Osun’s Green Transition Wins Adeleke Top Leadership Award

Osun State’s push into renewable energy, sustainable transport, recycling and climate-focused development has earned Governor Ademola Adeleke a Green Leadership Award at the 1st International and 3rd National Women Green Summit and Exhibition 2026 (WIGSE-26) in Lagos.

The honour, presented by the Women in Renewable Energy Association (WIRE-A), recognises the state’s efforts to advance climate action, environmental sustainability and a green economy.

At the centre of Osun’s strategy are four major policy frameworks: the Osun State Climate Action Plan, Renewable Energy Policy, Circular Economy Action Plan and Climate-Smart Investment Portfolio.

The state has backed these policies with practical interventions, including the operationalisation of a recycling hub, recycling and waste-to-wealth programmes, ecosystem restoration projects and initiatives to promote cleaner transportation.

Its renewable-energy drive also includes the IMOLE solar lantern initiative, designed to improve access to clean and reliable lighting for students, while electric-motorbike initiatives form part of the state’s sustainable transportation agenda.

Adeleke was represented at WIGSE-26 by the Director-General and Special Envoy on Climate Change and Renewable Energy, Professor Chinwe Obuaku-Igwe, who received the award and delivered the Governor’s goodwill message.

She said Osun’s approach connects environmental responsibility with economic opportunity, arguing that climate policies should produce tangible benefits for citizens.

“Climate action must translate into opportunities for our people. It must create jobs, strengthen livelihoods, expand energy access, encourage innovation and build a more resilient economy,” she said.

Obuaku-Igwe also highlighted the importance of women and young people in Africa’s transition to a green economy. She identified access to finance, technology, skills, markets and supportive public policies as essential to helping women-led green enterprises grow.

The state welcomed the summit’s emphasis on policy reform and capital mobilisation for women’s participation in the sector, noting that the agenda aligns with Osun’s efforts to attract green investment and expand renewable energy and circular economy initiatives.

Obuaku-Igwe reaffirmed the government’s readiness to work with investors, development institutions, private-sector organisations, researchers and other stakeholders to scale climate-smart projects and create additional opportunities for women and young people.

She commended WIRE-A for bringing together entrepreneurs, investors, policymakers and other stakeholders to advance discussions around Africa’s green economy.

“Women are not merely beneficiaries but critical drivers of Africa’s green transition,” she said.

The award provides fresh recognition for Osun’s effort to make sustainability part of its wider development agenda, linking cleaner energy and environmental protection with employment, innovation, investment and improved livelihoods.

University of Ibadan Rises as Nigeria’s Top-Ranked University in July 2026 Global Ranking

The University of Ibadan has taken the lead among Nigerian universities in the latest Webometrics Ranking of World Universities, placing the institution ahead of the University of Lagos and the University of Nigeria, Nsukka.

The July 2026 edition ranks UI 1,291st in the world, making it Nigeria’s highest-ranked university out of 32,148 universities and higher education institutions assessed globally.

The result puts one of Nigeria’s oldest universities at the front of the country’s higher-education landscape, with its performance measured against institutions across the world.

The University of Lagos secured second place nationally, ranking 1,355th globally, while the University of Nigeria, Nsukka came third among Nigerian institutions and 1,397th worldwide.

Covenant University, Ota, maintained a strong position in the national ranking, coming fourth in Nigeria and 1,522nd globally. Landmark University followed at 1,659th, while the University of Ilorin occupied the sixth position nationally with a global ranking of 1,883rd.

Nigeria’s top 10 also included Obafemi Awolowo University, Ahmadu Bello University, the University of Port Harcourt and the Federal University of Technology, Akure.

The Webometrics ranking, published twice each year, looks beyond conventional academic measures. Its assessment considers indicators connected to an institution’s online visibility, openness and research excellence, including the accessibility of academic resources, digital presence and the reach and influence of research.

For Nigerian universities, the latest standings offer another indication of the growing importance of digital visibility and the global accessibility of research and academic resources.

At the international level, Harvard University retained the number-one position. Stanford University came second, followed by the Massachusetts Institute of Technology (MIT), the University of Oxford and the University of Washington.

While UI’s 1,291st global position leaves Nigeria’s leading institution outside the global top 1,000, its rise to the top of the national table represents a notable showing for Nigerian higher education on an assessment covering more than 32,000 institutions worldwide.

The July 2026 ranking therefore places the University of Ibadan at the head of Nigeria’s university system, with UNILAG and UNN completing the country’s top three.

United Nigeria Airlines Pledges N20m to Chinua Achebe Prize for Fiction

United Nigeria Airlines has pledged N20 million to the Chinua Achebe Prize for Fiction, committing N2 million each year to the Association of Nigerian Authors for the next 10 years.

The commitment was announced on Tuesday by the airline's Executive Chairman, Prof Obiora Okonkwo, after discussions with ANA President, Dr Usman Akanbi.

The prize, established in 2021 by the Anambra State Government in partnership with the Association of Nigerian Authors, bears the name of a writer whose work changed the place of African literature in the world.

For Okonkwo, that alone makes its preservation worth the commitment.

“Prof Achebe is too precious in our consciousness for the award to continue to suffer the current epileptic funding,” he said.

He said Achebe's influence extended well beyond his novels and essays, pointing to his lectures, speeches, intellectual activism, ethical conduct and interventions in public affairs.

“Very few men and women of letters and culture in recent history have brought as much attention and honour to the black race and the African world as the great Achebe through his writings, lectures, speeches, intellectual activism, ethical conduct, and intermittent interventions in political affairs which has made him an authentic conscience of the Nigerian people,” Okonkwo said.

Akanbi described the airline's intervention as patriotic and said it would help protect an important part of Nigeria's literary heritage.

“We are immensely grateful to Prof. Okonkwo and his airline for their patriotic intervention,” he said.

Achebe's place in the history of ANA is equally significant. He founded the Association of Nigerian Authors in 1981 at the University of Nigeria, Nsukka, and became its first president.

Akanbi recalled that the late writer was not only a world-class raconteur and essayist but also the person who gave the association its early institutional foundation.

“Prof was not just a world-class raconteur and essayist, but also the ANA founder who started our association in 1981 at the University of Nigeria at Nsukka and accepted to serve as its first president, thus giving it the credibility and platform that has made the association highly respected beyond Nigeria's shores,” he said.

The sponsorship is not UNA's first gesture in honour of Achebe. In June, the airline named one of its newly acquired Boeing 737-800NG aircraft after the literary icon. The other aircraft was named after the Obi of Onitsha, Nnaemeka Achebe.

The new 10-year commitment brings the airline's support for the Chinua Achebe Prize for Fiction into a long-term arrangement, ensuring that the award can continue to recognise writers under the name of a Nigerian whose work remains a defining part of African literature.

Nigerian Technologist Joins 30 Global Rising Stars Shaping the Future of Learning

A career that has taken him from visual art and science to classroom teaching, digital learning and artificial intelligence has earned Nigerian learning technologist and independent learning consultant Mustapha Salaudeen a place among 30 young professionals recognised globally for advancing the future of learning.

Salaudeen is the only Nigerian and African selected for The Learning Guild’s 2026 Thirty Under 30 programme, which highlights emerging professionals making significant contributions to learning and development.

His recognition comes as artificial intelligence and digital technologies reshape how organisations train employees, how educators deliver knowledge and how people acquire new skills.

Salaudeen's professional journey began in visual art and design before he trained as a scientist and later worked as a classroom teacher. He eventually moved into learning experience design, developing multimedia-based learning solutions that combine technology, behavioural science and design.

His experience includes working with multinational organisation Sky on workplace learning initiatives, as well as contributing to projects involving Google-powered learning campaigns.

Through Upskill Universe, he worked on the redesign of a Google-powered training campaign for policymakers in Sub-Saharan Africa. The wider programme has trained more than 18,000 small and medium-sized enterprises since its inception.

He has also pursued independent initiatives, including Listening Trivia, a personal project designed to improve learning engagement and assessment.

Artificial intelligence has become another important part of his work. At AI for Global Education, a UK-based non-profit organisation, Salaudeen leads the development of an AI literacy curriculum for higher education. The course series currently reaches 58 institutions across 14 countries.

