Business
PICTURES : Obasa, Fashola, Foreign Diplomats Advocate for Nigeria’s Democracy Protection
Despite its challenges, democracy in Nigeria must be protected by every citizen, speakers at an event to commemorate the country’s 25 years of unbroken democratic governance organized by the Lagos State House of Assembly have warned.
Speaker of the House, Rt. Hon. Mudashiru Obasa, former governor of Lagos, Mr. Babatunde Fashola, foreign diplomats, and business experts argued on Wednesday evening that democracy has benefitted the Nigeria since 1999 when the country began its fourth republic.
Others who spoke at the event include Prof. Eghosa Osaghae of the Nigerian Institute of International Affairs, Dr. Muda Yusuf, former chairman of the Lagos Chamber of Commerce, and Mrs. Abike Dabiri-Erewa, the Nigerians in Diaspora Commission (NiDCOM).
In a statement made available to thecolmn.ng by Eromosele Ebhomele the Chief Press Secretary to the Speaker of the Lagos State House of Assembly, Obasa said Nigeria deserved to celebrate because in the last 25 years, the country has successfully transferred power from one administration to another, uphold the principles of representation, accountability, and the rule of law.
“Our democracy has endured despite challenges and setbacks. We have faced elections, protests, and debates, but our commitment to democracy has remained unwavering.
“We have demonstrated that democracy is not a destination but a journey, and we are proud to be on this path. We must continue to guard it jealously, for it is the foundation upon which the fabric of our nation’s progress is built.
“We must continue to promote democratic values, protect human rights, and ensure that our democracy remains perpetually unbroken,” the Speaker said while recalling the struggle and sacrifice made by well-meaning Nigerians during the struggle for democracy.
Obasa noted the roles so far played by the state legislature in the scheme of Nigeria’s progress to include promotion of good governance, accountability, and the rule of law as well as passage of bills that have transformed the lives of citizens.
“As a transformative and people-centric legislature, the House of Assembly has delivered impactful laws and representation, reforming justice, social welfare, and security systems, and driving tax reforms, infrastructural development, and transportation improvements.
“These have attracted significant attention from local and international admirers, leading to frequent visits from international representatives and private citizens seeking to learn from us, exchange ideas, conduct research, or participate in exchange programmes,” the Speaker said.
He urged Nigerians to continue to support state Houses of Assembly to further deepen democratic values and bring governance closer to the grassroots.
FASHOLA
The former governor of Lagos said 25 years of democracy has provided an opportunity for effective representation of the people as well as freedom to make laws.
Urging Nigerians to hold on to democracy very jealously, he argued that the federal system practised in Nigeria remains important to the country’s growth.
“For those who are understandably impatient with democracy, I hear them. It can be a tedious way to govern. There is no better way to order our affairs. I will not trade the liberties it offers for anything else.
“We are a federal state and let me tell you why. We have multi-level legislative houses from the local councils to the National Assembly. We have multi-level judicial system.
“We also find different levels of government exercising different forms of responsibilities and this you can find in the exclusive and concurrent lists and, of course, what you can’t find in those two lists, is the residual authority that resides in the states. For example, the Senate cannot make laws on landlords and tenants laws and rent control,” he said.
Speaking about some changes that have happened in Nigeria in the last 25 years, he recalled the ‘famous resource control case’ which originated from Lagos and was resolved through the constitution making some states earn better now. He also recalled the matter relating to local government creation during the administration of Asiwaju Tinubu as governor.
“As at 1999, if you wanted to build a house in Lagos, you would go and get permit in Abuja. It was the Lagos State government that went to court to stop it,” he said adding that the cases were fought and won because of the quest for a perfect union.
Urging support for President Tinubu’s administration, expressed optimism that wages and salaries and issues with the creation of state police would become reality.
FOREIGN DIPLOMATS
The Consul General of the French embassy in Lagos, Laurent Favier, while congratulating Nigeria, said “democracy is not a state of perfection but something people have to fight for at all times. It is a political structure that must be deepened.”
He expressed satisfaction with how democracy in Nigeria has ensured freedom just as he urged the country not to relent in making citizens happy.
On the other hand, Weert Börner, Consul General of Germany, said his country with 16 states, practises same federal system as Nigeria adding that this results in healthy competitions.
