Connect with us

News

Access, Others Hobble Mobile Money Revolution

Published

on

Dr. Eugene Juwah, EVC/CEO, Nigeria Communications Commission (NC
Kindly share this post

Issues around access and sundry matters have conspired to threaten the roll out of mobile money services, dampening excitements, after initial hype touted mobile money as the next big thing, Nigeria CommunicationsWeek can now reveal.
In effect, operators licensed by the Central Bank of Nigeria (CBN) are still struggling with mass access channels to reach all market segments.
Though, the licensees are  actively rolling out services, building agent networks, deploying services to gain market share, the absence of telecom regulatory framework is a major challenge for the effective take off of the industry estimated at some N150 billion.
Other issues such as inadequate distribution or agency networks, lack of proper awareness and poor mass education have also served to hobble the burgeoning industry.
Peter Ilabuya, an internet marketing expert who has also done a lot of work on mobile money industry said there is no commerce without the community the products and services are meant for.
Nigeria CommunicationsWeek gathered that mobile money service is the transfer of monetary value via the mobile phone. The system fundamentally rides on mobile networks.
But despite the ubiquity of the mobile phone, critical mass access channels are still in short supply.
And for mobile payment industry to change the way consumers interact with financial services and make payments, regulatory authorities must compel mobile network operators to up mass access channels like subscriber identification module toolkit and Unstructured Supplementary Service Data (USSD) for mobile money providers.
The SIM application toolkit allows for the service provider or bank to house the consumer’s mobile banking menu within the SIM card. 
The SIM application toolkit is a standard of the GSM system which enables the SIM to initiate actions which can be used for various value added services.
Emmanuel Okoegwale, principal associate, MobileMoney Africa, said that without opening up of the access channels by network operators, it will be an uphill task to reach the masses and provide an easy and convenient means to access the service.
According to him, if services are unable to reach the targeted people, how will they use the services?
Nodding in agreement, Ilubuya said mobile money service must be like the mobile phone where with just a click of the phone button, calls can be made to anybody with a handset connected to any network around the world.
Both Ilubuya and Okoegwale, agreed the industry needs to address the challenges if their quest to sign up millions of unbanked population on the mobile payment platform would be successful.
Nigeria CommunicationsWeek gathered since December last year when mobile money service effectively took off in Nigeria, there has not been any appreciable uptake recorded.
Okoegwale blamed the slow uptake on the providers’ mistakes of deploying services that are suitable for mid range and high end devices users while the main target of the scheme- the bottom of the pyramid and their peculiarities are ignored.
Elsewhere, server-side technologies built on a server; away from the consumer’s SIM or Mobile handset poses its own problem.
Examples of server-side technologies are SMS, IVR, USSD2 and WAP while client-side technologies are those applications, solutions and service offerings built or embedded on a consumer SIM or mobile handset. Examples of client-side applications are J2ME (JAVA).
On the other side, because mobile network operators power the infrastructure that are the primary back bone to network access for mobile money providers, they are either not ready technologically or in some cases do not have the commercial justification for such investment to develop infrastructure that may not deliver value to them since they are not directly licensed to provide mobile money services in Nigeria.
Okoegwale said that going forward; providers need to understand their target market and which devices they use as a way of mitigating the access issue.
They also need to articulate the best user experience and value proposition sufficient in the target market.


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

News

REA, NBS Partner to Deliver Comprehensive Energy Data for Nigeria

Published

on

Kindly share this post

The Rural Electrification Agency (REA) and the National Bureau of Statistics (NBS) have signed a Memorandum of Understanding (MoU) to conduct a nationwide energy survey aimed at closing long-standing data gaps in Nigeria’s power sector. The initiative is expected to guide policy, attract investment, and accelerate universal electricity access.

Signed in Abuja, the agreement establishes a National Energy Survey based on the Multi-Tier Tracking Framework (MTF), a globally recognized methodology that measures electricity access not only by grid connection but also by quality, affordability, reliability, and usage of electricity and clean cooking solutions.

The survey will be implemented under the Energy Sector Management Assistance Program (ESMAP) of the World Bank. Dr. Abba Aliyu, REA Managing Director/CEO, said the partnership underscores REA’s commitment to evidence-based rural electrification planning and will generate detailed insights on electricity access and off-grid solutions nationwide.

Prince Adeyemi Adeniran, Statistician-General of the Federation/CEO of NBS, emphasized that reliable statistics are essential for effective policymaking, assuring that NBS will provide technical oversight, sampling expertise, and quality assurance to meet global standards.

The survey will assess energy access, household affordability, expenditure patterns, and the adoption of off-grid technologies such as solar home systems, mini-grids, and clean cooking solutions. REA will provide sector expertise and policy alignment, while NBS manages regulatory approvals, methodology, and technical supervision.

Funded and technically overseen by the World Bank, the exercise will run for 18 months, with the resulting data expected to improve national energy planning, programme targeting, and private sector investment, particularly in underserved and rural communities.

Officials said the collaboration reflects the Federal Government’s commitment to strengthening inter-agency coordination, enhancing energy data availability, and advancing Nigeria’s goal of universal electricity and clean cooking access.


Kindly share this post
Continue Reading

News

SiBAN New Executive Council to Champion Vision for Nigeria’s Digital Economy

Published

on

Kindly share this post

The Stakeholders in Blockchain Technology Association of Nigeria (SiBAN), the nation’s foremost self-regulatory body for the blockchain industry, has completed its election cycle, heralding the beginning of a new executive council dedicated to scaling Nigeria’s digital economy.

