Railways boss, Opeifa outlines bold new future - ITREALMS

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The Managing Director of the Nigerian Railway Corporation (NRC), Dr. Kayode Opeifa, has declared that the era of "down times" for Nigeria’s rail system is officially over, reports ITREALMS.

Addressing a national audience on TVC’s Politics Tonight monitored on Thursday, March 5, 2026 by ITREALMS, Opeifa detailed an aggressive roadmap of expansion, modernization, and accountability aimed at transforming the NRC into the backbone of Nigeria's economic corridors.

NLNG outlines path to sustainable LNG @World LNG Summit: Calls for global action to end energy divide - ITREALMS

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The Nigeria Liquefied Natural Gas (NLNG) Limited has called for a new era of global cooperation across the LNG value chain to ensure sustainable energy security, improve affordability for emerging economies, and maintain natural gas as a central component of a balanced global energy mix, reports ITREALMS.

Speaking at the World LNG Summit & Awards in Istanbul, Turkey, the Managing Director and Chief Executive Officer of NLNG, Philip Mshelbila, participated in a panel titled “Energy Expansion in a Challenging Global Trade Environment.”

Palace outlines coronation activities for Owa Adesuyi Haastrup - ITREALMS

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The Palace of the Owa Obokun Adimula and Paramount Ruler of Ijesaland has outlined series of activities leading to the coronation of His Imperial Majesty, Owa Clement Adesuyi Haastrup, Ajimoko III, as the 41st monarch of the Kingdom, reports ITREALMS. 

This was announced in a statement by Chief Shola Oshunkeye, Chairman, Media and Publicity Sub-Committee of the Coronation Committee.

IXPN outlines 2024 achievements @MEF25 - ITREALMS

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The critical infrastructure for keeping Nigerian internet traffic within the country, the Internet Exchange Point of Nigeria (IXPN), has announced its achievements in previous year and plans for 2025, report ITREALMS.

The chief exexutive officer (ceo) at IXPN, Mr. Muhammed Rudman, made this known at the 2025 Members Engagement Forum (MEF2025) in Lagos, noting that it provides a valuable platform for collaboration, interaction, and sharing IXPN milestones with its members. 

Kyari outlines vision for Nigeria's energy, plans 12 CNG stations loading - ITREALMS

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The Group CEO of NNPC Ltd, Mele Kyari has reiterated the company's commitment to resolving Nigeria's energy trilemma, by ensuring energy security, sustainable growth and energy affordability.

Kyari disclosed this at the opening ceremony of the 42nd Nigeria Association of Petroleum Explorationists (NAPE) Annual International Conference and Exhibition themed: "Resolving the Nigeria Energy Trilemma: Energy Security, Sustainable Growth and Affordability" in Lagos, on Monday.

Alliance outlines path to improve HPV vaccines - ITREALMS

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A new Gavi market shaping roadmap for Human Papilloma-Virus (HPV) vaccines showcases how partners, manufacturers and countries must work together to secure a sustainable supply over the next decade.

The action plan outlines how this can be achieved by improving the predictability of demand, a competitive supplier base, and closely monitoring and responding to countries’ needs.

Meta Platforms outlines new rules of engagement for EU users - ITREALMS

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The Meta Platforms has revealed new outlines on how to comply with the European Union (EU) Digital Markets Act (DMA) for users of its services in the region, reports ITREALMS.

This, Meta disclosed to include offering Facebook and Instagram users more choices on how they could manage their services jointly or independently.

ES @NCDMB visits NUPRC, NIACOM, outlines collaboration opportunities - ITREALMS

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The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Tuesday visited the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe and the Commissioner for Insurance of the National Insurance Commission (NAICOM), Mr. Sunday Olorundare Thomas at their respective offices in
Abuja.

The visit by the new NCDMB boss was aimed at familiarizing himself with chief executives of institutions that are represented on the NCDMB’s Governing Council as well as exploring areas of collaboration.

Global vaccine alliance outlines roadmap to sustainable cholera vaccine supply - ITREALMS

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Gavi, the Vaccine Alliance has published a roadmap outlining critical actions needed to ensure supply of oral cholera vaccine (OCV) is able to meet growing demand from countries.

Gemsbok boss endorses Peter Obi presidency, outlines 10-point strategies to woo north – ITREALMS

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South African-based Nigerian cybersecurity expert and chief executive officer of Gemsbok Group, Mr. Charles Awuzie has endorsed the candidacy of Mr. Peter Obi as the presidential flagbearer of the Labour Party in the 2023 elections, reports ITREALMS.

Awuzie who also is a member of Forbes Business Council Member and leader of #Transhumanism in Africa, outlined a 10-point strategies on how to sell Peter Obi to Nigerians, especially the north.

