General News
Stakeholders Endorse SNEPCo’s Global Nigeria Forum
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Public and private sector players in the Nigerian oil and gas industry have described the annual Global Nigeria Forum (GNF) as a model worthy of emulation by the country’s local content regulator.
They spoke at the fourth edition of the forum held in Aberdeen, Scotland on September 9 with the theme: Enabling Competitive Local Content Through Sustainable Partnerships.
The forum, a brainchild of Shell Nigeria Exploration and Production Company (SNEPCo), the deep-water arm of Shell companies in Nigeria, aims to strengthen local content in offshore exploration by opening the opportunity space to Nigerian professionals in Europe, particularly in the United Kingdom.
In his keynote address, Mr. Simbi Wabote, executive secretary, Nigeria Content Development and Monitoring Board (NCDMB), described the annual event as a huge success. “I am happy to see growth in a partnership that has continued to build capacity without compromising standards.”
Mr. Emmanuel Ekong, chairman of the Local Content Committee of the House of Representatives, who led some other members of the national assembly to the 2017 forum, proposed the takeover of the organisation of the forum by NCDMB. According to Ekong, saddling the local content agency with the ownership of GNF will ensure ‘inclusion of other international oil companies for greater impact and access to support from the Nigerian parliament’.
“This forum is unique and germane particularly at this time of the low oil price regime, and it aligns with the recent NNPC policy to increase participation of the private sector while attracting the right people with the right technology into the Nigerian oil and gas industry,” said the Nigeria National Petroleum Corporation Exploration Manager, Mr. Marcel Amu, who represented the national oil company.
In his remarks, Mr. Kashim Ali, president of Council for the Regulation of Engineering in Nigeria (COREN), pledged the continued support of his organisation to the forum and asked participants to take advantage of COREN’s new accreditation procedure for Nigerian professionals outside the country.
Reacting to the endorsement of the forum and the successes of the initiative in the last four years, Mr. Bayo Ojulari, managing director of SNEPCo, acknowledged the support of NNPC, NCDMB, National Petroleum Investment Management Services, and the co-venture partners – Total, NAE and Esso – in the strides by SNEPCo and called for continued support and collaboration to further unleash the country’s huge deep-water potential to build a better Nigeria with stronger economy for now and the future.
Ojulari, who was represented at the forum by Mr. Austin Uzoka, SNEPCo’s Acting General Manager, Nigerian Content Development, said, “Nigeria’s deep-water outlook indicates a high volume of activity in the building of FPSOs and drilling of new high performance wells with cutting edge sixth and seventh generation drilling rigs delivering unprecedented schedule optimisation. SNEPCo obviously has blazed the trail here and would continue its strive to be the best-in-class deep-water energy company generating top-end employment and boosting local capabilities.
“As a Nigerian engineer, nothing makes me happier than seeing indigenous vendors and service providers break new grounds and play up to the international stage in engineering and other seemingly complex jobs.”
Those present at the forum included the Chairman of the House of Representatives Committee on Finance, Mr. Jones Onyereri; Chairman of Nigerians in Diaspora (NIDOE) North UK, Dr. Paul Eke; General Manager for Contracting and Procurement, Shell Nigeria and Gabon, Mr. Antony Ellis; and his counterpart for the UK, Mr. Anthony Makenna.
General News
Bank of Industry Pledges to Support SecureID Expansion to East Africa
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The Bank of Industry (BoI) has reiterated its commitment to supporting SecureID, Africa’s leading smart card manufacturing company as the firm expands operations to East Africa.
Olasupo Olusi, Managing Director and Chief Executive Officer of BoI, made the pledge during a recent visit to SecureID’s state-of-the-art manufacturing plant in Lagos, Nigeria.
SecureID, headquartered in Nigeria serves clients across 21 African countries, providing innovative, high-quality and sustainable solutions for the financial, telecom and public sectors.
Since receiving its first financing facility from the Bank in 2010, SecureID has grown exponentially now exporting to 21 countries across Africa. The company is also eyeing opportunities beyond the continent aiming to solidify its position as a global player in the smart card industry.
Olusi commended SecureID’s achievements, describing the company as “a classic example of Nigeria’s entrepreneurship at its very best.”
He stated, “We are proud that BoI has supported SecureID since its inception. We will continue to support them because the trajectory of their progress is remarkable. This is one of those key success stories that truly exemplifies Nigeria’s potential.”
Adedotun Sulaiman, chairman, SecureID, expressed gratitude for BoI’s unwavering support which has been instrumental in the company’s growth. He highlighted SecureID’s ambitions to explore new markets, particularly in the public sector.
“The future is bright. There are many areas we have yet to conquer, especially in the public sector. We have the capacity to produce voter cards and international passports. The possibilities are immense,” Sulaiman said.
During the visit, Kofo Akinkugbe, SecureID’s Founder and GMD led the BoI team on a tour of the facility. She emphasized that BoI’s role in the company’s success extends beyond financial backing.
“I would call BoI a stakeholder—a stakeholder in the vision and dream we had from the beginning. BoI has not only provided financial support but has also ensured that we stay on the right path. As a technology-driven business, innovation is key and the Bank has been a fantastic strategic partner,” Akinkugbe noted.
Akinkugbe also emphasised that BoI’s gender-sensitive approach which has been particularly supportive of her leadership. “BoI’s development finance has been crucial in helping us expand. Their patient capital has allowed us to grow steadily and achieve significant milestones,” she added.
