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ICT Stakeholders List Ways to Creating Billion Dollar Firms in Nigeria

In a bid aimed at supporting the government and leaders in technology in their efforts at driving the change needed to be seen in the Nigerian technology industry, various key Stakeholders in the nation’s ICT sector recently met in Abuja and identified interventions required to create billion dollar companies in Nigeria.
At the first Digital Africa Leadership Series, with the theme: “Generating Laws and Policies for Creating Local $Billion Tech Companies – How do we get there?,” which held on the 20th of April, 2017 at the Shehu Musa Yar’adua Centre, Abuja, participants which included the Honourable Minister of Communications Technology, Barrister Adebayo Shittu; the Director General of the National Information Technology Development Agency, NITDA, Dr. Isa Ali Pantami; Executive Vice Chairman of the Nigerian Communications Commission, NCC, Prof. Umar Garba Danbatta, members of the civil society organisations, entrepreneurs, government functionaries and CEOs of top ICT firms came up with far-reaching decisions.
In a communiqué at the end of the one-day event, participants noted that there is an established correlation between the number of $billion tech companies in a country and the size and level of development of their economy. Therefore, there is a need for the country to consciously think of the policies and legal framework needed to build the Nigerian Tech companies that would achieve multi $billion status. This also means that Nigerian companies should always see the whole world as its market.
Stakeholders at the event noted that Nigeria with a population of about 200million people is supposed to play a leading role in Africa, especially in the innovation and diffusion of ICTs. Whereas this is the case, other countries like Kenya and Rwanda seem to be bettering Nigeria’s efforts. It was, therefore, agreed that greater effort should be put in the country to ensure that she meticulously executes her National ICT policies or Road Map.
Participants agreed that the Minister and the leadership of other ICT agencies should inspire and drive a new vision for Nigeria’s ICT industry through their public engagement and use of the social media.
It noted that the country has developed several ICT strategy documents, roadmaps, national ICT blueprints and master-plans, and bemoaned the seeming confusion as to which is the driving document for the country. It therefore, called for a need for harmonisation and/or communication of the right document, as stakeholders desire to know which one of them is the driving plan for the industry.
The stakeholders noted the assurance of the Honourable Minister that the Federal Executive Council will soon approve the National ICT Roadmap document as well as the National e-Governance Masterplan document. Accordingly, they advised that when approved, the same documents should be widely circulated.
Stakeholders noted the existence of Local Content Office under the National Information Technology Development Agency and the Federal Ministry of Communications Technology and advocated for a target percentage of local ICT contracts to be awarded to Nigerian businesses, advising that where no Nigerian company is qualified, such Nigerian company should understudy the expatriate company in order to ensure transfer of knowledge within a specified period.
The Stakeholders further noted the inadequacy of the current intellectual property and copyright protection laws in Nigeria and advocated for the laws to be updated to provide sufficient protection for Nigerian businesses.
It was noted that the quality of ICT education from Primary, Secondary and especially the tertiary levels are weak when compared to what is obtainable from other parts of the world. It is, therefore, important for the government to create the enabling policies, laws and infrastructural environment needed to greatly enhance the quality of ICT education in Nigeria, adding that Government’s direct intervention to hasten the size and variety of capacity in ICT for the country is highly desirable.
Participants at the one-day forum noted that despite the two decades of efforts at enhancing relative ICT infrastructure in the country with regards to electricity, telecommunications network and computer hardware availability, the level, size, number and quality of infrastructure in the country are still insufficient, thereby impinging on the ability of the country to properly participate in the coming 4th Industrial Revolution. They, therefore, advised that the government must take urgent action to provide the country with a befitting infrastructure in readiness for the 4th Industrial Revolution.
The forum also noted that many infrastructural projects in the country are poorly supervised and built with substandard materials. Therefore, Government should ensure that an effective quality system is introduced and that projects are undertaken to specification, cost and agreed timeline.
It further noted that there is a need to ensure that various ICT policies from the different ICT Regulatory Agencies in the country are appropriately communicated to all relevant stakeholders such as trade unions, individuals, organisations and sectoral regulators.
Stakeholders observed and noted that most organisations that are calling themselves Incubators are actually playing the role of Accelerators and that there is a dearth of knowledge in Incubation Hubs Management, and therefore, advised that the Government should create special facilities for training Nigerians on the development and running of Incubation Hubs.
With regards to investment in all sectors of ICT, it was noted that if the enabling environment is there as well as the right kind of incentives, not just local investors but even international investors and capital will move in. Similarly, it was noted that in order to enhance capacity for the industry, Government should encourage organisations that train people for various ICT skills with incentives such as Tax Breaks. This according to the forum, will encourage numerous organisations to train graduates bearing in mind that they will only be able to keep a few while the rest will go into the industry to enhance capacity.
The Communiqué commended the Minister on the plan for the proposed transformation of NIPOST to amongst other things, provide electronic banking services, e-commerce services, banking and finance services, transportation and logistics services, property development services, etc. It noted with excitement that the NIPOST reform package will soon be launched and therefore, encouraged the Minister to see to the successful and timely implementation of same.
The forum noted that in order for the Government to catalyse the Nigerian ICT industry, and because of the general recession in the country, government should in addition to setting up the necessary enabling environment, provide funding for startup businesses, and provide the needed funding for entrepreneurs under an appropriate arrangement without having to be in business itself.
The stakeholders acknowledged with commendation, the fact that the Federal Government has decided to build a National ICT Park. They suggested that in addition to this, a minimum of 30 Techshops should be built across the country. The Techshops will provide implements or building materials, i.e. both process and product technologies with which to fabricate whatever innovative ideas Nigerians may have using all possible fabrication materials like iron, steel, wood, plastics, etc. In other words, the Techshops will provide centres with all the necessary building tools for the trialling and fabrication of different innovative ideas.
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CADEF, Stakeholders Push for Zero Added Sugar Standards in Infant Foods

