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Articles by Mubarak Umar
Sports Entertainment Tech The Lifeline Northern Nigeria Needs By Mubarak Umar
Sports, Entertainment, Tech: The Lifeline Northern Nigeria Needs By Mubarak Umar Northern Nigeria is currently at a defining moment where social pressures, economic uncertainty, and insecurity continue to shape the daily realities of millions.
NITDA, NUC Strengthen Partnership to Implement Digital Literacy and Skills Curriculum
By Mubarak Umar The National Information Technology Development Agency (NITDA) and the National Universities Commission (NUC) have renewed their commitment to implementing the Digital Literacy and Skills Curriculum across all Nigerian universities. This was announced during the Director General of NITDA, Kashifu Inuwa and his management team visit to the National Universities Commission (NUC), where they engaged with the newly appointed Executive Secretary, Professor Abdullahi Yusufu Ribadu.
Nigeria-Google Partnership: Renewing Nigeria’s Hope In AI And Digital Innovation
BY MUBARAK UMAR Nigeria is on the cusp of a transformative digital revolution, and collaboration with Google could be the catalyst needed to position the country as a global leader in artificial intelligence (AI) and digital innovation.
Nigeria-Google partnership: Renewing Nigeria’s hope in AI and digital innovation
Nigeria is on the cusp of a transformative digital revolution, and collaboration with Google could be the catalyst needed to position the country as a global leader in artificial intelligence (AI) and digital innovation.
Nigeria-Google Partnership: Renewing Nigeria’s Hope In AI and Digital Innovation
Nigeria-Google Partnership: Renewing Nigeria’s Hope In AI and Digital Innovation By Mubarak Umar Nigeria is on the cusp of a transformative digital revolution, and the recent partnership with Google could be the catalyst needed to position the country as a global leader in artificial intelligence (AI) and digital innovation.
Tax Bills not Threat to Govt Agencies – FIRS - Economic Confidential
Tax Bills not Threat to Govt Agencies – FIRS Zacch Adedeji, Chairman of the Federal Inland Revenue Service, has dismissed concerns that the four tax bills currently before the National Assembly threaten the existence of any government revenue-generating agency or its operations. This was contained in a statement from the FIRS on Wednesday.
Tinubu Approves Redesign of Abuja-Kaduna-Zaria-Kano Dual Carriageway
Tinubu Approves Redesign of Abuja-Kaduna-Zaria-Kano Dual Carriageway In a significant move to improve road infrastructure and alleviate the struggles of commuters, President Bola Ahmed Tinubu has given the green light for the redesign of the remaining 127 kilometers of the Abuja-Kaduna-Zaria-Kano dual carriageway. The newly proposed redesign will replace the existing asphalt pavement with continuously reinforced concrete pavement (CRCP).
FCCPC Warns DisCos: Arbitrary Customer Billing Is Unacceptable
Mr. Tunji Bello, the Executive Vice Chairman and CEO of the Federal Competition and Consumer Protection Commission (FCCPC), has urged electricity distribution companies to prioritize consumer rights in the electricity metering process. He made this call on Tuesday during a meeting between key stakeholders from Nigeria’s electricity sector and the FCCPC in Abuja. “We are here today because consumers’ rights in metering must be a priority,” Bello said.
Sawyer: NELFUND Provided N11 Billion Aid to 90,000 Students in Past Six Months
According to Dr. Akintunde Sawyer, the Managing Director of the Nigerian Education Loan Fund (NELFUND), the agency has disbursed N11 billion to 90,000 students within the past six months. Sawyer announced this during an oversight visit by the Senate Committee on Tertiary Institutions and TETFUND, led by its chairman, Muntari Dandutse, yesterday in Abuja. The NELFUND boss said the fees and stipends for over 90,000 students had been paid.
Empowering Nigeria’s Tech Sector: The Path to Innovation, Growth, and Global Competitiveness, By Nnedinma Obioha
Nigeria stands on the brink of a tech-driven transformation. With one of the largest youth populations in the world and a vibrant tech community, the country has tremendous potential to become a technology powerhouse. Our bustling hubs in Lagos, Abuja, and Port Harcourt showcase how Nigerian talent is driving innovation across diverse industries, from fintech to agritech, positioning Nigeria as a leader in Africa’s digital landscape.
