General
IIF Ready for 3rd Gender Impact Investment Summit
By Modupe Gbadeyanka
All is now set for the third Gender Impact Investment Summit (GIIS) scheduled for Thursday, October 2, 2025, at the Civic Centre in Lagos.
The event is organised by the Impact Investors Foundation (IIF), Nigeria’s leading platform for unlocking impact capital.
A key highlight of the programme will be the official unveiling of the ground-breaking Gender/Gender Equity and Social Inclusion (GESI) Roadmap.
This strategic framework is designed to tackle the systemic barriers faced by businesses led by women, youth, and People with Disabilities (PWDs) in Nigeria, providing a clear path for various actors to adopt more inclusive practices.
Another key feature of the summit will be in-person and virtual deal rooms, which will provide a direct platform for investment-ready, women-led, and women-owned businesses to connect with capital providers.
This unique opportunity will facilitate crucial partnerships and foster real-world investments by connecting entrepreneurs with impact investors and fund managers.
GIIS serves as a crucial platform where stakeholders converge to address systemic barriers that limit women’s access to finance and accelerate progress toward a more inclusive and equitable investment landscape in Nigeria.
While previous summits focused on bridging the financing gap and promoting gender-inclusive investment models, this year’s summit will move beyond dialogue by introducing a comprehensive roadmap with targeted interventions for inclusive capital mobilisation.
The third annual summit, with the theme, Investing in Equity: Advancing Gender-Led Solutions for Inclusive Development, will mark a significant turning point, shifting from advocacy to tangible action.
The summit will feature panel discussions that will drive knowledge and insight sharing, breakout and networking sessions, fireside chats, and presentations from notable speakers in the financial, business, and policy sectors. Jessica Espinoza, CEO of 2X Global, a global industry body for gender lens investing will deliver the keynote address.
“This summit is about more than just talk; it’s about action. By shifting our focus from advocacy to a powerful business strategy, we’re proving that investing with a gender lens isn’t just about doing good—it’s about achieving higher returns,” the chief executive of IIF, Ms Etemore Glover, stated.
“Through GIIS, IIF is committed to establishing Nigeria as a leader in gender-inclusive investments, showing the world that economic prosperity and social impact can go hand-in-hand,” she added.
General
NERC Unveils 3-Step Guide for Resolving Electricity Complaints
By Adedapo Adesanya
The Nigerian Electricity Regulatory Commission (NERC) has introduced a streamlined three-step process to help electricity consumers address common issues like power outages, estimated billing, faulty meters, and voltage fluctuations.
In a public advisory shared on its X handle on Tuesday, the electricity sector regulator emphasised that customers should begin by contacting their respective electricity Distribution Companies (DisCos), which serve as the primary point of contact for technical and billing problems.
Consumers are urged to secure a complaint reference number and maintain records of all interactions for efficient follow-up.
The advisory outlines the process as follows: “Contact your DisCo’s customer care – This is the first step for all technical or billing issues;
“Escalate to State Electricity Regulator (SER) – If unresolved, and the consumer is in a state that has transitioned to an SER;
“Reach NERC Call Centre – For consumers in non-transitioned states or needing further assistance. Contact options include 0201 344 4331, 0908 899 9244, or [email protected],” it said.
“We’re here to make sure your complaint is heard and addressed,” the advisory concluded, aiming to empower consumers amid ongoing challenges in Nigeria’s power sector.
This guidance comes as electricity consumers continue to grapple with service disruptions and billing disputes, highlighting NERC’s efforts to improve accountability across DisCos and state regulators.
General
Senate Passes Electoral Act Amendment Bill After Mild Row
By Adedapo Adesanya
The Senate passed the Electoral Act, 2022 (Repeal and Re-Enactment) Bill 2026 on Tuesday after overcoming a rowdy session that saw lawmakers at loggerheads.
The issue in the upper chamber stemmed from a division over Clause 60 raised by Mr Enyinnaya Abaribe, a member of the opposition party, African Democratic Congress (ADC), from Abia South.
The Senate President, Mr Godswill Akpabio, stated that he believed the demand had previously been withdrawn, but several opposition senators immediately objected to that claim.
Citing Order 52(6), the Deputy Senate President, Mr Barau Jibrin, argued that it would be out of order to revisit any provision on which the Senate President had already ruled.
This submission sparked another uproar in the chamber, during which Mr Sunday Karimi had a brief face-off with Mr Abaribe.
The Senate Leader, Mr Opeyemi Bamidele, then reminded lawmakers that he had sponsored the motion for rescission, underscoring that decisions previously taken by the Senate are no longer valid, maintaining that, consistent with his motion, Mr Abaribe’s demand was in line.
