Founded in 2010, TEF is the largest African philanthropic initiative focused on entrepreneurship.

As of mid-2025, several ministers in President Bola Tinubu’s administration have been recognized for their outstanding performance. Among them, Nyesom Wike, the Minister of the Federal Capital Territory (FCT), stands out prominently.

Montage of bustling tech hubs in Lagos, global data centers, and AI interfaces In 2025, the digital landscape is rapidly evolving. From Nigeria’s tech innovations to global ICT breakthroughs, NIGERIA’S ICT ADVANCEMENTS 1. National ICT Policies and Regulations Nigeria has introduced comprehensive ICT policies aimed at fostering innovation and expanding digital infrastructure. Key areas include data governance, content moderation, competition, and artificial intelligence. 2. Digital Transformation in Industries The manufacturing and communications sectors are experiencing a digital revolution. Advancements such as AI-driven automation, renewable energy integration, and 5G expansion are creating opportunities for SMEs and tech startups. 3. Financial Technology Innovations The Central Bank of Nigeria launched AfriGo Pay, Africa’s first national domestic card scheme, promoting financial inclusion and reducing reliance on foreign card networks. Global ICT Trends 1. Artificial Intelligence and Machine Learning AI continues to dominate the tech scene with developments like Agentic AI, AI governance platforms, and AI-driven cybersecurity measures. 2. Quantum Computing and Cryptography The rise of quantum computing necessitates advancements in post-quantum cryptography to secure data against potential quantum threats. 3. Spatial Computing and Ambient Intelligence Spatial computing and ambient invisible intelligence are transforming user interactions, enabling seamless integration between the physical and digital worlds. The Road Ahead As Nigeria and the global community embrace these ICT advancements, the focus remains on inclusive growth, digital literacy, and sustainable development. The future is digital, and it’s unfolding now. NIGERIA’S ICT LANDSCAPE IN 2025 1. Policy Reforms and Digital Governance Since President Bola Tinubu’s inauguration in 2023, Nigeria’s ICT sector has experienced notable growth, driven by increased digital innovation and youth-led entrepreneurship. However, challenges such as unreliable power supply, high operational costs, limited internet access, and regulatory hurdles persist .  To address these issues, Nigeria has implemented new ICT policies aimed at fostering innovation and expanding digital infrastructure. These policies focus on data governance, content moderation, competition, and artificial intelligence regulation . 2. State-Level Digital Initiatives Nigerian states are accelerating digital transformation efforts. For instance, Abia State signed a Memorandum of Understanding with MTN to enhance digital infrastructure and training programs. The federal government aims for the ICT sector to contribute 22% to the GDP by 2027, up from 17% in 2024. 3. Sectoral Innovations In manufacturing and communications, Nigeria is witnessing a digital revolution. Advancements such as AI-driven automation, renewable energy integration, and 5G expansion are creating opportunities for SMEs and tech startups . Global ICT Trends in 2025 1. Artificial Intelligence (AI) and Machine Learning AI continues to dominate the tech scene with developments like Agentic AI, AI governance platforms, and AI-driven cybersecurity measures. These advancements are reshaping industries by enhancing decision-making processes and automating complex tasks . 2. Quantum Computing and Cryptography The rise of quantum computing necessitates advancements in post-quantum cryptography to secure data against potential quantum threats. Organizations are investing in quantum-resistant encryption methods to safeguard sensitive information. . 3. 5G-Advanced and 6G Development 5G-Advanced, an evolutionary upgrade to 5G technology, focuses on performance optimization, enhanced spectral efficiency, and expanded functionality. It supports advanced applications such as extended reality and ultra-low latency services. Meanwhile, 6G is in the early stages of development, with countries collaborating on shared principles for secure and interoperable connectivity. 6G aims to provide faster data rates, lower latency, and improved quality of service compared to 5G . Looking Ahead As Nigeria and the global community embrace these ICT advancements, the focus remains on inclusive growth, digital literacy, and sustainable development. Continued investment in infrastructure, policy reforms, and human capital development will be crucial in harnessing the full potential of ICT for economic and social transformation.

