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Bellafricana’s ACE 2017 Advocates ‘Made-In-Nigeria’ Patronage

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Bukky Asehinde, founder, Bellafricana
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In continuation of the role it plays in the Nigerian economy by helping as many quality creative small businesses be at the forefront of the market, Bellafricana.com has also launched African Creative Exhibition and Awards (ACE Awards) to encourage those engaged in creating richer platforms.

The Founder, Bukky Asehinde, wonders, “Why should we wait on financial backing from the government and big institutions to help this industry? When we can create a platform to connect these Afrocentric businesses, they are maximising raw materials in Nigeria (Africa), providing employment for local talents within the country and creating wealth for the Nation”.

According to her, young people shouldn’t be in the business of waiting for the government to fix every hole in the economy rather take-up creative and innovative ideas to make the economy even better.

“There has been a rise in the number of Afrocentric (made in Nigeria, Africa) brands that have great quality with little or no financing from both the government and bigger institutions. Bellafricana, an initiative with a focus on Made-in-Nigeria Non-oil products development where customers and suppliers engage and transact, aims to bridge the buyer-seller gap and create a wider outreach for Nigerian (African) products locally & globally,” she said.

Bukky Asehinde said that she aims to help creative Afrocentric businesses in Africa understand the business of a creative hence she created a platform to enable creative MSMEs thrive, whilst doing all it takes to bring the quality products to the forefront of the market.

“I so much believe that a support group/community for these businesses will enhance the Non-oil export in the Nigerian economy. Under a year, Bellafricana has over 200 Creative businesses subscribed to her platform and over 50 verified businesses. Research shows that about 52% of all small businesses in Nigeria are home-based, as you may already know, the growth of any Nation is dependent on the small businesses. What better way to connect these small businesses to their consumers than online?

“You must agree with her that Nigeria is an import driven nation and if we are looking to diversify and become an export driven nation, it starts from MSMEs. They are  creating jobs and empowering local talents”, she explained.

In her quest to bring as many quality Made-in-Nigeria (Africa) brands to the forefront of the market, Bukky has put together an initiative to Celebrate Small Creative Businesses with the aim of encouraging more talents in Nigeria (Africa) to look inwards, be original and create more globally acceptable brands.

An initiative called African Creative Exhibition and Awards (termed ACE Awards), backed by the Nigerian Export Promotion Council and endorsed by Nigerian-British Chamber of Commerce, Nigerian-American Chamber of Commerce, Lagos Chamber of Commerce and Industry and Nigeria-Britain Association.

The first of its kind in Nigeria (Africa), taking place on the 17th of April, 2017 (Easter Monday), a 3 phase event; Conference, Exhibition and Awards Gala. Both the Exhibition and the Conference will be held concurrently and the Awards will be held in a dinner gala to close the event.

“The watch word at Bellafricana is Quality, to this effect; the organisers of the Bellafricana ACE Awards have assured the availability of top quality creative Afrocentric businesses to exhibit. You will be able to access a wide variety of discounted quality made in Nigeria products all under one roof in these 6 focus categories; Arts & Crafts, Fashion, Health & Beauty, Home & Living, Food Produce & Snacks and Technology related products.

During the conference themed: ‘Practical Steps to taking your business Global’, keynote speaker: Mr Olusegun Awolowo, CEO, Nigerian Export Promotion Council, will take the participants round the business sphere which will help them take critical decisions.

Others scheduled to speak at the Conference include: Marketing Your Creative Business Globally – Tobi Asehinde (CEO Vibe Web Solutions); How to Monetize your Creative Idea – Lola Coker-Esu (An International Speaker, CEO Lola Tips); Branding that speaks for you – MrLanreAdisa (CEO Noah’s Ark); Taking Your Non-Oil Export Global (Export) – Ms. Sade Bembatoum-Young (CEO African Sustainable SME Export Trade Solutions); Sustainability and Succession Planning for Creative Businesses – Mrs Toki Mabogunje (CEO TMC & Co)

She further said that ACE awards themed: ‘Celebrating Creativity and Innovation’ has opened for nominations in various categories and Award competition through event.

“Bellafricana is always finding ways to help both budding and established creatives to harness the resources available to build their businesses stronger.

To this end, the conference will feature enlightening and engaging talks from renowned business men and women who have quality experience in these fields;

Voting is currently ongoing for the awards and ends on April 5. The categories include: Best Indigenous Textile Designer; Best Emerging Beauty Brand; Best Emerging Fashion Brand; Best Creative Solution (ICT); Best Supportive Made-in-Nigeria Celebrity of the Year; Best Eco-friendly Product Innovation; Best Innovative Product of the Year; Best Pioneer Craftsman/woman of the Year (Over 10 years) and Best Food Produce Innovation.

Others are Best Creative Kid Entepreneur; Best Creative Social Enterprise of the Year; Best Creative Kids Brand; Best Emerging Artist; Best Emerging Home & Lifestyle Brand and Best emerging African Brand.


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New Horizons Invests N50m to Empower Almajiris with Skills

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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.


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IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

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International Monetary Fund has upgraded Nigeria’s 2026 economic growth projection to 4.4 per cent, reflecting improved macroeconomic stability and sustained reforms.

IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

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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Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

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Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s crude oil production, excluding condensate, dropped by 0.7 per cent to 1.486 million barrels per day (mbpd) in November 2025 from 1.496 mbpd in October.

Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

OPEC

The figure, drawn from secondary sources in OPEC’s December 2025 Monthly Oil Market Report, fell short of Nigeria’s 1.5 mbpd quota. Direct communication data showed output at 1.436 mbpd, up from October’s 1.401 mbpd, but still below target.

Nigeria produces around 196,028 bpd of condensate, excluded from quota calculations per Nigerian Upstream Petroleum Regulatory Commission figures. Year-on-year, November’s output marked a slight gain over 1.417 mbpd in November 2024.

Expert Cites Insecurity, Governance Gaps

Petroleum economics expert Wumi Iledare described the quota miss as unsurprising, blaming persistent insecurity, an ageing oil basin lacking new finds, and unoffered hydrocarbon blocks. Governance shortcomings and policy uncertainty further erode investor confidence, he noted.

Selective implementation of the Petroleum Industry Act worsens the situation, with Nigeria needing a single authoritative leader for the sector rather than multiple proxies, Mr Iledare stressed. The country has struggled to consistently hit OPEC targets for years.


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