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I learnt my entrepreneurial acumen from my mother –Taiwo Afolabi

Dr. Taiwo Afolabi, SIFAX boss
Dr Taiwo Afolabi, the enigmatic founder and  Group Executive Vice-President of SIFAX Group, is a mercurial entrepreneurial genius.
From the little beginning as a freight forwarding company in 1988, he has nurtured SIFAX into a gigantic conglomerate which has diverse interests in shipping, haulage, oil and gas, financial services, ground handling operations and hospitality.
Dr Afolabi, whose philanthropy is legendary, is 60 years old today, Friday, April 29th, 2022.
In this sit-down interview, Dr Afolabi takes us through his 60 years of eventful and impactful journey, his early life, his business tutorials, his daring venture into the world of business, his philanthropy and his family.
Tell us about yourself:
I am Dr Taiwo Afolabi, the founder and Group Executive Vice Chairman of SIFAX Group.
Obviously, I am an entrepreneur, business leader, mentor and many more.
 I am an indigene of Ogun State and by the grace of God, I am 60 years old.
 I was born in Ondo on April 29, 1962.
As my first name indicates, I am a twin, I have a twin brother. I had my primary school at Ondo and my secondary school education at Baptist Grammar School, Ibadan.
 I hold a Law degree from the University of Lagos as well as Masters in International Law and Diplomacy from the same university.
I have been running my business for over 33 years now. I actually launched my company in 1988 as a freight forwarding firm in Lagos, Nigeria, after working with an uncle, under which I learnt the rudiments of the clearing and forwarding business.
From the little beginning in 1988, SIFAX Group has grown to become one of the leading indigenous corporations in Nigeria with thousands of jobs created, both direct and indirect.
 We have also spread our tentacles to other African countries as well as Europe and America.
Our core business focus is integrated logistics, but over the years, we have diversified to other areas including financial services, oil and gas and hospitality.
Aside from running my business, another thing I am passionate about is societal impact.
As an organization and in my individual capacity, we support causes and individuals who are not privileged in society.
 Our key intervention areas are education, health and youth and women empowerment.
We have a foundation which is devoted to implementing our beliefs in this regard.
I have also been privileged to be a recipient of national honour in Nigeria, a Member of the Order of Niger (MON) while I am also the Honorary Consul General of Djibouti in Nigeria.
I am a family man. I am married to a beautiful and supportive woman, Mrs Folashade Afolabi, and blessed with children, who are all doing well in their different endeavours.
How do you feel turning 60?
Let me start by expressing my appreciation to God Almighty who has remained my source and inspiration over the years.
He has not only kept me alive but has also granted me grace, meets all my needs, and grants me good health, peace of mind and a great family. I am indeed a grateful man as I turn 60.
I am sure some of my peers have died and so many are not as privileged as I am.
 These and many more give me unending joy because of the grace.
 I am probably not the smartest, but God’s grace has found me and beautified my life.
So, as I turn 60, I am grateful to God. I am happy that life has been kind to me. I am grateful for the modest impact God has accomplished through me.
I am grateful for a wonderful family and I am grateful for a greater future.
You started your career with your uncle and later left to float your own business. What was the motivation for this?  
Well from a tender age, I have always been entrepreneurial in my thinking.
 My mother was a trader and through her, I learnt the rudiments of trading and that passion has stayed with me ever since.
So starting my business was a natural progression for me after spending some years learning the ropes from my uncle who owned a clearing and forwarding business in Lagos.
 I rose up to become the Operations Manager in the company. By this time, I was well grounded and ready to take on the next challenge.
Apart from expressing my passion, I also set up the business to take advantage of emerging opportunities and to provide a platform for others to fulfil their dreams through job and wealth creation.
Today, our companies employ about 5,000 staff and you know the implication of such a number of employees, especially the ripple effect on their immediate and extended families as well as the society.
If you also throw in the number of businesses, both large and small, that do business with our various companies, you will see how far we have come in impacting society.
Those are some of the things that motivated me to start my business then.
What are the key lessons life has taught you in the last 60 years?
There are many of them.
One is that you must be strategic in your thinking and planning in order to become outstanding.
An ordinary approach will always deliver ordinary results. If you look at the growth pattern of SIFAX Group, it is a result of well-thought-out plan.
 The integrated approach has helped us.
From running a clearing and forwarding firm to starting inland container depots across Lagos to bidding and winning the concession of a port terminal to setting up a haulage business that conveys goods from these ports to the container depots, to bidding and winning concession of a ground handling company, to launching the Marriott Hotel and a financial services company.
You will see that these businesses are complementary in nature and this has given us some form of advantage over competitors.
I also need to emphasise the place of humility. Let me tell you, before God, we are all equal, whether you are rich or people.
Everybody deserves respect.
 Humility will attract people to you and they can go to any length to support you if they know you are not arrogant.
I have always believed in living a simple and humble life which is scriptural because God admonishes us to live humbly and promised to elevate us.
I have also studied the lives of many successful godly people and you’d see humility in them.
I have many VIPs – ministers, successful businessmen and top government officials as associates, but I always come back to my constituency which is my old time friends and schoolmates and I cherish them greatly.
I won’t abandon them because I now have new friends.  I’ve gone to several places and people doubt if I were the Dr Taiwo Afolabi they have heard so much about.
I always tell them that simplicity owns the world.
Life has also taught me the importance of friendship and relationship building.
It is a skill that is important to get ahead in life. Value friendship. I have some of my friends that have been with me for over 40 years, some since our secondary school days and we are still together today.
Obviously, the need to give back.
 Most of the time, God blesses us more than what we need so we could support and care for others.
