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Nigeria Innovation Summit Sparks Bold Ideas for Sustainable Transformation

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The 10th Nigeria Innovation Summit, which was held on October 7-8, 2025 with the theme “Sustainable Innovation”, was successfully concluded with the participation of delegates and stakeholders across the globe, who took part in the hybrid event.

The Summit is an annual event that brings together stakeholders from different sectors of Nigeria’s economy, 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.

This year’s NIS explored topics such as Driving Data-Driven Healthcare for a Sustainable Future; Driving Sustainable Innovation Through Digital Technologies & Disruptions; Digital Solutions for a Sustainable Transformation; Unlocking Wealth through Intellectual Property: Creation, Protection & Monetization; Innovations in Communications, Strategy, & Brand Positioning; Innovative Financing and Regulations in a Digital Era; Chambers of Commerce as Engines of Innovation and Inclusive Enterprise Development; EdTech for Inclusion: Bridging Educational Gaps and Driving Social Equity in Africa; Reinventing Trust: Innovation and the Future of Credit Reporting in Nigeria, and more.

A key highlight of the Summit were the Nigeria Innovations Experience Talks (NiX Talks), which was powered by African Innovation Academy. The NiX Talks focused on “Digital Solutions for a Sustainable Transformation & Building Sustainable Solutions for Impact”. Other Summit features were fireside chats, panel discussions/interactive sessions, Quick Pitch (Pitch-a-Thon), innovation showcases and exhibitions, and expert insights on emerging technologies and their applications in solving local problems. The Governor of Lagos State, Babajide Sanwo-Olu was the Special Guest of Honour. He was represented by the Commissioner for Innovation, Science and Technology, Olatunbosun Alake.

Some of the speakers and panellists include Dr. Chinyere Almona, DG/CEO, LCCI; Dr. Jameelah Sharrieff–Ayedun, Chairman, CBAN; Prof. Michelle Lane Messina; Nafisat Abdulmalik, Manager Strategic Engagement, eHealth Africa; Zusi Inegbeniki, Founder, FounderxAI; Richard Pepple, Founder, Technoville Nigeria; Sheila Moor, Founder & CEO, Fresh Fare Limited; Victor Boyle, CEO, GIVO; Teresa Aligbe, CEO, Phenom Communications; Obinna Iwuno, President, SiBAN; Chiemela Anosike, Founder/CEO, Solaris GreenTech Hub; Nnedinma Obioha, Founder/CEO, TecTerminal LTD; Adaobi Orajiaku, CEO/Founder, Atsur; Favour Chukwuedo, Founder, DigiLearns; Kevinblak (Governor Amuneke); Audrey Odogu, Senior Business Development Manager, eHealth Africa; and others.

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The crowning of the Nigerian Innovation Summit (NIS) X was the 2025 Nigeria Innovation Awards. The Nigeria Innovation Awards recognises and awards key innovators at the forefront of the Nigerian Innovation landscape, as well as disruptors bringing positive and empirical impacts and progressive solutions to unique challenges in our society.

The 2025 Nigeria Innovation Awards awardees include TotalEnergies for Championing Sustainable Energy Solutions In Nigeria; eHealth Africa for Advancing Healthcare Access Through Technology; Rise Networks for Driving Social Change & Youth Inclusion Through Technology; DigiLearns for Transforming Education Access For Sustainable Impact; Lumos Laboratories for Waste-To-Energy Technology Leader of The Year; Louer Global Limited (Louer Group) got the award as the Best E-Government Service Company. For individual category, Kevinblak (Governor Amuneke) won the award as the Most Innovative Content Creator of the Year. While Ugochukwu Okoli was the Outstanding Cyber Intelligence Professional of the Year

The 10th Nigeria Innovation Summit had in participation delegates from government agencies, diplomats, academic communities and research institutes, international organisations, investors, entrepreneurs, business/thought leaders, innovators, startups, and students.

The 2025 NIS concluded with an Innovation Tour to MTN Cloud & Data Center, where some delegates deepen the conversation and relationship with those bringing true innovation and disruption into the Nigerian innovation ecosystem.

This year’s Summit received huge support from MTN; the International Society for Professional Innovation Management (ISPIM); Lagos Chamber of Commerce and Industry (LCCI); WEVO; Vendelux; Ideamarketplace; CBAN, and SiBAN as partners, and was proudly sponsored by the Bank of New Innovation Limited (BONI), eHealth Africa, and the African Innovation Academy.

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The Summit also has the following as its official media partners The Cable; Tech Insider; Brand Times; Techeconomy.ng; ITpulse; RaveNewsOnline; Coinratecap; Nigeria Communications Week; Techtrends Africa; Naijapreneur.com; Tech Cartel, Tech Clout; and more. The Nigeria Innovation Summit was organized by InnovationHub Africa.

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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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NCC Asks Telcos to Make Budgetary Provisions for Cybersecurity

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Nigerian Communications Commission (NCC) has directed telecommunications operators to make dedicated budgetary provisions for cybersecurity as part of efforts to strengthen the resilience of Nigeria’s communications infrastructure against the growing wave of cyber threats.