Mr Akpabio further suggested that the call for division was merely an attempt by Mr Abaribe to publicly demonstrate his stance to Nigerians. He sustained the point of order, after which the Abian lawmaker rose in protest and was urged to formally move his motion.
Rising under Order 72(1), Mr Abaribe called for a division on Clause 60(3), specifically concerning the provision that if electronic transmission of results fails, Form EC8A should not serve as the sole basis, calling for the removal of the proviso that allows for manual transmission of results in the event of network failure.
During the division, Mr Akpabio directed senators who supported the caveat to stand. He then asked those opposed to the caveat to rise, to which 15 opposition senators stood.
However, when the votes were counted, the Senate President announced that 15 senators did not support the proviso, while 55 senators voted in support.
Earlier, proceedings in the Senate were momentarily stalled as lawmakers began clause-by-clause consideration of the Electoral Act, 2022 (Repeal and Re-Enactment) Bill 2026, following a motion to rescind the earlier amendment.
The motion to rescind the bill was formally seconded on Tuesday, paving the way for the upper chamber to dissolve into the committee of the whole for detailed reconsideration and reenactment of the proposed legislation.
During the session, the Senate President, Godswill Akpabio, reeled out the clauses one after the other for deliberation.
However, the process stalled when at clause 60, Mr Abaribe raised a point of order, drawing immediate attention on the floor.
This soon caused the session to move into a closed-door session.
Before rescinding the Electoral Act, the red chamber raised concerns over the timing of the 2027 general elections and technical inconsistencies in the legislation.
Rising under Order 52(6) of the Senate Standing Orders, the Senate leader, Opeyemi Bamidele, moved the motion to reverse the earlier passage of the bill and return it to the Committee of the Whole for fresh deliberations.
He explained that the development follows the announcement by the Independent National Electoral Commission (INEC) of a timetable fixing the 2027 general elections for February 2027, after consultations with the leadership of the National Assembly.
He stated that stakeholders had raised concerns that the proposed date conflicts with the provisions of the amended law, particularly the requirement that elections be scheduled not later than 360 days before the expiration of tenure.
He further noted that upon critical review of the passed bill, the 360-day notice requirement prescribed in Clause 28 could result in the scheduling of the 2027 Presidential and National Assembly elections during the Ramadan period.
According to him, holding elections during Ramadan could negatively affect voter turnout, logistical coordination, stakeholder participation, and the overall inclusiveness and credibility of the electoral process.
The motion also highlighted discrepancies discovered in the Long Title and several clauses of the bill, including Clauses 6, 9, 10, 22, 23, 28, 29, 32, 42, 47, 51, 60, 62, 64, 65, 73, 77, 86, 87, 89, 93, and 143. The identified issues reportedly affected cross-referencing, serial numbering, and internal consistency within the legislation.
General
IFMA Nigeria Gets Branch in Oyo, Picks Adejumo Olusola Babatunde as Coordinator
By Modupe Gbadeyanka
A new branch of the International Facility Management Association (IFMA) Nigeria Chapter has been established in Oyo State, with Mr Adejumo Olusola Babatunde chosen as Coordinator.
The organisation set up an arm in the South-West state in a bid to expand its footprint in the country. Mr Babatunde will be assisted by other executive committee members, including Mr Ajiboye Olusola Akeem as Secretary, and Mrs Adeniran Olaide as Treasurer.
At the inauguration of the branch at the Nigerian Society of Engineers (NSE) Secretariat in the Akobo area of Ibadan, the Oyo State capital, the president of IFMA Nigeria, Mr Sheriff Daramola, expressed delight at the successful inauguration of the branch and commended members for their commitment to the growth of facility management in Nigeria.
He highlighted IFMA’s global heritage, noting that the association is supporting over 25,000 members in more than 140 countries worldwide. Mr Daramola emphasised IFMA’s strong global network, the world’s largest and most widely recognised association for facility management professionals, headquartered in the United States and its growing influence in Africa, the Middle East and Europe.
“IFMA members have taken positions of authority across federal, state, and private institutions; IFMA Nigeria is positioned to ensure our professionals are the first choice for global investors entering the Nigerian market,” he stated.
The Legal Adviser of IFMA, Nigeria, Mr Sola Fatoki, who shared this sentiment, said, “Since 1997, when IFMA Nigeria was established, the association has equipped facility management professionals with integrated knowledge spanning human behaviour, infrastructure, and the built environment.”
He encouraged engineers, architects, surveyors, ITC, Technology innovators, data analysts and allied professionals to see IFMA as their professional home and outlined the functions and responsibilities of branch executive committees.
In his remarks, Mr Babatunde expressed gratitude to the national council for the opportunity to serve and pledged to ensure the success of the branch, focusing on unity and the professional advancement of stakeholders in the region.
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