Tag: Innovation

  • Federal Government Partners with Ericsson to Launch Youth Tech Innovation Hackathon

    Federal Government Partners with Ericsson to Launch Youth Tech Innovation Hackathon

    According to reporting by Leadership, the Nigerian government is set to unveil a major technological empowerment initiative dubbed the “Connect NextGen” Innovation Hackathon. The four-month-long program, which is being coordinated through the Office of the Vice President, officially kicks off on February 11, 2026, at the Presidential Villa in Abuja. This partnership with global telecommunications giant Ericsson is designed to equip Nigerian youths with advanced skills in modern technologies, fostering a new generation of digital entrepreneurs.

    The initiative aligns with the broader national agenda to deepen digital inclusion and create high-value jobs within the tech ecosystem. By leveraging Ericsson’s global expertise, the hackathon will provide participants with hands-on training and mentorship in emerging fields like 5G, Artificial Intelligence, and Internet of Things (IoT). The government expects that the solutions developed during this period will address local challenges while positioning Nigeria as a competitive hub in the global digital economy.

    In validation of this development, The Nation reports that the “Connect NextGen” program is a critical component of the administration’s “Renewed Hope” agenda for the ICT sector. The publication quotes a senior official from the Vice President’s office stating, “This hackathon is not just a competition but a strategic pipeline for talent discovery and national development.” Similarly, ThisDay emphasizes the private-sector involvement, noting that “Ericsson’s technical leadership will provide the necessary backbone for Nigerian youths to innovate at scale.”

    Echotitbits take:

    This move signals a shift toward practical, industry-led skill acquisition rather than just theoretical training. By involving a global leader like Ericsson, the government is bridging the gap between local talent and international standards. Watch for how the winning innovations are integrated into the public and private sectors over the next fiscal year.

    Source: The Nation – https://thenationonlineng.net/fed-govt-ericsson-to-launch-connect-nextgen-innovation-hackathon/, February 11, 2026

    Photo credit: The Nation

  • Nigeria and Türkiye Partner to Commercialize Scientific Research

    Nigeria and Türkiye Partner to Commercialize Scientific Research

    According to The Punch, high-level discussions between Nigeria and Türkiye have culminated in a new agreement focused on the commercialization of scientific research. The partnership aims to turn laboratory discoveries into viable commercial products, specifically targeting sectors like agriculture, defense, and manufacturing. The initiative is expected to boost Nigeria’s industrial growth by adopting Turkish technological frameworks and manufacturing processes to scale local innovations.

    The agreement includes exchange programs for researchers and the establishment of “innovation hubs” in major Nigerian cities. Officials from both countries noted that the goal is to reduce Nigeria’s reliance on imported finished goods while creating a robust pipeline for “Made in Nigeria” products destined for the international market. This bilateral cooperation is seen as a key component of the federal government’s 2026 economic expansion agenda.

    This development was also highlighted by Leadership and Tribune. Leadership reported that “the partnership will prioritize tech transfer in the defense sector,” while Tribune mentioned that “funding for the first phase of the hubs has already been secured.”

    Echotitbits take:

    Türkiye has become a strategic middle-power partner for Nigeria, especially in tech and defense. This move toward “commercializing research” suggests Nigeria is moving away from purely academic science toward an industrial-military complex model. Watch for the first “Nigeria-Türkiye” joint venture products in the agricultural machinery space.

    Source: The Punch – https://punchng.com/nigeria-advances-research-commercialisation-talks-with-turkiye/, January 31, 2026

    Photo credit: The Punch

  • AI Poised to Revolutionize Risk Pricing and Fraud Detection in Nigerian Banking

    AI Poised to Revolutionize Risk Pricing and Fraud Detection in Nigerian Banking

    According to The Guardian Nigeria, financial experts are forecasting a major shift in the banking sector as Artificial Intelligence (AI) takes a lead role in real-time risk pricing. Omolade Oke, a prominent industry analyst, stated that AI will soon become the primary tool for fraud detection and personalized liquidity management across major Nigerian banks.

    This technological evolution is expected to significantly reduce the rate of non-performing loans by providing more accurate credit scoring models. Banks are already increasing their tech budgets to integrate these AI solutions, aiming to compete with the rising dominance of fintech platforms.

    BusinessDay supported this outlook, noting that ‘AI will revolutionise risk pricing’ and modernize how banks interact with their customers. Vanguard also reported on the trend, emphasizing that ‘Cardoso’s brilliant monetary management’ is creating the stability needed for such long-term tech investments.

    Echotitbits take: AI is the ‘silver bullet’ for Nigeria’s high credit risk environment. If banks can successfully automate fraud detection, we might finally see a reduction in the massive interest rate spreads that currently make borrowing so expensive for small businesses.

