This is contained in a statement signed by Dr Ejike Ndiulo, head of Corporate Communications, Air Peace, on Wednesday in Lagos.
According to Ndiulo, the decision is necessary because NiMet is the agency responsible for issuing CNH (Current Nowcast of Hazardous Weather) reports, critical for safe landings, especially during this season of heavy rainfall and thunderstorms.
He said without these reports from the control tower, flight safety could not be guaranteed.
“As a safety-first airline, we have chosen to act responsibly by suspending operations until NiMet resumes full service.
“We understand this may cause inconvenience, and we sincerely apologise. Passengers will be contacted with updates and options for rescheduling,” he said.
The staff of NiMET on Tuesday commenced an indefinite strike over the condition of service and other demands.
News
Lagos Harps on Leveraging Digitalization to Enhance Productivity
The Lagos State Government has urged Nigerians to leverage on technology whilst carrying out their activities in order to enhance productivity.
Dr. Obafemi Hamzat, the Deputy Governor of Lagos State, stated this during the Junior Chamber International (JCI), Nigeria, Global Digital Economy Summit (GDES) themed; “Digital Transformation: Defining our Success Pillars,” held in Lagos.
Represented by the Commissioner, Ministry of Finance, Lagos State, Dr. Rabiu Olowo, he acknowledged that there was a digital transformation going on in the world currently of which any society that is interested in a sustainable developing economy must embrace technology whilst carrying out its operations.
Hamzat maintained that due to the devastating effect of the Covid-19 pandemic the world had to adopt a new technique of functioning thereby depending more on technology driven solutions to sustain and upscale its activities both at home and at places of work.
He noted that: “The importance of technology towards driving sustainable economic growth can never be over emphasized going by the transformation it has brought to the way we live and carry out our business activities.
“We have seen global economic transactions go from manual to digitalized platforms due to the introduction and infusion of innovative Information technology skills and solutions.”
He further explained that the Nigerian digital economy diagnostic report identifies key challenges and opportunities of leveraging digital economy for a diversified and sustained growth as it provides an assessment on the state of the nation’s digital economy.
“It has been stated that for Nigeria to reap the benefits of a digital economy efforts must be geared towards accelerating improvements in five fundamental pillars of the digital economy which are; digital infrastructure, digital platforms, digital financial services, digital entrepreneurship and digital skills,” he added.
On his part, National President Junior Chamber International, Nigeria, Olawale Bakare said, “everything we do today is driven by technology so it is important to be able to see how we can best leverage on it in order to get optimized results for the benefit of our nation.
“In regards to harnessing and leveraging technology every individual needs to skill up because the problem now is not the lack of jobs rather it is the lack of huge skill gap in the digital economy space. Even if you are not looking to start a career in the technology industry, today every sector utilizes digital platforms and solutions in order to operate, thereby creating the need for everyone to skill up.”
The National Information Technology Development Agency (NITDA) is pleased to announce the inaugural meeting of the Startup Consultative Forum, scheduled for Monday April 28, 2025 This milestone event marks a significant step in deepening stakeholder engagement within Nigeria’s growing startup ecosystem.
The Forum will serve as an interactive platform for startup founders, innovators, ecosystem enablers, and intermediaries to actively shape national policies that foster growth, attract investment, and drive digital innovation.
Convened under the framework of the Nigeria Startup Act (NSA), this initiative reflects the government’s commitment to making startups not just stakeholders but key contributors in building an enabling environment for innovation.
The meeting will emphasize collaborative dialogue, with a primary focus on nominating and selecting representatives for the National Council for Digital Innovation and Entrepreneurship (Startup Council)—Nigeria’s highest advisory body for the startup ecosystem. Decisions from this Forum will lay the foundation for inclusive policy development, amplifying the voices of Nigeria’s tech and innovation community.
NITDA invites all Labelled Startups, Verified Entrepreneurial and Innovation Support Organisations, Angel Investors, Venture Capitalists, and other relevant stakeholders to join the Forum and actively participate in the nomination and voting process.
Join us in shaping the future of digital innovation in Nigeria. Together, we can build a thriving ecosystem that supports and celebrates the pioneering spirit of Nigerian startups.
International Monetary Fund (IMF) has revised downward its economic growth forecast for Nigeria in 2025 to 3.0%, a 0.2 percentage point cut from its earlier projection of 3.2%.
The downgrade is attributed to a decline in global crude oil prices, which remain a significant driver of Nigeria’s economy.
The updated figures were published in the IMF’s April 2025 World Economic Outlook (WEO) report, released in Washington, DC, during the ongoing Spring Meetings of the IMF and the World Bank.
The report outlines global and regional economic trends, highlighting continued vulnerability among oil-dependent economies.
According to the IMF, growth across sub-Saharan Africa is also expected to experience a modest decline, with projections falling from 4.0% in 2024 to 3.8% in 2025. However, a slight recovery is anticipated in 2026, with growth forecasted at 4.2%.
Nigeria, Africa’s largest economy, was singled out in the report as among the major economies affected by falling oil prices. The IMF noted that the country’s 2026 growth forecast has also been revised downward by 0.3 percentage points.
The IMF further reported similar economic challenges in other African countries. In South Africa, growth projections were adjusted downward by 0.5 percentage point for 2025 and 0.3 percentage point for 2026.
These revisions reflect weakening economic momentum following a lacklustre 2024, growing uncertainty, a rise in protectionist economic policies, and the impact of a broader global slowdown.
In a more severe adjustment, the IMF slashed South Sudan’s 2025 economic growth forecast by a staggering 31.5 percentage points.
The sharp decline is linked to delays in the resumption of oil production after a major pipeline sustained damage, significantly impacting the country’s revenue and export capacity.
The IMF’s outlook underscores the fragility of economies heavily reliant on natural resources and the ongoing risks posed by global market volatility.
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