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Ekeh, Zinox Boss Urges Nigerian Youths to Take Advantage of Digital Economy

Leo Stan Ekeh, chairman, Zinox Group, has challenged thousands of Nigerian youth, professionals, students and entrepreneurs to embrace the numerous opportunities for wealth creation which abounds with the growing pace of digital revolution and the knowledge economy, noting that wealth has become a right for all in the 21st Century.
He made this call at a mega entrepreneurship summit with the theme – The ABC of wealth creation and sustenance in the 21st Century – organized by the Imo State University and the Alumni Association in partnership with pioneer composite e-commerce outfit Yudala which held at the University Auditorium on Monday December 12.
In attendance was the Executive Governor of Imo State represented by Acho Ihim, speaker, Imo State House of Assembly; Prof. Mrs. Adaobi Obasi, Vice Chancellor, Imo State University, other principal officers of the University as well as several first class traditional rulers and other dignitaries.
Ekeh who featured as the Guest Speaker at the event decried the attitude to quality education among many Igbo youths – a generational problem which he traced to parents who erroneously assumed that education delays the progress of a man.
“The political leadership of the South East for decades has bemoaned the falling enrolment in schools. However, the mindset among many seems to be: Why do we need formal education when all we have to do is find the fastest way of making clean money? ‘Make ye wealth first and all the rest shall be added unto you’ or drawn straight from the Bible in the book of Wisdom – ‘money answereth all’.
“This mindset should change to ‘knowledge answers all’. In the 21st Century knowledge is your right and is the most important capital before cash.
“Wealth creation would always be about generating material values and accumulating same but the knowledge economy says to us that the processes must change. These tools are to be used to reorganize society and fire innovation. The knowledge economy has shrunk the global village even further and our aspirations must rise above the tripod of Hausa, Yoruba and Igbo battle for supremacy. The globe must be the platform for our operations and it has been since 1859 but we need to look inwards if we are to take advantage of the knowledge era.
“The Igbo entrepreneur would have to take quality education more seriously as deficiency in this is already a minus to her intellectual capacity to sustain her enterprise.”
Ekeh, a globally renowned digital entrepreneur whose Zinox Group ranks as arguably Africa’s biggest Information and Communication Technology (ICT) conglomerate, disclosed that building a successful business requires a mix of ingredients including humility, focus, determination to take pains before pleasure, identification of one’s passion and making it commercially viable, constant innovation and a deep relationship with God.
In his opinion, innovation – which he defined as when an invention meets a customer – represents one key success factor for many budding entrepreneurs who seek to enjoy digital wealth.
“There are Igbo entrepreneurs, including my humble self who have made huge investments in Lagos, Abuja, the UK, along the East and West Coast of Africa who would have no choice other than make investments at home given the qualified manpower and irresistible innovations. The 21st Century venture fund would be delivered to innovations no matter where they are found – China, Indonesia, South Africa, Israel, Brazil, name it.
“The point being made here is that the world needs innovations – answers to challenges confronting humanity – and the 21st Century Igbo aspiration should be to provide these innovations that are technology driven so that the products would be cost efficient and cost effectively reach more consumers world over.
Urging the audience in the packed auditorium to embrace the revolution in ICT, Ekeh noted that there is a clear and urgent need for training and re-training in a bid to reveal the potentials of ICT to all.
“It is important that I make it quite clear that what I am advocating is not that everyone must be an ICT professional. What I am saying is that every professional or entrepreneur at least for selfish reasons must be ICT literate enough to ensure that every sector of the economy is ICT driven. It is accepted globally that only ICT can catalyze national development at the pace that satisfies the high expectations in good living of the 21st Century.”
The event which featured the official presentation of YUBOSS – a wealth creation platform set up by Yudala in partnership with Airtel, Access Bank and the Leo Stan Ekeh Foundation, also witnessed the donation of books to the Imo State University and extension of soft loans to a few deserving entrepreneurs.
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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