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PIC says Nigeria’s Youth Population Offers Great Potential for Innovation, Technological Advancement

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Dr Osasuyi Dirisu, Executive Director, Policy Innovation Centre; Mr. Udeme Ufot, Chairman, Policy Innovation Centre (PIC); Benjamin Laniyi, FCT Women Affairs Secretary; Dr. Tunji Alausa, Minister of State Health and Social Welfare; Mr. ‘Laoye Jaiyeola, CEO, Nigerian Economic Summit Group, and Dr. Tayo Aduloju, CEO Designate, NESG, during the Gender and Inclusion Summit in Abuja recently.
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Mr. Udeme Ufot, Chairman, Policy Innovation Centre (PIC) of the Nigerian Economic Summit Group (NESG) has said that the size and youthfulness of the Nigerian population offers great potential for innovation, technological advancement and economic development of the country.

Ufot stated this on Wednesday in Abuja at the Gender and Inclusion Summit 2023 convened by the Policy Innovation Centre of the Nigerian Economic Summit Group.

He noted that for this potential to be harnessed, there was need for strategic investment in health, education, infrastructural development and job creation while leveraging technology to deliver sustainable development at scale.

Commenting on the essence of the Summit, Ufot said it was “conceptualised as a platform for dialogue where critical stakeholders from diverse sectors will reflect on new evidence and contextually relevant solutions to disparities in inclusivity in Nigeria.”

He said: “The Gender and Inclusion Summit has a truly inclusive scope encompassing women, men, children, youth, people with disabilities, and other vulnerable population.

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This year, we are dedicating considerable time to discuss issues relating to Nigerian youth for many reasons. Nigeria has the one of the largest population of youth in the world, about seventy percent of the population is under 35 years old.

The median age of youth in Nigeria is 18.1 years and 42% are under the age of 15.”

He commended the efforts of the current government in providing platforms for youth such as the recently launched initiative to train three million tech talents by the Ministry of Communication, Innovation and Digital Economy.

He further underscored the need for “a collective responsibility to develop inclusive approaches to address barriers to quality education, job and internship opportunities and access to health services for Nigeria’s burgeoning youth population.”

Ufot warned that Nigeria cannot afford to have “a large population of poorly educated, poorly skilled, economically unproductive and unhealthy young people.”

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He therefore, tasked participants to deliberate on how to lead Nigeria to “a more inclusive nation, where all citizens have equitable access to opportunities and are positioned to realise their God given potentials in a Nigerian economy that is modern and open, private sector-led, and globally competitive.”

In his remarks, former Governor of Abia State, Dr Okezie Ikpeazu, said that following his passion for women development, that he had signed a law making it possible for women to inherit their fathers’ property and own community land.

The law, he explained, allows them to be allocated land as against the customs and tradition which made it difficult for them to own land in their communities.

He said: “Today in Abia State, female children can now inherit their fathers’ property. Now it’s an offence for female children not to be allocated land. The female children can now inherit their fathers’ property.”

Ikpeazu also recalled that he had signed a law against the discrimination of the disabled persons, which made it compulsory for all houses in Abia State to be designed with ramps to enable the disabled easy access.

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The theme for the 2023 summit was “Building Bridges:  Advancing Gender & Inclusion Through the Intersection of Trade & Health.”

 

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Access Holdings Sets New Benchmark in Nigeria’s Finance Talent Pipeline

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New data from CFA Society Nigeria is reshaping how the country’s financial sector thinks about talent development, with Access emerging as the single largest source of CFA candidates in Nigeria, distinction industry watchers say signals a deeper shift in how leading institutions are building investment expertise from within.

In its Where Nigeria’s Finance Professionals Work series, published in a national daily, CFA Society Nigeria placed Access first among employers of CFA candidates nationwide, with 82 candidates enrolled in the programme, more than double the 38 recorded at the next-placed institution and well ahead of every other bank or financial services firm on the list.

Access also ranked second among employers of CFA charterholders, with 11 professionals who have completed all three levels of the Programme and met its experience and ethics requirements.

For an industry that has long measured itself by balance sheet size and branch count, the rankings point to a different kind of competition: one over who is building the deepest bench of certified, globally credentialed talent.

CFA Society Nigeria compiled the data from its Salesforce Membership Database as at June 2026, and described the exercise as a way of recognising employers whose people “bring rigour, integrity and global best practices into the workplace every day.”

