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NBS says Economy Created 2.5m Jobs in Two Years

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Dr Yemi kale, Statistician-General of the Federation
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The National Bureau of Statistics (NBS) yesterday said the Nigerian economy created a total of 2.48 million new jobs between July 2012 and June this year.

Dr. Yemi Kale, statistician general for the Federation and chief executive of the NBS, gave the figure in Abuja while speaking at a workshop on the review of definition and methodology for computing unemployment statistics in Nigeria.

A breakdown of the figure revealed that the highest number of jobs was created in the informal sector with 1.41 million, while the formal sector with 903,804 jobs and public institutions with 160,591 jobs followed respectively.

Further analysis of the jobs created in the economy revealed that 427,296 and 385,913 jobs were created in the third and fourth quarters of 2012.

For the first, second, third and fourth quarters of 2013, the bureau put the new jobs created at 431,021; 221,054; 245,989 and 265,702 respectively.

In the first and second quarters of this year, it said 240,871 and 259,353 new jobs were created respectively in various sectors of the economy.

Kale, while giving more details on the jobs created within the first quarter of this year said, “In the first quarter of 2014, the formal sector recorded 76,018 new jobs; informal recorded 158,894 new jobs, while the public sector recorded 5,959 new jobs.

“The total new jobs for quarter one of 2014 was therefore 240,871. This is a decrease by 10.3 per cent from the previous quarter, which recorded 265,702 jobs and lower than the 431,021 jobs created in the corresponding quarter of 2013.”

He said the jobs created in the formal sector in the first quarter of 2014 was also lower than the number of jobs created in the previous quarter at 101,597 and the corresponding quarter in 2013 at 174,326.

The education (private) sector, he noted, dominated the formal sector with the most number of jobs, accounting for 23,643 jobs or 31 per cent of the total share.

This, according to him, was followed by manufacturing with 11,088 jobs representing 14.6 per cent.

“Electricity, gas steam, and air conditioning supply sector, (12 jobs) and water supply, sewage, waste management and remediation sector (12 jobs) created the least jobs in the first quarter 2013,” he added.

For the second quarter of 2014, the NBS boss said the formal sector recorded 78,755 new jobs, the informal recorded 175,786 while the public sector had 4,812 new jobs.

He said as was the case with the first quarter, the education and manufacturing sectors dominated the formal sector with the most number of jobs, accounting for 29,060 or 36.9 per cent and 11,138 or 14.14 per cent respectively.

He said telecommunications and information services sector with 12 new jobs and the accommodation and food services sectors with 57 fresh jobs had the least share of jobs created in the second quarter.

Meanwhile, Kale at the event inaugurated a committee to review the methodology for computing unemployment statistics in Nigeria.

The committee, according to him, would deliberate on the current definition of unemployment as applied by NBS as well as propose a most suitable definition for the Nigerian environment, while still satisfying international best practice.

He said the review became imperative since the 40-hour a week definition of employment was no longer adequate as it negates the definition of International Labour Organisation.

The ILO defines employment as persons in the labour force who have been employed for at least one hour in a week.

Kale said, “Using ILO definition strictly, unemployment rate in Nigeria for 2011 will be 2.2 per cent.

“Using NBS’s adjusted definition of unemployment, Nigeria’s unemployment rate stood at 23.9 per cent in 2011.

“Unfortunately, NBS definition also presents challenges. If you work for 39 hours a week, you will be classified as unemployed who is also inadequate.”

The committee to be headed by Prof Sarah Anyanwu has representatives from the Central Bank of Nigeria, National Planning Commission, Federal Ministry of Finance, Agriculture, and Labour among there as members.


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ALX Broadens AI Training in Africa

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Pan-African talent accelerator ALX is expanding its footprint and shifting to a fully self-paced learning model to train and integrate young Africans into the workforce, as the global economy reorganises around artificial intelligence (AI).

Partnering with the MasterCard Foundation, the technology training provider and career accelerator designed to equip African talent, says it enables learners to access tech training for $5 a month.

It emphasises a shift in demographics saying that by 2035, more young Africans will enter the workforce annually.

ALX notes that its model has graduated 347,100 learners, with 63% finding employment within six months. Women represent over half of all graduates. To increase flexibility, the organisation emphasises that learning is now entirely self-paced.

“Learners progress through modular blocks, earning credentials as they go, ensuring that the training fits around their existing responsibilities,” says Shana-Michelle Rabonda, Chief Operating Officer of ALX.

Rabonda adds that global employers are taking notice: “We are building a direct pipeline to the global digital economy. When companies look for elite tech talent, they are looking at Africa.”

Due to this demand, firms such as Absa, Stanbic Bank, MTN, and KPMG now employ between 50 and 180 ALX graduates each. Meanwhile, community entrepreneurs have created over 60,100 jobs through AI startups like Signvrse and Edulga.

With Africa’s AI market projected to grow to $16.5 billion by 2030, ALX operates alongside competitors like Moringa School and GoMyCode to secure mindshare.

“With the right skills and networks, young Africans can seize these opportunities,” Rabonda emphasises. “Africa’s youth should not just be consumers of AI; they should be creators shaping innovations that will define the global economy.”


