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Ikorodu Roads Deadlier than Badoo Cultists—Security Expert

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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.

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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Five Transmission Towers Collapse Along Ikot Abasi–Eket 132kV Line

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Ikot Abasi–Eket 132kV Double Circuit Transmission Line

By Modupe Gbadeyanka

The Transmission Company of Nigeria (TCN) has confirmed the collapse of five transmission towers along the Ikot Abasi–Eket 132kV Double Circuit Transmission Line.

This was attributed to severe acts of vandalism, as TCN disclosed that the structure collapsed after vandals removed critical structural bracing members.

The affected towers were N9, J4, N10, N11 and N12, the organisation said in a statement on Friday.

It explained that the extensive damage was discovered during a routine joint line patrol conducted on August 9, 2026, by TCN linesmen.

Further inspection revealed that structural members from seven additional towers along the same transmission corridor had also been removed and stolen. The towers, J3, N8, N13, N14, N15, N18 and N19, are now structurally compromised and pose a risk of further collapse.

TCN condemned this act of sabotage and reiterated its commitment to working hard to maintain a robust and reliable national grid.

The statement said that to mitigate the impact on electricity supply, the network has been reconfigured to prioritise supply to Ekim transmission station, leaving Ibom Power as the only station without supply.

TCN said it is mobilising an urgent intervention to complete the reconstruction of the affected sections of the line, with security agencies also notified to aid investigations and prevent further acts of vandalism along the line route.

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Abbas Warns Against Delay in Implementing New Ports Regulatory Act

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By Adedapo Adesanya

The Speaker of the House of Representatives, Mr Tajudeen Abbas, has urged all relevant government agencies to promptly initiate actions for the full implementation of the Nigerian Ports Economic Regulatory Agency Act, 2026, following its signing into law by President Bola Tinubu.

The bill, sponsored by Speaker Abbas, was aimed at repealing the Nigerian Shippers’ Council Act, Cap. N133, Laws of the Federation of Nigeria, 2004, and establish the Nigerian Ports Economic Regulatory Agency to ensure effective economic regulation of Nigerian ports while safeguarding the interests of shippers, service providers, and users of regulated port services. With the President’s assent, it has now been enacted as an Act of Parliament.

The legislation represents one of the landmark achievements of the 10th National Assembly. It reflects the Speaker’s commitment to legislative excellence, institutional reform, and sustainable economic growth, according to a press statement by the Special Adviser on Media and Publicity to the Speaker, Mr Musa Krishi.

The bill underwent a rigorous and inclusive legislative process, including extensive stakeholder consultations and a public hearing. It was passed by both Chambers of the National Assembly and subsequently assented to by the President.

The Act provides a robust legal and institutional framework to ensure effective economic regulation of Nigerian ports by fostering transparency, competitiveness, and efficiency in port operations; protecting the rights and interests of shippers, service providers, and other port users; and aligning Nigeria’s port regulatory system with global best practices, thereby enhancing the ease and cost-effectiveness of doing business.

Despite receiving presidential assent, the Act has yet to be fully operationalised.

He warned that any further delay would undermine the legislative intent of the reform, prolong the exposure of port users to arbitrary charges and operational inefficiencies, and deny the nation the anticipated benefits of increased revenue, improved trade facilitation, and stronger investor confidence in the marine and blue economy sector.

The Speaker urged the Federal Ministry of Marine and Blue Economy, in collaboration with all relevant Ministries, Departments and Agencies (MDAs) of the federal government, to take the necessary administrative, institutional, and financial measures for the prompt implementation of the Act.

He said this should include the formal transition to, as well as operational empowerment of, the Nigerian Ports Economic Regulatory Agency to discharge its statutory mandate effectively.

The full implementation of the Act is critical to unlocking the economic potential of Nigeria’s ports, reducing the cost of doing business, strengthening trade competitiveness, and positioning Nigeria as the leading maritime and logistics hub in West and Central Africa.

The statement noted that the Speaker reaffirmed the 10th House’s commitment to exercising the necessary legislative oversight to ensure this landmark legislation, along with others assented to by the President, is fully implemented and achieves its intended goals for the benefit of the Nigerian people.

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FG, NiYA, Cascador Partner to Turn Youth Ideas into Investable Businesses

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By Adedapo Adesanya

The Federal Ministry of Youth Development (FMYD), through the Nigerian Youth Academy (NiYA), has partnered with Cascador, a Nigeria-focused platform for growth-stage founders, to provide funding and support for the next generation of Nigerian youth entrepreneurs.

The announcement coincides with International Youth Day 2026, whose global theme this year — Different Contexts, Common Aspirations — calls on institutions to close the gap between young people’s circumstances and their opportunities. The pilot is an early step toward NiYA’s broader ambition to train and empower 7 million Nigerian youth within two years.

The NiYA and Cascador Founders Programme will begin with a pilot cohort of 20 early-stage Nigerian youth founders, including entrepreneurs without formal business registration or established financial records.

Over four weeks, participants will undergo intensive training focused on business fundamentals, investment readiness and pitch preparation. At the end of the programme, the eight top-performing founders will receive non-dilutive funding of up to N5 million each from Cascador, alongside an Enterprise Resource Planning (ERP) solution to help them structure, manage and scale their businesses.

The funding and support will be presented at a Pitch Day organised by NiYA and the Federal Ministry of Youth Development.

The Minister for Youth Development, Mr s Ayodele Olawande, said the partnership would enable NiYA to move beyond training by helping young people transform ideas into investable businesses and achieve sustainable economic participation through business preparation and access to capital.

“The pilot is deliberately designed to test a model that can go beyond one cohort. If young founders can be identified early, prepared properly, connected to credible capital and supported to build stronger business systems, then access to opportunity becomes less dependent on background or existing networks. That is the larger objective: to build a youth entrepreneurship ecosystem in which readiness, ideas and execution can increasingly determine who gets the opportunity to grow.”

The pilot will run in-person in Abuja with virtual touchpoints and 1:1 mentorship. All 20 graduates retain NiYA alumni status, with priority consideration for future opportunities.

NiYA and FMYD have already shown what real commitment to Nigeria’s youth looks like — the platforms, the reach, the ambition to train millions. What we’re building together now is the missing piece, a practical bridge from the ideation stage to real capital-readiness. When a Ministry so dedicated to its young people asked Cascador to help build that bridge, it was an easy decision,” said Trish Thomas, CEO of Cascador.

Ms Oyin Solebo, COO of Cascador and former Managing Director of the ARM Labs Lagos Techstars Accelerator, highlighted the partnership’s impact, saying, “This is what innovative capital deployment looks like: a government building real investment readiness at scale, and a partner meeting that foundational work with non-dilutive funding at exactly the moment it’s needed. Partnerships like this open doors that neither of us could open alone.”

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