ONIROYIN SUPPORT INITIATIVE MOURNS THE PASSING OF ITS CONVENER, OLATUNDE AYINDE OLADUNJOYE

Oniroyin Support Initiative, a not-for-profit, humanitarian and non-governmental organisation dedicated to providing financial support for the families of deceased journalists and those with health challenges in Ogun State, is deeply saddened by the passage of our cherished Convener, Comrade Olatunde Ayinde Oladunjoye.

Comrade Oladunjoye bid the world farewell on Friday, 4th April 2025, following a brief illness. He was aged 58.

His passage was a devastating blow to our young but promising organisation, especially coming barely a month after the successful launch of our first empowerment programme for selected families of deceased journalists and those with health issues at the Basic Trust International, Oke-Ilewo, Abeokuta. The event, which held specifically on Thursday, 27th February, 2025, also featured free medical screenings, medications, and consultations for beneficiaries and scores of guests.

Today, we mourn the loss of Comrade Oladunjoye, an extraordinary individual, visionary personality, and compassionate advocate whose tireless dedication touched and inspired countless lives. As Convener of Oniroyin Support Initiative, he embodied compassion, resilience, and a fierce commitment to creating positive change. His vision brought succour to those in need, and his indomitable spirit lifted souls in despair.

During his eventful lifetime, Comrade Oladunjoye proved to be a true champion of worthy causes. His selflessness and generosity inspired us to pursue our noble objectives, which essentially border on providing financial support to families left behind by journalists who have passed away.

We reckon that Comrade Olatunde Oladunjoye was many things to many people. He was a philanthropist, journalist, mediapreneur, an impactful politician, loyal friend, dreaded foe, political cum human rights activist, blunt critic, devoted supporter and a committed family man. He was a simple, yet fearless man.

Regarding the Oniroyin Support Initiative, Comrade Oladunjoye birthed the idea in his quest to give back to his primary constituency – journalism! He immersed himself entirely into the project. He generously gave the seed money to kick-start the organisation, piloted the registration and legal processes, and facilitated several donations towards actualising the mission of the organisation.

His tireless dedication to the cause and his selfless service to those in need have left an indelible path for the organisation. Painful was the death of this extra ordinary personality who has come to the end of his poetry and has applied the full stop, never to write again.

However, we take solace in the knowledge that his legacy will not only endure through the numerous lives he impacted on but also the work we shall continue to do in his honour with the continued support of the family and his friends who believe in his cause.

Our thoughts and prayers are with the immediate family, friends, and associates of Comrade Olatunde Ayinde Oladunjoye during this difficult time. May his memory be a blessing to us all, and may we continue to build upon the foundation he laid.

Adieu, respected Comrade!

 

E-signed
*Olufunke Fadugba*
Chairman

*Adekunle Olayeni*
Secretary

The Gym Love Triangle: Fitness, Fashion, and Flirtation in Lagos

 

In the age of fitness influencers, athleisure fashion, and Instagram-worthy workouts, Nigeria’s gym culture is booming. But beneath the sculpted abs and protein shakes lies a more complicated narrative: the gym as a new social playground—and sometimes, a romantic battleground.

From Ikeja to Festac and down to the bustling gyms in Ajah, what was once a space solely for sweat and stamina has evolved into something of a social experiment.

“People are using gyms to hook up,” says Folarin Adekoya, a regular gym-goer in Ikeja. “Some women come in wearing provocative outfits, and it’s not just distracting—it raises questions about their intentions.”

While the body goals are still a priority for many, others are raising eyebrows—and smartphones—as selfies, flirtation, and full-blown relationships begin to rival reps and routines.

“I Came to Lift, Not to Love”

Jason Onwuka, who trains regularly in Festac, says he’s seen it all.

“You have people who are here more for the vibe than the workouts. They spend more time talking and laughing than lifting weights,” he told the News Agency of Nigeria (NAN).

He admits, however, that as society grows more individualistic, gyms have emerged as safe, neutral grounds for forming new connections.

