General
Ikorodu Roads Deadlier than Badoo Cultists—Security Expert
By Modupe Gbadeyanka
Before now, Ikorodu, a suburb of Lagos State, was always in the news because of the dreadful acts of the notorious Badoo cult group, which invaded residents’ homes and use pestle to smash victims’ heads to death.
But a foremost security outfit, Halogen Security Company Limited, has said the deplorable state of roads in the developing town is deadlier than the Badoo cult group.
As a result, the firm has appealed to federal government to urgently come to the rescue of residents in Ikorodu area of Lagos State.
According to the organization, the traumatic experience of commuters on the Ikorodu-Shagamu road on a daily basis, coupled with the social problems they’ve had to endure in recent times were too much to bear.
“I think it is high time the government recognized the extreme risks commuters on the Ikorodu-Shagamu road are exposed to and act immediately.
“It is now commonplace for thieves, kidnappers, rapists and other criminal elements to lodge themselves in the worst portions of the roads where all vehicles practically come to a halt and carry out their nefarious activities especially at night.
“I cannot but agree with those who call that road a death trap. I dare say that the Ikorodu road at the moment is deadlier than the Badoo cultists that ravaged the communities a few months ago, Managing Director of Halogen, Mr Wale Olaoye, disclosed in a statement issued in Lagos on Monday.
Mr Olaoye lamented the fact that besides the dire security risks, the bad roads affect in no small way, the economic conditions in that axis.
“Commercial activity will suffer there because goods and services will be in short supply leading to price increases in virtually all consumer items.
“Vehicle owners cannot use their vehicles optimally as the many potholes and detours mean that vehicles keep breaking down and they end up at mechanics’ workshop at the end of most journey.
“The implication of this is that commuters plying that road are exposed to safety risk, health risk and their livelihood is also affected,” he said.
The security expert further emphasized that the presence of a number of federal and state institutions on the road, including the Nigerian National Petroleum Corporation (NNPC), Federal Road Safety Corp (FRSC), 174 Battalion Army Barracks, the Lagos State Polytechnic, Lagos State Traffic Management Authority (LASTMA), Vehicle Inspection Office (VIO) and many others, including major industrial companies explains the high density of vehicular movement on the road with associated security and enterprise risks.
Mr Olaoye advised the government to set up a think tank to develop a national security and enterprise risk policy to guide with short – and long-term strategies for improving the safety and security of the nation’s assets and its people.
“We can have a formula that looks at the management of our infrastructure from three perspectives. First is ‘Natural Events’ (Potential Disasters) such as flooding etc. Here we can analyse its frequency and severity based on actuarial data and it can be mitigated through sensors, design, and response.
“Next is what we call ‘Unintentional Events’ (Failures, Incidents). This can be gauged also by its frequency and severity based on experience and it can be managed through design, training, and response.
“The third perspective is that of ‘Intentional Attacks’ (Acts of sabotage, Vandalism). Here the frequency and severity is difficult to predict but it still can be mitigated through security, design, and response.
“Dilapidated roads affect both security and performance of a transportation system. There are a number of rehabilitation techniques that can both reduce the rate of aging of a structure and in turn, improve their security.
“We can utilize technology that would undoubtedly improve the government’s ability to effectively analyse its infrastructural assets and allocate resources to those that are most vulnerable,” Mr Olaoye submitted.
By Adedapo Adesanya
The Nigeria Customs Service (NCS), in partnership with the Presidential Enabling Business Environment Council (PEBEC), has launched a strategic reform agenda aimed at enhancing port efficiency and strengthening Nigeria’s trade competitiveness.
The initiative was unveiled on Tuesday, April 7, 2026, at the opening of a three-day operational workshop in Apapa, Lagos, themed Customs Leadership in Port Efficiency, Inspection Reform and Clearance Timeline.
Speaking at the event, the Comptroller-General of Customs, Mr Adewale Adeniyi, outlined a five-pillar strategy designed to transform port operations. The framework focuses on joint inspections, risk-based cargo clearance, optimisation of scanning infrastructure, enforcement of service timelines, and improved inter-agency collaboration.
Mr Adeniyi emphasised that the Service is shifting from policy formulation to effective implementation, stressing the need for consistent execution of established best practices.
He noted that the “workshop was aimed at bridging the gap between knowledge and action within the system.”
He further highlighted the transition to intelligence-led cargo processing, stating that ongoing investments in digital platforms and scanning systems must result in faster, more transparent clearance procedures for traders.
To ensure accountability, the Customs boss disclosed that the workshop would produce a reform execution matrix subject to close monitoring, adding that he would personally track progress reports.
He also urged officers to uphold professionalism, integrity, and commitment in the discharge of their duties.
In her remarks, the Director-General of PEBEC, Mrs Zahrah Mustapha-Audu, underscored the importance of adopting risk-based, data-driven inspection systems.
According to her, efficient and transparent border processes are essential to reducing the cost of doing business and improving Nigeria’s global trade standing.
Also speaking, the Deputy Comptroller-General in charge of Tariff and Trade, Mrs Caroline Niagwan, said the evolving mandate of the Service places it at the heart of trade facilitation and economic growth, adding that efficiency must be reflected across all commands.
As part of the engagement, the Customs and PEBEC delegation visited the National Single Window facility, where they held discussions with the Chairman of the Nigeria Revenue Service, Mr Zacch Adedeji, and other stakeholders to review progress and address operational challenges.
