AWARI App gets funding to boost urban discovery, SME growth

AWARI, Nigeria’s lifestyle discovery platform, has secured a funding boost to scale its mission of transforming urban discovery and supporting lifestyle businesses across Africa ahead of Detty December, the country’s peak entertainment and tourism season.

The funding round, which surpassed the company’s previous pre-seed raise, was led by the Lagos Angel Network (LAN) and supported by a network of strategic investors.

Founded by entrepreneur Tannaz Bahnam, AWARI connects users with local lifestyle businesses – including restaurants, spas, gyms, shops, and events – while providing business owners with tools for visibility, bookings, loyalty management, and data-driven growth.

With over 2,450 businesses already listed across Lagos and Abuja, AWARI is redefining how residents and visitors experience Nigerian cities.

Speaking on the new funding, Bahnam, said the investment will help the company deepen its impact and strengthen its role in supporting urban living and SME growth.

‘AWARI was built to transform the way people experience their cities while helping lifestyle SMEs grow sustainably,’ she said.

‘With the support of the Lagos Angel Network and other visionary investors, we are doubling down on developing tools to strengthen communities, empower businesses, and improve everyday urban life,’ she explained.

‘And with Detty December quickly approaching, now is the ideal time for businesses to join AWARI and gain visibility during Nigeria’s peak lifestyle season,’ she added.

According to the company, the new funding will be used to scale its event ticketing platform and loyalty program, drive business engagement and user downloads ahead of Detty December and enhance its technology and content operations as it prepares to expand into Ghana, Morocco, and Qatar within the next year.

The development builds on Bahnam’s 15-year experience connecting consumers and businesses through Lost in Lagos, Nigeria’s longest-running lifestyle platform.

Through Lost in Lagos Plus magazine and its popular Restaurant Week series, Bahnam has established a strong track record of curating city experiences and supporting local enterprises.

Yemi Keri, chairperson of the Lagos Angel Network, described the company’s growth as a positive sign for Africa’s digital and SME ecosystem.

‘We are excited to support AWARI as it shapes the future of urban discovery in Africa,’ Keri said.

‘AWARI is creating real value for SMEs by helping them increase visibility, attract new customers, and thrive in competitive urban markets.’

Phoenix Steel Mills boosts output, cuts costs with NDPHC power deal

Phoenix Steel Mills has revealed significant improvements in productivity, operational efficiency, and energy stability following its participation in the Eligible Customer Program of the Niger Delta Power Holding Company (NDPHC).

Through the program, Phoenix Steel Mills now enjoys direct access to a reliable electricity supply from NDPHC’s generation assets, drastically reducing its reliance on unstable grid supply and costly self-generation alternatives.

According to the company, this intervention has minimised power-related disruptions, reduced operational costs, and enhanced production output, positioning Phoenix Steel Mills to expand its capacity and strengthen its competitiveness in both domestic and international markets.

Speaking on the development, Jennifer Adighije, Managing Director/CEO of NDPHC, hailed Phoenix Steel Mills as a success story of the Eligible Customer Program and reaffirmed NDPHC’s commitment to deepening Nigeria’s industrial competitiveness.

‘The Eligible Customer framework is designed to strengthen Nigeria’s industrial growth by guaranteeing efficient, reliable, and affordable electricity directly from our plants to businesses.

‘Phoenix Steel Mills is a clear demonstration of how stable power translates into higher productivity, cost savings, and stronger value chains for the economy,’ Adighije said.

Phoenix Steel Mills Limited is a leading steel manufacturing company in Nigeria, producing high-quality steel products for domestic use and export. With a focus on innovation, efficiency, and sustainability, Phoenix Steel Mills continues to invest in technologies and partnerships that strengthen its role in Nigeria’s industrial growth and global competitiveness.

Tinubu deserve support for re-election, says Jibrin

Deputy Senate President Barau Ibrahim Jibrin has stated that President Bola Ahmed Tinubu has done more for the North than any recent administration, adding that the region should rally behind him for re-election in the 2027 presidential race.

He noted that human capital development is one of the key areas that Tinubu had done tremendously well adding that he has demonstrated this through approval for the establishment of several new tertiary institutions of learning in the region.

Jibrin stated this on Monday, while presiding over the presentation of cash grants to over 1000 students drawn his Kano north senatoral district, held at Yusuf Maitama Sule Federal University of Education, Kano.

The lawmaker, told the gathering made up of students and members of the university academia, the role played by President Tinubu in the establishment of the new university.

‘We are here today for two reasons, the number one reason, is to celebrate the actualization of the establishment of this new university, and the second reason, is to present cash grants to some of our students from the Kano North, my constituency.

‘While, we are doing this, we must show appreciation to the President, who made it possible by approving it establishment by signing all necessary legislations for the institution to come on stream under his administration.

‘You can recall that this institution which use to be a Federal College of Education, was first converted to a university under the administration of former President Goodluck Jonathan, but was reversed back by the immediate past administration.

‘When this happened, when the present administration was inaugurated, and I became the deputy president of the Senate, I took the proposal for the restoration of the institution to a university to him at Aso Rock.

‘When I started talking to him about the content of the proposal, before I concluded, the President said look, you dont need to go forward, I have given approval to the establishment of the university.

