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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.

President Bola Tinubu, on Tuesday, criticised those peddling allegations of religious genocide in the country, saying no religion is under siege.

The president described the allegations as ‘unfounded and misleading, as citizens focus more on harmony and shared prosperity.*

Bayo Onanuga, presidential spokesman, in a statement, said Tinubu acknowledges that after 65 years of Independence, citizens have grown to appreciate religious and cultural differences and explore the advantages of diversity in terms of educational, economic, and other productive gains.

President Tinubu allayed fears of religious intolerance in the country at the unveiling of a book on the 10 years of the APC government in Nigeria. It was authored by the Governor of Imo State, Sen. Hope Uzodimma.

Tinubu was in Owerri to commission projects, such as the Owerri-Mbaise-Umahia road, the Assumpta Twin flyover, and the Emmanuel Iwuayanwu Convention Centre.

Nentawe Yilwatda, the All Progressive Congress APC national chairman, two former APC Chairmen, Adams Oshiomhole and Umar Ganduje, governors of APC states, and the Governor of Abia State, Alex Otti, attended the commissioning of the projects and the book launch.

The event was also attended by Tajudeen Abbas, speaker of the House of Representatives, Deputy Speaker, Deputy Senate President, former Senate Presidents, Sen. Pius Anyim Pius, and Ahmad Lawan, were also at the event.

Others include the founding Chairman of the APC, Bisi Akande, and former Governor of Ogun State, Segun Osoba, as well as traditional and religious leaders, members of the diplomatic corps, student unions, and market associations.

President Tinubu told the crowd at the Emmanuel Iwuanyanwu Convention Centre: ‘Let me also say this clearly, Nigeria is a proud, sovereign nation built on the faith and resilience of its people. Here, no faith is under siege, no community is excluded.

‘Our churches, mosques, and traditional shrines stand side by side – not as rivals, but as symbols of the unity that binds us.

‘We must never allow outsiders to tell us who we are or sow division among us. We are Nigerians, and we will stand together. Nigeria will not accept lectures from those who seek to profit from our divisions. No one loves this country more than Nigerians themselves, and no one will define us except us.

‘Our duty is to stand guard over our unity, protect every citizen, and continue to prove to the world that our diversity is not our weakness, but our strength and when Nigeria stands united, no falsehood can prosper against her. So help us God,’ he added.

On the impact of the All Progressives Congress in running Nigeria since 2015, President Tinubu said: ‘Nigeria is no longer where it was ten years ago. We promised a change, and I can confidently tell you the worst is over.

‘Ten years ago, our great party, the All Progressives Congress (APC), came into power on the wings of change. Nigeria was at a crossroads. A break from the old order was not only desirable; it had become inevitable to steer our nation away from collapse. ‘Under President Muhammadu Buhari, our party began stabilising Nigeria. We invested heavily in infrastructure, pushed back terrorists, and instilled accountability in public finance. Were there challenges? Yes. Were mistakes made? Yes. But no one can deny that the direction of Nigeria changed for good,’ he added.

‘APC may not be perfect, but we are purposeful. And we will not allow Nigeria to return to the wasted years of drift,’ the President said.

‘We are not yet where we want to be, but we are no longer where we were. We are building a Nigeria that values productivity above handouts and is a nation prepared for a sustainable future.

The President has a message for the critics of the APC administration: ‘And to those who today parade themselves as prophets of solutions, let me say this: those who wasted sixteen years had their chance. Nigerians remember the broken promises, the broken power plants, the broken roads and the attempts to usurp democratic institutions using corrupt practices and subterfuge.

President Tinubu commended Governor Uzodimma for his scholarship documenting this decade of progressive governance.

‘Hope has given Nigeria a gift: a reminder that nations must write their own stories, and leaders must account for their stewardship.

The President stated that the outlook for the economy had improved across various indicators.

‘I am honoured to stand here in Owerri, in the heart of the South-East, a land of industry, intellect, and resilience. I know there were times when this region felt left out. But under Renewed Hope, no part of Nigeria will be abandoned. The South-East is not on the margins; you are at the centre of our national rebirth.

‘Believing in true federalism and decentralisation, I have created regional development commissions to bring progress closer to the people. Nigerians have the right to hold leaders at every level (federal, state, and local) accountable. And as leaders, we have the duty to deliver,’ he added.

The President of the Senate, Godswill Akpabio, thanked the President for the initiative of NELFUND, which had encouraged more underprivileged children to pursue their education in higher institutions.

