In a bid to curb the persistent damage to fiber optic cables during road construction and rehabilitation projects, the Federal Ministry of Works (FMoW) and the Federal Ministry of Communications, Innovation, and Digital Economy (FMoCIDE) have inaugurated a Joint Standing Committee on the Protection of Fiber Optic Cables.

The initiative, launched on Tuesday, February 18, at the FMoW headquarters, aims to mitigate the disruptions to telecommunications services caused by fiber cuts. The inauguration ceremony was presided over by Engr. Olufunso Adebiyi, Permanent Secretary of FMoW, and Engr. Farouk Yusuf, his counterpart at FMoCIDE, in the presence of Dr. Aminu Maida, Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC). The committee comprises key representatives from both ministries and the NCC.

Mandate of the Joint Standing Committee

The committee’s primary responsibility is to establish coordination channels between the ministries and the NCC to prevent damages to fiber optic infrastructure. Engr. Adebiyi emphasized that its role would include:

  • Creating clear communication frameworks between road construction firms and telecommunications operators.
  • Developing preventive measures to safeguard fiber optic cables from damage due to construction and vandalism.
  • Ensuring fiber cable protection is integrated into road network planning and design.
  • Collaborating with Federal Controllers of Works (FCWs) to safeguard fiber infrastructure in ongoing and future projects.

“The committee will serve as a coordinating body for all matters related to fiber optic cable protection, before, during, and after road construction projects. It will also meet regularly to address challenges, establish industry-wide solutions, and set engagement procedures,” Adebiyi stated.

He further assured that moving forward, fiber optic placement would be a priority in road infrastructure planning, with provisions made for cable ducts during construction.

Protecting the Backbone of Nigeria’s Digital Economy

Speaking at the event, Engr. Farouk Yusuf highlighted the critical role fiber optic cables play in Nigeria’s digital economy, stressing that they are the backbone of broadband infrastructure that supports economic growth and technological innovation.

“The committee’s work is vital to ensuring seamless telecommunication services, as frequent fiber cuts disrupt connectivity and impact businesses and consumers alike,” Yusuf said.

Addressing the Impact of Fiber Cuts on Telecom Services

The NCC’s Dr. Aminu Maida underscored the urgency of the initiative, revealing that Nigeria recorded over 50,000 fiber cut incidents in the past year, with around 30,000 cases linked to federal and state road construction activities. He cited the February 2024 nationwide MTN network outage as a direct consequence of these disruptions.

“A major challenge has been the lack of coordination between road construction companies and telecom operators. This committee has the potential to drastically reduce service disruptions by ensuring proper communication and preventive measures are in place,” Maida stated.

He noted that reducing fiber cuts would not only minimize network outages but also prevent excessive repair costs and unnecessary infrastructure redundancies.

“This initiative is not just for the telecommunications industry—it benefits all Nigerians. When fiber cuts occur, consumers face service disruptions, and operators incur additional costs. Preventing these incidents allows telecom providers to focus on network expansion and quality improvement,” Maida added.

The committee is expected to develop instant communication mechanisms for real-time information sharing between stakeholders, ensuring quick responses to any issues that may arise.

With this initiative, the Federal Government aims to enhance the resilience of Nigeria’s telecommunications infrastructure, reinforcing its commitment to a digitally connected and economically vibrant nation.

In a move to strengthen the education sector in Anambra State, Governor Chukwuma Soludo has reaffirmed his administration’s dedication to fostering academic excellence. This assurance came during a strategic meeting with the management of Shanahan University, led by its Vice Chancellor, Prof. Josephat Oguejiofor, earlier today.

The meeting, which centered on enhancing the quality of tertiary education in the state, provided an opportunity for Governor Soludo to emphasize the critical role of higher institutions in shaping the future of Anambra. He called on the university’s leadership to maintain a relentless pursuit of excellence, particularly in attracting and retaining world-class teaching professionals.

Focus on Quality Teaching and Well-Rounded Graduates

Governor Soludo highlighted the direct correlation between the quality of educators and the overall effectiveness of an academic institution. “A school is only as good as the quality of its teachers and its teaching,” he stated, urging the university to ensure that its faculty comprises highly skilled and experienced professionals.