Consumer advocates, health professionals and policymakers have called for urgent regulatory reforms to eliminate added sugars in infant foods, warning that current standards may be exposing Nigerian babies to avoidable long-term health risks.

Chiso Ndukwe-Okafor, Executive Director of CADEF
The call was made on Thursday at a high-level stakeholders’ meeting in Abuja organised by the Consumer Advocacy and Empowerment Foundation (CADEF) in partnership with Public Eye, where new findings on sugar content in baby foods triggered widespread concern.
Public Eye’s research focused on Cerelac, Nestlé’s widely consumed infant cereal across Africa. Laboratory tests on nearly 100 samples purchased in over 20 African countries revealed that 94 per cent contained added sugar. On average, products recorded about 6 grams of added sugar per serving equivalent to roughly one and a half sugar cubes with some markets reaching between 7 and 7.5 grams. Nigerian samples averaged 5 grams, with peaks of 6.1 grams.
The figures refer strictly to sugar added during manufacturing and exclude naturally occurring sugars present in ingredients such as grains, fruits and milk.
Nestlé however maintained that its products comply with local regulations and are fortified to address nutritional deficiencies.
However, the company has not explained why sugar-free formulations are available in Europe while African markets receive variants containing added sugar.
Opening the session, Chiso Ndukwe-Okafor, Executive Director of CADEF, stressed that the advocacy is not targeted at any single company but aimed at safeguarding children’s health and advancing a zero-added-sugar standard for infant foods in Nigeria.
“African babies are being fed sugar Europe would never accept,” she said, highlighting disparities in product formulations across regions.
Citing the findings, she noted that some cereal-based infant foods contain “over four grams, almost five grams of sugar,” but clarified that manufacturers are not breaching existing laws.
“They are complying with current regulations, which are based on Codex standards developed over 30 years ago,” she said, pointing to the outdated nature of the framework as the core issue.
She urged regulatory authorities to align national standards with current global health recommendations.
CADEF warned that early exposure to added sugars can shape children’s taste preferences and increase their risk of obesity, diabetes, dental disease and other non-communicable conditions later in life echoing guidance from the World Health Organization, which advises against added sugars in infant foods.
While acknowledging that existing sugar levels fall within Nigeria’s Codex-based standards, the organisation argued that the framework is no longer sufficient to protect infant nutrition.
It clarified that its concerns relate specifically to sugars deliberately added as sweeteners or enhancers, not naturally occurring sugars in raw ingredients.
Stakeholders at the meeting called on key regulators including the Standards Organisation of Nigeria (SON) and the National Agency for Food and Drug Administration and Control (NAFDAC) to review existing standards and enforce clearer, more transparent labelling requirements.
CADEF emphasised that parents deserve accurate, easy-to-understand information when making nutritional choices, noting that Nigerian consumers should enjoy the same level of product quality and protection available in other markets.
Among its recommendations is the introduction of mandatory front-of-pack labelling that clearly identifies and distinguishes sources of sugar, alongside policies to drive reformulation toward zero added sugar.
“We need front-of-pack labelling in simple language that separates the source of sugar on each product,” Ndukwe-Okafor said, adding that regulators and paediatric stakeholders expressed support for reform.
Also speaking, Adeyemo Adebayo of the Nutrition Division at the Federal Ministry of Health stressed that policy reforms must be complemented by sustained public advocacy to achieve meaningful impact.
He called for broader health education efforts beyond formal legislation, including engagement with traditional and religious leaders to drive grassroots awareness that infants do not require added sugar.
Jubril Mohammed, representing the Standards Organisation of Nigeria, said the agency’s role is to facilitate consensus-driven standards rather than impose unilateral decisions.
He noted that proposals such as eliminating added sugar must be backed by evidence and stakeholder agreement, adding that review processes can take up to a year.
He, however, expressed the agency’s willingness to collaborate with CADEF.
From a clinical perspective, Dr. Anthony Bawa, representing the Paediatric Association of Nigeria (PAN), called for stronger multi-sector collaboration involving academia, health institutions and lawmakers to address the risks associated with added sugars in infant diets.
He emphasised the importance of National Assembly involvement in enacting effective legislation to protect children’s health.
The meeting also highlighted international precedents. In India, sustained advocacy and regulatory pressure have compelled manufacturers to introduce multiple no-added-sugar variants of infant foods, demonstrating that reform is achievable.
As interim guidance, advocates urged parents to limit processed foods, avoid sugary drinks and sweets for young children, and prioritise natural options such as fruits.
“Don’t give children soft drinks. Don’t give them sweets,” Ndukwe-Okafor advised, recommending healthier alternatives like bananas and mangoes.
The coalition said it will engage senior policymakers and the National Assembly to push for stricter regulations, including a zero-added-sugar benchmark for infant foods in Nigeria.
Stakeholders agreed that a combination of regulatory reform, industry accountability and consumer education will be critical to safeguarding infant health and securing a healthier future.
News
UK–Nigeria Skills and Schools Trade Mission Concludes with Strong Foundations for Education Partnership

