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Khalil Halilu’s 365 Days Outstanding Transformations at NASENI

By Olusegun Ayeoyenikan
National Agency for Science and Engineering Infrastructure (NASENI) is mandated to make available in the Nigerian market the primary and intermediate capital products required for machine and equipment design, fabrication, and mass production to provide an enabling environment for sustainable industrialization of the country.

The agency, established in 1992, continues to make progress in Nigeria’s technological advancement, driving home-grown innovation and improving manufacturing capabilities. While playing this role, NASENI has successfully developed more than 150 innovative products as well as prototypes bolstered by its Development Institutes and Centres, thus contributing to fostering excellence in science, engineering technology and manufacturing.
Commendable so far, however, the NASENI’s socio-economy trajectories or real-time impacts in the country, its previous challenges included lack of patronage of its technologies and products by local entrepreneurs or businesses, exacerbated by low R&D results commercialization activities, leaving most research outcomes to waste away on shelves. True, NASENI always could boast of having various innovative products but it had very weak linkage with Small & Medium Enterprises (SMEs) or big corporations whose day-to-day activities required the use of various technologies, machines and equipment already developed by the agency.
As this particular challenge persisted over the years, then came on Monday 4th September 2023 a new executive Vice Chairman/chief executive, Mr. Khalil Suleiman Halilu who was appointed by President Bola Ahmed Tinubu to lead NASENI. It is good to note that the President Tinubu himself is the Chairman of the Governing Board of NASENI in line with the agency’s establishment Act 2004. Immediately on assumption of office, Halilu like a man who knew where the proverbial shoes pinched the most brought a dramatic management change of focus towards full commercialization of NASENI’s resources, to make available in the market and also end users its R&D products, machines and other equipment to boost the economy.
NASENI today stands as a beacon of hope for Nigeria’s indigenous technological advancement, aligning with its core mission of fostering needed dynamic science and engineering Infrastructure for national progress. The agency under the leadership of Halilu has articulated a bold vision and promoted a shared management-staff philosophy hinged on 3Cs principles of Creation, Collaboration and Commercialization to fuel Nigeria’s innovation and sustainable future. This approach has indeed opened more doors to result-based NASENI’s partnerships with both national and international corporate communities.
Inspired by previous experience as a techpreneur and businessman before his appointment to lead NASENI, Halilu’s leadership model is to do everything to conserve resources, avoid duplication of efforts, and shorten go-to-market time. What this means is that wherever NASENI finds serious partners who are already operating in areas of interest, it will work with them to improve the agency’s products and take these products to the market. As a government agency, Halilu said NASENI under him is not out to compete with the private sector. Instead, the agency will serve as partners and enablers, helping the private sector to achieve everything from design to testing, or helping companies in scaling-up production capacity and to seek out new markets.”
As a result of this strategy, within a space of one year the agency had unveiled to the general public some branded technological products manufactured in collaboration with its partners. They included solar irrigation systems, electric vehicles (ranging from tricycles to motorcycles), NASENI home solar system, animal feed milling machines, laptop, smartphone, solar street lamp and lithium battery. All these efforts were geared towards creating jobs and to reduce import bills.
Halilu brought a mix of deep private sector experience and working knowledge of the public sector, amassed from delivering high-impact technology and digital solutions across both sectors. In the private sector, before his sojourn in NASENI, Khalil Halilu had founded two start-ups-Shap shap technologies Limited, a Nigerian logistics start up focusing on the last-mile delivery market, as well as Africa’s first on-demand commodity marketplace, an innovation incubator and the CANs-the first eco-friendly Technology Hub in West Africa. In his consulting work, Halilu built and deployed solutions tailored to improve the quality of government-citizen engagement, election monitoring including support for victims of gender-based violence amongst others.
In September 2023, Halilu hit the ground running with the launching of a NASENI Strategic Launchpad which simplified attainable goals concerning the mandate, vision, mission and operations of the Agency into short, medium and long-term plans. Secondly, he changed the NASENI corporate logo to portray a predominant blue colour to reflect the agency’s operational affinity with the private sector or the business world. Halilu introduced a well thought out corporate plan called ‘strategic Launchpad’ which outlined four pillars that encapsulated the agency’s vision namely: Enhancing Nigeria’s Manufacturing Capacity, Reducing Nigeria’s Import Dependency through Research and Development, Strategically Repositioning NASENI and Leveraging the Comparative Advantages of Nigeria’s 36 States and the Federal Capital Territory.
Halilu’s philosophy on the need for a strategic plan before getting down to business was in line with the popular adage that “he who fails to plan, has planned to fail already”. The NASENI strategic document amongst others clarified in simple languages the mandate, objectives, targets and achievable goals of the agency within a stipulated or achievable time-frames, taking into account the factors of human, material and other resources given to the agency by the Federal Government. So far, the document has provided an effective guide for deployment of resources, its optimization and measurements leading to all the achievements which everyone now could see or touch.