Digital Literacy: Canon African Frontiers outlines vital needs - ITREALMS

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Covid-19 has accelerated education’s digital transformation, highlighting Africa’s digital divide – and exposing the vital need for all-inclusive digital literacy, say expert panelists at the inaugural session of Canon’s groundbreaking thought leadership series, reports ITREALMS.

As a result of the pandemic, online learning has provided a critical lifeline to learners affected by the worldwide closure of schools. This has, in turn, highlighted numerous social inequalities – not least the digital divide faced by the millions of students who lacked access to tools or resources and were unable to engage in remote learning.

Umerah outlines agenda for Awka Town indigenes in Lagos - ITREALMS

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Emma Umerah Nwobum, founder, Neskar Maritime Nigeria Limited, has promised to initiate people-oriented programme that would lead the town to optimal growth and prosperity if elected as the president, Awka Development Union (ADU), Lagos branch in 2019, reports ITREALMS.

Nwobum, also chief executive officer, Emmajanefrances Nigeria Limited, said he already has a comprehensive plan to empower especially the youth and the women folks.

Leaning heavily on his wealth of experience of being member of many professional bodies and service in different capacities, Nwobum, pledged to ensure that every member of ADU Lagos branch is catered for.

According to him, if the young people were empowered, they would contribute to the development of Awka and indeed the country.

“Apart from youth empowerment, my administration would also focus on building structures that succeed my tenure” Nwobum added.

He said that “The Awka man is known for hard work and honesty, it is time rebuild our town starting with the building of image and integrity. We must galvanise the talents and culture of our people, we must do this for posterity”

Nwobum, is from Umudioka Village, Awka and attended Igwebuike Grammar school Awka.

He also attended University of Benin, where he obtained Bsc in Accountancy and University of Nigeria where he obtained MBA Marketing.

Nwobum is a recipient of Higher Diploma in Humans Resources Management from University of Lagos and is a Fellow of Chartered institute of Administration (FCIA); Full member Nigeria Institute of management (MNIM).

To cap his education, he also attended London Business School; Nanyang Business School; Antai Economic school, Shanghai, and Lagos Business School.

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Archbishop Alaba Job outlines virtues of good Christian

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The Emeritus Archbishop of Ibadan Archdiocese, Archbishop Felix Alaba Job, has identified sincerity of heart filled with faith and endurance to do God’s will as necessary virtues of a good Christians to ensure eternal life in heaven, reports ITRealms.

This remark was made while recently facilitating the Annual Retreat to kick-start work by all the staff of the Catholic Secretariat ofNigeria (CSN) and other agencies of the Catholic Bishops Conference of Nigeria (CBCN).

The two-day programme attended by all the workers of the agencies of the Bishops Conference from across the country, the Archbishop emeritus said retreat is a period of deep and sincere concentration and honest examination of what one has been, what one is at present and what one will want to be later, stressing that the Catholic Retreat is not the type of retreat politicians in the country started having of recent.

He premised his topic of the first lecture of the retreat reflecting on how the staff spent the past year, 2017 in the service of the Church and in relationship with their neighbours; asserting that when Christians come together like this for a retreat, “we should become an oasis of hearts.”

Christians, he said, have come not only on their own but as a body, hence should be oasis in the desert, the desert of the noise of the world that does not grow anything.

“A desert of hearts are people who have hearts and are ready to rub minds and hearts, listening to the music of angels and allowing themselves to be served by Christ and his Mother Mary. When you listen to the music of angels and you dance to the music, surely, Jesus and his mother will provide you with more, much more than you can request” he said.

Archbishop Job urged the workers to reflect and reexamine their consciences on how they have spent the past year in their various offices; and how they have discharged entrusted duties, as well as how they have related with their co-workers, the people they serve and their neighbours.

The retreat facilitator noted that great use of life is to spend it for really worthwhile pursuits on something that will outclass adding that this will propel how the New Year will be spent. His words: “doing the will of God makes us live forever. We are equal creatures of God, sanctified by the Blessed Trinity but with different responsibilities.”

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Broadband: NCC outlines benefits of cost-based pricing, data services study

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The Nigerian Communications Commission (NCC) has outlined some benefits of thorough study to determine the cost based pricing for retail broadband and data services in Nigeria, reports ITRealms.

According to the Executive Vice Chairman of NCC, Prof. Umar Garba Danbatta, the outcome of the report to be carried out by KPMG would facilitate setting of guidelines for the regulation of the pricing of retail broadband and data services in Nigeria and specifically determine Price cap and floor where necessary.

