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There is Ready Market for Alheri and New Players – Jegede

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Stanley Jegede is the chief executive officer of Phase 3 Telecom, a company with one of the largest fibre backbone network in Nigeria.  Jegede has a Master degree from Middlesex University, U.K in Business Information System, and has worked with key telcos in the U.S and UK. He decided to come back home to ensure that Nigeria gets the most reliable infrastructure for quality services to the end users. Jegede spoke to Chris Alu in Abuja.

Phase 3 and Carrier Services
We are coping with it because we have been able to lay fibre optics on cable lines within some of the cities in Nigeria. So with this, we are able to transmit voice and data successfully and also ensure connectivity through this means effectively, without problems.
Partnership with Alheri
Our partnership is to enable us have one network, to ensure that we have the longest fibre optics in the country and also ensure that we provide all the connectivity across all the states. Our goal is to cover as much as 14, 000 kilometers fibre within Nigeria. What I am saying is that our customers leverage on this capacity to provide services. We have laid fibre on power lines in Benin, Jos and Akwanga. We pass traffic on to Alheri and Alheri gets it to the other end. As you know, we have rights to be on power grid and Alheri also has right to be on the same power grid.
We are building ours on the Western end, while Alheri is building on the Eastern end. So, it is a great marriage between us. Our coming together is to make a difference for our dear country in voice, data transmission and connectivity. We are going to ensure that connectivity is at its best so that operators will also provide the best services to their end users.
Alheri’s Chances in the Telecom Industry
Definitely, Alheri is going to surprise Nigerians. They are working towards ensuring they provide the best and reliable infrastructure, and that is why we decided to partner with them to offer services as good as what Phase 3 is offering. It is going to compliment the infrastructure that we have already deployed in the country. They stand a chance of providing quality and needed services within the country.
Challenges of the Operating Environment
Our mode of deployment is completely different; we are not excavating and putting fibre in the ground. We are laying fibre on the power grid, which is quite challenging because we do this with helicopters. We have engineers that are regarded as the best in power lines who are as skilled as expatriates in this area. The challenges are getting the best people that can do the job and building the most reliable fibre optic infrastructure not only in Nigeria, but in West Africa. So far, we have done well in that regard.
Fibre Optic Project
It is actually from the West and connects to the Eastern part of the country. Phase 3 is taking it from the Western part, while Alheri is running from the Eastern part of Nigeria. Like I said earlier, we are connected in Benin, Jos and Akwanga, and they are the three major cities that we are going to be joining with Alheri and passing on huge amount of capacity, which Alheri will successfully deliver. Again, be aware that we are located in every substation in the country and as such, we do not require generators to power our equipment on transmission. So, that gives us an edge.
Laws of the Country on both Telecom Operators and Your Services
I believe the regulators have made the approach to operating in the industry quite clear. There are rules and there are processes. Government has supported every operator in every way possible, and has given us an enabling environment to operate.  Although we have some little bottlenecks, but we are working closely with the regulators to offer what is required as the needed transmission infrastructure in the country, and they have given us much support.
Proliferation of Optic fibre on Power Lines and Ground
Phase 3 will only concentrate on its core business – providing services to the end users like you and I, and not providing services and also running backbone. Some operators have gone ahead to build infrastructure not because they really wanted to, but because at the time those decisions were made, they did not have anything to rely on. Nitel was unable to build infrastructure which they would rely on, so they had to fashion something to transmit with. But with Phase 3 Telecom providing and building a reliable infrastructure, it makes business sense for operators to take all their transmission needs to a transmission provider like us to provide the services. That would enable them to concentrate on what their core business is.
Quality of Telecom Services, Nine Years after Telecom Revolution
In terms of services, we have done very well in Nigeria. In the first five to six years when mobile telephony was launched, the telcos had problems and challenges. A lot of things that affect services can be attributed to power and issues like transmission. Now I can say that we are getting better and we will get a lot better. The operators are doing everything possible to improve on the quality of service.
Contribution to Health Insurance Scheme aside other Taxes, Levies
It would be a burden on operators to pay more out of their revenue. It is probably going to be a long and daunting task for most of the operators, especially now that there is global economic recession. For me, I think it is time to think strategically and try to keep spending minimal.
Services to Financial Institutions
What we have is dynamic. It is not just for operators. Operators are the ones that require huge capacities more than other clients and we have such provisions. Our infrastructure is for everyone – multinationals, corporate organizations, banks, businesses, parastatals, ministries, GSM and CDMA operators. These customers can ride on our infrastructure to get from one city to another, not only in Nigeria but in the entire West African region. Phase 3 is at the forefront of supporting sub regional integration.
Phase 3’s Investment in the ECOWAS Sub Region in Three Years    
We have so far spent over $100mliion in building the existing infrastructure, and our target is to spend another $200 million to actualize the region’s connectivity.
Direction of the Telecoms Industry
I think the telecom industry is a big industry. Transmission is just one aspect; building infrastructure within Nigeria is another aspect. The industry will continue to grow; there is room for great achievement, and we would see the number of subscribers increase significantly above what we see now, because there is market for 140 million people.
Global Crisis and the Telecoms
It will definitely affect the industry but not badly. Like I said, this is the time to think strategically. Operators and infrastructure providers should look at the most commercially viable aspect of their businesses and pay attention to that. While we are going through the recession period, spending should be low because operators will continue to exist, players will continue to come into the market. This is just the time to be mindful of what we are doing.
New Players in the Telecoms Market Considering Meltdown
They will cope. Visafone is a new player and their subscriber base is over a million now.
Etisalat is also doing well, and I assure you that if other operators come in with new concepts, they will do well too and with the number portability initiative by the NCC, people can move from one line to another without changing their numbers. The market is theirs.
Sea Cable and Power Line
It would complement our infrastructure. If see cable comes into the sub region with IP bandwidth, we have to work with the provider of this IP bandwidth to distribute them across the country. It would definitely complement our services.
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General News

