NEWS AGENCY OF NIGERIA
Don seeks research commercialisation, technology transfer

Don seeks research commercialisation, technology transfer

187 total views today

 

 

By Millicent Ifeanyichukwu

 

A former Deputy Vice-Chancellor of Olabisi Onabanjo University, Prof. Mbang Femi-Oyewo, has urged research commercialisation and technology transfer to bridge gaps between academia and industry.

 

Femi-Oyewo made this call during Trinity University’s sixth Founder’s Day lecture, with the theme ‘Celebrating Legacy, Inspiring the Future’, held on Tuesday in Yaba, Lagos.

 

She emphasised the importance of infrastructure and technological advancement, urging universities to embrace digital transformation and form partnerships with technology-driven organisations.

 

“Implement Learning Management Systems to support online learning. Develop mobile apps for students to access materials, submit assignments, and interact with faculty effectively,” she said.

 

She further highlighted the need for modern facilities, research laboratories, and digital platforms, alongside training to help staff integrate technology and leadership principles into teaching.

 

Femi-Oyewo, a Trinity University Governing Council member, encouraged the institution to adopt innovative, technology-driven solutions to address challenges in contemporary university education.

 

She stressed that embracing the evolving higher education landscape is key to ensuring Total Quality Assurance and maintaining Trinity University’s academic brand.

 

In her remarks, UNILAG Vice-Chancellor, Prof. Folasade Ogunsola, urged institutions to generate relevant knowledge contributing meaningfully to national growth and development.

 

Ogunsola, who chaired the event, described research as a problem-solving mindset central to the university’s role, beyond just teaching responsibilities.

 

“Universities must generate contextual knowledge that helps solve real problems. We must teach, research, and engage with communities to stay relevant.

 

“By tackling real-world challenges, students learn and conduct meaningful research. Our purpose is to address society’s issues through practical inquiry.

 

“Research must serve communities—moving from ‘town to gown’. We must study real problems and develop practical, impactful solutions,” she said.

 

Ogunsola added that by urging TU to fulfil its mission as it enters its seventh year, using knowledge to advance Nigeria through technology and innovation.

 

Prof Clement Kolawole, TU Vice-Chancellor, expressed delight at the institution’s progress and appreciated Ogunsola’s support and guidance.

 

“In six years, we grew from 60 students and five staff to 1,800 students and around 130 staff members. We are grateful,” he said.

 

He noted that 18 academic programmes are now fully accredited by the National Universities Commission and relevant professional bodies, including Nursing and Medical Laboratory Councils.

 

Kolawole reaffirmed TU’s commitment to producing graduates of strong character, practical skills, and readiness to make positive change wherever they go.

 

The News Agency of Nigeria (NAN) reports that the event featured student performances, a choir, and orchestra presentations, among other engaging side attractions. (NAN) (www.nannews.ng)

 

Edited by Remi Koleoso / Kamal Tayo Oropo

China etches global impact in currency

China etches global impact in currency

198 total views today

 

 

 

 

 

 

 

 

 

 

By Busayo Onijala

 

A new book, Chinese Imprints on World Currency, highlights China’s growing global partnerships and infrastructure projects under the Belt and Road Initiative (BRI).

 

 

 

Launched on Monday in Beijing, the book showcases 121 coins and banknotes from 58 countries marking key Chinese-built infrastructure projects.

 

 

 

China’s Assistant Foreign Minister, Hong Lei, described the book as a tribute to the nation’s contributions and efforts toward a shared future for humanity.

 

 

 

“This collection highlights the achievements of Chinese enterprises and our commitment to a more connected and prosperous world,” Hong stated.

 

 

 

He added that through global infrastructure efforts, China promotes peace, prosperity, and long-term international cooperation.

 

 

 

The News Agency of Nigeria (NAN) reports that the book reflects three themes: large-scale construction, environmental protection, and diplomatic collaboration.

 

 

 

Author Du Xiaojian expressed pride in China’s impact and growing recognition on the global stage through cooperation and shared development.

 

 

 

“With China’s achievements and vision, the world becomes more deeply connected,” Du said during his address.

