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Unlocking Potential of Africa’s Socio-Economic Prosperity

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Mr. Strive Masiyiwa, Africa against Ebola Solidarity Trust Board member and chairman of Econet,
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Mr. Strive Masiyiwa, Africa against Ebola Solidarity Trust Board member and chairman of Econet, has said that for Africa to achieve its vision of social and economic prosperity, African governments and business must join forces and commit human and financial resources for the potential eradication of developmental threats such as the prevailing Ebola pandemic in West Africa.

“The development of Africa’s solid socio-economic stature undoubtedly depends on a properly articulated vision as well as a strategic practical plan. However, vision and planning alone are not sufficient. As a result, it is imperative that policy makers in Africa begin to assess and select the correct delivery models, founded on innovative economic support that is complimented by the private sector. We need to think carefully about how we restore the dignity of the people of Liberia, Guinea and Sierra Leone and how we stabilise their economies. The public-private partnerships approach is necessary if Africa is to improve its deeply rooted socio-economic and societal problems as well as eradicate the obstructions preventing the continent from attaining its developmental projects goals,” explained Mr. Masiyiwa.

 He added that an effective response must focus on unique alliances and public-private partnerships structured to mitigate the multi-faceted impact of societal challenges. Failure to cooperatively pursue these goals using new and innovative approaches can only contribute to new and re-emerging development obstructions for the Africa continent.

 “In West Africa, specifically in the regions that have been severely hit by Ebola, there has been a delay in relation to Africa-led innovative efforts aimed at mobilising resources that could potentially strengthen the socio economic status of the continent. Because of this, preparedness and response planning, with respect to emerging health threats, aimed at improving the health security and safety of the African community, is an important aspect of the continental development strategy,” Mr. Masiyiwa concluded.


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FG Okays Biometric Upgrades @ Airports, Others

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Federal government has a contactless biometric passenger verification system linked to the National Identification Number (NIN) across all airports in the country to tackle identity fraud and enhance security.

FG Okays Biometric Upgrades @ Airports, Others

Festus Keyamo, minister of Aviation and Aerospace Development,

Festus Keyamo, minister of Aviation and Aerospace Development, announced this on Thursday, while briefing State House correspondents after the Federal Executive Council (FEC) meeting in Abuja.

“Too many people board aircraft using fake identities. This system will confirm passengers are who they claim to be,” Keyamo said.

The minister also said that the Council also ratified contracts under the 2024 budget to install airfield lighting at select airports so they can operate into late evening hours, helping airlines improve revenue.

“Some airports shut by 6 p.m. because they lack lighting. This upgrade will allow operations till 10–11 p.m.,” he noted.

Keyamo appealed to aviation unions to support ongoing reforms, stressing that while he remains pro-labour, “unions will not dictate government policy.”

Keyamo said the directive overrides interpretations linked to previous administrations’ asset disposal programmes, stressing that FAAN properties are strategic national assets that must remain under government control.

He explained that essential personnel, including firefighters and navigational officers, are required to reside within airport precincts to ensure rapid emergency response, making the retention of these facilities critical.

“We will not concede any of these properties to private individuals. Anyone who believes they have purchased such assets should take note,” he said.

The minister added that FEC granted eight approvals for the aviation ministry, covering airport safety, technology upgrades, concessions and security enhancements.

These include contracts for maintenance and support services for Aeronautical Information Management (AIM) solutions across five international airports — Abuja, Lagos, Kano, Port Harcourt and Enugu.

Council also approved the deployment of advanced Terrestrial Trunked Radio (TETRA) power systems nationwide, along with 14 VHF remote communication systems for the Nigerian Airspace Management Agency (NAMA) to boost navigational safety.

To meet International Civil Aviation Organisation (ICAO) standards, FEC endorsed the purchase of 15 airport rescue and firefighting vehicles for the five major international airports.

Keyamo further announced that NAMA, currently operating from rented offices in Abuja, will now have a purpose-built headquarters in the capital.