‘I also told hin about the need to name the university after the late Yusuf Maitama Sule, a one time minister, who was also the former Nigeria’s permanent representatives at the United Nations, that have serve the nation meritoriously, he also gave his approval’, he further stated.

Barau, noted that since one good turn deserved another, there was the need for the people of Kano, and the entire northern Nigeria that have benefitted tremendously from the good gesture of President Tinubu to reciprocate the gesture in 2027 by voting him again.

Speaking on the scholarship scheme offered through his foundation, the Barau I. Jibrin Foundation, he explained that the 1,000 beneficiaries were drawn from his Kano North Senatorial District. He added that plans are underway to extend the initiative to students from the state’s other two senatorial districts.

French PM Lecornu’s sudden exit plunges Europe into market turmoil

European stocks fell on Monday, with a sudden rise in political uncertainty following the resignation of France’s Prime Minister, Sebastien Lecornu.

The unexpected departure, coming just weeks after his appointment, triggered a broad market sell-off across the region.

The pan-European Stoxx 600 index slipped 0.4 per cent in London morning trade, snapping a five-day winning streak. However, the domestic French market bore the brunt of the investor panic, with the CAC 40 index tumbling 2 per cent shortly after the news broke, reflecting deep concern over the country’s deepening instability.

The event marks another setback for President Emmanuel Macron’s weakened government, which recently saw the collapse of former Prime Minister François Bayrou’s administration amid budget disputes. Analysts suggest this development significantly raises the likelihood of early elections and points to sustained market volatility ahead.

Financial stocks led the decline. French banking stocks were hit hardest, with Société Générale, BNP Paribas, and Crédit Agricole all dropping by more than 5 per cent. The bond market also signalled investor unease as the yield on France’s 10-year bond climbed to a 10-day high of 3.599 per cent.

In currency markets, the euro fell sharply, dropping 0.7 per cent to $1.1658, as traders weighed the implications of a fresh leadership crisis in the Eurozone’s second-largest economy.

Sowing love, reaping a culture of gift: A legacy of St. Josemaría

In 1957, Msgr. Gastone Perrelli, Apostolic Delegate for Eastern and Western Africa, asked St. Josemaría, the founder of Opus Dei, to promote a university with a Catholic spirit in Kenya. At that time, Kenya was on the road to independence, achieved in December 1963. Two members of Opus Dei arrived in Nairobi in 1958, and in 1961, Strathmore College began.

Strathmore was the first interracial school in East Africa, founded on the explicit condition of being ‘interracial and open to non-Catholics and non-Christians.’ In 1962, the women of Opus Dei, under the same conditions, founded Kianda College. The same criterion guided the beginnings of Opus Dei in Nigeria and other parts of the African continent. St. Josemaría proclaimed many times: ‘There is only one race, the race of the children of God.’

This was an extraordinary institutional achievement, a true sign of fraternity ahead of its time. But the heart of today’s reflection lies here: for institutions to flourish and endure through history, they require more than noble ideals and solid structures. They need the daily ‘yes’ of the people within them-their generosity, commitment, and spirit of service-to bring them to life. With this living response, even the greatest institutions not only endure but become sources of renewal and fruitfulness for generations.

This is the creative tension that runs through history: structures are necessary, yet a culture of gift is equally vital. Strathmore and Kianda are not simply monuments to a past vision; they are ongoing invitations. Every generation of teachers, students, and staff is called to choose anew-to make openness, freedom, and fraternity a lived reality rather than mere words on the mission tab of a website. This is precisely why BeDoCare begins with the word ‘BE’: only by becoming, by shaping who we are interiorly, can our ‘doing’ and our ‘caring’ bear the depth and consistency needed to sustain a true culture of gift.

2. Sowing love: ‘Put love where there is no love and you will reap love’

Sowing is one of Scripture’s most striking images of hope. A seed is small, fragile, and easily overlooked, yet once it enters the earth, it carries hidden power. Jesus tells us: ‘A sower went out to sow his seed’ (Lk 8:5). And the sower scatters not sparingly but abundantly, almost recklessly, trusting God for the harvest.

Love works in the same way: given freely, beyond calculation, it bears fruit because God makes it grow.

St. Josemaría saw in the sower’s gesture the magnanimity of God Himself, and also the way Opus Dei should spread-broadcasting the seed of holiness generously, in all circumstances, abundantly, without distinction, without self-interest. Its message is the universal call to holiness:

He calls each and every one to holiness, he asks each and every one to love him: young and old, single and married, healthy and sick, learned and unlearned, no matter where their work, or where they are.

To sow is to share the love we have received. Each heart won for Christ becomes a new sower. And each small gift-an act of patience, a word of encouragement, a hidden sacrifice-extends the chain.

St. John Paul II reminded us: ‘Man cannot live without love. He remains a being that is incomprehensible for himself, [.] if love is not revealed to him, if he does not encounter love, if he does not experience it and make it his own, if he does not participate intimately in it.’

Sowing love is therefore the beginning of a new culture. But it must be done in God’s style-open-handed, trusting, generous.

St. John of the Cross captured this when he wrote: ‘Put love where there is no love, and you will reap love.’

This occurs when we give freely to others and we thereby create the conditions for a response that is equally free, for a gift ceases to be a gift when it carries an expectation of return. What arises in this dynamic is a spiral of gift-giving that is also life-giving, a process whose effects defy quantification. A notable example occurred in the United States in 2011, when an altruistic kidney donor, acting without personal gain, initiated a national chain of transplants. His decision set off a sequence of exchanges that saved dozens of lives, demonstrating the incalculable ripple effect of authentic generosity.