 

 

 

A key feature is the global currency collection showcasing infrastructure built by Chinese companies.

 

 

 

For instance, Jamaica’s 5,000-dollar banknote features the North-South highway, built by China Harbour Engineering Company.

 

 

 

Croatia’s 25-kuna 2022 commemorative coin displays the Pelješac Bridge, constructed by China Communications Construction Company (CCCC).

 

 

 

The bridge represents the largest transportation project since diplomatic ties were established between China and Croatia.

 

 

 

Sri Lanka’s 20-rupee note celebrates the Colombo Port project, jointly undertaken with China under the BRI.

 

 

 

CCCC President Wang Haihuai said the Colombo Port City project will generate 140,000 direct jobs, boosting Sri Lanka’s economy.

 

 

 

CCCC, one of China’s top international contractors, has worked in 158 countries, executing over 18 major global infrastructure projects.

 

 

 

Wang emphasised that these developments are more than physical works; they are economic lifelines for host nations.

 

 

 

“The appearance of Chinese-built infrastructure on world currency shows win-win cooperation and honours Chinese enterprise,” Wang remarked.

 

 

 

He added that these currencies symbolise China’s tangible investments and the mutual respect between partner countries.

 

 

 

Beyond infrastructure, Chinese firms also support education and talent development globally.

 

 

 

With nearly 90,000 overseas staff, CCCC has created thousands of jobs and sponsored over 400 students to study in China.

 

 

 

Wang noted that investing in people ensures lasting benefits for partner nations and their projects.

 

 

 

The event also reaffirmed China’s diplomatic values of peace, mutual respect, and non-interference in other nations’ internal affairs.

 

 

 

President Xi Jinping’s vision of multilateralism and inclusive development was echoed throughout the launch.

 

 

 

As China expands globally through the BRI, Global Development Initiative, and Global Security Initiative, the book highlights its leadership role.

 

 

 

NAN also reports that ambassadors from over 10 countries, including Sri Lanka and Egypt, attended the ceremony.

 

 

 

The envoys praised the BRI’s impact and pledged to strengthen people-to-people exchanges and cooperation with China. (NAN) (www.nannews.ng)

 

Edited by Kamal Oropo

Physicians advocate integrating mental health services in primary care

Physicians advocate integrating mental health services in primary care

237 total views today

 

 

 

 

 

 

By Oluwafunke Ishola

 

 

 

The Society of Family Physicians of Nigeria (SOFPON) says integrating mental health services into primary care, through the efforts of family physicians, is crucial for improving mental health outcomes of patients.

 

Its President, Dr Blessing Chukwukelu, said this on Monday during a news conference in commemoration of World Family Doctor Day.

 

The World Family Doctor Day, celebrated globally on May 19, aims to highlight the vital role family doctors play in mental wellness, emphasising the interdependence between doctors’ well-being and ability to care for patients.

 

 

 

The theme of the 2025 celebration is “Building Mental Resilience in a Changing World”.

 

Chukwukelu noted that primary care, with its emphasis on long-term relationships, continuity of care, and a person-centred approach, is uniquely positioned to promote mental wellness.

 

She emphasised that integrating primary care aligned with the recommendations of the World Health Organisation (WHO) for low and middle-income countries like Nigeria, as a foundation for improving mental health outcomes.

 

According to her, this approach to care enables early diagnosis and treatment for mental health conditions before they escalate to crises.

 

 

 

“The burden of mental illness in Nigeria is substantial, a fact that is often obscured by the pervasive stigma that surrounds mental health issues.

 

 

 

“This stigma, this reluctance to acknowledge and address mental health challenges, prevents countless individuals from seeking the help they need.

 

“It leads to delay in diagnosis, hinders access to treatment, and it perpetuates a cycle of suffering that can have devastating consequences,” she said.

 

Chukwukelu highlighted that the shortage in the number of psychiatrists, a ratio put at one psychiatrist to 700,000 patients, was a major impediment to access specialised care, especially in rural and underserved areas.

 

 

 

The president noted that routine screening for mental health conditions in primary care settings is unmet due to the absence of standardised screening tools that are culturally appropriate for the Nigerian context.

