General News
Systematic Reopening of the Nigerian Economy by the PTF

By Chido Nwakanma
Eight months later, the arteries of the economy are pumping once again. Airports have reopened, bringing in 5,000 to 7,000 passengers daily. Schools have resumed, as have formal and informal markets. Machines are humming again in hitherto shut factories.

The full reopening of the economy after months of a lockdown that required careful management and phasing to reopen has brought relief. Nigerians are eager to get on with their lives. For the managers of the system, it was a delicate balancing act between health and economics. At times, it was akin to the famed chicken and egg scenario.
Caution governed the Presidential Task Force on COVID-19 in the management of the closing and opening of the Nigerian economy in the wake of the global pandemic. It has involved monitoring of local incident statistics and case numbers, international comparison, and trend analysis. It has been sequential and systematic and, importantly, data driven.
Many factors inform this extra caution. COVID-19 came into our shores through a visiting Italian businessman. It came against the backdrop of well-founded fears that Nigeria and other African countries could not cope with any widespread infection. Experts are currently trying to unravel how and why Africa escaped the feared doom.
Across the country, citizens now move freely to do their businesses. It was not so beginning 29 March 2020 when the PTF led the health authorities to announce the first lockdown.
It lasted 14 days during which the country banned interstate movements and imposed a curfew on Lagos and Ogun States as well as the Federal Capital Territory (FCT). The Federal Government ordered the full closure of all land borders and banned all large gatherings.
The ban on large gatherings affected many sectors of the economy from entertainment to religion and others in-between. Schools shut down with the more technically proficient turning to online lessons. Cinemas, restaurants, event centres and stadia all shut down.
The clampdown affected Lagos and Abuja the most for the simple reason that they had the most significant number of infections. Lagos has remained an epicentre of the incidence and spread of COVID19.
PTF then followed with two other shutdowns of less severity. At each stage, it eased the measures for each shutdown in line with what the figures and trends stated. For instance, while Europe and America are currently in the throes of a second round of the COVID-19, Nigeria’s incident numbers have remained low.
Health authorities in Nigeria worry about returnees for the Christmas period importing new cases into the country and the disregard of counsel on best practices to prevent infection by citizens in many cities across the country.
Opening of the economy followed even more caution and recommendations in the thematic areas the PTF established as a guide. These are movement, industry, labour, and community activities. Schools reopened, followed by the NYSC Orientation Camps. It was a significant test of its caution on mass gatherings.
As such, it followed the template of care and caution. Officials went round the states to certify the camps COVID-19 compliant. They then established COVID-19 testing facilities in each of the centres as well as the management of possible cases. It then lifted restrictions on outdoor sporting activities, including football, in consultation with the Ministry of Sports and Youth Development.
In recent times, PTF has increased the volume of its messaging on prevention practices. They include mandatory wearing of face masks in public settings, hand washing and sanitising routines, observing social distances of at least two metres between persons and limitations to the size of gatherings. No more than 20 people can stay together.
The PTF has since relaxed the restrictions on worship places. Worship places were a particular concern because of sensitivities around religion, but the intervention agency walked the tightrope skilfully.
Which comes first? The right to earn a living or the opportunity to stay alive in the first place?. Many a citizen fretted about the denial of the right to work, worship and gather during the restrictions.
Even in those periods, PTF allowed a window for the operations of banks, graduated opening of markets and shopping centres while exempting agricultural produce, petroleum products, manufactured goods, and essential services from the restrictions on movements. Logistics plays a central role in the chain of goods and services in the country.
With the international gateways now re-opened in select airports, Nigeria’s mandatory dual tests for incoming travellers is one of the strictest in the world.
Courtesy of the PTF, the Nigerian Centre for Disease Control (NCDC) and the Federal Ministry of Health, persons arriving Nigeria via the airport gateways must do a COVID-19 CPR test five days before boarding their flight. They then do a confirmation test in Nigeria on Day 7 after arrival.
The test represents one of the mitigation measures Nigeria has implemented to checkmate the spread (and importation) of COVID-19. Additionally, a recent travel advisory by NCDC has urged international travelers to suspend holiday plans to Nigeria unless deemed essential.
Even so, records on 2 December 2020 showed Nigeria had 67, 960 cases of COVID-19. Deaths stood at 1,177 persons. Hospitals had discharged 63,839 COVID survivors. By that date, Nigeria had done 779,708 tests.
The PTF has gradually unsealed the taps to allow the full blossoming of the economy. National Coordinator Dr Aliyu and the Chairman and Secretary to the Government of the Federation Mr Boss Mustapha continue to tread with caution even as they open up more and more of the economy.
General News
LG Electronics Celebrates Women Who Power Progress @ 2026 Women’s Month Event

LG Electronics has reinforced its commitment to gender inclusion and women’s empowerment with the successful hosting of its 2026 Women’s Month event, themed “Women Who Power Progress,” at its Lagos office.

