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ACCI Partner NASDRA to Advance Africa’s Space Economy

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ACCI Urges Nigerians To Embrace Mutual Respect

ACCI Partner NASDRA to Advance Africa’s Space Economy

ACCI partner NASDRA to advance Africa’s space economy. He said Nigeria was beginning to witness a fundamental shift where space was rapidly becoming a powerful driver of economic opportunity.

The Abuja Chamber of Commerce and Industry (ACCI) and the National Space Research and Development Agency (NASDRA) have partnered to advance Africa’s space economy, thereby creating opportunities for economic growth.

Emeka Obegolu, president of the ACCI, said this while addressing journalists on the second edition of the Africa Space Economy Conference and Exhibition (ASEC) in Abuja on Friday.

Mr Obegolu, represented by the director-general of the ACCI, Agabaidu Jideani, said the exhibition was tagged “Space Economy and Emerging Markets in Africa.”

He said Nigeria was beginning to witness a fundamental shift where space was rapidly becoming a powerful driver of economic opportunity.

“Although we face challenges like limited awareness, infrastructure deficits and evolving policy frameworks, these hurdles present fertile ground for innovation, collaboration, and investment.

“It was with this foresight that ACCI, through our Policy Advocacy Centre, in a strategic partnership with NASRDA, conceptualised the ASEC.

“Our goal is to create a dynamic and inclusive platform where government, industry, academics, and investors can come together to shape the future of Africa’s space economy,” he said.

The director-general said the inaugural edition of the ASEC in 2023 was a resounding success, attracting over 350 participants and facilitating meaningful partnerships and business deals.

According to him, the second edition, which is expected to be held in Abuja between June 17 and June 19, will build on that strong foundation.

He said the conference would delve into how space-based technologies could drive economic diversification, strengthen critical infrastructure, and support sustainable development across the continent.

“For business leaders, entrepreneurs and innovators, ASEC will offer a collaborative environment for scientists, technologists, and private sector actors to explore practical applications of space-based services across diverse industries.

“It is a platform for innovation and investment, where start-ups can showcase their creativity and engage with potential partners, and where investors can identify high-impact, high-return opportunities within this rapidly growing sector.

“With our rich human capital, strategic location, and expanding innovation ecosystem, Nigeria is uniquely positioned to become a regional hub for space-driven economic activities,” he said.

The DG said the ASEC would foster robust public-private partnerships and advocate for enabling policies to de-risk and accelerate growth in Africa’s space sector.

He said it would further propel space innovation and enterprise, not just in Nigeria, but across the African continent and beyond.

“We encourage all members of the business community to engage by visiting the exhibition booths, participating in panel discussions, networking with stakeholders, and exploring the immense potential within Africa’s emerging space economy,” he said.

Mathew Adepoju, director-general of NASDRA, said the space sector presented immense opportunities for African businesses to innovate, invest, and generate significant returns.

ACCI Urges Nigerians To Embrace Mutual Respect

ACCI Partner NASDRA

“This is the Fourth Industrial Revolution, and Africa must not be left behind.

“It is time for us to take our rightful place at the forefront of global innovation, science and technology, with space technology being the pinnacle of human endeavour,” he said.

Osi Imomoh, chairman of the organising committee, ASEC 2025, said the exhibition would bring together government leaders, space agencies, international partners and other relevant stakeholders.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

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Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

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Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

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EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

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Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

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National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

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