His broad experience across design, science, education and technology has shaped an approach that connects the technical possibilities of AI and digital platforms with the way people learn and develop skills.

The Learning Guild created the Thirty Under 30 programme to recognise young professionals contributing to the learning and development industry. Salaudeen's selection places his work alongside that of emerging specialists from around the world at a time when the sector is undergoing rapid technological change.

For him, the honour carries a significance that goes beyond professional recognition.

“It is a validation I’d long waited for; validation that I can do it too, that certain positions are not barricaded against me, and that I can inspire the next person to keep at what they believe in,” he said.

He hopes the achievement will also encourage young Nigerians and Africans pursuing emerging careers to build their skills and consider opportunities outside conventional professional paths.

“To be recognised as one of only 30 people under the age of 30 making giant strides in learning design and technology is not just an achievement for me,” he said.

As organisations and educational institutions continue adapting to artificial intelligence, the ability to combine technology with effective learning strategies is becoming increasingly valuable. Salaudeen's work reflects that emerging demand, particularly through his efforts to advance AI literacy in higher education and technology-driven learning in the workplace.

The 2026 Thirty Under 30 programme will culminate at DevLearn in November in Las Vegas, where Salaudeen will join the other honourees to celebrate emerging professionals in learning and development.

His selection as the only Nigerian and African in the cohort offers a fresh international spotlight on Nigerian expertise in fields that are helping define the future of education, workforce development and technology.

From design and science to teaching, learning technology and AI, Salaudeen's journey demonstrates how diverse skills can converge into a career with global relevance.

Dangote Refinery Draws $1bn Institutional Backing Ahead of IPO

The planned Initial Public Offering of the Dangote Petroleum Refinery and Petrochemicals has received a $1bn underwriting programme, creating a substantial institutional funding base around one of Nigeria’s biggest industrial investments.

The arrangement consists of a $600m private placement that has been completed and funded, alongside a $400m underwriting commitment for the proposed IPO. Marob Strategies and Consulting DIFC Ltd and Lilium Capital Group structured the programme.

Pan-African Refinery Investment SPV, a subsidiary of Lilium Capital Group, underwrote and funded the $600m private placement and provided the additional $400m commitment.

The focus has now shifted to investor distribution. Marob Strategies and Lilium Capital are engaging sovereign wealth funds, governments, institutional investors and other eligible investors across Global Africa, including African and Caribbean institutions.

The advisers said the response has been strong, reflecting institutional interest in large-scale African assets with the capacity to generate long-term economic value.

By directing institutional funds towards a major Nigerian industrial asset, the programme is expected to stimulate intra-African capital flows and contribute to a more integrated African capital market under the African Continental Free Trade Area.

Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, said the transaction represented an important milestone for both the refinery and African capital markets.

“This is an important milestone for DPRP and for African capital markets,” Dangote said.

He said the completed placement and underwriting commitment demonstrate confidence in the refinery’s strategic role, while creating room for participation by African and Caribbean sovereign wealth funds, governments and institutional investors across Global Africa.

Professor Benedict Okey Oramah, Chairman of Marob Strategies, said the deal demonstrates the potential for African-led capital-market transactions to connect institutional investors with transformative assets on the continent.

He said Marob Strategies is pursuing disciplined distribution across Global Africa and engaging the investor groups targeted by the programme.

“The level of interest confirms the appetite for African-led capital markets transactions that provide investors with access to transformative assets on the continent,” Oramah said.

He added that the transaction could help open the way for more deals of a similar nature.

For Simon Tiemtoré, Chairman of Lilium Capital Group, the refinery transaction forms part of the firm’s effort to connect major African opportunities with institutional investors in Global Africa and international markets.

“This mandate reflects Lilium Capital’s commitment to connecting world-class African opportunities with institutional investors across Global Africa and international markets,” Tiemtoré said.

He said mobilising long-term funding for strategic projects such as the Dangote refinery supports industrialisation, strengthens capital markets and contributes to sustainable economic growth across Africa.

The $1bn programme therefore combines immediate financing already secured with additional backing for the refinery’s proposed market debut. As distribution continues, the transaction is set to bring a wider pool of institutional capital into a major Nigerian industrial project while testing the depth of investor demand for African-led assets.

Three Civil Servants Honoured for Transforming Public Service

Excellence within Nigeria’s public service has received fresh recognition as three civil servants whose work spans education, institutional reform and public-sector accountability have been honoured by the Aig-Imoukhuede Foundation.

The recognition was presented on Saturday at the State House Banquet Hall, Presidential Villa, Abuja, through the Emily Aig-Imoukhuede Memorial Endowment Fund, which was established to celebrate public servants whose dedication, professionalism and contributions are helping to improve the delivery of government services.

This year’s honourees include Abumoye Ayo Emmanuel, Anthony Okechukwu Ogwo and Ochoche Emmanuel Peter, with each recognised for a distinct contribution to strengthening public administration in Nigeria.

Emmanuel, a senior education officer at the Federal Ministry of Education, received the Presidential Civil Service Merit Award for his contribution to education reform, innovation and youth development. He was also presented with a cash award of N500,000.

Ogwo, an assistant chief education officer at the Federal Ministry of Education, was recognised with the Head of the Civil Service of the Federation EPIC Award. His recognition was linked to his role in advancing initiatives designed to improve efficiency, accountability and citizen-centred service delivery within the ministry.

The same award went to Peter, an assistant director at the Ministry of Regional Development, for his pioneering contribution to the development and implementation of Nigeria’s federal civil service reform frameworks. Ogwo and Peter each received N250,000.

Beyond the financial rewards, the recognition places attention on the often technical and sustained work required to make Nigeria’s public institutions more effective. From education reform and youth development to administrative restructuring and accountability, the achievements of the three officials demonstrate how individual contributions can influence the functioning of government.

The awards are part of the Aig-Imoukhuede Foundation’s effort to promote a culture in which professionalism and measurable contributions to public service are acknowledged and encouraged.

Chioma Njoku, director of programmes at the foundation, said the Emily Aig-Imoukhuede Memorial Endowment Fund reflects the organisation’s conviction that celebrating excellence can contribute to stronger public institutions.

“Public servants play a vital role in shaping the quality of governance and improving outcomes for citizens,” Njoku said.

She said the fund celebrates public servants whose commitment to excellence, integrity and service provides a standard for others while reinforcing the principles required to build an effective and citizen-centred public service.

The recognition of Emmanuel, Ogwo and Peter highlights the importance of capable professionals working within Nigeria’s public institutions and the role their expertise, initiative and commitment can play in advancing reforms that ultimately affect citizens.

By placing these contributions in the spotlight, the Aig-Imoukhuede Foundation is reinforcing a significant message: stronger public institutions are built not only through policies and reforms, but also through the people who consistently turn those reforms into results.

LASU’s Best Graduating Student Finishes With 4.97 CGPA in Aerospace Engineering

Adebanjo Samuel Oluolamide has emerged as Lagos State University’s overall best graduating student for the 2025/2026 academic session, capping his university education with a 4.97 Cumulative Grade Point Average (CGPA) and First-Class Honours in Aerospace Engineering.

Oluolamide’s result placed him at the top of the graduating class as LASU celebrated its 29th and 30th combined convocation on Monday at the Olatunji Bello Auditorium, Epe Campus.

His academic record is particularly notable given the demands of Aerospace Engineering, a discipline that combines advanced mathematics, science and engineering principles. Finishing with a 4.97 CGPA marks him out as the university’s leading graduate for the session and places his achievement among the academic highlights of the convocation.

The distinction also came with financial recognition as the Sunbeth Excellence Partnership Programme (SEPP) awarded Oluolamide N10 million in recognition of his outstanding academic performance.

The cash award was presented as part of SEPP’s commitment to recognising academic excellence and encourage innovation among LASU students through partnerships with corporate organisations.

However, the defining figure in Oluolamide’s story is not the N10 million prize but the 4.97 CGPA that earned him the university’s highest graduating honour after years of study in one of its technically demanding programmes.

His achievement offers a compelling reflection of the calibre of talent being developed within Nigeria’s higher education system. Aerospace Engineering is closely connected to areas such as aviation, advanced manufacturing, technology and other specialised fields, making strong academic preparation in the discipline particularly significant.