3. BeDoCare: ‘It is good that you exist [.] It is necessary that you exist.’

Our deepest identity is that of children of God, the source of our meaning. From this flows our desire to treat one another as true brothers and sisters of the same Father, sharing the same dignity. And the concrete way to live this identity is through the gift of oneself: by loving and caring for one another. As the Prelate of Opus Dei stated at the first BeDoCare Conference, ‘We are jointly responsible for taking care of the world, establishing relationships founded on charity, justice, and respect, especially overcoming the disease of indifference.’ Indeed, we are co-responsible for one another’s flourishing. As Cardinal Ratzinger explains:

Man is that strange creature that needs not only physical birth but also appreciation if he is to subsist. This is the root of what we call hospitality or care [.] For an individual to accept himself, someone must say to him: ‘It is good that you exist.’ It must be said, not with words, but with that act of the whole being which we call love. For the form of love is to want the existence of the other and, at the same time, to make it flourish anew. The key to the I lies in the you; the path to the you passes through the I.

Viktor Frankl, the Viennese psychiatrist imprisoned in Auschwitz, experienced this love that gave him life when one day a foreman secretly gave him a piece of bread. He states:

It was far more than the small piece of bread that moved me to tears at that time. It was the human ‘something’ which this man also gave to me-the word and look which accompanied the gift.

If this can occur at the human level, with the advent of Christianity, as Joseph Ratzinger adds, we not only say to the other, ‘It is good that you exist,’ but ‘it is necessary that you exist.’

This is the very root of care. It is not pity, nor condescension, but the recognition of the other’s dignity rooted in the image of God within them.

St. Josemaría’s legacy is not primarily theoretical but existential. He began in the Church a path of sanctification in ordinary life. To discover God in daily work and encounters transforms how we see others: everyone deserves love and justice; everyone is worthy of our self-giving.

That is what you are doing in BeDoCare: reminding each person that their existence is not only good but necessary, and that in their fragility they summon forth the best of our humanity.

As St. Josemaría so often repeated:

You, by your very condition as a Christian, cannot live with your back turned to any concern, to any need of your fellow men.

4. Challenges of individualism and consumerism

But this vision grows in contested soil. Individualism urges us to cling, hoard, and measure every relationship by profit; consumerism feeds endless dissatisfaction, making people and societies restless and closed in on themselves. Together they erode personal and community bonds, leaving the weakest-the sick, the poor, the unborn, the elderly, migrants-most vulnerable. The result is fragmentation and even aggressiveness, as we end up defending ‘what is ours’ at any cost.

This combination produces what Pope Francis has called a ‘throwaway culture’:

There are those who presume to be able to establish, on the basis of utilitarian and functional criteria, when a life has value and is worth being lived. Such a mentality can lead to grave violations of the rights of the most vulnerable, to serious injustices and situations of inequality, resulting for the most part from the mindset of profit, efficiency and success.

The temptation is to keep these challenges in the abstract. But they are not abstract-they invade the most intimate spaces of life. They fracture the family, reduce work to transaction, and erode care for one another.

That is why St. Josemaría’s legacy speaks with such urgency. And that is why the logic of gift must be re-planted precisely where individualism and consumerism wound us most deeply.

5. The legacy of St. Josemaría in family, work, and care of others

a. Gift in the family

The family is the first school of gifts. Here, hidden acts of service-washing dishes, bandaging a wound, ironing clothes for a special family event-become a daily apprenticeship in love.

This conviction led St. Josemaría to affirm that marriage is a Christian vocation, a call from God:

Christian spouses must be conscious that they are called to sanctify themselves by sanctifying others, that they are called to be apostles, and that their first apostolate is in the home. They must understand the supernatural work implied in founding a family, educating children, and radiating Christianity in society.

For many, ‘family’ naturally includes the extended network of cousins, aunts, uncles, and grandparents. A child does not grow up alone; he or she is carried by a whole community. Grandparents pass on wisdom, older siblings take responsibility for the younger, and relatives step in when parents struggle. The burdens and the joys of one household are shared by all. This lived solidarity springs from belonging to one another and recognising that we are all children of God.

But consumerism undermines this. By making us forget about God, it detaches sexuality from gift, in essence, reducing it to a commodity. Children become either ‘rights’ or unwanted ‘products.’ Family life itself is reshaped by domination and self-interest.

The antidote is to rediscover complementarity as self-gift. As John Paul II taught:

The human person [.] must never be treated by another as the means to an end; the person is a good toward which the only proper and adequate attitude is love.

Children, too, are a gift-not property. Indeed, they are often called ‘the wealth of the family,’ in some societies, though not in economic terms. They are the true wealth because they embody hope and continuity. In the family, they ‘breathe in’ love through parents, siblings, and relatives. There, they learn to share and to dialogue, to see themselves as children and siblings, to grasp justice, and to practice both giving and receiving forgiveness. In this way, they discover their own vulnerability and that of others. The family thus becomes the school where attitudes are formed that later shape wider social life.

