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Ekiti State A Toddler @ 25? Nope. Objection My Lord!

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Ekiti State map

By John Ajayi

Recently, Ekiti State celebrated 25 years of its creation by the then military junta of late General Sani Abacha. Coincidentally, the celebration which continues to generate excitement and euphoria amongst the citizens of the state appears to be a foretaste of the huge celebration in the work for the third year anniversary of the administration of Dr John Olukayode Fayemi.

As usual, this epochal event has drawn unwarranted flaks from some critical elements and stakeholders in the state. Indeed these criticisms are not unexpected, especially in a democratic society and more importantly, given the different political leanings and ideological configuration of these personalities and stakeholders.

Aside from the fact that the constitution of the Federal Republic of Nigeria guarantees everyone the right and freedom of speech, it is an indisputable fact of life that there will always be divergent views amongst the citizens of the state notwithstanding its homogenous nature.

Not only that, the state which boasts of the highest population of highly educated people with a historic record of renowned PhD holders and seasoned lawyers, professionals and accomplished technocrats, the issue of governance and leadership contestation cannot but become a matter for critical review and evaluation. This is also coming against the backdrop of the fact that Ekiti indigenes are generally perceived to be fastidious in nature. Here, no negativism is intended about the good-natured people of Ekiti State to which yours truly belongs in flesh and in blood!

Nonetheless rolling out the drums and popping champagne in celebration of 25 years of the creation of the state by the current Executive Governor, Dr John Olukayode Fayemi administration cannot be said to be a mere jamboree nor a misplaced priority. Ordinarily, age 25 has come to be recognised universally as a landmark epoch in the life of individuals, institutions, organisations, states or nations. Generally regarded as Silver Jubilee or quadricentennial anniversary, the 25th anniversary of any living being, be it state or human is unarguably a watershed.

However, in evaluating and assessing the state of growth and development of Ekiti State in this near three decades of existence, it will be grossly unfair to assume or outrightly write off the state as a failure. While the state may not have fully lived up to the expectations of its founding fathers, it does not necessarily presuppose that the state has not achieved anything since its creation.

Particularly disappointing, if not completely unfair, on the part of successive administrations of the state is the castigation of the state as a ‘Toddler at 25. Reviewing the state of affairs of Ekiti State in the last 25 years, elder statesman and founder of Afe Babalola University (ABUAD) Ado Ekiti, Aare Afe Babalola had said that Ekiti State had nothing to celebrate. The highly revered lawyer and one of the founding fathers of Ekiti had in a widely published press statement titled ‘Ekiti State A toddler @ 25’ castigated the State as landlocked, airport locked, industry locked, and power locked, adding that all these developments adversely affect economic development in the state.

While the elder statesman reserves the right to express his views and frustrations about the state he contributed to mid-wife, the objective reality on the ground as far as developments are concerned, be it political, economic social or whatever does not in any way warrant or justify these assertions and lamentations. This is particularly so because successive administrations in the state have all contributed their own quotas to the growth and development of the state.

Since its creation, October 1, 1996, the state has been administered by both military and civilian administrators each with its own unique style and approach to governance. Like an organic being, Ekiti State is clearly still a work in progress. For a fact, the founding fathers of the state may have had a utopian perception of the developments to expect within a particular time frame, the actual reality about governance may not and cannot be said to be the same with the imaginations and expectations of the founding fathers.

This is not to say that there are no shortcomings on past and present political leaders and administrators of the state. Indeed, this cannot be said to be an unusual development as it is a phenomenon in underdeveloped, developing and developed nations. For those who may not know, the present administration of Governor Kayode Fayemi has done significantly well in positioning the state well above its peers when it comes to development in all aspects and ramifications. Feelers emanating from the state revealed that the JKF administrations which will soon kick-start activities marking the third year of his second term tenure were not planning any jamboree other than projects commissioning and new projects unveiling.

Like all humans, Dr Kayode Fayemi may have his shortcomings, it is indisputable that he remains a blessing and a gift to the state not only as the current Chief Executive Officer of the State but also a very good ambassador of Ekiti State as a major political actor on both national and global political space. His tenure so far as Chairman of the Nigerian Governors Forum (NGF) bears eloquent testimony to his intellectual sagacity and political wizardry. For JKF, the former United States Supreme Court Justice Oliver Wendell Holmes appeared right and justifiable in his famous and immortal quote when he said: “there are people who make things happen, and there are people who watch what’s happening and there are people who have not the slightest idea what’s happening”.

