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Aviation Crisis: Industry Indicts Banks

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Either by mistake or in the hope that it will not be noticed, Nigerian banks gave airlines in the country less change than is right, leaving them to bleed profusely with debts running into billions, a Nigerian CommunicationsWeek investigations have shown.

Consequently, short-term loans which orchestrated buoyancies and explosive growths in the Nigerian aviation industry are leaving scares on the flesh of the airlines as businesses fall to less than expected.

Even the N300 billion intervention funds released by the Central Bank of Nigeria (CBN) for the sector have failed to impact as charges and counter claims rent the industry.

Industry sources accuse the Bank of Industry (BOI), where the intervention funds are domiciled of conniving with commercial banks to inflict deep cuts on the airlines’ finances.

The CBN had while injecting the fund to the sector said that “airlines can now partake from the funds and those that are indebted to banks can refinance their loans and amortize them over a period of ten to 15 years. This we believe will help put off a feared financial crisis in the aviation industry”.

Nigeria CommunicationsWeek however gathered that airlines business in the country have witnessed some erratic growth in recent years, with older domestic names such as Chanchangi, Aero Contractors and IRS are slugging it out with new entrants like Arik, Dana and the Virgin Nigeria now called Air Nigeria.  

All of them are however in form of trouble or the other but mostly financial and may never get out of their present dilemma unless there is a far-reaching intervention.

At last count, the sixteen domestic airlines, both operational and dormant, are trapped in the debris of over N 325 billion debt owed various aviation agencies, banks and government agencies.

Apart from the huge debt overhang, the airlines are faced with the problems of high fuel costs, ageing aircrafts and high operating costs.

Nigeria CommunicationsWeek recalled that only recently, three airlines locked horns with their financiers.

One of them, a long time player in the industry was nearly grounded on account of its indebtedness to then Oceanic Bank.

Benjamin Okewu, president of Air Transport Senior Staff Association of Nigeria (ATSSAN) said that industry needs long-term planning for survival.

“The truth is that when the intervention money was released neither the Ministry of Aviation nor the airlines were directly involved in the sense that the commercial banks in conjunction with the Bank of Industry (BOI) were the managers of the fund. And the commercial banks saw it as an ample opportunity to get hold of the funds they have already released to the airlines. So the airlines are barley surviving. It has gotten to the extent that they can’t pay their service agents and staff. The workers are becoming the scapegoats.

Nodding in agreement, Captain Dele Ore, president of Aviation Round Table (ART) called for swift action by the government by injecting more funds into the system, while the regulatory agency steps up its functions to ensure in the industry.

He said: “NCAA should have carried out financial audit of the airlines before now. The present situation paints a gloomy picture for the industry because nobody knows if the airlines are stable to carry on. On the part of the government, it needs to add some more grants with human face. That is the interest rates should be reduced to single digit interest rate and not the interest rate that we have now. And when the Minister alleged that the fund was misappropriated, she didn’t tell us how and when things started going wrong”

On the alleged diversion of N300 billion government grants by the airlines to personal uses by the chief executives of some of the airlines, Ore said, “And anybody indicted for diverting the money obtained in the name of a particular airline must be prosecuted to serve as deterrent to others. The problem is that a situation where everybody wants to be an MD or CEO of an airline, because they think is a money spinning sector, even without commensurate responsibility, must end. If that should continue, it means we are not ready to develop”.  


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Stakeholders Demand Stronger Governance and Infrastructure to Drive Tech Adoption @ Lagos AI Summit

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As AI adoption accelerates across Nigeria, leaders at the “AI in Action Now” conference 2026 have called for a balance between rapid innovation and strict regulatory governance. The event, held at the Lagos Oriental Hotel, highlighted both the doggedness of Nigerian builders and the risks of unregulated data usage.

Dotun Adeoye, Co-Founder of AI Nigeria, raised alarms over “Shadow AI”, a trend where employees upload sensitive official documents to public AI platforms. He praised the Nigerian Data Protection Commission (NDPC) for its recent aggressive stance, including multi-million-dollar fines against major banks and social media brands.

“Innovation without governance is dangerous. The regulator now has the job of educating players. We are working in partnership with them to ensure players don’t just get fined, but actually understand how to protect data locally rather than storing it abroad, ” Adeoye noted.

Addressing issues of lack of infrastructure to carry AI adoption, Conference Convener Debola Ibiyode admitted that while Nigeria lacks the traditional foundation for AI adoption, the tech community cannot afford to wait.

“The simple answer is we don’t have the infrastructure, but Nigeria has never really had infrastructure to drive anything, and we still thrive, ” Iboyode said, encouraging students and builders to look beyond current limitations. “Once we start to build based on what we have now, it will encourage those who need to provide the infrastructure to do their part. The world will not wait for us,” she insisted.

To bridge this gap, she highlighted the AI Foundry Africa, an incubator designed to mentor ideas into market-ready products.

