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Peter Obi Advocates Human Capital Investment to Tackle Trump’s Tariffs

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By Adedapo Adesanya

More reactions continue trail the recent tariffs introduced by the administration of President Donald Trump of the United States, and the latest to add his input is the presidential candidate of the Labour Party in the 2023 general election, Mr Peter Obi, who called on African nations to urgently invest in their human capital and scale up productivity.

He made this while speaking at the plenary session of the Commonwealth Enterprise and Investment Council (CWEIC) Trade and Investment Summit 2025 in London on Tuesday.

Mr Obi emphasised that Africa’s pathway to relevance and resilience in the evolving global economy lies in harnessing its youthful population and vast resources.

The former Governor of Anambra State noted that interventions by President Trump had already disrupted long-standing assumptions of global trade, with many nations adopting protective measures to safeguard their economies, lamenting that African countries have largely failed to respond proactively.

“Despite its vast opportunities, Africa’s share of global trade remains at a paltry 2-3 per cent, with its GDP share at about 3 per cent,” Mr Obi stated, adding that Africa’s GDP per capita stands at just $1,900, compared to about $9,000 in Asia per World Trade Organisation (WTO) data.

He warned that this persists even though Africa has the second-largest and most populous continent of about 1.5 billion people and the world’s largest concentration of working-age population

Mr Obi pointed out that the continent boasts abundant natural resources, including nearly a billion hectares of uncultivated arable land and over 30 per cent of the world’s mineral reserves but these remain underutilised.

“Africa holds over 60 per cent of the world’s arable land. Our food and agriculture market, currently valued at $280 billion annually, is projected to exceed $1 trillion by 2030,” he explained, adding that, “With agriculture at the core of our economic transformation, Africa can emerge as a global agricultural powerhouse and a net exporter of food.”

He lamented that leadership remains the lacking element and called for a transformative shift in governance across the continent, advocating one that embraces innovative education, healthcare investment, and poverty reduction.

“What is missing is leadership that can reorder priorities and scale up productivity so that African countries can move into higher levels of value creation,” he argued.

“We have seen promising signs in better-governed African countries. The challenge remains scaling up and sustaining this across the region,” he added.

Mr Obi urged African leaders to learn from Asia’s developmental state model, which prioritised human capital and productivity over mere institutional imports from Western economies, and called for bold, visionary leadership to steer Africa toward economic self-reliance and global competitiveness.

“Africa must rebuild its economies through leadership that focuses on rapid upgrades in productive capacities, especially in education and healthcare, to lift millions out of poverty and seize the opportunities of the new global economy,” he said.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Lagos Launches 2026-28 Medium-Term Sector Strategy Roll-Over Exercise

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By Adedapo Adesanya

The Lagos State Government has officially launched its annual Medium-Term Sector Strategy (MTSS) Roll-Over Exercise for the 2026–2028 planning cycle.

According to a statement, this reaffirms its commitment to sustainable development and effective governance.

Speaking at the opening session of the workshop yesterday at the LCCI building, Ikeja, the Permanent Secretary of the Ministry of Economic Planning and Budget, Mrs Olayinka Ojo, welcomed stakeholders and emphasized the importance of the MTSS as a cornerstone in the State’s planning framework.

Mrs Ojo stated that the strategy is to ensure that all projects and programs initiated by Ministries, Departments, and Agencies (MDAs) are not only well-prioritized and realistically costed but also aligned with the Lagos State Development Plan (LSDP) 2052.

Her words, “The vision of our dear State, under the dynamic leadership of Governor Babajide Olusola Sanwo-Olu, is to build Africa’s model megacity — a global economic and financial hub that is safe, secure, functional, and productive.”

“Achieving this vision requires deliberate planning, effective resource allocation, and a disciplined approach to project execution,” she said.

The roll-over session, which gathered representatives – economic planning officers and statisticians/statistical officers from various MDAs and development partners, aims to critically assess ongoing and proposed initiatives for their transformational impact, alignment with sectoral strategies, and responsiveness to current fiscal realities.

