News
#MTNF@10: Fashola Advocates Flexible Regulations for CSR

Mr. Babatunde Fashola, immediate past Governor of Lagos State, has described Corporate Social Responsibility (CSR) in its purest sense as business and entrepreneurship with a conscience hence there should not be coercive regulations.
Fashola, who spoke in Lagos at the 10th Anniversary of MTN Foundation, said for corporate social responsibility (CSR) activities to retain its concept as a voluntary contribution to better society, it must be allowed to flow from the conscience and conviction of such corporate organizations.
According to Fashola, seen from this perspective, no attempt by any government in the country should be made to compel by law acts of corporate social responsibility because such compulsion would erase the line of distinction between Governmental responsibility for social services and the voluntary intervention of companies who act as a matter of conscience and conviction for the common good.
The former Governor, who spoke on the topic, “The Role of CSR in Nigeria’s Sustainable Development”, however, advocated some form of regulation and standards, but which, according to him, “should be a matter for the corporate community, using platforms like the established Chambers of Commerce or Associations of Manufactures who can draw up a charter of ethics”.
Such regulations, the former State Chief Executive said, “must be competitive and scored for public consumption and information so that companies are ranked, evaluated and penalized according to their compliance but there must be no discrimination or penalty for the companies that do not do CSR because it is voluntary.”
Arguing against the use of CSR to cover up wrongdoings or unethical practices in a host community, Fashola, who insisted that “corporations must be just before they can be generous”, declared, “If your operations pollute the environment, harms citizens, dis-empowers your employees or their families, no amount of profit devoted to CSR from such unjust, unethical or harmful operations can assuage the deep ethical questions raised by such non-salutary conduct”.
He warned, “The CEO, management and owners (shareholders) of every corporation that seeks to undertake CSR must pay as much attention to their CSR motives and activities as they do to their balance sheets”, adding that they must answer such questions as whether, for example, they are running a financial institution that abuse the dignity of womenfolk by using them to mobilize deposits and setting unreasonable targets for them.
“Are they operating a telecoms company whose network is still carrying unregistered subscribers who remain anonymous and threaten our national security? Are they employers who do not give enough paid leave to nursing mothers and therefore undermine our National exclusive breastfeeding policy? Will our nation be better served by the profits saved from such practices or by breeding a healthier generation of Nigerians who are breast fed by nursing mothers who get 6 months paid leave?”,he asked.
Other questions which corporate organizations should answer while engaging in CSR, Fashola said, include whether or not they are employers who deduct PAYE from their employees but fail to remit it, oil sector operators whose activities pollute the waters and destroy the ecological life of the community they operate in or managers of airlines which never keep to schedule or operate substandard aircraft.
Urging shareholders of corporate organizations to raise such questions at AGMs and set compliance levels periodically, the former Governor, who said there are many more such questions that relate to other sectors, added, “It seems to me that such practices in themselves undermine national development and no amount of CSR can replace it”.
“Therefore, the operational actions of corporations must first contribute to development before CSR can help to sustain it”, he said adding, “There is a deep moral issue embedded in CSR. Every CEO must seek to find it, redefine it, improve on it and set even higher standards”.
According to the former Lagos State helmsman, “Corporate Social Responsibility is more than charity. In its purest form, it is business and entrepreneurship with a conscience. In this way, Corporate Social Responsibility will greatly assist in Nigeria’s quest for sustainable development”.
Quoting copiously from his past speeches on the same subject, Fashola noted that CSR entailed an organization considering the interests of society by taking responsibility for the impact of its activities on customers, suppliers, employees, shareholders, communities and other stakeholders, as well as the environment.
Fashola maintained that to be considered effective, corporate social responsibility “must be an integrated part of day-to-day business, engaging all stakeholders and including strategies to support individual managers to make socially responsible decisions, conform to ethical behaviour and obey the law.”
The former Governor, who noted that CSR meant different things to different people, however, urged organizations to key into the concept and spirit of the practice adding, “Society as a whole will fully appreciate it and this will greatly improve our environment for all our benefit. Furthermore, this will encourage all of us to participate in the much needed improvement of our nation”.
He argued that good CSR policy should compel businesses to comply with the letter and spirit of the law, to adopt fair trading practices, and generally to maintain high ethical standards in their relationships with shareholders and the general public in accordance with accepted norms.
“For every corporate organisation, CSR should be an in-built mechanism that moderates business practices and shuts out the notion of profits at all costs”, Fashola said adding, “Indeed, I believe that any Chief Executive of a business who intends to prosper must pay the same if not a higher level of attention to its CSR compliance as he does to the company’s balance”.
The former Governor had drawn from the various CSR initiatives of MTN in Lagos State under his stewardship to buttress the place of ethics in corporate support.
“Let me start by asking whether anybody thinks that MTN’s operational activity as a phone company has adversely affected the vocational and technical skills and development of our youth in Lagos.
“I ask this question because I know that the MTN Foundation singlehandedly equipped a laboratory with vocational and technical equipment for the training of our young children in our technical college in Ikorodu and I know that Nigerite also set up a training school in the same college to train young people in modern roofing techniques,” he said.
Continuing, Fashola cited several other CSR initiatives of MTN Foundation. “Let me again ask if anybody can fairly allege or demonstrate that MTN’s operational activity is linked to increasing cases of Kidney diseases because I know that MTN Foundation intervened in collaboration with us to provide 2 Haemodialysis machines in our General Hospital in Igando, Alimosho, although we have since completed the Gbagada Cardiac and Kidney centre that now has 24 dialysis machines.
“Of course I will also ask if anybody can assert that MTN’s operational activity was responsible for the past neglect of public school infrastructure, because over 7 years, I know that MTN foundation was a major partner and donor to our ‘Adopt a School’ policy by which we got many individuals and corporates to partner with us to revamp the quality of our public schools.”
According to the former Lagos State helmsman MTN’s operational activity could also not be responsible for the absence of emergency telephone lines on our highways because, “I know that MTN foundation worked with our Government to install free emergency phones on the 3rd Mainland Bridge which was eventually unsuccessful because the phones were vandalized.”
Fashola urged the company to continue in its path of CSR in accordance with its mission to be the best, which, according to him are the “underpinning philosophies of MTN as a Telecommunications company”, adding, “Dr. Dozie provides clarity of vision and purpose behind the MTN foundation, which is the CSR platform of the MTN business”.
News
UK Appoints Peter Vowles as British High Commissioner to Nigeria

