Category: Business Day

President Bola Tinubu on Thursday appointed Joash Ojo Amupitan (SAN) as the new chairman of the Independent National Electoral Commission (INEC), ushering in a new era for Nigeria’s electoral body amid rising calls for reforms.

Amupitan, 58, hails from Ayetoro Gbede in Ijumu Local Government Area of Kogi State. A professor of law at the University of Jos and an alumnus of the same institution, he specialises in Company Law, Law of Evidence, Corporate Governance, and Privatisation Law. He became a Senior Advocate of Nigeria in 2014.

His appointment comes at a critical period of Nigeria’s democracy, following widespread criticism of the 2023 general elections. The polls were marred by controversies over result transmission failures, logistical delays, and allegations of partisanship. Recent off-cycle gubernatorial elections have also faced similar challenges.

Mahood Yakubu, former chairman, introduced several reforms during his 10-year tenure in office, including Bimodal Voter Accreditation System (BVAS) and the INEC Result Viewing Portal (IReV), but the success of these devices appears to be derailed by politicians who have mastered how to manipulate the devices, throwing recent elections into chaos and disputes.

A recent example was the Edo State governorship election, where disputes arose over the collation of results at the state headquarters, rather than the designated local government collation centres.

With the 2027 general election approaching, public confidence in the commission remains low. Political party defections, early campaigns, and heightened tensions have further put INEC under pressure to show neutrality and independence.

Public trust in elections

Stakeholders say the immediate task before Amupitan is to rebuild public trust and restore confidence in the electoral system.

‘The former chairman started well, especially with the technological innovations but politicians later defeated him to his game. Our electoral system need total overhaul,’ Temitope Musowo, public policy expert and lecturer, told BusinessDay.

‘Amupitan must assess the performance of technology in the conduct of elections in Nigeria and see where there are lapses to improve the system.

‘It is either he is ready to work or he should decline the offer. A lot of people don’t want free and fair election in Nigeria because they are not popular,’ he noted.

According to him, the new chairman must immediately show Nigerians that he is not a political appointee but a servant of the constitution and must work for Nigerians.

Similarly, Amina OJei, political analyst at the Centre of Electoral Reforms, called for immediate reforms in INEC, saying that they must be swift, inclusive, and transparent.

‘INEC must lead the charge in collaborating with the National Assembly and the civil society to close legal loopholes that enable malpractices,’ Ojei said.

Experts also expect Amupitan to drive amendments of the Electoral Act, particularly in areas dealing with result collation and electronic transmission.

‘Strengthening electronic transmission from polling units will promote transparency and accountability,’ said Kunle Okunade, another political analyst. ‘That’s how to rebuild public trust in our electoral process.’

Source of funding for INEC should change

Many stakeholders say that any move to give INEC autonomy must start with its source of funding. There are reports that the commission activities have been affected by limited funding recently. Such was seen in the 2023 poll where not all the money budgeted for the general election was released by the executive.

Speaking some days ago at a webinar on electoral reform, Obiageli Ezekwesili, former education minister, had called for urgent financial and operational autonomy for INEC to function effectively, saying that the electoral body should be funded directly from the consolidated fund.

Challenge of restoring faith in BVAS and IReV

With technology now central to Nigeria’s electoral process, the new chairman faces the challenge of restoring faith in BVAS and IReV, both of which experienced significant malfunctions during previous elections.

Pundits say digital integrity, cybersecurity, and operational reliability will be critical in the 2027 general election.

Ezekwesili had demanded the strengthening of the results collation mechanism, change in the procedure for the appointment of INEC commissioners, strong penalty against electoral offenders, among other reforms, ahead of 2027.

She had called upon the National Judiciary Commission to discipline judges who undermine the electoral system by giving frivolous rulings and colluding with politicians.

‘Case exceeding the timeline should not be allowed. We need specialised courts for election cases in Nigeria urgently and judges should be randomly picked for these cases to check manipulation,’ Ezekwesili said.

Youth disillusionment, poor voter turnout

The 2023 elections witnessed a surge in youth voter registration, driven mainly by political movements on social media.

However, post-election surveys indicated a wave of disillusionment among young Nigerians, many of whom felt their votes did not count.

Voter turnout has been in steady decline in Nigeria over the last decade, and there are fears it would will be worse in 2027.

Political analysts say Amupitan must rise to restore Nigerian youths’ confidence in the electoral system, which will be key to increasing voter turnout in 2027.

‘To gain youth confidence, the election umpire at this moment needs to work on the human and material logistics during the election day,’ Okunade noted.

The National Single Window (NSW) initiative, a major reform aimed at streamlining trade processes, improving transparency, and speeding up cargo clearance will lower business costs and boost operational efficiency at Nigeria’s ports.

Tola Fakolade, Director of the National Single Window Project and Head of Secretariat made this known at the National Single Window Stakeholders’ Forum held Thursday in Lagos.

