Business
VANGUARD AWARDS OLAKUNLE WILLIAMS THE ENERGY ICON OF THE YEAR: CELEBRATING THE TIGER OF THE ENERGY SECTOR IN AFRICA
VANGUARD AWARDS OLAKUNLE WILLIAMS THE ENERGY ICON OF THE YEAR: CELEBRATING THE TIGER OF THE ENERGY SECTOR IN AFRICA
BY CHINEDU NSOFOR
Olakunle Williams, the Chief Executive Officer of Tetracore Energy Group, has been honored with the prestigious Vanguard Energy Icon Award 2025. This accolade recognizes his outstanding contributions to the African energy sector and his visionary leadership in driving innovation and sustainable growth.
A Visionary Leader Transforming Africa’s Energy Landscape
Under Williams’ guidance, Tetracore Energy has emerged as a leading energy solution provider, boasting a natural gas portfolio exceeding 75 million standard cubic feet per day (MMScfd) for industrial use and energizing over 300 megawatts (MW) of power generation in Nigeria. His strategic focus on clean and cost-effective energy solutions aligns with Africa’s aspirations for a sustainable future, positioning him as a pivotal figure in the continent’s energy narrative.
Pioneering Gas Innovation and Strategic Collaborations
Williams’ commitment to innovation is exemplified by Tetracore’s recent collaboration with Dangote Cement to supply up to 400,000 standard cubic meters per day of Auto Compressed Natural Gas (Auto-CNG) for its logistics operations. This partnership marks a significant step towards achieving the goals of President Bola Ahmed Tinubu’s Presidential CNG Initiative (Pi-CNG), highlighting Williams’ role in advancing Nigeria’s energy transition.
Accolades Reflecting Excellence
Olakunle Williams’ remarkable leadership, visionary drive, and consistent dedication to transforming Africa’s energy landscape have earned him several prestigious accolades both locally and internationally. In 2022, he was honoured with the Nigeria Domestic Gas Ambassador Award by the Nigeria Gas Association in recognition of Tetracore’s outstanding commitment to deepening domestic gas utilization across Nigeria. This was closely followed in 2023 by the Innovative Gas Company of the Year Award presented by the Nigeria Gas Investment Forum, celebrating Tetracore’s pioneering contributions to innovation within the gas industry. His transformative leadership qualities were further acknowledged in 2021 when he received the Energy Personality Leadership Prize for African Leadership Excellence, highlighting his role in reshaping the African energy sector. Williams’ growing influence was also solidified when the African Energy Chamber listed him among the 25 Energy Personalities to Watch in 2022, positioning him as one of the most dynamic leaders shaping Africa’s energy future. In 2023, The Guardian Nigeria further amplified his reputation by featuring him among Nigeria’s 50 Most Inspiring and Definitive Top CEOs in its Annual CEO Series. His exceptional contributions to leadership and corporate governance earned him the Professional Doctorate and Corporate Leadership Excellence Award in 2025, conferred by the Chartered Institute of Public Resources Management and Politics (Ghana). In the same year, he bagged the Innovative Sustainable Energy Provider of the Year Award at the Nigerian Business Leadership Awards (NBLA), organised by BusinessDay, for his strategic and sustainable energy solutions. Notably, Williams’ continental impact was recognized with the CHOISEUL 100 Africa’s Economic Leaders Award, celebrating his outstanding role in shaping Africa’s economic and energy landscape and affirming his position as a key figure in Africa’s development story.
An Illustrious Career Dedicated to Energy Advancement
With over 16 years of experience across the natural gas and power value chains, Williams’ career includes roles such as Consultant on the Energy desk at Deloitte Nigeria and leading Commercial Advisor at the Nigerian Gas Company Limited. His academic credentials include a Master of Business Administration from the University of Bradford School of Management (UK), and he is a Project Management Professional, Chartered Management Accountant, and Fellow of the Institute of Management Consultants. Williams is also a member of several professional bodies, including the International Bar Association (IBA), Chartered Institute of Taxation (CITN), and the Institute of Arbitrators (UK).
Driving Sustainable Energy Solutions
Tetracore Energy, under Williams’ leadership, has significantly expanded its natural gas portfolio in alignment with Nigeria’s ‘Decade of Gas’ initiative and the country’s Energy Transition Plan (ETP). The company’s focus on projects that impact industrialization and energy access includes a long-term contract to supply up to 40 MMScf/d of gas to the Rongtai Industrial Park in Edo State and 60 MMScf/d of natural gas to the Niger Delta Power Holding Company (NDPHC), supporting 34% of electricity generation to the Nigerian grid.
A Legacy of Excellence
Olakunle Williams’ recognition as the Vanguard Energy Icon 2025 is a testament to his unwavering dedication to excellence, innovation, and sustainable development in Africa’s energy sector. His recognition as a CHOISEUL 100 Africa’s Economic Leader and BusinessDay’s Innovative Sustainable Energy Provider of the Year further solidify his position as one of Africa’s most influential figures in the sector. Williams’ leadership continues to inspire and drive progress, earning him a reputation as the “Tiger of the Energy Sector” in Africa. The Vanguard Recognition/Vanguard Award further solidifies his legacy as a transformative and visionary force in shaping Africa’s energy future.
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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