News
Gov.Udom Receives Post COVID-19 Economic Committee Report

Governor Udom Emmanuel of Akwa Ibom State has received the report submitted by the 20-member committee put together by his administration to reposition the state for the post COVID-19 economy.
The report was submitted on Tuesday, June 9, 2020 at an event which had in attendance the governor and members of the State Executive Council.
The committee which had Prof. Akpan H. Ekpo, a former Director General of the West African Institute for Financial & Economic Management (WAIFEM) as Chairman and Prof Emmanuel Onwioduokit, HOD, Economic, University of Uyo as Secretary; also boasts a number of prominent entrepreneurs including Leo Stan Ekeh, Chairman, Zinox Group; Udom Inoyo former Executive Vice Chairman of ExxonMobil as well as other eggheads from the corporate and academic circles as well as seasoned administrators in its fold.
The 142-page report was divided into nine chapters, each of which addressed specific areas of interventions or terms of reference on what should be done in rejigging and restructuring Akwa Ibom state to navigate the post COVID-19 world.
Equally important, the report was classified into three different time frames, namely the immediate, short term and long term interventions.
They include mental orientation of the people, especially the youths; focus on agriculture, industry and service as potential mainstay of the Akwa Ibom economy in a post COVID-19 world without oil; massive efforts to continue the industrialization process in the state, increased participation of the youth in the economy and stamping out of cultism/other criminal activities in the state; completion of the Science Park to serve as a Silicon Valley of sorts for Akwa Ibom state as well as for job creation and improvement of Internally Generated Revenue (IGR); massive investment in infrastructure; re-visitation of the state’s waterways transportation; full autonomy for the state’s internal revenue board by disengaging it from the public service and the establishment of clear targets for it; recapitalization of state-owned financial institutions such as the Akwa Saving & Loans Ltd. and provision of credit facilities for low-income housing for residents; set-up of an independent data generation institution to aid the state’s planning purposes; inauguration of an Economic Advisory Council to assist in the conceptualization, formulation and implementation of government policies; establishment of a Reserve Fund to see the state through lean periods; recommendation of an exit plan for the state’s commercial ventures; identification of low-hanging fruits that the state can immediately take advantage of and the creation of a 30-year strategic development plan to be passed into law in the state.
Receiving the committee’s report, Governor Udom heaped praises on the members of the committee for completing its work within the one-month time frame outlined.
Specifically, he singled out two non-indigene members of the committee – the Zinox Chairman, Dr. Ekeh and Prof. Vincent Anigbogu, Director-General, Institute for National Transformation – for special praise.
‘‘On behalf of the good people of Akwa Ibom State and the Executive Council, I want to appreciate the members of this committee, beginning from the Chairman, Prof. Akpan Ekpo, the Secretary, Prof Emmanuel Onwioduokit and most especially those our brothers, Prof. Anigbogu, Leo Stan Ekeh and our sister Mary of the Securities and Exchange Commission, as busy as she’s been who still created time to serve her state irrespective of her busy schedule.
‘‘I really want to appreciate all of them specifically and convey the gratitude of our own people.
“I want to say we are grateful to Prof. Anigbogu, to Leo Stan Ekeh and all the Akwa Ibomites who have served on this committee.’’
Reacting to the recommendations of the committee, the Akwa Ibom Governor disclosed that his administration will implement every single one to the letter.
He also commended the innovative ideas for repositioning the state and empowering the youths through ICT, even as he welcomed the idea of mental re-orientation.
‘‘The only way forward and the fastest approach; I believe when I read your report, I will see as one of the low-hanging fruits, is to drive our youths through ICT.
“For this, we have to work with our brother, Leo Stan Ekeh, a friend of the state, who in fact, we must give a local government which he will adopt as the one he hails from in Akwa Ibom; so that he can help us drive the aspect of youths and ICT.’’
Referencing the growth of platforms such as Zoom, Microsoft Teams and Netflix, the governor affirmed that COVID-19 had created a number of business opportunities for people through ICT, noting that a lot more are coming.
‘‘I wouldn’t want Akwa Ibom to be left behind,’’ he declared.
On the 20-year strategic development plan for the state, Udom expressed excitement with the recommendation.
Also, he stated that the Executive Council was working on a similar proposal, noting that the proposal had undergone two reviews.
Subsequently, he assured of his commitment to conclude the economic plan as quickly as possible.
Equally important, he revealed the immediate set-up of a five-member implementation committee headed by the committee Chairman, Prof. Ekpo to see to the immediate execution of the report submitted by the committee.
Others include the Secretary, Prof. Emmanuel Onwioduokit; former Executive Vice Chairman, ExxonMobil, Mr. Udom Inoyo; Commissioner of Agriculture, Dr. Glory Edet and Hon. Eno Uwan.
News
UK, Nigeria Launch £15 million Growth Programme to Accelerate Economic Transformation

The UK Minister for Africa and International Development, Baroness Jenny Chapman, has concluded a two-day visit to Nigeria, during which she announced a new £15 million Growth Programme, deepened cooperation on digital transformation and health, and visited communities benefiting directly from UK investment on the ground.

