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Wale Tinubu CON, group chief executive, Oando PLC, has been awarded the prestigious Lifetime Achievement Award at Africa Energy Week (AEW) 2025, in recognition of his unwavering commitment to building Oando into one of Africa’s foremost integrated energy companies.

The award, one of the most coveted accolades at AEW, is presented annually to industry leaders whose careers have demonstrated extraordinary vision, resilience, and a lasting impact on Africa’s energy landscape. Past recipients have included trailblazers such as Benedict Okey Oramah, president of Afreximbank, who received the Mohammed S. Barkindo Lifetime Achievement Award in 2024; Hage Geingob, former president of Namibia, and H.E. Macky Sall, former president of Senegal, awarded in 2023; and Bruno Jean Richard Itoua, minister of Hydrocarbons, Republic of Congo, in 2022.

In conferring the award, the Africa Energy Chamber cited Tinubu’s ‘dedication to advancing Africa’s energy security, his bold leadership in navigating Oando through periods of uncertainty and transformation, and his pivotal role in demonstrating the power of indigenous companies in driving industrial growth and energy sovereignty across the continent.’ Throughout his career, Tinubu has been a steadfast champion of Africa, charting its own destiny by harnessing its abundant resources for the benefit of its people. A firm believer that anyone can achieve greatness with vision, determination, and the right team around them, he has led Oando from its modest beginnings as a local downstream operator into a multinational integrated energy player with a robust portfolio spanning exploration and production, power, and renewables. His leadership has not only positioned Oando as a continental leader but also symbolized African ambition, ingenuity, and resilience.

The Lifetime Achievement Award is widely regarded as a benchmark of excellence at AEW, reserved for leaders whose contributions have left an indelible mark on Africa’s energy sector. It recognises individuals whose sustained, more than decade-long careers embody remarkable achievements and enduring contributions to the oil, gas, and energy industries. Tinubu’s recognition was a fitting and well-deserved tribute to a leader who has consistently inspired others to believe in the promise of Africa and the power of its people.

In a significant event for cultural diplomacy, the documentary film ‘Uru Igba Boi’ (The Value of Apprenticeship) took centre stage at the Nigerian Institute of International Affairs (NIIA) in Lagos on 19 September. The screening was part of a high-level symposium on Nigeria-China cooperation, organised by the NIIA and the Chinese Consulate, which focused on fostering economic and cultural ties through film. The presence of senior officials from the Chinese Embassy and key stakeholders from the Igba Boi ecosystem highlighted the documentary’s importance as a means for international dialogue.

A Triumphant Project and Its Visionary Creator

This show was a crowning achievement for the film’s producer, Ijeoma T.M. Richards, a seasoned Nollywood figure with numerous acting credits.

For Richards, the project marked a fulfilling return to her first love: documentary filmmaking. She has long aspired to leverage her intellect and talent beyond acting, aiming to tell meaningful stories that illuminate Nigerian culture.

Uru Igba Boi is the realisation of that dream. The one-hour, twenty-two-minute film explores the highly successful Igbo apprenticeship system from Eastern Nigeria, examining its processes and significant influence.

The documentary has received notable recognition, being selected for various international film festivals and earning numerous esteemed awards.

Finalist for best documentary at Toronto International Nollywood Film Festival TINFF, 2025)

Honourable Mention at Hollywood Independent Filmmaker Awards and Festival (2024)

Official selection at the Alpine Frames Film Festival, Switzerland (2025)

Best actress in a supporting role, Nigerian Women Achievers Awards 2025

Official Selection at the I-Represent International Documentary and Bayelsa International Film Festivals (2025) Ijeoma Richards at the Nigeria-China forum.

Capturing a Cornerstone of Entrepreneurship

The documentary examines the Igba Boi system by visiting markets across Nigeria and hearing directly from its beneficiaries. It explores how the system has been fundamental to the Igbo people’s recognition as celebrated businesspeople worldwide.