“To develop a regulatory pricing model based on the peculiarity of the Nigerian broadband and data services market coupled with international best practices; and design the framework for collation of data that will be used for the determination; as well as to determine the appropriate cost modeling technique and methodology to be adopted,” he said.

In addition, he underscored the fact that the study would assist in appropriating pricing regulatory measures to be adopted eventually; the need for ex-ante and ex-post regulation with respect to pricing in the retail broadband and data market segments.

It is expected, he said, that the study would enable the development of a suitable definition of big and new entrant and or small operators, if necessary; just as it would avail the  conduct of a general assessment of the retail broadband cum data market segment with a view of determining the appropriate methodology to be adopted; and to design a cost model that is suitable for determining retail prices for broadband and data services taking into cognizance the macro-economic, technology and technical relevant factors.

Further, he disclosed that the study would result in the determination of a uniform pricing structure within the broadband and data segment; ensuring effective competition in the broadband and data market segment; guaranteeing affordability and accessibility of broadband and data services in Nigeria.

Facilitating inflow, development and growth of the broadband market segment; and above, “the stimulation of further economic growth considering the catalytic role broadband services plays.”

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NCC outlines benefits of automated numbering system

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The chief consultant to the Nigerian Communications Commission (NCC) on the proposed introduction of an automated numbering system in Nigeria, Mr. Paul Dinwoke, has outlined the benefits of the system to stakeholders, reports ITRealms.

Dinwoke who is the chief executive officer, Molcon Multiconcepts Limited, disclosed this in Lagos recently during a stakeholder consultative forum organized by the Commission.

According to him, some of the benefits include convenience, transparency, efficiency, easy tracking, and ability to choose number options.

He also pointed out that the introduction of an automated number system would strengthen the online payment systems currently existing in NCC and within its affiliate service offer.

In his remarks at the forum, the Executive Vice Chairman (EVC) and Chief Executive Officer of NCC, Prof. Umar Danbatta,  who was represented by the Executive Commissioner Technical Services, Ubale Maska, said that numbers are scarce resource and one of the core functions of the Commission is to ensure that this scarce resource is effectively and efficiently managed.

He also informed participants seeks their understanding, for this reason the forum was held, stressing that the automated system will be launched very soon by the Commission.

The Forum was attended by many stakeholders, including licensees of the Commission and staff, including Bako Wakil, Deputy Director Technical Standards and Network Integrity who told the audience that the deployment of automatic numbering management system is part of the NCC's efforts to automate her business processes within and outside the Commission.

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pix: Paul Dinwoke, CEO Molcon Multiconcepts Limited, consultants to NCC on the project

FG outlines 10-point fiscal roadmap to revive economy

Trade & Investments@ITRealms:

The Federal Government has outlined a 10-point fiscal roadmap to revive the Nigerian economy on the path of growth, reports ITRealms.

The Vice President, Prof. Yemi Osinbajo, who as represented by the Minister of Finance, Mrs. Kemi Adeosun, gave these indications at the annual dinner of the Lagos Business School (LBS),

Osinbajo, itemised fiscal policies and actions being rolled out to tackle the key barriers to growth, at the session which was attended by industry leaders across key sectors of the economy including oil, banking and telecoms, Adeosun said “The Federal Government’s Fiscal Roadmap is addressing barriers to growth that will drive productivity, generate jobs and broaden wealth creating opportunities to achieve inclusive growth”.

He said that the President Muhammadu Buhari administration is determined to convert Nigeria to a productive economy rather than one that is consumption driven. To do so, Government would tackle the infrastructure deficit to unlock productivity, improve business competitiveness and create employment.

Also, he said that Government would actively partner with the private sector to achieve this by use of a number of new funding platforms. These include the Road Trust Fund, which will develop potentially tollable roads, and the Family Homes Fund which is an ongoing PPP initiative for funding of affordable housing.

Giving details on a revision to the Tax provision that allows companies to receive tax relief for investment in roads on a collective basis, Osinbajo explained that the existing provision that enabled companies to claim relief for road projects had only been taken advantage of by two companies, Lafarge and Dangote Cement.

“This was because few companies were large enough to fund roads alone. The revision would now allow collective tax relief such that companies will be able to jointly fund roads, subject to approval by FIRS and the Ministry of Works, and share the tax credit. This would be particularly attractive to firms in clusters such as industrial estates, many of which are plagued by poor road conditions,” the VP said.

He emphasised the role of infrastructure in creating inclusive growth, explaining the current barriers to growth in agriculture, solid minerals and manufacturing, stressing that the drivers of inflation were structural and were being addressed through the focus on power, rail and road infrastructure.

