Connect with us

General

Lagos Assembly Deliberates On Sports Trust Fund

Published

on

lagos assembly

By Dipo Olowookere

Lagos State House of Assembly Committee on Youths, Sports and Social Development at the weekend held a stakeholders’ forum on a bill for a law that will provide for the establishment of the Lagos State Sports Trust fund and for connected purposes.

Also at the event, stakeholders brainstormed on ‘A bill for a law to provide for the establishment of the Lagos State Sports Commission and for connected purposes’.

These two bills, which have gone through the first and second readings on the floor of the House, were perused and recommendations made by stakeholders at the Lateef Jakande Auditorium, Assembly Complex, Alausa, Ikeja.

Speaker of the House of Assembly, Mr Mudashiru Ajayi Obasa, represented by the Majority Leader of the House, Mr Sanai Agunbiade, said in his keynote address that the stakeholders meeting was in furtherance of the legislature’s constitutional responsibility and oversight function to garner strategic methods to drive popularity of the laws and as well involve the people in law making process.

While making an overview of the bills, Mr Agunbiade stated that the objectives of the bill on establishment of the Lagos State Sports Trust fund are to raise money through private and public contributions for the development of sporting activities and facilities in the State.

The Trust Fund, according to him would also be the depository of all monies received under the proposed law.

He further explained that the bill will provide for the composition of a five-member board who will be appointed by the Governor to manage the fund.

Functions of the second bill on the establishment of Lagos State Sports Commission included formulating and implementing Lagos State Sports policy, encouraging mass participation in all forms of sports and supporting sports organisations financially and logistically.

Chairman, House committee on Sports, Youth and Social development, Mr Adedamola Richard Kasunmu, representing Ikeja constituency 11, implored the stakeholders to put all hands on deck in order to realize the objectives of the bills when they become Laws. He also made it clear that Sporting activities will not be politically managed or favoured.

‘Our gathering here today is for the growth of our young talents that we must unite to revitalise Sports to an enjoyable and enviable height in Lagos State’ he said.

He assured the stakeholders that their views and opinions will be utilised in the process of giving the bills legislative approval.

Some of the Stakeholders present were: Mr Ogunsanye Adewunmi, Director- General Lagos State Sports Council; Mr Tunde Bank-Anthony, member ETF Board of Trustee; Mr Deji Tinubu, SA to the Governor on Sports; Mr Babs Ogunade, Chairman Basketball Association; Dr Kweku Tandoh, former Chairman LSPC; Dr Akin George, Chairman Sports Medicine; Awoleye B.T, General manager, LASODA; and other Lagosians.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

General

Egbin Power Commissions 80 New Staff Housing Units

Published

on

Egbin Power 80 New Staff Housing Units

By Modupe Gbadeyanka

In further demonstration of its unwavering commitment to its workforce, Nigeria’s foremost power generation company, Egbin Power Plc, has unveiled 80 new residential housing units for employees within its plant premises in Egbin, Lagos State.

This comprises 40 fully furnished three-bedroom apartments and 40 furnished studio apartments, all designed to contemporary standards.

The units feature modern infrastructure and thoughtfully planned utilities, creating a safe, comfortable, and conducive living environment that supports both employee productivity and family well-being.

This strategic investment underscores the company’s philosophy that a well-supported workforce is fundamental to sustained operational excellence.

The new housing units are part of a holistic strategy to cultivate a stable, motivated, and future-ready workforce.

This strategy extends beyond infrastructure to encompass robust career development and recognition. Over the past three years, Egbin Power has promoted 112 employees across various cadres, reinforcing a culture that rewards merit, performance, and long-term dedication

“At Egbin Power, our people are our most valuable asset. Even amidst the prevailing liquidity and operational realities within the broader power sector, our focus on employee welfare has remained deliberate and consistent.

“This significant expansion of our residential estate is a tangible expression of that commitment.

“It is one of several key initiatives aimed at ensuring our employees feel genuinely supported, allowing them to thrive both personally and professionally,” the chief executive of Egbin Power, Mr Mokhtar Bounour, said.

