Nigeria’s AI strategy aims for $15bn GDP boost, 70% AI skills by 2030

Nigeria is positioning itself as a global leader in the Artificial Intelligence (AI) revolution with a National AI Strategy, targeting $15 billion contribution to the nation’s GDP and equipping 70 percent of its youthful workforce with AI skills by 2030.

The announcement, highlighted by Oluwaseun Dania, managing director of Alpha-Geek Technologies, during the United Nations General Assembly’s Global Dialogue on AI Governance in New York, underscores Nigeria’s commitment to harnessing AI for economic growth and equitable innovation.

The National AI Strategy, spearheaded by president Bola Ahmed Tinubu’s administration through the minister of Communication and Digital Economy, Bosun Tijani, is a collaborative effort with the Nigerian Artificial Intelligence Research Scheme (NAIRS) and the National Centre for Artificial Intelligence and Robotics (NCAIR). The blueprint projects a 27 percent annual market expansion through 2030, positioning AI as a cornerstone of Nigeria’s digital economy. The strategy focuses on leveraging AI to bridge infrastructure gaps, drive fintech innovations, and foster stablecoin initiatives, while prioritizing ethical innovation and skills development.

Speaking at the UN, Dania, a prominent voice in African technology, emphasized that Nigeria’s approach is not just about economic gains but about uplifting lives. ‘The success of the AI revolution should be measured by lives uplifted, not merely GDP spikes,’ he said, highlighting Nigeria’s mobile-first AI adoption and its potential to empower the world’s youngest workforce.

With over 60 percent of Nigeria’s population under 25, the goal of equipping 70 percent of young Nigerians with AI capabilities by 2030 is a transformative step toward building a skilled, future-ready generation.The strategy addresses both opportunities and challenges.

Dania warned of AI’s risks, including deepfakes eroding trust, biased algorithms perpetuating inequality, and data monopolies exacerbating global divides.

To counter these, Nigeria’s plan incorporates African-led ethical standards, drawing on the communal value of ubuntu (humanity toward others), to ensure privacy-by-design and bias audits. It also emphasises resilient infrastructure, such as predictive analytics for pandemics and energy optimisation, while safeguarding against the misuse of AI.

Dania stressed that Nigeria’s vision aligns with broader African priorities for equitable AI access, ethical safeguards, and infrastructure investment, adding that, ‘Africa is ready to co-create, not merely comply,’ he declared, urging global stakeholders to include the continent’s 1.4 billion voices in shaping AI governance.

Investors compete for Sterling Holdco shares

Sterling Financial Holdings Company Plc. (Sterling Holdco), the parent company of The Alternative Bank, Sterling Bank, SterlingFI, and a number of other novel business solutions, has witnessed a very positive response to its public offer, as investors rally for a stake in the company’s future.

The public offer, launched on September 17, 2025, has quickly become one of the most talked-about opportunities in the Nigerian financial market, with analysts predicting that the offer will prove to be amongst the most lucrative in the sector’s investment landscape.

The Sterling Public Offer has sparked widespread interest, with market experts noting that the price, which is about 6 percent below its current trading price, presents an attractive entry point for both institutional and retail investors. The offer is set to close soon, but the rapid pace of interest has led many to speculate that the full subscription has already been reached or even exceeded much earlier than expected.

According to leading financial analysts, Sterling Holdco’s strategic expansion plans, solid market position, and innovative financial products have positioned it as a major contender in Nigeria’s banking sector. The public offer is widely regarded as an exciting proposition for investors looking to capitalise on a company with strong fundamentals and an ambitious growth trajectory. With a price point set at a discount to current trading prices, the offer is seen as a compelling opportunity for both long-term and short-term investors.

Sterling Holdco has consistently demonstrated a commitment to innovation and sustainable growth. One of the most compelling indicators of the company’s underlying strength is the impressive growth of its share price. In the past year, the Holding company’s share price has grown steadily from N4.00 to nearly N8.00 per share. This increase in the company’s stock price speaks volumes about the underlying value and confidence in its business model, leadership, and growth trajectory.

Sterling Holdco, known for its strategic ownership of two banks, a wealth management company, and a number of innovative consumer businesses, is seeking to raise additional capital through the issuance of 12.58 billion ordinary shares at N7.00 per share. The proceeds from the public offer will be strategically deployed to further strengthen Holdco’s capital base and fund its growth initiatives over the next 36 months.

Sterling Financial Holdings Company PLC (Sterling HoldCo) is a leading Nigerian financial services group committed to enriching lives through innovation and impact with a diversified portfolio that includes Sterling Bank Limited, The Alternative Bank Limited, SterlingFI Wealth Management among others. As a HoldCo, Sterling provides strategic direction, governance, and resources across its subsidiaries, enabling each to focus on its core mandate while benefiting from group-wide expertise, technology, and oversight.

