Connect with us

General

Lekki Toll Plaza Light Switched Off on Sanwo-Olu’s Directive—Tinubu

Published

on

Lekki Toll Gate Lights

By Dipo Olowookere

The chief executive officer of Loatsad Promo Media Limited, operators of the billboard at the Lekki Toll Plaza in Lagos, Mr Seyi Tinubu, has admitted that his company switched off the lights at the scene of the shooting of innocent and unarmed protesters by soldiers on Tuesday night.

Yesterday, Nigerian forces shot at peaceful protesters at the Lekki Toll Gate demanding for a better police and governance in the country. It was believed that several persons were killed and many injured.

According to reports, moments before the unfortunate incident, which has been condemned widely worldwide, some persons were seen removing the CCTVs at the toll gate, while the lights were switched off.

On Wednesday, Mr Tinubu, son of a former Governor of Lagos State, Mr Bola Ahmed Tinubu, said his company switched off the lights on the directive of the present Governor, Mr Babajide Sanwo-Olu.

Mr Tinubu, in a statement issued by his firm through its Instagram page, noted that the lights were put off in compliance with the curfew imposed on the state yesterday.

“The board was switched off based on the Governor’s curfew request,” Mr Tinubu said, stressing that he had “no idea what was going to happen.”

According to him, the shooting has left him devastated, describing it as an “ungodly act,” praying for “the victims and families” of the unfortunate incident.

He said he supported the #EndSARS movement and promised to “continue to support the youths of this great nation.”

Read the full unedited statement below:

When we started in 2014, we had a plan to change the perception of African start-ups in the global space. We believed as Africans, we could create something great and we set out with a N4m loan from a bank and we started trading, going from door to door begging for work and relentlessly grew the business employing and empowering over 200 Nigerians today directly or indirectly. We have supported many upcoming businesses, artists, people in need as giving back to our community has always been our passion (all this can be verified).

All of our achievements thus far have come the from hard work, sweat and determination of our work force and everything Loatsad has been doing has been open, all taxes are remitted and payments to agencies and regulatory bodies have been timely, so we can be proud to say we are contributing the growth of the industry and Nation.

When the “EndSars” and “say no to police brutality” protests started from day one we wholly supported the movement and used all our platforms to promote the messages (I believe the promoters can verify this information) as we believed in the cause.

On Tuesday when the curfew was announced we heeded the governors warnings and didn’t want our staff in any danger, hence by 3pm our staff had been ordered to leave the site and the board was switched off based on the governors curfew request.

We had no idea what was going to happen and we feel the same anguish, pain and shock at the events that unfolded and our hearts and prayers go out to the victims and families of this ungodly act.

We believe in this movement and that it was the start of the change our generation needed to move our country forward and we will continue to support the youths of this great nation.

Lekki Toll Gate CCTV

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
13 Comments

Leave a Reply

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

General

IIF Takes Step to Operationalise Gender-Smart Investing

Published

on

Gender-Smart Investing

By Aduragbemi Omiyale

A decisive step aimed at operationalising its Gender Equity and Social Inclusion (GESI) roadmap has been taken by the Impact Investors Foundation (IIF).

Last week, the organisation organised a high-level workshop in Lagos to equip institutions with the tools, standards, and data necessary to integrate GESI into capital allocation decisions.

In attendance for this programme were investors, policymakers, development partners, and private sector leaders.

The Nigeria Gender-Smart and Inclusive Capital workshop served as a critical component of the broader implementation strategy initiated after the launch of Nigeria’s Gender/GESI Roadmap at the 2025 Gender Impact Investment Summit.

“Following the landmark launch of Nigeria’s Gender/GESI Roadmap in 2025, this workshop represents the essential next strategic step in our journey towards a truly inclusive financial ecosystem,” the chief executive of IIF, Ms Etemore Glover, told participants.

“It is not enough to have a roadmap; we must now begin to operationalise it through institutional transformation that goes beyond mere policy alignment.

