Saturday, January 17, 2026
27.6 C
Lagos

Business

MTN: The Best Mobile Internet Performance in Nigeria 2025

  Analysis period: January 1, 2025 - December 31,...

NIPR Postpones Annual PRICE Awards to Jan 25, 2026

The Nigerian Institute of Public Relations (NIPR) has deferred...

Wines of Canada Debuts in the Nigerian Market

Carl DIB Merchandising Limited, a leading company in the...

P+ Measurement Services Sparks Global Dialogue on Outcome-Based Measurement at 2025 AMEC Measurement Month

P+ Measurement Services, Nigeria’s leading independent media intelligence and...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

Tinubu Applauds NGX N100tn Milestone, Charges Nigerians to Invest More Locally

President Bola Tinubu has praised corporate Nigeria, citizens, and...

FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

The Federal Government has inaugurated the National Tax Policy...

NGX Expands Market Offerings with Introduction of Commercial Paper Listings

Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP)...

NGX Chair: Media Coverage of Capital Market Key to Sustainable Growth

OPENING REMARKS BY THE CHAIRMAN, NIGERIAN EXCHANGE GROUP (NGX)...

Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

Insurance

Sovereign Trust Insurance Strengthens Partnership with TEXEM UK

L-R: Akinwumi Akinrinmade, ED, Technical Operations, Sovereign Trust Insurance...

SanlamAllianz Takes Financial Education to Lagos Markets

Insurance giants, SanlamAllianz has launched a financial education campaign...

GCR Upgrades NEM Insurance Rating to AA+ on Sustained Profitable Growth, Stable Outlook

GCR Ratings (GCR) has upgraded NEM Insurance Plc’s national...

Sovereign Trust Insurance Unveils Lucas Durojaiye as New MD/CEO

The Board and Management of Sovereign Trust Insurance Plc...

Business

MTN: The Best Mobile Internet Performance in Nigeria 2025

  Analysis period: January 1, 2025 - December 31,...

NIPR Postpones Annual PRICE Awards to Jan 25, 2026

The Nigerian Institute of Public Relations (NIPR) has deferred...

Wines of Canada Debuts in the Nigerian Market

Carl DIB Merchandising Limited, a leading company in the...

P+ Measurement Services Sparks Global Dialogue on Outcome-Based Measurement at 2025 AMEC Measurement Month

P+ Measurement Services, Nigeria’s leading independent media intelligence and...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

Tinubu Applauds NGX N100tn Milestone, Charges Nigerians to Invest More Locally

President Bola Tinubu has praised corporate Nigeria, citizens, and...

FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

The Federal Government has inaugurated the National Tax Policy...

NGX Expands Market Offerings with Introduction of Commercial Paper Listings

Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP)...

NGX Chair: Media Coverage of Capital Market Key to Sustainable Growth

OPENING REMARKS BY THE CHAIRMAN, NIGERIAN EXCHANGE GROUP (NGX)...

Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

Insurance

Sovereign Trust Insurance Strengthens Partnership with TEXEM UK

L-R: Akinwumi Akinrinmade, ED, Technical Operations, Sovereign Trust Insurance...

SanlamAllianz Takes Financial Education to Lagos Markets

Insurance giants, SanlamAllianz has launched a financial education campaign...

GCR Upgrades NEM Insurance Rating to AA+ on Sustained Profitable Growth, Stable Outlook

GCR Ratings (GCR) has upgraded NEM Insurance Plc’s national...

Sovereign Trust Insurance Unveils Lucas Durojaiye as New MD/CEO

The Board and Management of Sovereign Trust Insurance Plc...