With a heritage of trust built over six decades, Sterling HoldCo is committed to financial innovation, advancing inclusion, and shaping sustainable growth in Nigeria’s economy. The group champions customer-focused solutions and socially responsible initiatives while creating value for shareholders, employees, and the communities it serves, and continues to pioneer offerings across its core businesses in banking, payments, and technology-driven financial services.

EmoSIM ‘Travel eSIM’ delivers affordable, global access across 190 countries

EmoSIM, Nigeria’s first ‘out-bound’ travel e-SIM, has demonstrated its capacity to provide affordable and world-class mobile experience that allows Africans to access mobile networks in over 190 countries.

Developed in collaboration with Tata Communications, a world leader in digital infrastructure, EMOSIM Travel e-SIM is tailored for the modern Nigerian traveller-whether for business, study, leisure, or diaspora engagement.

Speaking at the Digital Innovations media briefing held in Lagos recently, Jimmy Eboma, EmoSIM Chairman and Founder, explained, ‘EmoSIM was created for travellers who need seamless connectivity anywhere in the world. Our mission is simple: one eSIM for every trip. Our vision is to make global communication seamless, affordable, and swift.

Eboma underscored the company’s three core pillars: ease, convenience, and affordability, noting that activation takes only minutes directly from a user’s phone, with no paperwork required. ‘The solution is as easy as scanning a QR code before travelling, which instantly activates the eSIM,’ he said.

Beyond ease of use, Eboma highlighted security as a key focus: ‘Virtual SIMs cannot be transferred unless both the device and email are compromised. Activation codes are sent only to the user’s email, and eSIM profiles can be deactivated and restored seamlessly in cases of phone theft. With EmoSIM, your identity remains secure, unlike with plastic SIMs, which anyone can use if stolen.’

EmoSIM is also known for its customer-first approach, with plans to extend its value beyond outbound eSIM services into MVNO operations, digitising connectivity and reshaping how Africans experience mobile communication both at home and abroad.

In just three months of its launch, EmoSIM has established physical presence across the SADC region, including. South Africa, Botswana, Zimbabwe, Zambia, Namibia, Mozambique, Eswatini, Lesotho, Angola, Malawi, Tanzania, and the Democratic Republic of Congo, demonstrating its rapid growth across Africa.

Finchglow Travels leads dialogue on travel growth

Against a backdrop of foreign-exchange volatility, rising ticket prices, and shifting traveller behaviour, Finchglow Travels, one of Nigeria’s leading travel consolidator, brought together leading airlines, travel agencies, and trade partners in Port Harcourt for PartnerPlus Connect (PPC) Live, a high-impact forum designed to spark innovation, share practical tools, and accelerate recovery across Nigeria’s travel industry.

Airlines, travel agencies, and trade partners tackled the big question: how to stay profitable and relevant while demand remains fragile. Conversations moved from candid debates on forex pressures to bold ideas for diversifying revenue streams, showing that PartnerPlus Connect Live is driven by actionable solutions with dialogue as the catalyst.

‘Our goal is to create a platform where airlines and agencies can exchange ideas, confront realities, and leave with solutions they can apply immediately,’ said Ezekiel Ikotun, managing director of Finchglow Travels.

‘This goes beyond ticket sales, it’s a call for resilience and smarter growth across the entire travel value chain.’

Speakers and participants emphasised the need for bold, collaborative thinking as Nigeria’s aviation sector strives for a comprehensive post-pandemic recovery. Travel agents expressed concerns over depressed

betPawa unveils Tekno as Brand Ambassador

Fans know Tekno for dropping bangers. Now, he’s teaming up with the platform, dropping the biggest betting wins in Africa. Whether it’s boosted odds, early cash-outs with 2UP Early Wins, or life-changing payouts on Aviator, JetX, Aero, and Comet, Tekno says it best: ‘betPawa na the real deal.’

This partnership is not just about celebrity glitter; it’s about giving Nigerians what they actually want:

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Speaking at the unveiling, Borah Ndanyungu, Head of Local Marketing and CSR at betPawa, said:

‘Tekno represents everything betPawa stands for – energy, creativity, and breaking boundaries.

Tekno himself couldn’t hide his excitement:

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betPawa’s commitment to Nigerian sports runs deep. Just this month, the brand announced a landmark sponsorship of the Nigeria National League (NNL) worth over ?494 million, ensuring players earn instant Locker Room Bonuses and helping to grow the local game.

With Tekno now on board, betPawa is betting on culture, creativity, and the spirit of Nigeria itself. His energy, influence, and larger-than-life presence mirror betPawa’s mission: to deliver unforgettable moments and life-changing wins. Together, Tekno and betPawa are setting the stage for a new era in betting – where the music is loud, the odds are boosted, and the payouts are epic.

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7 richest Indian business giants in Africa and the companies behind them in 2025

Indian businesses have established a strong presence across Africa, with investments spanning telecommunications, energy, real estate, retail, and manufacturing. The continent’s growing markets have attracted long-term commitments from Indian entrepreneurs who now play a vital role in job creation, infrastructure development, and cross-border trade.

