Telecom
Operators Say Funding, Others Hamper ICT Development in Nigeria
Telecommunications operators in the country have said that funding is the biggest challenge they face in their efforts to ensure increased access and affordability of telecommunications services in the country.
According to them, right funding for the development of transmission infrastructure which is necessary for increased access and affordability of telecom services is lacking in the country.
Ikechukwu Nnamani, chief executive officer, Medallon Communications, a data centre operator, told Nigeria CommunicationsWeek that the biggest challenge in information and communications technology today is right funding.
“It has been identified that cost of leasing transmission infrastructure in the country is very high because of the fact that operators that built these transmission infrastructure have borrowed money with high interest rate and will have to pay back in record time.
Banks in the country charges interest rate of 35 percent. How can you borrow money with 35 percent interest rate to execute a long term project and still charge reasonable cost? They have no option than to charge high to enable them to have quick return on investment.
“More so, ‘Right of Way’ issues as we are witnessing today is also tied to right funding.
He said that since the country does not have venture capital firms that can fund long term capital projects, “our best alternative is for the federal government to borrow money to finance the building of telecommunications transmission infrastructure that operators can lease to deliver services at cheaper cost as well as reliable.
“Since government can borrow money to finance railway project which is long term project that helps to ease means of transportation at reduced cost, it is not out of place to extend same to ICT development knowing that availability of telecommunications services has a wide range of positive impact on the economy.
“Today we complain of impediments to broadband penetration, inability to reach 30 percent target. Even where we have access, reliability is a problem due to high cost of backbone infrastructure. Federal government needs to come out with right funding mechanism to address these problems,” he stated.
Mohammed Rudman, managing director, Internet Exchange Point of Nigeria, IXPN, said that the issue of right of way has been there for a very long time and that the best solution to the problem is for all the various stakeholders to come together.
“All the right actors should come together. As it is today the industry is a bit fragmented, we need to really come together, have a strong voice and ensure that the highest authority in the country is aware of the current situation and propose solutions to the problem.
“For instance, the president of Nigeria should be aware of these inconsistences in the prices of right of way that the telecommunications operators in Nigeria are facing in various states and it should be address at Federal Executive Council.
“They need to approve a common rate across all the states and the states should be in agreement with the presidency and if the presidency wants to do this I think it is possible for them to push the states to agree certain conditions.
“Not only right of way, there are constant bottle necks in terms of regulations just to boost internally generated revenue for the states, there are various kinds of regulations. As at the last time I checked there are 38 different levies and taxes on telecommunications operators across the federal, states and local government areas.
“This is huge. It doesn’t make sense. What should happen is for each state to possibly harmonize and get under one ministry where all the telecommunications related taxes and regulations can be pursued and be paid their instead going to various ministries departments and agencies,” he added.
With the introduction of Travel Saga, a premium, fast-paced gaming experience that is currently live and accessible to customers on its network, Globacom has lifted the bar for mobile entertainment in the country.
Travel Saga is a story-driven, intricately connected role-playing game designed to provide the thrill, complexity, and competitive intensity of some of the most well-known action games in the world.
The game, which has been painstakingly optimized for mobile devices, redefines mobile gaming as a full-fledged digital battlefield by translating a console-grade experience onto data-enabled handsets.
Fundamentally, Travel Saga takes users on quick virtual journeys against recognizable international landscapes. In a dynamic, ever-evolving gaming environment, players are thrown into furious missions, fierce fights, and ever-expanding tales where talent, strategy, and endurance determine who rises through the ranks to become a true war hero.
In addition to the excitement of fighting, users are encouraged to go to various locations, take part in thrilling challenges, and participate in intense competition for in-app rewards like points and victory badges. With each encounter and accomplishment, the immersion increases with each level, maintaining momentum and excitement.
Flexible subscription plans with one-time or auto-renewal choices are available to subscribers for the service, which costs ₦100 per day and ₦250 per week. By dialing *70021#, customers can quickly subscribe and gain instant access to the action.
With Travel Saga, Glo reaffirms its dedication to innovation and high-end digital experiences, making top-notch gaming easily accessible to its customers. The game offers uninterrupted action, adventure, and competition, all smoothly supported by the Glo network.
SHELT, a leading cybersecurity-as-a-service provider, has earned inclusion in the 2025 MSSP 250, the annual ranking of the world’s top 250 Managed Security Service Providers (MSSPs) by MSSP Alert, a CyberRisk Alliance publication.
SHELT
The list evaluates firms on business performance, service breadth, and industry impact, spotlighting those excelling in growth, operational excellence, and advanced managed security amid rising cyber threats. Selection criteria include annual recurring revenue, profitability, workforce expansion, business growth, and the depth of managed security offerings.
SHELT’s recognition underscores its investments in scalable security operations, threat intelligence, and tailored managed services across multiple regions, enabling clients to navigate complex risk landscapes effectively.
“Being recognised in the MSSP 250 is a meaningful milestone for our team,” stated Youssef Abillama, CEO of SHELT. “It validates our focus on building practical, resilient security services that help organisations manage risk and respond effectively to today’s evolving cyber threats.”
The company hailed the honour as testament to its teams’ dedication and expertise worldwide, reaffirming commitment to enhancing capabilities and delivering trusted cybersecurity solutions.
Meta Platforms, owner of Facebook, has appointed Dina Powell McCormick, a former adviser to President Donald Trump, as its new president and vice chairman, bolstering its leadership amid aggressive AI and infrastructure expansion.
Dina Powell McCormick
The announcement, made on Monday, positions Powell McCormick – who recently stepped down from Meta’s board after eight months – to guide overall strategy, including multi-billion-dollar investments in data centres and global partnerships.
A Goldman Sachs veteran with 16 years in senior roles and prior stints as deputy national security adviser under Trump and in the Bush administration, she brings deep finance and international ties to the role.
Meta CEO Mark Zuckerberg hailed her as “uniquely qualified” for the company’s next growth phase, while President Trump praised the move on Truth Social as a “fantastic choice”.
The hire signals Meta’s efforts to strengthen White House relations, following recent dinners with Trump and U.S. investment pledges worth hundreds of billions
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