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Adebayo Ogunlesi Eyes Investments in Nigeria’s Ports, Aviation Sectors

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Renowned Nigerian-born investor and global infrastructure financier, Adebayo Ogunlesi, has indicated strong interest in channeling fresh investments into Nigeria’s ports and aviation sectors, a move analysts believe could significantly boost the country’s transport infrastructure and trade competitiveness.

 

Ogunlesi, who is the Chairman and Managing Partner of Global Infrastructure Partners (GIP) — one of the world’s largest infrastructure investment firms — disclosed his intentions during high-level discussions with Nigerian government officials and key industry stakeholders this week.

 

According to sources familiar with the talks, the investment focus will include the modernization of seaports, expansion of cargo handling facilities, and upgrades to critical aviation infrastructure, particularly airports and air cargo hubs.

 

> “Nigeria’s strategic position as Africa’s largest economy and a key regional trade hub makes it essential to invest in world-class infrastructure. Efficient ports and aviation facilities are vital for unlocking economic growth and attracting global business,” Ogunlesi was quoted as saying.

 

Global Infrastructure Partners, which manages over $100 billion in assets, has a track record of acquiring and operating some of the world’s busiest airports and terminals, including London’s Gatwick and Edinburgh airports. Analysts say Ogunlesi’s potential entry into Nigeria’s infrastructure landscape could bring global best practices, financing models, and operational efficiencies that the country urgently needs.

 

Nigeria’s ports and airports have long faced challenges such as congestion, outdated facilities, bureaucratic bottlenecks, and insufficient capacity to handle the growing volume of trade and passenger traffic. Industry experts argue that private sector-led investments, particularly from experienced global players, could help bridge critical infrastructure gaps.

 

Government officials welcomed Ogunlesi’s interest, noting that Nigeria is aggressively pursuing public-private partnerships (PPPs) to revamp its transport sector. The Federal Ministry of Aviation and Aerospace Development recently announced plans to concession several airports to private operators, while the Nigerian Ports Authority (NPA) has also been pushing reforms to attract foreign investment.

 

Economic analysts believe Ogunlesi’s involvement could serve as a confidence boost to other international investors who have been hesitant about Nigeria due to regulatory uncertainties and infrastructure deficits. His reputation as one of the most successful African financiers on Wall Street is expected to add weight to the country’s investment appeal.

 

If realized, the investments could not only expand Nigeria’s role as a regional logistics hub but also create jobs, lower the cost of doing business, and enhance connectivity across West Africa.

 

Implementation details and timelines are yet to be finalized, but sources say exploratory studies and feasibility assessments are already underway.

 

Niger State Signs Multi-Billion Dollar Agricultural MoU with Republic of Benin

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The Niger State Government has entered into a landmark multi-billion dollar agricultural agreement with the Republic of Benin, a deal officials say will boost food security, strengthen cross-border trade, and position the state as a hub for agro-industrial development in West Africa.

 

Governor Mohammed Umaru Bago disclosed the development on Thursday during a press briefing in Minna, noting that the Memorandum of Understanding (MoU) covers large-scale crop production, irrigation farming, agro-processing, and export-focused value chains.

 

> “This partnership with the Republic of Benin is historic. It will not only transform agriculture in Niger State but also expand regional cooperation for food sufficiency across West Africa,” Governor Bago said.

 

 

 

According to the governor, the agreement involves joint investments in mechanized farming, fertilizer production, and research collaboration between Niger State’s agricultural institutions and Benin’s Ministry of Agriculture. The initiative is also expected to unlock opportunities for private sector participation, with both Nigerian and Beninese agribusinesses invited to take part in the projects.

 

Officials revealed that the MoU is designed to leverage Niger State’s vast arable land and water resources—particularly along the River Niger—while tapping into Benin’s growing demand for agricultural imports. The partnership will focus on staples such as rice, maize, and soybeans, as well as livestock and fisheries.

 

Economists say the cross-border deal could generate thousands of jobs, increase internally generated revenue for Niger State, and enhance Nigeria’s standing in regional agricultural trade. The agreement is also expected to reduce reliance on food imports, improve access to export markets, and encourage technology transfer in modern farming techniques.

