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Adia Sowho, Chief Marketing Officer, MTN Nigeria Others Express Optimism About the Future of Nigerian Startups

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Adia Sowho, Chief Marketing Officer, MTN Nigeria has expressed optimism about the future of the Nigerian startups while discussing the Nigerian Startup Bill at the Nigerian Economic Pre-Summit event.

The virtual event which featured addresses from the Minister of Communications and Digital Economy, Dr. Isa Ali Pantami; Chairman, House Committee on ICT, Abubakar Lado, Partner, Aelex, Davidson Oturu, Co-Founder and Managing Director, i4Policy Foundation, Jon Stever, among others, was organised by the Nigerian Economic Summit Group’s (NESG) Digital Economy Policy Commission.

Speaking about tech ecosystem, Sowho highlighted the potential of the Nigerian startup space. According to her, “The Q3 2020 GDP report released by the National Bureau of Statistics indicates that the non-oil sector was primarily driven by information communication technology and the financial institutions.

“These two industries largely house most of the technology startups we are hoping to support with this Bill.

“Nigerian startups such as Flutterwave, Andela, O’Pay and Interswitch are some Nigerian startups that have exceeded a million dollars in value.

“These are just a few of the many tech companies operating in this country and I expect that we will see more of this happening more frequently.”

She, however, noted that the success of the space was dependent on the availability of an enabling environment, “With this figure in mind, imagine how much more the Nigerian economy can benefit from these current and future positive activities, given the global trends in technology as long as there is an enabling environment.”

Oturu spoke on the key provisions of the Nigerian Startup Bill and mechanisms included to ensure efficient implementation. ”There is a provision for the establishment of a “National Council” with members from both the private and public sectors.

“This will ensure that policies to be proposed will not restrict but enable startups and guarantee regulatory certainty,” he said.

Also commenting on the nature and importance of the startup bill, Sowho further stated that, “This Startup Bill, among the many positives, aims to create laws that provide startups with a clear and consistent regulatory framework.

“This will ensure regulatory certainty, which will encourage local founders and investor confidence, and hopefully lead to a rise in FDI inflows.”

Sowho called on the private sector to show support for the government’s efforts in growing the economy through contributions in the startup space.

“The growth of our economy and its health is not solely dependent on the government alone.

“There’s a lot the private sector can do to ensure it supports the government’s efforts. One of such efforts is what we’re working on today,” she concluded.

Pantami assured stakeholders of his support for the Bill saying, “Startups are key to economic development. The Nigerian Startup Bill came up as a result of a joint effort between all stakeholders, including startups.

The Bill is now almost ready. I have conveyed the progress we have made so far to the Office of the Attorney-General of the Federation and the Minister of Justice so they can support what we have been doing with the Bill.

I have also personally engaged the Attorney General to discuss the facilitation of the Bill by the executive arm in order to ensure that it gets a favourable consideration by the National Assembly.”


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Senate Gives Tinubu Nod to Borrow Fresh $6Bn

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Senate on Tuesday approved the fresh $6 billion loan request forwarded to the lawmakers by President Bola Tinubu.

Senate Gives Tinubu Nod to Borrow Fresh $6Bn

Lawmakers approved the fresh loan on the same date the request letter was read by Godswill Akpabio, senate president.

The Senate approved the loans following the presentation and consideration of the report by Senator Aliyu Wamakko, chairman, Senate Committee on Local and Foreign Debts.

President Tinubu had written to the Senate seeking approval to borrow a total of $6 billion to finance key government projects and address budgetary gaps.

The requests were contained in two separate letters addressed to Godswill Akpabio, president of the Senate, and read during Tuesday’s plenary.

In the first letter, the President requested approval to obtain a $5 billion loan from Abu Dhabi Bank.

According to the President, the facility will be used to cover the nation’s budget deficit and support debt financing, among other fiscal obligations.

The request forms part of the Federal Government’s efforts to stabilise public finances and sustain ongoing government programmes.

In a separate communication, Tinubu also sought approval to secure a $1 billion UK Export Finance loan facility from London Citi Bank.