NCC Asks Telcos to Make Budgetary Provisions for Cybersecurity

 

The directive forms part of the Commission’s Cyber Resilience Framework for the Nigerian Communications Sector (CRF-NCS), which introduces new governance, risk management and operational requirements aimed at safeguarding the country’s critical telecommunications infrastructure from increasingly sophisticated cyberattacks.

Under the framework, all licensed telecom operators are expected to establish formal cybersecurity governance structures, dedicate adequate financial resources to cyber resilience programmes, and integrate cybersecurity into their enterprise-wide risk management processes.

The Commission said operators must ensure cybersecurity investments are no longer treated as optional operational expenses but as strategic business priorities necessary to protect network infrastructure, customer information and the country’s digital economy.

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According to the NCC, licensees are expected to allocate sufficient budgets to support cyber risk assessments, security technologies, staff training, incident response capabilities, continuous monitoring and compliance with regulatory requirements.

The framework also requires operators to designate senior executives responsible for cybersecurity oversight.

At the same time, boards of directors are expected to provide strategic direction and ensure adequate funding for cyber resilience initiatives.

Speaking on the need for a stronger cybersecurity regime during the unveiling of the framework, Abraham Oshadami, executive commissioner, Technical Services, NCC,  said, “Given the increasing digitalisation of services, the rapid growth of data exchange, and the sophisticated nature of modern cyber threats, the need for a robust, adaptive and inclusive cybersecurity framework has become more urgent.”

He added, “Both state and non-state actors are targeting essential sectors—including ours—through coordinated cyber and physical attacks. These attacks frequently target control systems and data integrity, underscoring the critical risks posed to operational technology (OT), especially in our sector.”

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“As cyber threats evolve, they endanger not only system performance but also human safety, amplifying the severity and consequences of disruptions to vital communications infrastructure. Cybersecurity now encompasses human safety and must address the real risk to people’s lives when a system is attacked or compromised.”

The Commission further stated that operators are required to develop comprehensive cybersecurity implementation plans, conduct periodic risk assessments, establish business continuity and disaster recovery procedures, and regularly test their cyber defence capabilities.

In addition, the framework makes cyber incident reporting compulsory. Licensees must inform the NCC’s CSIRT of any major cybersecurity breach within four hours of discovery, and provide a thorough post-incident analysis after mitigation is complete.

 

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Glo Leads Internet Growth Figures in Nigeria for May

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Digital solution provider, Globacom has recorded the highest Internet subscriber growth among Nigeria’s major telecom companies for the month of May.

Data from the Nigerian Communications Commission, NCC, Nigeria’s total Internet users increased to 157 million in May, up from 154.3 million in April. That is a growth of 2.67 million users in one month.

Globacom led the market by adding about 1.2 million new Internet subscribers. This means Glo was responsible for almost half of all new Internet users in May.

The company’s subscriber base grew from 15.5 million in April to 16.8 million in May. Airtel came second with 1.07 million new users, moving from 54.8 million to 55.8 million. MTN added 382,894 users to reach 83.5 million.

T2 Mobile, formerly 9mobile, recorded no growth for the second month in a row. Its subscriber base remained at 802,534. This is despite its roaming agreement with MTN, which was approved almost a year ago to help T2 customers use MTN’s network in areas with poor coverage.

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Industry experts say Glo’s strong growth is due to its ongoing network upgrade. Since last year, the company has been building new base stations, expanding its fibre network, and adding thousands of new 4G sites across cities and rural areas.

The upgrades have improved voice and data quality for customers, while Globacom remain committed to providing better network experience and affordable Internet services to more Nigerians.

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MTN Paid 600Bn in Taxes in H1 2026 – Kadri, MTN CFO

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MTN Nigeria’s half-year 2026 performance reflects more than revenue growth, highlighting the wider economic activity generated through tax payments, infrastructure investment and shareholder returns.

MTN Paid 600 Billion in Taxes in H1 2026 - Kadri, MTN CFO

Kadri, MTN CFO

Beyond its financial results, the telecommunications operator said it continues to channel substantial resources into expanding network infrastructure, meeting statutory obligations and delivering value across its stakeholder ecosystem.

The company disclosed that it paid more than ₦600 billion in taxes, customs duties, regulatory levies and other statutory obligations over the past year.

It also invested over ₦1.6 trillion in capital expenditure since January 2025 to expand network capacity and improve service quality, while declaring an interim dividend of ₦26 per share for shareholders.

Speaking on Arise News’ Global Business Report, MTN Nigeria’s Chief Financial Officer, Modupe Kadri, explained that the company’s earnings are shared across several stakeholders before returns reach investors. “For every one naira of revenue, about 24 kobo becomes profit.

“The government receives over ₦600 billion through taxes and levies, operating costs account for a significant portion of our revenue, and every participant within the ecosystem benefits from the value we create,” he said.

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According to the Nigerian Communications Commission (NCC), telecommunications remains one of the largest contributors to Nigeria’s Gross Domestic Product, supporting digital financial services, education, healthcare, commerce and public services. Continued investment by operators has also been identified as critical to expanding broadband access and improving digital inclusion across the country.

Kadri noted that shareholder returns remain an important part of MTN’s capital allocation strategy, but stressed that they represent only one aspect of the company’s broader economic contribution.

“Even when we declare dividends, the government still receives withholding tax, while we continue investing heavily in our network because sustaining quality service requires ongoing capital commitment,” he said.

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