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Tosin Eniolorunda Innovation Challenge Rewards 3 Bright Young University-based Entrepreneurs 

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In a bid to build a supportive environment for innovation and create new pathways for a future where prosperity is inclusive, opportunities abound, and where the entrepreneurial spirit thrives, Group Chief Executive Officer, Moniepoint Inc, Tosin Eniolorunda has rewarded three University-based young Nigerian entrepreneurs through the inaugural edition of the Tosin Eniolorunda Innovation Challenge, an initiative of the Management Students Association, University of Lagos.

Winner of the Tosin Eniolorunda Innovation Challenge, Halimat Ajoke Ariyo, Founder, Craft by Leemart holding aloft dummy cheque during the prize presentation.

The winners emerged during the 4th Annual Students Entrepreneurship Program, a one-day session which featured keynote presentations, panel discussions, and networking opportunities designed to equip future business leaders with the skills and knowledge needed to foster SME growth and innovation. With the theme, “Bridging The Gap From Micro To Macro: Empowering SMEs To Drive Sustainable National Growth”, participants were challenged to explore simple but creative solutions to the challenges faced by SMEs while underscoring the necessity of fostering an entrepreneurial mindset, and equipping emerging business leaders with the tools to innovate and solve problems effectively.

Speaking to the rationale for the Challenge, Tosin Eniolorunda who was represented at the event by Efemena Ogie, Head of Partnerships, noted that small businesses are vehicles for innovation and problem solving and that empowering them isn’t merely a strategic imperative but a moral obligation toward ensuring sustainable and inclusive prosperity for all.

He added that the initiative resonated strongly with him considering his own early beginnings as an undergraduate of the Obafemi Awolowo University where he was solving problems for his peers on campus.

“This initiative aligns with our vision of powering dreams and being critical enablers for the growth of the SMES across Nigeria.

“We have seen first hand the transformative power of innovation and problem solving as pivotal building blocks for unlocking value, considering that the world belongs to dreamers and doers.

“Our growth has been driven by our ability to listen to the customers as well as providing innovative solutions to the challenges they have faced. Dreams and passions are the fundamental instruments for entrepreneurial activities and the drive to provide financial happiness for all Nigerians has kept us going.

“This Innovation Challenge is a solid platform to help more dreamers move their innovative ideas into becoming tangible ventures that can increase their contribution to the broader economy,” he said.

Not limited to providing student entrepreneurs with seed funding or funds to upscale their ventures (for already existing businesses), the Tosin Eniolorunda Innovation Challenge, which showcased an impressive array of entrepreneurial talent and innovative ideas, also provided mentoring initiatives, workshops and training sessions to participants who are committed to identifying problems and proffering solutions as well as making great impact in their communities.

After a rigorous selection process, five finalists emerged to present their ideas to a distinguished panel of judges, with the winners announced as follows:

1. Winner: Craft by Leemart

   Founder: Halimat Ajoke Ariyo

 A fashion leather brand creating high-quality, customized products – footwears, customized bracelets, wallets, belts, journals and other products with quality leather with a focus on customer satisfaction and personalized experiences.

2. 1st Runner-up: SafeMom

   Founding team: Michael Kolade Sunmoni and Saanumi Oluwaseun Joshua

A healthtech startup addressing maternal mortality by connecting expectant mothers with healthcare resources through an innovative digital platform. These include    24/7 access to healthcare experts, educational resources on pregnancy, childbirth, and postpartum. and support groups.

3. 2nd Runner-up: UNISHOP

Founding team: Bukunmi Ransome-Kuti and Israel Olasupo

A retail-as-a-service platform empowering student entrepreneurs to establish and grow their businesses within the campus ecosystem. It offers basic listings and premium shop pages to drive visibility and marketing for student businesses to thrive in the campus marketplace.

These winners were selected after preliminary rounds by an expert panel of judges drawn from the business and technology ecosystem including industry leaders such as Gabriel Balogun, Head of Learning and Development, Moniepoint Inc, Katherine Adesomoju, CEO, Spectrum Holdings, Samuel Olatunde, CEO/Founder, Edala Homes, and Adeola Sanusi, CEO/Founder, XL Homes.

The evaluation was based on key metrics including market potential, understanding of financial management, growth plans, and business value/competitiveness of the proposed solution and the quality of the presentation and delivery.

