NEWS
Corporate Governance Summit to Chart Roadmap for Nigeria’s Economic Growth
Stakeholders on Wednesday said effective implementation of corporate governance and stronger public-private sector collaboration were critical to accelerating Nigeria’s economic growth.
They said this at a news conference in Lagos ahead of the third National Corporate Governance Summit organised by the Institute of Directors Centre for Corporate Governance (IoDCCG).
Chairman, Board of Governors, IoDCCG, Mr U.
K. Eke, said effective implementation of corporate governance principles across the public and private sectors was critical to boosting economic growth and supporting Nigeria’s aspiration of becoming a one trillion-dollar economy.Eke said increasing participation in previous editions of the summit reflected growing recognition of the need to institutionalise sound corporate governance across public and private institutions.
He said the 2026 summit, with the theme, “Implementing Good Governance for Economic Acceleration: Consolidating Public-Private Sector Partnership,” would hold on July 21 and 22 in Lagos.
According to him, the summit will attract Vice President Kashim Shettima, ministers, business leaders and other stakeholders to advance discussions on governance and sustainable economic development.
Eke also called for sustained media engagement to promote a culture of corporate governance and strengthen institutions needed to support Nigeria’s economic aspirations.
Executive Secretary of the Financial Reporting Council of Nigeria, Dr Rabiu Olowo, said ongoing economic reforms would only deliver sustainable results when backed by strong institutions and sound governance systems.
Olowo described the summit as Nigeria’s foremost platform for dialogue on governance, leadership and institutional excellence, bringing together policymakers, regulators, investors, governance professionals and development partners.
He said this year’s edition would focus on practical and implementable solutions to governance challenges capable of accelerating economic growth.
According to him, discussions will focus on governance in state-owned enterprises, board oversight of artificial intelligence and digital transformation, governance in financial institutions, mining sector governance and building a robust credit economy.
He added that the summit would generate practical recommendations to strengthen governance implementation, improve institutional performance, reinforce investor confidence and enhance Nigeria’s competitiveness.
Olowo said Vice President Kashim Shettima would declare the summit open, while Founder and Managing Partner of Trans-Sahara Investment Corporation, Kyari Abba Bukar, would chair the event.
He added that the keynote address would be delivered by the Chairperson of Nigerian Breweries Plc, Juliet Amammah.
According to him, ministers responsible for solid minerals development, marine and blue economy, trade and investment, the Minister of State for Industry, governors, regulators and private sector leaders are among confirmed participants.
Also speaking, President of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), Uto Ukpanah, said Nigeria’s challenge was no longer the absence of governance frameworks but weak implementation.
Ukpanah said translating governance principles into measurable outcomes was essential to improving investor confidence, attracting capital, creating jobs and enhancing citizens’ quality of life.
She said the summit would provide a platform for stakeholders to share best practices, strengthen collaboration between government and businesses, and identify reforms needed to unlock Nigeria’s economic potential.
Ukpanah reaffirmed ICSAN’s commitment to promoting good governance as a driver of sustainable economic development in the country.
NEWS
Emulate Komaiyas Kingdom First Leadership Style, Ashimolowo Urges Leaders
By David Torough, Abuja
The Senior Pastor of, Kingsway International Christian Centre (KiCC), Pastor Mathew Ashimolow has called on leaders to emulate the leadership model, style and kingdom-minded approach of Pastor Korede Komaiya.
Ashimolowo made the remark during his visit to the newly dedicated Dreamland complex at Master’s City, Warri, where he ministered on the theme, “Timely Technology for Timeless Truth.
”Speaking at the event, he emphasized the need for a generation of leaders who are spiritually grounded and equipped for contemporary challenges.
According to him, “This time requires leaders who are spiritually deep, mentally sharp, emotionally stable, and financially wise. What we see here today is the result of Pastor Komaiya’s kingdom-mindedness, heart and unwavering commitment to God’s work.”
Commending the vision behind the project, Ashimolowo noted that many leaders would have prioritized personal luxury over such a monumental kingdom investment.