For Oluolamide, the distinction opens a new chapter providing a strong foundation for what comes next.

Nigeria Targets $750m Investment in National Cloud Infrastructure

Nigeria is setting its sights on a bigger role in Africa’s digital infrastructure market, with the Federal Government targeting $750 million in private investment for cloud and data infrastructure within 24 months.

The National Digital Cloud Policy, unveiled on Monday, August 17, 2026, by the Federal Ministry of Communications, Innovation and Digital Economy, is designed to increase local cloud and data-centre capacity, generate jobs, deepen indigenous digital expertise and strengthen Nigeria’s position as a base for digital services across the continent.

The investment programme has an initial target of $250 million in private capital during the first year, rising to $750 million by the end of the second year.

Dr Bosun Tijani, Minister of Communications, Innovation and Digital Economy, said Nigeria needed to move beyond its role as a major consumer of cloud infrastructure and develop into a competitive destination for infrastructure, investment, talent and digital services.

He said the framework would remain open to Nigerian and international providers, giving them room to invest, expand capacity, develop skills and serve customers in Nigeria and other African markets.

The policy also establishes a distinction between ordinary commercial information and data requiring national protection. Commercial data will not be subject to a blanket localisation requirement. Sovereignty provisions will apply to defined categories of government and regulated data where national control is considered necessary.

Government demand is expected to play an important role in making the market attractive to investors. Cloud requirements from multiple registered providers will be aggregated, while shared government cloud services will help reduce duplicated expenditure and improve purchasing terms.

A National Digital Marketplace will coordinate public procurement of cloud and digital infrastructure services. The framework also provides for dedicated cloud budget arrangements and an anchor-capacity mechanism intended to create dependable demand for private-sector investment.

Implementation responsibilities have been distributed among key government institutions. The National Information Technology Development Agency (NITDA) will handle regulatory oversight, standards and assurance. Galaxy Backbone (GBB) will lead operational delivery, shared infrastructure and aggregation, while the Bureau of Public Procurement (BPP) will ensure compliance with public procurement requirements.

The first six months of the 24-month roadmap will focus on activating the policy, conducting baseline assessments and establishing the necessary institutional arrangements.

From months six to 12, the government plans to operationalise the National Digital Marketplace, commence priority migration of Ministries, Departments and Agencies, and onboard registered providers.

The remaining 12 months will be devoted to scaling migration, increasing capacity, bringing participating states into the programme and pushing the export of digital services.

The regional market is a significant part of the plan. Through cross-border data flows, regional interconnection and alignment with international standards, Nigeria intends to enable cloud and data services hosted locally to reach customers across the Economic Community of West African States (ECOWAS) and the wider African market.

The cloud policy also connects with two major national initiatives. Project BRIDGE is expected to deploy at least 90,000 kilometres of additional fibre-optic infrastructure, while the 3 Million Technical Talent (3MTT) Programme is developing expertise in cloud computing, artificial intelligence, cybersecurity and software engineering.

With connectivity, skills and computing infrastructure being developed alongside a policy aimed at attracting capital, Nigeria is seeking to strengthen the foundations on which its digital economy can expand.

The immediate goal is $750 million in private investment. The larger opportunity is to build enough capacity for Nigerian businesses, public institutions and technology companies to rely more heavily on infrastructure within the country, while enabling locally hosted digital services to reach markets across Africa.

Meta, Federal Government Launch AI Academy for Nigerian Startups

Nigeria’s artificial intelligence ambitions are moving into a more practical phase, with a new initiative offering developers, entrepreneurs and young technology professionals a route from acquiring AI skills to building products, competing for funding and taking Nigerian solutions to international platforms.

At the centre of the new opportunity is AI Academy Nigeria, launched through a partnership involving Meta, the Federal Ministry of Communications, Innovation and Digital Economy (FMCIDE), the ministry’s 3 Million Technical Talent (3MTT) programme, the National Centre for Artificial Intelligence and Robotics (NCAIR), and Robotics and Artificial Intelligence Nigeria (RAIN).

The academy is designed as a national capacity-building initiative, combining practical AI training, technical learning and startup support for developers, startups, students and early-career professionals.

For Nigerian startups already building with artificial intelligence, one of the immediate opportunities is the AI Startup Pitchathon. Early-stage Nigerian companies using Meta’s AI technologies will have the chance to present solutions developed around real-world problems and compete for financial and technical support.

Applications close on August 21, 2026. Ten startups will subsequently be selected to pitch at GITEX Nigeria on September 3, putting their ideas before a wider technology and business audience.

The two startups that emerge as winners will each receive $5,000 in cash funding and $2,000 in Meta advertising credits.

Both winners will receive an all-expenses-paid opportunity to represent the country and pitch at the AI Summit by Meta in Istanbul, Türkiye, on November 23 and 24, 2026.

AI Academy Nigeria will also feature AI Skills Development and a six-week Developer Bootcamp, giving participants a pathway that extends from learning and technical development to building functional solutions.

Dr. Bosun Tijani, Minister of Communications, Innovation and Digital Economy, said the partnership is intended to equip developers, entrepreneurs and young professionals with practical AI capabilities while creating pathways for innovation and globally competitive startups.

He said the initiative reflects the government’s commitment to developing Nigeria’s AI ecosystem through public-private partnerships and strengthening the country’s place in Africa’s digital economy.

Meta’s Head of Public Policy, Anglophone West Africa, Sade Dada, said Nigeria already possesses significant AI talent but needs wider access to practical training, funding and platforms that can help founders and developers turn their capabilities into impactful solutions.

Dada said the academy would expand AI skills among Nigerians while creating opportunities for promising startups to move from the local market towards regional platforms.

For RAIN, whose Founder and CEO Dr. Olushola Ayoola described the collaboration as an example of coordinated action between government, technology companies and local innovation organisations, the partnership represents an opportunity to broaden Nigeria’s AI capabilities.

The initiative comes as evidence of Nigeria’s growing engagement with artificial intelligence continues to accumulate.

A Google report developed with Ipsos, Our Life with AI: Helpfulness in the Hands of More People, identified Nigeria as an emerging global leader in AI adoption, particularly across learning, work and entrepreneurship. The report highlighted the rapid embrace of AI tools by Nigerians and the optimism surrounding their use.

The shift is also being reflected among formal businesses. The World Bank’s World Development Report 2026: The Promise of Artificial Intelligence reported that AI adoption among Nigerian formal businesses has surged over the past three years, placing the country on par with the United States in business AI usage.

Nigeria and Kenya were identified in the report as two African countries that have experienced a sharp increase in AI adoption among businesses.

The growth of AI also brings questions about how the technology should be governed as its economic influence expands.

Debola Ibiyode, Founder and Chief Executive Officer of CarbonAI, has warned that Nigeria could weaken the economic potential of artificial intelligence without strong regulatory guardrails.

According to Ibiyode, AI offers enormous opportunities for economic growth, but sustaining those gains will depend on public trust, responsible regulation and what she described as “AI Diplomacy.”

She said Nigeria’s expanding adoption of AI could unlock new economic value if governments, businesses and technology providers work together to establish responsible governance frameworks.

Against that backdrop, for AI Academy Nigeria and with its combination of skills development, a developer bootcamp, startup competition, direct funding, advertising support and international exposure gives Nigerian innovators a pathway to move from learning about artificial intelligence to building with it.

For a country whose AI adoption is already accelerating, the bigger opportunity lies in converting that growing appetite into Nigerian-built technologies, stronger startups and solutions capable of competing beyond the domestic market.

Terra Industries Takes African Defence Technology Global With $52 Million Seed Round

A Nigerian-founded defence technology company is expanding its manufacturing footprint in Africa and establishing its first international office in London after securing an additional $18 million, bringing its seed funding to $52 million.

Terra Industries, founded in 2024 by Nathan Nwachuku and Maxwell Maduka, is using the latest capital to scale autonomous security technology designed to protect critical infrastructure across Africa and the wider Global South.

