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I Started as a Camera man.. passed through thick and thin to get to this stage – Planet TV Owner,Wale Akinlabi

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Planet TV is a musical channel on GOTV transmitting to the world from south Africa, a couple of weeks ago an affiliation kicked off in Nigeria transmitting from onward building in oregun, ikeja Lagos. The president of the planet image communications both in south Africa and Nigeria is a young Nigerian that has traveled far wide and especially through every nook and cranny of African continent promoting both Africa and Nigeria culture through selling our musical contents. Sahara weekly had the honor of speaking one on one with Mr Wale Akinlabi a man of vision and focus on how it all began and how it has been so far. Enjoy….

Sw: can we meet you sir?

Wale Akinlabi: my name is wale akinlabi the president of planet image communications,the owner of  planet TV on GoTV channel 37 and good morning africa on africa magic

Sw: kindly tell us your background

WA:I hail from oyo alafin in oyo state and happens to be the first child in a family of seven. I studied theater arts from lagos state university,bachelor of arts(BA)visual & performing arts, I’m married with 2 beautiful kids from the most beautiful woman(smiles)

Sw: Recently you unveiled planet T.V a music channel on cable network in nigeria apart from the planet TV in south Africa,kindly tell us how and when planet TV started?

WA: Planet TV actually originated from Nigeria. I started the company  in 1990 but as a one man business there was not much to write home about . So in year 2000 after resigning my appointment from where I was working I went into full operation.

Sw: As at that time were you still in Nigeria?

WA: I relocated to south africa in 2004,the beginning in south Africa was also not rosy. I was just there with nothing but just hoping for the best,in 2008 things started improving and I got planet image registered

Sw: earlier you talked about resigning your appointment to fully concentrating on planet TV from which company did you resign?

WA: I was working with Audio visual first( AVF) who actually owns this facility before resigning in year 2000

Sw: For you to set up planet TV in south Africa you must have recorded a huge success?

WA: (smiles) we still can not deny the fact that planet TV has come of age inspite of the fact that we still target the sky as our limit

SW: what makes planet TV different from the others ?

WA: we strive to stand ahead of others in our programming, we target both the youth and the matured audience and try to balance the two. As for our picture quality, we broadcast with HD and also transmit with the most powerful and effective transmitting machine from South Africa which is the latest technology  in terms ot transmission, we are only the only one using it in Nigeria while all others make do with satellite dish which is not always reliable, when it rains the signal becomes unstable.

Sw: that is quite wonderful!!!

WA: that is not all,we are the first cable TV channel with live interaction,so we could feel the pulse of our viewers and give it instant attention,they tell us what music to play and we put it on their screen immediately …

SW: what prompted the decision to have a live interactions while others are not so inclined….

WA: like every other youth, everybody has a vision but the way we actualise our dreams is what brings about the difference, it depends on how individual go by it. Another point of note is the fact that we all have dreams but not all are given the grace to actualise our dreams. All in all I give glory to God for making my dreams come to life.

SW: life is not always a bed of roses, along the line the road must have been rough and bumpy, what are the challenges?

WA: it has not been an easy journey all through. I passed through thick and thin to get to this stage . Like I told you earlier,1990 till 2000 when I resigned at my working place to fully concentrate on my own project,I was not getting anything but only sacrificing time, energy and capital,the situation continued till we left Nigeria’s shore in 2004

SW: once in south Africa,things turned around for good?

WA: Not immediately ,the first few years in south Africa was full of unrewarding efforts making it the same old story, it was self determination coupled with patience and lot of sacrifice that saw us through and we had an upturn in the business. My brother the challenges were tough and discouraging but above all I give all the glory to God for where we are today..

Sw: let’s get on how you found your self in the media world,was it a dream or somehow accidental?

WA: I actually started from the scratch. Its a long story but I’ll take time to tell you to the barest details

SW: Go on,I’m all ear sir?

