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FG Begins Implementation of Abuja Technology Park Master Plan

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The Federal government yesterday said it has commenced the implementation of the Master Plan for the establishment of the SHESTCO Science and Technology Park at SHEDA in FCT, Abuja.

The minister of Science, Technology and Innovation, Sen. Adeleke Mamora disclosed this while declaring open a 2-Day Stakeholders workshop on the development and management of science and technology park and the integration of Technology Forsight for National development.

He said the Ministry has over the years embarked on national and international workshops and other advocacy programmes to sensitize and create awareness and enlightenment for stakeholders including Universities and Research Institutes across the country on the Nigerian Science and Technology Park initiative.

According to him, Science Parks have many advantages on National economies, especially as they: Stimulate and effectively manage the flow of knowledge and technology amongst universities, R&D institutions, companies and markets; facilitate the creation and growth of innovation-based companies through incubation and spin-off processes;  and provision of other value-added services together with high quality space and facilities.

The minister, who was represented by the Permanent Secretary in the Ministry, Mrs. Monilola Udoh, noted that the Ministry is already partnering with institutions and development partners locally and internationally to assist in the implementation of the SHESTCO Science and Technology Park.

The organizations include; the World Technopolis Association, UNESCO, Science Parks and Government of Poland, China Great wall Industry, United Kingdom Science Park Association (UKSPA) etc.

He listed some of the achievements of the initiative as; the production of feasibility report and business plan by UNESCO and the production of Master Plan for the project which is being implemented, saying that the park, when completed would spur Nigeria into industrialization.

Mamora described as welcome development the collaboration between the Ministry and some Agencies and Universities such as the Project Development Institute (PRODA), University of Nigeria Nsukka (UNN) which already has a functional Science Park and some State Governments that have indicated interest in establishing their own Science Parks in a manner that will be mutual beneficial.

”The Federal Government has mandated the Ministry to establish, promote and facilitate the establishment of Science and Technology Parks in Nigeria for Nigeria’s sustainable Development.

‘‘On the other hand, Technology Foresight which is also the other area to be discussed at this workshop, provides a frame work to think about the possible future in a structured and constructive way.

Technology Foresight is not about predicting a predetermined future, but about exploring how the future might evolve in different ways, depending on the actions and decisions taken today.

‘‘The Technology Foresight initiative also provides suitable methodologies to promote sustainable and innovative development, fostering economic, environmental and social benefits at national and regional levels.

Its outcomes are policies and programmes that deal with innovation, industrial growth and competitiveness. Nigeria therefore must embrace Technology Foresight for policy and planning and ultimately for the socio-economic development of the country.

‘‘Permit me to say that the involvement of the private sector is necessary in the Science Park project which is based on the triple Hellx Model of the Government, Academia and the Industry.

“Because of dwindling resources, Nigeria, just like other countries is leveraging on the expertise and financial resources of the Private Sector for the implementation of the Science Park and other projects through Public Private Partnership (PPP). The Ministry has several flagship programmes including the Science Park which are earmarked for PPP.’’

He however, re-iterated the resolve of the Federal to promote the evolution of Innovative technologies that would help reduce import dependence, enhance local content and strengthen self-sufficiency in our productive capacities, especially as a nation desirous of creating jobs, reducing poverty and strengthening her economy.

He further charged participants to brainstorm exhaustively and chart the best way for the implementation of the SHESTCO Science and Technology Park Master Plan and of course the of Science Parks in Nigeria, and also how to leverage on Technology Foresight for Planning and Policy formulation as well as Resource Persons.

Earlier in her welcome address, Mrs. Monilola Udoh, the Permanenent Secretary,  said the absence of linkage among the stakeholders have adversely affected the development of indigenous technology transfer and had encouraged undue reliance on foreign technical assistance.

While calling for synergy in fast-tracking the development of the park, the PS said other fast developing Nations such as China, Singapore, Korea, Malaysia etc, realized how the development and effective management of Science Parks could transform underdeveloped country to a developed one and hence, decided to develop Science and Technology Parks with spin-off companies running into hundreds and employing thousands of their citizens,

According to her, the role of the ministry is to provide the general leadership and guidance in the implementation of the project alongside with other relevant agencies in handling policy issues and funding for the project; the Research Institutes are to provide the R&D results for commercialization, while Universities and other tertiary institutions are to provide the skilled man power for the SHESTCO S&T Park.

In his goodwill message, the Director General of SHETSCO, Prof. Peter Onyenekwe said the Silicon Valley project of the ministry recognizes the importance of increasing and strengthening the linkage between Nigeria’s government, knowledge/research centres and industry.

As an institute, he said the complex hopes for the S&T park to create a focal point for the  building critical mass for infrastructure and expertise  that would catalyze and fast-track the commercialization of existing and emerging technologies and research output;  foster a robust system of innovation through effective interaction among government, knowledge centre and industry in a corridor of technology that stretches from SHEDA to all part of the country and apart from the initial take off grant, the project should be self-sustaining.

‘‘The increased interest in the development of science and technology Parks globally is related to the need to foster a viable innovation led sector as well as  the need for a robust research and development base, using indigenous human capital and associated commercialization of technology to accelerate economic development,’’ he said.

 


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DBN Awards N13m in Grants to Tech Startups

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Development Bank of Nigeria (DBN) has awarded a total of N13 million in grants to three standout tech startups at the 2025 Techpreneur Summit held in Lagos, reinforcing its commitment to innovation and inclusive growth among Nigeria’s micro, small, and medium enterprises (MSMEs).

