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Lagos Must Remain Top Destination for Business in Africa—Governor

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By Modupe Gbadeyanka

Governor Babajide Sanwo-Olu on Tuesday said the ultimate goal of his administration was to ensure Lagos remains the top destination for business, work and living in Africa.

He made this disclosure at the swearing in of 35 members of his cabinet, who took the oath as Commissioners and Special Advisers at the Adeyemi Bero Hall in the Secretariat in Ikeja, and witnessed by the leaders and members of All Progressives Congress (APC) from all local government areas and local council development areas in the state.

During the programme, the Governor reiterated his government’s commitment to build on the foundation laid by his predecessors through Lagos Development Blueprint initiated by Mr Bola Tinubu in 1999.

While addressing his new team members, Mr Sanwo-Olu said he cabinet was unique in leadership qualities and gender diversity, adding that its members were selected through a rigorous process based on their track records in service delivery in their respective fields.

The Governor charged them to bring their years of leadership and administrative experience to bear in handling affairs of the state, stressing that the people of Lagos could not wait any longer to benefit from his administration’s programmes.

“It is with pride that I congratulate the new Commissioners and Special Advisers on your well-deserved appointments. It is a testament to your capacity, your accomplishments and your track record of hard work, commitment, dedication and professionalism in your private and public endeavours.

“Today, all of you are inducted into a singular administration, unique in its diversity – both of heritage and of creed – made up of technical and politically skilled men and women who understand the challenges of our state, grasp the grand vision of our administration, and are sensitive to the yearnings of our citizens, whom we must ultimately serve,” he said.

The Governor charged the appointees on innovation, commitment and exemplary leadership in the assigned roles, while also advising them to be prepared for the challenges ahead and be ready to pay any price for the development of Lagos.

He said, “Great opportunities for employment and wealth creation can only be realised sustainably if we are able to enhance governance with creativity, innovation and technology, while embracing collaboration with the private sector and continual dialogue and partnership with all relevant stakeholders.

“This is the task we have been called upon to undertake in the next four years on behalf of our people who are relying on us to support their dreams and aspirations. I charge you all to show commitment, diligence and exemplary leadership as the necessary virtues needed to achieve the greatness we desire for our State and to deliver the prosperity our people deserve.”

Also speaking at the event, Secretary to the State Government, Mrs Folashade Jaji, described the event as “a major milestone” in the history of political development in Lagos.

She said the choice of the cabinet appointees was a testimony to the determination of the Mr Sanwo-Olu administration to tackle the challenges facing the state and build a prosperous society.

She presented the cabinet members to the public and urged them to keep their focus on service delivery.

Giving a vote of assurance on behalf of the cabinet members, the Commissioner for Water Resources and Environment, Mr Tunji Bello, said the team would foster unity of purpose and dedication to enable the Governor realise his vision.

Other Commissioners sworn in include: Mr Rabiu Olowo Onaolapo (Finance), Mrs Folashade Adefisayo (Education), Prof. Akin Abayomi (Health), Dr Idris Salako (Physical Planning and Urban Development), Mr Gbenga Omotoso (Information and Strategy), Mrs Bolaji Dada (Women Affairs and Poverty Alleviation), Mr Lere Odusote (Energy and Natural Resources), Dr Frederic Oladeinde (Transportation), Mr Gbolahan Lawal (Agriculture), Mr Moruf Akinderu Fatai (Housing), and Mr Moyo Onigbanjo (Attorney General and Commissioner for Justice).

Also, Commissioners are Mr Hakeem Fahm (Science and Technology), Mrs Ajibola Ponnle (Establishment, Training and Pension), Engr. Aramide Adeyoye (Works and Infrastructure), Mr Segun Dawodu (Youth and Social Development), Mrs Uzamat Akinbile-Yusuf (Home Affairs), Mrs Yetunde Arobieke (Local Government and Community Affairs), Mrs Lola Akande (Commerce and Industry), Mrs Olufunke Adebolu (Tourism Arts and Culture), and Mr Sam Egube (Economy Planning and Budget).

The Special Advisers are Dr Wale Ahmed (Special Duties and Inter-Governmental Relations), Ms Ruth Bisola Olusanya (Agriculture), Princess Aderemi Adebowale (Civic Engagement), Mr Afolabi Ayantayo (Political and Legislative Affairs), Mrs Toke Benson-Awoyinka (Housing), and Mr Joe Igbokwe (Drainage and Water Resources).

Others Advisers are Olatunbosun Alake (Innovation and Technology), Arc. Kabiru Ahmed Abdullahi (Urban Development), Anofi Elegushi (Central Business Districts), Bonu Solomon Saanu (Arts and Culture), Oluwatoyin Fayinka (Transportation), Oladele Ajayi (Commerce and Industry), Tokunbo Wahab (Education), and Solape Hammond (Sustainable Development Goals).

Also present at the event were the Deputy Governor, Mr Obafemi Hamzat; First Lady, Mrs Ibijoke Sanwo-Olu; Chief of Staff to the Governor, Mr Tayo Ayinde; his deputy, Mr Gboyega Soyannwo; and Head of Service, Mr Hakeem Muri-Okunola.

