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African Startups Need More Than Money, Industry Leaders Say @ABAN Congress

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L-R: Joanna Mustapha, Senior Business Correspondent, News Central TV; Oti Ilentamhen, CPA, Investment Principal, Alitheia Capital; Cecilia Akintomide, Chairperson, Ring Capital; Omotayo Ojutalayo, General Manager of Enterprise Business Development at MTN Nigeria and Fadilah Tchoumbah, CEO, Africa Business Angel Network (ABAN), after the panel discussion on Growth & Scale - Market Expansion & Co-Investment during the ABAN Conference held at the J. Randle Centre, Onikan, Lagos Island, Lagos, Nigeria on October 17, 2025.
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Investors and industry leaders at the African Business Angel Network (ABAN) Congress emphasised that African startups need more than just funding to succeed, with speakers calling for comprehensive support systems that address operational and regulatory challenges.

L-R: Joanna Mustapha, Senior Business Correspondent, News Central TV; Oti Ilentamhen, CPA, Investment Principal, Alitheia Capital; Cecilia Akintomide, Chairperson, Ring Capital; Omotayo Ojutalayo, General Manager of Enterprise Business Development at MTN Nigeria and Fadilah Tchoumbah, CEO, Africa Business Angel Network (ABAN), after the panel discussion on Growth & Scale – Market Expansion & Co-Investment during the ABAN Conference held at the J. Randle Centre, Onikan, Lagos Island, Lagos, Nigeria on October 17, 2025.

The two-day congress, held at the J. Randle Centre in Lagos, brought together over 6,000 investors from 37 countries to discuss strategies for increasing local capital participation in Africa’s innovation economy.

Omotayo Ojutalayo, General Manager of Enterprise Business Development at MTN Nigeria, highlighted a critical challenge facing the continent’s startup ecosystem during a panel on co-investment strategies. “I think when one of the speakers was presenting the lifecycle of the startups, we see that a number of them just drop off, and we don’t know what’s happening to them,” she said. “So it’s important that those soft skills are also invested into them.”

Ojutalayo explained that MTN’s recently launched Cloud Accelerator Program selected 20 startups from over 8,000 applicants for a 12-week program connecting them with experts in financial management, human resources, risk and compliance, and regulatory affairs. “So it’s not just about putting in the capital, which everybody just thinks about, but it’s about the other softer skills that startups need to have,” she added.

Ms. Akintomide warned entrepreneurs about the complexity of scaling across African markets, despite technological advances. “Technology has dissolved borders,” she noted, but cautioned that “some of the best business ideas have been sacrificed on the altar of regulation.” Her advice to startups was direct: “Don’t go in blindly, and don’t go in alone,” emphasising the importance of partnering with local players who understand market dynamics and regulatory landscapes.

Ojutalayo echoed concerns about startups limiting their ambition to single markets, stating: “You need to think across borders. There’s a market for it, so there’s a lot of market research and insights you need to get, so that we don’t become a local champion.”

The panel also explored collaborative investment models, with Mr. Oti Ileta-Mehi, CPA Investment Principal at Aletia, describing co-investment as a key de-risking strategy when entering unfamiliar markets. Speaking to Oti’s conversation Ojutalayo stressed the need for clear roles in investor partnerships: “When investors are coming together, you need to understand who has the expertise in these areas, and then we can collaborate together.”

With Africa’s venture funding reaching $4.5 billion in 2024 but only a small fraction originating from local investors, ABAN’s 10th anniversary congress underscored the urgent need for greater domestic capital participation and more strategic support systems for the continent’s growing startup ecosystem.


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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

Telecom

Court Strikes Out Suit against NCC over 50 Percent  Tariff Hike

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Federal High Court sitting in Abuja has struck out a high-profile lawsuit that sought to nullify the 50 percent telecommunications tariff hike approved  by the Nigerian Communications Commission (NCC) on January 1, 2025 .

Court Strikes Out Suit against NCC over 50 Percent  Tariff Hike

The ruling, delivered by Justice M.G. Umar, effectively shuts down a case that had threatened to force telecom operators including MTN Nigeria to reimburse subscribers with interest and pay N100 million in general damages.

The Court held that it lacked jurisdiction to entertain the suit due to a fundamental flaw on the part of the applicant.

The suit marked FHC/ABJ/CS/643/2025 – Barr. Obioma Ezenwobodo v. Nigerian Communications Commission & MTN Nigeria Communications Plc was originally filed on October 21, 2025, by the applicant.

In his Application for Judicial Review, Ezenwobodo, through Joseph Onu Silas, his counsel, sought three major reliefs against both the NCC (the industry regulator) and MTN Nigeria (the 2nd Respondent) – an order prohibiting and setting aside the NCC’s rule and regulation approving the 50 percent telecommunication tariff adjustment (popularly referred to as the tariff hike) issued on Monday, January 20, 2025; an order mandating the NCC and MTN Nigeria, their servants, agents, licensees, and staff to reimburse, return, and pay back with interest all deductions, tariffs, and charges made as a result of the said 50 percent tariff hike.

