General News
Nigeria Attracts N28tr Private Investment in Four Years – FG

A total of N28trillion has been invested into Nigeria’s economy by the private sector between 2010 and 2013.
This is over 100 per cent more than the Federal Government’s target of N13trillion for the period.
Mr. Labaran Maku, Minister of Information, disclosed this while briefing State House correspondents yesterday at the end of the weekly Federal Executive Council meeting.
He was joined at the briefing by the Minister of Tourism, Culture and National Orientation, Chief Edem Duke.
Maku said the figure was one of the highlights of the report of the implementation of first development plan of the country’s Vision 20:20 presented to the council by the Ministry of National Planning for review.
He said the report which would soon be presented to the public showed clearly that the present administration had achieved significantly the goals set out in the first implementation plan.
He said: “One of the highlights of what we saw today was that under this period because of the present reforms that were really encapsulated in the take-off of the first national implementation, we have overshot by more than 100 per cent the inflow of private sector investments in the economy.
“We targeted N13 trillion investment plan by the private sector to be able to reach our goals in the first plan.
“But the initial report we saw today was that the private sector actually invested over N28 trillion in the economy in the period between 2010 and 2013 which was over 100 per cent above the initial target of N13 trillion.
“What the report shows is that the Nigerian economy is growing by leaps and bounds and that inspite of the challenges we have had in the Northern part of the country, investments are continually flowing into the economy.
“The economy is growing and we have moved from 30th position in the global economy to 26th position by the end of 2013. We are now 26 from 30 when we started in 2010.”
Maku said the report further showed that by the time the government would implement the second plan between 2013 and 2017, the country will be moving closer to the 20th position on the global economy by the size of GDP.
He added that by the time the government implements from 2017 to 2020, Nigeria would have realised its dream of being among the 20 largest economy of GDP.
Maku also disclosed that President Goodluck Jonathan would on Tuesday perform the ground-breaking of the Centenary City being designed to mark the 100 years of the nation’s amalgamation.
He said all resources required for the city would be provided by the private sector while the Federal Government would facilitate by providing land for the project.
Duke said Nigeria will be playing host to Africa between July 2 and July 5 when it will be hosting the African Fashion Summit.
He said 25 countries had confirmed participation with 30 fashion journalists from 17 countries.
Judges, he added, would be drawn from Canada, Italy and South Africa for the event that will attract about 1,000 delegates.
General News
Max Air to Resume Operations Two Months after Suspension

Max Air is set for resumption of service, two months after suspending flight operations due to a tyre burst incident involving one of its aircraft at the Mallam Aminu Kano International Airport (MAKIA), Kano.
A statement by the airline’s management said that the carrier would resume flight services on March 21, 2025.
When the airline suspended operations in January, it said that it would close domestic operations for three months.
With this, the airline was expected to resume in April.
However, the airline in a statement on Monday, said that its resumption was due to a successful operational evaluation, adding that this strategic pause allowed it to reinforce its commitment to safety, compliance and operational excellence.
The statement added: ‘During this period, we worked closely with aviation authorities to ensure that all statutory requirements were met, while enhancing our service delivery standards.
“As we return to the skies, passengers can expect improved travel experiences, increased efficiency, and the unwavering hospitality that Max Air is known for. We sincerely appreciate the patience and support of our valued customers during the temporary suspension.”
Max Air, had in January, suspended its domestic flight operations, following a tyre burst incident involving one of its aircraft in Kano.
The affected Boeing 737-400 aircraft, with registration number 5N-MBD, suffered a tyre burst while landing at MAKIA at about 10:51 p.m. on 28 January 2025.
Although all 53 passengers on board were evacuated safely, the aircraft was temporarily grounded before the Federal Airports Authority of Nigeria (FAAN), reopened the runway the next day.
During the suspension period, the Nigeria Civil Aviation Authority (NCAA) said that it would conduct a comprehensive safety and economic audit of the airline.
Mr. Michael Achimugu, director of Public Affairs and Consumer Protection, NCAA, in a statement released to the media, also stated that the regulatory body would support the Nigerian Safety Investigation Bureau’s (NSIB) probe while also conducting its own assessment of the airline.
He noted that the NCAA was already carrying out an organisational risk assessment for all scheduled airlines, including Max Air, before the latest incident.
“However, as a result of this incident, Max Air is suspending its domestic flight operations for three months, effective from midnight on 31 January 2025, to allow for an internal review of its operations.
“The safety audit will involve a re-inspection of Max Air’s organisation, procedures, personnel, and aircraft, as specified by the Nigeria Civil Aviation Regulations,” Achimugu had said.
He added that the economic audit would assess the airline’s financial health to ensure it can sustain safe flight operations.
General News
KPMG Reveals Africa’s Gaming Industry Recorded $1Bn Revenue in 2024

