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Nigeria’s Non-oil Revenue Rises 40.5% to N20.59trn in Eight Months
Nigeria’s Non-oil Revenue Rises 40.5% to N20.59trn in Eight Months
•Tinubu: Our govt’s bold economic reforms already yielding fruitful results
•Says bleeding has stopped, haemorrhage is gone, the patient is alive
•Declares that in two years Nigeria now respected globally
Deji Elumoye in Abuja
The Presidency yesterday declared that the nation was witnessing a historic shift in its public finances, with non-oil revenues driving the country’s strongest fiscal performance in decades.
Presidential spokesperson, Bayo Onanuga, who revealed the statistics, stated that between January and August 2025, total government collections peaked at N20.59 trillion, a 40.5 per cent increase compared with the N14.6 trillion recorded in the same period in 2024.
The figures were released same day President Bola Tinubu declared that his government’s bold economic reforms, which aim to restore Nigeria to its enviable position, were already yielding fruitful results.
According to the data from Onanuga, N15.69 trillion came from non-oil sources, accounting for three out of every four naira collected while describing the figures as a decisive break from decades of dependence on crude oil exports.
“This is a watershed moment for our economy. For the first time in decades, oil is no longer the dominant driver of government revenue. Reforms, compliance, and digitisation are powering a more resilient economy,” Onanuga stressed.
Tinubu had underscored the performance on Tuesday while receiving a delegation of the Buhari Organisation led by Senator Tanko Al-Makura at the State House, Abuja, saying the numbers are proof that government reforms to expand the revenue base and strengthen compliance are working.
He said: “We have laid the foundations for a fairer, stronger fiscal system that will deliver for all Nigerians.
“Our revenues are growing because we are making every naira count, and because Nigerians are responding to reforms that are in the interest of the country.”
Tinubu has consistently argued that stronger fiscal foundations are critical to achieving his administration’s Renewed Hope Agenda.
The President’s remarks came against the backdrop of criticism from some quarters about the state of the economy, particularly inflationary pressures and hardship linked to subsidy removal and exchange rate unification.
His reference to revenue growth during the meeting with the Buhari Organisation was partly aimed at countering those narratives.
The Presidency further explained that the boost in revenue is already being felt across the federation through unprecedented disbursements from the Federation Account Allocation Committee (FAAC).
In July, monthly allocations to states and local governments crossed N2 trillion for the first time in history, giving subnational governments more resources to invest in food security, infrastructure, and social services.
It also revealed that, for the first time in years, the federal government has not borrowed from local banks in 2025, signalling an end to the pattern of deficit financing that weighed heavily on the financial system.
The Presidency attributed the surge in non-oil inflows to a combination of reforms. Customs automation, digitised tax filings, tighter enforcement, and broadened compliance are credited with raising efficiency and plugging leakages.
According to released figures, the Nigeria Customs Service collected N3.68 trillion in the first half of the year, surpassing its target by N390 billion and already meeting 56 per cent of its full-year goal.
The Presidency insisted that the overperformance was not a one-off windfall, but the result of systemic changes.
Similarly, the Federal Inland Revenue Service has expanded digitised tax administration, bringing more businesses and individuals into the net. While inflation and exchange rate revaluation contributed to the uplift, government officials emphasise that the bulk of the gains stem from policy and institutional reforms.
Despite the rosy picture, the Presidency cautioned that the revenue performance still falls short of the scale of investment Tinubu envisaged in education, healthcare, and infrastructure.
“Revenues are rising, the base is broadening, and reforms are working. But the task ahead is to turn these numbers into real relief for Nigerians, in better schools, hospitals, roads, jobs, and food security. What matters now is ensuring the benefits are felt across the country,” the statement added.
Meanwhile, Tinubu yesterday declared that his government’s bold economic reforms, which aim to restore Nigeria to its enviable position, are already yielding fruitful results.
According to Tinubu, the country’s economy is now stable and attracting interest from around the world.
