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MY TAKE AWAY FROM PMB’S FOREIGN TRIPS – BABATUNDE FASHOLA SAN

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In making this public intervention, I seek to highlight the benefit of global relationships and cooperation in a world that is changing daily as a result of globalization and transborder economics, social and even criminal activities where no one is safe, except all are safe, and to leave the dispassionate observer his opinion after deep reflection on the value, or lack of it, of the President’s foreign trips.

This way I hope every Nigerian who cares about our country will have some information about what their President is doing about the things that concern them.

First I will start with context.

Barely 2 decades ago (between 1994 and 1998) we would not have quarreled with the description that we were a pariah nation.

We were ostracized from global events because of bad governance. We had lost the respect accorded Nations like ours were they well-led and well-run.

I recall that not a few Nigerians complained that the green passport was becoming, if it had not already become, a burden.

That was at the height of the dictatorial government that broke the rules of international relations.

It was from there that we started to heal. Investors entered our country. Many brands that we sought after abroad started coming to set up shop in our country.

The tourist footfalls in our country increased slowly but surely, but again we began to slide.

That was when Buhari declared at a meeting in Lagos during his campaign in 2015, that if elected, he would make us proud about our country again. Proud to be Nigerian again.

That is the context in which I view his foreign trips and the manifesto of the All Progressives Congress (APC) on Foreign Relations which promised to:

  • Make the Nigerian national interest the overriding factor in its foreign policy and international relations.
  • Work to reform global governance in multilateral institutions and agencies.
  • Work to strengthen the African Union to become a more effective organization on global affairs.
  • Engage the BRICS countries (Brazil, Russia, India, China and South Africa) on the basis of equality.
  • Play a leadership role to develop a MINT (Mexico, India, Nigeria, and Turkey) as a counterforce to BRICS.

I will limit my takeaways to 4 (Four) trips that I attended with the President namely: the G7 Summit in Germany, the Oil and Gas Summit in Iran, the Renewable Energy Conference in Abu Dhabi and the State visit and Business Forum in China; and 2  (Two) trips that I did not attend, but whose deliberations I followed, namely: Paris for the COP 21 and USA for the Nuclear Energy Summit.

G7 in Germany

This is a club of eight of the most industrialized, economic and technologically advanced nations.

For the benefit of those who do not follow international politics it was originally the G8 comprising the USA, Britain, Germany, France, Canada, Japan, Italy, and Russia, who were later suspended and had sanctions imposed on them to make it G7 as a result.

It was formed in 1975 as a club of 6 (Six) before Canada and Russia were admitted.

They look after each other, and the rest of the world to put it simply.

They have gone to war together if you remember Iraq and Libya in recent memory and they are all largely collaborating to fight terror. (Most recently the FBI was rendering assistance to Belgium in the aftermath of the terror attacks in that Country).

Why G7 one might then ask?​

Answer: German Chancellor Angela Merkel, as host, invited PMB on his inauguration to be their guest along with some three or four other African countries.​

Their agenda was global security, global economy and global health in the aftermath of Ebola, which was still raging in some African countries.

Apart from the personal aides of the President, Governor Shettima of Borno, General Dambazau and myself were the only ones who accompanied PMB.

I recall that upon our arrival in Germany they expressed surprise that our delegation was small and asked if others were still coming.

In the pre-departure briefing, in addition to highlighting how the security and economic agenda of the G7 coincided with 2 (Two) of his campaign promises, security, (corruption)economy, PMB stated the reasons 3 of us were invited.

Governor Shettima was in the front line of terrorists and criminal activities in the north east; General AbdulrahmanDambazau, was a former Chief of Army Staff, and also a faculty associate of Harvard University Weatherhead Center for International Affairs; I had run the single biggest economy of a state within Nigeria for eight years and was in the frontline of Ebola.

Without ministers, one week after taking office, he felt we were the ones best suited to assist, if he needed it, on the issues of security, economy and health on the G7 agenda.

In the event, he did not need us. He held his ground admirably. He was the first person called upon to speak at a Summit in which Nigeria was not a member. I was proud to be a Nigerian.

At global summits we usually got to speak when others had spoken and the hall has emptied.

President Obama was the first G7 member to speak after PMB and he said that Nigeria has elected a President that brings a reputation of scrupulous integrity to the table. I was proud to be a Nigerian.

The opening session was robust and welcoming, we saw some of the world’s most powerful men and women take off their jackets, call each other by their first names in a club-like setting while addressing the world’s most serious problems. Problems that affect you and I daily.