Ms Richards told BusinessDay, ‘Although I am an award-winning actor and filmmaker who has primarily worked on feature films, documentaries are my true passion. Uru Igba-boi is my first feature documentary project, and it is the first of many more I plan to produce.

She added, ‘What an eye-opening journey this has been for me. My curiosity and desire to unravel and understand how things work is what draws me to documentaries. For a while, I have been fixated on deciding which story to tell, until one day, while I was with my eldest sister, I realised I wanted to know and understand how these quietly successful and focused Igbo businesspeople became who they are and what makes them so confident in their quiet, unassuming ways. I found that the common denominator was the training they all received, which is Igba-boi. The project started in 2023, so it is not new. It is only just beginning to gain traction and attention.

When the idea first came to me and I was satisfied with my initial questions, I shared my thoughts with my eldest sister, Chinwe Ifechigha, who I was with at the time. She said, ‘You should start the project immediately and not waste time, before it grows cold in your mind.’ Then she handed me a book she has on the subject of Igba-boi.’

At the NIIA symposium, the film sparked an expert debate on the system’s role as a driver of entrepreneurship and economic development. Chief Ngozi Emechebe, President of ASPAMDA and a prominent figure in the film, powerfully described Igba Boi as ‘God’s divine intervention for the Igbo race.’

He shared his personal journey, which began at the age of ten, following the Civil War. ‘I saw my dad bury his money because of the ‘only 20 pounds’ policy,’ he recalled.

‘I didn’t want to do boi-boi. I thought I was coming to Lagos for other things. I passed the Common Entrance Examination, and my name appeared on the list published in The Renaissance newspaper.’

Initially reluctant, Emechebe now passionately advocates for the system, noting, ‘You are subject to learning. It builds a culture of hard work. Your master opens his secrets to you. You learn practically. There is also mentorship.’ Ijeoma Richards, CEO Trimm Network/ producer Uru Igba-boi, Ms Yan Yuqing, Consul General of China, Maimuna Abaji Yahaya, CEO Mesba Arts Studios and producer of Traditions, Prof. Efem Ubi of the Nigerian Institute of International Affairs, NIIA.

A System Formalised: Timely Legislative Context

The documentary’s release is especially timely. On 10 September 2025, the Anambra State Igbo Apprenticeship Law came into force, officially recognising and regulating this traditional practice for the first time. The new law establishes a legal framework, including written agreements, a maximum seven-year training period, and a dedicated commission for oversight-modern protections designed to preserve the cultural practice while preventing exploitation.

Barrister Leo Chiegboka, Anambra State Liaison Officer, commended the documentary and described it as timely, considering the recently passed law on Igba-boi. He shared copies of the Anambra Igbo Apprenticeship Law and delivered a speech at the event.

The Filmmaker: Ijeoma Richards

Ijeoma Richards is a Nigerian actress, film producer, and President of the Nollywood Creative Minds Forum (NCMF). An MBA holder from the University of Lagos, her notable acting works include Malaysian Wives (nominated for the 2018 AMVCA) and Unforgivable (2023).

A firm advocate of professionalism, she advises aspiring actors to concentrate on refining their craft-excellent diction and delivery-rather than depending on a ‘pretty face.’ Describing herself as an introvert who enjoys books and quiet company, Richards also co-owns a property business in Lekki. She remains committed to her passion for documentary filmmaking, reinforcing her reputation as a thoughtful and versatile creative force.

Challenges included an accident caused by a careless driver that resulted in a two-month layoff, as well as respondents who initially agreed to interviews but declined at the last minute.

It has been positive overall.

‘The documentary, although there is still more ground to cover, has received impressive acceptance, particularly from the Igbo community. Yes, there has been positive feedback, with people requesting that more aspects of the system be documented. Members involved in the Igba-boi system are very interested in the project and have requested additional screenings. Some business owners from the Igba-boi system attended the recent screening at the Nigeria-China Cooperation Symposium on September 18, 2025, at the Nigerian Institute of International Affairs (NIIA).’