‘Mr President, you have given hope to many young people through the Education funds you provide. You have invested in agriculture to provide food for millions of Nigerians.

‘On behalf of the entire National Assembly, we want to congratulate the performing governor,’ the Senate President said.

The Governor of Imo State, who is also the Chairman of the Progressive Governors’ Forum, stated that the sub-national governments had consistently received increased allocations, enabling infrastructure construction and improving sectors such as education and health.

‘Mr President, we are grateful for your support. It is through your courage and bold policies that our economy is stabilised today. Most of the projects we undertake in Imo are made possible by the continuous funding we receive from time to time.

‘Your consistency in the political trajectory of Nigeria made it possible for the formation of APC, which became a force in the build-up to the 2015 elections. This inspired me to document all these remarkable efforts into a book titled ‘A Decade of Leadership in Nigeria’.

Estate planning is the structured process of organizing and managing an individual’s assets during their lifetime and arranging for their efficient transfer upon death or incapacity. It encompasses the preparation of legal instruments, such as wills, trusts, and powers of attorney, to ensure asset preservation, provide for dependents, and align asset distribution with the individual’s personal, financial, and philanthropic objectives, all in compliance with applicable laws and regulations.

Estate planning remains one of the most important but neglected areas of family life in Nigeria particularly for aging parents. Most families are often left in crisis situations when a parent, and in most cases the breadwinner, becomes incapacitated or dies suddenly with no plan in place as to how the surviving family members can have access to his assets or continue to manage his business. The consequence has been that the family becomes confused with hitherto hidden crisis suddenly resurrecting leading to court battles, strained family relationships, or even the loss of hard-earned property and investments.

This article aims to essentially provide a concise but thorough step-by-step overview of what estate planning entails for elderly parents in Nigeria, the key factors to be considered, and the ways in which families can begin the process in a culturally sensitive and legally correct manner.

Why Estate Planning?

Aging inevitably comes with higher risks to health and diminished abilities to manage one’s finances or be involved in the day-to-day management and negotiation of complicated property issues. Forward and thoughtful planning process gives aging parents the chance to make intelligent decisions regarding:

How their assets are carefully organised and eventually passed on to their beneficiaries.

Who acts on their behalf should they no longer be able to do so or be involved in the day-to-day running of the business.

How would their dependents, spouse, or children be taken care of financially.

How do they ensure that the family cohesion is maintained and that family conflicts are avoided when they pass on.

In many jurisdictions, including Nigeria, improperly constituted Estate Plan has resulted in numerous court cases involving land, cash, businesses, and pensions. In the absence of properly arranged and documented Estate plan, some members of the family or institutions forcefully takeover these assets which are neither documented nor legally transferred to them. All these could conveniently be avoided with proper Estate Plan.

Estate Plan for aging parents in Nigeria need not be complex, although it must be concise, thoughtful and purposeful. The overriding aim and principle should be to ensure the wishes of the parent are respected, and their beneficiaries are not left in confusion or disputes when the Settlor passes on.

One of the first and most important steps in estate planning is the preparation of a valid legal will. This is the most traditional way of giving assets to loved ones. A will is a short statement of the maker’s wishes regarding how his or her assets should be distributed upon death. Although not exhaustive, some of the most common assets that may be disposed of in a will include property, bank accounts, vehicles, investments, pensions, personal belongings and digital assets.

A properly written will provides protection from inheritance disputes and minimizes interference from customary, traditional, or statutory claims that may conflict with the deceased’s true intentions. It ensures that the distribution of assets is carried out according to the testator’s wishes, not left to chance or contested interpretations. Given the complex nature of wills, especially in a culturally diverse legal environment like Nigeria, it is strongly advised that Settlors seek legal counsel when preparing and executing a will. This ensures that the document carries the full force of law, is free from ambiguity and less likely to be challenged.

It is possible that some aging parents may not be disposed to writing a Will (often regarded as remembrance of death).

In which case, a Settlor could consider setting up a Trust especially where the estate is more complex say, with multiple spouses, young children, or vulnerable family members. A Trust allows assets to be held and managed on behalf of beneficiaries, typically through a licensed Trust company. In Nigeria, Trust Companies are registered and regulated by the Nigerian Securities and Exchange Commission (SEC) and have a legal obligation to administer the trust in good faith, ensuring the fulfillment of the terms as specified by the Settlor over the years. Trusts are particularly helpful when money disbursement, property administration, or wealth accumulation for the subsequent generation needs to be carried out professionally and gradually distributed.

