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Omokungbe Wants Implementation of Initiatives on Women’s Entrepreneurship

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By Aduragbemi Omiyale

A former Rector of Yaba College of Technology (YabaTech), Lagos, Mr Obafemi Omokungbe, has called for the implementation of programmes and initiatives designed to promote women’s entrepreneurship in Africa.

Speaking at the just-concluded 10th anniversary of the African Women Foundation for Nation Building (WINBAFRICA) in Lagos, Mr Omokungbe, a fellow of the Nigerian Society of Engineers (NSE), also appealed to African countries to renew their commitment to women’s empowerment, saying it is a crucial step towards nation-building.

According to him, the journey toward women’s empowerment in Africa involves a comprehensive approach that spans various sectors, including education, healthcare, economy, and politics.

The scholar believes by investing in women’s empowerment, African countries can cultivate a more equitable society where women can achieve their full potential and contribute to the growth and development of their nations.

“These renewed commitments would require collaboration and partnership among governments, civil society, the private sector and international organizations.

“They include the implementation of programmes and initiatives to promote women’s entrepreneurship, access to credit, land ownership, and participation in the formal economy including targeted support for women in agriculture and small businesses.

“Commitment to increasing women’s representation in political leadership and decision-making positions through measures such as quotas, training programmes, and support for women’s political participation at all levels of government and comprehensive strategies to prevent and address gender-based violence including legal reforms, support services for survivors and campaigns to change social norms and attitudes that perpetuate violence against women,” Mr Omokungbe stated at the event themed Bridging the Gap: Celebrating a decade of Nation Building.

Also speaking, the President of WINBAFRICA, Mrs Bukola Bello-Jaiyesimi, said this year’s theme was designed to celebrate the legacy and advancement of women’s course.

“Nation-building is an ongoing effort carried out by women of every generation. As we reflect on our accomplishments over the past decade, we remain committed to empowering future generations in all sectors of the economy.

“We provide tuition, teaching equipment, and other resources to young girls and boys to show them that we care about their education and that they are the ones who will continue this effort. Our ultimate goal is to promote unity and peace and to inspire hope for a better future,” she submitted.

A school debate competition between Steady Steps School in Lekki and Bomak International Schools in Surulere, Lagos highlighted the commemorative event. The two schools had made it to the final stage of the competition.

Victoria Osademe of Bomak International Schools, Surulere, Lagos emerged as the best speaker of the day while Steady Steps School, Lekki won the WINBAFRICA Young Nation Builders’ Trophy (WYNBT).

During the WINBAFRICA Business Roundtable, senior secondary students of Bomak International College in Surulere, Lagos discussed Environmental Responsibility. Additionally, 20 young girls and boys were beneficiaries of the WINBAFRICA scholarship program at the event.

Other dignitaries that graced the occasion included Dr Kemi Akiyode Adebayo (BOT, WINBAFRICA), Toyin Joe Bassey (Secretary General, WINBAFRICA), and Dr Oluseun Popoola (Panelist Chairperson), among others.

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Chimamanda Ngozi Adichie Loses One of Twin Sons After Brief Illness

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By Adedapo Adesanya

Nigerian author, Ms Chimamanda Ngozi Adichie, and her husband, Dr Ivara Esege, have lost one of their twin sons, Nkanu Nnamdi.

According to a statement issued on Thursday by Ms Omawumi Ogbe, on behalf of the family, the 21-month-old baby passed away on Wednesday, January 7, 2026, after a brief illness.

The statement said the family is devastated by the loss, and requested that their privacy be respected during this difficult time.

“We’re deeply saddened to confirm the passing of one of Ms Chimamanda Ngozi Adichie and Dr Ivara Esege’s twin boys, Nkanu Nnamdi, who passed on Wednesday, 7th of January 2026, after a brief illness. He was 21 months old.

“The family is devastated by this profound loss, and we request that their privacy be respected during this incredibly difficult time.

“We ask for your grace and prayers as they mourn in private.

“No further statements will be made, and we thank the public and the media for respecting their need for seclusion during this period of immense grief,” the statement read.

Ms Adichie is known for works including Half of a Yellow Sun, Americanah and her 2012 Ted Talk and essay We Should All Be Feminists, which was sampled by Beyoncé on her 2013 song Flawless.

The 48 year old writer had her first child, a daughter, in 2016. In 2024, her twin boys were born using a surrogate.

In 2020, her 2006 novel Half of a Yellow Sun was voted the best book to have won the Women’s Prize for Fiction in its 25-year history.

Her latest book, Dream Count, was published in 2025.

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Peter Obi Questions Tinubu’s Approval of NNPC Debt Cancellation

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By Adedapo Adesanya

The presidential candidate of Labour Party in the 2023 general elections, Mr Peter Obi, has queried the decision of President Bola Tinubu to write-off about N8 trillion in debts owed by the Nigerian National Petroleum Company (NNPC) Limited despite unresolved audit queries running into trillions of Naira.

Mr Obi, in a statement titled Era of Financial Recklessness, described the reported debt forgiveness as alarming, especially at a time Nigerians are grappling with rising energy costs, inflation and heavier tax burdens.