The President made this disclosure at the State House, when he received the Soun of Ogbomosoland, His Imperial Majesty, Oba Ghandi Afolabi Oladunni Olaoye, Orumogege III, in audience with some other royal fathers.
Tinubu said, “Years of neglect and self-deception, fake records, smuggling, and all of that denied Nigeria the necessary revenue for progress and development.
“Then we were confronted again with arbitrage trading of currency, an illusion of selling papers, corruption all over the place, and the integrity of the country and its economy being extremely and adversely challenged.
“We had to take those actions. With your prayers, patience, perseverance and great understanding, I’m glad to tell you today that the economy is stabilised. The bleeding has stopped. Haemorrhage is gone; the patient is alive.”
The President also said the establishment of NELFUND was to ensure that no student would drop out because of poverty.
He affirmed that everybody has a right to education, saying it was the, “greatest weapon you can give to human beings against poverty; that’s what we are doing. We have remained aggressive on our infrastructure. And it’s just two years.”
Tinubu thanked the Soun of Ogbomoso for crediting his administration with the bold decisions taken immediately upon resumption of office.
He noted that the people of Ogbomosoland were already feeling the modernisation and transformation introduced by the monarch, who promised to strengthen traditional institutions.
The President promised to engage the Ministers of Power, Water Resources, Agriculture, and Works to look into the visiting monarch’s requests, stating that they could make Nigeria self-sufficient in agriculture.
Earlier, the Soun commended the President for his strides, which “only a bold leader could have recorded. Removing fuel subsidy has shown us that it is the right decision, and we can see the effects.”
Oba Olaoye said the foreign exchange reforms and introduction of NELFUND have made it easier for many students to continue their schooling without considering dropping out.
The royal father also commended the President for awarding the contract for the dualisation of the Oyo-Ogbomosho Road, which had been abandoned for decades, pointing out that the road would spur economic activities as a significant gateway to the North.
The paramount ruler, however, requested the President’s intervention in the water and power supply in Ogbomoso, the upgrading of the General Hospital in the town into a Federal Medical Centre, as well as the establishment of a research institute to enhance the development and transformation of the famous ‘Ogbomoso mangoes and cashew nuts’ into a viable agricultural enterprise.
Oba Olaoye thanked the President for appointing Ogbomoso sons to his administration, notably the Federal Inland Revenue Service Chairman, Zacch Adedeji, and the DG of the Bureau of Public Procurement, Debo Adedokun.
On the entourage of the Soun of Ogbomosoland were five other Kings representing the five councils in Ogbomosoland, namely High Chief Samuel Otolorin, the Areago of Ogbomosoland; HRM, Oba Oyetunji Adeyeye, the Alajaawa of Ajaawa; HRM Oba Bolarinwa Ezekiel Olajide, the Onisapa of Isapa; HRM Oba Babatunde Amao, the Aale Oke-elerin, and HRM Oba Prof. Akinola John Akintola, the Olokin-apa of Okin-apa.
Others were High Chief Ogundare Oluwakemi Rebecca, Iyalode of Ogbomosoland; Prof. Sola Adepoju, former DG Forestry Research Institute of Nigeria; Chief Tunji Olaniyi, a businessman, and Alhaji Abdul Ganiyu Atanda Owodunni, the Aare Musulumi of Ogbomosoland.
Also present was the Special Adviser to the President on Media and Public Communication, Chief Sunday Dare, a prominent ‘son of the soil’ who doubles as the Agbaakin of Ogbomosoland.
Sanwo-Olu: Lagos Committed to Nigeria’s $1trn Economy
Lagos State Governor, Mr. Babajide Sanwo-Olu, yesterday, said his administration was dedicated to creating a future where innovation, technology, and digital solutions fuel sustainable growth, inclusivity, and prosperity.
He said Lagos, as the economic heartbeat of Nigeria and a shining beacon of opportunity across Africa, was committed to showcasing technology, building partnerships, innovation, and laying the groundwork for Nigeria’s goal of becoming a $1 trillion economy by 2030.