So far, an objective review of past administrations in Ekiti will readily confirm the fact that Dr John Olukayode Fayemi is a leader who makes things happen and indeed has great ideas of what is happening and must happen. Since he took the mantle of leadership in the State, he has made strategic thinking the cornerstone of governance and policy direction. As a consummate politician with a progressive hue, JKF’s approach to governance has been anchored on the greater good for the greater number of his people.

The views of statesmen like Chief Deji Fasuan, former Governor Segun Oni, Senator Opeyemi Bamidele, Biodun Oyebanji, and others, were in sync with the position earlier canvassed by Governor Fayemi that Ekiti has not failed in any way in the pursuit of its development agenda.

If truth be told, in the last three years, Fayemi’s government has attracted over $100 million in investments to the state. Under this present economy, this is no mean feat and couldn’t have been regarded as a failure by any standard.

It can be appreciated that only the apolitical, who periscopes issues with unbiased spectacle could recognise and flaunt this enigmatic scorecard.

One fact must be reflected here; in 1996, Ado Ekiti city as called then, was like a glorified village without the modern touch. Today, all the major dualization of the road in Ado Ekiti done cumulatively by the administrations of Governors Fayemi, Segun Oni and Ayodele Fayose like   Basiri-Ijigbo-Ajilosun, Ijigbo-Ilawe road, Post Office-Irona and Ado-Ifaki, couldn’t have been undertaken, if the state had not been created.  Akure, the Ondo State capital, could have been taken as the development fulcrum, where things would be anchored and concentrated.

The new Governor’s Offices at Oke Bareke, the Secretariat at the new Iyin Road, Trade Fair Complex, Ekiti Parapo Pavilion and other government structures in Ado Ekiti metropolis, are clear evidence of modernity and gradual face-lifting of the town.

Let me also state that before 1996, Ekiti had no functional state-owned industry. The ROMACO granite company at Igbemo, Ikun Dairy farm at Ikun, Ire Burnt Brick at Ire Ekiti and Orin Farm settlement at Orin Ekiti, were all moribund. But with shrewd and dexterous management by Fayemi, the derelict companies are bouncing back to reckoning.

For Ikun Dairy farm to be revamped, the government, in partnership with Promasidor Nigeria Limited, spent a sum of $5 million to import cows and purchased other machines. At an optimal production level, the company will produce 10,000 litres of milk daily. This will go a long way in generating employments and fortify the State’s revenue profile.

Deploying his nexus with the international community, Governor Fayemi had partnered with private companies to manage the ROMACO and Ikun Dairy Farm for effective management and they are gradually being revamped.

One of the catalysts of good governance is a functional and robust local government structure. When the third tier of government is closer, it makes development spiral and gains traction.

Before 1996, Ekiti had six local governments of Ero, Ekiti East, Ekiti South, Ekiti North, Ekiti Central and Ijero. But the tally had increased to 16 statutorily recognised councils, with 19 Local Council Development Authorities established to midwife and propel development pedal at the grassroots.

In 2011, the government of President Goodluck Jonathan established 12 new Universities across the nation, with Ekiti being a beneficiary by the approval given for the establishment of the Federal University, Oye Ekiti in the state. The concept behind this was to ensure balancing so that each state could have a federal University.

It is an unassailable fact that Ekiti couldn’t have benefited from this lofty gesture if it is still subsumed under Ondo, this was because the Federal University, Akure had been in existence for decades. In a few months’ time, work would also begin on the approved Federal Medical University in Iyin Ekiti after receiving presidential assent.

As parlous and feeble as Ekiti seems to be in the area of economy, the state gets an average of N3.5 billion from the federation account monthly. These monies are expended on education, health, agriculture, human capital development and other pivotal sectors. Would it have been possible for Ondo to earmark a staggering sum of N3.5 billion on projects in Ekiti axis monthly if Ekiti still retains the six local governments which we had then? This also signifies another area of benefit that should be taken into cognisance.

This came to the fore because of the fact that Ekiti gave Governor Fayemi the veritable gubernatorial platform to prove his mettle and worth. Let the sceptics rummage the history books; no Ekiti man had ever been touted for such a coveted seat.

Added to that was the fact that Governor Fayemi is the Chairman, Nigeria’s Governors Forum, superintending over the affairs of the 36 Governors across party lines and divides. These are records that lend credence to the fact that Ekiti has gained reckoning not only as of the most educated but also as a politically sophisticated and conscious set of people.

