News
2 Nigerian Startups Make Final List of VentureOut Mobile App Competition

Nearest Locator and Prowork, two Nigerian startups are among 13 finalists selected for the VentureOut Challenge—an initiative of infoDev and CRDF Global with support from Co-creation Hub Nigeria.
The contestants are competing for $10,000 in seed funding before a live audience and a panel of mobile experts in Chisinau, Moldova on November 1, 2013.
The VentureOut initiative was launched to help mobile app entrepreneurs to expand internationally. The finalists include ventures from Africa, the Caribbean, and Europe and Central Asia and represent mobile applications ranging from mobile health focusing on patient-centric health applications to location-based services and different sorts of entertainment including music, gaming and television. The full list of finalists can be found here.
Nearest Locator, one of the Nigerian startups selected, is a location based app that helps you easily find the nearest ATMs, eateries, hospitals, and more.
According to Ayoola Ajebeku, Lead Developer at Nearest Locator, “VentureOut Challenge has greatly helped us to re-engineer and re-organize our priorities by improving our business plan and also focusing more on sustainability and growth.”
The second Nigerian finalist startup, Prowork, is an app that empowers businesses by bringing project management and collaboration together on one platform.
Francis Onwumere, Prowork CEO, said, “We are excited to be named as finalists for the VentureOut Challenge. VentureOut is an opportunity to position Prowork to take better care of emerging markets and expand our reach.
To get to the finals, Co-creation Hub, assisted contestants with their applications and provided experienced local mentors to support the semi-finalists ventures.
These mentors guided Nearest Locator and Prowork to refine their product offerings and internationalization strategies via a strong pitch deck.
All 13 finalists will receive ongoing mentoring from exceptional entrepreneurs and investors from around the globe who have experience building companies and taking them global.
Beyond mentoring the finalists, infoDev and CRDF Global will offer resources for any growing mobile startup to learn necessary skills, make connections, and find inspiration to go global.
The conference in Moldova titled “Supporting Access to International Markets for Startups & SMEs” will include hands-on training sessions to help entrepreneurs identify and develop their customer base and learn other critical aspects of business modeling.
infoDev is a global partnership program within The World Bank Group. Its Mobile Innovation Program supports growth-oriented mobile app businesses by enabling entrepreneurship, building mobile innovation communities, and researching the app economy of emerging and frontier markets. www.infodev.org
Also founded in 1995, CRDF Global is an independent nonprofit organization that promotes international scientific and technical collaboration through grants, technical resources, training and development.
CcHUB, on the other hand, is a social innovation centre dedicated to accelerating the application of social capital and technology for economic prosperity. Our Innovation hub is Nigeria’s premier living lab designed as a space where work to catalyze creative tech ventures take place.
News
LIRS to Invoke NTAA to Recover Unpaid Taxes from Bank Accounts, Others

Lagos Internal Revenue Service (LIRS) pursuant to Section 60 of the Nigeria Tax Administration Act (NTAA), plans to ask Nigerian banks to debit bank accounts of employers who failed to remit tax liability.

This was disclosed in a recent notice on Sunday.
LIRS stressed that the move was in line with the implementation of the country’s NTAA and other new tax laws, which took effect on January 1, 2026.
“Where a taxpayer fails, neglects, or refuses to settle any established outstanding tax liability when due, LIRS may exercise its power under Section 60 to direct any of the following persons to pay the amount owed by the taxpayer:
“Banks and other financial institutions; Employers; tenants, debtors, or customers of the taxpayer; Agents, business partners, and any person holding money on behalf of the taxpayer; Any person owing money to the taxpayer, whether presently due or accruing. Once a substitution notice is issued, the person served is statutorily required to remit to LIRS the amount. Specified in the notice from funds belonging to, or payable to, the defaulting taxpayer,” the LIRS notice partly read.
Meanwhile, Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, weeks ago ruled out claims that the government would debit personal accounts over tax remittances.
News
Anambra Cuts Monday Pay to Kill Sit-at-Home

Anambra State will implement pro-rata salary payments for civil servants starting February 2026, targeting chronic Monday absenteeism from the long-running sit-at-home order, Information Commissioner Dr. Law Mefor announced Saturday.

Soludo
Speaking at an Awka briefing after the Executive Council’s end-of-tenure retreat, Mefor said improved security and transport have eliminated excuses for the four-year disruption, which cost the state trillions in lost revenue. “Workers enjoyed full pay despite staying away; now, no work means no pay for that day, calculated over 24 working days,” he stated.
Compliance measures include mandatory Monday clock-in forms, with markets urged to reopen fully amid bolstered security. This builds on a January 22 executive order docking 20% pay from teachers absent on Mondays.
Mefor warned that lost Mondays cripple revenue collection and productivity, rejecting alternatives like Saturday shifts as capitulation to agitators.
News
Stakeholders Demand Stronger Governance and Infrastructure to Drive Tech Adoption @ Lagos AI Summit

As AI adoption accelerates across Nigeria, leaders at the “AI in Action Now” conference 2026 have called for a balance between rapid innovation and strict regulatory governance. The event, held at the Lagos Oriental Hotel, highlighted both the doggedness of Nigerian builders and the risks of unregulated data usage.

Dotun Adeoye, Co-Founder of AI Nigeria, raised alarms over “Shadow AI”, a trend where employees upload sensitive official documents to public AI platforms. He praised the Nigerian Data Protection Commission (NDPC) for its recent aggressive stance, including multi-million-dollar fines against major banks and social media brands.
“Innovation without governance is dangerous. The regulator now has the job of educating players. We are working in partnership with them to ensure players don’t just get fined, but actually understand how to protect data locally rather than storing it abroad, ” Adeoye noted.
Addressing issues of lack of infrastructure to carry AI adoption, Conference Convener Debola Ibiyode admitted that while Nigeria lacks the traditional foundation for AI adoption, the tech community cannot afford to wait.

“The simple answer is we don’t have the infrastructure, but Nigeria has never really had infrastructure to drive anything, and we still thrive, ” Iboyode said, encouraging students and builders to look beyond current limitations. “Once we start to build based on what we have now, it will encourage those who need to provide the infrastructure to do their part. The world will not wait for us,” she insisted.
To bridge this gap, she highlighted the AI Foundry Africa, an incubator designed to mentor ideas into market-ready products.
Meanwhile, speaking to journalists on the sidelines, Biodun Ogunleye, the Lagos State Commissioner of Energy and Mineral Resources, echoed the sentiment that the government’s role is to facilitate the right environment through partnership. He emphasized that data generated from interactions with the government must have long-term value.
“We must ensure that in all facets from production to interaction with government, the tools required to ensure data has value are appreciated,” Ogunleye stated.
He concluded that through private-sector collaboration, the government can focus on its primary functions while leveraging AI to ensure the nation aspires for the future.
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