News
Paylink Sponsors UI SME Fair, Provides Digital Empowerment

Paylink, an e-commerce platform that empowers businesses to showcase their products and services online and get paid instantly, has partnered with the University of Ibadan (UI) to sponsor the premier institution’s Small and Medium-scale Enterprise Fair (UI SME Fair) which would hold at the International Conference Centre of the university on Thursday, November 12.

This disclosure was made recently when authorities of the university announced plans for the event which, among others, would foster a robust town-gown relationship between the university and the SME community.
The event also offers participating SMEs varied opportunities which include the discussion of specific business issues with SME coaches and mentors, interaction with business and product researchers as well as guidance on intellectual property protection.
Now in its second year, the UI SME Fair would further expose small and medium scale businesses to how they can better leverage digital platforms like Paylink to more easily expose their products to local and international markets, make it more convenient for customers to pay them through multiple channels, and help them better manage inventory, invoicing and revenue tracking.
“As an organisation committed to the development of the Nigerian economy, we are always ready to partner to help bring to fruition the dreams and aspirations of Nigerians, especially millions of SMEs spread across the country. This is evident in our previous partnerships with organisers of similar SME-focused initiatives like Lagos SME Bootcamp and the Social Media Week Lagos,” said David Okeme, division head, Vertical Markets and Payment Applications at SystemSpecs, providers of Paylink.
“It is for this reason we are glad to collaborate with the University of Ibadan on the hosting of the SME Fair especially at a time like this that the national economy needs to be rebuilt and accelerated following the slowdown occasioned by the COVID-19 pandemic,” Okeme added.
Themed “Co-create the Future”, the 2020 edition of the UI SME Fair follows the inaugural edition last year which featured hundreds of SME owners and managers, researchers, representatives of Manufacturers Association of Nigeria, financial institutions, Industrial Trust Fund and government. The event’s keynote will be delivered by Kayode Pitan, managing director of Nigeria’s Bank of Industry (BoI).
According to a statement signed by Professor Olanike K. Adeyemo, university’s Deputy Vice Chancellor responsible for research, innovation and strategic partnerships, the event would “showcase SMEs in order to inspire research direction/focus of the University Community” and also “establish a web-based platform (UISME-HUB) to moderate the collaborative network between the SMEs and the University of Ibadan.”
While participation is free, SMEs interested in attending and showcasing their product and service offerings at the fair can register via the website for the organisers, sme.ui.edu.ng.
The 2020 UI SME Fair would be streamed live on Paylink’s Instagram account, PaylinkNG, as part of SystemSpecs’ support for SME capacity development and digital empowerment.
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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