NITDA stakeholder engagement: Collective vision for Nigeria’s digital innovation
By: Mubarak Umar The National Information Technology Development Agency (NITDA) in partnership with Lagos Business School (LBS) recently convened a workshop themed “Engaging Stakeholders for the Advancement of Nigeria’s Digital Economy” with a focus on the government agency’s role as a regulator. The seminar was held to foster alliance, understand sector-specific challenges, and create pathways for collaboration to drive Nigeria’s digital transformation.
National Grid Collapses Again
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CBN: N4.05tn Personal Loans Were Repaid In Q2
According to the Central Bank of Nigeria (CBN), Nigerians have repaid N4.05tn in personal loans during the second quarter of 2024. In the CBN’s latest quarterly economic report, The PUNCH observed that this repayment reduced personal loan balances from N7.52tn in the first quarter to N3.47tn in the second quarter, marking a 53.9 per cent decrease. This trend coincides with the CBN’s monetary policy adjustments aimed at curbing inflation and controlling money supply.
Report: Oando Plc Records 44% Decline in Profits
Oando Plc, a Nigerian energy company, has recently reported a 44% decline in its half-year profit to N62.6bn from N112.45bn which was recorded as of half-year 2023. The company disclosed this in its H1 Unaudited 2024 results filed with the Nigerian Exchange Limited. Oando blamed the dip in its profit after tax on higher exchange rate translations on administrative expenses and net finance costs.
Nigeria, Morocco, ECOWAS Advance Talks on $26bn African Gas Pipeline Project
Nigeria, Morocco, ECOWAS Advance Talks on $26bn African Gas Pipeline Project The federal government, alongside the Economic Community of West African States (ECOWAS), Morocco, and Mauritania, have reaffirmed their commitment to advancing the $26 billion African Atlantic Gas Pipeline project.
How Nigerian Banks Can Navigate Network Glitch By Maymunah Abdulwahab
Recent core banking upgrades across Nigerian Deposit Money Banks (DMBs) have sparked operational disruptions, leaving customers frustrated and unable to complete basic transactions. Despite reassurances, prolonged IT glitches have hindered account access, disrupted transfers, and eroded customer trust. Given the centrality of core banking systems to bank operations, these disruptions underscore a need for effective strategies to reduce service interruptions during important transitions.
352 LGs Record Zero Revenue in 2023 – Report - Economic Confidential
352 LGs Record Zero Revenue in 2023 – Report About 352 Local Government Councils in 17 states and the Federal Capital Territory failed to remit or generate any revenue to the coffers of their respective state governments in 2023, data sourced from the National Bureau of Statistics (NBS) showed. This is coming amid the ongoing tussle to grant Local Governments financial autonomy.
Apapa Customs Collects N1.8tn Revenue in 10 months
Apapa Customs Collects N1.8tn Revenue in 10 months The Nigeria Customs Service (NCS) Apapa Area Command said it collected N1.8tn as revenue between January and October 2024. The Customs Area Controller in charge of the command, Babatunde Olomu, disclosed this while addressing journalists at the command on Monday. Olomu said the revenue collection is coming despite the remarkable decline in the volume of trade.
Imported Rice Price Surges by 114%
Bags of Rice Imported Rice Price Surges by 114% The average price of imported high-quality rice sold loose has surged by 144.77 percent year-on-year as the Federal Government delays implementing its duty-free food policy. This is according to the selected food prices report from the National Bureau of Statistics (NBS).
NITDA Stakeholder Engagement: Collective Vision for Nigeria’s Digital Innovation By Mubarak Umar
NITDA Stakeholder Engagement: Collective Vision for Nigeria’s Digital Innovation By Mubarak Umar The National Information Technology Development Agency (NITDA), in partnership with Lagos Business School recently convened a Stakeholders’ Engagement Workshop, themed “Engaging Stakeholders for the Advancement of Nigeria’s Digital Economy with a Focus on NITDA’s Role as a Regulator and Enabler.” The strategic workshop held in Lagos and Abuja aimed to foster deeper connections, understand...