The funding round includes continued participation from 8VC, Silent Ventures, Nova Global, Belief Capital and SV Angel, alongside new investor Norleo Space Investments and angel investor Grant Gordon. Terra plans to direct the funds towards expanding production, accelerating deployments across the Global South and strengthening its engineering, operations and business development teams.

The London office will give Terra closer access to institutions that influence global defence and infrastructure markets, while also opening a pathway to international operations and artificial intelligence talent. The company, however, intends to keep manufacturing rooted in Africa as it expands into additional international markets, with plans reaching into the Gulf, South America and South Asia.

That African manufacturing base is set to grow substantially. Terra's Pax-2 facility in Ghana is scheduled to open in the fourth quarter of 2026, following the company's 15,000-square-foot Pax-1 flagship facility in Abuja, Nigeria.

At 34,000 square feet, Pax-2 is expected to become the largest drone factory on the African continent once fully operational. Terra projects that it will reach an annual production capacity of 50,000 units across the company's aerial systems portfolio by 2028.

The expansion comes as governments and infrastructure operators across Africa and the wider Global South confront persistent threats including infrastructure sabotage, illegal mining, organised crime and terrorism.

For decades, many of these security challenges have been addressed with imported systems. Terra argues that technology developed for different operating conditions can be expensive to maintain and may not adequately reflect local terrain and operational realities. Dependence on external suppliers can also create geopolitical and supply-chain exposure while limiting local control over software and data.

The company is therefore building its systems around a different proposition: security technology developed for the environments in which it will operate and manufactured, increasingly, within the regions it is designed to protect.

Terra's technology is already deployed around power plants, mines and other nationally critical assets valued at approximately $11 billion across multiple African countries.

Its portfolio spans long-range and mid-range autonomous drones, interceptor drones, sentry towers and unmanned ground vehicles, with the systems connected through ArtemisOS, Terra's proprietary software platform. ArtemisOS supports real-time threat detection, autonomous mission planning and coordinated responses across large and difficult environments.

The company's strategy reflects its view that security operations will increasingly move beyond troop-heavy and reactive approaches towards predictive and autonomous systems capable of responding across varied terrains.

Data sovereignty forms another important part of that approach. By controlling the systems and information used to monitor critical assets, governments and infrastructure operators can strengthen their ability to identify, deter and respond to threats without being as dependent on external technology providers.

Terra is applying this model across air, land and maritime environments, serving sectors that include energy, mineral resources, urban infrastructure, maritime assets, border security and counterterrorism operations.

Nwachuku, co-founder and chief executive officer of Terra Industries, said the company's expansion is rooted in building security capabilities around the realities of the regions they are intended to serve.

“Critical infrastructure across the Global South is best protected by systems designed for these environments and built in the regions they protect. This funding lets us scale that work and deepen our manufacturing base. It also puts us in the rooms where global defense decisions are made.”

Terra describes itself as a multi-domain systems and data intelligence company building a defence prime for Africa and the Global South. Its integrated air, land and maritime systems are powered by ArtemisOS, with the company seeking to give countries across the Global South greater technological capacity to secure critical assets and infrastructure.

The company's product portfolio includes ArtemisOS, Archer VTOL, Iroko UAV, Duma UGV and Kallon. Terra works with governments, infrastructure operators and strategic partners across Africa and internationally.

With $52 million now secured at seed stage, a 34,000-square-foot facility advancing in Ghana, an established manufacturing base in Abuja and a new London presence, Terra Industries is positioning an African-built defence technology business for a wider international role while keeping the continent at the centre of its production strategy.

Nigeria Targets Sugar Self-Sufficiency as N10 Billion Fund Supports $1 Billion Investment Pipeline

For a country that uses about 1.8 million tonnes of sugar every year, Nigeria’s dependence on imported supplies represents both a major economic outflow and a significant opportunity for domestic production.

The country currently spends roughly $1 billion annually importing sugar, but a new push by the National Sugar Development Council (NSDC) is seeking to redirect more of that value into Nigerian farms, processing facilities and rural economies.

Under the Nigeria Sugar Master Plan 2.0, the Council is working towards domestic production of approximately 2 million tonnes of sugar, enough to meet local demand while creating room for growth.

The strategy is being supported by two major financing initiatives: a N10 billion Sugar Project Acceleration Fund established with the Bank of Industry (BOI), and a $1 billion Engineering, Procurement, Construction and Finance (EPC+F) agreement with Chinese industrial giant SINOMACH.

NSDC Executive Secretary, Mr. Kamar Bakrin, outlined the strategy during a courtesy visit by the Abuja Chapter of the Chartered Institute of Directors (CIoD), stressing that the next phase of the sector’s development will depend heavily on turning existing policies and investment commitments into operating projects.

The N10 billion fund is intended to tackle one of the challenges that often prevents large agricultural projects from reaching investors: the preparation stage.

Through the facility, developers of greenfield sugar projects can receive technical, financial and advisory support for feasibility studies, project preparation and other pre-investment activities. The objective is to develop credible, investment-ready projects that can attract larger financing.

The facility is not a grant programme but operates as a structured, performance-driven initiative with defined eligibility requirements and deliverables.

This preparation is expected to create a pipeline of bankable sugar projects capable of accessing the $1 billion EPC+F arrangement with SINOMACH, giving the sector a potential pathway from project conception to large-scale development.

The NSDC is also engaging Afreximbank and the Nigeria Governors’ Forum to speed up the development of sugar estates across the country, widening the institutional and financial support available to the industry.

Nevertheless, increasing investment alone will not deliver the production target. The Council is also tightening the way companies participating in the Backward Integration Programme (BIP) are monitored.

Companies receiving sugar import quotas are expected to make verifiable investments in local production, and the NSDC plans to use satellite imagery alongside field inspections to independently track activities and production across project sites.

The approach is designed to strengthen accountability and ensure that incentives linked to import quotas translate into measurable expansion of Nigeria’s domestic sugar capacity.

Bakrin acknowledged that implementation has been one of the industry’s longstanding challenges.

“We do not lack policy. What we have struggled with is world-class execution,” he said.

The Council’s ambitions extend beyond producing more of the sugar Nigerians consume. Sugarcane itself offers multiple industrial applications that could deepen the value generated from each hectare cultivated.

According to Bakrin, the crop can be processed into ethanol and animal feed and can also support electricity generation, making sugarcane relevant to Nigeria’s wider bio-industrialisation agenda.

“We have been blessed with a crop that is one of the most generous God has ever made,” he said.

The development model is also expected to give smallholder farmers and host communities a greater role in the emerging value chain. Through the Sugarcane Outgrower Development Programme, sugar estates are required to allocate land for outgrowers and invest in initiatives that support their host communities.

That structure could allow large estates and smaller farmers to participate within the same production ecosystem, while spreading the economic benefits of expanding sugar production beyond the boundaries of industrial plantations.

The NSDC is equally looking to strengthen governance across the sector. Bakrin urged the Chartered Institute of Directors to contribute to improved corporate governance standards for sugar estates, mills and outgrower companies, with the aim of supporting the long-term sustainability of investments.

The sugar strategy is unfolding alongside efforts to improve agricultural financing and productivity. The federal government recently approved a N250 billion facility for the Bank of Agriculture to extend credit to smallholder farmers at single-digit interest rates.

The programme is expected to support mechanisation, raise productivity, improve market access and ease financing constraints confronting farmers across the country.

Taken together, the measures point to an effort to reposition sugar from an import-dependent commodity into a Nigerian industrial value chain. If the planned projects move from feasibility and financing into actual production, the opportunity could extend beyond replacing imports to include farming, processing, energy, manufacturing, employment and rural development.

With a domestic target of about 2 million tonnes against current annual consumption of 1.8 million tonnes, Nigeria is seeking not merely to produce more sugar, but to build the capacity to meet its own demand from within the country.

Lagos Accelerates Ojo, Somolu Hospital Projects as Specialist Healthcare Capacity Expands

Lagos State is advancing two major healthcare infrastructure projects that are expected to significantly expand public hospital capacity and strengthen access to specialised medical services across the State.

The 280-bed Ojo General Hospital is now about 85 per cent complete and is expected to be ready for commissioning by the end of 2026 or the first quarter of 2027, while construction of the new 180-bed Somolu General Hospital has reached approximately 15 per cent.