 

 

 

She lamented that the situation is further complicated by the lack of adequate training in mental healthcare for primary care staff.

 

 

 

“This lack of training leaves a significant gap in the early identification and management of common mental disorders at the community level, where family physicians are often the only healthcare providers readily accessible.

 

“It is against this backdrop that the role of the family physician becomes even more critical.

 

“We, as family doctors, are strategically positioned to address these challenges, to bridge these gaps, and to make a tangible difference in the lives of those struggling with mental health conditions.

 

“As the first point of contact in the healthcare system, we have the opportunity to conduct initial mental health screening, using validated tools such as the General Health Questionnaire (GHO-12) or the Patient Health Questionnaire (PHO-9), which have been successfully piloted in some Nigerian primary care settings,” she said.

 

 

 

She emphasised that these screenings can help to identify individuals who may be at risk of mental health problems, allowing for early intervention and timely referral to specialised services when needed.

 

Chukwukelu noted that family doctors’ presence and proximity in communities allow them to raise awareness about mental health issues, reduce the stigma that surrounds it and encourage individuals to seek help without fear of judgment.

 

She added that through targeted training in mental health, family physicians acquire the skills and knowledge necessary to manage common mental disorders effectively.

 

“We are not just treating illnesses; we are caring for people. We are not just addressing symptoms; we are understanding the context of their lives.

 

“Life, as we all know, can be incredibly stressful and uncertain. Individuals everywhere are grappling with a wide range of challenges, from anxiety and depression to grief and the everyday pressures of modern life.

 

 

 

“Family Doctors, with their holistic understanding of their patients’ lives, are able to identify and address these challenges early, before they escalate into a full-blown crisis,” she said.

 

According to her, SOFPON is championing conversation from an unattainable idea of perfect mental health to one of building resilience, adaptability, and balance in an ever-changing world.

 

She acknowledged the challenges of mental health care, however, noted that they are surmountable through collaborating across sectors and harnessing the power of collective expertise.

 

 

 

“We can create a society that not only supports mental health but also fosters resilience, enabling individuals to live fulfilling lives, to reach their full potential, and to contribute meaningfully to their communities,” she said.

 

 

 

Similarly, Dr Sixtus Ozuomba, Lagos State Chairman of SOFPON, urged family doctors to prioritise their mental wellness to enable them to function effectively for their patients.

 

According to Ozuomba, doctors aren’t immuned to social and economic challenges, which could affect their mental health.

 

According to him, paying proper attention to mental well-being enables both doctors and patients to thrive together, creating a healthier and more resilient healthcare system.

 

He disclosed that SOFPON was collaborating with R-Jolad Hospital to celebrate the World Family Doctor’s Day with an awareness walk and free health outreach for the public. (NAN) (www.nannews.ng)

 

Edited by Vivian Ihechu

Bank CEO urges Africa to embrace value-added exports

Bank CEO urges Africa to embrace value-added exports

132 total views today

 

 

 

 

By Taiye Olayemi

Mr Paul Abiagam, Chief Executive Officer (CEO) of Coronation Merchant Bank, has urged African nations to prioritise value-added products over raw material exports for continental economic growth.

Abiagam made the call in an interview with the News Agency of Nigeria (NAN) on Monday in Lagos.

He stated that Africa must strategically leverage partnerships and patient capital to drive development.

Abiagam emphasised the need for African countries to develop industrial policies that promote value addition, deepen capital markets, and attract aligned partnerships.

Citing examples from Côte d’Ivoire, Ghana, Benin, and Ethiopia, the expert highlighted successful initiatives that incentivise local processing and manufacturing, creating jobs and stabilising foreign exchange reserves.

He added, “Consider the cocoa sector, Côte d’Ivoire and Ghana, long known for exporting raw cocoa, are now advancing policies to incentivise local processing and manufacturing.

“Their objective is clear, which is transitioning from commodity exporters to value creators. These governments are compelling corporates to move further down the value chain to increase export revenues, create jobs, and stabilise forex reserves.

“This is not theory, it is economics. Processing cocoa at source retains more value and catalyses inclusive markets with significantly higher earnings potential.

