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Investment in Football Capable of Growing Nigeria’s Economy – Abubakar Lawal, GMD, GTI Group

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Photos by Ken Ehimen

In the face of several challenges that have in recent times befuddled optimal performance in Nigerian football, preparations for the Russia 2018 Mundial has succinctly buttressed the importance of investing in the sector, which holds great economic potentials for the country.

This fact was made bare at the GTI’s first Football Townhall Meeting with investment and finance analysts, policy makers; finance and sports journalists in a brainstorming session on football and its subservience to economic development, at the GTI House in Lagos on Thursday, June 7, 2018.

MD GTI Asset Management, Mr. Amos Aledare

Speaking at the event, the Group Managing Director/Chief Executive Officer, GTI Capital Group, Mr. Abubakar Lawal tasked Nigerians to see the period as best time to invest in sporting activities, especially football as a business that is capable of growing the nation’s economy.

Engineer Adewunmi Adeyemo, MD GTI Micro-finance Bank, Mrs. Hauwa Haruna-Sheidi with a guest

The GMD hinted that, “Apart from oil production in the country, football and other sports competitions have occupied a vantage position in building the desired economy for the country. He reaffirmed the need to shift attention to sporting activities from oil”.

He pointed out that with possible combination of football and oil exploration development, the nation could easily tackle the high rate of poverty level which currently stands at 60.7 percent, grow the GDP and position Nigerian economy on strong pedestal.

Answering questions on how the country missed it, Lawal identified government’s succession problem, negative perceptions against the country and its citizenry, corruption, nationalist problems and other sharp practices like bending the rules as responsible for sports underdevelopment in Nigeria, pointing out that sports provided a veritable platform for public and private sectors to make money for the country and citizens.

Finance Director GTI Group, Mr. Boye Adegbemi with Engr. Adewunmi Adeyemo

On his own part, the Chief Economist/Head, Corporate Transformation, GTI, Professor Martin Ike-Muonso, argued that football in Nigeria served as a means of social cohesion and the building of the communities.

According to him, as at 2012, about 43 million Nigerian youths were actively involved in sports with official statistics suggesting that about 93 percent of this number were involved largely in football.

He said, “3.53 percent of these numbers were professionals while the rest were involved solely for recreational purposes as fans. This is consistent with 2014 Repucom world football report which equally found out that about 85 percent choose football as the favorite sports to watch on TV.

Mr. Nnamdi Obi with Mrs. Olufunke Tona-Obafemi

He further harped on the enormous economic benefits of the game to the country quoting its stupendous accrual to the UK economy.

“The premier league presents a fantastic example of the prospects held by the football economy. The league’s economic impact on the UK economy shows that it improves the national economy by 6.2 billion pounds; domestic output by 3.4billion pounds and 2.4billion pounds in taxes. Over 6000 jobs are directly provided by the league while it supports the provision of more than 103 thousand jobs across the UK through the clubs.”

Mr. Pius Ayinor

Elaborating on the course to take while investing in the sector, Professor Martin averred that;

“A mutual fund type investment vehicle that focuses exclusively on establishing a vibrant football ecosystem may be a good stimulator of these initiatives. Such a vehicle should be able to use the extant tremendous support base to translate the value chains in the sub sector into vibrant generators of surplus values. Substantial parts of funds should be invested in the upgrade of football infrastructure and real estate such as stadia. It should also support the emergence of vibrant clubs and construction and implementation of adequate safety nets for current and past players and eventually birth a private sector driven league”.

Mr. Pius Ayinor, GMD GTI Group, Mr. Abubakar Lawal, Lagos SWAN Chairman, Mr. Debo Oshundun with Group Sports Editor, The SUN Newspapers, Mr. Emma Jemegah

The Managing Director, GTI Asset Management and Trust Limited, Mr. Amos Aledare, listed public, private participation in growing football, encouraging rural talents, personal interest on the side of the coaches, signing of age long football strategic plans and strengthening policy framework in favour of football as leeway to getting back the desired benefits of playing football.

He also called on other stakeholders to commence with immediate effect, major restructuring and investment in the sub-sector and in line with best practices.