DBN Awards N13m in Grants to Tech Startups

The winners include: BuyScrap, a digital marketplace for recyclable materials – N6 million; Qiqi Farms, which connects local farmers to hospitality and export markets – N4 million; Eco-Cyclers, a youth-led recycling initiative based in Enugu – N3 million

Alongside the grant awards, DBN also launched a new digital data asset, a first-of-its-kind platform aimed at enabling data-driven decisions within the MSME ecosystem.

The platform offers deep insights into business trends, sector-specific challenges, and growth opportunities—supporting smarter policymaking and targeted investments.

In his keynote address in Lagos, Tony Okpanachi, managing director/ CEO, DBN,   described the event’s theme, “CTRL + SHIFT: Tech Empowered Movement for Naija,” as a strategic call to reimagine enterprise development in Nigeria.

“This isn’t just a keyboard shortcut,” he said. “It’s a mindset reset—powered by technology—to build a more inclusive, innovative, and resilient business landscape. From financing to innovation, DBN remains committed to enabling MSMEs to thrive.”

Okpanachi emphasized that the Summit aligns with DBN’s AMPLIFI Strategy, which integrates digital transformation, sustainability, and scalability into its core programs.

He highlighted initiatives such as the Digital Shift Workshops and the Eco-Innovation Challenge as key steps toward embedding innovation in Nigeria’s MSME sector.

Encouraging young innovators, he added: “The future belongs to those bold enough to imagine and build it. DBN is proud to support the ideas that will shape tomorrow.”

A major highlight was the unveiling of the DBN Data Asset—a digital platform designed to provide real-time, evidence-based insights into Nigeria’s MSME landscape.

The platform combines DBN’s proprietary data with external sources like the National Bureau of Statistics (NBS) to offer a comprehensive view of MSME performance by region and sector.

Jeremy Dan Okayi, DBN’s Head of Strategy, Policy & Innovation, described the platform as: “A reservoir of insight, potential, and direction—built on two years of collaboration and shared vision. This tool will support informed decision-making across the public and private sectors.”


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FCCPC Shuts France, Belgium, and Italy Visa Centres in Abuja Over Alleged Consumer Rights Violations

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In a bold enforcement action, the Federal Competition and Consumer Protection Commission (FCCPC), supported by the Nigeria Police Force and the Nigeria Security and Civil Defence Corps (NSCDC), has sealed off the visa application centres of France, Belgium, and Italy in Abuja over alleged consumer protection breaches and obstruction of regulatory investigations.

The affected centres—located at Mukhtar El-Yakub House in the Central Business District and operated by TLS Contact, a Teleperformance Company—were shut down following reports that they refused to accept formal correspondence from the FCCPC regarding a consumer complaint. The Commission cited further infractions, including obstruction of investigation and alleged assault of its officers during lawful duties.

Speaking to journalists at the scene, Mrs. Boladale Adeyinka, Director of Surveillance and Investigations at the FCCPC, explained: “This is an enforcement operation against TLS. On March 25, 2025, we served them a letter to address a consumer complaint, which they refused to accept. Instead, TLS officers assaulted our team, and in a subsequent visit on June 17, they also allegedly assaulted uniformed police officers.”

Citing Section 33 of the Federal Competition and Consumer Protection Act (FCCPA), Mrs. Adeyinka emphasized that failure to comply with Commission directives constitutes a criminal offense, punishable by imprisonment, fines of up to ₦20 million, or both.

TLS has been ordered to appear before the Commission on June 20, 2025, to provide testimony, submit evidence, and make formal depositions. The company may be held liable for any financial losses suffered by applicants due to the disruption of visa services.

Despite multiple requests for comment, management at TLS Contact declined to respond as of press time.


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How and Why N210 Trillion is Missing in NNPCL – CFO

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Adedapo Segun, chief financial officer (CFO), Nigerian National Petroleum Company Limited (NNPC), has explained why there is a missing sum of N210 trillion in the company’s audited financial statement spanning from 2017 to 2023.

How and Why N210 Trillion is Missing in NNPCL - CFO

According to Segun, the missing funds are cash calls requested by joint venture (JV) partners and settlement to the JVs.

He spokeat a session of the Senate Committee on Public Accounts chaired by Aliyu Wadada.

Segun was responding to an alarm raised by the committee over missing N210 trillion in NNPCL’s audited financial statement.

Recall that Wadada issued a one-week ultimatum to NNPCL to account for the missing N210 trillion.

Reacting, Segun said, “The N103 trillion and N107 trillion are made up of joint venture cash calls that have been requested by the JV operators and JV cash call payments made by NNPCL, which are yet to be reconciled because governance procedures were not done at that time.

“That is why you see the description reflecting those two items would be washed out because they are two sides of the same transaction, which is the cash calls by JV partners and the settlement by NNPCL.”

However,  Habu Sadeik, a financial analyst, in a post on X on Thursday, said Segun’s response was unsatisfactory.

Saidik faulted NNPCL’s response about the fund discrepancies, noting that something is not right with the audited financial statement.

“Forget about the senators’ lack of knowledge.

“The CFO’s response is not satisfactory. Are you saying that cash calls worth hundreds of trillions are just appearing on your FS only in 2024 without 31 disclosure?

“If it’s a cash call, why hasn’t the disclosure said so?

“Which cash call is over 100 trillion?

“Something is definitely not right, and I hope they retrospectively correct that FS.

“Someone somewhere did a chef’s work,” he wrote on X.

 

 


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