Beyond academic rigor, the governor stressed the importance of producing well-rounded graduates who are not only intellectually sound but also equipped with the skills to make meaningful contributions to society. He advised the university to integrate innovative teaching methodologies and practical learning experiences that align with global best practices.

Government’s Commitment to Education

Recognizing the significance of tertiary education in the state’s broader development agenda, Governor Soludo assured Shanahan University of his administration’s willingness to offer support in areas requiring government intervention. He reiterated that his government is actively investing in public schools and extending necessary assistance to mission schools within the limits of available resources.

“Our administration is committed to improving education standards in Anambra through strategic investments in public schools and supporting mission schools to the extent that our resources permit,” he affirmed.

A Shared Vision for a Brighter Future

Governor Soludo expressed optimism that the collaboration between the government and academic institutions like Shanahan University would drive significant progress in the education sector. He described the meeting as a testament to a shared vision aimed at positioning Anambra as a hub for academic excellence.

“This meeting demonstrates our shared commitment to promoting quality education in the state,” he remarked, reinforcing his administration’s dedication to laying a solid foundation for future generations.

Concluding his remarks on an optimistic note, Governor Soludo expressed his confidence in the state’s continued success, stating: “May Anambra continue to win!”

With education as a cornerstone of his administration’s developmental agenda, Governor Soludo’s engagement with Shanahan University signals a renewed focus on strengthening the sector, ensuring that Anambra remains a leader in academic excellence in Nigeria and beyond.

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©️ Examined by Ugo Ubili

The role of women in shaping human evolution and society can not be overstated.

Women hold a significant and indispensable role in every aspect of society. From the home to the workplace, from human evolution to the future generations, and from the sciences, law, fashion, business, technology, or entertainment world to everyday life, women have made invaluable contributions that have shaped our world today.

A woman is the full circle. Within her is the power to create, nurture, and transform. Without women, without our mothers, we would not be here. They are not just part of the story – they are the story.

A virtuous woman’s price is far above ANY CURRENCY. That’s why men who find it difficult to manage a woman hardly make it in good health and otherwise. Women were created to create, support,and mitigate. Men who don’t utilize these natural gifts in women are bound to fail.

If you want something said, ask a man, but if you want something done, ask a woman. That’s why men who aligned with their partners are more meticulous and achieve their goals faster with minimal mistakes and failures. Because a woman who understand the problems of running a home can engage in any problem-solving conversation.

In the family unit, women have been the unsung heroes. They play a vital role as caregivers, nurturers, and role models. They are often the glue that holds the family together, providing love, support, and guidance to their children and partners.

Women are not only responsible for the physical well-being of their families but also for their emotional progress, guidance, and mental health in the home. They are the ones who instill values, teach morals, and shape the character of the next generation. Because they’re naturally close to the kids and stay more with them.

The best protection any woman can have… is courage. That’s why when you lift up women, you lift up families and communities along. Injustice against women is crime against families and entire humanity.

 

Only 12% of organisations feel ready for agentic AI workflows, despite significant investments, underscoring critical data and infrastructure challenges

Qlik®, a global leader in data integration, data quality, analytics and artificial intelligence, today announced findings from an IDC survey exploring the challenges and opportunities in adopting advanced AI technologies. The study highlights a significant gap between ambition and execution: while 89% of organisations have revamped data strategies to embrace Generative AI, only 26% have deployed solutions at scale. These results underscore the urgent need for improved data governance, scalable infrastructure and analytics readiness to fully unlock AI’s transformative potential.

The findings, published in an IDC InfoBrief sponsored by Qlik, arrive as businesses worldwide race to embed AI into workflows, with AI projected to contribute $19.9 trillion to the global economy by 2030. Yet, readiness gaps threaten to derail progress.

Organisations are shifting their focus from AI models to building the foundational data ecosystems necessary for long-term success.

Stewart Bond, Research VP for Data Integration and Intelligence at IDC, emphasised:
“Generative AI has sparked widespread excitement, but our findings reveal a significant readiness gap. Businesses must address core challenges like data accuracy and governance to ensure AI workflows deliver sustainable, scalable value.”