Here are some of the latest developments from the African Union Development Agency –as of May 2025: 1. Strategic Partnership with Mercy Ships International In December 2024, AUDA-NEPAD signed a Memorandum of Understanding with Mercy Ships International to enhance access to safe surgical care across Africa. This collaboration focuses on policy development, health workforce training, infrastructure investment, and advocacy to strengthen health systems and advance universal health coverage. 2. Technical Support for Genome Editing Guidelines in Zimbabwe In April 2025, AUDA-NEPAD provided technical assistance to Zimbabwe in drafting genome editing guidelines. This initiative aims to support the country’s agricultural biotechnology advancements and ensure biosafety in the application of genome editing technologies. 3. Advocacy for Infrastructure Transformation AUDA-NEPAD’s CEO emphasized the importance of transforming infrastructure to drive Africa’s development. In a recent statement, the CEO highlighted the need for innovative approaches to infrastructure development to meet the continent’s growing demands. 4. Launch of Phase 3 of the Continental Power Systems Master plan In January 2025, AUDA-NEPAD announced the commencement of Phase 3 of the Continental Power Systems Master plan. This phase aims to enhance power systems across the continent, promoting energy access and supporting economic growth. 5. Collaboration with Meta for Digital Innovation AUDA-NEPAD partnered with Meta to foster digital innovation across Africa. This collaboration focuses on leveraging digital technologies to drive socio-economic development and bridge the digital divide. NEPAD For more detailed updates and information, you can visit AUDA-NEPAD’s official News Centre or follow their “Africa’s Time Is Now!”, AUDA-NEPAD CEO

The Nigerian stock market concluded the week ending May 16, 2025, on a positive trajectory, with the NGX All-Share Index (ASI) rising by 0.90% to close at 109,710.37 points. This performance elevated the year-to-date gain to 6.59%, while market capitalization increased by ₦614 billion, reaching ₦68.9 trillion . Market Activity Overview Trading Volume and Value: Investors traded a total of 2.606 billion shares valued at ₦63.785 billion across 77,593 deals. This represented a slight decrease from the previous week’s 2.645 billion shares worth ₦77.005 billion in 86,110 deals . Top Traded Equities: The most active stocks by volume were FCMB Group Plc, Access Holdings Plc, and Tantalizer Plc, collectively accounting for 600.684 million shares valued at ₦6.570 billion, which is 23.05% of the total equity turnover volume and 10.30% of the value. Sector Performance Consumer Goods: The NGX Consumer Goods Index led sectoral gains with a 4.08% increase, driven by significant rallies in companies like Champion Breweries and Northern Nigerian Flour Mills, both of which appreciated over 30% . Insurance and Banking: The NGX Insurance Index rose by 2.47%, while the NGX Banking Index advanced by 1.19%, reflecting continued investor interest in these sectors . Other Sectors: The NGX Oil & Gas Index and the NGX Industrial Goods Index posted modest gains of 0.66% and 0.13%, respectively . Market Breadth and Investor Sentiment Market breadth was positive, with 61 equities appreciating in price, 31 declining, and 56 remaining unchanged. This suggests a broad-based investor confidence across various sectors . The positive market sentiment was bolstered by expectations surrounding the upcoming Central Bank of Nigeria’s Monetary Policy Committee meeting and the anticipated release of Nigeria’s Q1 2025 GDP figures. Outlook The sustained upward momentum in the NGX All-Share Index, coupled with sectoral gains and positive investor sentiment, indicates a bullish outlook for the Nigerian stock market in the near term. However, investors are advised to remain cautious and monitor macroeconomic indicators and corporate earnings reports that could influence market dynamics. For a visual summary of the market’s performance, you may find the following video insightful: https://youtu.be/hd-6EIJIy9o