“This phase is critical because it moves us past advocacy and into the rigorous work of implementation, ensuring that organisations begin to intentionally deploy strategies to bridge the gaps that have historically sidelined women and marginalised groups,” she added.

Ms Glover submitted that, “With growing evidence that diverse and inclusive enterprises outperform their peers in risk management, innovation, and long-term value creation, Nigeria’s push to operationalise gender-smart investing reflects both a moral imperative and a significant market opportunity.”

A central highlight was a technical deep dive into the Gender/GESI Roadmap, presented by a Partner from PwC. The roadmap provides a structured approach to embedding gender-smart principles across the entire investment lifecycle: deal sourcing, by identifying women-led or gender-diverse enterprises; due diligence, through assessing GESI-related risks and opportunities; portfolio management, by strengthening inclusive governance; and exit strategies, which focus on ensuring long-term impact sustainability.

Investment and sustainability professionals from Verod Capital at the event shared practical strategies for embedding GESI metrics into governance systems. Additionally, a case study from Alitheia Capital illustrated how gender-lens investing drives both financial performance and measurable social impact.

Further, experts from 2X Global and Moremi Capital delivered sessions on the Foundations of Gender-Smart Investing, contextualising global standards such as the 2X Criteria for the Nigerian investment landscape.

These discussions demonstrated how investors can intentionally benefit women-led businesses, women in leadership, and women as value chain participants.

Organisations were charged with embedding gender-smart principles into their core operations to unlock Nigeria’s full economic potential, effectively turning the roadmap into the standard for investment in the nation’s future.

Continue Reading

General

Why News Matters More Than Ever

Published

on

Why News Matters

For many people, the relationship with news begins with resistance. As children, news channels felt slow, serious, and far removed from the world we know. They interrupt cartoons and movies, filling the screen with long conversations about politics, crises, and distant places. It is perceived as heavy, formal, and intended only for adults, not for young minds seeking entertainment or fun.

Over time, the value of news becomes clear. Most people want to stay informed, understand context, and gain insight into the events that shape society. News moves beyond reports and statistics to provide essential information for making sense of the world.

News Today Fits Into Life, Not the Other Way Around

Modern audiences no longer consume news the way previous generations did. Attention spans are shorter, schedules are busier, and habits are more flexible. People want updates without commitment and access without pressure. News now adapts to everyday life; it can be a quick headline in the morning, a background update while working, or a detailed story in the evening. It meets audiences where they are, not the other way around.

This is where GOtv excels. GOtv offers a wide range of local and international news channels that allow viewers to stay informed in the way that suits them best. Whether it’s a casual check-in, following major developments throughout the day, or deep-diving into global affairs at night.

Local Stories: Global Perspective

The news landscape on GOtv reflects the world audiences live in, fast-moving, interconnected, and diverse. National channels such as Channels Television and ARISE News cover stories that directly impact Nigeria and Africa, from politics and economy to social trends and culture. Meanwhile, international networks like CNN and Al Jazeera provide a broader lens, connecting viewers to global events and discussions that influence nations and societies. Together, these channels give viewers a comprehensive understanding of the world, offering multiple perspectives rather than a single narrative.

When News Finally Makes Sense

There comes a point where news stops feeling like background noise and starts feeling relevant. It matters when decisions need to be made, when conversations require context, and when understanding the world becomes part of everyday life. It becomes clear why adults value it so much because being informed equips people to engage, respond, and make sense of the complex world around them.

GOtv understands that news consumption evolves. It meets audiences at different stages, from casual viewers who want a simple update to engaged viewers seeking deeper analysis and informed discussion. Growing up isn’t about suddenly loving news channels; it’s about realising that staying informed is no longer optional. It’s a conscious choice, a way to connect with the world, and a tool to navigate life’s complexities.

With GOtv, news is no longer something you’re forced to watch. It becomes a choice,  a way to stay connected to both local and global stories that matter.

