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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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MTN’s CEO Ralph Mupita Joins Global Commission Shaping AI for Good

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By Adedapo Adesanya

The chief executive of MTN Group, Mr Ralph Mupita, has been named as a commissioner on the AI for Good Global Commission, an initiative of the United Nations’ International Telecommunication Union that looks to expand digital access and accelerate the economic impact of responsible AI.

The MTN CEO was named alongside several leaders from government and business as a commissioner of the AI for Good Global Commission.

“It’s an honour to be one of the founding commissioners of the AI for Good Global Commission,” said Mr Mupita.

“At MTN Group, we believe that the developments in AI have the potential to advance health, education, food security and industrial productivity,” he added, noting that AI must be safe, ethical and globally inclusive, and that these perspectives align fully with the work of this global commission.

The commission is made up of over 40 founding members, including leaders from government, business and international organisations.

Other commissioners include Nvidia CEO, Mr Jensen Huang, Microsoft President, Mr Brad Smith and Mr Andy Jassy, their counterpart at Amazon.

The organisation builds on the Broadband Commission for Sustainable Development, which helped shape global priorities for extending digital inclusion and economic development.

The first meeting of the commission, which is co-chaired by Rwandan President Paul Kagame and Salesforce CEO Marc Benioff, will take place in Geneva, Switzerland.

MTN said that strategic priorities are to ‘leverage AI for growth’, targeting R30 billion in value-creation opportunities in the next three to five years.

Mr Mupita joined the board of Dangote Fertiliser in January as the firm prepares to expand and list on the Nigerian Exchange (NGX) Limited.

The South African also spearheaded the listing of MTN Nigeria on the Nigerian bourse in 2019, making it the second most valued company on the Nigerian stock market after BUA Foods Limited.

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Nigeria Customs Targets N11.07tn Revenue for 2026

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By Adedapo Adesanya

The Nigeria Customs Service (NCS) has proposed a revenue target of N11.07 trillion for the 2026 fiscal year, saying it will rely on deeper automation, intelligence-driven enforcement and enhanced trade facilitation to meet the ambitious goal.

The Comptroller-General of Customs, Mr Adewale Adeniyi, disclosed this on Monday while presenting the agency’s 2026 budget proposal before the House of Representatives Committee on Customs and Excise.

According to him, the projected revenue comprises N5.54 trillion from federation accounts, N1.49 trillion from non-federation accounts, N2.27 trillion from import Value Added Tax (VAT), and N1.26 trillion from the four per cent Free-on-Board (FOB) Cost of Collection.

Mr Adeniyi said the agency would deepen automation through the Unified Customs Information System, popularly known as B’Odogwu, strengthen post-clearance audits, expand intelligence-led enforcement and improve trade facilitation to achieve the target.

“The Unified Customs Management System is now up and running very well. We believe it provides the platform for robust revenue collection,” he said.

He added that reforms implemented in collaboration with the International Monetary Fund (IMF) and the World Customs Organisation (WCO) had significantly strengthened post-clearance audit operations.

“Through that, we are able to carry out real-time system audits and continue to recover revenue on a daily basis,” he said.

The customs boss also said the Authorised Economic Operator Programme and the Advance Ruling Programme were now fully operational and expected to improve compliance while facilitating legitimate trade.

Mr Adeniyi, however, acknowledged that recently approved tariff reductions on imported vehicles could moderate revenue growth, even though new excise measures expected under the 2026 fiscal policy may boost collections.

He confirmed that import duty on used vehicles had been reduced from 15 per cent to five per cent, while duty on brand-new vehicles was cut from 20 per cent to 10 per cent.

Responding to lawmakers’ concerns over the likely impact of the policy, Adeniyi said it was too early to assess its effectiveness because implementation only began on May 1, 2026.

“This is a new policy. It takes an average of about 90 days before we begin to see its full effects,” he said.

He stressed that while the Nigeria Customs Service provides technical advice on trade trends and revenue implications, fiscal policy decisions remain the responsibility of the Federal Ministry of Finance.

On expenditure, the Service proposed N421.70 billion for personnel costs, N307.77 billion for overheads and N565.93 billion for capital projects in the 2026 budget.

Mr Adeniyi said the Customs currently has 15,969 personnel, with 3,927 new recruits expected to join before the end of the year. He noted that capital spending would prioritise completion of ongoing projects, acquisition of operational equipment, expansion of ICT infrastructure and execution of existing contractual obligations.

The Customs chief also defended the agency’s 2025 performance, disclosing that it generated N7.28 trillion between January and December 2025, exceeding its annual revenue target of N6.58 trillion by 10.24 per cent, despite government-approved tax waivers and fiscal incentives.

He noted that about N34.54 trillion worth of imports benefited from duty exemptions and waivers during the year, reducing potential revenue collections.

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Fubara Lauds Army’s Anti-Oil Theft Operations

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By Adedapo Adesanya

The Governor of Rivers State, Mr Siminalayi Fubara, has commended the Nigerian Army for intensifying its fight against pipeline vandalism and illegal oil bunkering, saying the security operations are yielding positive results by boosting crude oil production and improving national revenue.

Mr Fubara made the remarks while receiving the Chief of Army Staff, Lieutenant General Waidi Shaibu, who paid him a courtesy visit at the Government House, Port Harcourt, ahead of the 163rd Nigerian Army Day Celebration scheduled to hold in Rivers State.

The Army Chief was accompanied by the General Officer Commanding 6 Division, Major General Emmanuel Emekah, and other senior military officers.

Speaking during the visit, Mr Fubara said the military’s sustained operations against oil theft and pipeline sabotage have significantly reduced disruptions to oil production.

“In the face of everything, I can conveniently say that there are a lot of positive things that our state has recorded in terms of security,” the governor said.

He noted that the Army’s efforts in curbing pipeline vandalism and illegal bunkering had translated into increased crude oil production and higher revenue for the country.

According to him, the operations of the 6 Division Nigerian Army have also strengthened the security of lives and property across Rivers State.

Governor Fubara congratulated Mr Shaibu on his appointment as Chief of Army Staff and expressed confidence that his tenure would deliver even greater improvements in national security.

“I’m commending you because within the short period that you’ve been appointed, I can conveniently say that there are a lot of positive things that our state has recorded in terms of security. I wish that your tenure will record a lot more positive improvements for the Nigerian Army,” he said.

The governor also welcomed the decision to host this year’s Nigerian Army Day celebration in Rivers State, describing it as a vote of confidence in the state’s security situation.

“We are really happy that, in the face of everything, you chose Rivers State for this very wonderful celebration. This is significant for us. It speaks to two things: that Rivers State is peaceful and Rivers State is worth securing.”

Mr Fubara pledged continued support for the Nigerian Army, assuring the military of the state’s cooperation in ensuring the success of its operations.

“You’re doing this work and every one of us is enjoying the positive effects. We owe you our support. We are not going to rest on our oars in ensuring that we do whatever we need to do to make you succeed,” he added.

Earlier, the Chief of Army Staff said he was in Rivers State to participate in activities marking the 163rd Anniversary of the Nigerian Army and thanked the state government for its support.

“I want to specifically thank you for the support you have rendered us, especially the infrastructure, the stadium that you have put at our disposal for hosting the event and other things that you have done at the Divisional Headquarters as part of your own contributions to ensure the success of the celebration,” Mr Shaibu said.

The Army Chief explained that the anniversary would feature a week-long programme of activities, including civil-military engagements aimed at strengthening relationships between the Army and host communities.

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