BREAKING: Controversial Nigerian Police Spokesman Muyiwa Adejobi Removed From Office, Transferred To Delta Command

Adejobi, who for years served as the public face of the Police Force, leaves behind a trail of scandals.   ArticlesRead More 

2026 WCQ: FIFA Should Have Deducted Three Points From South Africa –Rohr

Benin Republic coach Gernot Rohr has urged FIFA to do the needful by deducting three points from South Africa for fielding an ineligible player in the 2026 World Cup qualifiers.…

IFC: Africa Holds Demographic Competitive Advantage for Digital Economy Expansion

IFC: Africa Holds Demographic Competitive Advantage for Digital Economy Expansion

The International Finance Corporation (IFC) has said that Africa possesses demographic competitive advantage for digital economy expansion with Nigeria positioned as the ground zero base for activity.

The Regional Director, Central Africa and Anglophone West Africa, IFC Nigeria, Dr Dahlia Khalifa, said this on Wednesday in Lagos at the Gulf Information Technology Exhibition (GITEX) Nigeria 2025 conference.

Khalifa noted that across Africa, the digital economy was expanding at remarkable speed powered by internet adoption, mobile penetration and a generation of young innovators rewriting its future.

She added that the demographic realities in Africa meant that its total population would grow from 1.5 billion to 2.5 billion over the next 25 years.

She also said that the population increase would bring 600 million youths, possibly entering the job market, charting the future leading to the fastest growth in the world.

“With more than 60 per cent of Africans under the age of 25, and smartphone adoption rising steadily, Africa is home to one of the largest pools of digital natives in the world.

“Over the past decade, Africa’s digital economy has been one of the fastest growing in the world and is quickly becoming a centre of attraction.

“By 2030, it is projected to contribute about $180 billion to Africa’s Gross Domestic Product (GDP),”  Khalifa said.

The IFC regional director further said that in Africa, Artificial Intelligence (AI) was not just about efficiency but about transformation.

According to her, AI holds extraordinary promise that can enable Africa to scale traditional barriers to growth, and accelerate progress across sectors such as health, education, agriculture, finance and business.

Khalifa however, warned that unless Africa invested in infrastructure, including energy, broadband, digital connectivity and skills, the benefits of AI could bypass the continent.

She quoted IFC’s recent report titled ‘Digital Opportunities in African Businesses’ that stated that the digital transformation could benefit over 600,000 formal businesses and 40 million micro-enterprises.

This development, she said, would boost productivity, raise wages, and create better quality jobs and livelihoods for all.

“This is why the role of the private sector and public-private dialogue is decisive.

“Infrastructure is the foundation, but entrepreneurship is the engine and to seize this opportunity, we need reliable broadband, robust data centres, modern digital infrastructure, and more energy, particularly clean energy that is sustainable.

“We need investment in skills and training programmes that prepare Africa’s youth for the jobs of today and tomorrow.

“We need partnerships between governments, the private sector, and international institutions to create the right policies, foster trust and mobilise capital at scale,” she said.

She revealed that the IFC was committed to helping to unlock the future of Africa’s digitalisation.

Khalifa noted that over the last decade, IFC had financed over $6 billion in Africa’s digital infrastructure, from data centres to fibre networks to affordable broadband.

“By harnessing AI and digital technology responsibly and building the right partnerships, Africa can shape a digital economy that is inclusive, innovative and globally competitive,” she said.

The Executive Vice-President, Dubai World Trade Center, Trixie Lohmirmand, lauded the zeal and resilience of Lagos startup innovators, saying they thrived in spite of power issues and developing infrastructure.

She described start-ups in the country as the fastest rising, fastest growing emerging stars in the world, beating Mumbai, Sao Paulo and Turkey among other nations.

“Nigeria scales with resilience and there is mega high speed space for technology to thrive in Lagos and Nigeria.

“In Lagos where the unicorns are coming from, they build new infrastructure and industry all together, nothing ever before and we would not deny Nigeria access to thrive,” she said.

The Chief Executive Officer (CEO), Alami Capital, Mrs Olu Olufemi-White, also said that great things happen when visionary leaders create space.

She described GITEX as a great space for innovation and ideas and a launchpad for the new generation to forge digital frontiers.

She said that Nigeria was embracing the challenge and boldly trying to forge forward, adding that the next stage of innovation could be built on local demands.

“The future of technology would be shaped by the drive of Nigerian people to solve problems with the support of institutions,” she said. (NAN)

ReplyReply allForwardAdd reaction

The post IFC: Africa Holds Demographic Competitive Advantage for Digital Economy Expansion appeared first on THISDAYLIVE.

