General News
NIPOST Eyes N10Bn Revenue on Business Growth
Mrs Tola Odeyemi, postmaster general of the federation and chief executive officer, Nigerian Postal Service (NIPOST), has said the agency plans to generate N10 billion in revenues this year.
She said the present leadership of NIPOST has taken steps to change the narratives of the agency by ensuring that the company adds values to the activities of government and impacts positively on the lives of ordinary Nigerians.
Odeyemi said NIPOST has signed a Memorandum of Understanding (MoU) with the Small and Medium scale Enterprises (SMEDAN) to ensure that the cost of moving goods/services through NIPOST for 22 million businesses that registered with SMEDAN is reduced by 15 percent. This, she said, would boost the economy and improve productivity across all sectors of the national economy.
The postmaster general made the remarks at the opening ceremony of a three-day Strategic Management Retreat for the Management staff of NIPOST, Directors, and Postal Managers from the 36 states and the FCT. The retreat took place at DRACC Aco Estate, Lugbe, Abuja.
She said the retreat had the theme “Empower, Innovate, Shape: Nigerian Post, optimised for Excellence “noted that it was targeted at “ensuring alignments of all our day-to-day activities so that they would be in tandem with the vision and mission of the present leadership.”
“We want to explore opportunities for efficiency, and energise NIPOST base across all the 774 local government areas. It has become necessary that we must deliver the minimum level of service that is expected from NIPOST,” she said.
Odeyemi said NIPOST would upgrade its technology architecture to improve on its mail delivery systems and build public trust and confidence in the agency, stating that complaints reaching the management on missing mails are due to human errors.
“Yes we are aware of the compliant about missing mails. We are going to upgrade our technology with end-to-end tracking system. This enables us know where things go wrong because this is a human system, so you experience some errors. But we will address the errors through improved technology, “ Odeyemi said.
The NIPOST boss said efforts have also reached advance stage for NIPOST to restart its e-commerce, financial services, NIN enrolment and registration using its facilities in all the 774 local governments of the country.
Odeyemi said:”There is a lot of work being done with little resources that NIPOST has. One of the things I want to change is that I want to increase revenue, for revenue generation we are starting last man delivery of some government services and NIN registration. It will be available in all our locations.
“We are restarting our financial services, meaning that one can be able to do simple financial transactions, like bills payments, utilities payments, cash in cash out, at any NIPOST location.
“We are also increasing our presence in e-commerce and logistics, haulage services using all our locations for the good of Nigeria.
“Under the Renewed Hope Agenda one of the things that we have done is our partnership with SMEDAN. They have a mandate to ensure that across Nigeria, NANO, Micro small and medium enterprises function properly.
“One of the key aspects of this industry is the ability to move their goods from production to end-users or customers. This is one of the areas we want to participate in the diversification of the economy.
“ It’s to enable people to move goods at a reduced cost, and we just signed an MoU with SMEDAN and we are reducing prices by 15 % for the over 22 million businesses that register with SMEDAN.
“So we want to be the enabling platform to improve trade and commerce in the country.
“We will also have agro logistics products, we are in agrarian states where you have excess capacity for agricultural production. This we will do to help farmers move their produce to either the aggregator or to the table. It could be from the farm to the table or from farm to business.”
National Space Research and Development Agency (NASRDA) has signed a Memorandum of Understanding (MoU) with Galaxy Space, Chinese LEO satellite player, to deploy direct‑to‑device (D2D) satellite services nationwide by the end of this year.
According to media reports, Galaxy Space will integrate its LEO satellite constellation into Nigeria’s telecom grid, which will allow existing smartphones and laptops to link directly to the satellites.
The MoU also covers technology‑transfer programmes, joint R&D labs and the co‑production of a CubeSat by Nigerian engineers.
Apart from the benefit of enabling mobile coverage outside of terrestrial network range, Dr Matthew Adepoju, director- general, NASRDA, said the deal with GalaxySpace would enable Nigeria to build up its domestic space technology sector.
“It is no longer acceptable that we must import every single device we need,” he told the News Agency of Nigera. “The time has come for us to produce our own technologies here at home.”
GalaxySpace, which designs and manufactures its own LEO satellites, currently has a test constellation of seven LEO satellites in orbit, and has said its “Mini-Spider” constellation will eventually comprise up to 1,000 satellites.
GalaxySpace said it has also signed multi-tier partnerships in Thailand, the United Arab Emirates, Saudi Arabia, Indonesia, and Malaysia.
Last year, it also signed a deal with Hong Kong carrier PCCW Global to integrate its LEOsat connectivity with PCCW’s worldwide network, giving it access to over 3,000 cities across the Americas, Europe, Africa, the Middle East and Asia-Pacific.
General News
IHS Nigeria, United Nations Global Compact Host High-Level Dialogue on Sustainability and Greener Business Practices in Nigeria
IHS Nigeria, in collaboration with the United Nations Global Compact Network Nigeria, hosted a high-level private sector dialogue themed “Collaborative Strategies for Greener Business Practices, Innovation and Sustainable Development”.
