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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.

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.”

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.

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

 


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UK Appoints Peter Vowles as British High Commissioner to Nigeria

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The UK Government has announced the appointment of Mr Peter Vowles as the next British High Commissioner to the Federal Republic of Nigeria.

Mr Vowles succeeds Dr Richard Montgomery CMG and is expected to take up his post in Abuja in September 2026. Dr Montgomery remains in post until that time.

Mr Vowles brings extensive diplomatic and development experience to the role, having served as His Majesty’s Ambassador to Zimbabwe from 2023 to 2026 and previously as Ambassador to Myanmar from 2021 to 2022.

He has held senior leadership positions across the FCDO and its predecessor department DFID, including as Transformation Director and Director for Asia, Caribbean and Overseas Territories.

Earlier in his career, Mr Vowles worked in international development across South Asia, Central Africa and East Africa, including postings in Bangladesh, India, the Democratic Republic of Congo and Kenya. He began his career in Zimbabwe, where he worked in education and development.

Peter Vowles said: “I am honoured to be appointed as British High Commissioner to Nigeria. Nigeria is a country of immense importance to the United Kingdom, and I look forward to working closely with Nigerian partners to strengthen our relationship across trade, development and security.”


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Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

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World Bank has ranked the Apapa and Tin Can Island Port complexes in Lagos among the world’s 20 most improved ports in its 2025 Container Port Performance Index (CPPI), released in June 2026.

Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

The ranking places both ports in the “Top 20 Port Improvement Since 2020” category, reflecting significant gains in operational efficiency and vessel turnaround time.

The CPPI is a global benchmark used to assess the efficiency of container ports based on factors such as cargo handling speed, ship turnaround time and overall logistics performance.

According to the report, the improvement highlights ongoing reforms and modernization efforts within Nigeria’s maritime sector.

The Managing Director of the Nigerian Ports Authority (NPA), Mr Abubakar Dantsoho, attributed the recognition to ongoing policy reforms and infrastructure upgrades in the sector.

He said the development reflects the impact of economic policies of President Bola Tinubu and the support of the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola.

“With the investor-friendly policies of President Bola Ahmed Tinubu providing the impetus for increased investment to drive our port infrastructure and equipment modernisation programme, coupled with the unflinching support of the Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola, we have all it takes to further enhance trade facilitation, improve competitiveness and boost the national economy,” he said.

The NPA said the recognition is expected to strengthen investor confidence in Nigeria’s maritime sector and enhance the country’s position as a regional trade and logistics hub.

It noted that improvements in port operations are already contributing to increased efficiency in cargo movement and reduced delays at key terminals.

The authority also pointed to ongoing efforts to modernise port infrastructure and expand digital systems aimed at improving service delivery.

Earlier in February 2026, the NPA said the federal government had intensified efforts to position Nigeria as a leading maritime destination through port rehabilitation and modernization projects.

It also highlighted public-private partnership initiatives, including developments at the Lekki Deep Sea Port, as part of broader reforms aimed at improving efficiency and attracting investment.

The CPPI ranking is expected to further boost Nigeria’s maritime profile and encourage additional investment in the sector.


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PalmPay Joins Industry Leaders @ Digital Pay Expo 2026

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As digital payment adoption continues to grow across Nigeria and emerging markets, the next phase will depend not just on innovation, but on the strength, reliability, and trustworthiness of the infrastructure behind it.

While the ecosystem has made clear progress in recent years, trust remains a critical issue for users, businesses, and operators alike. Questions around resilience, security, interoperability and transaction reliability continue to shape how the market evolves and how confidently digital payments can scale.

These issues will be central to the deliberations at Digital Pay Expo 2026, where fintech leaders, payment operators, and other ecosystem stakeholders will gather under the theme, “Seamless Digital: Fostering Pan-African Market Expansion in the Era of AI.”

PalmPay’s participation reflects its continued commitment to building trusted and scalable payment infrastructure, while contributing to the broader industry efforts to strengthen systems, standards, and partnerships needed to support long-term ecosystem growth.

Speaking ahead of the event, Olorunfemi Hanson, Head of Marketing and Communications at PalmPay Nigeria, said: “As the financial services ecosystem continues to grow, trust and reliability become even more important.

“The industry’s next phase will be shaped not only by innovation, but by the strength of the infrastructure supporting it. Digital Pay Expo provides an important platform to address the resilience, interoperability, and trust issues that will shape the future of digital payments growth across Africa.”

The event, scheduled to be held from the 17th to the 18th of June, 2026, will feature Chika Nwosu, Managing Director of PalmPay Nigeria, alongside other distinguished guests, including the Director-General, Payment System Management Department (PSMD), Central Bank of Nigeria. The event will examine how the industry can balance innovation, regulation, and scalability while strengthening trust across the digital payments value chain.

For PalmPay, this event reinforces its role in supporting a more resilient, secure and scalable payments ecosystem for Nigeria and emerging markets more broadly.


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