​  

The International Finance Corporation (IFC) has said that Africa possesses demographic competitive advantage for digital economy expansion with Nigeria positioned as the ground zero base for activity. The Regional Director,
The post IFC: Africa Holds Demographic Competitive Advantage for Digital Economy Expansion appeared first on THISDAYLIVE.

Motorists, commuters laud Ogun govt as Abeokuta-Sango-Ota-Lagos Expressway wears new look

As construction work continues on the Abeokuta-Ifo-Sango-Ota-Lagos expressway, motorists and commuters have expressed satisfaction with the pace and quality of work done so far on the ever-busy road. It will be recalled that the state governor, Prince Dapo Abiodun, on the 23rd of August last year, flagged off the reconstruction of the expressway with an
Motorists, commuters laud Ogun govt as Abeokuta-Sango-Ota-Lagos Expressway wears new look

As construction work continues on the Abeokuta-Ifo-Sango-Ota-Lagos expressway, motorists and commuters have expressed satisfaction with the pace and quality of work done so far on the ever-busy road.

It will be recalled that the state governor, Prince Dapo Abiodun, on the 23rd of August last year, flagged off the reconstruction of the expressway with an 18-month completion timeline.

Five gangs are working simultaneously at Olomore, Midgad/Metroxide, Papanlanto Junction, Owode, and the Toll Gate axis, where earthwork, stone base, and drainage have been completed while asphalt is being laid.

The failed portions at Brewery, Obada, and Itori Junction up to Lafarge Cement Factory, Ewekoro have been repaired and opened for motorists.

The Olu of Itori, Oba Abdul Fatai Akorede Akamo, while fielding questions from newsmen, noted that the road had been in deplorable condition for a long time due to abandonment by both the federal and previous state governments.

He said: “This road has been abandoned for so many years, and I thank God that Governor Dapo Abiodun took the bull by the horns and committed to doing the Lagos-Ota-Abeokuta road.

“Though it is a federal road, Governor Abiodun said he would complete the road, and he has started it. Our governor is a man of his word, and his word is his bond.

“I have never witnessed such a governor in the state since my enthronement who says something and achieves it. We will tell our stories by ourselves; the giant stride of the governor on this road is still unbelievable.

“Governor Dapo Abiodun is a man of the people; he feels the people’s pain, and the governor is doing fine because he has someone at his back. President Bola Ahmed Tinubu has been our governor’s pillar of support.

“What he met on the ground when he became the governor was so sad, but today, we thank God that God has revealed Himself.”

A transporter, Opeyemi Akindele, who plies the Abeokuta-Papalanto route, commended the contractor handling the project for a job well done, adding that with the construction, the rate of accidents has reduced, while traffic bottlenecks are now a thing of the past.

“What I can say about this road is that we drove one-way because the road was in terrible condition before now. Some portions of this road used to be like swimming pools, but the current government of Governor Dapo Abiodun has done very well by fixing this road.

“There have been some governors before Governor Abiodun who did not do anything on this road, but Governor Abiodun is working on it now. We can’t say he is not doing anything; he is doing very well with this road.

“The movement of vehicles along this axis is now very smooth compared to before. In the past, we used to have constant breakdowns of our vehicles because of the state of the road,” he said.

He, however, called for the provision of a trailer park between Papalanto Junction and Lafarge Cement Plant so that articulated vehicles would not block the road.

Also speaking on the current state of the road, a resident of Papalanto, Ololade Anjolaoluwa, said: “The road was very bad before now; the traffic around here was huge in the past, but now, we thank God that the administration of Governor Dapo Abiodun has come to our aid.”

Another resident, Akande Michael, appreciated the current state of the road, calling on the contractor to redouble their efforts and deliver the job on time.

“There are a lot of changes on this road, even though work is still ongoing.

“I can testify that accidents have ceased to happen on this road because the Ogun State Government commenced reconstruction. We are very happy and appreciate the Governor Dapo Abiodun-led administration.

“From Itori to Papalanto, they are doing a fantastic job there, and I commend them,” he added. Ali Adoyi

Motorists, commuters laud Ogun govt as Abeokuta-Sango-Ota-Lagos Expressway wears new look

NMDPRA holds publich hearing with three states to be linked by gas pipeline

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has held a public hearing in Abia State on the application submitted by a company to construct and operate a major gas pipeline that will link Delta, Imo, Abia and Akwa Ibom States. Kwale Pipeline Limited is seeking licenses for three pipeline projects: 24-inch by 249
NMDPRA holds publich hearing with three states to be linked by gas pipeline

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has held a public hearing in Abia State on the application submitted by a company to construct and operate a major gas pipeline that will link Delta, Imo, Abia and Akwa Ibom States.

Kwale Pipeline Limited is seeking licenses for three pipeline projects: 24-inch by 249 km gas pipeline from Kwale Gas Processing Plant in Delta State to Aja Energy FZE at the SPFL Gas and Petrochemicals Free Zone in Akwa Ibom State.

