General News
I4J Will Create Mega ICT Companies-Ajayi
Engineer Lanre Ajayi, president of the Nigeria Internet Group (NIG) and managing director, managing director of PiNet Informatics is
an advocate of cheap and affordable bandwidth. He is listed one of the icons of Information and Communication Technology in Nigeria. Ajayi spoke to chike onwuegbuchi and hilary okeke.
Internet for Jobs (I4J) initiative
I4J is an initiative of the Nigerian Internet Group designed to use the internet as a platform for creating jobs.
That is the primary objective of I4J but there are so many other auxiliary objectives. As a matter of fact, the vision of I4J is to make Nigeria an information society where the citizens are engaged in knowledge driven activities. So, in the process of doing that we believe that jobs will be created and the society will be transformed into an information society. We are killing two birds with one stone; we have come to transform the society from the present state into information driven one and at the same time create knowledge driven jobs for the people. We launched the initiative last year. It was launched by the executive vice chairman of Nigerian Communications Commission (NCC) and the director general of NITTDA and between then and now; there has been tremendous progress on the initiative. We have established promoters for the initiative, people who have accepted to commit themselves to promoting the initiative and they are basically representatives of various sectors of the economy; in other words, it is a multi-sector partnership. The civil society is going to be represented in the partnership by the Nigerian Internet Group while the Government is going to be represented by the NCC and NITTDA; the private sector is represented by Zenith Bank. So, put together, a multi-sector partnership to promote I4J. We are very pleased with the level of success of the I4J today. We have not actually commenced activities in full but all preparations for the commencement have been made. What I mean by commencement is when people, organizations, government, establishments, actually start applying for I4J and their applications are reviewed and we admit them into the programme and they start putting their services online. The objective is that government services should be online and private ones too. We believe that when services are put online, the people who are engaged in these activities are being given some jobs to do and by that, very creative minds, bright and vibrant entrepreneurs will have an opportunity to come up with innovative services on the internet. We are pleased with the rate of development of the I4J so far.
Commencement of activities
Well, I will say we just started doing that. I’m sure you saw our adverts on that; we’ve advertised requesting for applications and those have started coming in. What I mean is that we have not started giving grants; the intention is to give grants to those who have viable and qualified projects. So, we have advertised for beneficiaries to apply and we have gotten good response from all over the country: Port-Harcourt, Lagos, Abuja, Kaduna, Kano and so on. People have started applying for I4J. We still expect more applications then review, admit qualified ones into the programme, secure grants for them from sponsors and hopefully in the near future, we will start seeing services in Nigeria online. We hope that with I4J, we will be able to create mega IT companies in the mode of Yahoo, Google, and Amazon.com. They don’t have to start big; they only have to be creative. They can start small and grow big. We know we have very talented people in this country, they only need to be motivated and that motivation is what I4J is trying to give to various creative entrepreneurs and even government departments.
Government Services not Online.
We realized that lack of awareness is one of the biggest challenges to the availability of government services online. To start with, many people in government do not see an urgent need to put their services online. Secondly, even those who have seen the advantages of doing that do not know how to go about it. Putting services online makes organizations more efficient, it cuts cost, it’s cheaper for organizations to put their forms online than printing them and it is also cheaper for the users to download them from the internet other than going to obtain them in person. The lack of awareness is in two ways: first is the lack of awareness of its benefits and the second is the lack of the capability to put those services online. I4J will intervene in these areas, create the right awareness on the benefit of putting services online and also help government organizations build capacity on how to achieve this. Infact that is one of the methodologies of I4J. We will be assisting government departments, individuals, entrepreneurs, businesses, etc to put their services online. Putting services online goes beyond just setting up a website. Most websites you see in the country today are just informational sites where people just get information about organizations. When we talk about putting services online, your website should be transactional; people must be able to transact business on that website-buy your services, pay for them; if it is an electronic good, get it delivered instantly, if it is a physical good, get it delivered by courier. Those are the things we are looking at. There is no reason why you cannot buy goods online from the comfort of your home, there is no reason why you cannot fill government forms online. It is being done everywhere in the world and hardly being done in Nigeria. Most of the things we go out to do can be done from t comfort of our homes or offices, that is the power the internet has given us but it is not happening in Nigeria. So, those are the things I4J is set to address and I’m hoping that while addressing those challenges, while creating those opportunities, jobs are being created.