Participants included representatives from the Standards Organisation of Nigeria (SON), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Export Promotion Council (NEPC), Nigerian Investment Promotion Commission (NIPC), Council for the Regulation of Freight Forwarding in Nigeria (CRFFN), Association of Nigerian Licensed Customs Agents (ANLCA), National Association of Government Approved Freight Forwarders (NAGAFF), and the Truckers Association of Nigeria, among others.

Fakolade said at the forum that the initiative demonstrates President Bola Tinubu’s determination to build a competitive, technology-driven trade environment.

The NSW, according to Fakolade, will function as a digital platform connecting all government agencies involved in import and export procedures on a single online system, removing duplicate documentation and minimising physical interactions that often fuel inefficiency and corruption.

‘It is the President’s desire to see importers and exporters carry out their businesses seamlessly,’ Fakolade stated. ‘The era of diverting consignments and investments to neighbouring ports due to inefficiencies and high costs will soon be over. This initiative will simplify and harmonise trade processes while cutting transaction time and cost.’

He disclosed that the project has entered its crucial development and integration phase after more than a year of assessments and requirements analysis, with an operational target set for Q1 2026.

‘Achieving seamless integration at this stage is essential. We are ensuring that all technical and institutional frameworks are aligned to deliver on schedule,’ he added.

The forum, jointly organised by the National Single Window Secretariat and the Nigeria Customs Service (NCS), convened stakeholders from trade, logistics, maritime, aviation, and regulatory sectors to assess project progress and strengthen collaboration ahead of deployment.

Fakolade further disclosed that integrating the NSW with the African Continental Free Trade Area (AfCFTA) framework would create new opportunities for Nigerian exporters by reducing trade costs, enhancing supply chain visibility, and improving regional competitiveness.

‘A fully functional National Single Window will give Nigerian businesses a cost advantage and increase their participation in intra-African trade,’ he said.

Panelists at the forum shared perspectives on their agencies’ roles in supporting implementation, while acknowledging persistent challenges such as multiple cargo inspections, non-harmonised documentation, and infrastructure constraints. They assured participants that ongoing inter-agency coordination would ensure a smooth transition to the new system.

The session featured open discussions on timelines, integration readiness, and stakeholder responsibilities, with government officials assuring that measures were being implemented to guarantee the sustainability of reforms.

The organisers said the forum was designed to foster collaboration, alignment, and ownership among trade facilitation stakeholders, while providing updates on project milestones, hosting a stakeholder town hall to address questions and gather feedback, and announcing the expected launch timeline and pre-implementation readiness plans.

Participants expressed optimism that once operational, the NSW would drastically reduce clearance time, cut logistics costs, and make Nigeria’s ports globally competitive.

‘This project is a game-changer for Nigeria’s trade ecosystem,’ Fakolade declared. ‘When fully implemented, it will deliver measurable benefits to businesses, government revenue, and the wider economy.’

Analysts believe the National Single Window initiative, has long been recognised as a critical enabler for Nigeria’s trade modernisation and port reform agenda.

By connecting all trade-related agencies and stakeholders on one platform, it promises to transform Nigeria into a more efficient, transparent, and investor-friendly trade hub in West Africa.

Nigerian music fans, rejoice! The most popular African music star right now, Davido, has a new tour planned, one that would span several major concerts around his country of origin. Born and raised in Lagos, there is no better person for a musical tour of Nigeria, as he promotes everything that he stands for. Afrobeats are about to sweep the continent, and the fans of the iconic genre are here for it.

Davido has officially announced that his ‘5ive Alive Tour’ will make a grand homecoming in Nigeria this year, bringing his concert experience to multiple cities across the country. The Nigerian leg is slated to span six dates between October and December 2025, with performances in stadiums and prominent venues. Read on to learn more about it.

5ive Alive Tour Details

What better way to revive the live music scene across Africa than a historic tour by one of Africa’s greatest hitmakers? Fresh from the release of a successful new album and the ongoing Davido partnership with Stake, the singer is poised for an even bigger 2025. The tour opens in Akwa Ibom on October 18, 2025, where Davido will perform at Godswill Akpabio Stadium. From there, he moves to Enugu on October 26, with a show at Michael Okpara Square. On October 29, he will appear in Adamawa at Mahmud Ribadu Square. Three big concerts in less than 3 weeks. Not a bad month for his fans!

But that is hardly it. Continuing the tour, November 1 brings Davido to Ibadan, where he will take the stage at Liberty Stadium. Then, after a brief interval, the tour resumes on December 14 in Abuja, at Eagle Square. Finally, the Nigerian leg concludes with a special show in Lagos on December 25, held at Eko Hotel. This lineup is a major moment for fans in Nigeria, as for many cities, it will mark one of the largest stadium scale performances seen locally. It will also be the first time many local fans will get to see the ultra popular performer sing live.

