News
Prof. Oge Elom, AE-FUNAI VC Commends NOTAP on IPR Promotion

Prof. Sunday Oge Elom, the Vice Chancellor of Alex Ekwueme Federal University Ndufu-Alike, Ikwo (FUNAI), Ebonyi State, has commended the National Office for Technology Acquisition and Promotion (NOTAP) for its role in creating Intellectual Property Rights (IPR) awareness in Nigerian knowledge institutions.

Professor Elom made the commendation at the Commissioning ceremony of Intellectual Property and Technology Transfer Office (IPTTO) established by NOTAP in AE-FUNAI.
He said that the commissioning of IPTTO in the institution was a clear demonstration of commitment by the Management of NOTAP and by extension, the Federal Ministry of Science, Technology and Innovation to stimulate innovative activities in the University.
He said that as a university, the school was irrevocably committed to academic excellence benchmarked on research and development (R&D) activities. He added that it was the desire of his administration to encourage and promote product-driven research geared towards providing solutions to the array of societal challenges.
The VC used the opportunity to express appreciation to the Honourable Minister of Science, Technology and Innovation, Dr. Ogbonnaya Onu for supporting the collaboration between the University and NOTAP, which according to him, gave birth to the establishment of IPTTO in the institute, in addition to the upgrading of the Chemical Engineering Laboratory.
He however, expressed hope that lecturers, researchers, inventors and innovators within the university environment and the southeast zone in general, will benefit from the Office in dealing with issues of copyrights and patents as regards their research and innovation ideas in a seamless manner.
Earlier in his opening remarks, Dr. DanAzumi Mohammed Ibrahim, the Director General of NOTAP, who was represented by the Director Corporate Planning department of NOTAP, Mrs. Idoreyin Imiyoho said that the Office was established to regulate the inflow of foreign technology into the country and at the same time, promote indigenous technologies.
The DG said that Nigeria has a weak intellectual property (IP) culture which according to him, the establishment of IPTTOs across Nigerian knowledge institutions is aimed to improve. He added that knowledge institutions are the hub for inventive and innovative activities therefore, there was need to create awareness on importance of IP to the socio-economic advancement of the Country.
Dr. Ibrahim stated that what distinguishes developed from developing countries was the quality of goods and services emanating from their research undertakings.
He added that the strength of nations was no longer measured by the amount of mineral resources but the level of human capital development. He urged researchers to engage more in demand-driven research that will attract venture capitalists rather than conventional research for the purposes of career progression.
He noted that the global ranking of Universities was based on the level of research outputs of such institutions and not necessarily the number of publications, adding that while it was important to share ideas through publications, researchers should as a matter of priority patent their inventions before publishing so as to reap financial benefits.
The DG used the avenue to preach for synergy between the academia and the industry, noting that research and development results can hardly metamorphous into goods and services without collaboration between the two bodies.
He reiterated that a lot of innovative activities in the knowledge industry end up on the shelve at prototype level due to insufficient awareness of the research works in the knowledge industry, adding that over dependence on imported raw materials by industries among others culminate into underdevelopment of this country.
News
New Horizons Invests N50m to Empower Almajiris with Skills

New Horizons Nigeria has launched a N50 million initiative aimed at transforming 21 Almajiri children into skilled computer technicians within 90 days, to tackle youth unemployment and harness human potential.

