General News
FG Promises to Handover 10 Power Plans in June 2014
Bureau of Public Enterprise (BPE), currently on road show in Hong Kong in conjunction with the Niger Delta Power Holding Company (NDPHC), marketing 10 power plants worth in excess of $8 billion to potential investors has promised the plants would be handed over to successful bidders in June 2014.
Benjamin Ezra Dikki, the Director General of BPE, stated this at an interactive session with prospective investors in Hong Kong on Thursday.
He emphasized that the deadline for the submission of Expressions of Interest (EOIs) remains July 19 as contained in media advertisements, adding with a caveat that the date will not be extended.
Briefing investors on other investment opportunities available in Nigeria, the BPE boss noted that there currently exists a deficit of about 17 million housing units in the country which provides a great opportunity for investors.
He said the BPE and Federal Ministry of Housing and Urban Development is collaborating with other key government agencies to propose the right policies and legal and regulatory framework that will attract private sector participation in the sector.
Dikki added that the general framework of President Goodluck Jonathan’s ‘Transformation and Reform Agenda’ is to create an enabling atmosphere for the private sector to bring in capital to facilitate national development.
James Olotu, managing director of NDPHC, in remarks, told the potential investors that the three tiers of government in Nigeria, who jointly own the 10 power plant shares have approved that the expected proceeds from the privatisation process be ploughed back into the development of more energy infrastructure in the country.
He explained that emphasis would be placed on strengthening the transmission infrastructure and the construction of additional three 600-3000mw hydro power plants.
Chigbo Anichebe, head of public communications of BPE told Nigeria CommunicationsWeek that the 4-city investment road show kicked off in Lagos (June 4-5, 2013) before moving to London from June 12-13.
The Hong Kong leg which started on June 19 was concluded on June 20. It is expected to be rounded-off with the final leg of the tour in New York, United States from June 26-27.
General News
FG Launches NERD to Combat Certificate Fraud

Federal government has taken a significant step to enhance the integrity of Nigeria’s education system by deploying the Nigeria Education Repository and Data Bank (NERD), a national digital platform that secures, digitizes, and authenticates academic records across all tertiary institutions.

Forgery
Maruf Tunji Alausa, minister of Education, unveiled the initiative during the National Capacity Building Programme for institutional representatives, underscoring NERD’s importance as a critical national infrastructure for safeguarding academic credentials and strengthening education data governance.
“NERD is essential to our reform agenda under the leadership of President Bola Ahmed Tinubu,” Alausa stated.
“It ensures reliable digital preservation and verification of academic records, which is vital for maintaining the credibility of our education system.”
According to Alausa, in the brief span of four months since its implementation, NERD has made remarkable progress, successfully preserving nearly 100,000 digital student submissions and integrating over 250 tertiary institutions.
The platform has also enrolled more than 133,000 students and 6,800 lecturers, significantly enhancing the academic record-keeping process.
Alausa highlighted that the initiative is a proactive measure against certificate fraud, noting recent investigations that revealed cases involving fraudulent foreign credentials procured from unaccredited institutions.
This underscores the urgency of protecting the integrity of academic qualifications in Nigeria.
Furthermore, the Ministry announced that participation in the NERD system will soon become a prerequisite for either participation in or exemption from the National Youth Service Corps scheme, reinforcing the initiative’s impact on the educational landscape.
The Federal Government remains committed to building a transparent, digitally verifiable, and globally respected education system, ensuring that the integrity of academic records is upheld across the nation.
General News
Goodnews Naija Launches ‘Building in Nigeria’ Series on Entrepreneurs, Real Sector Builders

Goodnews Naija Podcast, a digital platform dedicated to highlighting positive, uplifting stories and innovations from Nigeria, has launched Building in Nigeria, a documentary-style series aimed at spotlighting entrepreneurs and businesses contributing to economic activity and job creation across the country.

The series explores the realities of running and scaling businesses in Nigeria, featuring founders, operators, and innovators across sectors including manufacturing, services, agriculture, and sustainability.
Through interviews and on-ground visuals from workshops, markets, factories, and small offices, the programme examines the operational discipline, challenges, and execution processes required to build viable enterprises in a complex business environment.
Damilola Kehinde, host of the series, said the programme focuses on entrepreneurs whose contributions to economic progress often receive limited visibility.
According to the producer, Memunat Oladepo, the series seeks to move beyond surface narratives by providing practical insights into how Nigerian businesses are started, sustained, and grown despite infrastructure gaps, funding constraints, and market volatility.
The organisers said Building in Nigeria is targeted at entrepreneurs, investors, and policy-interested audiences seeking grounded perspectives on enterprise development in the country.
The first season is scheduled to premiere on March 11, 2026, across Goodnews Naija’s YouTube channel, social media platforms, and podcast platforms, where it recorded over 24 hours of viewership within the first day of release.
General News
FCCPC Bans Lagos ‘No Refund’ Policy, Vows Fines and Shutdowns for Traders

Federal Competition and Consumer Protection Commission (FCCPC) has warned Lagos traders against enforcing the unlawful “no return, no refund” policy, declaring it illegal under the Federal Competition and Consumer Protection Act (FCCPA) 2018.

FCCPC
Dr Olubunmi Otti, FCCPC Southwest Zonal Coordinator, issued the directive during the inauguration of new executives of the Phone and Allied Products Dealers Association (PAPDA) on Wednesday, stressing consumer education as the strongest defence against market exploitation.
“There is no such thing as ‘no return, no refund’. If a product does not fulfil its intended purpose, the consumer has the right to return it,” Otti declared, adding the commission mediates complaints for refunds, replacements, or exchanges.
Non-compliant businesses face fines, product withdrawals, seizures, prosecutions, or shutdowns. Otti noted thousands of monthly complaints via the FCCPC portal in the Southwest alone, with sensitisation expanding to Alaba Market and Trade Fair Complex.
She urged consumers: “When your rights are violated, do not just say, ‘You give it to God.’ Bring your complaints to the FCCPC. The law empowers us to protect you,” while calling for traders’ collective responsibility to ensure quality products and services.
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