Initiated in 2025 and completed in January 2026, this project is the latest milestone in Egbin Power’s structured and ongoing approach to enhancing employee welfare. It reflects the energy firm’s dedication to fostering a culture where every team member feels valued, secure, and motivated.

Continue Reading

General

NGX Group, CSCS, WIMBIZ to Ring Bell for Gender Equality

Published

on

Ring Bell for Gender Equality

By Aduragbemi Omiyale

On Tuesday, March 10, 2026, at the Nigerian Exchange Group House in Lagos, the role of capital markets in promoting gender equality will be reemphasised through the closing gong ceremony in commemoration of International Women’s Day 2026.

The ceremony is part of the global Ring the Bell for Gender Equality campaign, which mobilises stock exchanges worldwide to expand women’s participation in the economy and advance gender-inclusive practices.

In Nigeria, the NGX Group is partnering with the Central Securities Clearing System (CSCS) Plc and Women in Management, Business and Public Service (WIMBIZ) to make it memorable under the theme Rights. Justice. Action. For ALL Women and Girls.

Dignitaries expected at the ceremony include the Minister of State for Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu; the First Lady of Imo State, Mrs Chioma Uzodimma; the Executive Commissioner for Legal and Enforcement at the Securities and Exchange Commission (SEC), Ms Frana Chukwuogor; foremost actor, Ms Funke Akindele; a Director at the NGX Group, Ms Ojinnika Olaghere; and another staffer of NGX Group, Mrs Fatima Wali-Abdulrahman, alongside board members of NGX Group, regulators, capital market stakeholders, and industry leaders.

NGX Group is joining other exchanges worldwide in sounding the NGX Gong to underscore the importance of inclusive leadership, equal opportunities, and stronger market accountability in advancing gender equality.

Continue Reading

General

IWD: Dolapo Akanbi-Alade of Pathway Holdings Urges Stronger Inclusion of Women in Finance

Published

on

Dolapo Akanbi-Alade Pathway Holdings

By Adedapo Adesanya

The Executive Director/GCOO of Pathway Holdings Limited, Mrs Dolapo Akanbi-Alade, has called for increased inclusion of Nigerian women in finance as the world marks International Women’s Day 2026.

International Women’s Day 2026 is marked every March 8, and this year’s theme is Give To Gain.

In a statement shared with Business Post, Mrs Akanbi-Alade noted that while International Women’s Day highlights the need for gender equality, significant progress requires deliberate policies and systems that expand women’s access to finance and leadership opportunities.

She emphasised that many Nigerian women and women-led businesses still face limited access to finance, highlighting the urgent need for targeted inclusion initiatives.

“At Pathway Holdings, we empower women and give access to investment advisory, asset management, and lending solutions for institutions, high-net-worth individuals, and businesses. Ensuring that women and women-led enterprises can access these opportunities is critical to building a more inclusive financial system,” she added.

Mrs Akanbi-Alade said, “Women’s access to finance is not only a social responsibility but essential for national productivity and economic growth’’. She co-founded the following companies:

Pathway Asset Management Limited is registered and regulated by the Securities and Exchange Commission, Nigeria, as a Fund and Portfolio Manager. The product range includes Pathway Fixed Deposit Notes, Privately Managed Notes, Pathway Private Portfolio Management, Investment Advisory, and Mutual Funds, which will be launched soon.

Pathway Advisors Limited is registered and regulated by the Securities and Exchange Commission (SEC) as an Issuing House and financial adviser. Pathway Advisors’ services cover Mergers and Acquisitions (M&A), Capital-Raising, Financial Advisory, Rating Advisory, and Project and Structure Finance.

Fundbox Financial Services Limited is a wholly owned micro-lending company providing short-term personal and SME finance loans to salaried individuals, self-employed personnel, and small businesses. They offer services which include Cars4Cash, SME Loans, Personal Loans, and Group Employee Loans. Fundbox has successfully disbursed a wide range of loans to both corporate and individual clients, supporting their financial needs and business growth.

Pathway Holdings Limited is a notable investment holding firm focusing on private market investments, including private equity, private credit, and infrastructure. Pathway creates customised investment solutions for institutional investors and individuals, leveraging its extensive experience and local footprint.

Continue Reading

Trending