    Source: The Guardian — https://guardian.ng/interview/ai-will-revolutionise-risk-pricing-fraud-detection-and-personalised-liquidity-management-in-real-time-says-omolade-oke/
    The Guardian January 3, 2026

    Photo Credit: The Guardian

  • NCDMB launches innovation challenge, promises prizes and incubation for local solutions

    NCDMB launches innovation challenge, promises prizes and incubation for local solutions

    2026-01-01 07:45:00
    In an update published by Premium Times, the NCDMB kicked off the Nigerian Content Research, Innovation and Technology Challenge (2025/2026), inviting proposals from innovators, academia and suppliers.

    The initiative is positioned as a pipeline into NCDMB’s Technology Innovation and Incubation Centre (TIIC) in Yenagoa, linking innovation to practical industry problems and localisation priorities.

    If implemented well, the programme could deepen local content beyond procurement into prototypes, IP development and scalable industrial solutions.

    Punch also reported NCDMB said it would “award prizes” to Nigerians pursuing content research and technology solutions.

    Energy Focus Report similarly described the programme as an innovation challenge and noted it “promises awards.”

    Echotitbits take:

    The opportunity is real, but scale is the test. Watch for how many winners move from idea to prototype to pilot—and whether funding and offtake contracts follow quickly enough to prevent ‘event-only innovation.’

    Source: Premium Times — December 31, 2025 (https://www.premiumtimesng.com/promoted/846706-ncdmb-kickstarts-nigerian-content-research-innovation-tech-challenge.html)

    Premium Times 2025-12-31

    Photo Credit: Premium Times

  • Abia launches 20 electric buses as Okonjo-Iweala backs green transport push

    Abia launches 20 electric buses as Okonjo-Iweala backs green transport push

    Photo Credit: The Punch
    2025-12-24 08:06:00

    In a report published by PUNCH, Abia State has launched the first batch of 20 electric buses for a green shuttle service, with WTO Director-General Ngozi Okonjo-Iweala joining Governor Alex Otti at the rollout.

    Officials say the programme aims to modernise urban mobility while reducing emissions and improving commuter experience, with deployment expected to be phased as systems mature.

    The major sustainability test is infrastructure—charging points, maintenance capacity, route discipline, and funding to keep the fleet operational beyond the initial headlines.

    Governor Otti said: “We are starting small. Not all 20 buses will be on the road at the same time… As we deploy them, we will learn, adjust and improve.” ARISE TV also quoted Okonjo-Iweala praising the move as “extraordinary.”

    Echotitbits take: This can become a credible model only if reliability is maintained. Watch for charging rollout, service frequency, fare policy, and whether the plan scales into Aba and other economic corridors.

    Source: The Punch— December 24, 2025 (https://punchng.com/okonjo-iweala-joins-otti-for-electric-buses-rollout-in-abia/)
    The Punch 2025-12-24

  • Wema Bank sets ₦120m prize pool for Hackaholics 6.0 grand finale

    Wema Bank sets ₦120m prize pool for Hackaholics 6.0 grand finale

    Photo Credit: Wema Bank Logo – The Nation
    2025-12-14

    According to The Nation, Wema Bank has announced a ₦120 million prize pool for the Hackaholics 6.0 grand finale after regional pitches produced finalist teams, positioning the programme as a pipeline for youth-led innovation.

    The initiative is expected to bring finalists into a competitive showcase where ideas are assessed for product readiness and potential market impact.

    Vanguard also reported the ₦120 million prize pool and quoted Wema Bank leadership on the role of young innovators in shaping technology and nation-building.

    Leadership likewise reported the same prize pool and described it as funding support for finalists advancing to the finale.

    Analysis/Echotitbits take: Prize pools are attractive, but the real value is what happens after the finale—mentorship, pilots, distribution and investor access. Watch for the winning solutions, whether they get real-world deployment opportunities, and whether Wema publishes post-programme outcomes that show scaling beyond the event.

    Source: The Nation — 14 Dec 2025 (https://thenationonlineng.net/wema-bank-unveils-n120m-prize-for-hackaholics-grand-finale/)

  • FG Secures Over ₦6bn Private Funding to Scale 3MTT Tech Training

    FG Secures Over ₦6bn Private Funding to Scale 3MTT Tech Training

    Photo Credit:Punch Newspapers

    The Federal Government has secured more than ₦6 billion in private‑sector commitments to expand the 3 Million Technical Talent (3MTT) programme nationwide. Minister of Communications, Innovation and Digital Economy, Bosun Tijani, said the new funding will support training centres, learning devices and job‑placement pipelines for young Nigerians entering tech careers.

    Partners include local and international firms seeking to build talent for software development, cloud computing, cybersecurity and other in‑demand skills. The government hopes the initiative will position Nigeria as Africa’s tech‑talent hub, deepen digital inclusion and contribute to non‑oil export earnings.