The visit, spanning Abuja and Kaduna, underscored the breadth and depth of the UK–Nigeria Strategic Partnership and marked a significant step towards both countries’ shared priorities.
The UK–Nigeria Growth Programme
The centrepiece was the meeting with Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele. During their meeting, they discussed the new UK–Nigeria Growth Programme. Over three years, it will accelerate economic transformation, unlock private investment and support Nigeria’s transition from macroeconomic stabilisation to sustained, reform-led growth.
Alongside the Growth Programme, the UK announced deeper collaboration on Nigeria’s digital economy through the SPRIRET initiative, delivered under the UK’s Digital Access Programme. SPRIRET will support digital governance reforms across five Nigerian states, reducing regulatory barriers and enabling greater investment and innovation in broadband, digital services and emerging technology.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele said: “We continue to value the UK–Nigeria relationship, one of the most important partnerships for both our countries. Today, that relationship extends beyond traditional ties and now focuses on development, growth, and shared prosperity.
“The UK–Nigeria Growth Programme helps bring this partnership to life—supporting capital market development, technology investment, small businesses, and technical assistance. We look forward to seeing how these opportunities deliver lasting benefits and drive progress for both countries.”
Trade and bilateral ministerial meeting
During the visit, Baroness Chapman met with the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole. Discussions covered progress under the Enhanced Trade and Investment Partnership (ETIP), including boosting exports via the Developing Countries Trading Scheme, fintech and capital markets links.
Kaduna: building on two decades of partnership
In Kaduna, Baroness Chapman met with Governor Uba Sani to take stock of over 20 years of UK–Kaduna partnership and explore how cooperation can deepen shared priorities. She heard from the business community and key institutional investors about their investment aspirations and the role of the UK in supporting investment mobilisation and enabling climate finance.
She met with community animal health workers and livestock breeders to discuss the UK’s support on breeding techniques, animal health and livestock vaccines. She also visited Unguwan Sanusi Primary Health Care Centre, which serves approximately 20,000 people in Kaduna South, hearing directly from patients and frontline health workers about the impact of UK-supported health programmes.
At the end of the visit, the UK Minister for Africa and International Development, Baroness Jenny Chapman, said: “This visit has reinforced everything I believe about the UK–Nigeria partnership.
“That it is deep, it is real, and it is moving in the right direction. From launching our new Growth Programme with Honourable Minister Oyedele, to meeting from frontline health workers in Kaduna — every conversation this week has shown me a country full of ambition and a partnership that is genuinely delivering for both sides.
“Nigeria is a partner that the UK is proud to stand alongside and I leave more convinced than ever that the next chapter of this partnership is its most exciting yet. The UK is here for the long term, and we are ready to grow together.”
News
Mobile Internet Gender Gap Widest in Africa – GSMA

More than 810 million women across low- and middle-income countries (LMICs) remain offline, with Sub-Saharan Africa recording one of the world’s widest mobile internet gender gaps.

According to the GSM Association’s (GSMA’s) Mobile Gender Gap Report 2026, released this week, women in LMICs are still 12% less likely to use mobile internet than men, leaving an estimated 200 million fewer women connected than their male counterparts.
This is despite mobile internet becoming the primary gateway to the digital economy, according to new research from the GSMA.
The report reveals that of the 810 million women who remain offline globally, more than two-thirds live in Sub-Saharan Africa and South Asia −regions that continue to experience the widest disparities in digital access.
The findings highlight significant implications for Africa, and the challenges facing governments, mobile operators and development agencies seeking to expand digital inclusion.
The report notes that Sub-Saharan Africa’s mobile internet gender gap stands at 26%, second only to South Asia’s 25%. The divide becomes even more pronounced outside major cities.
“In LMICs, the gender gap in mobile internet adoption tends to be two to three times wider in rural areas than urban areas. In 2025, across all LMICs, the gender gap in mobile internet adoption was more than three times wider in rural areas than in urban areas.
“There is also a difference at the regional level, where the gender gap in mobile internet adoption is wider in rural than urban areas of LMICs in every region except Europe and Central Asia.”
For Africa, the rural challenge is particularly severe, the report warns.
The GSMA found that the gender gap in mobile internet adoption reaches 34% in rural areas of Sub-Saharan Africa, compared to 21% in urban centres.
Device challenge
Smartphone ownership remains a major obstacle to digital inclusion. The report found that women across LMICs are 13% less likely to own a smartphone than men, representing approximately 210 million fewer women with access to internet-enabled devices.
Across Sub-Saharan Africa, only 34% of women own smartphones, with the region recording a smartphone ownership gender gap of 22%, with access to internet-enabled devices remaining one of the most important factors influencing whether women eventually adopt mobile internet services.
“The type of mobile device a person owns matters, as it typically affects whether and how they use the internet. Once someone owns a smartphone, they are much more likely to be aware of mobile internet, adopt it and use it regularly and in a variety of ways. In fact, once women own a smartphone, these metrics more closely resemble those of men,” notes the report.
Barriers persist
Despite growing awareness of mobile internet and its benefits, women continue to face multiple barriers to meaningful participation in the digital economy.
The report identifies affordability, literacy and digital skills as the leading barriers preventing women from getting online.
Even after gaining access, women frequently report safety and security concerns, data costs and connectivity quality as obstacles to broader internet use.
The report notes: “Addressing rural gender gaps is essential to advancing digital inclusion for women overall. In particular, women who live in rural areas tend to have limited physical access to essential services and may have the most to gain from better access to mobile and mobile internet.
“Addressing gender gaps in mobile ownership, particularly of smartphones, and in mobile internet use can help women in rural areas benefit from these digital technologies to the same extent as men.”
Claire Sibthorpe, head of digital inclusion at the GSMA, warns that progress is not happening quickly enough and emerging technologies such as artificial intelligence risk creating new forms of digital exclusion.
“While there has been a slow narrowing of the mobile gender gap since 2022, much more is needed to address the persistent and significant gender gaps in mobile internet adoption and use.
“We live in an increasingly digital world and the proliferation of technologies such as AI are creating greater digital divides and inequities, elevating the need to ensure digital inclusion for all.”
News
Payaza Secures ‘A’ Credit Ratings from Moody’s, Agusto, DataPro, Intelligence Africa