Another significant part of the estate planning process is beneficiary naming on retirement accounts, life insurance policies, cooperative contributions, and other such financial instruments. Under the Nigerian Pension law, the named Next-of-Kin takes no benefit of the amounts standing to the credit of the deceased’s Retirement benefits. The Will must specifically name the beneficiaries in a formal Will. Parents should thus scrutinize and regularly update their estate plan to ensure that there are no lacunae that could be exploited by persons waiting to pounce on their assets once they pass on.

Apart from ensuring that assets are distributed to named beneficiaries either in the Will or Trust instruments, there is also the concern of decision-making in the event of sickness or incapability. A power of attorney can be utilized in appointing a person that is acceptable and trusteed by the Settlor to make legal, financial, or even medical decisions on behalf of the parent when the parent become incapacitated or is unable to manage his/her affairs. This instrument can become exceptionally useful in the management of day-to-day affairs such as accessing bank accounts, settling bills, or dealing with property, and needs to be balanced in terms of adopting a preventive approach versus an aftereffect one.

While relating with others, it is possible that a parent may have entered into contracts or agreements that either increased his/her assets or imposed liabilities on them or claims against their assets. It is therefore important that they are encouraged to document every asset that may have accrued from such relationships or liabilities that they may have been exposed to. Parents need to be encouraged to maintain an up-to-date list of all that they own: land, buildings, shares, pensions, cars and of any debts payable to or owed by them. That document, whether kept in paper form or electronically, helps family members and executors to ascertain whatever assets the deceased has, or liabilities owed when family members review his/her affairs. Having such clear and concise assets list would ultimately prevent disputes or conflicts from family members or those claiming against the estate.

Finally, although frequently overlooked and left to the discretion of family members, it is useful for parents to give guidance or direction either in the Will or Trust instrument regarding their funeral wishes, such as the nature of the funeral, where they wish to be buried, and what cultural or religious practices they would like their families to adopt, follow or outrightly avoid. Although intensely personal, providing the needed guidance or direction will not only help to soften the emotional trauma that the family is subjected to at that trying moment but also minimize the risk of argument as to how the deceased wants to be buried or the nature of the funeral celebrations.

The above, all ccollectively brought together in a brief, written plan are the basis of an empathetic estate planning process. They not only give comfort to elderly parents but also give their families the clarity and organization needed to manage the future with understanding, dignity and harmony.

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.

President Bola Ahmed Tinubu has praised the Imo State governor, Hope Uzodinma’s impactful governance during the launch of Governor Uzodinma’s book, ‘A Decade of Impactful Progressive Governance in Nigeria’, held in Owerri, Imo State, on Tuesday, September 30, 2025.

President Tinubu commended Uzodinma for his initiatives on the three signature projects of his administration that were commissioned, which include a 52km Owerri-Mbaise-Umuahia road, the Assumpta Cathedral Twin Flyover and Emmanuel Iwuanyanwu International Conference Centre and above all, for authoring a book that chronicles the achievements of the party in the past 10 years.

‘With this book, Governor Uzodinma has given Nigeria a gift. No nation will forget its own journey and no leader will forget the beauty of stewardship,’ he stated.

President Tinubu expressed optimism about Nigeria’s future, pointing out that the nation has recorded great improvement since the leadership of the APC. ‘Nigeria is no longer where it was 10 years ago,’ he noted.

He recalled that APC as a Party began the work of stabilising the economy under the leadership of former President Muhammadu Buhari (late), stating that since then, the country has continued to move for the better. Tinubu said that his administration has in the second quarter of 2025, grown the Nigerian economy by 4.23% with the inflation rate falling to 20.12% in 2025, indicating a relief to the people.

He therefore appealed to Nigerians to remain patient, resilient and assured that the nation is changing for the better with the external reserve standing at 42.03%, the highest since 2019.

In his remarks, the Senate President, Godswill Akpabio, commended Governor Uzodinma for transforming Imo State with critical infrastructure, conveying his admiration for the governor’s efforts in putting together a book that chronicles the APC’s achievements and generally, for his vision for Imo State.

Governor Uzodinma, in his address at the book launch, reflected on Nigeria’s journey under the APC from 2015 to 2025, highlighting milestones, challenges, and lessons learned, and emphasised that the book is not just a personal achievement but belongs to the APC family and the Nigerian people.

