General News
Tony Elumelu Lists 3 Things Africa must do to Bridge Infrastructure Gap

Tony Elumelu, group chairman of Heirs Holdings and UBA, has listed strengthening fiscal capacity, driving operational efficiency, and unlocking innovative financing as three key things Africa must do to truly rise and bridge its infrastructure gap.

L-r: Faustin-Archange Touadéra, president, Central African Republic; and Mr. Tony Elumelu, group chair, UBA and Heirs Holdings and Founder, Tony Elumelu Foundation.
Elumelu, also founder of The Tony Elumelu Foundation, urged Africa to enable the private sector to co-lead infrastructure development.
He stated all these in his keynote address at the African Caucus meeting held in Bangui, Central African Republic.
The meeting was themed, ‘Resilient Infrastructure, Human Capital, and Green Assets’.
Elumelu highlighted that across Africa, there is a deep and persistent infrastructure divide.
“From roads to ports, power to internet connectivity, we lag behind. We cannot achieve prosperity without the foundations of modern development. Without addressing these gaps, we cannot unlock the growth and prosperity our people deserve,” he said.
He emphasised that energy access is the most critical enabler or barrier to Africa’s progress, pointing out that up to 70% of Africans still lack access to electricity.
“My home country, Nigeria, generates less than 7,000 megawatts for over 200 million people.
“If we are to industrialise, create jobs, and participate meaningfully in the global AI revolution, we must invest aggressively in energy from renewables to cleaner gas-based solutions. Imagine what Nigeria’s economy could become with 100,000 megawatts of reliable, affordable energy. That is the scale of transformation we need”, he said.
Elumelu called for a stronger role for the private sector in infrastructure delivery, citing the work of Transcorp and Heirs Energies as an example of how private capital can address public challenges.
“We are generating power, exporting it through the West African Power Pool, and using gas from our oil operations to power our plants. This is Africapitalism in action,” he said.
Africapitalism, he explained, is the belief that Africa’s private sector must lead in driving economic transformation through long-term investments that generate both economic and social returns.
But for Africapitalism to succeed, he said, strong public-private partnerships are essential.
“Governments must create the right environment. The private sector must bring capital and innovation. And our development partners must support Africa’s realities – including recognising gas as a viable transition fuel on our path to clean energy”, he added.
On Africa’s human capital, Elumelu underscored that no resource is more valuable than the continent’s people especially its youth.
“Africa is the youngest continent on earth, with over 60% of our population under 35. This presents both our greatest asset or our greatest risk,” he said. “If empowered, our youth can transform Africa. If neglected, they can become a source of instability.”
Through the Tony Elumelu Foundation, he said, over 24,000 young entrepreneurs across all 54 African countries have been empowered with non-refundable seed capital of USD5,000 each.
The foundation has also trained 1.5 million youths and catalysed 1.2 million jobs. “These entrepreneurs are creating jobs, building businesses, and changing lives,” he noted.
To conclude his address, Elumelu delivered three powerful messages.
“Africa’s development is our responsibility. No one else will do it for us. Africa’s future is in our hands. No one will build this continent for us. We must lead,” he said. “Power is everything. No industrial revolution can happen without electricity. We must prioritise energy. Without power, there can be no progress.”
And finally, “We must invest in our youth. They are not just our future, they are our present.”
He commended the growing focus of global institutions on Africa, referencing his role on the IMF Advisory Council on Entrepreneurship and Growth and expressing optimism about the renewed emphasis on job creation as a path to sustainable development.
He also praised the World Bank’s ‘Mission 300’ initiative led by President Ajay Banga, which aims to connect 300 million Africans to electricity
“Africa is ready,” Elumelu declared. “Let’s seize this moment and build the prosperous, empowered continent our people deserve”.
General News
NigComSat-1R, Nigeria’s Only Satellite to Expire this Year

NigComSat-1R, a Nigerian geostationary communications satellite will outlive its usefulness this year, meaning that the satellite will expire anytime now.

NigComSat-1R was launched by China Great Wall Industry Corporation (CGWIC) for Nigeria on December 19, 2011, as a replacement for the failed NigComSat-1.
NigComSat-1 which was put in the orbit in May 2007, was de-orbited in November 2008 following the development of power fault.
It was replaced with NigComSat-1R by the same company and has a lifespan of 15 years.
Positioned at 42.5°E, it provides C, Ku, Ka, and L-band services across Africa, Europe, and parts of Asia for broadcasting and internet.
Should the satellite fail, support for television broadcasting, internet connectivity, and secure communications for government and private sectors, may be affected.
The satellite is currently been controlled from China since 2019 following technical issues with the Abuja control station.
NigComSat-1R is currently the only active communications satellite managed by NIGCOMSAT Limited, though it operates alongside other Nigerian observation satellites.
General News
Banks, Offices to Close for Thursday and Friday for Eid-el-Fitr

Federal government has declared Thursday, March 19, and Friday, March 20, as public holidays to mark this year’s Eid-ul-Fitr celebration.

