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Oviosu, Paga Boss Speaks @ 2017 Spring Meetings, Washington DC

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Tayo Oviosu, founder and CEO Paga,
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Tayo Oviosu, founder and CEO Paga, Nigeria’s #1 Digital Financial Service company, spoke at the Spring Meetings hosted by World Bank Group and International Monetary Fund (IMF) in Washington DC recently.

The Spring Meetings, each year brings together central bankers, ministers of finance and development, private sector executives and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.

The conference featured a variety of seminars, panel discussions, regional briefings and many other events.

As part of the 2017 Spring Meetings, Paga was used as a case study for Digital Financial Services during the session “Driving Digital Financial Inclusion in Africa”.

This is evident of World Bank Group and IMF recognition of Paga’s role in championing the growth of digital financial services to the mass market in Nigeria.

Paga’s innovation is at the core of transformation of financial inclusion in Nigeria by providing technology that benefits individuals and small businesses in Nigeria – those who have no access to formal financial services and credit.

Speaking on digital financial services in Nigeria, Carla Grarsso, deputy managing director of the International Monetary Fund said: “It’s really fantastic what technology is doing. Financial inclusion and the broader availability f financial services are critical. It is critical for women and young people to build their assets in creating new enterprise. Africa leads the world in the use of mobile technology and these developments being challenges of their own – regulation and educating consumers about new products. This session showed us insights into how Nigeria is navigating these complex issues. Financial inclusion goes hand-in-hand with financial instability which is our core of business. We are supporting financial inclusion through our capacity development activities and the more we learn from innovators like Tayo Oviosu, the better equipped we are to serve our membership. We are excited to be part of this wave of technological progress and we can wait to see how it will improve the lives of millions of people in the not so distant future.”       

Tayo shared his entrepreneurial experiences with Paga aiming to solve two problems – ease of payments, and access to finance for the mass market.  

He shared Paga’s role in delivering digital financial services to all areas across Nigeria through the Paga Agent Network of over 11,000 entrepreneurs in all states of the country.

Compared to the 5,358 branches of all banks in Nigeria, the Paga Agent network is the single largest and most active network of financial services access points in Nigeria.

Paga Agents offer a convenient location for customers to send money to anyone using the recipients phone number, deposit money to any bank account, withdraw money from bank accounts, and pay bills.

Reflecting on his invitation by the IMF to be a keynote speaker at the Spring Meetings Oviosu said “It is a great recognition of the work of our 200-person strong team that the IMF would invite me to give a keynote talk on digital financial services using Paga as a case study.

At Paga we are very focused on building Africa’s #1 payments and digital bank. Our strategy and approach is unique in that we have built an agent network that is open to banks to leverage and we will also over financial services in partnership with the banks leveraging our platform. Our goal is to bring access to financial services to 30m Nigerians by 2020.”

Tayo founded Paga in 2009 with a mission to deliver innovative and universal access to financial services for individuals and businesses across Africa.

Today, Paga has over 200 employees, 6 million unique customers and over 11,000 authorized agents enabling trade, business and economic growth across Nigeria.

Paga continues to innovate and work closely with banks and other financial institutions to introduce more services that will make it even easier for people to conveniently make payments and get access to financial services.


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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.

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Anambra Cuts Monday Pay to Kill Sit-at-Home

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Anambra State will implement pro-rata salary payments for civil servants starting February 2026, targeting chronic Monday absenteeism from the long-running sit-at-home order, Information Commissioner Dr. Law Mefor announced Saturday.

Anambra Cuts Monday Pay to Kill Sit-at-Home

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Speaking at an Awka briefing after the Executive Council’s end-of-tenure retreat, Mefor said improved security and transport have eliminated excuses for the four-year disruption, which cost the state trillions in lost revenue. “Workers enjoyed full pay despite staying away; now, no work means no pay for that day, calculated over 24 working days,” he stated.

Compliance measures include mandatory Monday clock-in forms, with markets urged to reopen fully amid bolstered security. This builds on a January 22 executive order docking 20% pay from teachers absent on Mondays.

Mefor warned that lost Mondays cripple revenue collection and productivity, rejecting alternatives like Saturday shifts as capitulation to agitators.


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Stakeholders Demand Stronger Governance and Infrastructure to Drive Tech Adoption @ Lagos AI Summit

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As AI adoption accelerates across Nigeria, leaders at the “AI in Action Now” conference 2026 have called for a balance between rapid innovation and strict regulatory governance. The event, held at the Lagos Oriental Hotel, highlighted both the doggedness of Nigerian builders and the risks of unregulated data usage.

Dotun Adeoye, Co-Founder of AI Nigeria, raised alarms over “Shadow AI”, a trend where employees upload sensitive official documents to public AI platforms. He praised the Nigerian Data Protection Commission (NDPC) for its recent aggressive stance, including multi-million-dollar fines against major banks and social media brands.

“Innovation without governance is dangerous. The regulator now has the job of educating players. We are working in partnership with them to ensure players don’t just get fined, but actually understand how to protect data locally rather than storing it abroad, ” Adeoye noted.

Addressing issues of lack of infrastructure to carry AI adoption, Conference Convener Debola Ibiyode admitted that while Nigeria lacks the traditional foundation for AI adoption, the tech community cannot afford to wait.

“The simple answer is we don’t have the infrastructure, but Nigeria has never really had infrastructure to drive anything, and we still thrive, ” Iboyode said, encouraging students and builders to look beyond current limitations. “Once we start to build based on what we have now, it will encourage those who need to provide the infrastructure to do their part. The world will not wait for us,” she insisted.

To bridge this gap, she highlighted the AI Foundry Africa, an incubator designed to mentor ideas into market-ready products.

Meanwhile, speaking to journalists on the sidelines, Biodun Ogunleye, the Lagos State Commissioner of Energy and Mineral Resources, echoed the sentiment that the government’s role is to facilitate the right environment through partnership. He emphasized that data generated from interactions with the government must have long-term value.

“We must ensure that in all facets from production to interaction with government, the tools required to ensure data has value are appreciated,” Ogunleye stated.

He concluded that through private-sector collaboration, the government can focus on its primary functions while leveraging AI to ensure the nation aspires for the future.


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35 Million Nigerians Face Acute Hunger in 2026, UN Warns

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About 35 million Nigerians face acute hunger risks in 2026, including three million children battling severe malnutrition, the United Nations has warned, attributing the crisis to collapsing global aid budgets and escalating violence in the northeast.

35 Million Nigerians Face Acute Hunger in 2026, UN Warns

UN Resident and Humanitarian Coordinator Mohamed Malick Fall disclosed this on Thursday during the launch of the 2026 humanitarian plan in Abuja, noting that the traditional foreign-led aid model proves unsustainable amid Nigeria’s escalating needs.

He highlighted dire conditions in Borno, Adamawa and Yobe states, where over 4,000 people perished in the first eight months of 2025 from surging suicide bombings and attacks—equalling the entire previous year’s toll.

The UN now targets $516 million to deliver lifesaving aid to 2.5 million people this year, a sharp drop from 3.6 million in 2025 and half of prior levels, forcing prioritisation of only the most critical interventions.

Fall stressed, “These are not statistics. These numbers represent lives, futures and Nigerians,” as shortfalls last year compelled the World Food Programme to halt support for over 300,000 children after resources dried up in December.

Yet, Fall acknowledged Nigeria’s increasing national ownership, including local funding for lean-season food assistance and proactive flood early-warning systems, signalling a shift toward self-reliant crisis response.


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