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Interview

Afam Nwokedi, Principal Counsel and Group Head, Stillwaters Law Firm: Interview
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Interview:Afam Nwokedi How will the Companies and Allied Matters Act of 2018 impact the business environment? AFAM NWOKEDI: If the amendment is finalised as has been proposed, it will be transformative and far-reaching, impacting the business environment significantly. The amendment sets out some key innovations, including the single shareholder platform. Under current legislation, you need…
Interview

Abubakar A Rasheed, Executive Secretary, National Universities Commission: Interview
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Interview:Abubakar A Rasheed What are the challenges facing tertiary education? ABUBAKAR A RASHEED: Security, job security and infrastructure make it difficult for people to come to and stay in the country. We have to make Nigeria attractive all round and address the social, political, and security challenges it faces. In the case of tertiary education, we will lag behind until we develop a…
Interview

Olaide Agboola, Managing Partner, Purple Capital: Interview
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Interview:Olaide Agboola What potential do you see for developing the retail market post-recession? OLAIDE AGBOOLA: Since the economic recovery beginning in the second half of 2017, the retail and real estate sectors are attracting more interest from international investors again. The Nigeria Autonomous FX Window, launched in April of that year by the central bank, was also very much responsible…
Interview

Umar Danbatta, Executive Vice-chairman and CEO, Nigerian Communications Commission (NCC): Interview
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Interview:Umar Danbatta How will open-access, fibre-optic infrastructure lead to increased connectivity? UMAR DANBATTA: The current open-access model is designed to fill in gaps in broadband infrastructure. The commission has licensed infrastructure companies with a mandate to provide every local government area (LGA) with at least one 10-Gbps access point within a four-year period. All 774…
Interview

Paul Onwuanibe, CEO, Landmark Africa: Interview
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Interview:Paul Onwuanibe What opportunities are likely to arise within the post-recession housing sector? PAUL ONWUANIBE: There is currently a significant undersupply of housing and an extremely low rate of home ownership. The second-hand sales market is also very weak, due to the lack of an adequate mortgage system. This has resulted in a situation where a very small percentage of the population…
Interview

Babatunde Fashola, Minister of Power, Works and Housing: Interview
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Interview:Babatunde Fashola How would you assess the progress Nigeria has made in addressing the housing deficit? BABATUNDE FASHOLA: While the housing deficit is a problem that mainly afflicts urban centres like Abuja, Lagos and Kano, as a result of migration there are empty houses in both rural and urban areas. But they do not meet the needs of most buyers. This has led to the government’s…
Interview

Hassan Bello, Executive Secretary and CEO, Nigerian Shippers’ Council (NSC): Interview
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Interview:Hassan Bello In what ways will the new National Transport Commission (NTC) impact transport regulation? HASSAN BELLO: The new NTC will replace the NSC as regulator of the transport sector. It aims to take a multisectoral approach in attracting private sector investment in developing transport infrastructure. Until now, the government has taken the lead in port, road and especially…
Interview

Muhammad Musa Bello, Minister of the Federal Capital Territory: Interview
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Interview:Muhammad Musa Bello What measures is the Federal Capital Territory Administration (FCTA) taking to increase foreign direct investment in Abuja? MUHAMMAD MUSA BELLO: First and foremost, we have articulated investment opportunities in the city. We have also established strong institutional frameworks to help prospective investors. The Abuja Investments Company as well as the Abuja Infrastructure…
Interview

Audu Ogbeh, Minister of Agriculture and Rural Development: Interview
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Interview:Audu Ogbeh What steps can the Federal Ministry of Agriculture and Rural Development (FMARD) take to increase self-sufficiency in food production? AUDU OGBEH: Our first duty is to address the continued population growth. We have 200m inhabitants, and in 30 years this will reach 450m. Meanwhile, we have less than 1m sq km of land – a key challenge for a large population. In…
Interview

Rolling the dice: Seun Anibaba, General Manager and CEO, Lagos State Lotteries Board, on the gaming industry’s growth prospects
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What are federal and state agencies doing cooperatively to streamline investment in gaming? ANIBABA: At the sub-national level, most states do not have an independent gaming board; instead, regulation falls under the mandate of each respective state’s internal revenue service. A trend we are noticing is that more states are creating separate agencies with the specialised skills to handle the…