In 2025, several Indian business giants stand out for both their personal fortunes and the companies they have built. These firms are not only central to India’s global economic footprint but also integral to Africa’s growth story, influencing industries that touch millions of lives.

This report identifies seven of the richest Indian business giants in Africa, their latest estimated net worth, and the companies underpinning their wealth.

Prateek Suri – Maser Group and MDR Investments

Prateek Suri, born in 1988, is recognised as the youngest and richest Indian businessman in Africa in 2025, with an estimated net worth of $1.9 billion. He founded Maser Group in 2012, focusing on affordable smart televisions and electronics. By 2024, Maser had sold over 800,000 units across Africa and reached a valuation of $5 billion before being acquired by SCG Asia.

Following this success, Suri launched MDR Investments, a venture capital firm investing in infrastructure, mining, and emerging technologies across Africa. Through the Maser Foundation, he also partners with governments and NGOs to support development in underserved regions.

Anil Agarwal – Vedanta Resources

Anil Agarwal, founder and chairman of Vedanta Resources, is one of the most influential Indian billionaires with major operations in Africa. Born in 1954 in Patna, India, Agarwal built his metals and mining empire into a global powerhouse.

In Africa, Vedanta is a key player in Zambia’s copper industry through its 80% ownership of Konkola Copper Mines, employing thousands and contributing significantly to the local economy. As of 2025, Agarwal’s fortune is estimated at $1.6 billion, and Vedanta continues to expand its footprint in natural resources across the continent.

Savitri Jindal and Family – O.P. Jindal Group

Savitri Jindal, India’s richest woman, and her family oversee the O.P. Jindal Group, valued globally at around $12 billion, with a strong African presence through Jindal Africa, headquartered in Johannesburg.

The group runs major mining and energy projects including the Kiepersol Colliery in South Africa, the Chirodzi coal mine in Mozambique, and the Mmamabula Energy Project in Botswana, with further interests in Namibia, Cameroon, Zambia, and Tanzania. These ventures cement the Jindals as one of the most influential business families shaping Africa’s steel, mining, and energy sectors.

Sunil Vaswani – Stallion Group

Sunil Vaswani, chairman of Stallion Group, leads one of the largest Indian-owned conglomerates in Sub-Saharan Africa. Founded in 1969 and headquartered in Dubai, Stallion Group operates across 18 countries, employing more than 285,000 people.

Its businesses span automobile assembly, food processing, commodities, steel, real estate, logistics, and shipping. In Nigeria, Stallion revived local auto assembly, rolling out Nissan, Hyundai, and Volkswagen models. The group also dominates in rice milling and FMCG distribution.

Forbes estimated Vaswani’s fortune at $1.6 billion in 2020, while the Sunday Times Rich List placed it at £1.159bn in 2021. Today, Stallion generates an estimated $4 billion in annual revenue, much of it from Africa.

Sudhir Ruparelia – Ruparelia Group

Ugandan billionaire Sudhir Ruparelia is the founder of the Ruparelia Group, Uganda’s largest private conglomerate. His empire spans real estate, hospitality, finance, insurance, education, and floriculture.

Born in Kabatoro in 1956, Ruparelia became Uganda’s first billionaire in 2014. His flagship properties include the Speke Resort Convention Centre, which hosted the Non-Aligned Movement and G-77 summits in 2024, and Arie Towers, a commercial complex in Kampala.

As of November 2023, his net worth was estimated at $1.2 billion, cementing his position as East Africa’s richest Indian entrepreneur.

Bhimji Depar Shah – Bidco Africa

Bhimji Depar Shah, born in Mombasa in 1931, is the founder of Bidco Africa, East Africa’s largest consumer goods manufacturer.

Bidco produces more than 40 household brands in edible oils, fats, detergents, hygiene products, and beverages. Popular brands like Kimbo and Elianto remain household staples in Kenya and beyond.

With operations in 17 African countries and over 25,000 employees, Bidco Africa continues to dominate the FMCG sector. As of 2025, Bhimji Depar Shah’s family is worth an estimated $700 million.

Manu Chandaria – Comcraft Group

Manu Chandaria, chairman of Comcraft Group, is one of Kenya’s most respected industrialists. Founded in Nairobi in the 1960s, Comcraft has grown into a multinational with operations in 40 countries, specialising in steel, aluminium, and plastics manufacturing.

The group records revenues of over $2 billion annually and employs more than 30,000 people. Chandaria, also renowned for his philanthropy through the Chandaria Foundation, supports education, healthcare, and community development across Africa.

AI and the Future of Work in Nigeria: Why Talent Leaders Must Act Now

Imagine entering your office tomorrow and discovering that half the processes you once did manually are now handled by artificial intelligence (AI). From screening job applicants to monitoring employee engagement, the future of work is already here, and Nigeria is no exception.

