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2030: Jordan FM Boss, Johnson, Makes Case For $1Trillion, Economy,20 Million Jobs 

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The Development of each Local Government across the Country as Economic Zone can achieve over 1 trillion economy and create 20 million jobs by 2030 in Nigeria in line with the mandate of the Federal Government.

 

 

The Convener of One Product One Local Government (OPOL), and CEO Jordan FM/Roseate Forte Limited, Lanre Johnson made this known at the unveiling of the Lagos Island East LCDA Local Content Development Hub Beyond Oil, the pilot phase, at the Lagos City Center, in Lagos,on Wednesday.

 

 

According to him, “the Local Content Development Hubs (LCDH) beyond oil across the 774 local government was developed by Jordan FM/Roseate Forte in collaboration with the Lagos Island East LCDA and critical stakeholders in the private and public sector to promote and build local capacity and foster sustainable business ecosystems for MSMEs, traders, artisans, and youths toward radically accelerated non-oil earnings and sustainable economic development and growth in Nigeria.

 

 

“Our unflinching commitment is to bring together public and private sectors toward building and sustaining a new Nigeria of our collective dream, greatness and prosperity for all Nigerians. The pilot will start from Lagos State and from Lagos Island East LCDA. Our host, the chairman of Lagos Island East LCDA, Hon. Folawiyo Muibi (Pepe) has demonstrated impeccable resolve and showed uncommon passion and zest working with us towards achieving radical and revolutionary developments for his people.

 

 

“In our unwavering support for business community and government at all levels, the mission in Lagos is to bring additional $70 billion to Lagos State GDP across all LGAs by 2030, while projecting that 1 million jobs will be created through the development and facilitation of local economy.

 

 

“Activities at the hub would include, entrepreneurship, mentorship, knowledge transfer, investments and market linkage: ideation, invention, product certification and standardization, product prototyping, reverse engineering, excellent service delivery, funding and investment, exports and local content development for the manufacturers, artisans, trades, youths and the informal sector”, the Jordan FM boss said.

 

 

The Serial Entrepreneur said the projected outcomes for the hubs across the 774 Local Government Area are, One Product One LGA, formalization of informal sector, 1 million unstructured/unregistered MSMEs will be converted, 20 export hubs, 57 co-working spaces, 57 shared artisanry factory/industries.

 

 

He said that all these outcomes can only be achieved through partnership with all LGAs/LCDAs with their business community, State and Federal Governments, various associations, funding institutions, embassies and other critical organizations.

 

 

“I want to tell our president that the need for us to come together to build local content development beyond oil, I want to encourage all of us to go about collaborations, I want to encourage all the chairman across all the 774 local government in the country to embrace what Hon. Muibi Folawiyo has done, and by what we are going to start doing today, Mr President will begin to see that change he is talking about because indeed there will be economic revolution in the country. We can see the arrears of people, ministries, agencies gathered here today, NYSC are here, BOI are here, SMEDAN are here, NEPC are here, ASLAT are here and ITF are here,I think the journey has just begun for us to hit that 1 trillion economy and for us to create 20 million job, everything we need will be here in this hub we are unveiling today” Lanre Johnson affirmed.

 

 

Chairman of Lagos Island East LCDA, Hon. Folawiyo Muibi said the program is a laudable one which is set to put his local council on the global map in term of economic development.

 

 

” I feel elated, I’m very happy being the very first chairman to assemble the caliber of people here today, I know what it means to everybody. and it is a very good decision in the right direction for the benefit of the local government, the state and Nigeria at large”.

 

 

“It’s good to bring about economic development to the local government and I can tell you categorically that the youth would benefit more from this initiative because it will give them the opportunities to choose whether to go into ICT, export, mechatronics, entrepreneurship skills, trading and the rest.

 

 

“Any kind of support that is required of the council that would enable the initiative to make impact for the local community you can count on me to provide it, because it is the only way for economic growth, and when there is economic growth within the local communities there will be economic growth across the state and the country at large” the chairman said.

 

He appealed to other chairman across the 774 local government areas in the Nigeria to embrace the program as their project so as to bring economic prosperity to their people.

 

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” I want to appeal to all the chairman of all the 774 local government areas across the country to adopt this initiative as their project so that the effort being put in place by Mr President will not go in vain. it is through locals that we can assist programs and project of what the president is doing now. if the economy level of the local government is enhanced you will agree with me that it is going to improve the economic level of the state, and if economic activities of every state is improving it will definitely reflect on the economic development of the country. Therefore I will appeal to all colleagues to embrace this program as it will be replicated across all the local government in Nigeria”, Muibi said.

