Additionally, NIGCOMSAT’s Project 774, led by Managing Director Jane Egerton-Idehen, will ensure that all local government secretariats in Nigeria receive connectivity within the next three years. These developments point to a broader vision of using broadband as a tool for national development.

Investment in Nigeria’s digital economy continues to grow, with MainOne’s contributions to Lagos’ Yaba Silicon Valley already fostering multiple unicorn startups. The sector has also attracted significant international funding, including $2 million from the U.S. government and $500 million from the World Bank. Digital transactions in Nigeria have surged, with online payments reaching ₦78 trillion over the past five years, further emphasizing the critical role broadband plays in economic growth.

Despite the optimism surrounding NBAN, several challenges remain, including multiple taxation on telecom operators, infrastructure vandalism, and concerns over the commercial viability of broadband projects. However, the initiative’s public-private partnership model is expected to address these hurdles and drive improvements across key sectors such as education, healthcare, financial inclusion, agriculture, and manufacturing.

Speaking on the broader impact of NBAN, Wole Abu emphasized that the initiative represents a collective response to Nigeria’s broadband challenges. He noted that the future is digital, and achieving a robust broadband infrastructure is essential for unlocking the nation’s true potential. The event also provided an opportunity for industry players to reconnect, with Abu mentioning his discussion with Airtel Nigeria’s Managing Director, Dinesh Balsingh, who is embarking on his second tenure in the country.

As Nigeria moves forward with this ambitious broadband expansion, industry experts and stakeholders remain optimistic about the potential of NBAN to transform lives and accelerate the nation’s digital economy.

NDPC Marks 3rd Anniversary with Team Bonding Event to Strengthen Workplace Unity

NDPC Marks 3rd Anniversary with Team Bonding Event to Strengthen Workplace Unity

The Nigeria Data Protection Commission (NDPC) recently celebrated its third anniversary with a specially organized team bonding event aimed at fostering stronger connections among its workforce. The event, which brought together staff members in a relaxed and engaging environment, provided an opportunity for them to reflect on their collective achievements, strengthen team spirit, and reinforce the Commission’s commitment to its mandate.

Held in a lively atmosphere, the event featured a mix of recreational activities, including friendly competitions, interactive games, and team-building exercises designed to enhance collaboration. Staff members also enjoyed a variety of food, drinks, music, and dance, creating a festive mood that encouraged camaraderie and networking beyond the usual work setting.

Speaking at the event, senior officials of the NDPC highlighted the significance of teamwork in achieving the Commission’s objectives. They emphasized that fostering a strong internal culture of cooperation and mutual support is essential to maintaining efficiency in regulatory enforcement and public service.

Over the past three years, the NDPC has played a pivotal role in ensuring compliance with data protection regulations across Nigeria, promoting privacy rights, and safeguarding personal data in an increasingly digital economy. As the Commission continues to expand its regulatory framework, events like this serve as a reminder of the value of teamwork in executing its mission effectively.

The team bonding initiative aligns with the NDPC’s broader strategy to enhance employee engagement, boost morale, and create a more productive work environment. Staff members expressed appreciation for the initiative, noting that it provided a refreshing break from their daily responsibilities while reinforcing the sense of unity needed to tackle future challenges.

As the NDPC moves forward, it remains committed to not only protecting data privacy in Nigeria but also building a resilient and motivated workforce capable of delivering on its mandate with excellence.

Lagos Governor Speaks on Expansion of Red Line Rail Service, Receives Mixed Public Reactions

Lagos Governor Speaks on Expansion of Red Line Rail Service, Receives Mixed Public Reactions

 

By ANTHONY EMEKA NWOSU

The Governor of Lagos State, Babajide Sanwo-Olu, has unveiled a significant enhancement to the Lagos Rail Mass Transit (LRMT) Red Line as part of the state’s ongoing efforts to revolutionize urban mobility. Effective from tomorrow, the Red Line will expand its service schedule, now offering five morning trips and four evening trips daily, an increase from the previous two morning trips. This step is aimed at improving the daily commute for residents traveling along the high-demand route from Agbado to Oyingbo.

This upgrade promises to ease the stress of navigating the city’s notorious traffic jams by reducing overall travel times. With a journey time of just 50 minutes between Agbado and Oyingbo, commuters will benefit from the convenience of waiting times as brief as two minutes at each station. The increased frequency of train services is expected to significantly enhance the efficiency and reliability of the Red Line, positioning it as a crucial part of Lagos’ integrated transport network.

Governor Sanwo-Olu emphasized the importance of this expansion in his announcement, stating, “This milestone reflects our unwavering commitment to improving mobility across Lagos. The arrival of three new train sets will further boost the Red Line’s capacity, reinforcing its role as a vital part of our integrated transport system.”

