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AFDB, MTN Ink $500,000 Grant Agreement to Enhance Women’s Access to Financial Services in Nigeria

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The African Development Bank’s initiative, the Africa Digital Financial Inclusion Facility (ADFI), and Y’ello Digital Financial Services (YDFS), the fintech subsidiary of MTN Nigeria, have signed an agreement for a $500,000 grant initiative to determine the feasibility of deploying women agents in the northern part of Nigeria where, due to security issues and cultural norms, women have been disproportionately excluded from accessing finance.

The grant will cover a feasibility study, human-centered design of a women-centric agent network and a pre-pilot to test the impact on the uptake of financial services by women in the Northern region.

Despite being the continent’s largest economy, access to financial services in Nigeria is still a challenge for millions of people, particularly in rural areas, where an estimated 55% of the total population are  unbanked[1].  Mobile money adoption currently stands at 4%[2],  with an agent ratio of 228.8 agents per 1,000 adults[3].

A strong agent banking network forms the backbone for adoption of digital financial services. The Central Bank of Nigeria has, in recent years, been working to create a more conducive environment for the adoption of digital financial services. One such effort involved a licensing regime for super-agents that opened the provision of agency banking services to select non-bank financial service providers.

 

A recipient of the new  licenses, MTN Nigeria, through its fintech subsidiary, YDFS, is seeking to strengthen its super-agent network in the northern part of the country, with particular focus on women’s access to finance.

Recognising the pivotal role of agency banking in women’s adoption of digital financial services and the prevalent social norms which limit their ability to make transactions with male agents, hindering their uptake and usage of services, YDFS seeks to innovate around its agency banking network to facilitate gender inclusion.

Considering that most agents are male (80%), there is growing evidence that increasing the number of women agents could attract more female clients due to social norms and safety concerns that women may have about interacting with male agents[4].

The grant from the Africa Digital Financial Inclusion Facility (ADFI) enables Y’ello Digital Financial Services to acquire insight into exclusion as a result of gender gap from a feasibility study and a human-centric design journey to attract more women into the agent business. Plans are for YDFS to use this insight to expand its existing super-agent network in northern Nigeria.

“The African Development Bank, through the Africa Digital Financial Inclusion Facility (ADFI), is delighted to support this project, furthering our work to improve the quality of life for people in Africa and contribute to the Sustainable Development Goals to help reduce poverty and inequality, particularly relating to gender,” said Stefan Nalletamby, Director of the Financial Sector Development Department at the African Development Bank Group.

“This grant funding will be used not only to broaden women’s access to finance in Nigeria, but also to provide an avenue for their increased economic empowerment.”

“This project was selected from nearly 340 proposals sent in response to ADFI’s call to support financial inclusion in Africa using digital technology.

“ADFI was looking for innovative thinking that is intentional in addressing the persistent financial inclusion gender gap on the continent.

“Despite being the backbone of their families and communities, women in Africa remain the most excluded in the world from the finance sector and the mechanisms it offers to help build economic resilience. Through this project YDFS is poised to help bridge the gap in Nigeria” says Sheila Okiro, ADFI Coordinator.

“We are committed to ensuring that every Nigerian can seamlessly access financial services for their personal and business needs. To achieve this, we constantly seek partnerships to support the financial inclusion strategy of the Federal Government and the Central Bank of Nigeria.

“We are truly excited about this partnership with AFDB and the possibilities for advancing financial inclusion in Nigeria, particularly for the traditionally excluded segment of women in Northern Nigeria,” said Usoro Usoro, Chief Executive Officer, Y’ello Digital Financial Services.

 

 


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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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Airtel Africa Foundation Launches 100 Tech Scholarships for Nigerian Undergraduates

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Following the recent announcement by its Chairman, Dr. Segun Ogunsanya, at a World Press Conference held in Lagos recently, the Airtel Africa Foundation, through Airtel Nigeria, has kicked off its Undergraduate Tech Scholarship Programme to benefit 100 Nigerian undergraduates.

This initiative will provide each recipient with a grant covering tuition, accommodation, study materials, and a stipend from the first year of study through the final year. This financial aid removes economic barriers, empowering students to dedicate their focus to academic and technical achievement in technology.

Eligible courses of study include Computer Science, Information Technology, Data Science, Software Engineering, Cybersecurity, Artificial Intelligence, and other ICT-related disciplines.

Commenting on the initiative, Dr. Ogunsanya affirmed that the scholarships represent the Foundation’s continued commitment to breaking down barriers for young Africans.

“At Airtel Africa Foundation, our vision has always been to create opportunities where talent meets ambition. With this scholarship, we are investing in Nigeria’s future tech leaders, giving them the resources and confidence to thrive in an increasingly digital world,” he stated.

Beneficiaries are selected from 100-level students enrolled in approved programmes in participating public universities across the country. These institutions include the University of Lagos (UNILAG), the University of Nigeria, Nsukka (UNN), Ahmadu Bello University (ABU), the University of Benin (UNIBEN), Obafemi Awolowo University (OAU), the University of Ilorin (UNILORIN), and Tai Solarin University of Education (TASUED).

