Igbo traders endorse Sanwo-Olu for second term
Published
4 years agoon
By
Seun OwopeAn amalgamation of Igbo traders across 58 major markets in Lagos State, on Thursday, passed a vote of confidence on Gov. Babajide Sanwo-Olu, endorsing his second term bid.
The traders, under the aegis of Ndigboamaka Progressive Markets Association, said that although Sanwo-Olu had not formally informed them of his second term bid, they unanimously support the governor’s re-election.
The traders gave the endorsement at the 2022 All Markets Conference, organised by the association in Amuwo Odofin area of Lagos State.
The Secretary General, Ndigboamaka traders’ association, Mr Chinedu Ukatu, said that the endorsement is in appreciation of the state government’s business policies and infrastructure development, which support their trades.
”Mr Governor, you have not formally told us whether you are seeking re-election or not, but I want to tell you that all the market leaders seated here today are yearning for a second term for you,” Ukatu said.
According to him, anytime Sanwo-Olu walks, the trader will walk with him.
Gov. Sanwo-Olu said that the endorsement is a mark of general acceptance of his administration’s efforts to deliver ‘Greater Lagos’ and strengthen the culture of good governance, for which the state was reputed.
He said that the support came with an assurance of more development programmes to be expected from his administration.
The governor promised not to take the Ndigbo’s support for granted, while re-assuring them of the state government’s continued collaboration to create an enabling environment for businesses to thrive.
He said that Igbo traders remained prominent players in the economic growth of the state, as that Lagos’ development narrative would not be complete without the mention of entrepreneurial spirit of the Igbos.
”This is another moment for our government to recognise our Ndigbo brothers and sisters for their commitment to the growth and development of Lagos.
”Certainly, Ndigbo traders have been part of the good story of Lagos; your entrepreneurial spirit is second to none and the Igbo enterprising spirit has become a case study in Harvard, which is the biggest business school in the world.
”Contribution to the livelihood of your host communities have been acknowledged and in Lagos, we have created together an economy that has continued to grow and position our nation as the biggest economy in Africa.
”Trading is a veritable link between producers and consumers, which is the area the Ndigbo traders have tirelessly worked to define the growth trajectory of our dear State. I am happy that our modest interventions for more growth in this area are visible and being recognised,” Sanwo-Olu said.
He pledged that his administration would continue to protect the business interests of the Igbo people, while promising to make the state habitable for non-indigenes that abide by the laws of the state.
He said that his administration would continue to seek peaceful co-existence among all ethnic nationalities cohabiting in Lagos, that the ethnic groups must see themselves as different sides of a coin that should not have anything against one another.
”We have to come to the understanding that we all have different roles to play in keeping Lagos safe for business and living.
”We are all important stakeholders in Lagos project, whether it is government, traders and private sector individual. We must continue to foster peace and harmony through an avenue like this conference, using the interaction to make Lagos better for everyone of us,” Sanwo-Olu said.
The Commissioner for Local Government and Community Affairs, Dr Wale Ahmed, said that the state government regarded informal markets as important sector of the state’s economy.
Ahmed, who was represented by the Ministry’s Permanent Secretary, Mrs Kikelomo Sanyaolu, said that the conference created the platform to address challenging issues plaguing commercial activities across markets.
He said that markets management in Lagos had been structured with policies to engender economic growth.
”In April last year, we inaugurated a 21-member Lagos State Market Advisory Council (LASMAC), with the responsibility of managing the affairs of markets in the state, in line with the international best practices, thus helping to acquaint the traders and other stakeholders with the policies of this administration.
”The council took cognizance of the various socio-cultural settings in markets across the state and Mr Governor ensured that various communities were brought on board to represent different socio-cultural interests and affinities,” the commissioner said.
The Chairman of United Nigeria Airlines, Dr Obiora Okonkwo, said that the conference offered opportunities to engage policymakers and political administrators in charge of the commerce, to lobby for regulatory actions that would further ease business activities.
Okonkwo specifically charged traders to cooperate with the government and regulatory agencies in exposing counterfeiters in their markets.
President of Ndigboamaka Progressive Markets Association, Chief Jude Okeke, made a case for trade incentives for marketers, stressing that the economy would not flourish without the contribution of informal traders.

SPORTS
CAF announces free e-visas for fans attending AFCON Morocco 2025
Published
13 hours agoon
November 14, 2025By
Publisher
The Confederation of African Football and the AFCON Morocco 2025 Local Organising Committee on Friday announced that fans travelling to the tournament will be eligible for free electronic visas.
The policy benefits citizens of countries that normally require a visa to enter Morocco.
“Electronic visas to enter Morocco — obtained through the YALLA app — are now free of charge for supporters attending the competition, which runs from 21 December 2025 to 18 January 2026,” CAF said in a statement on its website.
The governing body said the announcement comes amid growing global demand for Africa’s biggest football event, with more fans booking tickets.
It explained that fans need two documents, a fan identification and an e-visa, to stay in Morocco and enter football stadiums throughout the tournament.
“A Fan ID is mandatory for entry to all stadiums and official Fan Areas. Supporters can apply for both the Fan ID and e-visa in one place inside the YALLA app, streamlining travel and stadium access.
“The Fan ID application and e-visa request are completed seamlessly within the YALLA app, ensuring a faster, easier and secure experience for international visitors and local fans alike,” the statement added.
To apply, fans are urged to download the YALLA app on Google Play or the App Store, or visit the official YALLA website, complete the Fan ID form, and, if required, submit the e-visa request.
