News
Facebook Accelerator Nigeria Opens with Season Two Bootcamp

Following the successes and impact of the first season of its research and mentorship-driven accelerator programme, Facebook Accelerator, Nigeria, Facebook today announced in partnership with Co-Creation Hub, the commencement of season two of its programme which is aimed at supporting and empowering students and entrepreneurs to build locally relevant solutions using advanced technology.
For the first time, applications for this year’s programme stretched beyond Nigeria, and included Ghanaian innovators. The final teams, made up of eight startups and four student teams, will be part of a six-month program which aims to aid innovative and visionary applicants in creating solutions with advanced technologies.
The research and mentorship-driven program will provide the teams with access to product and industry experts, as well as deeper knowledge in how to optimize solutions which leverage technology such as Artificial Intelligence (AI), Internet of Things (IoT) Data Science, Augmented Reality (AR) and Virtual Reality (VR).
Like its first edition, this year’s bootcamp will be held at Facebook’s flagship Community Hub space, NG_Hub. The student teams taking part will be provided with equity free funding of $10,000, whilst the Startup teams will be provided with $20,000 in equity free funding. Both teams will also have access to technical and business mentors from the Facebook and the CcHUB network as well as free working space at NG_Hub.
Twelve teams selected from Nigeria and Ghana will be unveiled on Friday, September 27 with a demo event which will provide an opportunity for the teams to pitch and showcase a demo of their solutions.
Adaora Ikenze, Head of Public Policy for West Africa commented: “We’re delighted to be bringing this programme back for a 2nd year to NG_Hub, and for the very first time including Ghanaian innovators.
The success of last year’s programme, which saw the graduating teams cumulatively raise over $400,000 in investments and grants as at April 2019, reinforces the amazing talent pool and groundbreaking solutions we see being created from across the continent and here in Nigeria. Young innovators using cutting edge technologies to build solutions that are both locally and globally relevant.”
Bosun Tijani, Founder and Chief Executive Officer of Co-Creation Hub Nigeria, added: “Facebook Accelerator as the first deep tech acceleration programme in the region has been a great initiative for all of us at CcHUB to support.
We are extremely proud of the contribution and dedication from Facebook and all of our partners in leveraging the programme to inspire and support a new generation of entrepreneurs and makers.
Fbstart is a unique platform for discovering and enabling technology solutions that are capable of creating significant economic impact and we look forward to working with Facebook in incubating more great minds in the region to build a world we’ll all be proud of.”
The teams accepted are VNTS, Appruve, Curacel Systems, Neohaul Technologies, Chekkit Technologies LLC, VMEDKIT, Gradely and Simbi Interactive. Four student teams; Vinsighte, Mus-Comm, InventOne and GESAL also made the cut.
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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