Ijeoma Richards is optimistic. ‘Working on this project has shown me how much we are empowered to tell our own story. We are more focused on the fleeting and losing the privilege of curating the wealth entrusted to us as a people. As for soft power, we need to learn more than a thing or two

from Hollywood. It’s the loudest example of soft power I can give. That industry told the world what to think, and it succeeded tremendously.

‘I’ll say go for it! Tell your own story, your own way, in whatever language you speak. The world has a place for you. And if you don’t, someone with

a camera will come, tell it their way, and you most likely won’t like it.’

You can expect to watch Uru Igba Boi at your convenience soon. Ijeoma Richards states, ‘The next step is distribution, which is already in process.’

Africacomicade, Africa’s leading catalyst for the immersive and interactive media industry, has announced the sixth edition of Gamathon Nigeria 2025, the flagship event of its continental tour, set to hold in Lagos.

The convention will also debut a $30,000 fund dedicated to supporting African game developers, highlighting its role as a launchpad for industry growth.

The gathering, themed ‘Bridge’, is being positioned as the continent’s most important platform for video games, extended reality (XR), animation, and digital creative industries. Organisers say the event will not only connect Africa’s innovators with investors, policymakers, and industry leaders, but also channel new funding opportunities, including the $30,000 Android Game Development Program, to help position African youth as creators in the fast-growing global digital economy.

Building on regional tours in Kenya, Ghana, and South Africa earlier this year, the Nigeria edition, the flagship event and grand finale of this year’s continental tour, will take place in Lagos from September 29 to October 4, 2025, and is expected to consolidate the movement into one transformative week.

‘The regional tours in Kenya, Ghana, and South Africa have demonstrated the immense talent and potential across our continent,’ said Michael Oscar, Founder of Africacomicade. He said the event would help unlock new opportunities for cross-border collaboration, investment, and youth empowerment.

Alongside the $30,000 development fund, the convention will feature the unveiling of new titles such as Relooted and the introduction of promising studios like Cregon Studios and the official launch of games from the Android Port Challenge, backed by Google.

In addition, the convention will award winners from the Sanlam Alliance Challenge and a special showcase of Tossdown, the recently published hit game, in an exclusive version. The event addresses a critical market opportunity as Africa’s gaming and creative tech sectors experience growth. With the continent poised to contribute significantly to the next billion digital consumers globally, Gamathon 2025 focuses on positioning African youth as creators rather than merely consumers.

‘The next billion players are coming from the continent,’ emphasised Oscar. ‘It’s crucial to position our youth as creators to ensure a sustainable future for our society and economy.’

Thousands of women across Warri and neighbouring communities in Delta State trooped to Urhobo College last weekend to receive food packs from Glo Foundation under its ‘Giving Back Together’ initiative.

The outreach formed part of Globacom’s ongoing intervention programme aimed at easing economic hardship by supporting the most vulnerable segment of the society with essential food and other household items.

Saturday’s food distribution attracted women of all ages, including widows, from Warri North, Warri South, Aladja, Ughelli South, Udu, and Uvwie local government areas. They assembled shortly after the state’s monthly environmental sanitation exercise in order to benefit from the scheme.

Globacom’s Head of Corporate Social Responsibility, Jumobi Mofe-Damijo, noted that Delta was the latest stop for the initiative after similar exercises in other states. She explained that the food drive was designed to reach the female population, who often bear the heaviest burden in difficult times. ‘Our Food Drive is not just for anyone. It is targeted at the most vulnerable segment of the Nigerian society, that is women and children. When we help them, we are helping the society at large,’ she said.

Each package contained 5kg of rice, 5kg of gaari, semovita, spaghetti, vegetable oil, tomato paste, sardines, seasoning cubes, noodles, and other essentials.

