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A Dirge to the Nigerian Research and Education Network

By Austin Okere
There is no cheer about the recent pronouncements from the hierarchy in the education sector and the long-term impact on our youth.
“Nigerian government reverses resumption of schools, says no WAEC exam for now.” was the screaming headline in the Premium Times on July 10, 2020.

The Minister of State for Education, Chukwuemeka Nwajiuba, announced during a media briefing on July 6 that the West African Examination Council (WAEC) examination will now take place between August 4 and September 5. In swift contradiction, the education minister, Adamu Adamu, speaking to State House correspondents at the end of the Federal Executive Council (FEC) meeting presided by President Muhammadu Buhari, said Nigerian schools will not reopen any time soon “until it is safe to do so because of the COVID-19 pandemic”.
The situation at the tertiary level is not any better, as the Academic Staff Union of Universities (ASUU) through an interview of their President, Prof. Biodun Ogunyemi with the Punch Newspaper on June 16, 2020 has declared that E-Learning cannot work in Nigeria. It seems that Prof. Ogunyemi totally overlooked Private schools in his pronouncement; many of whom have completed the syllabus for the current term through online classes at home.
The Ausso Leadership Academy (#ALA), foremost institution providing mentorship to Business Leaders and Entrepreneurs to scale their businesses geometrically has transitioned her models and frameworks online and continues to impact companies with game changing ideas to thrive now and beyond.
Far afield, both Harvard and Princeton have announced plans to bring back students for the fall semester, albeit, all course instruction will be delivered online, including for students living on campus. Coursera is partnered with 192 institutions from 43 countries and offering more than 3,200 online courses in 13 languages.
The irony is that Nigerian Universities would have had six years of leapfrog experience in online learning if we had taken the opportunity presented by the NgREN and consolidated on the budding shoots. But like most opportunities that come our way, we display gross unpreparedness and unprecedented nonchalance in the face of opportunity cost to our future generations.
The COVID-19 pandemic is real, and we have to take all necessary precautions and follow social distancing and other protocols advised by the Nigeran Centre for Disease Control (NCDC).
But not knowing how long it will last, we cannot put our lives on permanent pause. We have to adjust to the new normal and get on with it. Companies like Zoom and Amazon have understood this and have ended up net beneficiaries.
I wrote this article four years ago when it seemed that the NgREN will become an abandoned project, and another of the many white elephant projects dotting our landscape.
What can we learn from this in order to forestall a reoccurrence?
One of the proudest moments in the history of the Nigerian Education sector was the successful implementation and commissioning of the Nigerian Research and Education Network (NgREN).
Being the first of its kind in Sub-Saharan Africa, the pomp and pageantry that accompanied the unveiling event seemed justified and earned. The network which boasted 465mbps of internet capacity represented 20 times the average connectivity capacity leveraged by the universities.
This was a project conceptualized, deployed and managed by Nigerians under a consortium of indigenous companies including CWG Plc, Airtel, Medalion, Resourcery, and Phase 3; finally, a project for us by us.
The idea of the NgREN was conceptualized as far back as 2004. After a long period of dormancy, it was revived under the auspices of the Nigerian Universities Commission (NUC) and the Committee of Vice Chancellors (CVC) in January 2010.
The objective was for a Research and Education Network that will connect all Higher Institutions of Learning together, and to the global Research and Education Network. The achievement made Nigeria the first in sub-Saharan Africa to join the league of countries in Europe and America that had functional Online Research & Education Networks.
A catalytic fund was secured from the World Bank as grant, and counterpart funding by the Federal Government of Nigeria in mid-2012 for the first phase of the project, while the procurement cycle was concluded in February 2013.
The first phase of the project which connected 27 Universities, the CVC and the NUC, with over one million users, delivered 155mbps capacity to each university and connected to the Multiprotocol Layered Switch core network, which had a 10Gbps capacity, as well as 465mbps internet capacity, providing high definition telepresence capabilities for real-time collaboration, voice over internet protocol, shared access to research content and joint experimentation projects.
The second phase was planned to cover five more clusters of about 100 institutions and five million users. Subsequent phases were to cover all higher education institutes numbering over 600.
The network was to be connected to the London Open Exchange via an international private leased circuit, and offer additional services such as web hosting, unified communication, digital library collection, video bridging and archiving services.
This indeed would have afforded Nigerian Universities the opportunity to take a quantum leap in online learning, and significantly improve their low ranking in quality and reach of teaching and research output, and thereby bringing them closer to their global peers.
But alas, this was not to be; as the much heralded NgREN has been shut down for over eleven months due to non-payment of the segment bandwidth fees. The consortium of local providers however, left all the equipment intact in good faith, awaiting the provision of bandwidth to restore services.
Apart from the immense benefit in value and global trends, the economies of scale of the project saved the universities immense costs, as embarking individually on such a project would be grossly sub-optimal and prohibitively expensive.
Nigeria has a long history of poor project execution and abandonment. According to journalists Chuka Uroko and Joshua Bassey, in the past couple of years alone, it is estimated that over 11,886 federal government projects with an estimated value of N7.7trillion have been abandoned.
Should we start singing a funeral dirge to a well conceptualized and implemented system as the NgREN, with all its benefits after spending so much tax payers’ money on it? By this action of omission or commission we would have inadvertently reversed the solid gains made in the broadband transformation agenda and shut our youth from critical online learning and the emerging digital economy.
The importance of broadband to online learning, the digital economy and social development cannot be overemphasized. This is underscored by the open letter from the Global Broadband Commission to the G20 leaders’ meeting as far back as 2012, wherein they enumerated the importance of broadband in moving the global economy onto a higher growth trajectory, and in generating sustainable, social and economic growth of all nations, especially literacy development to address inequity and deliver inclusive growth for all.
In particular, they argued that broadband enabled technologies are simulating fresh innovation and inspiring a new generation of digital entrepreneurs. The digital era will produce a whole new range of digital careers and industries of the future. Broadband reduces barriers to entry, offering opportunities for small and medium enterprises to challenge existing hierarchies, to innovate, compete and grow.
The targets of the NgREN were to make broadband universal among our youth in higher institutions and their surrounding communities, make it affordable, connect homes and businesses, and get more people online. In essence, it would have enabled our institutions to have the same opportunities to learning as those in the developed world, and impacted their communities as is currently witnessed in places such as Silicon Valley in America.
With such nonchalance to educational development in our country, it is no surprise that none of our local universities is included in the ranking of the world’s best 1,000. Tertiary education in Nigeria has suffered from long periods of neglect to the extent that parents would rather take their Children to countries like Ghana, UK, US and Canada.
It is estimated that Nigerians studying in British and American Universities have spent over N137billion on tuition and living expenses in the last two academic sessions. If the over 71,000 Nigerian students who pay tuition fees in Ghana were to contribute the N160billion they spend annually, they would account for about 40 per cent of the Nigerian education budget. According to Mr. Ian Stewart, a member of the British Parliament, there are about 30,000 Nigerian students in the UK alone.
In the wake of the expressed resolve of the Muhammadu Buhari led federal government to make public institutions more accountable and responsive to the needs of the society, it is expedient to immediately revive the NgREN project, and in the medium to long term properly situate it, including exploring Private, Public Partnership (PPP) to ensure that this laudable project does not die an avoidable death. We should as a nation learn to stop being wasteful in the face of acute scarcity and make the most of our scare resources.
Austin Okere is the Founder of CWG Plc, the largest security in the technology sector of the Nigerian Stock Exchange, and Entrepreneur-in-Residence at CBS, New York. Austin also serves on the Advisory Board of the Global Business School Network, and on the World Economic Forum Global Agenda Council on Innovation and Intrapreneurship. Austin now runs the Ausso Leadership Academy focused on Business and Entrepreneurial Mentorship
News
InsomniaQ Spotlights African Creativity in Lagos