FG Says It May Reject World Bank Loans over Delays

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Dr Shamseldeen Ogunjimi, accountant-general of the federation, has warned that the federal government may reject loan facilities from the World Bank if delays in approval and disbursement persist, saying prolonged timelines could undermine the country’s willingness to proceed with such arrangements.

FG Says It May Reject World Bank Loans over Delays

The warning was contained in a press statement issued on Friday by Bawa Mokwa, director of press and public relations at the office of the accountant-general of the federation.

Ogunjimi, who spoke in Abuja during a courtesy visit by a World Bank delegation led by Mrs Treed Lane, stressed that Nigeria expects timely processing of funding requests, given that the facilities are loans and not grants.

He said, “If approvals take more than six months, the Nigerian Government may no longer honour such arrangements,” highlighting concerns over bureaucratic delays in accessing development financing.

The AGF noted that as a responsible borrower, Nigeria should not be subjected to prolonged approval processes that could affect project execution timelines and broader development objectives.

He therefore urged the World Bank to “expedite the approval and disbursement of project funds to Nigeria” to support the country’s priorities.

Ogunjimi emphasised that the loans carry repayment obligations, making it imperative that disbursement processes align with project schedules and fiscal planning frameworks.

He further disclosed that the Office of the Accountant-General of the Federation had begun addressing key issues raised earlier by the World Bank, particularly in public financial management and audit reporting.

According to him, the 2023 Audit Report would be submitted to the Office of the Auditor-General for the Federation within two weeks, while work on the 2024 and 2025 audit reports was already underway.

The AGF also assured the delegation that steps were being taken to resolve concerns around the digitalisation of the Government Integrated Financial Management Information System, noting that obsolete infrastructure was being replaced with modern technology to improve efficiency and service delivery.

He said the reforms were part of broader efforts to strengthen transparency, accountability, and the overall public financial management system in Nigeria.

Earlier in her remarks, the World Bank delegation leader,  congratulated Ogunjimi on his recent appointment as African chairman of the Association of Accountants-General.

Lane also urged the Office of the Accountant-General to sustain its digitalisation drive and ensure the timely presentation of financial statements to the Auditor-General, noting that such measures were critical to achieving seamless public financial management processes.

