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Nigeria Innovation Summit 2022 Backed by Omnibiz, Nexford University, Microsoft, NCC, NITDA, Union Bank, others

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Nigeria Innovation Summit 7th Edition
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The Nigeria Innovation Summit (NIS) 2022, the hybrid edition, scheduled for Tuesday, October 4 to Saturday, October 8 2022, has received the support of critical industry stakeholders.

Nigeria Innovation Summit 7th Edition

Nigeria Innovation Summit in its 7th year is an annual event that brings together stakeholders from different sectors of Nigeria’s economy, governments, investors, policymakers, and players in the tech and innovation ecosystem to discuss ground-breaking ideas, trends and opportunities to innovate solutions that solve unique challenges within Nigeria, and the African continent at large.

Through previous editions in the past seven years, the Nigeria Innovation Summit (NIS) has attracted over 7,000 delegates, 140 speakers and panellists, 60 institutions and research centres, 950 companies and organisations, 50 tertiary institutions and research centres, 25 government ministries and agencies, delegates from 30 states of the federation, over 100 sponsors and partners, 30 countries in attendance, above 70 innovation awards recipients, and numerous media coverage and mentions.

According to the organisers, participating partner organizations include Microsoft, the Nigerian Communications Commission (NCC); National Information Technology Development Agency (NITDA); Union Bank, Omnibiz, Nexford University, AFEX, IdentityPass, PwC and others.

Prof. Umar Garba Danbatta, Executive Vice Chairman/CEO of Nigeria Communications Commission (NCC), and Mallam Kashifu Inuwa Abdullahi, DG, National Information Technology Development Agency (NITDA) are billed to deliver keynote addresses.

Participants should expect presentations from the actor and content creator, Debo Adedayo, popularly known as Mr. Macaroni; Deepankar Rustagi, Founder, OmniBiz Africa; Ayodeji Balogun, CEO of AFEX; Ruth Iselema, Founder & CEO of Bitmama Inc.; Kenneth Okolie, CEO of SYNLAB Nigeria; Chibuike Goodnews, CEO of Dochase Adx; Favour Chisimdi, Founder of Empress Linguistics Services.

Other key speakers are Greene Apaokagi Maryam (Taaooma), a comedian & content creator; Lanre Ogungbe, CEO IdentityPass; Folake Owodunni, CEO & Co-Founder, Emergency Response Africa; Remi Dada, CEO of Spacefinish; Abimbola Adebakin, Founder/CEO, Advantage Health Africa; Mark Slade, Co-Founder of LCNL & Jara Beach Resort; Frances Aborigho, Founder of Sh’Emerge; Uzor Ugoala, an award-winning creative artist and photographer; Oluchi Enebeli, a Blockchain engineer; Akoh Ochai, Head of Channels, Digital and Innovation at Union Bank Nigeria; Peter Oluka, Founder of Techeconomy.ng, Wole Ayodele, CEO of Fincra, and others.

Speaking on the event, Ms. Grace Akinosun, Partner & Events Director at Nigeria Innovation Summit said “The Nigeria Innovation Week 2022 brings a different tone compared to previous years. The Awards and gala night for instance will be unique and memorable. We are going to recognize companies, organizations, institutions, and individuals that have embraced innovation to move Nigeria forward through their works. And for the first time, we would recognize individuals who are showcasing creative and innovative works in technology, art and entertainment.’

In his comment, Mr. Tony Ajah, Programme Director of NIS, said “This year’s Summit is going to be unique. Besides being a week-long programme with the introduction of Nigeria Innovations Experience Talks (NiX Talks) featuring innovators in different fields and subsets of Nigeria’s economy who would showcase their innovations, there’s the novel Innovation Tour to highly innovative organizations and experience centers to deepen the conversation and relationship with those bringing true innovation and disruption into the Nigerian innovation ecosystem. We would also have expert insights on emerging technologies, and new technologies unveiling”.

