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Nigeria Ripe but Not Ready for Cashless Transactions – Awe

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Jide Awe is the chief executive officer of Jidaw Systems, a training, certification and career development company focused on fundamentals for building IT careers. Awe is also chairman, Publicity Committee of the Nigeria Computer Society (NCS). He has had over two decades experience in ICT and business management. Awe consults for both corporate and government clients and provides ICT content through various online, print and electronic media. He spoke to funmi ilesanmi on industry issues as well as the forthcoming 24th Annual Conference of the Nigeria Computer Society (NCS).

Jidaw Systems
Jidaw Systems is into training, consulting and web content provision. Basically, we are into human capital development in the IT industry. We develop people to get the skills that are necessary to grow the IT industry and also providing contents on the internet with a lot of things going on relating to IT for development while at the same time we also provide consultancy services to assist organizations and people that need to improve their performances through IT. Another area is development advisory, we advise countries and organizations that want to use IT to develop their skills, we advice them on how to go about it.
We also train secondary school students because we believe that these things should actually start from the schools. It is not something you should wait until you graduate from higher institution before you start acquiring the skills. A lot of pioneers in IT that created a lot of change were very young people. We tap into the creativity and energy of the young people and show them that this is something that can actually transform the world. Through this you can make money for yourself and also make an impact in the world. We are looking at young people but there is no real restriction. It is a question of desire and interest but the focus mainly is on young people.

Training Women and Girls in ICT
Look at the population, we have been into trainings for sometime and we have seen in seminars and training programmes that women do not attend as much as men. So we did our studies and found out that it is a general thing and we also understood why. We try to say some of these perceptions if we do not do anything about them, we will have a situation in which 50 per cent of the population might be excluded from what is going on technology wise. The argument we try to bring in is that those set of people you excluded, technology is actually harming them if they do not use it. We need to be entrepreneurs and leaders in technology, we should not just be consumers and so 50 per cent of the populace not being actively involved in technology means you are loosing them because there is prejudice and that is where we said there was a need to intervene in that area. It is not a question of men are better than women, it is a need. It is not a men’s affair alone because it is a profitable career for both men and women.

Dearth of ICT Manpower
I do not think on the whole Nigeria is doing enough to encourage development of manpower. A lot of things that are being done are private initiatives, so we still need to have a very proactive strategy and interventions because anything you want to grow, you have to actually make extra efforts in pushing it. I do not think we are doing that, everybody is just pushing their own private initiatives. Private initiatives depend on resources available to you, your ability to market and things like strategic ways of repositioning yourself not that government itself will actually put in money but there is a way it can facilitate things to make it easier. For example, making training courses cheaper and more available for students. Training providers are entrepreneurs, they are going to do what is profitable for them in the environment so if the environment is better, of course they too will respond.

Job Search
We do human capacity development training and we feel that part of what we needed to connect with training and development was to imbibe the skills. We have training in entrepreneurial and other job search skills. Apart from that, we started an initiative which I see a lot of people doing now, where we actually post jobs online. We get jobs from people who come for consultancy and from other sources, people have been trained in this programme and they are looking for people to employ. The initiative is to help solve part of our employment problem using the online environment. This is connected to seeing how we can use IT to create jobs.

Jidaw’s Annual Software Development Capacity Building
Essentially we do the software training on annual basis to promote software development though we are not known for software development, we have identified that software development is at the core of all IT innovations. Anything new coming through information technology is software driven. It is an area in which we can tap into the creative abilities of young people that are actually being wasted. A lot of young people focus more on things like entertainment and sports but we are saying that those young people can use their ideas and their energy in the area of software development because it is an area that offers so many opportunities both to the country in terms of employment and also for foreign exchange earnings. The start up is not really as high as in other businesses. It is an initiative of ours that we do annually to sensitize people and create awareness on the importance of software development.

Assessment of Software Development in Nigeria
I think there need for re-orientation and a change in how we do things. A lot of organisations invest more in foreign software. There still has to be something in the environment that will encourage people to patronize their own and to develop the quality because you cannot keep on giving the excuse that foreign software have better quality than local software, when are your local people going to meet up? In the knowledge economy, it is those high value areas that will give you sustainable development, not the consumption. A lot of what we do here especially when we are buying software is that we are consuming at the expense of developing our local industry. Software development is one of those critical areas that we can tap into. If we can tap into it, it will actually transform our economy.

