Omolabake Fasogbon

The Institute of Chartered Accountants of Nigeria (ICAN), has urged best practices in accounting profession, noting that its district societies across the country have been pivotal in advancing the institute’s objectives within the financial sector. 

President of the institute, Haruna  Nma Yahaya reiterated this during the investiture ceremony of  the fifth Chairman  of ICAN Ilupeju/Gbagada & District Society (ICAN IGDS),  Dr. Titilayo Fowokan in Lagos, noting that expectations are high of ICAN to enhance transparency in financial transactions. 

Represented by ICAN IGDS Coordinator,  Ezekiel Alaga , the ICAN President further charged newly sworn-in chairman and other elected executives to stay true to the ideals of the profession and not to compromise the virtues which qualified  them to lead the district.

He reminded Fowokan on the need to maintain the standard that set the district apart, especially in inspiring younger accountants, stating that eyes are on the over 90 ICAN district societies to effectively drive the institute’s national mandate at the local level.

He said, “District societies are vital to the national body, identifying and addressing members’ professional needs.  They provide quality leadership to ensure that ICAN remains a beacon for the accounting profession.  

 “To ensure broader impact, they undertake corporate social responsibility projects, including the ‘Catch them young’ program to inspire the next generation of accountants.  New executives should sustain this trend to maintain ICAN’s position as a global leader.”

In her acceptance speech, Fowokan thanked the institute for the privilege reposed in her to serve, pledging her dedication to advancing the institute’s common vision.

She unveiled her programme for the district as captured under the theme’ ACCELERATE’, assuring that the programmes will build on the growth agenda of previous administration. 

Omolabake Fasogbon

The Lagos State Government has reiterated its commitment to effective and transparent  taxation,  just as states intensify efforts to boost revenue for infrastructure development.

Governor of Lagos state, Mr Babajide Sanwo-olu declared this at the investiture ceremony of  Mr Innocent Ohagwa as the 17th President of the Chartered Institute of Taxation of Nigeria (CITN), assuring of state’s cooperation with the institute to drive vouluntary tax compliance. 

Sanwo-olu represented by his Special Adviser on Taxation and Revenue, Mr. Opeyemi  Ogungbo, lauded the institute’s influence in shaping national taxation and reforms proven to have enhanced tax system and professional practice.

He expressed confidence in the  capacity of the 17th President to lead CITN to new heights, citing his  track records and expertise in taxation spanning  over three decades which have earned  him prestigious roles within and outside the institute across the continent. 

Sanwo-olu further charged Ohagwa on innovative practice,  emphasizing his emergence came at a critical point in Nigeria’s fiscal landscape, while he pledged fullest support and collaboration. 

In a keynote address themed, “The Tax Professionals of Tomorrow: Skills, Ethics  and Innovation,”  Professor of Accounting at Nasarawa State University, Muhammad Mainoma

noted that traditional tax model was become obsolette for evolving global economy, and heightened demand for accountability and transparency. 

According to him, global initiatives like Base Erosion and Profit Shifting(BEPs) project, Common Reporting Standard (CRS) and push for global minimum tax are redefining tax juridictions.

He said, ” The society demands a higher standard of ethical conduct from tax practitioner. In an age where public trust in institutions is fragile, tax professional play a key role in ensuring fair and transparent taxation. Ethical lapses not only harm client’s interest but also damage public confidence in the ba system as  a whole.”

In his acceptance speech, Ohagwa  pledged  commitment to service, stating that his priorities align with the institute’s strategic plan. Some of his identified action points  included capacity enhancement for taxation stakeholders,  collaboration with key stakeholders on implementation of recent fiscal and tax reforms and improvement of service delivery channels and process, amongst others. 

Omolabake Fasogbon

The Nigerian Association of Small and Medium Enterprises (NASME) has called for sustained excellence and support for women across sectors, reiterating their  role in Nigeria’s Micro, Small, and Medium Enterprises (MSME) ecosystem. 

NASME made this call recently in Abuja, during its  International Women’s Day Awards, an initiative designed to celebrate exceptional and productive women enterpreneurs in the MSME sub-sector of the economy.

At the event, the association shone a spotlight on Chief Executive Officer of Cutix Plc and Deputy President (South) of NASME,  Mrs. Ijeoma Odunoye for her supportive roles in the development of local entrepreneurship and exemplary leadership in Cutix Plc. 

Adjudging Odunoye as the “Most Successful Female Entrepreneur/Excellent Woman CEO”, NASME National President, Dr. Abdulrashid Yerima  remarked that her feat was a testament to the rising influence of women in business leadership. 

He stated that awards were not merely ceremonial, but a deliberate recognition of the exceptional contributions by women entrepreneurs  to the growth of the sub-sector.

“We recognise the supportive roles of  Odunoye in the development of the MSME sector of the economy  and wishes that this tempo is sustained for the benefit players in the country,” he said. 

In her remark,  Odunoye appreciated the organisers for the recognition, attributing her exploits to team efforts and commitment to excellence and quality. 

“Quality is what has kept us going. We don’t cut corners. Before starting any business, understand its core principles, standards and operate accordingly. Let your quality speak for itself. Cutix may be considered premium, but what we offer is peace of mind. Even electricians agree, if you want to avoid costly repairs, our brand is what to embrace”,she stated. 

The high profile event was graced by stakeholders and captains of industry, including  Special Adviser to the President on Job Creation and MSMEs, Mr Olatunji Johnson,  representing  President Bola Ahmed Tinubu in delivering keynote address.

Omolabake Fasogbon

The Nigerian-American Chamber of Commerce (NACC) has said that is charting a new path to strengthen trade relations between Nigeria and the United States for the development of both economies. 

To this effect, the chamber unveiled a 10-point strategic agenda comprising: SME development and training, an export focus group, financing opportunities, enhanced member engagement, and geographical crop identification. 

