The arrogance of power: Why PENGASSAN’s tactics hurt the people most

The irony is not just thick; it is crippling. In a country where the vast majority struggle with erratic power, soaring costs, and the daily humiliation of underdevelopment, we have come to accept and even, in some cynical quarters, applaud the deliberate interruption of critical national services as a standard tool of industrial negotiation. The ongoing strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), which cut gas supply and contributed to a significant drop in power generation across the country, is the latest and most egregious example of this culture of institutionalised cruelty. It proves the central tragedy of modern Nigeria: we have built a society so devoid of collective compassion that holding 230 million people hostage is considered a ‘flex’ rather than a colossal act of economic and social sabotage.

‘The Manufacturers Association of Nigeria condemned the union’s action as ‘unconscionable’ and a grave threat to investor confidence, asking how any investor would commit billions of dollars only to see their project decimated by industrial disputes.’

The core argument of the unions, that they are fighting for justice against an unscrupulous employer like the Dangote Refinery, is, on the face of it, entirely legitimate. Allegations of unlawful dismissals and anti-labour practices for unionisation are serious infractions that must be swiftly and forcefully addressed. However, the strategic weapon deployed, i.e., the paralysis of the national energy grid and the threat of fuel scarcity, is a deeply flawed and morally bankrupt choice. It is a classic case of wielding a ‘double-edged sword’ with such reckless abandon that the champion inflicts the most debilitating wounds on the very society it claims to represent.

When PENGASSAN halts gas supply, the consequence is not merely a loss of profit for the refinery; it is a direct blow to thermal power plants, which generate over 70 percent of Nigeria’s electricity. As the Nigerian Independent System Operator (NISO) confirmed, the action led to widespread generation shortfalls and required emergency measures to avert a nationwide blackout. For the small business owner whose refrigerated stock spoils, the student who cannot read at night, or the patient in a hospital relying on an unstable public supply, the strike is not a fight for workers’ rights; it is an act of calculated oppression.

This disproportionate use of power is not a new phenomenon; it is a structural problem. The oil and gas unions, along with those in electricity and public administration, represent a tiny, highly concentrated fraction of the workforce, just 7 percent of Nigeria’s entire labour force. Yet, because they are strategically located in the ‘critical, interconnected sectors of the economy’, their actions create a ‘domino effect’ that grinds the country to a halt. The paradox is clear: an elite, protected minority uses its strategic chokehold to demand redress for its members while inadvertently reinforcing the hardship on the vast 85 percent of the population operating in the unprotected informal sector.

The reaction from the broader economic community is telling. The Manufacturers Association of Nigeria condemned the union’s action as ‘unconscionable’ and a grave threat to investor confidence, asking how any investor would commit billions of dollars only to see their project decimated by industrial disputes. I agree with them. I also agree with the economists and consumer groups who warned against ‘holding over 230 million Nigerians to ransom’ and urged the unions to seek redress in the National Industrial Court, rather than deploying ‘terror tactics’ against a strategic national asset.

For Nigerian trade unionism to remain a relevant and positive force, it must move away from the ‘strike-as-a-primary-tool model’. This is not an argument against the right to strike but against the right to deliberately inflict maximum, widespread suffering as a first resort. It is a call for a strategic evolution towards ‘research-driven policy alternatives, technical advocacy, and strategic litigation’.

The unions’ true fight for justice should involve expanding their focus to the unrepresented 85 percent of the informal sector. Until then, when PENGASSAN throws the switch on the national grid, it is not merely disrupting the market; it is exposing a profound, self-inflicted flaw in the country’s character: a willingness to sacrifice the common good for sectional demands. It is the arrogance of power that mistakes the ability to inflict pain for true national relevance. Nigerians deserve, and must demand, a more compassionate and constructive model of advocacy.