 This is a lesson I learnt from a tender age and I haven’t deviated from it till today.
Your company opened Lagos Marriott Hotel about a year ago. What motivated you to launch this business?
I have been privileged to travel around the world in the course of doing business and pleasure and this has exposed me to international standards in the hospitality industry across the globe.
So the major reason for the investment in the hotel is to provide the same level of comfort, class and superior customer experience for Nigerians.
Nigerians are reputed for hard work and relaxation, and enjoyment should naturally follow after working so hard.
The hotel provides the perfect ambience to relax, refresh, connect and celebrate the achievements that follow their hard work.
 In the last one year of operation, the hotel has disrupted Lagos hospitality landscape.
It has become the favourite venue for major individual and corporate events.
Aside from this, as a corporation, we always look for opportunities to impact our country.
I have this vision of creating jobs for as many Nigerians as possible.
 Hundreds of eligible Nigerians are currently employed in the hotel while the indirect employment and other ancillary benefits can’t be quantified.
So, job creation is another key factor in setting up the business.
There is a need to build the next generation of entrepreneurs. What role do established business titans like you should play?
The reason many people don’t succeed in business and careers is due to a lack of mentorship.
They go into business without the guidance and support of mentors who have done successfully what they are trying to do.
 Mentorship is key for young entrepreneurs in Nigeria. By the way, let me say that the future of Africa is entrepreneurship.
Young people must be encouraged and supported to pursue their dreams.
This is going to help in reducing poverty and the high rate of employment on the continent. It is the duty of successful businessmen and women across the continent to mentor and support these budding entrepreneurs.
These young entrepreneurs need to be mentored and guided so that Africa can witness true prosperity.
I have been involved in this both directly and indirectly. My company supports various platforms and initiatives that identify and nurture budding entrepreneurs.
I also have people I personally take under my wings that I support their dreams and mentor as well.
You are noted for your philanthropy. What is the philosophy behind this generous giving?
There is so much poverty in Africa and privileged individuals must be deliberate in helping the poor.
It is part of the core philosophy of my life and business.
We are not in business to make a profit alone. We believe in making an impact. We help individuals and communities as much as we can.
I can say I inherit the trait from my mother who was fond of meeting the needs of needy people around her while I was growing up.
I saw the joy and satisfaction on my mother’s face after supporting these people and I believe I unconsciously imbibe the principle of sharing from her.
 Giving is one key success factor. I wish people realise that giving leads to abundance.
 It has been a way of life for me and has seen its impact over the years.
When people come to me for help and I do it, I am always appreciative of the opportunity God has given me to be a blessing to others.
 Giving comes with a sense of satisfaction and inner joy.
I see giving more as a divine mandate to pull people out of poverty through job creation and philanthropy.
Our company is also involved in this philanthropy and its key focus includes education, health and youth and women empowerment.
 We provide support for public educational and health institutions.
 We make donations to schools and hospitals.
We donated a 1,000 capacity lecture theatre to Ladoke Akintola University of Technology, Ogbomoso.
We donated a brand new bus to the medical students association of Obafemi Awolowo University.
 We have a foundation with offices in Lagos, Zaria and Umuahia that provide support to the widows and the less privileged.
 Many indigent students in their hundreds enjoy full scholarships from the foundation.
Women are trained in various skills and then given grants to start their businesses. The list is too long to recall.
How do you balance your busy business schedule and family? 
I am so privileged to have an understanding wife and family who believe in my vision and support me fully in the journey.
When you run a business that is as diverse as SIFAX Group, you are bound to be busy and on the road most time.
I travel often both locally and internationally and this has a way it affects family time.
But as much as I can, I create time for them. I make sure the little time we have together is judiciously used.
We also go on vacation together to maintain our bond.
My wife is very supportive and she is my number one fan. By the way, she is a prayer warrior and you don’t need to be told that I feature prominently in her prayers.
She backs me up spiritually and takes good care of the home front so I could have the presence of mind to pursue my targets.
She has also done well when you look at the way our children have turned out so well.
She understands my schedule and gladly tolerates my absence.
 But she knows that I don’t take her for granted. I respect and honour her.
I create time for her even in the midst of my busy schedule.
Advice for young entrepreneurs
For the young entrepreneurs, I would say first hold on to God, and be honest and patient.
 What is not enough now will eventually become a surplus for you but there are processes you need to take.
There are some factors that help in the journey of entrepreneurship. One is vision. You must have an idea of what you want to do and the impact you want to make.
Two, hard work is very important. All successful people are hard workers. Laziness hinders greatness.
 Three, solve a problem and success will naturally come. Money goes in the direction of value.
Four is persistence. You must develop the courage and resilience to keep going in the face of daunting challenges because the journey is full of different ups and downs.
 Don’t give up easily. If you fall, rise, take a lesson and continue your hustling.
What is your biggest challenge as a businessman?
Risk. Business is a very risky venture. Even after doing all the due diligence, things can still go bad. It remains a big challenge but no gain no pain.
When you lose, you start all over again.
I have done a business in Europe where I lost about €4million within seven months and that hasn’t stopped me from starting again or investing in another one.
Business is a risk and for those who want to make it big, you must be able to calculate your risk well and make an informed decision.
 But the ability and the power to overcome after a loss lies in you.
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Dantsoho, Mobereola, Akutah, LASWA GM, Fakolade, Okorefe to headline Primetime Reporters’ 2026 annual lecture