“The Republic of Benin offers another example. Once primarily an exporter of raw cashew nuts to Vietnam, it is now taking decisive steps to process cashews locally.

“In Ethiopia, an ambitious industrial policy is positioning the country as a regional manufacturing hub, these are not isolated cases. They are signals of what is possible when policy, capital, and corporate resolve align.”

The CEO noted that in spite these strides, African countries continue to pay disproportionately high premiums to access capital.

Abiagam said that the challenges in accessing capital are due to high-risk premiums, macroeconomic volatility, and currency fluctuations.

He noted that African must realise that the cost of capital remains a stubborn barrier to industrialisation.

To address this, the expert advocated a new financial realism, anchored in value addition, strategic industrial hubs, and nuanced understanding of African markets.

He said that Africa could become a factory floor, processing powerhouse, and digital engine, but requires confidence, competence, and strategic partnerships to unlock its potential. (NAN) (www.nannews.ng)

 

Edited by Olawunmi Ashafa

Insurers unveil campaign on Third-Party Motor Insurance compliance

Insurers unveil campaign on Third-Party Motor Insurance compliance

149 total views today

 

 

 

 

By Taiye Olayemi

 

 

 

Nigerian insurance companies on Monday initiated a comprehensive three-month public awareness campaign aimed at increasing compliance with mandatory third-party motor insurance regulations.

 

Mrs Ebelechukwu Nwachukwu, Chairman of the Sub-committee on Publicity, Insurance Industry Consultative Committee (IICC), made this known during the launch of the campaign on Monday in Lagos.

 

She said that the campaign aims to address the public’s knowledge gap regarding insurance policies.

 

According to her, it also meant to sensitise the public on the need to acquire authentic third-party motor insurance as well as deepen insurance penetration in Nigeria.

 

She said that the campaign which has the theme, “Third-Party Insurance Works, Get It, Use It”, remains a call to action.

 

“The National Insurance Commission (NAICOM) has done a lot of work to make sure that the enforcement of third-party motor insurance is successful. Now, the industry wants to respond to that by launching an awareness campaign on third-party for three months.

 

“Our main aim is to let people know that it is necessary to buy third-party motor insurance that is authentic.

 

“Also, it is also to let people know what the third party actually covers, to inform them about platforms where they can buy authentic third-party insurance. It will ensure that they know that every third-party certificate they carry has to be verifiable, along with the platforms where they can verify it.

 

“Again, in the course of our communication, we will let them know the price of third-party insurance.

 

“If third-party insurance is embraced, insurance penetration will increase significantly in Nigeria,” she said.

 

Nwachukwu noted that during the three-month campaign duration, four categories of media would be engaged: print, radio, digital, and out-of-home platforms.

 

She said the campaign, designed to be held in major cities like Lagos, Abuja, and Port Harcourt, among others, would be conducted in five languages: English, Pidgin, Yoruba, Hausa, and Igbo.

 

She explained that the committee is currently speaking with multiple agencies to see how further awareness could be created to ensure the policy is embraced.

 

She said that after the three-month campaign duration, the committee would organise a longer campaign to continue sensitising the public.

 

She said the public would be enlightened on the Economic Community of West African States (ECOWAS) aspect of the third-party motor insurance they possess.

 

She explained that the insurance policy could take a policyholder across all ECOWAS countries without necessarily getting the same policy in those countries.

 

Also speaking, Mr Segun Bankole, Chairman of the Corporate Affairs Managers Committee of the Nigerian Insurers Association (CAMCONIA), expressed the association’s commitment to amplifying the awareness campaign.

 

“The insurance industry is bedeviled with negative news; we need to make it work. Some Police officers also lack knowledge on what they are trying to make compulsory. So the awareness campaign is of great importance,” he said.

 

Meanwhile, Mr Ademola Abidogun, Managing Director of Guinea Insurance Plc, assured the media of the committee’s continued engagement.

