KEY POINTS
- Globacom donation to Lagos Security Trust Fund totals N1 billion.
- The donation to Lagos Security Trust Fund targets surveillance upgrades.
- Globacom donation to Lagos Security Trust Fund supports emergency response.
Nigerian telecoms operator Globacom has committed N1 billion to the Lagos State Security Trust Fund, reinforcing private sector backing for security infrastructure in Africa’s most populous city.
The pledge, announced after discussions between Lagos officials and business leaders, comes as authorities intensify efforts to upgrade surveillance, logistics and emergency response capabilities in the commercial hub. State officials say corporate support remains critical as Lagos confronts rising urban pressures, including crime risks, traffic-related emergencies and stretched policing resources.
Globacom Donation to Lagos Security Trust Fund
The Lagos State Security Trust Fund (LSSTF) operates as a public-private financing vehicle that channels voluntary corporate contributions into equipment and operational support for security agencies. Over the years, it has funded patrol vehicles, communication systems and surveillance tools aimed at improving rapid response across the state.
Officials have identified expanded CCTV networks, upgraded command-and-control infrastructure and improved mobility for security personnel as priority areas. While the trust fund has not yet detailed how Globacom’s contribution will be allocated, authorities say the funds will support ongoing efforts to modernise monitoring systems.
Globacom, owned by billionaire Mike Adenuga, framed the donation as part of its broader corporate responsibility strategy. Executives have argued that sustained business growth depends on stability, particularly in Lagos, where commercial activity hinges on efficient transport, reliable infrastructure and public safety.
Private Sector Role in Lagos Security
Lagos has long encouraged companies to support the LSSTF, advancing the case that businesses that benefit from a stable operating environment should help finance the tools that maintain it. Corporate donations can fill in financing shortages and speed up the process of buying things that would otherwise be based only on governmental funds.
Adenuga, who is known for keeping a low profile, started Globacom in 2003 and turned it into one of Nigeria’s top telecom companies. The company shook up the market with per-second billing. Later, it grew into broadband infrastructure, subsea connectivity, and digital financial services through its payment service bank.
Adenuga has holdings in oil and gas through Conoil and other businesses, in addition to telecommunications. Globacom has also kept up its sponsorship and social investment programs, but the company’s commitment to the Lagos Security Trust Fund is a direct way to help pay for urban security.
State officials say such partnerships remain central to sustaining Lagos’ economic momentum as population growth continues to test public systems.