The UK Government has announced the appointment of Mr Peter Vowles as the next British High Commissioner to the Federal Republic of Nigeria.

Mr Vowles succeeds Dr Richard Montgomery CMG and is expected to take up his post in Abuja in September 2026. Dr Montgomery remains in post until that time.
Mr Vowles brings extensive diplomatic and development experience to the role, having served as His Majesty’s Ambassador to Zimbabwe from 2023 to 2026 and previously as Ambassador to Myanmar from 2021 to 2022.
He has held senior leadership positions across the FCDO and its predecessor department DFID, including as Transformation Director and Director for Asia, Caribbean and Overseas Territories.
Earlier in his career, Mr Vowles worked in international development across South Asia, Central Africa and East Africa, including postings in Bangladesh, India, the Democratic Republic of Congo and Kenya. He began his career in Zimbabwe, where he worked in education and development.
Peter Vowles said: “I am honoured to be appointed as British High Commissioner to Nigeria. Nigeria is a country of immense importance to the United Kingdom, and I look forward to working closely with Nigerian partners to strengthen our relationship across trade, development and security.”
News
Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

World Bank has ranked the Apapa and Tin Can Island Port complexes in Lagos among the world’s 20 most improved ports in its 2025 Container Port Performance Index (CPPI), released in June 2026.

