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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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Realtors seek partnership with Lagos Govt on Omi Eko waterways transportation project.

Funso OLOJO, Editor.

The €410m foreign creditors – backed Omi Eko water transportation project of Lagos state government has received a big boost with the interest shown by the International Real Estate Federation (FIABCI).

The professional Realtors have approached the Lagos state government through the Lagos State Waterways Authority (LASWA) to explore areas of collaboration around Lagos State’s expanding water transportation system and its broader Blue Economy potential.

The delegation was led by Akin Opatola, President of FIABCI Nigeria and Mr. Adeniji Adele, President of FIABCI Africa and the Near East, as well as senior officials and members of the international real estate federation.

The delegation was received by Mr Emmanuel Oluwadamilola, the General Manager of LASWA who also doubles as Special Adviser on Blue Economy to the Governor of Lagos State.

The two parties discussed the Lagos State’s ambitious efforts to modernize its inland waterways transport system through the OMI EKO Water Transport Project.

The LASWA General Manager outlined the strategic direction of the project and its role in transforming urban mobility across Lagos.

According to him, the initiative is designed to decongest Lagos roads, improve productivity, reduce transportation costs, and lower carbon emissions, while positioning water transportation as a central pillar of Lagos State’s urban mobility strategy.

He further disclosed that the project will introduce modern ferry operations supported by electrified vessels, upgraded terminals, and integrated transport infrastructure, creating a cleaner and more efficient water transport ecosystem.

Mr Oluwadamilola further told FIABCI delegation that OMI EKO project is supported by a strong international financing structure including, Agence Française de Développement (AFD) – €130 million loan, European Investment Bank (EIB) – €170 million loan, European Union – €60 million grant

Lagos State Government – €40 million counterpart funding

Private sector participation in Intelligent Transport Systems (ITS).

Also, the project will deliver 15 ferry routes across Lagos waterways,

Dredging and marking of approximately 140 kilometers of navigable channels,

Development of 25 modern ferry terminals and jetties, Deployment of electric ferries, Integrated ticketing and improved waterway safety infrastructure.

Following the presentation, members of the visiting FIABCI delegation engaged the LASWA leadership in a round of questions and observations, seeking further clarification on the implementation framework of the OMI EKO project.

Members of the delegation sought insights into issues including terminal development opportunities, private sector participation, integration with urban planning, and the long-term investment potential of Lagos’ water transport corridors.

Mr. Oluwadamilola further elaborated on the project’s structure and the strategic vision of Lagos State to position water transportation as a key pillar of the state’s evolving Blue Economy.

Speaking during the meeting, FIABCI Nigeria President, Akin Opatola, noted that the modernization of Lagos waterways presents a strategic opportunity to rethink how cities integrate transport infrastructure with real estate and urban development.

Opatola emphasized that major water transport infrastructure projects such as the OMI EKO initiative create new corridors of economic activity, particularly around ferry terminals and waterfront locations.

He stated that the real estate sector has a critical role to play in supporting such infrastructure through transport-oriented development, waterfront regeneration, and the creation of mixed-use economic hubs that can stimulate sustainable urban growth.

He further noted that FIABCI members, as professionals in the real estate and development ecosystem, are keen to explore ways in which urban planning, investment, and property development can align with Lagos State’s water transportation expansion.

Also speaking, Mr. Adeniji Adele, President of FIABCI Africa and the Near East, observed that Lagos is uniquely positioned to become a leading example in Africa of how coastal cities can leverage their waterways to drive mobility, economic development, and sustainable waterfront investment.

He noted that global cities that successfully integrate their waterways into urban life often unlock significant real estate and tourism value, and expressed optimism that Lagos could replicate similar outcomes as the OMI EKO project unfolds.

Ubong Essien, Founder of the Blue Economy Academy, emphasized the importance of collaboration among government agencies, industry professionals, and investors in delivering large-scale maritime infrastructure initiatives.

Essien noted that Nigeria’s experience in strengthening maritime security in the Gulf of Guinea demonstrated that successful sector transformation often begins when all stakeholders are brought to the table at the earliest stages of major projects.

He also pointed out that the 25 ferry terminals planned under the OMI EKO project represent significant opportunities for transport-oriented waterfront development across Lagos, creating new intersections between mobility infrastructure, urban development, and the Blue Economy.

The visit underscores the growing recognition of Lagos waterways as a strategic mobility and economic infrastructure for Africa’s largest city.

It could be recalled that the Omi Eko project was launched in October, 2025.

Customs

Apapa Customs records major breakthrough in anti- smuggling operations.