President of NACC, Sheriff Balogun while speaking at a press conference in Lagos, ahead of the chamber’s Presidential Inauguration Dinner & Awards, expressed the chamber’s commitment to unlocking new economic opportunities in line with its mandate to foster development. 

“Our focus is clear- strengthening trade and investment between Nigeria and the United States through structured business engagements, trade missions, and capacity-building for SMEs. We shall also be exploring synergy between the chapters and headquarters, business incubator and accelerator programmes, trade missions and expos as well as chapter expansion,” he said. 

Deputy President of NACC,  Ehi Braimah hinted at the inauguration dinner in April 12, noting that it coincides with  NACC’s 65th anniversary and an opportunity to honor   leaders  from Nigeria and American whose strides have advanced economic development. 

 “The 65th anniversary celebration will be nothing short of a trailblazing, trend-setting, and statement-making event. ������Ƶ leaders from both countries across private, public, and social enterprise sectors will be honoured for their contributions to economic development,” he informed. 

Acting Director General of the chamber, Ms. Wofai Samuel added that the chamber will also seize the occasion to unveil its state-of-the-art headquarters building showcased through a 3D model. 

“This symbolises the chamber’s remarkable growth, commitment to sustainability, and forward-thinking vision for the future,“ he said.

Omolabake Fasogbon

No fewer than 100 exhibitors from over 15 countries are set to explore business opportunities in Nigeria’s burgeoning agrofood&plastprint sectors. 

This is as the local food packaging business, presently raking in over €304m continued to draw new opportunities that solidifies Nigeria’s presence in global market. 

Similarly, Nigeria’s surging food production from €26bn in 2016 to €36.3bn in 2020 and a projected rise by 48% further positions it as a viable investment destination. 

Senior Project Manager at Fairtrade, Freyja Detjen said that the investors who will be visiting   the country for 10th agrofood & plastprintpack Nigeria, will enjoy unique privilege to tap into West Africa’s largest economy and leverage expertise of global players. 

Detjen while speaking  recently in Lagos at a press briefing  heralding the event, further assured of  Nigerian government’s  readiness to support investors across sectors with initiatives as the Pioneer Status Incentive (PSI) offering tax holidays of up to five years for qualifying industries . 

He hinted that the involvement of Germany as the event headline will strengthen collaboration, facilitate knowledge exchange, and unlock new business opportunities for both Nigerian and international stakeholders. 

He said, “Nigeria’s industrial growth is undeniable, and foreign investors are taking notice. The numbers speak for themselves—this is a market with immense potential. The country’s record in food, plastics, printing, and packaging technologies position it among Africa’s leading industrial players.”

Omolabake Fasogbon

In its search for next generation of African innovators, African integrated payments and digital commerce company, Interswitch Group has announced top nine finalists for its InterswitchSPAK National Science Competition. 

The initiative underscores the firm’s commitment to nurturing young innovators towards Africa’s technological future.

The competition which is a flagship platform for promoting STEM education in Nigeria, attracted thousands of secondary school students nationwide.

 After several rounds of rigorous quizzes and problem-solving tasks, nine outstanding students emerged as finalists to compete for the grand finale in tackling advanced STEM challenges.

The overall winner will earn the coveted title of ’Nigeria’s Best STEM’ Student

Speaking, EVP of Group Marketing and Communications at Interswitch, Cherry Eromosele  informed that the platform aimed to nurture the next generation of African innovators and problem-solvers, adding that the finalists represent the immense potential of Nigeria’s youth. 

On the reward for excellence, Eromosele said that the first-place champion will be awarded a five-year tertiary scholarship worth N15 million, a monthly stipend, and a laptop. The second and third-place winners will receive N10 million and N5 million scholarships, respectively, alongside laptops. Finalists in the fourth to ninth positions will also receive significant cash prizes and laptops.

He said, “InterswitchSPAK is more than just a competition; it is a platform committed to the future and we are proud to support the finalists as they embark on a journey of transformation and impact. 

“We remain committed to fostering a culture of innovation through STEM education, which is essential for driving sustainable development across the continent,” he said. 

By Omolabake Fasogbon

Ogugua Belonwu has been recognized with the prestigious Top 100 SMEs Award by ������ƵDay for his groundbreaking work in leveraging technology to address unemployment challenges across Africa. 

As the leader of MyJobMag, a leading tech-driven career platform, and Best Value Providers, an IT consulting firm, Belonwu has significantly impacted the African job market. MyJobMag connects job seekers with potential employers, while other initiatives like  and  provide valuable career resources and insights.

Expressing his gratitude, Belonwu stated, “The Top 100 SMEs Award reflects the hard work and dedication of our entire team to solving Africa’s unemployment crisis. This award is a testament to our vision of empowering job seekers with the tools they need to succeed. We will continue to innovate and provide sustainable, tech-driven solutions to millions of Africans.”

Beyond MyJobMag, Belonwu has led initiatives empowering over 20,000 individuals in Kenya and Nigeria through partnerships with NGOs, universities, and faith-based organizations. 

“MyJobMag’s mission remains unchanged: to simplify and revolutionize the job search experience for both candidates and employers,” Belonwu added. “This award motivates us to push boundaries and create pathways for future generations of Africans to thrive.”

Founded in 2010, MyJobMag has connected over 26,880 individuals with jobs, offering services such as career counseling, internship coaching, and job placement. His new initiative, TechTalentZone, a job board catering to the growing demand for tech professionals, further demonstrates his commitment to human capital development.

The Top 100 SMEs Award from ������ƵDay highlights Ogugua’s crucial role in Nigeria’s tech ecosystem and his significant impact on driving economic growth through innovative solutions. 

