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Four Firms Raise ‘Techpreneurs’ Through DevCon Alpha

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Representatives of Microsoft, Verve, Nokia and Mobile Monday (MoMo) during the announcement of DevCon for Developers and Designers in Nigeria held in Lagos on Monday.
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Verve International, leading e-payment solution provider in Nigeria, Microsoft, renowned software company, Nokia, smarphone manufacturers and Mobile Monday, a mobile solution developing company have joined hands in a quest to raise technology entrepreneurs (Techpreneurs).

In the Mobile Monday Nigeria developer contest tagged “DevCon Alpha: Build with Verve – Windows Phone 8 and Windows 8 Edition”, a developer can win over $200,000 in Marketing and Prizes by participating in the contest.

Speaking to Nigeria CommunicationsWeek immediately the competition was unveiled in Lagos on Monday, Oremeyi Akah, country manager, Verve International, said that the Company was attracted to the contest following its quest to redefine software market while alleviate the sufferings of developers in Nigeria.

She said: “Verve is home grown and our participation and motivation in the context are very clear. The entrepreneurial spirit in Nigeria is very strong, especially in the developers’ community. We want to encourage, support and help them attain the heights they envisaged. Verve as a leader in payment solutions we are bringing that aural into the developers’ community.

“People have fantastic apps coupled with a lot of efforts, but they are not commercialized. That implies, they cannot grow their businesses or contribute to the growth of the country’s economy. At the same time, the CBN is trying to push the cashless policy, we are coming in to support that. Their efforts will not be in vein again as they can compete internationally while solving local demands”.

The country manager added that Verve views the programme as a win-win for all the parties involved and the nation will have greater testimony to show for it.     

Also speaking, Tomi Davies, chairman, Mobile Monday Nigeria, said that, DevCon Alpha competition was launched out of concern that the Nigerian software market and the other sectors need to be saved from foreign strangulations.

He said that upping the market value will make it more attractive to the developers.   

Davies said: “We are concerned that some foreign brands and platform are taking over the system in Nigeria; companies from Germany, US, UK, etc. but the people who attended this event today (Monday) are Nigerians who are looking for opportunities to develop the market. That is why Mobile Monday (MoMo) has partnered with Microsoft and Nokia.

Most importantly, we have seen that the big sponsor is Verve; it is a home grown e-payment company. That is why this is very important to us. We need as many Nigerian developers and designers to be part of this competition. Just like Nokia promised, even you do not win they will still promote you provided the software solves local needs. We need icons or role models that will spur the minds of others. Everybody talks about IrokoTv; we want 200 to 300 like of IrokoTv. We know that there is money to be made in mobile software development.

 “Meanwhile, it is not about the $300,000 that will be made by a developer rather we want to train young people that can develop apps that the whole world can assess at the Windows Store.

Why the Windows platform? In as much as we want to do other programmes with other platforms, the focus in on developing Nigerians. We want the country to become a player in the technology space. When we build our software then we can easily solve our local needs.
Where are we coming from? If you look at Nollywood, it is worldwide today, even the Nigerian music industry. MoMo’s aim is to put our software on the same footing; people will come to Nigeria for mobile software applications.

“I don’t want Nigerians to become employee, but employers. We are focused on developing ‘Techpreneurs’; Technology entrepreneur that use technology to create employment and wealth and the tools they will use is what we are developing at MoMo. It is not enough to develop one’s skills and employ you”.

According to him, the process is self selecting; “we are not saying you have to pair. But for you application to be accepted it must be visual appealing to people and technically sound to ensure scalability,” he added. 

On his part, Shina Oyetosho, Microsoft’s Developer Platforms Evangelism Lead, West East and Central Africa Microsoft, said that, it is all about marking the market value attract international recognition while not shying away from local trends and demands.

He said: “Overtime, we have been participating in events and organizing events that ensure we develop local talents in Nigeria. This SDK/payment integration into apps is something that developers have asked for.

“So, we threw it back at the industry. It is an opportunity for the developers to monetize their creativity. The more we do that, the more we are helping the local developers. That is tied to the national goal of developing the software sector. Secondly, it will create employment; there are people who have left their jobs in banks and focused on apps development. And this is a way the industry is providing them with value and a driving force to do more quality work”.

The contest is primarily focused Developers integrating the Verve payment SDK into their applications.

 The winner of this competition will also walk away with interesting prizes and an advertising push provided by Nokia, Microsoft and Verve. It would also be deployed on the Nokia OVI store.

Mobile Apps which have the embedded Verve Payment SDK are able to securely receive payments within the app from the over 20 million Verve Cards and Verve payment tokens in Nigeria.

The solution also utilises Verve’s “Remember Card” feature, implying that customers do not need to enter their card numbers when initiating these payments – only PIN and is some cases CVV2 is required to complete a payment.


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New Horizons Invests N50m to Empower Almajiris with Skills

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New Horizons Nigeria has launched a N50 million initiative aimed at transforming 21 Almajiri children into skilled computer technicians within 90 days, to tackle youth unemployment and harness human potential.

The Almajiri-to-Tech programme, officially launched in Abuja on Monday, provides participants with full training, meals, clothing, tools, and logistics support, all fully funded.

