News
GBF Addresses Rural Connectivity, Empowerment
Dr. Ndidi Nnoli-Edozien, president, Growing Businesses Foundation (GBF), has harped on the importance of connecting the rural areas in this information age as part of the efforts to bridge the digital divide.
In her presentation last week at the Abuja CTO ’08 Summit, she emphasized how rural connectivity can be financed through public private collaborations in order to bring telecom services to the underserved.
Growing Businesses Foundation (GBF) through the Rural Telephone Project (RTP), according to Nnoli-Edozien has been at the forefront in facilitating connectivity and economic empowerment and independence among the rural poor through various strategies it has adopted over time.
She informed that RTP has helped in making first class affordable communications available in rural areas by providing phones, recharge cards, yagi antenna and solar panels so that ‘phone ladies’ can operate in rural locations where the signal strength is typically low. ‘Phone ladies’ receive special tariffs since they operate in low income area, thereby enhancing their competitiveness, and in order to guard against misapplication of the special tariffs, SIM cards can are locked to a specific base station since the agreement covers a limited geographical area.
She said GBF has eight Microfinance Institutions as partners and has a presence in almost 30 states of the federation, having been able to increase the number of these small time rural operators to 4,500 till date; adding that they have been able to develop projects to cater to the needs of the private and public sectors as well as civil society, creating win-win scenarios.
GBF Statistics have shown that 42,764 call hours and 256,584 call minutes, are recorded monthly and over eight million naira generated from MTN to MTN calls in rural areas where the RTP has been introduced; while urging other operators to embrace the initiative as the rural people appreciate brands more than anyone else, since they transform their lives.
She said it is so amazing that one puts a little amount of money on people and that money is returned a hundred fold as has been experienced in the RTP so far, even as she expressed regrets at such situations where rural dwellers would have to travel long distances just to make phone calls.
Nnoli-Edozien stated that this is a time for collaboration rather than competition among operators to better the lives of the rural poor and enable them achieve their aspirations.
GBF was founded in 1999 and aims at facilitating access to commercial credits for micro and small enterprises. It has become a market leader in providing access to rural telecom services, having penetrated almost every part of Nigeria.
News
Atte, Nigerian Develops AI Algorithm for Hair Transplants

Atte Ayodeji, a Nigerian computer scientist,has developed an artificial intelligence algorithm capable of detecting, counting, grouping and generating healthy hair follicles during hair transplant procedures, an innovation that earned him the Best Innovative Technology award.

Atte Ayodeji
Ayodeji also graduated with a Distinction in his Master of Science (MSc) in Computer Science from Birmingham City University on Friday, adding another milestone to an impressive academic year.
Beyond his award-winning hair transplant innovation, the Nigerian researcher developed a system and framework on Explainable Artificial Intelligence (XAI) as a professional responsibility in the diagnosis of lung cancer.
His dissertation received a silver award at the PGXPO2026 Winter, further highlighting the impact of his research in applying artificial intelligence to healthcare.
Sunday Dare, special adviser on Media and Public Communication to President Tinubu, celebrated Ayodeji’s achievements in a post on X, recalling how he first met him in 2019 during his National Youth Service.
“In 2019 when I became a Minister of the Republic, I met a young man of medium height, genteel with penetrating eyes: Atte Ayodeji. His words rarely come out and he could easily be passed by unnoticed. But I noticed him especially when my SA Kemi Areola brought him to me asking my approval for him to do his Youth Service in my office. I approved. From then on he was unstoppable. His brilliance shown and he developed skills beyond his frame.”
Highlighting Ayodeji’s recent accomplishments, Dare congratulated him saying, “Congratulations Atte. I am proud of you!”
News
FG to Abolish Subsidies in Power Sector in 2027 – Minister

Mr. Joseph Tegbe, minister of Power, has said that the federal government plans to end power sector subsidies from 2027 and that there are no immediate plans for tariff increases.

Mr. Joseph Tegbe, minister of Power
The minister told journalists during the media interactive session at the weekend that the government has announced plans to phase out electricity subsidy payments from 2027 as part of efforts to address mounting liabilities in the power sector.
He explained that the planned removal forms part of the broader reforms aimed at ensuring the long-term sustainability of the electricity sector, while tackling the financial challenges confronting the industry.
According to the minister, despite the planned subsidy withdrawal, there are no immediate plans to increase electricity tariffs, reassuring consumers that the government is not considering a tariff hike in the short term.
News
AfCFTA Urges Africa to Stop Exporting Raw Materials

Patience Okala, the National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office has urged African countries to stop exporting raw materials and instead focus on adding value to its natural resources if it is to fully harness the opportunities offered by the African Continental Free Trade Area.

She stated this on Thursday at the Streamsowers & Köhn 20th Anniversary Business Forum, where she stressed that value addition and beneficiation are essential to Africa’s industrialisation and long-term economic growth.
According to a statement issued on Friday by the Nigeria AfCFTA Coordination Office, she said the AfCFTA goes beyond the elimination of tariffs, serving as a framework for industrialisation, value addition, and job creation across the continent.
“AfCFTA is not only about tariffs; it is also about value addition. Africa has to stop exporting raw materials. We need to add value and ensure that beneficiation is done on the continent,” she said.
Okala also said Africa’s economic transformation would depend on the effective implementation of the AfCFTA rather than on the signing of trade agreements alone.
“We have moved beyond negotiations. The success of AfCFTA will be measured by the extent to which businesses can access new markets, trade seamlessly across borders, and benefit from the opportunities created by the agreement,” she said.
She noted that Nigeria had intensified efforts to implement the agreement under the leadership of the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, including the development of simplified AfCFTA guides in six languages to help businesses understand and take advantage of opportunities under the trade pact.
Okala called for stronger collaboration among governments, regulators, and the private sector to eliminate barriers to trade and investment and build a truly integrated African market.
“As we move from policy to implementation, our collective responsibility is to ensure that the opportunities created by AfCFTA become practical realities for businesses, particularly MSMEs, women-owned enterprises, and young entrepreneurs across the continent,” she said.
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