 

Also, Mrs Bimbo Onakomaya, Managing Director of Peakthrust Insurance Brokers and a member of the committee, underscored the importance of the campaign, urging industry stakeholders to embrace it. (NAN)

 

Edited by Olawunmi Ashafa

Capital Market crucial for Nigeria’s trn economy goal- Wale Edun

Capital Market crucial for Nigeria’s $1trn economy goal- Wale Edun

109 total views today

 

 

 

By Taiye Olayemi

 

The Minister of Finance, Mr Wale Edun, has emphasised the crucial role of the capital market in achieving the nation’s ambitious goal of becoming a one-trillion dollar economy.

Speaking at the Capital Market Committee (CMC) meeting, the minister highlighted the market’s transformation since 2015.

He said that with improvements in governance structures, new products and platforms, a stronger regulatory environment, and growing investor participation, the capital market is capable of delivering Nigeria’s proposed one trillion dollar economy.

Edun was represented by the Minister of State for Finance, Dr Doris Uzoka-Anite.

According to the minister, the implementation of the Capital Market Master Plan (2015-2025) had been instrumental in increasing the market’s contribution to the national economy, developing a sophisticated market structure, and improving competitiveness.

Edun said the revised plan prioritises digitalisation, innovation, sustainability, inclusion, and capital formation, aligning with the broader economic reform agenda.

He said that the passage of the new act modernises the legal and regulatory framework, streamlines enforcement mechanisms, and provides clarity on emerging areas such as digital assets and crowdfunding.

On the challenges and opportunities inherent in the Act, the minister said it would help deepen market participation, and to ensure regulatory coordination remains tight.

The minister noted that the government is committed to creating an enabling environment for private sector innovation to flourish within a fair and transparent environment.

He said the market is expected to contribute to the economy, serving not only for capital raising but also as a vehicle for wealth creation, economic inclusion, and long-term national resilience.

He explained that with SEC undertaking regulatory reforms, including joining the GBMC Network of IOSCO in promoting and implementing ISSB Standards, among others, the domestic economy recorded the fastest GDP growth in about a decade in 2024, driven by a strong fourth quarter and improved fiscal position.

Earlier in his speech, the Director-General of SEC, Dr Emomotimi Agama, emphasised the Commission’s commitment to regulatory reforms and capital market growth.

According to him, the enactment of the Investment and Securities Act (ISA) 2025 marks the beginning of a transformative new era for the capital market.

Agama highlighted the commission’s efforts to deepen engagement with stakeholders, ensure widespread dissemination and understanding of the new law, and drive innovation and compliance.

He also emphasised the importance of restoring investor confidence, bringing timely relief to aggrieved investors, and creating a platform for broad-based participation of Nigerians in wealth creation.

He noted that the Commission has constituted an implementation team to thoroughly engage with every provision of the ISA 2025 and set up a dedicated sensitisation team to deepen public understanding of the new law.

He said a podcast series had also been launched to simplify the ISA 2025 and make it accessible to all Nigerians.

Agama highlighted the Nigerian capital market’s impressive performance in 2024, with the NGX All-Share Index increasing by 37.65 per cent and market capitalisation growing by 53.39 per cent.

He also noted the commission’s efforts to enhance regulatory efficiency, promote market integrity, and protect investors.

He emphasised the importance of financial inclusion and investor education, citing the commission’s initiatives to empower women, youth, and grassroots communities.

He also highlighted the commission’s commitment to technology-driven solutions, including the launch of an e-survey to assess emerging technology adoption in the Nigerian capital market.

Agama emphasised the commission’s commitment to fostering growth, transparency, and sustainability in the capital market, and looked forward to fruitful deliberations at the meeting.

The highlight of the CMC meeting was the unveiling of the ISA Act 2025 by the minister. (NAN) (www.nannews.ng)

Edited by Olawunmi Ashafa

Kosofe LG distributes food items to 5000 residents

Kosofe LG distributes food items to 5000 residents

102 total views today

 

 

 

 

By Oluuwaseun Nubi

 

The Kosofe Local Government in Lagos State has donated food items to no fewer than 5,000 residents during its 10th edition of Kosofe Food Bank Initiative.

 

Mr Moyosore Ogunlewe, Chairman, Kosofe LG, said this on Monday in Lagos, adding that plans were in the works to extend the initiative to Kosofe estates and senior citizens in the next edition.

