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RDI 3 Days Summit: Research is our greatest Asset And We can generate over 10 Trillion Revenue In Nigeria, Says stakeholders
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At the end of a 3- days summit coordinated by Research for Impact, Knowledge-Economy, and Sustainable Development (RIKE-SD), in partnership with the West and Central Africa Research and Education Network (WACREN) and Foreign and Commonwealth Office in Abuja on Wednesday, 27th of March, 2024, the discussions centred around the pivotal role of research, development, and innovation in driving economic growth and prosperity.
The Chairperson Commission of Nigerians in Diaspora, Abike Dabiri-Erewa, she highlighted the importance of our human and knowledge-based resources as our Nigerian greatest assets we can proud of. To be rated above, oil is our global knowledge-based resource rooted in research and innovations. The Diaspora chairman stressed the need for effective development to grow any Nation worldwide. She stated her Ministry had embarked on a series of projects that could enhance the results of RDI, transforming our country’s competitiveness worldwide.
We have over 17 million Nigerians in Diasporas, many of whom are doing well in their chosen fields.
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Dr Popoola Mustapha, the Director of RIKE SD, Research Innovation and Knowledge Education and Sustainable Development (RIKE SD), added that the 3-day Summit has generated working groups that would be reconstituted as the national research Think-Tank. The Think Tank would be looking at the Agendas of Mr President; we have 8 groups that would later go into evidence theses to come out with solutions to the problems identified in this Summit. With our Pentagonal Nexus, we would work with five actors in typical RDI systems. The Academia, Industry and Government are to start with. Now, with our plans, we are incorporating the Funders because we don’t want to start looking for Funds after planning. As we plan, they are on the table. We would make it demand-driven and be sure we have the end-users, who are the people in mind.
Results to be achieved in these efforts would form parts of 8 points achievements in office. We need a driven committee not appointed but selected based on performance. Institutionalising these platforms for state and national actors to build sustainability. On Monday, we had the presence of the Honorable Minister of Science and Technology and The Chairman of the Commission of Nigerians in Diasporas; such presence was symbolic; after pro-creation in Nigeria, we are targeting other African nations. Over 17 million Nigerians in Diasporas, many of whom work in research and development fields; when unleashed potential, we would have over 10 Trillion in new Revenue in Nigeria in terms of new Knowledge. Many of these people hold critical roles in their chosen fields of innovation globally, so they would be glad to partner with this platform. They were well-funded abroad and were looking for an opportunity to partner with Nigeria. With us is a journey and Marathon because we will be accelerating processes. In the coming days, we will move to the following levels, presenting outcomes to the President and state governors and discussing how we can tap into outcomes.
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The core institutions involved, the federal Ministry of Science and Technology, Agriculture, Health and others, will form a committee to drive the Summit outcome to develop the Nation. Institutions to drive the policies include the Nigerian Institute of Strategy; we have only 25 Agencies represented here and a one-day session scheduled for private sector drivers in the Nation. We are not closing borders; the platform is open for other sectors’ partnerships to fulfil our aims. One thing we have done differently is have a Think-Tank committee for the first time to tackle issues in line with President Tinubu’s mandate. The Think Tank committee would help the President provide solutions to several problems. We will also co-create solutions with Diasporas to engage and tackle challenges headlong.
Professor Sulaimon Elias Bogoro,Prof.Animal science and former Executive Secretary, TETFUND, at the Summit, Affirmed the roles of TETFUND in support of Educational Research in Nigeria, which, in other words, generated needed results in innovations and advancement. He said Nigeria’s research activities have been recognised by the African research field as number 6th. At the same time, it stands number one in the country due to our levels of integrity and structures. TETFUND has partnered with other ministries, such as MOU with the Ministry of Science and Technology. Cutting-edge innovations have been achieved via this partnership.
With 17 million Nigerians in the Diaspora, we need Data to use research and development to harness growth. What we want to do with all we have learnt at this Summit will determine the outputs of our activities here. There are lots of young people globally who are using cutting-edge innovations from our country. He stresses the essentials of the department in technology in research transfer innovation. He said we will have a research and development department at the University of Ibadan dealing with innovators in Diasporas.
In confirmations of institutions in the country that had received Grants in research, he mentioned Landmark and Redeemers University as significant institutions of Research Grants, but many still need to learn. In efforts to earn support for research innovations, he cited when he visited the Minister of Health residence for close to 2 hours of discussions on research and development in health sectors and looking forward to partnering with the Ministry to boost health innovations.