The progress of both projects came under review during an inspection tour led by the Lagos State Commissioner for Health, Prof. Akin Abayomi, accompanied by the Special Adviser to the Governor on Works, Dr. (Engr.) Adekunle Olayinka.

At Ojo, construction has moved into the finishing stage, with high-tech medical equipment and furniture already ordered ahead of the facility’s completion.

“We are at the point where we’re doing the finishing touches. We’ve ordered the high-tech equipment. We’ve ordered the furniture,” Abayomi said.

He explained that the government was addressing outstanding areas before completion and would increase the frequency of inspection visits to ensure that the hospital is delivered according to the required standards.

Olayinka confirmed that the project was about 85 per cent complete, adding that government quality assurance and control teams had identified minor areas requiring correction and communicated them to the contractor.

The hospital’s energy infrastructure is also being prepared for long-term operations. Olayinka said its solar installation meets the required specifications and will provide an alternative power source when the facility becomes operational.

The Somolu project is taking a different approach to healthcare delivery, with the new seven-floor hospital being developed as a specialist facility rather than simply an expanded version of the existing hospital.

Construction is taking place on the former Somolu Local Government headquarters site following the relocation of the council administration to another facility. The decision to construct an entirely new hospital was driven by the scale of demand in the area and the limitations of the existing 60-bed Somolu General Hospital.

Abayomi disclosed that about 107,000 registered patients currently access services at the existing facility, while its wider catchment population is estimated at between five million and 10 million people.

The existing hospital will continue providing uninterrupted clinical services while the new facility is being constructed. Once the 180-bed hospital is completed and operationalised, the old facility is expected to be demolished, with its site redeveloped for parking and other supporting services.

The new Somolu hospital is planned to become Lagos’ Head and Neck Super-Specialty Centre. Its specialist services will include Plastic Surgery, Maxillofacial Surgery, Ear, Nose and Throat, Ophthalmology and Dentistry, alongside Medicine, Surgery, Paediatrics and Obstetrics and Gynaecology.

The designation is part of Lagos State’s strategy of developing selected general hospitals into centres of excellence with specific super-specialties. The objective is to increase access to advanced medical interventions within the State and reduce the need for residents to travel outside Nigeria for specialised treatment.

“Over the next five to ten years, we believe that every kind of medical intervention will be available in Lagos in both the public and the private sector, so that outbound medical tourism will stop, and in fact, it will reverse,” Abayomi said.

The new hospital designs are also being shaped around environmental sustainability and operational efficiency. Abayomi said they incorporate renewable energy, low-carbon technologies, improved movement systems for patients and staff, water catchment, sewage management, and infection prevention and control measures.

According to Olayinka, the Somolu project encountered some challenges during its initial phase, but the identified issues have been resolved and construction is now progressing. Completion is targeted for the third quarter of 2027, with modern engineering systems, green technologies, carbon-reduction measures and solar power incorporated into the project.

The inspection involved officials from the Ministry of Health’s Medical Project Implementation Unit, the Office of Works, the management of Somolu General Hospital, contractors and technical project management teams.

Beyond the construction of individual hospitals, the State is positioning the projects within a wider healthcare reform programme that includes healthcare financing reforms, compulsory health insurance and the proposed University of Medicine and Health Sciences.

Together, these measures are intended to strengthen Lagos’ healthcare system, expand the availability of specialised treatment and create greater capacity for residents to access advanced care within Nigeria.

The long-term ambition is not only to serve Lagos’ growing population but also to strengthen the State’s position as a regional destination for specialised medical care, while reducing the flow of Nigerians seeking treatment abroad.

BOI’s N250 Billion Bond Draws Strong Investor Demand, Expands Funding for Nigerian Businesses

The Bank of Industry (BOI) has secured more than the N250 billion it offered in its first domestic bond issuance, giving the development finance institution a major boost in its efforts to mobilise long-term funding for Nigerian businesses.

Issued through BOI Financing SPV Plc under the bank’s $1 billion Multi-Currency Instruments Programme, the Series 1 Fixed Rate Bond marks BOI’s debut in Nigeria’s domestic debt capital market. The strong response came from a broad mix of institutional investors, including pension fund administrators, commercial banks, development finance institutions, corporates and other major market participants.

The transaction also attracted significant anchor investments from the Nigeria Sovereign Investment Authority (NSIA) and the International Finance Corporation (IFC), adding further depth to the offering and reinforcing confidence in BOI’s credit standing and development mandate.

The capital raised is intended to strengthen BOI’s capacity to provide long-term financing to businesses in priority sectors. Its eventual impact is expected to extend into industrial expansion, job creation, local value addition and efforts to diversify Nigeria’s economy.

BOI Managing Director and Chief Executive Officer, Dr. Olasupo Olusi, said the response showed the capacity of Nigeria’s domestic capital market to mobilise substantial funding for productive investment.

“The strength of the investor response is a vote of confidence not only in BOI, but also in the capacity of Nigeria’s domestic capital market to mobilise long-term capital for productive investment,” he said.

Olusi said the bank’s objective is ultimately to move the capital into Nigerian enterprises that can expand production, strengthen local value chains, create employment and improve economic competitiveness.

Government-backed incentives also formed part of the environment surrounding the transaction. Olusi credited President Bola Tinubu’s executive approvals for measures designed to encourage investor participation, saying the support helped strengthen the attractiveness of the offering.

He said the strong demand achieved within five working days would not have been possible without the approvals and described the intervention as a positive signal to investors.

A separate N100 billion fund approved for BOI is expected to support the bond’s pricing and reduce the borrowing-cost burden for manufacturers and other businesses that receive financing from the bank.

The structure of the bond reflects BOI’s focus on longer-term lending. The five-year instrument provides semi-annual coupon payments and a two-year moratorium on principal repayment before amortising repayments begin.

Subscriptions ran from August 5 to August 11, with Chapel Hill Denham serving as Lead Issuing House. The bond was priced within a yield range of 17.35% to 17.50% and is expected to be listed on the FMDQ Securities Exchange once the issuance process is completed.

BOI said the final subscription and allotment figures will be released after obtaining approval from the Securities and Exchange Commission (SEC).

The domestic transaction adds another layer to BOI’s funding strategy, complementing the institution’s access to international capital markets with a stronger pipeline of domestic institutional funding. The quality of demand, competitive pricing and range of participating investors point to an established appetite for long-term instruments backed by institutions with strong development mandates.

The bond also comes as BOI expands financing for specific productive sectors through international partnerships. Last month, the bank unveiled an €85 million long-term financing facility with the European Investment Bank (EIB) and the European Union to support cocoa processing and dairy production in Nigeria.

About 70% of that facility is expected to go towards the cocoa and dairy value chains, which are regarded as important to employment, export growth and foreign-exchange retention.

Taken together, the financing initiatives give BOI additional resources to connect long-term capital with businesses capable of expanding production and increasing value creation within Nigeria.

The success of the N250 billion bond therefore strengthens the pool of capital available to Nigerian enterprises seeking to invest, expand capacity and contribute to the country’s industrial development.

FG Resets Profit-Oil Terms to 70:30 for New Deep Offshore Projects

Nigeria has introduced a new fiscal incentive that could improve the commercial outlook for fresh deep offshore oil and gas developments, allowing qualifying projects to begin their profit-oil sharing arrangement at 70 per cent for contractors and 30 per cent for the government.

The measure is contained in the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, signed by President Bola Tinubu on August 6, 2026, and gazetted by the government.

A central feature of the order is the Profit Oil Reset, which gives an eligible new development its own starting point on the profit-oil sliding scale. This means a greenfield project entering an existing contract area will not automatically take on the higher government share that may already apply to older production in that area.

Once approved, the reset begins at 70:30 between the contractor and government for the eligible project. The Gazette specifies that the sliding scale will restart only for the approved development, regardless of the profit-oil ratio that existing production elsewhere in the same contract area has already reached.

The arrangement is targeted specifically at new developments rather than existing fields. To qualify, a project must be a greenfield crude oil or non-associated gas development for which a Final Investment Decision had not been taken when the order commenced.

The FID must be reached by December 31, 2029. An extension may be granted where force majeure prevents the operator from meeting the deadline.