This is the reality painted by the Talent Management Report 3.0 (TMR 3.0), released last week by Phillips Consulting Limited (pcl.). Based on insights from over 500 professionals across multiple industries, in-depth interviews, and benchmarking research, the report uncovers how AI is reshaping how Nigerian organisations attract, develop, and manage their people. The findings are both promising and sobering.

Nigeria is Waking Up to AI, But Slowly

AI adoption is accelerating globally, but in Nigeria, most organisations are still at the shallow end of the curve. According to the report, 88% of organisations are only experimenting with AI, running pilots and small projects, without embedding it into their business strategy. Only 11% have a company-wide AI strategy.

This indicates that, although awareness is high, bold action remainsrare. Organisations see the potential, but many are cautious, sometimes overwhelmed by the complexity or costs of scaling AI.

AI is an Opportunity, Not Just a Threat

One of the most surprising findings is how Nigerian employees perceive AI. Despite fears often portrayed in the media, 72% of professionals view AI as an opportunity, a tool that can enhance productivity, create new roles, and support career growth.

Still, the concerns are real. 24% worry about job losses, and 35% in sectors like oil and gas remain uncertain about what AI means for their future. This mix of optimism and anxiety signals the need for transparent communication and proactive workforce planning.

Where AI is Already Making a Difference

Across industries, some HR functions are emerging as early winners in AI adoption:

Recruitment (42%): AI is streamlining candidate screening, matching CVs with job profiles, and reducing hiring time.

Learning and Development (36%): AI tools are recommending personalised training, helping employees upskill faster.

Career Development (29%) and Performance Management (22%): These are evolving quietly but cautiously due to concerns about fairness and bias.

Retail and e-commerce, for example, are training employees on AI basics but have yet to commit significant budgets. Telecoms struggle with leadership alignment, while Professional Services are clearly ahead, driving job redesign and reskilling.

The Barriers: What’s Stopping Organisations?

If the potential is clear, why aren’t more companies moving faster? The TMR 3.0 identifies four critical obstacles:

Low AI literacy and inadequate training

Data privacy and security risks

High training costs

Limited leadership commitment

In fact, while 73% of organisations say awareness is high, only 39% rate themselves as truly AI-proficient. This ‘knowledge gap’ is one of Nigeria’s biggest challenges in the global competitiveness race.

The Call for Strategic Action

The report makes one thing clear: AI in the workplace is not a passing trend. It is a transformative force. However, success will depend on how Nigerian leaders act now.

Here are some of the strategic moves highlighted:

1. Upskill employees continuously, not with generic courses but practical, role-specific AI training.

2. Prioritise data ethics and privacy, because trust is the currency of digital work.

3. Move from experiments to enterprise strategies, scaling AI beyond pilots into core business functions.

4. Keep HR human, let AI handle routine tasks while leaders focus on empathy, coaching, and culture.

Why This Matters for Nigeria’s Future

For Nigeria, AI is more than a technology shift. It is an opportunity to shape a more inclusive workforce. If used responsibly, it can help address long-standing challenges, such as making recruitment fairer, providing employees with greater access to learning at scale, and creating new forms of work. However, ignoring it carries real risks. Workers may be displaced, inequality could widen, and organisations may struggle to compete in a digital-first economy.

A Turning Point for Leaders

The TMR 3.0 comes at a pivotal moment. The report doesn’t just present data; it provides a mirror for Nigerian organisations. It challenges leaders to ask:

Are we preparing our people for the future, or leaving them behind?

Are we investing in AI responsibly, or just experimenting?

Are we keeping talent at the heart of our digital strategy?

For HR leaders, CEOs, and policymakers, these are not abstract questions; they are urgent. The future of work is already here. The only question is whether we are ready for it.

BTN’s platform connects SMEs with customers

BrandTell Business Network (BTN), a thriving coalition of over 400 brand owners across various industries in Nigeria, is set to revolutionise the way small business operators connect with potential customers through its BTN Sales Season 4.0

The event, themed ‘The Ultimate Shutdown,’ promises to deliver an electrifying three-day shopping and networking experience from November 21st to 23rd at the Ikorodu Ferry Terminal in Ebute, Ikorodu, Lagos.

Adenike Fagbemi, executive director of BrandTell Nigeria – the umbrella media and public relations of BTN, emphasised the unique opportunities that BTN Sales Yakata Season IV offers brands and SMEs looking to reach a broader audience, increase visibility, and drive sales.

‘We are thrilled to organise this event, providing a valuable platform for brands and SMEs to thrive. Our goal is to empower businesses with the tools and resources they need to succeed in today’s competitive market,’ she stated.

This year’s edition of the legendary sales event will not only serve as a platform for networking and establishing brand loyalty but also as an opportunity for exhibitors to develop innovative marketing strategies for their products.

‘Whether you’re coming for the incredible bargains, to showcase your brand, or to connect with industry leaders, BTN Sales Yakata 4.0 is your golden ticket,’ Adenike added.

