General News
Nigerian Youths, Technology & the Future
In this digital age, the backbone of every economy is hinged on Technology with entrepreneurship driving the growth of the entire system.
We see Technology powering every facet of human endeavor, enabling effective governance, empowering security, driving economic and social changes.
No nation especially the developing countries can afford to neglect the importance of technology if they want to be relevant in future.
Going by the projections from Gartner, Information Technology spending will nearly hit $4 trillion threshold by the end of this year and then Software spending will be $158 billion in 2016.
The positive economic indexes coming from Nigeria as an emerging market, we are certainly a centre of global attraction.
The most unfortunate thing is we are yet to realize some of these inherent potentials as to take rightful position to benefit from them, this is our greatest undoing!
I have often times stated that for a country like Nigeria, the realities of achieving the UN Millennium Development Goals(MDGs) within the given time will still be an illusion if we do not quickly channel the strength of the young population into exploring ways of creating wealth and opportunities through the use of Technology.
It is obvious that Nigerian youths when given the right technology tools and support can create products and services that will impact on the economy of the country positively, perhaps this could be the panacea to unemployment.
Just as a recent report released from the research done by Omidyar Network on Accelerating Entrepreneurship in Africa, shows that despite the challenges entrepreneurs in Nigeria face like lack of easy access to capital, infrastructural and power deficiencies etc., there is a positive and strong entrepreneurial culture in Nigeria driven by the young population.
This shows that many young Nigerians are eager to become entrepreneurs if given the needed support in an enabling environment!
As a startup founder, observing, facilitating and following the Tech trends (www.techtrendng.com) in Nigeria over the years, this is one of the most interesting times in terms of the realities and possibilities of technology entrepreneurship amongst young people.
In that spirit, many young Nigerians despite the daunting challenges are working so hard to build tech Start-Ups that will be globally competitive. These young Techpreneurs are continuously placing Nigeria in the eyes of Global media attracting investment and re-branding the image of the nation.
At the just concluded Mobile Web West Africa conference held in Lagos, the event which is a leading Mobile-focused conference tracts the development and trends in the Mobile ecosystem in the region.
The conference which x-rays the impact and economic potentials of Mobile devices and Applications, saw delegates from leading Mobile business all over the world participate.
The most amazing thing at that conference was seeing a lot of young Nigerians, who have started their own Tech Startups as Software and Application developers.
The passion and drive seen in these young people can only be likened to what our Super Eagles football team did at the last African Cup of Nation-#winning!
A good number of these young people who also live in Nigeria are making headlines and grabbing attention internationally.
Talk about Iroko Partners, Jumia, Konga, Jobberman, Kaymu,Paga,TruSpot,The Inye Tablet etc are a few of such Tech businesses attracting great funding from international organizations and corporations.
The Beni American University- an Online University founded by the 24-year old Gossy Ukanwoke is one Startup that needs mentioning. Ideas like the iPolice, iConnect, iWatch, BudgIT, Enough is Enough Nigeria, social media platforms and bloggers are many of such driving social changes in Nigeria and have received global recognitions. The Maliyo games, Kuluya games, Danfo Driver games, AfriNolly etc. are all driving Nigerian content into relevance.
The effort of the duo- Bosun Tijani and Femi Longe, Founders of Co-creation Hub (CcHub) Nigeria is worthy of mentioning.
The CcHub which is at the centre of tech innovation amongst young people in Nigeria is Nigeria’s first open living lab and pre-incubation space designed to be a multi-functional, multi-purpose space where work to catalyze creative social tech ventures take place.
It is a place for technologists, social entrepreneurs, government, tech companies, impact investors and hackers in and around Lagos to co-create new solutions to the many social problems in Nigeria.
The organizers of Mobile Monday are doing their bits too.
The Women in Technology in Nigeria organization is at the heart of grooming and mentoring Young Girls in becoming Techpreneurs.
Recently they organized a Mobile Application Development Competition for young girls in secondary schools in Nigeria; I saw many Mobile apps developed by these Young girls.
One of such Apps is a Traffic Monitoring App developed by the Princeton Girls for ICT, their project was showcased in the US at the Technnovation competition in May 2013.
The Software Nigeria Challenge for Higher Education Community in Nigeria powered by the Institute of Software Practitioners of Nigeria (ISPON) has seen many Applications being developed by young people.
Seeing the great potentials in these young Nigerians, several Multi -national Companies like Google, Microsoft, Nokia, Blackberry, Tecno are harnessing the potentials of these young app developers in building their platform and also supporting the growth of the ecosystem.
And then the critical question is-What is the Government doing to facilitate the growth of Youth Tech Entrepreneurship in Nigeria? Indeed, over the years Government has not played their role in creating the enabling environment for these young Tech entrepreneurs to thrive; it seems government is beginning to appreciate the importance as seen by the recent effort of the newly created Ministry of Communications Technology led by Mrs. Omobola Johnson.
The ministry has set up Software Venture Fund, commissioned two software incubation centers in Lagos and Calabar, inaugurated a Technology Innovation Committee, these are all steps in the right direction which are commendable but a whole lot needs to be done by government to support technology entrepreneurs in Nigeria.
One of the major tasks of government is not to be a player but to help structure, facilitate and promote the growth of the ecosystem in Nigeria where Venture capitals, Accelerators, Incubators, Angel investors, the Private Public Partnership, the academics, Multinational Companies will be stakeholders in the ecosystem driving innovation.
And then most importantly, the right people with hands- on experience in Tech entrepreneurship should be involved to make these projects by government achieve the desired goals.
For other young people who are yet to embrace techpreneurship, this few advice can be of great help seeing what the future holds.
Learn the necessary skills in Technology: With the way things are going, not every skill, vocation or training will be relevant for the future. It is time for more young Nigerians to get into the field of Software Engineering, Microelectronics, Nanotechnology, Computer and information sciences, Physics, Mathematics and related courses.
Here, am not just talking about getting the certificate or degrees and then go to look for a job, am talking about learning it so you can start up something with what you have learnt, you begin to create value in the society as well.
Generate Ideas from problems around You: Nigeria is faced with a lot of problems no doubt; it simply means that there are a lot of opportunities in finding the solution to those problems.
Studying the problems and proffering a solution to them using technology is what am talking about here. Generate ideas that will address those problems like poverty, lack of quality Education, unemployment, social changes, bad governance, environmental challenges, Technology deficiency, health and many others.
As Mobile is said to be the future of Africa, explore the use of Mobile phones and Mobile Internet then Mobile Applications; these are growing so fast in Africa. Jeff Bezos, the founder of Amazon.com said this about the Internet just before he started” Anything growing that fast is going to be ubiquitous very quickly” Seeing this about the Internet at that time motivated him to start Amazon.com and today Amazon is a leading Tech company in the World. m-Commerce , m-Health, m-learning, m-agriculture, m-governance, m-social etc. offer new opportunities.
Imbibe the Success Attitude: The words of Thomas Edison, the great inventor suitably summarizes the attitude you need to have as an aspiring techpreneur.
He said” The most important factors of invention can be described in few words. They consist first of definite knowledge as to what one wishes to achieve, one must fix his mind on that purpose with persistence and begin searching for that which he seeks, making use of all accumulated knowledge on the subject. He must keep searching no matter how many times he may meet with disappointment. He must refuse to be influenced by the fact that someone else may have tried the same idea without success. He must keep himself sold on the idea that the solution of his problem exists somewhere and that he will find it. When a man makes up his mind to solve any problem, he may at first meet opposition, but if he holds on and keeps on searching, he will be sure to find some sort of solution.
The trouble with most people is that they quit before they start. In all my experiences, I do not recall having ever found solution to any problem connected with my work on my first attempt. And one of the most surprising things is the fact that when I discovered the thing for which I am searching, I generally find that It has been within my reach all the time; but nothing except persistence and a will to win would have revealed it”
Omeruo, Editor www.techtrendsng.com sent via [email protected]
General News
NDIC Reinforces Full Oversight Compliance to Safeguard Depositors

