News
FG Reaffirms Commitment to Driving Productivity with Technology & Innovation

The Federal Government has affirmed its commitment to use Science, Technology and Innovation to drive productivity in all sectors of Nigerian economy.
Mr Bitrus Bako, Permanent Secretary, Federal Ministry of Science and Technology, made this known on Tuesday at the 16th meeting of the National Council on Science and Technology in Lafia.
The theme of the 2018 meeting is “Enhancing Nigeria’s Competitiveness in all Sectors of the Economy through Effective Development of Science, Technology and Innovation.“
Bako, in his opening address, said the decision was in line with the government policy thrust to move the economy of the nation from resource-based to a knowledge-based and innovation-driven economy.
According to him, the decision is enshrined in the Economy Recovery and Growth Plan (ERGP) 2017-2020.
“The Federal Ministry of Science and Technology (FMST), in line with the government desire, produced the National Science, Technology and Innovation Roadmap (NSTIR) 2017-2030 as a catalyst for Nigeria’s economic growth and competitiveness.
“The NSTIR 2017-2030 is a step taken by this administration to move the country in a new direction and designed to catalyse effective implementation of programmes and projects in the country.
“It covers the realities of Nigeria’s current short-term economic development as contained in the ERGP 2017-2020,” he said.
Bako also said that the administration of President Muhammadu Buhari was determined to create, through Science, Technology and Innovation, an enabling environment that would mobilise local investment and attract more foreign direct investment into the country.
According to him, it is also to empower Nigerians, both young and old, to participate actively in the management of the economy.
“The present administration has recognised the use of Science, Technology and Innovation as well as effective participation of our young people, professionals and indigenous contractors and consultants as indispensable, if our dear country, Nigeria, is to become a truly great nation.”
The permanent secretary said ERGP Plan 2017-2020 recognised that Science and Technology would drive productivity and activity in all sectors of the economy, hence the importance placed on it.
“Technology and Innovation have been recognised as occupying the central place for all economic activities in all sectors of the economy. This is a major achievement for our nation.
“What this means is that, there is now a significant change in the mental attitude that we have toward Science and Technology.
“People now recognise the central role of science and technology in the economic development of our country.”
Bako disclosed that Buhari signed the Presidential Executive Order 5 ‘For Planning and Execution of Projects.
He said it was also for the promotion of Nigerian Content in Contracts, Science, Engineering and Technology’ to realise the objective of using Science, Technology and Innovation drive productivity.
Bako said that the move would redirect the country economy from its old, unsustainable path of being resource based to a new, sustainable and inclusive path of being knowledge- based economy driven by Innovation.
According to him, the Executive Order No. 5 is also meant to promote patriotism, love of country and economic nationalism as potent tool for a new social engineering of our country.
He expressed optimism that it would certainly trigger a silent revolution “in how we think as a people and how we regard science and technology as the missing link in our quest to become a truly great nation.”
In his remarks, Prof. Jonathan Ayuba, Nasarawa State Commissioner for Special Education, Science and Technology, lauded the council for choosing Nasarawa state to hold its 16th meeting, adding that the state “is a science friendly state.“
“In the next couple of days, you will see the synergy between the Federal and the State, on how we try to use science and technology for the development of Nigeria.
“So, I wish you a deliberation that will be fruitful and move our nation forward,” 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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