News
#CVExpo15 Focuses on Africa’s Biggest Technology Market

Technology users, mobile consumers, business professionals, the media, entertainment stars and other delegates, on Tuesday, converged on Lagos at the maiden Computer Village exhibition with focus on the Africa’s largest technology market.
Speakers at #CVExpo15 tagged #OtigbaRising and organized by the Technology Times, were unanimous in their views that players in the market must innovate to leverage the online space and remain relevant in the present era.
Mr. Godfrey Nwosu, president of The Phone and Allied Products Dealers Association (PAPDAN), said that statistics show that over 20 million phones are sold in the Computer Village, monthly.
He recalled that the present location of the market was a residential area until late 1999 or early 2000 when Internet technology became a household name in corporate Nigeria. Knowing that a major industry was about to spring forth, savvy businessmen took position in the most vantage location of Ikeja – Otigba Street to commence trading in IT equipments and devices.
By 2003 a year after GSM services were introduced to Nigeria, computer village had become a household name among Telecommunication users, especially small businesses and end users.
Nwosu, said that several business dynamics are currently impacting the market as it is losing grounds to other African markets.
According to him, to retain the relevance of the market which the National Bureau of Statistics said contributes about 2% to the national GDP, government ought to make deliberate policies to protect local investors and OEMs.
The PAPDAN President said the present foreign exchange impasse also has negative impact on the market comprising of mainly startup businesses.
Nodding in agreement, Mrs. Adenike Shittu, managing director and chief executive officer of Mojoy Computers, said that, before now Computer Village was a toast of other West African markets, but the evolution of online retailers has led to decline of patronage on the customers, couple with neglect by local authorities.
She called on e-commerce retailers to perceive Computer Village operators are credible partners in the computer and electronics distribution chain, hence they are ready to rebrand for better business operations.
But, Ojikutu Adeniyi, principal partner, Pacific Network Solutions Limited, said that solutions to Computer Village revolve around operators in the market creating values to lure customers.
Adeniyi argued that instead of seeking help from either the government or other market segments, operators at the market must embrace technology, close ranks among themselves to create tempo for trust and confidence among visitors.
“We need to embrace the internet. Today, Yudala is taking charge because we do not even have anything like Computervillage.com where people can search and obtain first-hand information about the market. How do we measure our successes and failures? The ultimate thing is to close ranks and maintain standards. By the time people visit computer village and are satisfied, they will try to visit again,” Adeniyi who is a CAPDAN presidential contestant said.
Earlier, Mr. Shina Badaru, chief executive officer of Technology Times, said that the exhibition was converged to showcase the Computer village (Lagos) Nigeria as the computers and computer accessories market with incredible potentials.
He said, “This is the biggest technology market in Africa where you can find a wide array of branded computers and cloned PCs here. The market is also host to a multitude of digital cameras and camera accessories, and mobile phones and accessories. This is market awash with computer technical gurus.
“As the largest technology market in Africa it is usually very busy and rowdy. But it differs greatly from other markets in that it is home to the major dealers of Mobile Phones and computers as well as their accessories. The market was never planned to be what it is so finding your way around it might be problematic if you are a first time visitor.
Interestingly, there is never a dull moment here and must remain relevant as a major contributor to employment generation and wealth creation haven. That is why we want to use these few days to showcase the products and abilities of the market people,” he said.
The three-day expo provides platform for thought leadership sessions with Ikeja Computer Village Business Leaders, among other lined up activities.
News
New Horizons Invests N50m to Empower Almajiris with Skills

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.
News
IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

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

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

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.

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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