General News
Philips Backs Action to Save 98% Energy From Wastages

The ‘2015 Energy Productivity and Economic Prosperity Index’ launched on Tuesday revealed the huge potential for societies to raise economic performance and extend significant environmental and social benefits through improved energy productivity.
The Index, authored by The Lisbon Council, Ecofys and Quintel Intelligence and commissioned by Royal Philips, is the first global report to rank countries by their energy productivity, based on their economic output per unit of energy consumed.
The report warns that the current rate of energy productivity improvement, around 1.3% worldwide each year, is too slow to keep pace with the rising energy demand.
The report finds that most energy productivity gains will need to come from improvements to residential and non-residential buildings.
A simple illustration of energy productivity is boiling an egg, where only 2% of the energy consumed goes into producing the boiled egg.
Similarly, nearly 98% of all energy we use in the process of production is being wasted.
Just by increasing the use of technology today, such as energy-efficient appliances, LED lighting and insulation, European households could reduce their energy bills by a third.
Furthermore, overall energy consumption in the EU could be cut by 35% by more than doubling the rate of the region’s energy productivity improvement from close to 1.5% to 3% per year by 2030.
“Within the range of energy efficiency opportunities, LED lighting is a key contributor in addressing the soaring energy demand of the future as it already can deliver a 500% energy productivity improvement in average households. And by connecting LED lighting to sensors, apps and controls, even greater efficiencies may be realized. It is dramatically changing the way people experience and interact with light at home, at work and in their cities”, said Harry Verhaar, head, Global Public and Government Affairs at Philips Lighting.
According to the High-Energy Productivity Growth Scenario presented in the report, nearly 12 European households could be lit with a 1000 KWh of electricity, which is roughly what it takes to light two households today.
Miguel Arias Cañete, European Commissioner for Climate Action and Energy, added: “Energy efficiency is a powerful instrument for job creation with great potential for stimulating economic growth and EU competitiveness. Energy productivity provides us with an excellent framework to harness underutilized resources. I welcome the publication of this report. It will help us in coming years in using innovation to drive efficiency and improving Europe’s performance in this key area.”
The report urges policymakers to set more ambitious targets to improve energy productivity.
It demonstrates that high levels of energy efficiency will contribute to global economic growth: doubling energy productivity could create more than 6 million jobs globally by 2020 and reduce the global fossil fuel bill by more than EUR 2 trillion by 2030.
To achieve this, further progress in the world’s six largest economies – the US, Russia, China, Japan, India and the EU – is most important as they account for 60% of global GDP and 65% of global energy demand.
“World leaders are convinced that energy is the golden thread connecting economic growth, increased social equity and a healthy environment, but we still need to enforce more ambitious goals to improve energy productivity”, said Kandeh Yumkella, UN Under-Secretary-General and CEO of Sustainable Energy for All. “This report helps to focus minds on these goals and their benefits. Doubling of the global rate of improvement in energy efficiency by 2030 is our shared objective, underpinned by the Global Energy Efficiency Accelerator Platform launched by the UN last year.”
Global Energy Productivity Highlights:
• The Index ranks countries by the amount of GDP they produce for every unit of energy they consume. This differs from energy efficiency which means using less energy to deliver the same service.
• Hong Kong topped the list with an energy productivity of EUR 456 billion of GDP per exajoule (one quintillion – 1018 – joules) consumed. Cuba came second, boasting EUR 365 billion GDP per exajoule. Columbia, Singapore and Switzerland made up the top five.
• The United Kingdom is ranked 26th, behind countries such as Sri Lanka, Dominican Republic, Gabon, Philippines, and Albania. Other leading nations trailed further behind with Germany placed 35th, the Netherlands 40th, Japan 51st, France 56th and India 72nd.
• The United States, which has pledged to double its energy productivity by 2030, comes 87th. China placed 111th and Russia 114th– both countries with energy productivity well below the world average of EUR 143 billion.
The 2015 Energy Productivity and Economic Prosperity Index was published at The 2015 Energy Union Summit convened by the Lisbon Council on 17 February in Brussels, a week before the launch of the EU’s Energy Union.
The project, highlighted as a priority by European Commission President Jean-Claude Juncker – aims to ensure security of supply for Europe, create deeper integration of EU national energy markets, reduce energy demand, and cut carbon emissions.
The 2015 Energy Productivity and Economic Prosperity Index is an effort to gauge the efficiency and effectiveness with which energy resources are being used worldwide.
Energy productivity is defined as the volume of services or products that can be generated per unit of energy and different from energy efficiency, which measures the inverse – i.e. how much energy is needed to produce a given level of output
Royal Philips is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting.
Also Ecofys, established in 1984 with the mission of achieving “sustainable energy for everyone,” has become the leading expert in renewable energy, energy and carbon efficiency, energy systems and markets as well as energy and climate policies.
And Lisbon Council for Economic Competitiveness and Social Renewal is a Brussels-based think tank and policy network. Established in Belgium in 2003 as a non-profit, non-partisan association, the group is dedicated to making a positive contribution through cutting-edge research and by engaging politicians and the public at large in a constructive exchange about Europe’s economic and social future.
Quintel Intelligence is an Amsterdam-based energy modelling and research firm that assists governments, companies and institutions around the world in determining and quantifying their long-term energy strategies.
Quintel believes that a better understanding of energy systems and connected food and water systems will help society deal with current and future challenges.
General News
Moniepoint Commences DreamDevs Bootcamp to Transform 20 Top Engineering Talents into Industry-Ready Professionals

