nigerian budget 2014

This is the 2014 Federal Government budget since  approved by the National Assembly and signed by President Goodluck Jonathan. Out of a total budget of N4.962 trillion, the allocation to the defence sector took about 20 per cent, totalling N968.127 billion because of the growing insecurity situation in the country. The figures below present the numbers detailing the budget, the breakdown and the sources of revenue.       Sources of plots – Bugdit

cyclone 11

The purpose of the Altera DE1 Development and Education board is to provide the ideal vehicle for advanced design prototyping in the multimedia, storage, and networking. It uses the state-of-the-art technology in both hardware and CAD tools to expose designers to a wide range of topics. The board offers a rich set of features that make it suitable for use in a laboratory environment for university and college courses, for a variety of design projects, […]


For readers in Nigeria, Tekedia Markets has stock of DJI Phantom 2 Vision Drones for immediate sales.   General Features Lightweight, multi-functional integrated aircraft and camera Camera remote-control by DJI VISION APP Range Extender increases Wi-Fi distance to 300m Anti-vibration camera platform with single axis stabilisation Low-voltage protection Virtual Radar aircraft locator on mobile device Range of camera tilt options Multiple, continuous and timed capture options HD Video Recording (1080/p30 or 1080/60i) RAW and JPEG […]


The latest news is that Phillips Consulting, a Nigerian consulting firm, has launched an online platform providing solutions for jobseekers and recruiters in the country. It calls the product SHORTLIST. The platform, according to the firm’s Chairman, Foluso Phillips, directly connects jobseekers and recruiters and is simple and easy to use.   “To be on a global platform where anyone can discover you is a wonderful opportunity for jobseekers. To find the very people you […]


As the unveiling of the Nigeria innovation cluster mapping  report draws close, we provide a snapshot of one of the cities we studied.   Sponsored by the Tony Elumelu Foundation, the Nigeria Innovation Cluster Mapping project is poised to uncover the pockets of industry clusters where companies with similar attributes co-exist in Nigeria. The research will provide government and business community with data and tools for understanding what drives clustering, in every region of Nigeria, […]

ICT cluster

In a project that examined the innovation clusters in Nigeria, we studied different cities across technology segments to understand which city has the best advantage over others for location and localization of technology businesses and startups.  Technology areas covered included health, IT, engineering, scientific, among others.  As would be expected, Lagos has the most dynamic cluster in the ICT sector. It is growing with the best talent pool in the nation. While Lekki shows some latent signs […]


There are many promising technology sectors in Africa right now. The market is still very young but it has a lot of growth ahead of it. From our travels around the continent, we have noted that some sectors are ripe for massive capital investments while some are not yet there. One of the areas we think will be lucrative in coming months and years is cybersecurity.   In 2013, Nigerian banks lost $260 million to […]

wild fusion

It is one of the earlier Google Certified Adwords Partners in Nigeria and has since added operations in Ghana and Kenya. It is a digital marketing firm with services that include online media sales, mobile marketing, Adwords Service, web analytics and social media. These services cover the spectrum of the digital marketing. Wild Fusion is a leader in this emerging business sector in Africa.   Africa is still transitioning to mobile and online. As it […]

big data

“Big Data” originally emerged as a term to describe datasets whose size is beyond the ability of traditional databases to capture, store, manage and analyze. However, the scope of the term has significantly expanded over the years. Big Data not only refers to the data itself but also a set of technologies that capture, store, manage and analyze large and variable collections of data to solve complex problems.   Amid the proliferation of real time […]


The startup ecosystem in Nigeria is very noisy. Some have become lords purely because of the amount of money they raised.  They have neither built nor exited any company. They just raised capital and they party, publicly. From Forbes to circuits of conferences, we are inundated with stories of raising money from international and local investors in some of these companies. We surely like them and we treasure them, at least they pitched right and […]

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