General
ICAN, BOI Partner to Drive Stakeholders Inclusion in Tech
By Adedapo Adesanya
The Institute of Chartered Accountants of Nigeria (ICAN) and the Bank of Industry (BOI) have strategically inaugurated an ICAN-BOI Tech Hub that will promote job creation, entrepreneurship and skill development in the technology space.
This was the central point of the tech hub inaugurated on Tuesday at the ICAN annexe office in Lagos which will ensure that members of the institute and the public can access the necessary skills and competencies required to become job creators and productive contributors in today’s tech-savvy world.
According to the Managing Director of BOI, Mr Olukayode Pitan, the project was necessary, given the increasing importance of technology to development and youth empowerment.
Mr Pitan said the dominant role of technology in many professions, including accountancy, had transformed the way businesses operated, resulting in improved efficiency, cost-saving, and simplified processes.
“The tech hub shall encourage development and testing of new ideas, products and business models as well as create an environment to prepare for start-ups and existing businesses for sustainability.
“It also aims at boosting business mentorship, market linkages and accelerated programmes to enable young entrepreneurs to scale up.
“Technology, innovation and entrepreneurship are key factors shaping global trends and there is a need to continually scale up on them for our national economic growth and development,” he said.
The BOI boss noted that young people were embracing an entrepreneurship mindset and technological skills, which had resulted in the provision of innovative solutions servicing millions of people in diverse sectors.
According to him, the Information and Communication Technology (ICT) sector contributed 14.7 per cent to the gross domestic product in 2020 and increased to 15.21 per cent in 2021.
“We can see a perfect example of the value of tech hubs when we consider Silicon Valley, which is one of the earliest tech hubs in the world.
“It houses the headquarters of many of the world’s largest high tech operations as well as thousands of promising start-ups and we have started on that journey here in Nigeria.
“Nigerian Fintechs are fast gaining recognition globally. In 2021, Nigerian FinTech start-ups raised about $1.37 billion out of a total of $4 billion raised by African start-ups despite the COVID-19 pandemic.
“In Nigeria, we can boast of having technologically-driven products and services such as Flutterwave, Opay, Andela, Interswitch and Jumia.
“This shows the growing significance of ICT in driving the economy,” he added.
Mr Pitan also added that the BOI, through its corporate social responsibility programmes, would proactively continue to support the establishment of tech hubs across the country.
He said the ICAN-BOI tech hub collaboration brought the total tech hubs established by BOI to 10 in six states across the country.
“Structurally, the ICAN-BOI tech hub boasts of over 250 co-work desks, meeting rooms, private offices, a relaxation centre and a hybrid area for organising competitions and hackathons.
“In collaboration with ICAN, we have made provisions for all divider networks, IT equipment, power supply and all required to enable the hub function at optimal capacity.
“The bank is committed to making all its financing products and services available to bankable projects that emanate from users of the tech hub.
“We are confident that this hub will help users to innovate, incubate, collaborate and scale up as they become employers of labour and contributors to the economy of the nation,” he said.
The 57th ICAN President, Mrs Comfort Eyitayo, adding her input said the hub was positioned to empower users through different stages from idea generation to actualisation of products or services.
Mr Eyitayo expressed gratitude to the management of BOI for partnering with the institute to ensure members and youths were equipped with the necessary skills for economic growth and development.
On his part, the ICAN Registrar, Professor Ahmed Kumshe, commended Eyitayo, who through the ICAN Entrepreneurship Development Centre initiative brought about the partnership with BOI that resulted in the establishment of the tech hub.
He urged the institute to enlighten members and students to maximise the benefits of the hub since technology had taken over every aspect of life, especially in finance.
General
Middle East Crisis: AfDB, Others Task Africa on Long‑term Structural Reforms
By Dipo Olowookere
The need for Africa to protect itself from many external shocks not of its making has again been emphasised by the African Development Bank (AfDB), the African Union Commission (AUC), the United Nations Development Programme (UNDP), and the UN Economic Commission for Africa (UNECA).