Chief Economist and Head, Corporate Transformation, Prof. Martins Ike-Muonso

Several other inputs from participants in the Football Town hall meeting emphasized the need for corporate institutions involvement in football, abstinence of personal interest of the coaches to uphold national interest, a detour to the grassroots to raise talents, an end to legal tussles in NFF, an end to setting up of football clubs mainly as means of siphoning funds from Government etc.

Company Secretary, GTI Group, Ms Omotayo Akapo with MD GTI Micro-finance Bank, Mrs. Hauwa Haruna-Sheidi

Other suggestions to move the game ahead were; calling on government to come up with policies that will enhance private participation, promote  conducive business environment to enable local production of kits and jerseys,  Infrastructural development, playing by the rule and kick out corruption, creating efficient  system that will allow private businesses to come in, following the best practice as done by the rest of the world while  restoring investors’ confidence, integrity and transparency in order to put the world number one sport on proper track in the country.

 

 

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Adeleke Celebrates Owa Obokun, Ijesa People on Iwude Ijesha Festival

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The Governor of Osun State, Senator Ademola Adeleke has congratulated the Owa Obokun of Ijeshaland, His Imperial Majesty, Oba Clement Adesuyi Haastrup, Ajimoko III, and the people of Ijeshaland on the anniversary of this year’s Iwude Ijesha celebration, describing the occasion as the celebration of culture at its finest.

Governor Adeleke salutes the cherished history behind the occasion and honours its profound bearing in uniting Ijeshas towards the development of Ijeshaland, hailing the moment as not just of celebrations but also a platform to fertilise ideas to drive enviable progress for Ijeshaland.

“I felicitate with the paramount ruler of Ijeshaland, His Imperial Majesty, Oba Clement Adesuyi Haastrup, Ajimoko III, on the occasion of this year Iwude Ijesha celebration. In that same light, I rejoice with every sons and daughters of Ijeshaland on the significance of the Iwude Ijesha celebration,” Governor Adeleke noted in a congratulatory message.

“While Iwude Ijesha highlights the rich culture of the Ijeshaland, it spotlights the unity of the people and its propensity to drive progress. As a government, we cherish the symbolism of the Ojude Oba and celebrate the unity of purpose that the occasion conveys.”

While wishing Kabiyesi and the people of Ijeshaland a joyous celebration, Governor Adeleke reiterates his deep respect for the richness in the culture of the Ijeshas and assures them of his commitment to the development of Ijeshaland.

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Senator Olubiyi Fadeyi, Wife Olajumoke, Bag Top Yoruba Titles in Ile-Ife

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By Eric Elezuo

The historic city of Ile-Ife, the domain of the influential Ooni, in Osun State, came very alive during the week, as the energetic Senator representing Osun Central in the National Assembly, Olubiyi Fadeyi Ajangunla, and his wife, Erelu Olajumoke Fadeyi, were installed as the AJAGUNLA OODUA TI ILE YORUBA and ERELU AJAGUNLA OODUA OF THE SOURCE by the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, at the Palace Ile-Ife.

The event reflects crowning the Ajangunla, who signifies great warrior, and protector of the entire Yoruba race; guarding and shielding the residents against external aggression. That’s the office Senator Fadeyi and his wife, Erelu Olajumoke, have ascended among the Yoruba people.

Classy and debonair, Senator Fadeyi and wife chose to make the days of the coronation one to remember, and give guests and dignitaries, who came from far and near the pampering required of a such a occasion.

The events began with a solid get together soiree, organised and held at the Harvard Hotel, where early callers were treated to good music, classy dishes and splendid entertainment, providing avenues for rewarding networking.

Attending to grateful guests, Senator Fadeyi, dressed in all white kaftan, and the Erelu in a free green and red round neck sleeveless gown, were full of smiles, acknowledging the presence of all and sundry.

With a live band dishing out evergreen music to the joy of the guests, and splendid dishes and beverages making sporadic and ceaseless rounds on the table, the evening proved to be an acceptable progenitor to the anticipated main billed for the next day.

Of course, the next day lived up to its billing with more guests storming the historic ancient city in what appeared to be everyone on white affair.

The entrance of the celebrants was a testament in elegance as traditional Palace staff, in their white loins and leopard skin, formed a two-line squad through which the Ajangunla and his wife, made their revered entry accompanied by close family members, friends and associates. The entry was followed by the loud and impressive appearance of the Ooni of Ife, signaling the beginning of the coronation ceremony.