As part of the broader 5ive Alive Tour, which has already rolled out globally, this Nigerian stretch is being billed as a ‘homecoming’ celebration. It will give fans across the country a chance to experience Davido’s new album and other big hits live. Fans are already anticipating a high production value, grand stage setups, and surprise guest appearances. With cities spanning from the South to the North, the tour is designed to touch a wide geographic spread of Nigeria’s fan base. Tickets are sure to go up in a matter of minutes.

Davido’s Latest Album, 5ive

Davido’s latest album, 5ive, is his fifth studio project, released on April 18, 2025, under Davido Music Worldwide, Columbia, and Sony Music. Recorded over two years from 2023 to 2025, the album stays rooted in Afropop and Afrobeats while also exploring RandB, Amapiano, dancehall, and international crossover sounds. It features 17 tracks, and Davido revealed that he started with about 80 songs, which he narrowed down with input from friends and family who helped rank them. The title 5ive not only marks the milestone of his fifth album but also carries symbolic meaning. Davido associates the number 5 with growth, change, hope, grace, and a new sense of balance in his life. Plus, the fifth album, named after number five, and released in 2025? Great symbolism all around.

The album includes collaborations with a mix of local and global stars. Featured artists include Victoria Monét on ‘Offa Me,’ Chris Brown on ‘Titanium,’ 450 and Shenseea on ‘RandB,’ YG Marley on ‘Awuke,’ Musa Keys and Victony on ‘Holy Water,’ Becky G on ‘Tek,’ Odumodublvck and Chike on ‘Funds,’ Tayc and Dadju on ‘Lover Boy,’ and Omah Lay on the closing track ‘With You.’ Some of the standout singles leading up to the album’s release were ‘Awuke,’ ‘Funds,’ and ‘Be There Still,’ each receiving strong streaming numbers and airplay. Tracks like ‘Offa Me,’ ‘Titanium,’ and ‘With You’ have all charted within the top 10 on the US Afrobeats Songs chart.

Commercially, the album made a strong debut. In the United States, it sold 7,300 equivalent album units in its first week and debuted at number 2 on Billboard’s World Albums chart. It also dominated the USA Afrobeats Songs chart, where 16 out of 17 tracks from the album appeared on the list in one week, 14 of them debuting. In Nigeria, the album peaked at number 1 on the TurnTable Albums Chart and amassed over 33.9 million streams and 22,640 album equivalent units in its first week. On Apple Music Nigeria, nearly all of the album’s tracks entered the Top 40, many easily reaching the Top 10. Globally, the project charted in 40 countries on Apple Music and hit number 1 in six countries, including African nations of Nigeria, Gambia, Uganda, and Cameroon. On its release day alone, the album reached over 12.5 million streams across platforms.

Critically Acclaimed Passion Project

As a passion project and an ode to African heritage and musical beats, the album is deeply personal for Davido. He created it during a transformative time in his life, as it follows the tragic loss of his three year old son in 2022, and the later arrival of his twins. These life events have influenced the emotional tone and reflective nature of the project. Davido has said that 5ive reflects his journey through his truth, growth, and personal evolution. The process of curating the final tracklist was unusually transparent and involved a hands on ranking system with his inner circle helping him pick the most impactful songs. It does not get any more personal than that.

Critics have praised the album for its ambition and diversity. Tracks like ‘Offa Me’ and ‘Titanium’ have been highlighted for their global appeal, though some reviewers felt the album was a bit too long and had a weaker middle section. The introductory spoken word poem, delivered by Alhanislam, received mixed reactions, some calling it overblown. Still, the album’s intent to bridge African sounds with international appeal is clear, and the collaborations with artists like Chris Brown, Victoria Monét, and Becky G show Davido’s mission to cement Afrobeats’ place on the global stage. His fifth studio album is widely seen as a symbol of resilience, reinvention, and Davido’s continued evolution as one of Africa’s most prominent musical exports. It could end up being his most successful.

Details about Davido’s Deal With Stake

Davido signed a historic brand ambassador deal with the online betting and gambling platform Stake in May 2025. Reportedly, it is worth $18 million, equivalent to approximately 25 billion Nigerian Naira. The move made him the first African artist to join the elite team of global ambassadors of Stake, which includes Israel Adesanya, Drake, Sergio Aguero, and many others. The primary objective of the collaboration is to substantially increase the platform’s presence in the African market through innovative marketing campaigns and fan engagement activities on online platforms. When it went through, the service was delighted to welcome their new global ambassador to the ever growing team.

The African phenomenon has so far had a career that has reshaped African music on the world stage. His talents bring unrivaled energy, creativity, and star power that the fans of sports betting, casino games, and novelty gaming on the continent will easily identify with. Growing up in Lagos, Nigeria, he knows exactly what moves the country and the entirety of Africa. With more than 30 major awards to his name, Davido’s influence is huge, and the partnership has already been beneficial for both sides. He is no longer only a popular music star who does great things for his people. Now, Davido is famous for his music, entertainment, and partnership with Stake.com.

