Bola Ahmed Tinubu – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Wed, 04 Mar 2026 18:06:35 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Bola Ahmed Tinubu – Tech | Business | Economy https://techeconomy.ng 32 32 Tinubu Suspends Cashless Airport Payment Policy After Implementation Challenges https://techeconomy.ng/tinubu-suspends-faan-cashless-airport-payment-policy/ https://techeconomy.ng/tinubu-suspends-faan-cashless-airport-payment-policy/#respond Wed, 04 Mar 2026 17:53:15 +0000 https://techeconomy.ng/?p=177219 President Bola Ahmed Tinubu has ordered the suspension of the cashless payment policy recently rolled out at Nigeria’s international airports by the Federal Airports Authority of Nigeria (FAAN). 

The directive comes amid widespread disruption, long queues and gridlock at airport access points, which left travellers frustrated and, in some cases, missing flights.

The policy, branded “Operation Go Cashless”, was introduced earlier this week and required motorists and airport users to pay electronically at toll gates, car parks and other revenue collection points nationwide.

While the move was designed to improve efficiency, reduce revenue leakages and align with broader digital payment reforms, its rapid implementation exposed significant operational challenges, including limited public awareness, card shortages and delays in electronic payment processing, that led to severe congestion at entry and exit points, particularly in Lagos and Abuja.

At the end of a Federal Executive Council meeting, Transportation Minister Festus Keyamo, speaking on behalf of the government, said the President was “concerned about the welfare of Nigerians” and directed that the system be taken back to the drawing board for review and improvement.

He emphasised that the suspension does not signal an outright rejection of cashless transactions, but rather an acknowledgment that the rollout needs to be better planned and executed so as not to inconvenience the travelling public.

Keyamo indicated that the administration may involve private sector partners to help design a more efficient system, suggesting a hybrid approach where those with electronic payment tools can use them, while others may temporarily continue to pay in cash until a seamless digital solution is ready.

The decision stresses the challenge of implementing large-scale digital reforms in high-traffic environments where infrastructure, user readiness, and clear communication are critical for success.

It also highlights the government’s responsiveness to public feedback, even as it continues to pursue broader cashless initiatives across federal revenue systems.

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Tinubu Appoints Joseph Tegbe Chair National Tax Policy Implementation Committee https://techeconomy.ng/tinubu-appoints-joseph-tegbe-chair-national-tax-policy-implementation-committee/ https://techeconomy.ng/tinubu-appoints-joseph-tegbe-chair-national-tax-policy-implementation-committee/#respond Sat, 29 Nov 2025 02:05:14 +0000 https://techeconomy.ng/?p=171860 President Bola Ahmed Tinubu has approved the establishment of the National Tax Policy Implementation Committee (NTPIC).

The committee, which Mr Joseph Tegbe chairs, will ensure the implementation of the administration’s landmark tax reforms in line with the economic aspirations of the government and the people of Nigeria.

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, will oversee the committee’s work.

The Committee will undertake extensive consultations across the public and private sectors to ensure broad-based input into the implementation process.

Its chairman, Tegbe, is a Fellow of both the Institute of Chartered Accountants of Nigeria (FCA) and the Chartered Institute of Taxation of Nigeria (FCIT).

He has over 35 years of professional experience across the public and private sectors, having previously served as a Senior Partner and Head of Advisory Services at KPMG Africa.

Mrs Sanyade Okoli, Special Adviser to the President on Finance and Economy, will serve as the Committee’s Secretary.

Members also include Ismaeel Ahmed, Rukaiya El Rufai, and others.

In establishing the Committee, President Tinubu emphasised that effective implementation of the Tax Acts is central to the nation’s economic transformation agenda and critical to strengthening public finance management while safeguarding the legitimate expectations of investors and the productive sectors.

“These new Tax Acts reflect our administration’s commitment to building a fair, transparent, and technology-driven tax system that supports economic growth while protecting the interests of citizens and businesses.

“The National Tax Policy Implementation Committee will ensure coherent, effective, and well-aligned implementation across all levels of government,” the President stated.

The NTPIC’s mandate emphasises broad stakeholder consultation through nationwide engagements with the private sector, professional bodies, and subnational governments, alongside public awareness campaigns to support effective implementation of the new tax laws.

It also prioritises strong inter-agency coordination by aligning the work of key revenue and regulatory institutions, harmonising existing frameworks with new statutes, and ensuring unified oversight and reporting throughout the transition process.

The Committee comprises experts drawn from tax administration, finance, law, the private sector, and civil society, ensuring a balanced and inclusive approach to policy execution.

The chairman expressed the team’s readiness to work diligently in support of national development.

“We understand the strategic importance of these Tax Acts. Our committee will work closely with all stakeholders to support the Minister of Finance and Coordinating Minister of the Economy in ensuring seamless implementation and building public trust in the tax system,” he said.