 

The Republic of Benin’s Minister of Agriculture, who signed on behalf of his government, described the agreement as a “win-win for both nations,” stressing that closer agricultural cooperation would contribute to regional stability and prosperity.

 

The MoU comes at a time when Nigeria is seeking to diversify its economy away from oil dependence, with agriculture identified as a key driver of sustainable growth. Niger State, with its expansive farmlands and proximity to international borders, is seen as a strategic location for scaling up food production and agro-industrial ventures.

 

Observers note that the deal underscores the growing trend of subnational governments in Nigeria entering international partnerships to drive development, bypassing bureaucratic delays often associated with federal negotiations.

 

Implementation details, including timelines for project rollout and funding structures, are expected to be announced in the coming weeks.

 

NYSC: Corps Members Contribute ₦14 Billion Annually to Lagos Economy

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The National Youth Service Corps (NYSC) has revealed that corps members deployed to Lagos State contribute an estimated ₦14 billion annually to the state’s economy through their activities, service, and consumer spending.

 

The disclosure was made by the Lagos State NYSC Coordinator during a stakeholders’ forum in Ikeja, where government officials, employers, and private sector representatives gathered to review the scheme’s impact on the state. According to the Coordinator, the financial injection comes from corps members’ allowances, stipends, and wages, as well as their expenditure on accommodation, feeding, transportation, and other services during their one-year mandatory service.

 

> “Every year, corps members stationed across Lagos inject billions into the local economy through their daily needs and community development projects. Beyond the monetary value, their skills, manpower, and volunteer efforts strengthen the state’s workforce and social development,” the Coordinator said.

Analysts say the NYSC’s impact is particularly visible in sectors such as education, healthcare, ICT, and agriculture, where corps members are routinely deployed to fill critical manpower gaps. In Lagos, many schools, hospitals, and businesses rely on the annual influx of graduates to bridge staffing shortages, especially in underserved communities.

The NYSC also emphasized that beyond financial contributions, corps members have been instrumental in community development through projects that improve access to education, sanitation, and health services. In recent years, youth corps members in Lagos have constructed boreholes, renovated schools, organized literacy classes, and conducted public health campaigns.

The Lagos State Government has welcomed the figures, describing corps members as “vital contributors to the state’s socio-economic growth.” Officials noted that the annual ₦14 billion injection underscores the importance of sustaining and strengthening the NYSC scheme, even amid debates about its relevance in today’s economy.

Stakeholders further urged the government to expand opportunities for corps members in entrepreneurship and digital skills development, so that their impact extends beyond service year into long-term wealth creation.

Since its establishment in 1973, the NYSC has deployed millions of Nigerian graduates to various parts of the country to promote unity, foster national integration, and provide temporary manpower support in key sectors. Lagos, being the nation’s commercial hub, attracts a high number of corps members annually, making its economic footprint particularly significant.

With youth unemployment still a pressing challenge, experts argue that the NYSC’s contributions—both financial and developmental—should be better leveraged to strengthen Nigeria’s economy while addressing critical social needs.

 

Meta Seeks Out-of-Court Settlement with NDPC Over $32.8 Million Data Privacy Fine

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Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, is reportedly in talks with Nigeria’s National Data Protection Commission (NDPC) to secure an out-of-court settlement following a hefty $32.8 million sanction imposed on the company for alleged data privacy violations.

 

The sanction, announced earlier this year, stems from what regulators described as Meta’s failure to fully comply with Nigeria’s Data Protection Act. The NDPC accused the social media giant of mishandling user information, breaching consent rules, and failing to meet local compliance standards designed to safeguard citizens’ personal data.

 

Rather than engage in prolonged litigation, sources close to the matter told Nairametrics that Meta has opted for a conciliatory approach, signaling its willingness to work with Nigerian authorities to resolve the dispute. Negotiations are said to be ongoing, with discussions centered on potential reductions to the fine, timelines for compliance, and commitments to stronger data governance measures.