Other Notable Stake Partnerships

The recent deal with Davido is hardly Stake’s first big profile move in terms of marketing and ambassadorship. The popular online casino and sportsbook is famous around the world for its incredible sponsorships. Starting with sports, they quickly moved to esports and music, and their portfolio of partners now includes some truly incredible teams, leagues, and individuals.

Stake is Everton’s main shirt sponsor under a multi year deal that began in July 2022, marking the most lucrative front of shirt agreement in the club’s history. The deal includes branding on men’s and women’s kits of the staple Premier League side, as well as training gear, stadium signage, and digital platforms. It has significantly increased the club’s global commercial reach. Everton is playing well, too, further boosting the sportsbook’s image.

The online sports betting and casino gambling platform is also the title and livery partner of the Sauber Formula 1 team, which now races under the official name Stake F1 Team KICK Sauber. The partnership extends beyond naming rights and involves branding integrations, digital innovation, and collaborations with other sponsors. It positions the team at the intersection of motorsport and entertainment. Nico Hulkenberg and Gabriel Bortoleto drive black and green cars, the color theme of Stake’s sister platform, the streaming service Kick.

Stake became the official title sponsor of the Caribbean Premier League (CPL) Trinbago Knight Riders (TKR) in July 2025 through a multi year deal. The partnership includes branding on team apparel and assets, fan engagement campaigns, social media posts, and integrations aimed at leveraging cricket’s broad Caribbean and global fan base to expand Stake’s presence. The deal was an instant success, as the team won the 2025 championship.

One of the biggest deals Stake has is outside of sports, and it is their deal with the Canadian music superstar Drake. His partnership with Stake is centered around high profile live streams, giveaways, and crypto based promotions where he plays games on Stake and streams on Kick. Their collaboration has featured large scale donations and publicity stunts, including a $1 million Bitcoin donation to charity. The star’s influence has benefited Stake’s global betting brand.

Stake is also the official betting partner of the UFC in various international markets. The partnership includes co branded content, fighter promotions, and real time betting integrations during live events. Their logo is also displayed in the octagon during certain events, strengthening Stake’s visibility in combat sports and appealing to a younger, digitally native audience that follows the UFC. This also extends to individual deals with many popular fighters like Merab Fvalishvili and Alex Pereira.

Davido FAQs

1. Who is Davido, and where is he from?

Davido, whose real name is David Adedeji Adeleke, is a Nigerian American singer, songwriter, and record producer. He was born in Atlanta, Georgia, USA, but was raised in Lagos, Nigeria.

2. How did Davido become famous?

Davido rose to fame in 2011 with his hit single ‘Dami Duro’. The song quickly became a national anthem in Nigeria and helped establish him as a major figure in the Afrobeats scene.

3. What is Davido’s connection to wealth and royalty?

Davido comes from a wealthy and influential family. His father, Adedeji Adeleke, is a billionaire businessman, and his late mother was a university lecturer. He is also part of the Adeleke political dynasty in Osun State, Nigeria.

4. What are Davido’s biggest songs?

Some of his biggest hits include Fall, If, FIA, Blow My Mind (feat. Chris Brown), and Unavailable (feat. Musa Keys).

5. Has Davido won any major awards?

Yes, Davido has won numerous awards, including BET Awards, MTV Africa Music Awards, and The Headies. He has also been nominated for international awards, including MTV EMAs and Soul Train Awards.

6. Is Davido signed to any international record label?

Yes. In 2016, he signed a record deal with Sony Music and later launched his own imprint, Davido Music Worldwide (DMW).

7. Who are some international artists Davido has collaborated with?

Davido has worked with several global stars from different genres, including Chris Brown, Nicki Minaj, Lil Baby, Summer Walker, and Popcaan.

8. What is Davido’s role in popularizing Afrobeats globally?

Davido is considered one of the key figures in taking Afrobeats to the global stage. His music has bridged the gap between Africa and the rest of the world, gaining massive followings in the USA, UK, and beyond.

9. What is Davido’s latest album?

As of 2025, his latest album is ‘5ive’, which received critical acclaim and set streaming records on platforms like Audiomack and Apple Music Africa. It was released on April 18, 2025.

10. Is Davido involved in philanthropy?

Yes, Davido is known for his charitable acts. In 2021, he raised over $600,000 via social media and donated it to orphanages across Nigeria, in celebration of his birthday.

The Arthroplasty Society of Nigeria (ASN) has once again placed the spotlight on the future of joint replacement surgeries in the country, as experts, surgeons, patients, and policymakers gathered for its 6th Annual Scientific Conference held in Lagos.

With the theme ‘Optimising Arthroplasty Outcomes in Nigeria’, the two-day meeting convened leading orthopaedic surgeons, physiotherapists, anaesthetists, hospital administrators, and patients to examine how Nigeria can bridge the gap between global standards of joint replacement and the realities of its healthcare system.

From in-depth sessions on the latest surgical techniques to forward-looking debates about implant accessibility and local manufacturing, the conference underscored an urgent message: arthritis, hip dysplasia, and other degenerative joint diseases are no longer niche issues; they are public health concerns that demand systemic solutions.