Nigeria among the top 5 African economies by GDP in Q3 2025

Africa remains one of the world’s most dynamic continents, blessed with immense cultural wealth, a young population, and abundant natural resources, beyond its oil, gas, and mineral riches, that are increasingly shaped by fast-growing non-resource sectors such as services, technology, and agriculture. This shift is evident in the global recognition of African fintech giants, Kuda(Nigeria/UK), MTN South Africa(South Africa), Flutterwave(Nigeria), Palmpay (Nigeria), Tala(Kenya/US), Piggyvest(Nigeria), and Yoco(South Africa), all ranked among the top 250 fintech organisations.

According to Statista, here are the top 5 African countries with the highest GDPs for Q3 of 2025

South Africa – $410.34 Billion

South Africa continues to hold the top spot with a GDP of $410.34 billion. The economy grew by 0.1% in the first quarter of 2025 compared to the final quarter of 2024. Its growth is supported by a diversified economic structure: mining and resource exports (platinum, gold, chromium), robust manufacturing industries (automotive, machinery, chemicals), a sophisticated services sector (finance, insurance, telecommunications), and strong infrastructure (ports, railways, and roads). These pillars collectively sustain South Africa’s role as the most industrialised economy in Africa. Egypt – $347.34 Billion

Ranked second, Egypt’s $347.34 billion GDP reflects its strategic position and diversified income sources. The Suez Canal remains a vital stream of foreign exchange through transit fees and related services, while tourism and hospitality draw millions annually to its ancient sites and coastal resorts. Egypt also maintains strong hydrocarbon, refining, and petrochemical industries, which bolster both domestic industries and export earnings. Its mix of history, geography, and industrial strength makes Egypt a key African economic hub. Algeria – $268.89 Billion

Algeria’s $268.89 billion economy is still heavily dependent on oil and gas, which account for the bulk of exports and government revenues, according to the IMF. Despite this reliance, the country has invested significantly in infrastructure and social development over the last decade, helping reduce poverty and improve living standards. While hydrocarbons dominate, Algeria’s gradual shift toward broader development reflects a long-term effort to build resilience against oil price shocks. Nigeria – $188.27 Billion

Nigeria, with a GDP of $188.27 billion, ranks fourth in Africa. As the continent’s most populous country, it benefits from a vast domestic market. Oil and natural gas remain its primary sources of foreign exchange, but Nigeria’s economy is increasingly powered by the services sector. Information and communication technology, telecommunications, Nollywood (its globally recognised film industry), and financial services are expanding rapidly. Industrial giants such as Dangote Cement and the newly launched Dangote Refinery highlight Nigeria’s ambition to strengthen its role not just in West Africa, but across the global energy and manufacturing landscape.

Morocco – $165.84 Billion

Morocco rounds out the top five with a GDP of $165.84 billion. Its economic model is built on diversification and deliberate long-term planning. Phosphates and fertiliser derivatives remain important exports, but Morocco has also developed a competitive automotive industry that supplies European markets, a growing aeronautics sector, and a strong tourism industry that draws foreign spending. This balanced growth approach has allowed Morocco to quietly but steadily establish itself as one of Africa’s most competitive economies.

Nigeria Innovation Summit ushers in a decade of future-ready innovation

As Nigeria positions itself at the forefront of Africa’s innovation landscape, the 10th edition of the Nigerian Innovation Summit (NIS) marks a major milestone in the nation’s digital and technological journey.

Since its inception in 2016, the summit has grown into a critical platform for cross-sector dialogue, policy reform, and groundbreaking innovation, having recorded participation of over 12,000 from different sectors. This year’s edition, themed ‘Sustainable Innovation,’ promises to inspire conversations that set a bold agenda for the continent’s future.

Backed by partners such as the Nigerian Communications Commission (NCC), MTN Nigeria, Lagos Chamber of Commerce and Industry (LCCI), the International Society for Professional Innovation Management (ISPIM), stakeholders in Blockchain Technology Association of Nigeria (SiBAN), the African Innovation Academy, the Credit Bureau Association of Nigeria (CBAN), the Bank of New Innovation (BONI), QNET, eHealth Africa, and strategy and PR firm, Phenom Communications, the summit is positioned to deliver unmatched value.