The ranking places both ports in the “Top 20 Port Improvement Since 2020” category, reflecting significant gains in operational efficiency and vessel turnaround time.
The CPPI is a global benchmark used to assess the efficiency of container ports based on factors such as cargo handling speed, ship turnaround time and overall logistics performance.
According to the report, the improvement highlights ongoing reforms and modernization efforts within Nigeria’s maritime sector.
The Managing Director of the Nigerian Ports Authority (NPA), Mr Abubakar Dantsoho, attributed the recognition to ongoing policy reforms and infrastructure upgrades in the sector.
He said the development reflects the impact of economic policies of President Bola Tinubu and the support of the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola.
“With the investor-friendly policies of President Bola Ahmed Tinubu providing the impetus for increased investment to drive our port infrastructure and equipment modernisation programme, coupled with the unflinching support of the Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola, we have all it takes to further enhance trade facilitation, improve competitiveness and boost the national economy,” he said.
The NPA said the recognition is expected to strengthen investor confidence in Nigeria’s maritime sector and enhance the country’s position as a regional trade and logistics hub.
It noted that improvements in port operations are already contributing to increased efficiency in cargo movement and reduced delays at key terminals.
The authority also pointed to ongoing efforts to modernise port infrastructure and expand digital systems aimed at improving service delivery.
Earlier in February 2026, the NPA said the federal government had intensified efforts to position Nigeria as a leading maritime destination through port rehabilitation and modernization projects.
It also highlighted public-private partnership initiatives, including developments at the Lekki Deep Sea Port, as part of broader reforms aimed at improving efficiency and attracting investment.
The CPPI ranking is expected to further boost Nigeria’s maritime profile and encourage additional investment in the sector.
News
PalmPay Joins Industry Leaders @ Digital Pay Expo 2026

As digital payment adoption continues to grow across Nigeria and emerging markets, the next phase will depend not just on innovation, but on the strength, reliability, and trustworthiness of the infrastructure behind it.

While the ecosystem has made clear progress in recent years, trust remains a critical issue for users, businesses, and operators alike. Questions around resilience, security, interoperability and transaction reliability continue to shape how the market evolves and how confidently digital payments can scale.
These issues will be central to the deliberations at Digital Pay Expo 2026, where fintech leaders, payment operators, and other ecosystem stakeholders will gather under the theme, “Seamless Digital: Fostering Pan-African Market Expansion in the Era of AI.”
PalmPay’s participation reflects its continued commitment to building trusted and scalable payment infrastructure, while contributing to the broader industry efforts to strengthen systems, standards, and partnerships needed to support long-term ecosystem growth.
Speaking ahead of the event, Olorunfemi Hanson, Head of Marketing and Communications at PalmPay Nigeria, said: “As the financial services ecosystem continues to grow, trust and reliability become even more important.
“The industry’s next phase will be shaped not only by innovation, but by the strength of the infrastructure supporting it. Digital Pay Expo provides an important platform to address the resilience, interoperability, and trust issues that will shape the future of digital payments growth across Africa.”
The event, scheduled to be held from the 17th to the 18th of June, 2026, will feature Chika Nwosu, Managing Director of PalmPay Nigeria, alongside other distinguished guests, including the Director-General, Payment System Management Department (PSMD), Central Bank of Nigeria. The event will examine how the industry can balance innovation, regulation, and scalability while strengthening trust across the digital payments value chain.
For PalmPay, this event reinforces its role in supporting a more resilient, secure and scalable payments ecosystem for Nigeria and emerging markets more broadly.
E-Financial3 days agoFG Issues Transition Guidelines for Tax Acts 2025
E-Financial2 days agoHow Fraudsters Stole N134Bn from Banks, Customers in 6 Years – CBN
Telecom3 days agoTelecom Regulator, NCC, Digital Encode, AfriGoPay Support eBusinesslife Girls In ICT Campaign
Telecom3 days agoMobile Technologies Boost Africa’s Economy by $240B in 2025, Commences a New Phase of Digital Transformation
General News2 days agoPolice Uncovers N7.7Bn Telecom Data Fraud Syndicate, Recovers Assets Worth Millions
Telecom2 days agoTikTok, ICC Gather Nigeria’s Entrepreneurs to Drive Small Business Growth and Digital Transformation
E-Business2 days agoPayaza Launches AI-powered Storefront Platform to Drive Cross-border Commerce
E-Financial3 days agoFidelity Bank Empowers 1,950 Residents in Anambra, Distributes Machines, Cash Grants, School Support Items