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, added:

“With the establishment of this Committee, Mr President has not only set the direction but also provided the authority and support required to reset not just the tax system but the entire fiscal policy framework of Government, to deliver significant economic growth for the benefit of all Nigerians.”

The NTPIC is expected to enhance revenue mobilisation, minimise leakages, and reinforce accountability, thereby strengthening the government’s fiscal sustainability and national development objectives.

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Healthcare: AMCE Opens its Doors to the Public https://techeconomy.ng/healthcare-amce-opens-its-doors-to-the-public/ https://techeconomy.ng/healthcare-amce-opens-its-doors-to-the-public/#respond Sat, 07 Jun 2025 12:54:12 +0000 https://techeconomy.ng/?p=160221 The African Medical Centre of Excellence (AMCE) has officially launched, marking a historic milestone in Africa’s journey towards healthcare sovereignty. 

The $300 million tertiary medical facility, developed by African Export-Import Bank (Afreximbank) in partnership with King’s College Hospital London, welcomed His Excellency President Bola Ahmed Tinubu as guest of honour, represented by His Excellency, Senator Kashim Shettima, vice president of the Federal Republic of Nigeria. 

Other high-ranking Government and private sector officials, who were present at the launch included the Minsters of Health, Finance, and Foreign Affairs, Nigeria Customs Services, Nigeria Immigration Services, Nigerian National Petroleum Corporation Limited (NNPCL) and Bank of Industry (BOI), among others.

Located in Abuja and designed to meet the highest global standards, AMCE Abuja offers world- class services across oncology, haematology, cardiology, and general medical services. 

More than a hospital, the facility represents a bold statement of Africa’s determination to reduce dependence on foreign health systems and reverse the estimated $6-10 billion Africans spend annually seeking treatment abroad.

The opening of AMCE Abuja comes at a critical time, as Africa seeks to strengthen its healthcare systems and reduce reliance on external providers. The COVID-19 pandemic exposed the vulnerabilities of this reliance, with global supply shortages putting immense pressure on African nations. 

Similarly, past responses to health crises like Ebola have reinforced the urgent need for resilient, homegrown solutions. Decades after independence, millions of Africans continue to suffer from diseases like sickle cell and malaria, conditions that could be better managed with targeted local research and investment. 

Yet these illnesses often receive limited global attention or funding, leaving critical treatment gaps. AMCE Abuja represents a bold step forward, bringing world-class care to the continent, centering African health priorities, and laying the groundwork for a healthier, more self-reliant future. 

In strategic partnership with Bank of Industry (BOI), and Nigerian National Petroleum Corporation Limited (NNPCL), AMCE reflects what’s possible when African institutions unite with shared purpose.

Today, we are not merely unveiling a building, we are making a bold, collective statement: we will no longer accept medical vulnerability as destiny. The African Medical Centre of Excellence stands as proof that Africa is ready to compete with the best in global healthcare.

“I commend Afreximbank and its visionary President, Professor Benedict Oramah, and salute the partnership with King’s College Hospital for turning this audacious dream into reality. This is what happens when African institutions confront African challenges with African solutions.

“Over the past two years, we have taken deliberate steps to transform Nigeria’s health sector— from unlocking the healthcare value chain through the Presidential Initiative (PVAC), to expanding pharmaceutical production, regulatory systems, and diagnostic access, and securing over $2.2 billion in new investments through the Nigeria Health Sector Renewal Initiative.

“But excellence must be sustained. That’s why we’re investing in the roads, power, and connectivity that enable great institutions to thrive. With the largest stem cell lab in West Africa and plans for a medical school, this Centre is more than a hospital, it is a place to heal the sick, and to train the future,” H.E. Bola Ahmed Tinubu, GCFR, president and commander-in-chief of the Armed Forces, Federal Republic of Nigeria, represented by H.E. Senator Kashim Shettima, vice president of the Federal Republic of Nigeria.

Commenting on the momentous achievement, Prof. Benedict Oramah, president and chairman of the Board of Directors of both Afreximbank and AMCE, thanked the Federal Government of Nigeria for providing the land on which the AMCE stands, adding: 

“In 2013, I had my own close call when I became seriously ill and was evacuated to King’s College Hospital in London, where a frantic battle to save my life ensued. Being here today is a testament to the power of cutting-edge medical research, clinical knowledge, and a solid healthcare ecosystem.

“The event we mark today is proof that society is better off saving lives than burying its dead, and that it is a living person who can contribute to development and social transformation. 

“This experience led me to conclude that one of the major contributions I could make to Africa was to help Afreximbank deliver on its health and medical strategy in every way possible.