The gesture sparked joy, with beneficiaries breaking into songs and dances. Princess Omo-Udoyo of Ughelli North said, ‘I have not seen this before. I thank God and Glo Foundation for this gift.’

For Esther Okoro from Otu Jeremi, Ughelli South, gratitude came in form of prayers. ‘God will lift the company and people who have done this. He will lift them higher and higher. They will never lack anything. For doing this for us today, I say may God protect them. You will always go higher.’

The initiative will extend to more cities across the country in the coming months, with thousands of women expected to benefit.

The Edo State Internal Revenue Service, (EIRS) said it has generated the sum of N79 billion out of the N100 billion target by the State in 2025 fiscal in the last nine months.

Oladele Bankole-Balogun, the executive chairman of EIRS, disclosed this during a meeting with heads of Ministries, Departments and Agencies, MDAs permanent secretaries, and directors in Benin- City.

Bankole-Balogun, however, warned that leakages by Ministries, Departments and Agencies, MDAs, threaten sustainable growth.

He added that between January and June, 2025, the agency generated N52.6 billion representing a 46 per cent increase over the 2024 generation.

The EIRS who described revenue as the ‘lifeline of development,’ insisted that Edo must position itself as a frontrunner in implementing the new framework.

He also disclosed that the state government would be adopting the Treasury Single Account (TSA) as part of policy reforms to boost revenue generation and block leakages.

‘These results are commendable. Yet, by the standards of the governor, the expectations of Edo people, and the possibilities before us, there is still much more to do. ‘A fundamental tool for achieving this is the Single Treasury Account (TSA), which we have begun to institutionalize.It ensures that all government receipts flow through a transparent,centralized account-eliminating cash handling,reducing leakages, and improving accountability.

‘Going forward,we will insist that all revenue streams be remitted into the IGR account, with proper digital trials and accountability’, he said.

He explained that there was the need to close leakages, comply fully with the Treasury Single Account (TSA), and align with the Nigerian Tax Reform Acts set to take effect Jan. 1, 2026.

He said the meeting was more than administrative, and a clarion call for unity, collaboration, and shared purpose in building the Edo State of our dreams

‘Revenue is not an end in itself; it is a means – a means to better roads, stronger health systems, vibrant education, safe communities, and dignity for all citizens of Edo State. ‘Every MDA must become ‘a revenue-generating asset in its own right’ while ensuring compliance with digital systems and TSA requirements.

While highlighting the opportunities in the 2025 Nigerian Tax Reform Acts, he said it would consolidate multiple tax laws into a unified Nigeria Tax Act (NTA).

He also explained that the reforms expanded the tax net to digital assets and informal commerce, introduced a four per cent development levy, and established new institutions like the Nigeria Revenue Service (NRS) and a Tax Ombudsman.

‘The new framework simplifies, digitalises, and makes tax administration more predictable.

‘Edo must align internal processes, adopt e-receipting and digital reporting, and leverage our informal and digital economy for sustainable growth,’ he added.

He, however, urged MDAs handling land, urban planning, permits, and business registrations to strengthen compliance under the restructured stamp duty and real estate provisions.

He also called for sustained partnership, with the MDAs stressing that, ‘We do not ask for compliance by fiat, but by reason, trust, systems, and partnership.

‘Think of the untapped potential in land and planning agencies, in building control, in informal trade regulation, in permitting systems, and in new business registration,’ he advised.

‘We invite each of you to own the vision, to embed revenue-conscious thinking in your agencies, and to commit to the discipline that accountability demands.’, stated.

On his party, Jackson Eribo, Executive Director of MDA Services, listed some of the challenges hindering revenue optimisation to include illegal opening of revenue accounts, cash collections against the state’s cashless policy, and partial remittances

Eribo listed other challenges to include fragmentation of systems outside the Edo Revenue Administration System (ERAS), and non-compliance with Tax Clearance Certificate (TCC) requirements.

He noted that the continued violation of the state’s cashless policy through cash collections and partial remittances remains a serious concern.