The qualifying development must also be ring-fenced for cost recovery and tax purposes. Following approval of the reset, the contractor and government are required to execute an addendum to the relevant Production Sharing Contract within 30 days.

The fiscal support does not stop at profit-oil sharing. The order introduces a Standard Production Tax Credit of up to $3 per barrel for qualifying projects with producible reserves of up to 400 million barrels. Projects with reserves above that level can receive up to $4.50 per barrel.

Future leases may qualify for another $1 per barrel, subject to the conditions set out in the order.

For deep offshore gas projects, qualifying gas with lower hydrocarbon liquids content can attract a tax credit of up to $1 per thousand standard cubic feet, while gas with higher liquids content can receive up to $0.50 per thousand cubic feet.

A Supplementary Production Tax Credit may also be granted on a case-by-case basis. The combined standard and supplementary credits cannot exceed $11.50 per barrel for oil projects or $8 per barrel of oil equivalent for non-associated gas projects.

The incentives are being introduced into a sector where offshore developments demand large amounts of capital, advanced technology and long investment horizons. Geological uncertainty, project costs and market conditions can further influence the economics of such developments, making fiscal certainty an important consideration for investors.

Professor Emeritus of Petroleum Economics, Wumi Iledare, welcomed the investment objective but urged that the policy should ultimately be judged by the additional value it creates for Nigeria.

He said the critical petroleum economics question was how much incremental value the tax remission would generate for the country compared with the economic rent and government revenue forgone.

Iledare also warned that an incentive that merely transfers rent from government to an investor on a project that would have proceeded regardless would not necessarily create additional public value.

The potential investment impact is nevertheless significant. Iledare pointed to reported prospects of unlocking up to $50 billion in investment, beginning with the approximately $10 billion Bonga Southwest project. He stressed, however, that investment announcements alone should not determine whether the policy succeeds.

The order also places emphasis on activities being carried out within Nigeria. Project work is expected to be undertaken domestically except where an activity is on the critical path or carrying it out in Nigeria would cost more than 10 per cent above the alternative. Such exceptions must be covered by an approved Nigerian Content Plan.

The Nigeria Revenue Service is expected to publish implementation guidelines within 45 days. These will cover the application procedure, economic valuation methodology, computation templates, monitoring arrangements and ring-fencing requirements.

There are also provisions for recovering benefits obtained improperly. Tax credits may be withdrawn and recovered where an applicant has used false statements, misrepresentation or incorrect data, or has breached the conditions attached to the approval.

For Nigeria, the new framework represents an attempt to improve the investment case for undeveloped deep offshore resources while protecting the country against incentives that fail to produce corresponding economic gains. Its success will ultimately depend on whether the fiscal concessions translate into projects, capital, production and broader value for the Nigerian economy.

NAL Honours Scholars, Tunde Kelani at 28th Convocation

The Nigerian Academy of Letters (NAL) has honoured veteran filmmaker and cinematographer Tunde Kelani while welcoming distinguished scholars and personalities into its fellowship at its 28th Convocation, Induction of New Members and Investiture of Regular and Honorary Fellows.

Kelani received the NAL Award of Excellence in Humanistic Practice for a career spanning decades and his role in projecting Nigerian, particularly Yoruba, culture and literary traditions through film. His recognition placed creative practice alongside academic scholarship in the Academy’s celebration of the humanities.

Renowned playwright and scholar Professor Emeritus Femi Osofisan was honoured as a Distinguished Life Fellow, while historian Professor Nwando Achebe was invested as an Overseas Fellow. Achebe is a University Distinguished Professor at Michigan State University in the United States, President of the African Studies Association and founding editor-in-chief of the Journal of West African History.

The Shehu of Borno, Alhaji (Dr) Abubakar Ibn Umar Garbai El-Kanemi, CFR, and Professor Ephraim Olabode Lucas were invested as Honorary Fellows.

Among the 2026 Regular Fellows was Professor Oladele Abiodun Balogun, whose academic career spans more than three decades of teaching, research, mentorship, leadership and public service.

A product of the philosophical tradition of the University of Ibadan, Balogun has built his scholarship around African and Yoruba philosophy, indigenous epistemology, ethics, political philosophy, jurisprudence, metaphysics and conceptual decolonisation. His research has examined Ori , the Yoruba understanding of destiny and personhood, as well as causality, communal ethics, democracy, human rights, meaningful life and indigenous knowledge.

He has authored and co-authored books, journal articles, book chapters and conference papers published nationally and internationally, including contributions to works associated with Springer, Routledge, Wiley-Blackwell, IGI Global, Academic Press and Carolina Academic Press.

Balogun served as Vice President of the Nigerian Philosophical Association from 2012 to 2016 and received the Thabo Mbeki Award of Leadership from the University of Texas at Austin in 2017 for his contribution to African intellectual development, leadership and scholarship.

The other 2026 Regular Fellows were Professors Emmanuel Taiwo Oladipupo Babalola, Nosa Owens-Ibie, Oladipupo Jacob Ajiboye, Boniface Anthony Chijioke Obiefuna, Gbenga Solomon Ibileye, AbdulRasheed Abiodun Adeoye, Oyeronke Olademo and Rasaki Ojo Bakare.

Professor Remi-Raji Oyelade, listed as a Regular Fellow for 2025, was also part of the convocation programme.

Held at the J. F. Ade Ajayi Auditorium, University of Lagos, Akoka, Lagos, the ceremony was presided over by NAL President Professor Andrew Haruna, FNAL, and coordinated by the Academy’s Secretary, Professor Olakunbi O. Olasope, MNAL.

As Nigeria’s apex body of scholars in the humanities, the NAL promotes scholarship, intellectual excellence and the development of the humanities. The latest convocation reflected that mandate through honours spanning philosophy, history, literature and filmmaking.

Daniel Umemezie Named U.S. National Youth Poet Laureate

At 18, Daniel Umemezie has become the 2026–2027 U.S. National Youth Poet Laureate, placing a Nigerian-American voice at the centre of one of the United States’ most prominent youth literary platforms.

His selection, announced by the U.S. Mission Nigeria, makes him the 10th young person to hold the national title and the second Nigerian-American to receive the honour after Salome Agbaroji, who became the first in 2023.

The National Youth Poet Laureate recognition celebrates outstanding young poets in the United States and gives them a national platform for readings, workshops and wider literary engagement. For Umemezie, it is the latest achievement in a creative journey shaped by Nigeria, migration, memory and an unusually broad artistic curiosity.

Born and raised in Nigeria, Umemezie was drawn to the arts from an early age. He played the piano for 14 years, learned the drums and became proficient in nine instruments. His creative interests extended beyond music to drawing, painting, crocheting, knitting and even architecture.

Reading also became an important part of his childhood. He regularly explored books from the library of his father, a preacher, developing a relationship with literature that would later find a powerful outlet through poetry.

At 13, his family moved to the United States after his mother secured a nursing job there. Daniel, his parents and his two siblings first settled in Texas before later moving to Iowa. The experience exposed him to substantial cultural differences and gave him a new perspective on the Nigerian identity he had grown up with.

Poetry eventually became one of the ways he made sense of those two worlds. In one of his poems, Umemezie reflects on what he calls “two Nigerias,” drawing from memories of the country he knew as a child while confronting some of the more difficult realities surrounding everyday life. The poem moves between images of language, laughter, traffic and inherited culture and contrasting scenes involving generators, people living on the margins, street preachers and an enduring belief in the possibility of change.

Rather than presenting those experiences as competing identities, he describes them as parts of himself that coexist, capturing the complexity of belonging to Nigeria while growing into a Nigerian-American identity.

His poetry career gained momentum during his sophomore year of high school, when an English teacher encouraged him to enter a local poetry competition. He won, then went on to become the Cedar Valley Youth Poet Laureate and the Iowa Student Poet Ambassador.

That progression eventually led to the national stage. In April, Umemezie was selected from hundreds of young writers and local youth poets from across the United States for the 2026–2027 national position.

During his national tenure, Umemezie is expected to travel across the United States for poetry readings and workshops. He has said he hopes to promote work that encourages social justice, political participation and self-exploration.

Yet poetry is not the only field in which he intends to build a future as Umemezie plans to study aerospace engineering at Iowa State University.

