Connect with us

News

Vice President Osinbajo Welcomes PPP Summit on Critical Infrastructure

Published

on

Prof. Yemi Osinbajo (SAN), Vice President of Nigeria,
Kindly share this post

 

Prof. Yemi Osinbajo (SAN), Vice President of Nigeria, has given his support to the forthcoming 2015 Nigeria Infrastructure Public Private Partnership Summit  billed for the Federal Capital Territory, Abuja in the last quarter of this year.

 

The Vice President made this known recently when the Summit Planning Team paid him a courtesy visit at the Presidential Villa.

 

The team was led byA.B Mahmoud (SAN), Managing Partner Dikko & Mahmoud, a full service law firm. Also in attendance was Gori Olusina Daniel from Adams & Moore, a U.K-based global professional advisory firm and Ibrahim Adamu Abdullahi from Dikko & Mahmoud.

 

The Vice President, while acknowledging the key role the organised private sector must play in addressing Nigeria’s infrastructure deficit, welcomed the initiative and pledged his support and participation. The Summit Planning Team was subsequently tasked with creating sector-specific reviews and roadmaps in the four key areas of focus – Power, Transport, Health and Education in collaboration with key eco-system players leading up to the summit

 

It would be recalled that in his opening address at the just concluded Nigerian Bar Association 55th Annual General Conference in Abuja, President Muhammadu Buhari decried the huge infrastructural deficit the country is grappling with and highlighted the need for strategic “public private partnerships” in the “quest for enhanced capital and expertise”.

 

His words, “We also have a huge infrastructure deficit for which we require foreign capital and expertise to supplement whatever resources we can marshal at home. In essence, increased engagement with the outside world is called for as we seek public private partnerships in our quest for enhanced capital and expertise. This is the way of the new world for all countries in the 21st Century.”

 

In a recent report, the Institute of Appraisers and Cost Engineers, (IA&CE) disclosed that the draft National Integrated Infrastructure Master Plan would require an estimated amount of over US$2.9 trillion in investments over the next 30 years to address Nigeria’s infrastructure deficit. This corresponds to an annual average of US $25bn over the next four years – about four times the federal government’s total allocation to capital projects in the 2014 budget.

 

Speaking on the objectives of the Summit, Gori Olusina Daniel, partner and Africa Regional Director at Adams & Moore, said that following participation by key members of the Summit Planning team at the APC Policy Forum held in July 2015 that the Summit closely aligns with the Federal Government’s stated priority areas of Power, Health, Transport and Education, and is timed to leverage significant interest from the organised private sector in driving forward progress in each of these critical areas.

 

“This summit is about charting the way forward in four critical sectors and establishing a private sector led community of practice, working in collaboration with government across all levels that will ensure the successful implementation of these roadmaps,” he said.

 

In addition, in collaboration with relevant MDA’s, the Summit aims to chart and publish implementation roadmaps for the successful development and delivery of PPP projects in Nigeria over the next five to ten years. It will create an opportunity for senior policy makers to interact with potential investors, fund managers, international development partners and delivery partners in a number of critical infrastructure sectors, with a view to initiating the process of establishing the mutual understanding and trust, required for creating the environment for the delivery of successful PPP projects.

 

The summit will educate prospective investors and financiers about the prospects and the pipeline opportunities open to private sector players in the provision and financing of infrastructure projects and also establish a credible platform for launching and periodically reviewing the progress of PPP projects in Nigeria.

 

The 2015 Nigeria Infrastructure PPP Summit is an invitation only event for key ecosystem players, and will bring together senior policy makers and analysts with the investment community – comprising senior industry leaders, fund managers, international development partners and experts with a keen interest in building on lessons learnt from across the continent and beyond, with the objective of charting roadmaps for the successful development and delivery of PPP projects in Nigeria over the next five to ten years.

 

The Summit with the theme “Nigeria 2025: Tackling Nigeria’s Infrastructure Deficit Through Public Private Partnerships” is organised in partnership by Adams & Moore, a U.K-based global professional advisory firm, The Infrastructure and Human Development Commission of the Nigerian Economic Summit Group, Bola Ajibola & Co and Dikko & Mahmoud, both full service law firms.

 


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

News

FG Unveils AI Public Services Platform

Published

on

Kindly share this post

Federal government has launched GovGuideNigeria, an artificial intelligence (AI)-powered digital platform designed to streamline access to public service information through WhatsApp and the web.

The platform consolidates information from more than 35 federal ministries and over 60 government agencies, marking a significant step in Nigeria’s drive to expand AI-enabled public infrastructure and digital government services.

According to Bosun Tijani, Nigeria’s minister of communications, innovation and digital economy, the initiative aims to simplify interactions with government services, particularly for underserved communities that often face challenges navigating complex public-sector systems.

Developed in collaboration with the National Centre for Artificial Intelligence and Robotics, Meta, and Publica AI, GovGuideNigeria uses conversational AI to provide real-time responses via WhatsApp and a web interface in English, Hausa, Igbo and Yoruba.

Sade Dada, head of public policy at Meta, said the multilingual rollout highlights the growing use of natural language processing within African public institutions to improve digital inclusion and broaden access to services.