Airtel Nigeria CEO, Dinesh Balsingh, noted: “The prioritization of education as a pillar of our social investments becomes much stronger with these 100 new scholarships. They build on such other initiatives as our partnership with UNICEF on the Reimagine Education Programme, our Adopt-A-School project, and our 1 billion naira investment in the Three Million Technical Talent (3MTT) effort of the Federal Government. Ultimately, for us as an organisation, the best way to equip the future is to arm it with cutting-edge education.”

The undergraduate scholarship is a direct component of the Foundation’s four strategic pillars of Financial Inclusion, Education, Environmental Protection, and Digital Inclusion (FEED).

 


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NCC’s Maida Calls for Unified Action to Accelerate Broadband and Safeguard Telecom Infrastructure

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L-R: Director, Critical National Assets and Infrastructure Protection, Office of the National Security Advisers (ONSA), Enebong Effiom; Executive Governor, Katsina State, Dikko Radda and Executive Vice Chairman/Chief Executive Officer, Nigerian Communications Commission (NCC), Dr. Aminu Maida, during a business roundtable on broadband investment and critical national infrastructure protection hosted by the Commission in Abuja on Wednesday (October 8, 2025).
L-R: Director, Critical National Assets and Infrastructure Protection, Office of the National Security Advisers (ONSA), Enebong Effiom; Executive Governor, Katsina State, Dikko Radda and Executive Vice Chairman/Chief Executive Officer, Nigerian Communications Commission (NCC), Dr. Aminu Maida, during a business roundtable on broadband investment and critical national infrastructure protection hosted by the Commission in Abuja on Wednesday (October 8, 2025).
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Dr. Aminu Maida, Executive Vice Chairman of the Nigerian Communications Commission (NCC), has called for urgent collaboration among Nigeria’s states and stakeholders to accelerate broadband connectivity and safeguard critical national infrastructure.

L-R: Director, Critical National Assets and Infrastructure Protection, Office of the National Security Advisers (ONSA), Enebong Effiom; Executive Governor, Katsina State, Dikko Radda and Executive Vice Chairman/Chief Executive Officer, Nigerian Communications Commission (NCC), Dr. Aminu Maida, during a business roundtable on broadband investment and critical national infrastructure protection hosted by the Commission in Abuja on Wednesday (October 8, 2025).

L-R: Director, Critical National Assets and Infrastructure Protection, Office of the National Security Advisers (ONSA), Enebong Effiom; Executive Governor, Katsina State, Dikko Radda and Executive Vice Chairman/Chief Executive Officer, Nigerian Communications Commission (NCC), Dr. Aminu Maida, during a business roundtable on broadband investment and critical national infrastructure protection hosted by the Commission in Abuja on Wednesday (October 8, 2025).

Speaking at a business roundtable held at the NCC Digital Economy Complex on Wednesday, October 8, 2025, the EVC emphasized broadband as a national imperative for economic growth, security, and digital inclusion under the theme, “Right of Way and Protection of Broadband Infrastructure – The Road to Success in Broadband Investment and Connectivity.”

Dr. Maida began his remarks by underscoring the invaluable role of connectivity across industries, citing examples from Enugu’s industrial sector to security services relying on real-time data. “When connectivity fails, opportunities evaporate, productivity stalls—and in critical situations, lives can be put at risk,” he said.

He stressed that broadband today transcends faster downloads or video calls; it is the bedrock of economic inclusion and national resilience.

According to the EVC, Nigeria’s broadband penetration stood at approximately 48.81 percent as of August 2025, with over 140 million Nigerians online. Highlighting the sector’s contribution to GDP, he cited research indicating a 10 percent broadband increase could boost GDP by 1.38 percent in developing countries.

Expanding broadband access, Dr. Maida said, would multiply economic opportunities, enabling new jobs, services, and innovation hubs across Nigeria’s states.

He referenced Rwanda and India’s success stories, where coordinated investments in fiber infrastructure and digital governance transformed their economies into emerging digital powerhouses.

The EVC lauded the leadership of President Bola Ahmed Tinubu and Communications Minister Dr. Bosun Tijani for pursuing the National Broadband Plan (2020–2025) with ambitious targets of 70 percent broadband penetration and deployment of 90,000 kilometres of fiber backbone by year-end.

To this end, the NCC has translated these goals into strategic actions despite operational challenges.

Among the NCC’s key initiatives, Dr. Maida highlighted the Critical National Information Infrastructure (CNII) Presidential Order signed in June 2024, which empowers law enforcement agencies to combat vandalism, theft, and denial of service attacks on telecom infrastructure.

The Commission, working closely with the Office of the National Security Adviser (ONSA), has operationalized this order through a Telecommunications Industry Working Group focused on site security, maintenance, and access control.

Complemented by public awareness campaigns and collaboration with judicial and security institutions, this effort has led to the dismantling of major vandalism cartels over the past two years.

Addressing the historic challenge of high Right of Way (RoW) fees—levied variably by states and often hindering fiber rollout—the EVC disclosed successes in advocacy resulting in five additional states (Adamawa, Bauchi, Enugu, Benue, and Zamfara) waiving these fees, bringing the total to eleven states without RoW charges.