Omolabake Fasogbon

Amid the uncertainties plaguing Nigeria’s economy, a team of experts led by Founder of The Chair Centre Group, Ibukun Awosika will be coming together to brainstorm innovative solutions and strategies to drive fiscal stability and prosperity in the country. 

The experts spanning both public and private sectors will be dissecting the economy under the theme: ‘Reassessing the Governance Dynamics in Nigeria’s Transition to Enduring Development and National Prosperity’, at the 48th national conference of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) in Lagos. 

President of the institute, Funmi Ekundayo who disclosed this during ICSAN’S  ‘Walk for life’ programme ahead of the conference stated that the theme was crucial this period to assess existing policies and re-charting the course towards sustainable economic growth. 

Ekundayo explained further that discussants including Chairman, MTN Nigeria, Ernest Ndukwe and Senior partner, Kenna Partners,Fabian Ajogwu  were selected  on their impressive credentials and experience to steer corporate governance practices on track and enrich professionals’ expertise. 

She added, “As a nation, we need to embrace transformative dynamics that can help reframe Nigeria’s narrative, fostering a more prosperous nation where all citizens can thrive with reduced economic anxiety. We will be delving into this while also exploring key elements of good governance such as transparency, accountability and efficient use of national resources.”

Also speaking at the walk programme, Vice President of the institute, Uta Ukpanah charged professionals on healthy lifestyle and   periodic exercise to  increase their productivity. 

Omolabake Fasogbon

A non-governmental organisation, Sustainable Development Goals for Her Initiative (SDGforHer), has decried the apathy for conventional healthcare in underserved communities, highlighting the urgency to intensify sensitisation in this regard.

It noted this as being detrimental to the Nigeria’s health care profile as well as heightens mortality risks in the country.

During a health drive for women in Makoko community in Lagos, Founder of the organisation, Hannah Ayilaran-Omon, observed a trend of distrust for orthodox care among over 200 women reached during the exercise, worrying that the situation was almost the same in rural communities.

She cited inherent dangers of this mindset to have fuelled wrong and late treatment of ailments, as she reiterated organisation’s objectives to safeguard women and children’s health, while preventing avoidable deaths.

The founder explained that the outreach  held in partnership with Total Health Trust and Alternative Bank’s Food Bank project sought to enrich physical health of women who are mostly victims of marginalisation.

She said: “This exercise aligns with our goals of driving the Sustainable Development Goals (SDGs) that pertain to women, including gender equality and good health. 

For eight months consecutively, we have taken our outreach programme to different communities across the country, addressing specific challenges of over 1,500 females of different age groups. We are championing health drive in Makoko today because of our understanding of the women’s challenges in accessing maternal and antenatal services.”

The Head of Corporate Social Investment at Alternative Bank, Solomon Okonkwo, explained that partnering SDGforHer would  amplify and  drive SDGs achievement as per the company’s vision.

According to her, “We believe that achieving one SDG goal is a stepping stone to realising others. By our alliance with the initiative, we hope to reach women in vulnerable communities with all-round empowerment, including good health and financial independence.”

Representing Total Health Trust, Dr. Eyitayo Abejide addressed the locals to prioritise insurance coverage to enable them have proper health planning and access quality medical intervention at affordable cost.

Beneficiaries of the outreach enjoyed one-on-one consultation with doctor, general health talk and medical checks including BMI, blood sugar, blood pressure monitoring and antenatal counselling.

Omolabake Fasogbon

Mrs Esther Osaghae, the widow of late Fidelis Osaghae has pleaded with government and Nigerian Police to unravel the mystery behind strange death of her 33 year- old husband, Fidelis Osaghae in his work place on July 29,2024.

������Ƶ learnt that late Fidelis until his death was a Manager at Angle 90 branch of Valchi Fast Food and Bar, Auchi, Edo State . On the fateful day, he returned from work around 2: 30 midnight to fetch an unknown item and dashed back to office, while he promised to return in a not too distant time.

According to Esther during a press conference by a non-governmental organisation handling the case, Akin Fadeyi Foundation (AFF), her late husband typically returned home midnight given the demands in his work place, but failed to return on this fateful day.

Esther ,a nursing mother of a two-month old said Fidelis employer, Valentine Oyemike claimed he may have committed suicide, in which she disputed since there was no underlying reason warranting such.

“On the ill-fated day, as my husband dashed back to work midnight, he told me to leave the door open, promising to return soon. By 5: 00 am, I woke up not seeing him by my side and curiouly called his line severally to no avail. I was forced to call the supervisor of the company, Tracey who picked late and told me situation is under control. By this time, I became nervous”, she recounted.

Esther said Oyemike later reached her in the morning,requesting to meet him at one Favour Hospital in Afasho, Edo State.

She however stayed back as she was advised against visiting the hospital with her two months old baby,while her elder sister, simply identified as Etomi represented her.

According to Etomi who also spoke with the press, she met the deceased’s lifeless body in Oyemike’s car with patches all over his body,his wedding band removed and boxers torned. Pictures shown to the media also confirmed this.

Esther said she suspected a case of homicide by the analysis of the corpse, thus sought justice for her husband whom she said they have just been married for a little above one year.

Meanwhile, AFF has petitioned the Inspector General of Police, Kayode Egbetokun to wade in to the issue, just as Esther had alleged move by Auchi Police Division to sweep the matter under the carpet.

The petition signed by AFF’s Executive Director, Akin Fadeyi and released to ������Ƶ doubted the capability of Auchi Police to handle the case professionally, citing suspected incompetence and compromise by police.

In the petition, AFF worried that the DPO of Auchi division was quick to exonerate the suspect, Onyemike, described as an influential person in Auchi environs, adding that the division had not shown any willingness to take action on a suspected homicide case.

