News
Lagos Partners Paytech to Lump Revenue Leakages

An e-solutions firm, Payment Technology Limited (Paytech) has disclosed that its recent consultancy agreement with the Lagos State Government on revenue collection automation within the Lagos tertiary institutions is aimed at plugging revenue leakages.

Paytech, in a press statement issued and signed by Adetunji Osho its Chief Operating Officer, denied that the initiative is a revenue collection drive but says it’s a move to introduce a central e-monitoring tool like it has done in some other states in the country.
Osho said Paytech is an innovative e-solutions provider with a focus on assisting Ministries, Departments, and Agencies (MDA) to convert all their cash-intensive operations to a cashless platform.
He said, “we introduced into the market place an e-monitoring tool that shows beyond a reasonable doubt that internally generated revenue (IGR) collected by State-owned tertiary institutions are sufficient for the institutions to provide world-class education, provided there is 100% collection and remittance to their coffers.
“The aggressive plugging of revenue leakages that our platform has provided, has enabled State Governments to increase their revenue through savings made from subventions.
“These savings can be diverted to other critical infrastructural and developmental needs for the benefit of the populace.”
Osho further disclosed that Paytech implemented the platform within 10 Ogun State tertiary institutions between 2012 and 2018, which he claimed led to an over 50 percent increment in collections within the first year of operations.
He said, “We were the foremost Company to implement this platform in over 10 Ogun State tertiary institutions between 2012 and 2018, where our platform increased collections by over 50 percent within a year and the State saved a lot in subventions”.
“The tertiary institutions reported more revenue than they did with government subvention after the implementation of our platform.
“We are currently providing the same service to other State tertiary institutions in some South Western States. We have a wealth of experience in providing this service and we have never rendered any of the tertiary institutions worse off from the implementation of our platform.
“Our platform clearly shows that IGR collection and management can end ASUU strikes, as enough money is collected as IGR from State tertiary institutions. States can do proper budgeting on a scientific and accurate basis.
“Long gone is the era when tertiary institutions ran without the knowledge of their principals and claimed there was insufficient IGR.
“The wealth of data our platform provides can be utilized to scientifically plan and position subventions, by virtue of the management information system (MIS) we develop for the State.
“The State knows first-hand who needs subvention and who does not. IGR collection is merely captured and automated via our platform directly into the tertiary institution’s bank account in accordance with the Settlement Mandate issued to Paytech by the tertiary institution itself.
“We capture the transaction and switch/automate it to the tertiary institution’s bank account. Only the tertiary institution has access to the IGR automated via our platform. The State supervising authority merely has viewing access to see what comes in only.”
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.
News
Cisco Explores AI for Nigeria Farmers

Cisco is exploring artificial intelligence (AI)-powered solutions to support smallholder farmers in Nigeria, as part of efforts to expand digital inclusion and technology adoption.

The initiative focuses on improving agricultural productivity through accessible, data-driven tools.
The move aligns with growing collaboration between Nigeria and the United States under the Commercial and Investment Partnership, which prioritises the digital economy, agriculture and infrastructure.
Speaking at the 2026 World Business Chicago, Brian Tippens, chief social impact and inclusion Officer at Cisco, said the company is assessing practical AI applications to help farmers combine local knowledge with data insights.
He said Cisco is exploring tools such as AI-enabled WhatsApp communities, geospatial mapping and weather intelligence to support day-to-day farming decisions.
The approach reflects a shift towards low-cost, mobile-first solutions suited to rural environments.
Tippens added that the Cisco Foundation is investing in early-stage startups developing technologies for local agricultural challenges.
Industry analysts note that AI adoption in emerging markets depends on locally relevant solutions, rather than large-scale enterprise deployments alone.
Beyond agriculture, Cisco plans to expand digital skills development in Nigeria through programmes such as the Cisco Networking Academy’s One Million Learners initiative.
Tippens said the programme also supports partnerships with organisations working with persons with disabilities, including those developing tools for people with visual impairments.
He added that Cisco’s social impact strategy aims to improve access to technology and promote inclusion, including in conflict-affected regions such as Borno State.
Cisco’s initiatives form part of broader efforts to link digital skills, connectivity and AI adoption to economic development in Nigeria.
News
FG launches AI capacity-building programme for 11,700 unity schools teachers

Federal Government has launched a nationwide Artificial Intelligence (AI) capacity-building programme for teachers in Federal Unity Colleges, with about 11,700 educators set to acquire digital skills aimed at improving classroom instruction and preparing students for a technology-driven future.

The initiative advanced with the signing of the Terms of Reference (ToR) between the Federal Ministry of Education and ICEDT Consult Limited, paving the way for the nationwide implementation of the AI Teacher Capacity Development Programme.
The programme, to be implemented through the ministry’s Education Support Services Department, is part of the Federal Government’s efforts to modernise Nigeria’s education sector, strengthen teacher professionalism and equip students with skills required in the digital economy under President Bola Tinubu’s Renewed Hope Agenda.
Speaking during the signing ceremony in Abuja, the Director of the Education Support Services Department, Gabriel Amudipe, described the initiative as a strategic investment in Nigeria’s teaching workforce and the future of education.
He said the nationwide rollout followed the successful completion of a pilot phase conducted in selected Federal Unity Colleges.
According to him, the implementation model developed by ICEDT Consult Limited will ensure effective coordination and quality delivery of the programme across the country’s six geopolitical zones.
Amudipe urged officials responsible for monitoring the project to ensure strict compliance with the implementation guidelines and maintain the standards achieved during the pilot phase.
“The ministry remains committed to supporting innovative initiatives that strengthen teacher professionalism, improve learning outcomes and promote the responsible integration of emerging technologies into education,” he said.
Earlier, the Deputy Director of the Education Support Services Department, Oladele Fapohunda, described the programme as a strategic intervention designed to deepen digital innovation across Federal Unity Colleges.
He stressed that collaboration among all stakeholders would be essential to achieving the objectives of the initiative nationwide.
Also speaking, the Head of Strategic Partnerships and Learning Scientist at ICEDT Consult Limited, Dr Abdulrahman Orosanya, said the Federal Government approved the national rollout after the successful pilot implementation in six Federal Unity Colleges representing Nigeria’s six geopolitical zones.
According to Orosanya, the pilot demonstrated the potential of Artificial Intelligence to improve lesson planning, classroom delivery, assessment methods and teachers’ productivity.
He said the nationwide implementation would strengthen teachers’ digital competencies, improve instructional delivery and support the government’s vision of building a technology-driven education system capable of producing globally competitive graduates equipped with 21st-century skills.
The ceremony ended with the formal signing of the Terms of Reference by officials of the Federal Ministry of Education and ICEDT Consult Limited, signalling the commencement of preparations for full implementation across all Federal Unity Colleges.
The ministry said the programme would directly train about 11,700 teachers, while thousands of students across the country’s Federal Unity Colleges are expected to benefit through improved classroom instruction, increased digital innovation and the responsible application of Artificial Intelligence in teaching and learning.
It reaffirmed its commitment to working with relevant stakeholders to modernise Nigeria’s education system, improve teacher quality and deliver inclusive, equitable and future-ready education nationwide.
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