E-Business
Report Says over 100m Nigerians Don’t Have Recognised ID
Over 100 million Nigerians lack access to any form of recognised identy Card (ID), and about 500 million Africans do not have any form of recognisable legal identity, according to a report by VerifyMe Nigeria.

In a report titled, ‘Digital ID in Nigeria: State of the Industry,’ the firm said Nigeria like most other nations operates a foundational ID system concerned with accounting for the population overall, and functional IDs to demonstrate eligibility for certain services such as voting or driving.
According to it, foundational ID systems are identical to national IDs issued by the government to clarify someone’s legal status while functional IDs facilitate the identification and authorisation of a people’s eligibility for specific use cases.
It said, “At last count, approximately 500 million Africans had no form of recognisable legal identity.
“Additionally, over 100 million Nigerians, or a little less than half the population do not have any form of recognised ID, including other non-NIN ID.
“This means roughly 40 per cent of the continent and 50 per cent of the country, respectively, lack an integral enabler of benefits such as accessing a financial product, voting, or participating in online marketplaces.”
The firm added that currently, 15 per cent of Nigerians have both an e-ID card and a NIN while 30 per cent have a NIN (66m) but not e-ID card8 (the physical token linked to the NIN).
According to the report, the nation’s digital identity ecosystem is based on the foundational identity of a National Identity Number, which the government intends to make the most widely used form of identity.
It added that the nation is presently undergoing a multi-year harmonisation effort to connect data from various government agencies’ identity datasets to NIMCs National Identity Database.
It said, “There are at least 19 agencies that will be connected to the NIN upon full harmonisation, which presents a remarkable opportunity to dramatically reduce the cost of identity management on a governmental level through the integration and interoperability of databases across various agencies and departments.”
However, there are currently challenges with digital ID uptake in Nigeria with users having limited incentives for uptake as most citizens find enough coverage in their functional IDs.
The firm added, “Nigeria has mandated that SIM cards be linked to NINs in order to continue mobile phone service, and that BVNs be linked to NINs in order to maintain a bank account.
“Enforcement, however, has been lenient. The enrolment process is perceived by some to be too lengthy, and entry points are not streamlined. Current entry points into the digital ID system do not yet follow a streamlined identification lifecycle that connects the civil registry to the NIN
“Enrolment centres are concentrated in city centres, which poses a challenge to reaching the country’s 48 per cent rural and peri-urban population. More men than women are enrolled in digital ID in most areas of Nigeria. Gendered cultural norms and divisions in labour, access to funds, and access to transport are likely play a role in this discrepancy.
“Lack of interoperability across legacy functional IDs currently prevents enrolment with a user’s functional ID of choice or convenience from also populating the NIDB. Attempting to retroactively harmonise datasets—as the NIMC is presently trying to do—raises concerns about data integrity.
“Neither telecoms nor voter data is AML compliant, as the identities they issue are not unique and can be easily duplicated across multiple locales. Similarly, one can register multiple SIM cards using various combinations of ID data like address or marital status.”
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E-Business
Report Shows Start-ups Fuel Innovations in Africa

Bloomberg has released its second annual “25 African Startups to Watch” list, underscoring the growing influence of venture-backed innovation across the continent.

Published thursday, the list highlights companies building solutions in “environments where infrastructure or systems have failed to deliver.”
The featured start-ups build solutions to challenges such as accessing healthcare in Chad, moving goods in Kenya, securing loans in South Africa, and safeguarding borders in Nigeria.
Nigeria, South Africa and Kenya jointly lead with four companies each, reflecting the ongoing strength of Africa’s three most visible start-up ecosystems.
The 25 companies span 13 countries and sectors including healthcare, fintech, security, climate resilience, waste management, and transport.
Nigeria’s four startups are 10mg Health, Remedial Health, Sycamore and Terra Industries, covering areas from healthcare financing and pharmaceutical supply chain integrity to digital lending and defence technology.
South Africa’s contingent includes Omnisient, Amesect, AURA and Jem. Omnisient uses grocery purchase data and AI to extend credit to those outside traditional financial systems.
Kenya’s notable four include Zeraki, a school-data analytics platform partnering with Safaricom to reach secondary students across the country.
According to Bloomberg, a defining theme this year is the source of funding.
Nearly half of the total capital raised by these start-ups came from African investors, marking a shift from previous years when international capital predominantly drove early growth.
International backers such as 8VC, controlled by Palantir Technologies co-founder Joe Lonsdale, and Google continue to see value in investing in African companies, Bloomberg noted.
The report also highlights that start-ups across the continent almost doubled their debt fundraising in 2025, even as equity financing from venture capital firms declined.
Separately, the Start-up Ecosystem Report 2026 states that Kenya has overtaken Nigeria as Africa’s top startup investment destination, attracting $984 million in 2025.
Jennifer Zabasajja, Bloomberg Television’s chief Africa correspondent and anchor, highlighted the dual significance of the list, the variety of solutions being built and the growing role of African-sourced capital in backing them.
She noted that the list comes at a consequential moment, one shaped by global disruptions, from the conflict in Iran to sweeping cuts in US foreign healthcare assistance, that have made the case for African-owned capital more urgent than ever before.
E-Business
NDPC Raises Alarm: Fake News, Data Abuse Could Destroy Nigeria’s 2027 Elections