Consequently, banks, schools and offices nationwide will be shut for the two days.
The declaration was made by Olubunmi Tunji-Ojo, minister of Interior, on behalf of the government, according to a statement issued on Tuesday, by Magdalene Ajani, permanent secretary of the ministry.
Eid-el-Fitr, meaning ‘festival of breaking the fast,’ is one of the most important feasts in Islam.
The festival marks the end of Ramadan, a sacred month of fasting, prayer, and spiritual reflection observed by Muslims worldwide.
During Ramadan, Muslims fast from dawn to sunset, abstaining from food, drink, and other physical needs as an act of devotion to Allah.
Eid-el-Fitr is a time of joy and gratitude, beginning with a special congregational prayer at mosques and open prayer grounds.
It is also marked by feasting, gift-giving, and charitable acts, particularly the giving of Zakat al-Fitr, a mandatory charity given to the less privileged before the Eid prayer.
Congratulating Muslim faithful on the successful completion of Ramadan, Tunji-Ojo urged them to sustain the virtues of love, generosity, peace, tolerance, and sacrifice imbibed during the period.
He also called on Nigerians to use the festive season to pray for the peace, unity, and continued development of the country.
The minister further encouraged citizens to celebrate responsibly and extend acts of kindness to the less privileged, in line with the spirit of the season.
He reiterated the Federal Government’s commitment to promoting national unity and peaceful coexistence among all Nigerians.
General News
New Horizons Nigeria Expands Digital Access with New Retail Centre in Akute

Residents of Akute and surrounding communities now have direct access to world-class technology training following the launch of a new retail center by New Horizons Nigeria.

Mr. Tim Akano
The newly commissioned center, strategically located in Akute, is expected to serve learners and professionals across Alagbado, Ajuwon, Matogun, Lambe, Ojodu-Berger, Isheri, Giwa, Iju-Ishaga, Ishasi, and Oke-Aro.
This initiative has brought internationally recognized ICT training closer to thousands of young people and working adults. For years, distance and accessibility have limited many aspiring tech professionals from enrolling in structured, global-standard programs. With this expansion, residents no longer need to travel long distances to acquire in-demand digital skills.
New Horizons Nigeria, widely recognized as Africa’s largest ICT training organization, continues to strengthen its footprint in Nigeria’s digital education sector.
In 2025, the institution received the prestigious Best ICT Training Company award from CompTIA in South Africa. This further reinforce its leadership position within the continent’s technology training ecosystem.
As a franchise of New Horizons International, which operates in over 90 countries across six continents, the organization has consistently aligned with global best practices while addressing local capacity gaps.
The organization currently provides ICT training services to more than 30 universities and nearly 200 high schools nationwide.
The center would be used for the training of high-end technical courses like Cyber Security, Web Development, Artificial intelligence, Full Stack, Graphics and CompTIA courses like Hardware, Network and Security Plus.
New Horizons trains over 100,000 students yearly across 27 universities and 150 secondary schools, as well as corporate organizations, government agencies and retail offices.
Students trained by New Horizons Nigeria are always well-sought after in the labour market after graduation and the certificate they obtain are recognized in all the 90 countries where New Horizons have offices.
Speaking on the broader vision behind the expansion, the Founder and Chief Executive Officer, Mr. Tim Akano, emphasized that the future of the nation’s economy depends largely on accessible and practical tech education.
He noted that in today’s digital economy, virtually 100 percent of jobs require some level of IT skill, regardless of one’s field of study. From finance and healthcare to agriculture, media, engineering and public administration, technology now drives productivity and competitiveness.
He further stated that IT has evolved from being a specialized field to becoming a foundational requirement for career growth and wealth creation. Acquiring digital skills, he stressed, remains one of the most strategic pathways to higher earning potential and long-term financial stability.
Furthermore, he stated that young Nigerians considering relocation abroad need to prioritize acquiring IT skills before traveling.
He asserted that obtaining internationally relevant technology training outside Nigeria is significantly more expensive than enrolling locally.
By gaining these skills locally, individuals position themselves for better opportunities overseas. Rather than struggling to survive in low-paying or unrelated jobs, they can compete as skilled professionals in global labour markets.
Also, holding a globally recognized certifications from New Horizons Nigeria gives candidates a competitive edge, and enhances their credibility and employability abroad.
As of January 2026, New Horizons Nigeria and its CEO have collectively received over 320 national, continental, and international awards, making them one of the most decorated institutions and individuals in Nigeria’s technology, entrepreneurship, and youth empowerment space.
The launch of the Akute retail center signals more than physical expansion; it represents a deliberate effort to democratize access to technology education at the grassroots level. With increasing demand for skills in cybersecurity, cloud computing, artificial intelligence, software development, and digital business solutions, the new center is positioned to become a hub for digital transformation within Ogun State and its border communities.
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