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Lassa Fever’s Death Toll in Nigeria Hits 176-  NCDC

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Nigeria Centre for Disease Control and Prevention (NCDC) has reported that at least 176 people have died from Lassa fever across 21 states in 2025.

Lassa Fever’s Death Toll in Nigeria Hits 176-  NCDC

According to the NCDC; Ondo, Bauchi, Edo and Taraba remain the epicentres of the outbreak, accounting for 88 per cent of all confirmed cases recorded so far this year.

In total, Nigeria has recorded 955 confirmed cases from 8,367 suspected infections.

While confirmed cases are fewer than those seen in 2024, fatalities have increased.

This year’s case-fatality rate (CFR) is 18.4%, compared to 16.6% during the same period in 2024.

NCDC said the deaths are likely due to poor health-seeking behavior among patients who seek medical intervention too late, as well as poor environmental sanitation in affected communities.

Eighty-eight percent of all confirmed Lassa fever cases were reported from four states (Ondo, Bauchi, Edo, and Taraba), while 12% were reported from 17 states. Adults ages 21 to 30 years report the most infections.

Lassa virus is endemic in West Africa and spreads via contact with the urine or droppings of infected rodents.

Though not common, the virus can be transmitted person-to-person through direct contact with a sick person’s blood or other body fluids, mucous membranes, or sexual contact.


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Tax Ombudsman is to Protect Businesses from Harassment—Oyedele

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Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has said that the creation of a new office of the Tax Ombudsman (OTO) is to protect businesses from harassment.

Tax Ombudsman is to Protect Businesses from Harassment—Oyedele

Dr. John Nwabueze, Nigeria’s tax ombudsman

Oyedele, who spoke Sat the 24th Annual Conference of the Women in Management, Business and Public Service (WIMBIZ) held in Lagos, said that the Tax Ombudsman, will serve as an independent body to mediate disputes and safeguard the rights of taxpayers.

“If anybody shows up to harass you, to collect tax, or to seal up your premises, you can call the Tax Ombudsman. They have the legal authority and obligation to protect your rights,” he stated.

Oyedele  said that the new tax regime will favour compliant and formalised enterprises while protecting small and informal businesses from undue pressure and harassment by tax officials.

He said that the ongoing reforms are people-centred and designed to reward compliance, promote fairness, and support economic growth rather than overburden citizens or businesses.

During a panel session themed “The New Tax Law and You,” Oyedele urged entrepreneurs, especially small business owners, to formalise their operations to benefit from a range of incentives embedded in the new tax framework taking effect from January 2026.

“We started the tax and fiscal reform by looking at how people do business, how those businesses grow, and how finance is placed,” he explained. “You can’t knock on the door and say, ‘Tax me.’ Let’s have a conversation on how to create a business that can pay corporate tax. So, the reforms are people-centric.”

According to Oyedele, small companies with an annual turnover of ₦100m or less will enjoy a zero per cent corporate tax rate, in line with the government’s goal of allowing small businesses to expand before being taxed.

“If you run a small company where your annual turnover is ₦100m or less, your corporate tax rate will be zero per cent. What is even more interesting is that the Corporate Affairs Commission (CAC) will register 250,000 small companies free of charge,” he disclosed.

He also revealed that the reforms would ensure fairness in value-added tax (VAT) administration, adding that critical sectors such as food, water, education, pharmaceuticals, and medical services will be fully exempted from VAT from next year.

“From next year, January 1, this bottle of water will be zero-rated for VAT. The same explanation applies to food, education, pharmaceutical, and medical services,” he said.

Oyedele explained that the government’s decision to exempt essential goods and services from VAT was informed by data showing that low-income Nigerian households spend nearly 80 per cent of their income on food, health, rent, education, and transportation.

“If people spend their entire income on five basic items, food, education, health, rent, and transport, then we must remove the taxes on those,” he noted.

 

 

 

 

 

 


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