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Nigeria Should Take Advantage of Convergence- Oguntonade

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Deji Oguntonade is the managing director of 3Line Card Management Company Ltd, a company set up to bridge the gap in service delivery. Oguntonade reputed for his strength in innovation, human capital development and a never say die attitude has nearly 20 years work experience in the ICT sector. He spoke to hilary okeke.

3line Card Management and e-Payment
3Line Card Management Company is coming to the Nigeria e-payment scene at the right time. We believe what this economy needs now is a company that focuses on delivering more value to the existing payment card users in the country. 3line is poised to deliver specialized value adding business solutions that make electronic payment easy, simple and affordable by the vast retail market especially the unbanked and underbanked. We have identified needs and gaps and we have positioned to remedy such. We are not just another technology company but strictly a payment solutions company. We have also acquired installed capacity to support these solutions and manage the entire life cycle of cards right from design to production, personalization, etc.
Deadline on Issuance of Chip and Pin Card
There are lots of factors to be considered for a successful migration from magnetic stripe cards to the so called chip and pin cards. Chief among this is the upgrade of the current infrastructure, especially channels such as ATMs and PoS to make them compatible for this new card technology. This is a capital intensive investment for banks and other technology service providers in e-payment. Also, the cost of the cards themselves far surpass that of the cards currently in use, hence replacing these cards will also generate issues like who ought to bear the cost – customer or bank? Another question to ask is if chip and pin is really needed in all and every situation. By and large, the greater security offered on the chip and pin platform will eventually drive the market in the direction of compliance. What we envisage is a gradual, rather than sudden compliance.
EMV Chip and Pin Card and Fraudsters
Because of the additional security requirements implemented on the EMV compliant cards, the nefarious activities of fraudsters will be reduced to a very great extent. Also, the cost involved in attempting to break the security is prohibitive enough to make such activities no longer unprofitable as against the case as we know it today. Yes, EMV will reduce card-based frauds.
Interoperability among Switching Companies
I think the absence of proper regulatory framework for this sector is responsible for this phenomenon. Unless something is done to reverse this trend, the growth of the Nigerian e-payment sector will remain rudimentary and at best stunted. We cannot compete in a global world and major global players in electronic payments will not be able to participate adequately in an economy of several disjointed switches. There is a need to streamline and regulate where necessary. The onus still lies very much with government agencies to chart the direction for compliance in the switching business. 3Line has positioned to take advantage of existing technology without necessarily acting as another technology provider. Nigerian users need more values for their card usage and that is what we are willing to deliver.
Freedom Card
The Freedom Card brand is at the core of 3line value proposition and offering. It is the flagship for 3line products. Freedom Card brand’s essence is borne out of a strong philosophy that for every human being, choice is the most desirable form of Freedom – choice of location, achievement, lifestyle, convenience, security, etc. People are simply desirous to live truly free.
The brand has therefore, positioned itself as an enabler for achieving this aspiration of the innate desire for Freedom. Freedom Card brand’s posture therefore resonates this attribute inside out; from our work culture to our various product offerings. We see ourselves as Freedom ‘fighters’ whose ambition is to bring exciting lifestyle experience to Nigerians through innovative and cutting-edge products that truly enable them achieve more, do more, believe more in themselves, especially those excluded from access to financial services and products. Freedom Card believes that there are limitless possibilities and that by being non-conformist, we can question the status quo and discover hitherto unconceivable solutions to make everyday life more fun-filled, colourful, exciting and vibrant. It is in line with the above brand essence that our products and services seek to address every aspect of daily lives of Nigerians with a view to enabling them live truly free using the e-payment platform, while forging deep connection with the Nigerian culture.
Freedom Card is our flagship brand. It is the umbrella name for a bouquet of card based products such as the prepaid card products and the chip and pin cards. An example of application of the prepaid card is in the Freedom Gift Card, which was launched into the Nigerian market last December. This was received with a lot of enthusiasm as it offers the public an alternative and more convenient means of sharing gifts. There are several other products in the Freedom Card suite that will be released over time.
High Downtime at ATMs
It is no longer news that the state of infrastructure in Nigeria is very deplorable. It needs to be understood that for ATMs to work, several infrastructure providers are involved in the value chain right from telecoms to power, IT and even physical security. Once there is a breakdown at one of these points, the chain is broken. You will agree with me that it is not an easy task to control this entire infrastructure without occasional hitches given the state of the entire Nigerian society and other socio-economic factors. For instance, alternative power is supplied per ATM location; separate telecoms is deployed to ensure that ATMs are up and running. To reduce these breakdowns, efforts must be made in appropriate quarters to improve each of the ancillary infrastructures.
e-Commerce Solution
It is something that we would love to do, although it has not fully taken off. The learning curve may be very steep but we are willing to take it in strides and believe that it will catch on with time. The developed economies that we refer to as examples today also took a while to get where they are today. The cultural and social transformation needed to bring about similar change in Nigeria may take some time but the change is inevitable. Much improvement has been seen in the last decade and the trend is still continuing. We would embark on necessary consumer enlightenment programmes; create enough values to give the consumer a need to adopt eCommerce as against other traditional means of conducting transactions. We plan to develop our solutions around the lifestyle of consumers as against forcing them to adopt a standard. So, we are still building up capacity and most likely by the end of the year, we would start having some inputs into eCommerce.
e-Data and e-Identity
Aside from ePayment, the next logical thing that Nigeria will latch on to is convergence of many activities and services that are available in silos today. For instance, health data, vehicle data, insurance details, even bio-data can very well be carried on cards. The adoption of the chip and pin era will further make this possible and achievable. We intend to make carrying such sensitive personal data very portable, secure and presentable in a uniform format to facilitate verification. 3Line is in a position to deliver this as part of its value proposition.
Auto-Reg Scheme
Well, the major achievement is having vehicle details registered electronically and accessible from a central location. Data have been recorded, saved, made available to those that should have access to these data – LASTMA officials, Federal Road Safety agents, Police or Vehicle Insurance company. Now, those records can be accessed easily since they have been compiled and kept in a databank.