The event, held in Lagos, brought together key players from different sectors including finance, law, telecommunications, biodiversity, and corporate sustainability to explore actionable pathways to achieve meaningful environmental stewardship in Nigeria.
The panel session offered bold perspectives on integrating sustainability into business frameworks across different sectors, whilst dispelling myths, and highlighting opportunities for organizations, and calling for collective action from all players within the business value chain.
Delivering a keynote address, Titilope Oguntuga, Director, Sustainability at IHS Nigeria, emphasized the urgency of environmental consciousness: “Sustainability is not a destination — it’s a collective journey.
“It requires courage to transform, vision to lead, and collaboration to scale. Nigeria stands at a crossroads. We can either be overwhelmed by the risks or rise to become a beacon of green innovation and inclusive growth in Africa. The choice is ours — and the time is now.”
Sylvie Josel, Lead, Biodiversity and Nature-Based Solutions at the United Nations Global Compact, joined virtually from New York and spotlighted nature as a strategic asset:
“Nature must no longer be treated as an afterthought. It underpins everything, from human rights to supply chains. Embedding biodiversity into a company’s core strategy isn’t just a risk mitigation measure; it’s a smart, future-forward business imperative”.
Lanre Babalola, Group Head, Climate Finance and Sustainability at the Bank of Industry (BOI), provided insights into how BOI is funding sustainable ventures and driving innovation: “We look beyond profitability; we look at environmental and social impact. Whether it’s plastic roads, biogas, or solar transitions, we support businesses that are not only bankable but capable of reshaping the future.”
From the legal perspective, Oyeronke Oyetunde, General Manager, Regulatory Affairs, MTN Group, drew attention to the regulatory challenges hindering sustainability adoption: “Our legal frameworks are trailing behind today’s sustainability realities. We need forward-thinking laws, reduced regulatory silos, and incentives that reward the right behavior. Sustainability can’t thrive where enforcement is weak, and taxation is excessive.”
Abimbola Agbejule, Head, Corporate Sustainability and Responsibility at Wema bank, spoke passionately about inclusiveness in sustainable development: “You don’t need to start big to make impact. MSMEs make up a huge part of our economy. Sustainability should be embedded in their day-to-day activities, and we must democratize access to knowledge, tools, and partnerships.”
The session was moderated by Gloria Okorie, Head of Programs at the United Nations Global Impact Center.
The event closed with a resounding call to action for stronger legal frameworks, deeper collaborations, and inclusive capacity building across sectors. The event further reinforces IHS Nigeria’s position as a leader in corporate sustainability and innovation in Nigeria.
“At IHS Nigeria, we recognize that true progress happens when sustainability is not an obligation, but a culture, lived every day, across every unit,” Titilope Oguntuga added.
Through initiatives like this dialogue, IHS Nigeria and its partners continue to champion solutions that protect the planet, empower people, and ensure long-term business viability.
Paradigm Initiative (PIN), a leading digital rights and inclusion nonprofit, has revealed in its 2024 Annual Impact Report that over 707 young individuals across 11 African countries have been empowered through its flagship LIFE Legacy Programme.
The initiative delivers training in life skills, ICT, financial literacy, and entrepreneurship—transforming underserved communities across the continent.
In 2024, the LIFE Legacy Programme ran 25 training cohorts across Cameroon, DRC, Ghana, Kenya, Senegal, South Sudan, Liberia, Uganda, Tanzania, Zambia, and Zimbabwe. In Senegal, 60 laptops were distributed to local partners, while digital literacy programmes were launched in schools in Cameroon and Tanzania through the LIFE@School initiative.
PIN advanced its advocacy by supporting 29 legal cases in Ghana, Kenya, and Nigeria. A notable success was the landmark judgment in Molehin v. UBA, where the bank was found guilty of violating data privacy laws.
PIN’s research and media efforts made powerful waves. The Londa digital rights report, covering 26 countries, was downloaded 8,457 times. Its fourth short film, Undersight, recorded nearly one million views on YouTube. PIN also developed an AI strategy report with TrustLaw and collaborated with the Centre for Democratic Technology to assess content moderation policies for Kiswahili across Kenya and Tanzania. A separate report highlighted the troubling deployment of surveillance technologies across Africa, which was referenced in direct advocacy engagements with a telecom operator.
The organisation’s advocacy also contributed to the adoption of the African Commission’s Resolution 580, which urges governments to avoid Internet shutdowns during elections—strengthening digital freedom across the continent.
Meanwhile, the Digital Rights and Inclusion Forum (DRIF) convened in Accra attracted 1,004 delegates from 61 countries, strengthening regional collaboration and amplifying the voice of civil society. PIN’s strategic communications pushed its media reach to 1.43 billion and social media engagement to 8.8 million.
Alongside training and policy efforts, the organisation inspired young changemakers through youth-focused campaigns and hosted seven fellows under the Digital Rights and Inclusion Learning Lab (DRILL) fellowship.
Crowning a year of impact, PIN earned the maiden PrivCon Privacy Award in Nigeria and was recognised in the Social Innovation Category at the Nigeria Innovation Awards for its work connecting African youth to digital opportunity.
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