    Source: Punch Newspapers – 11 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 11 Dec 2025 2025-12-11

  • Tinubu Says Nigeria’s Real Wealth Is Citizens’ Creativity, Not Oil

    Tinubu Says Nigeria’s Real Wealth Is Citizens’ Creativity, Not Oil

    Photo Credit:Punch Newspapers

    President Bola Tinubu has declared that Nigeria’s future prosperity depends more on the creativity and innovation of its citizens than on crude oil revenues. Speaking at a public event, he argued that human capital, entrepreneurship and digital skills are the true drivers of a $1‑trillion economy, while natural resources should be treated as enablers rather than the core of national wealth.

    Tinubu urged policymakers, investors and young people to embrace productivity, technology and value‑addition across sectors, pledging continued reforms to remove obstacles facing businesses and innovators. The remarks reinforce the administration’s push for economic diversification and investments in education, tech talent and creative industries.

    Source: Punch Newspapers – 12 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 12 Dec 2025 2025-12-12

  • N50m Equity-Free Student Venture Grant Targets Campus Startups

    The Federal Government has unveiled a Student Venture Capital Grant offering up to ₦50 million in equity-free support for qualifying tertiary students. The initiative is designed to drive campus innovation, prototype development and startup scale.

    Applications reportedly opened in mid-November 2025 and close January 23, 2026, with implementation involving education agencies and development-finance partners.

    2025-12-08

    The Nation

    2025-12-08

  • Lagos inspires innovation, pays over N16 billion pension in one year

    Lagos inspires innovation, pays over N16 billion pension in one year

    The Lagos State Government has initiated an interactive knowledge sharing platform to tap into the wisdom of its pool of civil-servant-staff for novel ideas that will aid the development of the state.

    The platform known as SHIFT Talks, was disclosed Wednesday by the state’s Commissioner for Establishments, Training and Pensions, Ajibola Ponnle at the Ministerial Press Briefing to mark the one year in office anniversary of Governor Babajide Sanwo-Olu held at the JJT park in the Alausa area of Ikeja, Lagos State.

    In her remark to journalists at the event, Ponnle described the initiative as one that will help the State “at harvesting the collective wisdom inherent within the service, showcasing innovation by staff and networking to bridge the inter-ministerial gap”

    Giving further explanation on how the initiative will also celebrate members of the Lagos State Government staff who distinguish themselves by following through on creative ideas, the Commissioner recognised some civil servants who had come up with ideas that aligned with the intent of the initiative in its first edition.

    “Knowledge SHIFTer, like Mrs. Tope George, a lawyer from the Ministry of Justice shared nuggets from a book she authored while Innovation SHIFTer, Seun Ogunmolu, who launched an App he developed, was recognised by Mr. Governor for an excellent performance. It should be worthy of note that Mr. Ogunmolu was advanced to GL 10 as a result of his innovative drive”.

    Giving performance account of her ministry and agencies under her supervision in the last one year, Ponnle noted that the Public Service Staff Development Centre (PSSDC) had by the end of March 2020, designed and implemented a total of 44 Learning and Development programmes for a total of 2,164 Public Service staff to enhance job performance.

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    Among others, She listed the organisation of In-Plant, Tailor-Made Workshops and Seminars, sponsorship of officers for Local and foreign training and approval for Study Leave as programmes implemented to boost the morale of employees.

    Reiterating the commitment of the Sanwo-Olu led government to boost service excellence, the Commissioner noted that: “We have trained a total of 4,210 staff during the year in-class sessions, representing 30% of the cumulative number trained in the previous four years, apart from the over 11,000 participants online”.

    She averred that in order to ensure a safe, conflict-free and productive workplace, the Ministry provided strategic and expert advice on industrial relations and also played an important role in the successful negotiation of the new minimum wage plus consequential adjustments, noting that three months arrears, as agreed, had already been paid to employees between February and April 2020 during the lockdown.

    Ponnle also emphasised that “the Lagos State Government pays more than the Federal recommended minimum wage, which shows the magnanimity of Governor Sanwo-Olu in ensuring that the ‘take-home’ of staff truly take them home”.

    In the area of Pension payments, she affirmed that the State Government has consistently distinguished itself as the leading State in the payment of contributory payment scheme, its management, implementation and administration in Nigeria, while also leading the pack in the full implementation of an increase in employers’ contribution from 7.5% to 10% and employees contribution from 7.5% to 8%.

    She submitted that a total of 4,104 retirees had their accrued pension rights of N16,759,441,707.75 credited into their RSAs between May 2019 to April 2020, saying that the government also approved the release of N13.75billion to fund the Redemption Bond Account, thereby increasing the additional funding rate from 5% to 10% of total annual staff emoluments in order to fully clear the backlog of arrears from the old defined benefit scheme era of pension management by the State.

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    Ponnle stated further that the Lagos State Pension Commission, LASPEC, has commenced the issuance of pensioners ID cards to retirees while additional benefits that will accrue to civil service retirees, who hold ID cards, will be unveiled in due course.

    She reaffirmed the commitment of the Ministry to developing initiatives that will ensure the mandate of a 21st Century-compliant workforce is achieved.