Participation is Free; however, you are expected to register https://innovationsummit.ng/registration/. This year’s event will see 2,000+ delegates participating offline and online across the world. The grand event takes place on Saturday, October 8th at Oriental Hotel Lagos.


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Telcos Defend N6.98 USSD Charge despite Failed Transactions

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Association of Licensed Telecommunications Operators of Nigeria (ALTON), has defended the N6.98 Unstructured Supplementary Service Data (USSD), fee charged on banking transactions, insisting that the cost reflects the service provided by network operators, regardless of whether the transaction is completed.

Telcos Defend N6.98 USSD Charge despite Failed Transactions

Gbenga Adebayo, chairman, ALTON, made the clarification during a radio programme, where he addressed growing consumer complaints over what many Nigerians have described as “unfair billing” and the alleged “scam” of data expiration.

Adebayo likened the role of telecommunications companies in USSD transactions to that of a transport service provider facilitating access to banks’ digital platforms.

He said: “The phone company is like a taxi taking you to the bank’s digital office. Even if the bank’s system is down when you get there, you still have to pay the taxi man.

“Every USSD request initiated by a subscriber utilises network resources, irrespective of the outcome of the transaction on the bank’s end.

“When customers make repeated attempts due to failed transactions, telecom operators still provide connectivity for each attempt, thereby incurring operational costs,” he explained.

On the lingering dispute between telecom operators and banks over failed USSD transactions, Adebayo disclosed, “that regulators, including the Nigerian Communications Commission (NCC), and the Central Bank of Nigeria (CBN), are currently reviewing data to determine responsibility for transaction failures.

“Each time you dial a USSD code, the telco provides the access. If the bank does not complete the transaction, it does not negate the fact that the network has already been used,” he added.

The ALTON Chairman also addressed widespread dissatisfaction over data expiration, clarifying that data bundles are sold within defined validity periods and are not designed for indefinite use.

“You can’t carry it in perpetuity, but you have the benefit of extending it without losing unused portions by just resubscribing,” he said.

He explained that subscribers can retain unused data through rollover options, provided they renew their subscriptions before the expiration of the current bundle.

Adebayo further shed light on the concept of toll-free lines, noting that such services are not entirely free but are funded by the receiving organisation.

“There is nothing like free service. These are reverse charge lines where the business or government pays for the calls,” he explained, adding that economic realities have made many organisations reluctant to sustain such costs.

He noted that this has contributed to the limited availability of toll-free services in Nigeria.

While acknowledging consumer frustrations, Adebayo stressed the need for greater public understanding of how telecom services operate, particularly the cost implications of maintaining network infrastructure.

 


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EU Warns Meta Could Face Huge Fine Over Underage Facebook, Instagram Users

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European Union (EU) has warned that Meta may be failing to effectively prevent children under the age of 13 from accessing its social media platforms, including Facebook and Instagram.

EU Warns Meta Could Face Huge Fine Over Underage Facebook, Instagram Users

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The warning followed an investigation conducted under the Digital Services Act (DSA), which found that the company’s age-verification safeguards may be inadequate.

EU regulators said preliminary findings showed that children could easily bypass age restrictions by providing false birth dates during registration.

They also noted that tools for reporting underage users were difficult to locate and use, raising concerns about children’s exposure to inappropriate content and online risks.

EU Executive Vice-President for Tech Sovereignty, Security and Democracy, Henna Virkkunen, said platform rules should go beyond written policies.

“Terms and conditions should not be mere written statements, but rather the basis for concrete action to protect users, including children,” Virkkunen said.

Under Meta’s policies, users must be at least 13 years old to create accounts on its platforms.

However, EU officials said the company’s enforcement mechanisms appeared insufficient and did not adequately address the risks posed to younger users.

If the findings are upheld, Meta could face penalties of up to six per cent of its global annual turnover under the Digital Services Act.

The company, however, rejected the allegations, saying it already operates systems designed to detect and remove underage accounts.