From a childhood in Nigeria filled with music, books and creative exploration to recognition as one of America’s leading young literary voices, Umemezie’s journey shows how experiences carried across borders can become a source of creative power. His story adds another remarkable chapter to the growing record of Nigerians and people of Nigerian heritage making their mark on the global stage.

NCDMB Rewards Indigenous Innovators as Technology Innovation Challenge Produces 2026 Winners

The Nigerian Content Development and Monitoring Board (NCDMB) has concluded the maiden edition of its Technology Innovation Challenge (TIC) 2026, with three indigenous technology solutions emerging as the top winners of a programme designed to move homegrown ideas from research laboratories into commercial applications across Nigeria’s oil and gas industry.

The grand finale was held on Wednesday, August 12, 2026, at the Nigerian Content Conference Centre in Yenagoa, Bayelsa State, following a multi-stage process that began with more than 100 applications from innovators across the country.

The Technology Innovation Challenge is structured as a Research-to-Commercialisation programme aimed at identifying promising Nigerian technologies, strengthening their development and creating pathways for their adoption within the energy sector. Fifteen finalists were selected from the initial pool and subsequently underwent mentorship, entrepreneurship training and commercialisation bootcamps before presenting their solutions to judges and industry stakeholders at the finale.

GeoPredict AI emerged as the overall winner, receiving a ₦25 million prize for its artificial intelligence-powered platform, which combines seismic, well-log and core data to improve reservoir characterisation and support more informed drilling decisions.

FrassPlus secured second place and won ₦15 million. Its solution applies artificial intelligence and green technology to the use of Black Soldier Fly frass for affordable bioremediation of hydrocarbon-contaminated environments.

Metallocene finished third with a ₦10 million prize for its Met-Ocean corrosion testing unit, developed to support corrosion assessment in offshore environments.

Other finalists included Mar Thermal SIM, BMV-6 Medical Ventilator and MaxFox AeroShield, which also formed part of the cohort that progressed through the programme’s innovation and commercialisation stages.

In his welcome address, the Acting Director of Planning, Research and Statistics at NCDMB, Mr Silas Ajimijaye, thanked participants, industry players and other stakeholders for supporting the initiative. He encouraged companies within the sector to examine opportunities to partner with the innovators and deploy their technologies where applicable.

Ajimijaye also described all the finalists as winners, stressing that their participation represented an important step in developing indigenous technological capacity.

Representing the NCDMB Executive Secretary, Engr. Felix Omatsola Ogbe (FNSE, FIPS), at the event, the Director of Corporate Services, Dr Abdulmalik Halilu, reaffirmed the Board’s commitment to ensuring that the solutions developed through the challenge progress beyond the innovation stage into sustainable commercial ventures.

He emphasised that commercial success should not be measured simply by getting a product into the market, but by its ability to remain viable and competitive over time. He also challenged innovators to make their laboratories platforms for developing solutions capable of addressing future industry needs.

The initiative also received support from stakeholders across the oil and gas, technology and academic sectors. Representatives and stakeholders associated with NNPC, the Petroleum Technology Association of Nigeria (PETAN), the Oil Producers Trade Section (OPTS), the Nigerian Building and Transport Institute (NBTI), the Petroleum Training Institute (PTI), Niger Delta University and NCDMB Centres of Excellence expressed support for the programme and indicated their willingness to deepen collaboration with the innovators.

The Technology Innovation Challenge forms part of NCDMB’s effort to strengthen indigenous research, innovation and technology development by creating a pathway for Nigerian solutions to progress from ideas and prototypes to commercially viable products and services.

With the 2026 edition now concluded, the programme provides a platform for stronger collaboration between innovators, research institutions and industry players, while positioning locally developed technologies for greater application within Nigeria’s energy sector.

Dangote Refinery Plans October IPO to Put Nigerians at the Heart of Its Growth

Nigeria’s Dangote Petroleum Refinery is preparing for what could become Africa’s largest initial public offering, with the company positioning the planned October listing as an opportunity for Nigerians to own a stake in one of the country’s most significant industrial investments.

The refinery has applied to Nigeria’s Securities and Exchange Commission for approval to raise as much as $5 billion through the IPO, although the final size of the offering has not yet been determined.

David Bird, the refinery’s Chief Executive Officer, said the central objective is broad participation by Nigerian investors. “The mandate of the IPO was to be the people’s IPO,” Bird told Reuters, explaining that the company wants Nigerians to participate directly in its growth.

For now, the company is keeping the proposed listing within Nigeria. Bird said Dangote Petroleum Refinery would want at least three years of demonstrated production and financial performance before considering an international listing, a step that could potentially support a stronger valuation. London has been mentioned as one possible destination for such a future listing.

Bird did not disclose the expected IPO size or the refinery’s valuation. However, the company’s recent fundraising provides an indication of its scale. In July, it secured $2.5 billion through a private placement that valued the refinery at approximately $40 billion.

The private placement also offered an early indication of investor appetite. Africa Finance Corporation, which led a group of strategic investors in the transaction, said the deal was 3.7 times oversubscribed and attracted substantial interest from institutional investors in Africa and around the world. Bird said preparations for the IPO remain on schedule and that investor interest during both the pre-marketing exercise and July’s private placement has been strong.

Dangote Refinery’s growing position in international fuel markets has added another layer to the company’s expansion story. Owned by Africa’s richest man, Aliko Dangote, the Lagos-based refinery has benefited from disruptions associated with the Iran war, supplying jet fuel to markets across Africa and into Western Europe as buyers searched for alternative sources of supply.

According to Bird, the refinery became Europe’s largest supplier of jet fuel in June and July, underscoring the growing reach of a Nigerian industrial facility that was originally built to transform the country’s dependence on imported refined petroleum products.

The refinery’s competitive advantage, Bird said, extends beyond its size as its access to locally produced crude, strong domestic demand and integrated operations give it a position he believes compares favourably with refining assets in the United States.

That position is expected to become even more significant in the coming years. Dangote Petroleum Refinery plans to increase its refining capacity from its current level to 1.4 million barrels per day within three years. The expansion will be financed partly through proceeds from the IPO and partly through debt, while Bird said the cost will be substantially below the approximately $20 billion required to build the original refinery.

The planned expansion comes against the backdrop of a major supply gap across the African market. Bird said the continent remains structurally short of refined fuels and petrochemicals, creating substantial room for the refinery to increase production and expand its market reach.

Within Nigeria, the refinery already supplies most of the country’s gasoline and diesel requirements and meets all of its jet fuel needs.

If completed as planned, the IPO would open ownership of one of Nigeria’s most strategically important industrial assets to a wider pool of Nigerian investors while providing capital for the next stage of its expansion.

For a refinery that has rapidly moved from being a landmark Nigerian infrastructure project to a major participant in international fuel markets, the next chapter could see Nigerians themselves take a larger financial stake in the story.

Nasarawa Secures $2 Million Lithium Agreement to Strengthen Local Processing

Nasarawa State has taken another step towards building a stronger lithium industry, securing a $2 million supplementary agreement with Chinese-backed Diamond New Energy to sustain raw material supplies for its refining operations and deepen the state’s participation in the mineral value chain.

The agreement was signed on Friday at the Nasarawa State Governor’s Lodge in Abuja, with Governor Abdullahi Sule presiding over the ceremony following his recent investment visit to China.

At the heart of the deal is a practical objective: keeping the refinery supplied with lithium feedstock while ensuring Nasarawa State, as a mining licence holder, continues to benefit from the project.

Governor Sule said the arrangement was structured to protect both the company’s operations and the interests of the state. He explained that securing the necessary mining licence quickly was important to prevent the opportunity from being lost to another party, while ensuring the refinery remains functional and the jobs created by the investment are preserved.

“By keeping your factory operational, we ensure that you continue to get raw material. That is the essence of this agreement, and that is the essence of us quickly obtaining that license before somebody else will get it. Now we have achieved both aims,” Sule said.

“We are going to keep your factory functional, and we also have an interest as license owners in whatever you are doing in your company. More importantly, the people you have employed will remain employed.”