Following a call for applications in January 2026 and a rigorous selection process that drew over 9,000 applications from across the country, Moniepoint Inc., Africa’s leading digital financial services provider, has officially commenced the bootcamp for the second cohort of its flagship DreamDevs initiative aimed at bridging the tech talent gap in Africa by equipping recent graduates with industry-ready skills and real-world experience.

The initiative brings together 20 high-potential engineering graduates for an intensive nine-week programme designed to accelerate their development into industry-ready engineers. It will be recalled that candidates, who are recent university graduates from technology, computer science, and engineering fields were invited to showcase their foundational knowledge in HTML, CSS, and JavaScript.
The journey to the final 20 was marked by a multi-stage screening process designed to identify technical aptitude and learning potential. After the initial application review, candidates underwent an online HackerRank technical assessment. From this pool, 50 shortlisted applicants were invited to a physical code challenge, which determined the final participants selected to join the bootcamp.
“At Moniepoint, we believe that Africa’s tech talent can compete on any global stage if given the right environment. DreamDevs is our way of providing that bridge. We’ve seen the success of our first cohort, and this year we’re doubling down to not just to train, but to create a definitive pathway into full-time roles for those ready to engineer financial happiness across the continent.
DreamDevs is about building engineers who can think, solve problems, and contribute meaningfully to systems at scale. This bootcamp is where that journey begins,” said Felix Ike, Co-founder and CTO of Moniepoint Inc.
Delivered in partnership with Semicolon Africa, the bootcamp focuses on strengthening core engineering competencies through structured learning and real-world problem-solving. The curriculum is designed to move participants from foundational principles to production-grade software development, covering Java OOP foundations, data structures and algorithms, Spring Boot API development, and cloud infrastructure.
Participants will gain direct exposure to Moniepoint’s engineering environment, engaging with internal teams to understand how large-scale financial systems are built and maintained. Standout performers at the end of the nine weeks will secure six-month internship placements, with the strongest candidates eligible for full-time employment.
Wisdom Iyamu, one of the selected participants for the DreamDevs bootcamp expressed shock and appreciation.
“I was honestly shocked when I received the acceptance for the first stage. I have many friends who are equally talented and didn’t make it in, so I feel incredibly grateful and excited to be here. I actually applied because a close friend of mine, who is a huge fan of Moniepoint, convinced me to go for it. My expectation for this bootcamp is to learn exactly how to build products that scale. Whether it’s working at Moniepoint or being part of a team building the next billion-dollar idea, I want to be where high-impact engineering happens”, Iyamu noted.
DreamDevs aligns with Moniepoint’s broader vision of using technology to power the dreams of millions and engineer financial happiness across Africa. It complements the company’s existing talent development programs, including HatchDev – a collaboration with NITHub Unilag and the popular Moniepoint Women-in-Tech initiative, now in its sixth year.
The programme also sits in tandem with the federal government’s 3 Million Technical Talent (3MTT) initiative, for which Moniepoint serves as a key sponsor. By providing a specialised pathway from foundational training to employment, Moniepoint continues to invest in the people who will drive Africa’s digital economy forward while serving as the backbone of Nigeria’s small businesses and enterprises to catalyze economic prosperity.
General News
FG Asks MDAs to Halt New Policies Until Full Compliance with RIA

Federal government has directed all Ministries, Departments and Agencies (MDAs) to suspend the introduction and rollout of new policies, regulations, or major regulatory changes until full compliance with the Regulatory Impact Analysis (RIA) Framework is achieved.