Meta added that it would continue to cooperate with EU regulators on the matter.

The investigation, launched in May 2024, forms part of the EU’s wider push to strengthen oversight of major technology firms and improve online safety for children.

Regulators are also reviewing broader platform design concerns, including features they describe as potentially addictive and harmful to users’ wellbeing.

The EU is considering additional measures, including the possibility of introducing a bloc-wide minimum age restriction for social media use, amid growing pressure for tighter child safety regulations online.


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Experts Highlight Cybersecurity, Power as Key to Africa’s Digital Economy Growth

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Industry experts have identified cybersecurity, reliable power supply, data infrastructure expansion, and interconnectivity as critical factors for unlocking Africa’s digital economy potential.

Experts Highlight Cybersecurity, Power as Key to Africa’s Digital Economy Growth

The experts spoke at the IoT West Africa 2026 Conference and Data Centre Cloud Expo held in Lagos.

In his keynote address, the National Commissioner and Chief Executive Officer of the Nigeria Data Protection Commission (NDPC), Dr Vincent Olatunji, said Africa’s rapid digital transformation was being accompanied by growing cybersecurity threats.

Olatunji said cyberattacks now occur globally every 39 seconds, with annual cybercrime losses estimated at 10.5 trillion dollars.

According to him, Nigeria records over 4,000 cyberattacks weekly, accounting for about 45 per cent of incidents across Africa.

He added that financial losses linked to cybercrime in Nigeria exceeded ₦12 billion in 2024.

Olatunji said global data generation had reached approximately 402.89 million terabytes daily and was projected to increase from 181 zettabytes to 221 zettabytes.

“Data is now the new oil, driving everything from IoT to cloud services and digital platforms,” he said.

He noted that Nigeria’s digital economy was currently valued at 18.3 billion dollars and could double within the next five years.

During a fireside chat on “Role of Colocation in Enabling Africa’s Data Centre Transformation: Opportunities and Challenges,” stakeholders highlighted energy supply, affordability, and global-standard infrastructure as essential to sector growth.

Chief Executive Officer of Nxtra by Airtel, Yashnath Issur, said Africa’s data centre market must compete at international standards.

“This market is no longer local; it is a global business requiring global quality, scale and expertise,” he said.

Chief Executive Officer of Rack Centre, Lars Johannisson, described energy as the sector’s biggest growth challenge.

“Data centres are about power, cooling and people. Energy is the machine that will power our growth, and without fixing it, scaling will remain constrained,” he said.

Managing Director of Equinix West Africa, Wole Abu, stressed the importance of interconnectivity within digital infrastructure ecosystems.

“A data centre without interconnection is like a ship, but an interconnected one is a port that enables trade and economic growth,” he said.

Representing African Infrastructure Investment Managers, Akinsehinwa Akin-Taylor said capital remained available, but investors were now placing greater emphasis on bankability, quality assets, and strong operational records.

Also speaking, Ifeanyi Otudoh of MTN called for broader digital inclusion and stronger local capacity building.

“We must put digital capability in the hands of African innovators and ensure secondary cities are not left behind,” he said.

Gary Chomse of Vertiv noted that unstable electricity supply continues to influence data centre infrastructure design across Africa.

At a panel session on digital twins and data centre optimisation, experts said adopting digital twin technology could improve operational efficiency, predictive maintenance, and risk management.

Chief Executive Officer of Kasi Cloud, Johnson Agogbua, said digital twins could improve power optimisation and help operators detect issues before they escalate.

“The biggest headache in Nigeria is power. Digital twins help you understand how power behaves and visualise problems before they occur,” he said.

Morris Nmor of Uptime Institute said the technology could significantly reduce system failures and operational risks.

Experts also noted that digital twins could improve cooling systems, reduce operational costs, strengthen cybersecurity, and enhance energy efficiency.

They agreed that integrating stronger cybersecurity systems, data infrastructure, and emerging technologies would be essential to building Africa’s digital future.


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