Gloria Odion, Maritme reporter 

Former lecturer at the Nigerian Maritime University, Okerenkoko, Delta State, Dr. Charles Okorefe, has been appointed keynote speaker for the 2026 Primetime Reporters’ Annual Lecture and Awards scheduled to hold in Lagos on October 15.

Okorefe’s appointment comes as a strong line-up of senior maritime, ports, logistics and blue economy stakeholders has been assembled for the annual industry gathering.

Among those expected to speak at the event are the Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho; Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola; and Director-General of the Nigerian Ports Economic Regulatory Agency (NPERA), Barr. Pius Akutah.

Others are the Special Adviser to the Lagos State Governor on Blue Economy and General Manager of the Lagos State Waterways Authority (LASWA), Mr. Oluwadamilola Emmanuel; Managing Director of Trucks Transit Park (TTP), Mr. Jama Onwubuariri; and National Coordinator of the National Single Window Secretariat, Mr. Tola Fakolade.

The 2026 lecture, organised by Primetime Reporters, will bring together policymakers, regulators, industry operators and other stakeholders to examine emerging issues shaping Nigeria’s maritime, ports, logistics and blue economy sectors.

The event is themed: “Smarter Gateways, Greener Logistics: Leveraging the Port Community System and National Single Window for Zero-Emission Trade.”