 

He said that this would further expand the initiative and also show the LG’s commitment to its residents.

 

The chairman said that the initiative was a way to cushion the effect of hardship in the council area.

 

“This initiative did not just start. We started this since we came into office and it is not going to stop now.

 

“We are taking it to diverse community groups, including the CDC, Non-indigene coalition, Christian Association of Nigeria, League of Imams, and Widows Association among others.

 

“They will all receive comprehensive food packages containing essential staples such as rice, gari, beans and semolina,” he said.

 

Ogunlewe expressed gratitude to residents for emerging winner at the recently just concluded primaries.

 

He said that the votes by the delegates reflect the collective satisfaction with his administration and service delivery to Kosofe residents.

 

“Following my unanimous election as the APC chairmanship candidate for Kosofe LG, securing all 25 delegate votes in the concluded primary election, I want to extend my profound gratitude to everyone.

 

“I appreciate all distinguished party leaders across Kosofe LGA and Lagos State and especially to my people, thank you all,” he said.

 

Ogunlewe restated his unwavering commitment to the residents if re-elected.

 

Some residents expressed their appreciation, noting that the gesture was timely and impactful.

 

A beneficiary, Mrs Funmi Adeyemi, a trader, said that the initiative had brought relief to her family.

 

“This food distribution programme has brought immense joy and relief to my family.

 

I am grateful to the Chairman, for his kindness and commitment to our well-being,” she said.

 

Also, Mr John Olabode said that the chairman had committed himself to see to some of the basic needs of the community.

 

He urged other leaders to emulate this kind of grassroots initiative.

 

“We appreciate the Kosofe Food Bank initiative, which has been a lifeline for many of us.

 

“Thank you for addressing food insecurity in our community,” he said. (NAN) (wwww.nannews.ng)

Edited by Adebayo Sekoni

Inclusivity: NITDA inaugurates IT community centre in Lagos suburb

Inclusivity: NITDA inaugurates IT community centre in Lagos suburb

162 total views today

 

 

 

 

 

 

By Stellamaris Ashinze

 

The National Information Technology Development Agency (NITDA) on Thursday inaugurated an Information Technology Community Centre in Akesan community, a Lagos suburb, to encourage inclusivity.

 

The Director-General, NITDA, Malam Kashifu Inuwa, said at the inauguration that the hub was designed to provide access to digital infrastructure and skills, particularly in rural and underserved communities.

 

Inuwa said that NITDA had embarked on a mission to build digital innovation hubs across Nigeria, aimed at promoting economic growth and inclusivity.

 

“This initiative is part of the Federal Government’s Renewed Hope Agenda to accelerate diversification through industrialisation, digitisation, creative art manufacturing, and innovation.

 

“The agency has already established 222 smaller digital centres in schools, 18 community centres and three innovation hubs across the country.

 

“The agency’s target is to set up over 1,600 digital innovation hubs nationwide, ensuring every Nigerian has access to digital opportunities.

 

“NITDA’s initiative aims to bridge the digital divide and promote inclusivity, enabling Nigerians from all walks of life to participate in the digital economy.

 

‘”With the target of establishing over 1,600 digital innovation hubs, the agency is poised to make a significant impact on the country’s economic growth and development,’’ the NITDA boss said.

 

Inuwa added that the IT community centre was designed to be sustainable, with community ownership and leadership playing a crucial role in its management.

 

According to him, NITDA provides guidelines and benchmarks for the centre, while the communities are responsible for its day-to-day operations.

 

The director-general said that the agency’s approach involved working closely with community leaders, elders, and youth to ensure the centres are well-managed and sustainable.

 

He said that this model had been successful in some communities, such as the Akesan community in Lagos, where a woman donated land for the project.

 

Also speaking at the inauguration, the Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, said that there was something powerful about being in Lagos.

 

Tijani said that the city had consistently stood at the forefront of innovation, enterprise, and ambition.

 

He noted that as Nigeria’s economic nerve centre, Lagos had not only nurtured some of the continent’s most successful companies, but had also raised generations of young people, who saw technology as a tool to build, solve and lead.

