Telecom
Regulating Local Content is Transforming Nigeria’s Economy – DG NITDA

Mallam Kashifu Inuwa Abdullahi, Director General of National Information Technology Development Agency (NITDA), has said that regulating indigenous content development and adoption is one of the strategic pillars that is transforming Nigeria’s economy, as well as putting the country on the right to tract in achieving Digital Economy.
Abdullahi said this at an online webinar on Local Content Policy in the ICT Sector with the theme:”Local Content Policy in the ICT Sector as key to Achieving Objectives of the Digital Economy in Nigeria”organised by Centre for Information Technology and Development (CITAD) in collaboration with NITDA and Speedstar.
He stated that in August, 2020, NITDA updated the Guidelines for Nigerian Content Development in ICT to align with the two issued executive orders 003 and 005, which led to enforcing compliance with all local content policy in IT projects through the Agency’s IT project clearance mandate.
“Through our modest efforts we have transformed the landscape and stimulated demand for made in Nigeria ICT products and services.
“Our policies have increased the consumption of local hardware in an unprecedented manner from annual sale of 113,814 in 2015 to 414, 510 in 2018 and 364,376 in 2019.
“We also facilitated patronage of indigenous software, amounting to over 3 billion naira through our regulatory local content guidelines and IT clearance,” he said.
He added that Local Content Policy in the ICT sector under the purview of the Agency has played a crucial role in increasing the consumption of local content, placing policies on the use of local content items in the various Ministries, Departments and Agencies (MDAs) across the country.
“The Administration of President Muhammadu Buhari, has given a special priority to diversification through strengthening of our indigenous content and local production with the motive to boost the boost the Nation’s Gross Domestic Product (GDP).
“In 2015 the country’s economy was down due to the fall in oil price crash, a team of experts was setup to develop policy for the government to diversify our economy, which gave birth to Economic Recovery and Growth Plan (ERGP) 2017 – 2020.
“The Economic Recovery and Growth Plan (ERGP) is a Medium Term Plan for 2017 – 2020, for the purpose of restoring economic growth, building a globally competitive economy and accelerating inclusive growth by investing in our people the nation’s most priceless assets. The policy also identified Information and Communication Technology (ICT) as the key enabler, he added.
The NITDA boss said that the Federal Government of Nigeria issued two executive orders 003 in May, 2017 to support procurements of local content products and services by Ministries Departments and Agencies (MDAs), while Executive Order 005 was issued in February, 2018 to promote Nigerian content in planning, execution of projects and contracts in science engineering and technology respectively.
“Digital Economy is the fastest growing economy in Nigeria and the World in general. To sustain and consolidate the growth we need to ignite innovation and entrepreneurship in the digital space.
“Most of our initiatives today are innovation ecosystem centric that will help us to come up with ideas that will create values in Digital space,” he emphasized.
He further stated that guidelines for Nigerian Content Development in ICT require Multinational Companies (MNCs) operating in Nigeria to submit a annual report on local content development activities.
According to him, assessment of the 2018-2019 Local Content Development Reports submitted by 9 MNCs indicates that a total of 663 Nigerians are employed by the MNCs and also, about 2,033 direct and indirect jobs were created through the MNCs activities.
The DG added that it also supported 88 Nigerian Startups, trained 28,773 Nigerians on emerging technologies, 58,892 Girls/Women trained in ICT, about 1,354,988 Nigerians were trained in Digital Skills, 71,289 ICT Scholarship Programs for Nigerians, 519,313 Nigerians were trained in ICT Professional Development.
“To sustain and consolidate on these achievements, the government rolled out Nigeria Economic Sustainability Plan and in line with the sustainability plan our Ministry under the leadership of Dr Isa Ali Ibrahim Pantami, Minister of Communications and Digital Economy, sought the President’s approval to re-designate and expand the mandate of our Ministry to cover digital economy.
“This request was graciously approved and the Minister formulated the National Digital Economy Policy for Digital Nigeria. The minister has issued more than a dozen policies to support the implementation of the Digital economy.
“Digital economy is mainly driven by rapid business innovation, using digital technology to deliver new customer value proposition, new business model, new organizational structure, new customer experience, operational excellence and enhanced products and services. This cannot be achieved in isolation; we need innovation ecosystem.
“It is obvious that innovation is not evenly distributed globally but there is something common among all innovative countries. They all have a strong innovation ecosystem.
“To build a vibrant innovation ecosystem in Nigeria, we have keyed into MIT program call REAP – Regional Entrepreneurship Acceleration Program. REAP is a global capstone initiative that provides opportunity for communities to engage with MIT in an evidence-based and practical approach to strengthen innovation ecosystem. This centre will serve as a platform for the MIT-REAP initiative,” he said
Abdullahi pointed out that COVID-19 has impacted lives in an unprecedented way, many aspects of lives – work, education, economy, entertainment, have moved online.
According to data compiled by Visual Capitalist, in a single internet minute in 2020, consumer spend more than 1m USD, over 42 million messages shared via WhatsApp, more than 1.4 million people make video or voice call, over 150,000 messages shared on Facebook, more than 319 new accounts created on Twitter, LinkedIn users apply for over 69,000 jobs, more than 6,500 packages shipped by Amazon, and over 200,000 people participate in Zoom meetings.
Telecom
Legend Internet, Spectranet in Merger Talks