Among these, forgiveness and reconciliation stand out as essential in a world marked by wounds we inflict on one another. Disputes within families are often resolved through the mediation of elders, teaching that peace is more valuable than pride. This is where reconciliation begins: in the home, in the village, around the family hearth. And it does not remain there. The lessons learned in these small reconciliations ripple outward into society. When families learn to forgive, communities become capable of peace. When forgiveness fails at home, its absence is felt far beyond, feeding cycles of hostility and division-even as we see today in wars and conflicts that scar entire nations. Thus, forgiveness learned at home becomes increasingly vital for our world. Forgiveness is, in fact, the most gratuitous act of all, returning good for evil. As Pope Leo XIV affirms:

True forgiveness does not await repentance, but offers itself first, as a free gift, even before it is accepted.

Thus the family is not just a private unit-it is the seedbed of a culture of gift for society where every member is necessary and no one should be isolated from others: it is here, in these networks of kinship and care, that life itself is freely given, and therefore grows in meaning only when it is handed on as freely as it was received. As Jesus teaches: ‘Freely you have received; freely give’ (Mt 10:8); or as the Swahili proverb says, ‘Mti haukui bila mizizi’ – a tree does not grow without roots – reminding us that the gift of life is sustained and passed on within the family and community.

b. Gift in professional work

Work is another privileged field for self-gift. Yet individualism and consumerism distort its meaning from opposite sides. Individualism reduces work to the pursuit of personal gain or treats it as a burden to avoid, cutting it off from solidarity. Consumerism, on the other hand, drives us into workaholism-endless production for endless consumption-while measuring its worth only in material returns. Both leave the person empty, because they obscure the work’s deeper meaning. Far from being mere survival or achievement, work finds its truth in service and collaboration in the common good.

To live this, St. Josemaría teaches us, we must first work well-diligently, responsibly, and competently-without letting work become an idol that devours family and interior life. But working well and justly, while essential, is not enough. If reduced to contractual compliance alone, work risks being hollowed out, leaving no space for the human and spiritual meaning it is meant to bear.

Here Benedict XVI offers a key insight in Caritas in Veritate: ‘While in the past it was possible to argue that justice had to come first and gratuitousness could follow afterwards, as a complement, today it is clear that without gratuitousness, there can be no justice in the first place.’ What work needs, therefore, is the logic of gift, and not just for it to have the added transcendent dimension of charity, but as Benedict XVI implies, it needs it if it is to remain just and not drift into injustice.

In St. Josemaría’s terms, work is the place where the Christian acts as ‘leaven in the dough,’ transforming oneself, one’s colleagues, and even the task itself into a sacrifice pleasing to God. And in doing so, it also keeps it from corruption.

This insight finds a natural echo in Africa, where the cultural ethos is captured vividly in the word Harambee – ‘let us pull together.’ Harambee is not merely a slogan; it is a way of life in which communities unite their strength to accomplish what no individual could achieve alone: whether it is in building a school, supporting a family in crisis, or ensuring that a wedding or funeral is celebrated with dignity. Each person contributes according to their means, and together the whole community rises.

Applied to professional life, this principle illuminates the sanctification of work as service and solidarity, as for instance:

a doctor who spends extra time with a patient who cannot pay;

a teacher who mentors struggling students after class; or,

an entrepreneur who prioritizes fair wages and family-friendly policies.

All these embody the spirit of Harambee and are seeds of a culture of gift. Thus, work becomes more than a transaction: it becomes a vocation. It ceases to be an idol or an escape and instead becomes participation in God’s creative and redemptive love for everyone, not just ourselves. As the family is the school of gift, so too the workplace becomes a second school where daily work, united in service, teaches us to ‘pull together’ and to build up society on the firm foundation of self-giving.

c. Gift in care and social charity

Finally, care and social charity. St. Josemaría, in the early days of Opus Dei, sought strength among Madrid’s poorest.

I went to seek strength [.] in the poorest neighborhoods of Madrid. Hours and hours, back and forth, every day, on foot from one part to another, among the [.] poor who owned absolutely nothing; among children with runny noses and coughing spells-all [sickly], but still God’s children, still souls that were pleasing to him. [.] And so I went in search of the means to do the Work of God in all these places. The sick constituted the human strength of the Work.

This intuition-that caring for the weakest strengthens the giver-remains prophetic.

Individualism and consumerism hide fragility by idolising independence. Yet it is precisely in vulnerability that we discover our common humanity. Illness, poverty, and old age are not threats to dignity but moments when dignity shines most clearly. Care, therefore, is crucial as it is the human and humanising response to fragility, but it must be given freely and personally.

In fact, care is more than a task; it is a way of relating that acknowledges our shared condition. By recognising our own vulnerability and that of others, we rediscover human interdependence. This has concrete consequences: the development of palliative care, assistance to families with dependents, the rise of care-oriented professions and the promotion of their dignity, and a growing appreciation for the spiritual, psychological, and emotional dimensions of life are just some examples that have arisen from people with a mission to care, and in and through their personal witness have inspired and strengthened many of these social charity professions.

When a culture of care and, therefore, of gift exists, we overcome individualistic perspectives. As Mamen Guitart, a professional dedicated to care, explains:

Only people know how to care, and we all learn to care when we are cared for. It comes naturally to give what you have received, and it is logical that such attention not be limited to the private sphere of a home or an institution. The culture of care spreads like a cascade, and that is why it ends up impacting the whole society. A better society should aim to educate people capable of caring. That would amount to an atomic bomb against individualism. The culture of care is so elementary, so important, and so humanizing that it should form part of the strategic lines of any society that aspires to true progress.