He affirmed that Nigerians enjoy freedom of opinions, one of the characteristics of democracy.
He commended Nigeria over its Electricity Act which gives states power to generate electricity noting that Germany followed same part 25 years ago resulting in about two million electricity producers in the country.
Consul General of the Embassy of Italy, Ugo Boni assured that the government of his country will continue to be a trustworthy companion of Nigeria while the British Deputy High Commissioner, Lagos, Jonny Baxter, said: “In these challenging times, it is important that we support each other in our shared commitment to democracy.
“Nigeria’s democratic resilience and significance in West Africa serves as an example to other nations seeking to strengthen and protect their own democracies.”
“The UK looks forward to partnering with Lagos and Nigeria in the next 25 years and more.”
Michael Ervin, political and economic section chief at the US Consulate General, Lagos, said Nigeria is an example of how diverse people can unite and ensure freedom for all.
He congratulated Lagos Assembly and noted that Lagos opens the door to the development of Nigeria.
Kingdom Men Global Network aka KMEN has formally announced the programmes of the 13th edition of its flagship annual gathering for men, Mega Summit.
This year’s event will open on Thursday May 14 and end on Sunday May 17 with an all-men musical concert.
The 2026 edition of Mega Summit which will hold at the Presken Hotels on Alade Avenue opposite Airport Hotel, Ikeja Lagos has as theme: Legacy…Faith. Family. Community. And for the first time Mega Summit will host an award on the opening day in memory of foremost Nigerian diplomat and integrity personified and pioneer Chairman of the Board of Trustee of KMEN, late Dr Christopher Kolade who died last year at the age of 92.
The KMEN-Christopher Kolade – Men in Leadership Award for Courageous Manhood will be heralded by the Men in Leadership Summit (MiLEADS) with the sub-theme – Building a Culture of Leadership with Integrity. And will have as speakers Archbishop John Osa-Oni of Vineyard Christian Ministries., Pastor Tunde Bakare of The Citadel Global Community Church, and renowned Pharmacist, entrepreneur and politician Mazi Sam Ohuabunwa, OFR.
Pastor Tunde Bakare
Day two will feature another special session for Men in Church Leadership (MiCLEADS) with the sub-theme: Leaving a Legacy of Faith/Discipling for the Next Generation, and will have as speakers Bishop Sunday Onadipe, Bishop, Methodist Church of Nigeria, Diocese of Badagry, Apostle Eyinnaya Okwuonu, former Chairman of Pentecostal Fellowship of Nigeria (PFN), Lagos Chapter., Pastor Dominion Roberts from Liberia, and Rev Fr Matthew Ogunyase of the Catholic Mission, Lagos.
While day three will open with a Special Town Hall discussion on Family with the sub-theme – The Father’s Role in Shaping Legacy and is the only mixed gender panel for Mega Summit 2026 featuring foremost life change coach, Mrs. Yemisi Lagunju and Rev David Abraham, who is the managing director of Managing Business for Christ (MBFC).
On Saturday is a Special Town Hall on Resisting an Emerging Legacy of Addictions. This segment will feature a presentation by Dr Dokun Adedeji on the ravage of Drug Addictions, alongside Abiose Akolade Ladipo, Co-Founder of GamblePause, a Lagos-based NGO in the fight against Gambling Addictions.
Later in the afternoon on Saturday is a second Town Hall session on Business and Economy with the sub-theme: Building Sustainable/Generational Businesses, and will feature notable panelists like Rev Professor Biodun Adedipe Founder of BA and Associates, and Rev Dr Abba Peter, Managing Director of Best Practices Limited, among others.Other Town Hall segments at Mega Summit 2026 include that on Politics/Governance with the sub-theme: Swimming Against the Tide – National Transformation through Service, and another Town Hall on Media featuring Mr. Mustapha Isah Osikhekha, former President of the Nigerian Guild of Editors (NGE), Omoba Deji Irawo and others as they navigate best way to Reclaim the Narrative: Legacy in Digital Spaces.