Mr. Thompson Sunday, the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), has reaffirmed the Corporation’s strict compliance with fiscal and financial regulations, including the provisions of the Fiscal Responsibility Act (FRA) 2007, noting that the NDIC has consistently remitted the required percentage of its earnings to the Federal Government.

Mr. Sunday made this known during a courtesy visit to the Managing Director/Chief Executive of the Ministry of Finance Incorporated (MOFI), Dr. Armstrong Takang, as part of NDIC’s ongoing engagement with key stakeholders following his formal assumption of office in July 2025.
According to him, NDIC takes financial accountability and transparency seriously, stressing that the Corporation complies fully with statutory remittance obligations, including the payment of 20 per cent of gross earnings or 80 per cent of net surplus to the Federal Government, as applicable. He added that NDIC also submits its financial statements ahead of statutory deadlines.
The NDIC MD/CE explained that this culture of compliance aligns with the Corporation’s role as a key institution within Nigeria’s financial safety-net, charged with protecting depositors and promoting confidence in the banking system. He emphasized that adherence to fiscal discipline remains central to NDIC’s credibility and effectiveness.
Mr. Sunday further disclosed that NDIC also complies with the Federal Government’s 50 per cent cost-to-income ratio policy, although he noted that the policy poses operational constraints. He explained that the deductions affect NDIC’s ability to build a strong Deposit Insurance Fund, which is needed to respond effectively to bank failures.
He stressed that international best practices under the Core Principles for Effective Deposit Insurance issued by the International Association of Deposit Insurers (IADI) require deposit insurers to maintain adequate funds to reimburse depositors when banks fail without recourse to government, adding that the NDIC is seeking an exemption to strengthen its capacity in this regard.
Mr. Sunday described MOFI as a critical stakeholder, noting that the Federal Government, through MOFI, holds a 40 per cent equity stake in NDIC. He said sustained collaboration with MOFI is essential to ensuring that NDIC continues to meet its obligations to government while effectively safeguarding depositors’ funds.
In his remarks, Dr. Takang commended the NDIC for its exemplary collaborative spirit and acknowledged the Corporation’s compliance with fiscal regulations. He assured that MOFI would continue to engage the Federal Ministry of Finance on NDIC’s behalf, noting that a strong NDIC is vital to sustaining confidence in Nigeria’s financial system.
Both institutions reaffirmed their commitment to continued cooperation, transparency and accountability, with Mr. Sunday reiterating that NDIC remains focused on balancing regulatory compliance with its overriding mandate of depositor protection and financial system stability.
General News
T2 Backs Youth Excellence as NCBC Wins Bosun Tijani Foundation Basketball Tournament

