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Accelerex Demonstrates Fintech Leadership with Two Awards @ BoICT
One of Nigeria’s foremost financial technology companies, Global Accelerex (Accelerex), has yet again demonstrated its leadership in the financial technology industry by clinching the FinTech Services Provider of the Year and Customer Focused ICT Company of the Year awards at the 12th edition of the Beacon of Information and Communication Technology (BoICT) Awards, which held recently at the Eko Hotels & Suites, Lagos.
Hailed as one of the fintech sector’s highest honours by key stakeholders, the awards were in recognition of the company’s trailblazing efforts in the development of innovative products and provision of excellent customer service, as defined in the Accelerex Service Promise.
It is Accelerex’s second consecutive time of winning the BoICT FinTech Services Provider of the Year Award, as it won the same award in 2020. The Company also bagged the Customer Focused ICT Company of the Year Award in 2019, making this the second time in three years it is being bestowed with a tribute for its customer-first approach to business.
At the award ceremony, Mr. Ken Nwogbo, Founder and Chief Executive Officer of Nigeria Communications Week, the awarding organisation, revealed that the winners were decided through electronic voting by the general public, largely drawn from technology consumers, business leaders, ardent readers of its publications and other major stakeholders in the ICT space. He congratulated Accelerex for distinguishing itself from the competition through its cutting-edge products and exceptional customer-centricity.
While speaking on the awards, Mr. Kayode Ariyo, Managing Director of Accelerex stated, “We are honoured and humbled by this recognition. The fact that our two critical areas of focus were acknowledged by a public jury is proof that we are doing something right and this makes us proud.
“These awards are dedicated to our valued customers that deemed us worthy of being recipients and to Accelerex staff that constantly push boundaries to ensure that our customers always enjoy a stellar experience”.
Speaking further about the significance of the awards to the company, Mr. Ariyo added, “As we expand to other parts of Africa, our credo will remain prioritizing the market needs of customers to enable us to create unique products and solutions to suit their businesses. We derive pleasure in serving them beyond their expectations and thank them for the trust they have in us as their partner.”
Accelerex is renowned for its pedigree in world-class technology, excellent customer service and a commitment to provide fintech solutions that evolve with customers’ needs. It works with different categories of businesses to accelerate their processes for maximum efficiency.
The 2021 BoICT Awards are the latest accolades for Accelerex. In 2019, it clinched the Innovation in Financial Inclusion Award at the Nigerian Fintech Awards; Cashless Driver: Point of Sale Transactions (PTSP) from the Central Bank of Nigeria (2019), and Most Outstanding Payment Terminal Service Provider of the Decade at the Africa Digital Awards (2020), among others.
The Beacon of Information and Communication Technology Awards is an annual event which honours and rewards outstanding contributions to the growth of the information communication technology sector in the country. It is organised by Communications Week Media Limited, publishers of Nigeria Communications Week.
Accelerating artificial intelligence (AI) adoption could increase Africa’s GDP by up to 4% over the next decade, according to the International Monetary Fund (IMF).
In a report released on Tuesday, titled Africa Can Grow Faster With AI—If It Moves Now, economists from the IMF’s Africa Department say current levels of AI adoption and utilisation are expected to contribute just 0.2% to the region’s GDP over the next 10 years.
However, the report says stronger adoption, supported by the right infrastructure and policies, could raise the economic impact to about 4% by extending AI beyond today’s digitally connected firms.
Martin Schindler and other IMF economists say: “AI adoption in sub-Saharan Africa currently lags well behind every other region. If richer economies race ahead while African firms and governments lag, the productivity gap between the region and the rest of the world will only widen.”
Early signs of AI adoption are emerging across Africa, with countries including Zimbabwe, Kenya, Egypt and Nigeria developing AI strategies.
Telecommunications operators, including Vodacom, Econet, Africell and MTN, are also integrating AI into their operations and networks.
Other examples include chatbots supporting teaching and learning in Nigeria and the South African Revenue Service’s use of data analytics for targeted tax audits.
However, the IMF says AI adoption must extend beyond these early use cases to deliver meaningful economic benefits.
“For the region, AI’s main promise is not about replacing office workers, but boosting productivity across the economy—helping informal firms manage inventory, enabling farmers to increase yields, and supporting mid-sized firms to transition to formality and export readiness,” the report reads.