“People are lonely. The gym is now a space to find friends, romance, and a sense of belonging,” he said. “But at the end of the day, it’s on you to stay focused.”

“Indecent Dressing Could Get Girls Banned” – Teddy A Warns

The debate recently went viral when Teddy A, a former Big Brother Naija star, posted a video lamenting what he called “indecent dressing at the gym.”

“We don’t want them to start banning girls from gyms because of indecent dressing,” he said in a video that triggered a flurry of reactions online.

While some praised his candour, others blasted his remarks as misogynistic and controlling, igniting fresh debates over dress codes, freedom of expression, and the sexual politics of the gym floor.

Fitness Centre Managers Respond

A gym manager in Ajah, who requested anonymity, told NAN that they’ve had to lay down the law to maintain order and respect.

“We’ve introduced dress guidelines and behaviour protocols. Still, people come to mingle, and as long as no one’s workout is disrupted, we don’t interfere,” he said.

He admitted that while some gym-goers blur the lines, many—especially professional women—come solely for fitness.

“They wear functional gear. Not everyone’s here for attention,” he added.

A Culture in Transition

As Nigeria’s middle class expands and wellness trends grow, gyms are no longer just places to burn calories—they’re becoming microcosms of urban life, where health, identity, and social dynamics all intersect.

But the question remains: Are gyms still sacred spaces for self-improvement—or just another scene for subtle seduction?

For now, the battle between body goals and “boo goals” continues to play out between the dumbbells and the dance bikes, one rep—and one DM—at a time.

Why Businesses Fail in South Africa.
By Ekos Akpokabayen

 

South Africa, like many emerging markets, experiences a high rate of business failure, particularly among small and medium-sized enterprises (SMEs). Statistics from the Small Enterprise Development Agency (SEDA) and the Global Entrepreneurship Monitor consistently reveal that over 70% of small businesses fail within the first two years of operation. This trend is concerning given that SMEs are vital contributors to economic growth, job creation, and innovation.

 

As a finance professional and Chief Investment Officer at Ovid Capita, I have closely observed the structural and operational challenges facing businesses in South Africa. Drawing from both analytical frameworks and on-the-ground experience, I will explore the critical reasons businesses fail and offer pragmatic advice to entrepreneurs aspiring to build resilient and sustainable enterprises.

 

1. Lack of Market Understanding and Strategic Positioning

One of the foundational causes of business failure is inadequate market research and poor strategic positioning. Too often, entrepreneurs are guided by passion, anecdotal evidence, or fleeting market trends rather than grounded, data-driven insights. While enthusiasm is essential, it must be paired with a thorough understanding of customer needs, behavioral patterns, and competitive dynamics.

A robust market analysis should answer essential questions: Who are our customers? What do they value? Who else is serving them, and how can we do better? Unfortunately, many business owners overestimate demand or misjudge pricing sensitivities, resulting in products or services that fail to gain traction.

To thrive, entrepreneurs must prioritize feasibility studies, competitive analysis, and customer validation exercises. Without this due diligence, they risk entering saturated markets, pricing incorrectly, or offering products with no long-term demand.

2. Weak Financial Management and Planning

Financial mismanagement remains one of the most persistent causes of business collapse. Many entrepreneurs lack fundamental financial literacy—unable to distinguish between profit and cash flow, or between gross margins and net income. This lack of understanding leads to poor decision-making, uncontrolled spending, and an inability to budget or forecast.

A successful business must implement sound accounting practices, establish clear financial controls, and adopt budgeting processes that align with strategic objectives. Entrepreneurs should leverage modern accounting software and, where possible, seek guidance from professional advisors or financial consultants.

Moreover, understanding unit economics—how much it costs to acquire a customer versus the lifetime value of that customer—is critical. Without these insights, even high-revenue businesses can fail if their cost structures are inefficient or unsustainable.