“We must ask ourselves: Are these projects truly transformational? Are they aligned with our long-term goals? Are they cost-effective and impactful?” the Permanent Secretary queried, urging participants to embrace openness and professionalism in their evaluations.

The event also underscored the need for flexibility and innovation in government planning amid global uncertainties. Officials called for future-proof and sustainable programs capable of delivering measurable benefits to Lagos residents.

The Economic Planning Department of the Ministry of Economic Planning and Budget was commended for its coordination of the exercise, with special appreciation extended to MDAs and development partners for their continued collaboration.

The roll-over exercise is expected to culminate in a refined set of priorities that will guide Lagos State’s development agenda for the years ahead.

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UK Distances Self from Soldier Involved in Illegal Arms Deal in Nigeria

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By Adedapo Adesanya

The British Government has distanced itself from the actions of Mr Micah Polo, an alleged British army officer, who was recently apprehended in connection with arms procurement and an alleged plot to instigate unrest in Warri, Delta State.

The development has received widespread condemnation with many stakeholders demanding a thorough probe of the indicted soldier and alleging that the UK was fuelling instability in the country.

In a short statement shared with Business Post on Wednesday, the British High Commission acknowledged that the individual identified did serve as a junior rank in the UK Armed Forces Reserves but was later discharged. It didn’t provide further details.

According to a statement credited to an unnamed spokesperson, the British High Commission in the statement said, “The individual identified in recent Nigerian media reporting is not a serving member of the UK Armed Forces.”

The British High Commission added that whilst in the Reserves, Mr Polo was a junior rank not a commissioned officer. Many reports had ascribed him a Major.

This newspaper learnt that UK common law and Data Protection Act protects the personal details of current and former employees, hence why it was not able to release any additional information on the matter.

According to reports, Mr Polo, an Itsekiri by origin, was allegedly recruited by one Collins to procure weapons and ammunition intended to fuel tribal tensions in the oil-rich region.

However, operatives of the Department of State Security (DSS) from the Delta Command were said to have foiled the move on Friday night and arrested the arms supplier during a covert exchange near Asaba, Delta State.

During the operation, over 50 AK-47 rifles, six pump-action shotguns, and more than 3,000 rounds of ammunition were confiscated.

Mr Polo, on the other hand, was intercepted in Lagos as he attempted to board a flight to the United Kingdom, while his associates were apprehended in Asaba during the operation.

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FG Plans Centre to Tackle Immigration Document Fraud

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By Adedapo Adesanya

The Minister of Interior, Mr Olubunmi Tunji-Ojo, has announced plans to establish a harmonised centre to combat immigration document fraud.

Speaking while receiving the UK Minister of State for Home Affairs, Mr David Hanson, in his office in Abuja, Mr Tunji-Ojo highlighted the need for a centralised system to verify documents in real time.

“One of the key issues we also realised with border control is what we call immigration and document fraud. It is very key and we realised that one of the reasons why this is quite on the rise is because there is no centralised pool of authentication and verification of documents in real time.

“So, today, if people submit 20 documents, you might need to go to 20 issuing agencies to verify 20 documents belonging to one person. So, if you have 1,000 people per day, you might need to look for 100,000 verification and authentication systems. That breeds inefficiency,” he said.

Mr Tunji-Ojo added that the centre would authenticate documents like passports, birth certificates, and bank statements, enhancing Nigeria’s image and investor confidence.

“As a government, we are trying to be more proactive than reactive, and we don’t want to judge our performance in terms of fraud by virtue of recoveries or convictions, but rather by the number of crimes or frauds that we prevented from happening,” he stated.

On his part, Mr Hanson emphasised the shared agenda between Nigeria and the UK to improve criminal justice outcomes.

“There is a great common agenda that we can share and I am particularly keen to look at how we are working together closely. My visit this week will also look at the new joint centre that you are undertaking,” he said.

He noted ongoing UK-Nigeria collaboration on migration policies, visa systems, and trade, following Mr Tunji-Ojo’s recent meeting with UK Home Secretary, Ms Yvette Cooper.

The UK delegation included officials from the Home Office, National Crime Agency, and UK High Commission in Nigeria.

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