“We are not able to risk our vote of confidence in the investigation of the death of Mr Fidelis within Auchi jurisdiction for fear of interference and compromise. We believe in the capacity of the Nigerian Police to get justice for Mrs Esther and we are willing to provide necessary support in this regard”, said Fadeyi.

Contacted, Police Public Relations Officer in Edo, Moses Joel said the matter is being investigated by the State Criminal Investigations Department(SCID) ,assuring that outcome will be made public in due time.

Omolabake Fasogbon

Foremost sustainability advocacy and consulting firm, CSR-in-Action Group has stepped up efforts towards enhancing sustainability and growth in organizations by making new key appointment. 

The firm stated that its appointment of Mrs Bolaji Sanyaolu as the new Chief Operating Officer (COO) comes with great task to further drive the objective of providing innovative solutions and ideas with regards to CSR and sustainability management. 

According to the organization in a statement, Sanyaolu, a master’s degree graduate in ������Ƶ Administration (Human Resources Management) from Lagos State University brings on board 32 years of extensive cognate experience and 18 years in corporate social responsibility (CSR), human resources, and communications. 

Her profile boasts notable achievements in developing and implementing human-driven communication strategies, managing government relations, and spearheading environmental, social, and governance (ESG) initiatives. 

Commenting, Chief Executive of CSR-in-Action, Bekeme Olowola stated that Sanyaolu’s appointment marks a significant milestone in the company’s journey towards business transformation and enhanced client services.

“Her extensive experience and proven track record in ESG, CSR, HR, and communications will be instrumental in driving our mission forward. Bolaji’s leadership will not only bring efficiency but also foster symbiotic growth for all our stakeholders. With her passion for sustainability and excellence, we are confident that her leadership will significantly enhance our efforts in promoting sustainable practices and fostering a positive societal impact,” she asserted. 

Omolabake Fasogbon

The Chief Executive Officer of Quomodo Systems Africa, Oluwole Asalu, has underscored the need for investors to prioritise cybersecurity to keep their businesses going and to avoid unnecessary loss.

According to the serial entrepreneur, the increasing reliant of businesses on digital technologies poses significant cybersecurity risks, requiring organisations to set up a robust cybersecurity framework. Noting that the financial sector was mostly hit by cyber-crime in Nigeria, with the sector losing up to N50. 5 billion between 2019 to July 2023, he expressed concern that the menace was still being overlooked. 

Asalu, argued that cybercrime which is now the biggest risks confronting financial sector was often treated as monetary thefts, adding however that it also entails intrusions into private spheres and disruptions to social order.

“In light of the significant risks associated with cyber threats, it is crucial that businesses prioritise cybersecurity as a critical component of their operations and business sustainability. 

“To achieve this, a multi-faceted approach is necessary. Firstly, robust security measures must be implemented, including firewalls, encryption, and intrusion detection systems, to provide a strong defence against cyber-attacks.

“Cybersecurity is not merely a technical requirement but a societal imperative. The beacon permits innovation to thrive, economies to expand, and individuals to connect without fear. Cybersecurity is our silent guardian, and it’s our collective duty to maintain its watch,” he said. 

He called for proactive steps against cybersecurity by identifying vulnerabilities which are discoverable through regular security audits and penetration testing. 

He went ahead to advise businesses to take cybersecurity as necessity and not luxury, urging organisation to set aside resources for same and train employees duly on best practices. 

“Collaboration is quite key. ������Ƶes must work together, share intelligence and best practices to stay ahead of the evolving cyber threat landscape.

“By adopting a proactive and comprehensive approach to cybersecurity, businesses can protect themselves, customers, and reputation, as well as remain competitive and successful in today’s digital marketplace,” he stated.

Omolabake Fasogbon

Finding opportunities and boosting the investment profile of Nigeria, amongst others were the thrust of discussion at a private cocktail event hosted by citizenship and residence advisory firm, Henley & Partners in Lagos recently. 

The event had the presence of distinguished individuals including business leaders, private investors, investment bankers, lawyers, wealth managers and High-net-worth individuals (HNWIs). 

Speaking at the gathering with theme, ‘A Taste of the World’, Managing Director, Private Clients at Henley & Partners, Troy Hanley, expressed delight at connecting with Nigerian business leaders, stating that it would drive the firm to deliver exceptionally in the country. 

He explained that the company’s expansion to Nigeria was borne out of commitment to Africa’s largest economy in helping citizens connect international opportunities and become global citizens.

Hanley, reiterated the firm’s strength in advising HNWIs and their families, as well as assisting clients in obtaining residence and citizenship through qualifying investments in countries of choice. 

He added, “Nigeria is one of over 55 countries where we have a presence. Our presence here underscores our commitment to providing tailored solutions for Nigerians seeking global mobility and investment options through citizenship by investment and other services we offer, including advisory services in designing and implementing investment-related immigration programs.”

Also commenting, Client Advisor for the organisation in Lagos, Weyinmi Oritsejafor, said, “We believe in building quality relationships, and we are dedicated to guiding our clients through global citizenship and investment complexities.

“Our presence in Nigeria is a testament to our commitment to providing individuals, families, and businesses with seamless and professional access to best citizenship and residency options globally.” 

In addition to providing opportunities for new businesses, attendees also had a good time to network and build relationship at the event. 

Omolabake Fasogbon

T4 Education in partnership with Accenture and American Express has unveiled shortlist for its 2024 World’s Best School Prize. 

Those shortlisted were spread across five categories of the award namely: Community Collaboration, Environmental Action, Innovation, Overcoming Adversity, and Supporting Healthy Lives. 

Among them was a Nigerian school, Wisdom International School of Excellence (WISE), which made the top ten in the “Overcoming Adversity’ category, thus stand a chance to be a partaker of the $50,000 prize. 

Rated as the world’s most prestigious education award, the World’s Best School Prize aimed to celebrate institutions promoting Sustainable Development Goals, SDGs through best practices and aiming at societal progress. 