Nitda Stakeholder Engagement Collective Vision For Nigerias Digital Innovation
NITDA Stakeholder Engagement Collective Vision for Nigeria's Digital Innovation By Mubarak Umar The National Information Technology Development Agency NITDA, in partnership with Lagos Business School recently convened a Stakeholders Engagement Workshop, themed Engaging Stakeholders for the Advancement of Nigerias Digital Economy with a Focus on NITDAs Role as a Regulator and Enabler.
NIPR Named Finalist for Global Alliance World PR & Communication Award
NIPR Named Finalist for Global Alliance World PR & Communication Award The Nigerian Institute of Public Relations (NIPR) has been named a finalist for the prestigious Global Alliance World Public Relations & Communication Award, competing for the Global Public Relations Association of the Year title. This recognition places NIPR among esteemed organisations, such as the Public Relations Society of America (PRSA), in this competitive selection process.
Northern Nigeria: A Call to Ban the Almajiri Education System By Prof Baba El-Yakubu
Northern Nigeria: A Call to Ban the Almajiri Education System By Prof Baba El-Yakubu I cried when I watched a viral video of the famous Quran reciter Sheikh Ahmad Sulaiman displaying his captivating melodious voice at a thanksgiving session welcoming back Alhaji Bello Bodejo, the President of Miyetti Allah Kautal Kore. The Sheikh is my favorite reciter.
OIL EXPLORATION: Governor Ododo Seeks Partnership to Accelerate Investment - Economic Confidential
OIL EXPLORATION: Governor Ododo Seeks Partnership to Accelerate Investment …as FG reaffirms Kogi an oil producing state Kogi State Governor, Ahmed Usman Ododo has called for collaboration between the state and the federal government towards accelerating investment in the exploration of oil resources in the state. Governor Ododo made the call on Thursday, when he paid a working visit to the minister of state petroleum resources (oil) Senator Heineken Lokpobiri in Abuja.
S/Arabia Raises $1.1B for Displaced Persons in Nigeria, Lake Chad
S/Arabia Raises $1.1B for Displaced Persons in Nigeria, Lake Chad The Kingdom of Saudi Arabia, through King Salman Humanitarian Aid and Relief Centre (KSrelief), has hosted a Donors’ Conference in Jeddah, raising over $1.1 billion in pledges to support displaced persons and refugees across the Sahel and Lake Chad regions.
Kashifu Inuwa: Championing Nigeria's digital renaissance — Daily Nigerian
By Mubarak Umar In the rapidly evolving global digital landscape, nations must constantly adapt, innovate, and secure their technological ecosystems. Nigeria’s IT ecosystem, under the stewardship of the Chief Information Technology Officer and Director General Kashifu Inuwa of the National Information Technology Development Agency (NITDA), is emerging as a beacon of digital transformation.
Nigeria Did Not Request For Loan - IMF
The International Monetary Fund (IMF) has disclosed that the Nigerian federal government has not requested a loan. Abebe Selassie, the IMF Director of the African Department, made this known on Friday during a press conference in Washington, D.C., United States. There have been speculations and reports in some parts of the media that the federal government is looking to request a loan from the IMF.
Nigeria Eyes $1bn Monthly from US Diaspora Bond – Cardoso - Economic Confidential
Nigeria Eyes $1bn Monthly from US Diaspora Bond – Cardoso Nigeria is contemplating launching a diaspora bond in the United States in a bid to achieve monthly remittance inflows of $1 billion. Central Bank Governor (CBN), Olayemi Cardoso, disclosed this during an interview with Reuters on Thursday.
Air Peace to Increase Fares on Local Routes by 100% from November 1
Air Peace to Increase Fares on Local Routes by 100% from November 1 Air Peace, Nigeria’s flag carrier, says it will increase airfares on local routes from November 1. According to an internal memo, the airline said it would increase fares on the route by 100 percent. “Please be informed that effective 1st November 2024, Air Peace would be adding a 100% increase to their fares across all local routes,” the circular reads.
Kashifu Inuwa: Driving Nigeria's digital innovation
In a rapidly evolving global digital landscape, nations must constantly innovate and safeguard their technological ecosystem. Nigeria’s IT ecosystem, under the stewardship of the Chief Information Technology Officer, Mr. Kashifu Inuwa is emerging as a beacon of digital transformation.
