Nigeria’s first national microchip design framework to drive digital sovereignty

The National Information Technology Development Agency (NITDA), in partnership with U.S.-based ChipMango, unveiled Nigeria’s first national microchip design framework, a move seen by many in the industry as a defining step toward digital sovereignty.

For a nation that has long depended on imported technology, the announcement during the GITEX Nigeria 2025 in Lagos marked a bold pivot.

‘We are building a future where Nigerian talent leads in semiconductor design,’ said Kashifu Inuwa Abdullahi, NITDA’s director general, during the launch. ‘This framework embodies our vision for digital sovereignty and inclusion, creating jobs, exports, and innovation for generations to come.’

The framework rests on three pillars: capacity building, outsourcing, and policy alignment. Central to this plan is ChipMango’s AI-powered e-learning platform, which will provide Nigerian students with hands-on training, simulation tools, and globally recognised certifications. Already in use in U.S. universities, the platform is designed to turn learners into industry-ready chip designers.

Beyond education, the framework positions Nigeria as a global hub for microchip design outsourcing, linking local talent to international projects worth billions of dollars. Policy integration with President Bola Ahmed Tinubu’s Renewed Hope Agenda and NITDA’s Strategic Roadmap and Action Plan (SRAP 2.0) ensures the initiative is tied to national economic goals.

A distinctive feature is inclusion. Women, often underrepresented in STEM, are placed at the centre of the effort through outreach, mentorship, and scholarship programmes to ensure a diverse and innovative talent pool.

The unveiling also launched the NITDA-ChipMango Innovation Challenge 2025, a nationwide competition inviting students across Nigeria’s six geopolitical zones to design chip-based solutions for healthcare, agriculture, robotics, and AI. Winning teams will gain recognition, mentorship, and industry certification.

For ChipMango’s Nigerian-born CEO, Ola Fadiran, the mission is clear. ‘This is more than a framework; it is a national strategy,’ he said. ‘Together with NITDA, we are nurturing experts, innovators, and leaders who will power Nigeria’s microchip design economy.

Momentum will continue at Digital Nigeria 2025, where discussions will focus on building a national outsourcing ecosystem around the framework.

For many students in the audience, the launch was more than policy; it was a glimpse into a future where Nigeria’s chips could power the world. As one whispered to a friend, eyes wide with possibility, Maybe the next iPhone chip could come from Nigeria.

Pensions: Why building long term security in retirement matters

Few issues stir as much passion as pensions. After all, retirement is not some distant concept, it is the very moment when decades of work are meant to translate into dignity, stability, and peace of mind.

For Nigerian workers, the Contributory Pension Scheme (CPS) is the system designed to ensure that this promise is kept. Yet, as public debates grow louder, it is important to separate emotion from fact, and quick fixes from sustainable solutions.

At the heart of the pension conversation lies a simple question: should retirees be allowed to withdraw their savings in full, or should access remain structured? The former offers instant gratification; the latter seeks to protect long-term security. The choice is not trivial-it is one that determines whether our elders live their final years in comfort or in poverty.

The hidden risks of ‘Take-It-All’

Imagine a retiree with N20 million saved up over a career. It may seem logical to withdraw the entire sum and invest it independently. Some might argue that by chasing attractive interest rates or putting the money into a family business, higher returns can be secured. But this perspective often ignores three hard realities.

1. The first is longevity risk-the possibility of outliving one’s savings. A lump sum might look substantial at 60, but what happens if life stretches to 85 or 90? (which many are praying for). The CPS is deliberately structured to provide income for life, ensuring that retirees do not face destitution in their later years.

2. The second is market volatility. Treasury bill yields and bond rates do not remain at 15 elevated levels (double digits) indefinitely. They fluctuate sometimes falling to single digits. A retiree who counts on fixed high returns may quickly discover that returns are unpredictable and insufficient, especially during downturns.

3. The third is investment risk. Stories abound of pensioners who withdraw funds to finance ventures that collapse under inflationary pressures or poor management. The intention may be noble, but the outcome is often tragic: savings vanish, while bills remain.

Two faces of retirement

Consider the story of two hypothetical retirees, both of whom left service with ?20 million. Madam Okeke decided to withdraw everything and invest in a family business. For a while, it seemed promising. But within three years, inflation, currency depreciation, and unforeseen costs left her with nothing. By her early seventies, she had become dependent on relatives for basic needs.