This, in fact, ought to be the distinctive mission of all the initiatives represented here. Your projects will certainly solve concrete problems, but if accompanied by persons who discover and are inspired to give of themselves freely to others, they will also shine as a light for society. The State, businesses, families, and communities will look to you-to your priorities, your culture, your attention to each person, and the principles that guide you. It will be a particular light that you will bear, one capable of illuminating all of society with a vision of care rooted in human dignity.

6. Conclusion: The attitude of listening and the culture of gift

After all that has been said about the culture of gift, about care, about work, about institutions-what is the decisive first step? The answer, though simple in appearance, is profound: we must begin by listening.

Listening is not merely a technique to be employed; it is an internal disposition of the soul whereby we freely open our minds and hearts to one another. It is the primordial gesture of care, the foundation of authentic dialogue, and the condition for genuine fraternity. In every act of listening, there are two persons: one who entrusts, one who receives. To listen is to recognise the other not as object but as subject; to regard the other with love; to attend with both the senses and the heart, allowing their reality to shape our response.

Without listening, the act of giving becomes distorted. It degenerates into paternalism, when we impose our own solutions; into dependency, when assistance erodes another’s freedom; or into projection, when what we give reflects our own desires rather than the true needs of the other. In each case, the gift humiliates instead of elevating. Benedict XVI expressed this with precision: ‘If my gift is not to prove a source of humiliation, I must give to others not only something that is my own, but my very self; I must be personally present in my gift.’ Listening is the safeguard of this personal presence.

Here, then, lies our responsibility. Institutions, however noble, may preserve values, embody ideals, and provide opportunities, yet they run the risk of becoming cold structures unless they are animated by persons who discover and embody the logic of self-giving. And this possibility exists when men and women, in their ordinary work and daily relationships, begin by embracing listening as a way of life and a guiding principle. Only then will institutions have the real possibility of transcending their functional roles: schools will be more than classrooms, hospitals more than wards, businesses more than enterprises: they will be able to become places where humanity is renewed, where fraternity flourishes, and where the love of God becomes tangible.

This is the enduring legacy of St. Josemaría: not only to promote institutions, but to inspire persons-one by one-who, by listening and giving of themselves, sow love wherever they are-until society itself is renewed and transformed into a true culture of gift.

Obi condemns Kogi, Kwara killings as army denies reports of bandits overrunning troops

The wave of insecurity in parts of the North Central region has once again sparked outrage following reports of deadly attacks in Kogi and alleged bandit control of several communities in neighbouring Kwara State.

In a statement on Sunday, Peter Obi, 2023 Labour Party presidential candidate, expressed deep concern over what he described as the ‘tragic and senseless’ killings in Kogi State’s Yagba West Local Government Area, where more than 27 people were reportedly killed by armed bandits.

‘I am deeply disturbed by the tragic reports of yet another senseless attack in Kogi State’s Yagba West Local Government Area, where over 27 innocent Nigerians were killed by armed bandits,’ Obi said.

‘The images are heartbreaking. My thoughts and prayers are with the victims, their families, and the entire people of Kogi State.’

Obi also cited reports indicating that nine of Kwara State’s 16 local government areas were under the siege of bandits who now ‘demand food and drinks as ransom.’

The affected local governments, according to the reports he referenced, include Baruten, Edu, Ekiti, Ifelodun, Isin, Kaiama, Oke-Ero, Patigi, and Irepodun.

‘The security situation is now a national emergency,’ Obi warned. ‘It is deeply troubling that insecurity has become a normal occurrence in our nation, where our citizens die daily more than in countries at war. This is not normal. Our citizens cannot sleep in their own homes in peace, our farmers are being driven away from their lands by bandits, our children are living in fear of being attacked, and our nation continues to bleed.’

He urged the government to prioritize the protection of lives and property, describing it as ‘the most basic duty of any government.’

However, the Nigerian Army debunked reports suggesting that troops were overrun by bandits in parts of Kwara State, dismissing such claims as ‘false and misleading.’

In a statement signed by Lieutenant Colonel Polycarp Okoye, deputy director of Army Public Relations for the 2 Division, the Army said: ‘Contrary to the sensational claims, troops of 148 Battalion (Rear) conducting ongoing clearance operations across Kogi and Kwara States have continued to record significant operational successes.’

The statement added that ‘in a recent engagement, the troops mounted a strong blocking position along the Kwara-Ekiti border axis, where they neutralized two armed bandits and recovered two brand new AK-47 rifles.’

The Army insisted that ‘at no time were Army positions overrun, nor was any cache of weapons or ammunition lost to criminal elements, as mischievously reported by the online platform.’

It described the publication as ‘a fabrication designed to mislead the public and undermine the morale of gallant troops diligently working to restore peace and stability in the region.’

The military assured the public of its continued commitment to tackling insecurity, stating that ‘the Nigerian Army remains committed to ensuring that all forms of criminality are decisively dealt with across the country.’

It urged citizens to ‘disregard the false report and continue to support the military with timely and credible information that would aid ongoing operations.’

‘The Nigerian Army also reiterates its readiness to sustain the tempo of operations until all criminal networks in Kogi, Kwara, and adjoining states are dismantled,’ the statement concluded.