The directive, issued by Princess Zahrah Mustapha Audu, director general of the Presidential Enabling Business Environment Council (PEBEC), is part of efforts to strengthen regulatory quality, ensure policy coherence, and improve the ease of doing business in Nigeria
According to the statement, the RIA Framework, which was formally implemented in January 2025, requires that all new policies or amendments introduced after the date must undergo review and approval in line with its provisions.
She noted the framework has already been circulated to MDAs by the Office of the Secretary to the Government of the Federation and is also accessible on the PEBEC website.
MDAs are therefore expected to familiarise themselves with the framework and align their policy development processes accordingly.
Audu emphasised that while the government remains committed to working collaboratively with regulatory institutions, no new reform or policy would be allowed to proceed without being backed by clear and verifiable evidence.
She explained the directive aims to prevent policy shocks that could negatively affect businesses, investors and citizens, eliminate inconsistencies and frequent policy reversals, and institutionalise evidence-based policymaking across government.
The directive also seeks to enhance transparency, improve predictability, and boost stakeholder confidence in public policies, while ensuring adequate engagement to minimise resistance prior to implementation.
Consequently, all MDAs have been instructed to suspend any planned policy rollouts that have not yet been implemented, ensure that new policy proposals are supported by comprehensive RIA and necessary approvals, and integrate the RIA process into their internal policy formulation procedures.
They are also required to undertake structured and inclusive stakeholder engagement as part of policy development to improve acceptance and implementation outcomes.
The PEBEC boss added that MDAs can access the RIA Framework through its website or seek technical support from the council’s secretariat.
She, however, noted that exceptions would only be granted in cases of urgent national interest, subject to appropriate approval.
Audu stressed that cooperation from all MDAs is crucial to building a stable, consistent and business-friendly regulatory environment capable of driving sustainable economic growth and boosting investor confidence.
General News
FG Unveils Digital Platform to Showcase Nigeria’s Culture, Tourism Destinations

The Federal Government has unveiled a new digital platform, NITOUREY, aimed at showcasing Nigeria’s rich cultural heritage and tourism destinations to global audiences.

The initiative, introduced at a press conference organised by the Nigerian Tourism Development Authority, was described as a public-private partnership designed to project Nigeria’s diverse cultural assets.
Speaking at the event on Tuesday, the Minister of Arts, Culture, Tourism and the Creative Economy, Hannatu Musawa, said the platform marked another step in repositioning Nigeria as a leading global destination for tourism, culture and creative excellence.
She explained that the digital project would harness the power of the creative economy and technology to amplify Nigeria’s cultural narratives while creating opportunities for young Nigerians, filmmakers, content creators and tourism operators.
Musawa said, “Today marks yet another significant step in our collective journey to reposition Nigeria as a leading global destination for tourism, culture and creative excellence.
“The initiative aligned with the administration’s economic diversification drive, noting that tourism had the potential to contribute significantly to national growth.
“President Bola Tinubu has a vision to use tourism as part of economic diversification and expansion, and NTDA can play a vital role in achieving that goal”.
She emphasised that NITOUREY would not only showcase destinations across the country but also create economic opportunities within the creative industry.
“Through this initiative, we are not only showcasing destinations across Nigeria but also creating opportunities for the creative industries, including filmmakers, content creators, tourism operators and young Nigerians within the creative economy,” she added.
The minister also stressed the importance of collaboration between government agencies, state governments and the private sector, noting that the platform was a PPP initiative designed to unlock the full potential of Nigeria’s tourism and creative sectors.
“This is a commendable PPP initiative that demonstrates the collaboration required to unlock the full potential of Nigeria’s tourism and creative industry,” she said.
She further assured stakeholders that the Ministry of Art, Culture, Tourism and the Creative Economy would continue to support initiatives that enhance Nigeria’s visibility, attract investment and create jobs.
In his remarks, the Director General of NTDA, Ola Awakan, described NITOUREY as a transformative platform that will redefine how Nigeria is presented to the world.
He emphasised that tourism thrives on perception, visibility, and storytelling, noting that the platform will collaborate with key institutions, including the Nigerian Film Corporation, National Film and Video Censors Board, and the National Information Technology Development Agency, to deliver high-quality content.
Awakan added that the initiative is powered by a strong public-private partnership involving TOURCLIQ Creatives Limited and JM MiSA International Limited, underscoring the importance of collaboration in unlocking the full potential of Nigeria’s tourism and creative industries.
He further revealed that NITOUREY will spotlight iconic destinations across Nigeria’s six geopolitical zones, including Zuma Rock, Yankari Resort and Safari, the Argungu Fishing Festival, Ngwo Pine Forest and Cave, Obudu Mountain Resort, and Olumo Rock, projecting them to a global audience.
The platform is expected to serve as Nigeria’s premier tourism streaming platform, projecting the country’s culture, creativity and destinations to both domestic and international audiences.
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