John Ajayi is a public affairs commentator and a Lagos based journalist

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From Struggle to Stability: How FinTech is Helping Nigerian SMEs Overcome Cash Flow Challenges

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From Struggle to Stability

When Mrs Agbaje started her school in Ibadan twelve years ago, she didn’t envision a tech-enabled future. Her dream was simple—provide affordable, quality education to children in her community. For the most part, she made it work. But as the school grew, a new challenge took root. It wasn’t infrastructure. It wasn’t teacher retention. It was something far more basic: getting paid.

Each new term brings the same pattern. Parents promise to pay fees “by next week.” Some follow through. Many don’t. As the term wears on, Mrs Agbaje finds herself juggling spreadsheets, reminder texts, and awkward conversations in car parks or at school gates. Meanwhile, salaries must be paid, books restocked, diesel bought. More often than not, she dips into personal savings to keep things running.

Her story is common across Nigeria. Small businesses—whether they’re schools, salons, logistics firms, or cooperative groups—are constantly navigating the emotional and financial toll of delayed payments. And it’s not just a matter of inconvenience. A recent study by MacTay Consulting found that Nigerian SMEs wait between 60 to 120 days on average to receive payment for services or products already delivered. That kind of delay is more than a hiccup. It threatens livelihoods. It blocks growth. It’s a silent killer.

For Chuks, who runs a car hire service in Enugu, the issue is tied to his bigger corporate clients. They insist on “net 30” or “net 60” terms—industry-speak for “we’ll pay you in a month or two.” That might be manageable for a large fleet with strong cash reserves, but for someone like Chuks, every week matters. With fuel prices rising and maintenance bills stacking up, he’s often forced to park cars because he doesn’t have the cash to fix them—even when work is lined up.

What links these stories is the reality that small businesses operate in a system where money is constantly in motion but rarely on time. Customers often mean well, but their own financial instability creates a domino effect. And the existing tools to manage payments—handwritten ledgers, POS machines, WhatsApp reminders—were never designed for structure. They’re patched solutions to a systemic problem.

Even digital banking, for all its advancement in Nigeria, hasn’t solved this issue. Many SMEs still operate informally, managing finances through personal bank accounts or apps not tailored to business needs. The result is a messy web of follow-ups, reconciliations, and emotional strain. Business owners become debt collectors, chasing down what they’ve already earned, time and time again.

What’s often missed in conversations about entrepreneurship is just how deeply this problem cuts. Payment delays mean rent can’t be paid on time. It means holding off on hiring a new staff member, or letting go of a part-time assistant. It means saying no to growth opportunities, not because they’re not viable, but because the cash flow isn’t predictable enough to take the risk.

And when you zoom out, the implications are national. Small businesses make up over 90% of enterprises in Nigeria. They contribute nearly half of the country’s GDP and employ a significant portion of the workforce. Yet, their greatest enemy isn’t market competition—it’s irregular income. This is a structural inefficiency that deserves far more attention than it gets.

Slowly, however, change is beginning to show. A quiet revolution is underway—one where technology is stepping in not as a trend, but as a tool for financial stability. More SMEs are beginning to explore digital solutions that streamline payments and reduce friction between businesses and customers.

Among these solutions is PaywithAccount, a new tool launched by Nigerian fintech company OnePipe. Designed specifically for businesses with recurring payments—schools, cooperatives, service providers—it allows them to automate collections directly from customers’ bank accounts. With full consent and transparency, payments can be scheduled, reducing the need for repeated follow-ups or awkward reminders.

For Mrs Agbaje, this has made a significant difference. Parents receive structured payment plans, reminders go out automatically, and debits happen based on prior agreement. She now spends less time tracking who has paid and more time planning curriculum upgrades and engaging with teachers.

The benefit isn’t just financial—it’s emotional. When business owners don’t have to chase payments, they gain time, clarity, and confidence. They can plan ahead, restock inventory, or finally invest in that expansion they’ve put off for years. And for customers, the experience feels more professional, more trustworthy. Everyone wins.

Technology won’t solve every problem for Nigerian SMEs. But smart, well-designed financial tools are starting to remove some of the biggest roadblocks—quietly and effectively. And that’s the point. The best systems aren’t flashy. They work in the background, reducing stress, restoring dignity, and enabling business owners to focus on what truly matters.

For Ope Adeoye, founder of OnePipe, the issue is personal. “Every Nigerian knows someone who runs a business—a cousin, a friend, a neighbour. When they suffer from late payments, it affects whole families and communities. Fixing this isn’t just a business goal—it’s a social one.”

