News
Nigeria’s Okere @ Economist Conference, Wants Proper Channeling on Africa’s Energy
Mr. Austin Okere, founder and CEO of the Computer Warehouse Group (CWG), and entrepreneur in residence (EIR) has cautioned that Africa’s youthful population could either bring a democratic dividend or become a source of social unrest depending on how much policy and execution is exerted towards channeling the energies of the populace into productive entrepreneurship.
Speaking at Columbia Business School, New York, stressed that though digitalisation had already transformed our lives, a new wave of innovation is coming that will reshape the way we live, work and consume, redefining social systems, industrial competitiveness and pushing the boundaries of what we thought possible.
In a thought provoking paper at the event for thought leaders in Stockholm, organised by the Economist Group, tagged “Digital Horizons” recently against the backdrop of the world’s largest social networking company, Facebook, commissioning a 28,000 sq. m Data Centre in the Northern part of Sweden.
Over 150 leading innovators, researchers, entrepreneurs, futurists and policy makers gathered to discuss the digital future, a one-day summit where conventional thinking was challenged, critical visions, tools and insights were shared and fresh ideas generated around people, prosperity and power, he dispelled the erstwhile prejudices held against Sub-Saharan Africa such as being unprofitable, too complex and risky and difficult to tap into; citing examples of successful companies and how they have shattered these preconceived misconceptions, dealt with obstacles and created inventive business models, and taken advantage of technology to leapfrog what could in the past have been considered significant barriers.
Okere’s paper focused on the consequences of the digital revolution from an African perspective, drawing attention to the shifting opportunities from the erstwhile prosperous Northern hemisphere countries such as Greece, Spain, Italy, U.K. and North America to Southern Hemisphere regions such as Sub-Saharan Africa, China, India, Brazil and Australia.
He drew attention to the fact that returns on foreign direct investments (FDI) into Sub–Saharan Africa are among the highest in the world due to the opportunities for growth and investment, and also as a result of the large and youthful population, projected to expand consumer expenditure to $1tr by 2020, coupled with the ample natural resources in the region.
He pointed at companies such as African telecoms giant MTN, the Dangote Manufacturing conglomerate and his own Computer Warehouse Group, rapidly growing to become foremost Pan African Powerhouses.
The conference was preceded on the eve by a grand reception hosted by Margareta Bjork, President of the Stockholm City Council at the magnificent Golden Hall, the historic venue where Nobel laureates gather every December to receive their prices.
The main conference which was held at the Royal Institute of Technology (KTH), one of Scandinavia’s oldest and largest institutions of higher education founded in 1827, was chaired by Jan Piotrowski, Online Science and Technology editor at the Economist.
The event was attended by Carl Bildt, former Prime Minister of Sweden, who provided insights on governments’ perspectives on wide a range of issues from cyber security to job creation.
Other speakers included NicklasLundblad, Director of Policy at Google, Ulf Ewaldsson, Chief Technology Officer at Ericsson, Scott Kirtkpatrick, head of the School of Computer Science and Engineering at The Hebrew university of Jerusalem and PekkaMattila, Managing Director of Aalto University Executive Education.
It will be recalled that Okere was a also speaker at the Nigeria Summit 2013 on enabling and implementing transformation, organised by the Economist Group onMarch 19- 20 in Lagos.
News
FG Okays Biometric Upgrades @ Airports, Others

Federal government has a contactless biometric passenger verification system linked to the National Identification Number (NIN) across all airports in the country to tackle identity fraud and enhance security.

Festus Keyamo, minister of Aviation and Aerospace Development,
Festus Keyamo, minister of Aviation and Aerospace Development, announced this on Thursday, while briefing State House correspondents after the Federal Executive Council (FEC) meeting in Abuja.
“Too many people board aircraft using fake identities. This system will confirm passengers are who they claim to be,” Keyamo said.
The minister also said that the Council also ratified contracts under the 2024 budget to install airfield lighting at select airports so they can operate into late evening hours, helping airlines improve revenue.
“Some airports shut by 6 p.m. because they lack lighting. This upgrade will allow operations till 10–11 p.m.,” he noted.
Keyamo appealed to aviation unions to support ongoing reforms, stressing that while he remains pro-labour, “unions will not dictate government policy.”
Keyamo said the directive overrides interpretations linked to previous administrations’ asset disposal programmes, stressing that FAAN properties are strategic national assets that must remain under government control.
He explained that essential personnel, including firefighters and navigational officers, are required to reside within airport precincts to ensure rapid emergency response, making the retention of these facilities critical.
“We will not concede any of these properties to private individuals. Anyone who believes they have purchased such assets should take note,” he said.
The minister added that FEC granted eight approvals for the aviation ministry, covering airport safety, technology upgrades, concessions and security enhancements.
These include contracts for maintenance and support services for Aeronautical Information Management (AIM) solutions across five international airports — Abuja, Lagos, Kano, Port Harcourt and Enugu.
Council also approved the deployment of advanced Terrestrial Trunked Radio (TETRA) power systems nationwide, along with 14 VHF remote communication systems for the Nigerian Airspace Management Agency (NAMA) to boost navigational safety.
To meet International Civil Aviation Organisation (ICAO) standards, FEC endorsed the purchase of 15 airport rescue and firefighting vehicles for the five major international airports.
Keyamo further announced that NAMA, currently operating from rented offices in Abuja, will now have a purpose-built headquarters in the capital.
News
Lassa Fever’s Death Toll in Nigeria Hits 176- NCDC