I was proud that my President was in a room where decisions concerning my planet were being deliberated upon.

Prime Minister Cameron, Chancellor Merkel and others also spoke in similar vein about our President’s reputation and our nation’s strategic position in Africa and the world.

They pledged support for Nigeria on Terror and the Economy.

Importantly, I learned that their scientists were worried about increasing resistance of strains of infections to antibiotics; and that they were committing enormous resources into finding out why and what to do.

They highlighted the difficulty of time and resources that it will take to develop new antibiotics and the risk to global health.

If we all appreciate how vulnerable we can be without effective antibiotics, especially our children, and if we remember how low life expectancy was and how poor global health was before the discovery of Penicillin after the World War, we will appreciate the seriousness of the platform to which Nigeria was invited. I was proud that our President was there.

If the seven most powerful nations stand with you, who can stand against you?

I need not say more except that I can attest that PMB has been following up on these matters, and the progress on security is visible, while results on the economic front will manifest soon enough.

Iran Oil and Gas Summit

For those who are not aware, one of the reasons why oil prices went up, and from which we benefited in the past, was that Iran, the world’s 7th largest producer of oil, was facing global sanctions from which she was due to emerge in 2016.

Because Iran was soon to be selling oil, the likelihood of a further crash of oil prices that had drastically fallen was a threat to Nigeria’s economy if oil prices crashed further.​(Our 2016 budget proposals had just been formulated on a $38 per barrel assumption)

I was witness to PMB’s persuasion to Iran to come to the market slowly instead of pushing out large volumes which will raise supply and crash prices, even though Iran also needed the cash.

You can’t do that type of diplomacy by letter or by phone, in my view, not when the major players were all there in person.

I witnessed the meeting with the Venezuelan prime minister, who was leading the South American producers to sell more and get cash even if the prices were lower.

PMB’s logic was different.

Hold your volumes, steady the price, and don’t let us hurt one another.

Recorders of history will recall that the Venezuelan government suffered a major political defeat in Parliament, while PMB’s logic has at least steadied oil prices.

It might interest you to know that all European nations sent their oil ministers, except Russia, where Vladimir Putin came in person, because having been suspended from the G8 and facing sanctions, this was the meeting where his country’s interests were best served.

For the record, Russia pledged a $5 Billion state support to Iran, and if the purpose of this is lost on anyone, I interpret it to mean, “Take cash, don’t pump out your oil. It will hurt me.”

This is the reality of international politics.​

Finally on Iran, PMB told us, how when he flew to Iran in his days as Petroleum Minister, he noticed how much gas they were flaring and now he returned as President, all the flares were gone.

We found out that all the gas had been harvested and piped to every home for heating, cooking etc.​

His mandate: “If they can do it, we must do it.”

I am proud to be led by a President who sees good things outside and seeks to bring them to his people.

Abu Dhabi Renewable Energy

This is reputed to be the richest of the Emirates in the United Arab Emirates (UAE).

Apart from seeking cooperation to recover Nigeria’s stolen wealth stored in the UAE [His anti-corruption commitment pursued in person], PMB addressed a renewable energy summit where we learned about initiatives to bring solar power price down to 5 (Five) US cents per kilowatt hour, (approximately N10) as against the price of 17 (seventeen) US cents (N34) per KW/h tariff in Nigeria fixed at privatization by the last Government.

PMB’s mandate was for us to explore collaboration for the manufacture of solar panels in Nigeria to bring down the price and deploy it to the sunlit areas of Nigeria, especially the North that is most prolific for irradiation.

We are currently working on the Energy Mix for Nigeria which is the implementation process of the energy policy that will take us there.

Hopefully we will soon be signing the first set of solar deployment agreements for Nigeria.

In this way, more solar and hydro will be used in the North, more coal and hydro in the Middle Belt, and more gas in the South; so that we take power generation closest to the most prolific source of fuel to bring down the cost and make it more affordable.

On the trip to China (which I will comment on) we met a few Chinese solar manufacturers (who recognized us from Abu Dhabi) who want to set up business of manufacturing solar panels in Nigeria.

China Investment Forum and State Visit

This is the visit that provoked this write up, because I had bottled what I knew. But it was time, I believe, to share some of it.

China is the second largest economy in the world with a per capita income of $8,000 which they are planning to raise to $12,000 by 2020.

By her own assessment, according to President Xi Jinping, they are still a developing nation seeking to achieve what he described as “initial prosperity” by 2020.