An extra-ordinary edition, the 13th edition of Mega Summit will also have segments designed to equip leaders in men’s ministry through the instrument of KMEN’s School of Men’s Ministry/ISI Training. Each day of Mega Summit 2026 is divided into three segments – morning starting at 9 am, afternoon session and evening climaxing with an impartation service.KMEN is an uncompromisingly Bible-based, independent ministry to men. Established nearly two decades ago, the ministry’s objective is to assist men, irrespective of their church affiliations, in their Christian Walk, that they may become better sons, brothers, husbands, fathers and leaders.
The Ikeja Electric Plc has given reasons for the ongoing power outages experienced by cudtomers, attributing the situation to reduced electricity allocation from the national grid.
In a statement posted on its X handle at , the company apologized for the disruption, noting that some parts of its network were experiencing supply constraints due to reduced power allocation from the grid.
It added that, to manage the shortfall and maintain grid stability, it had introduced temporary load shedding across affected feeders.
The Ikeja Electricity company said as part of efforts to maintain grid stability and ensure equitable distribution of available power, temporary load shedding is being implemented across affected feeders and locations. The company said it was working with relevant stakeholders to improve supply and minimise the impact on customers.
The latest notice follows months of unstable electricity supply in Lagos and other parts of Nigeria, driven largely by a drop in generation linked to gas shortages.
Wema Bank Plc is celebrating the 9th anniversary of ALAT by Wema, Africa’s first fully digital bank, marking nine years of transforming how Nigerians experience banking.
Launched in 2017, ALAT by Wema was introduced as a bold response to the limitations of traditional banking, long queues, physical barriers, and slow processes. By eliminating these constraints, Wema Bank redefined banking as a fully digital, instant, and accessible experience, enabling customers to open accounts, transact, and manage their finances seamlessly from anywhere.
Over the past nine years, ALAT has evolved beyond convenience into a comprehensive digital ecosystem designed to meet the changing needs of individuals, businesses, and a new generation of financially aware users. From enabling structured savings through features like ALAT Goals to simplifying payments and expanding access to financial services, the platform has consistently delivered solutions that empower users and drive financial inclusion at scale.
This journey of continuous innovation has positioned ALAT not just as a digital banking product, but as a platform that adapts, grows, and evolves alongside its users.
To commemorate this milestone, Wema Bank has launched the ALAT at 9 campaign, a series of customer-focused activities, rewards, and interactive experiences designed to celebrate users while deepening engagement.
As part of the anniversary celebration, customers can access their personalized ALAT Wrapped, offering a simple, visual summary of their journey on the platform, which can be downloaded and shared across social media.
Customers can also participate in the 9 Features in 9 Days experience by engaging with a designated feature each day. Completing all nine activities unlocks rewards, encouraging consistent and active use of the platform.
In addition, customers who complete their 9th transaction at exactly 9:00am or 9:00pm will receive instant rewards.
The celebration also features the ALAT Evolution Jingle Challenge, inviting customers to create and submit the second verse of the ALAT jingle for a chance to win rewards.
Speaking on the milestone celebration, Managing Director and Chief Executive Officer of Wema Bank, Moruf Oseni, said;
“ALAT at 9 is not just a celebration of time. It is a reflection of how far we have come and a clear indication of where we are going. Over the years, we have continued to evolve with our customers, building a platform that is not only functional but also engaging and rewarding. This campaign is designed to give back to our users while reinforcing our commitment to innovation and customer experience.”
Also commenting, Chief Digital Officer of Wema Bank, Olusegun Adeniyi, noted that the anniversary campaign was designed to merge everyday banking with meaningful engagement.
“With ALAT at 9, we are transforming routine banking into an interactive experience. By combining personalized insights, gamified missions, and real rewards, we are creating a platform that responds to users in a more dynamic and rewarding way. This reflects our vision to build a digital bank that is intuitive, adaptive, and centered around the customer,” he said.
The anniversary activities will run from May 2 to May 31stwith customers encouraged to log into the ALAT app to participate, complete tasks, and unlock rewards.
Existing customers can access the experience by updating the ALAT app via the Google Play Store or Apple App Store and signing in with their existing details. New customers can download the app and get started in minutes to enjoy the full range of features and anniversary benefits.
With ALAT at 9, Wema Bank continues to reinforce its leadership in digital banking, delivering not just financial services, but a platform that continue to evolve with its users and rewards them at every stage of their journey.
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