The past 12 months: NASENI had deliberately signed critical Memorandum of Understandings (MOUs) with local and international partners aimed at advancing Nigeria’s economic growth and development. Some of them include a $150 million deal with Schenzen LEMI Technology Development Company Ltd to establish a lithium battery manufacturing and processing factory in Nigeria.
It signed agreements with three other Chinese companies for new projects valued at $2 billion. They include Shanghai Launch Automotive Technical Co Ltd – to establish a new energy automobile facility for the production of new energy electric vehicles; China Great Wall Industry Corporation-for the turnkey delivery of Unmanned Aerial Vehicles (UAV) assembly line projects; and Newway Power Technology Company Ltd-for the transfer of technology on lithium batteries, electric vehicles and allied technologies.
Others are: Galaxy Backbone Ltd to support NASENI’s High Performance Computing 2.0 projects; Rural Electrification Agency (REA) to provide technical support assistance and expertise using home grown renewable energy technologies; and PT Saputra Global Harvest of Indonesia to establish coal-based fertilizer plants in Nigeria. NASENI had signed MoU with Nasarawa State Government and Bobtrack Tractors to establish a tractor assembly and production factory at its Agricultural Machinery and Equipment Development Institute (AMEDI), Lafia to enhance food security; the Ministry of Defence and DICON to establish an ammunition production factory; a $21.7 million counterpart funding with the Technical Agency of the Czech Republic (TA-CR) for take-off of Delta-2 Projects; Niger State government for Agric mechanization; Family Homes Funds Ltd for affordable housing development; and Caverton Helicopters for the establishment of a drone assembly plant, a drone training school, and a service centre for helicopters; amongst other agreements.
NASENI is also collaborating with the Federal Ministry of Agriculture and Food Security to deploy existing technical competencies and exchange of resources by the two institutions to improve Agro-allied-industries development targets, climate change mitigations and smart solar irrigation aimed at dry-season farming. These partnerships will have a profound impact, generating hundreds of thousands of direct and indirect jobs, contributing significantly to Nigeria’s economic growth, agricultural sector, food security, and renewable energy development. The efforts have no doubt positioned NASENI as a catalyst for Nigeria’s economic transformation, driving progress in critical sectors such as agriculture, healthcare, housing, energy, transportation, ICT and manufacturing.
The entry of Mr. Khalil S. Halilu has brought into the agency many strategic infrastructure development projects, including cutting-edge research facilities and technology hubs installed at NASENI headquarters and its development institutes. He has revitalised partnerships with local and international stakeholders, fostering collaboration and knowledge sharing, innovative initiatives to promote entrepreneurship, job creation, and economic growth.
He has not left any stone unturned in contributing to the promotion of the green energy initiative of the Federal Government and mitigation of climate change. His recent partnership with Portland Gas Limited resulted in the establishment of NASENI-Portland CNG Conversion and Training Centre at Utako, Abuja which has raised the bar of sustainable alternative fuel solution to reduce greenhouse gas emissions and save fuel costs for vehicle owners.
Also, Halilu did not neglect the issue of staff welfare and human capital development. Notable achievements in this area were the introduction of enhanced staff welfare package and training programmes including capacity building initiatives described as unprecedented. As at today, there is no staff of NASENI (from low to highest ranks) who have not attended one form of training or the other within the range of local and international trainings to improve work performance; inspiring a new mindsets and attitudes to work even as he is deliberately engineering new NASENI generation scientists, engineers, and innovators including other support staff to dream big for the agency. This new trend of focusing on staff development has created a renewed sense of purpose and optimism by the entire workforce. Many staff are saying that “it is a new NASENI indeed under the leadership of Khalil Suleiman Halilu as executive vice chairman and chief executive”
The NASENI family now is cultivating a culture of innovation, emphasizing continuous training and skill development to meet global standards and also to produce world-class products. This commitment to leveraging NASENI’s capabilities and fostering a culture of innovation has positioned it to make a substantial impact in Nigeria and beyond.
As NASENI continues to move ahead with Nigeria’s technological advancements and infrastructure development focus, the impacts on the economy will be profoundly felt soon. With focus on innovation, collaboration, and transformative leadership, the agency is set to make remarkable differences in shaping Nigeria’s technological landscapes toward economic prosperity. Exciting times lie ahead for NASENI as it continues on its forward-looking paths to propel innovation and economic growth for Nigeria under Mr. Khalil Suleiman Halilu as NASENI CEO. It’s truly a remarkable one year of renewed hope, 365 days of giant strides and transformation of the agency.
Olusegun Ayeoyenikan is the Director of Information, NASENI. He writes from the agency’s headquarters in Abuja.
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How to Use the Correlation of Gold with Other Trading Assets in the Forex Market