Commenting, Founder of T4 Education, Vikas Pota, said,  “Unless we solve the urgent challenges global education faces – from learning gaps exacerbated by COVID to chronic underfunding and  teachers’ wellbeing, recruitment and retention crisis – we will have failed the next generation.

“Trailblazing Nigerian schools like WISE which have cultivated a strong culture and aren’t afraid to innovate, show the difference that can be made to so many lives. Others can now learn from their solutions, and its time governments do so as well.”

Overall winners in the five categories would be determined by judges’ review, while all the 50 shortlisted would be subjected to public vote in which the one with the highest votes will bag the Community Choice Award and membership to T4 Education’s Best School to Work programme. 

 Omolabake Fasogbon

The Nigeria’s food and hospitality industries valued at $3.2 billion and over $1.3 billion respectively continue to be a key component and driver of economy, thus a viable investment option to consider. 

This was the take home at an industry event tagged: ‘African Hospitality: 50 Years and Beyond’ in which experts also projected a positive outlook for sectors where the environment is enabling enough. 

The event held on the sidelines of the 50th anniversary of Wavecrest College of Hospitality held in partnership with Gino and Bama, flagship brands of GB Foods Nigeria

Speaking, CEO of GB Foods, Mr. Vincent Egbe, stated that the meeting was timely and necessary given the importance of the sector to food security and meeting the growing demand for diverse and high-quality food products.

He added that the success of Nigeria’s food revolution journey hinges on food accessibility, affordability, flavours, nutrition, consistency, convenience, and quality. 

“The event is also put together to celebrate African culinary mastery and hospitality and their essence.”, he said. 

The week- long event engaged a cross-section of experts who dissect the industries at different sessions. There were also awareness walk, games day, outreach, open day and food fair as well as a boot camp with attendees equipped with skills in food photography, makeup artistry, personal branding, and social media management.

The highlight of the event was a culinary competition tagged, ‘Chef Battle’ where contestants created innovative dishes using Gino and Bama products. The winners of the contest which included Lagoon Institute for Hospitality Studies students, CMK Culinary School and Wavecrest College were also commended. 

 Omolabake Fasogbon

Not a few women are blazing the trail in Nigeria’s business terrain, notwithstanding that their rate of participation in the labour market is not close to that of their male counterparts which represents 65.9 per cent of Nigeria’s labour force.

Challenges abound that restrain women from either accessing jobs or forced out of employment population. This is in spite of their ability to impact growth rapidly. In its recent Employee Satisfaction report, Jobberman Nigeria revealed that 70 per cent of women are likely to leave their current jobs, 24 per cent are yet to make up their minds while only six percent are happy to remain. 

Ranging from issues as discriminatory practices, pay, gender bias, denied promotion opportunities, workplace harassment, intimidation and pressures from family, career balance, amongst others, all constrain women in the work place.

The aforementioned challenges also come as major discouragements for Chief Executive Officer of Emerging Africa Group, Dr. Toyin Sanni whose name may not have mattered or impacted generations had she given in to circumstances. 

Right from her days as Group Chief Executive Officer of United Capital Plc, the finance guru said she had to leverage connections with family, friends and mentors for advice and encouragement as well as support network to stay. 

Not also dismissing the place of resilience, determination and persistence, she encouraged ambitious women to emulate these strategies to succeed in their career path. 

Guided by the above, Sanni rose through the ranks to become one of the few women calling the shot in nation’s investment banking space, and in 2018, established Emerging Africa, a leading provider of financial services that is giving competitors a run for their money.

Expected while setting up a new and woman- owned enterprise, those challenges the multiple award winning wealth advisor thought she may have overcome as an employee resurfaced, but in a new dimension. 

According to her, establishing own-business poses challenges for women in areas such as financing, doubt or trust deficit from male prospective male clients or partners, amongst others.

Citing her experience, she said, “I recognised a critical gap in Africa’s access to finance and investments, thus the motivation for Emerging Africa to bridge this gap by creating a financial institution that empowers individuals and younger businesses across the continent. More so, my passion for entrepreneurship pushed me. 

“However, at the initial stage, I was held back by lack of peer mentors and advisers as well as the underrepresentation of women in the financial space. There aren’t many women controlling this space and that gave me a kind of skepticism about my capacity.

“Also to note was initial bottlenecks to secure mandates for sizeable transactions, in some cases feeling edged out by male figures in the industry. There were instances of male clients who had committed to work with us and would later recant based on pushback from their friends who wouldn’t let us join the “club”. Of course, not all men resist women in business.

“There were also limitations around accessing patient funding to underwrite transactions, being a male-dominated Industry was also a threat while securing investment for a woman-led venture was notably difficult.”

On how she overcame, the Lagos ������Ƶ School (LBS) alumni said she drew strength from her long-term vision and the support of trusted mentors and colleagues who believed in her mission.

As par sourcing capital to get the business off the ground, she said she took the risk of sacrificing her life savings, family asset, funds of friends and  support of mentors like  Tony Elumelu, Yinka Sanni at StanbicIBTC, Ike Chioke at Afrinvest and Jimoh Abubakar, amongst others. 

She advised that women who are stuck at the capital stage have quite a number of options to explore, including offerings by Emerging Capital Microfinance banks and Venture Capital division. 

“They specialised in providing essential funding for early stage businesses who have achieved proof of concept and meet their other criteria,” she said. 

Other than that, she said women founders could also explore Incubation programs and investment from angel investors and crowdfunding platforms. 

“Better still, applying for grants and loans targeted at women entrepreneurs. Additionally, tapping into personal savings, utilising business incubators or accelerators, and exploring partnerships or collaborations can help secure the necessary capital to launch a successful venture,” she informed. 

