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ICT Can Curb N1.5tri Expended on Education Tourism– Shittu

Adebayo Shittu, minister of Communications, has said that recent commitment of the federal government to the development of Information Communication Technology (ICT) can drastically reduce the huge amount of N1.5 trillion being spent on Nigerian students studying in foreign educational institutions.
He was optimistic that if the Federal Government succeeded in establishing the proposed ICT University of Nigeria, the country will not only develop world- class local capacity, but also reduce the strain on the naira through reduction of foreign currency sourced for the training of citizens outside the country.
The minister said government is prepared to use ICT to foster youth empowerment and development through granting of loans, sponsorships and financial support among other innovative schemes to lucrative business ideas.
The minister made this disclosure at a lecture titled; Jobs Nowhere But Jobs Everywhere: ICT To The Rescue Of Unemployed Youths And Graduates at the Faculty of Law, University of Ibadan at the weekend said about 20 million youths and graduates are currently unemployed.
Stating the acknowledgement of the Buhari’s administration to use ICT as a critical pillar to leverage on job and wealth creation as well as on economy and a critical tool in diversifying the Nigerian economy and recognising the role of ICT in making it a reality, he said, government established one form of ICT infrastructure or the other across the six geopolitical zones.
He disclosed that the plan to build a national ICT Park and Exhibition Centre in Abuja is part of the preparations for the 4th Industrial Revolution is on course. Similarly, and that a plan to “build a $1 billion-dollar ICT company” to boost indigenous technology has been articulated.
Elaborating on the planned ICT University, Shittu said,” We already have the Digital Bridge Institute (DBI) which is for short term training programmes, in six locations across the country and we will transform this Institute into the ICT University of Nigeria. This unique University would by God’s grace take off effectively in September 2017 and would be run as a Public Private Partnership with the best business and entrepreneurship models.
“I have engaged with several stakeholders at the international level, Facebook, Motorola, Ericsson and am still talking to many more stakeholders. We are encouraging them to come and adopt the respective university campuses as their own.
“I am happy to report that this project is receiving a global boost and endorsement. The committee set up has been working round the clock on the realization of this objective, and has indeed submitted its final report on Tuesday 18th July 2017. A Vice Chancellor and other senior officials would soon be appointed.
“The ICT University will be a multi-campus institution of the present Digital Bridge Institute (DBI) of the Nigerian Communications Commission (NCC) located in Abuja, Lagos, Enugu, Kano, Asaba and Yola.”
He said a recent World Bank report revealed that ICT is transforming the world of work, creating new job opportunities and making labour markets more innovative, inclusive and global and accordingly, ICT is influencing employment both as an industry that create jobs and as a tool that empowers workers to access new forms of works in new and more flexible ways.
He added that the ICT sector alone contributed N500 billion into the nation’s economy in 2014 and created about 2.5 million jobs in 10 years. The statistics also show that the sector attracted about $30 billion of foreign investment from 2003 to 2014.
The minister, therefore urged Nigerian Universities to take a cue from what is happening in the Nigerian ICT ecosystem value chain and put their various faculties on the path of growth and prosperity by leveraging on ICT.
He also promised that the government would provide the much needed infrastructure and favourable policies that would create the enabling environment for young people to innovate unhindered in the various start-ups and innovative centres across the country.
“The digital revolution that has the power to transform societies is already underway. Success belongs to those who innovate and seize available opportunities. I want to assure you that I will go talking with development partners home and abroad on the importance of investing in ICT today to leapfrog the nation’s growth for today and the future.
“If we must achieve the desired goal of placing Nigeria on the global ICT mark thereby using it as major tool for job creation, earmarking investment for ICT is not enough. More importantly, we have to decide that we are going to do it by developing and churning out fit-for-purpose youths from our institutions for the exceptional ICT market and opportunities at the global level”, he said.
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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