The theme is expected to focus attention on the need to accelerate digital transformation across Nigeria’s ports and logistics ecosystem through greater integration, automation, data sharing and technology-driven trade processes.

Okorefe’s selection as keynote speaker is expected to bring an academic and industry perspective to the discourse, given his experience in maritime education and professional practice.

His presentation is expected to examine the opportunities and challenges associated with developing smarter, more connected and environmentally sustainable maritime gateways, while highlighting the role of digital integration in improving port efficiency and trade facilitation.

Okorefe, who is Managing Director and Chief Executive Officer of Kamany Marine Services Limited, is the author of ABC of Shipping and Ports’ Operation in Nigeria. He also serves as South-South Coordinator of the Chartered Institute of Transport Administration of Nigeria.

The other speakers are expected to bring sector-specific perspectives to discussions around port administration, maritime regulation, inland waterways transportation, logistics, digital trade facilitation and the implementation of the National Single Window.

Speaking on the significance of the event, Managing Director and Editor-in-Chief of Primetime Reporters, Mr. Saint Augustine Nwadinamuo, said the annual lecture would provide a platform for stakeholders to assess ongoing reforms in the maritime sector and develop practical strategies for improving port efficiency and Nigeria’s trade competitiveness.

He said discussions would also focus on reducing cargo dwell time, strengthening trade facilitation and positioning Nigeria as a competitive maritime hub.

Particular attention is expected to be devoted to the Port Community System (PCS) and National Single Window (NSW), which are being developed as key instruments for streamlining cargo clearance, reducing paperwork, enhancing transparency and connecting stakeholders across the maritime and trade ecosystem.

The event will also feature the presentation of the Primetime Reporters’ 2026 Maritime and Blue Economy Awards to individuals and organisations recognised for their contributions to the development of Nigeria’s maritime industry.

Nwadinamuo said the awards would be based on merit, professional track record and measurable contributions to the sector, stressing that they were not for sale.

The 2026 Annual Lecture and Awards is scheduled for Thursday, October 15, 2026, at Rockview Hotels, GRA, Apapa, Lagos, beginning at 10:00 a.m.

A former Director-General of NIMASA, Barr. Temisan Omatseye, is expected to chair the event.

The gathering is expected to attract senior government officials, regulators, terminal operators, freight forwarders, shipping companies, logistics practitioners, academics, professional associations, journalists and other stakeholders across Nigeria’s maritime and trade sectors.

Nwadinamuo called on government agencies, professional associations, corporate organisations, maritime stakeholders and individuals to partner with Primetime Reporters to ensure the success of the 2026 Annual Lecture and Awards.

He said partnership opportunities include advertisement placements in the event brochure and other event materials, sponsorship of the entire programme or specific segments, as well as other opportunities associated with the event.

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Ehingbeti summit seeks coastal resilience fund for Nigeria’s littoral communities

 Funso OLOJO, Editor

Stakeholders at the 4th Ehingbeti Maritime Hub Summit have called for the establishment of a dedicated Coastal Resilience Fund to finance coastal protection, infrastructure development and livelihood-support programmes in communities threatened by environmental degradation and inadequate infrastructure.

The stakeholders said such a financing mechanism would provide a sustainable funding window for strengthening Nigeria’s coastal communities while enabling them to participate more actively in the emerging marine and blue economy.

The call was made at the 4th Ehingbeti Maritime Hub Summit held Thursday at the Oriental Hotel, Victoria Island, Lagos, where experts, policymakers and industry players examined the legal, regulatory, security and investment frameworks required to unlock Nigeria’s blue economy potential.

Delivering the keynote address, President of the Maritime Arbitrators Association of Nigeria (MAAN), Chief Jean Chiazor Anishere, SAN, said Nigeria needed to move beyond policy declarations and develop practical financing mechanisms capable of addressing the infrastructure and environmental challenges confronting its coastal communities.

Anishere urged the Federal Government to leverage international financing opportunities, including climate funds, development finance institutions and multilateral organisations, to scale up investments in coastal resilience and community development.