Gold remains one of the most powerful commodities in the global financial architecture. It is widely recognized that, for traders in Nigeria, specifically, currency pressures, inflation expectations, and shifts in global liquidity make up the macro environment more often than not; hence, understanding the correlation of gold with key Forex assets is more of an economic insight than a trading tactic.

The correlation between gold and currencies, equities, bonds, and even energy markets provides a broader framework for interpreting global risk sentiment. A growing number of Nigerian investors use this correlation to hedge against inflation, read capital-flow trends, and adjust trading strategies across major currency pairs.
Why Gold Matters in Today’s Macro Environment
This can be explained by looking at the larger picture and how global factors either positively or negatively impact the price of gold: spiraling inflation, geopolitical tension, tightening by central banks, and the flight-to-safety dynamic that heightens in moments of market stress. African traders, especially those active with international brokers such as JustMarkets, are very sensitive to how gold performs not only as a commodity but also as a macro indicator.
Indeed, the strongest correlations of gold are more often found with the US dollar, major bond markets, equity indices, and energy instruments in periods of high geopolitical risk. Each one of these offers a different angle for Nigerian traders to approach macroeconomic changes.
Gold and US Dollar: The Most Watched Correlation
The inverse correlation between XAU and the USD remains one of the bedrock relationships in global finance. It usually weighs on gold because a stronger dollar raises the opportunity cost of holding the metal. Conversely, the opposite has occurred when the market has priced in rate cuts, rising inflation, or policy uncertainty.
This relationship provides Forex traders in Nigeria with a macro perspective:
USD strength; pressure on gold; bullish signals for USD-pairs like USD/JPY or USD/CHF
USD weakness; appreciation of gold; potential strengthening of the non-USD majors
This dynamic is often emphasized by platforms such as JustMarkets in their markets analytics, allowing traders to match the technical setup with real policy shifts from the Federal Reserve.
Gold and Bond Yields: A Window into Global Risk Appetite
Gold is highly sensitive to real interest rates. When US real yields fell, it sent gold higher because investors saw it as a hedge against inflation and thus a haven. Yet higher yields tend to dampen demand for precious metals.
To traders, this correlation is a reason for short-run volatility around announcements like:
US CPI
FOMC decisions
Results of Treasury auctions
In countries like Nigeria, when domestic inflation is high and Naira pressure amplifies sensitivity to global risk, the movement of gold often proves an early indicator of how capital might rotate between safe havens and risk assets worldwide.
Gold and Equity Markets: The Fear Gauge
While geopolitical tensions or recession fears tend to deflate equity markets, they strengthen gold. This negative relationship is considered helpful for traders looking to deduce spikes in volatility and risk-off flows. Examples include:
Sharp US30 or NAS100 declines coupled with XAU/USD rallies
Broad-based sell-offs driven by political uncertainty or commodity shocks
This dynamic helps explain to the Nigerian analysts focused on policy and political economy how global risk events transmit to the local market through capital-flow sentiment.
Gold and Energy: Transmission via the Inflation Channels
Although gold and oil are not directly correlated, both respond to inflation expectations. Surging oil prices can fuel inflation forecasts that support the price of gold.
This channel is particularly important in the case of Nigeria, a major oil exporter. When crude markets temporarily tighten due to supply disruptions or OPEC policy decisions, gold becomes a complement to hedge against global inflation risk.
Trading with the Use of Gold Correlations
A structured approach allows traders to put gold’s relationships into practice:
Start with the macro driver.
Identify whether inflation, geopolitics, or monetary policy is the primary force shaping markets.Translate the macro event into correlation expectations.
Example: falling bond yields lead to a weaker USD, which in turn supports gold and could lead to upside in EUR/USD.Use correlation clusters instead of isolated signals.
Gold + USD + bonds provide a more reliable picture than gold alone.Apply risk management aligned with volatility cycles.
Gold’s volatility often spills over into major currency pairs.
Market platforms like JustMarkets emphasize these cross-asset links to help traders simplify complex macro interactions into actionable insights.
Why Nigerian Traders Pay Close Attention
The Nigerian economy is highly integrated into global commodity flows; inflation cycles, dollar liquidity, and geopolitical developments tend to reach the local market faster than the pace at which policy adjustments can be made.
Gold serves as a barometer of global risk, a hedge against currency depreciation, and a signal of moves in the key USD pairs that headline Nigeria’s trading activity.
In a region increasingly active in the Forex market, understanding the relationships involving gold is not just about trading but also a strategic tool for analyzing global economic behavior
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Tim Akano Recounts 20-Year Growth, Media Support at NITRA End-of-Year Meet

