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FG Lauds Shittu, Pantami as 81Techpreneurs Get N756.3m

Federal government has applauded the roles played by Adebayo Shittu, minister of Communications and Dr. Isa Pantami, director general of National Information Technology Development Agency (NITDA) for their roles during the Aso Villa Demo Day (AVDD) 2016.
Similarly, the FG disclosed the approval of N756.3 million for disbursement to 81 young Nigerian innovators as part of the government’s economic empowerment initiatives.
Professor Yemi Osibanjo, Vice President of Nigeria, disclosed this during the grant award ceremony on Tuesday in Abuja, stated that the journey of the empowerment initiative started last year as part of government efforts to positioning Nigeria and Nigerians to take advantage of the opportunities in Technology to provide local solutions to local problems.
He noted that, “today with the injection of over N750 million naira into 81 Tech SMEs in the country, I want to thank the Minister of Trade and Investment for his support and provision of these funds via the GEM project domiciled in his ministry”.
“I also want to thank the Minister of Communications for the role he played, and the leadership he provided through the National Information Technology Development Agency (NITDA) during the Aso Villa Demo Day (AVDD) 2016.”
The Vice President stated that the participants at the AVDD have shown that the future is bright for Nigerian technology.
“One of the participants, Ifedayo Oladapo, is the founder of Grit Systems, an internet-enabled technology that offers a simple way to quantify power consumption from multiple power sources, letting Nigerians make informed data driven decisions about power consumption.
Another participant, Dimgba Kalu, a 28-year old Nigerian, runs a venture that trains software engineers and deploys them to businesses. These are clear indications that we are on the right path” he said.
Osibanjo stated that at the AVDD finale, Mr President welcomed the top 30 participants in the State House.
“I also attended the ceremony thereafter in the company of the Facebook CEO Mark Zuckerberg. At that event, we listened to Iyin Aboyeji’s take on growing local Tech companies, Iyin is one of Nigeria’s shining stars and the founder of Andela – a Tech Training firm and Mark Zuckerberg’s first big investment in Africa with an investment of $24 million by the Mark Zuckerberg and Priscilla Chan Foundation”.
“Today, with government’s first major investment in Technology Start-Up companies, I am confident that we have started the journey to building many more Andelas, Yusufs and Venture Garden Groups. Congratulations to all the grantees and I wish you the best in your endeavors.”
According to the Vice President, “The GEM-AVDD partnership demonstrates Government commitment to celebrate and empower the most promising and highly scalable indigenous technology start-ups who are providing innovative solutions to local challenges in Nigeria” he stated.
On his part, Okechukwu Enelamah, minister of Industry, Trade and Investment, stated that the grant is made possible through the Growth and Employment Project (GEM) financed by the World Bank IDA Credit.
He noted that the young innovators were selected following a rigorous technological innovation competition organized by the Presidency called Aso Villa Demo Day, which targets young Nigerian entrepreneurs with innovative business models that could contribute to the growth of the economy.
According to him, “having awarded grants to the best three innovators that emerged winners from the 2016 AVDD national competition, the Presidency engaged GEM to scale up the programme for wider impact”.
“GEM-AVDD Project invited business plan submissions from 289 shortlisted candidates that participated in the regional AVDD pitch screening events that took place in Lagos, Port-Harcourt and Abuja in 2016. After a rigorous evaluation process, 81 of these candidates met all required eligibility and selection criteria and were selected as beneficiaries” Enalamah said.
The Minister said the beneficiaries were drawn from the six geo-political zones based on registrations to date on GEM’s Business Innovation and Growth (BIG) portal and the grants will be disbursed in two separate tranches, after the grant award.
“GEM is about igniting businesses and building their capacity to grow and employ Nigerians. Above all, it helps solve the problem of funding faced by many of our MSMEs” Enelamah noted.
Andrew Gartside, representing the World Bank country Director to Nigeria, said that the country needed to create jobs through the Small and Medium Enterprises as way of ensuring inclusive economic growth.
“If the economy of Nigeria is to grow and the desired diversification of the FG must succeed, the SMEs will have to grow and succeed to harness the economy” he noted.
The GEM Project is a $160m World Bank IDA Credit with a Project Implementation Unit at the Federal Ministry of Industry, Trade and Investment. The Project Development Objective is to increase growth and employment in participating firms in Nigeria through provision of technical assistance and grants to qualified existing firms/businesses across Nigeria, operating in five high growth sectors namely: Information and Communication Technology (ICT), Hospitality, Entertainment, Light Manufacturing, and Construction.
Over the life of the grant, the GEM Project would verify the achievement of set milestones by beneficiaries and monitor project progress as condition for the second disbursement. Impact evaluation surveys would also be conducted subsequently.
News
UK Appoints Peter Vowles as British High Commissioner to Nigeria

The UK Government has announced the appointment of Mr Peter Vowles as the next British High Commissioner to the Federal Republic of Nigeria.

