General News
2013 is Year of Safer, Cheaper Air Business – Uriesi

George Uriesi is managing director, Federal Airports Authority of Nigeria (Faan), a service organization statutorily charged to manage all Commercial Airports in Nigeria and provide service to both passenger and airlines
Uriesi is one of Nigeria’s best brains in the aviation sector with a career spanning more than 20 years both at home and abroad.
He spoke to peter ugwu on a wide range of issues
Faan’s Success in 2012 and Projection for 2013
So far, a lot of vision has been put in place. And we are hopeful of bountiful benefits of those efforts in 2013.
Our 2012 remodeling project went into a different gear, especially with the commissioning of the General Aviation Terminal (GAT) in Lagos.
This year we hope that some of the other airports that have been completed will be commissioned. Benin for instance is already been used; Kano is completed and Yola is nearing completion.
So, quite a number of them have been completed and we shall also step into the second phase which is another eleven airports.
Secondly, this year we are looking at the commencement of construction work of brand new airports in Lagos, Abuja, Port Harcourt and Kano.
This is also to ensure that Nigerians have world class facilities at the airports. The intention is to develop those areas as international hubs.
We are also going to grow the cargo business by developing cargo airports. That is, designating airports-container cargo terminals.
That is to diversify the earnings of revenue, in such that airports that are designated as cargo will develop along that line.
For instance, in Kano, which is one of the designated areas, if there is a strong point in terms of vegetable, there will be refrigeration, markets, etc., that will be built alongside.
Discussions are on-going with the Chambers of Commerce to get market, so that such goods will be transported.
And if you look at oranges and pineapples, ours are of international standards, but right now it is the Philippines that are gaining more from the market internationally.
That is a window open to Nigeria, but yawning for development. But after our modalities processes, we should be able to be airfreight goods directly, whether it is from Aba, Enugu, Owerri, Ibadan or Ilorin.
That alone will generate a lot of activities instead of the present gluts that farms are left with their products harvested; they lose money and get discouraged.
It will not only open up the market, it will make the airports more sustainable, and create a value chain of economic activities, in such that the airport user, the airline will benefit.
The farmer and the Youths will benefit also, because there will be employment generation.
Strategies in Place to Actualize the Objectives
First is the removal of tariffs in the passenger planes.
This strategy married with the Federal Ministry of Aviation master plan will definitely make it cheaper for domestic airlines to operate.
By implication it will boil down to cheaper ticket. Because there is no reason, whatsoever, with the intervention being put in place that an hour flight should cost N30, 000. It should come down to less than N10, 000, so that the common man can afford to fly.
Invariably, we are looking at what major components constitute high costs for the domestic airlines and those are the areas government is looking at.
And the Federal Airport Authority of Nigeria (Faan) is not leaving any stone unturned in the area of staff re-orientation, which formed part of the Aviation master Plan pursued by Princess Stella Oduah led aviation ministry.
Faan is spearheading a number of the reorientations, in terms of attitude to work, operation. So that with these new facilities there will be a new way of thinking, as regards passenger management, personnel relationship, security, safety, etc.
Those are issues that will be on the front-burner. However, the emphasis shall remain safety, safety, safety.
Developing New Airports Alongside the Remodeling Projects
There was a stipulated template as encapsulated by the Aviation Master Plan (AMP). And the master plan is such that Nigeria should take her place as the leading aviation nation in Africa.
It was also put in view that aviation should be a major economic earner. There are a lot of things that must be in place for us to realize those dreams.
That is why we are striving to ensure the infrastructures that have been going down for the last 30 years are rehabilitated.
For us to be taken serious worldwide, we must have facilities that meet up with international standards. Facilities must be in place for us to become a key player.
For instance, in terms of airplanes, there are certain planes that may not be able to land in our airports, because of their sizes or technologies in them.
That gives rise to the fact that we need to open up our frontiers and re-organise. We believe that with the expansion of some airports from passenger to cargo business there will be so much that the facilities will be optimally used.
Not only that, there is also the Aerotropolis project-developing cities around airports, and that will assist in trade facilitation.
How? Some passengers fly to Lagos for maybe one hour from Abuja and they spend about three hours to get to the Island.
But if there are facilities to do business here, there will be no need to do that. They can actually fly in, do their businesses and fly out; that is the new business model anywhere in the world.
So, if you create the facilities, hotels, banking halls, conference centres, all within the airport environment, definitely, it will make the process more attractive. Those are the considerations we think make it mandatory that we provide more facilities on the ground than we have now.
Purchase 30 New Aircrafts for Operators
Well, it is a worthwhile project been handled by the Ministry of Aviation. Sometimes, I tend to explain to people about the project so they would get the big picture clearer.
However, the Federal Ministry of Aviation has the modalities and can only explain more on that.
At present, the Authority is focused on the reconstruction of 22 airports across the country as initiated by the Minister of Aviation, Princess Stella Oduah.
So, I want to use this medium to dispel the rumour that it is Faan that is in-charge of the purchases. No, it is under the purview of the Ministry.
Committee on Disposal of Abandoned Aircrafts
We need to understand that the cases are actually in three categories. The ones that have cases in courts are been resolved by our legal department.
There are also the second stages where people just abandoned the aircrafts. We have contacted them through the Committee headed by Captain Henry Omeogu, director of Operations, Faan.
We are happy that the Committee has already made efforts towards explaining to some of the owners, who have eventually indicated interests to evacuate them.
The third category comprises of those who are willing to evacuate them but the aircrafts are tied to loans.
So, we are looking at strategies, but definitely as chairman of the Committee said, there will be no stopping us.
We are determined to ensure the abandoned aircrafts are moved out, because they constitute a danger, especially of bird strikes.
They provide shades that birds can hide in. although, we don’t want to create an alarm, but it is a danger.
On the other hand, it does not fit into the new image we want of world class facility. And the committee is ensuring that will be done immediately.
Stopping Airlines from Abandoning Aircrafts
Yes, we are actually looking at the possibilities. Usually, in other countries (like in America) there are airports in the desert that are designated for that.
When an airplane is getting aged or the operator wants to abandon it, you take it there. That is what we are also looking out.
There were actually one or two airports that were earmarked for that, but the rise in activities and awareness, there was a change of plans.
However, there will be designated areas far away from these areas for activities.
Relationship between Faan and Some Airport Concessionaire
Well, there are different relationships, depending on the concessionaires we are handling. There are those who out rightly took advantage of Faan and by implication, the commonwealth of the Nigerian people.
They were using agreements that were deliberately coined against Faan to their benefits. And that is being reviewed to the benefit of Nigerians. And those agenda are been vigorously pursued.
We are also happy that a lot of progress is being made. Nigerians are happy for it as well. There are other concessionaires that are not up and doing.
For instance, the cleaners – toilets are left unattended to. We concession it out, but because of the capacity of the company involved, we are having a backlash; if you go to some of the toilets and they are not well kept, there is a concessioner that ought to do that.
At the same time, to our numerous customers and clients, they would blame it on Faan. So, the managing director has already given them ultimatum to either meet up with the terms of agreement or they will be shown the way out.
There will be no compromise. We don’t believe that the old order (in operation) should be part of the operations in the new facilities.
Nigerian deserve the best, they are paying for it. To other concessioners that are operating along the terms of agreement, we encourage them, because Faan is a service provider and we will not shy away from providing enabling environment for the private sector to flourish, because the dream is let private sector handle most of these activities.
Level of ICT Inclusion In Airport Administration?
Information Communication Technology, ICT is aviation, just as aviation is ICT. There are a lot of efforts to improve on what is on ground, especially this year. We will recall the automation of our resources platform.
Of course, the world is going ICT and if we want to operate world standard airport system, we have no option than to align ourselves in the trend.
Our ICT inclusion is needful in the areas of human capital development, services, training and re-training.
Anybody who wants to be a serious player, not only in aviation, must not take ICT for granted, because every activity is affected. And that is why is on the forefront to ensure our system is ICT compliance.
General News
Paystack Launches The Stack Group as Pan-African Tech Powerhouse