In a country as dynamic and entrepreneurial as Nigeria, the challenge is rarely about lack of ideas. It’s about systems that help those ideas survive. And one of the most overlooked systems is the way money flows—or fails to.

As more SMEs embrace tools that put payment on autopilot, a future of stability—rather than constant survival—starts to feel possible. And in a nation powered by small businesses, that kind of shift could move mountains.

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How AI is Revolutionizing Sales and Business Development for Future Growth

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Olubunmi aina

By Olubunmi Aina

Many experts have highlighted the growing impact of Artificial Intelligence (AI) across the financial industry, and I would like to share my perspective on a key functional area that typically drives business growth and profitability— sales and business development professionals and how AI is impacting their work.

Sales and business development professionals are often regarded as the engine room of an organization, thanks to their eye for business opportunities, ideation and conceptualization, market engagement and penetration expertise.

AI is enabling sales and business development professionals to automate tasks, take meeting notes, analyze data, and personalize customer experiences, all of which are embedded within CRM (Customer Relationship Management) systems. A CRM with an AI tool is what forward-thinking businesses are leveraging to manage leads, customer data, customer interactions, notify and remind professionals to take action when due, drive growth and profitability.

This is why it is crucial for these professionals to invest heavily in AI knowledge to remain globally competitive. This can be achieved through self-study, attending industry events, or consulting with leading technology companies that have embraced AI, such as Interswitch Group, AI In Nigeria, and Revwit.

Most importantly, to maximize the potential of AI, sales and business development professionals must pay close attention to customer interactions. and ensure they collect high-quality data. Feeding the data repository or CRM Systems with valuable insights and data from real customer engagement is key to getting AI to produce near accurate insight for effective results.

AI will continue to be a key driver of business growth and decision-making in the years ahead. If you are yet to embrace it, now is the time. Keep learning!

Olubunmi Aina is the Vice President, Sales and Account Management at  Interswitch Group

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Mother’s Day: Bridging Dreams and Burdens With Global Marketplace Success

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Motherhood in Nigeria is a dynamic force fueled by strength, resilience, and unwavering love. As Mother’s Day approaches, we celebrate the women who carry the weight of their families and communities, often while nurturing their dreams. From bustling market traders to ambitious entrepreneurs, Nigerian mothers are a force to be reckoned with.

However, the reality is that balancing these roles can be incredibly challenging. The daily hustle, coupled with the rising cost of living, often leaves little time or resources for personal aspirations. This is where the digital marketplace and platforms like Temu are beginning to play a significant role, not just in Nigeria but globally.

For Stephanie, a Nigerian hair and beauty influencer navigating the demands of work and motherhood, the ease of online shopping became invaluable. She discovered that purchasing baby necessities, like baby high chairs from Temu, from the comfort of her home significantly simplified her life, granting her more time to dedicate to her family and professional pursuits.

Beyond convenience, digital platforms are also fueling entrepreneurial success for women. Caterina Tarantola, a mother of three, achieved the remarkable feat of opening her translation and interpretation office in just 15 days. Her secret weapon was also Temu. Initially skeptical of online shopping, she found it to be a personal advisor, providing everything from office furniture to decor, delivered swiftly and affordably. This kind of direct access is precisely what can empower many Nigerian mothers who strive to maximise their resources and time.

Similarly, Lourdes Betancourt, who left Venezuela to start a new life in Berlin, turned to Temu when launching her hair salon. By sourcing essential supplies directly from manufacturers, she avoided costly markups and secured the tools she needed to turn her vision into reality.

Since Temu entered the Nigerian market last November, more Nigerian mothers have embraced the platform to access quality, affordable products. By shopping online instead of spending hours at physical markets, they can reclaim valuable time for their businesses, families, and personal growth.

This shift reflects a global trend as consumers worldwide seek convenience and affordability. In response, Temu has rapidly grown into one of the most visited e-commerce sites and was recognized as a top Apple-recommended app of 2024.

                                 

The digital marketplace, while still developing in a place like Nigeria, presents a significant opportunity for empowerment. The progress made thus far highlights the tremendous potential for positive impact.

This Mother’s Day, we celebrate Nigerian mothers’ strength and adaptability. Like Stephanie, Caterina, and Lourdes, they are turning challenges into opportunities—building brighter futures for themselves and their families with the support of innovative online platforms like Temu.

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