Commentaries
POF: An instrument of oppression, impoverishment

By Segun Musa The CRFFN Board and our amiable Honorable Minister of Transport need to task their brains on creating a sustainable genuine economy that would fund this agency if the Federal government does not have the capacity for funding, instead of taxing the already overtaxed citizens. POF is nothing but an instrument to further impoverished our young struggling practitioners. Interestingly, I am the architect of the birth of this nomenclature during the days of misunderstandings between my association and a sister association at the airport on how to mutually enhance fair sharing to benefits our members contributing from proceeds of their hard-earned incomes from their daily jobs to the association’s pool account at the airport. Anybody having a contrary idea of how this came into the limelight should come out and give details. When the CRFFN, through the POF sponsors that thought of taking our members’ contributions to the board for fair sharing would be the solution, I resisted it because the government does not share revenue proceeds with any private sectors and whoever is advocating to gazette such is only deceiving you because it would never last if at all you are able to jump-start it. I would like to use the airport as a case study. Our members contributed token voluntarily out of their hard-earned profits to save for rainy days to the association’s pool. Interestingly, we have independent members and some multinationals that do not contribute because it is voluntary with no compulsion. While serving as a Chairman at the airport, I pulled out my association from the arrangement and stopped the collections as a protest and all this is to justify that the arrangement is nothing but voluntary. The essence of this arrangement is to ensure that members in need can get adequate supports from the pool they had contributed or contributing to when they had the opportunity at the time/points of needs The same way governments of most viable countries of the world do support their working citizens when they are out of work to cater for a few of their immediate urgent needs. This is not to justify that all leaders managing the funds always do justice to the disbursements Unfortunately, few individuals out of self-interest decided to use the strength of the Federal government to hijack public voluntary contributions without minding what becomes of the contributors at the end of the day nor thinking of what becomes of the associations with this great lofty idea, especially during the painful time of needs? It is on records that only at the airport that we do not carry exercise books around begging for assistance at the point of emergency because we have proactive leaders managing the pool effectively on behalf of their members. I am not unaware that some Freight forwarders at the Seaports who have not put similar measures in place might not be able to comprehend or feel the pains of few stakeholders that have selflessly put this system in place at the airport for the benefits of members. I think that seems to be the singular reason why some of them are in full support of the fraudulent POF collection. I singularly believe it is better for associations to work with their feeder cadres at chapter levels to generate more voluntary contributions for the benefits of their associations and their members than allowing the government to legitimise illegality and hijack little efforts from the chapters just because of sweet promises that would never come to reality (speaking from experiences in engagements with the government) The brain behind the formation of CRFFN Is to gather think-tank groups in the holistic freight transport businesses which include all cluster groups like shipping liners, transporters, freight forwarders, supply chain managers, terminal operators, customs brokers, maritime lawyers, airliners, aviation ground handlers, GSAs, Vessel charterers, Vessel Owners, Courier operators and all other relevant operators to developed framework ingredients on documents guided by the established articles of the CRFFN Act to enhance knowledge acquisition, professionalism, promotions of high ethical standards in business and profession, fostering synergies amongst players and above all to elevate Nigeria to the high level of global best practices and standards in the committee of nations. With the aforementioned, where does tax collection comes in? I have painfully listened to few self-centered individuals trying to smuggle out or twist some articles of the CRFFN Act to mean collections of tax for the government for the purpose of financing budgets and it is most unfortunate how people blackmail our government as an insensitive regime. This is not only shameful for private business people that should be concentrating on their core competencies rather than devoting their precious time looking for how the government would take advantage of already over-taxed citizens to steal from them again just for a token commission. If CRFFN has lost relevance and felt that the only way to survive is to tax members rather than task their brains, I would gladly like to be the first person to move for the cancellation of this Council if we can not ensure we put like-minds in the board with full knowledge of what the CRFFN Act stands to achieved as a primary priority and stop this misplacement of priority. I can not ignore some great members of the CRFFN Board and some Management staff who are doing wonderfully well to carry on the crusade of professionalism despite all odds and especially lack of sufficient funding from the federal government. These great minds are definitely not on the same page with few who are trying to use the platform to exploit innocent citizens that do not know their rights. Once again, any terminal or warehouse operator that stops the operations of freight forwarders at any gateway would not only pay for damages but would also be blackmailed globally. Why we await our amiable Honorable Minister of Transport and his colleagues Hon. Minister of Finance, Auditor General of the Federation and Attorney General of the federation who were allegedly said to have promoted, sponsored, prepared and endorsed the RED Gazette to enforce fraudulent revenue collections to come and defend the insensitive gazette publicly, we can call on all our critical stakeholders to see this collection as wishful thinking. Segun Musa is a politician, notable freight forwarder and public commentator
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Commentaries
Dapo Okubadejo – Visionary leader poised for greater responsibilities in Ogun State

Olufemi Orioye
As the political landscape of Ogun State continues to evolve with an eye on the 2027 general elections, one name that is increasingly being highlighted as a strong contender for the Deputy Governorship seat is Honorable Dapo Okubadejo, the Economic Adviser to Governor Dapo Abiodun and the state’s Commissioner for Finance.
