Business
New WEF African Global Leaders to Get Aliko Dangote Fellowship
New WEF African Global Leaders to Get Aliko Dangote Fellowship
Eleven young enterprising Africans, among them two Nigerians, who have been named Young Global Leaders (YGL) by the World Economic Forum (WEF) for 2021, are to benefit from the Aliko Dangote Fellowship endowed to support African Young Global Leaders.
The beneficiaries are among 112 persons under 40 years of age, selected as Young Global Leaders by WEF, from across 56 countries.
The two Nigerians, Dr. Abasi Ene-Obong, founder, 54gene and Obi Ozor, the founder of Kobo360, joined the ranks of past Nigerian winners, Ambassador Debo Adesina, former Editor-in Chief of the Guardian Newspapers and current Nigerian Ambassador to Togo, and Mr. Simon Kolawole, CEO of Cable Newspapers Ltd.
While announcing the winners, the WEF confirmed that the African YGLs will benefit from the Aliko Dangote Fellowship, made possible by the Aliko Dangote Foundation (ADF). Till date, 73 Young Leaders from Africa have benefitted from the fellowship.
The aim of the fellowship is to increase the quality and quantity of young African leaders by supporting the engagement of African YGLs in the community, such as those from small enterprises or the non-business sector. The fellowship, WEF added, supports YGLs from Africa to participate in global YGL and Forum events.
The YGL award, according to WEF, “is to recognise and create a platform for a dynamic community of exceptional people with the vision, courage, and influence to drive positive change in the world.”
“We are excited to welcome 112 Young Global Leaders for the Class of 2021. From a gender justice and human rights activist to a multi-award winning artist and advocate for indigenous literacy, to a celebrated leader from the world’s youngest country as well as leaders from business, civil society, healthcare and government.”
Giving a breakdown analysis of the winners, the WEF said among the 56 countries represented in the award, eleven leaders hail from Africa and their work brings the promise of a brighter outlook at a difficult time. “They join a group of Nobel Prize recipients, Pulitzer winners, Heads of state and chief executive officers committed to improving the state of the world”, it noted.
Chief Executive of Aliko Dangote Foundation (ADF), Zouera Youssoufou, congratulated Ene-Obong and Ozor for this accomplishment and urged them to continue raising the Nigerian and African flags.
She said ADF was pleased to have worked with 54gene and Kobo360 at the peak of the COVID-19 pandemic in 2020, when CACOVID partnered various organisations for collaborative efforts to complement the government’s intervention to fight the pandemic.
“We are very pleased to see Dr. Abasi Ene-Obong and Obi Ozor recognised in this way given the remarkable work they and their young team have been able to accomplish recently and especially in this past year. 54Gene and Kobo360, have been integral part of the national rapid response to the COVID-19 pandemic displaying exemplary professionalism, efficiency, dedication, and patriotism. Truly inspirational and further proof that Nigerian and African youth are capable of anything given the right opportunities”, Zouera enthused.
Many of the past winners have gone ahead to prove their leadership and enterprising ability in their various fields of endeavour to justify the essence of the award and the genuineness of their nomination.
A past recipient, Ambassador Debo Adesina said, “I am delighted to have two more Nigerians on the Young Global Leaders list of the World Economic Forum. This is a great honour and I trust that my compatriots appreciate the responsibility this laurel carries as well as the duties that come with it. Of course, it is a recognition that challenges them to be better at whatever they do, given the illustrious cast of honourees before them.
“In my 2005/2006 class of YGLs were accomplished young men and women who, afterward, went to greater heights by expanding the frontiers of excellence in public service, academia, the professions, innovations and all sorts of fields. I was inducted on the same day with Daron Acemoglu, the cerebral economist-academic who co-wrote the best-selling book, ‘Why Nations are Poor,’ Sergei Brin and Larry Page who both founded Google, Ndidi Nwuneli of LEAP Africa, Brian Molefe in South Africa and Prince Harkon of Norway. Gavin Newsom was Mayor of San Francisco then. He went on to be Lieutenant Governor and is now Governor of the State of California in the USA. There were many more across the world in that class and in the years after who are still working hard to make our world a better place. I welcome the new inductees and urge them to keep the light shining for all.
“There is, indeed, no better time than now for all young men and women all over the world, especially these awardees, to commit themselves anew to the goal of charting a clear course of service to humanity and be veritable tools for global development.
Another recipient in 2012, Mr. Simon Kolawole while reacting to the latest list expressed happiness that more Nigerians are being recognised at the international level for good reason.
He stated; “I had a most rewarding experience as a Young Global Leader (YGL) in every sense of it. I gained incredible knowledge from attending short courses at topmost universities and participating in conferences. I interacted with YGLs from diverse cultures and professional backgrounds. The entire experience has helped in shaping my professional career.
To underscore his nomination, WEF said Dr. Abasi Ene-Obong, Chief Executive Officer and Founder, 54gene, has quietly been making waves at the head of one of Africa’s foremost health technology companies, working in the field of gene technology. 54gene was created in 2019 and its stated mission is to understand the genetic factors that lead to disease in Africa.
The African genome has been understudied and misunderstood, according to 54gene, which addresses a vital gap in research and new healthcare solutions. 54gene’s work is included in Time Magazine’s list of the 12 innovations that will change healthcare in 2020.
Ene-Obong was also listed as one of the 30 most innovative entrepreneurs on the African continent in 2019 by Quartz Africa. Prior to 54gene, he worked in a range of pharmaceutical companies and research organisations. He gained a doctorate from the University of London, holding a PhD in Cancer Biology. He also has a Master’s in human molecular genetics from Imperial College London and a Master’s in Business Management from Claremont Colleges, California. As Africa starts punching its weight in science and technology, Ene-Obong is sure to lead the charge for gene-based innovation.
On his own part, Kobo360 floated by Obi Ozor, is a logistic technology company that aggregates end-to-end haulage operations to help cargo owners, truck owners, drivers, and cargo recipients to achieve an efficient supply chain framework.
With only a click of a button, cargo owners can simply request for any truck of their choice and have their goods picked up and delivered to the required location through an all-in-one robust logistics ecosystem. Kobo360 raised $30 million USD in 2019, backed by Goldman Sachs, an impressive feat for a startup.
It would be recalled that the Forum of Young Global Leaders was founded in 2005 by Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, to create a world where leaders take responsibility for a sustainable future while meeting increasingly complex and interrelated challenges. There are 1,400 members and alumni from more than 120 countries till date.
Business
Deadline of Compliance: Nigeria’s Urgent Call for Tax Return Filing
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.
Business
BUA Foods Records 91% Surge in Profit After Tax, Hits ₦508bn in 2025
BUA Foods Records 91% Surge in Profit After Tax, Hits ₦508bn in 2025
By femi Oyewale
Business
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.
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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