Paystack, the leading African payments platform solving complex financial challenges for businesses across the continent, has launched The Stack Group (TSG), a new parent holding company that consolidates its expanding family of technology brands.

Paystack
Founding shareholders of TSG include global payments giant Stripe, Paystack Founder and Chief Executive Officer Shola Akinlade, and key employees from the Paystack team, with agreements formalised in October 2025 pending necessary regulatory approvals.
Since Stripe’s strategic acquisition of Paystack in 2020, the company has recorded exponential growth, achieving a 12-fold increase in payment volumes while securing licences and operations in five African markets—Côte d’Ivoire, Ghana, Kenya, Nigeria, and South Africa—alongside regulatory approvals for Egypt and Rwanda, collectively representing approximately 46 percent of Africa’s gross domestic product.
This pan-African expansion, driven by a product-first strategy, has propelled Paystack to profitability at the group level, a key milestone announced alongside the TSG launch.
The formation of TSG follows closely on the heels of Paystack Microfinance Bank’s (MFB) recent debut in Nigeria, operating as a fully independent bank to internalise critical financial infrastructure and deliver banking and credit services tailored for more than 300,000 Nigerian merchants.
These integrated capabilities empower the development of seamless, compliant end-to-end money movement solutions, reinforcing Paystack’s core mission to build innovative technology that fuels African ambition and addresses unique continental business needs.
Under the TSG umbrella, the portfolio encompasses Paystack for merchant payment innovations, Zap for consumer-focused payments, Paystack MFB for banking services, and TSG Labs dedicated to pioneering emerging technologies and developing novel products both within financial technology and beyond.
Each entity maintains operational independence while sharing core values and specialised expertise in crafting solutions for Africa-specific challenges, fostering synergies across complementary domains.
Shola Akinlade, speaking on the landmark development, declared that the launch of TSG heralds an era of broader ambition, setting the strategic direction for the company’s next decade of impact.
“Having partnered with thousands of businesses continent-wide since 2016, the vast opportunities to extend support beyond payments are evident, and TSG positions us to confront the multifaceted hurdles African enterprises encounter,” Akinlade stated.
He extended gratitude to the Stripe team for their unwavering faith in Africa’s technological promise and Paystack’s capacity to pioneer transformative innovations for the continent and global markets.
This corporate restructuring coincides with Paystack’s 10-year anniversary celebrations in January 2026, underscoring a decade of resilience, innovation, and market leadership in Africa’s burgeoning digital economy.
Industry observers view TSG as a bold masterstroke that not only safeguards Paystack’s legacy but also amplifies its potential to shape the future of financial services, commerce, and technology across Africa at a time of rapid digital transformation and heightened investor interest in the region’s fintech ecosystem.
General News
Kuda Unlocks Instant Online Accounts for NGOs and Religious Bodies