The VP also outlined measures planned to deal with the problem of hidden liabilities, which were affecting the banking sector and efforts to revive the economy, explaining that the conversion from cash accounting to IPSAS (International Public Sector Accounting Standards) had unveiled unrecorded debts owed to contractors, oil marketers, exporters, electricity distribution companies and others. These liabilities were estimated at N2.2 Trillion and would be addressed with a 10 year Promissory Note Issuance programme in conjunction with the Central Bank of Nigeria. This measure would be subject to a rigorous audit process of all claims to ensure validity and mitigate against fraud and the impact of past corrupt practices.

Henceforth, the Osinbajo pointed out that measures would be put in place to prevent recurrence of such a problem by ensuring that contracts are managed in a manner that firms have assurance over when they would be paid.

He cited the fact that many contractors were owed as a reason that many of those recently paid by Government were slow in remobilising to site: “Some contractors had not been paid in the past 4 years and in some cases the banks they were owing refused them access to the funds released, causing delays”.

He explained further that those receiving the Promissory Notes would be expected to provide a material discount to government. The issuance was a solution to a long term problem that was ‘a drag on economic activity’.

Osinbajo further remarked that, despite the current economic challenges facing the Nigerian economy, the outlook is positive due to the strong fundamentals of Nigeria and the ongoing reform programme.

Osinbajo reiterated that Government is determined to create an enabling environment and put in place supportive policies to return to growth in 2017 including greater alignment of monetary and fiscal policies.

Below is detailed in the fiscal roadmap 10-point plan:

Fiscal Roadmap 2017

	Fiscal Policy Initiative	Expected Impact
1.	Recognise inherited debt profile after a robust audit process: §  Introduce promissory note program to finance verified liabilities §  Issue debt certificates to contractors, Ministries, Departments & Agencies (MDAs), and State Governments	§  Improve cash flow of businesses §  Improve Banks’ Non-Performing Loans (NPLs) §  Free up Banks’ balance sheet for lending to private sector §  Improve Government’s business interaction with the private sector
2.	Mobilise private capital to complement Government spending on infrastructure: §  Roads Trust Fund §  Family Homes Fund §  Extend infrastructure tax relief to a collective model to attract clusters of corporate entities	§  Expand the provision of infrastructure §  Drive growth of non-oil sector. §  Drive economic growth
3.	Strengthen fiscal/monetary handshake: §  Replace administrative measures on list of 41-items with fiscal measures to reduce demand pressure in parallel market §  Encourage domestic food production through specific incentives e.g. accelerated depreciation on food manufacturing equipment and Zero (0%) duty on green houses §  Planned revitalisation of refineries §  Increase Diaspora remittances via participation in the buyer support scheme for the Family Homes Fund	§  Reduce demand for US Dollars §  Increase supply of US Dollars
4.	Incentivise exports: §  Restructure the Export Expansion Grant (EEG) to a tax credit system §  Rationalise tariffs and waivers in key export sectors	§  Encourage/incentivise non-oil exports §  Drive import substitution
5.	Encourage investment in specific sectors through fiscal incentives: §  Accelerated depreciation on equipment in strategic sectors e.g. food processing, mining and power §  Rationalise tariffs and waivers in priority sectors	§  Drive investment in strategic sectors
6.	Continue expansion of fiscal space through revenue  enhancement and cost consolidation: §  Customs Single Window (being implemented through a Private Public Partnership (PPP) scheme) §  Template for non-allowable expenses for Government Agencies. §  Overhead cost control by the Efficiency Unit §  Continuous risk based audit by the Presidential Initiative on Continuous Audit	§  Revenue enhancement §  Cost containment
7.	Improve fiscal discipline at Sub-National level: §  Extension of efficiency unit at Sub-National level §  Fast track municipal bond issues to deepen the bond market §  Conversion to International Public Sector Accounting Standards by all State Governments.	§  Improved fiscal position at Sub-National level
8.	Enable and accelerate Recoveries process: §  Whistle-blower scheme §  Centralised database on recovered assets §  Asset tracing §  Professional management of recovered assets	§  Increased efficiency of Recoveries process §  Increased budgetary funding availability from Recoveries
9.	Rebalance debt portfolio to extend maturity and optimise debt service cost: §  Rebalance public debt portfolio with increased external borrowing (60:40 target) §  Extend maturity profile of public debt portfolio §  Deploy long-term debt instruments including Infrastructure and Retail Bonds §  Maximise use of concessionary loans	§  Rebalanced debt profile with improved debt service to revenue ratio
10.	Catalyse Micro, Small and Medium Enterprise (MSME) growth           through specific measures to improve capacity and access to finance: §  Development Bank of Nigeria (US$1.3bn) §  Increase share of business awarded to MSMEs from Government contracts §  Tax harmonisation and tax incentives §  Accelerated depreciation	§  Acceleration of MSME growth

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