Her colleague, Ade, opted to remain under the CPS. His monthly pension was modest but consistent. Each month, without fail, his payment arrived. At 80, he still enjoys independence, secure in the knowledge that his pension will not dry up.

Both individuals worked hard; both sought securities. But their choices determined whether retirement meant stability or vulnerability.

Why structure matters

Some critics argue that restricting lump-sum withdrawals treats retirees like children. In reality, the principle is protective, not paternalistic. Across the world, pension systems are structured to spread income across retirement years because experience shows that without safeguards, many retirees exhaust savings too quickly. Family obligations, health crises, or speculative investments often erode lump sums, leaving individuals vulnerable at the exact stage of life when they are least able to recover financially.

The CPS prevents this outcome by ensuring that pensions last as long as life itself. For retirees who live beyond expectations, payments continue through programmed withdrawals or annuities arranged with insurance companies. The notion that payments ‘end’ at 75 is a misconception; in truth, actuarial science only uses life expectancy as a guide for planning, not a cut-off point.

Building trust in the system

Trust is the lifeblood of any pension system. Workers must believe that their savings are safe and that administrators are acting in their best interests. Under Nigerian CPS, pension assets are not even held by the Pension Fund Administrators (PFAs). Instead, they are kept with independent Pension Fund Custodians under the strict oversight of the National Pension Commission (PenCom). This three-tiered structure: Saver, Administrator, Custodian provides layers of security that safeguard against mismanagement.

Since the scheme’s inception in 2004, pension assets have grown to over ?24 trillion. These funds are invested in government securities, infrastructure, corporate bonds, and housing, supporting not just individual retirees but also the broader Nigerian economy. PFAs earn regulated fees (among the lowest in Africa) while all investment returns accrue to contributors. Far from exploiting workers, the system has built a sustainable pool of capital that benefits both retirees and national development.

The temptation of oversimplification

It is easy to believe that giving retirees unrestricted access to their funds is the ‘fair’ solution. But pensions are not simple savings accounts. They are insurance against the twin uncertainties of longevity and economic shocks. Psychologists call it the Dunning-Kruger effect: when complex issues are oversimplified by those who do not fully understand them. In the pension context, what looks like empowerment today may translate into widespread elderly poverty tomorrow.

The real struggle

Ultimately, the true enemy is not the pension structure it is poverty. A nation that fails to protect its elders condemns itself to cycles of dependency and despair. Justice in pensions is not about short-term payouts but about ensuring that workers who devoted decades to the economy are not left helpless in their later years.

The CPS was designed precisely for this: to move Nigeria away from the inefficiencies and corruption of the old Defined Benefit Scheme, and toward a sustainable system that outlasts political and economic turbulence.

A call for balance

Nigeria must pursue a balanced path one that recognises retirees’ genuine frustrations while preserving the safeguards that protect them. Quick fixes may win applause in the moment, but true dignity in retirement comes from careful, compassionate, and sustainable reform. Our elders deserve nothing less.

Haaland’s strike seals Guardiola’s record Premier League win

Erling Haaland continued his ruthless scoring form as Manchester City edged past Brentford 1-0, delivering a landmark 250th Premier League victory for manager Pep Guardiola.

Guardiola reached the milestone in just 349 games, the fastest in league history, surpassing the previous best by 55 matches.

The decisive moment came early, as Haaland outmuscled Sepp van den Berg to meet Josko Gvardiol’s looping cross, then twisted away from the defender before calmly slotting past Caoimhin Kelleher.

It was the Norwegian’s third goal in a week and his 18th in just 11 appearances for club and country this season.

After taking the lead, City were forced to defend for more than 80 minutes at the Gtech Community Stadium but restricted Brentford to limited chances in a scrappy second half.

The win lifts Man City to fifth place heading into the international break, though the sight of midfielder Rodri limping off after just 21 minutes sparked concern.

The Spaniard, who previously missed much of last season with an ACL injury, is still searching for the form that earned him the Ballon d’Or last year.

What must change to make affordable mortgage possible, accessible

Unlike advanced economies, where it is given, mortgage in Nigeria and, indeed, most of Africa, is a daydream, and those who desire it simply indulge in wishful thinking.