Policy flip-flops keep factories idle

Under President Olusegun Obasanjo, a policy was introduced to make flour millers include 10 percent of cassava flour in bread. However, the policy was reversed under late Musa Yar’Adua, but revived under Goodluck Jonathan.

It was quietly shelved under the late Muhammadu Buhari. The policy has been abandoned, leaving some factories shut down.

However, a similar locally-focused policy worked in cement.

Backed by targeted government protection, import restrictions, and the Backwards Integration Policy (BIP), local giants like Dangote Cement were able to scale and dominate both domestic and regional markets.

Before reforms in 2006, Nigeria had been the world’s third-largest importer of cement and clinker, with local production covering less than a quarter of demand. The mismatch between supply and demand led to price instability and slowed infrastructure growth.

The introduction of backward integration, high tariffs on imports, and incentives for local investment turned the tide, creating a clear policy environment that made large-scale investment viable.

However, the same policy drive has failed to deliver in food and beverage, with cassava bread an ample case in point. Attempts were made to replicate the same policy in milk and dairy products, among others, did not work.

Analysts argue that replicating the ‘cement miracle’ in other industries will require not just protective tariffs but a mix of targeted incentives, modern technology, and consistent enforcement against smuggling. Without these, they say, Nigeria’s broader industrialisation agenda risks falling short.

Muda Yusuf, chief executive officer of the Centre for the Promotion of Private Enterprise (CPPE), explained that cement thrived largely because it was driven entirely by private investment, with the government creating a clear policy framework that allowed companies to scale operations and dominate the market.

‘Unlike cement, where private capital took over the entire value chain, sectors such as steel, paper, and refineries have been burdened by heavy government presence. The government doesn’t have a good track record of running such businesses efficiently, and this has been a major setback,’ Yusuf said.

He cited the Ajaokuta and Delta Steel complexes as examples where government ownership and mismanagement stalled progress. ‘If those projects had been structured as private investments, the story of Nigeria’s steel industry would have been completely different,’ he stated, noting that a functional steel sector is critical for supporting industries such as automobiles, fabrication, and construction.

The economist also noted that Nigeria’s paper mills, such as Jebba and Iwopin, suffered similar fates due to flawed privatisation processes, leaving them in the hands of investors without the financial or technical capacity to revive them.

On the textile industry, Yusuf identified smuggling, the influx of second-hand clothes, and high energy costs as the biggest obstacles. ‘Textiles are energy-intensive and foreign exchange-dependent. In an economy where power supply is unreliable and costly, it becomes very difficult to compete with imports from countries like China,’ he explained.

‘Obsolete technologies, some dating back 30 to 40 years, also weigh heavily on Nigeria’s manufacturing competitiveness. ‘When you are running industries with outdated machinery, your costs will always be high, and that undermines your ability to compete in global and even local markets,’ Yusuf added.

Musibau Adetunji Babatunde, commissioner for Budget and Economic Planning in Oyo State, noted that policies in agriculture and manufacturing often fail because they are not properly targeted. ‘If support is well directed to smallholder farmers and professional associations, we would see a faster turnaround,’ he said.

Babatunde argued that policies fail to support the right players. He noted that while backward integration worked in cement, similar policies have not been effectively applied on agriculture and manufacturing.

‘For smallholder farmers who want to export, the procedures are too complex, from certifications at the ports to poorly targeted incentives.

‘If support was channelled directly through their professional associations, with proper monitoring, we would see a faster turnaround, just like cement.

‘The government’s role should be to coordinate and standardise production to meet international export requirements, not to impose blanket programmes that don’t fit Nigeria’s structural realities,’ Babatunde explained.

How faith ties, divided allegiance threaten national security – ex-military officer

Ayo Balogun, a former Nigerian Air Force officer has raised alarm that terrorism in Nigeria is being sustained not only by illicit funding networks but also by deep-rooted religious loyalties within the security forces and political class, a dangerous mix he says is undermining national security and crippling the country’s decade-long fight against insurgency.

Balogun, who spoke with BusinessDay in Abuja, said that while some military commanders have been accused of selling weapons to insurgents, the problem goes beyond corruption and points to divided allegiances within the system.

‘Some revelations are coming out that commanders and top officials are actually selling weapons to Boko Haram. But the issue is deeper than just selling arms, religion has become a major factor keeping the insurgency alive’, Balogun said.

The retired officer explained that unlike the Niger Delta militancy or other economic-based conflicts that could be resolved through negotiation and incentives, Boko Haram’s ideology is rooted in religious extremism, a problem, he said, ‘lies in the heart’ and is far more difficult to defeat.

‘You can always talk your way out of economic insurgencies if you give people the right incentives. But when an insurgency is religious, it becomes a matter of faith and conviction. No amount of money can make an indoctrinated person drop that belief’, he said.

He warned that religious and territorial conflicts are the most dangerous forms of crises, often tearing nations apart.

‘If you are fighting because of land, it’s serious. If you are fighting because of religion, it’s even more serious. Those are the two types of problems that can destroy a country,’ Balogun said.

Commenting on recent reports that some Nigerian Army officers were caught selling weapons meant for frontline operations to insurgents, Balogun said such betrayals thrive partly because some soldiers sympathise with the enemy due to shared religious beliefs.

‘A soldier who is a staunch Islamist may see insurgents as his religious brothers. There’s already a conflict of interest,. ‘They are human beings before they are soldiers. That’s what makes this conflict very complicated.’