This year’s summit will feature a keynote address from Aminu Maida, executive vice chairman and CEO of the Nigerian Communications Commission; Chinyere Almona, DG/CEO, Lagos Chamber of Commerce and Industry (LCCI); Michelle Lane Messina, CEO of Explora International LLC; Toyosi Akerele-Ogunsiji, founder and CEO of Rise Networks and Rise Interactive Studios, Africa; Eghosa Urhoghide, managing director of the Edo State Information Communication Technology Agency, and Obinna Iwuno, president of SiBAN.

Other speakers include, Teresa Aligbe, CEO, Phenom Communications; Sheila Moor, founder and CEO of Fresh Fare HQ; Caroline Moore, founder/CEO, Ideamarketplace; Nnedinma Obioha, founder/CEO, TecTerminal Ltd; Adaobi Orajiaku, founder of Atsur; and Richard Sodienye Pepple, founder, Technoville; Chiemela Anosike, CEO and founder of Solaris GreenTech Hub; and Kevinblak (popularly known as Governor Amuneke), a creative force in Africa’s digital entertainment scene.

The media reach of the summit continues to expand, with partnerships from top technology and business outlets including Techtrends Africa, The Cable News, Techclout Africa, Tech Insider, Techeconomy, Brand Times, ITPulse, Nigeria Communications Week, Founder Story, The Nigerian Economy, Rave News Online, Coinratecap, among others.

As the Nigerian Innovation Summit celebrates a decade of thought leadership and transformative collaboration, this edition stands as a pivotal moment for innovators, entrepreneurs, policymakers, and investors. More than just a gathering, it is a strategic call to action for building a resilient, inclusive, and future-ready Africa.

Cybersecurity is crucial for SMEs growth, says Osholeye

Omowunmi Osholeye, a corporate banker and researcher on digital finance and cybersecurity, has asserted that the growth and survival of SMEs in today’s digital economy depend on integrating strong cybersecurity measures into their operations.

Disclosing this recently in a press briefing, she underscored the growing cyber threats facing SMEs.

Osholeye, who in 2021 published ‘The Growth of Digital Currencies and the Impact of Cyber Risk,’ explained that cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs) are not speculative bubbles but represent ‘a significant shift reshaping the future of finance.’

According to her, the COVID-19 pandemic accelerated this shift as lockdowns forced businesses, trade, and payments online, making digital wallets and cashless services part of daily life.

She noted that for SMEs, this rapid transition opened new markets through faster transactions, but at the same time exposed them to cyberattacks.

‘Technology alone cannot safeguard businesses. Most SMEs lack the funding and technical support needed to protect themselves, which makes them easy targets for cybercriminals,’ Osholeye said.

Her warning comes as cybercrime continues to surge globally, rising in tandem with the adoption of digital financial systems. Phishing emails, ransomware, and impersonation scams have become dominant threats.

The Cybersecurity Breaches Survey confirms this trend, reporting phishing as the most frequent cybercrime targeting businesses.

Small firms, Osholeye added, are particularly vulnerable to impersonation attempts, with cybercriminals replicating staff emails or fabricating supplier invoices to steal funds.

‘Digital currency adoption without cybersecurity measures is a dangerous trap,’ she cautioned. ‘A business cannot scale if its cash flow is at risk from cyberattacks; similarly, a loan becomes worthless if ransomware drains a company’s accounts.’

Osholeye also argued in the statement that digital finance can significantly contribute to economic growth in emerging markets, but only if cybersecurity safeguards are built into financial systems from the ground up.

‘Without these protections, the growth potential of digital currencies will be severely compromised,’ she stated.

She pointed to practical steps SMEs can adopt, drawing attention to the UK National Cyber Security Centre’s Small Business Guide, which recommends simple but effective measures such as securing passwords, implementing two-factor authentication, and regularly backing up data.