This is because, as an immature economy, policies in Nigeria change frequently, disrupting long-term planning and investor confidence. For instance, inconsistent foreign exchange policies affect lenders with dollar-denominated funding.

Similarly, shifts in regulatory capital requirements, monetary tightening, or sudden withdrawal of subsidies directly impact mortgage pricing and supply. Leapfrog

Experts are of the view that long-term housing finance thrives in stable, predictable policy environments which explains why they canvass dialogue between the government and mortgage stakeholders.

For affordable mortgage to be possible and accessible to those who need it, the government-mortgage stakeholders dialogue is not only urgent, but also essential to create enduring frameworks.

Additionally, some lessons have to be learnt from successful housing finance models around the world that can offer valuable insights for reforming Nigeria’s mortgage system.

‘One critical lesson is the role of government-backed guarantees, such as those provided by the Federal Housing Administration in the United States. These guarantees reduce the risk for lenders, making them more willing to extend long-term credit, particularly to first-time and low-income buyers,’ Adedeji Ajadi, CEO, Mortgage Banking Association of Nigeria (MBAN), said.

Another thing that has to happen, according to Ajadi, is the development of secondary mortgage markets, which help to free up capital for new lending. He explained that, by allowing mortgage lenders to sell off existing loans, they can recycle funds and maintain liquidity, ultimately expanding access to mortgages.

Adedeji, who is also the executive secretary of the association, added that inclusive credit scoring also emerges as a transformative approach, pointing out that in many advanced markets, lenders increasingly rely on alternative data, such as rent history, utility payments, and mobile money transactions, to assess creditworthiness.

‘This broadens the pool of eligible borrowers, particularly those in the informal sector who may not have traditional credit records. Subsidised interest schemes targeted at low- and middle-income households further enhance affordability,’ he explained.

It is expected that these these programmes reduce the effective interest rates on mortgage loans, making monthly payments more manageable and encouraging uptake among underserved demographics.

Digitising land registries is another game-changing reform, because by reducing fraud, ensuring transparency, and speeding up property verification, digitised systems allow for quicker loan approvals and greater investor confidence in the housing market.

To achieve this goal, integrated housing-finance strategies are crucial. Successful systems align housing finance with urban planning and development efforts. This means coordinating land use, infrastructure development, and mortgage financing in a holistic manner to ensure sustainable housing delivery.

Collectively, these lessons point toward a more inclusive, efficient, and scalable housing finance ecosystem, one that Nigeria can adopt to meet the growing needs of its population.

A functional mortgage system depends, to a large extent, on interest rates in the financial system. In Nigeria, the rates are just too high at between 17 percent and 27 percent. Ajadi suggests that to effectively bring down these rates and extend loan tenures in the mortgage market, some steps have to be taken.

‘An ensuring access to long-term capital is crucial. This can be achieved by deepening the secondary mortgage market through institutions such as the Nigeria Mortgage Refinance Company (NMRC), which plays a vital role in providing long-term liquidity to mortgage lenders.

With more refinancing options available, lenders are better positioned to offer affordable and longer-term mortgage products. Secondly, subsidised financing must be part of the solution. Government interventions, including special interventions like MREIF and Family Homes Funds, targeting low- and middle-income earners, can significantly reduce the cost of borrowing, making home ownership more accessible to many people,’ he said.

Page Financials honours public school teachers with cash rewards on World Teachers’ Day

Public school classrooms in Lagos were scenes of emotion and gratitude on Saturday as Page Financials surprised two long-serving teachers with ?100,000 each in celebration of World Teachers’ Day.

At Ago Iwoye Methodist Primary School, Ebute Meta, 34-year teaching veteran Mrs. Ipinlola Olaiya broke down in tears as representatives of the finance company presented her with the reward. She was one of two educators selected through a nationwide social media nomination campaign organised by the firm to spotlight unsung heroes in Nigeria’s education system.

The second beneficiary, Mr. Fashina, a Creative Arts teacher at Anglican Comprehensive High School, Ipaja, was equally overcome with emotion. On receiving his cheque, he exclaimed ‘Jesus!’ and revealed that his vehicle had broken down and he had been struggling to afford repairs. His principal described him as ‘a model teacher’ who had won Best Teacher of the Year multiple times.