“Our vision for the African Medical Centre of Excellence is not just to provide top-notch healthcare but to serve as a catalyst for the transformation of the African health sector, making a bold statement to the world that Africa is finally taking its destiny into its own hands in healthcare sovereignty and global standards.”

President Oramah also announced the launch of the Africa Life Sciences Foundation, to act as the vehicle for mobilising appropriate risk capital to drive research efforts and called on African and non-African governments, banks, high net worth individuals, and corporate organisations to join the Bank in investing in the hospital through this platform.

Brian Deaver, chief executive officer of AMCE, highlighted the facility’s comprehensive approach: “Today, we don’t just open a hospital, we launch a healthcare revolution for Africa. AMCE represents a paradigm shift in how specialised medical care is delivered on the continent.

“Our integrated model encompasses early diagnosis, advanced treatment, and long-term disease management, creating a seamless continuum of care that improves patient outcomes and health experiences.”

He added: “Our mission extends beyond treatment to include world-class medical education, groundbreaking research, and continuous innovation. By combining international expertise with local talent development, AMCE will build sustainable healthcare capacity that serves generations to come.”

AMCE’s opening signals a new era for Africa, one in which self-reliance replaces dependency, and world-class care is no longer the privilege of a few but the standard for many. 

By anchoring healthcare delivery, talent development, and innovation on the continent, AMCE is not just stemming the outflow of medical dollars, but redefining Africa’s place in the global health ecosystem.

Through its clinical partnerships with King’s College Hospital, London and The Christie NHS Foundation Trust, AMCE will be home to advance research, education, and medical excellence by fostering continuous knowledge exchange. 

In its next phase, AMCE will expand to include a second 350-bed hospital, medical and nursing schools, a medical sciences foundation, research centres, and residential facilities. Together, this integrated ecosystem will position Nigeria as a leading hub for specialist healthcare, medical training, and clinical research on the continent.

Professor Clive Kay, chief executive officer of King’s College Hospital NHS Foundation Trust said, “We are proud to partner with Afreximbank on this important initiative. The African Medical Centre of Excellence represents a positive step forward, and by bringing together world-class clinical standards, training, and research, we aim to share our expertise and support the development of a sustainable model of care that responds directly to the needs of African patients”.

The AMCE currently boasts 170 beds, with plans to expand this to 500 beds upon completion. It features the largest stem cell laboratory in the region, 15 post-stem cell isolation rooms in West Africa, alongside five theatres and three catheterisation laboratories. 

It also features a 20-bed intensive care unit, six critical care unit beds and 20 chemotherapy chairs with a compounding pharmacy among others. Some of the specialised equipment in Nigeria and the region are exclusively hosted by AMCE Abuja. 

They include an 18MeV cyclotron, 3 Tesla Magnetic Resonance Imaging, 256 slices computed tomography, brachytherapy machine with iridium source, four biosafety cabinets and 128 slices computed tomography machines, among other amenities.

Now open, AMCE Abuja welcomes patients, healthcare professionals, researchers, and partners to join its mission of delivering world-class healthcare, fostering innovation, and building a healthier, more self-reliant Africa.

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Bosun Tijani Unveils Four Year Blueprint for Ministry of Communications, Innovation and Digital Economy https://techeconomy.ng/bosun-tijani-unveils-four-year-blueprint-for-ministry-of-communications-innovation-and-digital-economy/ https://techeconomy.ng/bosun-tijani-unveils-four-year-blueprint-for-ministry-of-communications-innovation-and-digital-economy/#comments Mon, 02 Oct 2023 21:03:58 +0000 https://techeconomy.ng/?p=114734 Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy of the Federal Republic of Nigeria, unveiled the draft of the Strategic Blueprint for the Federal Ministry of Communications, Innovation & Digital Economy.

The document is a significant leap towards a digitally empowered Nigeria, aligning seamlessly with President Bola Ahmed Tinubu’s Renewed Hope Agenda.

The Strategic Blueprint, titled “Accelerating our Collective Prosperity through Technical Efficiency”, is not merely a document; it represents a paradigm shift in how Nigeria approaches innovation and technology. Rooted in the values of openness and co-creation, this blueprint is the culmination of extensive consultations with various stakeholders within the ministry, ecosystem partners, and dedicated teams, reflecting the spirit of constructive collaboration.

At its core, the document envisions a Nigeria that thrives in the digital age, creating an environment where innovation and technology catalyze economic diversification and inclusivity. It is a visionary roadmap, aiming not just to inform but to reimagine the very fabric of the nation, fostering equity, openness, and accountability.

The Strategic Agenda 2023-2027 outlines five pillars that form the foundation of this transformative journey:

Under the first pillar, the blueprint seeks to transform Nigeria into a global technical talent hub. This objective is stimulated by initiatives to elevate digital literacy, deepen global research collaborations, and position Nigeria as a giant of technical excellence.

