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Broll Converges Experts To Discuss Growth Prospects for Retail Sector

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(L-r): Adeniyi Adeleye, head Retail Estate Finance, West Africa Stanbic IBTC; Michael Chu'di Ejekam, retail investor; Eddie Mcdonald, CEO, Resilient Africa and Bolaji Edu, CEO Broll Nigeria during Broll's retail round table in Lagos, recently.
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Broll Property Services Nigeria, the country’s leading Property Services Company hosted retail industry experts to a roundtable forum to discuss the growth prospects in the retail industry at Wheatbaker Hotel, Lagos recently.

The event tagged “Retail Industry: 10 Years from Now”, had in attendance executives from Broll Nigeria, real estate financers, developers and retail investors.

Bolaji Edu, CEO Broll Nigeria while giving the opening address conveyed that despite a challenging environment, Nigeria still holds promise for investors who are willing to take a long-term approach on investments.

He stated that. “The outlook for the retail sector is largely dependent on economic reforms as well as the lifting of foreign exchange restrictions”.

Gavin Cox, Retail Portfolio, Executive Broll Property Services Ltd, Nigeria, noted that with the emerging economic status; favorable demographics- large, young, growing, urbanizing population; opportunities for investment and growth exists in the African retail environment.

One of the panellists, Funke Okubadejo Director Actis, stated that the structure of the economy needs to be diversified. Government relies heavily on oil revenue and have not tapped into other productive sectors of the economy such as retail. The retail sector presents a viable opportunity for youth employment and it behoves on retailers to bring this information to key decision makers in government.

Adeniyi Adeleye; Head, Real Estate Finance, West Africa, Stanbic IBTCthe facilitator of the forum managed the panellist discussion which included various speakers such as Michael Chu’di Ejekam; Retail Investor, OpeyemiAjayi; Executive Vice President, Genesis Deluxe Cinemas, ToluSokenu; Investment principal Actis, Eddie Mcdonald, Chief Executive Officer Resilient Africa, Kofi Abunu, Chief Development Officer, Food Concepts Ltd-Chicken Republic, Obi Nwogogu; Principal, Africa Capital Alliance, amongst others.

Panel discussions centred on Retail in Nigeria, the opportunity for retail development, the next generation of retail malls and sustainability in secondary markets.Some of the discussions generated pointed out that the future of the retail industry lies in the development of the formal retail market outside prime locations in core cities.

Eddie Mcdonald, chief executive officer, Resilient Africa opined that there is a future in the secondary market which can be achieved with focus on smaller malls and local retailers.

The one-day event focused on the emerging trends in the intersection of the dynamic interplay of developers, retailers and financers in running their operations in a symbiotic model that results in a win-win situation for every party.

Broll Property Services Ltd., Nigeria was established in 2004 to provide all inclusive property services to various sectors of the Nigerian economy.

Like its parent company, Broll Nigeria offers the full bouquet of property-related services which includescommercial broking, corporate real estate services, facilities management, industrial and investment broking, property and project management, retail leasing and consulting, research, residential estate management and shopping centre management.

The Broll Group is Africa´s leading commercial property services group with offices throughout South Africa and a growing number of African countries including Nigeria, Ghana, Malawi, Kenya, Rwanda, Mauritius, Tanzania, Zambia and Namibia.

The Group’s affiliation with international partner CBRE (the world’s largest provider of real estate services to the commercial, industrial, retail and investment markets) ensures that an unrivalled mix of global market knowledge and technical expertise is brought to bear with the sole purpose of maximising the potential of property, wherever that property is.

 

 


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Elumelu Tags Elon Musk, Disowns AI-Generated Scam Video

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Tony Elumelu, Nigerian businessman and philanthropist, has warned about the growing dangers of artificial intelligence misuse after an AI-generated video falsely showed him promoting a forex and cryptocurrency trading platform.

Elumelu Tags Elon Musk, Disowns AI-Generated Scam Video

Tony Elumelu,

The founder of Tony Elumelu Foundation revealed this in a post on his X account on Monday, explaining that the video appeared highly convincing but was entirely fabricated.

In the post, he also tagged Elon Musk, X owner, and Nigeria’s Federal Ministry of Communications, Innovation and Digital Economy while calling for stronger safeguards against the misuse of artificial intelligence.

“A few days ago, my team flagged an AI-generated video of me endorsing a forex and crypto platform.

“It looked and sounded remarkably real, but it was completely fake. This incident highlights a growing and serious threat to digital trust,” he wrote.

He stressed that he has no affiliation with any cryptocurrency or foreign exchange trading platforms.