From Left to right, Oluwaseyi Famodimu, Marketing Specialist, Page Financials,Stephanie Sokoh, Financial Advisor, Page Financials, Mrs Ipinlola Olaiya,Head Teacher,Ago iwoye Methodist Primary school, Ola Moses, Head Marketing and Corporate Communications,Page Financials

Explaining the motivation behind the initiative, Ola Moses, Head of Marketing and Corporate Communications at Page Financials, said the company wanted to recognise the quiet dedication of teachers who continue to serve despite limited resources.

‘Teachers are silent builders of our nation’s future. Their consistency, patience, and love for knowledge shape the leaders of tomorrow. Celebrating them is not just our duty, it’s our pride,’ Moses said.

Page Financials, established in 2014, provides consumer loans, investment options, and payment solutions to Nigerians. In recent years, the company has expanded its corporate social responsibility efforts to include programmes that celebrate individuals making a difference in their communities.

The company said the World Teachers’ Day initiative forms part of its broader drive to ‘encourage impact and service’ among Nigerians.

Tinubu’s poor security strategy fueling spread of insurgency nationwide – ADC

The African Democratic Congress (ADC) has berated President Bola Tinubu’s silence over the growing spread of insurgents into many hitherto peaceful States, blaming the spread on the poor security strategy of the current administration.

During the weekend, intense attacks were reported in Kwara, a State that had been peaceful, with bandits demanding ransoms such as food, money and even drinks, from residents.

Bolaji Abdullahi, ADC National Publicity Secretary, writing on his X handle, blamed President Tinubu for what he described the ‘continued insensitivity to Nigeria’s worsening security crisis, accusing him of prioritising political appearances over his sacred duty of protecting the lives of Nigerians.’

Abdullahi dismissed as mere ‘political rhetoric’ the President’s remarks at the Church of Christ in Nations (COCIN) in Jos that his mission is to unite Nigerians, saying that the President’s actions since he came to office did not indicate that he understands what it takes to unite Nigerians.

Abdullahi lamented that insurgents are gradually spreading into states, such as Kwara and Oyo, with renewed attacks in Kogi, with threats of spreading into South Western states.

‘The newspapers are reporting that nine Local Government Areas in Kwara State, a state that had until this APC-led administration enjoyed a reputation for peace and stability, reportedly came under siege by armed bandits.

‘In a development that underscores the extent of state fragility, residents are now being forced to provide food items, drinks, money, and other services as ransom payments.’

The party expressed deep concerns over the brazen insensitivity of President Bola Ahmed Tinubu to the growing insecurity in the country.

‘This is a complete failure of governance. Yet, the presidency has neither acknowledged the situation nor outlined any plan of action to support the affected communities or hold those responsible to account.

‘On the same day, a similar tragic attack by gunmen was reported in Kogi State, during which travellers were killed and several others, including women and children, were abducted for ransom. Earlier in the week, there were reports that more than 180 schools across states in Northern Nigeria have been shut and children kept at home as a result of worsening insecurity. Unfortunately, these reports form part of a broader and bloodier pattern.

‘From Plateau to Zamfara, Benue to Niger, Kaduna to Kwara, incidents of mass abductions, violent attacks, and forced displacement continue to rise.

‘Despite this, the federal government persists in offering vague assurances that ‘progress’ is being made, an insensitive claim that is being refuted daily in blood and body counts of innocent victims who, it now appears, the gunmen kill for sport.’

‘As the Commander-in-Chief of Nigeria’s Armed Forces, in whom the constitutional authority to secure the lives and property of citizens is vested, the President’s continued preference for attending social and political events in the midst of alarming deterioration of internal security is both unacceptable and irresponsible.’

The party noted that while rural communities are being emptied and schools are being shut down, the President continues to attend funerals and ceremonies involving political associates.

‘This sends the unfortunate message that the President cares more about political appearances than the lives of Nigerian citizens.

‘We recall that earlier in the year, hundreds of people were killed by gunmen in the same Plateau State in attacks that lasted several months, but the President never thought it necessary to visit the state at the time.

‘Instead, the President remained in the cosy comfort of the Presidential Villa to condemn the attacks he should have prevented and issued directives that no one obeyed.

