News
Chamber Seeks Rescue Plan to Stem Massive Job Losses

Lagos Chamber of Commerce and Industry (LCCI) has called for an urgent rescue plan to save the hospitality sector as there is a risk of massive job losses.

Dr Muda Yusuf, director-general, LCCI, urged the government to focus on mainstreaming the sector into the Economic Sustainability Plan (ESP) to prevent shocks of the pandemic from crippling it.
Yusuf emphasised the need for specific intervention measures for the sector as done for others affected by the shocks of the pandemic.
He said that the hospitality business in Nigeria was one of the most dynamic, innovative and fast-growing sectors of the economy before the shock of the pandemic.
“It is a labour intensive sector and therefore has employment elasticity.
“The shocks inflicted on the sector by the COVID-19 pandemic and the associated containment measures have been most devastating on the sector.
“There is also the collateral adverse impact on thousands of small businesses that are dependent on the hospitality business as suppliers or service providers.
“Poultry and fish farmers, for instance, have lamented the impact of the downturn of the hospitality business on their sales and profitability.
“The hospitality sector and restaurants are the biggest offtakers of the poultry and fish products in the economy,” he said.
According to him, the food and beverages sector experience similar fate.
“The breweries and bottling companies have suffered a major hit as a result of the stumbling fortunes in the hospitality business.
“The sector is one with diverse linkages across many sectors of the economy, which explains the secondary transmission of the shocks to many other segments of the economy.
“The value of the hospitality sector in Nigeria was estimated at N1.4 trillion as at 2019.
“Hundreds of thousands of jobs are currently at risk if an urgent rescue plan is not put in place for the sector, as this is not a sector that should be allowed to go under,” he said.
The director-general proposed that the measures outlined for the revival of the aviation sector and more should be replicated for the hospitality industry.
According to him, both sectors are closely related, complementary and interdependent.
“What currently exists in the ESP is only a passing mention of the sector with no prescribed specific measures and budget,” he said.
Yusuf recommended measures to engender sustainability of the sector to include provision of single digit soft loans, with long term repayment plan.
He also advocated grant support, including payroll support, to the hospitality industry and related services.
Others are creation of opportunities for restructuring of existing facilities with commercial banks and concessions on interest payments.
Yusuf called for deferred payment of taxes and filing dates and one-year waiver of Land Use Charge and Lagos State Signage and Advertisement Agency(LASAA) Advertisement Rates [Applicable to Lagos State].
“Also, we recommend one year waiver for hotel renewal fees and other state levies and fees for hotels and resorts, one-year waiver of Local Government fees and permits,” he said.
The LCCI chief said there should be a clear mandate to the Federal Ministry of Tourism and its state counterparts to ensure the realisation of the deliverables.
“It is in the interest of the economy for the hospitality industry to be supported by the federal and state governments to recover from the devastating shocks inflicted by the COVID-19 pandemic and the associated containment measures,” he said.
News
NITDA Supports CAC AI Driven Transformation

By Oluwole Alao
Kashifu Inuwa CCIE, the Director General of the National Information Technology Development Agency (NITDA), has pledged the Agency’s full support for the Corporate Affairs Commission’s (CAC) artificial intelligence–driven transformation as the Commission marked its 35th anniversary in Abuja.

Delivering a goodwill message at the celebration, which was held at the Ladi Kwali hall of the Abuja Continental Hotel, Inuwa commended CAC for its uncommon consistency and resilience, noting that while many organisations rise and fall after initial success, CAC has continued on a steady growth trajectory.
“We know organisations go up and come down, but some will keep thriving, thriving, and thriving, and today, this is what we are witnessing for CAC,” he said.
Reflecting on his early engagement with the Commission, the NITDA boss recalled that the Registrar General made organisational transformation a priority from the very start of his leadership, particularly in embracing digital innovation.
According to Inuwa, the current era demands more than basic digitisation, stressing that meaningful transformation can only be achieved through the integration of artificial intelligence into core operations.
“We are in the AI era, and the only way to transform today is to embrace and integrate AI into your operations. This is exactly what the Registrar General is doing,” he stated.
He assured CAC of NITDA’s commitment to working closely with the Commission to embed AI across its numerous processes, explaining that the technology would infuse intelligence into workflows, simplify company registration and business management, and strengthen cybersecurity.
“We will make sure you integrate AI into CAC processes. With AI, it will infuse intelligence in everything you do and make things easy for Nigerians to register companies and manage businesses,” Inuwa averred.
The NITDA DG added that deploying advanced AI tools would help CAC staff stay ahead of fraudsters and curb hacking and fraudulent alterations of company records, while also safeguarding the system through responsible deployment.
“At NITDA, we will make sure you deploy ethical and responsible AI in your operations, with the right guardrails in place,” he assured.
He further described CAC’s digital reforms as bold and impactful, noting that the Commission has reduced company registration timelines from several months to as little as 24 hours. He added that further integration of AI would enhance name search and reservation, automate filings, improve corporate governance, and significantly reduce fraud.
He also highlighted NITDA’s ongoing role in reviewing CAC’s digital and AI transformation roadmaps, providing guidelines, standards, training support, and safeguards to ensure sustainable, people-centred, and secure digital services.
The NITDA DG congratulated CAC management, staff, and members of the National Assembly for their support, expressing confidence that the partnership would further strengthen Nigeria’s digital business environment in the years ahead.
News
U.S. Slams Nigerians: Overstays Jeopardize All Visas

The United States has warned Nigerians that overstaying their visas could jeopardise travel opportunities for other citizens seeking to visit the US for education, business, or family purposes.

The warning came amid ongoing immigration crackdowns and tighter travel restrictions under the administration of President Donald Trump.
In a statement posted on X on Monday, Feb. 9, the U.S. Mission in Nigeria stressed that compliance with visa rules is essential to protecting access for Nigerians who travel responsibly.
“Visa overstays by Nigerian travellers can affect opportunities for their fellow citizens,” the Mission said. “Strengthening compliance helps protect access for students, business travellers and families who travel responsibly.”
The Mission also urged Nigerians to report cases of visa fraud to [email protected] or [email protected]
News
CAC Pushes Single National Register to Curb Corruption Loopholes

Nigeria’s Corporate Affairs Commission (CAC) has urged creation of a unified national beneficial ownership register to bolster anti-corruption efforts and corporate transparency.

CAC
CAC Registrar-General highlighted how fragmented sectoral registers breed duplication, inconsistencies, and regulatory gaps during the Commission’s 35th anniversary Anti-Corruption Day in Abuja.
ICPC Chairman Dr. Musa Aliyu, via representative Demola Bakare, praised CAC’s role in fostering accountable business environments that drive sustainable growth.
Global evidence links transparent institutions to stronger economies, with clear rules, accessible data, and open operations as key pillars.
CAC’s oversight on company registration, disclosure, and compliance directly builds investor trust and national integrity, closing avenues for illicit financial flows.
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