WA: (sigh) I passed through all aspects of production
,Started as a cameraman, I later moved to Galaxy TV owned by Steeve OJO, I was working as an editor,I was one of the first set of people that built  and developed galaxy tv in ibadan, I trained virtually all the editors and also doing the broadcast. One thing I can say about steeve ojo is the fact that he would not tolerate half measure . He made me work hard and every body said he was using me but the fact remains that I was building myself morally,physically and technically. He employed me as an editor but made me understand professional camera handling. We rotate different departments,it was him that turned me into an animator, my dexterity on it with time made all my friends call me animation,it became my nick name .

SW: so you moved from minor camera operation to editing and from there to animation?

WA: you are right,it was when I moved to AVF that I became content producer

Sw: Hmmm Jack of all trades- (cuts in)

WA: master of all (General laughter) so imagine you going through all these processes,knowing almost everything in all facets of it. Setting up  your own company will no doubt be an easy thing.

Sw: so in one word experience has really worked positively for you ?

WA: exactly after knowing all the rudiments of each departments nothing should stop one from reaching the sky. When I started the planet TV because I could do everything I made myself the capital. I would do the capital work and later edit the stuff, after editing I would send the content  to where I want it to go . It was really a humble beginning.

SW: Planet TV having been on GoTV for couple of years what positive impact have you made on Africa magic?

WA: I myself have made positive impact that would linger on for quite a long time. Good morning africa which is totally one of the best breakfast show in the continent of africa is my brain child ,it started in 2009 in south africa . After watching africa magic for a long time,I conceptualized the program and started selling the content for africa magic…

SW: ok ,that was when you started selling content for them ?

WA: Nooo…I started selling content for them in 2004,before the good morning africa, I was commission to get contents for them so I started producing small small contents like the ”star zone featuring Nigerian stars on their channel, growing time, weekend plus,home trend,chillers,design & life style , design & automobile and so on …

SW: that is quite a lot sir but before I go, to every hard working and commitment there must be one or two benefits or let me say reward, have you ever been awarded before ?

WA: we give all Glory to God!to God be the glory I have been awarded the following accolades!!(1) Best television producer with the most african content 2012 by african achievers award at kings college united kingdom,  (2)media excellence 2011by leaders voice magazine south africa,(3)entrepreneur of the year 2011 by Applause magazine united kingdom,(4) Heritage award 2014, excellence media practice & profound commitment to success 2014 by supreme magazine. And by the grace Of God more are still coming our ways…

SW: Whao!!! what an achievement! So at this juncture sir what would you tell those who aspire to become a TV channel owner like you?

WA: patience,endurance and sacrifice because it can never be an instant success,it takes a whole lot of time. But with God All things are possible

SW: thank you very much sir for your quality time….

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Deadline of Compliance: Nigeria’s Urgent Call for Tax Return Filing

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Deadline of Compliance: Nigeria’s Urgent Call for Tax Return Filing

By George Omagbemi Sylvester | Published by SaharaWeeklyNG.com

“Shift or Structural Demand? A Declaration of Civic Duty in a Nation at a Fiscal Crossroads.”

In the unfolding narrative of national development and economic reform, few instruments are as defining as tax compliance. For Nigeria, a nation perpetually grappling with revenue shortfalls, structural dependency on a single export commodity, and entrenched informal economic behaviour, the Federal Government’s recent clarification on tax return deadlines is not mere bureaucratic noise. It is a deliberate and inescapable declaration: the social contract between citizen and state must be honoured through transparent, lawful and timely tax reporting.

At its core, the government’s pronouncement is stark in its simplicity and radical in its implications. Federal authorities, speaking through the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, have made it unequivocally clear that every Nigerian, whether employer or individual taxpayer, must file annual tax returns under the law. This encompasses self-assessment filings by individuals that too many assumed ended once employers deducted pay-as-you-earn taxes from their salaries.