The party dismissed President Tinubu’s claim of progress in the fight against insecurity in Nigeria, describing such claims as ‘a tragic denial of the reality of most Nigerians who have had to bury loved ones in recent days and on a daily basis.

‘This denial by the President, no doubt, emanates either from cruel indifference or tragic oversimplification of a very complex problem.’

Policy flip-flops keep factories idle

Under President Olusegun Obasanjo, a policy was introduced to make flour millers include 10 percent of cassava flour in bread. However, the policy was reversed under late Musa Yar’Adua, but revived under Goodluck Jonathan.

It was quietly shelved under the late Muhammadu Buhari. The policy has been abandoned, leaving some factories shut down.

However, a similar locally-focused policy worked in cement.

Backed by targeted government protection, import restrictions, and the Backwards Integration Policy (BIP), local giants like Dangote Cement were able to scale and dominate both domestic and regional markets.

Before reforms in 2006, Nigeria had been the world’s third-largest importer of cement and clinker, with local production covering less than a quarter of demand. The mismatch between supply and demand led to price instability and slowed infrastructure growth.

The introduction of backward integration, high tariffs on imports, and incentives for local investment turned the tide, creating a clear policy environment that made large-scale investment viable.

However, the same policy drive has failed to deliver in food and beverage, with cassava bread an ample case in point. Attempts were made to replicate the same policy in milk and dairy products, among others, did not work.

Analysts argue that replicating the ‘cement miracle’ in other industries will require not just protective tariffs but a mix of targeted incentives, modern technology, and consistent enforcement against smuggling. Without these, they say, Nigeria’s broader industrialisation agenda risks falling short.

Muda Yusuf, chief executive officer of the Centre for the Promotion of Private Enterprise (CPPE), explained that cement thrived largely because it was driven entirely by private investment, with the government creating a clear policy framework that allowed companies to scale operations and dominate the market.

‘Unlike cement, where private capital took over the entire value chain, sectors such as steel, paper, and refineries have been burdened by heavy government presence. The government doesn’t have a good track record of running such businesses efficiently, and this has been a major setback,’ Yusuf said.

He cited the Ajaokuta and Delta Steel complexes as examples where government ownership and mismanagement stalled progress. ‘If those projects had been structured as private investments, the story of Nigeria’s steel industry would have been completely different,’ he stated, noting that a functional steel sector is critical for supporting industries such as automobiles, fabrication, and construction.

The economist also noted that Nigeria’s paper mills, such as Jebba and Iwopin, suffered similar fates due to flawed privatisation processes, leaving them in the hands of investors without the financial or technical capacity to revive them.

On the textile industry, Yusuf identified smuggling, the influx of second-hand clothes, and high energy costs as the biggest obstacles. ‘Textiles are energy-intensive and foreign exchange-dependent. In an economy where power supply is unreliable and costly, it becomes very difficult to compete with imports from countries like China,’ he explained.

‘Obsolete technologies, some dating back 30 to 40 years, also weigh heavily on Nigeria’s manufacturing competitiveness. ‘When you are running industries with outdated machinery, your costs will always be high, and that undermines your ability to compete in global and even local markets,’ Yusuf added.

Musibau Adetunji Babatunde, commissioner for Budget and Economic Planning in Oyo State, noted that policies in agriculture and manufacturing often fail because they are not properly targeted. ‘If support is well directed to smallholder farmers and professional associations, we would see a faster turnaround,’ he said.

Babatunde argued that policies fail to support the right players. He noted that while backward integration worked in cement, similar policies have not been effectively applied on agriculture and manufacturing.

‘For smallholder farmers who want to export, the procedures are too complex, from certifications at the ports to poorly targeted incentives.

‘If support was channelled directly through their professional associations, with proper monitoring, we would see a faster turnaround, just like cement.

‘The government’s role should be to coordinate and standardise production to meet international export requirements, not to impose blanket programmes that don’t fit Nigeria’s structural realities,’ Babatunde explained.

Remember that time the Nigerian government claimed there was ‘Reverse Medical Tourism’?

Recently, a U.S. physician named Pamela Buchanan, MD, wrote on LinkedIn with startling candour. She spoke not of privilege but of pain. ‘We are walking away,’ she wrote, ‘not from medicine, but from a system that breaks us.’ Her post described colleagues who had abandoned their calling, sold their clinics, or switched careers altogether. One now runs a restaurant, while another runs a gym, she bemoaned. They were not defeated by science but by a system where care has become a contest between exhaustion and expense. The moral injury is shared by patients who cannot see a doctor and by professionals who can no longer bear to try.