The Professor of Animal Science responded to Journalists’ questions on why there had been dwindled interest in research activities that it was because it’s not an activity you embarked on that guarantees you immediate results; you can start a little research and end up spending like 500 Dollars, so most people are not encouraged to do stuff like that. But we need to start somewhere; we are all aware that every Nation making so much progress breaks out from a resources-based to a knowledge-based economy. RDI is essential to the growth of any economy.
Those in the medical industry would understand that research is critical. Those with herbs had collaborated with researchers to fine-tune their activities. A few days ago, I heard someone mention bringing Innovation to Ado Bayero University (ABU) Zaria, which is a Chikabrown country breed, and that is a great innovation. However, we are so disappointed that there is no funding for the project. At FUNAAB University, they have FUNAAB-Alpha, an entirely new breed, sometimes non-scientific and very loud; when some say everything about GMB is wrong, I say no. Does it mean cross-breeding is wrong? Cause it’s also cross-breeding. In the content of effecting a change, In the Gene content of any Animal or plant, that is innovation, as it were. The lowest level is cross-breeding; at lower levels, we have animals that are F1 and are doing well. I want to confirm that significant innovations have gone out there. Still, the biggest challenge is our inability to recognise our intellectual properties and place them where they belong. Many brilliant scientists were also not rewarded for their innovative ideas beyond the laboratory. By increasing Research Grants, we would have great intentions. Most of the time, you hear many university lecturers discussing how to receive the next salary to feed their families because their salaries are not enough to cater for them. Nigerian professors’ salaries are equivalent to 300 dollars, while South Africa’s is 3000 dollars. These are issues that distract people; if we encourage, support and fund our Best and link with Industries in how we are recognised, things will improve.
You don’t rely on foreign nations’ results because they might not be willing to sell or share with you due to economic and political policies. Then it would be best if you did thorough research yourself. You are not independent of your needs until you can produce it yourself. It’s vital to know that this Summit is, therefore, seen promptly; hence, the 8-point Renew agenda of Mr President aligns with the Summit. When Mr President was inducted as Patron of the National Science Academy, he stated that every government policy and project would be subjected to scientific evaluations. Then, we can be sure that the outcome will last for the Nation.
AVM Jomo Osahon,Former Director General of the Defence Research Production Bureau, added his voice that there are many Military innovative activities that go unnoticed by the populace. He cited Instances of Lake Chad water that keep going down speedily, so people cannot navigate effectively on the water.
We met and discussed that we needed not just a flat boat but a unique boat that could go through marshy, mud or even shallow water, and I was tasked by the Air Chief Defence Staff to develop an Airboat innovation. It has been there, but the one we have is a unique one that would provide some level of protection for our soldiers and would also be a firepower that has never existed. We could design a boat in partnership with a company in Port-Harcourt to produce a prototype. The former President Buhari was excited to see it and commissioned us to produce 10 more. Let me tell you something unique that happened. At a military conference, some nations supporting us in the battle against insurgencies told us they learnt our Research and development department had produced an Airboat; they requested 100 pieces of them, or else they wouldn’t support us in battle anymore. This request falls on when the former President asked us to produce more. He asked for the time frame for production, and we told him soon; he approved and mobilised us with 50 per cent of the funds requested. So, innovations are happening in the country. Some of us must have heard of some aircraft bought by former president Goodluck Jonathan; those planes were not weaponised; we reached out to Germany, and those planes were Alfa jets, built by Germany and France. They requested 40 million Dollars for women’s evaluation alone. Some say it’s not possible to be weaponised. I travelled to Kainji with some of my engineering team and came up with the idea that we could do it. We developed a kind of Schematic drawing and computerised it so that when a particular bottom is pressed, you can imagine what the final outcome would be; we made a presentation to Air Marshall Sadiq Abubakar, who’s passionate about research and development in the Military, who he was so impressed and gave us go ahead. We bring the product out and comment somewhere like, this man, you have been given Vice Marshall already; what are you still looking for? Do you want to become the Chief or what?
The Germans said it was impossible, but you and your team have done it. As soon as we were mobilised, we had to come up with many models. They were tested and commissioned with only 5 Million Naira to weaponise the 4 Aircraft. Those Alfa-Jets are still flying today.