Legend Internet Plc, an internet service provider, plans to merge with Spectranet, Nigeria’s largest ISP by subscribers, in a deal that signals a new wave of consolidation as competition intensifies in the broadband space.

The proposed transaction, disclosed in a regulatory filing to the Nigerian Exchange (NGX) on Monday, will see both companies combine their businesses under a unified corporate structure.
The deal is pending approval from the Federal Competition and Consumer Protection Commission (FCCPC) and the Nigerian Communications Commission (NCC), with completion targeted for Q2 2026.
The merger brings together two players that have long competed for the same urban broadband customers and signals that Nigeria’s internet service provider market may be entering a consolidation phase.
With infrastructure costs rising, spectrum constraints tightening, and competition intensifying from MTN and Airtel’s home broadband arms, mid-tier ISPs face growing pressure to scale or get squeezed.
Legend’s board, which approved the transaction in October 2025 before shareholders ratified it in November, framed the deal in terms of network capacity and operational efficiency.
“The proposed merger aligns with Legend’s long-term strategy to expand broadband infrastructure and strengthen its position within Nigeria’s telecommunications sector,” Legend said in the filing.
“The Transaction is expected to deliver significant strategic and financial benefits, including enhanced network capacity through the integration of fibre and wireless infrastructure, improved operational efficiency, and expanded coverage across key urban markets.”
The combined entity would inherit Spectranet’s established brand recognition among home and SME broadband users alongside Legend’s listed status and infrastructure footprint.
The filing did not disclose the financial terms of the transaction, including the valuation or the structure of the share arrangement.
The deal also reflects broader shifts in Nigeria’s ISP market, where scale, network quality, and capital investment are becoming critical to survival. By merging with Spectranet,
Legend is betting that consolidation can deliver the scale needed to compete more aggressively.
Spectranet, once a dominant force in Nigeria’s fixed wireless segment, enters the merger from a position of relative weakness. In 2025, its active subscriber base fell below 100,000 for the first time since the NCC began publishing ISP data. The company lost 3,732 users in the second quarter alone, marking its second consecutive quarterly decline.
That drop came amid intensifying competition from newer entrants and alternative technologies. Satellite internet provider Starlink, for instance, has recorded rapid growth, increasing its subscriber base significantly over the same period. Fibre-focused players like FibreOne are also expanding, putting additional pressure on legacy wireless operators.
Despite these challenges, Spectranet remains a significant player. As of late 2024, it controlled about 47.3% of Nigeria’s wireless ISP market and remained the largest ISP by subscriber count as of mid-2025. However, its lead has been narrowing, underscoring the urgency of strategic repositioning.
For Legend Internet, the merger could provide a faster route to scale than organic growth alone. The company, which listed on the NGX in April 2025 through a listing by introduction, has seen a volatile stock performance.
After debuting at ₦5.64 per share and climbing to a high of ₦10.35 in May 2025, the stock fell to a low of ₦4.30 in September before beginning a recovery. As of March 23, 2026, Legend’s shares trade at around ₦6.00, giving it a market capitalisation of approximately ₦12 billion. The stock has gained about 13.4% year-to-date, suggesting a modest return of investor confidence following its post-listing swings.
Telecom
Canada–Nigeria Technology Partnership Forum Set for Lagos on March 26