Looking ahead, Osholeye highlighted that digital currencies, blockchain, AI-driven fintech platforms, and CBDCs will continue to shape the future of global finance. However, each technological advance also increases the exposure of SMEs to cybercrime.

She concluded by urging SMEs to take proactive steps to secure their digital infrastructure. Osholeye is a seasoned corporate banker and researcher whose work bridges development economics and digital security, with a focus on how emerging technologies shape financial growth and risk management.

Nigeria at 65: From complaints to collective action

At 65, Nigeria is old enough to command respect, yet young enough to reinvent itself. But instead of marking this milestone with pride, many Nigerians have chosen to curse the country, to refuse to celebrate her, and to dismiss her future as hopeless. This trend is not only dangerous, it is self-destructive.

Words create perception.

Nigeria is not just a government; it is her people. When we curse Nigeria, we curse ourselves. When we brand our country as corrupt, hopeless, or irredeemable, we reinforce the very stereotypes outsiders already hold against us. We are the first ambassadors of Nigeria, and the words we use shape both global perception and our national identity.

Other nations face deep flaws. The United States struggles with racism and inequality, the UK with economic stagnation and disunity, and the EU with political fractures. Yet, their citizens rarely call their countries worthless. They criticise, yes, but they also defend. That balance is why they maintain global respect. Meanwhile, many Nigerians reduce their contributions to WhatsApp rants and social media curses.

A call to build, not just complain

Nigeria does not need more spectators; she needs builders. If all we can offer at 65 years of independence is condemnation, then history will count us complicit in the very decline we complain about.

Here is what real engagement looks like:

Organise politically: If the existing parties have failed us, let us create a new one not driven by moneybags but by like minds. A party built on brains, not bullion vans. One that thrives on ideas, strategy, and a clear manifesto rather than cash politics.

Step up and step in: Criticism from the sidelines will not fix Nigeria. Some of us must run for office, starting at the local level. Others must lend expertise to credible candidates. When your children ask what role you played, it will not be enough to say you forwarded complaints on WhatsApp.

Share solutions across sectors: We can build citizen-led organisations that track government promises, monitor manifestos, and demand accountability. If leaders promise 1,000 schools, we must count them. If they pledge roads, we must check if they were built. Accountability is not foreign; it is local, and it begins with us.

Leverage our connections: Let’s face it, every Nigerian knows someone in government. A friend, a cousin, a classmate, a neighbour. Instead of gossiping about failings, let’s use these connections to push for reforms and real change.

Nigeria happened to us.

Nigeria is not an abstract idea; it is us. It is our families, our communities, our future. To curse Nigeria is to curse ourselves. To abandon her is to abandon what is possible.

This Independence season, let us resolve to move beyond lamentation to organisation, beyond cynicism to activism, and beyond criticism to contribution. Nigeria at 65 is not the end of the story. It can be the beginning of a new chapter, but only if we write it together.

TAFTA, Mastercard Foundation empowers 50,000 youths in creative arts

Terra Academy for the Arts (TAFTA) and the Mastercard Foundation have trained about 50,000 youths in theatre and creative arts.

Joseph Umoibom, Academy Lead at TAFTA, while speaking at the TAFTA Action Learning Project (TALP-X), stated that with the support of the Mastercard Foundation, TAFTA has trained approximately 50,000 youths across Lagos, Ogun, and Kano States.

‘Many of our participants have never stood on such a platform before. To now see them write, script, and perform their own productions on Nigeria’s biggest theatre stage is proof of their boldness and growth,’ Umoibom said.

He described the initiative as a celebration of talent, creativity, and teamwork, while highlighting the scale of the impact.

The creativity and achievements of young Nigerians trained in theatre and the creative arts were deployed through two original plays written and performed by Nigeria’s rising creative stars. The second play was performed by 400-level LASU students in the Department of Theatre and Creative Arts.

Speaking at the event, Afeez Oyetoro, Head of the Department of Theatre Arts at LASU, underscored the importance of bridging academic learning with real-world stage experience.