Broadening and Making Internet More Affordable
In 1995 when the Nigerian Internet Group was formed, one of the major objectives was to promote internet access by Nigerians. There campaigns have been successful because due to their efforts, the first set of ISPs was licensed by government. Initially, government was very reluctant but due to the campaigns by NIG through seminars, symposiums, etc; government saw the importance of the internet and licensed some ISPs. Between now and then, internet access has tremendously improved in the country. It is still largely concentrated in the cities and even in the cities we are still paying about $100 per month for dial up whereas in other countries they pay about $50 per month for broadband. So we are paying too much for internet access and it is not even going to the rural parts of the country. NIG spent a good part of its years promoting access and that is surely improving and will get better with time. We have reasons to believe that. We shifted our campaign a bit away from access to content. If you have access and you don’t have the appropriate content, the access will be grossly under-utilized, users’ demand will drop. But where there is content, there will be need for that access. We then decided to look at content and it is in attempt to promote local content that we designed I4J. So, I4J is killing so many birds and not just two. It is creating opportunity for development of local content as well as creating IT jobs for Nigerians and will transform our society into a knowledge driven one, an information society. Local content is very crucial; once you have it there will be intense demand for access. People in the rural areas will struggle for access too and someone will give that access to them. I can tell you that some of the things that should be done to improve access are already being done. For example, the NCC commenced the Unified Licensing Regime about 2 years ago. The essence of that is that all the service providers can provide any service. In other words, the ISPs can do voice, the PTOs and GSM companies can do internet. As a matter of fact, some of the GSM operators are already gearing up to start full internet provision. The 3G is essentially an internet service enhancement; it is just giving you a faster internet. Some of them are preparing to roll out Wimax, some are doing e-video and some are even making more from internet than voice. Those are the things that will drive access, just imagine if a GSM company decides to roll out Wimax even in an existing base station. Most of them have these base stations all over Nigeria including the rural areas. Within a short time, the whole country can be covered by Wimax and everyone will have internet access and I’m sure it will happen just like it did with telephone access. If that can happen with telephone, given the right technology broadband services can also be deployed. We are not too worried about access; we know it is not very good at the moment but in a couple of years, it will be available. Then the question arises, what are the people using this access for? If there is no local content, the access will not be optimized; we would just keep downloading information from abroad and not able to push any out and information can create wealth. So, we are now focusing on promoting local content and when that is developed, jobs will be created and that is the logic behind the I4J initiative.
ISPs and Sharp Practices
Honestly, if internet links are not shared, very few people will be able to afford the internet because it costs the ISPs a fortune to procure bandwidth. The need arises to share the bandwidth amongst many people as well as the cost. If people want to get dedicated links, yes they will get faster access but they should also be ready to bear the cost. It still boils down to the fact that the cost of internet access is high. I do not think those ISPs are over profiteering. If they were, they would have grown tremendously. But they should endeavour to tell their customers the truth; if bandwidths are being shared, they should know. Most of the access will remain shared because that is what is affordable; what is needed to be done is to bring down the price of international bandwidth and to keep our local traffic local so that we do not have to pay the cost of international bandwidth for traffics that are local and all costs should be minimal. A way to achieve this is to create competition. Presently, the SAT3 cable is the only one entering Nigeria and the only alternative is the satellite. There is the need to build alternative cables. I’m glad to note that alternatives are being built now. We have the GLO1 and the Main Street1 cable coming on board to compete with SAT3. A lot of people are gearing up to roll out Wimax. If we have cheap international bandwidth and are able to efficiently distribute access, then we are right on track. The GLO cable and the Main Street cable are going to connect to other parts of Africa and Europe and these are built by Nigerian entrepreneurs. I think we are lucky in that area to have people who think in that direction. I believe that very soon, we are going to have cheaper and better access to the internet.
NIGCOMSAT and Cost of Internet Access?
NIGCOMSAT is certainly relevant. I talked about cable but regrettably, cable cannot cover the whole country. So, the satellite will be there to fill the gap. Wherever the cable cannot get to, the satellite will cover. The existence of NIGCOMSAT is a welcome development but unfortunately, I have a problem with their business model. NIGCOMSAT is a satellite company that should be selling bandwidths to operators. But it now wants to compete with operators by selling bandwidths to end users. That is a business model that is not known to work in most of the cases. If NIGCOMSAT had been selling bandwidths to existing operators, there would have been more business. The efforts they should have used in selling their existing bandwidths are now channeled into the setting up of infrastructures to compete with operators. Those operators now perceive them as competitors and would not want to do business with them. But they have an advantage, they have a good product. The objective of having a company like NIGCOMSAT is fine but the business model has to be reviewed. So, the satellite would always be required but the cost and quality may not be comparable to the cable. It should be there as an alternative and not necessarily the primary source of access to the internet. Both means have advantages and associated disadvantages.