By Adedapo Adesanya
Madica, a structured investment programme for pre-seed African startups, has announced new investments totalling $600,000 in three tech-enabled startups, including Nigerian data startup, Biovana.
According to the initiative, these investments further reinforce Madica’s commitment to supporting founders and startups often excluded from traditional venture funding. The other startups include Tanzania’s Kilimo Fresh and Kenya’s Hakimu.
Each company has secured up to $200,000 in funding and will take part in Madica’s 18-month programme. This includes a tailored curriculum, hands-on mentorship, executive coaching, and two fully funded immersion trips to key technology ecosystems, both locally and internationally. The startups will also gain access to Madica’s global investor network, helping position them for growth and long-term success.
Madica’s programme seeks to counter the concentration of Africa’s tech funding in a few markets, verticals, and well-networked entrepreneurs and instead drive more equitable growth across the continent. This is done by backing a mix of underrepresented founders, startups from underserved regions, and innovators in overlooked sectors.
Launched in 2022, Madica is a sector-agnostic investment program designed to address structural gaps in Africa’s startup ecosystem. The program tackles key challenges startups face, such as limited access to capital, a scarcity of investors, and insufficient mentorship. It also provides the structured support necessary for startups to resolve critical issues and foster innovation, entrepreneurship, and wealth creation across the continent.
Kilimo Fresh (Tanzania), co-founded by Ms Baraka Chijenga and Mr Justice Mangu, connects smallholder farmers in Tanzania to reliable urban markets by aggregating, processing, and distributing fresh produce through a technology-enabled supply chain, aiming to reduce food waste.
Hakimu (Kenya), Hakimu, co-founded by Ms Rawan Dareer, Mr Ahmed Ahmed and Mr Ahmed Elbashir, is building a pan-African legal infrastructure leveraging the power of AI.
Biovana (Nigeria), co-founded by two female founders, Ms Estelle Dogbo and Dr Jumi Popoola, is a data harmonisation and certification platform focused on unlocking African health datasets for global pharmaceutical, AI, and clinical research applications.
Commenting on the new portfolio companies, Mr Emmanuel Adegboye, Head of Madica, said, “Each new investment brings us closer to the portfolio we set out to build, one that reflects the full breadth and diversity of African entrepreneurship. These three startups join a growing community of founders we’re backing with the resources, relationships, and runway they need to succeed at this early stage. The opportunity across the continent is enormous, and we’re committed to being a crucial and consistent partner in realising it.”
“Joining the Madica portfolio is a significant moment for Hakimu. We’re revolutionising access to justice across Africa, and having a partner that understands the specific challenges and opportunities of scaling in Africa makes a real difference,” said Ms Dareer, co-founder and CEO of Hakimu. “We’re grateful for the trust, looking forward to the hands-on support, and clear-eyed about the work ahead.”
By Adedapo Adesanya
President Bola Tinubu is expected to be among the leading public figures attending the next edition of the Africa CEO Forum, which will take place on May 14-15, 2026, in Kigali, Rwanda
A strong Nigerian private-sector delegation will also take part, including Mr Aliko Dangote, Mr Wale Tinubu, Mr Ofovwe Aig-Imoukhuede, Mrs Adesuwa Ladoja, Mrs Rachel More-Oshodi, Mrs Zouera Youssoufou, Mr Karim Noujaim, Mr Dany Abboud, Mr Ayo Otuyalo and Mr Chukwuerika Achum. Nigeria’s Coordinating Minister of Health and Social Welfare, Professor Muhammad Ali Pate, will also be present.
According to a statement on Tuesday, the 2026 edition will convene in Kigali to address a defining question for Africa’s future: how to achieve the scale necessary to compete, integrate and thrive in a fragmenting world.
It comes as global power dynamics continue to evolve, while the ability of Africa to rely on competitive, agile and internationally integrated corporate champions has become a defining corporate imperative. In this shifting global landscape, one lesson is clear: scale is no longer optional. It is the first line of defence.
Organised by Jeune Afrique Media Group and co-hosted by the International Finance Corporation (IFC), the Africa CEO Forum 2026 will convene Africa’s leading public and private decision-makers around a clear conviction: scale can only be achieved through shared African ownership.
The Forum will explore three strategic levers to build continental scale. First is shared equity, which will look to unlock cross-border equity investment to create multinational African champions. Mobilise African institutional capital across markets to strengthen resilience and enhance long-term returns.
Also, is shared infrastructure, which will take on designing complementary infrastructure to integrate African value chains. Champion transformative projects that serve regional, not merely national, needs and create truly connected markets.
Thirdly is shared frameworks, which is set to harmonise standards, rules and regulations to boost investor confidence and enable the free flow of capital, goods and services. Build future-proof digital rails for health, education, agriculture and cross-border payments.
Speaking on this, Mr Amir Ben Yahmed, President of the Africa CEO Forum, stated: “If Africa wants to compete in a world defined by scale, it must move beyond economic patriotism and embrace a new model: African capital investing together. Shared ownership, cross-border partnerships and continental ambition will define the economic future of Africa and the next generation of African champions.”
On his part, Mr Makhtar Diop, Managing Director at IFC, stated: “Africa has the capital and the opportunity to grow and create quality jobs. What matters now is putting that capital to work at scale. That means building trust, sharing risk, and investing across borders. The Africa CEO Forum brings leaders together to connect policy and private investment, and to help shape Africa’s next phase of growth.”
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