He further underscored the broader impact of the Red Line, describing it as more than just a mode of transportation, but a catalyst for economic transformation. “The Red Line isn’t just a train service—it’s a game-changer for commuting in Lagos. We are building a city where connectivity drives economic growth and improves the quality of life for all residents. This is Lagos, and we keep moving,” the Governor concluded, aligning his statement with his vision for a sustainable and vibrant urban future.

However, despite the positive rhetoric, public feedback on the Red Line expansion has been a mixed bag, with some residents celebrating the initiative while others raised serious concerns about the affordability and accessibility of the service. These reactions highlight the complexities of implementing public transport projects in a city as large and diverse as Lagos.

On social media, Lagosians shared their thoughts on the new service. Some were enthusiastic about the project, while others questioned its relevance and sustainability in the face of economic challenges.

Joni Akpederi, a commuter on Facebook, expressed frustration with the fare structure, which she believes is prohibitive for the average Lagosian. “I still don’t know what good the train service is doing. The trains are too few, and evidently, from comments in this post, too expensive for the so-called common commuter. At N1000 one way, a commuter needs N2000 a day for the Agege-Oyingbo route, which adds up to N44,000 in a month. For someone earning the minimum wage of N70,000, that’s simply unaffordable,” Akpederi said. Her comment highlights the stark reality that while the service may be a step forward in terms of infrastructure, it may alienate a significant portion of the city’s low-income workers.

In contrast, Peter Unuigboje viewed the project as a transformative step for Lagos, stating, “A different level of thinking was required to not just solve a problem but create multiple values & economic wealth for the people residing and transiting through Lagos. This is a game changer.” Unuigboje’s optimistic perspective reflects the hope that, despite initial challenges, the project could ultimately benefit both the economy and the everyday lives of commuters in the long run.

Yet, there were additional calls for the service to be extended to more areas of Lagos. Justin-Tall Miyin Unuke, another commenter, urged the government to consider extending the rail line to other underserved parts of the city, stating, “Please, Sir, extend it to the Ajah axis of Lagos. It is a very good transport system that should spread around the city and not just CMS to Mile 2.” This call reflects a common desire for equitable infrastructure development that can serve all areas of the city, not just the most central and populated zones.

One of the more critical voices was that of Olaiya Adeshola, who questioned the pricing structure and urged a revision of fares. “Good move, Sir, but I think the fare has to be reviewed. It’s too high considering the capacity of average commuters on that axis. My area, close to the Yaba railway line, has poor patronage because of the high fares,” Adeshola remarked. This comment points to a potential issue with the current pricing, as high fares could limit the number of people who can afford to use the service, undermining its effectiveness.

Abimbola Fashina shared a similar sentiment, echoing concerns about the affordability of the service for residents. “It would be nice to look into affordable fares based on the minimum wage of the citizens of the state. God bless Lagos and the people,” Fashina added. Many commenters, including Fashina, seem to suggest that the state government should reassess the fare structure to ensure that it caters to the needs of all residents, especially those in the low-income bracket.

In a more detailed critique, Abimbola Kafilah Yusuf called for a comprehensive and measurable approach to the ongoing development of Lagos’ rail system. “While the initiative is commendable, it is important to have a holistic and measurable plan for the rail transit system in Lagos. Has there been an increase in the number of coaches? Has the travel time been shortened? Are there more scheduled trips?” Yusuf asked. She also raised concerns about safety, recounting an incident in which she was almost unaware of an approaching train due to a lack of proper signage and traffic control near the tracks. Yusuf’s remarks underscore the need for continuous improvement not just in infrastructure, but also in safety and operational measures to ensure the success of the rail system.

In contrast to these concerns, some residents took to social media to express their appreciation for the governor’s leadership. Saviour Udoh offered praise for the Red Line project, noting, “Well done, Sir. This is commendable.” Meanwhile, Dovinon Whenayon Zachariah took the opportunity to highlight other areas in Lagos that require attention, specifically Badagry. “Badagry West LCDA has been in total darkness for the past four years. We need your intervention,” Zachariah said. His plea for greater focus on the development of more areas in Lagos reflects the frustrations of those living in regions that feel neglected when it comes to infrastructure investments.

As the conversation around the Red Line continues, Governor Sanwo-Olu remains committed to the long-term vision of transforming Lagos into a world-class city with a robust and sustainable public transport system. The ongoing feedback will undoubtedly play a role in shaping future decisions regarding both pricing and service expansion.

With the expansion of the Red Line Rail Service, Lagos is on track to modernize its public transport system, making it a vital component of the city’s growth and development. However, as highlighted by the public responses, a balance must be struck between accessibility, affordability, and the continued push for urban mobility improvements.

For more updates on the developments in Lagos’ transport infrastructure, stay tuned.

Written by ANTHONY EMEKA NWOSU