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There are lots of scientific innovations going on and being achieved in the Military; it’s just that we don’t publish them due to policies.
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Opeifa Defends Rail Reforms, Unveils Nationwide Expansion Roadmap
Opeifa maintained that derailments are not peculiar to Nigeria, noting that such incidents occur across advanced rail systems globally.
“Derailments are regular occurrences in the rail sector worldwide. In February alone, there were incidents in countries like Britain and others. Around the same time we experienced one, there were multiple derailments across the world,” he said.
He disclosed that in 2025, Nigeria recorded three major derailments:
• August 26 at Asham in Kaduna State
• November 1 at Abraka on the Warri–Itakpe line
• November 8 at Agbor on the same corridor
He said the NRC responded swiftly, restoring services within 24 hours in one case, while others were resolved within 21 and 28 days respectively.
Opeifa stressed that derailments can result from factors such as weather conditions, signal glitches, human error, speeding, or aging infrastructure, but noted that in Nigeria’s recent cases, there were no fatalities.
“These incidents are preventable and efforts are ongoing to minimize them. However, they should not be seen as major setbacks to the overall progress of the railway system,” he said.
On Allegations of Mismanagement
Addressing allegations of financial mismanagement within the corporation, Opeifa declined detailed comments, citing ongoing legal processes.
“When a matter is in court, it is sub judice. Allegations of corruption or mismanagement should be handled by the appropriate authorities,” he stated.
He reiterated that his priority is to reposition the NRC in line with global best practices and ensure efficient rail services for Nigerians.
Expansion, Upgrades and National Connectivity
The NRC boss said efforts are underway to restore damaged coaches and upgrade infrastructure using local engineers and technicians.
“We are bringing back the lines and retrofitting coaches. The Warri–Itakpe line is operational. The Abuja–Kaduna line is running, and we are increasing trips from two to three,” he said.
On long-term plans, Opeifa disclosed that the NRC roadmap envisions rail connectivity across major cities nationwide, subject to funding and phased execution.
He dismissed claims of abandoned projects, explaining that rail developments are capital-intensive and implemented in phases based on available resources.
He cited progress on the Lagos–Ibadan corridor—part of the larger Lagos–Kano project—as well as ongoing work on the Kano–Maradi line linking key northern cities.
Lagos–South-East, Port Connections in View
Opeifa also highlighted plans to expand connectivity between southern ports and inland cities. These include proposed links from Warri to Abuja and from Lekki Deep Sea Port to Kajola, Benin, Onitsha, and Aba, enabling both passenger and cargo movement.
Toward Modern Signaling and Faster Trains
On modernization, he said Nigeria is gradually upgrading from older narrow-gauge systems to standard-gauge infrastructure with improved signaling technology.
He noted that metro rail projects in Kaduna, Kano, and Lagos are being developed with higher signaling standards, positioning the country for faster and more efficient train services in the coming years.
“We are not yet at the highest global level, but we are moving steadily upward,” Opeifa said.
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Ticket Reform Boosts Confidence in Lagos–Ibadan Rail Service, Says Opeifa
A quiet transformation is reshaping the daily commute between Nigeria’s commercial hub and the historic city of Ibadan. Passengers on the Lagos–Ibadan standard gauge corridor say services have become more efficient and predictable following a clampdown on ticket racketeering led by Kayode Opeifa
The renewed confidence in the rail line linking Lagos and is influencing residential and employment decisions among middle-income earners who once considered daily intercity commuting unrealistic.
“It is now possible to live in Ibadan and work in Lagos without the daily anxiety of securing a ticket,” said Adewale Bamidele, a financial analyst who travels three times a week. “Before, you needed connections. Now, you book, you board, you arrive.”
A Line Once Hindered by Middlemen
The Lagos–Ibadan railway, inaugurated as a flagship infrastructure project under the administration of former President Buhari was designed to ease pressure on the congested Lagos–Ibadan Expressway and deepen economic integration across the South-West.
However, in its early phases, passengers frequently complained of informal ticket rackets. Allegations included bulk-buying by intermediaries and artificial scarcity that forced travellers to pay inflated prices for seats on high-demand trains.
Industry observers say such practices undermined the railway’s credibility as a mass transit solution. “Transport systems thrive on predictability and fairness,” said a transport economist “Once access is perceived as compromised, commuters revert to road transport despite the risks and delays.”
