Business
2030: Jordan FM Boss, Johnson, Makes Case For $1Trillion, Economy,20 Million Jobs
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.
Business
NDLEA Busts Nigeria-Mexico Drug Syndicate, Seizes ₦480bn Drugs in Ogun
The National Drug Law Enforcement Agency has dismantled a transnational methamphetamine production syndicate jointly operated by a Nigerian drug cartel and Mexican collaborators, leading to the arrest of 10 suspects.
Also, illicit drugs and chemicals valued at over N480bn were recovered during the operation.
The Chairman and Chief Executive Officer of the NDLEA, Brig. Gen. Buba Marwa (retd.), disclosed this on Wednesday during a media briefing at the agency’s headquarters in Abuja.

Marwa said the operation, carried out by operatives of the agency’s Special Operations Unit, led to the discovery and shutdown of what he described as the biggest clandestine methamphetamine laboratory ever uncovered in Nigeria.
According to him, the laboratory was hidden in Abidagba forest in Ijebu East Local Government Area of Ogun State and was being operated by the Anochili Innocent Drug Trafficking Organisation.

He said the coordinated operation was conducted simultaneously in Ogun and Lagos states on Saturday, May 16, 2026, following months of intelligence gathering.
Marwa said, “Through a clinical, simultaneous operation executed by the elite operatives of our Special Operations Unit, we have successfully dismantled a sophisticated, transnational methamphetamine production syndicate run jointly by a Nigerian drug cartel and their Mexican counterparts.

“This network did not just traffic drugs; they were actively manufacturing industrial-scale quantities of highly lethal illicit substances right on our soil.”
He disclosed that seven members of the cartel were arrested at the forest laboratory, including three Mexican nationals allegedly brought into Nigeria to produce methamphetamine.
Marwa said the arrested Mexicans were identified as Martinez Felix Nemecto, 46; Jesus López Valles, 40; and Torrero Juan Carlos, 51.
According to him, Nigerian suspects apprehended at the site included Nwankwo Sunday Christian, 41; Igwe Abuchi Remijus, 42; Ifeanyichukwu Chibuike Joshua, 23; and Egwuonwu Uchenna Victor, 38.
Marwa added that another tactical team arrested the alleged kingpin of the cartel, Anochili Innocent, at his residence located at No. 8 Tafawa Balewa Street, Golf Estate, Lakowe, Lekki, Lagos.
According to him, a search of the residence led to the recovery of the passports and mobile phones of the arrested Mexican nationals, linking the suspect directly to their importation and activities in Nigeria.
He further revealed that follow-up operations on May 18 led to the arrest of another suspect, Kingsley Orike Omonughwa, 44, at another property linked to the cartel in Mayfair Estate, Lakowe, Lekki.
The NDLEA boss said operatives also raided the residence of another syndicate member, Emeka Nwobum, which allegedly served as the cartel’s stash house.
He said the total number of suspects arrested in connection with the syndicate had risen to 10, comprising the alleged baron, three Mexican nationals, and six Nigerian collaborators.
Marwa stated that the operation led to the recovery of 2,419.48 kilograms of methamphetamine and precursor chemicals.
“The operation yielded a massive 2,419.48 kilograms of chemical materials, including highly toxic, volatile, and crystallised methamphetamine worth $362,922,000 in the international market. This translates to over N480bn,” he said.
“Also recovered from the cartel include: a Toyota Tacoma vehicle used for operations at the clandestine meth laboratory, and a Toyota Highlander seized from the kingpin’s residence.
“To put this in perspective, the 2,419.48 kilograms of finished and liquid methamphetamine seized represents millions of street doses that would have flooded our local communities and international markets, causing untold destruction, psychosis, and violence,” he said.
Marwa warned that the NDLEA would continue to target drug cartels and their collaborators across the country.