In addition to fostering connections and promoting brand growth, BTN Sales Yakata Season IV reflects BrandTell Nigeria’s unwavering commitment to supporting business owners in advancing their entrepreneurial ventures and connecting more effectively with potential clients.

Attendees will have the opportunity to engage with products firsthand and provide immediate feedback on the diverse range of items on display.

BTN Sales Yakata Season IV promises to be an unforgettable celebration of Nigerian entrepreneurship and innovation.

For more information on participation, sponsorship opportunities, or media inquiries, please contact BrandTell Nigeria via their Instagram and Facebook channels.

Nigeria’s ports face tipping point as industry leaders push deep seaports, single window

BusinessDay Maritime Conference ‘Strengthening Nigeria’s Maritime Business: Bridging Policy Gaps and Optimising Global Competitiveness,’ on 30th September convened a who’s-who of shipowners, regulators, lawyers, port operators and freight forwarders to confront a blunt truth: Nigeria’s maritime promise is real, but the system that should turn that promise into jobs, exports and revenue is fragmented – and running out of runway.

Frank Aigbogun, Publisher/CEO of BusinessDay, set the tone in his opening: ‘Nigeria’s maritime sector is not a side note to our economy.’ He urged delegates to stop talking about potential and start converting assets into measurable economic value.

Keynote: law, policy and a hard look at implementation

Mfon Usoro, national president, Chartered Institute of Logistics and Transport Nigeria, delivering the keynote address

Mfon Usoro, president, Chartered Institute of Logistics and Transport (CILT) Nigeria, in her keynote address, set the tone with the masterfully crafted theme, ‘Bridging Policy Gaps and Advancing Maritime Competitiveness: A Roadmap for Nigeria’s Future.’ Her central argument: Nigeria already has many of the policies it needs; the gap is implementation.

She laid out a simple taxonomy of maritime business: ship ownership and operations at the centre, surrounded by maritime technology, seafaring manpower, ports and logistics, and supporting services (finance, law, insurance). ‘It is the crux of the matter. All the other ones around it operate around the main shipping itself,’ she said.

On indigenous shipping, she was pointed and practical. Recalling the Obasanjo government’s ill-fated fleet purchase, she warned that ‘operation of a ship profitably is not like buying a car. You have to prepare the structure, the manpower, the marketing assessment, everything before you buy the ship to ensure the sustainability of the business.’

She rejected the narrative that Nigeria lacks policy: ‘I don’t agree that we don’t have policies. We have a lot of policies,’ she said, citing the Nigerian Maritime Administration and Safety Agency (NIMASA) Act (2007) and the legal instruments that create incentives for Nigerian ownership (national-carrier status with 60% Nigerian ownership and 70% Nigerian officers, for example). Her challenge to the room: after enactment, where is the delivery?

She backed that diagnosis with market numbers: Q1 2025 merchandise trade stood at ?38.30 trillion, of which crude accounted for ?11.90 trillion – ‘there’s cargo outside of crude,’ she emphasised – and the Nigerian Ports Authority (NPA) recorded 4,100 seagoing vessel calls in 2021, none flying the Nigerian flag.

Goodwill messages: private sector, states, and forwarders weigh in

The conference threaded practical examples through policy prescriptions.

Representing NLNG Shipping and Marine Services (NSML), Ladu spoke for the group and for the absent managing director, Abdul Khadir Ahmed, stressing that policy must translate to technical capacity. NSML runs 13 vessels for clients and maintains a Maritime Centre of Excellence in Bonny – a model, he said, of deliberate domestic skill development: ‘With the right policy and the right skill set we can actually do it as a country.’

Anambra State’s commissioner for Transport, Patricia Igwebuike, pitched a subnational perspective. She called Onitsha River Port a priority and urged inter-agency collaboration and capacity building: ‘It’s not just that you have a river port. You must get the capacity building, the training, and the interaction with others in the sector.’

From the freight-forwarding community, Godfrey Emeka Nwosu, general secretary, National Association of Government Approved Freight Forwarders (NAGAFF), speaking for Tochukwu Ezisi, president, NAGAFF, said the sector’s future will be defined by ‘digital transformation, regulatory harmony and empowerment of local operators,’ urging professionalism, transparency and partnership between government and private operators.

The fleet gap and the cargo guarantee that never arrived

Usoro had earlier, in her keynote address, exposed the fatal flaw in Nigeria’s national-carrier policy: political promises of cargo guarantees were never operationalised. She recalled the Nigerian Fleet Committee effort (with private entrepreneurs and foreign partners ready to take minority shares) – and the dealbreakers: ‘Where is the cargo?’ potential partners asked.

The NIMASA Act’s Section 36, she said, anticipates this by guaranteeing cargo (a minimum share of federal, state and local government cargo, 50% of dry and liquid bulk, and 50% of international aid cargo) for vessels granted national-carrier status. But she cut to the core: ‘The ministry could not give this guarantee because they don’t own cargo. NIMASA does not generate cargo.’ In short, legal guarantees exist on paper; the operational plan – cross-ministerial, cross-agency cargo allocation and fiscal incentives – does not.