Without addressing these foundational issues, businesses risk falling into an “AI scramble,” where ambition outpaces the ability to execute effectively, leaving potential value unrealised.

“AI’s potential hinges on how effectively organisations manage and integrate their AI value chain,” said James Fisher, Chief Strategy Officer at Qlik. “This research highlights a sharp divide between ambition and execution. Businesses that fail to build systems for delivering trusted, actionable insights will quickly fall behind competitors moving to scalable AI-driven innovation.”

The IDC survey uncovered several critical statistics illustrating the promise and challenges of AI adoption:

  • Agentic AI Adoption vs. Readiness: 80% of organisations are investing in Agentic AI workflows, yet only 12% feel confident their infrastructure can support autonomous decision-making.
  • “Data as a Product” Momentum: Organisations proficient in treating data as a product are 7x more likely to deploy Generative AI solutions at scale, emphasising the transformative potential of curated and accountable data ecosystems.
  • Embedded Analytics on the Rise: 94% of organisations are embedding or planning to embed analytics into enterprise applications, yet only 23% have achieved integration into most of their enterprise applications.
  • Generative AI’s Strategic Influence: 89% of organisations have revamped their data strategies in response to Generative AI, demonstrating its transformative impact.
  • AI Readiness Bottleneck: Despite 73% of organisations integrating Generative AI into analytics solutions, only 29% have fully deployed these capabilities.

These findings stress the urgency for companies to bridge the gap between ambition and execution, with a clear focus on governance, infrastructure, and leveraging data as a strategic asset.

The IDC survey findings highlight an urgent need for businesses to move beyond experimentation and address the foundational gaps in AI readiness. By focusing on governance, infrastructure, and data integration, organisations can realise the full potential of AI technologies and drive long-term success.

For the complete findings and insights from the IDC InfoBrief Priorities and Challenges of Data and Analytics in the Midst of AI Momentum sponsored by Qlik, please sign up for the webinar and view the full report here.

About Qlik Media Contact
Qlik converts complex data landscapes into actionable insights, driving strategic business outcomes. Serving over 40,000 global customers, our portfolio provides advanced, enterprise-grade AI/ML, data integration, and analytics. Our AI/ML tools, both practical and scalable, lead to better decisions, faster. We excel in data integration and governance, offering comprehensive solutions that work with diverse data sources. Intuitive analytics from Qlik uncover hidden patterns, empowering teams to address complex challenges and seize new opportunities. As strategic partners, our platform-agnostic technology and expertise make our customers more competitive.

 

By Anthony Emeka Nwosu

As cyber threats become more sophisticated, organizations in Nigeria are facing an urgent need to strengthen their defenses. Recognizing this challenge, ThinkCyber, a leading IT capacity-building firm specializing in cybersecurity, has introduced Specto+, a powerful new security solution designed to help businesses protect their networks and stay ahead of cybercriminals.

Speaking about the new product, Mr. Uche, Country Manager of ThinkCyber, explained that Specto+ is not just another cybersecurity tool—it’s a game-changer for organizations looking to build stronger, smarter defenses against digital threats.

“Specto+ is a physical security appliance that blends seamlessly into an organization’s existing infrastructure. It’s designed to provide advanced network protection, helping IT teams detect and respond to cyber threats faster and more effectively,” Uche said.

One of the biggest challenges security teams face today is staying prepared for real-world cyberattacks. That’s why Specto+ includes powerful simulation capabilities, allowing organizations to test how well they can defend against threats like phishing attacks. By exposing weaknesses before hackers can exploit them, companies can train their teams to respond more effectively.

Beyond simulations, Specto+ also helps businesses identify vulnerabilities in their networks. Many organizations don’t realize how exposed they are until an attack happens. With Specto+, IT teams can proactively scan their systems for weak points, getting ahead of potential breaches rather than reacting when it’s too late.

Another standout feature is its anomaly detection system, which acts like a security guard constantly watching over the network. It can spot unusual activities, such as unknown devices connecting, sudden spikes in data traffic, or suspicious network scans. If anything looks out of the ordinary, Specto+ immediately alerts the security team and can even block potential threats before they cause harm.