Canada’s has formally ceased its permanent residency (PR) pathway for foreign nationals through its flagship Home Care Worker Immigration Pilots (HCWP).

Immigration, Refugees and Citizenship Canada (IRCC) confirmed the permanent closure of the pathway intended for caregivers applying from outside the country, ending a long period of uncertainty for prospective applicants.

The HCWP, which launched with separate options for Home Support and Child Care, was initially presented as including streams for workers abroad. However, despite early assurances, the international intake component never opened for applications and has now been officially discontinued. Backlog blamed for sudden closure

While IRCC has not provided a formal explanation for the decision, available data strongly suggests the closure is a direct result of the immense backlog in caregiver applications.

As of September 11, 2025, IRCC’s inventory of caregiver applications, which includes both the current and older pilot programs, stood at a staggering 34,400.

The department has stated its intention to process only 14 per cent of this figure, equating to 4,816 applications by the end of the year.

With Canada having already admitted 4,200 new permanent residents under caregiver pilots between January 1 and September 11, 2025, only approximately 600 spaces remain for the rest of the year.

This allocation falls significantly short of the 2,750 new permanent residents originally planned for the in-Canada stream of the HCWP alone. The closure therefore aligns with a broader governmental policy shift to prioritise the transition of temporary residents already within Canada to permanent status.

This strategy is reflected in recent category-based Express Entry draws favouring the Canadian Experience Class (CEC), and federal instructions requiring provinces to dedicate 75 per cent of their nomination allocations to candidates already residing domestically.

Alternative immigration options remain

Despite the end of the international HCWP stream, foreign caregivers still retain several avenues to immigrate. They are:

Express entry: Workers whose roles fall under National Occupational Classification (NOC) 33102 (nurse aides, orderlies, and patient service associates) remain eligible to apply through the federal Express Entry system.

They may benefit from the popular category-based selection draws for healthcare and social services roles, although it is highly competitive.

The most recent healthcare-specific draw required applicants to achieve a Comprehensive Ranking System (CRS) score of 470. Provincial Nominee Programmes (PNPs): Several provincial governments continue to actively invite caregivers through their respective nomination streams. These include:

Manitoba: Skilled worker overseas stream.

Ontario: Employer job offer: Foreign worker stream (through the Ontario Immigrant Nominee Program).

New Brunswick: Priority occupations stream

Newfoundland and Labrador: Skilled Worker category.

Canada has set an overall limit of 10,920 permanent residents for 2025 across all economic federal pilots, a number that encompasses the Caregiver Pilots alongside programmes such as the Agri-Food Pilot and Start-up Visa Program.

The naira appreciated significantly in the official foreign exchange (FX) market in September, recording a N50.75 gain against the dollar.

At the close of trading on Tuesday, the naira strengthened to N1,475.34 per dollar, a 3.3 percent gain from N1,526.09/$ at the start of the month, according to data from the Central Bank of Nigeria (CBN).

On a day-to-day basis, the local currency also appreciated slightly by 0.07 percent or N1.00, up from N1,476.34/$ on Monday at the Nigerian Foreign Exchange Market (NFEM), CBN data showed.

In the parallel market, commonly referred to as the black market, the naira gained 3 percent over the month, closing at N1,495 on Tuesday compared to N1,540 at the beginning of September.

Nigeria’s external reserves also rose, reaching $42.32 billion as of September 29, 2025, an increase of 2.17 percent from $41.42 billion at the start of the month.

Bala Moh’d Bello, a member of the Monetary Policy Committee (MPC), stated that the naira’s relative stability reflects the impact of tighter liquidity, growing investor confidence, and recent reforms in FX management. He added that speculative activity in the FX market has declined significantly, enhancing transparency and supporting market-based price discovery. According to him, this stability is expected to continue in the medium term, underpinned by rising reserves, which stood at $40.11 billion as of July 18, 2025, enough to cover about 9.5 months of imports.

