Business
FASHOLA DEDICATES STEPHEN J. SOLARZ AWARD TO TEAM WORK
· As Founder of Mo Ibrahim Foundation, Dr. Mo Ibrahim, commends the former Lagos State Governor for good governance
· “It’s for commitment to resolving social, economic and security challenges in the world’s most challenging urbanenvironments”, says ICG
Immediate past Governor of Lagos State and Minister Designate, Mr. Babatunde Fashola SAN, in faraway New York, dedicated the honour of the prestigious annual Stephen J. Solarz Award presented to him by the International Crisis Group (ICG) to team work saying he was only privileged to be head of a dedicated team of men and women who devoted their lives to a chosen cause.
Fashola, who becomes the seventh recipient worldwide, got the award during the 2oth Anniversary Dinner Award of the global conflict
resolution organization in New York “for commitment to resolving
social, economic and security challenges” in Lagos, considered by the
world body as “one of the world’s most challenging urban
environments.”
In his short remark after receiving the award presented on behalf of
ICG by founder of Mo Ibrahim Foundation, Dr Mo Ibrahim, Mr. Fashola
insisted that what happened in the eight years he governed Lagos State
happened only because he was privileged to lead “a team of dedicated
men and women who devoted their lives to the same cause”.
While thanking the organization for the honour of the award, Fashola
noted, “When you talked of Ebola, when you talked of security, it was
the health workers and the Police who did the work and as leader of
the team, I was only blessed with the men and women who really were
ready to serve in the place we call home”.
The Minister Designate, who said he would have brought the whole team
to New York for the award if it were possible, added, “For me it is an
honour and it is on their behalf that I accept this award. Let me say
that such honour will continue to inspire us to make our State and our
country a better place to live for our people”.
Describing himself as lucky to be blessed with such a team, Fashola
declared, “In all our life’s journey we encounter, we meet people who
lend a hand, we meet people who inspire, we meet people who support
and all of the things that happened throughout the eight years I
served as Governor of Lagos State did not happen because of me”.
He congratulated the International Crisis Group for the work it has
been doing in the past two decades which he described as remarkable
and also thanked the Group for the honour accorded him in presenting
the award adding that the works of Stephen J. Solarz in whose memory
he was receiving the honour has continued to inspire good leadership
especially across Africa.
Fashola, who expressed his delight to have received the award from Mo
Ibrahim who he described as “my brother”, praised the Founder of Mo
Ibrahim Foundation for his commitment to the development of good
governance and the eradication of poverty in the Continent of Africa.
Earlier in his remarks before presenting the prestigious award, Mo
Ibrahim described former Governor Fashola as “a wonderful man” who,
for eight years, exhibited good governance in Nigeria, “a country
which suffered for many years from bad governance”.
According to Mo Ibrahim, the former Governor came and gave a new face
of governance to Nigeria and showed in his eight years in office that
he understood what he was sent to do, which according to him, “is to
deliver service to the people”.
Pointing out some of the remarkable landmarks of service by the former
Governor and his team, Mo Ibrahim declared, “For instance, before he
came into office, transport from the airport to the city was a
nightmare. But when he came he did a wonderful job and things began to
move”.
He recalled that before Fashola came into governance security was a
major challenge in in the country and the State with the Police in bad
shape due to lack of institutional support adding that with the coming
of the Governor, a new initiative was introduced into security
management whereby he invited the private sector and other major stakeholders to support.
According to him, the police were equipped with vehicles decent uniforms and other security gadgets and equipment and Lagos became safe again through the initiative adding that the former Lagos State Helmsman also did the same in the Education and Health sectors.
He recalled that in the area of Education, which according to him is a major challenge in Africa, Fashola invited the Private Sector and they supported in building new schools and equipping them with modern learning aids adding that in the area of Health his most prominent Achievement was the eradication of Ebola.
“I can keep going on and on about all his achievements but the important thing here is that all these happened in Nigeria where governance was a major issue. That is why I am happy today to offer this award to a man who has provided good governance in Nigeria”, he said.
The International Crisis Group is an independent, non-profit,
non-governmental organisation committed to preventing and resolving deadly conflicts across the globe with Mission and Method which include Field Work, Analysis and Advocacy in crisis locations based on seriousness of a situation, value to international understanding and response, availability of fund and safety of operation.
Former Governor Fashola was accompanied to the high profile event by several prominent members of the Class of 2011 – 2015 of the Lagos State Executive Council including former Commissioner for Economic Planning and Budget, Mr. Ben Akabueze, his Works and Infrastructure, Finance and Commerce and Industry counterparts, Dr. Obafemi Hamzat,
Mr. Ayo Gbeleyi and Mrs. Olusola Oworu respectively.