A particularly fascinating aspect of Specto+ is its Cyber-Bait technology—ThinkCyber’s version of a next-generation honeypot. This feature tricks hackers into revealing their tactics by mimicking real services like email servers and databases. When cybercriminals attempt to break in, Specto+ collects valuable insights on their methods, helping IT teams understand their enemy and refine their defense strategies.

But cybersecurity isn’t just about technology—it’s also about the people behind the screens. Specto+ goes beyond threat detection by helping companies train their employees. It connects with ThinkCyber’s Cyberium Arena simulator, creating real-world training scenarios based on actual threats found within an organization’s network. Instead of generic cybersecurity training, employees get hands-on experience with challenges that are specific to their workplace, making them better prepared to respond when an attack occurs.

Managing cybersecurity can be overwhelming, especially for companies with limited IT resources. To make things easier, Specto+ comes with a centralized dashboard, allowing security teams to monitor all network activity in one place, configure security policies, and ensure that the system is running smoothly.

For businesses in Nigeria, where cyberattacks are becoming more frequent and damaging, Specto+ offers a timely and effective solution. It’s not just about blocking threats—it’s about building a smarter, more resilient cybersecurity culture within organizations.

Wrapping up, Mr. Uche reinforced ThinkCyber’s mission to empower Nigerian businesses with world-class cybersecurity solutions.

“The digital landscape is evolving, and so are cyber threats. Organizations need to be proactive, not reactive. With Specto+, we are providing a comprehensive security tool that not only protects networks but also prepares teams to handle the challenges of tomorrow.”

With Specto+ now available in Nigeria, ThinkCyber continues to lead the charge in helping businesses navigate the ever-changing world of cybersecurity—one secure network at a time.

Trade relations between the UK and Africa are gaining momentum. Last month, UK Minister for Trade Policy and Economic Security Douglas Alexander visited South Africa and Botswana to strengthen trade ties and create opportunities for businesses on both sides. The UK aims to expand trade and investment across the continent, fostering mutually beneficial growth by addressing trade barriers, facilitating exports and supporting trade-focused development programs. With South Africa as the UK’s largest trading partner in Africa and set to assume the G20 Presidency, this marks an important moment for deepening economic collaboration.

 

This builds on the UK’s 2019 Economic Partnership Agreement (EPA) with the Southern African Customs Union member states – Botswana, Eswatini, Lesotho, Namibia and South Africa – and Mozambique. This agreement eliminates tariffs and quotas on all goods imported from these countries into the UK, facilitating smoother trade relations and economic cooperation. The EPA aims to bolster economic ties and create a conducive environment for investments, including in the energy sector.

 

The UK is expanding its engagement across Africa, including in West and North Africa. In February 2024, it signed the Enhanced Trade and Investment Partnership (ETIP) with Nigeria – the first such agreement with an African nation – marking a significant milestone. The partnership builds on a trade relationship valued at £7 billion in the year leading up to September 2023. The ETIP focuses on key sectors such as financial and legal services, fostering economic growth and attracting investment across industries, including energy.

 

Globeleq, a UK government-backed independent power producer, has been instrumental in advancing gas-powered energy projects across Africa. Alongside its 153 MW Red Sands project in South Africa – set to become the continent’s largest standalone battery energy storage system – the company recently acquired a stake in a solar plant at Egypt’s Benban Solar Complex and secured $99 million in debt financing for Mozambique’s first wind project. Supported by shareholders such as British International Investment and Norfund, Globeleq continues to invest in upgrading existing assets and developing new utility-scale power projects, strengthening Africa’s energy infrastructure.

 

These initiatives not only strengthen the UK’s economic ties with Africa, but also support the continent’s transition to cleaner, more reliable energy

In the oil and gas sector, bp achieved first gas from the Greater Tortue Ahmeyim LNG project offshore Senegal and Mauritania at the start of this year, marking a major step in boosting regional energy production and supply. Shell is advancing its $5 billion Bonga North deepwater project in Nigeria and, alongside bp, has agreed to cover operational costs for the buyer of South Africa’s Sapref refinery – a move that could revitalize the country’s largest refinery and secure oil supply. Meanwhile, Harbour Energy, one of the UK’s largest independent oil and gas companies, is looking to expand into African markets following its acquisition of concessions in Egypt’s Nile Delta and the Mediterranean Sea.

