General News
Microsoft Delivers Best Cloud Connected Services – Makwane

Kabelo Makwane, country manager, Microsoft Nigeria, holds BComm certificate from the University of KwaZulu-Natal, and MBA from the University of the Witwatersrand.
Prior to his present role as country manager, Makwane served as public sector director in the Microsoft South Africa subsidiary.
He had worked as the regional sales manager, Cisco Systems; portfolio sales executive, Unisys; product manager/account manager, Datacentrix and software and media product manager, Storgate Africa.
Makwane in this interview with peter ugwu, said it was a time when Microsoft can achieve real economic impact in the country based on its focus on unlocking the economic opportunities of Africa.
Microsoft’s Contribution to the Paradigm Shift in Operations of Organizations
In a mobile-first, cloud-first world, Microsoft is committed to delivering the best cloud connected services on every device.
For more than two decades, Microsoft Office has been the chosen productivity tool for consumers and businesses alike.
Our innovation in mobile and cloud scenarios ensure that Office will be the productivity service of choice for many years to come, alternatives don’t compare.
Microsoft’s Strategy
Our strategy is one that says: We want to be the do more Company that enables people to be more; which essentially means enabling high value activities irrespective of the sector, or whether people are at home, on the move or at work.
I can say that our niche is in human capacity or skills development, retail or services, because we are servicing the spectrum of the entire market.
Sectors like the public, private, consumer or enterprise, have our backing; our broad portfolio of products allows us to do that with comprehensive solution offerings in the experiences we can enable through our proportions.
BYOD Era and Helping CIOS Make It Happen
Microsoft helps enterprises address BYOD, so employees can use the devices and services they love and IT can protect company data.
Our approach is more than mobile device management. It starts with employee identity, trust, security and includes devices, apps and cloud services.
While Bring Your Own Device (BYOD) can bring potential benefits to organizations, and it also creates specific challenges, particularly regarding device management, the segregation of data and security.
There must be a balance of establishing clear policies and the right services: Companies in Nigeria need to put the proper device management systems and infrastructure in place to ensure that their company is not put at risk and at the same time benefit from a more engaged and motivated workforce by making devices and company services conveniently available.
Further, policies need to be implemented to ensure workers are using devices and services that will best enable them to do their jobs effectively.
How Has Microsoft Contributed to Skills Development in Africa
This is one of biggest focal areas, because it is typically the biggest challenge we see in unleashing and realizing the potential of the Nigerian and Africa’s ecosystem.
Broadening the skills pool is something very core to our strategy for Africa. One of the key pillars of our investing in Africa is creating 21st Century skills and those that are exportable, at par with any other skills globally.
What are we doing right now? We have launched an internship program; we have 17 interns in our Lagos office on a twelve month program.
We are planning to expand the program. These interns may not all end up only employed by Microsoft. We will make them available once they sort of on top of their program.
They will be available to our channel partners or customer who wants to employ them, because they would have become highly skilled.
We are partnering broadly with over 2000 partners in identifying strategies in which we can drive partner enablement to broaden the skills pool.
We will continue to build capacity for these partners to continue to deliver to clientele throughout the Nigerian market.
The other thing we look at is how do we tap into the academic institutions and partner with them. For example in Anambra State, we are setting up ICT Academics together with the Academic Institutions in conjunction with Anambra state.
These are ongoing projects. Essentially, we are looking at ways in which we can expand these projects to reach more youth.
In looking to reach as many people as possible the downstream economic impact could become more evident.
Various Programmes under 4afrika Initiative and their Impact
Microsoft and its partners work closely with organizations and people across Africa to fully harness the power of innovation to meet the needs of our countries and communities.
Through flexible solutions, programs and partnerships and a business model that puts people first.Our objective isn’t innovation for innovation sake, but innovation that make real impact for a better Africa.
A year after the launch of this initiative, in terms of collective African impact, we have not only laid much of the groundwork for what we will do in 2014 and beyond, but we have also successfully rolled out four White Spaces projects to provide low-cost, solar powered broadband to communities in Ghana, Kenya, Tanzania and South Africa, not just that, we have signed cooperation agreements with four innovation hubs in Africa, including CcHUB in Nigeria, DTBi in Tanzania, iHub& m:lab in Kenya, and AfriLabs, the pan-African hub network. CcHUB is Nigeria’s first innovation lab and pre-incubation space designed to catalyze creative social technology ventures.
Also, we kicked off the 4Afrika Scholarship Program providing 1,000 scholarships to young African students through our partnerships with the University of the People (online university) and Regenesys Business School (South Africa).
Microsoft further introduced the 4Afrika Advisory Council to ensure the 4Afrika initiative does in fact help Africa become and remain globally competitive for the benefit of Africa’s people.
We also announced additional four youth members to address issues facing youth in Africa, one of which is from Nigeria (Chude Jideonwo).
Today, we have provided innovation grants (seed funding via Microsoft Ventures as well as technical support and mentorship via 4Afrika) for five African startups including access.mobile LLC, Africa 118, Gamsole, Kytabu and Save & Buy, two of which are Nigerian (Gamsole and Save &Buy) .
Through the 4Afrika Interns, we have engaged over 17 interns from Nigeria to work with the Microsoft setup locally. With the aim to give them exposure to world class skills and the opportunity to better equip themselves.
The Initiatives Will Spark Intellectual Property Developments, But The Issues Of Rights And Protection, How Is Microsoft Faring In This Regard?
As a corporate entity we are working with regulatory institutions locally to provide an enabling environment for innovations and protection of their rights on their inventions, we’ve also embarked on some awareness creation campaigns through our “Play It Safe” Campaign to further drive home our message of the need to protect the rights of Intellectual Property.
Nigeria’s Rebased Economy
Perhaps, the most imposing revelations emerging from the rebasing result is the fact that the structure of the Nigerian economy is changing.
The economy is now shown to be driven largely by the services sector, which accounts for 53 percent of the GDP (vs. 29% pre-rebasing).
For the ICT Industry we see a situation where Cloud adoption in Nigeria is expected to grow from 36% to 80% by end of 2014 and with a purported $50 B foreign investment into the ICT sector from International organizations, we would continue to see the IT industry in Nigeria soar in the months.
General News
SERAP Sues CCB over Electoral Act, New Tax law