Logistics performance and the ‘whole-of-government’ fix

Usoro weaponised data to press the point. Nigeria ranks 88th of 139 on the World Bank Logistics Performance Index (LPI), with low scores across customs efficiency (2.6), infrastructure (2.4), international shipments (2.5), logistics competence (2.3), tracking (2.7) and only relative strength in timeliness (3.1). ‘Isn’t that a shame?’ she asked.

Her prescription: a whole-of-government approach. The Ministry of Marine and Blue Economy cannot run the show alone. ‘The silo approach does not work. It has to be a Nigerian project, not a NIMASA project,’ she said – demanding ministerial coordination, integrated budgets and enforceable implementation committees that include finance, works, ports, customs, immigration and state and local governments.

Regulation, taxes and enforcement: a legal voice

The keynote-author and legal veteran returned to practical fixes: cut the number of agencies operating in ports (more than the eight authorised is a routine violation), reduce punitive taxes on shipowners and replicate aviation’s spare-parts exemptions for shipping: ‘It is not rocket science. shipping deserves the same treatment – zero importation tax,’ she insisted. ‘We must reduce the number of agencies at the ports and enforce discipline.’

Panel 1 – policy and infrastructure: the central diagnosis

Moderated by Kenneth Jukpo, managing director, JUKKEN Consults Limited, the first plenary brought together environmental, legal and operational lenses.

Speakers decried that many planned Inland Container Depots (ICDs) remain dormant. The Dala ICD, in Kano State, for example, ‘could produce a capacity twice the size of Apapa’ but customs have refused to resume operations there. ‘Who is Customs to say they will not resume in Dala?’ the speaker demanded – another illustration that policy without enforcement is paper.

On funding, a panellist noted successful precedents: Seychelles’ blue bond quickly mobilised capital and accelerated its blue economy; and the Lagos-Calabar coastal road financing showed that when political will, institutional support and a clear infrastructure objective align, external funding follows. The ask: shift from drafting more policy to unlocking capital via coordinated, bankable project packaging – blue bonds, Multilateral Development Banks (MDB) financing, bonds for ports and port-linked infrastructure – and empower agencies to raise finance with Ministry of Finance buy-in.

Sustainability and carbon opportunity

Felicia C. Mogo, president, African Marine Environment Sustainability Initiative (AFMESI), stressed that environmental, social, governance (ESG) is no longer optional: ‘ESG – environment, social and governance – is now what is ruling the world.’ She urged pollution controls, community inclusion, and marine-habitat protection (mangroves, seagrass, peatlands). Absent environmental integrity, she warned, grants and green finance will not flow.

On decarbonisation, the panel argued Nigeria is well placed – its crude is relatively low-sulfur – but ports must be upgraded to handle low-sulfur fuels, provide scrubber waste management, and adopt standards for vessel fuel use. One panellist who had participated in International Maritime Organisation (IMO) efforts urged Nigeria to explore carbon capture, utilisation and storage (CCUS) and emissions trading pathways: ‘We can capture carbon, utilise what is useful, and then safely store the rest in abandoned oil wells and geological formations across the country,’ he said. He also flagged mangroves – Nigeria’s mangrove forests are a global asset and a potential source of nature-based credits and debt-for-nature swaps.

Panel 2 – the single window, port community systems and digital hygiene

The second plenary, moderated by Samuel Dayo Ebidunmi (MICS), Chartered Shipbroker and Maritime/Supply Chain consultant, turned from bricks and mangroves to bytes and Application Programming Interface (APIs).

‘If you deploy technology on an inefficient system, you simply amplify inefficiency,’ Gbotolorun Babatunde Ayodele, GM, ICT, Nigerian Ports Authority, said, and added a crucial caveat: technology is an enabler, not a cure.

NPA’s current information communication technology (ICT) projects include gated access and closed-circuit television (CCTV) pilots at truck transit parks; vessel tracking and plans for Vessel Traffic Services (VTS); an electronic berth allocation system; and revenue transparency tools.

But the big game-changer, he said, is the National Single Window (NSW) – a federal platform to streamline document exchange – and the NPA’s Port Community System (PCS), which will give stakeholders shared visibility over cargo flows.

‘Information sharing and integration are key. Stakeholder resistance must be broken,’ he said, listing constraints: budget, power supply, training and legal recognition of electronic documents. His operational approach: build NPA’s internal infrastructure first, then scale integrations and system-to-system APIs rather than manual portal-by-portal access.

Port state control, security and data

Richard Olabi (speaking for Sunday Umoren, secretary general, Abuja MoU on Ports State Control) linked safety, security, environment and crew welfare. ‘Without ships, there can be no ports,’ he said. He argued that security threats across West and Central Africa have pushed up freight rates and underlined the need to harmonise port state control. He pointed to NIMASA’s C4I system at Kirikiri – integrating Automatic Identification System (AIS) for real-time maritime domain awareness – and urged alignment with NPA’s Vessel Traffic Service (VTS) for secure navigation and inspection workflows.