3. Cash Flow Constraints and Insufficient Capitalization
Cash flow—the lifeblood of any enterprise—is often misunderstood. Many business owners confuse profitability with liquidity, only to find themselves unable to cover operational expenses such as rent, payroll, or inventory.

This issue is compounded by a failure to raise capital at the right time. In South Africa’s volatile economic climate, unforeseen disruptions—such as load shedding, regulatory changes, or currency volatility—can quickly derail undercapitalized businesses.

Entrepreneurs must adopt a proactive approach to financial planning that accounts for seasonal fluctuations, delayed client payments, and potential economic shocks. Building a capital buffer and securing access to credit or investment capital can significantly increase a business’s resilience.

4. Underestimating the Competitive Landscape
South Africa’s business environment is dynamic and competitive. Many new entrants mistakenly believe their offerings are unique or that existing competitors are unsophisticated. This assumption is often misguided.

Competitor analysis is not a one-time event—it should be an ongoing process. Understanding the pricing models, service delivery mechanisms, customer retention strategies, and marketing approaches of competitors can offer valuable insights for differentiation and strategic agility.

Those who ignore competition risk being undercut on price, outpaced in innovation, or simply forgotten by consumers in a saturated market.

5. Inexperience in Hiring and Managing Talent
Even the most innovative ideas require strong execution—and that depends heavily on people. Unfortunately, many entrepreneurs lack experience in human resource management. Hiring based on convenience, cost, or personal relationships instead of merit and cultural fit can lead to operational inefficiencies and internal discord.

Effective recruitment is not just about filling roles; it’s about building a team that shares the vision, values, and ambition of the enterprise. Furthermore, poor leadership, lack of delegation, and micro-management often demotivate high-performing employees, leading to high turnover and loss of institutional knowledge.

Investing in people—through careful recruitment, team building, and leadership development—is essential to business sustainability.

6. Neglect of Employee Training and Development
In a fast-evolving economic landscape, businesses must constantly adapt to changes in technology, consumer behavior, and regulatory frameworks. Yet, employee training is often seen as a cost rather than an investment.

This mindset is dangerous. Inadequately trained staff can negatively impact customer satisfaction, productivity, and compliance. Conversely, continuous professional development fosters innovation, efficiency, and loyalty.

Entrepreneurs must create a culture of learning. This can be done through formal training programs, peer learning, mentorship initiatives, and access to industry certifications. Knowledge is a competitive advantage—and businesses that invest in human capital tend to outperform their peers.

7. Failure to Build Strategic Networks and Partnerships
In South Africa, many entrepreneurs operate in isolation. They overlook the value of business networks, industry associations, and collaborative ecosystems. However, successful businesses are rarely built in a vacuum.

Networking provides access to partnerships, funding opportunities, mentorship, and market intelligence. Engaging with other business owners, attending industry conferences, or joining business chambers can open doors that would otherwise remain closed.

Moreover, strategic alliances—whether for distribution, marketing, or product development—can reduce costs, increase market reach, and accelerate growth.

Conclusion: From Vulnerability to Viability
The entrepreneurial journey in South Africa is not for the faint-hearted. The economic landscape presents both opportunities and obstacles, and while many businesses begin with promise, too few survive long enough to reach their full potential.

To reverse this trend, entrepreneurs must shift from reactive to strategic thinking. They must invest time in market research, build solid financial foundations, plan for cash flow disruptions, and hire with intentionality. Furthermore, cultivating talent, embracing lifelong learning, and fostering collaborative relationships can significantly enhance business longevity.

At Ovid Capita, we advocate for an integrated approach to entrepreneurship—one that combines passion with planning, and innovation with execution. With the right guidance, tools, and mindset, South African entrepreneurs can overcome the systemic barriers that currently hinder SME growth and unlock the full potential of their ventures.

By addressing these avoidable pitfalls and embracing best practices, we can build a stronger, more inclusive, and sustainable business ecosystem that not only drives economic transformation but also uplifts communities across the country.

Ekos Akpokabayen has an MSc in Finance, and also the Chief Investment Officer at
Ovid Capita