Payaza Africa, a payments infrastructure company, has earned strong credit ratings from four major rating agencies, reinforcing its growing reputation as a resilient and credible player in Africa’s financial services ecosystem.

The payment company recorded upgrades across the board, with DataPro raising its rating from A to AA-, Intelligence Africa assigning it an A- investment-grade rating, Agusto upgrading it from BBB to A-, and GCR, an affiliate of Moody’s, also moving it from BBB to A-.
A credit rating reflects a company’s financial strength and its ability to meet debt obligations, indicating how safe it is for lenders and investors to extend credit.
In a statement on Monday, the company described the achievement as a validation of its disciplined growth trajectory and operational resilience in a dynamic fintech landscape. It added that the upgrades position Payaza as a future-ready brand with increasing relevance not only within Africa but also in the global fintech space.
Commenting on the development, Seyi Ebenezer, the Chief Executive Officer of Payaza Africa, said the ratings reflect years of deliberate effort to build a sustainable and globally competitive institution.
“This milestone is a strong affirmation of the work we have done to build Payaza on a foundation of discipline, trust, and long-term value creation. Receiving these upgraded ratings sends a clear message that Payaza is not only growing, but growing with strength, structure, and sustainability,” he said.
Ebenezer noted that the recognition goes beyond financial performance, highlighting the company’s ability to execute strategically while maintaining strong risk management practices.
“For us, this is bigger than recognition. It reflects our commitment to building a world-class institution that can compete globally while continuing to serve businesses and consumers across the continent with excellence.
“Over time, our ratings journey has reflected more than strong financial performance. It speaks to a business built on disciplined execution, prudent management, and the ability to scale responsibly in a dynamic market. This has helped us stand out not only as an innovator in digital payments, but as a maturing financial institution with the operational depth to compete globally.
“These new ratings are expected to further strengthen Payaza’s standing with investors, regulators, partners, enterprise clients, and the wider financial community. In a sector where trust, resilience, and compliance are increasingly central to long-term success, independent ratings remain a powerful endorsement of a company’s ability to manage risk, meet obligations, and sustain growth,” Ebenezer said.
Payaza Africa provides payment infrastructure solutions focused on collections, payouts, embedded finance, and digital commerce enablement for businesses across Africa.
The company has also continued to expand its product ecosystem with solutions such as Payaza Checkout for payment collections and payouts, Chat and Pay by Payaza for WhatsApp-based transactions, Payaza Give for donations and digital contributions, and Shopaza, its e-commerce platform designed to help businesses sell and receive payments more efficiently.
E-Business2 days agoFirm Discovered a New Corporate Phishing Technique using a Popular AI Web Development Platform
E-Financial3 days agoSenate Moves to Regulate Crypto Sector, Seeks Investor Protection
Telecom2 days agoNo More Deleting and Reposting: Instagram Unveils Long-Awaited Profile Update
General News3 days agoIMF Warns Nigeria of Risks in $5Bn Swap Deal with First Abu Dhabi Bank
Telecom2 days agoAirtel Nigeria Launches Web Data Calculator to Give Customers Greater Visibility into Data Usage
Telecom2 days agoAll Set for 2026 Nigeria DigitalSENSE Forum and Awards: NLNG, IHS, and others rally support
Telecom2 days agoNCC Board Reviews Telecom Sector, Notes Progress in Network Expansion, Consumer Compensation
Broadcasting3 days agoMTN Launches One TV with Free-to-View, Pay-as-You-Go


