 

The UK is also a major investor in Africa’s clean energy sector and a key partner in the Mission 300 initiative to expand electricity access to 300 million people by 2030. Last month, British International Investment (BII) committed £5.3 million to UK cleantech firm MOPO to scale battery rental operations in the Democratic Republic of the Congo, where over 80% of the population lacks electricity. In December 2024, BII and GuarantCo announced a $500 million renewable power deal with South Africa’s Etana Energy, providing $100 million in guarantees to support the country’s largest energy wheeling framework and unlock new projects. Beyond direct investments, the UK government continues to provide funding and technical assistance for energy infrastructure projects across Africa, aiming to improve energy reliability and efficiency, drive economic growth, and enhance the quality of life for local communities.

 

As a G20 member, the UK plays a pivotal role in shaping global energy investment strategies, with Africa positioned as a key partner in its trade and energy agenda. The UK’s investments in oil and gas, renewables and energy infrastructure align with broader G20 goals of energy security, sustainability and economic growth.

 

“These initiatives not only strengthen the UK’s economic ties with Africa, but also support the continent’s transition to cleaner, more reliable energy. With African Energy Week: Invest in African Energies 2025 set to convene global stakeholders, the UK’s role in advancing energy partnerships will be in focus, offering a platform to drive further investment, policy collaboration, and infrastructure development across Africa’s energy landscape,” says Johnson Kayode Obembe, Director of Sales and Partnerships, African Energy Week.

 

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Mike Sangster, Senior Vice President for Africa at TotalEnergies, will deliver a keynote address at the Invest in African Energy (IAE) Forum in Paris this May. Sangster will also participate in an exclusive fireside chat, offering critical insights into the company’s vision for Africa’s energy future, its ongoing projects and the evolving role of oil and gas in the continent’s energy mix.

 

TotalEnergies continues to drive oil and gas development across Africa, with a strong focus on both emerging and mature markets. In Namibia, the company is advancing its Venus-1 discovery, targeting first oil by the decade’s end, with an FID expected in early 2026 for a development producing 150,000 barrels per day. TotalEnergies is also exploring additional prospects in the Orange Basin, having recently drilled the Marula-1X and Tabmoti-1X wells. In the Republic of Congo, the company is investing $600 million to expand deepwater production at the Moho Nord field, while in Libya, it plans to complete an onshore exploration project and lead new drilling campaigns in the Waha and Sharara fields in 2025.

 

IAE 2025 (www.Invest-Africa-Energy.com) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

 

Meanwhile, TotalEnergies is expanding its gas processing and midstream infrastructure across Africa, strengthening its role in the continent’s evolving energy landscape. In Mozambique, the company is progressing with the Mozambique LNG project, a $20 billion development expected to secure renewed financial backing from export credit agencies. I Uganda, TotalEnergies is gearing up for first oil from its Tilenga field in 2025, with crude transported via the East African Crude Oil Pipeline (EACOP). Once operational, EACOP will be the longest heated crude oil pipeline globally, significantly enhancing East Africa’s ability to monetize its hydrocarbon resources and attract further investment into the region’s energy sector.

 

TotalEnergies is also expanding its renewable energy footprint in Africa through strategic investments in solar, wind, hydropower and green hydrogen. The company is advancing its 500 MW Sadada solar project in Libya and acquired Scatec’s hydropower portfolio on the continent in July 2024, including the 250 MW Bujagali Hydropower Plant in Uganda and stakes in projects in Malawi, Rwanda and the DRC. In South Africa, TotalEnergies is constructing a 216 MW solar plant with battery storage, along with a 140 MW wind farm and a 120 MW solar facility, set to supply green electricity to Sasol’s industrial operations. In Morocco, the company is developing the Chbika project, a 1 GW wind and solar farm designed to produce 200,000 metric tons of green ammonia annually for export to Europe. These initiatives align with TotalEnergies’ strategy to integrate renewables into its portfolio while supporting Africa’s energy transition.