– intercepts 13 containers of harmful pharmaceuticals, other contraband goods worth N6.38billion

Funso OLOJO, Editor

The Apapa Command of the Nigeria Customs Service has recorded a huge success in its relentless war against traders of illicit products when its officers intercepted 13 containers of harmful pharmaceuticals and other contraband goods.

Unveiling the contraband goods at the APM Terminals,Apapa port on Tuesday, March 10th, 2026, the Comptroller- General of Customs, Adewale Adeniyi, disclosed that the intercepted consignments are worth over N6.38 billion.

Adeniyi, while speaking with Journalists, revealed that the interception and seizures were made possible through intelligence-driven operations supported by cargo scanning technology and targeted physical examination.

He explained that officers detected irregular cargo profiles during routine scanning procedures, prompting detailed physical inspections that uncovered several prohibited and falsely declared consignments.

According to him, among the seizures was a 40-foot container loaded with expired pharmaceutical products, including Mixagrip Cold Caplets, Ladinax tablets, Chloroquine injections and Diclofenac tablets.

Customs officers also intercepted two 40-foot containers filled with unregistered pharmaceutical products, including Hyegra 200 and Sildenafil Citrate.

In another discovery, a 20-foot container carrying 800 cartons of codeine was found carefully concealed inside toilet flushing cisterns and sanitary ware.

Other pharmaceutical seizures included cartons of Artesunate injections, while a separate container was discovered to contain restricted security equipment such as bulletproof vests, helmets, walkie-talkies and tactical torches imported without the required End User Certificates.

The Service also uncovered multiple containers loaded with expired food items, including muffin cookies, 36,000 cans of expired energy drinks, and large quantities of expired tomato paste brands.

In addition, officers seized a 40-foot container containing 1,700 cartons of codeine cough syrup concealed among luxury food flasks.

Another container was found carrying 1,575 cartons of CSMIX with codeine hidden with electric kettles, alongside additional cartons of Co-codamol tablets.

Customs further intercepted 13 jumbo bags of Cannabis Sativa weighing 347.57 kilograms, which were concealed inside a Toyota Sienna vehicle.

Adeniyi described the seizures as a major breakthrough in the Service’s ongoing crackdown on illicit trade and smuggling through Nigeria’s seaports.

He warned that the importation of expired drugs and controlled substances poses serious risks to public health, while the smuggling of codeine-based products contributes to the growing problem of substance abuse.

The Comptroller-General emphasized that under the Nigeria Customs Service Act 2023, the seized goods are liable to outright forfeiture, adding that investigations are ongoing and all persons connected to the shipments will face prosecution.

He also stressed that the Service is expanding the use of Non-Intrusive Inspection (cargo scanning) to improve cargo clearance efficiency while strengthening enforcement against high-risk consignments.

According to him, Apapa Port processes thousands of containers daily, making it one of the most strategic trade gateways in West Africa.

“Apapa Port is no longer a playground for smugglers or criminal syndicates hiding behind legitimate trade documentation,” Adeniyi stated.

He assured compliant traders that Customs enforcement is not aimed at legitimate business but at protecting Nigeria’s economy and citizens from dangerous and illegal imports.

Headlines

NIMASA,KAIPTC seek digital empowerment for women to enhance their participation in maritime industry

Funso OLOJO, Editor

In furtherance to the global recognition for women empowerment as encapsulated in the theme of the 2026 International Women’s Day celebration,Give To Gain, the Nigerian Maritime Administration and Safety Agency(NIMASA) has forged an alliance with the Kofi Annan International Peacekeeping Training Centre (KAIPTC), Ghana to drive digital empowerment for women in West Africa maritime domain.

The initiative, which enjoyed the support of the Ministry of Foreign Affairs of Denmark and the Inter-Regional Coordination Centre (ICC), was consummated at the three- day symposium titled “Digitalization and the Empowerment of Women in the Maritime Sector of West Africa: Opportunities, Challenges and Pathways.” held in Lagos on March 10th, 2026.

Speaking at the event, the Director – General of NIMASA, Dr Dayo Mobereola, pledged the commitment of the agency to transforming the nation’s maritime domain and the entire West African sub-region into a global benchmark for gender-inclusive digital excellence.

Represented by the Director of Finance and Administration, Chudi Offordile, Mobereola emphasized that the maritime industry is undergoing a profound transformation driven by automation, smart logistics, and data systems.

He noted that while digitalisation creates new opportunities for efficiency and growth, it also exposes persistent gaps in the participation of women in the maritime sector, making their empowerment a critical priority for the industry.

