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



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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Gladys Moyosore Adetunji Joins Octogenarian Club in Style




By Eric Elezuo

The octogenarian club is one decade above the Bible prescribed three scores and ten age, and it is a thing of utmost joy and grace to hit the 80th year.

For Madam Gladys Moyosore Adetunji, the feeling was exceptional as she was ushered into the octogenarian elite group with pomp and pageantry, and with plenty to drink, eat and take home.

Friends, family members and colleagues from all walks of life left nothing to chance as they gathered in solidarity to give the mama, as she is fondly called, the celebration of her life.

Born on March 15, 1943 to Gabriel Oyebanji Fatoye of Ile Osa-Oke Egan Gbongan and Adebomi Fatoye (Nee Fadele) from Ode Omu I Osun State, Mrs Gladys Moyosore Adetunji began her early education at St Luke’s Primary School Gbongan before proceeding to St Patrick’s Catholic Secondary School, also in Gbongan.

After her secondary educational, she was admitted into the Queen of Apostles Catholic Teachers training College, Oluyoro, Ibadan, to sharpen his teaching skills.

Thereafter, she was employed as a teacher at St Matthew Catholic School Oloba Gbongan, was later transferred to St Matthews Catholic School Ode-Omu and much later to St Martins Catholic School Gbongan.


However, in search of the proverbial greener pastures, she travelled to the United Kingdom in July 1967 to acquire more academic tutelage, and so attended the School of Science and Technology, Notting Hill Gate on arrival, and followed it up with attendance at the London & North-western Polytechnic, Camden Town, London.

Mrs Adetunji has an array of experience, having worked into establishments, especially in the UK

Some of the places where he once plied his trade include Metropolitan Police, Harrods, Selfridges, London Transport on Baker Street, and Greater London Council Harrow Road, London

After a meritorious service to the government and people of the United Kingdom, spanning years, she returned to Nigeria and worked in the following top executive positions:

1.Executive officer at the Federal Ministry of Finance Accountant General’s office in Lagos.

2, Federal Ministry of Agriculture – Department of Forestry Ibadan as executive Account officer

3. Federal Ministry of Agriculture – Monitoring Unit

4. Federal Agric Coordinating Unit – FACU

5. The Federal Ministry of Science and Technology Moor Plantation Ibadan.

6. Federal Ministry of Economic Development

7. Federal Pay Office Ibadan as Assistant Federal Pay officer

8. Federal Pay Office Abeokuta as Federal Pay Officer

9. Federal Ministry of Communication Abuja where she retired as Assistant Director in 2003.

From testimonies and eulogies from loved ones including family members, friends and career colleagues, Mrs Adetunji is no doubt a workaholic and excellent go-getter, who saw all that needed to be seen and conquered.

She is blessed with a lot children a grandchildren, whom she dot a great deal.

We wish you the best of 80th birthday celebration, mama.

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Glamour, Fun As First Ever Alimosho Food Festival Holds in Lagos




By Eric Elezuo

The Youth Centre in the heart of Abesan Town in Alimosho Local Government Area of Lagos State, came alive penultimate Sunday, when Sunquest Discovery Limited in association with Zenith Bank, BandRus, MMS among others hosted the first ever food festival in the area.

Successful in all ramifications, stakeholders in the food sector, from all walks of life, gathered to showcase their culinary skills and technology embedded in the preparation of local and continental dishes and other edibles while calling on the local and state governments to address inflation and tackle the high cost of food materials so as to curb poverty in the country.

Speaking on the intentions behind the festival, the Chairman Sunquest Discovery Limited, the organisers of the festival, My Isiaka Lawal, said the festival was organised to give opportunities to good vendors to showcase their products as well as allow consumers to purchase food at cheaper prices against the high cost in the market.

He added that Alimosho, being the largest local government in Lagos State, was chosen because of its high population as it would afford more people the opportunity to benefit from the event.

“We understand the plight of the ordinary in trying to make a living, and also the fact that eating healthy food at affordable price will help to face the task of building the nation from all fronts.

“The cost of food as well as food shortage have become a problem in Nigeria which should be addressed by the government. While we call on the government to tackle the problem so as to make life easier for Nigerians, we have chosen this food festival to contribute our quota to alleviating the problem,” Lawal said.