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Moniepoint Commences DreamDevs Bootcamp to Transform 20 Top Engineering Talents into Industry-Ready Professionals

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L-r: Onyekachi Ejemba, DreamDevs alumni and Backend Engineer, Moniepoint Inc, Yomi Ojute, Talent Development Lead, Moniepoint Inc, Celestina Dike, Employer Brand Manager, Moniepoint Inc; Fatai Okeleji, Engineering Manager, Moniepoint Inc and Chibuzo Ekejiuba, Facilitator, Semicolon at the launch of the Moniepoint DreamDevs Bootcamp in Lagos.
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Following a call for applications in January 2026 and a rigorous selection process that drew over 9,000 applications from across the country, Moniepoint Inc., Africa’s leading digital financial services provider, has officially commenced the bootcamp for the second cohort of its flagship DreamDevs initiative aimed at bridging the tech talent gap in Africa by equipping recent graduates with industry-ready skills and real-world experience.

The initiative brings together 20 high-potential engineering graduates for an intensive nine-week programme designed to accelerate their development into industry-ready engineers. It will be recalled that candidates, who are recent university graduates from technology, computer science, and engineering fields were invited to showcase their foundational knowledge in HTML, CSS, and JavaScript.

The journey to the final 20 was marked by a multi-stage screening process designed to identify technical aptitude and learning potential. After the initial application review, candidates underwent an online HackerRank technical assessment. From this pool, 50 shortlisted applicants were invited to a physical code challenge, which determined the final participants selected to join the bootcamp.

“At Moniepoint, we believe that Africa’s tech talent can compete on any global stage if given the right environment. DreamDevs is our way of providing that bridge. We’ve seen the success of our first cohort, and this year we’re doubling down to not just to train, but to create a definitive pathway into full-time roles for those ready to engineer financial happiness across the continent.

DreamDevs is about building engineers who can think, solve problems, and contribute meaningfully to systems at scale. This bootcamp is where that journey begins,” said Felix Ike, Co-founder and CTO of Moniepoint Inc.

Delivered in partnership with Semicolon Africa, the bootcamp focuses on strengthening core engineering competencies through structured learning and real-world problem-solving. The curriculum is designed to move participants from foundational principles to production-grade software development, covering Java OOP foundations, data structures and algorithms, Spring Boot API development, and cloud infrastructure.

Participants will gain direct exposure to Moniepoint’s engineering environment, engaging with internal teams to understand how large-scale financial systems are built and maintained. Standout performers at the end of the nine weeks will secure six-month internship placements, with the strongest candidates eligible for full-time employment.

Wisdom Iyamu, one of the selected participants for the DreamDevs bootcamp expressed shock and appreciation.

“I was honestly shocked when I received the acceptance for the first stage. I have many friends who are equally talented and didn’t make it in, so I feel incredibly grateful and excited to be here. I actually applied because a close friend of mine, who is a huge fan of Moniepoint, convinced me to go for it. My expectation for this bootcamp is to learn exactly how to build products that scale. Whether it’s working at Moniepoint or being part of a team building the next billion-dollar idea, I want to be where high-impact engineering happens”, Iyamu noted.

DreamDevs aligns with Moniepoint’s broader vision of using technology to power the dreams of millions and engineer financial happiness across Africa. It complements the company’s existing talent development programs, including HatchDev – a collaboration with NITHub Unilag and the popular Moniepoint Women-in-Tech initiative, now in its sixth year.

The programme also sits in tandem with the federal government’s 3 Million Technical Talent (3MTT) initiative, for which Moniepoint serves as a key sponsor. By providing a specialised pathway from foundational training to employment, Moniepoint continues to invest in the people who will drive Africa’s digital economy forward while serving as the backbone of Nigeria’s small businesses and enterprises to catalyze economic prosperity.

 


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FG Asks MDAs to Halt New Policies Until Full Compliance with RIA

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Federal government has directed all Ministries, Departments and Agencies (MDAs) to suspend the introduction and rollout of new policies, regulations, or major regulatory changes until full compliance with the Regulatory Impact Analysis (RIA) Framework is achieved.