The rising burden of arthritis

Delivering the opening session, ASN President, Aniekan Ekere, MD, FMCS, FMCOrtho, FWACS, FICS, MBA( exec.), DMP, emphasised that hip and knee arthritis is not just a problem of ageing, but one exacerbated by lifestyle, inadequate early diagnosis, and limited treatment options.

According to him, the society’s mission is to improve access to life-changing procedures and ensure that Nigerian patients can receive world-class outcomes without leaving the country.

‘This conference reflects how far we have come as a society, expanding our expertise beyond hips and knees to embrace every major joint that affects quality of life. It is a vital platform to strengthen our profession, improve patient outcomes, and position Nigeria at the forefront of arthroplasty innovation,’ Ekere said.

Sessions throughout the conference tackled the full surgical pathway, patient selection, anaesthesia in resource-limited settings, sterilization protocols, advances in prosthesis design, post-operative physiotherapy, and financing models for affordability.

Notably, discussions on registries and fellowships highlighted the need to build a sustainable ecosystem of research, training, and data-driven practice. A patient’s testimony: From phobia to advocacy

Perhaps the most moving session came during the patient engagement panel, where stories of resilience and recovery illustrated the real-world impact of arthroplasty. Among the voices was Daniel Oyebanji, father of Nigerian music icon D’banj, who shared his long and harrowing journey to successful knee replacement.

Oyebanji, a retired military officer, had battled severe arthritis after decades of active service in the army. His first two attempts at knee replacement, one in China (2021) and another in the United States (2023) were aborted due to complications with pre-anaesthesia. The repeated failures left him with a deep phobia of surgery. That changed in September 2023 when he met a doctor in the National Orthopaedic Hospital, Lagos. With careful reassurance, this doctor encouraged him to undergo the procedure in Nigeria.

On September 25, 2023, Oyebanji successfully received his knee replacement at NOHIL. Remarkably, he began physiotherapy the very next day.

Two years on, he now moves with ease and has become a passionate advocate for arthroplasty awareness in Nigeria.

‘After failed attempts abroad, I found my breakthrough here in Nigeria. My successful knee replacement at NOHIL has given me back my mobility and confidence. I want every Nigerian to know that we can trust our own doctors and hospitals, the expertise is here at home. I am grateful beyond words, and I will continue to advocate so that more people can overcome their fears and embrace the care available in our country,’ he said to resounding applause.

His testimony drew admiration from participants, serving as a reminder that behind every technical discussion, the true measure of success lies in patients reclaiming their mobility and dignity.

Building a sustainable future for arthroplasty in Nigeria

Beyond clinical breakthroughs, the conference pressed on critical policy questions. How can Nigeria develop financing models that make joint replacement accessible to middle- and low-income patients? How might local manufacturing reduce dependence on expensive imported implants? What frameworks are needed to train the next generation of arthroplasty surgeons?

Debates were robust.

Some argued for cementless hip arthroplasty as the national standard, while others cautioned that outcomes should be matched against patient profiles and cost realities. Panelists also weighed in on the importance of multidisciplinary teams, noting that successful outcomes depend not only on surgeons but also on anaesthetists, physiotherapists, and post-operative caregivers.

A call for collaboration

In his closing remarks, Ekere reiterated that progress will only come through collaboration across the healthcare value chain-surgeons, researchers, government, and industry.

He emphasised that the society is committed to ensuring Nigeria not only keeps pace with global advancements but also develops context-specific solutions for its unique challenges.

The conference concluded with a dinner and networking session, leaving participants energised for the road ahead. For patients like Oyebanji and countless others, the message was clear: arthroplasty is not merely a medical procedure; it is a second chance in life.

Olasupo Olusi, Managing Director of the Bank of Industry (BOI), ,has called for deliberate and coordinated actions to unlock Africa’s full industrial potentials.

Olusi said this on Thursday at the inauguration of Course 34 of the National Defence College (NDC) in Abuja.

The managing director spoke while delivering a lecture titled ‘Optimising Capacity for Industrialisation and Socio-Economic Development in Africa’ .

According to him, the continent possesses both the talent and resources to achieve rapid and sustainable industrial growth.

He said Africa’s industrial journey was not a matter of chance but of deliberate choice, urging governments, businesses and citizens to align their efforts toward building a resilient and competitive industrial base.

Olusi outlined a five-point pathway to industrial transformation anchored on infrastructure and energy reforms, access to affordable long-term finance, investment in human capital, regional value-chain integration and strong institutional coordination.

‘Industrialisation is not a miracle; it is a method. Progress is cumulative, not spontaneous.

‘If we execute with patience, precision and persistence, Africa can move from a continent that consumes to one that produces and protects itself,’ he said.

The BOI boss described the current period as a defining moment for the continent.

He said global disruptions such as the green transition, emerging technologie and shifts in global trade patterns offered Africa an opportunity to reimagine its economic model around self-reliance and innovation.