Another MPC member, Aloysius Uche Ordu, said the naira’s appreciation and the narrowing gap between official and Bureau de Change (BDC) rates highlight improved FX liquidity. He credited strong remittances and foreign portfolio inflows for the boost in reserves, also noted at $40.11 billion in July.

The CBN’s latest quarterly economic report showed total FX inflows rose by 4 percent quarter-on-quarter (q/q) and 26 percent year-on-year (y/y) to $29 billion in Q1 2025. This continues a trend seen since Q4 2023, mainly driven by the CBN’s tight monetary stance.

However, FX outflows climbed at a faster pace, rising 14 percent q/q and 33 percent y/y to $13.8 billion, marking the highest quarterly outflow since Q2 2020. As a result, net FX flows stood at $15.2 billion in Q1 2025, slightly down from $15.8 billion in Q4 2024.

Analysts at FBNQuest noted that robust FX inflows in Q1 2025 were primarily fueled by autonomous sources, which surged to $20.7 billion from $16.3 billion in Q4 2024, the highest since the COVID-19 pandemic, though still below the $27.5 billion recorded in Q1 2020.

They attributed the increase to higher market interest rates that spurred carry trade flows, along with CBN’s FX reforms that improved transparency and price discovery. Although the CBN does not disclose a detailed breakdown, FMDQ data used as a proxy showed foreign portfolio investment (FPI) inflows rose 40 percent q/q and 101 percent y/y to $4.9 billion.

Ola Olukoyede, executive chairman of the Economic and Financial Crimes Commission (EFCC), has called on public and private sector organisations in Nigeria to integrate fraud risk assessment and control mechanisms into their governance frameworks to strengthen transparency and accountability.

Olukoyede made the appeal on Tuesday, at the launch of the ISO 37003:2025 Fraud Control Management System held at the Transcorp Hilton, Abuja.

The event was organised by the Standards Organisation of Nigeria (SON) in collaboration with the British Standards Institution (BSI).

Delivering a keynote address entitled, ‘Integrating Fraud Risk Assessment and Control into Governance of Organisations,’ Olukoyede, represented by Ibrahim Shazali, director of Fraud Risk Assessment and Control of the EFCC, described fraud as a ‘pervasive and complex issue’ that causes enormous financial and reputational damage to organisations.

‘Fraud risk assessments provide an opportunity for identifying, analysing, and mitigating the effects of fraud risks in organisations,’ he said, warning that threats such as asset misappropriation, corruption, and fraudulent financial reporting could cripple institutional capacity if not properly addressed.

Olukoyede highlighted the significance of ISO 37003:2025, which he said offers a globally recognised framework for organisations to prevent, detect, and respond to fraud systematically and sustainably.

He further disclosed that in 2024, the EFCC established the Department of Fraud Risk Assessment and Control (DFRAC), mandated to carry out fraud risk assessments across ministries, departments, and agencies (MDAs).

According to him, the unit has been focusing on measures such as segregation of duties, adherence to approval limits, cybersecurity safeguards, transparency protocols, whistleblower arrangements, and targeted awareness programmes to enhance governance and compliance in the public sector.

‘Fraud prevention is a collective responsibility. Our partnership with ISO and SON is crucial in promoting international best practices in fraud prevention and control. ‘By sharing knowledge, expertise, and resources, organisations can strengthen their defences against fraud and promote a culture of integrity and transparency,’ he added, noting that EFCC’s initiatives will also be extended to sub-national levels.

In his remarks, Chukunonso Okeke, Director-General/Chief Executive of SON, represented by Talatu Ethong, Director of Corporate Affairs, described the unveiling of the standard as a ‘historic occasion’ and a major milestone in Nigeria’s role in international standardisation.

‘Today, we are not merely unveiling another international standard, but a powerful instrument to strengthen transparency, accountability, and good governance in Nigeria.