The latest agreement builds on a mining cooperation partnership entered into in 2024. According to Ibrahim Abdullahi, Managing Director of the Nasarawa State Investment Development Agency (NASIDA), that earlier partnership played a role in the development of what he described as the largest lithium processing refinery in West Africa.

Under the supplementary arrangement, lithium materials from the state government’s mining block will continue to serve as feedstock for the refinery. Beyond securing supply, the deal provides an immediate $2 million financial benefit to the state and is expected to create additional revenue opportunities in the future.

Diamond New Energy also reaffirmed its commitment to processing more of Nasarawa’s mineral resources within the state rather than limiting its activities to extraction.

David Siong, a representative of the company, said Diamond New Energy believes in expanding resource development, deep processing, employment opportunities and broader economic activity within Nasarawa communities.

“Diamond New Energy always insists on and firmly believes in the further development of resources in Nasarawa, the deep processing of resources, creating employment for the local community, and boosting local economic development. We look forward to the support of the state government to put this cooperation into practice,” Siong said.

The agreement comes at a significant moment for Nasarawa’s emerging position in Nigeria’s mineral-processing landscape.

In July, the Federal Government inaugurated a lithium processing plant in the state with the capacity to process 6,000 metric tonnes of material daily. The facility is currently the largest lithium processing plant operating in Nigeria, adding to the state’s growing reputation as a centre for mineral processing.

Nasarawa’s development is also part of a national push to move Nigeria beyond the export of unprocessed minerals and capture more value from its natural resources domestically.

The Federal Government has projected that ongoing reforms in the mining sector could unlock about $2.6 billion in mineral-processing investments. The pipeline includes an $800 million lithium processing investment, a $600 million lithium processing facility in Nasarawa State, a $200 million lithium processing plant near Abuja awaiting commissioning, and a $1 billion iron ore-to-steel project in Kogi State.

Zamfara State recently unveiled a $200 million lithium mining and processing project involving several local and foreign partners, with the project expected to contribute to mining investment and employment while expanding value-added processing.

Nigeria’s commercially viable lithium deposits are spread across a number of states, including Kaduna, Plateau, Cross River, Oyo, Ekiti, Kwara, Kogi and Nasarawa, with further prospects identified in other parts of the country.

Among the minerals found in these deposits are spodumene and lepidolite, high-grade lithium-bearing minerals with applications in electric vehicle batteries, consumer electronics and renewable energy storage.

As investment in lithium processing expands, developments such as this could help position Nasarawa and Nigeria more firmly within the rapidly evolving global energy and battery-materials supply chain.

Ondo Students to Gain Leadership, Technology Skills as FutureProofed 2.0 Returns

For 100 teenagers in Ondo State, the path to discovering their potential is about to take a more practical turn as DevMe prepares the second edition of its FutureProofed 2.0 bootcamp, with support from the Minister of Interior, Dr Olubunmi Tunji-Ojo.

The initiative is designed for students aged 13 to 19 and will expose participants to areas considered increasingly important in preparing young Nigerians for the opportunities and challenges of the future. The programme will combine leadership development and technology with practical learning, teamwork and problem-solving.

Speaking in Akure on Thursday, DevMe Founder and Executive Director, Temiloluwa Asagunla, said the bootcamp was created to give young people more than theoretical knowledge. Participants will receive intensive training in self-mastery, leadership, emerging careers and digital literacy, while also taking part in practical projects and collaborative exercises.

She explained that the objective is to create a platform where teenagers can identify their strengths, develop their abilities and demonstrate what they are capable of achieving.

The second edition also comes with stronger backing from Tunji-Ojo, following the outcome of the maiden edition. Dr Ayo Ologun, who represented the minister and the federal lawmaker at the event, said the achievements recorded during the first edition encouraged the decision to expand the level of support this year.

According to Ologun, the minister's team will provide the security apparatus required to cover the venue from the beginning to the end of the programme. In addition, two top winners of the competition will each receive N2 million.

That represents a substantial increase from the first edition, when the top prize was N1 million.

Ologun said the larger financial rewards were intended to give the eventual winners resources that could help them build on their achievements and prepare for a future they could be proud of.

Beyond the competition and its prizes, FutureProofed 2.0 is positioning itself as a space where young Nigerians can begin connecting their interests with real-world possibilities. Through exposure to emerging careers, digital skills, leadership and practical projects, the organisers hope to help participants move from simply identifying their potential to actually putting it to work.

With 100 students expected to participate, the Ondo programme brings together mentorship, technology, leadership development and competition in an effort to equip a new generation with skills they can carry into the future.

Nigeria Establishes New Port Economic Regulator

Nigeria has taken a major step toward reshaping the way its ports are commercially regulated with the signing of the Nigerian Port Economic Regulatory Agency Act, 2026, establishing a dedicated statutory framework for economic regulation across the nation’s ports.

The legislation creates the Nigerian Port Economic Regulatory Agency (NPERA), giving it responsibility for areas including tariffs, rates and charges, competition, service standards and commercial disputes.

President Bola Tinubu signed the Act on Thursday, August 13, 2026, bringing more than a decade of attempts to establish a permanent legal foundation for port economic regulation to a conclusion.

Pius Akutah, executive secretary of the Nigerian Shippers’ Council (NSC), confirmed the development in a Facebook post, stating: “Nigerian Port Economic Regulatory Agency Act, 2026. Thank you Mr President for making it a reality.”

The new framework changes the legal basis on which Nigeria’s port economy is regulated. Since 2014, the Nigerian Shippers’ Council has served as the country’s interim port economic regulator after the Federal Government designated it to perform that role following the 2006 port concessions.

The council’s regulatory authority, however, had largely rested on presidential directives and regulations rather than a dedicated Act of Parliament. The new legislation provides a statutory basis for economic oversight and formally addresses the question of who should regulate the commercial relationship between port operators and users.

Its practical effect will now depend on implementation. Importers, exporters, shipping lines, terminal operators and other port users will be watching how and when the Act takes effect, how its powers are transferred and what institutional arrangement emerges during the transition.

A particularly important issue is the future of the Nigerian Shippers’ Council. Earlier versions of the legislation proposed repealing the Nigerian Shippers’ Council Act, but the final institutional and transitional provisions of the 2026 law will determine whether the council is transformed into the new regulator or whether a separate institution is established to take over the responsibility.

The creation of NPERA is the result of a legislative effort that has crossed several National Assemblies. Bills seeking to establish a dedicated port economic regulator were considered during the sixth, seventh, eighth and ninth assemblies, but none became law.

The latest attempt began with the Nigerian Shipping and Port Economic Regulatory Agency Bill 2023. The proposal was introduced in the House of Representatives in February 2024 and passed second reading the following month. It sought to repeal the Nigerian Shippers’ Council Act and replace it with a new statutory framework.

The Nigerian Maritime Administration and Safety Agency (NIMASA) raised objections concerning provisions relating to shipping regulation, licences, fees and charges. The Nigerian Ports Authority also questioned possible overlaps with its responsibilities as the landlord and concessioning authority of the ports.

After eventually passing the National Assembly, the legislation was transmitted to the Presidency but was not immediately assented to. It was returned to lawmakers for amendments, including issues relating to its mandate and potential conflicts with the Nigerian Tax Administration Act 2025.

The House revised the legislation, while the Senate reconsidered its earlier passage. By March 2026, Akutah said the revised bill was awaiting Senate concurrence before being retransmitted to the Presidency. The Senate considered the amended legislation in April, paving the way for its eventual return to the President.

The August 13 assent therefore marks the culmination of a prolonged effort to move Nigeria’s port economic regulation from an interim arrangement into a statutory system.

For the maritime industry and the wider Nigerian economy, the importance of the reform will ultimately be measured by what happens after the signing. Clearer rules around charges, competition, service standards and commercial disputes could improve predictability for businesses operating through the ports, but those benefits will depend on effective implementation and clearly defined relationships among NPERA and existing maritime institutions.

Nigeria’s ports are a vital gateway for international trade, and the establishment of a dedicated economic regulator provides an opportunity to strengthen the commercial environment surrounding them.

The country has now settled the legislative question. The next challenge is to turn the new legal framework into an effective regulatory system capable of supporting a more transparent, competitive and efficient Nigerian port sector.