An elated Halimat Ariyo who went home with 1 million naira in prize money said: “I’d like to thank Moniepoint and Mr Eniolorunda for this opportunity and the cash incentive. I am energized to take my business to the next level and the world would know my name.”

The Tosin Eniolorunda Innovation Challenge is identifying promising small businesses on campus and providing valuable training and exposure to them underscores the importance of nurturing young talent and fostering innovation for Nigeria’s socio-economic advancement while validating Moniepoint’s commitment to support entrepreneurship, and position young Nigerians for global relevance.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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FG Approves GIS-enabled Digital Postcode to Tackle Logistics Gaps, Boost E-commerce

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Federal Executive Council has approved the rollout of a nationwide alphanumeric digital postcode system, a move believe will modernise the country’s addressing framework and support growth in logistics, e-commerce and emergency services.

The approval, granted under president Bola Ahmed Tinubu, paves the way for the introduction of a Geographic Information System (GIS)-enabled postcode platform designed to provide more accurate and standardised location data across Africa’s most populous nation.

Bosun Tijani, the federal minister of Communications and Digital Economy of Nigeria, who disclosed this via X, said the reform, developed in collaboration with Nigerian Postal Service (NIPOST), would replace inconsistent and often manually described addresses with a structured alphanumeric format tied to geospatial coordinates.

Nigeria’s current addressing system has long posed challenges for postal deliveries, emergency response teams and e-commerce operators, particularly in densely populated urban areas and rapidly expanding peri-urban communities where street naming and house numbering remain irregular.

The new system is expected to improve the precision of mail and parcel sorting, reduce failed deliveries and shorten turnaround times for logistics firms serving a fast-growing online retail market.

Tijani affirmed that the digital postcode framework would extend beyond postal operations, describing it as a foundational layer for national planning and public service delivery. By embedding geographic intelligence into address identification, authorities expect better data integration across agencies responsible for health, security, taxation and urban development.

The reform aligns with Nigeria’s broader digital economy strategy, which aims to build core infrastructure to support fintech, e-commerce and government digitisation efforts.

Industry executives have repeatedly cited weak address verification systems as a bottleneck for expanding nationwide logistics coverage, particularly outside major commercial hubs such as Lagos and Abuja.

Under the new framework, each location will be assigned a unique alphanumeric code linked to geospatial data, allowing for machine-readable sorting and integration into mapping systems. Authorities say this will enable faster emergency response deployment and more efficient route planning for both public and private sector operators.

The government did not provide a timeline for full nationwide deployment but indicated that implementation would proceed in partnership with NIPOST and other relevant agencies.

Officials described the approval as part of efforts to create an enabling environment for a modern and inclusive digital economy, positioning accurate addressing as critical infrastructure in the same category as broadband connectivity and data centres.

For businesses and consumers alike, the shift could mark a structural change in how goods, services and public resources are delivered across the country.


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GSMA, African Operators, Others to Launch Low-cost 4G Devices

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A co-ordinated effort between the GSM Association (GSMA), six African operators and original equipment manufacturers (OEMs) will pilot $40 (R654) entry-level 4G smartphones in six African nations this year.

This, as 710 million of Africa’s population live close to a 4G broadband signal, but have never gone online, with a further 68% not owning a device.

On the continent, entry-level smartphones cost 26% of the average person’s income. For the poorest 40%, the cost jumps to 64% of their income, and for the next 20%, the cost reaches 87%, data from the GSMA has shown.

To address the cost-prohibitive hurdles, the industry body has been a strong advocate of bringing down the cost of devices. It believes that affordable 4G smartphones at scale could bring tens of millions of people online, unlocking access to education, healthcare, financial services, e-commerce and artificial intelligence (AI)-powered tools.

Angela Wamola, head of GSMA Africa, said that the pilots will launch in six countries: DRC, Ethiopia, Nigeria, Uganda, Tanzania and Rwanda.

She added that the pilots build on the minimum specifications for low-cost 4G devices unveiled at MWC Kigali in 2025 and represent a step forward in turning industry alignment into tangible, on-the-ground impact.

The specifications focus on screen size, battery life and storage for a meaningful device that creates utility, particularly in the age of AI, Wamola added.

“Affordability and access of the device is critical for us to resolve. At the same time, getting a device is also about a willingness to purchase, which is about utility. Creating utility relevant to people’s lives, be it in manufacturing, agriculture, information, health and education, etc. It’s about bringing that content and government services online.