She said sustained investment in coastal infrastructure would protect livelihoods, strengthen economic assets and create an enabling environment for coastal communities to benefit directly from the blue economy.

The Senior Advocate of Nigeria also stressed the importance of effective governance, saying Nigeria’s blue economy could only thrive where there was a predictable legal and institutional framework for investment, innovation and sustainable exploitation of marine resources.

She called for a regulatory regime that would provide certainty and security for investors while remaining flexible enough to encourage innovation, environmentally responsible enough to protect marine resources and inclusive enough to deliver benefits to coastal populations.

According to her, security, sustainability and governance would remain critical pillars of Nigeria’s blue economy development.

Anishere further advocated improved waste-management infrastructure, sustainable fishing practices, recycling education and environmental stewardship programmes targeted at coastal communities.

She also urged greater private-sector participation in blue tourism, resilient infrastructure and marine-based enterprises, stressing the need for appropriate incentives, streamlined regulations and public-private partnerships.

Representing Lagos State Governor, Mr Babajide Sanwo-Olu, the Permanent Secretary, Lagos State Ministry of Tourism, Arts and Culture, Mrs Bopo Oyekan-Ismaila, said the state was committed to an inclusive approach to blue economy development.

She noted that although the Ehingbeti initiative was historically associated with Lagos Island, the state’s blue economy agenda would extend to communities across Lagos.

Oyekan-Ismaila said Governor Sanwo-Olu had encouraged participants to collaborate in producing a communiqué that would provide practical recommendations for advancing the blue economy agenda of Lagos State.

The Convener of the Ehingbeti Maritime Hub and Founder of the Ocean Ambassadors Foundation, Hon. Olaitan Violet Williams, said the Hub was established in 2023 to reconnect Lagos with its rich maritime history.

According to her, Ehingbeti represents an important chapter in the evolution of Lagos from its early trading history to the modern-day Eko.

Williams identified inland waterways as one of the most immediate opportunities available to Nigeria under the blue economy agenda, but lamented that the country’s estimated 10,000 kilometres of waterways remained largely underutilised.

She called for increased investment and stronger legal protection for investors, arguing that Nigeria could not unlock the economic value of its waterways while large sections remained unnavigable.

The Chairman of the occasion and Chairman of the NIWA Governing Board, Alhaji Mukhtar Shehu Shagari, represented by a member of the Board, Capt. Tajudeen Alao, commended Williams for her commitment to the development of Nigeria’s marine and blue economy.

Shagari said coastal communities must remain at the centre of blue economy policies and called for an appropriate legal framework to accelerate the development of Nigeria’s littoral states.

Representing the Flag Officer Commanding, Western Naval Command, Rear Admiral Abubakar Mustapha, Rear Admiral N.C. Okon called for stronger maritime regulation and effective enforcement of existing laws.

Okon identified “sea blindness” as one of the factors limiting Nigeria’s ability to fully exploit its maritime potential.

He said effective collaboration among government agencies, coastal communities and development partners was essential to building a sustainable maritime economy.

According to him, Nigeria’s blue economy ambitions could not be sustained in an environment characterised by insecurity, environmental degradation, illicit maritime activities and regulatory uncertainty.

He reaffirmed the Nigerian Navy’s commitment to providing the secure maritime environment necessary for commerce, investment and the sustainable exploitation of the country’s marine resources.

Also speaking, Chairman of the Nigerian Council of Registered Insurance Brokers (NCRIB), Ekeoma Ezeibe, described insurance as a critical component of maritime and blue economy development.

She said adequate insurance protection was necessary to safeguard maritime assets, infrastructure and businesses against the wide range of risks associated with marine operations.

A major highlight of the summit was the launch of the 28 Inland Waterways Investment Jigsaw, an initiative designed to identify and showcase viable investment opportunities across Nigeria’s inland waterways and provide a structured pathway for increased private-sector participation.

The initiative is expected to support investment in water transportation and other marine-related businesses by drawing attention to specific opportunities across the country’s inland waterways.

The summit brought together government representatives, maritime professionals, security agencies, legal practitioners, insurers, traditional rulers, academics, private-sector operators and representatives of coastal communities.

