General
Nigeria, India Partner for Sugar Institute in Ilorin
By Adedapo Adesanya
Nigeria and India have signed a Memorandum of Understanding (MoU) that will see the establishment of a sugar institute in Ilorin, the Kwara State capital.
The MoU was signed by the National Sugar Development Council (NSDC) for Nigeria and the National Sugar Institute of India (NSI) at the India High Commission in Abuja recently.
The Executive Secretary of NSDC, Mr Latif Busari, who signed on behalf of Nigeria, said that said the collaboration with NSI would help address the challenges faced in the implementation of Nigeria’s sugar master plan which was launched in 2014.
According to him, one of the challenges was the inadequate technical manpower to run sugar factories.
“As you all know that the Nigerian sugar master plan was lunch six to seven years ago, and it became clear that we have a serious challenge in terms of the technical manpower needed.
“We saw that if we must succeed in establishing the sugar factories, the factories will be lacking in the areas of managing the factories and the farms.
“Then we saw the need to set up an institution that will rapidly develop the technical manpower that is needed in the sugar industry in Nigeria.
“So, when we decided on that we started looking for where we could leverage on the experiences that several nations have had already.
“We do not have to reinvent the wheel and looking round we came to two institutions, and one of them is the National Sugar Institute Kanpur, India and what you see today is the outcome of the interaction we had in past few months,” he said.
Mr Busari further said that when the institute is established, it would boost the Nigerian sugar industry which would benefit from the huge market available.
“How it will factor into the Nigerian industries and energy is if you see the sugar master plan? – We will be able to generate more than 400 mega-watts of electricity.
“We will produce more than 160 million litres of ethanol. These are possible if we are able to completely implement the plan,’’ he said.
On the part of NSI Director-General, Mr Narendra Mohan, who signed the pact for India said that the agreement for setting up an institute in Ilorin in Kwara State and to see what structure it would implement.
“We are going to give the first detail of the extraction such as what type of classrooms, laboratories, equipment and all that.
The second part is about the training of the trainers because ultimately you do not have the faculty of your own at present.
“So we are going to begin the training sessions, and we have identified the faculty and initially 10 people are to be trained at the faculty in NSI.
“The third, which is important, Nigeria is having few sugar factories and there is a huge gap in meeting the demand for, sugar.
“But the capacity building is one thing. We will give advice on capacity building and also address the challenge for the smooth running of the institute,” he said
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NECA’s Annual Retreat for Business Managers, Executives Holds April 16
By Aduragbemi Omiyale
The annual retreat for business managers and executives organised by the Nigeria Employers’ Consultative Association (NECA) will take place from April 16 to 18, 2026, at the AAE & T Hotel, Kuto, Abeokuta, Ogun State.
This year’s edition is themed The Resilient Enterprise, People and Systems: Building and Managing Businesses that Outlive Seasons, Cycles and Crises.
The programme aims to equip leaders with the insights, tools, and networks required to build resilient organisations in an increasingly complex business environment.
It will provide a unique platform for executive-level engagement through high-level conversations, peer learning sessions with experienced leaders, strategy reflection workshops, and curated networking opportunities.
Expected to attend are industry leaders, senior executives, and business managers from across sectors. They will explore strategies for sustaining organisational performance through leadership transitions, economic cycles, regulatory shifts, and market disruptions.
Participants will also benefit from interactive discussions focused on strengthening corporate governance, developing agile leadership capabilities, and building organisational systems that can withstand periods of uncertainty and transformation.
A notice from NECA said the event is open to both members and non-members, with participation fees set at N300,000 for members and N320,000 for non-members. Discounts will also be available for Gold and Silver members, subject to applicable terms and conditions.
Interested participants are encouraged to register via the official registration link to secure their place at the retreat, which promises to deliver valuable insights and connections for executives seeking to build enterprises capable of thriving through seasons of change and uncertainty.
The Director-General of NECA, Mr Adewale Smatt-Oyerinde, noted that by convening business managers and senior executives in a collaborative learning environment, the association aims to contribute to the development of stronger, future-ready enterprises that can drive economic growth, create jobs, and support national development even in the face of evolving global and local challenges.
He added that the retreat will provide executives with the opportunity to step away from daily operational demands and engage in deeper strategic conversations with peers and industry experts.
“The theme of this year’s retreat speaks directly to the realities businesses face today. Across sectors, organisations are navigating leadership transitions, regulatory shifts, economic pressures, and technological disruption.
“What distinguishes enduring enterprises is their ability to build strong systems, develop capable leaders, and create organisational cultures that can adapt and respond effectively to change,” the NECA chief said.
General
Egbin Power Commissions 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.
General
NGX Group, CSCS, WIMBIZ to 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.
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