 

“My Ministry is committed to promoting inclusivity through capacity building initiatives like the 3MTT programme.

 

“We are also developing the National Digital Economy & e-Governance Bill, which is a robust legislative framework that will help guide our everyday engagement online.

 

“Our work at the Ministry also includes Project BRIDGE, our ambitious effort to improve interconnectivity by deploying 90,000km of fibre-optic cable across Nigeria,’’ he said.

 

According to Tijani, this is a critical imperative as the Ministry works towards making Nigeria a $1trillion economy powered by innovation, infrastructure, and inclusive growth.

 

‘’Today, we gather to commission the NITDA Community Centre in Lagos, a space that is more than just a building.

 

Tijani said that it was a strategic extension of national mission, a bridge between the Federal Government’s digital economy policies and the unmatched energy, ingenuity, and innovation that Lagos represented.

 

The minister said that the Centre aligned with the goals of the President’s Renewed Hope Agenda which was to decentralise opportunity, expand access to digital skills, and make innovation part of Nigerians’ everyday experience.

 

According to him, it is also a reflection of one of the Ministry’s core missions to bring technology and innovation closer to the people.

 

Also speaking at the occasion, the land donor, Mrs Sikiratu Abdulaziz, expressed excitement over being able to impact the community through the land donation.

 

She appreciated the government for giving the community such opportunity to be digitally empowered.

 

Also, Mr Nurudeen Babatunde, Director, Infomind Technology, beneficiary of the IT Community centre, said that the centre would operate on two models, the free and paid models.

 

Babatunde said that income from the paid model would be used for the sustainability of the centre.

 

NAN reports that the IT community centre houses over 70 laptops and has free Internet subscription. ((NAN)(www.nannews.ng)

 

Edited by Christiana Fadare

Foundation awards scholarship to 300 students in Ogun, Osun

Foundation awards scholarship to 300 students in Ogun, Osun

186 total views today

 

 

 

By Angela Atabo

A Non-Governmental Organisation, Dare Adeboye Foundation, has awarded scholarships to 300 students in Ogun and Osun.

 

The foundation’s Chairman of the Board of Trustees, Pastor Leke Adeboye, made this known in a statement on Thursday in Abuja.

 

Adeboye said that the scholarship scheme was held in partnership with the Ogun and Osun governments, with four screening examination centres.

 

He said that the gesture was part of the foundation’s continued commitment to education and youth empowerment.

 

“Scholarships were given to 300 students from Ogun and Osun states at the 2025 Dare Adeboye Annual Scholarship Scheme Award Ceremony.

 

“The ceremony brought together beneficiaries, parents, educators, and key stakeholders to celebrate academic excellence and the foundation’s vision of supporting the next generation.

 

“Through this initiative, we are not just awarding scholarships; we are investing in the future of Nigeria,” he said.

 

The pastor emphasised the importance of education as a transformative tool in society and was key to unlocking potential and creating future leaders.

 

He said that the foundation remained dedicated to fostering education for students from underprivileged backgrounds.

 

“More than 1,827 persons applied for the scholarship in the two states and the 300 beneficiaries were picked based on their outstanding academic performance.

 

“The beneficiaries were students in the senior secondary school, who received financial support.

 

“This is to ease the burden of paying for their West Africa Senior School Certificate Examination to further their education and encourage their academic pursuits,” he said.

 

Adeboye said that the scholarship was established in honour of the late Pastor Oluwadamilare Adeboye, the son of Pastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church of God.

 

“The scholarship recipients include students from African Church Grammar School, Abeokuta Grammar School, Remo Secondary School, Iganmode Grammar School, Asero High School and Comprehensive High School, Baptist Girls College.

 

“Others include Community High School and Magboro, Akinorun Grammar School, Ikirun, Anglican High School, Ansarul-Islam Grammar School, Ifon-Osun Edunabon, Apostolic Grammar School, Ilesa and Aromolaran Grammar School, Ilesa.(NAN)(www.nannews.ng)

Edited by Esenvosa Izah/Kayode Olaitan

Seplat’s production, reserves double post Mobil acquisition – Chairman

Seplat’s production, reserves double post Mobil acquisition – Chairman

244 total views today

 

 

 

 

 

 

 

By Taiye Olayemi

 

 

 

Seplat Energy Plc says its acquisition of Mobil Producing Nigeria Unlimited (MPNU) in 2024 has doubled the company’s oil and gas production and also expanded its reserves.

