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Etisalat Prize for Innovation Announces 2016 Call for Entries

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Etisalat, Nigeria’s most innovative telecommunications company, has announced call for entries for the 2016 edition of Etisalat Prize for Innovation. Launched in 2012, the Prize is designed to reward innovations that can promote mobile broadband utilisation in Nigeria and Africa at large.

Like in previous editions, the 2016 edition will be awarded in two categories: Most Innovative Product/Service category and Most Innovative Idea category.

The first prize of =N=5,000,000 will be awarded for the most innovative product or service launched in the last 12 months, with a second prize of =N=2,000,000 awarded for the most innovative idea. In addition to the cash prizes, both winners and the other top 10 finalists will receive training at the Enterprise Development Centre of the Pan Atlantic University, Lagos.

Making the announcement, Matthew Willsher, chief executive officer, Etisalat Nigeria, said the Etisalat Prize for Innovation is aimed at encouraging and celebrating valuable innovation in the Nigerian market.

According to him, the Prize is not only a reflection of the character of Etisalat in promoting and nurturing talent, but also a further proof of the brand’s commitment to supporting innovative ideas. As the Nigerian telecoms market witnesses the increasing migration of smartphones and mobile broadband networks, the 2016 edition of the Etisalat Prize for Innovation aims to extend the conversation on the revolutionary impact of innovation and technology as it addresses social challenges the country.

“Innovation is in our DNA, and as such supporting and promoting innovation is something that comes naturally to Etisalat. Since inception, our core business strategy has been based on innovation supported by three other basic elements, and this can be seen in all the products and services launched on our network” he said. 

Willsher further restated Etisalat Nigeria’s commitment to supporting government’s drive to engender and promote mobile broadband penetration in Nigeria, and expressed confidence that the Etisalat Prize for Innovation will go a long way in meeting this objective.

Entries for this year’s edition is open till September 9, 2016 and can be submitted at prizeforinnovation.etisalat.com.ng, while winners will be announced in November 2016.

Willsher explained that winners in previous editions of the Etisalat Prize for Innovation have gone ahead to excel in their various fields.

“Adebayo Adegbembo, developer of Genni Games who won in the Most Innovative Product/Service category in 2013, has expanded the scope of the product by adding more apps to his portfolio and integrating Genni Games with the Etisalat Games Portal.

Adegbembo has held exhibitions in the UK, Germany, USA, South-Africa and Brazil and now organises Digital Storytelling Workshops for primary school children in Lagos and Johannesburg.”

“Anthony Oniwon, developer of Exammate and winner in the Most Innovative Product/Service category in 2014 has also done very well since receiving the Prize.

He has developed an SSCE version of Exammate which previously focused on JAMB Examinations and is currently developing a new line of products for much younger children.” Willsher said.

 

 
 


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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%

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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

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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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