Meanwhile, speaking to journalists on the sidelines, Biodun Ogunleye, the Lagos State Commissioner of Energy and Mineral Resources, echoed the sentiment that the government’s role is to facilitate the right environment through partnership. He emphasized that data generated from interactions with the government must have long-term value.

“We must ensure that in all facets from production to interaction with government, the tools required to ensure data has value are appreciated,” Ogunleye stated.

He concluded that through private-sector collaboration, the government can focus on its primary functions while leveraging AI to ensure the nation aspires for the future.


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35 Million Nigerians Face Acute Hunger in 2026, UN Warns

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About 35 million Nigerians face acute hunger risks in 2026, including three million children battling severe malnutrition, the United Nations has warned, attributing the crisis to collapsing global aid budgets and escalating violence in the northeast.

35 Million Nigerians Face Acute Hunger in 2026, UN Warns

UN Resident and Humanitarian Coordinator Mohamed Malick Fall disclosed this on Thursday during the launch of the 2026 humanitarian plan in Abuja, noting that the traditional foreign-led aid model proves unsustainable amid Nigeria’s escalating needs.

He highlighted dire conditions in Borno, Adamawa and Yobe states, where over 4,000 people perished in the first eight months of 2025 from surging suicide bombings and attacks—equalling the entire previous year’s toll.

The UN now targets $516 million to deliver lifesaving aid to 2.5 million people this year, a sharp drop from 3.6 million in 2025 and half of prior levels, forcing prioritisation of only the most critical interventions.

Fall stressed, “These are not statistics. These numbers represent lives, futures and Nigerians,” as shortfalls last year compelled the World Food Programme to halt support for over 300,000 children after resources dried up in December.

Yet, Fall acknowledged Nigeria’s increasing national ownership, including local funding for lean-season food assistance and proactive flood early-warning systems, signalling a shift toward self-reliant crisis response.


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NITDA Commits to Digital Inclusion for Persons with Disabilities

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The National Information Technology Development Agency (NITDA) has reaffirmed its commitment to inclusive digital development following the completion of a two-day digital literacy training for persons with disabilities (PWDs) in Abuja.

The programme, organised under NITDA’s Digital Literacy for All (DL4ALL) initiative, the programme trained 50 participants in practical digital skills to enhance their participation in Nigeria’s expanding digital economy.

In his remarks, the Director-General, Kashifu Inuwa CCIE, stated that the programme reflects the agency’s determination to ensure accessibility remains a core component of national digital transformation efforts.

He explained that genuine digital advancement cannot be realised without the inclusion of persons with disabilities, adding that millions of Nigerians remain constrained by limited access to accessible and inclusive digital platforms.

“In many cases, the problem is not the absence of digital tools but the lack of accessibility. Platforms that do not support assistive technologies, non-captioned content and inaccessible websites effectively shut people out and limit opportunities,” he added.

Inuwa further explained that the initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises inclusivity as a driver of national development. He stressed that persons with disabilities should be recognised as active contributors to economic growth rather than dependants.

“When equipped with the right skills and technologies, persons with disabilities become innovators, entrepreneurs and professionals who contribute meaningfully across sectors,” he added.

He acknowledged the role of Inclusive Friends Association (IFA) and SIMBED in delivering the training, describing the collaboration as a model of how government and civil society partnerships can advance inclusive development.

Highlighting NITDA’s broader digital literacy drive, the Director-General said the DL4ALL programme is a key component of the agency’s Strategic Roadmap and Action Plan, which targets 70 per cent digital literacy by 2027 and 95 per cent by 2030.

He explained that the initiative operates through three main tracks: an informal sector programme that has trained more than 480,000 Nigerians across 30 states and the Federal Capital Territory since September 2024; an education sector programme focused on embedding digital skills into learning institutions; and a workforce readiness programme designed to strengthen digital competence in both public and private sectors.

“This programme is not merely a pilot. It is proof that inclusive and intentional training works, and that persons with disabilities can excel when given equal opportunities,” Inuwa stated.

Also speaking, the Managing Director and Chief Executive Officer of SIMBED, Mr Daniel Onunkwo, described the training as a significant step towards closing the digital inclusion gap for persons with disabilities.

Onunkwo added that the initiative sends a strong message about equity and national progress, adding that SIMBED remains committed to expanding digital empowerment for persons with disabilities.

Similarly, the Executive Director of Inclusive Friends Association, Grace Jerry, represented by Tracy Agbamu, commended NITDA for demonstrating intentional leadership in promoting inclusion under the Renewed Hope Agenda.

She urged participants to continue applying the skills acquired and to serve as digital inclusion advocates within their communities.

The training programme further strengthens NITDA’s vision of building a digitally inclusive Nigeria where access to digital opportunities is determined not by physical ability but by empowerment and innovation.


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