A high-level UK delegation has concluded a week-long skills and schools trade mission to Nigeria, marking a significant step forward in education and skills cooperation between the two countries.

Running from 19-23 April 2026 across Abuja and Lagos State, the mission brought together leading UK private schools, skills providers, and education institutions with Nigerian partners, schools, and the Honourable Minister of Education Dr Tunji Alausa.
The mission follows the high profile and well received state visit to the UK in March, which also included education engagements. Supported by the UK’s Department for Business and Trade (DBT), the mission forms part of its new International Education Strategy, under which Nigeria has been identified as one of five priority education markets, spearheaded by Professor Sir Steve Smith, who is looking forward to visiting the country again this year.
The mission focused on in-country delivery of education, the establishment of world-renowned UK schools in Nigeria, and the development of skills and Technical and Vocational Education and Training (TVET) systems aligned with industry demand.
In Abuja, the delegation met with Nigeria’s Honourable Minister of Education, Dr Tunji Alausa, securing strong political backing for UK–Nigeria education partnerships and set the groundwork for ongoing institutional collaboration across both schools and skills.
In Lagos, delegates engaged further with potential partners and investors. In both cities the delegation was thrilled to visit local British curriculum schools and colleges to further enable them to experience first-hand the teaching and learning environment.
British Deputy High Commissioner, Jonny Baxter, said: “The UK and Nigeria share a deep and longstanding relationship, and opportunities in education are one of its most exciting frontiers.
“This mission has demonstrated the strong appetite on both sides to deepen collaboration in education and skills.”
“By bringing together UK schools and skills providers with Nigerian partners and policymakers, we are laying the foundations for even more long-term partnerships that support Nigeria’s education priorities, strengthen skills aligned to industry needs, and create opportunities for sustainable, in-country delivery as well as positioning Nigeria as the regional hub for high quality education.”
DBT Head of International Education, Sarah Chidgey, said: “This mission is a perfect example of the International Education Strategy being put into action, building on multiple two-way visits and the UK and Nigeria’s warm relationship. It has been heartening to see all the progress in UK Nigeria education collaboration since my first visit to Nigeria, as part of a wider delegation, in 2022.”
DBT’s mission concluded with a strong pipeline of follow-up activity, including targeted one-to-one meetings, MoU discussions, and agreed next steps between UK and Nigerian counterparts.
News
Tinubu Seeks Senate Approval for $516m Sokoto-Badagry Highway Loan

President Bola Tinubu has requested Senate approval for a $516.3 million foreign syndicated loan to fund key sections of the Sokoto-Badagry superhighway, a cornerstone of his Renewed Hope Agenda.

Tinubu
In a letter read by Senate President Godswill Akpabio during Thursday’s plenary, Tinubu invoked Sections 16 and 21 of the Debt Management Office Act, 2011, to secure financing via Deutsche Bank AG for Sections 1, Phase 1A, and 1B. The 1,000-kilometre project will span Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, linking Illela to Badagry and boosting trade, connectivity, and goods movement.
The nine-year loan, with a three-year grace period and interest at SOFR plus 5.3 per cent, includes a partial risk guarantee from the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). The Federal Government will provide over ₦265 billion in counterpart funding for land acquisition and infrastructure.
Akpabio referred the request to the Senate Committee on Local and Foreign Debts for a one-week turnaround report. He endorsed the borrowing, stating it advances road safety and national integration.
The highway aims to cut travel times and stimulate economic corridors, with the Federal Executive Council already approving the plan.
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