On the margins of the 58th session of the Economic Commission for Africa in Tangier, Morocco, the continent was tasked to strengthen regional integration, accelerate African-led financial solutions, and invest decisively in energy, food, and trade resilience so as to move from vulnerability to preparedness.
The meeting focused on the spikes in energy, food and fertiliser prices caused by the ongoing conflict in the Middle East.
The United States and Israel launched airstrikes on Iran in February 2026, and since then, global oil prices have surged by more than 50 per cent as of late March. Twenty-nine currencies in Africa have weakened, raising the cost of servicing external debt and importing food, fuel, and fertiliser.
Disruptions linked to Gulf energy supplies limit access to ammonia and urea during the critical March–May planting season. This will affect agricultural production, compounding risks of crisis and emergency levels of food insecurity, especially for low‑income households and import‑dependent economies.
To address these issues, the quartet has asked African leaders to, in the short-term, stabilise fuel, food, and fertiliser supply, and execute medium‑term reforms to strengthen energy security, targeted social protection, and regional trade under the African Continental Free Trade Area (AfCFTA).
They also tasked leaders to come up with long‑term structural reforms towards stronger domestic resource mobilisation and African financial safety nets, including accelerated implementation of the African Financing Stability Mechanism.
“Continued escalation of the conflict worsens global instability, with serious implications for energy markets, food security, and economic resilience, particularly in Africa, where economic pressures remain acute,” the chairperson of AUC, Mr Mahmoud Ali Youssouf, said.
Also commenting, the UN Under-Secretary-General and Executive Secretary of UNECA, Mr Claver Gatete, said, “Africa has been hit by too many external shocks not of its making. Crises like this reinforce why Africa must finance more of its own future and strengthen regional solutions that build resilience before the next shock hits.”
On her part, the UN Assistant Secretary‑General and Director of UNDP’s Regional Bureau for Africa, Ms Ahunna Eziakonwa, submitted that, “With the right mix of policy choices, financing tools, and political resolve, Africa can weather this shock and emerge more resilient, more self-reliant, and better positioned to shape its own economic future.”
“As global crises multiply, Africa’s response must evolve from managing shocks to fostering resilience. African institutions and development partners need to act swiftly and in concert, leveraging their comparative advantages to cushion short-term shocks while laying the foundations for long-term resilience,” the president of AfDB, Mr Sidi Ould Tah, stated.
General
Oyetola Sets Accountability Bar for Maritime Agencies
By Adedapo Adesanya
The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, has issued a strong warning to heads of agencies under the ministry, demanding strict accountability and measurable results.
Mr Oyetola issued the warning during the signing of performance bonds with heads of maritime agencies at the Ministerial Management Retreat, held alongside the 2026 first-quarter stakeholders’ engagement in Lagos on Thursday, where he emphasised the need for performance-driven governance.
“Let me emphasise that all Departments and Agencies under the Ministry must remain firmly focused on delivering tangible results,” he said.
In a statement by Mr Bolaji Akinola, Special Adviser to the Minister, Mr Oyetola noted that performance bonds to be signed during the retreat are binding commitments that will be closely monitored and rigorously evaluated.
“These are not ceremonial documents. They are binding commitments. Accountability will not be optional,” the Minister declared.
Mr Oyetola reiterated the need for data-driven decision-making, robust monitoring and evaluation frameworks, and alignment with the Ministry’s strategic objectives.
“At the institutional level, we must remain disciplined and accountable. Every department and agency must deliver measurable outcomes,” he added.
He explained that the retreat was designed to foster alignment between policy formulation, implementation, and stakeholder expectations.
“The integration of this engagement enables us to listen, reflect, and recalibrate,” he said.
The agencies include the Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Shippers’ Council (NSC), National Inland Waterways Authority (NIWA), Maritime Academy of Nigeria, and the Council for the Regulation of Freight Forwarding in Nigeria.
