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Philips Consulting CEO’s Report exposes real estate industry’s worst fears

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About 84 per cent of chief executive officers in Nigeria have agreed that the real estate industry in Nigeria is plagued due to the pandemic, especially, companies in the business of office rentals. This revelation is contained in the recently published CEO Report, a Philips Consulting initiative for 100 Nigerian business leaders.

The pcl. CEO Report further stated that 83percent and 55 percent of CEOs have adopted a ‘Work From Home Strategy’ and ‘Standby Model Strategy’ respectively, and are beginning to question the need for large office spaces.

“Only 46 per cent CEOs are considering retaining their current offices, while others will seek smaller and cheaper offices, shared offices, or adopt an entirely virtual working model,” added the Report.

 In commercial cities like Lagos where massive high-rise office complexes are commonplace, real estate players must be ready for a shift in demand. They might be forced to repurpose their buildings or provide new services to suit the new mode of work, the Report recommended.

The pcl. survey that recently engaged 100 Nigeria business leaders on the current economic landscape and presented the insights in its “CEO Report” said, “One word that best describes today’s business environment is “uncertain”. The ‘new normal’ occasioned by the effects of the Coronavirus pandemic is gradually fading away and being replaced by what is termed the ‘next normal’.

Amidst the frenzy of realigning strategies to better position businesses for recovery after the pandemic, the Philips Consulting’s CEO, Rob Taiwo mentioned that “We have been hit with the harsh reality that the Coronavirus might be here to stay. There is no going back to normal; instead, we have a next normal that is unpredictable.”

He said, the conversation to be had now is how to prepare for a future full of unknowns. 

Speaking on which industries benefit from the crisis, Taiwo, a transformational leader said, “Globally, the IT sector experienced a surge in the wake of the pandemic, as a result of the shift to remote working. This resulted in a heavy reliance (or dependence) on IT products for both personal and business purposes. 

Nigeria is no exception, he stated, “From our survey, 86 per cent of CEOs reported that the pandemic led to them improving the IT infrastructure of their organizations. Our respondents predict that Nigeria’s healthcare, agribusiness, and manufacturing industries stand to benefit from the next normal.”

“They expect the professional services industry to experience comparatively minimal disruption. This is primarily due to their vast array of services, relatively low operational expense, lean and agile business model, and legacy clients.”

On the levels of preparedness for the pandemic, the Report said, only 6 per cent of CEOs reported that their organizations were prepared for the pandemic. Hence, it comes as no surprise that 55 per cent of Nigerian businesses are currently operating below 50 per cent of their operating capacity.

The 6 per cent mentioned above stated a strong leadership team as the most critical factor of their preparedness. Other important factors include having a robust business continuity plan, government support, and a well-articulated business strategy.

On forging ahead into the next normal,  the CEOs Report revealed that 57 per cent of CEOs expect that the earliest possible time for the business environment in Nigeria to normalize will be August 2021.

CEOs are increasingly taking responsibility for their companies, and are not necessarily looking up to the government for solutions to the problems occasioned by the pandemic. As against the 79 per cent of CEOs that voted in the 2019 general elections, only 67 per cent of CEOs reported that the pandemic would make them more interested in the outcome of the 2023 election.

Taiwo said, “Results from our survey showed that the Nigerian government and business leaders should pay close attention to the post-COVID19 policies and strategies of the United Kingdom, China, and the United States of America as these will have the most profound impact on the Nigerian business environment.

“At pcl., we are committed to working with our clients and partners to build and develop people’s capabilities, technology systems and processes, effective and robust strategies, and business continuity plans. Let us work with you to future proof your business in the next normal.”

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General Buratai to deliver University of Ilorin’s distinguished personality lecture

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Tinubu’s ‘Renewed Hope’ Agenda: General Buratai Remains Loyal, Rebuffs Misinformation – Engr Hassan

General Buratai to deliver University of Ilorin’s distinguished personality lecture

 

​The Department of Criminology and Security Studies at the University of Ilorin has announced that a former Chief of Army Staff and former Ambassador to the Republic of Benin, Ambassador Lt. General (Rtd) Tukur Buratai (CFR), will deliver its prestigious Distinguished Personality Lecture.

 

​The lecture is scheduled to take place on Saturday, 23rd May 2026, at the University Auditorium by 10:00 a.m. The Vice-Chancellor of the University, Prof. Wahab Olasupo Egbewole (SAN), is expected to be the Chief Host, while Dr. Monsurat Isiaka (Ph.D.), Head of the Department, will serve as Host.

 

​Buratai, who brings a wealth of unmatched experience from his military and diplomatic service, will be speaking on the critical theme: “The Armed Forces of Nigeria and National Security: The Youth and National Aspirations.”

 

​The lecture aims to foster critical conversation about Nigeria’s future security landscape, the pivotal role of the armed forces in national stability, and the interplay between national aspirations and the country’s youth population.