Quickteller successfully hosted the maiden edition of InsomniaQ recently in Lagos, delivering a 12-hour non-stop celebration of African music, culture, and creativity.

A statement from the firm on Sunday stated that the event attracted a diverse audience of music lovers, culture enthusiasts, and festive diaspora returnees, marking a strong debut for what organisers described as a potential signature December event.
InsomniaQ featured a dynamic mix of live performances and DJ sets, showcasing Africa’s rich musical diversity and creative depth. From soulful sounds to high-energy performances, the festival offered a thoughtfully curated journey designed to follow the natural rhythm of its audience’s circadian cycle, sustaining energy, connection, and excitement throughout the night.
Beyond the performances, InsomniaQ emerged as a platform for shared cultural expression, creating space for celebration, discovery, and community. The experience reinforced Lagos’ position as the heartbeat of Africa’s December entertainment season and highlighted the growing appetite for premium, culturally grounded experiences.
Commenting on the success of the event, the Executive Vice President, Group Marketing and Communications, Interswitch Group, Cherry Eromosele, described InsomniaQ as an organic extension of Quickteller’s place in everyday moments of connection, culture, and celebration.
“InsomniaQ was created as a space to celebrate African creativity in its full expression, the music, the energy, and the people who make our culture so powerful.
“Seeing that vision come to life, with thousands of people connecting through sound, movement, and shared experience, has been truly rewarding. This debut edition reinforces our belief in creating platforms that bring people together and spotlights the richness of African talent in meaningful ways,” Eromosele said.
The success of InsomniaQ, according to the organisers, reflects a broader commitment within the Interswitch ecosystem to support experiences that extend beyond transactions into everyday life. By championing platforms that blend culture, innovation, and community, Interswitch continues to shape how people connect, celebrate, and experience Africa’s evolving creative economy.
With its strong debut, InsomniaQ has set the tone for future editions and established itself as a new fixture in Africa’s December calendar, celebrating culture, driving connection, and creating memorable experiences.
News
How Moniepoint’s Founders, Tosin Eniolorunda and Felix Ike are Redefining African Tech and Finance

In an era where global tech giants dominate headlines, two Nigerian entrepreneurs are quietly revolutionizing financial services across Africa, proving that world-class innovation can emerge from homegrown talent and local institutions.