T2 has reaffirmed its commitment to youth development and excellence through sport as the NCBC basketball team, adopted by the brand, emerged champions of the Bosun Tijani Foundation Youth Basketball Tournament held at the Alake Sports Complex, Ijeja, Abeokuta.

The tournament, organised by the Bosun Tijani Foundation in collaboration with the Ogun State Government and supported by several partners including T2, brought together 12 competitive teams from across Nigeria, positioning basketball as a powerful platform for youth engagement, discipline, and opportunity.
NCBC’s championship run reflected the values T2 seeks to champion, work ethic, intelligence, teamwork, and resilience. The team recorded commanding victories over Team Vision, Warlords, and Elevate before defeating the Ilupjeu Raiders 66–52 in a gripping final.
Commenting on the adoption of the team, Seni Ogunkola, Vice President, Brands and Communication, T2 stated “NCBC embodies the qualities we believe in, exceptional work rate, intelligence on the ball, discipline, and a hunger to excel. By supporting them, T2 is investing in potential, purpose, and the next generation of leaders on and off the court.”
The climax of the event saw His Royal Highness, Oba Adedotun Gbadebo, the Alake of Egbaland, alongside Nigeria’s Minister of Communications and Digital Economy, Bosun Tijani, present the trophy to the victorious team, drawing rapturous applause from spectators. The event was also attended by the Chief of Staff to Ogun State Governor Dapo Abiodun, Mr. Lere Olayinka, and the Ogun State Commissioner for Sports, Honourable Wasiu Isiaka, underscoring strong institutional support for youth-focused initiatives.
Through its participation in the tournament, T2 continues to position itself as a brand that goes beyond sponsorship, championing platforms that unlock talent, inspire ambition, and create lasting social impact for Nigerian youth.
General News
Ecobank Guarantees Seamless Digital Banking Services Throughout the Christmas and Year-End Period

Ecobank Nigeria, a member of Africa’s leading pan-African banking group, has assured customers of uninterrupted access to banking services throughout the year-end holiday period via its secure and robust digital platforms. The Bank also urged customers to remain vigilant against fraud and scams during the festive season.

Ecobank Bank
Speaking on the development, Victor Yalokwu, Head, Products & Analytics, Consumer & Commercial Banking, Ecobank Nigeria, said the Bank’s digital channels – including the Ecobank Mobile App, Ecobank Business App, USSD *326#, Ecobank Online, OmniPlus, Omnilite, EcobankPay, RapidTransfer, Ecobank Cards, ATMs, PoS terminals, and over 35,000 Ecobank Xpress Point (Agent Banking) locations nationwide – will remain fully available to support customers throughout the yuletide and year-end holiday period.
He noted that customers will continue to enjoy a wide range of services during the period, including local and international funds transfers, bill payments and airtime top-ups, merchant payments, balance inquiries and account statements, as well as cardless cash withdrawals via ATMs.
According to Yalokwu, “Ecobank encourages customers to leverage these digital solutions for safe, fast, and efficient banking, especially during the festive season when convenience and reliability are essential.
“While physical branch operations may be subject to adjusted working hours in line with public holidays, customers can be assured that Ecobank’s digital platforms are designed to deliver uninterrupted service and enhanced security at all times.
“Ecobank remains committed to providing innovative financial solutions and exceptional customer service, and we wish all our customers a joyful festive season and a prosperous New Year.”
Yalokwu also cautioned customers to remain vigilant against fraudsters and scammers during the period. “Before you wrap up the year, tighten your security. December brings online sales, travel, and year-end distractions—this is exactly when scammers are most active. From fake festive deals to cloned merchant sites and suspicious messages, staying vigilant helps keep your money safe.”
He advised customers to shop only on trusted websites, never share their PINs, passwords, or one-time passwords (OTPs), avoid banking on public Wi-Fi networks, be cautious of urgent or emotionally charged messages, and regularly review their account activity.
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