Enforcement and Digitisation
Since assuming oversight responsibilities within the sector, Opeifa has reportedly intensified internal monitoring and strengthened digital ticketing protocols. Railway officials, speaking on condition of anonymity, said stricter verification processes and disciplinary measures against errant staff have curtailed unauthorised ticket sales.
Although the Nigerian Railway Corporation has not released detailed enforcement data, anecdotal evidence from regular commuters points to shorter queues, smoother boarding procedures and fewer last-minute cancellations.
For professionals with flexible work schedules, the improvement has been significant. The average journey time of about two to three hours—depending on the service type—now compares favourably with unpredictable road travel, which can take considerably longer during peak traffic.
Changing Urban Dynamics
Property agents in Ibadan report a modest rise in enquiries from Lagos-based workers seeking more affordable housing. Rents in many parts of Ibadan remain significantly lower than comparable neighbourhoods in Lagos, offering relief to households grappling with inflationary pressures.
“Rail reliability changes everything,” said Funke Adebayo, a real estate consultant in Ibadan. “When people trust the timetable, they are more willing to relocate.”
Economists caution, however, that long-term success will depend on consistent maintenance, adequate security along the corridor and transparent ticketing systems. Any return to informal practices could quickly erode recent gains.
The Lagos–Ibadan corridor is widely regarded as a litmus test for Nigeria’s broader rail ambitions. With additional standard gauge projects planned or underway nationwide, policymakers face mounting pressure to ensure that infrastructure investments translate into reliable public service delivery.
For now, passengers remain cautiously optimistic.
“It feels more organised,” Bamidele said while disembarking at Mobolaji Johnson Station in Lagos. “If this standard is sustained, rail can genuinely compete with road transport.”
Nigeria agree, the real challenge lies not just in laying tracks, but in sustaining public trust.
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Breaking : Finance Ministry Shake-Up: Tinubu Nominates Oyedele, Says Onanuga
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President Bola Tinubu has nominated the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Dr. Taiwo Oyedele, as the Minister of State for Finance.
Oyedele replaces Dr. Doris Anite-Uzoka, who has been redeployed to the Ministry of Budget and National Planning as Minister of State, her third portfolio in the administration.
The President on Tuesday conveyed Oyedele’s nomination to the Senate for confirmation in a letter to the Senate President, Godswill Akpabio, according to a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, on Tuesday.
Until Tinubu nominated him as a minister, Oyedele from Ikaram, Akoko, Ondo State, was the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, which overhauled Nigeria’s tax system.
The 50-year-old is an economist, accountant, and public policy expert who led the comprehensive overhaul of Nigeria’s tax system through the Presidential Committee on Fiscal Policy and Tax Reforms.
The committee, inaugurated in August 2023, delivered four executive bills that consolidated over 60 taxes into fewer than 10 statutes and introduced significant reforms, including zero income tax for Nigerians earning N800,000 annually or less.
The Tax Reform Acts, which became effective on January 1, 2026, also exempted small businesses with turnover below N50m from company income tax, capital gains tax, and development levy.
Other provisions include a 50 per cent tax deduction for companies hiring new workers for three years, a 50 per cent deduction for wage increases to the lowest-paid employees, and a five-year corporate tax holiday for agricultural enterprises.
Oyedele attended Yaba College of Technology, where he obtained a Higher National Diploma in Accountancy and Finance, before proceeding to Oxford Brookes University for a BSc in Applied Accounting.
He also completed executive education programmes at the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School.
Oyedele spent 22 years at PricewaterhouseCoopers, joining in 2001 and rising to become the Fiscal Policy Partner and Africa Tax Leader before his appointment to head the tax reform committee.
He is currently a professor at Babcock University in Ogun State and a visiting scholar at the Lagos Business School.
As Minister of State for Finance, Oyedele is expected to oversee the implementation of the tax reforms he championed, particularly as the government seeks to improve revenue generation and deepen economic reforms.
Anite-Uzoka, who is being redeployed to the Ministry of Budget and National Planning, previously served as Minister of State for Industry, Trade and Investment before her appointment as Minister of State for Finance.
The Senate is expected to screen and confirm Oyedele’s nomination in the coming weeks, following which he will be sworn in to assume his ministerial duties.
The Finance Ministry, currently led by Wale Edun as substantive minister, oversees fiscal policy, revenue mobilisation, debt management, and economic planning.
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