Sanwo-Olu spoke during the GITEX Nigeria Tech Expo and Future Economy Conference 2025 Ceremony held in Lagos.
GITEX, which is the largest gathering of tech visionaries and decision-makers, is being attended by global tech leaders like IBM, Meta, MTN, AWS, and Cisco, along with a vibrant array of homegrown startups. It highlights the power of collaboration and underscores Lagos’s crucial role as a hub for innovation, where visionaries, investors, and policymakers unite to shape the future.
Sanwo-Olu said GITEX Expo Nigeria 2025, being organised by the Lagos State Government in partnership with KAOUN International, the Federal Ministry of Communications, Innovation and Digital Economy, and the National Information Technology Development Agency (NITDA), aligns perfectly with his administration’s vision to establish Lagos as the pulse of Africa’s digital future.
He said: “Today, as we explore the GITEX Nigeria Tech Expo and Future Economy Conference, we are doing more than just showcasing technology; we are building partnerships, sparking innovation, and laying the groundwork for Nigeria’s goal of becoming a $1 trillion economy by 2030.
“Lagos is not just a city; it is a movement. With 23 of Nigeria’s fastest-growing companies, as highlighted by the Financial Times, Lagos embodies a vibrant innovation ecosystem fuelled by supportive public policies, dynamic private enterprises, and a resilient startup culture.
“Events like GITEX Nigeria amplify our collective efforts. They create exciting new opportunities for talent development, expanding digital infrastructure, and forging strategic partnerships that will help us reach our economic goals.
“We are not just crafting a digital Nigeria; we are shaping a digital Africa that will inspire the world. I encourage each of you to embrace this moment, connect, innovate, and help create a future that reflects our boldest dreams.”
Sanwo-Olu also commended the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, for his visionary leadership, especially in advancing AI infrastructure and inclusive digital solutions, which are transforming Nigeria’s position in the global digital landscape.
A statement by the Special Adviser – Media and Publicity, to the Lagos Governor, Gboyega Akosile, noted that the minister’s efforts reflect the shared commitment to drive innovation for national development.
In his address, Tijani said Nigeria’s commercial capital, Lagos, was already under intense pressure from rapid urbanisation, pointing out that the city welcomes about 2,000 new residents every day.
He said such growth makes the demand for strong digital infrastructure even more urgent.
The minister also highlighted government-backed initiatives aimed at boosting innovation and research, including a new programme scheduled to begin on October 1, which will support an additional 75 research projects in the digital sector.
He explained that the initiative would deepen participation from Nigerian researchers, entrepreneurs, and the diaspora.
Tijani also stressed the importance of collaboration between startups, corporates, and government in scaling innovation and building resilience across Nigeria’s digital ecosystem.
He said Nigeria must build a resilient global digital system that goes beyond merely keeping pace with developments if it is to secure its future in the digital economy.
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•Tinubu: Our govt’s bold economic reforms already yielding fruitful results•Says bleeding has stopped, haemorrhage is gone, the patient is alive•Declares that in two years Nigeria now respected globally Deji Elumoye
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Tinubu Orders SGF to Issue Circular on Health Insurance in MDAs
Tinubu Orders SGF to Issue Circular on Health Insurance in MDAs
•Appoints governing council members, VCs for federal universities of education in Kano and Zaria
Deji Elumoye in Abuja
President Bola Tinubu has directed the Secretary to the Government of the Federation (SGF) to issue a service-wide circular to all Ministries, Extra-Ministerial Departments, and Agencies (MDAs) on the implementation of mandatory health insurance in line with the National Health Insurance Act, 2022.
He, however, called for further, closer, and constructive engagement with the Private Sector on the Act to ensure that businesses are not unduly constrained.
The President’s directive, according to a statement issued yesterday by presidential spokesperson, Bayo Onanuga, covers five key areas.