He said while challenges such as inadequate infrastructure and energy deficits persist, they could become springboards for transformation if addressed strategically.

Citing data from the International Energy Agency, Olusi said Africa would need about 25 billion dollars annually until 2030 to achieve universal electricity access.

According to him, this target that will significantly boost productivity and reduce industrial costs.

He identified ongoing projects like the Lagos-Abidjan Highway and the Trans-Saharan Trade Route as vital for connecting industrial and agricultural zones, reducing freight costs, and facilitating intra-African trade.

‘Roads, railways, and power lines are not merely infrastructure, they are instruments of sovereignty and investment in human capital was equally critical to sustaining industrial growth,’ he said.

The BOI chief emphasised that Africa’s youthful population could become a strategic advantage if equipped with the right technical and vocational skills to drive innovation and productivity.

According to him, over 60 per cent of Africa’s population is under 25 years of age, yet fewer than 10 per cent receive vocational or technical training.

He, therefore, urged governments to shift from degree-oriented education to skills-driven learning that connect classrooms to factory floors.

Olusi also emphasised the importance of affordable long-term financing as the oxygen of industrialisation.

He said that development finance institutions such as the Bank of Industry played a critical role in providing patient capital for manufacturing, renewable energy and technology sectors.

He said that the BOI had continued to raise capital through debt instruments, syndicated loans and green financing to support productive enterprises.

He emphasised that every dollar of public capital must drive impact, sustainability and profitability.

Olusi further urged that African countries to leverage the African Continental Free Trade Area (AfCFTA) to build regional value chains, stressing that no nation could industrialise in isolation.

‘When goods, skills, and ideas move freely, industrialisation becomes sustainable. Cooperation, not competition, will make Africa stronger,’ he said.

The BOI boss also called for strong, coordinated institutions to sustain industrial growth, saying that the continent must move from policy announcements to measurable performance and accountability.

He commended Nigeria’s Ministry of Defence and the Defence Industries Corporation of Nigeria (DICON) for promoting local production of military hardware.

He reiterated the need for industrial capacity to be viewed as a component of national defence and security.

‘A secure Africa must also be an industrialised Africa. A nation that cannot produce its own food, medicine, or machinery cannot claim to be secure.

‘ I, therefore, urge participants of the Defence College to treat industrial readiness as a strategic defence objective and to promote local production capacity as a measure of national resilience.

‘ African leaders needs to translate vision into execution through discipline, collaboration, and clarity of purpose.

‘If we begin today, within five years we can export at scale and within a generation we can achieve true economic sovereignty,’ he said.

A good number of pupils across 73 public primary schools will receive educational materials courtesy of Ibadan North Local Government in Oyo State.

This is as the schools are also to benefit from the distribution of school furniture, including desks and chairs as well as board markers and chalks, among others.

Seun Olufade, Chairman of the Local Government, who stated this at the commencement of the distribution of the educational materials worth millions of Naira, held at the Ibadan North Local Government Secretariat, said the move was meant to encourage students in their educational pursuit.

He added that it would also assist parents in lessening the burden of giving education to their wards, commending Governor ‘Seyi Makinde for his support.

The chairman maintained that the items to be distributed include 800 seats and desks, packs of chalk and board markers, 300 school bags and 200 pairs of school sandals. He noted that the effort was aimed at improving the learning environment and easing the challenges faced by pupils and teachers, saying: ‘Well, it is some sort of encouragement to let our students understand and know that education is key and it is very essential.

‘We are preparing them so that they know they are the leaders of tomorrow and also know that they should take their education seriously.

‘As the Executive Chairman of Ibadan North Local Government and a youth as well, I want to say that it is another encouragement for them; that when they face their education squarely, there is nothing in life that they can’t become.

‘This is just about giving back the dividends of democracy. Other local government chairmen have also been doing wonderfully well. Some of them did similar things in the past and I am sure moving forward, others will do it as well.’

Nureni Adeniran, the chairman of the Oyo State Universal Basic Education Board (SUBEB) speaking during the symbolic presentation of the materials, commended Olufade for the initiative.’

Describing it as a monumental effort to strengthen the state government’s drive towards quality education and the eradication of the ‘no-seat’ challenge in public schools, Adeniran noted that the intervention would significantly alleviate the difficulties faced by public primary schools within the Local Government.

The management of Dangote Petroleum Refinery has dismissed reports alleging that it is importing finished petrol (Premium Motor Spirit, PMS) with high sulphur content into Nigeria, describing such claims as false, malicious, and misleading.

In a statement issued on Friday, the company clarified that the cargo being referenced is an intermediate feedstock and not finished petrol. It explained that, as a world-scale complex refinery, Dangote processes a range of crude oils and intermediate feedstocks, a globally accepted practice aimed at optimising production efficiency and product quality.

‘The cargo in question is an intermediate feedstock, not finished petrol, and will be fully refined in our units to meet both Nigerian and international quality standards,’ the company said.