If you look at the back of your phone, your TV, your watch, your I-Pad, your Mobile Charger, many other accessories that you use, you are likely to find these three words “Made in China” printed somewhere.

For such a nation, (with trillions of dollars in reserves, that plans to spend $2 trillion on imports in the next five years and earn $100 billion annually) who still sees itself as a developing nation, such modesty in the face of success, assiduous hard work and productivity is a destination to seek cooperation in the pursuit of economic development.

This is where PMB led an array of Nigerian investors including Erisco Foods, (who now makes our tomato paste at home and employs people locally including farmers who supply the tomatoes), Power operators (DisCos and GenCos), and the Dangote Group, to meet with and address their Chinese partners.

During the meeting with the Chinese President, 6 (Six) collaboration agreements were signed including for agriculture and food production improvement techniques, rail and power infrastructure development,  for funding the Dangote group to continue to expand and create jobs at home and keeping some of our reserves in the currency of the richest nation in the world.

This last mentioned agreement was a legitimate coup by PMB because the intelligence was that some West African countries were going to sign before us.

PMB seized the moment.

Of course he had to apologize for our previous failures on our agreement made to part-fund 4 airport projects in Lagos, Kano, Abuja and Port Harcourt and Abuja-Kaduna rail project.

The Chinese had provided their agreed part of 85% but the remaining 15% Nigeria did not honour during the last administration.

Some of the recent revelations about financial scandals estimated at $2.1 billion in the office of the National Security Adviser alone during the last administration suggest how impactful such funds would have been in delivering these critical infrastructure; but we all know what happened.​

This is why PMB is traveling. To repair our reputation severely damaged by the last government, and to assure our partners that Nigeria has CHANGED. And from there to re-negotiate an existing funding agreement to complete critical Transport infrastructure.

Because of his reputation, President Xi Jinping believed him, and to quote him, he said: “It is better late than never. ”

Through him China literally opened the door to Nigeria in areas of infrastructure (power, railways and roads), agriculture, education and manufacturing especially in our Free Trade Zones.

To paraphrase the Chinese President, “ask us for whatever support or partnership and we will be happy to respond.”

“We wish to see you take your rightful place and we are happy that you are the first African president visiting China, after my visit to Africa last year to pledge a $60 billion support for the Development of the continent.”

If this was not initiative I doubt what is?​

As for the trips to Paris, COP 21 and the USA, Nuclear Security Summit, I will only say this:

  1. a) The threat of climate change, global warming, desertification in the north of Nigeria and coastal erosion in the Atlantic (Bar beach in Lagos) and in the south, affecting Rivers, Bayelsa and other coastal states, the clear scientific evidence lays the blame at the door of the world’s most industrialized nation for their pollution.
  2. b) Since the Kyoto protocol they have paid lip service to remedying the situation, which unfortunately affects developing nations more adversely.
  3. c) COP 21 was the first serious commitment that these leaders made to ensure that global temperatures do not rise above 2°C and indeed are reduced to 1.5°C. I am proud that Nigeria was not missing at this historic moment. When the planet is saved, the next and future generations of Nigerians will recall that PMB was present, when all of the world leaders were present to save the planet.
  4. d) In the aftermath of COP 21, the commitment of these nations is to increase production and technology for renewable energy and to reduce the use of carbon fuels. One way they plan to achieve this is increased deployment of nuclear energy.
  5. e) These nations are at the cusp of sharing safe nuclear technology for peaceful uses with developing nations for power generation. This for me was reason enough and a good one at that for PMB to be in the USA because Nigeria has been pursuing a nuclear power program for about 17 years, not as an alternative to gas or Hydro, but as additions to them.

The world leaders must trust you for you to partake.

At that summit, in the group photograph, PMB stood on the second row along side Britain and Turkey. In the past, we used to be on the last row. This is CHANGE.

As he meets with world leaders outside Africa, he has not forgotten the home front. He is regularly visiting and receiving his sister and brother presidents on the African continent.

PMB has earned their trust for all of us and I am proud to carry my green passport.

Yes, some results are not yet manifest, and may take a little while to do so, but a solid foundation for a sustainable, respectable and prosperous future is being laid, block by block.

This is how to build a solid “home” from whence we can project respect abroad with confidence.

How many of us will do business with total strangers without a reference or a good reputation in this age of due diligence?

PMB is building affiliations everywhere that if well-managed in future, will develop into a global network of friendships, trust and respect for Nigeria and Nigerians.