Governor Uzodinma stated that the book is a product of deep reflection and explained ‘progressivism’ in the Nigerian context, focusing on community solidarity, inclusion, and service.

He praised President Tinubu’s visionary leadership and role in forming the APC, and commended the President for economic progress, especially for recording trade surpluses for six consecutive quarters, with non-oil exports contributing significantly.

Seyi Amao’s Emotional Appetite Therapy has ignited a powerful movement for women’s health, as demonstrated at an inspiring pre-launch dinner in Lagos.

The intimate event, themed ‘Come Hungry, Leave Whole,’ brought together award-winning author and PCOS Conquerors founder, Seyi Amao with advocates, medical experts, and community partners to champion holistic wellness, particularly for women navigating Polycystic Ovary Syndrome (PCOS) and other health challenges, blending storytelling, science, and faith in an unforgettable evening.

Hosted by Deborah Oguike, known as ‘Debbie The Media Girl,’ the evening was a collaboration between One Wellness Clinic and PCOS Conquerors, with support from ProSkin Aesthetic Clinic, Adam Scents, Sissy Remi, Tsemaye Binitie, BB Artistry, and Orange Mic. Together, they crafted an experience that mirrored the heart of Amao’s book, a call to move beyond feeding emotional cravings to nourishing lives holistically. Amao described Emotional Appetite Therapy, as more than a book, as it is a pathway to wholeness. Her vision came alive through a carefully curated evening that combined expert insights, personal stories, and experiential elements. Guests were treated to a stirring reflection from Dr. Elizabeth ‘Dr. Fabulous’ Falabi, medical director of Feet2Fit Integrative Health and Wellness, who shared her own wellness journey.

A panel moderated by Sophia O. Emifoniye, CEO of Brunch Avenue, featured Dr. Jean Nassar, Pamela Bazi of One Wellness, and Hala El Hachem of ProSkin, diving into critical topics like fertility, nutrition, and holistic health.

The event also highlighted the intersection of financial and physical resilience, with Mrs. Joke Adu of Standard Chartered Bank emphasizing how financial empowerment supports overall well-being.

Pastor Moses Ida-Michaels of EcclesiaHills closed the evening with a blessing, framing the night as the start of a broader movement for women’s health.

Shabana Mahmood, the United Kingdom’s (UK) Home Secretary, has confirmed that the path to Indefinite Leave to Remain (ILR) will soon be doubled to a ten-year qualifying period and subject to new ‘contribution-based’ requirements.

In her inaugural conference speech as home secretary, the Labour MP confirmed the significant policy shift, arguing that the public’s loss of faith in the immigration system was creating an environment where Britain could no longer afford to be ‘open, tolerant and generous’. End of automatic settlement

Mahmood further outlined plans to introduce a series of new, stringent ‘good citizen’ tests which migrants must pass to earn permanent residency.

‘We will soon increase the time in which someone must have lived in this country to earn indefinite leave to remain from five years to ten,’ she said.

‘And as part of that consultation, I will be proposing a series of new tests.’

These new conditions will reportedly include:

Being at work and making National Insurance contributions.

Not claiming a penny in benefits.

Attaining a high standard of English.

Having no criminal record. Demonstrating that they have truly given back to their community, such as through volunteering. Mahmood stated that those who fail to meet these new conditions should not be automatically granted ILR. The new system will allow high contributors to qualify for settlement in less than ten years, but others could face a longer wait or be barred from ILR entirely.

‘Time spent in this country alone is not enough,’ she asserted. ‘Just like my parents, you must earn the right to live in this country for good.’

The announcement was immediately followed by confusion over whether the stricter rules would apply to migrants who have recently arrived in the UK.

While sources initially indicate that the policy would not apply retrospectively to those already in the country, reports later suggested the government is wrestling with how to prevent a large cohort of recent arrivals from securing automatic ILR under current rules.

Mahmod is considering an emergency retrospective law, changes that could affect around one million migrants, including Nigerians who entered the UK after 2021 under the post-Brexit immigration system.

Insiders suggested the government was prepared to defend the expected legal challenges

However, it has been confirmed that the new ‘good citizen’ tests themselves would be too complex to impose on those already here.

Instead, ministers will seek a separate, faster mechanism to prevent migrants who arrived after 2021 from securing settlement after five years, though this mechanism is expected to be less demanding than the planned new ILR system.