 

> “We are engaging with the NDPC in good faith to address their concerns and ensure our platforms operate in line with Nigeria’s data protection requirements,” a Meta spokesperson was quoted as saying.

 

 

 

The NDPC, established under the Nigeria Data Protection Act 2023, has recently intensified enforcement against global tech firms operating in the country, as part of efforts to strengthen digital rights and user privacy. The commission has stressed that its actions are not targeted at stifling innovation but aimed at ensuring accountability and transparency in the digital economy.

 

Analysts suggest that Meta’s move to pursue an out-of-court resolution reflects a broader shift by tech multinationals toward cooperation with African regulators, who are increasingly asserting their authority in the data economy. Industry experts say the outcome of this case could set a significant precedent for how global platforms engage with Nigeria’s fast-growing digital ecosystem.

 

The sanction against Meta also highlights growing global scrutiny over Big Tech’s handling of personal data. In recent years, regulators in Europe and other jurisdictions have levied multibillion-dollar fines against major technology firms for similar privacy breaches.

 

As discussions continue, it remains unclear whether the NDPC will agree to reduce the penalty or impose additional compliance obligations on Meta. However, both parties have expressed optimism that a settlement will be reached without resorting to prolonged legal battles.

 

If successful, the resolution could mark a turning point in how Nigeria enforces data protection laws, balancing regulatory oversight with the need to attract foreign investment into its digital economy.

 

 

 

 

Jeff Bezos Predicts Artificial Intelligence Boom Will Reshape Global Economy Despite Bubble Concerns

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Amazon founder Jeff Bezos has expressed confidence that artificial intelligence (AI) will profoundly reshape the global economy, even as concerns mount that parts of the industry may be overheating.

 

Speaking at a recent technology forum, Bezos said that while the rapid rise in valuations and investments in AI companies bears some hallmarks of a speculative bubble, the underlying technology is too transformative to be dismissed as a passing trend.

 

> “Like every major technological wave, there will be excesses, and some businesses will fail,” Bezos said. “But the long-term impact of AI on productivity, commerce, and daily life will be far greater than the short-term turbulence.”

 

 

 

Bezos likened the current AI boom to previous technology revolutions such as the dot-com era, where early exuberance led to significant market corrections but ultimately paved the way for some of the world’s most valuable companies. He argued that advances in machine learning, generative AI, and automation will unlock new efficiencies across industries ranging from healthcare and finance to manufacturing and retail.

 

Despite investor fears of inflated valuations, Bezos insisted that the “signal” of AI’s true economic potential remains strong. He predicted that companies able to harness the technology responsibly would gain a decisive competitive edge, while nations that fail to adapt risk being left behind in the global race for innovation.

 

Analysts note that Bezos’s perspective reflects a broader sentiment among tech leaders who acknowledge the volatility of the AI investment landscape but remain bullish on its transformative capacity. Global spending on AI is projected to surpass $500 billion annually by 2027, according to market research firms, underscoring the sector’s momentum.

 

Still, industry experts warn that regulatory, ethical, and security challenges could complicate adoption. Calls for stronger guardrails around data privacy, bias mitigation, and workforce disruption continue to grow.

 

For Bezos, however, the trajectory is clear: “The bubble will burst, but the revolution will endure.”

 

 

 

 

Spangler Market & Vent Founder, Purity Abhulimhen, Secures 30 Million Naira Ambassadorial Deal with Nigeria’s Jugowsburg Food

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FOR IMMEDIATE RELEASE

 

Spangler Market & Vent Founder, Purity Abhulimhen, Secures 30 Million Naira Ambassadorial Deal with Nigeria’s Jugowsburg Food

By Adenike Fagbemi

 

Purity Abhulimhen, the visionary founder of Spangler Market & Vent, a thriving online community that has transformed numerous businesses, has inked an impressive 30 million naira ambassadorial deal with Jugowsburg Food, a proudly Nigerian brand.

The signing event, which took place at Jugowsburg’s Lagos headquarters Ovwe the weekend saw the company’s CEO Joy Ndubuisi praise the immense impact Spangler Market and Vent has had on the growth of their business.

