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Uduikhue, Data-Point MD Bags Rotary Award

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(L-r): Rotarian Dupe Ogunsanya, newly installed 2nd president, Rotary Club of FESTAC Central presenting an award to Lucky Uduikhue, managing director and chief executive officer, Data-Point Microsystems Limited, during the Club’s ceremony at the weekend.
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Mr. Lucky Uduikhue, managing director and chief executive officer, Data-Point Microsystems Limited, was at the weekend honoured by Rotary Club of FESTAC Central, District 9110, Lagos, in appreciation of his honest dedication for outstanding, professionalism in the field of information technology (IT), excellence love for charity and the courtesies extended to the Rotary Club.

Similarly, Uduikhue garnered the Nigerian Entrepreneurship of the year 2013 award, alongside Alhaji Aliko Dangote, Goodie Ibru, Arik air, UBA, Globacom and other reputable Nigerians during Nigerian Business Awards held also In Lagos at the weekend.

At the Rotary Club of FESTAC Central, Rotarian Modupe Ogunsanya, who was installed the 2nd president of the Club, presented the award to Uduikhue.

To Magistrate Wilberforce Meigbope, a Legal and Educational Consultant, Uduikhue has distinguished himself, working hard to better the worth of young people in the society.

“I thank God he got this award. We have known each other since 1992. His character is unassuming. He listens to advice, humble; and being the chairman, Board of Trustee of his companies, I would regard him as my first child. He has worked very hard these years to improve on the lives of young people around him. I am happy that Rotary Club of FESTAC Central recognized this virtue in him,” he said.

Speaking on the awardee, Rotarian Ogunsanya, said that as a successful entrepreneur, Lucky is well known as visionary, a technocrat, an innovative entrepreneur, a seasoned systems engineer, a professionally qualified ICT security consultant, and a distinguished industrialist.

“He is a successful business man; which he started at the age of 24 while studying at the University of Lagos, and has been running it for over thirteen years now.  Lucky is an accomplished Philanthropist, and a successful Corporate Management Executive with more than Thirteen (13) years of experience in the ICT industry. He is a devoted Christian, God fearing, hardworking and honest. The award is in recognition of his selfless service to humanity which Rotary stands for,” The Club President said.

Lucky, is also the director of Studies, Data point ICT Institute; Founder and president of Nigerian Youth Initiative for Better World International; Executive Director Expert Edge Academy Ltd; Executive Director, First Sports Entertainment Ltd and the Publisher Contact Business Magazine.

In addition to his corporate social responsibilities (CSR), Lucky is the CEO of Global Network Africa (Gnet) in partnership with the Nigeria Youth for a Better World International (NIYOW International) based in Lagos, to provide professional supports to Nigerian Youths in area of ICT Entrepreneurship development.

Lucky Education qualifications are: Bachelors of Science degree in Computer Science from University of Lagos, Master of Science in Information Security.

Professionally, he is a Certified Ethical Hacking (CEH), Certified Information Security Analyst (ECSA), Certified Cyber Hacking/Forensic Investigator (CHFI), License Penetration Tester (LPT) from EC Council University India and Certificate in Enterprise Development from Lagos Business School (Pan African University) and Certificate in Entrepreneurship from Fate Foundation.

Active Professional Membership of the Computer Society of Nigeria (MCSN); Member Chartered Nigeria Institute of Management (CNIM); Member, Nigeria Association of Small and Medium Enterprises (NASME); Member, Fate Foundation; Full Gospel Businessmen Fellowship (FGME); African CEO Council (ACC) and Member, Police Community Relations Committee (PCRC).

He is the President and Founder, Nigeria Youth Initiative for Better World International; Information Security Experts; Member, Nigeria Computer Professional Registration Council of Nigeria (CPN); member of the Association of Esan Professionals of Nigeria and Member, Lagos Chamber of Commerce and Industry (LCCI).

In his acceptance speech, Lucky traced the genesis to the setting up of Data-Point Computer Training Institute in year 2000, while an undergraduate of Computer Science at University of Lagos.

He said: “Having seen what Nigerian graduates suffer to get jobs, I was determined to nurture the business, hoping to earn a living with it, after graduation. The business really assisted me in reaching my educational demands and other needs. Meanwhile, it was the knowledge I had as an undergraduate that I put into practice then, and it helped me to a larger extent.

“After my youth service in 2005, I did not look for any paid job, because I was convinced that with the knowledge I had, I can do it myself. Though, it was not easy, but I persisted, till I got to my present stage.

The journey to my success today started with my admission into the University of Lagos to study Computer Science. My computer training centre is not only born out of my quest for professionalism and stimulation of empirical thought. It is also a product of great effort inspired by the long absence of opportunities for the youths within the environment I found myself, to have knowledge of computer, for a total development in competing with their counterparts in other areas.

So, when I observed that about 65-75 percent of youths in areas like Apapa, Ikeja, Victoria Island and Surulere were acquiring knowledge in one computer centre or the other, as against 5 -10 percent of youths in Ajegunle, OlodiApapa, Kirikiri, Amukoko, Ijora- Badia, Orile and their environs who, were in Computer School, I was challenged to establish Data-Point Computer, in order to correct the imbalance.

Today, the difference is clear, as my five computer training outfits have trained thousands of youths and afforded job opportunities to graduates. More than 40 workers are under my payroll. Not only that, I am grateful to God that he provided means for me to survive, without waiting for a paid job.

“This is one honour that everybody would wish to have, because anything that is humanitarian brings joy. I am happy that I am one of those recognized today. Same time, I regard it as a call for more humanitarian gestures and a challenge that I must not relent in interest to see that people around me get improved life.

“I will also use this opportunity to encourage others such as philanthropists, politicians, academics, economists, in fact, everybody to add value to others’ lives. Of course, if the public can recognize and appreciate your works, how much more God, so we are encouraged to help others around us”.

Aside Uduikhue’s contributions in the computer literacy of the youths, his keen interest in sports made him to invest in the sports newspaper of national standard called Contact Sports. The newspaper is presently making waves in proper dissemination of sports news and information.

 

 


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New Horizons Invests N50m to Empower Almajiris with Skills

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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.


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IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

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

IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

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.


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Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

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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.

Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

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.


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