Dangote further noted that its operations within a Free Trade Zone are strictly regulated, adding that the refinery refines and sells only high-quality fuels that comply with all regulatory specifications.

The company emphasised that its exports of petroleum products to the US and Europe, some of the most strictly regulated markets in the world, demonstrate its adherence to global benchmarks. ‘All imports are accompanied by quality certificates and shared transparently with regulators,’ the statement continued. ‘Dangote Petroleum Refinery is also willing to make these documents available to the public in the interest of full transparency and accountability.’

Reaffirming its commitment to Nigeria’s energy independence, the refinery pledged to maintain the highest standards of quality, transparency, and environmental responsibility.

‘Dangote Refinery remains fully committed to advancing Nigeria’s energy independence, upholding the highest standards of quality and transparency, and delivering cleaner fuels for Nigeria and beyond,’ the statement concluded.

The Dangote Petroleum Refinery, Africa’s largest industrial complex, commenced operations to transform Nigeria into a net exporter of refined petroleum products, thereby reducing the country’s reliance on imported fuel.

Troops of Operation Hadin Kai claimed to have successfully repelled a coordinated terrorist attack in the Ngamdu general area, following a swift response by forces on ground and reinforcement elements from 29 Task Force Brigade.

BusinessDay reports that the Super Camp Ngamudu, the military base in Kaga Local Government area came under heavy attacks by outlawed ISWAP fighters.

A statement by Sani Uba, Lieutenant Colonel and Media Information Officer, Joint Task Force North East Operation Hadin Kai in Maiduguri on Friday, indicated that four soldiers were killed and others sustained serious injuries caused by the terrorists group during a daring attack on the base.

He said, ‘The terrorists employed Rocket Propelled Grenades (RPGs), armed drones, and command-initiated Improvised Explosive Devices, targeting troops and own platforms. Despite the intensity of the attack, troops held their ground and responded with superior firepower, inflicting significant losses on the terrorists.

‘Unfortunately, own troops recorded 4 x Killed in Action (KIA) and 5 x Wounded in Action (WIA). Additionally, some Mine-Resistant Ambush Protected (MRAP) vehicles and Gun Trucks (GTs) sustained varying degrees of damage during the encounter. ‘The terrorists attempted to prevent reinforcements and inflict further casualties by planting multiple IEDs along the Ngamdu-Damaturu Main Supply Route (MSR). This necessitated a temporary closure of the MSR, as engineers swiftly responded to clear 3 IED-laden spots. Following successful clearance, the MSR has now been reopened to both military and civilian movement.

‘In response to the attack, troops were immediately resupplied with critical logistics, including MRAP tyres and ammunition, to sustain operations and restore full mobility. Credible intelligence confirms heavy terrorist casualties, with reports indicating mass burials of about 15 bodies conveyed in pushcarts by the terrorists for burial around Bula Wura, near Wasaram.

‘As part of continued efforts to dominate the area, 29 Task Force Brigade has launched fighting patrols and exploitation operations aimed at denying the terrorists freedom of action and consolidating operational gains.

‘The gallantry and resilience of the troops have been commended and the public assured that normalcy would be sustained with operations ongoing to maintain peace and security in the area.’

Several challenges trail Nigeria’s food sector. Farmers are faced with bad roads that make transportation from food-producing states difficult.

Experts say the agric sector requires urgent, coordinated investments to improve infrastructure, enhance farmers’ livelihoods, and build food system resilience.

A new report released by the World Food Programme (WFP), in partnership with the African Development Bank (AfDB) and the International Food Policy Research Institute (IFPRI), has listed out key recommendations that can improve efficiency as well as enhance the livelihoods of farmers.

The report titled ‘Investing in Innovative Food Systems Solutions in Challenging Contexts’ outlines a roadmap for transforming food production and distribution in Northern Nigeria, where insecurity, climate shocks, and poor infrastructure have eroded productivity over the years.

It emphasises how targeted policies and investments can help the region reclaim its role as the country’s agricultural powerhouse while supporting inclusive growth nationwide.

Identifying key areas for policy reforms and private-sector partnerships, the report urges the expansion of digital input platforms, rehabilitation of rural infrastructure, and the reduction of post-harvest losses that continue to undermine farmers’ revenue.

For a country that currently loses up to 30 percent of grains and 50 percent of perishable foods each year due to poor handling and inadequate storage facilities, effective policies must be implemented.

To reverse this trend, the report recommends deploying affordable hermetic bags, low-cost moisture meters, and community-based training on post-harvest management.

Also, it notes that expanding access to certified seeds and fertilisers through digital platforms would help address the challenge of counterfeit inputs and unstable pricing, improving farmers’ output and profitability.

‘Access to affordable, high-quality inputs must be expanded through mobile platforms that offer transparency and verified suppliers,’ the report said, adding that better logistics networks and the removal of multiple checkpoints along trade corridors would reduce informal levies that drive up food costs.