Upon reading her post, I reached out to a few family members and friends in medical and pharmaceutical practice outside the country. They said she was actually careful in her narrative, and that reality in many places is even harsher. A comment under Dr Buchanan’s post by Nelson Arriaza-Silva, a healthcare professional, extended the narrative: ‘As a healthcare administrator with over 25 years of experience in both for-profit and nonprofit healthcare organisations, I strongly echo Dr Buchanan’s concerns. Too often, upper-level leadership prioritises maximising profits by pressuring medical providers to deliver more with less, rather than supporting the people who are at the heart of patient care..’ Then I recalled the uproar that erupted in our media space in February when Nigeria’s Coordinating Minister of Health, Professor Muhammad Ali Pate, remarked that some people from the United Kingdom and the United States were now coming to Nigeria for treatment, a claim later echoed by Vice President Kashim Shettima. Many dismissed it as improbable and baselessly political. Yet if we step away from outrage and look closely at the state of healthcare worldwide, the claim is less absurd than it first sounded.

In the United Kingdom, the National Health Service is burdened with more than seven million outstanding treatment pathways, and in the United States, the Merritt Hawkins 2024 Survey found that the average wait for a doctor’s appointment in major cities has stretched beyond a month, while the cost of routine diagnostics often rivals some families’ monthly earnings. Kaiser Family Foundation data show roughly 100 million Americans carry medical debt. What these numbers mean for ordinary people is simple. Appointments arrive too late, bills arrive too high, and conditions that could have been managed early become emergencies. Access and affordability are collapsing in systems once held up as models.

These pressures explain why a growing number of Diaspora Nigerians, and some foreigners, now schedule procedures in Lagos or Abuja or Port Harcourt rather than London or Houston. At Zenith Medical and Kidney Centre in Abuja, surgeons perform roughly a dozen kidney transplants every month, totalling over 800 successful transplants since 2019. St Nicholas Hospital in Lagos, now a regional training hub for West Africa, has surpassed its five hundredth case, and there are many more. The newly opened African Medical Centre of Excellence, backed by Afreximbank, is positioning Nigeria to compete in oncology, cardiology, and diagnostics. The meaning for patients is practical. A predictable date for surgery, a bill that can be planned for, and specialist teams that have now done these procedures at scale are powerful reasons to stay home or to come home.

Still, the larger truth remains sobering. Nigeria continues to lose over a billion dollars a year to outbound medical travel. For every patient who flies in, many more still fly out. Yet beneath the imbalance lies a system in transition. The Nigeria Health Sector Renewal Investment Initiative, launched from the Presidency in December 2023, has begun to bring order to decades of fragmentation. All states and development partners have signed onto a single Compact built around one plan, one budget, one report and one conversation, which means funding and effort now meet at the same table rather than pulling in competing directions. Health insurance, made mandatory by the National Health Insurance Authority Act 2022, has moved from aspiration to enforcement. In September 2025, the Presidency directed federal ministries, departments, and agencies to enrol their employees and to link procurement, licensing, and regulatory approvals to proof of coverage, with real-time digital checks so compliance is not on paper but in practice. For workers, this means a card in hand rather than cash at the gate. For employers and providers, it means predictable pools and payments.

Between late 2023 and mid-2025, more than 3.2 million Nigerians were newly enrolled in health insurance, bringing total coverage to about twenty million people, most of them through social schemes. These are not statistics for reports. They are the difference between postponing care and walking into a facility with a defined benefit that can actually be used. The Basic Health Care Provision Fund 2.0 now channels resources directly to primary health centres, subsidising coverage for the poor and vulnerable, which means the first point of contact in the community is financed to function. Nearly ?90 billion has been sent straight to over eight thousand facilities; more than one thousand three hundred have been fully revitalised, and about five thousand more are underway. In the first quarter of 2025, thirty-seven million Nigerians sought care at primary health centres compared with ten million a year earlier. The meaning is clear. People are choosing nearby clinics again, small problems are treated before they become crises, and pressure on tertiary hospitals begins to ease.

