General
Lagos, eTranzact Collaborate to Curb Unregulated Development

By Adedapo Adesanya
The Lagos State Government has signed a Memorandum of Understanding (MoU) with eTranzact, a foremost fintech company, to sanitise and regulate activities of setbacks and Incidental Open Spaces (IOS) and ensure physical orderliness in the state.
Signed by the Ministry of Physical Planning and Urban Development, the agreement will help curb unregulated development, manage setbacks and open spaces and improve the beautification of the environment in Lagos state.
The MoU will strengthen the partnership between Lagos State Planning and Environmental Monitoring Authority (LASPEMA) and eTranzact.
This collaboration will allow eTranzact to deploy an integrated technology solution for data collection, management, and digitization of revenue collection processes from the informal business players operating on the setbacks and Incidental Open Spaces (IOS) in Lagos State to regulate setbacks/IOS and enhance the State Internally Generated Revenue.
Speaking during the signing of the MoU held at the state secretariat in Alausa, Ikeja, the Commissioner for Physical Planning and Urban Development, Mr Omotayo Bamgbose-Martins, represented by the Special Adviser to Governor Babajide Sanwo-Olu on e-GIS and Planning Matters, Mr Olajide Babatunde, said the initiative was a public-private partnership that would yield a good result hence the need to take care of the environment.
He said the MoU is for accountability and in the interest of the general public in Lagos State, as well as improving the internally generated revenue (IGR) of Lagos State.
Also speaking, the Managing Director of eTranzact, Mr Niyi Toluwalope, said his organisation was partnering with Lagos State Government for social development, noting that the project would develop solutions on data, enumeration, reordering setbacks, putting incidental open spaces in an orderly manner, among other benefits.
He said: “eTranzact is a premier technology solutions company in Nigeria. Today we are partnering with the Lagos State Government and LASPEMA for the enumeration and data management of the occupants of the setbacks and incidental open spaces within the City. We are licensed by the Central Bank of Nigeria (CBN) to provide this service.
“The Lagos State Government has taken this laudable initiative to identify the setbacks, enumerate the people on these setbacks, do the necessary data capture, and manage the entire setback infrastructure in the State so that it is structured, following the proper model for setbacks, improves beautification, improves transparency within the environment and ensures that our critical urban infrastructure is well laid out properly to ensure Lagos functions as a major critical landmark with global recognition.
“We are committed to partnering with the State government to build a beautiful and prosperous Smart City for all. As Nigeria’s Super Fintech Choice, eTranzact is committed to providing payment technology support for all public and private stakeholders.”
Also speaking, the General Manager of LASPEMA, Mr Daisi Oso, said the agency was saddled with addressing challenges that were associated with managing and regulating all activities on setbacks so as to ensure orderliness while leveraging technology.
He said the agency is saddled with the deployment of drones for mappings, collaborating with other ministries, departments, and agencies on urban development to improve security and order in the use of land in tandem with the state’s developmental plans to enhance social and political sustainability of businesses.
General
World Youth Day 2025: NBC Spotlights Young Changemakers Driving Nigeria’s Future

Nigerian Bottling Company (NBC), the official bottling partner of The Coca-Cola Company in Nigeria, is marking World Youth Day 2025 by celebrating the resilience, innovation, and impact of young Nigerians who are transforming their communities and driving inclusive growth.
At the core of this celebration is NBC’s flagship #YouthEmpowered initiative—designed to equip young people with essential life and business skills for the future of work. Since its launch in Nigeria in 2017, the program has empowered over 60,000 youth through hands-on training, digital upskilling, mentorship, and entrepreneurial coaching.
As part of this year’s activities, NBC will premiere a documentary that spotlights inspiring YouthEmpowered alumni who are building businesses, leading change, and shaping brighter futures for themselves and their communities. The documentary will be available to the public on NBC’s official website, YouTube channel, and social media platforms.
Featured in the film is Esohe Ekunwe, who now leads Alpha Connect, a community initiative focused on financial literacy, wellness, and civic engagement. She credits the YouthEmpowered program with not only influencing her business journey but also transforming her mindset.
The documentary also highlights other changemakers such as Doyin Ogunye, founder of Women and Youth Empowerment, whose environmental work in Lagos is tackling waste and creating jobs; and Kingsley Oguchechukwu, founder of Kingsman Luxury in Enugu, who turned a major business setback into a thriving fashion brand.
By shining a light on these stories, NBC reaffirms its commitment to empowering young Nigerians and supporting their vital role in national development.
General
Two Nigerian Innovators Shine at 2025 Anzisha Prize Awards Gala