This is not an optional civic suggestion, it is mandatory, backed by statute, and tied to a broader vision of national fiscal responsibility. Citizens can no longer hide behind ignorance, apathy, or false assumptions. “Many people assume that if their employer deducts tax from their salaries, their obligations end there. That is wrong,” Oyedele warned, emphasizing that the obligation to file remains with the individual under both existing and newly reformed tax laws.

The Deadlines and the Reality They Reveal.
Across the federation, state and federal revenue authorities have reaffirmed statutory deadlines in pursuit of compliance. The Lagos State Internal Revenue Service, for instance, moved to extend its filing date for employer returns by a narrow window, reflecting the reality that compliance often lags behind legal timelines. The extension was intended not as leniency, but as a pragmatic effort to allow accurate and complete submissions, underscoring that true compliance rises above mere mechanical ticking of a box.

At the federal level, Oyedele’s intervention was even more fundamental. He reminded Nigerians that annual tax returns for the preceding year must be filed in good faith, with integrity and in respect of the law. This applies regardless of income level including low-income earners who have historically believed that they are outside the tax net. “All of us must file our returns, including those earning low income,” he stated.

Herein lies one of the most challenging truths of contemporary Nigerian governance: widespread tax non-compliance is not just a technical breach of law, it is a deep cultural and structural issue that reflects decades of mistrust between citizens and the state.

The Root of the Problem: Non-Compliance as a Symptom.
Nigeria’s tax culture has long been under scrutiny. Public discourse and economic analysis consistently show that a significant majority of eligible taxpayers do not file annual returns. Oyedele highlighted that even in states widely regarded as tax administration leaders, compliance remains strikingly low, often below five percent.

This widespread non-compliance stems from multiple sources:

A long history of weak tax administration systems, where enforcement was inconsistent and penalties were rarely applied.

A perception that public services do not reflect the taxes collected, eroding the citizenry’s belief in reciprocity.

An informal economy where income often goes unrecorded, making filing seem irrelevant or impossible to many.

Lack of awareness, with many Nigerians genuinely believing that tax liability ends with employer deductions.

The government’s renewed push for compliance directly challenges these perceptions. It signals a shift from voluntary or lax compliance to structured accountability, a stance that aligns with best practices in modern public finance.

Why This Matters: Beyond Deadlines.
At its most profound level, the insistence on tax return filings is about nation-building and shared responsibility.

Scholars of public finance universally agree that a robust tax system is the backbone of sustainable development. As the eminent economist Dr. Joseph E. Stiglitz has observed, “A society that cannot mobilize its own resources through fair taxation undermines both its government’s legitimacy and its capacity to provide for its people.” Filing tax returns is not a mere administrative task, it is a declaration of participation in the collective project of national advancement.

In Nigeria’s context, this declaration carries weight. With the enactment of comprehensive tax reforms in recent years (including unified frameworks for tax administration and enforcement) authorities now possess broader statutory tools to ensure compliance and accountability. These measures, which include electronic filing platforms and stronger enforcement powers, have been framed as fair and equitable, targeting efficiency rather than arbitrariness.

Yet the success of these reforms depends heavily on citizens embracing their civic duties with sincerity. And this depends on mutual trust, the belief that paying taxes yields tangible benefits in infrastructure, education, healthcare, security and social services.

Voices From Experts: Fiscal Responsibility as a Public Ethic.
Tax law experts and economists, reflecting on the compliance push, have underscored a universal theme: taxation without transparency is inequity, but taxation with accountability is empowerment. When managed with fairness, a functional tax system can reduce dependency on volatile revenue sources, stabilise national budgets, and support long-term investment in human capital.

Professor Aisha Bello, a respected authority in fiscal policy, notes that “Tax compliance is not a burden; it is the foundation upon which social contracts are built. A citizen who honours tax obligations affirms the legitimacy of governance and demands better performance in return.”

Similarly, a leading tax scholar, Dr. Emeka Okon, argues that “The era when Nigerians could evade broader tax responsibilities simply because automatic deductions occur at source must end. For a modern economy, every eligible citizen must be part of the formal tax fold not as victims, but as stakeholders.”