It is also seeking to build 34-inch by 150 km gas pipeline from Uguali facility in Imo State to Aja Energy FZE in Akwa Ibom State, and a 10-inch by 249 km gas pipeline from Kwale Gas Processing Plant in Delta State to Aja Energy FZE in Akwa Ibom State.

The hearing which took place in Umuahia, brought together community leaders where the pipeline would pass, security agencies, government officials and company representatives.

The Special Assistant to Governor Alex Otti on Lands, Okorugo Aji who spoke on behalf of Abia State Commissioner for Lands and Housing, Chaka Chukwumerije, said the initiative would open up economic development of Abia State.

In their own speeches, representatives of Kwale Pipeline Limited, Mrs Nwobodo Oluchi and Mr Anthony Asuka pledged that local communities would benefit from surveillance contracts, employment, and compensation in line with Nigerian laws.

NMDPRA’s representative, Eze Ordu, noted that the project could attract the establishment of a gas substation in Ukwa, potentially creating hundreds of jobs for local youth.

Traditional leader of Umunteke autonomous community, Eze Jackson Ibe and Eze Tony Nwagbara of Ohambele autonomous community, commended Governor Alex Otti for his achievements and called for accelerated development of Ukwa land through her rich petrogas resources.

NMDPRA holds publich hearing with three states to be linked by gas pipeline

NUPRC: Investors not swayed by slogans but respond to clarity, fairness’ – CEPAI

The signing of Production Sharing Contracts, PSCs, for two offshore oil blocks between the Nigerian National Petroleum Company Limited, NNPC, and the TotalEnergies–Sapetro consortium has been described by stakeholders as a clear sign of renewed investor confidence in Nigeria’s upstream sector. Under the supervision of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, the process, which
NUPRC: Investors not swayed by slogans but respond to clarity, fairness’ – CEPAI

The signing of Production Sharing Contracts, PSCs, for two offshore oil blocks between the Nigerian National Petroleum Company Limited, NNPC, and the TotalEnergies–Sapetro consortium has been described by stakeholders as a clear sign of renewed investor confidence in Nigeria’s upstream sector.

Under the supervision of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, the process, which began in December 2024 with a competitive bid round, involved blocks spanning about 2,000 square kilometres in the prolific Niger Delta Basin.

The process involving Petroleum Prospecting Licences (PPLs) 2000 and 2001, was finalised in Abuja on Tuesday.

Speaking on the development, the Executive Director of the Centre for Energy, Policy and Investment, CEPAI, Dr Chika Patrick, said the decision of long-established operators such as TotalEnergies and Sapetro to commit fresh capital into deep water exploration was a vote of confidence in the reforms championed by NUPRC Chief Executive, Gbenga Komolafe.

“Investors are not swayed by slogans; they respond to clarity, predictability, and fairness. The presence of companies with decades of operations in Nigeria stepping forward to take on new frontier assets reflects the trust they now place in the regulatory and governance environment crafted by NUPRC under Komolafe’s stewardship,” Dr Patrick explained.

He added that the PSC framework under the Petroleum Industry Act (PIA) had repositioned Nigeria’s oil sector by embedding obligations on royalties, profit oil sharing, host community development, environmental safeguards, and decommissioning plans.

Dr Patrick said the commission under the leadership of Gbenga Komolafe had brought renewed vigour and credibility to Nigeria’s upstream oil and gas sector, particularly by strengthening transparency, competitiveness, and fiscal discipline.

“The successful conclusion of the Production Sharing Contracts for PPLs 2000 and 2001 underscores the profound changes that have taken root in Nigeria’s oil industry under the NUPRC. What we are witnessing is the fruit of deliberate reforms that prioritise transparency, investor confidence, and national interest,” Dr Patrick said.

He further noted that the commission’s role goes beyond supervising transactions, stressing that its oversight of licensing terms, cost recovery structures, host community obligations, and environmental safeguards positions Nigeria as a competitive and responsible player in the global energy landscape.

“What this means for Nigeria is more than just oil. It translates to improved reserves, stronger energy security, new jobs, and deeper local content.

“The framework ensures value to the federation through signature bonuses, royalties, production milestones, and profit oil sharing, while also placing firm obligations on investors to develop host communities, comply with environmental remediation standards, and plan responsibly for decommissioning. These are the hallmarks of a regulator that is not only forward-looking but also uncompromising in protecting national interest,” he said.

Dr Patrick also recalled the growing recognition Komolafe has attracted internationally and within Nigeria for his reformist leadership, citing the Servicom Distinguished Trailblazer Award, the Nigerian Association of Petroleum Explorationists (NAPE) Award for Driving Energy Policy Reforms, and the prestigious recognition bestowed at the 2025 Africa Energies Summit in London.