 

Sangster’s participation at IAE 2025 comes at a pivotal time for Africa’s energy sector, as investors and policymakers navigate a shifting global energy landscape. His keynote address and fireside chat will provide valuable perspectives on the role of private investment in African energy, strategies for unlocking new upstream opportunities and how TotalEnergies is adapting to the continent’s long-term energy needs.

 

In a significant demonstration of its commitment to fostering collaboration with security agencies, the Nigerian National Petroleum Company Limited (NNPC Ltd.) today hosted a delegation from the National Institute for Security Studies (NISS). The visit, led by the Commandant of the Institute, Mr. J.O. Odama, fsi+, fdc, included participants of the Executive Intelligence Management Course 18, who were received by the Group Chief Executive Officer (GCEO) of NNPC Ltd., Mr. Mele Kyari, at the company’s headquarters in Abuja.

The meeting underscored NNPC Ltd.’s dedication to working closely with security agencies to ensure the delivery of its energy security mandate to Nigerians. Addressing the delegation, Mr. Kyari reiterated the company’s resolve to sustain its collaboration with security stakeholders in safeguarding the nation’s energy infrastructure and resources.

Strengthening Collaboration for Energy Security
Mr. Kyari emphasized the critical role of security agencies in enabling NNPC Ltd. to fulfill its mandate of ensuring energy security for the nation. He highlighted the challenges posed by pipeline vandalism, oil theft, and other security threats to the oil and gas sector, noting that these issues have significant implications for Nigeria’s economy and energy sustainability.

“Energy security is a cornerstone of national development, and NNPC Ltd. is fully committed to working with security agencies to address the challenges in our sector,” said Mr. Kyari. “We recognize the invaluable contributions of the National Institute for Security Studies and other security stakeholders in equipping personnel with the skills and knowledge needed to tackle these threats effectively.”

National Institute for Security Studies: A Pillar of Security Excellence
The National Institute for Security Studies (NISS), an institute under the Directorate of State Services (DSS), is renowned for its role in training senior security personnel from various agencies across Nigeria and other African countries. The Executive Intelligence Management Course (EIMC) is one of its flagship programs, designed to enhance the strategic and operational capabilities of security leaders.

During the visit, Mr. J.O. Odama, Commandant of the NISS, commended NNPC Ltd. for its efforts in ensuring energy security and expressed the institute’s readiness to continue supporting the company in addressing security challenges in the oil and gas sector.

“The National Institute for Security Studies is committed to producing well-trained security personnel who can address the complex challenges facing our nation,” said Mr. Odama. “We are proud to collaborate with NNPC Ltd. and other stakeholders in safeguarding Nigeria’s critical energy infrastructure.”May be an image of 8 people, dais, newsroom and text

A Shared Vision for National Development
The meeting between NNPC Ltd. and the NISS delegation highlighted the importance of interagency collaboration in addressing the multifaceted security challenges facing Nigeria’s energy sector. Both parties reaffirmed their commitment to working together to protect the nation’s oil and gas assets, which are vital for economic growth and national development.

The visit also provided an opportunity for the course participants to gain firsthand insights into the operations of NNPC Ltd. and the critical role of energy security in national development. The participants, drawn from various security agencies, expressed their appreciation for the company’s efforts in ensuring a stable and secure energy sector.

Looking Ahead
As Nigeria continues to navigate the complexities of energy security, the collaboration between NNPC Ltd. and security agencies remains a key priority. The visit by the NISS delegation underscores the importance of fostering strong partnerships to address the challenges in the oil and gas sector and ensure the sustainable delivery of energy resources to Nigerians.

NNPC Ltd. remains steadfast in its commitment to leveraging collaboration, innovation, and strategic partnerships to achieve its mandate of energy security and contribute to the nation’s economic prosperity.

About NNPC Ltd.:
The Nigerian National Petroleum Company Limited (NNPC Ltd.) is the state-owned oil corporation responsible for the exploration, production, and distribution of petroleum products in Nigeria. The company plays a pivotal role in ensuring energy security and driving the nation’s economic growth.

About NISS:
The National Institute for Security Studies (NISS) is a premier institute under the Directorate of State Services (DSS) dedicated to training senior security personnel from Nigeria and other African countries. The institute’s programs are designed to enhance the strategic and operational capabilities of security leaders.