FG Asks MDAs to Halt New Policies Until Full Compliance with RIA

The directive, issued by Princess Zahrah Mustapha Audu, director general of the Presidential Enabling Business Environment Council (PEBEC), is part of efforts to strengthen regulatory quality, ensure policy coherence, and improve the ease of doing business in Nigeria

According to the statement, the RIA Framework, which was formally implemented in January 2025, requires that all new policies or amendments introduced after the date must undergo review and approval in line with its provisions.

She noted the framework has already been circulated to MDAs by the Office of the Secretary to the Government of the Federation and is also accessible on the PEBEC website.

MDAs are therefore expected to familiarise themselves with the framework and align their policy development processes accordingly.

Audu emphasised that while the government remains committed to working collaboratively with regulatory institutions, no new reform or policy would be allowed to proceed without being backed by clear and verifiable evidence.

She explained the directive aims to prevent policy shocks that could negatively affect businesses, investors and citizens, eliminate inconsistencies and frequent policy reversals, and institutionalise evidence-based policymaking across government.

The directive also seeks to enhance transparency, improve predictability, and boost stakeholder confidence in public policies, while ensuring adequate engagement to minimise resistance prior to implementation.

Consequently, all MDAs have been instructed to suspend any planned policy rollouts that have not yet been implemented, ensure that new policy proposals are supported by comprehensive RIA and necessary approvals, and integrate the RIA process into their internal policy formulation procedures.

They are also required to undertake structured and inclusive stakeholder engagement as part of policy development to improve acceptance and implementation outcomes.

The PEBEC boss added that MDAs can access the RIA Framework through its website or seek technical support from the council’s secretariat.

She, however, noted that exceptions would only be granted in cases of urgent national interest, subject to appropriate approval.

Audu stressed that cooperation from all MDAs is crucial to building a stable, consistent and business-friendly regulatory environment capable of driving sustainable economic growth and boosting investor confidence.

 

 

 


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FG Unveils Digital Platform to Showcase Nigeria’s Culture, Tourism Destinations

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The Federal Government has unveiled a new digital platform, NITOUREY, aimed at showcasing Nigeria’s rich cultural heritage and tourism destinations to global audiences.

The initiative, introduced at a press conference organised by the Nigerian Tourism Development Authority, was described as a public-private partnership designed to project Nigeria’s diverse cultural assets.

Speaking at the event on Tuesday, the Minister of Arts, Culture, Tourism and the Creative Economy, Hannatu Musawa, said the platform marked another step in repositioning Nigeria as a leading global destination for tourism, culture and creative excellence.

She explained that the digital project would harness the power of the creative economy and technology to amplify Nigeria’s cultural narratives while creating opportunities for young Nigerians, filmmakers, content creators and tourism operators.

Musawa said, “Today marks yet another significant step in our collective journey to reposition Nigeria as a leading global destination for tourism, culture and creative excellence.

“The initiative aligned with the administration’s economic diversification drive, noting that tourism had the potential to contribute significantly to national growth.

“President Bola Tinubu has a vision to use tourism as part of economic diversification and expansion, and NTDA can play a vital role in achieving that goal”.

She emphasised that NITOUREY would not only showcase destinations across the country but also create economic opportunities within the creative industry.

“Through this initiative, we are not only showcasing destinations across Nigeria but also creating opportunities for the creative industries, including filmmakers, content creators, tourism operators and young Nigerians within the creative economy,” she added.

The minister also stressed the importance of collaboration between government agencies, state governments and the private sector, noting that the platform was a PPP initiative designed to unlock the full potential of Nigeria’s tourism and creative sectors.

“This is a commendable PPP initiative that demonstrates the collaboration required to unlock the full potential of Nigeria’s tourism and creative industry,” she said.

She further assured stakeholders that the Ministry of Art, Culture, Tourism and the Creative Economy would continue to support initiatives that enhance Nigeria’s visibility, attract investment and create jobs.

In his remarks, the Director General of NTDA, Ola Awakan, described NITOUREY as a transformative platform that will redefine how Nigeria is presented to the world.

He emphasised that tourism thrives on perception, visibility, and storytelling, noting that the platform will collaborate with key institutions, including the Nigerian Film Corporation, National Film and Video Censors Board, and the National Information Technology Development Agency, to deliver high-quality content.

Awakan added that the initiative is powered by a strong public-private partnership involving TOURCLIQ Creatives Limited and JM MiSA International Limited, underscoring the importance of collaboration in unlocking the full potential of Nigeria’s tourism and creative industries.

He further revealed that NITOUREY will spotlight iconic destinations across Nigeria’s six geopolitical zones, including Zuma Rock, Yankari Resort and Safari, the Argungu Fishing Festival, Ngwo Pine Forest and Cave, Obudu Mountain Resort, and Olumo Rock, projecting them to a global audience.

The platform is expected to serve as Nigeria’s premier tourism streaming platform, projecting the country’s culture, creativity and destinations to both domestic and international audiences.

 


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