The event brought together accomplished women from diverse industries for a thought‑provoking panel discussion that explored their personal journeys, career-defining moments, and the inspiration behind their success in traditionally male-dominated and highly competitive fields.
The distinguished panel featured award‑winning filmmaker Mrs. Biodun Stephen, Mechanical Engineer Engr. Adeola A. Adeleke, Interior Design Leader Dr. Jennifer Chukwujekwe, and MEP Engineer Engr. Moyosore Onabolu. The session was expertly moderated by actress and entrepreneur Blessing Obasi‑Nze, who guided candid conversations around ambition, resilience, and purpose.
Throughout the discussion, panelists shared compelling stories of perseverance, the challenges they overcame, and the values that shaped their professional paths. They also offered practical advice to women navigating their careers, emphasizing the importance of resilience, continuous learning, self-belief, and mentorship as key drivers of long-term success.
A major highlight of the event was the keynote address delivered by Engr. Dr. Funmilade Akingbagbohun, the first female National Chairman of the Nigerian Institution of Mechanical Engineers (NIMechE), Mechanical Engineer, and STEM Advocate. Her keynote address tagged “Women Building, Fixing, Innovating, and Powering the Future of Technology,” delivered a compelling call to action for women, organisations, and society at large.
“Women are building, fixing, innovating, and powering the future of technology. As we mark International Women’s Day, my call to action is simple but urgent: rise, build, break barriers, and lift others along the way,” she said.
“To organisations like LG Electronics, continue to foster inclusive environments where women can thrive, lead, and innovate. To every woman here, be bold, pursue excellence, and never underestimate your potential. To the next generation, embrace STEM careers with confidence and courage. And to all of us, support one another because success is more meaningful when it is shared.”
“While we celebrate progress, we must acknowledge the challenges that still exist, from gender stereotypes and underrepresentation in leadership to the pressure of balancing multiple roles. Yet today’s woman is competent, resilient, and visionary. We are no longer waiting for opportunities; we are creating them, claiming them, and excelling in them. When women rise, organisations grow, and society progresses. There is no limit to what we, as women, can accomplish.”
Speaking at the event, the Managing Director of LG Electronics, Mr. Hyoung Sub Ji, underscored the company’s belief in the transformative power of inclusion.
“At LG Electronics, we believe that empowering women is not just a social responsibility, it is a catalyst for innovation, growth, and sustainable progress. Creating platforms where women’s voices and experiences are celebrated is essential to building a more inclusive future,” he said.
Held in a vibrant and engaging atmosphere, the event also provided a valuable networking platform for attendees to connect, celebrate achievements, and exchange ideas in a relaxed and inspiring environment.
In line with the broader International Women’s Day theme, “Give to Gain,” LG Electronics used the occasion to reaffirm its belief that investing in women strengthens communities, organisations, and society at large.
Through initiatives like “Women Who Power Progress,” LG Electronics continues to champion diversity and inclusion, celebrating women who are not only breaking barriers but actively shaping the future and powering progress across industries.
General News
EFCC Waxes Worriedly over $160Bn Crypto Crime Losses

Economic and Financial Crimes Commission (EFCC) has warned of rising cryptocurrency-related crimes, revealing that illicit digital currency transactions exceeded $160 billion globally in 2025.

Ola Olukoyede, chairman, raised the concern during the inauguration of the United Nations Office on Drugs and Crime Country Programme for Nigeria (2026–2030) in Abuja.
Olukoyede, warned that digital currencies such as Bitcoin are increasingly being exploited by criminal networks to move funds across borders undetected.
According to him, advances in technology, weak regulatory frameworks, and gaps in global financial systems have created fertile ground for cyber-enabled financial crimes.
The anti-graft agency boss stressed that tackling cryptocurrency crime required coordinated national strategies, stronger institutions, and intelligence-driven enforcement.
According to him, the new UNODC programme comes at a critical time when Nigeria and the global community are facing growing threats from organised crime, cybercrime, and illicit financial flows.
Olukoyede described the initiative as a strategic platform to strengthen the rule of law, improve the criminal justice system, and protect citizens from financial and violent crimes.
Musa Aliyu, chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), in his comments, called for stronger inter-agency cooperation.
Aliyu said Nigeria faced interconnected threats, including violent extremism, smuggling, organised crime, and illicit financial flows, warning that no single agency could address them alone.
General News
FG Awards N50m Each to 45 Students under S-VCG

Federal government has awarded N50 million each to 45 students selected from 65 finalists drawn from public and private tertiary institutions nationwide under the Student Venture Capital Grant (S-VCG).

Tunji Alausa, minister of Education, unveiled the initiative at the weekend at the United Nations Development Programme Innovation Hub in Ikoyi, Lagos, describing it as a bold step toward positioning Nigerian youth as drivers of global innovation.
Alausa said the programme marked a significant shift in education policy, aimed at empowering students through innovation, entrepreneurship, and skills development. He noted that the grant offers equity-free funding, mentorship, incubation, and access to digital tools.
He explained that the beneficiaries emerged after a rigorous selection process involving over 30,000 applicants from more than 400 tertiary institutions across the country, culminating in a three-day bootcamp and pitch session before industry experts.
According to the minister, the initiative is designed to transform tertiary institutions into hubs of innovation and economic development, enabling students to move from ideation to commercialisation and become job creators.
“Today is not just another programme event. We are activating a new future for Nigerian students where great ideas are nurtured into impactful solutions,” he said.
Also speaking, Suwaiba Ahmad, minister of State for Education, described student entrepreneurship as a critical national strategy for job creation and economic growth. She emphasised the need for institutions to move beyond theory and support students in translating ideas into viable enterprises.
Similarly, Bosun Tijani, minister of Communications and Digital Economy, commended the initiative, urging beneficiaries to focus on building sustainable and impactful solutions rather than pursuing short-term gains.
He advised students to adopt consistency and long-term thinking, noting that small, sustained efforts could lead to meaningful innovation and societal impact.
In her goodwill message, Elsie Attafuah reaffirmed the commitment of the United Nations to supporting Nigeria’s innovation ecosystem.
She encouraged beneficiaries to refine their ideas, respond to market needs, and contribute meaningfully to national development through innovative solutions.
The minister acknowledged key partners, including the UNDP, Google, and the Bank of Industry, for their support in implementing the initiative and expanding opportunities for young innovators across Nigeria.
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