“We are fully aware of the shifting tactics of these cartels, including the disturbing trend of hiring South American cartel specialists to set up production factories in our rural communities,” he said.
He urged Nigerians to remain vigilant and report suspicious activities in their communities, noting that the clandestine laboratory in Ogun operated under the cover of a regular farm.
This is came days after the operatives of the NNDLEA, Edo State Command, destroyed two cannabis farms in Ago Forest, Orhionmwon Local Government Area of the state.
The state commander, Mitchell Ofoyeju, in a statement on Monday, said the cannabis plantations had a yield of 1,388.42kg.
He added that four suspected drug traffickers were also arrested in the past one week.
Business
Togo Grants Visa-Free Entry To African Nationals
The government of Togo has announced the removal of visa requirements for citizens of all African countries visiting the country for short stays of up to 30 days.
The announcement was made on Tuesday in a statement issued by Togo’s Ministry of Security through its official X (formerly Twitter) handle.
According to the ministry, the policy is aimed at strengthening African integration and promoting the free movement of people across the continent.
Under the new arrangement, African nationals holding valid passports will be permitted to enter Togo without a visa for visits not exceeding 30 days.
“Togo takes a historic step in strengthening African integration. Henceforth, all nationals of African states holding a valid national passport may enter Togolese territory without a visa, for a stay of up to 30 days,” the statement said.
It added that the reform reflects the commitment of the country’s leadership to making Togo a hub of openness, mobility and cooperation within Africa.
“Through this major reform, the President of the Council reaffirms his commitment to making Togo a space of openness, mobility, opportunities, and cooperation at the heart of the African continent,” it added.
However, travellers will still be required to complete an online travel declaration on the official government platform at least 24 hours before arrival to obtain a travel clearance slip.
The ministry said the policy reinforces Togo’s dedication to regional integration and stronger diplomatic and economic ties among African nations.
The decision follows similar visa-free initiatives adopted by countries such as Rwanda.
In a related development, the Nigeria government has also begun implementing a 30-day visa exemption policy for Rwandan nationals entering the country.
Business
Wema Bank Announces Closing Date for One-Day MD/CEO Children’s Day Initiative
As the deadline of May 20, 2026, fast approaches, Wema Bank has announced the last call for submissions for children and teens interested in participating in becoming MD/CEO of Wema Bank for one day.
Launched in May 2025 as part of Wema Bank’s 80th anniversary celebration, the One-Day MD/CEO initiative was introduced by Wema Bank to commemorate Children’s Day in a uniquely unprecedented manner. Inspired by the Bank’s 80th anniversary theme “80 Years of Impact, A Future of Possibilities”, the Wema Bank One-Day MD/CEO initiative served as a bridge between past and future, giving children across Nigeria the once-in-a-lifetime opportunity to become the MD/CEO of Wema Bank for one day—Children’s Day.
As 12-year-old Chiderije Mbah emerged winner, the Wema Bank One-Day MD/CEO initiative dominated the conversation on May 27, 2025, with children across Nigeria inspired to put in the work towards a successful future and parents commending the Bank’s consistent commitment to empowering children and helping them build the right future. This year, 2026, the Wema Bank One-Day MD/CEO initiative has returned on a larger scale.
For the 2026 Children’s Day celebration, Wema Bank will give another child or teenager [ages 0-16] a chance to step into the shoes of Managing Director/CEO of Wema Bank, for a day. The child will get to oversee board meetings, make tactical decisions, and experience firsthand the demands and responsibilities that come with the office of MD/CEO, especially for an institution like Wema Bank, Nigeria’s oldest indigenous national bank, most innovative and pioneer of Africa’s first fully digital bank, ALAT.
To participate, children/teens are expected to record a 60-second video detailing what their ideal role in banking would be and what they hope to achieve. This video is to be posted on any social media platform using #EvolutionOfPossibilities and tagging @wemabank on the post. The post with the highest number of likes emerges winner and the winner gets to become MD/CEO of Wema Bank on Monday, May 25, 2026, in celebration of Children’s Day.
Both parents and teens are encouraged to hurry and make their submissions now as entry closes in less than two days, specifically on Wednesday, May 20, 2026.
More details on the Bank’s social media platforms @wemabank
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