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NITEC to Drive Need for African TechPreneurs’ Global Exposure- Braimah

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(L-r): Chukwuemeka Fred Agbata jr. (CFA), tech trends presenter at ChannelsTV and Ehi Braimah, managing director and CEO, Neo Media & Marketing and the lead Convener of NITEC 2016, during a chat with the media in Lagos recently.
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The Nigeria International Technology Exhibition & Conference (NITEC 2016) is being perfected as a credible platform to make case for African startups financing.

Mr. Ehi Braimah, managing director and CEO, Neo Media & Marketing and the lead convener of NITEC 2016, told Nigeria CommunicationsWeek that while reiterating the need for venture capitalist, the government and corporate organization to think “TechPrenenurship Development”, part of the activities is to channel attention on disruptive technologies as panaceas to reinventing Africa’s economies.

Braimah, who was speaking on the preparations for the International Technology ConFab, said that business leaders in Africa, especially entrepreneurs, should not be frightened by the prospect of disruptive technology, rather innovate for relevance

First termed “disruptive innovation,” by Clayton Christenson of the Harvard Business School, the concept entails such an evolutionary process whereby new goods and services replace established competitors, and eventually increase accessibility and affordability for a much larger population.

While speaking on the conference slogan, “Trending Technologies”, Braimah said that African startups must be backed by both the private and public sectors for possible developing of social relevant technological disruption in the likes of Facebook, twitter, WhatsApp, (social media), Uber (transport), Google, Yahoo, Bing (search engines), among others.

To this end, he said that NITEC 2016 is positioned to bridge the gap between the private and public sectors and the international technology community in re-engineering the African technological ecosystem for greater impact on every facet of the society.

He reiterated that NITEC believes that successful leaders are very often entrepreneurs in their own way, who also see the benefits of embracing the “disruptive innovation” perspective.

“NITEC is a way of showcasing that disruptive technology is a big plus to your company in the areas of expanding the market potentials through innovation with new and existing products or services. With disruptive technologies opportunities for the future will present themselves as you open the door for the possibility of something new, while creating a platform for growth. This is what NITEC stands for. No sector of the economy will survive without technology. So, technology should be treated as a lifestyle. What is our lifestyle when it comes to technology? Come to NITEC and discover”, he said.

The Neo Media & Marketing Chief disclosed that, “Already, we have spaces for exhibitors. If you have the technological prowess to change things in the society, come and showcase it. We want to partner you.

“You may wish why exhibit. Top reasons to exhibit at NITEC 2016 include exposure of products & services to thousands of attendees; exhibition booth (2 days); placement of brand logo on event brochure and website; Free Wifi & place banners and share branded gifts at booths.

The NITEC Coordinator listed expected speakers at the conference to include, Barrister Adebayo Shittu, minister of Communications; Segun Ogunsanya, MD/CEO, Airtel Nigeria; Juliet Ehimuan-Chiazor, country manager, Google Nigeria; Tunde Coker, MD, Rack Centre, among other notable innovators in the Nigerian tech ecosystem.

Some of the sessions will include Digital Innovation, Tech Future, Disruptive Hardware, Design and Development. Under these sessions, topics such as Digital Media, Productivity, Smart Cites, Clean-Tech, Energy, Internet of Things,  Mobility etc.

Also, interesting side attractions are hacks, interactions, prize winning games and networking sessions for everyone.

And, there will be exhibitions of new tech products, team hacking battles, a variety of tech-related games as well as airtime-winning games using Rafflecopter.com.

“We hope NITEC as an annual event will push Nigeria’s place in the comity of global tech giants. Now is the time to innovate. We have seen the impact of technology on Nollywood contents distribution, entertainment, transport, etc,” he added.


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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.

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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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