The 2023 federal health budget rose by more than forty percent to ?1.17 trillion, matched by an ambitious vaccination drive targeting over one hundred million children. In 2024, it was increased further by 5.5 percent of total expenditure, while this year it’s about six percent of total spending-the highest in over a decade. Claims data from rural providers now feed into digital dashboards that track quality, timeliness, and use, which allows managers to fix bottlenecks with evidence rather than guesswork. Speciality capacity is also moving. Three new oncology centres have opened in Katsina, Enugu, and Benin, with three more planned, and the Presidential Initiative for Unlocking the Healthcare Value Chain has mobilised more than $5 billion in investments, including support from Afreximbank and the European Investment Bank. For Nigerians, this translates to shorter waits for biopsies and radiotherapy, more reliable imaging, and hospitals that can upgrade without spending months trapped in customs and currency shocks.

These efforts have not erased shortages, but they are visible in daily life. Federal workers now receive insurance cards at onboarding, which changes the conversation at the clinic desk from payment first to eligibility and care. Trade groups are negotiating group plans, so market women, artisans, and drivers are not priced out of care at the point of service. NHIA tariffs have been recalculated using actuarial evidence, with capitation rates up ninety-three percent and fee-for-service payments up three hundred and eighty percent. For facilities, this means salaries and supplies can be planned, stockouts become less frequent, and providers have a reason to improve patient experience. Out-of-pocket spending still sits above seventy percent of health expenditure, but the direction of travel is toward pooled purchasing rather than cash payments that push families into debt.

Nigeria’s doctors, like their peers abroad, are weary. Of about one hundred and thirty thousand ever registered, fewer than sixty thousand were active by 2023. The government has responded with a Health Workforce Migration Policy and a National Health Fellows Programme that places young professionals across seven hundred and seventy-four local governments. The intent is straightforward. Communities that have long waited for a clinician are meant to see one more regularly, and hospitals that train talent for export are meant to retain more of it. Yet even physicians who have migrated acknowledge that the systems they joined are themselves faltering under bureaucracy and burnout. What unites both experiences is not geography but exhaustion. It is the cost of caring in systems that reward throughput more than relationships.

Perhaps then, Nigeria’s talk of reverse medical tourism should not be read as self-congratulation but as a glimpse of a shifting map. Competence and confidence are no longer monopolies of wealthier nations. The future of healthcare will hinge less on where technology sits and more on where trust can be found, on which systems can deliver timely, affordable, and humane care when people need it most. For some, that place is now closer to home; for others, it remains abroad. What matters is that the boundaries of credibility are moving.

The physician who cannot prescribe an affordable drug and the patient who cannot afford to see her inhabit the same crisis of access. Until nations, rich and poor alike, make health a guarantee rather than a gamble, the queues will lengthen, the weary will walk away, and the miracle of medicine will remain incomplete. In the end, the question returns to its simplest form, asked quietly in houses and waiting rooms on every continent. Where can I find a doctor?

Pension reform: Securing the future for our senior citizens

A nation is often judged by the quality of life it affords its elderly citizens. In developed societies, this is measured by access to healthcare, decent accommodation, and dignity in retirement. In Nigeria, however, this remains a pressing challenge. After years of dedicated service in the public or private sector, many retirees face uncertainty rather than comfort. Securing their future depends on the strength of our pension reform structures and the seriousness with which we implement them.

The reality is that Nigeria’s pension system still needs a comprehensive overhaul. Reforming pension administration is not a luxury; it is a necessity if we are to align with present-day realities and guarantee long-term sustainability. To chart the way forward, we must critically examine the regulatory frameworks guiding the sector and ask whether they are sufficient to safeguard the welfare of contributors and beneficiaries alike.

Pension regulatory frameworks

Pension regulation in Nigeria requires strict compliance with a set of laws, codes, and guidelines designed to ensure accountability, transparency, and the protection of contributors’ funds. The ecosystem involves Pension Fund Administrators (PFAs), custodians, regulators, and government oversight.

Some of the key frameworks include:

Companies and Allied Matters Act (CAMA) 2020 (as amended): This law regulates corporate entities in Nigeria, including PFAs, which must operate within its provisions to ensure proper governance and accountability.

