News
COVID-19: Verve Launches Food Bank for Vulnerable Communities

The impact of COVID-19 so far has been huge. Humanity has been tested. Strength and resolve have been stretched thin.

Millions have lost their lives, loved ones are being missed, tons rendered jobless, communities have been subjected to adverse vulnerability and hunger. Yet again, the will to live is ever so strong, as survival is seen in the bond of community.
The Lockdown was a measure put in place to flatten the Covid-19 curve; however, it has created another major problem: hunger.
The essence of our lives, really, is the inclusiveness of our communities. The newspaper vendor, the security guard, the ‘akara’ women by the roadside, the road cleaners, the masons, the food vendors, and even the less privileged – all of these people have been adversely affected, especially since their daily incomes have invariably been abruptly cut short, consequently plunging them into extreme hunger.
Inspired to alleviate the sufferings of these vulnerable groups, while at the same time making a difference in the fight against the scourge, employees of the Interswitch Group have rallied together to voluntarily contribute various amounts from their remunerations, raising a total of N75 million in an employee-led initiative.
Their company then augmented with the sum of N230 million, bringing the funds raised towards the organization’s coronavirus response effort to a grand total of N305 million.
Part of this fund was used to set up the Verve Food Bank Initiative through which raw foodstuff were provided for this vulnerable group and the security officers who are working in the frontline to keep lives and property safe, especially in the wake of the recent security threats from hunger-induced riots and protests in some areas.
Since the company may not be able to reach out to everyone within these vulnerable groups, it decided to adopt its immediate community as the major beneficiary of its relief packages. After all, like the old saying goes: “Charity begins From home”.
So, Interswitch, in partnership with the Lagos State Feeding Program (Eti-Osa Local Government Area) and the Young President Organisation (YPO), set up four Verve Food Banks and provided raw material food items for the vulnerable women, children and families, in their immediate community in Eti-Osa Local Government Area, as well as, for the families of some security and police officers.
The Verve Food Bank event held on May 1, 2020., at the following four locations: Oko-Awo, being Interswitch’s immediate community where the company’s headquarters is located Oniru, Onikan and the Bar Beach Police Barracks. The Local Government officials, along with the traditional rulers and community leaders helped in identifying the target beneficiaries.
In the Oko-Awo community, the Verve Food Bank catered to the families, artisans and security guards who are keeping lives and property safe within the vicinity.
For the Oniru community, the attention was on the less privileged and indigent families within the community. While the Onikan Verve Food Bank catered to the artisans and menial workers within the Onikan axis, the families of the officers at the Bar Beach Police Barracks formed the last group of beneficiaries.
On the symbolic occasion of the commemoration of this year’s Workers Day, Interswitch staff demonstrated a commendable sense of community. They reached out to the “seemingly” excluded groups within their immediate environment, pulling them in to let them know they that they are not alone, assuring them that we are getting through together.
The initiative also served as an opportunity to thank the people for staying home to help keep the Covid-19 curve flat, as well as to appreciate the security officers for the risk and sacrifices they are making to ensure the peace and safety of the citizens.
Interswitch Group, along with its employees, has again shown that there is no better time to be our neighbour’s keeper, than now. They have again set a pace, worthy of emulation, and inspired others to extend little acts of kindness to those among us who have little or no means of survival, especially in these trying times.
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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