Kuda has updated its business banking services to allow NGOs and incorporated trustees to open and manage business accounts entirely online. The move means religious organisations, charities, and other registered organisations no longer have to navigate the long wait and paperwork traditionally associated with setting up a business account.

Nosa Oyegun,
On the Kuda Business app, organisations registered with Nigeria’s Corporate Affairs Commission (CAC) can choose the NGO option during signup, submit their CAC documents, and provide trustee details. Once verified, accounts are activated within minutes, a significant reduction from the days or weeks it can take under traditional business banking processes.
For many NGOs and religious institutions, handling donations, grants, and operational expenses has long been slowed by manual systems and branch-based requirements.
The Kuda Business update is expected to make financial management faster and more transparent, allowing organisations to focus on their mission instead of battling administrative bottlenecks.
Nigeria is home to thousands of registered NGOs and religious organisations, with Lagos State alone accounting for over 10,000 churches and mosques as of the last count in 2021. Across the country, incorporated trustees play a critical role in education, healthcare, humanitarian response and community development. Despite their scale and economic relevance, access to modern digital banking tools has remained limited for many of these institutions.
Nosa Oyegun, SVP Business Banking at Kuda, said the update is proof of Kuda’s focus on removing structural barriers that slow Nigerian organisations down. “NGOs and religious organisations are responsible for managing funds that directly impact communities, yet they are often forced to operate with outdated banking processes,” he said.
“By enabling incorporated trustees to open Kuda Business accounts entirely online quickly, we’re giving these organisations access to the same modern financial tools built by Kuda that other businesses already use, so they spend less time doing admin work.”
With Kuda Business, NGOs and religious organisations can manage incoming donations and grants, make payments, track transactions in real time, generate professional account statements for audits and reporting, and grant controlled access to trustees, treasurers and administrators, all on a single app.
Kuda designed the account signup process to meet regulatory requirements while significantly reducing manual reviews and customer support workload. Automations shorten notoriously long business signup timelines while improving information accuracy and user experience.
As reforms promoting cashless payments and digital financial services take hold in Nigeria, NGOs and religious organisations are under increasing pressure from donors, partners and regulators to operate with greater financial transparency and efficiency.
The new Kuda Business update is therefore timely, offering a dedicated digital account specifically designed for this segment, unlike many traditional banks and fintech platforms that treat incorporated trustees as special cases requiring comparatively slower manual intervention.
General News
Catholic Bishops Urge FG to Give Tax Laws Human Face

Catholic Bishops of the Ibadan Ecclesiastical Province has called on the Federal Government to implement the ongoing tax reforms with equity, openness and empathy, cautioning that policies devoid of human consideration could further compound the suffering of millions of Nigerians.

The appeal was contained in a communiqué released after the bishops’ first provincial meeting for 2026, which took place at the Jubilee Conference Centre in Ibadan, Oyo State.
The document was jointly signed by Most Rev. Gabriel Abegunrin, chairman of the Ibadan Ecclesiastical Province, and Most Rev. John Oyejola, secretary.
Recall that the tax reforms were introduced by the administration of President Bola Tinubu and assented to on June 26, 2025.
They officially came into effect on January 1, 2026, and have continued to attract diverse reactions across the country.
In the communiqué, titled “Sustaining Hope and Strengthening Our Good Efforts,” the bishops acknowledged the government’s desire to overhaul Nigeria’s tax system but expressed concern that its implementation had sparked widespread unease and debate, especially among the poor and vulnerable.
“The reforms should be anchored on fairness, transparency and accountability, urging the government to apply them with compassion.
“The bishops also advised that vulnerable citizens should be given sufficient time to adapt to the new tax regime before strict enforcement measures are introduced.”
The clerics warned that economic policies pursued without sensitivity could widen inequality and heighten social unrest, noting that taxation should not become an added burden for Nigerians already grappling with inflation, unemployment, and rising costs of living.
The bishops encouraged Nigerians to remain hopeful while backing prayers with responsible citizenship, diligence and respect for justice and the rule of law.
“As shepherds of God’s people, we urge Nigerians to reject cynicism and despair. Prayer must be accompanied by good works. This is the only country we have,” the communiqué concluded.
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