“One thing I can tell you about this big work is that, many people would not build something this massive when they could build mansions for themselves. Yet, he still lives more or less in a rented place and modestly because his heart is kingdom-first,” he said.
He further stressed the importance of sacrificial leadership and investment in God’s work, adding that leaders must set the example for those they lead.
“Kingdom-mindedness is not common in this generation, especially among founders. If you cannot invest in your own ministry, how do you expect your members to invest? People are watching your priorities and your commitment,” Ashimolowo stated.
Expressing his admiration for the project, he recalled his reaction when he first saw images of the completed facility.
“I had never been here before, but when they sent me pictures after the finishing touches were completed, I was overwhelmed. I found myself speaking in tongues because I did not know what else to do,” he added.
The newly dedicated Dreamland complex, located at Master’s City, KM 3 Refinery Road, Warri, Delta State, features two four-storey wings equipped with elevators, a central heating, ventilation and air conditioning (HVAC) system, as well as a state-of-the-art main auditorium built to international standards.
NEWS
Abuja Millennium Tower Costs N400b, Says Wike
By Laide Akinboade, Abuja
The Minister of Federal Capital Territory (FCT), Nyesom Wike on Thursday explained that the cost of completing the abandoned Millennium Tower project in Abuja has increased to between N300 billion and N400 billion.
The FCT Minister added that the increment in the cost of completing it based on the present budget of the administration, has made it financially unviable because it would affect other ongoing projects.
Wike stated this during an inspection tour of inspecting the ongoing construction of the extension of Collector Road CO1 linking Nile University area in the Institution and Research District with Lugbe, Abuja and the Arterial Road N1, from Wuye District to Ring Road II, Abuja.
The minister revealed that he has appealed to President Bola Tinubu to step in, reconsider the complex as a strategic national project, and assume its funding.
According to the minister, tying down such an enormous capital outlay to a single project would effectively cripple the territory’s finances and force the administration to abandon several other critical infrastructure projects needed across Abuja.
Responding to inquiries about the long-delayed landmark, Wike emphasised the need for a realistic approach to the city’s development priorities.
He said, “Well, you know that’s a national project. And I believe that it’s one project that the government should reconsider. It should be a tourist centre project. The capital involved is too huge for the FCT to handle as a single project”.
Tracing the genesis of the signature edifice, Wike noted that the contract was originally awarded decades ago under the administration of former President Olusegun Obasanjo.
However, the minister said years of neglect, economic shifts, and delayed execution have pushed the financial requirements to an unprecedented high.
Wike further explained, “We have discussed with the contractor. Remember that the project was awarded under Obasanjo’s regime
“As I speak to you, it’s not less than 300 to 400 billion Naira that the contractor is talking about. And if you look at it, how do we carry out such a project? It means that every other project in Abuja we will have to abandon. But we are still talking to the President that he should reconsider it as a national project. So, that’s where we are”.
Despite the setback posed by the massive cost of the Millennium Tower, Wike expressed strong satisfaction with the pace and quality of ongoing infrastructure development across the territory, particularly praising major construction firms handling critical corridors.
On ongoing projects, Wike assured residents that all ongoing infrastructure projects awarded by the Federal Capital Territory Administration (FCTA) will be completed before the end of the year, expressing confidence in the contractors handling the various road projects across the capital city.
Wike said the Tinubu administration remained committed to delivering every project it had initiated, insisting that no road project would be abandoned.
“What should concern you is whether there is any project we have started and abandoned. Look at even the projects that were awarded since 2010. We have tried to see that all are completed, and the ones that this administration has awarded will also be completed,” the minister said.
He added: “I don’t want to be pessimistic. I’m very optimistic that all the roads that we have gone for inspection, after the commissioning and flag-off, will also be done. As far as I’m concerned, the latest by the end of this year.”
