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FIND to Discuss Development Beyond Oil

Development beyond oil tops the Forum for Inclusive Nigerian Development (FIND) discussion holding in Lagos on Tuesday. The dialogue holds under the theme: “Promoting Sustained Growth and Inclusive Development of States in Nigeria”.
The event will be chaired by Prof. Akpan Ekpo, director-general, West African Institute for Financial and Economic Management (WAIFEM); speakers include Prof. Douglason Omotor, Dr. Oluyomi Ola-David and others representing development agencies in Nigeria.
FIND is a multi-stakeholder national leadership group dedicated to promoting inclusive development “beyond oil” to benefit all Nigeria’s people.
FIND’s members are a diverse and influential set of Nigerian leaders in government, business, community development, academia, media and culture. New Nigeria Foundation and the Consensus Building Institute, a U.S. based not for profit organisation, are co-conveners of FIND.
The Ford Foundation has supported the creation of FIND.
The April 12 dialogue will focus on identifying opportunities and strategies for economic and revenue growth and inclusive development in Nigeria’s states.
The dialogue aims to generate ideas to aid state governments, civil society and business leaders to diversify state economies, grow their internally generated revenue and deliver inclusive growth to their citizens by reducing vulnerabilities and ensuring sustainable economic growth for all.
The collapse of global oil price has taken its toll on the Nigerian economy. Across Nigeria, the new administration and the public have continued to deliberate on how to respond to the unrelenting dive in oil price and its impact on government revenues.
Currently, many states are unable to meet their statutory obligations and there seems to be no light at the end of the tunnel. A few states have partially been able to offset the fall in Federal oil revenue transfers by increasing their Internally Generated Revenue (IGR).
Today, there is an urgent need for economic diversification and inclusive growth in the states, based on participatory governance of state economies.
One key starting point is participatory development of state strategies to create a virtuous circle of inclusive growth, expansion of IGR, and investment of state revenues in quality services and infrastructure that in turn contribute to further inclusive growth. Leaders in government, business and civil society can learn important lessons by examining what has been tried, what has worked and what has not in states’ efforts to create inclusive growth and build up their IGR, and by exploring new approaches that create mutual commitment and accountability among state governments, civil society and business.
The Dialogue will provide an opportunity for participants to assess what states have been doing to promote inclusive growth, identify lessons learned, and develop new ideas for states to test. Expected at the dialogue session are representatives of states’ economic management teams, development agencies, financial services sector, economists, the private sector, FIND, civil society organizations (CSOs), professional bodies, and members of the general public. State government officials will have the opportunity to share experience and respond to questions.
The Dialogue will produce a report that can be shared with state and national leaders, and opportunities for participants to take lessons and new ideas and put them into practice, with FIND’s support where it can be useful.
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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