‘TAFTA gives them the opportunity not only to learn theory, but also to experience professional stage performances. There’s a difference between having talent and having proper training, and that is what they are gaining here,’ Oyetoro said.

The event also featured inspiring stories from TAFTA alumni who are already leaving their mark on the Nigerian creative space. Happiness Adegbite, now an actor, filmmaker, and content creator, shared how the academy transformed his directionless beginnings into a purposeful career.

‘TAFTA gave me structure. I went on to produce Broken Korean Steel Corridor, Letter to My Father, and The Last Boss to Freedom. Today, I mentor others, speak at career summits, and have even received recognition from the U.S. government. TAFTA made me believe the sky is only the starting point.’

Iluyasi Faith, a visual artist who transitioned into animation and digital arts, said, ‘I discovered TAFTA on Instagram, and what caught my attention was that it was free.

‘I stayed consistent and today I’ve built a brand that inspires young women by combining arts and entrepreneurship. TAFTA and Mastercard Foundation gave me that platform,’ she said.

Peter Friday, an aspiring filmmaker, emphasised TAFTA’s role in shaping his career, ‘I’ve always loved performing arts, but TAFTA gave me the structure and blueprint to create. My vision is to tell impact stories that not only entertain but also educate and resonate with society.’

Salma Hamlina, who overcame stereotypes to build an art business, said, ‘My experience at TAFTA was transformative. I now see myself not just as an artist, but as a businesswoman empowering other women.

‘Women’s stories and skills are vital in building a richer, more inclusive creative economy. Your talent is your power, don’t let anyone tell you otherwise,’ she noted.

’Turned the corner?’ Tinubu’s Independence speech offers numbers, not solutions

President Bola Ahmed Tinubu’s 65th Independence Day address was designed as a reassurance. With a flourish of statistics, he declared that Nigeria has ‘turned the corner’. GDP growth is accelerating, inflation has slowed, reserves are healthier, and non-oil revenues are rising. On paper, the arithmetic looks impressive. Yet in the real economy, the one measured by food prices, power supply, and security of daily life, the corner is not yet turned. Nigerians are still waiting for proof that reform has meaning beyond the spreadsheet.

Take the GDP numbers. The 4.23 percent growth recorded in Q2 2025 is indeed Nigeria’s fastest in four years. But compare it with the country’s population growth of 2.4 percent, and the per capita improvement is barely above subsistence. Worse, a significant share of this expansion comes from oil output rebounding to 1.68 million barrels per day. Oil is an unreliable crutch. Sabotage, price volatility, or OPEC constraints can quickly unravel such gains. True growth must come from industries that employ people and add value locally: agriculture, manufacturing, and services, not just crude extraction.

‘This is the deeper problem with Tinubu’s narrative: it confuses macro arithmetic with national rescue. Nigerians want electricity that works, not just megawatts in a budget. They want rice they can afford, not just GDP statistics. They want teachers in classrooms, not just enrollment figures.’

Tinubu also points to declining inflation: 20.12 percent in August, the lowest in three years. That is better than the 30 percent highs of 2023, but hardly a victory. For ordinary families, 20 percent inflation is economic violence; it erodes wages, empties savings, and forces impossible trade-offs. Nigeria’s food inflation still hovers above 28 percent, one of the highest in Africa, higher than Ghana’s 23 percent and far worse than South Africa’s 5.3 percent. The government celebrates disinflation as though prices are falling. They are not. Prices are simply rising at a slightly slower pace, and for millions, the pain remains acute.

Foreign reserves at $42 billion are another headline the President touted. This matters for stabilising the naira, which has indeed regained some footing after last year’s chaos. Yet reserves are not the same as prosperity. They are buffers, not bread. The gap between the official and parallel exchange rates has narrowed, but imported inflation still makes basic goods unaffordable. Until local productivity increases, a strong reserve position risks being just another fragile illusion.