First, all MDAs must enrol their employees in the National Health Insurance Authority (NHIA) health insurance plan. Where desired, MDAs may take up supplementary private insurance coverage in accordance with the NHIA Act.
All entities participating in public procurement must present a valid NHIA-issued Health Insurance Certificate as part of their eligibility documentation.
This certificate confirms compliance with the mandatory health insurance requirement and serves as a condition precedent for continuing any procurement-related engagement.
The presidential directive also compels all MDAs to require applicants to present valid NHIA Health Insurance Certificates as a precondition for issuing and renewing licenses, permits, and other official approvals.
According to the directive, the NHIA would establish a digital platform to enable easy verification of Health Insurance Certificates, ensuring transparency and accessibility.
Finally, the directive compels all MDAs to work with the NHIA to develop internal procedures to verify the authenticity of the submitted Health Insurance Certificates and ensure consistent compliance monitoring.
The presidential directive aims to expand health coverage, safeguard workers, reduce out-of-pocket health expenditures and promote accountability in public and private sector engagements.
The NHIA Act, 2022, stipulates compulsory health insurance for Nigerians and mandates NHIA to ensure health coverage for all persons in Nigeria and undertake necessary measures to achieve its objectives.
Three years after the Act was enacted, national health insurance coverage remains alarmingly low despite recent progress in the health sector.
The President also appointed Abdurrazaq Abubakar Nakore, an engineer, as Pro-Chancellor and Chairman of the Governing Council of Yusuf Maitama Sule Federal University of Education, Kano.
He also named Prof. Abdullahi Tukur Kodage as Vice Chancellor of the university.
Nakore, a Fellow of the Nigerian Society of Engineers, was Executive Secretary of the Rural Electricity Board in Jigawa State.
Tinubu also named Prof. Yahaya Isa Bunkure the Vice Chancellor of the Federal University of Education, Zaria, Kaduna State.
Bunkure, a renowned academic specialising in science education is currently the Vice Chancellor of Saadatu Rimi University of Education in Kano.
The Federal University of Education, Zaria, and the Yusuf Maitama Sule Federal University of Education, Kano, were among the four Colleges of Education upgraded into full-fledged universities between 2022 and 2023.
In accordance with the institution’s governing laws, the pro-chancellor will serve a term of four years, while the Vice-Chancellors will serve for five years.
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•Appoints governing council members, VCs for federal universities of education in Kano and Zaria Deji Elumoye in Abuja President Bola Tinubu has directed the Secretary to the Government of the
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Improved Security Will Impact Positively on Cancer Control Efforts, Says Zainabu Bagudu
Improved Security Will Impact Positively on Cancer Control Efforts, Says Zainabu Bagudu
Onyebuchi Ezigbo in Abuja
Former First Lady of Kebbi State, Dr. Zainab Shinkafi-Bagudu, has said that security agencies can play central role in the effort to advance national cancer control programme.
Speaking at an awareness lecture organised by National Institute for Security Studies (NISS) as part of its 2025 Health Week in Bwari, Abuja, Bagudu said effective security and policing are crucial to improved cancer outcomes as it will provide conducive atmosphere for carrying out sensitization on disease prevention.
Zainabu Bagudu told the security personnels during the Executive Intelligence Management Course 18 (EIMC 18) that they can help to counter myths and misconceptions about cancer, safeguarding medical supply chains to prevent diversion, pilferage, and vandalism of cancer medicines and vaccines.
The 10-month executive program convened about 80 participants from six African countries, including Nigeria and Rwanda, representing institutions such as the Department of State Services (DSS), Economic and Financial Crimes Commission (EFCC), Immigration Service, Airport Authorities, State Governments, and Federal Ministries.
In her address, Dr. Zainab Shinkafi-Bagudu highlighted that cancer remains a global health crisis, causing nearly 10 million deaths annually.
She stressed on how health and security are interdependent, and that the role of security agencies is central to advancing national cancer control efforts.