“The cherry on top is about local languages. People want to consume relevant content, but it must be in their local language.”

“As the devices land in the hands of the people, the languages will be readily available. Our small, medium-sized entrepreneurs, developers, innovators can begin to create content and products for our population. This is the magic that needs to happen to close the usage gap in the shortest time possible.”

The announcement, made in Barcelona, moves a step further from MWC Kigali by solidifying the vendors and operators that responded to the minimum specifications for the $40 device call, according to Wamola.

The marketplace now consists of private sector operators, as well as original equipment manufacturers that are engaging the six countries where the pilots will take place, she stated.

“At the same time, the GSMA is working with the governments of those nations to understand what fiscal policy incentives can be placed for these $40 entry-level devices, so that they land at the hands of the customer at the same price point.”

Wamola also indicated the coalition is taking a page out of the South African government’s book. It removed the 9% ad valorem tax, commonly referred to as luxury tax, on smartphones within the below-R2 500 price range.

Ad valorem duties are taxes levied on commodities as a certain percentage of their value. For smartphones, the duties are charged at a flat rate of 9%, classifying them as luxury goods.

In May, National Treasury confirmed the luxury tax on entry-level smartphones had been removed.

The GSMA saw how the market responded to adopting those devices when the government of South Africa removed the 9% luxury tax, she stated. “For us, it’s about replicating those lessons across Africa, so that governments can also adopt those.”

Vivek Badrinath, director-general of the GSMA, added: “Affordable smartphones are the gateway to digital and financial inclusion, economic opportunity and innovation; 3.1 billion people have mobile coverage but are not connected to the mobile internet.

“Together with the G6 group of leading African operators, we are sending a clear demand signal to bring low-cost 4G devices to market. In a global context of rising memory costs, governments have an important role in bridging the usage gap. Removing taxes and import duties on entry-level 4G smartphones will be critical to achieving scale.”


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TD Africa, Cisco and Arravo Host C-Level Event on Secure Networking

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The future of secure and intelligent networking took centre stage over the weekend, as leading technology distributor, TD Africa, in collaboration with Cisco and Arravo Technology, hosted an exclusive C-level customer engagement focused on strengthening enterprise security and building resilient network infrastructures.

TD Africa, Cisco and Arravo Host C-Level Event on Secure Networking

TD Africa

The event brought together senior decision-makers from various organisations to explore how businesses can drive resilience and digital transformation through Cisco’s Enterprise Networking, Meraki, and Security solutions.

The session provided practical insights tailored to the evolving needs of today’s digital enterprises, with discussions centred on enabling smarter, scalable network environments while strengthening cybersecurity frameworks.

Speaking at the event, Abiodun Idowu, Head of Enterprise Business at TD Africa, highlighted the growing need for organisations to adopt integrated networking and security strategies in an increasingly complex digital landscape.

“As businesses accelerate their digital transformation journeys, the need for secure, intelligent, and scalable networking solutions has never been greater.

“Through our collaboration with Cisco and Arravo, we are empowering organisations with the tools and insights required to build resilient infrastructures that support innovation while safeguarding critical operations,” he said.

The session also featured an in-depth technical presentation by Theodore Chukwudi, Cisco Solutions Architect, who led discussions on Cisco Meraki’s Cloud-Managed Networking and its role in simplifying network management while enhancing visibility and security.

“Cisco Meraki enables organisations to deploy and manage networks with greater agility and confidence. By leveraging cloud-managed solutions, businesses can enhance operational efficiency, improve security posture, and respond more effectively to emerging threats,” Chukwudi noted.

Offering further insight, Ayantola Olaayan, Director, Enterprise Business at Arravo, emphasised the importance of collaboration in helping organisations navigate modern networking demands. “Strategic partnerships like this enable us to deliver solutions that are both innovative and practical.

“By combining Arravo’s enterprise expertise with Cisco’s technology and TD Africa’s distribution strength, we are helping businesses simplify complexity and build secure, future-ready networks that support long-term growth,” he noted.

Participants gained valuable perspectives on how Cisco’s enterprise networking and security technologies can help mitigate risks, protect digital assets, and support business continuity in an increasingly connected environment.

TD Africa’s collaboration with Cisco and Arravo on this engagement reinforces its commitment to equipping organisations with the knowledge and solutions needed to navigate modern networking challenges and unlock new opportunities for growth.

 


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