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Adenuga Says Ofala Festival is Positive Avenue for Social Cohesion, Growth

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Dr. Mike Adenuga Jnr., chief promoter of cultural heritage and chairman of Globacom Limited
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Dr. Mike Adenuga Jnr., chief promoter of cultural heritage and chairman of Globacom Limited, over the weekend said that the annual Onitsha Ofala Festival was a positive instrument for  social cohesion,  peace and community development.

He made this remark in Onitsha on Saturday in his goodwill message at the 2016 Ofala Festival celebrations held at the Ime Obi, Onitsha, where he further added that the festival had over the years fulfilled the United Nations Educational, Scientific and Cultural Organisation’s (UNESCO) objectives for cultural initiatives.

Said he, “Ofala Festival, for us in Globacom, is an important vehicle which has been used to drive social integration, promote peace and community development. But more importantly, the festival immortalises a lofty heirloom of the Onitsha people”.

The international business guru disclosed that the company’s  collaboration  with custodians of Ofala “is also in line with our vision to identify with initiatives that empower us as a nation and raise future leaders who will not only be exceptional in their professional endeavours but will also be worthy ambassadors of our cultures and traditions. This was why we instituted the Glo Heritage Series to support festivals that help the realisation of this noble cause”.

Dr. Adenuga poured encomiums on the Obi of Onitsha, Igwe Alfred Nnaemeka Achebe, Agbogidi, for introducing what he termed ‘ unique initiatives’ to the festival by raising its bar in content, scope and scale.

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A major part of the innovations is the Oraeze Arts Exhibition, which, according to him, had over the years enabled exhibitors to “use their works to focus Nigerians’ attention on momentous national issues and shaped narratives on how we could build a bigger and better society.  “Through their creativity, the outstanding artists who have been showcased on the platform have shown that, truly, arts is life,” he said.

Dr Adenuga added that  “Globacom is proud of the interventionist roles it has played in the promotion of arts by investing in our budding and established talents.  Our latest contribution in this sphere is a television satire, Professor Johnbull.  Produced in the Eastern part of Nigeria and shown weekly on the NTA Network, the television drama series is not just entertaining but also didactic. Its objective is to make people learn and laugh as they relish the drama played by top Nollywood stars to call attention to various challenges facing the nation and how we can smash our obstacles into smithereens.”

The respected Monarch said in his address that with Globacom’s intervention in the Ofala Festival, Dr Adenuga had displayed personal commitments to the success of the cultural event. He seized the opportunity to pray for more grace for Dr. Adenuga  to continue to  positively affect humanity.

“We are particularly thankful for the personal commitment of the Executive Chairman of Globacom, Otunba Dr. Mike Adenuga Jnr., GCON, towards the success of Ofala Onitsha for the past six years. We pray that God continues to bless him to enable him to continue to serve humanity”, Obi Achebe prayed.

Globacom has been the corporate sponsor of the Ofala Festival for six unbroken years just as it is the main sponsor of Ojude Oba and Lisabi Festivals in the South West of the country among other activities of interest to the brand.

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Atte, Nigerian Develops AI Algorithm for Hair Transplants

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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, Nigerian Develops AI Algorithm for Hair Transplants

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.”

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Highlighting Ayodeji’s recent accomplishments, Dare congratulated him saying, “Congratulations Atte. I am proud of you!”

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FG to Abolish Subsidies in Power Sector in 2027 – Minister

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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.

FG to Abolish Subsidies in Power Sector in 2027 – Minister

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.


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AfCFTA Urges Africa to Stop Exporting Raw Materials

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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.

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“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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