E-Business
A dirge to the NgREN

One of the proudest moments in the history of the Nigerian Education sector was the successful implementation and commissioning of the Nigerian Research and Education Network (NgREN).
Being the first of its kind in Sub-Saharan Africa, the pomp and pageantry that accompanied the unveiling event seemed justified and earned.
The network which boasts 465mbps of internet capacity represented 20 times the average connectivity capacity leveraged by the universities.
This was a project conceptualized, deployed and managed by Nigerians under a consortium of indigenous companies including CWG Plc, Airtel, Medalion, Resourcery, and Phase 3; finally, a project for us by us.
The idea of the NgREN was conceptualized as far back as 2004. After a long period of dormancy, it was revived under the auspices of the Nigerian Universities Commission (NUC) and the Committee of Vice Chancellors (CVC) in January 2010.
The objective was for a Research and Education Network that will connect all Higher Institutions of Learning together, and to the global Research and Education Network.
The achievement made Nigeria the first in sub-Saharan Africa to join the league of countries in Europe and America that had functional Research & Education Networks.
A catalytic fund was secured from the World Bank as grant, and counterpart funding by the Federal Government in mid-2012 for the first phase of the project, while the procurement cycle was concluded in February 2013.
Barr. Ezenwo Nyesom Wike, former minister of State for Education; Dr. Mrs. Omobola Johnson, Honourable Minister of Communication Technology; Mallam Yakassai, Deputy Director, Public Relations, NUC and Mr. Phillip Obioha, Chief Operating Officer, Computer Warehouse Group Plc during the commissioning event of Nigerian Research and Education Network (NgREN) in Abuja
The first phase of the project which connected 27 Universities, the CVC and the NUC, with over one million users, delivered 155mbps capacity to each university and connected to the Multiprotocol Layered Switch core network, which had a 10Gbps capacity, as well as 465mbps internet capacity, providing high definition telepresence capabilities for real-time collaboration, voice over internet protocol, shared access to research content and joint experimentation projects.
The second phase was planned to cover five more clusters of about 100 institutions and five million users. Subsequent phases were to cover all higher education institutes numbering over 600; Federal, State and Private.
The network was to be connected to the London Open Exchange via an international private leased circuit, and offer additional services such as web hosting, unified communication, digital library collection, video bridging and archiving services.
This indeed would have afforded Nigerian Universities the opportunity to take a quantum leap in standards, and significantly improved their low ranking in quality of teaching and research output, and thereby bringing them closer to their global peers.
But alas, this is not to be, as the much heralded NgREN has been shut down for the past eleven months due to non-payment of the segment bandwidth fees. The consortium of local providers have however, left all the equipment intact in good faith, awaiting the provision of bandwidth to restore services.
Apart from the immense benefit in value and standardization, the economies of scale of the project saves the universities immense costs, as embarking individually on such a project will be grossly suboptimal and prohibitively expensive.
Nigeria has a long history of poor project execution and abandonment. According to journalists Chuka Uroko and Joshua Bassey, in the past couple of years alone, it is estimated that over 11,886 federal government projects with an estimated value of N7.7trillion have been abandoned.
Should we start singing a funeral dirge to a well conceptualized and implemented system as the NgREN, with all its benefits after spending so much of tax payers’ money on it?
By this action of omission or commission we would have inadvertently reversed the solid gains made in the broadband transformation agenda, and shut our youth from the emerging digital economy.
The importance of broadband to the digital economy and social development cannot be overemphasized.
This is underscored by the open letter from the Global Broadband Commission to the G20 leaders’ meeting as far back as 2012, wherein they enumerated the importance of broadband in moving the global economy onto a higher growth trajectory, and in generating sustainable and social and economic growth of all nations, especially literacy development to address inequity and deliver inclusive growth for all.
In particular, they argued that broadband enabled technologies are simulating fresh innovation and inspiring a new generation of digital entrepreneurs.
The digital era will produce a whole new range of digital careers and industries of the future. Broadband reduces barriers to entry, offering opportunities for small and medium enterprises to challenge existing hierarchies, to innovate, compete and grow.
The targets of the NgREN were to make broadband universal among our youth in higher institutions and their surrounding communities, make it affordable, connect homes and businesses, and get more people online. In essence, it would have enabled our institutions to have the same opportunities to learning as those in the developed world, and also have the same impact on their communities as is currently witnessed in places such as Silicon Valley in America.
With such nonchalance to educational development in our country, it is no surprise that none of our local universities is included in the ranking of the world’s best 1,000.
Tertiary education in Nigeria has suffered from long periods of neglect to the extent that parents would rather take their Children to countries like Ghana, UK, US and Canada. It is estimated that Nigerians studying in British and American Universities have spent over N137billion on tuition and living expenses in the last two academic sessions.
If the over 71,000 Nigerian students who pay tuition fees in Ghana were to contribute the N160billion they spend annually, they would account for about 40 per cent of the Nigerian education budget.
According to Mr. Ian Stewart, a member of the British Parliament, there are about 30,000 Nigerian students in the UK alone.cropped-cwg-boss-austin-okere-receiving-the-award-at-wef-held-in-nigeria-in-may.jpg
In the wake of the expressed resolve of the Muhammadu Buhari led federal government to make public institutions more accountable and responsive to the needs of the society, it is expedient to immediately revive the NgREN project, and in the medium to long term properly situate it, including exploring Private, Public Partnership to ensure that a laudable project such as this does not die an avoidable death.
We should as a nation learn to stop being wasteful in the face of acute scarcity, and make the most of our scare resources.
Austin Okere is the Founder of CWG Plc & Entrepreneur in Residence at CBS, New York. Austin Okere is a Fellow of the Institute of Directors of Nigeria, and serves on the World Economic Forum Business Council on Innovation and Intrapreneurship
E-Business
Report Shows Start-ups Fuel Innovations in Africa

Bloomberg has released its second annual “25 African Startups to Watch” list, underscoring the growing influence of venture-backed innovation across the continent.