By Aduragbemi Omiyale
It was a glorious moment for Ms Bunmi Esther Olalude and Ms Christianah Madu, the two Nigerian innovators honoured at the prestigious Anzisha Prize Awards Gala held on August 6, 2025.
They were among the four prize winners who received a $10,000 prize each to further the impactful work they are already delivering in their communities.
Ms Olalude was honoured with the Job Creation Award for creating the most jobs, particularly for women and youth, and she informed the audience, “If I keep on doing what I am doing, I know I can go anywhere and reach my biggest dreams.”
On her part, Ms Madu was awarded the Storytelling Award for her powerful communication and ability to increase visibility for her venture.
Another winner was Ms Cebolenkosi Gcabashe from South Africa, who earned the Revenue Growth Award for his business which showed the greatest increase in profitability.
“As a person from a rural area, this award means the world to me and the community I come from,” he said, urging young business leaders to “start where you are with what you have and the rest will come along with your journey.”
The fourth winner, Mr Tafadzwa Manyanye, received the Systems of Delivery Award for building strong operational systems to scale efficiently, and he advised other aspiring entrepreneurs to “just start,” noting, “whatever you are doing, starting today means you are gearing up for a successful tomorrow.”
The ceremony was part of the Anzisha Entrepreneurship Education in Africa (EEA) Summit, held at the African Leadership Academy campus.
The event concluded with a powerful call to action for business and community leaders to support the continent’s very young entrepreneurs.
The summit brought together policy architects, educators, investors, and business leaders to explore best practices in entrepreneurship education and celebrate the innovative strategies driving youth-led growth.
“Youth entrepreneurship isn’t the backup plan, it’s the blueprint. For too long we have treated entrepreneurship as plan B, the path we take when the real systems fail you. But today has reminded us that youth-led enterprise isn’t what happens when things go wrong, it’s what happens when young people take control of their futures,” Anzisha Prize Managing Editor, Didi Onwu, said.
“We’ve heard from our entrepreneurs who are running digital schools, inventing organic farming alternatives, designing global fashion brands, solving health challenges and more – all before the age of 25. They’re not asking if they’re too young. They’re building anyway,” Onwu added.
General
Nigeria Racing to Meet EU’s Cocoa Sustainability Deadline

By Adedapo Adesanya
The Minister of Industry, Trade and Investment, Mrs Jumoke Oduwole, has described the regulation of the European Union (EU) on cocoa sustainability, which could impact Nigeria’s export, as both a “formidable challenge and a transformative opportunity” for the country.
On Monday, the federal government and stakeholders in the cocoa value chain met to assess the progress so far made towards complying with the EU Deforestation Regulation (EUDR) on sustainability.
She said the regulation was a call to action as it remained a “pivotal moment for Nigeria’s cocoa industry.”
The EU, which accounts for over 60 per cent of Nigerian cocoa exports, had set the December 31, 2020, deadline (later extended to December 2025) for Nigerian cocoa farmers to comply with the regulation which bordered on sustainable cocoa trade under the EUDR Compliance framework.
The deadline applies to the broader EUDR, which includes cocoa and other commodities, and was extended from an earlier date to allow for more preparation time.
Failure to comply could lead to rejection of Nigeria cocoa exports to Europe, among other punitive measures.
Mrs Oduwole said the roundtable was more than a high-level dialogue but a “platform to align national ambition with global standards, as well as a crucial step in ensuring the resilience, sustainability, and competitiveness of our cocoa value chain.”
The Minister pointed out that the the EU deforestation regulation was reshaping the way agricultural commodities are traded globally.
“But beyond that, Nigeria and this administration is at the forefront of climate change and climate justice, and what is important to is the use of our land for sustainability.
“So, without even an external project, this is something that is Nigeria first. As Mr President has put it, always Nigeria first in this issue. We’re thinking first and then joining the rest of the world to see how we’re using our resources for the betterment of everybody.
“So, for Nigeria, Africa’s fourth largest cocoa exporter, it’s both a formidable challenge and a transformative opportunity.
“With the EU accounting for over 60 per cent of our cocoa exports, compliance is not optional. It is an economic, environmental, and developmental imperative. And importantly, we have to support our domestic farmers and investors who are in this space,” she said.
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