News
Solving Nigeria’s Electricity Issues

Electricity supply in Nigeria has always been on the low side ever since I became conscious as boy in my early years on earth.
The euphoric exclamation of “up NEPA” that used to rent the air, back then, any time electricity supply was restored after a long period of non-supply is what my little boy at home still shouts whenever electricity is restored, this time around, days after a long absence of electricity.
It is always of concern to me that in the over 100 years of the existence of Nigeria, 57 out of those years, as an independent state, we are still struggling to solve our electricity supply issues! The speaker of the House of Representatives recently lamented over our spending of over N2.74 trillion on electricity over the past years with no headway in solving our electricity problem. This is mind boggling , to say the least! Nigeria has been hovering between about 3,000 Megawatts and 4,600 Megawatts electricity generation for some time now and this often drops to below 2,000 Megawatts!
South Africa currently generates about 34,000 Megawatts and hopes to continue to improve on that going forward.
The long and short of this, is that Nigeria, with close to 200 million in population, has always fell far short of electricity supply to its populace and this carries a lot of negative consequences.
Some of the consequences of inadequate supply of electricity to the Nigerian population is the high cost of manufactured goods in the country due to the high volume and cost of diesel required to run the generators that power the machines in the production processes in the absence of electricity supply from the national grid.
There are even some machines that takes a whole day to heat up once power supply to them is disrupted, so, they rely solely on generators to power those machines due to the unreliable supply of electricity from the national grid.
We have heard, in some cases, of the relocation of manufacturing industries from Nigeria to neighboring countries such as Ghana where electricity seems to be more stable.
Many jobs that are electricity-related that would have been created and taken up by the teaming unemployed in the country cannot also be created because of lack of electricity.
Technology and its variants of innovations, of which electricity is a major one, has come to make our daily living much easier.
There is no doubt that the high unemployment rate we are presently facing in Nigeria can be drastically reduced with relatively stable supply of electricity.
Welding workshops, Barbing saloons, Hair dressing saloons, Internet Café, Fashion designers, Cold room operators, etc., will all thrive if they have access to stable electricity to run their businesses seamlessly. Importantly too, manufacturing will once again boom in Nigeria as factories will be able to run their machines at cheaper electricity rates compared to the exorbitant cost of running them presently on diesel generators. This means that there will be a reduction in the cost of production.
A reduction in the cost of production will also drive the prices of produced goods down, thus, making them affordable to the average Nigerian.
Further benefits of fixing the electricity issues in Nigeria is that our products will be able to compete for export, especially in our immediate African market due to low cost of production. This can, indeed, be the beginning of Nigeria earning serious foreign exchange from exports. Exports earnings can improve the strength of the Naira against stronger currencies like the Dollar and save us from the present foreign exchange imbroglio we find ourselves. Nigerians can then start to breathe a sigh of relieve.
The Disco’s increased electricity tariff sometime last year, not because there was any marked improvement in the supply of electricity to the populace, and with the support of NERC and the Ministry of Power.
About a year down the line, supply of electricity is still abysmally low, although the Minister of Power recently said we should expect a lot of improvement in power supply very soon. Interestingly, Meters have not been supplied to the majority of users, whether prepaid or otherwise, to record the actual cost of their electricity consumption, yet, estimated monthly bills, (sometimes, crazy bills), are sent to them.
The bills are sent whether the users had electricity supply during the month in question or not!
This area should be seriously looked into and checkmated for fair play, equity and justice to prevail in the sector.
One of the reasons adduced for the increase in tariff is that the Disco’s need to gather more funds to invest in new equipment so that there will be an improvement in the supply of electricity in the country.
The question is; have they bought those equipment and put thrm to use? I doubt this becsuse we are yet to see any improvement after one year of the increase in tariff. The truth is that no nation can be truly economically viable if its electricity sector is in the kind of crisis that ours is in Nigeria.
The issue of alternative sources of electricity should also be continued until everywhere is lighted up in Nigeria as I see that the government is already supplying solar electricity to some communities.
Technology has provided these other options and we should take advantage of them instead of relyi g only on hydro and thermal.
Earlier this month, the National Assembly organised a two-day stakeholders interactive dialogue on the power sector in Nigeria.
We can, therefore, expect to see positive changes very soon in the direction of improving the supply of electricity in Nigeria from the tesult of the deliberations.
Most importantly, prepaid meters should be provided to everyone connected to the Discos so that only electricity consumed will be paid for by the users. This will engender equity and fair play in the sector.
CFA is the Founder, www.CFAtech.ng & Co-producer/Presenter,Tech Trends on Channels Television
News
Cybervergent Expands to Three New Markets

Cybervergent has launched version 3.0 of its artificial intelligence (AI)-native posture management platform and expanded operations into Kenya, Ghana, and SA.

