Connect with us

General News

FG Targets 40% GDP Growth by 2030 Through AfCFTA

Published

on

Kindly share this post

The Federal Government has set an audacious target of achieving 40 percent growth in Nigeria’s Gross Domestic Product (GDP) by 2030, leveraging the African Continental Free Trade Area (AfCFTA) to expand exports, attract investments and boost industrial productivity across key sectors.

This comes as the government steps up efforts to fully tap into the opportunities offered by the African Continental Free Trade Area (AfCFTA), with renewed emphasis on strengthening the technical capacity of trade institutions and private-sector players to drive effective implementation and position Nigeria as a major force in intra-African trade.

The National Coordinator of the Nigeria AfCFTA Coordination Office, Mr. Olusegun Awolowo, said the government has stepped up implementation through an advanced training initiative on the Rules of Origin, a vital component that determines goods’ eligibility for preferential treatment under AfCFTA.

According to him, the initiative is part of a strategic partnership with the World Customs Organisation (WCO) under the EU-WCO Rules of Origin for Africa Programme and is being facilitated by the Nigeria Customs Service, led by Comptroller-General Adewale Adeniyi.

He noted that the training reflects the Tinubu administration’s determination to make AfCFTA work for Nigerian manufacturers, exporters, and service providers.

“The renewed effort prioritises economic diversification, industrial expansion and regional integration. Effective implementation of AfCFTA could increase Nigeria’s GDP by as much as 40 per cent by 2030 if the right structures and human capacity are developed.

“In line with President Tinubu’s mandate, we are driving AfCFTA implementation through targeted capacity building for businesses and developing a new cadre of experts who understand the practical application of the AfCFTA Rules of Origin.

“This initiative forms part of a nationwide intervention aimed at demystifying AfCFTA instruments for Nigerian enterprises and ensuring that our private-sector players can compete effectively within Africa’s single market,” he explained.

He added that the programme aims to empower Nigerian enterprises to master product-specific rules, enhance compliance with trade requirements, and gain greater access to markets across the continent.

Awolowo said that without building local expertise, other African countries could benefit more from AfCFTA than Nigeria.

He said the Coordination Office is working closely with the Customs Service and the private sector to ensure local businesses are not left behind as Africa moves toward a borderless trade environment.

Also speaking, a representative of the WCO, Faith Mathenge, highlighted the importance of human capital development in unlocking AfCFTA’s full potential.

She said the WCO and the European Union are providing technical assistance and continuous training to bridge knowledge gaps in Rules of Origin and customs procedures.

Mathenge noted that the EU-WCO Programme aims to enhance the capacity of customs administrations and private operators to implement AfCFTA efficiently.

She said Nigeria’s active participation demonstrates its commitment to regional trade integration and competitiveness.

“The EU-WCO Origin for Africa Programme is fully committed to supporting the Nigeria AfCFTA Coordination Office and its stakeholders. We will continue to provide technical assistance, knowledge exchange, and institutional support to ensure that Nigeria maximises AfCFTA’s immense opportunities,” she said.

Representing the National Coordinator, Mr. Olusegun Olutayo, a senior trade expert, reaffirmed that a deeper understanding of Rules of Origin would help local industries reduce dependence on imports, expand production, and compete favourably in the continental market.

He emphasised that Nigeria’s vast population and industrial potential give it a natural advantage in AfCFTA, provided its human and institutional capacities are well developed.


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

General News

PalmPay Strengthens Data Protection Culture with Employee Privacy Workshop and Privacy Champions Programme

Published

on

Kindly share this post

PalmPay has reinforced its commitment to responsible data governance and customer information protection through a specialised two-day data protection workshop for employees and the launch of its internal Privacy Champions Programme, an initiative designed to strengthen awareness, accountability, and responsible data handling across the organisation.

The initiative comes at a time when data protection is increasingly critical following recent reports of recorded 281,500 compromised user accounts in the first quarter of 2026, ranking 34th among the world’s most breached countries, according to a new quarterly data breach analysis by cybersecurity firm, Surfshark.

Facilitated by the Nigeria Data Protection Commission (NDPC) and leading Data Protection Compliance Organisation (DPCO) TechHive Advisory, the two-day workshop equipped employees with practical knowledge on privacy governance and data protection obligations, incident awareness, and the role each employee plays in protecting personal data.

The initiative forms part of  PalmPay’s ongoing efforts to   advance compliance with the Nigeria Data Protection Act (NDPA) 2023. It also reflects the company’s continued investment in safeguarding customer information and fostering a culture where privacy remains everyone’s responsibility.

The Privacy Champions Programme establishes a network of employee representatives across business functions who will support awareness, promote best practices and help strengthen the organisation’s privacy culture. By integrating privacy considerations into day-to–day activities the initiative aims to further enhance accountability and reinforces customer trust.

Speaking on the initiative, Managing Director of PalmPay, Chika Nwosu, stated: “At PalmPay, protecting customer information is fundamental to maintaining the trust our customers place in us everyday, and remains central to our operations. Statistically, 10 out of 100 Nigerians have been affected by data breaches.

Hence, we have a greater responsibility to ensure that personal information is collected, processed, stored, and protected responsibly. This specialised training reflects our continued investment in strengthening internal awareness and ensuring our teams remain equipped to uphold the highest standards of data privacy and protection.”