 

Its Chairman, Mr Udoma Udo Udoma, during the company’s 12th Annual General Meeting (AGM) in Lagos on Wednesday, said this marked a significant milestone in the company’s growth and expansion in the oil and gas sector.

 

Udoma reaffirmed the company’s commitment to further invest in production growth to ultimately benefit stakeholders.

 

He said, “The acquired assets have a world-class history as some of Nigeria’s most important oil fields, and as the new operator of these assets, we intend to invest to increase production for the benefit of all our stakeholders.

 

“The performance of the business met and even surpassed the board’s expectations.

 

“We delivered a year of strong production, with revenues over one billion dollars, at $1.116 billion. This was achieved through safe and reliable operations, with 11 million man-hours without any lost-time injury (LTI).

 

“It was also a transformational year for the development of our business due to the completion of the acquisition of MPNU. This acquisition more than doubled our production and increased our reserves.”

 

The chairman explained that merging the acquired business, which is now called Seplat Energy Producing Nigeria Unlimited (SEPNU), with Seplat Energy had created a Nigerian energy powerhouse.

 

He said the acquisition of the entire share capital of MPNU significantly advanced Seplat Energy’s ambition of being Nigeria’s leading independent energy company.

 

“I am especially pleased to report that the closing cash consideration of $800 million at completion was funded entirely from cash, new and available debt facilities, with no dilution of shareholdings.

 

“This speaks volumes to the strength of our business.

 

“Merging SEPNU with Seplat Energy has created a Nigerian energy powerhouse with pro-forma production of 118 thousand barrels of oil equivalent per day and pro-forma combined reserves of 886 million barrels of oil equivalent.

 

“This is an 85 per cent increase in reserves,” he said.

 

Going forward, Udoma said that the company plans to invest in both its onshore and SEPNU businesses to increase production in both divisions.

 

According to him, the company will also invest in maintenance and integrity activities to ensure the infrastructure will continue to support production well into the future.

 

“Our gas division will grow rapidly with the enormous gas resources offshore, as well as the already established gas business onshore,” he added.

 

Speaking on the long-term sustainability of the business, Udoma said Seplat Energy would continue to focus on three key areas that are driving social development.

 

He said the focus would be on environmental care, reporting, and maximising returns for all stakeholders.

 

Also speaking, Mr Roger Brown, Chief Executive Officer of Seplat Energy, expressed excitement over the company’s performance in 2024.

 

He said that Seplat Energy, having transformed from a 100 per cent onshore operator, now has about 70 per cent of its production offshore and exported through three terminals operated by Seplat.

 

“The increased reserves and production that the SEPNU assets add to Seplat Energy’s operations are significant.

 

“This is making us consolidate our position as the leader, and this is a significant responsibility of stewardship of Nigeria’s natural resources, which we do not take lightly.

 

“Along with the oil and gas producing assets, we have gained operating control of dedicated shallow water infrastructure and three export terminals.

 

“These are namely: Qua Iboe Terminal, Bonny River Terminal, and the Yoho Floating Storage and Offloading (FSO) facility, as well as Natural Gas Liquids (NGL) plants at East Area Project (EAP) and Oso.

 

“The improved security and higher volumes passing through Qua Iboe and Yoho will improve revenue assurance and diversify our export infrastructure in the Niger Delta,” he said.

 

Brown maintained that with the addition of about a thousand skilled staff, Seplat Energy would strive to excel in production operations, boost production, and create value for stakeholders.

 

He said that the company had embarked on a new integration project after successfully bringing together Seplat and SEPNU.

 

He added that the goal was to enhance capabilities, drive growth, and leverage combined strengths, all under the oversight of the newly established Integration Management Office (IMO).  (N

Edited by Olawunmi Ashafa

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