News
Fuel Scarcity Looms as Tanker Owners Withdraw Vehicles Today

Tanker owners have said they will halt the transportation of petroleum products starting today, raising the fear of another fuel scarcity crisis in the country.

Speaking under the aegis of the Nigerian Association of Road Transport Owners (NARTO), the tanker owners said this decision stems from the soaring operational costs experienced by its members, primarily due to the exorbitant price of diesel needed to fuel their trucks for product transportation nationwide.
This is as petroleum products marketers are seeking for adjustment on pump price to cushion the effect of the constant upward movement of dollar that has impacted on their operational costs.
NARTO, in a letter dated February 15th 2024, notified the secretary general of NUPENG, of its intention to withdraw the lifting of products.
In the letter signed by Yusuf Lawal Othman, NARTO’s national president, the transporters placed their grievance on the table insisting that it will down tools from today Monday February 19, 2024.
Among their grievances is failed negotiations for appropriate and commensurate freight rate for its operations .
Othman noted that the existing rate is not supporting members’ operations and until a review is approved they will not return to work.
Concerns over the escalating diesel prices have been repeatedly voiced by NARTO members, who play a crucial role in transporting petroleum products across the country. According to oil marketers, the current price of diesel ranges between N1,250 to N1,400 per litre, varying depending on the location of purchase.
He highlighted the stagnant freight rates, which have remained unchanged despite significant increases in operational costs. Othman pointed out that while the cost of essential consumables has surged due to the depreciation of the local currency against the dollar, freight rates have remained stagnant since the previous administration.
“For instance, the freight rate from Lagos to Abuja has remained the same since former President Buhari’s tenure, despite the dollar exchange rate nearly tripling.
This inconsistency is unsustainable for our members,” he said.
Othman further illustrated the financial strain faced by transporters, citing examples of operating costs exceeding earnings. He said that the meagre payments received for local trips barely cover expenses such as fuel and maintenance, let alone other operational overheads.
In addition, the association has raised concerns about delayed payments from oil marketers, exacerbating cash flow problems for transporters.
NARTO has also called for regulatory reforms to address issues such as limited access to depots, ambiguous regulations, and difficulties in accessing affordable financing for vehicle maintenance and upgrades.
Meanwhile, speaking with Leadership correspondent, Clement Isong, executive secretary of Major Energies Marketers Association of Nigeria, (MEMAN) clearly stated that the current rate on the part of marketers is not even sustainable.
Isong said that though MEMAN is negotiating with transporters, it is beyond them to determine the rate chargeable for lifting of products.
He said, it will be unlawful for MEMAN to determine rates for transporters but noted that with the current exchange rate it is a strain on their business to continue to operate with existing rates.
The products are dollar priced and the exchange rate is not economically supporting business anymore.
Elder Chinedu Okoronkwo, immediate past president of the Independent Petroleum Marketers Association of Nigeria (IPMAN) in his response advised authorities to listen to the demand of the transporters as business is actually collapsing under the exchange rate regime.
Credit : Leadership
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.
News
Cisco Explores AI for Nigeria Farmers

Cisco is exploring artificial intelligence (AI)-powered solutions to support smallholder farmers in Nigeria, as part of efforts to expand digital inclusion and technology adoption.

The initiative focuses on improving agricultural productivity through accessible, data-driven tools.
The move aligns with growing collaboration between Nigeria and the United States under the Commercial and Investment Partnership, which prioritises the digital economy, agriculture and infrastructure.
Speaking at the 2026 World Business Chicago, Brian Tippens, chief social impact and inclusion Officer at Cisco, said the company is assessing practical AI applications to help farmers combine local knowledge with data insights.
He said Cisco is exploring tools such as AI-enabled WhatsApp communities, geospatial mapping and weather intelligence to support day-to-day farming decisions.
The approach reflects a shift towards low-cost, mobile-first solutions suited to rural environments.
Tippens added that the Cisco Foundation is investing in early-stage startups developing technologies for local agricultural challenges.
Industry analysts note that AI adoption in emerging markets depends on locally relevant solutions, rather than large-scale enterprise deployments alone.
Beyond agriculture, Cisco plans to expand digital skills development in Nigeria through programmes such as the Cisco Networking Academy’s One Million Learners initiative.
Tippens said the programme also supports partnerships with organisations working with persons with disabilities, including those developing tools for people with visual impairments.
He added that Cisco’s social impact strategy aims to improve access to technology and promote inclusion, including in conflict-affected regions such as Borno State.
Cisco’s initiatives form part of broader efforts to link digital skills, connectivity and AI adoption to economic development in Nigeria.
News
FG launches AI capacity-building programme for 11,700 unity schools teachers

Federal Government has launched a nationwide Artificial Intelligence (AI) capacity-building programme for teachers in Federal Unity Colleges, with about 11,700 educators set to acquire digital skills aimed at improving classroom instruction and preparing students for a technology-driven future.