As a digital financial services platform serving millions of users, PalmPay reaffirmed that privacy and data protection remain embedded in its operational culture, with continuous investments in data governance practices.

PalmPay also encourages customers to remain vigilant and adopt safe digital practices, including protecting account credentials, exercising caution when sharing personal information online, and reporting suspicious activities promptly. The company maintains that building a secure digital ecosystem requires a shared commitment from organisations, regulators, and users alike.


Kindly share this post
Continue Reading

General News

Tinubu appoints Adigwe to head National Health Technology, Data Analytics Office

Published

on

Kindly share this post

President Bola Tinubu has appointed Dr Obi Adigwe as the National Coordinator of the newly established National Health Technology and Data Analytics Office (NHTDAO).

Tinubu appoints Adigwe to head National Health Technology, Data Analytics Office

President Bola Tinubu

The appointment was announced in a statement issued on Friday.

The office, which will be domiciled in the Office of the Coordinating Minister of Health and Social Welfare, is expected to serve as the national coordination platform for Nigeria’s digital health system.

According to the statement, the NHTDAO will complement the work of existing health institutions by promoting coordination and interoperability across public and private healthcare systems, rather than replacing existing agencies.

It said the office would also drive the implementation of the National Digital Health Architecture approved by the National Council on Health in November 2025.

The statement said the initiative formed part of the Federal Government’s efforts to strengthen a secure, technology-driven and data-enabled healthcare system capable of improving service delivery nationwide.

Adigwe, who currently serves as the Director-General of the National Institute for Pharmaceutical Research and Development (NIPRD), has led several initiatives in science, pharmaceutical research, technology transfer and artificial intelligence.

He also coordinated major research funding initiatives, including a ¥300 million nanotechnology grant and an €18 million European Union research grant, while supporting the establishment of Africa’s first Active Pharmaceutical Ingredient (API) training facility through support from Afreximbank.

The statement said the new office would be guided by a steering committee co-chaired by the Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate, and the Chairman of the Nigerian Economic Summit Group, Mr Olaniyi Yusuf.

Other members of the committee include the Minister of State for Health, Dr Iziaq Adekunle Salako; senior officials of the Federal Ministry of Health and Social Welfare; representatives of the National Information Technology Development Agency (NITDA); and heads of key health agencies, including the National Primary Health Care Development Agency (NPHCDA) and the National Health Insurance Authority (NHIA).

The committee will also include representatives of state commissioners for health from the six geopolitical zones, as well as industry and community stakeholders.

The Federal Government expressed optimism that the office would strengthen coordination across the health sector, accelerate digital transformation and improve healthcare delivery in line with the Renewed Hope Agenda.


Kindly share this post
Continue Reading

General News

The Gathering on 100 Awards N5m to Young Entrepreneurs in Enugu

Published

on

Kindly share this post

The Gathering on 100 made its latest stop in Enugu over the weekend, bringing together hundreds of young Nigerians for a day of networking, fun, entertainment, and business opportunities.

The Gathering on 100 Awards ₦5 Million to Young Entrepreneurs in Enugu

The event, previously held in Lagos and Aba, arrived in Enugu as the city gains recognition as one of Nigeria’s emerging innovation and startup hubs. Recent ecosystem reports rank Enugu among the country’s leading startup cities. The South-East region now accounts for more than half of identified startups across the South-East and South-South, highlighting the region’s growing role in Nigeria’s entrepreneurial landscape.

A major highlight of the Enugu edition was the Pitch-a-thon competition, where three entrepreneurs received a combined ₦5 million in grants to support their business growth. More than 100 entrepreneurs applied for the competition, with 10 finalists selected to pitch before a panel of judges. At the end of the contest, Velas Global Nutrition Limited emerged as the overall winner, securing ₦2.5 million. Werxio, founded by Donatus Prince, received ₦1.5 million, while Whipcare Company was awarded ₦1 million.

These grants address a persistent funding challenge. According to the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), the country is home to over 39 million MSMEs, contributing nearly half of Nigeria’s Gross Domestic Product and accounting for about 84 per cent of employment nationwide. Despite this, access to finance remains a significant obstacle to business growth.

For Chizoba Osuji, founder of Velas Global Nutrition Limited, the funding facilitates the expansion of a business built on years of research. Her company processes indigenous crops into shelf-stable blends, supporting nutrition and local women smallholder farmers. “This is motivation to keep making Nigerians healthier through better food,” she remarked, noting the grant will fund semi-automated equipment to increase production capacity to 20 tonnes monthly.

She added that the ₦2.5 million grant would be used to acquire semi-automated equipment capable of increasing production capacity to about 20 tonnes monthly. Beyond increasing output, the expansion is expected to create additional opportunities for women smallholder farmers across the South-East who supply many of the raw materials used by the company.

Speaking on the initiative, MTN’s Regional General Manager (Sales), Callima Inino, represented by Peter Kajovo, said The Gathering on 100 was designed to provide young Nigerians with platforms to connect, learn, showcase their talents and access opportunities that can help them grow.“We want to encourage youths to live their best lives and have fuller expressions of themselves,” he said.

As the Enugu edition concludes, the energy of the South-East’s startup scene remains evident. The Gathering on 100 continues its nationwide tour, connecting more young founders with the visibility and support they need. Stay tuned to discover where the tour will land next as it moves to its next exciting location.


Kindly share this post
Continue Reading

Trending