The move, according to the company, introduces automated risk verification for enterprises and aims to position Africa as a force in digital governance technology.
It goes on to say the latest platform upgrade introduces continuous posture management, replacing traditional point-in-time governance, risk, and compliance reporting with real-time verification systems.
An AI engine independently verifies 99.9% of audit and monitoring findings before they appear on enterprise dashboards, according to Cybervergent.
It says risk management, compliance, audit, and data security operations are integrated into a unified system built for cloud and on-premise environments.
According to Cybervergent, the platform maps more than 4 500 controls across frameworks, including the Nigeria Data Protection Act (NDPA), International Organisation for Standardisation (ISO) 27001, and System and Organisation Controls (SOC) 2.
Cybervergent says the rollout of its first South African customer validates the platform’s readiness for highly regulated enterprise markets and strengthens its expansion strategy across Africa’s leading technology and financial hubs.
The company is also adopting a channel-first deployment model, working with local partners and system integrators in Lagos, Accra and Johannesburg to scale verified security infrastructure for enterprises navigating increasingly complex regulatory demands.
“We built verification into the architecture,” said Ayomide Daniels, co-founder and chief scientist at Cybervergent. “If a finding is not traceable back to source documentation, it does not reach the dashboard.”
Cybervergent rebranded from Infoprivacy in late 2023 to reflect its shift towards AI-automated cybersecurity.
The start-up previously focused on data privacy compliance in the West African market before pivoting to its current integrated posture management model.
News
FG Bans Honorary Degree Holders from Using ‘Dr’ Title, Warns of Academic Fraud

Federal Government has directed recipients of honorary doctorate degrees to stop using the title “Dr.” before their names, as part of efforts to protect the integrity of academic qualifications and curb the misuse of honorary awards.

Minister of Education, Tunji Alausa
Minister of Education, Tunji Alausa, announced the directive after the approval of the new policy by the Federal Executive Council (FEC).
Alausa said the measure was necessary to address the growing abuse, commercialisation and politicisation of honorary degrees in some tertiary institutions across the country.
He explained that honorary doctorates are symbolic recognitions of outstanding contributions to society and do not equate to earned academic qualifications obtained through rigorous study, research and examination.
“Recipients of honorary doctorate degrees are not entitled to use the title ‘Dr.’ as a prefix to their names in official, professional or academic engagements,” he said.
According to the minister, awardees may instead indicate the honorary distinction after their names using formats such as D.Litt (Honoris Causa), LL.D (Honoris Causa) or other approved honorary designations.
Under the revised policy, only universities with active doctoral programmes will be permitted to confer honorary doctorate awards.
The government also restricted recognised honorary awards to four categories: Doctor of Laws (LL.D), Doctor of Letters (D.Litt), Doctor of Science (D.Sc), and Doctor of Humanities (D.Arts).
In addition, all honorary degree certificates must clearly carry inscriptions such as “Honorary” or “Honoris Causa” to distinguish them from earned academic degrees.
The minister warned universities against indiscriminate conferment of honorary degrees, noting that institutions found violating the directive would face sanctions from the National Universities Commission and the Federal Ministry of Education.
He said the policy was part of broader reforms aimed at restoring credibility to Nigeria’s higher education system and ensuring academic titles are not misrepresented for personal, political or financial gains.
Observers say the development could reshape the long-standing culture where public office holders, business executives and celebrities often adopt the “Dr.” title after receiving honorary awards.
News
Africa Fintech Revenues to Hit $65 billion by 2030 – Report

African fintech revenues are projected to expand 13-fold to approximately $65 billion by 2030, marking the continent as the world’s fastest-growing digital finance market.

The “Beyond Payments: Unlocking Africa’s Second FinTech Wave ” report, released by Boston Consulting Group at the Inclusive FinTech Forum in Kigali, indicates the sector is shifting from transactional inclusion to scalable, infrastructure-driven systems.
While Sub-Saharan Africa accounts for 74% of global mobile money volume, more than 50% of lending still occurs through informal channels, representing a massive gap for B2B payments and data-driven underwriting.
The opportunity now is to convert scale into sustained, institutional-grade growth, says the report. Markets offering regulatory clarity and interoperable infrastructure are becoming increasingly attractive to long-term capital.
Rwanda is highlighted as an example of deliberate institutional coordination that lowers the cost to scale for financial institutions.
Forward-looking regulation and the License Passporting Memorandum of Understanding between Rwanda and Kenya are cited as practical steps toward easing regional expansion.
Financial centres like the Kigali International Financial Centre play a critical role in this next phase by reducing uncertainty for banks and investors.
By combining regulatory clarity and Pan-African integration, they reduce uncertainty for banks, fintechs, and investors, and help position markets as credible, long-term investment destinations.
Africa’s next fintech phase will be led by financial institutions, the report notes. It goes on to say banks and regulated entities are becoming the primary customers of digital financial infrastructure, demanding platforms that align with their risk frameworks.
The report identifies five institutional priorities to sustain momentum: interoperable infrastructure, data-driven credit, regulatory coherence, trust, and resilience.
Building seamless wallet-to-bank integration will enable more efficient value movement, while transforming transaction data into AI-enabled underwriting models will help bridge the gap in SME lending.
Proportional licensing frameworks and predictable supervisory practices will lower the cost to scale for innovators. Furthermore, expanding cybersecurity capabilities will ensure the ecosystem remains reliable as digital usage grows.
Africa has demonstrated that fintech scale is achievable, and the next decade will be shaped by those markets that strengthen their institutional foundations, the report concludes.
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