‘With ISO 37003:2025, we now embrace a proactive and structured framework for fraud prevention, detection, and response,’ Okeke said.

He also praised Nigeria’s leadership role in shaping the new standard through SON’s active participation in the ISO/Technical Committee 309 Working Group 8, paying tribute to Professor Oserheimen Aigberaodion Osunbor for positioning Nigeria as a global player in fraud control standardisation.

Abdullahi Bello, Chairman of the Code of Conduct Bureau (CCB), in a goodwill message, commended SON and BSI for driving the initiative.

He described ISO 37003:2025 as ‘a robust framework for fraud prevention, detection, and response’ and expressed optimism that it would further entrench integrity in Nigeria’s governance and business environment.

Other speakers at the event included David Adamson of the British Standards Institution, the representative of the Minister of Industry, Trade and Investment, Kevin Hyland who presented a paper on ‘Criminality and Rule of Law: Impacts on Global Trade,’ as well as representatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Central Bank of Nigeria (CBN), and the Technical Unit on Governance and Anti-Corruption Reforms (TUGAR).

The highlight of the event was the official declaration by SON of the adoption of ISO 37003:2025 Fraud Control Management System for use in Nigeria.

Civil society organisations, opposition party figures, and economic experts have applauded President Bola Ahmed Tinubu’s administration for the Lagos-Calabar Coastal Highway project, describing it as a landmark initiative that could transform Nigeria’s infrastructure and boost economic growth. The commendations came during a project inspection tour in Lagos, led by the Minister of Works, Senator David Umahi, where stakeholders noted the quality of execution and urged Nigerians to rise above political divides in supporting developmental projects.

Umahi disclosed that the first section of the 750-kilometre coastal highway stretching from Ahmadu Bello Way, Victoria Island, Lagos, to Eleko, Lagos would be completed by May 2026. He revealed that 35 kilometres had already been completed, leaving 12 kilometres to finish the initial segment. According to him, the first section covers 47 kilometres of the coastal highway, and work has also commenced on the second section from Eleko, Lagos, to Ode-Omi, Ogun State. He highlighted the government’s efforts in saving properties such as the Landmark Centre, clearing refuse up to a depth of 10 metres, and using concrete technology to ensure road durability. ‘Emerging economies like India have adopted concrete for enduring roads, and Nigeria must follow suit,’ he added.

Otunba Segun Showunmi, a chieftain of the Peoples Democratic Party (PDP) and convener of The Alternative, stressed the need for national consensus around development. ‘You cannot develop a nation without a long-term plan. What I have seen so far today is commendable, I must tell you. Beyond our political ideological differences, we need to, as a nation, breathe in and out to explore how to achieve consensus to develop our nation,’ he said. Showunmi pointed to global examples: ‘When you look at countries like Singapore, India, and UAE, their achievements have come through building consensus for national development. A nation at 65 must be in a hurry to link its infrastructure to model after other globally competitive economies.’ He urged Nigerians to have ‘the courage to build the kind of things that will position it as a country to turn the corner and go full throttle in investing in legacy infrastructure projects that will transform the economy.’

Olufemi Awoyemi, Chairman of Proshare Group, described the Lagos Calabar Coastal Highway as a ‘test case’ for financing large infrastructure projects. ‘This is an alternative, providing a primary route for cross-country connectivity, away from the current congestion, and a test case for big infrastructure projects and their financing,’ Awoyemi said. According to him, the project has the potential to open up trade routes and provide long-term relief to Nigeria’s congested transport systems, while stimulating investment in adjoining communities.