He also announced a 160 per cent increase in revenue generated by agencies under the ministry, attributing the growth to sweeping reforms and a renewed focus on accountability.
“In 2023, our agencies generated N700.79 billion. By the end of 2025, this figure had risen to approximately N1.83 trillion. This remarkable achievement is the result of deliberate and sustained reforms,” he stated.
The Minister explained that the gains were driven by strengthened regulatory oversight, improved revenue assurance mechanisms, digitalisation of key processes, and a firm commitment to blocking leakages.
“This gathering reflects our commitment to a governance approach that is inclusive, transparent, and results-driven,” he added, noting that the convergence of stakeholders, policymakers, and institutional leaders was designed to align policy with implementation and public expectations.
Mr Oyetola linked the ministry’s improved performance to broader sectoral reforms, including port modernisation, approval for disbursement of the Cabotage Vessel Financing Fund (CVFF), and ongoing efforts to enhance indigenous participation in maritime activities.
General
Presidency Explains Reason Tinubu Met Jos Attack Victims at Airport
By Modupe Gbadeyanka
The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, has explained why Mr Bola Tinubu addressed the victims of the Plateau attacks at the airport on Thursday evening.
The decision of President Tinubu to console victims of the attacks, which left over 20 persons dead, at the Yakubu Gowon Airport in Jos last night has continued to generate reactions.
He was criticised for not visiting the victims at the epicentre, Angwan Rukuba, instead of having them to travel to meet with him at the airport.
In a statement on Friday, Mr Onanuga said his principal’s itinerary for yesterday included two main engagements: receiving the Chadian President, Mahamat Idriss Déby Itno, and proceeding to Iperu, Ogun State.
“After Governor Caleb Mutfwang’s briefing, President Tinubu suspended the trip to Ogun. Overnight, the Presidential Villa made arrangements for the visit to Jos, with presidential assets quickly deployed. However, the President could not postpone the scheduled visit by the Chadian leader.
“The President of Chad was at the Presidential Villa for a very important bilateral meeting focused on strengthening security collaboration between the two countries. The meeting ran longer than expected, affecting President Tinubu’s scheduled departure for Jos.
“Upon arrival in Jos, the visit encountered some logistical challenges. While the road distance from the airport to Jos township is approximately 40 minutes, the runway does not support night flights due to the absence of navigational aids. The constraints made it unfeasible to drive into town, meet victims for on-the-spot assessment and return to the airport before dusk.
“Consequently, state and federal officials decided to bring representatives of the affected community to a hall adjoining the airport so the President could meet with them promptly while adhering to flight restrictions. Among the people in the hall were the Minister of Defence, the Chief of Army Staff and the Inspector General of Police, who had visited Rukuba, the epicentre of the conflict. President Tinubu deployed the high-level team to Rukuba, including the Senior Special Assistant on Community Engagement, to undertake critical groundwork on security and community engagement, with a view to stabilising the area before his arrival.
“Beyond expressing his condolences to the victims, President Tinubu’s objective was to engage with critical stakeholders in Plateau State on ending the recurring, decades-old conflict that has resulted in needless loss of lives and property.
“President Tinubu’s visit to Jos was not merely symbolic. It was a strategic, high-level engagement aimed at bringing all stakeholders together to address the root causes of conflict and insecurity in the state.
“He interacted with the victims, consoled them, and listened to them. He also listened to local leaders and assured them that the federal government would deliver justice and end the cycle of violence. He promised the deployment of 5000 AI-enabled cameras to monitor the city and enhance the identification and arrest of troublemakers.
“Furthermore, the President invited the community leaders to Abuja for further talks on finding a lasting solution to the recurring violence in the state.
“The meeting, televised live, was solemn and reassuring, boosting residents’ confidence. President Tinubu achieved the purpose of his visit, despite the naysayers’ attempts to ridicule it. He dropped an unmistakable message: sustainable peace must be built with the people, not imposed on them,” the presidency explained.
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