‘Across this country, people feel like things are spinning out of control,’ she said, pointing to the arrivals of small boats and widespread illegal working as key drivers of this distrust.

The proposed changes are subject to a public consultation, following which the government is expected to make its final legislative decisions.

Men from various sectors have stepped forward to take an active role in the fight against gender-based violence, as the Male Feminist Nigeria (MFN) Project was launched in Pankshin, Plateau State, on Tuesday.

The event, organised by the Kozaki Transformation and Development Foundation, brought together stakeholders including traditional rulers, religious leaders, transport union executives, barbers, and other key actors united in the mission of promoting male engagement in ending gender-based violence.

The stakeholders’ engagement meeting, which marks the advancement of the MFN Project across North Central Nigeria, focused on engaging men as allies in promoting gender justice and challenging harmful societal norms.

In his address, Akighir Caleb Akighir, Communication Officer of the MFN Project, emphasised the need to confront entrenched patriarchal ideologies.

He warned that negative masculinity is damaging not only to women and girls but also to men, who are often confined by unrealistic and harmful gender expectations. Expanding on this, Manfred Akpen, Program Officer of the MFN Project, delivered a keynote presentation titled ‘Becoming a Male Ally: From Conviction to Consistency.’ He called on men to go beyond symbolic gestures and instead demonstrate consistent action in advancing gender equity within their communities.

The participants embraced the message, expressing readiness to become ambassadors of male feminism in their communities. Representatives from transport unions, barbers, local academic institutions, religious and traditional councils, and community-based groups pledged to actively promote positive masculinity and help dismantle violence-supportive norms.

Kashim Basil, a Catholic priest and the Coordinator of JDPC Caritas, welcomed participants on behalf of Isaiah Ter, also a Catholic priest and a lawyer who is the Executive Director of the Kozaki Foundation, while prayers were offered by Fr. Gogwim to open the session.

The engagement marks a significant milestone for the MFN Project in Plateau State, North Central Nigeria and sets the tone for further expansion across the region. As the initiative gains ground, Pankshin now serves as a critical hub in a growing movement for male-led advocacy against gender-based violence.

The Lagos State Government has faulted comments made by former Labour Party presidential candidate, Peter Obi, over the demolition of structures at the Trade Fair Complex, insisting that the affected buildings had no valid approvals.

In a statement issued by Gbenga Omotoso, the commissioner for information and strategy, the government dismissed Obi’s remarks as ‘misinformation and disinformation.’

The commissioner accused Obi of attempting to ‘mislead the public by misinformation and disinformation’ after the former governor visited the complex and described the demolitions as ‘a test of impunity, justice and compassion.’ Omotoso insisted that the state’s Ministry of Physical Planning and Urban Development had followed due process.

‘The owners of the building have no approval. They got ample time to regularise their papers when the state government declared last year a general amnesty, which was extended several times. The owners shunned the offer,’ he said.

According to the commissioner, attempts by government officials to enforce planning laws at the complex were met with resistance. ‘When Physical Planning officials visited the complex, the gates were locked against them; they were beaten up. The police rescued them. When the government called the owners for talks, they said they would not come; they did not come,’ Omotoso noted.

He stressed that while the Trade Fair Management Board, a federal body, can administer leases and commercial activities within the complex, it lacks the legal authority to approve building projects.

‘The board. does not have powers to approve or regulate building developments within the complex independent of Lagos State Government,’ he said.

Citing the Nigerian Urban and Regional Planning Act (1992) and a 2003 Supreme Court judgment, the commissioner reaffirmed that states have the authority to regulate development control within their territories, including federal lands, except for core areas such as military formations.

Omotoso concluded by framing the issue as a choice between the rule of law and political grandstanding.

‘We must decide the kind of society we want, one governed by law or one run by emotions, fueled by political interests,’ he stated.

Yemi Kale, former statistician-general, has urged the federal government to remain committed to ongoing structural reforms despite the short-term hardships they impose on households, warning that abandoning the process could trap the country in another cycle of low growth, high inequality, and fiscal stress.

Delivering his speech entitled ‘Reform and Resilience: Strengthening Nigeria’s Economic Foundations’ at The Platform in Lagos on Wednesday, Kale, who currently serves chief economist at Afrenexim bank, said the government’s reforms since 2023 – subsidy removal, exchange rate unification, and tighter monetary policy – have begun stabilising the macroeconomy but stressed that the reforms would be incomplete without strong social protection and structural transformation.