The Almajiri-to-Tech programme, officially launched in Abuja on Monday, provides participants with full training, meals, clothing, tools, and logistics support, all fully funded.
Speaking at the launch, the Chief Executive Officer of New Horizons, Tim Akano, said the programme represents a new journey in the history of Nigeria by restoring the original purpose of the Almajiri system, which he described as “children sent out to seek knowledge.”
“The word Almajiri comes from an Arabic term meaning emigrant and seeker of knowledge. Historically, children were sent to learn morals, responsibility, and skills to add value to society,” Akano said.
He added that the disruption of this system during colonial times forced many children onto the streets, a challenge that persists today.
Akano highlighted the urgency of addressing the Almajiri issue, noting that there are an estimated 15 million Almajiris in the country, with a population growth rate of around three per cent annually.
“If we do not solve this problem as a country, we are sitting on a time bomb,” he warned.
According to him, the programme focuses on hands-on technical skills rather than theory. Trainees will learn to repair mobile phones, laptops, televisions, radios, standing fans, and other electronic devices, as well as build inverter batteries using recycled electronic waste.
“We are not teaching theory. We are teaching practical skills you can use to earn a living,” Akano said, stressing that the programme will not interfere with the participants’ Quranic education.
“We are still going to allow you, within the period of learning. Your learning computer here is not stopping your Quranic education.
“You still have time within our space here. Whenever you want to go and pray, you can pray, then come back to class,” the CEO stressed.
He added that participants will also receive daily meals, water, T-shirts identifying them as technicians-in-training, and access to all necessary tools and equipment throughout the 90-day programme.
Akano said the initiative is part of a larger mission by New Horizons Nigeria, which has spent the past 21 years training about 100,000 Nigerians annually in IT and related skills.
He said the new programme aims to “take human genius off the streets and convert it into human capital, enabling these youths to contribute meaningfully to the economy.”
He added that equipping Almajiris with skills could add 15 million people to Nigeria’s workforce and potentially increase the country’s GDP by as much as $20 billion, stressing that productivity depends on practical skills and opportunity.
“Everything that can be taught can be learned. If someone can memorize the Quran cover to cover, there is nothing that cannot be done. What they lack is information, opportunity, and infrastructure, and we are providing all of that,” Akano said.
Akano also stressed that the initiative is designed to inspire other organizations and government agencies to replicate similar programmes across the country.
“This is not just about 21 children; it is about showing Nigeria what is possible when resources meet intention and planning.
“If we succeed in empowering these Almajiris, we demonstrate that the country can turn social challenges into economic opportunities. It’s a blueprint for Nigeria’s future,” he said, noting that the initiative combines social reform, technical education, and economic empowerment.
Also speaking, one of the trainees, Fatima Umar, appreciated the organisers and promised to maximise the opportunity.
“We’ll make you proud of us. We have nothing to say here but to thank and appreciate you. May Almighty Allah continue to guide and protect you,” Umar said.
News
IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

International Monetary Fund has upgraded Nigeria’s 2026 economic growth projection to 4.4 per cent, reflecting improved macroeconomic stability and sustained reforms.

IMF
The January 2026 World Economic Outlook Update forecasts Nigeria’s growth trajectory at 4.1 per cent in 2024, 4.2 per cent in 2025, and 4.4 per cent in 2026—a 0.2 percentage point increase from the October 2025 estimate.
This aligns with sub-Saharan Africa’s projected 4.6 per cent expansion in 2026 and 2027, driven by regional stabilisation efforts.
Globally, the IMF anticipates 3.3 per cent growth amid resilient conditions tempered by trade policy shifts and technology investments. For Nigeria, declining energy prices—expected to fall seven per cent due to weak demand—pose risks, though OPEC+ coordination and China’s stockpiling provide support.
Despite the optimism, downside risks persist from Middle East and Ukraine tensions, protectionism, high debt, and fiscal deficits. The Fund recommends rebuilding fiscal buffers, ensuring central bank independence, and limiting temporary fiscal measures to maintain stability.
Nigeria’s success hinges on consistent reforms and resilience against domestic and global shocks, the IMF concluded.
News
Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s crude oil production, excluding condensate, dropped by 0.7 per cent to 1.486 million barrels per day (mbpd) in November 2025 from 1.496 mbpd in October.

OPEC
The figure, drawn from secondary sources in OPEC’s December 2025 Monthly Oil Market Report, fell short of Nigeria’s 1.5 mbpd quota. Direct communication data showed output at 1.436 mbpd, up from October’s 1.401 mbpd, but still below target.
Nigeria produces around 196,028 bpd of condensate, excluded from quota calculations per Nigerian Upstream Petroleum Regulatory Commission figures. Year-on-year, November’s output marked a slight gain over 1.417 mbpd in November 2024.
Expert Cites Insecurity, Governance Gaps
Petroleum economics expert Wumi Iledare described the quota miss as unsurprising, blaming persistent insecurity, an ageing oil basin lacking new finds, and unoffered hydrocarbon blocks. Governance shortcomings and policy uncertainty further erode investor confidence, he noted.
Selective implementation of the Petroleum Industry Act worsens the situation, with Nigeria needing a single authoritative leader for the sector rather than multiple proxies, Mr Iledare stressed. The country has struggled to consistently hit OPEC targets for years.
E-Financial1 day agoHere Are Nigerian Banks That Have Secured Their Licences
Telecom1 day agoMTN CEO Toriola Hails Nigeria’s Telecom Transformation at MIPAD
E-Financial1 day agoZenith Bank Top Nigerian Bank Pick Ahead of GTCO, AccessCorp
News1 day agoICPC Charges Ozekhome with Forgery, Corruption Over London Property
E-Financial1 day agoNigeria Processed $92.1Bn Crypto Transactions in 12 Months — PwC
E-Financial1 day agoTax Ombudsman will Save Nigerians Money, Time – CEO
Telecom1 day agoLebara Launches Agent Registration Portal
E-Business1 day agoElon Musk Seeks $134Bn from OpenAI, Microsoft for ‘Wrongful Gains’


