The World Bank earlier explained why about six loans worth $2bn, signed for Nigeria in 2024, are yet to be disbursed nearly a year after the bank’s approval.

This came amid recent reports that the World Bank approved a total of $8.40bn (N12.89tn) in fresh loans to the country over the past two years, based on data from the bank’s official website.


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AfDB Approves $61m Package to Boost Women-led Businesses in Nigeria

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The Board of Directors of the African Development Bank Group (AfDB) approved a $61 million financing package for the Development Bank of Nigeria (DBN) to expand access to affordable credit for women-owned and women-led businesses across Nigeria, particularly in the agricultural sector.

The financing comprises three instruments: a $50 million gender-focused line of credit; an $8 million concessional facility under the Agri-Food SME Catalytic Financing Mechanism (ACFM); and a $3 million grant under the Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative, funded by the Women Entrepreneurs Finance Initiative (We-Fi).

This package demonstrates the Bank’s commitment to private sector-led growth by combining long-term financing, concessional resources, partial credit guarantees, and capacity-building support. It will be chanelled through DBN’s network of participating financial institutions to strengthen MSME lending and advance Nigeria’s inclusive economic transformation, particularly through women entrepreneurship and agricultural development.

A defining feature of this operation is its strong gender focus, with more than 95 percent of the total financing earmarked for WSMEs. This targeted approach aligns with the objectives of AFAWA and ACFM and the Bank’s broader commitment to narrowing the gender financing gap in Africa. The performance-based incentives under the AFAWA programme are expected to expand the number of eligible women-owned enterprises while increasing the share of women-focused lending within DBN’s MSME portfolio.

Commenting on the approval, Dr Abdul Kamara, Director General of the African Development Bank Group Nigeria Country Office, said: “Women entrepreneurs are one of Nigeria’s greatest economic assets and one of its most underleveraged. This operation reflects the African Development Bank’s commitment to unlocking economic opportunities for women.

“By working through DBN to reach women-owned businesses in agriculture, clean energy, healthcare, and beyond, we are not just expanding access to credit; the Bank is investing in the engine of Nigeria’s inclusive economic transformation.”

The approval further deepens a longstanding partnership between the African Development Bank and the Development Bank of Nigeria, dating back to the AfDB’s role in DBN’s establishment through start-up equity, long-term financing, and governance support, alongside the Federal Government of Nigeria and other development partners.

The operation aligns with the African Development Bank’s Four Cardinal Points framework, particularly the pillar on harnessing demographic transformation for economic development, as well as the Bank’s Ten-Year Strategy (2024-2033), which prioritises inclusive growth, private sector development, and gender equality.

It also supports Nigeria’s Country Strategy Paper (2025–2030), which emphasizes gender- and youth-inclusive green growth, and complements national priorities on entrepreneurship, inclusive development, and women’s economic empowerment.


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NRS Extends Saturday Tax Office Operations Nationwide Ahead of Rev360 Rollout

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The Nigeria Revenue Service (NRS) has announced the extension of weekend tax office operations across the country as part of preparations for the rollout of the Rev360 Phase I Tax Administration System.

In a public notice issued in Abuja on May 7, the Service stated that all Emerging, Medium, Large, and Government Business Offices nationwide will now open on Saturdays from May 8 to June 27, 2026.

According to the notice, the offices will operate between 10:00 a.m. and 3:00 p.m.

The NRS explained that the initiative is aimed at providing additional taxpayer support and improving service delivery during the implementation of the new tax administration platform for Medium and Emerging Taxpayer segments.

The Service noted that the extended Saturday operations are designed to assist taxpayers requiring guidance with the new system, facilitate seamless compliance during the June peak Companies Income Tax filing period, and improve access to tax services outside regular weekday hours.

It encouraged taxpayers to take advantage of the initiative to resolve tax-related matters, seek necessary guidance, and ensure timely compliance with their tax obligations.

“The NRS remains dedicated to delivering efficient, transparent, and taxpayer-focused services,” the statement read.

The notice was signed by Zacch Adedeji, PhD, Executive Chairman of the Nigeria Revenue Service. “You say Transformation, We say Rev360.”


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