News
PIC says Nigeria’s Youth Population Offers Great Potential for Innovation, Technological Advancement

Mr. Udeme Ufot, Chairman, Policy Innovation Centre (PIC) of the Nigerian Economic Summit Group (NESG) has said that the size and youthfulness of the Nigerian population offers great potential for innovation, technological advancement and economic development of the country.

Ufot stated this on Wednesday in Abuja at the Gender and Inclusion Summit 2023 convened by the Policy Innovation Centre of the Nigerian Economic Summit Group.
He noted that for this potential to be harnessed, there was need for strategic investment in health, education, infrastructural development and job creation while leveraging technology to deliver sustainable development at scale.
Commenting on the essence of the Summit, Ufot said it was “conceptualised as a platform for dialogue where critical stakeholders from diverse sectors will reflect on new evidence and contextually relevant solutions to disparities in inclusivity in Nigeria.”
He said: “The Gender and Inclusion Summit has a truly inclusive scope encompassing women, men, children, youth, people with disabilities, and other vulnerable population.
This year, we are dedicating considerable time to discuss issues relating to Nigerian youth for many reasons. Nigeria has the one of the largest population of youth in the world, about seventy percent of the population is under 35 years old.
The median age of youth in Nigeria is 18.1 years and 42% are under the age of 15.”
He commended the efforts of the current government in providing platforms for youth such as the recently launched initiative to train three million tech talents by the Ministry of Communication, Innovation and Digital Economy.
He further underscored the need for “a collective responsibility to develop inclusive approaches to address barriers to quality education, job and internship opportunities and access to health services for Nigeria’s burgeoning youth population.”
Ufot warned that Nigeria cannot afford to have “a large population of poorly educated, poorly skilled, economically unproductive and unhealthy young people.”
He therefore, tasked participants to deliberate on how to lead Nigeria to “a more inclusive nation, where all citizens have equitable access to opportunities and are positioned to realise their God given potentials in a Nigerian economy that is modern and open, private sector-led, and globally competitive.”
In his remarks, former Governor of Abia State, Dr Okezie Ikpeazu, said that following his passion for women development, that he had signed a law making it possible for women to inherit their fathers’ property and own community land.
The law, he explained, allows them to be allocated land as against the customs and tradition which made it difficult for them to own land in their communities.
He said: “Today in Abia State, female children can now inherit their fathers’ property. Now it’s an offence for female children not to be allocated land. The female children can now inherit their fathers’ property.”
Ikpeazu also recalled that he had signed a law against the discrimination of the disabled persons, which made it compulsory for all houses in Abia State to be designed with ramps to enable the disabled easy access.
The theme for the 2023 summit was “Building Bridges: Advancing Gender & Inclusion Through the Intersection of Trade & Health.”
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.
General News3 days agoPalmPay User Shares Experience on Fintech Apps to Trust in Nigeria
News3 days agoStakeholders Demand Stronger Governance and Infrastructure to Drive Tech Adoption @ Lagos AI Summit
General News3 days agoNigerians Target Self-Improvement, Business Startups in 2026 Google Data
General News3 days agoHow Inside Jobs and Policy Shocks Trigger Nigeria’s Rising Loan Crisis
News3 days ago35 Million Nigerians Face Acute Hunger in 2026, UN Warns
E-Financial13 hours agoFirst Asset Management Receives Upgraded Ratings from Agusto &Co and DataPro
General News13 hours agoNigeria Treats Religious Violence as Attack on State – NSA Ribadu
News13 hours agoAnambra Cuts Monday Pay to Kill Sit-at-Home