Published thursday, the list highlights companies building solutions in “environments where infrastructure or systems have failed to deliver.”
The featured start-ups build solutions to challenges such as accessing healthcare in Chad, moving goods in Kenya, securing loans in South Africa, and safeguarding borders in Nigeria.
Nigeria, South Africa and Kenya jointly lead with four companies each, reflecting the ongoing strength of Africa’s three most visible start-up ecosystems.
The 25 companies span 13 countries and sectors including healthcare, fintech, security, climate resilience, waste management, and transport.
Nigeria’s four startups are 10mg Health, Remedial Health, Sycamore and Terra Industries, covering areas from healthcare financing and pharmaceutical supply chain integrity to digital lending and defence technology.
South Africa’s contingent includes Omnisient, Amesect, AURA and Jem. Omnisient uses grocery purchase data and AI to extend credit to those outside traditional financial systems.
Kenya’s notable four include Zeraki, a school-data analytics platform partnering with Safaricom to reach secondary students across the country.
According to Bloomberg, a defining theme this year is the source of funding.
Nearly half of the total capital raised by these start-ups came from African investors, marking a shift from previous years when international capital predominantly drove early growth.
International backers such as 8VC, controlled by Palantir Technologies co-founder Joe Lonsdale, and Google continue to see value in investing in African companies, Bloomberg noted.
The report also highlights that start-ups across the continent almost doubled their debt fundraising in 2025, even as equity financing from venture capital firms declined.
Separately, the Start-up Ecosystem Report 2026 states that Kenya has overtaken Nigeria as Africa’s top startup investment destination, attracting $984 million in 2025.
Jennifer Zabasajja, Bloomberg Television’s chief Africa correspondent and anchor, highlighted the dual significance of the list, the variety of solutions being built and the growing role of African-sourced capital in backing them.
She noted that the list comes at a consequential moment, one shaped by global disruptions, from the conflict in Iran to sweeping cuts in US foreign healthcare assistance, that have made the case for African-owned capital more urgent than ever before.
E-Business
NDPC Raises Alarm: Fake News, Data Abuse Could Destroy Nigeria’s 2027 Elections

Nigeria Data Protection Commission has warned that the growing misuse of personal data and digital platforms could undermine Nigeria’s democratic process ahead of the 2027 general elections.

NDPC
The warning was delivered during the 2026 Press Week organised by the FCT Council of the Nigeria Union of Journalists in Abuja.
Speaking at the event, Vincent Olatunji, national commissioner and chief executive officer, NDPC, who was represented by Itunu Dosekun, head of Media Unit at the commission, said disinformation and unlawful exploitation of personal data posed serious threats to credible elections.
The event had the theme: “2027 Election: Defending Democracy in the Era of Disinformation.”
Dosekun said the struggle for credible elections was no longer confined to polling units, noting that digital platforms had become major channels for manipulated narratives, fake news, propaganda and AI-generated misinformation.
According to him, the rapid growth of social media platforms, messaging applications and data-driven political campaigns has created vulnerabilities capable of influencing voter perception and weakening public trust in democratic institutions.
He warned that the abuse of personal data for political profiling and psychological targeting had become one of the most dangerous threats facing democracies worldwide.
“The misuse of citizens’ personal information carries serious social implications, especially for vulnerable groups who may not fully understand how their data is harvested, processed and weaponised online,” he said.
Dosekun noted that coordinated disinformation campaigns could inflame ethnic tensions, spread fear and discourage civic participation, particularly among young Nigerians.
He described the Nigeria Data Protection Act, 2023, as a critical legal framework aimed at protecting citizens against unlawful data processing and digital exploitation.
According to him, the law gives Nigerians greater control over their personal information while placing obligations on organisations, institutions and political actors to handle data responsibly.
Dosekun also called for stronger collaboration among political parties, media organisations, technology firms, civil society groups and citizens to promote responsible digital behaviour ahead of the elections.
He stressed the role of journalists and media professionals in combating fake news, fact-checking information and safeguarding public discourse.
According to him, protecting personal data should not only be seen as a privacy issue but also as a democratic responsibility necessary for maintaining public confidence, national stability and electoral credibility.
Stakeholders at the event emphasised the need for improved digital literacy, stronger regulation and increased public awareness to prevent the abuse of digital platforms during future elections.
E-Business
Anthropic Raises $65 Bn to Expand AI Research, Innovation

Anthropic, artificial Intelligence company, has said that it has secured sixty-five billion dollars in a new funding round, raising the company’s valuation to about nine hundred and sixty-five billion dollars.

The development places the company ahead of its rival, OpenAI, maker of ChatGPT, which was valued at about eight hundred and fifty-two billion dollars earlier this year.
Anthropic, founded by former OpenAI employees and led by Dario Amodei, chief executive officer, has emerged as one of the leading firms in the global Artificial Intelligence industry.
The company is widely recognised for its advanced coding capabilities and generative AI models, particularly its AI assistant known as Claude.
Unlike some competitors focusing mainly on general consumers, Anthropic has concentrated on delivering AI solutions to enterprise and business clients.
The company also says it places strong emphasis on AI safety while expanding its products and services amid growing competition in the sector.
Krishna Rao, chief financial officer of Anthropic, said the new funding would support the company’s research efforts and help meet rising global demand for its AI technologies.
Reports indicate that the investment round attracted major Silicon Valley venture capital firms, including Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.
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