“Just last week, it was alarmingly reported that the President approved the write-off of N5.57 trillion and $1.42 billion, approximately N8 trillion, in debts owed by NNPC, a company that recently announced profits and claimed it had turned a new leaf,” Mr Obi said in the statement on X, formerly Twitter.

He noted that the development comes amid ongoing audit investigations into NNPC over an alleged failure to account for N210 trillion, a figure he said exceeds Nigeria’s combined federal budgets between 2023 and 2026.

“For context, the total federal government budgets from 2023 to 2026 amount to about N178.56 trillion. Nigerians are still waiting for the outcome of the National Assembly investigation into the missing trillions,” Mr Obi stated.

The former Anambra State governor questioned the rationale behind the debt write-off, pointing out that NNPC is also under scrutiny over trillions of naira spent on non-functional refineries.

“This is the same agency facing serious audit inquiries and yet the President, who also serves as the Minister in charge, has approved the write-off of about N8 trillion in NNPC debts,” he said.

Mr Obi argued that the debt forgiveness effectively shifts the revenue burden to ordinary Nigerians, who are already reeling from the removal of fuel and electricity subsidies.

“Nigerians, already enduring severe hardships, are now confronted with this unexplained debt forgiveness. The nearly N8 trillion write-off will effectively replace revenue that the government is now seeking through unfair taxation,” he said.

Mr Obi stressed that the amount written off could have significantly strengthened key sectors of the economy.

“This almost N8 trillion exceeds the combined 2025 federal budget allocations for education, health and agriculture, which total N7.1 trillion,” he noted, adding that it is also “nearly twice the 2025 federal security budget of N4.9 trillion.”

He maintained that such resources could have been deployed to stimulate productivity, create jobs and reduce poverty, particularly in an economy struggling with unemployment and weak growth.

“The President owes Nigerians clear answers. Citizens deserve honesty, fiscal discipline and governance that protects their interests, not the interests of mismanaged corporations or political elites,” Mr Obi said.

He called for transparency around the reported write-off, warning that unchecked fiscal decisions in the energy sector could further undermine public trust and economic stability.

“This betrayal of the people must be stopped,” Mr Obi concluded.

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Togo, Niger, Benin Owe Nigeria $17.76m for Electricity

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By Adedapo Adesanya

Three international customers owe Nigeria $17.8 million for electricity supplied under bilateral arrangements, according to the Nigerian Electricity Regulatory Commission (NERC).

The electricity regulator in its Third Quarter 2025 report, noted that Togo, Niger, and Benin Republic were invoiced a total of $18.69 million by the Market Operator for electricity supplied during the period, but only remitted only $7.125 million, leaving an outstanding balance of $11.56 million.

The regulator identified the international offtakers as Compagnie Énergie Électrique du Togo, Société Béninoise d’Énergie Électrique of the Republic of Benin, and Société Nigérienne d’Électricité of the Republic of Niger.

Electricity supplied to the three countries was generated by grid-connected Nigerian generation companies (GenCos) and delivered through bilateral cross-border power arrangements.

According to the report, the three international customers had legacy invoices of $14.7 million, out of which they paid $7.84 million, leaving a balance of $6.2 million.

The debt incurred from the previous quarters and that of Q3 2025 amounted to $17.76 million.

NERC’s report stated that the remittance level represented a 38.09 per cent remittance performance, with more than half of the invoices remaining unpaid at the end of the quarter.

“The three international bilateral customers being supplied by GenCos in the NESI made a payment of $7.12 million against the cumulative invoice of $18.69 million issued by the MO for services rendered in 2025/Q3, translating to a remittance performance of 38.09 per cent.”

The commission explained that some bilateral customers paid for power purchased in the quarters before the one being reviewed.

“It is noteworthy that some bilateral customers also made payments for outstanding MO invoices from previous quarters, as follows: the MO received $7.84 million from the international bilateral customers and N1.3 billion from the domestic bilateral customers,” the report added.

In contrast, NERC said domestic bilateral customers performed better, remitting N3.19 billion out of the N3.64 billion invoiced to them during the quarter, representing a remittance rate of 87.61 per cent.

“The domestic bilateral customers made a cumulative payment of N3.19 billion against the invoice of N3.64 billion issued to them by the MO for services rendered in 2025/Q3, translating to 87.61 per cent remittance performance,” it added.

The commission further disclosed that Nigeria’s 11 electricity distribution companies remitted a combined N381.29 billion to the Nigerian Bulk Electricity Trading (NBET) Plc and the Market Operator in Q3 2025, out of a total invoice of N400.48 billion, translating to a remittance performance of 95.21 per cent.

As part of its statutory assessment of the commercial performance of the electricity market, the regulator noted that the figures were based on reconciled market settlements submitted to the commission as of December 18, 2025.

Nigeria supplies electricity to neighboring, however, faces significant challenges with unpaid bills data showing millions unpaid in arrears from these customers, despite NERC capping exports to prioritise domestic needs due to generation shortfalls and payment indiscipline.

These exports utilise Nigeria’s surplus power but highlight issues with consistent payment and balancing regional obligations with local demand, leading to reduced export levels.

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