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Code of Conduct Bureau (CCB) over its failure to investigate an alleged abuse of office in the National Assembly regarding the amendments to the Electoral Act and tax reform laws.

“Public officers hold their offices in trust for the people and must not deploy official power for personal or sectional advantage,” SERAP said in a statement on Sunday.
In the suit marked FHC/ABJ/CS/634/2026, SERAP is seeking an order of mandamus to compel the CCB to immediately probe lawmakers and executive officials involved in the processes.
SERAP specifically wants the CCB to investigate claims that critical provisions on electronic transmission of election results were secretly removed from the Electoral Act Amendment Bill, as well as alleged discrepancies between the tax reform bills passed by the National Assembly and the versions signed into law.
The group is also asking the CCB to refer any public officers found guilty of violating the Code of Conduct to the Code of Conduct Tribunal for prosecution.
No date has been fixed for the hearing.
The statement reads, “We’re also seeking an order of mandamus to direct and compel @CCBNigeria to probe the allegations that certain lawmakers and officers of the executive branch unlawfully altered some aspects of the tax reform bills, which resulted in differences between the tax laws passed by lawmakers and the gazetted copy available to the public.”
SERAP emphasised that granting the reliefs sought would help address critical concerns relating to conflict of interest, abuse of office, non-disclosure of interests, and reinforce adherence to due process.
The group added that, “It would serve to curb the erosion of the Code of Conduct for Public Officers in the exercise of legislative powers.”
“Where lawmaking is shaped by abuse of office and conflict of interest, it ceases to be a legitimate exercise of constitutional and fiduciary responsibility and becomes a legal and ethical infraction prohibited under the Code of Conduct for Public Officers,” the statement concluded.
General News
Tinubu Approves N3.3 Trillion Payment Plan to Boost Power Supply

President Bola Tinubu has approved a N3.3 trillion payment plan aimed at settling long-standing debts in Nigeria’s power sector, in a move expected to improve electricity supply and restore investor confidence.