The government’s social interventions, ?330 billion to eight million households, are cast as a safety net. In truth, they function as expensive Band-Aids. Cash transfers can relieve hunger for a month; they cannot build livelihoods for a lifetime. Nigeria needs job creation, not perpetual stipends. Youth credit initiatives such as NELFUND, Credicorp, and YouthCred are welcome in theory, but Nigerians have seen such schemes before: well-packaged, loudly announced, poorly tracked, and eventually captured by rent-seekers. Transparency, independent audits, and scale will decide whether these schemes lift millions or enrich a few.

Security claims demand equal scrutiny. Tinubu lauded the gallantry of the armed forces, declaring that terrorism has been rolled back and peace restored to hundreds of communities. That is true in pockets. But insecurity has not abated; it has mutated. Banditry in the Northwest, kidnappings in the Middle Belt, communal clashes in Plateau, oil theft in the Delta, and separatist violence in the Southeast still blight daily life. According to SBM Intelligence, at least 1,200 Nigerians were kidnapped in the first half of 2025 alone. Schools remain vulnerable to abductions, farmers to raids, and traders to extortion on highways. ‘Peace’ on paper is not the same as safety on the ground.

This is the deeper problem with Tinubu’s narrative: it confuses macro arithmetic with national rescue. Nigerians want electricity that works, not just megawatts in a budget. They want rice they can afford, not just GDP statistics. They want teachers in classrooms, not just enrollment figures. They want to feel safe walking to the market, not just hear speeches about cleared towns. Until these realities change, claims of ‘turning the corner’ will ring hollow.

Credit must be given where it is due. Removing subsidies and unifying FX were politically costly choices; previous governments kicked those cans down the road. But courage in policy must be followed by honesty in delivery. The claim that ‘the worst is over’ is premature unless matched by clear metrics: falling food inflation, verifiable poverty reduction, transparent audits of social spending, and genuine industrial take-off. Otherwise, the reforms risk being remembered as another cycle of austerity without transformation.

Nigeria at 65 is at a crossroads, not a corner. It faces the same structural bind that has haunted it for decades: a state too weak to deliver services, an elite too insulated from the consequences of failure, and a population too resilient for its own good. Nigerians endure, adapt, and survive. But endurance is not prosperity.

Tinubu’s administration must now prove that the numbers it celebrates translate into improved lives. Growth must mean jobs. Reserves must mean stability. Inflation declines must mean food on the table. Otherwise, Independence anniversaries will continue to be marked by speeches of promise while reality tells another story.

On this anniversary, Nigerians deserve more than statistics; they deserve a government that converts reform into dignity, numbers into nourishment, and rhetoric into results. The next test is not the President’s next speech, but whether, by Nigeria’s 66th Independence Day, the country feels more secure, better fed, better educated, and genuinely on the path to prosperity.

Until then, the question remains: has Nigeria really turned the corner, or is it still circling the roundabout of promises unmet?

NAFDAC shuts Chinese supermarkets, cosmetics shops in Abuja

The National Agency for Food and Drug Administration and Control (NAFDAC) has sealed two Chinese-owned supermarkets in Abuja’s Jabi District and eight cosmetics shops in Wuse Market for what it described as flagrant breaches of regulations governing the sale, distribution and labelling of controlled products in Nigeria.

In a statement on Friday, Adegboyega Osiyemi, NAFDAC’s Deputy Director of Public Relations and Protocol, said the agency confiscated and evacuated unregistered products worth more than N170m during the enforcement exercise.

The operation was conducted by the Investigation and Enforcement Directorate of NAFDAC in conjunction with the Federal Task Force on Counterfeit and Substandard Medicines and Unwholesome Processed Foods, led by Assistant Chief Regulatory Officer, Musa Embugushiki.

According to the agency, the supermarkets located on Mike Akhigbe Way and Ebitu Ukiwe Street in Jabi were sealed following credible consumer complaints and surveillance, which revealed that they were selling unregistered food items and products labelled exclusively in Chinese, in violation of NAFDAC’s mandatory policy requiring English translations for all products sold in Nigeria.