 

 

 

Other stakeholders and partners who were at the event to support the program includes, the Federal Ministry of Finance and Coordinating Minister for the Economy, the Bank of Industry (BOI), the Nigerian Export Promotion Council (NEPC), the Nirsal Bank, Taj Bank, Rock foundation Automobile, the Nigeria Society of Engineers (NSE), the Industrial Training Funds (ITF), the Lagos State Ministry of Trade, Commerce, and Investment, SMEDAN, the Lagos State Ministry of Wealth Creation, NYSC, Lagos State Office of Climate Change and Circular Economy, Association of Lagos Artisans and Technicians (ASLAT), and the Lagos State Ministry of Youth and Social Development.

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BINATONE Announces Special One Month Black Friday Deals!

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Global Appliances Nigeria Limited, manufacturers of Binatone products has, announced an exciting Black Friday deals.

 

The company’s Managing Director, Mr Prasun Banerjee, said the offer cut across Its Full Range of Smart Home Appliances.

“Binatone, one of Africa’s most trusted appliance brands for over 52 years, is delighted to announce its Black Friday Mega Sales offering amazing discounts across all key supermarkets and leading electronic stores nationwide” Mr Banerjee said in a statement.

The promotion will be from November 6th to december 6th, 2026.

During this period, Mr Banerjee said customers will have a full month to enjoy unbeatable prices on a wide range of Binatone products.

“From energy solutions to kitchen essentials, Binatone will bring exceptional value and innovation to every Nigerian home this festive season,” he added.

According to him, this year’s Black Friday promotions will feature exciting offers across multiple categories stressing that Shoppers can enjoy great discounts on stand fans equipped with mosquito-repellent and air-freshness features, including the newly introduced AD 1601 AC/DC Fan, which can be linked to a solar panel for clean, free air.

“The rechargeable fan range, available in three models with replaceable lithium-ion batteries, recharges in just four hours and provides up to ten hours of cooling—enough to last the whole night,” Mr Banerjee added.

For kitchen lovers, he said the KC6000 Yam Pounder/Fufu Maker promises quick, hygienic, and effortless meal preparation while the air-fryer series, available in three models, requires just a teaspoon of oil to make crispy, tasty, and healthy fries.

“Binatone’s cool-touch kettles, models CEJ 1799 and CEJ 1700T, come with elegant digital displays and are designed for safety and convenience, he added.

To protect valuable home appliances, he disclosed that Binatone’s power range offers stabilizers in 2 KVA and 5 KVA capacities and surge-voltage protectors in 13 A30 A ratings—ideal for air conditioners.

“The company’s newly launched Power Stations, available in 1.8 KVA and 2.4 KVA variants, provide portable, plug-and-play power with solar-charging capability, ensuring reliable backup power for homes, small offices, and outdoor use”

He disclosed that customers will also find irresistible discounts on Binatone’s dry and steam irons, garment steamers, and microwave ovens thar are perfect for everyday household needs.

“The breakfast-essentials range features pop-up toasters, sandwich makers, and juicers designed to make mornings easier,” he stated. He announced that the high-powered blender collection includes durable, unbreakable jugs capable of smoothly blending hard nuts and beans.

“Additionally, Binatone has introduced the Tefal Cookware Range, offering premium non-stick pots and pans for healthy cooking, along with Freeplay solar-powered lanterns and torches, ensuring every home remains bright and energy-efficient

“Binatone’s Black Friday celebration is our way of thanking loyal customers for their trust over the years,” Mr Banerjee added.

“We are bringing quality, affordability, and innovation together, thus making this season the perfect time to upgrade your home.

”All Binatone products comes with a two-year warranty, giving customers additional peace of mind and assurance of lasting quality.

“Don’t miss these amazing Black Friday offers, available for a limited time at all major supermarkets, electronic stores, and online platforms across,” he stated.

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Wema Bank’s Top 21 Hackaholics 7.0 Grand Finale Finalists Emerge

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Wema Bank, Nigeria’s oldest indigenous bank and pioneer of Africa’s first fully digital bank, has unveiled the Top 21 finalists for Hackaholics 7.0, who will compete at the grand finale scheduled for Friday, November 6, 2026, in Lagos. Themed Festival of the Future, the grand finale will bring together innovators, technology leaders, startup founders, investors and key players in Nigeria’s innovation ecosystem for an immersive celebration of ideas, technology and the possibilities shaping the future.