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From Global Stages to Public Service: Media Mogul Fidelis Duker Officially Joins House of Reps Race for Akpabuyo/Bakassi/Calabar South

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From Global Stages to Public Service: Media Mogul Fidelis Duker Officially Joins House of Reps Race for Akpabuyo/Bakassi/Calabar South

 

CALABAR, NIGERIA – Renowned media practitioner, veteran filmmaker, and global cultural ambassador, Fidelis Duker, has officially declared his intention to run for the Federal House of Representatives, representing the Akpabuyo/Bakassi/Calabar South Federal Constituency.

In a definitive move that bridges the gap between international enterprise and grassroots governance, the Henshaw Town-born pioneer has successfully picked up his Expression of Interest (EOI) form under the platform of the NNigeria Democratic Congress (NDC).

Duker’s entry into the legislative race brings an unprecedented level of global exposure and professional pedigree to Cross River State’s political landscape. For over three decades, he has stood as a towering figure in Africa’s creative economy.

As the founder of the Abuja International Film Festival West Africa’s longest-running film festival, and the Regional Secretary General for the Federation of Pan African Filmmakers (FEPACI), Duker has consistently flown Nigeria’s flag at prestigious international fora worldwide. From presenting the brilliance of African storytelling at the legendary Cannes Film Festival in France to driving strategic industry dialogues across Europe and Africa, his extensive global travels have positioned him as a master of international relations and resource mobilization.

“Our constituency does not suffer from a lack of potential; it suffers from a lack of structured, globally competitive representation,” Duker stated following the collection of his nomination documents. “My career has been defined by creating wealth, building platforms, and placing Nigerian talent on the world map. I am stepping into this race to deploy that exact same global network, corporate discipline, and innovative leadership to bring sustainable development, youth empowerment, and infrastructure to Akpabuyo, Bakassi, and Calabar South.”

Duker’s visionary campaign is backed by an elite, multi-disciplinary educational background curated from top-tier local and international institutions. He holds credentials from the prestigious Nigerian Institute of Journalism and Crawford University, alongside advanced professional training from the University of California, Los Angeles (UCLA). His world-class expertise in broadcasting and mass communications was further sharpened at the globally acclaimed BBC Training Academy and the Deutsche Welle Training Akademie, complementing his academic roots at the Cross River University of Technology.

As the Chief Executive Officer of FAD Media Productions—the powerhouse behind FAD 93.1 FM Calabar, FAD FM 101.3 Abuja and FAD 360 TV, Duker is already one of the largest private-sector employers of youth in Cross River State. His legislative blueprint vows to replicate this success on a macro scale by introducing bills that will be tech-driven youth development projects, positioning bills that will attract foreign direct investment to the constituency’s coastal assets, and ensuring uncompromising transparency in the execution of constituency projects.

The NDC leadership and various community support groups have warmly received his candidacy, describing it as a breath of fresh air and a critical step toward elevating the constituency to international standards of governance and economic growth.

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Ileya Tonic : King Saheed Osupa Announces New 2-in-1 Album, Acapella & Metamorphosis

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Ileya Tonic : King Saheed Osupa Announces New 2-in-1 Album, Acapella & Metamorphosis

By Alhaji Arems (Baba Fuji)

 

 

Veteran Fuji musician King Saheed Osupa is set to release a new 2-in-1 album titled Acapella & Metamorphosis on May 26, 2026.

The announcement was revealed through promotional materials shared across the singer’s official social media pages, where anticipation has already started building among longtime fans of the Fuji icon. The artwork for the project presents Osupa in a calm and regal setting, matching the mature image he has maintained throughout his career.

While full details about the tracklist and featured artists are yet to be officially released, the title of the project has already sparked conversations online. “Metamorphosis” suggests a new phase or evolution, while “Acapella” hints at a more raw or expressive musical direction. Together, both titles point toward a project that may combine classic Fuji elements with a refreshed sound and message.

Over the years, Osupa has remained one of the most respected voices in Fuji music, known for his deep lyrical style, cultural storytelling, and loyal fanbase across Nigeria and beyond. Even as the music industry continues to evolve, the singer has maintained strong relevance, especially among audiences who appreciate traditional Yoruba-rooted sounds blended with contemporary production.

The decision to release a 2-in-1 album also stands out at a time when many artists are focusing on shorter projects and singles. For established acts like Osupa, larger releases often serve as a statement of longevity, consistency, and artistic confidence.

Fans have continued to react positively to the announcement online, with many already counting down to the release date. The project is expected to arrive on major streaming platforms including Spotify, Apple Music, Audiomack, Boomplay, YouTube Music, TIDAL, and Deezer.

With the official release now scheduled for May 26, listeners will be watching closely to see what King Saheed Osupa delivers on Acapella & Metamorphosis and whether the project marks another defining moment in his long-running career.

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