Nigeria Centre for Disease Control and Prevention (NCDC) has reported that at least 176 people have died from Lassa fever across 21 states in 2025.

According to the NCDC; Ondo, Bauchi, Edo and Taraba remain the epicentres of the outbreak, accounting for 88 per cent of all confirmed cases recorded so far this year.
In total, Nigeria has recorded 955 confirmed cases from 8,367 suspected infections.
While confirmed cases are fewer than those seen in 2024, fatalities have increased.
This year’s case-fatality rate (CFR) is 18.4%, compared to 16.6% during the same period in 2024.
NCDC said the deaths are likely due to poor health-seeking behavior among patients who seek medical intervention too late, as well as poor environmental sanitation in affected communities.
Eighty-eight percent of all confirmed Lassa fever cases were reported from four states (Ondo, Bauchi, Edo, and Taraba), while 12% were reported from 17 states. Adults ages 21 to 30 years report the most infections.
Lassa virus is endemic in West Africa and spreads via contact with the urine or droppings of infected rodents.
Though not common, the virus can be transmitted person-to-person through direct contact with a sick person’s blood or other body fluids, mucous membranes, or sexual contact.
News
Tax Ombudsman is to Protect Businesses from Harassment—Oyedele

Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has said that the creation of a new office of the Tax Ombudsman (OTO) is to protect businesses from harassment.

Dr. John Nwabueze, Nigeria’s tax ombudsman
Oyedele, who spoke Sat the 24th Annual Conference of the Women in Management, Business and Public Service (WIMBIZ) held in Lagos, said that the Tax Ombudsman, will serve as an independent body to mediate disputes and safeguard the rights of taxpayers.
“If anybody shows up to harass you, to collect tax, or to seal up your premises, you can call the Tax Ombudsman. They have the legal authority and obligation to protect your rights,” he stated.
Oyedele said that the new tax regime will favour compliant and formalised enterprises while protecting small and informal businesses from undue pressure and harassment by tax officials.
He said that the ongoing reforms are people-centred and designed to reward compliance, promote fairness, and support economic growth rather than overburden citizens or businesses.
During a panel session themed “The New Tax Law and You,” Oyedele urged entrepreneurs, especially small business owners, to formalise their operations to benefit from a range of incentives embedded in the new tax framework taking effect from January 2026.
“We started the tax and fiscal reform by looking at how people do business, how those businesses grow, and how finance is placed,” he explained. “You can’t knock on the door and say, ‘Tax me.’ Let’s have a conversation on how to create a business that can pay corporate tax. So, the reforms are people-centric.”
According to Oyedele, small companies with an annual turnover of ₦100m or less will enjoy a zero per cent corporate tax rate, in line with the government’s goal of allowing small businesses to expand before being taxed.
“If you run a small company where your annual turnover is ₦100m or less, your corporate tax rate will be zero per cent. What is even more interesting is that the Corporate Affairs Commission (CAC) will register 250,000 small companies free of charge,” he disclosed.
He also revealed that the reforms would ensure fairness in value-added tax (VAT) administration, adding that critical sectors such as food, water, education, pharmaceuticals, and medical services will be fully exempted from VAT from next year.
“From next year, January 1, this bottle of water will be zero-rated for VAT. The same explanation applies to food, education, pharmaceutical, and medical services,” he said.
Oyedele explained that the government’s decision to exempt essential goods and services from VAT was informed by data showing that low-income Nigerian households spend nearly 80 per cent of their income on food, health, rent, education, and transportation.
“If people spend their entire income on five basic items, food, education, health, rent, and transport, then we must remove the taxes on those,” he noted.
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