Acknowledging that some with financial prowess get trapped with business / investment choice, she advised, “Women can leverage opportunities offered by the global demand for sustainable investments such as renewable energy, solar transition, SMEs financing and gender lens investing.

“The female economy also offers opportunities (US economy last year was dominated by the Trio of Taylor Swift, Beyonce and the film Barbie). Opportunities abound in Fashion, cosmetics, make-up and personal care products.

“The recent reforms in the power space has opened opportunities to invest in IPPs and supply power to eligible buyers. Social media have amplified the value of the creative arts like fashion, music, movies, culinary arts and the like. Moreover, our Balanced Diversity Fund at Emerging Africa Group is another great wealth option available for women in today’s economic landscape.”

 Omolabake Fasogbon

The Nigeria’s food and hospitality industries valued at $3.2 billion and over $1.3 billion respectively continue to be a key component and driver of economy, thus a viable investment option to consider. 

This was the take home at an industry event tagged: ‘African Hospitality: 50 Years and Beyond’ in which experts also projected a positive outlook for sectors where the environment is enabling enough. 

The event held on the sidelines of the 50th anniversary of Wavecrest College of Hospitality held in partnership with Gino and Bama, flagship brands of GB Foods Nigeria

Speaking, CEO of GB Foods, Mr. Vincent Egbe, stated that the meeting was timely and necessary given the importance of the sector to food security and meeting the growing demand for diverse and high-quality food products.

He added that the success of Nigeria’s food revolution journey hinges on food accessibility, affordability, flavours, nutrition, consistency, convenience, and quality. 

“The event is also put together to celebrate African culinary mastery and hospitality and their essence.”, he said. 

The week- long event engaged a cross-section of experts who dissect the industries at different sessions. There were also awareness walk, games day, outreach, open day and food fair as well as a boot camp with attendees equipped with skills in food photography, makeup artistry, personal branding, and social media management.

The highlight of the event was a culinary competition tagged, ‘Chef Battle’ where contestants created innovative dishes using Gino and Bama products. The winners of the contest which included Lagoon Institute for Hospitality Studies students, CMK Culinary School and Wavecrest College were also commended. 

 Omolabake Fasogbon

The Association of Certified Fraud Examiners (ACFE) Lagos chapter, has emphasised the need for collaboration in fraud fighting.

This comes as its President Dr. Titilayo Fowokan bagged recognition for leadership and hard work by the Youth Partnership for Africa’s Development (YOUPAD).

Fowokan, in a short period as president of the association has proven her mettle in anti-fraud efforts as evident in new initiatives she has spearheaded against fraud escalation. 

The group also presented ACFE Lagos a Confederacy Commendation Certificate. 

According to YOUPAD, a Pan- African youth league committed to leadership and entrepreneurship, Fowokan’s choice for the Thomas-Shankara Pan -African for leadership excellence for Hardwork and Contributions to Nation Building stemmed from her footprints in Nigeria’s taxation and anti-fraud push. 

President of the group, Henry Nwakwo reiterated the objective of the group to building the youth for leadership and entrepreneurship towards Africa’s prosperity, noting that Fowokan’s undertaking had being quite relevant to driving the group’s objectives. 

He added that the prize was an instrument of commendation reserved to appreciating great Africans whose lives and deeds exemplify the life of living for the sake of others and dedicated to the renewal of Pan-Africanism ideology. 

Presenting the award, he said, “This is to Dr Fowokan’s hard work and contributions to nation building through taxation and fraud extermination which are as outstanding as they are remarkable. You are a professional with zero tolerance to corruption, nepotism or favoritism. Your contributions to Nigeria’s economy and Africa at large did not go unnoticed”.

 Omolabake Fasogbon

The need for strengthening regional integration to enhance economic growth in Africa was recently reiterated at the Africa CEO Forum that held in Kigali, Rwanda, recently. 

Experts from across the continent who gathered for the forum express concern that Africa’s share of global trade was still less than three percent in spite of binding agreements, including African Continental Free Trade Area (AfCFTA). 

Speaking at the forum, the Chief Executive Officer of Vivajets, Chukwuerika Achum, noted that factors such as language, political and geographical barriers still limit collaborations and pose a  great challenge to business integration in Africa.

He identified numerous opportunities in business aviation to bridge existing gap and drive necessary growth. According to him, as Africa continues to evolve, the need for business aviation has become increasingly significant. 

“������Ƶ aviation is a success enabler for the 21st century African leader. It bypasses the common barriers that hinder mobility and collaboration in Africa whilst facilitating connectivity for business and policy leaders across boundaries”, he stated. 

Chief Operating Officer of Vivajets, Tejumade Salami further reiterated the company’s determination to foster innovations that would distinguish African leaders in global society.

“We are leveraging innovation to make business aviation more accessible and affordable, thereby democratizing access to an often-exclusive service. Our innovative approach has led to the development of digital platforms CharterXE and FlyPJX, both brands affiliated with Vivajets. 

“Our approach aims to democratize access to private aviation, ensuring that more leaders and organizations can harness its benefits,” he said. 

 Omolabake Fasogbon

The Association of Certified Fraud Examiners (ACFE) Lagos chapter, has emphasised the need for collaboration in fraud fighting.

This comes as its President Dr. Titilayo Fowokan bagged recognition for leadership and hard work by the Youth Partnership for Africa’s Development (YOUPAD).

Fowokan, in a short period as president of the association has proven her mettle in anti-fraud efforts as evident in new initiatives she has spearheaded against fraud escalation. 

The group also presented ACFE Lagos a Confederacy Commendation Certificate. 

According to YOUPAD, a Pan- African youth league committed to leadership and entrepreneurship, Fowokan’s choice for the Thomas-Shankara Pan -African for leadership excellence for Hardwork and Contributions to Nation Building stemmed from her footprints in Nigeria’s taxation and anti-fraud push. 