Zainabu Bagudu emphasized that effective security and policing are crucial to improved cancer outcomes, outlining five priority areas to include; supporting dissemination of accurate information through security networks to counter myths and misconceptions about cancer, safeguarding medical supply chains to prevent diversion, pilferage, and vandalism of cancer medicines and vaccines.
Others priority areas according to her also include; protecting health workers, particularly in regions affected by insecurity, to ensure continuity of care, promoting accountability in health financing, ensuring that funds such as the Basic Health Care Provision Fund (BHCPF) and the Cancer Health Fund (CHF) are properly utilized and reinforcing health security as a component of national security, recognizing that population health underpins resilience and progress.
The former First Lady commended the NISS organizing committee, sponsors, and partners for their commitment to integrating cancer into the course, affirming that collaboration between the health and security sectors is essential to reducing the burden of cancer and strengthening Nigeria’s health system.
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Onyebuchi Ezigbo in Abuja Former First Lady of Kebbi State, Dr. Zainab Shinkafi-Bagudu, has said that security agencies can play central role in the effort to advance national cancer control
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UBA, Mastercard Unveil Prepaid Card to Deepen Financial Inclusion
UBA, Mastercard Unveil Prepaid Card to Deepen Financial Inclusion
Nume Ekeghe
United Bank for Africa (UBA) Plc has partnered Mastercard to launch a new prepaid card aimed at accelerating financial inclusion and expanding access to digital payments across Africa.
The product, unveiled recently, was designed for individuals without traditional bank accounts, particularly young adults, gig workers, and low-income earners who often face barriers to accessing formal financial services. The card allows users to load funds, make local and international transactions, and manage spending securely and flexibly.
Nigeria’s financial access gap remains significant, with more than 28.9 million adults still unbanked.
Analysts say the rising demand for digital-first tools among freelancers and youth makes the prepaid solution timely.
In a statement, Group Head, Retail & Digital Banking, United Bank for Africa (UBA), Shamsideen Fashola, who noted that that was a demonstration of the bank’s customer-first approach, stated that the bank was committed to ensuring that every Nigerian is banked and gets the best service.
“This collaboration with Mastercard is yet another demonstration of our customer-first approach. We are committed to providing practical solutions that meet the everyday needs of Nigerians, and this card will make payments simpler, safer, and accessible to all,” Fashola added.
Mastercard’s Country Manager, West Africa, Dr. Folasade Femi-Lawal, said: “At Mastercard, we are relentlessly committed to advancing financial inclusion through innovative and secure digital payment solutions that serve both banked and unbanked Nigerians. “Collaborating with UBA enables us to unlock endless possibilities by connecting individuals across all income levels, demographics, and social strata.
“Together, we are empowering Nigerians with the tools they need to confidently participate in the global economy and shape a more inclusive digital future.”
The prepaid card offers distinct benefits for different user groups. Cardholders can use it as a convenient budgeting tool; freelancers and gig workers gain a flexible expense solution; and the unbanked are empowered through a secure, reloadable allowance card. The product is globally accepted and supported by Mastercard’s trusted infrastructure, providing users with peace of mind and seamless digital payment experiences.
This collaboration aims to pave the way for a more inclusive and sustainable financial future in Africa, by striving to break down long-standing barriers, enable underserved communities, and advance economic growth.
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Nume Ekeghe United Bank for Africa (UBA) Plc has partnered Mastercard to launch a new prepaid card aimed at accelerating financial inclusion and expanding access to digital payments across Africa.
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Court Orders British Airways to Pay Nigerian Passenger N50m for Breach of Contract
Court Orders British Airways to Pay Nigerian Passenger N50m for Breach of Contract
Wale Igbintade
Justice Ibrahim Kala of the Federal High Court, Lagos, has ordered British Airways to pay N50 million in damages to a Nigerian passenger, Mr. Stephen Osho, for breach of contract of carriage and unfair treatment.