He added that this dynamic also extends to politicians and government officials, some of whom, he said, may be reluctant to confront insurgents decisively because of religious affiliations.

Balogun drew parallels with other global and local conflicts, noting that wars driven by economic interests, such as the civil wars in Sierra Leone and the Congo or the Niger Delta militancy, were easier to resolve through negotiations, incentives, or amnesty programmes.

‘When the Niger Delta militants were fighting, the government offered training, compensation, and engagement. It worked because it was economic. If the Boko Haram crisis were economic, it would have been solved long ago’, he explained.

He contrasted this with the peaceful resolution of Nigeria’s territorial dispute with Cameroon under former President Olusegun Obasanjo, noting that diplomacy and compromise ended what could have been a prolonged war.

‘If Obasanjo hadn’t gone to the World Court over Bakassi and accepted the ruling, we’d still be at war today.

‘That’s the difference between a territorial conflict and a religious one. Religion doesn’t bend easily’, Balogun said.

The former officer also linked the resilience of Boko Haram to foreign support networks.

According to him, intelligence reports and past military briefings have consistently shown that much of the funding and ideological backing for religious extremism in Nigeria comes from outside the country.

‘The funders of religious fundamentalism are mostly from the Middle East countries. There is clear evidence of external influence. Even the Chief of Defence Staff once admitted it’, he said.

Balogun said these external forces exploit Nigeria’s porous borders and weak internal controls to fuel instability, adding that religious indoctrination and foreign funding make the insurgency far harder to contain.

He urged the Nigerian military to focus on professionalism and loyalty to the Constitution above personal or religious sentiments, warning that divided allegiances within the ranks could prolong the insurgency indefinitely.

‘The only hope is for soldiers to be professional. Once a soldier allows religion to dictate his loyalty, the war is already lost’, he said.

Balogun’s was reacting to the reports that some Nigerian military officers have been caught selling weapons to insurgents and bandits, with recent court-martials confirming the depth of internal sabotage within the armed forces.

According to report, a soldier who recently returned from Maiduguri, Borno State, disclosed that he once buried unexpended rounds of ammunition rather than risk being caught with them.

According to him, soldiers in the North-East theatre of operations face strict accountability for weapons but some still find ways to divert military supplies into the black market.

Another army officer confirmed witnessing the arrest of soldiers caught attempting to sell arms to Boko Haram insurgents in Maiduguri.

The officer, who spoke anonymously, described the situation as ‘a dangerous breach of trust that endangers fellow troops and undermines national security.’

The disturbing revelations align with earlier concerns raised by Nuhu Ribadu, National Security Adviser (NSA), who in October last year publicly condemned the infiltration of Nigeria’s security system by corrupt officials.

Speaking during the destruction of confiscated arms by the National Centre for the Control of Small Arms and Light Weapons in Abuja, Ribadu blamed the circulation of illegal weapons on internal sabotage within security agencies.

Ribadu cursed officers aiding the illicit trade, accusing them of betraying their oath of service.

He said a significant portion of the arms used by terrorists, bandits, and kidnappers across the country were originally government property but found their way into criminal hands through compromised personnel.

‘The proliferation of small arms and light weapons remains a major threat to our national security,’ Ribadu warned, adding that the menace was worsened by ‘merchants of death and evil’ operating both within and outside Nigeria.

According to Balogun, the recurring cases of arms diversion and internal sabotage continue to raise questions about accountability and oversight within Nigeria’s security architecture, even as the country battles to curb terrorism, banditry, and other violent crimes.

LG Clinches Top Prizes at Inaugural IFA 2025 Innovation Awards

LG Electronics (LG) has been recognized with 17 awards at the inaugural IFA 2025 Innovation Awards, including the top distinction, Best of IFA title. Established this year, the awards celebrate products that set new benchmarks in innovation, technology, design and market impact. With over 1,800 participating companies, winners were selected in 16 categories, including Mobility, Home Appliances, Home Entertainment, Design and Smart Home. The highest honors – Best of IFA, Best Tech Innovation and Best Brand – were reserved for the most outstanding entries.

The LG SIGNATURE OLED T, the world’s first wireless transparent TV, earned the Best of IFA award, underscoring LG’s leadership in advanced television technology. The groundbreaking product also won Best in Home Entertainment, achieving a double win at this year’s awards.

In addition to securing the Best of IFA title, LG received five Category Best awards in Mobility, Accessibility, Home Appliances and Home Entertainment, along with 11 Category Honoree recognitions in Home Appliances, Design, Smart Home and Home Entertainment. Collectively, these distinctions strengthen the company’s reputation as a global innovation leader and trusted industry pioneer.

In Mobility, LG’s Spielraum received the Best in Mobility award. This AI-powered mobility space solution blends personal wellness with multi-sensory experiences. Its compact cabin integrates built-in appliances, LG ThinQ ON and entertainment features, introducing a new mobility-linked lifestyle that expands the LG AI Home concept.

In Accessibility, LG’s Comfort Kit was named Best in Accessibility Focused Product. Designed to improve usability for people of all ages and abilities, it highlights LG’s focus on inclusive design.