Nigeria Data Protection Commission has warned that the growing misuse of personal data and digital platforms could undermine Nigeria’s democratic process ahead of the 2027 general elections.

NDPC
The warning was delivered during the 2026 Press Week organised by the FCT Council of the Nigeria Union of Journalists in Abuja.
Speaking at the event, Vincent Olatunji, national commissioner and chief executive officer, NDPC, who was represented by Itunu Dosekun, head of Media Unit at the commission, said disinformation and unlawful exploitation of personal data posed serious threats to credible elections.
The event had the theme: “2027 Election: Defending Democracy in the Era of Disinformation.”
Dosekun said the struggle for credible elections was no longer confined to polling units, noting that digital platforms had become major channels for manipulated narratives, fake news, propaganda and AI-generated misinformation.
According to him, the rapid growth of social media platforms, messaging applications and data-driven political campaigns has created vulnerabilities capable of influencing voter perception and weakening public trust in democratic institutions.
He warned that the abuse of personal data for political profiling and psychological targeting had become one of the most dangerous threats facing democracies worldwide.
“The misuse of citizens’ personal information carries serious social implications, especially for vulnerable groups who may not fully understand how their data is harvested, processed and weaponised online,” he said.
Dosekun noted that coordinated disinformation campaigns could inflame ethnic tensions, spread fear and discourage civic participation, particularly among young Nigerians.
He described the Nigeria Data Protection Act, 2023, as a critical legal framework aimed at protecting citizens against unlawful data processing and digital exploitation.
According to him, the law gives Nigerians greater control over their personal information while placing obligations on organisations, institutions and political actors to handle data responsibly.
Dosekun also called for stronger collaboration among political parties, media organisations, technology firms, civil society groups and citizens to promote responsible digital behaviour ahead of the elections.
He stressed the role of journalists and media professionals in combating fake news, fact-checking information and safeguarding public discourse.
According to him, protecting personal data should not only be seen as a privacy issue but also as a democratic responsibility necessary for maintaining public confidence, national stability and electoral credibility.
Stakeholders at the event emphasised the need for improved digital literacy, stronger regulation and increased public awareness to prevent the abuse of digital platforms during future elections.
E-Business
Anthropic Raises $65 Bn to Expand AI Research, Innovation

Anthropic, artificial Intelligence company, has said that it has secured sixty-five billion dollars in a new funding round, raising the company’s valuation to about nine hundred and sixty-five billion dollars.

The development places the company ahead of its rival, OpenAI, maker of ChatGPT, which was valued at about eight hundred and fifty-two billion dollars earlier this year.
Anthropic, founded by former OpenAI employees and led by Dario Amodei, chief executive officer, has emerged as one of the leading firms in the global Artificial Intelligence industry.
The company is widely recognised for its advanced coding capabilities and generative AI models, particularly its AI assistant known as Claude.
Unlike some competitors focusing mainly on general consumers, Anthropic has concentrated on delivering AI solutions to enterprise and business clients.
The company also says it places strong emphasis on AI safety while expanding its products and services amid growing competition in the sector.
Krishna Rao, chief financial officer of Anthropic, said the new funding would support the company’s research efforts and help meet rising global demand for its AI technologies.
Reports indicate that the investment round attracted major Silicon Valley venture capital firms, including Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.
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