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Why Terra Industries Had to Go to Silicon Valley, By Olumide Awoyemi

When Terra Industries, a Nigerian defence technology startup, recently announced an $11.75 million funding round led by Silicon Valley venture firm 8VC, many celebrated it as a triumph of Nigerian innovation. Co-founded by 22-year-old Nathan Nwachuku and 26-year-old Maxwell Maduka, Terra is currently protecting assets valued at approximately $11 billion across Nigeria—hydropower plants, mines, and…

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NASENI Launches Inter-Agency Innovation Competition for MDAs

The National Agency for Science and Engineering Infrastructure (NASENI) is excited to announce the launch of an Inter-Agency Innovation Competition & Awards aimed at harnessing innovation, promoting collaboration and creativity among Ministries, Departments, and Agencies (MDAs) of the Federal Government. NASENI has the statutory mission “to develop and maintain a dynamic infrastructure to drive Nigeria’s…

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The Paper Paradox: Breaking the “Regime” of Stagnation in Nigerian Pharma Manufacturing, By Olumide Awoyemi

In the bustling industrial estates of Ikeja, Agbara, and Ota, a quiet crisis is unfolding. It is not a crisis of capability; Nigerian pharmaceutical manufacturers are among the most resilient and resourceful in the world. It is not a crisis of demand—with a population of over 200 million, the market for essential medicines is vast…

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Why locally made goods can’t compete with Imports, By Olumide Awoyemi

Walk into any policy discussion on Nigerian manufacturing, and you’ll hear the same refrain: local producers need protection from imports. Poultry farmers want tariffs on frozen chicken. Fish processors demand import restrictions. Local refineries want tariffs on imported fuel. Textile manufacturers plead for border controls. The pattern repeats across nearly every sector of the economy….

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Shelter Afrique Development Bank Gets New Board Leadership

Shelter Afrique Development Bank (ShafDB), the Pan-African Multilateral Development Bank (MDB) dedicated to promoting and financing housing, urban development and related infrastructure, has announced the election of Mr. Lionel Zinsou as Chairman of the Board of Directors and Mr. Said Athman Mtwana as Vice Chairman. The elections were concluded during the 149th Meeting of the Board of…

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NCC Wins 2025 WSIS Prize

Nigeria, through the Nigerian Communications Commission (NCC), has won the 2025 World Summit on the Information Society (WSIS) prize for its project, the Digital Awareness Programme (DAP), under Category C3, which is on Access to Information and Knowledge. The DAP, one of hundreds of projects submitted for the WSIS Prizes competition 2025, received the highest…

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