Ignatius Willie, chief executive of Publica AI, said the platform demonstrates how Africa’s next generation of digital public infrastructure can be developed locally using African languages.

GovGuideNigeria is intended to address longstanding challenges in Nigeria’s public information system, where citizens often struggle to access reliable guidance because of fragmented government websites, poor communication channels and the expense of travelling to physical offices.

Through AI-driven automation, users can obtain information on immigration procedures, documentation requirements, public programmes and agency-specific services through chat-based interactions.

The launch also reflects Nigeria’s broader ambition to integrate AI into digital governance, while strengthening partnerships between government agencies, global technology companies and local AI startups to modernise public service delivery.


Kindly share this post
Continue Reading

News

Elon Musk to Become First World’s Trillionaire with SpaceX Historic IPO

Published

on

Kindly share this post

Elon Musk is poised to become the world’s first trillionaire after  SpaceX, his company, confirmed plans to go public.

Elon Musk to Become First World’s Trillionaire with SpaceX Historic IPO

Elon Musk

Because Musk owns the majority of the shares, it could push his net worth over the trillion dollar mark.

The entrepreneur is known for his leadership of Tesla, SpaceX, X, and xAI.

Musk has been the wealthiest person in the world since 2025; as of May 2026, Forbes estimates his net worth to be $788 billion.

SpaceX has filed for a blockbuster public listing in the United States, paving the way for what could become the largest stock market debut in Wall Street history.

The company, formally known as Space Exploration Technologies, announced plans to begin trading under the ticker symbol “SPCX” as early as next month.

The listing values SpaceX at about $1.25 trillion, with Musk’s majority ownership potentially worth more than $600 billion alone.

Combined with his existing holdings in companies including Tesla, the IPO could push Musk’s personal wealth above the $1 trillion mark.

The long-awaited filing also offered investors a rare look into SpaceX’s finances.

The company reported $18.6 billion in revenue last year but recorded a net loss of $4.9 billion. In the first quarter of this year, SpaceX generated $4.7 billion in sales while posting a $4.3 billion net loss.

Financial disclosures showed the company holds $102 billion in assets, including rockets, launch infrastructure and satellite systems, while carrying debts totalling $60.5 billion.

Despite the losses, analysts suggested investors were unlikely to be deterred given SpaceX’s dominance in commercial space launches and satellite internet services.

Ruth Foxe-Blader, managing partner at Citrine Venture Partners, described the planned flotation as “extremely exciting.”

“SpaceX is just an absolutely sprawling, enormous project with so many different selling points, and so many points that really point to the future,” she said.

SpaceX operates the Starlink satellite internet network and also owns Musk’s artificial intelligence company, xAI.

The IPO filing revealed that xAI recently reached a major commercial agreement with rival AI company Anthropic, maker of the Claude chatbot.

Under the arrangement, Anthropic will reportedly pay $15 billion annually to access data centre infrastructure linked to xAI operations in the American South.

The filing also disclosed that SpaceX expects to incur more than half a billion dollars in legal costs from multiple ongoing lawsuits and regulatory disputes.

Among the cases listed were claims alleging that xAI’s chatbot Grok had been used to create sexualised deepfakes of women and girls, alongside patent infringement disputes, music copyright claims, data breach allegations and investigations into compliance with European Union content moderation rules.

Musk has previously said he plans to dissolve xAI as a standalone company and pursue his AI ambitions directly under SpaceX.

The filing came shortly after Musk lost a high-profile legal battle against OpenAI and its chief executive Sam Altman.

Musk had accused OpenAI of abandoning its non-profit mission after shifting towards a commercial model, but a jury dismissed the lawsuit, ruling that he had waited too long to bring the claims.


Kindly share this post
Continue Reading

News

Moniepoint Boosts UK Payments Security

Published

on

Kindly share this post

African financial services platform Moniepoint has partnered with open banking software-as-a-service provider tell.money to deploy a transaction security system in the UK market.

The companies said the partnership will allow Moniepoint to implement Confirmation of Payee, an account name-checking service designed to verify recipient details before payments are processed.

The integration will be rolled out through Monieworld, Moniepoint’s UK remittance subsidiary, as part of the company’s broader European expansion strategy.

Tell.money will provide the underlying verification technology, which the companies said is intended to reduce misdirected payments and help protect users against cross-border fraud.

Ravi Jakhodia, CEO of Monieworld, said: “Our goal with Monieworld is to build financial services for Africans in the diaspora.”

He added that tell.money was selected because it manages compliance and accreditation requirements, allowing the fintech company to focus on customer service.

Moniepoint is entering a competitive UK-to-Africa remittance market that includes established providers such as Wise, WorldRemit and Remitly, as well as African fintech firms including Flutterwave’s Send App.

According to data from the World Bank’s KNOMAD programme, remittance flows to low- and middle-income countries are estimated at about $620 billion annually, with digital -first platforms capturing increasing market share through open banking integrations and automated compliance systems.

The rollout reflects a broader trend of African fintech firms expanding into developed markets by adopting local regulatory and open banking standards.

Industry analysts expect diaspora-focused platforms to evolve beyond money transfers into services such as multi-currency banking, credit and investment products.


Kindly share this post
Continue Reading

Trending