Okubadejo has, over the past few years, proven his exceptional leadership, financial expertise, and unwavering commitment to the development of Ogun State.
His strategic vision and remarkable track record make him not just a key player in Ogun’s economic progress but also a potential catalyst for even greater growth under the leadership of Senator Solomon Adeola as the incoming governor of the Gateway state
A Financial Maestro with Proven Expertise
Honourable. Dapo Okubadejo’s journey into public service began with an impressive academic background and a career that spans several years in both the public and private sectors.
As the Economic Adviser to Governor Dapo Abiodun and the Commissioner for Finance in Ogun State, Okubadejo has demonstrated remarkable financial stewardship, steering the state’s economic activities with a blend of innovation, accountability, and transparency.
His ability to manage the state’s finances during times of economic uncertainty, alongside his strategic thinking and problem-solving skills, has earned him the admiration of his colleagues and the public alike.
Role in Ogun State Government
Since joining the Ogun State government in 2019, Okubadejo has been a key figure in shaping the state’s economic policies.
-He leads the state’s economic management team
-Oversees budgeting, revenue generation, and fiscal planning
-Helps design and implement economic reforms and development strategies
-His work has focused on improving internally generated revenue, attracting investment, and strengthening financial governance in the state.
One of his notable achievements has been his role in stabilizing the state’s revenue generation systems.
Under his leadership, Ogun State has witnessed a remarkable improvement in internally generated revenue (IGR), reducing reliance on federal allocations.
Okubadejo through his intellectual prowess with his financial expertise has increased the state internal generated revenue from the paltry sum of twenty million naira annually before the current administration to almost three hundred million naira annually while the state’s annual budget of its former four hundred and fifty million naira has also increased to over one trillion naira within seven years in office
This feat has not only enhanced the state’s financial autonomy but has also allowed for greater flexibility in executing developmental projects aimed at improving the lives of residents.
His work on creating a more efficient budget system has allowed Ogun State to channel resources towards key infrastructural projects, education, and health initiatives, creating a ripple effect that benefits the state’s entire economy.
With the forthcoming 2027 elections in sight, Okubadejo’s financial acumen is seen as a valuable asset in managing the economic demands of the state, making him a strong candidate for the deputy governorship role
Who is Dapo Okubadejo?
Dapo Okubadejo is a Nigerian financial expert, investment adviser, and politician who plays a central role in the economic management of Ogun State.
He currently serves as the Commissioner for Finance and Chief Economic Adviser to Governor Dapo Abiodun, positions he has held since 2019.
Background and Education
Okubadejo was born in Ogun State, Nigeria, and hails from Ijebu Ode.
He studied Agriculture at Obafemi Awolowo University and later earned a master’s degree in International Finance from the University of Glasgow.