General News
Lagos Lawmakers Commend LIRS on Historic N1 Trillion Revenue Milestone
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Legislators in Lagos State have commended the Lagos State Internal Revenue Service (LIRS) for achieving an unprecedented milestone in revenue generation, surpassing ₦1 trillion.
This landmark accomplishment positions LIRS as the first sub-national revenue agency in Nigeria to attain such a feat, reflecting its professionalism, efficiency, and commitment to transparent tax administration.
Former Chairman of the House Committee on Economic Planning and Budgeting, Hon. Lukman Sa’ad Olumoh, alongside Hon. Femi Saheed, former Chairman of the House Committee on Finance, lauded LIRS and its Executive Chairman, Mr. Ayodele Subair, for their exemplary leadership and dedication to enhancing the state’s revenue performance.
In a recent interview, Hon. Lukman Sa’ad Olumoh described the achievement as a testament to the dedication and expertise of the LIRS team. He emphasized that Lagos State has set a benchmark in revenue collection, serving as a model for other states to emulate. Representing the Ajeromi-Ifelodun Constituency 01 in the Lagos State House of Assembly, he praised Mr. Subair for fostering a culture of efficiency and innovation within the agency, which has significantly contributed to its success.
Speaking during the 2024 budget signing ceremony, Hon. Lukman Sa’ad Olumoh conveyed to Governor Babajide Sanwo-Olu that Lagos State has reached an exceptional level in revenue generation.
He acknowledged LIRS’s historic achievement of surpassing the N1 trillion mark and expressed confidence in the agency’s ability to exceed future targets.
He further urged the state government to sustain its support for LIRS, emphasizing that continued improvements in revenue collection could reduce reliance on external borrowing.
“You cannot expect remarkable results without placing the right people in key positions. LIRS is managed by a team of highly skilled professionals. While it operates as a government agency, its structure and operations reflect global best practices.
“The agency has evolved into a world-class institution, moving from Good Shepherd’s House to the state-of-the-art Revenue House. A visit to its facilities will reveal an environment that fosters excellence.
“Under the leadership of Mr. Ayodele Subair, a visionary and dedicated professional, LIRS has achieved remarkable success. The agency’s work culture and improved operational environment have been instrumental in reaching this milestone,” Hon. Lukman Sa’ad Olumoh stated.
Looking ahead, Hon. Lukman Sa’ad Olumoh noted that based on LIRS’s consistent performance, the revenue target for 2025 has been set at N1.4 trillion.
He assured that as Lagos’s economy continues to expand and more employment opportunities are created, this growth in revenue collection would not impose additional burdens on residents but rather result from enhanced tax compliance and structured reforms.
“LIRS has demonstrated steady growth over the past five years. We have set a revenue target of N1.4 trillion for 2025, and I am confident that the agency can surpass this goal. Lagos State has the capacity to generate over N4 trillion in internal revenue without negatively impacting its residents,” he added.
He also highlighted the role of upcoming tax reforms at the federal level, noting that the Joint Tax Board (JTB) would ensure a well-structured tax administration system.
He reassured the public that no adverse fiscal policies would be introduced, emphasizing that the focus remains on improving compliance and fostering a positive tax culture.
In a formal congratulatory letter addressed to Mr. Subair, Hon. Femi Saheed, who represents Kosofe II Constituency, commended the LIRS team for their dedication, resilience, and strategic approach to revenue collection.
He reiterated the Lagos State House of Assembly’s commitment to providing the necessary legislative support to enable the agency to achieve even greater success.
“I extend my heartfelt congratulations to you and your forward-thinking management team for surpassing the N1 trillion revenue mark in 2024.
“My colleagues and I commend your resilience, transparency, and commitment to excellence. Your achievements bring immense pride to Lagos State, and I am confident that 2025 will be even more rewarding.
“As a key revenue agency, we remain dedicated to supporting your efforts in achieving greater milestones,” the letter stated.
With this historic achievement, LIRS continues to reinforce its position as a leader in revenue generation, setting new standards for tax administration in Nigeria.
General News
TD Africa Unveils Super App Version 2, Transforms Technology Access Across Africa
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TD Africa, a leading technology distributor in Africa, has launched TD Super App Version 2, an upgraded, feature-rich platform designed to revolutionize technology procurement for individuals and businesses.
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Omowumi Oladele, Project Manager, TD Africa
The enhanced App offers seamless access to a wide range of cutting-edge tech products at unbeatable prices, with faster delivery options to improve efficiency and convenience.
Available on both web and mobile, the revamped TD Super App boasts an intuitive, user-friendly interface, making it easier than ever for users to discover and purchase technology products.
This latest upgrade reaffirms TD Africa’s commitment to affordability, efficiency, and convenience, ensuring that businesses and individuals can access the tools they need to succeed.
With exclusive deals and discounts, registered users can enjoy significant savings on a vast selection of technology products, including computing devices, smartphones, consumer electronics, and power solutions. Optimized logistics and accelerated delivery times further enhance the shopping experience, ensuring that customers receive their technology essentials quickly and reliably.
“At TD Africa, we are dedicated to delivering value, efficiency, and cutting-edge technology solutions that drive business growth and streamline operations,” said Omowumi Oladele, Product Manager, TD Africa.
“The upgraded TD Super App Version 2 is designed to simplify procurement, enhance productivity, and maximize savings—empowering businesses and individuals across Africa.”
The App is now available for download on the App Store (iOS) and Google Play Store (Android). Users can also access the platform via web browsers at superapp.tdafrica.com
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