NEWS
Obasanjo, Atiku’s Achievement Still Unbeaten, Says Lekan Ojo
By Mike Odiakose, Abuja
A former chieftain of the All Progressives Congress (APC), Dr. Jackson Lekan Ojo, has declared that no administration from 1999 to date has surpassed the achievements of the Obasanjo/Atiku administration.
Reacting to the recent attack on the former vice president by Presidency officials, Ojo lampooned them and stressed that there is nothing to show on the scorecard of the Tinubu administration apart from mounting debts.
According to him, “Most of the guys in the Presidency are unnecessarily loquacious. They speak, they are not thinking, they speak but they are not communicating.
How can somebody on this planet earth in this administration refer to the Obasanjo administration as wasted years. Honestly, most of the things we are enjoying today are from the Obasanjo/Atiku regime.“The debt forgiveness is from the regime; the first time that we have EFCC that they are using today as a tool is from the Obasanjo/Atiku regime; the GSM revolution is from the regime; Due Process that a lot of government officials are no longer following today in the award of contracts is from the regime; ICPC is from the regime.
“Do you know that it was Atiku Abubakar that checked Sharia law, appealing to everybody and they respect him and the country was peaceful until Obasanjo second tenure when he started nursing tenure elongation and Atiku disagreed with him.
“That was why Obasanjo was not able to penetrate Northern Nigeria. That time he has already written off the office of the vice president.
“Obasanjo achieved all these things during his first tenure when Atiku was the chairman of the National Economic team. There wouldn’t have been political stability at that time because Obasanjo was not a democrat; he was a military man. It was Atiku as vice president that stabilized democracy. It was during this period that people like Ngozi Okonjo-Iweala were brought home to this country when Atiku was chairman of the Economic team. People like Nuhu Ribadu, Oby Ezekwesili, Adeshina, and a host of others were brought in.
“Who is the Okonjo-Iweala in this administration, who is the Ezekwesili in this administration? Who again can serve as chairman of EFCC like Ribadu or El-rufai?
“Do you know during that time you can remember names of all Ministers because they were performing but how many Ministers today do Nigerians know their names?
“If Obasanjo was not nursing tenure elongation during his second term he would have been able to work well with Atiku. All the telecommunication and other achievements we are talking about today were all achieved during the first tenure when Atiku was chairman of the Economic team.”
Dr Ojo also faulted claims by the presidency that the Obasanjo/Atiku administration is responsible for huge pension debts.
Speaking at the 2027 general election, Dr Ojo expressed optimism that the ADC presidential candidate has the capacity to upstage President Tinubu.
“It is not Atiku’s battle. Today in Nigeria Atiku is the most popular, most relevant, he has the geopolitical spread. He has relationships with the South East and South West by marriage; he has business across the country, he has the capacity.
“He has the political clout and sagacity to defeat President Bola Ahmed Tinubu. The battle ahead is the battle of the populace. 90 percent of Nigerians are living below the poverty line.
“There is no time in Nigeria’s history that we don’t have a middle class but today we have only the rich and the poor. Small scale industries are no longer working. How much do you barb your hair now? What you used to pay for a return ticket for a flight between Lagos – Port Harcourt cannot even party for transport by land today. The air is not affordable, the roads are not safe. What is this government doing?
“How much was University school fees before. Is it this deception called a student loan? You are giving students loans when they are going to pay when there are no jobs after graduation. In the future if they want to contest for any position they will tell them they owe the Federal government. You are impoverishing people and you are plugging them into tactical indebtedness.
“How much is fuel today. When Buhari was paying subsidy how much did he borrow? Now that we are not paying for subsidy we have out borrowed Buhari’s eight years within three years. How much did Obasanjo and Atiku borrow during their time?
“The battle in 2027 is between the people, the APC and Renewed Hopelessness. People are crying. Kidnapping was limited during the Goodluck Jonathan administration to North East but today North East, North West, South East, South West, North Central are all affected.
“What is the achievement of this administration? This administration has failed woefully. This is the most corrupt administration in the history of military and democratic government in this country. This is the first time that we are hearing anything about a fake parastatal.”