These authoritative voices point to an unassailable truth: filing tax returns is both a legal requirement and a moral responsibility, an expression of citizenship in its fullest sense.

Challenges on the Ground: Compliance and Capacity.
While the rhetoric of compliance is compelling, the reality on the ground demands nuanced understanding. Many taxpayers (especially in the informal sector) lack meaningful access to digital platforms and resources for filing returns. For others, the fear of bureaucratic complexity and perceived punitive enforcement deters participation.

The government, for its part, has responded by promoting online systems and pledging greater taxpayer support. Tax authorities are increasingly engaging stakeholders to demystify filing processes, explain requirements and offer assistance. This mix of enforcement and facilitation is essential. As one seasoned revenue specialist observed: “The state cannot compel compliance through force alone; it must earn it through education, simplicity and fairness.”

The Broader Implication: A New Social Compact.
Ultimately, Nigeria’s renewed emphasis on tax return filing transcends administrative deadlines. It is an unequivocal declaration that national development is a shared responsibility, that citizens and state must engage in a transparent, accountable, and reciprocal relationship.

Tax compliance, therefore, becomes far more than a legal act; it becomes a moral claim on the nation’s future.

When citizens file their returns honestly, they affirm their stake in the nation’s destiny. When the government collects taxes transparently and deploys them effectively, it strengthens not only public services but civic trust itself.

In this sense, the deadlines proclaimed by Nigeria’s fiscal authorities mark not an end but a beginning; the beginning of a civic epoch in which accountability replaces apathy, participation replaces indifference and national purpose triumphs over fragmentation.

The road ahead will not be easy. But in demanding compliance, Nigeria is demanding more than tax returns. It is demanding commitment and that, ultimately, is the foundation on which nations are built.

 

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BUA Foods Records 91% Surge in Profit After Tax, Hits ₦508bn in 2025

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BUA FOODS PLC RECORDS 101% PROFIT GROWTH IN H1 2025, CONSOLIDATES LEADERSHIP IN NIGERIA’S FOOD SECTOR …Revenue Rises to ₦912.5 Billion; PBT Hits ₦276.1 Billion

BUA Foods Records 91% Surge in Profit After Tax, Hits ₦508bn in 2025

By femi Oyewale

BUA Foods Plc has delivered one of the most impressive financial performances in Nigeria’s fast-moving consumer goods (FMCG) sector, recording a 91 per cent increase in Profit After Tax (PAT) for the 2025 financial year.
According to the company’s unaudited financial results for the year ended December 31, 2025, Profit After Tax rose sharply to ₦508 billion, compared with ₦266 billion recorded in 2024, underscoring strong operational efficiency, improved cost management, and resilience despite a challenging macroeconomic environment.
The near-doubling of profit reflects BUA Foods’ ability to navigate rising input costs, foreign exchange volatility, and inflationary pressures that weighed heavily on manufacturers throughout the year. Analysts note that the performance places the company among the strongest earnings growers on the Nigerian Exchange in 2025.
The company’s Q4 2025 performance further highlights this momentum. Group turnover stood at ₦383.4 billion, while gross profit came in at ₦151.5 billion, demonstrating sustained demand across its core product lines including sugar, flour, pasta, and rice.
Despite a year marked by higher operating costs across the industry, BUA Foods maintained disciplined spending. Administrative and selling expenses were kept under control relative to revenue, helping to protect margins.
Operating profit for Q4 2025 stood at ₦126.9 billion, reinforcing the company’s strong core earnings capacity. Although finance costs and foreign exchange losses remained a factor, reflecting the broader economic realities, BUA Foods still closed the period with a Net Profit Before Tax of ₦102.3 billion for the quarter.
Earnings Per Share Rise Sharply
Shareholders were among the biggest beneficiaries of the strong performance. Earnings Per Share (EPS) rose significantly, reflecting the substantial growth in net income and strengthening the company’s investment appeal.
Market watchers say the improved earnings profile could support sustained investor confidence, especially as the company continues to consolidate its leadership position in Nigeria’s food manufacturing space.
BUA Foods Records 91% Surge in Profit After Tax, Hits ₦508bn in 2025