Speaking at the launch, the Chief Executive Officer of New Horizons, Tim Akano, said the programme represents a new journey in the history of Nigeria by restoring the original purpose of the Almajiri system, which he described as “children sent out to seek knowledge.”

“The word Almajiri comes from an Arabic term meaning emigrant and seeker of knowledge. Historically, children were sent to learn morals, responsibility, and skills to add value to society,” Akano said.

He added that the disruption of this system during colonial times forced many children onto the streets, a challenge that persists today.

Akano highlighted the urgency of addressing the Almajiri issue, noting that there are an estimated 15 million Almajiris in the country, with a population growth rate of around three per cent annually.

“If we do not solve this problem as a country, we are sitting on a time bomb,” he warned.

According to him, the programme focuses on hands-on technical skills rather than theory. Trainees will learn to repair mobile phones, laptops, televisions, radios, standing fans, and other electronic devices, as well as build inverter batteries using recycled electronic waste.

“We are not teaching theory. We are teaching practical skills you can use to earn a living,” Akano said, stressing that the programme will not interfere with the participants’ Quranic education.

“We are still going to allow you, within the period of learning. Your learning computer here is not stopping your Quranic education.

“You still have time within our space here. Whenever you want to go and pray, you can pray, then come back to class,” the CEO stressed.

He added that participants will also receive daily meals, water, T-shirts identifying them as technicians-in-training, and access to all necessary tools and equipment throughout the 90-day programme.

Akano said the initiative is part of a larger mission by New Horizons Nigeria, which has spent the past 21 years training about 100,000 Nigerians annually in IT and related skills.

He said the new programme aims to “take human genius off the streets and convert it into human capital, enabling these youths to contribute meaningfully to the economy.”

He added that equipping Almajiris with skills could add 15 million people to Nigeria’s workforce and potentially increase the country’s GDP by as much as $20 billion, stressing that productivity depends on practical skills and opportunity.

“Everything that can be taught can be learned. If someone can memorize the Quran cover to cover, there is nothing that cannot be done. What they lack is information, opportunity, and infrastructure, and we are providing all of that,” Akano said.

Akano also stressed that the initiative is designed to inspire other organizations and government agencies to replicate similar programmes across the country.

“This is not just about 21 children; it is about showing Nigeria what is possible when resources meet intention and planning.

“If we succeed in empowering these Almajiris, we demonstrate that the country can turn social challenges into economic opportunities. It’s a blueprint for Nigeria’s future,” he said, noting that the initiative combines social reform, technical education, and economic empowerment.

Also speaking, one of the trainees, Fatima Umar, appreciated the organisers and promised to maximise the opportunity.

“We’ll make you proud of us. We have nothing to say here but to thank and appreciate you. May Almighty Allah continue to guide and protect you,” Umar said.


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IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

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International Monetary Fund has upgraded Nigeria’s 2026 economic growth projection to 4.4 per cent, reflecting improved macroeconomic stability and sustained reforms.

IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

IMF

The January 2026 World Economic Outlook Update forecasts Nigeria’s growth trajectory at 4.1 per cent in 2024, 4.2 per cent in 2025, and 4.4 per cent in 2026—a 0.2 percentage point increase from the October 2025 estimate.

This aligns with sub-Saharan Africa’s projected 4.6 per cent expansion in 2026 and 2027, driven by regional stabilisation efforts.

Globally, the IMF anticipates 3.3 per cent growth amid resilient conditions tempered by trade policy shifts and technology investments. For Nigeria, declining energy prices—expected to fall seven per cent due to weak demand—pose risks, though OPEC+ coordination and China’s stockpiling provide support.

Despite the optimism, downside risks persist from Middle East and Ukraine tensions, protectionism, high debt, and fiscal deficits. The Fund recommends rebuilding fiscal buffers, ensuring central bank independence, and limiting temporary fiscal measures to maintain stability.

Nigeria’s success hinges on consistent reforms and resilience against domestic and global shocks, the IMF concluded.


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Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

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Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s crude oil production, excluding condensate, dropped by 0.7 per cent to 1.486 million barrels per day (mbpd) in November 2025 from 1.496 mbpd in October.

Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

OPEC

The figure, drawn from secondary sources in OPEC’s December 2025 Monthly Oil Market Report, fell short of Nigeria’s 1.5 mbpd quota. Direct communication data showed output at 1.436 mbpd, up from October’s 1.401 mbpd, but still below target.

Nigeria produces around 196,028 bpd of condensate, excluded from quota calculations per Nigerian Upstream Petroleum Regulatory Commission figures. Year-on-year, November’s output marked a slight gain over 1.417 mbpd in November 2024.

Expert Cites Insecurity, Governance Gaps

Petroleum economics expert Wumi Iledare described the quota miss as unsurprising, blaming persistent insecurity, an ageing oil basin lacking new finds, and unoffered hydrocarbon blocks. Governance shortcomings and policy uncertainty further erode investor confidence, he noted.

Selective implementation of the Petroleum Industry Act worsens the situation, with Nigeria needing a single authoritative leader for the sector rather than multiple proxies, Mr Iledare stressed. The country has struggled to consistently hit OPEC targets for years.


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