Freight forwarders: the single window is existential

Kingsley Igwe, registrar/CEO, Council for Regulation of Freight Forwarding (CRFFN) in Nigeria, made the clearest business case for digitalisation: ‘Everything that goes wrong in the supply chain translates directly into cost. It affects the price of goods in the market, and ultimately every Nigerian citizen.’ He positioned the national single window as Nigeria’s must-do reform: it reduces human interfaces, blocks illegal charges and enables importers/exporters to transact with regulators from a single entry point. He invited stakeholders to nationwide sensitisation events (noting an October session) and pushed for integration between NSW and the Port Community System (PCS).

Igwe also argued for professionalisation: licensing freight forwarders, haulage firms, warehouse operators and customs brokers to remove unqualified actors from the system. ‘Freight forwarding is a professional service,’ he said. CRFFN plans enforcement of licensing provisions ‘in the coming weeks.’

B’Odogwu vs Single Window – clearing up a live technical question

During QandA, a delegate asked about the practical difference between B’Odogwu (the customs electronic declaration platform) and the National Single Window. Kingsley clarified: B’Odogwu is customs-specific (harmonised system (HS) classification, duty calculation) and accessible to licensed customs brokers; the National Single Window is broader – it centralises permits and certificates from Standards Organisation of Nigeria (SON), National Agency for Food and Drug Administration and Control (NAFDAC), CRFFN and other agencies, and will eventually embed B’Odogwu functions so a trader can process all approvals from a single login.

Real problems, practical solutions

Speakers underlined a handful of concrete priorities:

Rail and inland logistics – ports like Apapa and Tincan are river ports hemmed in by urbanisation; only Apapa currently has meaningful rail; hinterland rail and ICDs (Inland Container Depots) must be revived to decongest terminals.

Modal balance – revive barge operations and integrate them with road and rail (Ports and Terminal Multiservices Limited’s (PTML) barge movements to Mile-2 were cited as a positive experiment).

Deep seaports – dredging Apapa to ever-deeper drafts is a losing game; the panel urged investment in naturally deep drafts (16m+) at sites such as Abia and Akwa Ibom to attract mega vessels and economies of scale: ‘If we want mega vessels that offer economies of scale, we cannot continue with ports whose drafts are capped at 13 metres.’

Legal and fiscal fixes – standardise customs procedures across ports, remove punitive taxes on shipowners, adopt stabilisation clauses in public-private partnerships (PPPs) and ensure community consultation and compensation frameworks.

Data and statistics – create a single source of truth for throughput, vessel calls, detention statistics, and cargo flows to support planning and enforcement: ‘If you don’t have the information, you cannot make the right decisions.’

Voices from the floor: inclusion, licensing and rolling out change management

Freight forwarders in the audience raised a practical and political point: they are routinely excluded from policy design despite being the operators who execute trade flows. ‘Nobody has considered how to empower the freight forwarder,’ one delegate said, calling for targeted funding and training so small- and medium-sized forwarders can buy the laptops, software and connectivity NSW will require.

Another delegate urged maximising inland waterways: ‘Let us use what we have to get what we want – jetty-to-jetty water movements can relieve roads today.’

A final practical exchange cut through to what matters: the NSW is near completion (panellists said ˜60% integrated), pilots are expected in the coming months, and legal recognition for e-documents (e-manifests, e-invoices, electronic bills of lading) must be fast-tracked. Kingsley estimated that the broad adoption of electronic documents could reduce logistics costs by up to 40%.

Closing: the ask is simple – execute, integrate, regulate

The conference closed on a procedural but symbolic note – a group photograph and a call to action from BusinessDay’s trade correspondent, Bethl Ujabi: the ‘most important part of today is the action that begins after now.’

Across plenaries, the prescriptions converged:

Stop treating maritime as a ministry project. Make it a national project with ministerial key performance indicators (KPIs) and cross-cutting budgets. ‘Whole-of-government’ was the conference watchword.

Fast-track the National Single Window and Port Community System – with legal recognition of e-documents, strong cybersecurity rules and an integration roadmap that prioritises API-to-API communication (not manual portals).

Invest in hinterlands and deep seaports rather than endlessly dredging shallow river channels.

Professionalise the supply chain through licensing, training and a freight-forwarder support fund so local operators can adopt digital freight models.

Make sustainability a funding lever – protect mangroves, pursue CCUS pilots and position Nigeria to capture nature-based credits and green finance.

Bottom line

The conversation at BusinessDay’s maritime conference was less about new ideas than about discipline: Nigeria is not short of plans or policies; what it lacks is coordinated execution, line-ministry ownership of outcomes, predictable finance and the digital plumbing to make the whole system visible and accountable.

