News
Winners Emerge at ARM’s DAAYTA 2020 Edition

The finalists pitch event for the 2020 edition of the Deji Alli Young Talent Award (DAAYTA) programme held on March 6th, 2020 at Four Points by Sheraton, Lagos with Eferobosa Oguegbu of The Paper Packaging Company emerging winner to claim the N12 million grant.
DAAYTA 2020 focused on identifying start-ups with a minimum viable product (MVP) and at least one customer.
Having received about 425 applications from start-up entrepreneurs and following a rigorous review process, the top 6 contestants were chosen.
These six presented their pitches at the event in a bid to win the grant of N12 million – an amount that is earmarked to assist the winner to grow his/her business idea and make a sustainable social impact in the community.
The Deji Alli Young Talent Award (DAAYTA) programme is a youth awards initiative founded in 2015 by ARM in honour of its founding CEO Deji Alli.
The goal of the award is to provide support to young entrepreneurs with smart and innovative ideas that have a positive impact on people’s lives and the communities that surround them.
The top 6 finalists in their order of winning at the DAAYTA 2020 were; Eferobosa Oguegbu with her idea of The Paper Packaging Company a biodegradable paper-based alternative that is friendly to the environment; Emmanuel Ezenwere whose business idea Arone focuses on revolutionizing courier in Africa by providing a faster, cheaper and more eco-friendly delivery solution using autonomous drones;Chidi Nwaogu of Publiseer which assists independent African creatives distribute their creative works on over 400 digital stores worldwide, and they receive their royalties via African tailored payment methods, which are convenient; Debo Odulana with Doctoora e-Health Limited – a platform that aggregates underutilized capacity in existing medical facilities so that healthcare professionals can rent to attend to patients; Bright Williams of Neohaul Technologies – a company that provides an AI-powered IoT device that can be attached to trucks to figure out realtime job status/irregularities using AI algorithms. Ahamefula Uzoma with Livekampus Technologies – a platform that provides students with details on accommodation vacancies off-campus. It allows schools to gather off-campus housing data in real-time and provides valuable insights for stakeholders looking to explore the student housing market for investments.
Speaking about the event, Jumoke Ogundare, CEO of ARM said “I’m glad to say that the event went successfully as envisaged and I say big congratulations to the winner Eferobosa Oguegbu of The Paper Packaging Company and all runner ups.
“It is our belief that they all have what it takes to make a sustainable impact in their communities, and we can’t wait to start recording success stories as we have with the past winners of DAAYTA since its pilot edition in 2015.
“I also appreciate the entire team; sponsor and partners who have supported this initiative to enable us to achieve the aim of enabling young entrepreneurs with innovative ideas change the narrative in their various communities.”
The team of judges who delivered the sound judgment were: Dr. Ndidi Nnoli-Edozien – an Angel investor who has dedicated a major part of her life to building bridges between large businesses and entrepreneurs, helping thousands of people at the bottom of the economic pyramid (BOP) in Nigeria live better lives; Eric Idiahi, a Co-founder and Partner of Verod Capital Management Limited, a private equity firm with over $300M under management focused on making investments in West Africa; Kola Aina, founding Partner at Ventures Platform, an avid angel investor and mentor to start-up founders; Mitchell Elegbe, founder of Interswitch; Sadiq Mohammed, Deputy Group CEO of ARM Group;Folashade Olusanya, a Partner at Jackson, Etta & Edu and Victor Asemota, the Africa Partner for Alta Global Ventures, a US-based venture capital company.
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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