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Analysts following the sector say the outcome is notable less for the ranking itself than for what it suggests about talent strategy across Africa’s financial services industry. A single institution developing more aspiring charterholders than the rest of the market combined raises the floor for professional standards nationally, not just within one balance sheet.

Every candidate who advances through the CFA Programme adds to a shared pool of ethics-trained, analytically rigorous professionals that Nigeria’s capital markets, pension funds and asset managers all eventually draw from.

Access Holdings Group Chief Executive Officer Innocent C. Ike, commenting on the rankings, framed the achievement in terms of institution-building rather than recruitment: “Every candidate on that list represents our commitment to building institutions and professionals that endure.”

The remark echoes a broader thesis increasingly voiced by market observers, that talent depth, not scale alone, is what will determine which African financial institutions earn lasting global credibility.

That distinction sits at the centre of Access’s stated ambition to become the World’s Most Respected African Financial Services Group. If the CFA numbers are any indication, the Group’s route to that goal runs less through square metres of branch network and more through the calibre of the people sitting inside it, a bet that Nigeria’s finance professionals, and the institutions that will one day hire them, are already placing alongside Access.

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NCAA to Introduce RFID Technology to Tackle Missing Luggages

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Nigeria Civil Aviation Authority (NCAA) has announced plans to introduce Radio Frequency Identification (RFID) baggage tracking technology across domestic and international airport terminals to tackle the growing problem of delayed, misrouted and missing luggages

NCAA to Introduce RFID Technology to Tackle Missing Luggages

Michael Achimugu, director, Public Affairs and Consumer Protection, NCAA, disclosed this at a stakeholder engagement forum in Lagos.

Achimugu said the RFID-enabled system would replace the traditional barcode-based baggage tracking framework and provide airlines and passengers with real-time visibility of checked luggage from check-in to final collection.

According to him, the technology would improve baggage traceability, reduce mishandling and strengthen accountability across the baggage-handling chain.

Unlike conventional barcode systems, RFID technology allows baggage to be automatically scanned at multiple points without requiring direct line of sight, enabling real-time tracking of luggage throughout its journey.

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Achimugu said issues involving short-landed, missing, lost or damaged baggage had remained among the major complaints from air travellers, alongside flight delays.

He said the introduction of RFID technology was therefore aimed at improving baggage-handling standards and restoring passenger confidence in the aviation sector.

The NCAA said the initiative also aligns with IATA Resolution 753, which requires airlines to track baggage at key points during the passenger journey.

The authority expects the technology to provide more accurate information on the location of luggage, facilitate quicker resolution of baggage-related complaints and improve the overall passenger experience.

The NCAA said the initiative would also strengthen accountability among airlines and other stakeholders involved in baggage handling at Nigerian airports.

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Firm Urges MSMEs to Increase Digital Payments Adoption for Growth

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eTranzact International Plc has called for increased adoption of digital payment solutions among micro, small and medium enterprises (MSMEs), saying access to technology is critical to improving business efficiency, financial inclusion and growth.

The company also said it was deepening its partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to expand digital access and financial literacy among small businesses across the country.

In a statement, the Divisional Head, Merchant Services, eTranzact, Mrs. Abimbola Reis, stated this at the SMEDAN/eTranzact Town Hall Engagement in Lagos recently, themed, “Financial Literacy and Inclusion for MSMEs Leveraging on Fintech Innovation.”

Reis described MSMEs as the backbone of Nigeria’s economy, noting that the sector comprises almost 40 million businesses and contributes significantly to economic growth and job creation.

However, she said many businesses continue to face challenges including limited access to finance, inefficient payment systems, weak financial reporting, cash-flow constraints and inadequate access to digital platforms.

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She added that trust concerns also affect businesses’ ability to access finance, while heavy reliance on cash increases exposure to theft and makes payment reconciliation more difficult.

Representing the Director-General of SMEDAN, Prof. Yinka Fisher said the town hall was aimed at generating practical ideas and solutions that would support the growth and expansion of MSMEs.

“The essence of this engagement is to share ideas and concepts that will help MSMEs thrive and expand. Our partnership with eTranzact is about expanding the frontiers of MSMEs and ensuring they continue to grow,” he said.

Also speaking, representative of the Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Praise Adedigba said businesses could no longer depend solely on hard work to remain competitive.

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