He added that the festival also afforded the organizers the opportunity to test run an application which would allow food vendors to market their goods online.

On their part, stakeholders and food vendors also spoke of their expectations from both the government and organisers, citing high cost items as their major challenge.

One of the vendors, Mrs Omoluyi Esther, who deals in sales of local food commended the organizers for putting together the event.

She however, lamented the daily increase in food items, which according to her, is affecting many companies involved in food production business.

“As small scale business owners, there are challenges we are facing such as daily increases in prices of food.

“Today you buy something for N200 and tomorrow it goes up to N500. Government should try to make sure there is money in circulation and bring down prices of food stuff. In that way, they can address food scarcity,” she said.

Another vendor, Mrs Adekunle Olamide of Checkers Food said for the government to reduce poverty, ‘ it should help to reduce in prices of goods.’

“They should make sure there is stability in the economy. The instability is affecting all brands and they are finding it hard to get materials for production. When they increase prices of their goods, it’s the consumers that bear the brunt. So the government should help us stabilize Nigeria’s economy so that brands will find it easier to produce,” she urged.

A Nollywood actor, Joseph Momodu, who was the special guest at the event commended the quality of food on display at the festival.

“The kind of food you see here, you might need to order them online before you get them, but this event has offered people the opportunity to get them at their doorsteps and cheaper. The festival is of great significance to everyone,” he said.

He added: “There is hunger in the land. The government should help us subsidize food stuff to the nearest minimum to make food available. They should also control inflation especially the dollar scarcity so that the common man can do his or her business. They promised us that dollar will go down but it’s not so now. Government should do their business so that the masses can enjoy.”

While appreciating the over 22 ventures, and all the stakeholders and sponsors, who turned up for the successful test run of the first edition, the Creative Director of Sunquest Discovery, Adekoya Afeez, said the quality of food and products was commendable, promising that the subsequent editions of the festival will be bigger, and also be taken to other parts of the state so that the entire state can feel the impact of the fieata.

Adekoya also invited more stakeholders and sponsors to join hands with the company as they get ready to host another edition in no distant time.

The highlight of the event was display of acrobotics and choreographed dance steps from happy participants and distribution of various food items by sponsors including Labule Farms, which gave out lots of garri, Checkers Custard and a host of others.

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Buhari, Osinbajo, Dantata, Sultan, Ooni, Govs, Others Headline Oluwo’s Book Launch




Arrangements are in top gear to mark the 7th year coronation anniversary of the Natural Paramount Ruler of Iwoland, HIM Oba (Dr.) Abdulrosheed Adewale Akanbi next Monday 16th January,2023.

The event scheduled to hold at Marriott Hotel, Ikeja, Lagos will witness the unveiling of his book “Code of Kings”written to register a pathway for the black race in the traditional institution. Nigerians from all walks of life will grace the occasion.

The Chief Executive Officer of Peculiar Ultimate Concern Limited, Engr. Abel Lanre Adeleke is the chairman of the event while Dr. Taiwo Afolabi, Chairman of Sifax Group is the Chief Launcher.

A statement released by Oluwo through his press secretary, Alli Ibraheem, further revealed other dignitaries expected at the occasion ” President of the Federal Republic of Nigeria, Muhammed Buhari, his Vice, Prof. Yemi Osinbajo, the Kano born business mogul, Aminu Dantata, , , Sultan of Sokoto, AlhajiSa’adu Abubakar, Ooni of Ife , HIM Oba Adeyeye Enitan Ogunwusi, Alhaji Aliko Dangote of Dangote Group, Governor Babajide Sanwo-Olu of Lagos, Governor Ademola Adeleke of Osun State, Governor Seyi Makinde of Oyo State, Governor Rotimi Akeredolu of Ondo State, Governor Dapp Abiodun of Ogun State, Governor Abiodun Oyebanji of Ekiti State, former Governor of Osun State, Alhaji Gboyega Oyetola and few other Governors from Northern part of Nigeria are to grace the event”

Notable Royal Fathers, serving federal and state legislators, captains of industries, friends of Oluwo from Canada, United Kingdom, leading entrepreneurs, academic professors and doctors, veteran journalists etc are billed to attend the August event.

The book will form part of Oluwo contribution,to learning,knowledge and history with the strong hope, that the it will correct some distortions in our rich history and liberate Nigerian youth from mental slavery.

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