‘Why Nigerian, African Varsities Rank Lowly Globally’ – Ghana VC

Leading African Development Economist and Vice Chancellor of University of Ghana, Legon, Professor Ernest Aryeetey says that Nigeria and Africa in general will not have globally competitive economies without investing in university research.
He also noted that low investment in research-focused universities accounts for why many African universities are lowly ranked and cannot be globally competitive.
According to the seasoned economist, Africa must develop research universities that will help in providing sound knowledge economy for its transformation and positive change.
Aryeetey made the reamarks while delivering the 67th Interdisciplinary Discourse of the Postgraduate School, University of Ibadan under the Deanship of Professor Adeyinka Aderinto.
Speaking on the topic “Developing Research Universities for Africa: Some New Approaches”, Professor Aryeetey noted that universities must specialise either in teaching or doing researches, noting that not all universities should be combining both teaching and researching.
He said African Universities must collaborate, which he said will lead to develop output that will solve Africa’s problems, adding that the African Research Universities Alliance (ARUA) has this as one of its visions.
According to him, there is a correlation between research output and economic growth, adding that if Nigeria and African governments refused to fund research for the transformation of Africa, it will be difficult for the continent to experience transformation.
“Having research focused universities is important but expensive but the end product is total transformation and economic growth. Innovation comes from research which leads to transformation. We need to pay more attention to research in Africa. Our governments complain of low ranking universities and want us to compete globally but can they do what Harvard, Yale and Princeton universities are investing in Research? They must invest in Research to have their economies change and the continent can be competitive with the rest of the world. We need to change the face of infrastructure in our universities and attract leading scholars through attractive incentives and train more faculties that can conduct transformational research. African problems are of different nature. Our problem is about low productivity in agriculture, health but we must conduct researches that will solve our own problems. We must formulate policies based on researches conducted by African researchers not on important policy from another clime which is at variance with realities on the continent. It is sad that Africa accounts for 1% of world research outputs.”
He noted that the low level investment in research and development in African countries was due to the fact that government and companies do not want to spend money on research, adding that researchers must learn to conduct researches that have direct bearing on African needs.
The Vice chancellor, University of Ibadan, Professor Idowu Olayinka who stated that education is the bedrock of development, however lamented that the popular recognition of the role of universities in national development still operate theoretically in Nigeria and in most countries in sub-Saharan Africa.

Olayinka stated that African governments have failed to meet the needs of her universities which can help the continent o build competitive economies by developing skilled, productive and flexible workforce and by creating, applying and spreading innovations and technologies.
He urged the federal government to invest in research and stop blaming educational institutions of ranking lowly in the global educational system.

Hot this week

State Police and the Questions Nigeria Can No Longer Avoid

By Tosin Osasona Nigeria’s post-1999 democratic era has coincided with...

NESG Hosts 2026 Macroeconomic Outlook, Highlights Growth Prospects, Reform Consolidation

L-R: Mr. Omoboyede Olusanya, Vice Chairman II, Nigerian Economic...

Rand Merchant Bank Nigeria Acts as Lead Issuing House on the N236bn PRESCO Rights Issue

Rand Merchant Bank Nigeria Limited is pleased to announce...

MTN: The Best Mobile Internet Performance in Nigeria 2025

  Analysis period: January 1, 2025 - December 31,...

Aviation: Five Key Risks That Will Shape 2026

By Marie Owens Thomsen Senior Vice President, Sustainability & Chief...

Topics

MDXi, Uptime Institute Discuss Africa’s Digital Transformation

West Africa’s leading data centre company, MDXi has reiterated...

Afreximbank Raises $750m via Eurobond Issue

African import-export bank Afreximbank has announced in a statement...

AIICO Insurance to Deepen Insurance Penetration in Nigeria

Mr. Babatunde Fajemirokun Managing Director/CEO AIICO Insurance Plc AIICO Insurance Plc has...

Danbatta: Collaboration is Success Path to 5G Deployment in Nigeria

NCC: L-R: Mistura Aruna, Assistant Director; Hafiz Shehu, Chief of...

Post-recession Nigerian Economy and Export Diversification – By Bashir Wali

‘Neither government agencies nor private sector businesses can do...

Stanbic IBTC Unveils Flex Border to Ease Cross-Border Transactions

Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC...

INEC: Anambra Gov Election on Course as 81, 778 PVCs Ready for Collection

The Independent National Electoral Commission (INEC) met on Tuesday,...

‘Global Cancer Deaths Top 10m in 2018, 18m New Cases’

The Mass Medical Mission is set to launch its...
Exit mobile version