The IMF is urging governments to prioritise investment in reliable electricity, affordable broadband, data infrastructure and digital skills to support wider AI adoption.
Many African countries, including Zimbabwe, Kenya, Ghana, Nigeria and Cameroon, continue to face electricity shortages, while broadband services remain costly and coverage is uneven.
The Fund believes stronger investment in power, connectivity, regional data infrastructure and digital skills would help unlock AI’s economic potential.
National Population Commission (NPC) has commenced the nationwide digital registration of births and deaths under the Electronic Civil Registration and Vital Statistics (E-CRVS) system to strengthen legal identity management and improve demographic data.
Speaking at a press briefing in Lokoja on Tuesday, Mr Afolabi Yori, federal commissioner representing Kogi, said the initiative became operational nationwide on July 1, through the VitalReg platform.
Yori described the development as a landmark in Nigeria’s civil registration system, noting that it would modernise birth and death registration through a technology-driven platform that meets international standards.
He said the digital platform would improve service delivery, strengthen data integrity and ensure that every birth and death occurring in Nigeria was accurately documented and securely stored.
According to him, civil registration is more than an administrative process, as it provides reliable statistics that support public policy formulation, resource allocation and national development planning.
“Nigeria records an estimated five million births annually, yet millions of births and deaths remain unregistered.
“Birth registration coverage currently stands at about 57 per cent nationwide, while death registration remains below 20 per cent,” he said.
The commissioner said that the commission had established 4,011 functional registration centres across the country’s 774 local government areas and was working to expand the number to about 8,000.
He added that the commission was strengthening collaboration with stakeholders to improve the capacity of registration personnel and ensure prompt documentation of vital events through the VitalReg platform.
Yori said the platform would provide faster registration services, 24-hour online access, digital certificate issuance where applicable, and reduce paperwork, waiting time and unnecessary travel.
He disclosed that the platform was being operated under a Public-Private Partnership with Barnks-forte Technologies Ltd. as the commission’s technical partner to ensure system availability, cybersecurity and continuous technological improvement.
He called on parents, healthcare institutions, traditional and religious leaders, civil society organisations, development partners and the media to support the initiative by encouraging the prompt registration of births and deaths.
Earlier, Samuel Omonakpeme, director in Kogi, NPC State, described the commencement of the digital registration system as another milestone in efforts to strengthen Nigeria’s Civil Registration and Vital Statistics system.
Omonakpeme stated that the initiative aligns with the Federal Government’s digital transformation agenda and the Sustainable Development Goals, particularly Goal 16.9, which seeks to provide legal identity for all.
He appreciated the Federal Government, the leadership of the commission, UNICEF and other development partners for supporting the implementation of the initiative.
The state director also urged parents, guardians, health institutions, community leaders, religious organisations and the media to mobilise public support for the timely registration of all births and deaths.
The News Agency of Nigeria (NAN) reported that ICT personnel of the commission, led by Ehimoni Kolawole, conducted a live demonstration of the digital birth registration process using the VitalReg platform.
The demonstration showed that the registration process captures the biodata of both parents, while at least one parent must possess a valid National Identification Number (NIN) to complete the registration of a newborn.
Yola Electricity Distribution Company (YEDC) has alerted its customers to a fraudulent message circulating on social media, falsely claiming that electricity consumers can receive an additional 20 per cent bonus units when recharging their prepaid meters through unofficial channels.
In a statement issued by the company’s management on Monday, YEDC described the claim as false and urged customers to disregard the misleading information, stressing that it did not originate from the company.
According to the statement, YEDC does not offer bonus electricity units through individuals, agents, personal bank accounts, phone numbers, or social media contacts.
The company advised customers to purchase electricity tokens only through approved cashless payment platforms, including the YEDC Pay App, OPay, Interswitch, and other authorised vending channels, or to visit the nearest YEDC office for assistance.
YEDC also cautioned customers against sharing their meter details or personal information, or making payments to unauthorised persons claiming to represent the company.
The company further urged customers to rely exclusively on information disseminated through its official communication channels to avoid falling victim to fraud.
The management thanked customers for their continued cooperation and reaffirmed its commitment to serving them.
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