“For the avoidance of doubt, I am not associated with any crypto or forex trading platforms.

“My commitment to inclusive prosperity has always been through long-term investments, building sustainable businesses, and empowering entrepreneurs,” he said.

While acknowledging the transformative potential of artificial intelligence, Elumelu urged African youths to embrace the technology responsibly and use it to develop scalable solutions.

“I strongly believe in the potential of AI. It is a defining technology of our time, and African youth must be at the forefront of adopting it to build scalable solutions. We cannot afford to be left behind in the global tech race,” he added.

The business leader, however, warned that rapid technological advancement also presents risks if not properly regulated.

“But the flip side of rapid innovation is the risk of abuse. The ease with which identities can now be cloned to deceive the public is alarming.

“Policymakers and regulators must act now to establish safeguards and hold those using it to scam innocent people accountable,” he said.

Elumelu also urged the public to remain vigilant and protect themselves from digital fraud.

“We must create a safe digital environment where true innovation can thrive without being overshadowed by fraud. Protect your hard-earned money, stay alert, and let us continue to build the Africa we deserve,” he said.

 


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NITDA DG Appraised the Role of Teachers as Key to Nigeria’s Digital Transformation

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By Solomon Yaji

Kashifu Inuwa, the Director-General of the National Information Technology Development Agency (NITDA), has emphasised the critical role teachers play in driving Nigeria’s digital transformation, noting that classrooms will be central to shaping the country’s technology-driven future.

Inuwa made the remark during a stakeholders’ dialogue organised by the Development of Educational Action Network Initiative (DEAN) in Abuja.

Speaking on the theme “Nigeria’s Current Digital Landscape: Our Reality and Its Practical Connection to Education,” the NITDA DG, who was represented by the agency’s Director of Stakeholder Management and Partnerships, Dr. Aristotle Onumo, said the rapid expansion of the digital economy is reshaping the education sector and redefining the role of teachers in modern learning environments.

He explained that while digital technologies have created unprecedented access to information and opportunities for students, they also present challenges that require guidance and responsible use.

According to him, teachers must go beyond the traditional role of knowledge transmission to become mentors who help students navigate the digital world safely and responsibly.

“Teachers are no longer just instructors; they are now guides who help students identify credible information, avoid harmful online content, and develop responsible digital behaviour,” he said.

Inuwa added that educators must cultivate critical thinking among students while equipping them with the skills needed to thrive in an increasingly technology-driven society.

He reaffirmed NITDA’s commitment to advancing digital literacy nationwide through initiatives such as the Digital Literacy for All programme and partnerships with educational institutions aimed at strengthening teachers’ digital capacity.

The NITDA boss stressed that empowering teachers with digital skills is vital to preparing Nigerian students for the future workforce and ensuring the country remains competitive in the global digital economy.

Nigeria is currently pursuing an ambitious digital literacy agenda, targeting 70 per cent digital literacy by 2027 as part of broader efforts to build a knowledge-driven economy powered by innovation and technology.

Earlier in his remarks, the Executive Director of DEAN Initiative, Semiye Michael, said the workshop was designed to re-engineer teachers’ capacity in line with the realities of the digital economy.

“We need to strengthen teachers’ competence and provide them with access to the necessary digital infrastructure,” Michael said, adding that the engagement would help shape policies that support technology-driven learning in Nigerian schools.

He described the workshop as an “awesome experience,” noting that ideas generated during the session would be consolidated into a policy guide for the ministry and other relevant agencies.

Michael further noted that strengthening teachers’ digital capacity would be vital to enhancing Nigeria’s competitiveness in the global knowledge economy.

The event attracted key stakeholders from the Federal Ministry of Education, Nigerian Communications Satellite Limited (NIGCOMSAT), as well as private sector experts.


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Amnesty Poll: 97% of Nigerians Doubt Judicial Independence

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A new Amnesty International poll exposes stark public distrust in Nigeria’s judiciary, with nearly 97% of respondents believing judges face external influence and lack independence in their duties.

Amnesty Poll: 97% of Nigerians Doubt Judicial Independence

Amnesty International

Shared on social media by Amnesty International Nigeria, the poll asked if Nigerian judges operate freely. An overwhelming majority answered “No,” with only a tiny fraction expressing confidence amid fears of pressure from political actors or powerful interests.

Judicial independence underpins democratic governance, enabling impartial rulings based on law alone. In Nigeria, doubts have intensified after controversial decisions in high-stakes political cases.

While not a scientific survey, the findings echo civil society demands for reforms to boost transparency, accountability, and trust. Advocates stress that bolstering court autonomy is vital for upholding the rule of law and citizens’ rights nationwide.


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