If ministers, regulators and private investors can align, the payoff is tangible: more Nigerian ships in international trade, lower logistics costs, jobs in ship management and seafaring, and export-ready supply chains. If they don’t, the country will continue to watch foreign flags carry Nigerian trade and foreign ports reap the productivity gains.

As Mogo put it in a moment that cut through the policy layers to a political charge: ‘We have policy – now we must show the will to implement it.’ The rest, the delegates warned, will be earned – or lost – in the months after the conference.

Understanding machine learning, deep learning and neural networks

Technology is advancing at an unprecedented rate, and terms like ‘machine learning’, ‘deep learning’, and ‘neural networks’ are no longer confined to research labs or Silicon Valley boardrooms. They are shaping how banks approve loans, how telcos manage customer churn, how oil and gas firms optimise drilling, and even how governments plan infrastructure.

For business executives and the general public, it is crucial to demystify these buzzwords. Understanding them doesn’t mean becoming a data scientist, but it does mean knowing enough to see opportunities, ask the right questions, and avoid costly mistakes.

What is machine learning?

Machine learning (ML) is the foundation of modern artificial intelligence. It’s about teaching computers to learn from data and improve over time without requiring explicit programming.

Using the banking sector as an example. A Nigerian bank handling millions of Naira transactions daily must constantly be vigilant against fraud. Instead of relying on static rules, such as flagging only large transfers, it should adopt dynamic approaches. Machine learning models can spot subtle anomalies, such as a customer suddenly making multiple small transfers late at night or unusual login behaviour from an unknown or foreign device. The system improves and becomes more effective the more transactions it analyses.

For executives, machine learning means transitioning from ‘rules-based’ systems to adaptive ones that evolve in tandem with the business environment.

What is deep learning?

Deep learning is a specialised branch of machine learning inspired by how the human brain processes information. The term ‘deep’ refers to the use of many layers of interconnected processing units. Each layer learns something more complex than the previous one.

Think of it like how a telco manages its vast customer base. A telecom operator with 50 million subscribers wants to predict which customers are likely to switch to competitors. A basic machine learning model might look at call frequency or data usage. However, a deep learning model goes further; it analyses dozens of data points, including network quality, customer complaints, payment patterns, and even social sentiment. With this, the telco can not only predict churn but also design tailored retention offers, saving millions of Naira in lost revenue.

For businesses, deep learning brings a significant change in what’s possible: automating tasks once thought to require human intelligence.

‘For business leaders, the importance of machine learning, deep learning, and neural networks lies in their potential to unlock efficiency and competitiveness.’

Neural networks explained

The engine behind deep learning is the artificial neural network (ANN). Modelled loosely on the human brain’s network of neurones, an ANN consists of nodes (neurones) connected by links. Each connection carries a weight, and as data passes through the network, these weights adjust, strengthening or weakening connections until the system produces reliable results.

In the oil and gas industry, neural networks are already being utilised to enhance exploration and drilling efficiency. Consider an upstream operator analysing seismic data. The data is massive and noisy, but neural networks can learn to detect subtle patterns that point to the presence of oil or gas reserves. The technology helps geologists reduce guesswork, saving millions in drilling costs and minimising environmental risks.

A simple way to think about neural networks is how children learn. If a child touches a hot stove, they quickly avoid it next time. Neural networks operate similarly; they ‘learn’ from errors and improve decisions over time.

Why these matter for business leaders

For business leaders, the importance of machine learning, deep learning, and neural networks lies in their potential to unlock efficiency and competitiveness. Companies that harness these tools can:

Automate repetitive processes, from banking compliance checks to telco billing queries.

Predict market trends by analysing vast volumes of structured and unstructured data.

Enhance customer experience through hyper-personalisation, tailored offers, and faster service.

Reduce risks through fraud detection in finance, predictive maintenance in telecoms, and drilling safety in oil and gas, among others.

At the same time, there are challenges, including data privacy concerns, ethical issues, high implementation costs, and the risk of overhyped expectations. Not every problem requires deep learning; sometimes simpler machine learning approaches work well.

The Human Element (Human in the Loop)

It’s easy to get carried away with the technical jargon, but ultimately, these technologies are tools. They don’t replace human judgement, creativity, or strategic thinking. Instead, they augment them. The best results come when executives combine human insight with machine-driven intelligence.

For example, a retail CEO doesn’t need to code a neural network, but they should know what to ask:

Do we have enough quality data to train an algorithm?

How will AI-driven insights affect customer relationships?

What guardrails do we need to ensure fairness and transparency?

Bottom line

Machine learning, deep learning, and neural networks are not abstract scientific concepts; they are practical tools shaping the present and future of business. From banks tightening fraud prevention to telcos retaining customers to oil and gas companies reducing exploration costs, the applications are tangible and measurable.

The key is not to fear the complexity but to engage with it. Executives who understand the basics will be better positioned to steer their organisations through the ongoing wave of digital transformation.

Just as electricity once transformed industries, intelligent systems powered by machine learning and neural networks are poised to do the same in our time. The question is: will your business adapt early and lead, or lag?