 

The Top 21 finalists are: Dynalimb, Harthiq, Acceede, Vhorde, URI, Trarrk, SocialSign, RaverPay, All-Arbitrates, CitizensGage, Craft-Planet, FOID, PayByPalm, Niteonn, Nexa-AI, Neural-Forge, MamaAlert, JolliFlow, Becca, CropiQ and Middleman.

Hackaholics is Wema Bank’s youth and start-up-focused initiative, designed to provide young innovators with a platform to transform creative, technology-driven ideas into practical solutions to real-world challenges and gain a competitive edge in the global technology and digital space. Since its launch in 2019, the initiative has recorded over 21,000 applicants, engaged more than 50,000 participants, supported over 10,000 startups across three countries and developed more than 100 solutions from scratch.

The 7th edition, which commenced on July 1, 2026, attracted 5,329 participants and generated 1,632 innovative ideas and solutions across seven pitch-centre locations: Uyo, Kano, YabaTech, Benin, Ibadan, Enugu and Lagos. Following the nationwide tour, 59 participants emerged from the various centres, with the Top 21 selected through a rigorous, multi-stage evaluation process.

The Hackaholics 7.0 grand finale week will feature a three-day programme of strategic engagement and innovation-focused activities. On Wednesday, November 4, the finalists will participate in the Pre-Pitch, where they will present refined versions of their solutions. This will be followed by the Ecosystem Tour on Thursday, November 5, powered by Wema Bank, offering participants the opportunity to visit leading institutions within the technology and innovation ecosystem, interact with industry professionals and gain practical insights ahead of the final competition. The programme will culminate in the grand finale on Friday, November 6, where outstanding innovators will be recognised and celebrated.

Through Hackaholics, Wema Bank continues to demonstrate its commitment to advancing Nigeria’s innovation ecosystem by identifying emerging talent, creating opportunities for young innovators and supporting the development of solutions to real-world challenges. The initiative reinforces the Bank’s role in empowering the next generation of innovators and building an ecosystem where ideas can thrive and possibilities become reality.

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Sanusi Warns FG Against Spending Without Restraint

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Emir of Kano, Alhaji Muhammadu Sanusi II, has implied that the Federal government may not be able to achieve it’s economic reform dream if it maintains it’s present expenditure rate, declaring that Nigeria could not pursue fiscal consolidation while continuing to spend without restraint.

 

Speaking virtually to the audience at the Oxford Global Think Tank Leadership Conference, organised by the Oxford Global Think Tank, on Tuesday, the monarch said reform must go beyond removing fuel subsidies and liberalising the exchange rate, describing it as a comprehensive package that needed to address many other areas.

He said government needed to make clear spending priorities, choosing between roads, electricity, agriculture, and technology based on available resources.

The Emir also raised concerns about the size of government expenditure, saying Nigeria could not pursue fiscal consolidation while continuing to spend without restraint.

He said the World Bank had pointed out that in the first half of this year Nigeria’s debt service consumed 124 per cent of federal government revenue.

Sanusi warned that the country needed to urgently address the sustainability of its debt and pursue structural reforms that had not yet been made.

The former CBN boss said every $10 billion spent on roads was $10 billion taken away from electricity and agriculture, stressing the need for deliberate choices.

Sanusi acknowledged that Tinubu’s economic reforms had produced measurable progress, citing improvements in GDP growth, inflation, and foreign reserves.

He said GDP growth has risen from an average of 0.9 per cent under the previous administration to 4.5 per cent, describing the change as progress that deserved recognition.

“I think moving from an average growth rate of 0.9 per cent to 4.5 per cent is progress. Moving from inflation of over 30 per cent to 14.5 per cent is progress.”

“Moving from the point where in 2023 the central bank’s reserves were maybe negative to where we are now having reserves of $55 billion is progress.”

He, however, stressed that issues such as poverty, hunger, maternal mortality, malnutrition, education and healthcare remained serious concerns that the reforms has not yet addressed.

Sanusi said the government should have designed social safety net policies to soften the impact of reforms on vulnerable Nigerians from the beginning.

The former CBN boss also advised the government to tolerate constructive criticism,warning the Federal Government against treating every comment about it’s workings as an attack on President Bola Tinubu.

“It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.

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