The initiative advanced with the signing of the Terms of Reference (ToR) between the Federal Ministry of Education and ICEDT Consult Limited, paving the way for the nationwide implementation of the AI Teacher Capacity Development Programme.
The programme, to be implemented through the ministry’s Education Support Services Department, is part of the Federal Government’s efforts to modernise Nigeria’s education sector, strengthen teacher professionalism and equip students with skills required in the digital economy under President Bola Tinubu’s Renewed Hope Agenda.
Speaking during the signing ceremony in Abuja, the Director of the Education Support Services Department, Gabriel Amudipe, described the initiative as a strategic investment in Nigeria’s teaching workforce and the future of education.
He said the nationwide rollout followed the successful completion of a pilot phase conducted in selected Federal Unity Colleges.
According to him, the implementation model developed by ICEDT Consult Limited will ensure effective coordination and quality delivery of the programme across the country’s six geopolitical zones.
Amudipe urged officials responsible for monitoring the project to ensure strict compliance with the implementation guidelines and maintain the standards achieved during the pilot phase.
“The ministry remains committed to supporting innovative initiatives that strengthen teacher professionalism, improve learning outcomes and promote the responsible integration of emerging technologies into education,” he said.
Earlier, the Deputy Director of the Education Support Services Department, Oladele Fapohunda, described the programme as a strategic intervention designed to deepen digital innovation across Federal Unity Colleges.
He stressed that collaboration among all stakeholders would be essential to achieving the objectives of the initiative nationwide.
Also speaking, the Head of Strategic Partnerships and Learning Scientist at ICEDT Consult Limited, Dr Abdulrahman Orosanya, said the Federal Government approved the national rollout after the successful pilot implementation in six Federal Unity Colleges representing Nigeria’s six geopolitical zones.
According to Orosanya, the pilot demonstrated the potential of Artificial Intelligence to improve lesson planning, classroom delivery, assessment methods and teachers’ productivity.
He said the nationwide implementation would strengthen teachers’ digital competencies, improve instructional delivery and support the government’s vision of building a technology-driven education system capable of producing globally competitive graduates equipped with 21st-century skills.
The ceremony ended with the formal signing of the Terms of Reference by officials of the Federal Ministry of Education and ICEDT Consult Limited, signalling the commencement of preparations for full implementation across all Federal Unity Colleges.
The ministry said the programme would directly train about 11,700 teachers, while thousands of students across the country’s Federal Unity Colleges are expected to benefit through improved classroom instruction, increased digital innovation and the responsible application of Artificial Intelligence in teaching and learning.
It reaffirmed its commitment to working with relevant stakeholders to modernise Nigeria’s education system, improve teacher quality and deliver inclusive, equitable and future-ready education nationwide.
E-Financial3 days agoAccess Bank Debunks Shutdown Report, Vows Action against Perpetrators
E-Business3 days agoKaspersky Uncovers Cyber Threats Defining the First Half of 2026 in Nigeria, Others
General News3 days agoMENXTT TECH NG Offers Affordable Dell Laptops with Flexible Payment Plans
Telecom3 days agoATU Summit Ends in Abuja with Landmark Declaration to Eradicate Continental Digital Divide
Telecom3 days agoHon. Minister Dr. Kingsley T. Udeh and ASUS To Unveil First of a Kind Flagship Store in West Africa
E-Business2 days agoHow Temu Helped a Madagascan Vanilla Family Business Sell Direct to Consumers Across Europe
Broadcasting2 days agoDavido Shares Past Suicidal Thoughts, Drops Oriadé Album
General News2 days agoMTN Nigeria Posts N707.5bn H1 Profit, Declares N26 Interim Dividend
