President of the group, Henry Nwakwo reiterated the objective of the group to building the youth for leadership and entrepreneurship towards Africa’s prosperity, noting that Fowokan’s undertaking had being quite relevant to driving the group’s objectives. 

He added that the prize was an instrument of commendation reserved to appreciating great Africans whose lives and deeds exemplify the life of living for the sake of others and dedicated to the renewal of Pan-Africanism ideology. 

Presenting the award, he said, “This is to Dr Fowokan’s hard work and contributions to nation building through taxation and fraud extermination which are as outstanding as they are remarkable. You are a professional with zero tolerance to corruption, nepotism or favoritism. Your contributions to Nigeria’s economy and Africa at large did not go unnoticed”.

 Omolabake Fasogbon

Not a few women are blazing the trail in Nigeria’s business terrain, notwithstanding that their rate of participation in the labour market is not close to that of their male counterparts which represents 65.9 per cent of Nigeria’s labour force.

Challenges abound that restrain women from either accessing jobs or forced out of employment population. This is in spite of their ability to impact growth rapidly. In its recent Employee Satisfaction report, Jobberman Nigeria revealed that 70 per cent of women are likely to leave their current jobs, 24 per cent are yet to make up their minds while only six percent are happy to remain. 

Ranging from issues as discriminatory practices, pay, gender bias, denied promotion opportunities, workplace harassment, intimidation and pressures from family, career balance, amongst others, all constrain women in the work place.

The aforementioned challenges also come as major discouragements for Chief Executive Officer of Emerging Africa Group, Dr. Toyin Sanni whose name may not have mattered or impacted generations had she given in to circumstances. 

Right from her days as Group Chief Executive Officer of United Capital Plc, the finance guru said she had to leverage connections with family, friends and mentors for advice and encouragement as well as support network to stay. 

Not also dismissing the place of resilience, determination and persistence, she encouraged ambitious women to emulate these strategies to succeed in their career path. 

Guided by the above, Sanni rose through the ranks to become one of the few women calling the shot in nation’s investment banking space, and in 2018, established Emerging Africa, a leading provider of financial services that is giving competitors a run for their money.

Expected while setting up a new and woman- owned enterprise, those challenges the multiple award winning wealth advisor thought she may have overcome as an employee resurfaced, but in a new dimension. 

According to her, establishing own-business poses challenges for women in areas such as financing, doubt or trust deficit from male prospective male clients or partners, amongst others.

Citing her experience, she said, “I recognised a critical gap in Africa’s access to finance and investments, thus the motivation for Emerging Africa to bridge this gap by creating a financial institution that empowers individuals and younger businesses across the continent. More so, my passion for entrepreneurship pushed me. 

“However, at the initial stage, I was held back by lack of peer mentors and advisers as well as the underrepresentation of women in the financial space. There aren’t many women controlling this space and that gave me a kind of skepticism about my capacity.

“Also to note was initial bottlenecks to secure mandates for sizeable transactions, in some cases feeling edged out by male figures in the industry. There were instances of male clients who had committed to work with us and would later recant based on pushback from their friends who wouldn’t let us join the “club”. Of course, not all men resist women in business.

“There were also limitations around accessing patient funding to underwrite transactions, being a male-dominated Industry was also a threat while securing investment for a woman-led venture was notably difficult.”

On how she overcame, the Lagos ������Ƶ School (LBS) alumni said she drew strength from her long-term vision and the support of trusted mentors and colleagues who believed in her mission.

As par sourcing capital to get the business off the ground, she said she took the risk of sacrificing her life savings, family asset, funds of friends and  support of mentors like  Tony Elumelu, Yinka Sanni at StanbicIBTC, Ike Chioke at Afrinvest and Jimoh Abubakar, amongst others. 

She advised that women who are stuck at the capital stage have quite a number of options to explore, including offerings by Emerging Capital Microfinance banks and Venture Capital division. 

“They specialised in providing essential funding for early stage businesses who have achieved proof of concept and meet their other criteria,” she said. 

Other than that, she said women founders could also explore Incubation programs and investment from angel investors and crowdfunding platforms. 

“Better still, applying for grants and loans targeted at women entrepreneurs. Additionally, tapping into personal savings, utilising business incubators or accelerators, and exploring partnerships or collaborations can help secure the necessary capital to launch a successful venture,” she informed. 

Acknowledging that some with financial prowess get trapped with business / investment choice, she advised, “Women can leverage opportunities offered by the global demand for sustainable investments such as renewable energy, solar transition, SMEs financing and gender lens investing.

“The female economy also offers opportunities (US economy last year was dominated by the Trio of Taylor Swift, Beyonce and the film Barbie). Opportunities abound in Fashion, cosmetics, make-up and personal care products.

“The recent reforms in the power space has opened opportunities to invest in IPPs and supply power to eligible buyers. Social media have amplified the value of the creative arts like fashion, music, movies, culinary arts and the like. Moreover, our Balanced Diversity Fund at Emerging Africa Group is another great wealth option available for women in today’s economic landscape.”

 Omolabake Fasogbon

Stanbic IBTC Bank has rewarded another 70 winners in its ongoing ‘Reward4Saving promo’. 

With this, the bank has rewarded over 1,600 customers with N262 million in less than three years since the promo commenced.  According to the bank, the initiative was aimed at fostering savings culture among Nigerians by recognising and rewarding individuals who commit to building and maintaining consistent saving habits.

As a testament to the credibility of the promo too, it was rated the “Most Transparent Consumer Promotion” for two consecutive years in the Industry Awards. 

The 70 winners were rewarded N100, 000 each during the April draw, while more winners would be rewarded with same amount until August 2024.

Head of Voice Branch at the bank, Biola Adekoya, explained that seven lucky customers would receive N1 million each in quarterly draws and another seven to get N2 million in the grand finale.