Professional Career
Before joining government, he built a distinguished career in global finance:
He started at Arthur Andersen in 1992, rising to senior management
He became an Equity Partner at KPMG by serving as Head of Deal Advisory and Private Equity for West Africa and later Africa
Okubadejo worked extensively on corporate finance, mergers and acquisitions, and investment advisory across multiple sectors
He is widely regarded as an expert in international finance, project finance, and investment strategy, advising both governments and private investors
Reputation Within policy and business circle
Okubadejo is known for his technical expertise, strategic thinking, and strong background in global finance.
His influence in Ogun’s economic planning has made him one of the most prominent technocrats in the state’s administration.
In simple terms, Dapo Okubadejo is a top financial strategist in government, combining private-sector experience with public service to manage and guide Ogun State’s economy.
A Vision for Ogun’s Future
Okubadejo’s approach to governance has always been rooted in the vision of a prosperous and self-reliant Ogun State.
His involvement in strategic economic planning has positioned the state to be one of the top economic hubs in Nigeria.
His work on the Ogun State Development Plan, a comprehensive blueprint designed to take the state into the next decade of growth, is a testament to his long-term vision.
In recent years, Okubadejo has worked closely with Governor Dapo Abiodun to champion initiatives that will diversify the state’s economy beyond its traditional agricultural base.
He has been a vocal advocate for the growth of the state’s industrial and technological sectors, recognizing that sustainable growth will depend on the development of these critical industries. Under his guidance,
Ogun has attracted both local and international investors, with the state’s manufacturing and technology parks seeing significant expansions.
His forward-thinking policies also emphasize the empowerment of local entrepreneurs and the creation of an environment conducive to innovation.
These initiatives not only stimulate job creation but also lay the foundation for a more resilient economy in the face of global challenges.
Strong Leadership with Community Focus
What sets Okubadejo apart from other political figures is his focus on the people.
He has consistently emphasized the need for governance that listens to the aspirations of the citizens and aligns policies with their needs.
In his various roles, Okubadejo has worked tirelessly to improve the welfare of the average Ogun resident, prioritizing education, healthcare, and infrastructure development.
His leadership style is centred on collaboration and inclusivity.
Whether it’s working with other government officials, the private sector, or the general public, Okubadejo believes in building consensus and fostering unity.
His focus on transparency has earned him the trust of both the government and the people, a crucial quality for anyone seeking to hold a high office.
As the Economic Adviser to Governor Abiodun, Okubadejo has acted as a bridge between the state and its international partners, bringing in crucial investments and resources that have accelerated Ogun’s development
His ability to navigate the complexities of global economics while staying grounded in local needs has set him apart as a visionary leader with the kind of global perspective necessary for Ogun to thrive in the coming years.
A Partnership with Senator Solomon Adeola
With the selection of Senator Solomon Adeola as the Ogun State APC gubernatorial candidate for the 2027 elections, the stage is set for a formidable partnership between two leaders who are committed to the state’s prosperity.
Adeola’s wealth of experience in the Senate, coupled with Okubadejo’s financial expertise, presents a strong combination capable of driving Ogun’s next wave of development.
Okubadejo’s deep understanding of state finances, paired with Adeola’s experience in federal legislative matters, makes them a powerful duo in the pursuit of greater infrastructure, job creation, and economic development in Ogun
The synergy between the two would create a dynamic team ready to confront the challenges of governance with confidence and competence.
A Bright Future for Ogun State
As the 2027 elections draw near, Ogun State’s political landscape looks set for transformative changes.
Honourable Dapo Okubadejo’s potential as the next Deputy Governor is undeniable.
His solid record in public service, combined with his clear vision for the future, makes him a fitting choice for a leadership role that demands both experience and foresight.
With Okubadejo at his side, Senator Solomon Adeola would undoubtedly have a reliable partner to help push Ogun State to even greater heights.
Their combined efforts promise a prosperous, self-reliant Ogun State that will be a model for other regions to follow.
In conclusion, as Ogun State prepares for the 2027 elections, one thing is certain: Dapo Okubadejo stands out as an exceptional leader ready to take on greater responsibilities and continue his journey of service to the people of Ogun State.
His appointment as Deputy Governor would not only be a reward for his dedicated service but also a step toward securing a brighter future for all Ogun residents.
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