The loan is intended for the rehabilitation of key port infrastructure, including the Lagos Port Complex and Tin Can Island Port.

The President said the project aims to address critical infrastructure deficiencies in the country’s maritime sector

According to him, the rehabilitation will help improve efficiency, enhance safety standards, and support Nigeria’s efforts to diversify its economy beyond oil.

He added that the initiative would also strengthen Nigeria’s position as a regional trade hub.

Both requests have now been considered and approved by the Upper Legislative Chamber.


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FG Earmarks $2Bn to Launch 2 Satellites in 2028, 2029

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Federal government has fixed 2028 and 2029 for the launch of two communication satellites, NIGCOMSAT-2A and NIGCOMSAT-2B, as part of efforts to strengthen security and expand digital connectivity.

FG Earmarks $2Bn to Launch 2 Satellites in 2028, 2029

The government will be committing over $22 billion on the ambitious space-led growth agenda focused on new satellite launches, increased industry revenue and expanded broadband access in underserved communities.

At the opening of the 2026 Nigerian Satellite Week in Abuja, Dr Bosun Tijani, minister of Communications, Innovation and Digital Economy, confirmed the government’s approval for the acquisition of two new satellites—NigComSat 2A and 2B, describing the move as a “defining commitment” to national development, digital sovereignty and economic competitiveness.

Also, Mrs Jane Nkechi Egerton-Idehen, managing director of Nigerian Communications Satellite Limited (NigComSat), noted that the projects have moved beyond procurement to the execution stage.

She said the satellites are designed to enhance intelligence gathering, surveillance, and connectivity across Nigeria and neighbouring countries, particularly in support of security operations.

“For 2A and 2B, we have started the process. We have closed the tender and are now back into the financing and implementation stage. 2A is built to come up in 2028, and 2B for 2029.

“When they are up and running, they are expected to provide security within the borders and neighbouring countries. They will support the security agencies because data collection and intelligence in real time is important. Satellites like communication satellites allow that, irrespective of where they are,” she said.

On his part, Tijani, said the satellite programme forms part of a broader government strategy to deepen digital infrastructure nationwide.

According to him, the initiative complements ongoing investments in fibre-optic expansion and telecommunications infrastructure, while extending connectivity beyond Nigeria’s borders.

“The President’s approval of NIGCOMSAT-2A and 2B demonstrates a clear commitment to building the future. These satellites will enhance security, connect remote communities, and extend our fibre-optic network into neighbouring countries.

“Some of these neighbouring countries pay up to ten times more for internet capacity than Lagos. Extending our fibre network will not only improve connectivity but also enhance border security and regional collaboration.

“Satellite technology affects everything, from how a child in a rural community accesses the internet to how farmers make critical decisions and how businesses operate across distance,” he said.

 


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FG Launches CLHEEAN to Streamline Access to Government Services

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Federal government has announced the launch of CLHEEAN, an artificial intelligence-powered mobile application designed to improve interactions between citizens and public institutions.

FG Launches CLHEEAN to Streamline Access to Government Services

It is also a civic education and community engagement app.

Developed under the National Orientation Agency (NOA), the platform functions as a virtual assistant accessible via mobile devices.

It allows users to access information on public policies, ask questions, and interact directly with government services.

The app includes features such as instant messaging, voice recognition, and multilingual support, including several local languages, to reach a wider audience.

With CLHEEAN, users can also submit feedback, report concerns, and take part in discussions on public policies. The approach is intended to strengthen citizen participation and improve communication between the government and the public.

Lanre Issa-Onilu, director general of the NOA, said the initiative addresses a long-standing gap between citizens seeking to be heard and systems that do not always respond effectively, adding that the platform marks a step toward closing that gap.

The launch comes as Nigeria continues to face challenges in citizen engagement and the dissemination of public information.

By leveraging artificial intelligence, authorities aim to make public services more accessible while improving transparency and responsiveness.

The initiative also reflects a broader trend across Africa, where governments are increasingly exploring the use of AI to modernize public services and strengthen ties with citizens.


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