Business

My daughter excited I’ll see Burna Boy, Rema In Nigeria — Bill Gates

Published

3 years ago

June 21, 2023

705 Views

The youngest daughter of American business mogul, Bill Gates, known as Phoebe said she is excited that her dad would see Nigerian music stars – Burna Boy and Rema when he visit Nigeria with her Dad.

Recall that Gates and Aliko Dangote had visited President Bola Tinubu on Monday, as part of the Gates Foundation’s commitment to working closely with communities and leaders to support innovation.

While delivering his opening address at an event in Lagos State, Bill Gates made the revelation disclosing Phoebe’s gladness over his visit to Nigeria and the possibility of meeting Afrobeats stars such as Burna Boy and Rema.

He said: “When my daughter Phoebe heard I was coming to Nigeria, she said, “You’re lucky because you get to see Burna Boy and Rema, so I had to look them up…because I’m so ‘hip’. But I remember the last time I was here, I got to see Davido & Wizkid perform,”.

Gates said Nigeria is filled with creative minds and Afrobeats from Nigeria are popular everywhere.

“Of course, being here in Nigeria, I can’t help but mention the amazing creativity that goes on here.

“Afrobeats from Nigeria are popular everywhere. When my daughter Phoebe heard I was coming to Nigeria, she said, ‘You’re lucky to go see Burna Boy and Rema,” he said.

He further recalled his last visit to Nigeria seeing Davido and Wizkid perform.

“But I also remember, the last time I was here, I did get to see Davido and Wizkid perform and I was quite impressed with that. So, my kids think I’ve come to a very hip place,” he added.

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Business

JUST IN: NNPC Clarifies Petrol Discount: Relief Initiative, Not Subsidy Restoration

Published

3 minutes ago

October 9, 2026

Charles Flames

2 Views

The Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified that its ongoing petrol discount is a temporary customer relief measure and does not amount to a restoration of the petroleum subsidy abolished in 2023.

In a statement issued on Friday by Chief Corporate Communications Officer Andy Odeh, the company said the N66-per-litre sales discount, first introduced on 1 October 2026 to mark Nigeria’s 66th Independence Anniversary, will continue until 31 October 2026 at NNPC Retail stations nationwide.

NNPC stressed that the initiative is designed to ease the burden of rising fuel prices linked to elevated global crude oil costs and the Middle East conflict. It applies only to NNPC Retail outlets and does not set a uniform national pump price or change the market-based pricing framework for petroleum products.

“This discount is a customer relief initiative and does not represent the reintroduction of petroleum subsidy,” the statement said. The company urged the public to disregard any interpretation of the measure as a return to the subsidy regime.

The clarification followed comments by Finance Minister and Coordinating Minister of the Economy Taiwo Oyedele, who explained that the discount is funded solely from NNPC Retail’s own profit margin and involves no public funds from the federal budget or Federation Account.

Business

Manufacturers sitting on N40trn untapped opportunities, says report

The Nigerian Manufacturing Opportunity Report 2026 provides decision-makers with the insights on opportunities that are most immediate, where Nigeria is already making progress and what needs to be done better to unlock greater value.

Published

6 hours ago

October 9, 2026

OCHEFA

31 Views

SEID, a marketing communications and market intelligence firm in Lagos, has estimated that the Manufacturing industries in Nigeria is sitting on more than N40 trillion in untapped manufacturing opportunities.

The Managing Partner at SEID, Tubosun Akeju, disclosed this in a report -The Nigerian Manufacturing Opportunity Report 2026 launched by the during the 54th Annual General Meeting of the Manufacturers Association of Nigeria, held at the Oriental Hotel.

Akeju emphasised that the report provides decision-makers with the insights on opportunities that are most immediate, where Nigeria is already making progress and what needs to be done better to unlock greater value.

“The opportunity is to understand where those strengths exist, deepen them, and build the competitiveness required to capture more value locally and compete beyond our borders,” he said .

The report examines manufacturing opportunities across Nigeria’s subsectors, states, value chains and industrial clusters, while identifying areas where existing strengths can be deepened and competitiveness improved.

It said that Nigeria’s manufacturing landscape was shaped by distinct areas of industrial strength, with different states, regions and value chains demonstrating varying levels of scale, specialisation and competitiveness.

The report noted that this created an opportunity to build on existing capabilities rather than adopt a one-size-fits-all approach to industrial development.

Manufacturing activity is spread across states with different levels of scale, specialisation and growth.

The South-West remains the country’s largest manufacturing zone, while other regions are developing strengths in areas ranging from food and agro-processing to textiles, chemicals, pharmaceuticals, cement, steel and light manufacturing.

The report maps these differences to show where investment and industrial development can build on existing capabilities.