Delivering judgment, Justice Kala held that Osho successfully proved that the airline violated its obligations under the international contract of carriage when it failed to provide the service for which he had fully paid.
The court found that the passenger suffered undue hardship, inconvenience, and financial loss as a result of British Airways’ conduct.
In its defence, British Airways argued that Osho was responsible for his own predicament and urged the court not to award compensation.
Counsel for the airline further contended that, if any costs were granted, they should not exceed N60,000.
The court dismissed the argument as untenable in light of the facts before it.
Consequently, Justice Kala awarded N50 million in general damages against British Airways in favour of Osho.
The court further awarded N3 million as costs of the action, citing the expenses incurred, the protracted duration of the case, legal representation, summons fees, and the declining value of the naira.
The court based its decision on the Montreal Convention, 1999, as domesticated under the Nigerian Civil Aviation Act, which regulates claims arising from international air carriage.
While the Convention prohibits punitive or exemplary damages, it permits compensatory relief where passengers prove actual losses.
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Wale Igbintade Justice Ibrahim Kala of the Federal High Court, Lagos, has ordered British Airways to pay N50 million in damages to a Nigerian passenger, Mr. Stephen Osho, for breach
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To Curb Sundry Abuses, FCCPC Issues Regulations on Online, Digital Lending Practices
To Curb Sundry Abuses, FCCPC Issues Regulations on Online, Digital Lending Practices
•Lenders mandated to register with commission or risk N100 million fine, others
James Emejo in Abuja
Executive Vice Chairman/Chief Executive, Federal Competition and Consumer Protection Commission (FCCPC), Mr. Tunji Bello, yesterday, announced the release of Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEON Consumer Lending Regulation), 2025, to address longstanding consumer complaints and a variety of issues.
The landmark regulations, made pursuant to Sections 17, 18, and 163 of the Federal Competition and Consumer Protection Act (2018), sought to primarily safeguard consumers by establishing a comprehensive framework.
The blueprint aimed at addressing exploitative practices, data privacy violations, abusive loan recovery tactics, harassment, and anti-competitive behaviour by certain digital lenders and their partners within Nigeria’s rapidly growing digital credit market.
The framework mandates transparency, fairness, responsible conduct, data privacy, and accessible redress mechanisms, all under the oversight of FCCPC. They were a crucial step towards regulating the country’s rapidly expanding digital lending sector.
Announcing the gazetting and commencement of the regulations in Abuja, Bello said, “For too long, Nigerians have endured harassment, data breaches, and unethical practices by unregulated digital lenders. These regulations draw a clear line that innovation is welcome, but not at the expense of rights and dignity of consumers, or the rule of law.
“These regulations provide the legal tools to hold violators accountable and promote responsible digital finance. No consumer should be harassed, defamed, or lured into unsustainable debt under the guise of digital lending.”
The regulations, which came into effect on July 21, 2025, establishes a robust legal framework to register, monitor, and sanction all forms of digital and non-traditional lending in Nigeria.
Applicable to all unsecured consumer lending conducted through electronic, online, mobile, or other non-traditional means, the regulations set out clear requirements for registration, transparency, data privacy, ethical recovery, fair interest rates, and responsible lending.
According to a statement issued by Director, Corporate Affairs, FCCPC, Ondaje Ijagwu, under the provisions, all digital lenders must register with the FCCPC within 90 days of commencement.
Approval is dependent on meeting consumer protection, data compliance, and transparency standards. Non-compliant operators face sanctions, which may include fines of up to N100 million or one per cent of turnover, as well as potential disqualification of directors for up to five years.
The regulations further prohibit pre-authorised or automatic lending, compel clear and accessible loan terms, ban unethical marketing, and mandate local ownership of at least one service provider for airtime and data lending services.
It also requires joint registration of all lender partnerships and prohibits monopolistic or dominance-based agreements without prior commission’s approval.
The commission further urged consumers to report unlawful or unregistered lenders, unfair interest rates, or privacy violations to the commission.