In Home Appliances, LG’s AI Sense Clean Dishwasher and Microplastic Filter claimed the Best in Home Appliances award. The dishwasher’s intelligent wash system optimizes cycles and wash time based on load size and soil levels, while the filter removes microplastics released during the laundry cycle, combining convenience with environmental responsibility.

In addition to securing multiple Category Best awards, LG was also given Honoree distinctions across a wide range of fields, from Home Appliances to Smart Home, further underscoring its competitiveness in the global market. In the Best of Home Appliances category, LG earned four Honoree recognitions for its cutting-edge laundry and cleaning solutions, each boasting advanced performance with thoughtful design. The LG WashTower simplifies laundry with intuitive controls and AI-powered features, while the Washer and Dryer with Heat Pump enhances efficiency with reduced energy consumption. For floor care, the LG Robot Vacuum with Built-in Station features an auto-opening door that conceals the unit when not in use, and the LG Wet and Dry Stick Vacuum Cleaner employs AI Roller Control to sense movement direction, helping reduce wrist strain.

‘Winning 17 honors, including the prestigious Best of IFA award, is a strong validation of LG’s leadership in innovation and customer-focused solutions, said Mr. Hyoung Sub Ji, Managing Director, LG Electronics West Africa. For us in Nigeria and across Africa, it reinforces our promise to deliver technology that is not only advanced, but also meaningful to everyday life. We want consumers to see LG as the most trusted brand, one that consistently exceeds expectations and makes life better in every home.’

The company also received four Honoree awards in the Best in Design category for products that blend style and functionality. The Washer and Tumble Dryer Pair and TrueSteam Dishwasher present refined designs that integrate seamlessly into modern kitchens. The Next LG Massage Recliner complements living areas with its elegant aesthetics, while the LG Styler Mini offers a compact, premium solution that maximizes functionality in smaller spaces.

Designed to fit effortlessly into connected home ecosystems, the LG Robot Vacuum with Objet Station was acknowledged in the Best in Smart Home category. With automated docking, smart scheduling and ThinQ compatibility, it showcases LG’s expertise in building cohesive, AI-driven home solutions.

Furthermore, LG received recognition in the Home Entertainment category with Honoree awards for the LG Wireless OLED TV (M5) and the LG StanbyME 2, reinforcing the company’s global leadership.

For Nigerian consumers, these awards are a reassurance that every LG product purchased locally carries the same global standard of excellence, innovation, and trust.

50% PFAs blame low infrastructure investment on lack of bankable projects

Pension fund managers under the umbrella body of the Pension Fund Operators Association of Nigeria (PenOp) have blamed lack of bankable projects to low investment in infrastructure.

They also blame tight regulation and risk aversion as reasons for low investment in infrastructure, according to the inaugural PenOp report on role of pension funds in infrastructure investment in Nigeria’s economy released weekend.

According to the report, another 50 percent of the fund managers also said their preference was investing in either power or transportation, while also expressing their preference to debt infrastructure as against equity infrastructure.

The report sponsored by Stanbic IBTC Infrastructure Fund underscores the importance of infrastructure investment for Nigeria’s economic growth and development, and outlies challenges and strategies for pension fund managers to engage more actively in infrastructure investment and diversify their portfolios for stable and long-term returns.

‘100 percent of the respondents outlined that they were either considering or actively looking for infrastructure investments to add to their portfolio, officers at PenOp who worked on the report also said.

This is as 55 percent believe infrastructure is the most attractive alternative assets class with more than half of pooled managers admitting they actively look for in structure investment opportunities.

Infrastructure investment in Nigeria according to the report is crucial due to its impact on economic growth and development, stating that the lack of adequate infrastructure have direct implications to businesses, poverty reduction, and overall economic prosperity.

The report therefore emphasises the need for investment diversification and notes that investing in infrastructure can provide long-term stable cash flows, inflation protection and essential services.

However the report suggest that credit enhancements, transparent project execution, tax incentives and the proliferation of bankable projects could catalyse pension fund capital into infrastructure.

‘While infrastructure bonds are favoured as a conduit for investment, infrastructure, listed equity is less preferred due to market volatility. ‘Power and transport sectors are preferred choices for infrastructure investment, while agriculture and healthcare also hold potential, but caution was thrown around telecommunication due to concerns about crowding out of investment, according to the report.

Dolu Olugbenjo, chief investment officer, Stanbic IBTC Infrastructure Fund, who spoke on the fund’s performance said it has done very in the first five years of operation.

‘Our average year-on-year return has been around 18 -19 percent, even with a dip in 2023, growing consistently above the benchmark we promised our investors.’

Olugbenjo said the fund has catalysed over N200 billion in projects and the companies it has supported are projected to generate over N500 billion in revenue by year-end.

‘We’ve shown PFAs that infrastructure can deliver strong, risk-adjusted returns, now we need them to seize the moment and allocate more capital.’

‘The deficits we’re addressing are enormous, so we need owners of long-term capital to step up and partner with us, Olubgenjo said.

He said whether its power, ports, healthcare, student housing, or transport, it is ready to curate the right transactions for institutional investors.’

On the potential of these investments, he said, ‘We need refurbished airports, modern transport, reliable energy, and student accommodation, and all of it must be paid for, so the outlook is positive, but it requires a long-term view on Nigeria, not a short-term mind-set.’

‘If we take the long view, the results will come. We’re building what the country urgently needs, one project at a time, the Stanbic IBTC Infrastructure Fund boss said.