Adekoya also expressed optimism about the ongoing promo, sharing inspiring stories of previous winners. 

 .Set June 1  for new price take-off

Omolabake Fasogbon

Following the National Bureau of Statistics (NBS)’s announcement of April 2024 inflation rate hitting 33.69 per cent as against 33.20 per cent for March, International Breweries (IB) Plc has announced a new increase in the prices of its beers and other Stock-Keeping Units (SKUs) products in the country effectively from June 1.

IB Plc’s latest increase in beer and other SKUs upward review adjustments in its prices will be its fifth this year’s alone, at a period Nigerians are lamenting hardship fueled by the continue rising in inflation rate.

The company in a memo signed by its Head of Sales, East, Mr. Olaleye Abimbola, directed all its trade partners to comply  with the new price upward adjustments, beginning from June 1, citing current market realities behind the reason for the review, mostly inflationary pressures.

The  memo titled: ‘Price Review Notification,’ quoted Abimbola  as saying: “We write wishing the best for you, your family and your business. This is to notify you, our valued business partner, that we are reviewing prices in our portfolio due to the current market realities, as we work to enhance our pricing models that ensures you are best served by us. “To this end, the review in the prices of our selected SKUs will take effect on the 1st of June.

“Find below the list of affected SKU’s: Eagle Lager RB 600mix12, Eagle Extra Stout RB 600mix12, Trophy Stout 600ml ×12, Beta Malt Can 330mix24, Beta Malt PET 250ml×24, Beta Malt PET 330mlx24, Ground Malt Can 330mix24, Ground Malt PET 250mlx24, Grand Malt PET 330mlx24. “We are confident that this decision will be prove beneficial to all our business partners.  “Similarly we urge you to honour the same pricing strategy we had in the previous months until these changes are announced and implemented. Thank you for your attention,” Abimbola added.

However, the new price adjustments did not go down well with its esteemed business partners who are complaining bitterly of where to get funds to comply with the new IB Plc’s prices and directive in the memo letter.

Specifically, the company’s distributors and trade partners are crying loud that the new interest rate of 22.5 per cent and Cash Ratio Rate (CRR) may scuttle their plans of approaching Nigerian banks for credits to adjust to IB Plc’s new price come June 1.

 Omolabake Fasogbon

Tckling food insecurity and enhancing local agriculture proceeds for national growth, amongst other issues, would be the focal point at the forthcoming AgriConnect summit holding in Lagos. 

The initiative being put forward by Peju Adeyemi, the organisers, in collaboration with Obasanjo Farms Nigeria, would be exploring the strength of innovation and collaboration to address pressing agricultural challenges. 

In a statement, Adeyemi revealed that the theme of the conference, “Bridging the Divide: Cultivating Collaboration and Innovation for a Sustainable Agricultural Future,” was inspired by worsening food crisis in the country, noting that stakeholders across relevant sectors would be charting way forward in Lagos, on May 31.

Already, about 26.5million Nigerians are projected to be food insecured in 2024.

The event which would be chaired by former Nigerian President, Olusegun Obasanjo will be graced by valued stakeholders from agtech companies, agri-finance institutions, Ministries of Agriculture, local agricultural development organisations as well as agripreneurs, amongst others. 

Also expected at the event are speakers from renowned organisations like Bank of Industry, Union Bank, the French Consulate, United States Agency for International Development (USAID), International Institute of Tropical Agriculture (IITA) and Microsoft, amongst others. 

“The AgriConnect Summit aims to dismantle silos between different sectors, fostering a more unified approach to agricultural development.

“By championing innovative solutions customised to the unique needs of Nigerian farmers, the summit seeks to generate actionable strategies to address food security challenges and ensure the enduring viability of Nigerian agriculture”, she disclosed. 

Representing Obasanjo Farms Nigeria, Dr. Toyosi Obasanjo, said, “By convening leaders from technology, finance, government, developmental organizations, and agriculture, we aspire to co-create actionable strategies to surmount the obstacles faced by farmers and fortify food security in Nigeria.”

Omolabake Fasogbon

The federal government has been called on to initiate a new legislation that would decriminalise attempted suicide to promote support for survivors.

A mental health advocacy organisation, Asido Foundation,  made the call during an advocacy visit to the Attorney General and Minister of Justice,  Mr. Lateef Fagbemi.

The foundation stated that the legislation would put Nigeria on the same page with the global society.

The Chairman of the foundation’s board of trustee, Mr Meka Olowola, said that the  implementation of the Mental Health Act and adopting international standards for mental health, is crucial to protect the human rights of persons with mental disorders as well as 50 million at-risk Nigerians.

He worried that criminalising  attempted suicide in the country, which attracts a penalty of one year imprisonment, remained a threat amid whopping one million deaths to suicide annually.

On his part, the Founder and CEO of the foundation, Dr. Jibril Abdulmalik, said that mental health conditions, especially depression, were behind majority of attempted suicide cases, prompting  legalisation of the act globally.

Abdulmalik said: “Individuals who attempt suicide require compassionate care and treatment in a hospital setting, rather than criminal prosecution and imprisonment. 

“Nigeria urgently needs to follow global trends and decriminalise attempted suicide to offer vital support and compassion.

“With mental health reform, Nigeria can diminish the stigma associated with mental illness, broaden access to mental health services, and enhance the overall quality of life. 

“This will contribute to economic growth and affirm mental health as a fundamental human right.”

Remarking, Fagbemi promised to take urgent action on the matter, reaffirming present administration’s  commitment to enhancing the nation’s healthcare system.

He said: “We will endeavour to carry along the state attorneys general at our upcoming meeting, where we will deliberate and take necessary action. On the Mental Health Act.

“I am confident that the Minister of Health is already giving it due consideration, we wil work together to ensure successful implementation.”