‘Despite initial resistance and denials by the foreign national operating the outlet on Ebitu Street, who claimed the supermarket had not commenced business, the enforcement team confirmed it was fully operational and actively selling unregistered products,’ the statement noted.

In a related operation, eight cosmetics shops in Wuse Market were also sealed for selling banned, expired and unregistered products, including aphrodisiacs and aesthetic medicines. Investigations revealed that some individuals were unlawfully posing as dermatologists and pharmacists, prescribing and marketing harmful products to unsuspecting customers under the guise of body enhancement, skin whitening, aesthetic improvement for women and sexual performance for men.

Items seized included Wenicks Capsules, Maxman Capsules, Boobs Enlargement formulations, Curvy Weight Gain supplements, Skin Whitening Vitamin Gummies, Collagen, Royal Jelly, Glutathione Whitening Gummies, White Doll, Dr Gallery Plus, Maiz Zaki Syrup, Original Herbal Yellow Fever medicine, Sickle Cell Medicine, Dr Nafisa Herbal Medicine, Dynewell Syrup and White Blinks, among others.

Mojisola Adeyeye, NAFDAC Director-General, warned that many of the banned cosmetics and herbal medicines pose severe health risks, ranging from skin cancer and kidney damage to irritability and memory loss.

She reiterated the agency’s mandate to safeguard Nigerians from exposure to dangerous chemicals and toxic substances, stressing that NAFDAC would continue to enforce compliance with its regulations.

The agency urged consumers to purchase only NAFDAC-registered products, while advising foreign nationals and investors intending to import or market goods in Nigeria to seek regulatory guidance and product registration at NAFDAC offices nationwide.

Judges call for speedy courts, ADR, international models for insolvency reform

Legal and insolvency experts have urged Nigeria and other African countries to strengthen their insolvency frameworks by integrating alternative dispute resolution (ADR) mechanisms, fast-tracking judicial processes, and adopting cross-border cooperation strategies to attract investment and enhance economic resilience.

Speaking at a session organised by the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN), judges and insolvency specialists outlined practical recommendations to make corporate rescue more efficient in the region.

Justice Onyekachi Otisi of the Court of Appeal emphasised that while Nigeria’s Companies and Allied Matters Act (CAMA) 2020 provides a robust legal framework for insolvency, procedural weaknesses continue to slow resolutions. She highlighted the heavy reliance on courts, which contributes to delays, inefficiencies, and high costs.

According to World Bank data cited at the event, insolvency cases in Nigeria take an average of two years to resolve, with costs amounting to 22 percent of the estate and creditors recovering only 27.8 cents per dollar.

Justice Otisi recommended introducing ADR, especially mediation, at the pre-insolvency stage to reduce delays and lower costs.

‘Before applications are made to the courts for endorsement of restructuring tools such as schemes of arrangement, voluntary arrangements, or administration, parties guided by insolvency practitioners should explore mediation,’ she said. ‘This would ease tensions, minimise prolonged litigation, and ensure more efficient outcomes.’

She urged BRIPAN to push for policy reforms that would institutionalise ADR in insolvency cases, arguing that this would complement, rather than replace, the courts’ supervisory role.

Also speaking, Justice Alexander Owoeye of the Federal High Court stressed the need for Nigerian courts to play a more active role in promoting corporate rescue through Company Voluntary Arrangements (CVAs).

He noted that courts are central in ensuring that nominees supervising CVAs act within the law and in safeguarding creditors’ rights when disputes arise.

However, Owoeye warned that insolvency matters are time-sensitive and should not be bogged down by delays. He called for new practice directions to fast-track insolvency-related cases and recommended specialised training for judges on the technicalities of corporate rescue mechanisms.

‘If these measures are adopted, Nigerian businesses will be better positioned to survive financial distress and remain competitive,’ he added.

From a regional perspective, Ugandan insolvency expert Kabito Karamagi highlighted the importance of cross-border cooperation, citing the failure of several multinational insolvency cases due to mistrust and weak legal frameworks.