At exactly 12:18pm, Mrs Yemisi Ogunlola of the Ministry of Justice administered the oath on the appointees, signalling the official take-off of their tenure.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Petrol Prices in Nigeria Rise 22.55% in March 2026 on Hormuz Closure

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By Adedapo Adesanya

The National Bureau of Statistics (NBS) has said that the average retail price of a litre of Premium Motor Spirit (PMS), otherwise known as petrol, rose by 22.55 per cent or N237.07 per litre to N1,288.54 in March 2026 from N1,051.47 in February.

In the Premium Motor Spirit (Petrol) Price Watch for March released on Tuesday, the NBS said on a year-on-year basis, the average retail price of fuel also increased by 2.13 per cent from N1,261.65 recorded in March 2025.

This surge in fuel prices could be linked to global disruptions brought on by the US-Israel war on Iran, which triggered the closure of the Strait of Hormuz and sent prices of crude oil above $100 per barrel.

While the country was not heavily hit by the impact, it felt the ripple effect of crude prices increasing, particularly as Dangote Refinery imported crude from other markets to cover for local feedstock shortfalls.

The data noted that by state, Anambra recorded the highest average retail price of N1,441.22 per litre, followed by Sokoto at N1,377.55 and Borno at N1,375.16.

However, the price was cheapest in Lagos at N1,162.71, followed by Ogun at N1,169.78 and Kaduna state at N1,193.40.

By zone, it was most expensive in the North East at N1,336.50 last month, while the South-West recorded the lowest at N1,232.46.

A look at the Diesel Price Watch Report for March showed that the average retail price paid by users rose by 16.05 per cent on a month-on-month basis to N1,648.08 per litre from N1,420.17 per litre a month earlier.

“On state profiles analysis, the highest average price of diesel in March was recorded in Ebonyi at N2,262.29 per litre, followed by Akwa Ibom at N1,895.72 and Osun at N1,872.15.

“On the other hand, the lowest price was recorded in Kogi at N1,383.40 per litre, followed by Katsina State at N1,438.25 and Enugu at N1,480.06,” parts of the report said.

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Datti Baba-Ahmed Dumps Labour Party, Joins PRP

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By Modupe Gbadeyanka

The vice-presidential candidate of the Labour Party (LP) in the 2023 general elections, Mr Datti Baba-Ahmed, has left the party to join the Peoples Redemption Party (PRP).

Speaking on Channels Television’s Politics Today, the politician said he’s no longer interested in the way the Labour Party was being run.

He disclosed that there is no more peace in the political party he flew its flag in the last general elections because of greed.

He accused the ruling All Progressives Congress (APC) of destabilising opposition political parties to ensure President Bola Tinubu does not have a credible opponent in the 2027 presidential poll.

“What the Labour Party stood for is not the same now. We have a government of today which is interested in destroying other political parties,” he said.

“I am leaving the Labour Party tomorrow (today) by 12 midnight,” Mr Baba-Ahmed said when asked about his plans for next year.

I am leaving the Labour Party [at] midnight, and I am joining PRP. PRP is the new destination. PRP is the one with a history. It’s about 75 years old,” he further stated.

He further said, “When there was real peace in the Labour Party, someone was redeployed to the Labour Party and because of the antecedents of the person, [I don’t see things getting better].

PRP, a progressive Nigerian political party, was established in 1978 by Mallam Aminu Kano. It is rooted in social democratic principles and populist ideology, often focusing on the empowerment of the talakawa (common people).

Its current National Chairman, according to data obtained from the website of the Independent National Electoral Commission (INEC), is Mr Falalu Bello, while the National Secretary is Mr Babatunde F. Alli.

PRP Data INEC

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We Prioritised Personal Pension Plan, Others for Robust Pension System— PenCom

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By Modupe Gbadeyanka

The Director General of the National Pension Commission (PenCom), Ms Omolola Oloworaran, has highlighted strategies deployed by her organisation to ensure pension coverage is deepened in Nigeria.

Speaking at the ISSA Technical Seminar in Abuja recently, she said the steps taken were to build a more inclusive, transparent, and responsive pension system, where communication serves not just as information, but as a bridge to trust, accessibility, and sustained industry growth.

According to her, the Contributory Pension Scheme (CPS) has, over more than two decades, built a strong institutional foundation, but true inclusion goes beyond coverage to require trust and clear communication.

For this reason, PenCom has prioritised the Personal Pension Plan, strengthened stakeholder engagement, and invested in digital channels that reach contributors in accessible and relatable ways, she stated.

Ms Oloworaran further stressed that, “Effective communication is not a soft complement to regulation; it is a core instrument of coverage expansion, compliance, and public confidence.

“Every circular we issue, every benefit we pay, and every reform we introduce ultimately succeeds or fails on whether our members can understand it and act on it.”

The ISSA Technical Seminar, themed Improving Inclusivity and Accessibility of Social Security Services Through Effective Communication, was organised in collaboration with the International Social Security Association (ISSA).

It brought together key stakeholders across West Africa to advance dialogue on strengthening social security systems through clearer, more inclusive engagement.

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