Canada–Nigeria
The forum will convene technology leaders, innovators, distributors, systems integrators, and policymakers from Canada and Nigeria to explore new commercial opportunities and deepen bilateral collaboration in the digital economy.
To participate, register here.
Designed as a strategic engagement platform, the event will showcase Canada’s advanced technology capabilities while connecting Canadian companies with Nigerian partners across key sectors including artificial intelligence, cybersecurity, telecommunications, enterprise solutions, and smart infrastructure.
Driving Cross-Border Innovation
The forum aims to strengthen innovation ties between both countries by facilitating partnerships that support digital transformation, business growth, and knowledge exchange.
Proceedings will begin at 8:30 AM with registration and introductions led by the Trade Commissioner, followed by official welcome remarks at 9:00 AM by the Head of Office at the Deputy High Commission of Canada in Lagos.
Keynote on Technology Transformation
A keynote address will be delivered from 9:10 AM to 9:30 AM by Mr. Olagoke Orija, representing the Country Manager of Microsoft Nigeria.
The keynote will highlight opportunities for technology-driven transformation and collaboration within Nigeria’s rapidly evolving digital landscape.
Panel Session: Strengthening Tech Partnerships
A key highlight of the forum will be a panel discussion scheduled from 10:00 AM to 10:45 AM, themed:
“Building Stronger Tech Partnerships: Distributor, Integrator & Reseller Opportunities.”
The session will explore practical models for collaboration between Canadian and Nigerian companies, with focus on:
- Expectations of Nigerian firms from international technology partners
- Success factors in joint ventures, distribution, and co-development
- Case studies of Canada–Nigeria technology collaboration
Panelists include:
- Lee-Michael J. Pronko (Canada)
- Dr. Isi Brennan (USA)
- Gbemi Akande – Optimus AI (Canada)
Sector-Focused Syndicate Sessions
From 10:45 AM to 12:00 PM, participants will engage in sector-specific syndicate sessions featuring presentations from leading Canadian technology firms:
- Agile Agilist – Artificial Intelligence
- Cetark – Cybersecurity
- Ethica Channel Enablement Inc – Telecommunications
- Telepin – Telecommunications
- SimplyCast – Enterprise Solutions
- Viion Systems – IoT and Smart Infrastructure
Each company will deliver focused 15-minute presentations, highlighting solutions and partnership opportunities.
Networking and Cultural Exchange
An interactive Q&A session will take place from 12:00 PM to 12:20 PM, allowing participants to engage directly with presenters.
This will be followed by a Wine Tasting Networking Session (12:20 PM – 12:50 PM), curated by Nicotawines, featuring premium selections from Canadian wineries and distilleries including Tawse Winery, Macaloney Distillery, Lakeview, and Reif Estate Winery.
Closing and Outlook
The forum will conclude at 1:00 PM with closing remarks from the Senior Trade Commissioner, reaffirming Canada’s commitment to building sustainable and mutually beneficial partnerships within Nigeria’s technology ecosystem.
Register here to participate.
About the Trade Commissioner Service (TCS)
The Trade Commissioner Service supports Canadian companies seeking international business opportunities and facilitates trade, investment, and innovation partnerships worldwide. Through its presence in Nigeria, the TCS works to strengthen bilateral economic ties and foster collaboration between Canadian and Nigerian businesses.
Telecom
FG Taps Quest Merchant Bank for Advisory on 90,000km Fibre Project

Quest Merchant Bank has been appointed as Transaction Advisor for Project BRIDGE, a broadband infrastructure initiative of the Federal Ministry of Communications, Innovation and Digital Economy (FMCIDE), led by Bosun Tijani, the minister.

Project BRIDGE, short for Broadband Infrastructure Development for Digital Economy, is designed to deepen Nigeria’s digital backbone through the deployment of about 90,000 kilometres of open-access fibre-optic cables nationwide.
The initiative is expected to boost broadband penetration, strengthen connectivity and drive inclusive economic growth.
Under the mandate, Quest Merchant Bank will work with the ministry and the Project Implementation Unit to structure the project’s financial and commercial framework.
This includes developing bankable investment models, engaging investors and designing a public-private partnership structure to ensure efficient execution and sustainability.
Afolabi Olorode, acting managing director, described the project as a critical intervention for Nigeria’s digital economy.
“Project BRIDGE represents a critical step in strengthening Nigeria’s digital backbone and unlocking the immense opportunities within the country’s digital economy. We are honoured to partner with the FMCIDE under the leadership of Honourable Minister, Dr Bosun Tijani on this important initiative,” he said.
He added that the bank would leverage its expertise in infrastructure finance to develop “a robust and investable framework that will attract private capital and support long-term national development.”
Also speaking, Yetunde Falore, head of Investment Banking at Quest Merchant Bank, said the project comes at a defining moment for Nigeria’s digital economy.
“Nigeria’s digital economy is entering a defining phase, and infrastructure initiatives such as Project BRIDGE will play a central role in expanding connectivity, deepening digital inclusion, and supporting sustainable economic growth,” she stated.
Falore noted that the bank would focus on ensuring the timely and efficient delivery of the project in its advisory role.
The initiative aligns with the Renewed Hope agenda of President Bola Ahmed Tinubu, which prioritises digital infrastructure expansion and private sector participation in critical national assets.
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