‘Reform is like curing a fever,’ Kale said. ‘You must endure some discomfort as the medicine takes effect. But the alternative of letting the fever run just because the pill is bitter, or the injection is too painful, is far worse.’

Monetary and fiscal reforms restoring stability

Kale argued that Nigeria’s monetary policy had regained credibility after years of inconsistency and quasi-fiscal interventions by the Central Bank. He pointed to the sharp increase in the monetary policy rate to 27.5%, one of the steepest in history which was recently reduced to 27%, as well as efforts to mop up excess liquidity through streamlined open market operations.

‘Importantly, these actions were accompanied by clearer communication, regular policy reports, forward guidance, and transparent explanations of the inflation outlook,’ he said. ‘The results are now visible. Headline inflation, which averaged 25-30% in 2023 and 2024, has begun to ease towards the low 20s. Every percentage point reduction protects the real value of salaries, pensions, and savings, and reduces uncertainty for investors who must plan projects years in advance.’

He projected that inflation could fall to about 14% by the end of 2026 if reforms are sustained. But he cautioned that households would continue to feel the strain.

‘Between now and then, the hardship will continue. The lesson here is clear, reforms must be matched with targeted and effective social cushions to protect the most vulnerable.’

Energy and power: The backbone of growth

The former statistics chief emphasised that no reform agenda could succeed without addressing Nigeria’s chronic energy and electricity challenges.

He praised the launch of the Dangote refinery, which exported its first gasoline cargoes in 2025, as a step toward reducing dependence on imported refined products. But he listed unresolved issues, reliable feedstock supply, transparent pricing formulas, labour disputes, and clear currency settlement mechanisms, that could hinder its impact on domestic supply.

‘The broader challenge is to achieve energy security without reverting to hidden subsidies or encouraging monopolistic practices,’ Kale said. ‘This underscores the need for complementary policies such as strong antitrust oversight, transparent pricing, and incentives for new entrants.’

On electricity, he called the 2023 Electricity Act a ‘bold structural shift’ that decentralises regulation to the states. ‘In essence, it breaks the old centralised monopoly and opens the door for states to partner with private investors to generate, transmit, and distribute power locally,’ he said. ‘Decentralise, liberalise, and let there be light.’

Kale, however, warned that not all states have the capacity to regulate electricity effectively, urging federal support and regional cooperation to prevent the rise of ’36 mini-monopolies.’

Infrastructure, trade, and the business environment

Kale identified infrastructure investment as both an economic necessity and a macroeconomic stabiliser. Citing World Bank projections, he said Nigeria requires $3 trillion by 2050 to meet infrastructure needs, including $575 billion for the transport sector between 2020 and 2043.

‘To put this into context, Nigeria’s entire 2025 budget is about $36 billion, and its rebased 2024 GDP was about $275 billion,’ he said. ‘Government alone cannot meet these vast needs. Public-private partnerships are therefore key.’

He urged that part of the savings from subsidy removal should be legislated and earmarked for transport, logistics, and energy infrastructure.

‘Embedding this commitment into the national budgeting process and potentially into legislation would help rebuild trust with citizens who have borne the immediate burden of subsidy removal,’ he said.

Kale highlighted Nigeria’s telecoms liberalisation as a model for reform. ‘In 1960, we had fewer than 20,000 telephone lines for 40 million people. By 2001, after four decades of monopoly under NITEL, there were only 400,000 lines. Liberalisation in 2001 changed everything. Within five years, lines rose to over 10 million. Today, Nigeria has over 220 million active subscriptions, contributing 16% of GDP. That is what well-designed reforms can do,’ he said.

On trade, he warned that restrictive policies such as export bans, high tariffs, and border closures undermine competitiveness and integration into global value chains.

‘While such measures are often justified as protecting local industries, in practice they encourage smuggling, raise consumer prices, and limit efficiency,’ he said.

He urged Nigeria to position itself as a continental hub under the African Continental Free Trade Area (AfCFTA).

Kale acknowledged that while macroeconomic stabilisation was visible in the data, millions of Nigerians still measure progress in ‘the price of food, the reality of electricity, and their children’s job prospects.’

He praised initiatives like the Student Loan Act and state-level fuel relief packages but called for deeper reforms in education, healthcare, and social protection.

‘Without shared opportunities, inequality and unrest will erode stability. Power and fiscal reforms should empower states, while federal economic and agro-processing zones can lift lagging regions,’ he said.