Tosin Eniolorunda and Felix Ike, co-founders of Moniepoint Inc, have built one of Africa’s fastest-growing fintech companies, not despite their exclusively Nigerian education, but in many ways, because of it.
Their journey from the lecture halls of Obafemi Awolowo University and the University of Lagos to the TIME100 Most Influential Companies list stands as a powerful testament to the caliber of talent nurtured within Nigerian universities and the transformative potential of locally-rooted vision.
Tosin Eniolorunda’s path exemplifies how Nigerian educational institutions can cultivate entrepreneurial excellence. After earning his degree in Mechanical Engineering from Obafemi Awolowo University, he didn’t follow the well-trodden path abroad but instead chose to build solutions for Nigerian challenges within Nigeria itself. This decision proved prescient.
Understanding the unique financial ecosystem and infrastructure gaps firsthand from the work at TeamApt Ltd where they were building from majority of the country’s banks, Tosin pioneered several industry firsts: introducing instant POS transfers to Nigeria, launching the country’s first virtual account services, and constructing a vertically integrated payments processing switch with full switching and processing licenses.
These feats and technological achievements must be viewed from the prism that these were deeply contextual innovations born from intimate knowledge of local needs, the kind of understanding that comes from being educated and embedded in the communities one serves.
Felix Ike’s contribution complements this vision with technical brilliance equally rooted in Nigerian educational excellence. Graduating with first-class honors in Computer Science from the University of Lagos, Felix brought to Moniepoint the kind of engineering rigor required to build mission-critical financial infrastructure.
As Chief Technology Officer, he has architected systems that are not just functional but scalable, resilient, and secure enough to serve over 10 million businesses and individuals across Nigeria and Africa. His work demonstrates that Nigerian universities are producing software engineering leaders capable of building world-class technology that can compete on the global stage with technology that processes millions of transactions daily and underpins the financial dreams of an entire continent.
Since its founding in 2015, Moniepoint has evolved into Africa’s largest distributor of financial services in Nigeria, with presence across all 774 local government areas. The company’s all-in-one financial ecosystem offering seamless payments, banking, credit, and business management solutions reflects a sophisticated understanding of what African businesses and individuals actually need to thrive.
The accolades have followed: recognition by TIME as one of the 100 Most Influential Companies in 2025, listing among CNBC’s top UK fintech firms, and ranking in the Financial Times’ Africa’s Fastest-Growing Companies for three consecutive years.
The Moniepoint story as an indigenously rooted but globally compliant player challenges prevailing narratives about where innovation must originate and what credentials are necessary for building transformative companies. Tosin and Felix’s success illustrates that Nigerian universities, when their graduates are empowered with vision, opportunity, and determination, can produce founders who don’t just participate in the global economy but reshape it.
News
FIRS Declares NIN, CAC Numbers as Tax IDs from 2026

Federal Inland Revenue Service (FIRS) has announced that the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) will automatically serve as the Tax Identification Number (Tax ID) for all Nigerian citizens, while registered businesses will use their Corporate Affairs Commission (CAC) registration numbers.

FIRS
The disclosure was made during a public awareness campaign on the new tax laws posted on X (formerly Twitter) on Monday.
According to the Service, the Nigeria Tax Administration Act (NTAA), which comes into force in January 2026, mandates the use of Tax IDs for certain financial and commercial transactions, including bank account ownership.
FIRS explained that the measure is part of efforts to unify all previously issued Tax Identification Numbers (TINs) by both the federal and state revenue services into a single identifier.
“For individuals, your NIN automatically serves as your Tax ID, while for registered companies, your CAC RC number is used. You do not need a physical card; the Tax ID is a unique number linked directly to your identity,” the Service stated.
The agency noted that the requirement has been in place since the Finance Act of 2019 but has now been strengthened under the NTAA to ensure compliance and ease of administration.
Officials emphasized that the reform would simplify tax processes, reduce duplication, and improve transparency in Nigeria’s tax system.
The Service added that the integration of NIN and CAC numbers into the tax framework would also enhance data accuracy, curb tax evasion, and streamline the monitoring of taxable activities across the country.
Tax experts have described the development as a significant step toward modernizing Nigeria’s revenue administration, noting that it aligns with global best practices where national identity systems are linked to tax compliance.
The FIRS urged Nigerians to ensure that their NINs and CAC registration details are up-to-date, stressing that the identifiers would be required for transactions such as property purchases, contract awards, and access to certain financial services once the NTAA takes effect
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