Pension Reform Act (PRA) 2014 (as amended): The bedrock of Nigeria’s contributory pension scheme, the PRA requires employers to contribute a minimum of 10% of employees’ monthly earnings, while employees contribute 8%. These funds are channelled into Retirement Savings Accounts (RSAs), providing a safety net for workers in retirement.

PFA Guidelines: Issued by the National Pension Commission (PenCom), these guidelines direct how PFAs manage assets, disburse payments, and invest contributions. Their core aim is to guarantee both returns and the safety of pension funds.

Money Laundering (Prohibition) Act 2011 (as amended): This law ensures PFAs do not become conduits for illicit financial flows, reinforcing transparency in pension management.

PenCom Rules and Corporate Governance Guidelines: PenCom serves as the chief regulator, issuing policies to promote accountability and best practices in the sector. The 2021 Corporate Governance Code for Pension Business, for instance, outlines principles to enhance public trust, transparency, and efficiency.

Nigerian Code of Corporate Governance (2018): Issued by the Financial Reporting Council of Nigeria, this code provides overarching guidance on how Nigerian corporations should be governed in the interest of all stakeholders, including pension contributors.

These frameworks, collectively, are intended to protect pension assets, ensure compliance, and build a culture of transparency. However, their effectiveness depends on strict enforcement and the ethical conduct of PFAs.

Ethics, responsibility, and oversight

Beyond regulation, fiduciary ethics must remain central. Pension managers must uphold integrity in financial reporting, safeguard contributors’ information, and fulfil service promises without compromise. Issues such as conflicts of interest between PFAs and custodians, lapses in corporate social responsibility (CSR), and inadequate due diligence must be addressed firmly.

For example, separating the roles of pension fund managers from custodians is not a mere formality; it is a safeguard against misuse of funds. Similarly, CSR should not be seen as an optional add-on but as an essential obligation, given the social impact of pension management.

The way forward

Nigeria’s over-reliance on oil revenues has long left its economy vulnerable. By contrast, a well-regulated, trustworthy pension system has the potential to channel long-term funds into national development while simultaneously protecting the welfare of retirees. If managed properly, pension assets can become a source of economic stability, fuelling infrastructure, housing, and other critical sectors.

But reforms must go deeper than technical adjustments. The government must show an unwavering commitment to the welfare of senior citizens. This includes ensuring prompt payment of pensions, strict oversight of PFAs, and sanctions for misconduct. Equally, civil society and the media must demand accountability so that pensioners are not left at the mercy of inefficiency or corruption.

Conclusion

As Nigeria marks its 65th Independence anniversary, we must recognise that the true measure of freedom lies not only in political sovereignty but in how we treat those who laboured to build the nation. The happiness and dignity of our retirees should be a national priority.

Securing their future is not just about compliance with laws and codes; it is about reaffirming our values as a people. If we fail our senior citizens, we fail ourselves. But if we protect their welfare, we reinforce the foundation of trust and responsibility upon which a stronger, fairer Nigeria can be built.

Nigeria’s hospitality needs policy support to thrive – Experts

Operators in Nigeria’s multi-billion-naira hospitality industry have urged Government to extend greater support to the sector brand to strengthen their capacity as key drivers of economic growth.

The stakeholders, who acknowledged the need at the just-concluded Hotel Expo Nigeria (HEN) held in Lagos, also appealed to Government to promptly address the issues of insecurity and infrastructure deficit that continue to serve as huge hindrances to the growth of the hospitality sector.

Jonathan Hansen, founder and convener of HEN, believed that it had become important for Government to give brands and operators in the hospitality business the much-needed support since the sector remains one of the largest employer of labour.

The players explained that one of the objectives behind the annual exhibition of brands in the sector was to create awareness for the sector and provide a platform, annually, for operators to network.

Hansen further expressed delight that the annual event, which made its debut in 2019 with 14 participants had begun to gain popularity among stakeholders, with 65 brands, leveraging the platform this year to network and establish enduring business partnerships.

‘Government partnership has not been easy. The only thing that we’ve got is endorsement. This is an industry government should see as a driver of employment creation, since the ecosystem is seen as the highest employer’, he added.

Ntewak Umoh, Hospitality Business and Inventory Management Consultant, believed the exhibition offered vendors the opportunity to come together to provide wide range of businesses that, ordinarily, would have been difficult to access at a spot.