General News
Mutual Benefits Decries Nigeria’s Credit Gap, Offers Solutions

A recent study – Nigeria’s Credit Landscape Report 2025 – has revealed a striking paradox in the nation’s financial ecosystem, revealing that while more Nigerians are becoming financially included, only about 6% of adults currently access credit through formal financial institutions.

Published by Credit Direct in June 2026, the report highlights that although more than 64% of Nigerian adults are financially included, formal credit penetration remains significantly low. Credit to the Nigerian private sector stands at just 13.1% of GDP, well below peer African economies such as Kenya and South Africa. The findings point to persistent barriers to credit access for households, entrepreneurs and small businesses, despite improving economic conditions and growing business activity across key sectors of the economy.
The report also notes that Nigeria’s real sector recorded sustained expansion throughout 2025, with manufacturing, services and agriculture posting positive growth indicators, creating increased demand for working capital and business financing.
Reacting to the findings, Mutual Benefits Assurance Plc said the report reinforces the urgent need for a more holistic approach to financial inclusion, one that combines access to finance with savings, insurance protection and long-term financial planning.
The leading insurer noted that while access to credit remains important for economic growth, financial protection mechanisms are equally essential in helping individuals and businesses withstand economic shocks.
Through its diverse portfolio of solutions, Mutual Benefits continues to provide Nigerians with tools to build, preserve and protect wealth. These include education-focused protection plans, life assurance products, savings-oriented solutions, motor and property insurance and business protection products designed to safeguard livelihoods and future goals.
According to the Managing Director, Mutual Benefits Assurance Plc, Femi Asenuga: “The conversation around financial inclusion must go beyond opening bank accounts and accessing loans. True financial empowerment is achieved when individuals and businesses can access financing opportunities while also protecting their income, assets, families and future aspirations from unforeseen risks.
“For many Nigerian families and business owners, a single unexpected event such as a medical emergency, fire incident, business disruption or loss of income, can erase years of financial progress. This is why insurance and disciplined savings remain critical pillars of long-term financial resilience.”
The report further reveals that Microfinance Banks account for only 5.4% of Nigeria’s total loan book, underscoring the need for stronger support for SMEs and underserved communities that often struggle to access conventional bank financing.
As part of its commitment to advancing financial inclusion, Mutual Microfinance Bank continues to deliver accessible financing solutions tailored to the needs of small businesses, traders, salary earners, entrepreneurs and emerging enterprises across Nigeria. As at December 31, 2025, the Bank had disbursed loans totaling N1.372 billion, further strengthening access to formal credit for individuals and businesses across its target segments. This growth trajectory continued into 2026, with the loan portfolio rising to N1.558 billion by the end of Q1 2026, reflecting sustained momentum in supporting productive economic activity
Asenuga added: “Small businesses remain the backbone of Nigeria’s economy, yet many continue to face significant barriers in accessing affordable financing. Through Mutual Microfinance Bank, we are helping to bridge this gap by providing flexible financial solutions that enable entrepreneurs to grow, create jobs and contribute meaningfully to economic development.
“At the same time, we encourage individuals and businesses to think beyond borrowing by adopting a culture of saving, risk management and financial protection. Sustainable prosperity is built not only by generating income but also by protecting it.”
With economic activity expected to strengthen further and demand for financing projected to increase across several sectors, Mutual Benefits believes that the future of financial inclusion in Nigeria will depend on creating an ecosystem where access to credit, savings and protection work together to improve financial well-being.
The company reaffirmed its commitment to supporting Nigerians through innovative insurance solutions and accessible financial services that empower individuals, families, and businesses to build resilience, pursue opportunities confidently, and achieve lasting financial security.
Mutual Benefits Assurance Plc is one of Nigeria’s leading insurance companies with over 30 years of experience in providing reliable and innovative life and non-life insurance solutions to individuals, families and businesses. Through innovation, customer-centricity and a commitment to financial inclusion, the company continues to deliver value, protection and peace of mind to customers across Nigeria.
On its part, Mutual Microfinance Bank is committed to expanding access to financial services for individuals, micro-enterprises and small businesses through innovative savings products, accessible financing solutions and customer-focused banking services that promote economic empowerment and financial inclusion.
General News
Trashverse Recycling Technology Emerges Winner as MTN’s The Gathering on 100 Pitchathon Concludes with N5m Awarded in Aba

MTN Nigeria has successfully concluded the Aba leg of its youth cultural and creative movement, The Gathering on 100. The 18-hour event marks a significant milestone for entrepreneurship in Eastern Nigeria.

The event, which took place at the Prime Time Event Centre in Osisioma from June 14 to 15, 2026, transformed the venue into a tech hub for young innovators in Aba.
The Pitchathon had 10 standout startups compete for a total prize pool of ₦5 million. The competition showcased the immense potential of Aba’s youth, encouraging them to live life to the fullest through technological and creative excellence.