The Managing Partner of Ligomarc Advocates, Kampala, Uganda, explained that only a handful of African countries, including Uganda and Kenya, have adopted the United Nations Commission on International Trade Law (UNCITRAL) Model Law on Cross-Border Insolvency.

Karamagi recommended that more African nations adopt and adapt the model law to facilitate judicial cooperation, joint hearings, and coordinated recovery strategies.

‘With the African Continental Free Trade Area driving increased cross-border business, insolvency risks will inevitably grow. We must build frameworks that ensure order, fairness, and value recovery for creditors across jurisdictions,’ he said.

Adding to the discussion, Justice Chenda Kazimbe of Zambia stressed the importance of judicial case management in expediting insolvency matters.

He noted that Zambia has introduced administrative rules setting strict timelines, such as one year for insolvency petitions and 45 days for motions, to avoid backlogs.

He recommended that Nigeria and other African jurisdictions adopt similar case management approaches, encourage ADR in insolvency disputes, and invest in continuous training for judges and insolvency practitioners.

In their closing remarks, the experts agreed that reforms must focus on three key areas: Institutionalising ADR in pre-insolvency and restructuring processes to cut costs and delays, fast-tracking court procedures through practice directions and specialised training for judges and strengthening cross-border insolvency cooperation by adopting international best practices such as the UNCITRAL model law.

They concluded that without these reforms, Nigeria and Africa risked scaring away investors and undermining business resilience. But with coordinated action, the continent could build an insolvency system that is ‘efficient, credible, and attractive to investors.’

How workplace wellness becomes strategic tool for food security in Nigeria

As food inflation continues to bite and nutrition gaps widen, workplace wellness may hold the key to strengthening food security and productivity in Nigeria.

For decades, compensation in Nigeria’s corporate sector has been measured almost entirely by salary. However, with rising food prices, paychecks alone are no longer enough to guarantee that workers can afford healthy diets.

Food experts warn that this has direct consequences for employee health, absenteeism, and long-term productivity.

Globally, corporate wellness initiatives – such as workplace meal plans, nutrition workshops, and preventive health care – are increasingly being adopted as strategic investments in food security and employee well-being.

But in Nigeria, these practices remain at an early stage, leaving many workers struggling with stress, burnout, and limited access to affordable, nutritious meals.

Recent initiatives are beginning to address this gap. To make wellness a daily workplace reality for Nigerian companies and employees, Country Life Corporate Wellness is bridging this nutrition gap through flexible and innovative packages that help companies invest in the health of staff. ‘Our mission is simple,’ says Samuel Ajani, founder of Country Life, and a passionate health enthusiast. ‘We want to bring wholesome wellness into the workplace because preventive care is better than curative care. Wellness shouldn’t be an afterthought; it should be part of everyday corporate life.’ According to him, such interventions could also ease pressure on household food security. With more than 70 percent of workers spending a huge chunk of their salaries on food, providing balanced meals at the workplace could reduce dependence on expensive, less nutritious street food.

‘A workforce that feels energised and cared for is the foundation of any thriving business. In Nigeria, employees spend more time at work than at home, while many remote workers lead sedentary lifestyles that harm long-term health. This makes workplace wellness interventions not just relevant, but urgent,’ Ajani noted.

For him, adopting corporate wellness will cause employees to increasingly choose employers that invest in their well-being, and healthy employees are more focused and productive.

Some of the packages provided include fresh seasonal fruits and nutritious alternatives delivered directly to the office, balanced, energising meals and wellness bundles that support focus and productivity, as well as expert-led sessions inspiring healthier lifestyle choices.

In today’s competitive landscape, corporate wellness is no longer a perk; it is a strategic business decision that strengthens culture and drives long-term growth.

Ajani said that as corporate jobs continue to evolve, the definition of compensation must expand. Salary is important, but salary alone is no longer enough.

‘Employees want to feel valued not only for their output but also as individuals with physical, nutritional, and mental health needs,’ he said