Participants reaffirmed the need for stronger regulation, enhanced maritime security, sustainable financing, infrastructure investment and community inclusion if Nigeria is to translate its vast blue economy potential into sustainable economic growth and improved livelihoods.

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NPERA initiates move for smooth hand over of Inland Dry ports to NPA

–as Akutah proposes inter-agency committee to avert jurisdictional clashes, streamline cargo movement

Funso OLOJO Editor 

The Nigerian Ports Authority (NPA) and the Nigerian Ports Economic Regulatory Agency (NPERA) have begun moves to prevent jurisdictional conflicts and operational disruptions in the management of Nigeria’s Inland Dry Ports (IDPs) as the Federal Government implements sweeping reforms in the port regulatory architecture.

The two agencies agreed to strengthen collaboration and establish a coordinated framework for the transition during a high-level meeting between their management teams at the NPA Corporate Headquarters in Lagos.

The meeting was convened at the instance of the Minister of Marine and Blue Economy,  Adegboyega Oyetola, against the backdrop of recent reforms arising from the enactment of the Nigerian Ports Economic Regulatory Agency Act, 2026.

The development followed the Minister’s September 3rd, 2026 directive on the transfer of Inland Dry Ports-related functions, as the Federal Government moves to establish a clearer delineation of responsibilities among agencies responsible for port regulation, development and operations.

The new NPERA Act rebranded and expanded the mandate of the former Nigerian Shippers’ Council, creating a new regulatory framework for Nigeria’s port economic activities.

Receiving the NPERA delegation led by its Director-General/Chief Executive Officer, Dr. Pius Akutah, the NPA Managing Director, Dr. Abubakar Dantsoho, congratulated Akutah on the enactment of the legislation and reaffirmed NPA’s readiness to work closely with NPERA during the transition.

Dantsoho stressed the need for closer coordination among agencies under the Ministry of Marine and Blue Economy, noting that the transition provided an opportunity to strengthen Nigeria’s national logistics chain and improve cargo evacuation from seaports to the hinterland.

“This transition represents a critical step forward in optimising our national logistics ecosystem,” Dantsoho said.

According to him, greater institutional alignment would help eliminate operational friction, improve port efficiency and unlock the economic potential of trade and logistics across the country.

Earlier, Akutah highlighted the strategic importance of NPA to the development and sustainability of Inland Dry Ports, describing the facilities as critical infrastructure for extending maritime logistics and cargo distribution beyond the seaports into Nigeria’s hinterland.

“The Nigerian Ports Authority remains a cornerstone in ensuring our Inland Dry Ports function as effective centres for cargo transit and distribution to the hinterlands,” Akutah said.

He explained that the NPERA delegation’s visit was aimed at building a common understanding among the relevant agencies and stakeholders to ensure an orderly, uninterrupted and efficient transition in the management and regulation of Inland Dry Ports.

Inter-agency committee proposed

In a move aimed at preventing institutional rivalry and duplication of responsibilities, Akutah proposed the establishment of a Joint Inter-Agency Committee in the form of a Technical Working Group.

The proposed committee will comprise representatives of the Federal Ministry of Marine and Blue Economy, NPA, NPERA, the Nigerian Maritime Administration and Safety Agency (NIMASA), the National Inland Waterways Authority (NIWA) and the Nigerian Railway Corporation (NRC).

The committee, he said, would provide a platform for identifying and resolving potential operational conflicts, harmonising administrative procedures and eliminating overlapping responsibilities in the operation and development of Inland Dry Ports across the country.

The initiative is also expected to strengthen coordination among the agencies responsible for the various components of Nigeria’s multimodal transport chain, particularly seaports, rail, inland waterways and dry ports.

Both chief executives subsequently reaffirmed their commitment to implementing the Minister’s policy directives and aligning their respective institutional frameworks to promote trade facilitation, sustainable economic growth and greater efficiency across Nigeria’s port and logistics system.

The latest development comes as the Federal Government seeks to reposition the country’s port and logistics architecture, with Inland Dry Ports expected to play a greater role in decongesting seaports, taking cargo closer to markets and strengthening Nigeria’s connectivity with its hinterland.

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