“Across the world, digitalization is reshaping how ships operate, how ports function, how cargo is tracked, and how maritime administrations regulate and deliver services.

“While Digitalisation creates new opportunities, it also exposes persistent gaps particularly in the participation of women in the maritime sector and that is why empowerment of women in this area is critical.

“Across West Africa, women remain significantly underrepresented in many

areas of maritime operations.

“These disparities are not merely statistics; they

represent untapped talent, unrealized potential, and lost opportunities for

inclusive growth which we must find ways to close-out., ” he said.

The NIMSAS DG described digitalization as the ultimate disruptor of traditional barriers that have historically limited female participation.

“Digitalization acts as the “great equalizer,” shifting the industry’s centre of gravity from physical strength to intellectual agility and technical precision.

“It dismantles traditional barriers through AI-driven simulations and e-learning, which enhance the knowledge economy and promote skill acquisition, thereby creating new pathways for career advancement.

“Today a young woman in rural West Africa town can now access the same training modules as anyone in any part of the more advanced world.

“The transformation we seek is not an endpoint, but a continuous voyage. Digitalization is the wind in our sails, but inclusive policy is the rudder that guides us.” he said.

Describing the Blue Economy as a frontier of limitless potential, Mobereola said the agency is not merely seeking representation for women as a matter of social justice but pursuing sectoral transformation as a matter of economic survival.

He said the symposium resonated with the 2026 International Women’s Day theme, “Give to Gain,” urging stakeholders to move beyond rhetoric toward actionable strategies that will enable women in West Africa lead the next maritime frontier.

In his remarks, the Deputy Commandant of the KAIPTC, Brigadier General Zibrim Bawah Ayorrogo,highlighted the significant role women play in shaping the future of maritime security and governance, especially as digital technologies redefine operational landscapes.

He noted that digital transformation offers a unique chance to enhance maritime domain awareness and coordination.

“The Gulf of Guinea is a maritime domain of immense strategic importance, rich in resources, and a hub for international trade.

“However, it also faces complex security challenges including piracy, illegal fishing, and trafficking.

“Digital transformation presents a unique opportunity to enhance maritime domain awareness, improve coordination, and strengthen response capabilities.

” It is imperative that women are not only included but empowered to lead and innovate within this evolving digital ecosystem, ensuring that technology serves as a tool for inclusive growth and security.

“Women’s participation in maritime affairs has historically been limited by socio-cultural and institutional barriers.

Yet, their involvement brings diverse perspectives and solutions vital for holistic maritime governance.

“Digital transformation can act as a catalyst to break these barriers by providing platforms for education, networking, and leadership development.

” It is encouraging to witness increasing numbers of women engaging in digital skills acquisition, policy formulation, and operational roles within maritime security institutions across the Gulf of Guinea, ” he said.

Ayorrogo said since 2021, the KAIPTC has dedicated a specialized department to women and youth issues in the peace and security domain, recognizing that diverse perspectives are vital for holistic maritime governance.

He, however, noted that despite the progress made, challenges such as access to technology and digital infrastructure and gender gaps still persist in STEM ( Science, Technology, Engineering, and Mathematics) education and professional training.

He added that digital threats such as cyber-attacks and misinformation campaigns also pose new risks that require specialized knowledge and vigilance.

To address these challenges, the KAIPTC deputy Commandant called for concerted efforts from governments, industry, academia, and civil society to create enabling environments where women can thrive as digital leaders and innovators in maritime security.

He expressed the commitment of KAIPTC to supporting the transformation through research and capacity-building initiatives that integrate gender perspectives and digital competencies.

“Our training programs increasingly emphasize the intersection of technology, security, and gender inclusion, equipping women with the skills necessary to navigate and influence the digital maritime domain. Collaboration with regional and international partners is central to expanding these opportunities and fostering networks that amplify women’s voices and contributions.

“Governments in the Gulf of Guinea must prioritize regulatory reforms that facilitate women’s access to digital tools, protect against cyber vulnerabilities, and encourage their participation in decision-making processes. Such policies will not only enhance maritime security but also contribute to broader socio-economic development and peacebuilding efforts in the region.

“Private sector engagement is equally crucial. Technology companies, maritime operators, and financial institutions have a responsibility to invest in women-led digital innovations and entrepreneurship.

“Public-private partnerships can accelerate the deployment of cutting-edge technologies while ensuring they are accessible and relevant to women’s needs and aspirations within the maritime sector, ” he said.

The event drew a diverse range of women stakeholders, including senior officials from Ministries, Departments, and Agencies (MDAs), educational institutions, maritime journalists, and women leaders within the sector.