 

Jugowsburg Food, a brand built on the foundation of quality and innovation, recognized the potential of partnering with Spangler Market & Vent, a platform that has become synonymous with entrepreneurial success.

 

The ambassadorial deal will see Purity Abhulimhen representing Jugowsburg Food and promoting its range of products to her vast and ever-growing community of entrepreneurs for one year subject to renewal.

During the signing ceremony, the CEO of Jugowsburg Food, Joy Ndubuisi emphasized the significance of this collaboration, stating, “Spangler Market and Vent has proven to be a game-changer for businesses like ours as 75% of Jugowsburg customer base came through the online platform. We are thrilled to be working with Purity Abhulimhen, whose passion for empowering entrepreneurs aligns perfectly with our brand values.”

 

Purity Abhulimhen expressed her gratitude for the opportunity, acknowledging the hard work and dedication of her team, as well as the vibrant community of entrepreneurs that has made Spangler Market & Vent a resounding success.

She said, “This partnership with Jugowsburg Food is a testament to the power of collaboration and the impact that a strong, supportive community can have on businesses.”

 

As the partnership unfolds, both Purity Abhulimhen and Jugowsburg Food are poised to inspire a new wave of entrepreneurship and innovation in Nigeria and beyond.

 

This groundbreaking collaboration promises to further strengthen the bond between these two trailblazing entities and their shared vision for the future of Nigerian businesses.

Spangler Market & Vent is a dynamic online community founded by Purity Abhulimhen, providing a platform for entrepreneurs to connect, grow, and thrive.

 

Through shared experiences, resources, and support, Spangler Market & Vent has become a hub for businesses seeking to scale their operations and achieve success.

 

It is apt to note that the lover of SMEs and influencer, Purity recently made a groundbreaking stride by hitting the highest rank (Platinum) of Multistream TM Ltd pay plan for September, thus, qualifying for the 1 Star Diamond & 2 Star Diamond for the month.

 

Jugowsburg Food on the other hand, is a Nigerian-owned brand specializing in high-quality food products that celebrate the nation’s rich culinary heritage. With a commitment to excellence and innovation, Jugowsburg Food has earned a reputation for delivering exceptional taste and customer satisfaction.

Tacha Akide: From Zero to Unstoppable, Ready to Break a Guinness World Record

In the relentless grind of Nigeria’s entrepreneurial jungle, where dreams collide with doubt and hustle is the only currency that counts, few stories ignite like Tacha Akide’s. Born Anita Natacha Akide, in the vibrant chaos of Port Harcourt, Rivers State, this unfiltered force didn’t inherit silver spoons or spotlight connections. She started from absolute zero: a young girl with fire in her belly, turning scraps of ambition into a sprawling empire

Tacha Akide: From Zero to Unstoppable, Ready to Break a Guinness World Record

Tacha’s hustle is legendary. Not the flashy kind, but the raw, relentless, every-single-day grind that built her Instagram throne even before Big Brother Naija whispered her name. Today, she isn’t just a media mogul and philanthropist. She is the blueprint for turning “nothing” into everything, now capping her ascent with a bold Guinness World Record attempt that is set to redefine beauty and boldness in Africa. From hawking dreams online to headlining a festival backed by Lagos State itself, Tacha’s growth isn’t linear. It’s explosive, unstoppable, and everywhere.

The Zero-Hour Hustle: Port Harcourt Roots to Instagram Queen

Tacha’s origin story is an underdog anthem. No trust fund, no nepotism, just a teenager in Port Harcourt dreaming beyond the oil rigs on her skyline. Raised in a modest family, she hit the ground running early, channeling grit into empire-building before reality TV came knocking.

By her early 20s, Tacha was already a social media savant, turning Instagram into her marketplace. She hustled everything: trendy clothes, human hair extensions, beauty accessories, while winning loyalty through unfiltered vlogs and candid rants. “I was just a girl with a phone and a plan,” she once said, but in truth, it was sweat equity. Long nights packaging orders, viral shoutouts, and authenticity that transformed followers into superfans.