Mr. Tim Akano, New Horizons Chief Executive Officer, took centre stage at the Nigerian Information Technology Reporters’ Association (NITRA) annual end-of-year meeting on Thursday, December 18, 2025, recounting the company’s remarkable growth and reaffirming free IT training for journalists.

Tim Akano, New Horizons Chief Executive Officer, in a group photograph with NITRA Members
Speaking directly to IT media members at the company’s training facility in Lagos, Akano acknowledged the critical role journalists played in supporting New Horizons during its formative years two decades ago.
He detailed how the firm evolved from a handful of staff to one of Africa’s leading ICT skills training organisations, now employing about 500 staff across multiple training centres nationwide.
Akano Spotlights Youth Training, University Partnerships
Akano highlighted that New Horizons has trained over 500,000 youths, particularly tertiary institution students, equipping them with practical IT skills essential for Nigeria’s digital economy.
He announced recent partnerships with universities, including a new agreement with Afe Babalola University, to scale hands-on training programmes for students.
“This growth would not have been possible without the media’s support in documenting our journey,” Akano stated, pledging continued free IT skills training for media members to remain competitive in the evolving digital landscape.
Reciprocal Support Defines Long-Standing Partnership
The venue hosting the NITRA meeting underscored Akano’s generosity; NITRA Secretary Chidiebere Nwankwo secured the free facility after contacting him—a gesture consistent with New Horizons hosting multiple association events and training IT journalists since its inception 20 years ago.
Participants shared personal testimonies of Akano’s support, including veteran journalist Aaron Ukodie, whose daughter—an Accounting graduate from the University of Johannesburg—received NYSC placement and IT scholarship at New Horizons.
The Guardian’s Yemi Adeyemi recounted Akano accommodating his editor’s child for mandatory IT training after other firms declined.
Members praised Akano’s commitment to human capital development as evidence of deep appreciation for the media community that chronicled New Horizons’ success over two decades.
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NIMC rolls out Pre-Enrolment Portal for seamless NIN registration

National Identity Management Commission (NIMC) has launched the NIMC Pre-Enrolment Portal to revolutionise the National Identification Number (NIN) enrolment process, enabling applicants within Nigeria and in the Diaspora to capture biodata online prior to biometric verification at enrolment centres.

NIMC
Accessible via penrol.nimc.gov.ng, the platform allows users to fill enrolment forms, schedule appointments, upload supporting documents securely, and manage personal details directly, thereby slashing congestion, minimising wait times, boosting data accuracy and enhancing overall service efficiency at centres nationwide.
NIMC Director-General and CEO, Engr. (Dr) Abisoye Coker-Odusote, spearheaded the initiative as part of the Commission’s technology-driven strategy to fortify institutional performance, aligning with President Bola Ahmed Tinubu’s Renewed Hope Agenda that emphasises digital transformation, efficient public service delivery and inclusive national development.
Dr Kayode Adegoke, Head of Corporate Communications, highlighted key benefits including simplified biodata handling, confidential data protection through robust security measures, reduced physical centre visits and heightened operational effectiveness, urging all prospective enrollees to adopt the portal for a faster, citizen-friendly experience.[conversation_history]
The move underscores NIMC’s mandate under the NIMC Act No. 23 of 2007 to manage the National Identity Database, issue NINs and foster a reliable digital identity ecosystem vital for national planning, with users advised to complete pre-enrolment online before heading to selected centres for biometrics.
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