Software Piracy
Piracy is a double edged sword in the sense that what makes piracy thrive is that we do not have the controls and at times we also look at it from the point that what are the kind of things we are focusing on. Piracy has a lot to do with proprietary software and we are not really doing enough to develop other types of software especially the open source which is not affected by piracy. When you do that and you do not have a strategic plan, you look at the kind of environment. This kind of software because of this population let us sell it at this rate. You have earning power and the ability to pirate is huge. Can you police piracy? Why it is blossoming is because it is available and affordable for a lot of people. Once you can block those areas and create an environment where it is not affordable, where it is not available, you bring down your own prices too. It is not a good thing. Someone took his time to write these programmes, it is intellectual property and someone without doing anything steals it and starts making money from it. We cannot just complain about it, we have to change the environment by doing something about it

Policing Consumers
Part of what we are looking at is that can some of these software providers actually look at the mass market in Nigerian and bring down their prices to have an available pricing for Nigerians so that by the time you compare their prices with the pirated version, you do not see why you should get the pirated version that might be infected by virus with no support base after purchase. That is part of what I mean by policing it and when you discover that piracy is going on, what actions do you take? You cannot go everywhere, that means you have to target particular places and heavy consumers of pirated products. Piracy is not good but its impact is more on heavy users.

Encouraging Nigerians to Transact Businesses Online
Buying online is cheaper. If you are in Ikeja, you do not need to go to Victoria Island to make a purchase. You can view what you need online and also order it online. We need to emphasize more on the security and threats to building more confidence. Building confidence aligns with what we are doing about cyber security. This is one of the things we are trying to push through the Nigerian Computer Society (NCS) to ensure that the Cyber Security Bill is passed. There is no legislation. Electronic transactions that are fraudulent can be traced and either merchants or consumers that are using the electronic environment fraudulently should be punished. Once people start seeing that it is effective, they will start using it. Assuming you are a merchant, you should give users the confidence and an environment of safety while they are using your portal or using your online shop. That is what I advice merchants to do. Generally the society itself needs legislations to back up some of these things and enforcement as well. It is not just a question of the laws being in place with no one to enforce it. The law must be enforced. It is not the IT professionals that will do that. The law enforcement agency doing the enforcement must also understand what it is enforcing because it is not physical security.
 
Cashless Policy
Nigeria is ripe but not ready for cashless transactions. You can never wait until you are ready because if you are going to wait until you are ready; you will keep on waiting and by the time you are ready, others would have moved on to another phase. It is something that is available now but definitely there are issues and rather than run from those issues we can confront those issues and deal with them properly. One is the issue of telecom infrastructure, issue of failure in connectivity. We have to address those issues but when are we going to address those issues if we do not address them now? How we can make it practical for users. You have to make it attractive and make users confident in it and feel that it is superior and make it more profitable for people.

Upcoming NCS 24th Annual Conference
The conference is called Cashless 2012 and it was agreed upon by the national executives of the NCS that one of the most critical issues facing Nigeria now is how we can use IT to drive development and our focus this year is the financial sector. The financial sector based on this cashless policy is heavily dependent on technology and as a responsible professional stakeholders association; we feel that we should raise the issues. It is not just for bankers, finance houses and people to discuss. What are the technical issues, what can provide the backbone for the national infrastructure. If there is no technology, there can be no cashless society. The Nigerian Communications Commission executive vice chairman will be there and he is going to tell us what NCC is doing to make sure that quality of service improves, the quality of telecom infrastructure improves because it is also the backbone of going cashless. We have people that are going to talk on security because some of the benefits of using IT is convenience, ease of use, speed at less cost but there are also associated threats. What are the responsibilities of we as IT professionals in the area of security, what are the responsibilities to make sure people are secured as they go cashless. It is not about pushing technology on people, how do you change the culture of people for them to be carried along.
We are also looking at the postal sector. That means the postal sector, not just Nipost must also be connected to the delivery of the service. We are looking at the implications of the postal sector on e-business so that at the end if the day, it is truly effective and those technology practitioners play their parts as well because we are the real backbone of cashless and that is why we are championing it.


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Mutual Benefits Decries Nigeria’s Credit Gap, Offers Solutions

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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.

Mutual Benefits Decries Nigeria's Credit Gap, Offers Solutions

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, health coverage 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.


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Trashverse Recycling Technology Emerges Winner as MTN’s The Gathering on 100 Pitchathon Concludes with N5m Awarded in Aba

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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.

Trashverse Recycling Technology Emerges Winner as MTN’s The Gathering on 100 Pitchathon Concludes with ₦5 Million Awarded in Aba

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.

 


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KidsCook Showdown 2.0 Set to Empower Public School Pupils with Culinary, Life Skills

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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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