The development was disclosed in a statement issued on Sunday by Bayo Onanuga, special adviser to the President on Information and Strategy.
According to the statement, the approval followed a final review of legacy debts accumulated under the Presidential Power Sector Financial Reforms Programme over 10 years, spanning February 2015 to March 2025.
“Following verification, ₦3.3 trillion has been agreed as a full and final settlement, ensuring a fair and transparent resolution,” the statement partly read.
The government noted that implementation of the repayment plan has already commenced, with 15 power generation companies signing settlement agreements valued at ₦2.3 trillion.
It added that the Federal Government had so far raised ₦501 billion to fund the initiative, out of which ₦223 billion had already been disbursed, while further payments are ongoing.
Explaining the significance of the programme, Olu Arowolo-Verheijen, special adviser on Energy to the President, said the initiative goes beyond debt clearance.
“This programme is not just about settling legacy debts. It is about restoring confidence across the power sector, ensuring gas suppliers are paid, power plants can keep running, and the system begins to work more reliably,” she said.
She added that the plan formed part of the sector reforms, including improved metering and the introduction of service-based tariffs.
“It is part of a broader set of reforms already underway, including better metering and service-based tariffs that link what you pay to the quality of electricity you receive.
“The government is also prioritising power supply to businesses, industries, and small enterprises because reliable electricity is critical to creating jobs, supporting livelihoods, and growing the economy.
“The goal is simple: more reliable power for homes, stronger support for businesses, and a system that works better for all Nigerians,” she added.
The presidency stated that the settlement of the debts was expected to enhance liquidity across the power value chain, leading to more stable electricity generation and improved service delivery.
President Tinubu also commended stakeholders for their roles in resolving the long-standing issues and confirmed that the next phase of the programme, known as Series II, will commence within the current quarter.
Nigeria’s fragile power supply has been marked by frequent grid collapses, low generation levels, and persistent outages affecting homes and businesses.
A 2024 report by Africa Trade Barometer disclosed that Nigeria loses an estimated $26 billion yearly to power failures.
It said businesses spend about $22 billion annually on off-grid fuel to offset the impact of power shortages. This further pushes operational costs.
“Economic losses arising from Nigeria’s electricity shortages are estimated to be USD 26 billion annually, without accounting for spending on fuel for off-grid generators, which is estimated to be a further USD 22 billion,” the report by Standard Bank said.
“In Nigeria, surveyed businesses must contend with a national grid that frequently collapses as it fails to meet a daily peak demand which is nearly four times its generation capacity,” it added.
General News
Union Bank Looted: How Former Directors Gambled with Billions and Nearly Destroyed a National Bank

The former directors and owners of Union Bank did not just fail, they engineered a financial disaster. They manipulated reports, hid massive losses, diverted foreign loans and treated depositors’ money like a private wallet.

Union Bank
Investigators uncovered billions of dollars in misconduct. These directors buried over ₦250 billion in losses, piled a $300 million foreign loan onto the bank without protection and then forced Union Bank to carry the burden. They even used the bank’s own funds to buy its shares, an outrageous betrayal of trust.
It didn’t stop there. Over $100 million was pulled out improperly, leaving the bank exposed and struggling. Loans meant for customers were secretly diverted into shady transactions. False reports were sent to lenders. The system was deliberately deceived.
This was not incompetence. It was exploitation.
By 2025, their actions had created nearly ₦400 billion in losses and over ₦147 billion in unpaid charges. The bank was on the edge.
The Central Bank of Nigeria (CBN) stepped in just in time. Without that intervention, Union Bank could have collapsed, dragging others down with it.
Now, the bank is stabilising. But let’s be clear: this recovery is happening in spite of those former directors, not because of them.
They didn’t build value. They destroyed it.
And Nigerians deserve to never forget who was responsible.
E-Financial2 days agoCBN, Banks, Fintechs Launch PSPC to Boost Nigeria’s Payment System
News2 days agoNITDA Strengthens Collaboration with NIPSS to Drive Digital Innovation, Orange Economy Growth
General News2 days agoFG, Others Say Nigeria Wastes 38m Tonnes of Food Annually
E-Financial2 days agoCycleFlow, IFC Launch Supply Chain Finance Platform in Nigeria
E-Financial2 days agoAnchor Gets Nigerian, Canadian Licences as Transactions Crosses $2.5Bn
E-Financial2 days agoEcobank Assures of Seamless Easter Banking Services
News2 days agoNRS Takes Over Mineral Royalties Collection Under New Tax Laws
E-Financial2 days agoN4.65 Trillion in the Vault, but is the Real Economy Locked Out?



