The installation was brief, but highly monumental, bestowing the great warrior status on the couple, giving them prominence and influence, not only in Ile-Ife, but the entire Yorubaland.

With the who’s who in Yorubaland in attendance, the goodwill messages began to flow, acknowledging the Ooni first as a primus interperes, who has reign over the kingdom in 10 fruitful years, and the newly crowned couple for their steadfast contributions to the uplifting of the society, with special mention of their immediate locality, Ile-Ife and Osun State.

It was therefore, with pride that the couple took their first sacred steps as the Ajangunla Oodua and Erelu Ajangunla Oodua in preparation to begin an gracious duty of standing for the Yoruba race at all times.

Thereafter, the mother of all reception was held at an outdoor ground of the Obafemi Awolowo University with the best of music, from the evergreen voices of Chief Commander Ebenezer Obey, and Yinka Ayefele, just a-list dishes, beverages and accurate networking flowed freely on the night.

Among very important personalities that graced the event with their presence were the Deji Of Akure, Oba Aladetoyinbo Ogunlade Aladelusi; the Olowo of Owo, Oba Ajibade Gbadegesin; the Alara of Ilara, Oba Folarin Ogunsanwo; the Orangun of Oke-Ila, Oba Adedokun Abolarin; Osun State Council of Obas, Firstlady of Ondo State Lady Oluwaseun Aiyedatiwa, Princess Toyin Kolade, Mr Kayode Kolade, Chief Alex Duduyemi and a host of there.

PRESIDENT TINUBU GREETS AJAGUNLA ON CORONATION 

President Bola Ahmed Tinubu warmly congratulates Senator Olubiyi Oluwole Fadeyi, Senator representing Osun Central Senatorial District, on his prestigious conferment as the “Ajagunnla-Oodua Ti Ile Yoruba” by the Ooni of Ife, His Royal Majesty Oba Adeyeye Enitan Ogunwusi, Ojaja II.

President Tinubu describes the honour as well-deserved in recognition of Senator Fadeyi’s distinguished service to the advancement of his community, the Yoruba nation, and Nigeria as a whole.

The President notes that the Ajagunnla-Oodua title carries profound cultural significance within the Yoruba traditional institution and reflects the Ooni’s confidence in Senator Fadeyi’s character, contributions, and devotion to the values of unity, peace building, and development.

“Senator Fadeyi has shown exemplary dedication to public service and the upliftment of his people. This honour from the Ooni of Ife is not only a personal milestone but also a national celebration of excellence, integrity, and cultural heritage,” the President says.

President Tinubu commends the Ooni of Ife for continuing to uphold the revered Yoruba traditions by recognising individuals who embody leadership, compassion, and communal responsibility.

He prays that the new Ajagunnla-Oodua will be strengthened with greater wisdom and renewed commitment as he undertakes his latest responsibility.

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Elderly Community Outreach Brings Hope, Wellness to Ikorodu Seniors

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The Leezeet Tender Heart Foundation, in partnership with Divine Care Hub, has held an inspiring Elderly Community Outreach Programme in Ikorodu.

Led by the founder, Mrs. Elizabeth Adegbite, the event celebrated and supported senior citizens, widows, and orphans, highlighting the importance of mental, physical, and social well-being for older adults.

The programme, themed “Promoting Economic Empowerment & Mental Wellness Among Older Adults,” included prayers, praise and worship, gentle exercises, massage therapy, nutrition talks, and economic empowerment sessions. Ms. Abimbola Shaba shared tips on Affordable Nutrition and Healthy Living for the Elderly, while Mrs. Adigun and Ms. Loveth highlighted social welfare and economic opportunities.

Creative moments included a heartfelt poem by Mrs. Grace Oni and a colorful senior fashion parade coordinated by Mrs. Oladehinde, reminding everyone that style has no age limit. The event was beautifully anchored by MC Mrs. Adebo and concluded with a vote of thanks by Mr. Fabunmi.

Mrs. Adegbite called on the Ikorodu community, NGOs, and individuals to step up interventions for the elderly, stressing that together, communities can ensure dignity, care, and hope for all seniors.

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