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•Lenders mandated to register with commission or risk N100 million fine, others James Emejo in Abuja Executive Vice Chairman/Chief Executive, Federal Competition and Consumer Protection Commission (FCCPC), Mr. Tunji Bello,
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Nigeria, Poland Deepen Trade Ties with Inaugural Economic Forum in Lagos
Nigeria, Poland Deepen Trade Ties with Inaugural Economic Forum in Lagos
Emmanuel Addeh in Abuja
The inaugural Polish–Nigerian Economic Forum will take place on September 11, 2025, at the Eko Hotel & Suites, Lagos, marking a major step in strengthening bilateral trade and investment between both countries, a statement made available to THISDAY said yesterday.
Organised by the Polish Investment and Trade Agency in collaboration with the Embassy of the Republic of Poland in Abuja, the one-day forum will bring together leading business executives, government officials, and experts from both countries to explore opportunities for enhanced cooperation.
With more than 15 Polish companies showcasing innovative technologies and industrial expertise, the forum will highlight opportunities in IT and cybersecurity, infrastructure, energy management, housing, oil & gas (downstream), CNG and autogas, and medical equipment, the statement added.
The event represents the largest Polish–Nigerian business-to-business (B2B) event of 2025, designed to deepen partnerships and stimulate economic growth on both sides.
The embassy said that the high-level discussions will focus on Poland’s economic success story, strategic areas for bilateral cooperation, and sustainable finance as a driver of growth.
Speakers will include top Polish officials, Nigerian decision-makers, and industry experts committed to building bridges for shared prosperity.
The participation of KUKE (Polish Export Credit Agency) and BGK (Polish Development Bank), according to the statement, underscores the role of export credit and development financing as key enablers of this cooperation.
“This Forum offers a unique platform to strengthen economic ties and explore practical avenues for investment and trade between Poland and Nigeria,” said the Head of the Foreign Trade Office of the Polish Investment and Trade Agency in Nigeria, Justyna Sitarska.
“We are excited to present opportunities where Polish expertise meets Nigerian market potential for mutually beneficial outcomes,” Sitarska added.
The Forum, according to the statement, will also provide dedicated networking opportunities and an expo where Polish companies can engage directly with Nigerian partners to explore new business ventures.
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Emmanuel Addeh in Abuja The inaugural Polish–Nigerian Economic Forum will take place on September 11, 2025, at the Eko Hotel & Suites, Lagos, marking a major step in strengthening bilateral
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T2 Seals Another Mega Deal with Knot Solutions to Drive End-to-End Digital Transformation
T2 Seals Another Mega Deal with Knot Solutions to Drive End-to-End Digital Transformation
Emma Okonji
T2, a telecoms company and Knot Solutions, a leading digital transformation company based in India, have signed a multi-million-dollar strategic partnership, aimed to modernise T2’s business support systems (BSS) and operations support systems (OSS).
The partnership will help drive T2’s mission to become Nigeria’s Digital Lifestyle Partner and ushering in a digital renaissance in telecoms.
The high-profile signing ceremony held during the ongoing Gitex Nigeria, brought together industry leaders, innovators, and stakeholders from across Africa and beyond. The partnership marks a significant milestone in T2’s four-phase transformation strategy: Stabilisation, Modernisation, Transformation, and Growth as T2 positions itself for a powerful comeback in Nigeria’s competitive telecoms sector. The structured approach underscores its commitment to restoring competitiveness, driving customer-centric innovation, and enabling Nigeria’s digital future.
With strategic initiatives such as national roaming already underway, and a recent multi-million-dollar infrastructure deal with Huawei, creating a powerful dual-pronged strategy that modernizes network operations, access to infrastructure and digital customer engagement platforms, T2 is poised to redefine the digital experience for millions of Nigerian customers.
Together, these deals mark a defining moment in T2’s aggressive return to market leadership, while also showcasing a bold vote of confidence in the Nigerian economy by the company’s investors, led by its Chairman Thomas Etuh.