Africa’s gaming industry generated $1 billion in revenue in 2024, according to the 2025 Africa Games Industry report, published by KPMG in collaboration with Maliyo Games, highlighting efforts to digitize African culture through gaming.
The collaboration aims to improve the gaming industry in Nigeria by incorporating African culture into digital games.
Nigeria is Africa’s fastest-growing gaming market with revenue reaching $185 million in 2022. The country is positioned to play a central role in the continent’s gaming industry, and the report provides insights into the market’s evolution over the last 12 to 18 months.
Lawrence Amadi, partner, Tech Assurance, KPMG West Africa, speaking during the launch at the KPMG Tower in Lagos, recently, captured key developments in the industry and how gaming could be tailored to reflect African culture.
“Some of us may be familiar with Nintendo and Xbox, but what we are doing with this report is different. We are seeing the emergence of games that are custom-built for our culture. Games like WatKing and Downpour Drivers feature elements that people on the continent can relate to. This makes gaming more meaningful, and that is why this partnership is important,” he said.
Also emphasising the significance of the partnership, Amadi added, “The collaboration you see here brings KPMG and Maliyo Games together. Maliyo is a leading game development company in Africa, and we’ve chosen to partner with them because it is important to work with an industry front-runner.”
Hugo Obi, founder and CEO of Maliyo Games, highlighted the importance of developing games that resonate with African audiences.
“We are a mobile game development company based in Lagos, focused on creating African-inspired games. We take the games we play traditionally and digitize them. This is important because the games industry generates more revenue than the music and film industries combined,” Obi said.
He added that Africa generated $1 billion in gaming revenue in 2024. “That is how much money people are spending on games. And when I say games, I am not talking about gambling but the kind of games people play casually. The ability to create and develop games locally is important for economic growth,” he noted.
Obi also spoke about Maliyo’s collaboration with Disney to develop Watch Rising Chef, a cooking game centered around African cuisine. “Your family members abroad can now prepare jollof rice, fried chicken, and plantain on their mobile phones or tablets,” he said
He stressed the importance of building a gaming industry that is recognised and understood. “This industry is not mainstream yet. Many people play games, but very few understand how they are made or their economic impact. By partnering with KPMG, we aim to mainstream this knowledge and make it accessible,” he noted.
Beyond economic benefits, gaming also has positive social impacts. Obi pointed out that games enhance cognitive skills, problem-solving abilities, and social connections.
“Gaming is a form of entertainment that brings joy to players. In a world where people are constantly working and dealing with stress, gaming offers a form of escapism,” he added.
He also addressed misconceptions about gaming demographics. “Many assume that gaming is for children, but the data suggests otherwise. The average gamer is 18 years and 37 years old, male and female.
“This is because gaming devices are often registered under parents’ names. People of all ages engage in gaming, and there are different games for different age groups,” Obi said.
General News
Jumia Nigeria Kicks Off Tech Week 2025

Jumia, pan-African e-commerce platform, has launched its highly anticipated annual ‘Tech Week’ campaign, bringing consumers amazing deals on the latest gadgets and smart devices.
Under the theme “Future is in Your Hands,” this year’s campaign is designed to inspire Nigerians to embrace cutting-edge technology and innovation. Running from March 17th to March 30th, 2025, the campaign offers millions of customers access to unbeatable discounts on a wide range of tech essentials, including smartphones, laptops, home appliances, and entertainment systems.
In partnership with leading global and local brands such as Xiaomi, Oraimo, Binatone, Itel, SilverCrest, Ecoflow, Tecno, Realme, Skyrun, Century Appliances, Hisense, PZ Cussons, Unilever and Nivea, Jumia is committed to ensuring a seamless shopping experience with the best deals on high-quality tech products.
“We’re excited to present Jumia Tech Week 2025, a platform to enable Nigerians to have access to high-quality devices. With the rapid growth in digital adoption across the country, this campaign is designed to put the latest innovations within reach, helping customers stay connected, productive, and entertained. Our strategic partnerships with top brands allow us to deliver premium products at the best prices, making tech upgrades accessible to all,” said Sunil Natraj, CEO, Jumia Nigeria.
Commenting on the partnership with Jumia for Tech Week, Sylvie Zeng, Head of E-Commerce, Xiaomi, said “Xiaomi is focused on bringing cutting-edge technology to everyone, and Jumia Tech Week 2025 is the ultimate opportunity to experience our diverse range of innovative products at unbeatable prices.
“From the high-performance Poco series to the reliable and stylish Redmi smartphones, and a wide selection of AIoT devices designed to enhance your smart home, Xiaomi offers powerful, beautifully crafted technology for every need. This Tech Week, don’t miss out on the best deals to upgrade your lifestyle with Xiaomi, exclusively on Jumia!”
With over 142 million active internet subscribers reported in January 2025, Nigeria continues to witness an accelerated digital transformation. Jumia Tech Week caters to this dynamic shift, offering consumers a trusted platform to explore and acquire the latest tech essentials conveniently.
Beyond amazing discounts, Jumia Tech Week 2025 features exclusive flash sales, brand days, exciting giveaways, and interactive games throughout the campaign. Consumers can enjoy a seamless online shopping experience with secure payment options and pay-on-delivery services, ensuring accessibility for all.
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