Once approved, supporters can purchase match tickets on the CAF ticketing platform.
“The new measures are designed to deliver a seamless, secure fan experience for Africa’s showpiece event that will be played across nine stadiums in six cities,” CAF said.
With Morocco hosting for the first time since 1988, the continent’s biggest football festival returns to North Africa amid high expectations, fierce rivalries, and a new generation of African stars ready to make their mark.
A total of 24 teams are expected to participate.
CBN unveils phased overhaul of fixed income market to boost transparency
Published
1 month agoon
October 3, 2025
The Central Bank of Nigeria (CBN) has announced a phased restructuring of the Nigerian Fixed Income Market as part of sweeping reforms to strengthen transparency, improve efficiency, and reinforce regulatory oversight across the country’s financial ecosystem.
In a circular signed by Okey Umeano, Acting Director of the Financial Markets Department, the apex bank disclosed that it will assume full control of both the settlement process and the trading platform for fixed income transactions beginning November 2025.
According to the CBN, this transition will allow the Bank to manage the trading environment directly while handling end-to-end settlement of fixed income instruments within its established financial market settlement system.
“This transition will enable the CBN to assume direct responsibility for the management of the trading platform and handle end-to-end settlement activities under the Bank’s established settlement system for financial market transactions,” the statement read.
To minimize disruption and ensure market stability, the reform will be implemented in carefully sequenced stages, with active involvement of key market stakeholders, particularly the Financial Markets Dealers Association (FMDA). The milestones for the first phase include:
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User Acceptance Testing (UAT): Scheduled for the second week of October 2025, to test the proposed settlement infrastructure.
Pilot Phase: A transitional phase to run alongside the current system, ensuring operational stability and user adaptation.
Go-Live 1 (Settlement Process): Full migration of fixed income activities to the new CBN settlement system, starting November 3, 2025.
Go-Live 2 (Trading Platform): Launch of the new CBN-sponsored trading environment for Primary Dealers, Market Makers (PDMM), Pension Fund Administrators (PFAs), and other approved market participants on December 1, 2025.
The apex bank emphasized that the reforms are designed to “strengthen market integrity, streamline operations, and establish a unified regulatory framework that ensures end-to-end visibility and supervisory oversight of fixed income transactions.”
Acknowledging the FMDA’s central role in market development, the CBN called for continued collaboration, stressing that stakeholder input would remain critical throughout the transition.
“We look forward to your continued partnership as we work together to deliver a more efficient, transparent, and resilient fixed income market,” the Bank stated.
The CBN assured participants that the transition would be coordinated to avoid disruptions and would ultimately serve the broader interests of market stability and economic growth.
The overhaul of the fixed income market is the latest in a series of regulatory reforms introduced by the CBN to strengthen Nigeria’s financial system. Just last month, the apex bank directed all Domestic Systemically Important Banks (DSIBs) to adopt early succession planning for Managing Directors/Chief Executive Officers (MD/CEOs) and top executives.
Under that directive, signed by Dr. Rita Sike, Director of the Financial Policy and Regulation Department, DSIBs must secure regulatory approval for the appointment of a successor MD/CEO at least six months before the expiration of the incumbent’s tenure. The move, according to the CBN, is aimed at bolstering corporate governance and reducing leadership uncertainties that could undermine financial stability.
By consolidating oversight of the fixed income market, analysts say the CBN is positioning itself to better support monetary policy transmission, strengthen market resilience, and drive long-term economic growth.
NEWS
Jandor joins 2027 Lagos governorship race, pledges loyalty to Tinubu’s leadership
Published
1 month agoon
October 2, 2025
Olajide Adediran, popularly known as Jandor, has formally announced his intention to contest the 2027 governorship election in Lagos State, this time under the platform of the ruling All Progressives Congress (APC).
Jandor, who was the Peoples Democratic Party (PDP) governorship candidate in the 2023 polls, made the declaration on Wednesday, October 1, 2025, during an Independence Day address in Lagos.
The media entrepreneur-turned-politician emphasized that his ambition remains rooted in the drive to serve the people of Lagos, noting that he is determined to bring new energy into the state’s leadership.
“As for Lagos State, I am offering myself once again to serve. I’m indeed running for the Lagos governorship race in 2027,” he said.
Reflecting on his previous campaign, Jandor recalled the momentum he generated during the 2023 elections, which marked his first major political outing.
READ ALSO: JANDOR pays homage to Olubadan-elect, Oba Rasheed Adewolu Ladoja
He expressed optimism that, with the APC platform and the support of President Bola Ahmed Tinubu, he would be better positioned to actualize his vision for Lagos.
“When it was time for me to truly leave, I came all out, and we took Lagos by storm. Very soon, activities will begin to galvanize support from Mr. President and the party to ensure that whoever picks the APC governorship ticket in Lagos will have a strong run. Let me put this to rest: I am running in 2027,” he declared.
Jandor also used the occasion to openly endorse President Tinubu’s leadership, calling on Lagosians and Nigerians at large to rally behind the President for a second term in 2027.
“President Bola Ahmed Tinubu has proven his capacity to lead this country with vision and courage. I call on Lagosians and Nigerians at large to ensure he gets a second term in 2027 so we can all continue to benefit from his progressive leadership,” Jandor said.
His defection to the APC and fresh declaration are expected to reshape the political landscape in Lagos, setting the stage for what could become a highly competitive race ahead of the 2027 elections.
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