Nigeria to Establish Creative Economy Development Fund
Nigeria to Establish Creative Economy Development Fund The federal executive council (FEC) has approved the establishment of the creative economy development fund (CEDF) and the implementation of the intellectual property (IP) monetisation pilot. The CEDF aims to provide funding to creative activities through various financial instruments. The FEC gave the approval on Wednesday during its weekly meeting chaired by President Bola Tinubu.
Old Naira Notes to Circulate Indefinitely
Old Naira Notes to Circulate Indefinitely The Central Bank of Nigeria (CBN) says Nigerians should disregard claims that the old naira notes will cease to be legal tender on December 31, 2024. In a statement on X on Thursday, Sidi Ali Hakama, acting director, corporate communications, said the old series of N200, N500, and N1,000 banknotes will remain legal tender as ordered by the supreme court on November 29, 2023.
IMF Reveals Factor Hindering Nigeria’s Socioeconomic Development
IMF Reveals Factor Hindering Nigeria’s Socioeconomic Development The International Monetary Fund (IMF) has said that Nigeria allocates the majority of its revenue to debt servicing, leaving limited funds for critical development projects.
TCN Explains Why Blackout Persists in North
TCN Explains Why Blackout Persists in North The Transmission Company of Nigeria (TCN) has said the blackout affecting parts of Northern Nigeria will persist due to security challenges hindering repairs on critical transmission lines. Despite efforts to restore electricity through alternative means, the TCN said the situation will not be fully resolved anytime soon.
Nigeria, Algeria, Uganda, 10 Others Join BRICS as Partner Countries
Nigeria, Algeria, Uganda, 10 Others Join BRICS as Partner Countries Nigeria and twelve other countries have joined the BRICS intergovernmental organisation as partner nations, not full members The announcement was made during the ongoing BRICS summit in Kazan, Russia, as the bloc seeks to enhance cooperation with emerging economies worldwide.
NCAA to Passengers: Know Compensation for Flight Delay, Missing Luggage, Others
NCAA to Passengers: Know Compensation for Flight Delay, Missing Luggage, Others The Nigeria Civil Aviation Authority (NCAA) has affirmed that passengers are entitled to compensation for flight delay, cancellation, luggage delay, missing or loss by airlines. Mr Michael Achimugu, the NCAA Director of Public Affairs and Consumer Protection stated this at a news conference on Thursday in Abuja.
Kashifu Inuwa: Driving Nigeria's digital innovation
In a rapidly evolving global digital landscape, nations must constantly innovate and safeguard their technological ecosystem. Nigeria’s IT ecosystem, under the stewardship of the Chief Information Technology Officer, Mr. Kashifu Inuwa is emerging as a beacon of digital transformation.
Kashifu Inuwa: Championing Nigeria’s Digital Renaissance
By Mubarak Umar In the rapidly evolving global digital landscape, nations must constantly adapt, innovate, and secure their technological ecosystems. Nigeria’s IT ecosystem, under the stewardship of the Chief Information Technology Officer and Director General Kashifu Inuwa of the National Information Technology Development Agency (NITDA), is emerging as a beacon of digital transformation.
Wike, Ango, and the FCT Revenue Drive By Abdullahi O Haruna Haruspice
Wike, Ango, and the FCT Revenue Drive By Abdullahi O Haruna Haruspice The recent appointment of Mr. Michael Hadi Ango as Acting Chairman of the Federal Capital Territory Internal Revenue Service (FCT-IRS) has drawn significant attention, especially from economic analysts. Ango’s wealth of experience in revenue administration, financial management, and organizational leadership makes his appointment timely, aligning with the ambitious revenue goals set by Nyesom Wike, the FCT Minister.
Pantami Advocates for AI in Conflict Resolution and Peace-Building
Pantami Advocates for AI in Conflict Resolution and Peace-Building Artificial Intelligence (AI) has the potential to play a transformative role in conflict resolution and peace-building initiatives, according to Professor Ali Isa Pantami, a leading authority on digital technology and former Minister of Communication and Digital Economy.