Leaders of over 20 civil society organisations (CSOs) were also part of the tour. Declan Ihekaire, one of the CSO representatives, welcomed the government’s decision to involve stakeholders in monitoring the project. ‘We, as CSOs, must not condemn every time. When we see where they are getting it right, we should talk so that we encourage them. Ultimately, the beneficiaries of good initiatives are the people,’ he said, adding that constant engagement between government and citizens would boost accountability and help sustain public confidence in national projects. Umahi also responded to concerns about properties and investments allegedly affected by the highway construction. He assured the public that due process would be followed. ‘We will unravel the issues around the WinHomes and allegations of about $200 million of diaspora investments in the real estate project. We will involve the EFCC and DSS to investigate the matter alongside civil society organisations,’ he stated. The Minister promised regular briefings with the media and stakeholders to provide progress reports and maintain transparency.

Beyond the Lagos Calabar Coastal Highway, Umahi outlined three other ‘legacy projects’ under Tinubu’s administration: the 477-kilometre Trans-Saharan Highway traversing Calabar, Ebonyi, Kogi, Benue, Nasarawa, and the FCT; the 422-kilometre Akwanga-Jos-Bauchi-Gombe Expressway; and the 1,068-kilometre Sokoto-Badagry Superhighway. ‘We will continue to reiterate that roads and bridges are the infrastructure that build the GDP of every nation. And it is from this that the GDP of other sectors will grow,’ Umahi said. He linked Tinubu’s vision for the coastal highway to his record as Lagos governor. ‘President Bola Ahmed Tinubu has this knowledge; he has demonstrated it when he was Governor of Lagos State and you can see that Lagos State is an economy within an economy. That is why we are doing everything possible to develop infrastructure according to his vision and mission.’

Stakeholders at the inspection agreed that Nigeria’s infrastructure challenges required collective action, not political rivalry. ‘Consensus is the key,’ Showunmi reiterated. ‘If we must compete with global economies, we cannot afford to politicise every national initiative. Nigerians must support projects that promise to unlock growth and prosperity.’

The Lagos Calabar Coastal Highway, projected at 750 kilometres, is expected to be one of the most ambitious road projects in Africa. With sections already underway and a completion date for the first stretch set for 2026, stakeholders believe the project could redefine Nigeria’s transport network and unlock significant economic opportunities. For now, the project has managed to attract rare bipartisan praise, suggesting that infrastructure may be the bridge for consensus in a divided political landscape.

President Bola Ahmed Tinubu, on October 1st broadcast, called on citizens to embrace the culture of tax compliance as the nation works toward economic recovery and inclusive growth.

Delivering his address to mark Nigeria’s 65th Independence anniversary, Tinubu said that while the government is ‘plumbing of the economy,’ citizens must play their part by paying taxes and supporting homegrown enterprise.

‘Let us be a nation of producers, not just consumers. Let us farm our land and build factories to process our produce. Let us patronise ‘Made-in-Nigeria’ goods. I say Nigeria first. Let us pay our taxes,’ the president urged.

The call comes as the administration announced a rise in Nigeria’s tax-to-GDP ratio from below 10 percent to 13.5 percent in just over two years, with a new tax law expected to take effect in January 2026.

According to Tinubu, the law will not increase burdens on existing taxpayers but will expand the tax base and provide relief for low-income earners.

‘The tax law is not about increasing the burden on existing taxpayers but about expanding the base to build the Nigeria we deserve and providing tax relief to low-income earners,’ he said. The president highlighted a series of economic milestones his administration has achieved since May 2023, including N20 trillion in non-oil revenue mobilised by August 2025, a rebound in oil production to 1.68 million barrels per day, and foreign reserves climbing to $42.03 billion, the highest level since 2019.

But he cautioned that Nigeria’s economic transformation would not be sustained without a sense of civic responsibility from its citizens.

‘The accurate measure of our success will not be limited to economic statistics alone, but rather in the food on our families’ tables, the quality of education our children receive, the electricity in our homes, and the security in our communities,’ Tinubu said.

On the 65th anniversary of independence, Tinubu positioned tax compliance as central to the country’s long-term vision of a prosperous and self-reliant Nigeria.

‘With Almighty God on our side, I can assure you that the dawn of a new, prosperous, self-reliant Nigeria is here,’ he concluded.