Also in the entourage were former Special Adviser on Public Health, Dr. Yewande Adeshina, and former General Manager of the Lagos State Pensions Commission, Mr. Kunle Hussien, as well as a Chieftain of the All Progressives Congress (APC) in Lagos, Pastor Akintola Daramola, among others.
And present at the impressive ceremony were Nigerian members of the Board of Trustees of ICG including the Vice Chairman and prominent legal practitioner, Mr. Ayo Obe and Founder of Fate Foundation, Mr. Fola Adeola, President & CEO of ICG, Mr. Jean-Marie Guehenno, fellow honorees including President Emeritus of the Group and former Minister of Foreign Affairs of Australia, Mr. Gareth Evans, who received the Founder’s Award and former Minister of Foreign Affairs of Italy, Ms Emma Bonino as well as Founder of Mo Ibrahim Foundation, Dr. Mo Ibrahim, who presented the Stephen J. Solarz Award on behalf ICG to
Mr. Fashola, among others.
Business
Harmony Gardens’ Ibeju-Lekki Portfolio Crosses $1bn
Harmony Gardens’ Ibeju-Lekki Portfolio Crosses $1bn
Harmony Garden & Estate Development Limited has expanded its development activities across Ibeju-Lekki, pushing the projected long-term value of its estate portfolio beyond $1 billion.
Led by Chief Executive Officer Hon. Dr. Audullahi Saheed Mosadoluwa, popularly know Saheed Ibile, the company is developing seven estates within the Lekki–Ibeju corridor. Details available on Harmony Garden & Estate Development show a portfolio spanning land assets and ongoing residential construction across key growth locations.
A major component is Lekki Aviation Town, where urban living meets neighborhood charm, located near the proposed Lekki International Airport and valued internally at over $250 million. The development forms part of the company’s broader phased expansion strategy within the axis.
Other estates in the corridor tagged as the “Citadel of Joy” (Ogba-idunnu) include Granville Estate, Majestic Bay Estate, The Parliament Phase I & II, and Harmony Casa Phase I & II.
With multiple projects active, the rollout of the Ibile Traditional Mortgage System, and structured expansion underway, Harmony Garden & Estate Development Ltd continues to deepen its presence within the fast-growing Ibeju-Lekki real estate market.
Business
BUA Group Showcases Food Manufacturing Strength at 62nd Paris International Agricultural Show
BUA Group Showcases Food Manufacturing Strength at 62nd Paris International Agricultural Show
BUA Group, one of Africa’s leading diversified conglomerates, is maintaining a strong presence at the ongoing 62nd edition of the Paris International Agricultural Show in France, participating as a premium sponsor and supporting the Nigeria Pavilion at one of the world’s most respected agricultural gatherings.
The 62nd Paris International Agricultural Show, taking place from February 21 to March 1, 2026, at Porte de Versailles in Paris, convenes global leaders across farming, agro processing, technology, finance, and policy. The event serves as a strategic platform for industry engagement, knowledge exchange, and commercial partnerships shaping the future of global food systems.
BUA Group’s participation reflects its long term commitment to strengthening the entire food production value chain. Through sustained investments in large scale processing, value addition, and branded consumer products, the Group continues to reinforce its role in advancing food security, industrial growth, and regional trade integration.
Speaking on the Group’s participation, the Executive Chairman of BUA Group, Abdul Samad Rabiu CFR, said, “BUA’s presence at the Paris International Agricultural Show reflects our belief that Africa must be an active participant in shaping the future of global food systems. We have invested significantly in local production capacity because we understand that food security, industrial growth, and economic resilience are interconnected. Platforms like this allow us to build partnerships that strengthen Nigeria’s competitiveness and expand our reach beyond our borders.”
BUA Foods, a subsidiary of BUA Group, maintains a strong footprint in flour, pasta, spaghetti, sugar, and rice production, serving millions of consumers within Nigeria and across neighbouring African markets. The Managing Director of BUA Foods, Engr. Abioye Ayodele, representing the Executive Chairman, is attending the event at the Nigeria Pavilion, engaging industry stakeholders and showcasing the company’s manufacturing capabilities.
Also speaking at the show, Engr. Ayodele stated, “BUA Foods has built scale across key staple categories that are central to household consumption. Our participation at this Show allows us to demonstrate the quality, consistency, and operational strength behind our products. We are also engaging global stakeholders with a clear message that Nigerian manufacturing can meet international standards while serving both domestic and regional markets efficiently.”
The Show provides BUA Group with an opportunity to deepen trade relationships, explore new export pathways, and reinforce Nigeria’s growing relevance within the global agricultural and food ecosystem.
BUA Group remains focused on building enduring institutions, expanding productive capacity, and positioning African enterprise competitively within global markets.
Business
Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
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