“These awards are not ceremonial; they are testimonies of impact. They validate the transformational journey Nigeria’s upstream sector has embarked upon. Under Komolafe, NUPRC has become not just an industry regulator, but a symbol of how bold reforms and strong institutions can rewrite the story of an entire sector,” Dr Patrick noted.

He added that the benefits of the new PSCs extend beyond the oil companies, as the contracts would create space for the growth of indigenous service firms, encourage technology transfer, and accelerate the country’s decarbonisation commitments.

NUPRC: Investors not swayed by slogans but respond to clarity, fairness’ – CEPAI

NDDC Created to Facilitate Dev’t in N’ Delta, Not Frivolous Spending, Says Youth Leader

NDDC Created to Facilitate Dev’t in N’ Delta, Not Frivolous Spending, Says Youth Leader

Sylvester Idowu in Warri 

A prominent activist and youth leader, Comrade Frank Akiefa, has advised the Managing Director and Chief Executive Officer of the Niger Delta Development Commission (NDDC), Dr. Samuel Ogbuku, to prioritize developmental projects in the execution of the agency’s mandate.

He decried recent celebrations, including the managing director’s birthday in seven states of the Niger Delta as waste and anti interests of the generalities of the people of the region.

Akiefa, a key figure in the Ijaw Youth Council (IYC), in a statement issued Wednesday in Warri, emphasized that the commission was established to address the pressing developmental needs of the Niger Delta, a region rich in resources yet plagued by underdevelopment and neglect.

“The NDDC was created to facilitate development in the Niger Delta, not to serve as a platform for lavish birthday parties.

“While we acknowledge the importance of celebrating milestones, it is imperative that the focus remains on the pressing issues facing our region, issues such as inadequate infrastructure, lack of access to quality education, and the urgent need for healthcare facilities,” he stated.

Akiefa’s remarks come in the wake of reports regarding Ogbuku’s recent birthday celebrations, which were characterized by opulence and grandeur. 

The activist argued that such display of wealth was inappropriate given the socio-economic challenges faced by the people of the Niger Delta.

“The funds that are being spent on extravagant parties could be better utilized in executing projects that would uplift our Niger Deltans. 

“We need to see more investment in roads, schools, and healthcare facilities. The people of the Niger Delta deserve better, and it is the responsibility of the NDDC to ensure that development is prioritized,” he stated. 

Akiefa urged Ogbuku to redirect his efforts towards meaningful development initiatives that would have a lasting impact on the lives of the people in the Niger Delta.

He vowed to petition the anti-graft agencies should the management of the NDDC fail to change and embark on viable projects that will impact the lives of the people.

Akiefa also maintained that the agency was not only created for provision of street lights across the Niger Delta states but projects in health, education and other social infrastructural interventions.

The post NDDC Created to Facilitate Dev’t in N’ Delta, Not Frivolous Spending, Says Youth Leader appeared first on THISDAYLIVE.

​  

Sylvester Idowu in Warri  A prominent activist and youth leader, Comrade Frank Akiefa, has advised the Managing Director and Chief Executive Officer of the Niger Delta Development Commission (NDDC), Dr.
The post NDDC Created to Facilitate Dev’t in N’ Delta, Not Frivolous Spending, Says Youth Leader appeared first on THISDAYLIVE.

Exclusive Interview – All You Need To Know About The Illustrious Striker Simy Nwankwo

Get an exclusive look into the life and career of the illustrious striker, Simy Nwankwo, in this interview. Learn all about his journey with the Super Eagles and his time…

Courtois Gives Thoughts On Man United New Goalkeeper Lammens

Manchester United have signed a “huge talent” in Senne Lammens, according to Real Madrid and Belgium star Thibaut Courtois. Lammens became the Red Devils’ final signing of the transfer window…

2026 WCQ: Lookman, Dessers Arrive Super Eagles Camp In Uyo

The duo of Ademola Lookman and Cyriel Dessers have arrived the Super Eagles camp in Uyo ahead of their Group C, 2026 FIFA World Cup qualifiers against Rwanda and South…

Business & Economy

JUST IN: Dangote Refinery announces resumption of petrol sales in Naira
Africa Food Prize: IITA celebrates Nigerian scientist’s breakthrough in cassava, yam innovation
Dangote responds as PENGASSAN threatens major disruption of refinery
PenCom expands investment options, caps corporate exposure at 25%
Ecobank Group exits Mozambique, completes sale of subsidiary to Malawian lender
NEITI calls for urgent reform of Nigeria’s solid minerals sector
FAAN to enforce cashless transactions at Lagos, Abuja airports
Unity Bank’s merger with Providus receives shareholders’ approval
NNPC posts N539 billion net profit in August
Dangote Refinery sacks workers, gives reasons