Mr Vowles succeeds Dr Richard Montgomery CMG and is expected to take up his post in Abuja in September 2026. Dr Montgomery remains in post until that time.
Mr Vowles brings extensive diplomatic and development experience to the role, having served as His Majesty’s Ambassador to Zimbabwe from 2023 to 2026 and previously as Ambassador to Myanmar from 2021 to 2022.
He has held senior leadership positions across the FCDO and its predecessor department DFID, including as Transformation Director and Director for Asia, Caribbean and Overseas Territories.
Earlier in his career, Mr Vowles worked in international development across South Asia, Central Africa and East Africa, including postings in Bangladesh, India, the Democratic Republic of Congo and Kenya. He began his career in Zimbabwe, where he worked in education and development.
Peter Vowles said: “I am honoured to be appointed as British High Commissioner to Nigeria. Nigeria is a country of immense importance to the United Kingdom, and I look forward to working closely with Nigerian partners to strengthen our relationship across trade, development and security.”
News
Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

World Bank has ranked the Apapa and Tin Can Island Port complexes in Lagos among the world’s 20 most improved ports in its 2025 Container Port Performance Index (CPPI), released in June 2026.

The ranking places both ports in the “Top 20 Port Improvement Since 2020” category, reflecting significant gains in operational efficiency and vessel turnaround time.
The CPPI is a global benchmark used to assess the efficiency of container ports based on factors such as cargo handling speed, ship turnaround time and overall logistics performance.
According to the report, the improvement highlights ongoing reforms and modernization efforts within Nigeria’s maritime sector.
The Managing Director of the Nigerian Ports Authority (NPA), Mr Abubakar Dantsoho, attributed the recognition to ongoing policy reforms and infrastructure upgrades in the sector.
He said the development reflects the impact of economic policies of President Bola Tinubu and the support of the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola.
“With the investor-friendly policies of President Bola Ahmed Tinubu providing the impetus for increased investment to drive our port infrastructure and equipment modernisation programme, coupled with the unflinching support of the Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola, we have all it takes to further enhance trade facilitation, improve competitiveness and boost the national economy,” he said.
The NPA said the recognition is expected to strengthen investor confidence in Nigeria’s maritime sector and enhance the country’s position as a regional trade and logistics hub.
It noted that improvements in port operations are already contributing to increased efficiency in cargo movement and reduced delays at key terminals.
The authority also pointed to ongoing efforts to modernise port infrastructure and expand digital systems aimed at improving service delivery.
Earlier in February 2026, the NPA said the federal government had intensified efforts to position Nigeria as a leading maritime destination through port rehabilitation and modernization projects.
It also highlighted public-private partnership initiatives, including developments at the Lekki Deep Sea Port, as part of broader reforms aimed at improving efficiency and attracting investment.
The CPPI ranking is expected to further boost Nigeria’s maritime profile and encourage additional investment in the sector.
News
PalmPay Joins Industry Leaders @ Digital Pay Expo 2026

As digital payment adoption continues to grow across Nigeria and emerging markets, the next phase will depend not just on innovation, but on the strength, reliability, and trustworthiness of the infrastructure behind it.

While the ecosystem has made clear progress in recent years, trust remains a critical issue for users, businesses, and operators alike. Questions around resilience, security, interoperability and transaction reliability continue to shape how the market evolves and how confidently digital payments can scale.
These issues will be central to the deliberations at Digital Pay Expo 2026, where fintech leaders, payment operators, and other ecosystem stakeholders will gather under the theme, “Seamless Digital: Fostering Pan-African Market Expansion in the Era of AI.”
PalmPay’s participation reflects its continued commitment to building trusted and scalable payment infrastructure, while contributing to the broader industry efforts to strengthen systems, standards, and partnerships needed to support long-term ecosystem growth.
Speaking ahead of the event, Olorunfemi Hanson, Head of Marketing and Communications at PalmPay Nigeria, said: “As the financial services ecosystem continues to grow, trust and reliability become even more important.
“The industry’s next phase will be shaped not only by innovation, but by the strength of the infrastructure supporting it. Digital Pay Expo provides an important platform to address the resilience, interoperability, and trust issues that will shape the future of digital payments growth across Africa.”
The event, scheduled to be held from the 17th to the 18th of June, 2026, will feature Chika Nwosu, Managing Director of PalmPay Nigeria, alongside other distinguished guests, including the Director-General, Payment System Management Department (PSMD), Central Bank of Nigeria. The event will examine how the industry can balance innovation, regulation, and scalability while strengthening trust across the digital payments value chain.
For PalmPay, this event reinforces its role in supporting a more resilient, secure and scalable payments ecosystem for Nigeria and emerging markets more broadly.
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