Tacha Akide: From Zero to Unstoppable, Ready to Break a Guinness World Record

By 2019, when she stormed BBNaija as Symply Tacha, she wasn’t an amateur. She was already a brand. Even after her infamous Day 90 disqualification, she flipped the script. What could have ended others became her rocket fuel. Her followers skyrocketed from 100K to millions overnight, setting the stage for empire expansion.

The Empire Explosion: From Vendor to Global Brand Boss

Post-BBNaija, Tacha proved that resilience and vision fuel reinvention. She evolved into a multi-hyphenate powerhouse: media personality, entrepreneur, philanthropist, and now, a record-breaking force.

  • Power Tacha (2023): Her suction-cup wireless power bank became a sold-out lifesaver for hustlers on the move.
  • Fashion Line: Edgy, street-savvy, and inspired by her Instagram roots, endorsed by global fitness brand GetFitNg.
  • Cool FM Host: Owning the mic with her unfiltered takes and empowerment talks.
  • Tacha FC: A football initiative uplifting underdogs, mirroring her own journey.

But Tacha doesn’t just cash in, she gives back. Her philanthropy supports scholarships, women empowerment initiatives, and grassroots opportunities, ensuring no girl repeats her struggle without a lifeline. By 2024, she relocated to the UK, expanding her reach globally while keeping her Nigerian roots alive. With a self-earned garage of a Mercedes C300 and Range Rover, she embodies the mantra she preaches: “Secure your bag, ladies. No 50/50 with anybody.”

The Ultimate Power Move: Guinness World Record & Beauty Festival

If her journey were a movie, the climax is here. From October 10–12, 2025, at the John Randle Centre for Yoruba Culture & History, Lagos, Tacha headlines the Tacha Beauty Festival, a free 3-day mega event featuring workshops, expos, and cultural showcases, tapping into Nigeria’s ₦1 trillion beauty industry.

But the showstopper is her audacious attempt at the Guinness World Record for Most Cosmetic Makeovers in 24 Hours, a staggering 150+ faces in one marathon sprint.

Backed by the Lagos State Government, this isn’t just a record attempt, it is a statement of African creativity. “This is about breaking barriers and proving African talent owns the stage,” Tacha declared.

Fans are already ablaze with hype:
🔥 “From Port Harcourt hustler to Guinness Queen, history is loading!”
🔥 “Tacha’s 150+ makeovers? She’s not human, she’s HISTORY!”

If she succeeds (and with Tacha, odds are guaranteed), this moment cements her not just as a celebrity, but as a global cultural force.

The Hustler’s Crown: Everywhere & Eternal

From zero-capital Instagram flips to global beauty mogul, Tacha Akide is the definition of major hustling. Her story proves success isn’t about luck, it’s about grit, execution, and the refusal to quit.

She wears the hustler’s crown: fearless, unapologetic, and unstoppable. Tacha isn’t just winning, she’s rewriting the playbook for African excellence.

Ghana Embarks on $12 Billion Jomoro Petroleum Project, First Phase of Ambitious Petroleum Hub Development

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Accra, Ghana — Ghana has taken a decisive step toward establishing itself as West Africa’s petroleum hub with the launch of the $12 billion Jomoro Petroleum Project, the first phase of the country’s multi-billion-dollar Petroleum Hub initiative.

The project, situated in the Jomoro Municipal area of the Western Region, officially broke ground in August 2024. It is being developed as a large-scale, private-sector-led venture and represents one of the most ambitious energy infrastructure investments in Ghana’s history.

The first phase comprises the construction of a 300,000-barrel-per-day oil refinery, an integrated petrochemical plant, and extensive port and storage facilities. Together, these installations are designed to reduce regional dependence on imported fuel, strengthen energy security, and provide a foundation for downstream industrial growth.

Authorities say the hub will not only position Ghana as a central player in West Africa’s petroleum trade but also stimulate broader economic activity through industrial linkages, technology transfer, and new export opportunities.

