LSSTF Has Changed Lagos Security Landscape – AIG Zone 2, AIG Fayoade; As Enyinnaya, Others Call For Stronger Security-Business Synergy at Media Tiger’s Summit
By Oki O. Samson, Trek Africa Newspaper
With the convergence of top security minds, legal experts, policymakers, and business leaders at the 2025 Security and Business Summit Themed: ‘Business Prosperity Amidst Security Challenges; Navigating The Nigerian Perspective’ organised by Media Tiger Communications owned by popular media practitioner, Mazi Sidney Nwachukwu, it was established that a renewed commitment is required to turn Nigeria’s security challenges into pathways for economic resilience, innovation, and national progress. The event was held yesterday Tuesday 25th November in Victoria Island, Lagos, National Association of Online Security News Publishers, NAOSNP can report.
The summit brought together prominent stakeholders, including the Representative of Lagos State Governor Babajide Sanwo-Olu/Special Adviser on Health, Mrs. Kemi Ogunyemi; the First Lady of Lagos State, Dr. Ibijoke Sanwo-Olu, ably represented by Mrs. Patricia; the AIG in charge of Zone 2, AIG Adegoke Fayoade; President, Women Arise for Change Initiative, Dr. Joe Obiajulu Okei-Odumakin; Barr. Michael Enyinnaya, Principal Partner at Country Hill Attorneys & Solicitors; Otunba Dr. Oladapo Oladele, Chairman/Founder of De-Polan Ltd.; Prophet Godwin Ikuru; AIG Margaret Ochalla, represented by CP Alabi (General Investigation); the DPO Ajah, DPO Onikan, and several business and community leaders.
The keynote address by AIG in charge of Zone 2, AIG Adegoke Mustapha Fayoade asserted that effective collaboration between the business community and security agencies remains the bedrock of sustainable economic growth. He highlighted Lagos State Security Trust Fund, LSSTF as a model of such collaboration, crediting it with transforming Lagos’ security architecture. ‘We need to build the capacity of our security agencies and personnel to effectively address security threats. In Lagos State, the Security Trust Fund (LSSTF) is a good example of how business enterprise, corporate bodies and individuals support security concerns. This body has changed the security landscape and architecture in Lagos State for the better since its creation,’ AIG Fayoade stated.
Further, AIG Fayoade emphasized that no economy can thrive without a stable and predictable security environment. He described security as an ‘invisible economic infrastructure,’ stressing that every major business decision – investment, expansion, logistics, and innovation – rests on the assumption of safety and order.
He warned that insecurity imposes a hidden economic tax on companies, from increased private security spending to disrupted supply chains and rising insurance costs. ‘A single robbery on a highway can disrupt an entire logistics chain. A cyber intrusion can suspend operations for weeks. A kidnapping incident can freeze investment decisions months in planning,’ he noted.
Fayoade also highlighted Nigeria’s growing exposure to cybercrime, economic-driven theft, sophisticated financial fraud, and attacks on critical infrastructure, urging businesses to prioritize intelligence-sharing and cyber hygiene.
Complementing the security dimension, Barr. Michael C. Enyinnaya, Special Guest Speaker and Principal Partner at Country Hill Attorneys & Solicitors, delivered a strong call for rule-of-law-driven prosperity.
He warned that insecurity creates ‘transactional uncertainties’ that undermine investor confidence and weaken institutions entrusted with economic protection. ‘In every thriving nation, security is the oxygen of business. Where security fails, investment retreats,’ Enyinnaya said.
Enyinnaya outlined key priorities including: stronger policy frameworks that safeguard investments, ethical and technology-driven, enhanced collaboration between private sector actors and security agencies, and community-led vigilance systems that respect human rights. He urged stakeholders to strengthen legal accountability, institutional responsiveness, and digital governance mechanisms to protect both citizens and enterprises.
Both speakers underscored that security is not the sole responsibility of the government or the Police. Fayoade stressed that tackling insecurity requires technology-driven policing, intelligence sharing, and active community partnerships. He cited ongoing transformations in the Nigeria Police Force, including drone surveillance, biometric databases, and digital investigative tools.
On her part, the representative of Governor Sanwo-Olu, Mrs. Ogunyemi reaffirmed the state government’s commitment to supporting security reforms and sustaining public-private partnerships like the LSSTF.
The First Lady’s representative, Mrs. Patricia also emphasised community vigilance and youth engagement as long-term solutions to insecurity.
At the end of the Media Tiger’s Security & Business Summit 2025, the senior security chiefs, legal experts, industry captains and government representatives concurred that the country’s leadership need to develop a workable blueprint which would encourage Public-Private partnership to strengthen and sustain prosperity across Nigeria.