For easy access, viewers can tune in to Channels Television on Channel 27, ARISE News on Channel 24, CNN on Channel 72, and Al Jazeera on Channel 71.

To subscribe, upgrade, or reconnect, download the MyGOtv App or dial *288#. You can also stream anytime with the GOtv Stream App.

Continue Reading

General

FG, AFC to Fund $1.3bn Alumina Refinery, Two Other Mining Projects

Published

on

Alumina Refinery

By Adedapo Adesanya

The federal government, through the Solid Minerals Development Fund (SMDF), has signed an investment agreement with the Africa Finance Corporation (AFC) to jointly fund three major mining initiatives, including a $1.3 billion alumina refinery project.

Alumina is a chemical compound extracted from bauxite. It is composed of two elements: oxygen and aluminium. It has wide applications across metallurgy, ceramics, electronics, and chemical processing.

The agreement also covers a comprehensive geoscience mapping exercise and the establishment of a joint strategic investment vehicle to drive exploration and development across the sector.

According to a statement on Sunday by Mr Segun Tomori, the Special Assistant on media to the Minister of Solid Minerals Development, the refinery will utilise a modern Bayer-process flowsheet and feature an on-site gas-fired cogeneration plant for steam and power generation.

The ministry said the agreement is the culmination of discussions between AFC and SMDF to co-finance the construction of a $1.3 billion alumina refinery expected to process about one million tonnes of bauxite ore per annum.

“The facility is designed to operate for approximately 20 years at 95 per cent utilisation, with total alumina output projected at 19 million tonnes over its lifespan,” the statement reads.

Speaking at the signing ceremony, Mr Dele Alake, the Minister of Solid Minerals Development, described the deal as a landmark transaction that will transform the mining sector and increase its contribution to Nigeria’s gross domestic product (GDP).

Mr Alake said the deal aligns with the ministry’s reform agenda, noting that efforts to modernise the regulatory framework and strengthen the mineral licensing regime have begun attracting significant private capital.

Demonstrating the federal government’s commitment to fast-tracking the investments, the minister said all necessary approvals have been granted to accelerate implementation of the agreement.

He directed relevant agencies under the ministry to ensure seamless processing of permits, titles, and regulatory clearances.

On her part, Mrs Fatima Shinkafi, the Executive Secretary of the SMDF, said the transaction represents the agency’s largest funding project since inception.

“We are very proud and honoured to facilitate this phenomenal milestone, which is quite unprecedented since the inception of SMDF,” Mrs Shinkafi said.

“It is a $1.3 billion CAPEX. SMDF has come of age and can sit here and sign this deal with AFC. I thank the AFC for collaborating with us to boost the value addition policy of my boss, Dele Alake.”

On his part, Mr Farouk Yabo, permanent secretary of the ministry, said the development could position Nigeria more prominently on the global mining map.

The ministry further said the project is projected to be Nigeria’s largest private investment in the mining sector and will contribute about “$1.2 billion to GDP annually, inject over $25 billion into the national economy across its lifecycle, and generate $8 billion in foreign exchange earnings”.

The statement said initial feasibility studies conducted by the AFC and SMDF confirmed the project’s competitiveness and commercial viability, reinforcing efforts to position Nigeria as a globally competitive minerals destination.

“As part of the agreement, both parties will undertake a comprehensive geoscience mapping exercise aimed at generating mineral data, de-risking exploration for investors, and unlocking the sector’s full potential,” the statement further reads.

“AFC and SMDF also agreed to set up a joint strategic investment vehicle to accelerate the development of identified exploration assets across Nigeria, to drive rapid exploration, development, and production of selected exploration leases upon the execution of a successful exploration campaign.”

Mrs Shinkafi signed the deal on behalf of the federal government, while Mr Franklin Edochie, deputy director and head of metals and mining at AFC, signed for the corporation.

The statement added that Mrs Samaila Zubairu, president and chief executive officer of AFC, witnessed the ceremony alongside the minister.

Continue Reading

Trending