The Jomoro Petroleum Project is being executed by a consortium that includes Touchstone Capital Group Holdings and UIC Energy Ghana. It is part of a larger development scheme estimated at $60 billion, to be rolled out in phases over the coming years.

Government officials and industry stakeholders have highlighted the project’s potential to generate thousands of direct and indirect jobs, increase foreign exchange earnings, and make Ghana a strategic supply point for petroleum products across the subregion.

If fully realized, the Petroleum Hub is expected to transform the Western Region into an energy and industrial corridor, anchoring Ghana’s long-term growth and strengthening its role within Africa’s evolving energy landscape.

Ethiopia Inaugurates Ogaden LNG Project, Lays Foundation for Fertilizer and Refinery Plants in Somali Region

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Addis Ababa — Ethiopia has formally inaugurated the first phase of the Ogaden Liquefied Natural Gas (LNG) Project in Calub, Somali Regional State, marking a major step in the country’s ambitions to harness its vast natural gas reserves for industrial and economic transformation.

Prime Minister Abiy Ahmed (PhD), who presided over the inauguration on Friday, described the development as “a historic moment for all Ethiopians.” The first phase of the project will produce 111 million liters of LNG annually, with a second phase already under way that will expand capacity to 1.33 billion liters per year.

“This facility is not just a gas project,” Abiy said. “It generates 1,000 megawatts of energy, supplies vital inputs for fertilizer production, and provides resources for our energy and crypto-mining initiatives. It represents food sovereignty, energy security, and industrial progress in one.”

The Ogaden LNG initiative is part of a broader package of mega projects valued at $10 billion, all launched in the Somali Region on the same day. The Prime Minister reaffirmed his government’s commitment to completing these projects, stating, “We have always been committed to finishing what we start.”

In addition to the LNG facility, Abiy laid the foundation stone for two critical plants: a urea fertilizer complex and a crude oil refinery. The fertilizer project will be developed through a $2.5 billion partnership between Ethiopian Investment Holdings (EIH), the government’s sovereign wealth and investment arm, and Nigeria’s Dangote Group. Located in Gode, the plant is expected to produce 3 million tons of fertilizer annually, using natural gas from the Kallu field, transported through a 108-kilometer pipeline.

The refinery, to be constructed by China’s Golden Concord Group, is designed to process crude oil from the Hilal field, with an annual capacity of 3.5 million tons of refined fuel.

According to government officials, the fertilizer and refinery projects will position Ethiopia among the world’s top fertilizer producers, create thousands of jobs, and provide reliable supplies to farmers. The broader Petroleum and Energy package is also expected to ease the country’s import burden and reinforce Ethiopia’s role as an emerging player in regional energy markets.

Analysts view the projects as a strategic turning point for the Somali Region, long seen as a peripheral zone, now poised to become an industrial and energy hub with regional and global significance.

Big Brother Naija Season 10: Housemate Dr. Faith Disqualified

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Lagos, October 2, 2025 — The Big Brother Naija reality show took an unexpected turn on Thursday with the disqualification of housemate Dr. Faith from the ongoing Season 10.

The announcement was delivered by Big Brother during a live broadcast, bringing an abrupt end to Dr. Faith’s stay in the house. While the organisers did not immediately disclose the specific reasons behind the decision, they emphasized that the disqualification was in line with the show’s rules and code of conduct, which all housemates are required to uphold.

Dr. Faith’s exit has dramatically altered the dynamics of the competition, with fans and fellow contestants reacting in shock to the development. Social media platforms lit up shortly after the news broke, with supporters expressing disappointment while others debated the possible triggers for the ruling.

A strong personality in the house, Dr. Faith had been seen by many as a contender for the grand prize. Her departure is expected to shift strategies, alliances, and the overall atmosphere among the remaining contestants as the season progresses toward its finale.

Organisers of Big Brother Naija reaffirmed their commitment to fairness, noting that the integrity of the show relies on consistent enforcement of its rules.

With Dr. Faith’s disqualification, anticipation now builds around how the remaining housemates will adjust and what new twists may define the closing stages of Season 10.