The second pillar emphasizes the critical role of policy in nurturing innovation and entrepreneurship. Thoughtfully designed policies will attract talent and investment, providing a fertile ground for Nigeria’s innovation ecosystem to flourish while ensuring universal access to the benefits of the digital economy.

The third pillar focuses on bolstering digital infrastructure. Recognizing the link between robust digital foundations and economic prosperity, this blueprint prioritizes the expansion of broadband connectivity, efficient spectrum management, and enhancements in critical services. These initiatives will not only connect communities but also empower businesses, fostering economic growth.

In the rapidly evolving global tech landscape, innovation, entrepreneurship, and access to capital are paramount. This pillar outlines initiatives to create an environment conducive to innovation, supporting entrepreneurial ventures and attracting vital capital investments. By staying ahead of the curve, Nigeria’s digital economy will remain vibrant and inclusive.

The final pillar, Trade, aims to elevate Nigeria’s position in the global technology ecosystem. With a focus on technology trade, strategic partnerships, and innovative policies, this blueprint seeks to strengthen Nigeria’s leadership in defining Africa’s digital future. As the ICT sector continues to surge and e-commerce spending rises, this pillar is poised to fuel economic growth.

In unveiling this Strategic Blueprint, the Nigerian Government has set in motion a transformative journey for Nigeria. This document represents a commitment to progress and a clarion call to all stakeholders. As the blueprint unfolds and takes shape, Nigeria stands on the precipice of a digital revolution, ready to embrace the challenges and opportunities of the future.

The question now resonates: Are you ready to be part of this pioneering movement towards a digitally empowered Nigeria? The answer lies in our collective efforts, as we navigate the shadows of cybersecurity and emerge stronger, together.

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Peter Obi, INEC Top Google Nigeria Search Trends Q1 2023 https://techeconomy.ng/peter-obi-inec-top-google-nigeria-search-trends-q1-2023/ https://techeconomy.ng/peter-obi-inec-top-google-nigeria-search-trends-q1-2023/#respond Tue, 11 Apr 2023 12:32:37 +0000 https://techeconomy.ng/?p=99605
  • Google reveals top searches that captured the interest of Nigerians in the first three months this year
    • Peter Obi, INEC, ‘Who is your guy?’ by Spyro, ‘When is Easter 2023’ and ‘How to check my polling unit’ topped trending searches by Nigerians in the first quarter of 2023


    A captivating blend of politics, pop culture, and curiosity swept across the Nigerian digital landscape in the first quarter of 2023, as revealed by Google’s top search trends.

    Political intrigue reached a fever pitch as Nigeria’s general elections unfolded, captivating the nation’s attention.

    Held on February 25th, these pivotal elections determined the president, vice president, members of the Senate and House of Representatives, as well as state governors in 31 out of 36 Nigerian states.

    Among the most searched individuals, Peter Obi, the Labour Party presidential candidate, captured the top spot, outpacing even Bola Ahmed Tinubu, the president-elect of Nigeria. Atiku Abubakar, the People’s Democratic Party (PDP) presidential candidate, claimed the fifth position.

    The Independent National Electoral Commission (INEC) emerged as the most searched entity between January and March, with Peter Obi and the Central Bank of Nigeria (CBN) closely following. The CBN’s currency redesign prior to the elections undoubtedly contributed to its prominence.

    Peter Obi Google Search trends Q1 2023
    Source: Google Search Trends (Nigeria)

    In the realm of music, homegrown talent took center stage as Nigerians avidly sought out the latest tunes. Spyro‘s infectious hit, ‘Who is your guy?’ claimed the top spot, with Ruger‘s ‘Asiwaju‘ and ‘Carry me go‘ by Boy Spyce and Khaid securing second and third places, respectively.

    Peter Obi Google Search trends Q1 2023
    Source: Google Search Trends (Nigeria)

    The nation’s collective curiosity was also evident in the top trending questions, which ranged from ‘When is Easter 2023?’ and ‘When is WAEC 2023 starting?’ to ‘How to check my polling unit?’ and ‘Who is the President of Nigeria?’. Unsurprisingly, the popularity of Spyro’s song sparked the question, ‘Who is your guy?’, further showcasing Nigeria’s deep-rooted love for the tune.

    Here are the complete lists of top trending searches reflecting the diverse interests of Nigerians during the first quarter of the year:

    Peter Obi Google Search trends Q1 2023
    Source: Google Search Trends (Nigeria)

    Search trends information is gleaned from data collated by Google based on what Nigerians have been searching for and asking Google.

    Google processes more than 40, 000 search queries every second. This translates to more than a billion searches per day and 1.2 trillion searches per year worldwide. Live Google search trends data is available here.

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