News
How and Why Lagos is Breeding Ground for Techpreneurs

Technology entrepreneurs’ (techpreneurs) and most technology startups have remained concentrated in Lagos due to the dearth of basic physical and organizational structures and facilities needed for the operation of their enterprises outside the megacity, investigations have shown.
Also, the city and the entrepreneurial spirit it represents have become an enduring part of Lagos lore.
For instance, on a weekly basis, technologies startups with innovative products and services are launched, but are constrained to remain in the city no thanks to unavailability of bandwidth, frequent electric power cuts, bad roads, unsavory tax systems, are among few factors in most parts of the country.
Mr. Ejomofo Obi, managing director, Lamudi Nigeria, told Nigeria CommmunicationsWeek that most techpreneurs would wish to expand their tentacles beyond Lagos but issues around infrastructural development have to be addressed.
According to him, techpreneurs are not mainly concerned with Government funding, “rather we prefer a situation where the infrastructure is in place to help drive growth.
“Most startups prefer to remain in Lagos, because this is where majority of the network operators are. This is where you have relatively good road network to deliver items, if you are into e-commerce. Now, as a technology company you need to track your business, which calls for bandwidth. Aside Lagos, Abuja, Port Harcourt and now Ibadan, where you will get 4G LTE service experience, most states are still on 2G, but operators would claim 3G. Infrastructure is key in nurturing startup businesses” he added.
On her part, Amy Muoneke, managing director of Carmudi Nigeria said that startup business beyond Lagos demands venture capitalists or partnership to thrive; and investors are willing to dole out founds in a market where return on investments is guaranteed.
She admitted that the cost of running business outside Lagos might be relatively cheaper, but as most banks headquarters are in Lagos and other logistics challenges, most startups fates seemed tied to the megacity.
But, Aminu Waziri Tambuwal, Sokoto State Governor, has stated his administration’s resolve to remove bottlenecks that have limited the State’s access to technological evolution evident in States like Lagos, Rivers and the FCT.
Tambuwal said, “IT has revolutionarised every aspect of our lives with mush evidences in our immediate environments. Communications has become easier via SMS, voice calls, internet calls, etc., due to the collective efforts of the players.
“In Sokoto State, we are trying to get the framework right. Before now, there was no plan on ground to enable our dear State leverage the opportunities. We are ready to partner with players to move to Sokoto State to help our young people to use IT and deepen our IGR (internally generated revenue). We will give you the best support than any government in Nigeria”
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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