By femi Oyewale
Industry Leadership Amid Economic Headwinds
BUA Foods’ 2025 results stand out against a backdrop of currency depreciation, energy cost spikes, and logistics challenges that constrained many manufacturers. The company’s scale, backward integration strategy, and local sourcing advantages are widely seen as key contributors to its resilience.
Outlook
With a 91% year-on-year growth in PAT, BUA Foods enters 2026 on a strong footing. Analysts expect the company to remain a major driver of growth in the consumer goods sector, provided macroeconomic stability improves and cost pressures ease.
For now, the 2025 numbers send a clear signal: BUA Foods is not only growing—it is accelerating.
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Adron Homes Unveils “Love for Love” Valentine Promo with Exciting Discounts, Luxury Gifts, and Travel Rewards

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Adron Homes Unveils “Love for Love” Valentine Promo with Exciting Discounts, Luxury Gifts, and Travel Rewards

Adron Homes Unveils “Love for Love” Valentine Promo with Exciting Discounts, Luxury Gifts, and Travel Rewards

In celebration of the season of love, Adron Homes and Properties has announced the launch of its special Valentine campaign, “Love for Love” Promo, a customer-centric initiative designed to reward Nigerians who choose to express love through smart, lasting real estate investments.

The Love for Love Promo offers clients attractive discounts, flexible payment options, and an array of exclusive gift items, reinforcing Adron Homes’ commitment to making property ownership both rewarding and accessible. The campaign runs throughout the Valentine season and applies to the company’s wide portfolio of estates and housing projects strategically located across Nigeria.

 

Adron Homes Unveils “Love for Love” Valentine Promo with Exciting Discounts, Luxury Gifts, and Travel Rewards

Speaking on the promo, the company’s Managing Director, Mrs Adenike Ajobo, stated that the initiative is aimed at encouraging individuals and families to move beyond conventional Valentine gifts by investing in assets that secure their future. According to the company, love is best demonstrated through stability, legacy, and long-term value—principles that real estate ownership represents.

Under the promo structure, clients who make a payment of ₦100,000 receive cake, chocolates, and a bottle of wine, while those who pay ₦200,000 are rewarded with a Love Hamper. Payments of ₦500,000 attract a Love Hamper plus cake, and clients who pay ₦1,000,000 enjoy a choice of a Samsung phone or a Love Hamper with cake.

The rewards become increasingly premium as commitment grows. Clients who pay ₦5,000,000 receive either an iPad or an all-expenses-paid romantic getaway for a couple at one of Nigeria’s finest hotels, which includes two nights’ accommodation, special treats, and a Love Hamper. A payment of ₦10,000,000 comes with a choice of a Samsung Z Fold 7, three nights at a top-tier resort in Nigeria, or a full solar power installation.

For high-value investors, the Love for Love Promo delivers exceptional lifestyle experiences. Clients who pay ₦30,000,000 on land are rewarded with a three-night couple’s trip to Doha, Qatar, or South Africa, while purchasers of any Adron Homes house valued at ₦50,000,000 receive a double-door refrigerator.

The promo covers Adron Homes’ estates located in Lagos, Shimawa, Sagamu, Atan–Ota, Papalanto, Abeokuta, Ibadan, Osun, Ekiti, Abuja, Nasarawa, and Niger States, offering clients the opportunity to invest in fast-growing, strategically positioned communities nationwide.

Adron Homes reiterated that beyond the incentives, the campaign underscores the company’s strong reputation for secure land titles, affordable pricing, strategic locations, and a proven legacy in real estate development.

As Valentine’s Day approaches, Adron Homes encourages Nigerians at home and in the diaspora to take advantage of the Love for Love Promo to enjoy exceptional value, exclusive rewards, and the opportunity to build a future rooted in love, security, and prosperity.

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