It highlights the need for investment in rural storage and cold-chain infrastructure, particularly in food-producing regions.

According to the report, investing in decentralised storage hubs and refrigerated warehouses will connect farmers to processors and urban markets while reducing waste and price volatility.

It noted that shared mechanisation and cooperative models are a pathway to greater efficiency, as by pooling equipment and resources, smallholder farmers can reduce production costs, increase productivity, and access better market opportunities.

However, beyond production, the report calls for policies that promote climate-smart agriculture, renewable energy integration, and land tenure reforms.

It argues that investments in solar-powered storage facilities, irrigation systems, and agroforestry can boost resilience against climate shocks and reduce dependence on diesel-based operations.

Similarly, equitable land access, particularly for women and young people, remains central to the transformation agenda.

‘Equitable access to land and resources will unlock innovation and reduce youth unemployment,’ the report said, noting that secure land ownership would encourage investment and entrepreneurship across value chains.

It further urged the federal government to link humanitarian and development efforts in the North by aligning food aid with longer-term system-building.

The report stressed that humanitarian food assistance should be leveraged to strengthen local food systems, calling for stronger public-private partnerships to expand infrastructure and credit access for agribusinesses.

Nigeria’s agricultural sector accounts for about 24 percent of Gross Domestic Product and employs nearly 36 percent of the labour force, yet productivity remains among the lowest in sub-Saharan Africa.

The report notes that implementing these recommendations could not only improve efficiency and farmer incomes but also stabilise food supply and reduce food prices.

By strengthening food systems through coordinated investments, policy alignment, and inclusivity, experts say Nigeria can unlock the full potential of its agric sector – transforming it from subsistence-driven to a globally competitive and resilient industry.

María Corina Machado, the leading figure of Venezuela’s democratic opposition, has been awarded the 2025 Nobel Peace Prize for what the Norwegian Nobel Committee described as her ‘tireless work promoting democratic rights for the people of Venezuela and her struggle to achieve a just and peaceful transition from dictatorship to democracy.’

The announcement was made on Friday at the Norwegian Nobel Institute in Oslo, recognising Machado’s decades-long campaign to restore democracy in a country where political repression, economic collapse and mass emigration have defined daily life for years. Jørgen Watne Frydnes, chair of the Nobel Committee, called Machado ‘one of the most extraordinary examples of civilian courage in Latin America in recent times.’ He praised her decision to remain in Venezuela despite ‘serious threats against her life,’ noting that her determination had ‘inspired millions.’

‘When authoritarians seize power, it is crucial to recognise courageous defenders of freedom who rise and resist,’ Frydnes said.

Machado, 58, ran as the main opposition candidate in Venezuela’s 2024 presidential election before being disqualified by Nicolás Maduro’s government. Her disqualification prompted her to back Edmundo González Urrutia, who became the united opposition’s replacement candidate. Official results declared Maduro the winner with 51 percent of the vote – his third term since taking power in 2013 following the death of Hugo Chávez. But the opposition said the election was rigged, claiming González had in fact won with around 70 percent of the vote.

Mass protests erupted across the country, demanding transparency and the publication of results from individual polling stations. The government’s response was swift and brutal, opposition leaders were detained, demonstrators were dispersed with violence, and Machado herself went into hiding.

Observers, including international journalists and election monitors, reported widespread irregularities during the election, from voter intimidation to long, unexplained delays outside polling stations. In a video shared by her press team and posted by González on social media, Machado appeared visibly stunned upon hearing the news of her Nobel win.

‘I’m in shock!’ she said in the video.

‘We’re shocked with joy,’ replied González, speaking from exile. ‘What is this? I can’t believe it,’ Machado repeated, smiling through tears. Despite years of repression, Machado has remained inside Venezuela, occasionally surfacing for brief public appearances. She was briefly detained during a protest ahead of Maduro’s inauguration in January, before being released.

Machado has long been a polarising yet powerful figure in Venezuelan politics. Trained as an industrial engineer, she became known for her uncompromising stance against authoritarianism and corruption. Her political movement has managed to unify disparate factions of the opposition, long seen as fragmented and ineffective.

For many Venezuelans, she represents a rare figure of moral consistency in a political landscape shaped by fear and exhaustion. Her rallies in 2024 drew some of the largest crowds seen in years – a visible sign of public yearning for change.

The Nobel Committee’s decision to honour Machado marks a symbolic moment for Venezuela’s pro-democracy movement. It places her alongside figures such as Aung San Suu Kyi, Malala Yousafzai and Nelson Mandela – individuals recognised for standing up to oppression through peaceful means.

Last year’s Peace Prize went to Nihon Hidankyo, Japan’s confederation of atomic bomb survivors, for its campaign to abolish nuclear weapons.

Although the award is unlikely to ease the political crisis in Venezuela immediately, it serves as an international acknowledgment of the country’s ongoing struggle for freedom, and of the courage of those who continue to fight for it, often at great personal risk.