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UNILAG, Ecobank Partner to Promote Entrepreneurship among Youths

Prof. Oluwatoyin Ogundipe, vice chancellor, University of Lagos has commended Ecobank for its consistent support for the promotion of entrepreneurship among students and youths across the country.
The Vice Chancellor, who was speaking while receiving Ecobank Management in his office ahead of the Investment Society, UNILAG Colloquium, said that the university would collaborate with the bank on such initiatives, stressing that partnership between operators in the financial sector and the academia in raising budding entrepreneurs would bring the much-needed development of the nation’s economy.
In particular, Ogundipe lauded Ecobank for partnering with The Investment Society – UNILAG, an association set up by some undergraduate students of the school to share and expand their knowledge of finance and consulting towards entrepreneurship.
He noted that such support was in tandem with the vision of the academic to raise self-reliant graduates rather than job seekers.
He announced that a University of Lagos Economic Summit has also been planned in this direction.
“We are glad to have you and your team here. Your financial support and physical presence in this Colloquium are clear indications that you are interested in building young entrepreneurs which also aligns with our vision as a university.
“Ecobank has been our good partner. We appreciate your support on some of our various programmes over the years.
“This is also an opportunity to seek your partnership for our up-coming Economic Summit and NUGA games. We seek stronger ties in this direction of raising young entrepreneurs,” he said.
Professor Ogundipe who reeled out some achievements of the institution, stated that only recently two of their lecturers won a combined sum of £1.2m (over N485m) as a research grant for the development of integrated solutions that would maximise employment opportunities and enhance the future of work in Africa.
Patrick Akinwuntan, managing director, Ecobank Nigeria, in his response, restated the commitment of the bank to partner with tertiary institutions in the country on initiatives that would enhance and promote entrepreneurship, scholarship and conducive learning environment across the country.
He assured that Ecobank would partner the University of Lagos on its planned Economic Summit and other initiatives that would widen the students’ entrepreneurial scope.
Akinwuntan reiterated that Ecobank, as a Group was committed to contributing to the economic development and financial integration of Africa, noting that Ecobank offered a natural advantage with its unmatched pan-African banking competencies, built up over the last 25 years.
“We are marshaling our impressively broad presence, our proficiency and our performance to support Africa’s development.
“We will continue to play a pivotal role as a pioneer in financial integration and inclusive banking in Arica.
“We operate in 36 countries in Africa with representative offices in Paris, Beijing, Dubai, Johannesburg and London.”
Furthermore, he said “we have made many pioneering achievements, many “firsts’ across various products and platforms in the Nigeria.
“We are the first to issue an international credit card in Nigeria – Ecobank MasterCard in 2004; pioneers in mobile banking with USSD *326#; first to offer QR code scan and pay (EcobankPay) which accepts payments from other platforms – mVisa, Masterpass and mCash; first to offer instant cards and so on.
“We have several youth friendly products and array of digital offerings that offer payment and transaction solutions.”
In his address at the Colloquium, Akinwuntan commended the students for coming together to form an association that would prepare them for the future in finance, investment and entrepreneurship, stating that Ecobank as a youth friendly Bank was committed to helping them achieve their goals and aspirations.
Akinwuntan, who was the Chairman of the event further advised the students to have set out goals and map out steps to actualizing them.
“As a Bank, we set out to support you because we believe in your vision and are prepared to assist you achieve it.
“As the future leaders of tomorrow, I challenge you to be innovative, resilient, be dedicated to your goals. You must have self-belief , the right mindset and be ready to dare to achieve the right results.”
Timileyin Idowu, president, the Investment Society, UNILAG, said the Colloquium was organized to provide a holistic platform for the smooth exchange of ideas among established and widely renowned professionals who have vast knowledge and experience in the investment and finance industry and the students.
While commending Ecobank and other sponsors of the event, she explained that the choice of the theme: ‘Driving investment in Africa through innovation and leadership’ and selection of facilitators were targeted at exploring how innovation and right leadership can attract investment to Africa and Nigeria in particular.
News
Firms Face Gaps Between AI Ambition and Execution

Artificial intelligence (AI) will this year become a central pillar of leadership strategy, shaping how organisations plan to grow, compete and reinvent their operating models.

However, the gap between ambition and execution will remain one of the defining challenges of 2026.
This is one of the key findings of Accenture’s latest Pulse of Change report, which shows that global executives’ intent around AI is strong and accelerating.
The study is grounded in a global survey of 8 000 executives and employees, and is designed to measure AI adoption, strategy and workforce impact across industries and regions.
According to the report, across industries, leaders are no longer asking whether AI should be adopted. Instead, they are focused on how AI can be scaled to deliver measurable enterprise value, transform decision-making and unlock new revenue streams.
A total of 86% of surveyed C-suite executives plan to increase their AI investments in 2026, signalling that AI has moved from experimentation to a board-level growth priority, it notes.
Shifting AI priorities
One of the most notable changes highlighted in the report is how executives now view the purpose of AI.
“While early adoption focused heavily on automation and cost reduction, company leaders are increasingly positioning AI as a driver of growth,” it states.
“Nearly eight in 10 surveyed executives believe AI will contribute more to revenue generation than cost savings in the year ahead, reflecting a strategic pivot toward AI-enabled products, services and customer experiences.”
According to the study, daily AI usage among senior leaders has risen sharply, with 38% of surveyed executives now using AI tools every day, compared to 8% at the start of 2024. This signals that AI is no longer delegated solely to technology teams; it is becoming embedded in executive workflows, strategic planning and decision-making processes.
While leadership engagement with AI is deepening, the report suggests that enthusiasm at the top does not automatically translate into impact across the organisation.
Scaling AI remains elusive
Despite growing investment and executive confidence, only 32% of respondents report achieving sustained, enterprise-wide impact from AI. Most companies remain stuck in isolated use cases or pilot programmes that fail to scale meaningfully across business units, the report notes.
“Executives largely believe they have articulated a clear vision for AI-driven change, but employee perceptions tell a different story. Just 18% of workers strongly agree that leadership has communicated a compelling AI vision, and only one in five say they understand how AI will affect their role in the future.
“This disconnect suggests that while executives are planning ambitious AI transformations, those plans are not always translating into clarity or confidence on the ground.”
The result is a growing execution gap: leaders are moving faster in strategy than organisations are moving in practice.
Human-AI collaboration
Despite these challenges, the report reveals a strong foundation for progress. Employees largely recognise the benefits of AI, with 79% stating that AI has positively influenced their ability to learn new skills.
Many also associate AI with increased innovation and problem-solving capacity, indicating that resistance is less about fear of technology and more about lack of involvement in change design.
“However, comfort with advanced AI capabilities remains limited. Only 27% of surveyed employees say they are comfortable delegating tasks to AI agents, and regular AI usage among workers has declined slightly compared to previous months. This points to the need for executives to focus not just on deployment, but on trust, enablement and shared ownership of AI systems.”
For executives planning to scale AI in 2026, the message is clear: value will come from treating AI as a workforce transformation initiative, not just a technology investment, the report asserts.
“In the year ahead, AI success will be defined less by how much organisations spend and more by how effectively executives align people, processes and technology. Those who bridge the gap between executive intent and employee experience will be best positioned to turn AI from a strategic promise into a sustained competitive advantage.”
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.
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