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Swift Network Faces Winding-up Battle over Alleged N115m Debt

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A Federal High Court sitting in Lagos has ordered the advertisement of a winding-up petition filed against telecommunications service provider, Swift Network Plc, over its alleged inability to settle a debt exceeding N115 million.

The order followed an application filed by Optics and Wireless Limited through its counsel, Bimbo Adebayo-Ogunlaja, urging the court to permit the publication of the winding-up petition instituted against the company.

In the petition, Optics and Wireless Limited alleged that Swift Network Plc is indebted to it in the sum of N115,482,302.88, being the outstanding payment for network devices supplied to the telecommunications firm since April 2024.

The petitioner is also seeking the payment of N70,530,062 as accrued interest arising from a loan facility allegedly obtained to finance the transaction between both parties, as well as general damages for breach of contract.

According to court documents, the dispute arose from a series of transactions carried out between April 2024 and February 2025, during which Swift Network Plc, through its procurement officer, allegedly requested the petitioner to manufacture and supply various network devices based on purchase orders issued by the company.

The petitioner stated that payment for the supplied items was expected either immediately after delivery or within 30 days of supply, but alleged that Swift Network repeatedly failed to honour the agreement despite receiving the products.

Optics and Wireless Limited further claimed that it became apparent after the final order for servers in April 2025 that the respondent was either unwilling or unable to settle the accumulated debt.

The petitioner also informed the court that its solicitors, Messrs Zionla Legal Practitioners & Solicitors, subsequently issued a statutory notice of demand dated December 11, 2025, demanding payment of the outstanding sum and accrued interest.

According to the petitioner, all efforts to recover the debt proved unsuccessful, adding that the situation has exposed the company to serious financial challenges and possible legal action from the bank that allegedly granted it the loan facility used to execute the supply contracts.

Optics and Wireless Limited argued that Swift Network Plc is insolvent and unable to meet its financial obligations, urging the court to wind up the company in line with the provisions of the Companies and Allied Matters Act and the Winding-Up Rules.

Among the reliefs sought, the petitioner asked the court to order that Swift Network Plc be wound up by the court and that any voluntary winding-up process involving the company should continue under the supervision of the court.

Justice Lewis Allagoa subsequently adjourned the matter till July 10 for further hearing.

 


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Simba Infrastructure, Galaxy Backbone Partner to Deliver Hosted Unified Communications and Call Centre Solutions Across Nigeria

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Aminu Usman, Profit Centre Head, SIMBA, Dr. Abdul-Malik Suleiman, GM Strategic Partnerships & Regions, Galaxy Backbone Ravi Bajaj, GM Sales SIMBA and Ramatu Buhari, GM Sales, Galaxy Backbone Limited
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Simba Infrastructure Limited, a leading provider of customer experience and communications technology, has entered into a strategic partnership with Galaxy Backbone Limited (GBB), the Federal Government of Nigeria’s ICT infrastructure and shared services provider, to deliver Hosted Unified Communications (UC) and Hosted Call Centre Solutions to organisations across both the public and private sectors.

This collaboration brings together Simba Infrastructure’s deep expertise in converged communication technologies, systems integration, and private-sector engagement with Galaxy Backbone’s trusted government relationships, world-class Tier III and Tier IV data centre infrastructure, and an extensive fibre-optic network spanning 30 states and the Federal Capital Territory.

Together, both organisations will deliver secure, scalable, and cost-effective communication solutions designed to transform how businesses and government institutions engage with customers and citizens.

Under this this partnership, Simba Infrastructure will lead business development efforts within the private sector, delivering tailored Unified Communications and Call Centre solutions aligned with the unique needs of enterprises. Galaxy Backbone, on the other hand, will drive adoption within the public sector, providing secure, locally hosted data centre services that ensure compliance, reliability, and operational efficiency.

Commenting on the partnership, Sanjay Vaswani, Director at Simba Infrastructure said: ”Simba is pleased to mark this first phase of collaboration, with a long-term vision of deploying fully localized, AI-driven technologies that enable developers to build and scale using Naira-based solutions.

“While Aminu Usman, Profit Centre Head at Simba Infrastructure tressed on the fact that partnering with Galaxy Backbone will marks a significant milestone in our mission to deliver innovative, cloud-based communication solutions to Nigerian organizations.

“By combining Galaxy Backbone’s robust infrastructure and strong public sector presence with Simba’s customer-centric approach and technological expertise, we are creating a powerful platform to drive digital transformation and business growth.”

Also speaking, the GM Strategic Partnerships & Regional Business, Galaxy Backbone Limited,  Abdul-Malik Suleiman noted; “Galaxy Backbone remains committed to advancing digital inclusion, secure communication, and reliable ICT services across Nigeria. Our partnership with Simba Infrastructure strengthens our ability to deliver innovative, locally hosted Unified Communications and Call Centre solutions that will benefit both public and private sector organisations.”

This partnership underscores a shared commitment to advancing Nigeria’s digital transformation agenda by equipping organisations with the tools to enhance collaboration, streamline communication, and improve customer experience—while ensuring that critical data remains securely hosted within Nigeria.

 


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