
Governor Peter Mbah outlined Enugu State's strategy to expand its economy from $4.4 billion to $30 billion within eight years, aiming for a 27% compound annual growth rate. This plan is anchored on strategic investments in security, education, healthcare, tourism, aviation, and infrastructure, with a focus on private-sector-driven growth enabled by government initiatives. A key challenge addressed was the "sit-at-home" security issue, which the administration tackled by investing heavily in technology and working with security agencies to create a safe environment for investors. The state is also developing four major tourism sites, including Africa's longest zipline and a 5.6km cable car, to attract 3 million visitors. To support this, Enugu is involved in upgrading the Akanu Ibiam International Airport and has established its own airline to increase flight accessibility. The governor emphasized the role of technology in security, utilizing AI-enabled cameras and a Distress Response Squad to monitor the state and respond swiftly to incidents. In education, 33% of the budget has been allocated to projects, including 267 smart schools. The state is also bridging the teacher-digital literacy gap through a Center for Experiential Learning and Innovation, promoting practical and problem-solving approaches to education. Governor Mbah noted that President Tinubu's policies have significantly freed up resources, enabling Enugu to undertake these large-scale projects and strengthen t
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Must ReadFuel marketers in Nigeria have warned they will cease petrol sales nationwide if the Federal Government attempts to enforce price controls. This warning from Chinedu Ukadike, National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria IPMAN, follows remarks by the Minister of State for Petroleum Resources Oil, Heineken Lokpobiri. The minister stated that while petrol prices are deregulated, regulators must still protect consumers from exploitation, especially as crude oil prices have fallen without a corresponding decrease in gantry prices. The Federal Competition and Consumer Protection Commission also expressed concern over potential consumer exploitation. Lokpobiri urged the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA to prevent profiteering. However, Ukadike denied allegations of profiteering, citing losses incurred by marketers due to recent price reductions by the Dangote refinery. He argued that the government should investigate the root causes of high prices and boost competition by ensuring local refineries are operational and encouraging more importation. Ukadike emphasized that market forces of demand and supply should determine prices in a deregulated market. Billy Gillis-Harry, National President of the Petroleum Products Retail Outlet Owners Association of Nigeria PETROAN, acknowledged the minister's power to intervene but stressed the importance of consulting with all stakeholders. He suggested a meetin
Must ReadThe Federal Government aims to generate N2.5tn in independent revenue by 2026. This target was announced by Charles Abana, the acting Executive Chairman and Chief Executive Officer of the Fiscal Responsibility Commission, during a meeting with Senator George Akume, the Secretary to the Government of the Federation, in Abuja. The commission has already monitored approximately N1.84tn in independent revenue from Ministries, Departments and Agencies as of September 2025. Abana stated that the commission is enhancing its monitoring of operating surpluses from Government-Owned Enterprises and independent revenue from MDAs. Efforts are underway to improve transparency in revenue reporting, ensure timely remittance of operating surpluses into the Consolidated Revenue Fund, and prevent revenue leakages. The commission has also updated its Operating Surplus Calculation Template, first developed in 2016, to align with current fiscal realities and the Finance Act 2020, automating it for improved efficiency and accuracy. Senator George Akume emphasized the need for stronger collaboration among fiscal and oversight institutions, urging the Fiscal Responsibility Commission to work closely with the Federal Ministry of Finance, the Budget Office of the Federation, the Office of the Accountant-General of the Federation, and the Debt Management Office to strengthen fiscal governance and eliminate duplication. Akume highlighted the commission's crucial role in Nigeria's fiscal governance framew

Technology executives, academics, investors, and entrepreneurs at the Tech Derby Conference 2026, held during East Midlands Tech Week, called for enhanced artificial intelligence governance, increased investment in digital skills, and stronger collaboration between industry and academia. They emphasized that these measures are crucial for unlocking economic growth as AI reshapes businesses and the future of work. Tech Derby Chief Executive Akindayo Akindolani stated that the conference highlighted the value of uniting various stakeholders around a shared technology agenda, aiming to build a stronger technology ecosystem in Derby and the wider East Midlands. Akindolani also asserted that Derby possesses the talent and ambition to become a significant player in the UK鈥檚 digital economic development, advocating for AI and digital innovation beyond major cities. Tech Derby鈥檚 co-founder, Olawale Olatunji, noted that discussions reinforced the importance of AI, responsible innovation, and digital skills for business growth. Professor Stephan Reiff-Marganiec, Head of the School of Computing at the University of Derby, stressed the need for stronger partnerships to prepare the workforce for an AI-driven economy. The conference showcased practical AI applications, such as Ajibola Shokunbi of AudioInsight UK demonstrating AI in music education. A panel on AI governance addressed transparency, accountability, data governance, and human oversight, which were deemed essential for public t