The highly anticipated elections concluded recently with the emergence of a new leadership team poised to champion industry standards, foster innovation, and drive widespread adoption of blockchain technology across the country.

The newly elected executives, who will officially assume their roles in January 2026, represent a blend of legal, financial, and technical expertise critical for navigating the evolving regulatory landscape.

Leading the charge is Mela Claude-Ake, a lawyer, who has been elected the President of SiBAN to succeed the outgoing President, Obinna Iwuno, whose tenure was marked by significant achievements, including facilitating crucial reforms and forging strategic partnerships with regulators and other critical stakeholders in the digital asset industry. Mr. Iwuno will formally hand over the reins to the new council in January 2026.

Other elected to the executive council are Chimene Chinah – Vice President 1, in charge of Blockchain education and adoption; Oroke Cornelius – Vice President 2, in charge of membership, strategic partnerships, and funding; and Ayo Shonibare – Vice President 3, in charge of policy, regulation, and ethics.

Others are Ugochukwu Peters – Vice President 4 in charge of digital asset operations and capital markets, Mbene Vivian – Chief strategy officer in charge of projects and incubation, Olufunmilayo Tugbobo as Financial Secretary/Chief Financial Officer, and Chiemeka David Ohajionu as Chief Communications Officer.

The newly elected council’s structure reflects SiBAN’s commitment to addressing key pillars of the blockchain ecosystem: from grassroots education and fostering innovation through projects, to establishing robust regulatory frameworks.

In his acceptance speech, Mela Claude-Ake emphasized the vital role SiBAN plays in shaping the future of finance and technology in Nigeria.

“The trust placed in this new council is not one we take lightly. We inherit a great foundation built by the outgoing team. Our mission now is to accelerate. We stand at a critical juncture where the potential of blockchain to revolutionize every sector, from finance and governance to supply chain, is undeniable. This new council will focus relentlessly on advancing smart, collaborative regulation, democratizing blockchain education, and protecting the interests of all stakeholders to ensure that Nigeria remains a leader in the African digital economy space,” he assured.

He added that he is humbled by the opportunity to be the face of one of Nigeria’s youngest and most promising sectors — blockchain tech.

“As a tech enthusiast I am excited at the possibilities. The ecosystem needs careful nurturing by the government. My administration will be focused on building new bridges for the blockchain sector internationally and domestically, establishing trust with the public and unifying the sector. I enjoin all blockchain stakeholders in Nigeria, connected to Nigeria or of nigerian heritage to join hands together with my administration in building the industry of our dreams.”

The industry now looks forward to the handover ceremony in January 2026 and the initiatives the new SiBAN leadership will unveil to solidify the association’s role as a catalyst for innovation and a respected partner to the Nigerian government.


Kindly share this post
Continue Reading

News

APC National Chairman Appoints Mr. Abimbola Tooki as Special Adviser on Media

Published

on

Kindly share this post

The National Chairman of the All Progressives Congress (APC) has approved the appointment of Mr. Abimbola Tooki as Special Adviser on Media and Communication Strategy.

APC National Chairman Appoints Mr. Abimbola Tooki as Special Adviser on Media

Mr. Abimbola Tooki

The appointment reflects the Chairman’s confidence in Mr. Tooki’s vast experience, professional pedigree, and proven capacity to deploy strategic communication in strengthening party cohesion, public engagement, and effective message delivery at both national and international levels.

Mr. Tooki is a celebrated journalist, columnist, and media strategist with deep expertise in governance reporting, crisis communication, information management, and team leadership.

He is widely regarded for his ability to bring institutions closer to the people through the effective use of conventional and digital media platforms.

His career demonstrates a consistent track record of innovation, results-oriented leadership, and excellence in managing internal and external communications.

A versatile Information and Communications Technology (ICT) editor for many years, Mr. Tooki managed and developed influential ICT and business sections in leading newspapers, contributing significantly to public understanding of technology and economic issues.

He also pioneered major newsroom initiatives, including the establishment of specialised ICT publications, and is respected for his sharp analytical skills and solution-driven approach in fast-paced environments.

His professional journey spans several reputable media organisations, culminating in his role as Editor of BusinessWorld Newspaper, where he oversees editorial direction, production, administration, and corporate management.

He previously rose through the ranks at Financial Standard, earning rapid promotions due to exceptional performance, intellectual depth, and dedication to duty.

Mr. Tooki is also a familiar face and respected voice in broadcast media, serving over the years as a guest analyst on platforms such as Channels Television and other national stations, where he analyses major headlines, public policy, and issues of national importance.

Academically, he holds an MBA from Obafemi Awolowo University, a Postgraduate Diploma in Journalism from the Nigerian Institute of Journalism, and a Bachelor’s degree in Language Arts from the University of Ilorin.

In his new role, Mr. Tooki is expected to provide strategic direction for the Chairman’s media engagement, strengthen the APC’s communication architecture, manage reputation and messaging, and enhance the party’s interface with stakeholders, the press, and the Nigerian public.

The APC congratulates Mr. Abimbola Tooki on his appointment and wishes him success as he brings his wealth of experience, energy, and professionalism to bear in support of the Chairman and the party at large


Kindly share this post
Continue Reading

Trending