Centre Installs Axia ChemiSEM Scanning Electron Microscope in UNN
The Africa Centre of Excellence for Sustainable Power and Energy Development (ACE-SPED) in University of Nigeria Nsukka has installed a state-of-the-art Axia ChemiSEM Scanning Electron Microscope (SEM) worth millions of Naira in its Material Characterisation laboratory. The cutting-edge equipment stands referenced as one of a few fully equipped SEM in any Nigerian university.
Championing Nigeria's Digital Renaissance, By
In the rapidly evolving global digital landscape, nations must constantly adapt, innovate, and secure their technological ecosystems. Nigeria’s IT ecosystem, under the stewardship of the Chief Information Technology Officer and Director General Kashifu Inuwa of the National Information Technology Development Agency (NITDA), is emerging as a beacon of digital transformation.
Minimum Wage: Labour Rejects FG’s N60,000 Proposal
The organised labour has just turned down the federal governments proposal of N60,000 as the new national minimum wage for Nigerian workers. The new figure which was an increase of N6,000 to its earlier offer of N54,000 was proposed during Tuesday’s resumed negotiation between the federal government, the organised labour represented by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) and the private sector.
Marine & Blue Economy Reports Q1 Revenue Increase of 92%
The Federal Ministry of Marine and Blue Economy has reported an increase in revenue for the first quarter of 2024, with N242 billion compared to N126 billion recorded in the same period in 2023, indicating an increase of 92 per cent. A breakdown indicated that the Nigerian Ports Authority (NPA) grew its revenue from N82.98 billion in the first quarter of 2023 to N170.49 billion in the first quarter of 2024.
NAHCON Urges Pilgrims To Drink Water, Avoid Heatstroke
As heatstroke is expected to peak as high as 50 degrees Celsius in the coming days, the National Hajj Commission of Nigeria (NAHCON) on Tuesday charged Nigerian pilgrims in Saudi Arabia for this year’s Hajj to drink a lot of water and avoid the sun as much as possible. This was made known by the Head of the National Medical Team for the 2024 Hajj, Dr Abubakar Adamu Ismail, in Makkah during an interactive session with Nigerian journalists covering the Hajj.
Hajj: Saudi Govt. Warns Against Visa Violations
The Saudi Ministry of Hajj and Umrah has cautioned against participating in hajj without a valid visa. The Assistant Director, Public Affairs, National Hajj Commission of Nigeria (NAHCON), Mrs Fatima Usara, made this known in a statement on Tuesday in Abuja. Usara said that the Saudi Ministry of Interior stipulated a penalty of deportation and fine of 10,000 Saudi Riyas for anyone caught performing hajj without authorised hajj permit.
FG Targets 40% Local Content for Nigeria's Automotive Industry - Uzoka - Economic Confidential
The Ministry of Industry, Trade and Investment has unveiled plans to boost local content in the Nigerian automobile industry by sourcing 40% of components domestically. This initiative seeks to tap into the sector’s vast potential and unlock new opportunities for growth and development.
FG Secures $3.5bn Investment Capital to Unlock Textile Industry
Minister of Industry, Trade and Investment, Doris Nkiruka Uzoka-Anite, has announced that the Federal Government attracted a $3.5 billion investment capital to unlock the textile industry.
Assessing Tinubu’s Renewed Hope in Health a Year After By Aishat M. Abisola - Economic Confidential
Upon his inauguration on May 29, 2023, President Bola Ahmed Tinubu and his administration embarked on a mission to reform Nigeria’s health sector, address longstanding issues and improve healthcare delivery across the nation. It is however apt to assert that before Tinubu’s government was enthroned, Nigeria’s healthcare system was plagued by several issues such as insufficient infrastructure and poorly equipped hospitals and clinics (particularly in rural areas).
Tinubu: After One Year, Where is the Light, By Lawal Dahiru Mamman
Tinubu: After One Year, Where is the Light By Lawal Dahiru Mamman The power sector has long been a critical concern in Nigeria. Prior to the 2023 general elections, President Bola Ahmed Tinubu promised, in his manifesto, to revamp this important sector of the economy. “Nigeria’s growth continues to be stifled by the structural constraints of the power sector.
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