Speaking about the partnership, the CEO of T2 Mobile, Obafemi Banigbe, said: “This is not just a systems upgrade. It’s a customer-first revolution that transforms how people interact with their digital world, seamlessly, instantly, and on their terms.”
With this foundation in place, T2 is boldly positioning itself beyond the traditional telecom business. The company is evolving into a platform player, one that delivers not only voice and data, but also digital financial services, content, cloud services, and smart lifestyle offerings.
Banigbe highlighted that T2’s vision goes beyond just enhancing its telecom network. “We’re crafting an ecosystem where connectivity is the key to unlocking a world of possibilities – from entertainment and education to commerce and financial empowerment,” Banigbe said.
CEO, Knot Solutions, Sumanth Konuru, said: “Africa’s telecom landscape is transforming rapidly, and the modernisation of BSS and OSS platforms is at the core of that shift. With our flagship cloud-native platform, RaptrDXP, T2 is gaining the ability to move beyond traditional, rigid service models into a dynamic, hyper-personalised ecosystem and we’re proud to be part of this journey and excited about what we will accomplish together.”
He noted that this isn’t just about efficiency, but it’s about delivering unmatched experiences. From real-time billing to personalised service bundles, T2 customers will benefit from a smarter, more intuitive digital journey.
With Huawei, T2 is upgrading its core network infrastructure to deliver enhanced coverage, improved data speed, and reliable service quality. With Knot Solutions, T2 gains the ability to Implement real-time, transparent billing, launch hyper-personalized data and lifestyle bundles, enable self-service tools and apps that put customers in control, build a 360° view of customer interactions through analytics and automation and scale effortlessly through cloud-native architecture.
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Emma Okonji T2, a telecoms company and Knot Solutions, a leading digital transformation company based in India, have signed a multi-million-dollar strategic partnership, aimed to modernise T2’s business support systems
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Ooni Global Celebration: Ife Monarch to Mark 10 Years of Reign with Pan- African Festival
Ooni Global Celebration: Ife Monarch to Mark 10 Years of Reign with Pan- African Festival
Yinka Kolawole in Osogbo
The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, will between November 30th to December 7th, mark the 10th anniversary of his coronation with a landmark international festival themed, “A Reign of Peace, Culture and Unity.”
Speaking at a press conference yesterday in Ile- Ife, Queen Aderonke Ademiluyi Ogunwusi noted that Ooni as the spiritual leader of the Oodua race has redefined traditional leadership for a modern era.
Queen Ogunwusi made it clear that the reign of the Monarch has been a beacon of peace, cultural preservation, and socio- economic advancement, restoring Ile-Ife as undisputed cradle of Yoruba civilization and the spiritual heart of Africa.
According to her, “Since ascending the throne in 2015, Ooni had consistently championed initiatives that have touched lives both within Nigeria and across the diaspora.”
She remarked that as a custodian of Yoruba culture, Ooni has played a pivotal role in cultural diplomacy and Pan-African unity, serving as a bridge between Africa and her diaspora.
Queen Ogunwusi stressed further that through Ooni’s outreach, communities in the Americas and the Caribbean who trace their lineage to Yoruba heritage have strengthened their bonds with the motherland.
She opined that, “beyond cultural ties, the Ooni has been a strong advocate for economic empowerment. through his businesses, including the Inagbe Cocowood factory and the Ojajamore Shopping mall which has created employment for more than 3,000 indigenous youths.”
She said the eight-day celebration, will not only highlight the richness of Yoruba culture but also foster global cultural exchange, affirming Africa’s enduring place in world history.
Queen Ogunwusi however emphasised the festival will attract world leaders, royalty, cultural icons, scholars, and tourists, transforming Ile- Ife into the epicenter of African heritage and global unity for one historic week.
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Yinka Kolawole in Osogbo The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, will between November 30th to December 7th, mark the 10th anniversary of his coronation with a landmark international
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