I once heard that the role of a leader, like that of the head of a family, is that of an aggregator, opening doors and opportunities, breaking down barriers and  forging alliances. I agree.

This is my Takeaway on these trips.

 

BabatundeRajiFashola, SAN

 

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Precision and Heritage: How Fifi Stitches Is Rewriting African Fashion Narratives

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Precision and Heritage: How Fifi Stitches Is Rewriting African Fashion Narratives

 

 

A Nigerian-born designer is gradually carving out a cross-continental footprint in contemporary fashion, blending African textile heritage with British technical discipline.

 

Esther Fiyinfoluwa Adeosun, Founder and Creative Director of Fifi Stitches, is gaining recognition for structured womenswear and bridal couture that reinterprets traditional fabrics through architectural tailoring and precision construction.

 

Born in Ibadan, Oyo State, Adeosun’s fashion journey began at home, seated beside her mother’s sewing machine. What started as childhood curiosity, sometimes jamming the machine just to understand its mechanics—evolved into a disciplined design practice now operating between Nigeria and the United Kingdom.

 

During an interview with journalists the fifi Stitches once mentioned “I was fascinated by how flat fabric could transform into something structured and meaningful”.

 

In her Story , early designs made for her family, though imperfectly finished, were worn with pride—an encouragement that laid the foundation for her professional confidence.

 

Today, Fifi Stitches is recognised for sculpted bodices, controlled tailoring, corsetry construction, and the contemporary reinterpretation of Ankara, Aso Oke, and Adire textiles.

 

The brand challenges the long-held perception that African fabrics belong solely in ceremonial contexts, instead positioning them within global luxury and modern design spaces.

 

Adeosun’s training reflects this dual perspective. She studied Fashion Design and Entrepreneurship at the Institute for Entrepreneurship and Development Studies, Obafemi Awolowo University, and earned a Diploma in Fashion Design through Alison Online.

 

In the UK, she undertook industry-focused technical training with Fashion-Enter Ltd and gained fashion business exposure through Fashion Capital UK.

 

Her technical expertise spans pattern drafting, draping, garment technology, structured tailoring, corsetry, and bespoke fittings—skills she describes as central to credibility in fashion. “Precision builds trust,” she says. “A designer must understand construction as deeply as creativity.”

 

Fifi Stitches has showcased collections at the Suffolk Fashion Show, Liverpool Fashion Show – FB Fashion Ball, Red Carpet Fashion Event in London, and through editorial features in London Runway Magazine.

 

The brand has also received coverage in The Guardian Nigeria and Vanguard Allure, expanding its visibility across markets.

Beyond couture, Adeosun integrates community impact into her practice.

 

She has facilitated garment construction workshops, draping sessions, and introductory training programmes for women and emerging creatives, promoting fashion as both artistic expression and vocational empowerment.

 

 

Fifi Stcithes Boss operates between Nigeria and the UK, in order to continue to shape her brand identity.

 

 

According to her “Nigeria provides cultural richness and expressive textile traditions, while the UK offers structured production systems, sustainability conversations, and institutional frameworks”.

 

Looking ahead, Adeosun said she plan to establish a fully structured fashion house spanning Africa and the UK, develop scalable production partnerships, launch capsule collections, and expand independent editorial visibility.

 

Her broader ambition is clear: to position African textile craftsmanship within global contemporary design conversations—through structure, discipline, and technical excellence.

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GTCO Launches “Take on Squad” Hackathon 3.0, Opens Call for Applications 

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GTCO Launches “Take on Squad” Hackathon 3.0, Opens Call for Applications 

 

 

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has announced the launch of “Take on Squad” Hackathon 3.0, reaffirming its commitment to fostering innovation, empowering talent, and supporting the development of technology-driven solutions that address real-world challenges across Africa.

Now in its third edition, the Hackathon brings together developers, designers and entrepreneurs across Nigeria in a collaborative environment to build practical solutions across key sectors including financial services, healthcare, commerce and digital inclusion. Under the theme “Smart Systems: The Intelligent Economy,” participants are challenged to design and build intelligent, data-driven solutions that transform how communities engage with money.

Applications are now open, and interested teams can find full guidelines and registration details on the official portal at https://squadco.com/hackathon.

