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FIND to Discuss Development Beyond Oil

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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.


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UK Appoints Peter Vowles as British High Commissioner to Nigeria

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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.”


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Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

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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.

Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

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.


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PalmPay Joins Industry Leaders @ Digital Pay Expo 2026

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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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