News
NCS Launches N5M Scholarship Fund Ahead #NCSEnugu2014

Nigeria Computer Society (NCS) has mapped out N5 million as scholarship and sponsorship fund for its members in 2014, as part of the Society’s ways of giving back to its members and support educational and research developments in Nigeria.
Speaking at a press conference in Lagos on Tuesday ahead of its 25th National Conference, #NCSEnugu2014, Professor David Adewumi, president of NCS, said that the Society has been working on modalities for the implementation of the Fund since November 2013, adding that it has the sum N5million in its kitty for 2014 programmes.
Aside the fund being used to provide educational scholarships and sponsorships to members to attend conferences or workshops, support for high impact researches, NCS deemed it necessary that such fund would galvanize the processes for a robust Nigeria’s knowledge-based economy.
He said, “NCS believes the fund will increase IT education and research achievements in the country and provide many who are presently excluded with the ability to seize IT education and research opportunities and fulfill their potentials”.
Adewumi added that Nigeria should not wait for an umpteenth time in the global IT development hence the need to ensure swift implementation of policies and programmes that will give succour to individuals and organizations operating in the industry.
Moving forward, he said, NCS expects corporations of the governments, corporate institutions, and individuals to make donations that will sustain the fund hence participants at this year’s NCS conference shall be educated more on the fund’s expected benefits.
“From next year, we intend to raise more funds through advocacy groups. We are bringing it to the Nigerian society, intending to achieve a number of things through it. We expect government at different levels, corporate organizations and well-meaning Nigerians to contribute to the gesture, so we can be part of global IT expansions. The first proposal is put at N5million which we have in our kitty and only NCS members will benefit”.
On the beckoning #NCSEnugu2014, with the theme, “Building A Knowledge-Based Economy In Nigeria: The Role Of Information Technology,” the President, said that the Society has always been on the forefront of new innovative engagements and the adoption of cutting edge solutions.
“NCS is committed to facilitating the development of Digital and Internet based technologies to not only drive improvements, but to change and redirect our energy on how Nigeria is defined, organized and delivered.
“NCS builds thought leadership through emphasis on relevance and significance in using IT to enable inclusive and sustainable development. For 2014, building knowledge based economy forms bulk of NCS conference theme, in Enugu”.
Also, Mr Moses Braimah, chairman, Conference Committee of the NCS, while re-echoing the President’s remarks, said the Society shall remain committed to advancing the interests of its members, the IT-industry and profession and the Nation as a whole.
Braimah added that critical issues that will be focused on, during the conference holding from 23rd to 25th of July in Enugu State, include; broadband access for all: Strategies and tactics; business process outsourcing; e-governance solutions: improving transparency and public sector service delivery through technology; security issues in a knowledge-based economy, training and education for the youth and IT industry in Nigeria; manpower development and income generation and harnessing innovation, creativity and entrepreneurship: opportunities for the youths.
News
New Horizons Invests N50m to Empower Almajiris with Skills

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.
News
IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

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

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

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.

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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