Speaking on the initiative, Eduophon Japhet, Managing Director of HabariPay, stated: “Today’s dynamic, digitally driven world demands continuous innovation, which is shaping how economies grow, how businesses scale, and how societies evolve. Through “Take on Squad” Hackathon, we are deliberately investing in the ideas and talent that will define the future. Our objective is not simply to encourage innovation, but to enable its translation into scalable solutions that deliver real and measurable impact. This reflects GTCO’s role as a financial services platform that connects capital, capability, and creativity to drive sustainable progress.”

The social coding event remains a cornerstone of HabariPay’s mission to foster creativity and problem-solving among emerging tech talents. Competing teams will leverage Squad’s advanced APIs to create scalable digital tools that address everyday challenges faced by businesses and individuals.

Through initiatives such as this, GTCO continues to position itself at the intersection of finance, technology and enterprise, actively shaping the future of digital transformation in Africa.

 

About HabariPay

HabariPay Ltd is the fintech subsidiary of Guaranty Trust Holding Company Plc (GTCO), one of the largest financial services institutions in Africa with direct and indirect investments in a network of operating entities located in 10 countries across Africa and the United Kingdom.

Licensed by the Central Bank of Nigeria (CBN), our goal is to support SMEs, micro merchants, large corporations and other fintechs (Tech Stars) with the tools they need to thrive in an evolving digital economy and expand beyond their current market reach. HabariPay’s solutions include Squad, a full-scale digital payments toolkit to make in-person and online payments simpler, HabariPay Storefront, an e-commerce website to facilitate online purchases, Value-Added Services to help merchants access cost-effective and flexible airtime and data bundles to run their businesses, as well as a switching infrastructure that enables tech-focused businesses to optimise cost and make transactions more efficient.

HabariPay’s contributions to Accelerating Digital Acceptance in Africa have not gone unnoticed–it received Mastercard’s Innovative Mobile Payment Solution Award at TIA 2022 for its innovative payment solution, SquadPOS.

About Squad

Squad is a complete digital payments solution that is reliable, secure, and affordable, making receiving in-person and online payments simpler and convenient.

Thousands of merchants currently leverage Squad’s payment solutions for their daily business operations. Squad’s current products and service offerings include SquadPOS, Squad Payment Links, Squad Virtual Accounts, USSD, and E-Commerce Storefront.

Find out more at www.squadco.com.

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Electric 8-Seater Tula Moto Keke Enters Nigerian Market, Targets Higher Operator Earnings

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Electric 8-Seater Tula Moto Keke Enters Nigerian Market, Targets Higher Operator Earnings

 

 

LAGOS — A new electric-powered tricycle with an expanded passenger capacity has been introduced into Nigeria’s urban transport sector, offering operators a potentially more profitable and eco-friendly alternative to conventional petrol-driven “keke.”

 

The newly launched 8-seater electric tricycle, now available in Lagos with plans for nationwide distribution, features a dual-row seating arrangement capable of accommodating up to eight passengers per trip—significantly higher than the standard three-passenger configuration common across the country.

 

 

Promoters of the innovation say the increased capacity is designed to boost daily earnings for operators, particularly amid persistent fluctuations in fuel prices. By running entirely on electric power, the vehicle eliminates dependence on petrol, reducing operating costs and shielding drivers from fuel price volatility.

 

 

According to the distributors, the tricycle is equipped with a durable battery system capable of covering extended distances on a single charge, making it suitable for commercial operations across high-traffic routes, residential estates, campuses, and marketplaces.

 

“The concept is straightforward—enable drivers to earn more while spending less,” a company representative stated. “With higher passenger capacity and zero fuel requirements, operators can maximise each trip without the burden of daily fuel expenses.”

 

Beyond its cost-saving potential, the electric keke is also said to require less maintenance than traditional models, offering additional long-term savings. Its quieter and smoother operation is expected to enhance passenger comfort and overall commuting experience.
Industry analysts note that the introduction of electric mobility solutions reflects a growing shift toward cleaner and more sustainable transportation alternatives in Nigeria, particularly in densely populated urban centres such as Lagos.

 

 

The distributors added that the product is currently available under a limited promotional offer, with delivery options across the country.

 

For inquiries and purchase: 📞 08153432071
📞 08035889103
Office Address:
📍 Plot 9, Block 113, Beulah Plaza,
Lekki–Epe Expressway,
Lekki Phase 1, Lagos

 

As transportation costs continue to rise and environmental concerns gain prominence, innovations like the electric 8-seater keke may signal an emerging transition toward more efficient and sustainable mobility solutions nationwide.

 

Electric 8-Seater Tula Moto Keke Enters Nigerian Market, Targets Higher Operator Earnings

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