 

Abuja, Nigeria – In a pivotal meeting aimed at bolstering Nigeria’s economic resilience and global financial standing, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today held high-level discussions with Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF). The meeting, held in Abuja, focused on critical economic reforms, private sector investment, and Nigeria’s role in global financial affairs.

The discussions underscored Nigeria’s commitment to implementing transformative economic policies to address current challenges and unlock sustainable growth. Minister Edun highlighted the government’s ongoing efforts to enhance social investment programmes, including the transition to a biometric-based system designed to improve transparency, efficiency, and accountability in the delivery of social services.

“We are committed to ensuring that our social investment programmes reach the intended beneficiaries effectively,” said Edun. “The adoption of biometric technology is a game-changer in this regard, as it eliminates leakages and ensures that resources are allocated where they are needed most.”

Economic Reforms and Revenue Mobilisation
The Minister outlined several key reforms aimed at strengthening Nigeria’s fiscal position. These include advancing tax reforms, implementing revenue assurance mechanisms, and accelerating digitalisation efforts to enhance domestic resource mobilisation. He also noted the significant increase in crude oil production, which has risen from 1.2 million to 1.7–1.8 million barrels per day, providing a much-needed boost to national revenue.

“Our focus is on creating a robust and resilient economy that can withstand global shocks,” Edun stated. “By improving revenue collection and expanding our revenue base, we are laying the foundation for sustainable economic growth.”May be an image of 4 people, dais and text

Private Sector Investment and Renewable Energy
A major highlight of the discussions was the role of private sector investment in driving economic growth. Minister Edun emphasised the government’s policy shifts aimed at attracting investments in renewable energy, particularly solar power, and promoting service exports. He also addressed ongoing reforms in the electricity sector, advocating for expanded metering to improve efficiency and reduce losses.

“The private sector is a critical partner in our economic transformation agenda,” Edun said. “We are creating an enabling environment for investments in renewable energy and other key sectors to diversify our economy and create jobs.”

Global Financial Engagement and Credit Ratings
On the international front, the meeting explored Nigeria’s participation in global financial policy and efforts to secure fairer and improved credit ratings for African economies. Minister Edun stressed the importance of enhancing fiscal data transparency to strengthen Nigeria’s credit profile, attract foreign investors, and reduce borrowing costs.

“Improving our credit rating is essential for accessing affordable financing and attracting investments,” Edun explained. “We are working closely with international partners to ensure that our fiscal data is transparent and credible, which will enhance investor confidence in our economy.”

IMF’s Commitment to Supporting Nigeria
In her remarks, Gita Gopinath acknowledged the economic challenges facing Nigeria and reaffirmed the IMF’s commitment to supporting the country’s efforts to achieve sustainable growth. She highlighted the importance of targeted social interventions to address the high cost of living and improve the welfare of citizens.

“We discussed Nigeria’s economic outlook and the need to accelerate social support programmes to mitigate the impact of rising living costs,” Gopinath said. “The IMF remains committed to working with Nigeria to implement policies that promote economic stability and inclusive growth.”

A Path to Sustainable Growth
The meeting concluded with a reaffirmation of Nigeria’s commitment to pursuing economic stability, investment-friendly policies, and deeper regional trade integration. These efforts are expected to pave the way for sustainable growth and prosperity, positioning Nigeria as a key player in the global economy.

As Nigeria continues to navigate complex economic challenges, the collaboration with the IMF and other international partners is expected to play a crucial role in driving reforms, attracting investments, and improving the livelihoods of millions of Nigerians.

About the IMF:
The International Monetary Fund (IMF) is a global financial institution that works to ensure monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty worldwide.

 

In a significant move towards reclaiming abandoned mining sites in Plateau State, the Honourable Minister of Solid Minerals Development, Dr. Dele Alake, has called for robust collaboration among stakeholders to ensure the success of a newly launched Geographic Information System (GIS) database project. The initiative, spearheaded by ImPPPact Nigeria Alliance, aims to address the environmental and economic challenges posed by derelict mining sites while unlocking new opportunities for sustainable development.