The participating startups, representing a cross-section of Aba’s burgeoning innovation ecosystem, impressed judges with solutions ranging from logistics to artisanal tech. Among the finalists were Trashverse Recycling Technology Limited founded by Charles Ikechukwu, Yadah Food, founded by Deborah Enyinnaya and Utytrends Global Ventures led by Utibe Akwa.
After a rigorous evaluation by judges Chiemela Anosike, Dr. Chime Chimezie-Uche, and Justina Nwokedi, the winners were officially announced. Trashverse Recycling Technology Limited, led by Charles Ikechukwu, claimed the first-place prize of ₦2.5 million.
Ikechukwu, founder of Trashverse Recycling Technology Limited, shared his excitement “Winning this pitchathon is a dream come true for our team. The support from The Gathering on 100 and MTN validates our vision and provides the financial backing we need to scale our production and serve more customers in Aba and the global stage.”
Utytrends Global Ventures secured the second-place prize of ₦1.5 million, while Yadah Food took home ₦1 million. These founders showcased solutions that blended local ingenuity with scalable technological frameworks, reinforcing Aba’s reputation as a powerhouse of Nigerian manufacturing and entrepreneurial spirit.
The Gathering on 100’s Pitchathon provided a platform for these early-stage founders to validate their business ideas before an audience of investors and industry stakeholders. For the winners, the funding serves as a catalyst to scale their operations and fulfill market demands, effectively bridging the gap between innovative concepts and industrial-scale production.
Reflecting on the Pitchathon, the Regional Manager, Operations, Southern Region, MTN Nigeria, Ifeanyichukwu Odom, said “Aba has always been a city of creators, innovators, and dreamers. Today, we witnessed young people expressing their passions across business, creativity, culture, and technology. The Gathering is about giving them a platform to be seen, heard, and celebrated.”
She noted that the Pitchathon had showcased the depth of talent and innovation emerging from the region, with participants presenting solutions capable of creating meaningful impact in their communities. “The Pitchathon winners made one thing clear, the Eastern Nigeria startup ecosystem is not waiting to be discovered. It is already forming, and it is ready when structure and support meet ambition. Through the power of connectivity and digital innovation, MTN remains committed to helping young Nigerians unlock their potential and Live It 100.”
This Aba edition built on the momentum of the Lagos edition held at the National Stadium, Surulere, in April, where eight startups received ₦45 million in funding. With its Aba execution, MTN has deepened access to opportunity and visibility for the next generation of business leaders.
General News
KidsCook Showdown 2.0 Set to Empower Public School Pupils with Culinary, Life Skills

Dominion Consultancy Concepts has officially announced the second edition of the KidsCook Showdown, a unique educational and creative cooking competition designed to foster leadership, teamwork, creativity and accountability among children ages 6 to 8.

Following its successful debut in 2025, this latest edition marks a significant milestone by securing the official approval of the Lagos State Universal Basic Education Board (LASUBEB). For the first time, the initiative will shine a spotlight on public education, featuring 20 children within the ages of 6 to 8 years old, selected from 10 public primary schools across the Kosofe Local Government Area.
The KidsCook Showdown is far more than a typical cooking contest. Under the close guidance of professional chefs, the young participants will work in teams to tackle fun, high-energy culinary challenges.
Rather than focusing solely on the final dish, a panel of judges will evaluate the children on essential life skills: teamwork, confidence, time management, communication, and hygiene.
Speaking about the vision behind the program, Enitan Tanimowo, Director of Dominion Consultancy Concepts, emphasised the importance of introducing children to household chores early.
“Our goal is to inspire children to see cooking not just as a chore, but as a fun, creative way to develop themselves, learn discipline, and build confidence and these skills help them into the future,” Tanimowo stated.
“By expanding into our public schools with LASUBEB’s vital support, we are ensuring that children from all backgrounds get an equal opportunity to develop leadership and accountability in a structured, inspiring environment.”
Tanimowo added that the initiative directly aligns with the United Nations Sustainable Development Goals—specifically SDG 3 (Good Health and Well-being) and SDG 4 (Quality Education)—by using hands-on, practical learning to promote balanced nutrition and social development. The event is bringing together parents, teachers, and professionals to champion the next generation.
The grand scale of this edition is made possible through the robust corporate and media backing of industry-leading brands. This year’s KidsCook Showdown is proudly supported by Zuri Seasoning, Ribena, Channels TV, Integrated Indigo Limited, and other partners committed to youth development and impactful community engagement in Nigeria.
Together, these partners are helping transform the kitchen into a classroom where future leaders are shaped, one recipe at a time.
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