Seventeen other states have capped fees at the Nigerian Governors Forum benchmark of N145 per linear meter. Dr. Maida underscored ongoing efforts to achieve uniform, predictable RoW regimes nationwide, coupled with “dig-once” coordination with public works to share ducts and plans, cutting fiber damage and civil works costs.

The NCC further strengthened investor confidence by approving cost-reflective and competitive tariff rates earlier this year, prompting operators’ collective commitment of over $1 billion in broadband rollout investments across Nigeria.

To enhance market openness, the Commission has commissioned a wholesale fiber study to facilitate backbone sharing between owners and Internet Service Providers, unlocking last-mile expansion and faster backhaul.

On transparency, the Commission expanded performance disclosures, including outage reporting, quality of service dashboards, and compliance metrics to drive accountability.

Despite these achievements, the EVC highlighted continuing challenges: from January to August 2025, Nigeria recorded 19,384 fiber cut incidents, 3,241 equipment thefts, and over 19,000 cases of denied access to telecom sites, causing prolonged outages and increased security costs.

Further obstacles include fragmented and unpredictable RoW regimes, weak coordination with road authorities, energy supply volatility, multiple taxation, and bureaucratic permitting processes.

Dr. Maida warned of the urgency, citing the accelerating global digital race driven by artificial intelligence and outsourcing movements favoring low-cost, high-connectivity environments. “If our broadband backbone is weak, our youth will be marginalized, and our economy will likely not achieve its full potential,” he said, underscoring that communities without digital connectivity today are essentially invisible.

The EVC urged governors and state authorities to partner in enforcing telecom infrastructure as critical assets; adopt 100 percent RoW waivers or at minimum NGF benchmarks with clear timelines; institutionalize coordination between public works and operators; embrace transparency in fees and processes; establish state digital infrastructure funds to attract private fiber investment; and support energy resilience through hybrid and solar power at telecom sites.

Looking ahead, Dr. Maida announced two major NCC initiatives to be launched the next day: an Ease of Doing Business Portal offering a one-stop-shop for all 36 states and the Federal Capital Territory, and the Nigeria Digital Connectivity Index (NDCI), a framework to annually measure and publish states’ digital readiness and competitiveness to enhance accountability and drive improvements.

He concluded with a powerful call to action: “The digital revolution does not wait. Let us align, invest, and protect, for the prosperity of our people and the future of our nation.” He left the audience with one final question, “Will we align—or be left behind?”

This roundtable marks a pivotal moment in Nigeria’s journey toward a digitally inclusive and economically robust future, positioning broadband connectivity and its protection as strategic national imperatives.


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Google Empowers African Students with Free AI Tools for a Year

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Google today announced a major initiative to support higher education across Africa by offering its premium AI subscription, Google AI Pro for free to university students for 12 months.

The offer is available to eligible students aged 18+ in Nigeria, Kenya, Ghana, Rwanda, South Africa, and Zimbabwe, providing them with access to Google’s most advanced AI tools to enhance their learning, research, and creative work.

Through Google’s most capable model, Gemini 2.5 Pro, this initiative will equip the next generation of African leaders, innovators, and creators with fundamental AI literacy. By placing powerful generative AI tools directly in the hands of students, Google is helping to prepare them for a workforce where AI proficiency is increasingly essential.

“We are seeing a new wave of innovation in Africa, driven by the energy and ingenuity of our young people,” said Alex Okosi, Managing Director for Google in Sub-Saharan Africa. “By providing students with access to our most advanced AI tools, we want to empower them to not only excel in their studies but also to become critical builders and shapers of the future. This offer is about democratizing access to technology and giving African students the skills to compete and lead on a global stage.”

The Google AI Pro plan provides a comprehensive suite of tools designed for the demands of academic and creative life:

  • Supercharged Learning and Research:  With new features like Guided Learning to help students with in-depth research, summarizing academic papers, debugging code, and step-by-step guidance on complex problems.

  •  Time-Saving Efficiency: Use Deep Research to generate comprehensive, cited reports from hundreds of web sources in minutes, transforming how students approach long-form assignments and dissertations.

  • Enhanced Organization and Creativity: Leverage NotebookLM to organize notes and connect ideas and use Veo 3 to instantly transform text prompts or images into short, high-quality videos for presentations and projects.

  • Massive Storage: Receive 2 TB of cloud storage across Google Drive, Gmail, and Photos, ensuring ample space for coursework, research data, and creative portfolios.

How to Sign Up

University students in eligible higher education institutions and countries can verify their status and activate the 12-month free plan by visiting gemini.google/students. The process is designed to be simple, requiring students to verify their status through various methods and to add or confirm a form of payment (without incurring any charges). The offer will be available for redemption for 60 days, from October 7, 2025, to December 9, 2025.

This student offer builds on Google’s long-standing commitment to Africa’s digital transformation through programs like the Google for Startups Accelerator Africa and the Digital Skills for Africa initiative, which have helped millions of people and businesses grow.


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