Dr. Alake made the call during a courtesy visit by Mr. Olushola Ajayi, Managing Director of ImPPPact Nigeria Alliance, to the Ministry’s headquarters in Abuja on Monday. Represented by Dr. Ijeoma Idika, Director of Human Resources, the Minister commended ImPPPact Nigeria Alliance for its pivotal role in repositioning Nigeria’s mining sector and expressed confidence in the project’s potential to transform Plateau State.

“This project is a critical step towards addressing the environmental degradation caused by abandoned mining sites and unlocking their potential for economic use,” said Dr. Alake. “I urge ImPPPact Nigeria Alliance to leverage technical advice from the Ministry and collaborate closely with state officials, relevant agencies, and local communities to ensure its success.”

GIS Database Project: A Game-Changer for Plateau State
Mr. Olushola Ajayi, during his presentation, revealed that the GIS database project is part of a Memorandum of Understanding (MoU) signed between ImPPPact Nigeria Alliance and the Ministry in 2023. Plateau State has been selected as the first beneficiary of this reclamation initiative, which seeks to provide accurate spatial and environmental data essential for effective planning and execution.

“Currently, there is no comprehensive GIS data available for abandoned mining sites in Plateau State,” Ajayi explained. “This data is critical for site identification, environmental assessment, and land-use planning. Without it, rehabilitation efforts are significantly hampered.”

The project will be executed in two phases. The first phase involves the collation of GIS data to create a detailed database of abandoned mining pits. This data will help identify and characterize the sites, providing a foundation for their rehabilitation. The second phase will focus on reclaiming the sites and repurposing them for sustainable uses, such as solar energy generation, agriculture, tourism, or other economic activities based on their suitability.

Leveraging Advanced Technology and Expertise
To ensure the accuracy and efficiency of the project, ImPPPact Nigeria Alliance is collaborating with Intomatics, a Germany-based company specializing in geomatic services. Intomatics will employ satellite imagery techniques to gather data, which will be cross-referenced with on-the-ground realities in Plateau State.

Andreas Kuhnen, Director of Geospatial Data at Intomatics, elaborated on the technical aspects of the project. “The GIS data generated will be processed using artificial intelligence programs to extract specific information from satellite images. This will create a stable workflow for the reclamation process, ensuring precision and efficiency,” he said.

A team of experts, government officials, and local communities will work together to validate the collected data, ensuring its accuracy and relevance. The finalized data will be presented to the mining cadastre for future reference, with the aim of attracting major investors to the sector.

Transforming Abandoned Sites into Economic Assets
One of the most ambitious aspects of the project is its focus on repurposing reclaimed sites for renewable energy generation. Plateau State is poised to become a hub for solar energy, with abandoned mining sites being transformed into solar farms. This initiative aligns with global efforts to combat climate change and promote sustainable energy solutions.

“The second phase of the project will not only address environmental concerns but also create new economic opportunities for Plateau State,” Ajayi stated. “By repurposing these sites for solar energy, agriculture, or tourism, we can turn what was once a liability into a valuable asset for the state and its people.”

A Collaborative Effort for Sustainable Development
The GIS database project underscores the importance of collaboration between the federal government, state authorities, private sector players, and local communities. Dr. Alake emphasized the need for all stakeholders to work together to achieve the project’s objectives, which align with the Ministry’s broader vision of revitalizing Nigeria’s mining sector and promoting sustainable development.

As Plateau State takes the lead in this groundbreaking initiative, the project is expected to serve as a model for other states grappling with the challenges of abandoned mining sites. By leveraging advanced technology, fostering stakeholder collaboration, and prioritizing environmental and economic sustainability, the GIS database project represents a significant step forward in Nigeria’s journey towards a more prosperous and sustainable future.

About ImPPPact Nigeria Alliance:
ImPPPact Nigeria Alliance is a leading organization dedicated to driving sustainable development through public-private partnerships. The Alliance works closely with government agencies, private sector players, and local communities to implement innovative solutions for economic and environmental challenges.

About Intomatics:
Intomatics is a Germany-based company specializing in geomatic services, including GIS data collection, satellite imagery, and artificial intelligence-driven data processing. The company provides cutting-edge solutions for environmental and infrastructure projects worldwide.