He also sought an order of N100 million as general damages against the respondents, citing untold hardship, economic deprivation, psychological distress, and pain suffered by the applicant due to the alleged illegal and arbitrary charges.

Counsel to MTN Nigeria Communications Plc, Ituah Imhanze and Divine Oguru of Kenna LP on November 24, 2025, opposed the applicant’s originating motion, and challenged the jurisdiction of the Federal High Court to hear the suit. In that motion, MTN urged the Court to dismiss or strike out the suit entirely in limine (at the outset).

The jurisdictional challenge was argued on January 26, 2026, with Divine Oguru Esq., Senior Counsel from Kenna LP, appearing for MTN Nigeria.

The applicant and the NCC were also represented by their respective counsel.

Delivering a well considered judgment, Justice M.G. Umar upheld the core arguments advanced by MTN Nigeria’s legal team.

The Court ruled decisively on the issue of locus standi – the legal right of the applicant to bring the case before the Court. Justice Umar found that Barrister Obioma Ezenwobodo had failed to demonstrate any special interest in the subject matter of the suit beyond that of the general public.

The Court noted that the 50 percent tariff hike applied to all telecom consumers, not uniquely or disproportionately to the applicant.

As such, the applicant’s grievance was a general grievance, not one showing a specific, personal, or greater injury than that suffered by any other Nigerian telecom subscriber.

Because the applicant lacked the requisite locus standi, the Court held that it had no jurisdiction to entertain the suit. Consequently, the matter was struck out.

On the issue of legal costs, the Court directed that parties bear their respective costs, meaning no award of damages or reimbursement was granted against MTN Nigeria or the NCC.

The ruling is a significant legal endorsement of NCC’s regulatory authority to approve tariff adjustments and confirms that MTN Nigeria and other operators in the telecommunications sector may continue to implement the 50 percent tariff hike without legal hindrance from challengers lacking direct personal standing.

Industry observers note that the judgment sets an important precedent: future challenges to industry-wide pricing policies must be brought by parties who can show a concrete, particularised injury distinct from that of the general consuming public.

 


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Despite Security Concerns, Reps Push for 18-Month Delay before Inactive Phone Numbers are Reassigned

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House of Representatives has asked the Nigerian Communications Commission (NCC) to extend the validity period for inactive phone numbers before they are reassigned to new users to 18 months.

Despite Security Concerns, Reps Push for 18-Month Delay before Inactive Phone Numbers are Reassigned

Recall that SIM card security concerns, prompted the NCC  launched the Telecoms Identity Risk Management System (TIRMS)  late March 2026 to curb fraud linked to SIM recycling.

This portal will allow regulators and banks to track reassigned numbers.

NCC regulations require 360 days of inactivity before a SIM can be recycled.

But the House of Representatives, said the proposed extension from the current timeline would enhance compliance with the Nigeria Data Protection Act, 2023.

The House resolution followed the adoption of a motion sponsored by the member representing Orhionmwon/Uhunmwode Federal Constituency of Edo State, Billy Osawaru.

Leading the debate on the motion, Mr Osawaru warned that the current practice of recycling dormant SIM cards without sufficient public notification exposes unsuspecting Nigerians to embarrassment, extortion and even wrongful criminal suspicion.

He said some reassigned numbers often remain tied to sensitive personal records, including bank verification numbers and national identity data, creating opportunities for misuse by new subscribers or criminal actors.

Adopting the motion, the House called on the NCC to ensure inactive SIM cards earmarked for reallocation are published in national newspapers during a six-month notice period and that details of such numbers be shared with security agencies to improve transparency and aid crime prevention.

The house noted that the move would help reduce risks associated with recycled phone numbers while improving accountability in the telecommunications sector.

Following adoption of the motion, the House mandated its Committees on Communications and Commerce to engage the NCC, the Nigeria Data Protection Commission (NDPC) and other stakeholders and report back within four weeks for further legislative action.

 

 

 


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ipNX Reaffirms Commitment to Nigeria’s Broadband Agenda

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L-R Engr. Sunday Abraham Oshadami, Executive Commissioner - Technical Services, Nigerian Communications Commission (NCC); Idris Olorunnimbe, Chairman, NCC; Ejovi Aror, Group Managing Director, ipNX Nigeria and Dr. Olusola Teniola, Director, Strategic Business Initiatives, ipNX Nigeria on a courtesy call to the Chairman of the NCC recently.
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In a significant step towards advancing Nigeria’s transformation agenda in technology, an executive delegation from ipNX Nigeria Limited, a leading Information and Communications Technology (ICT) company, paid a courtesy visit to the newly appointed Chairman of the Nigerian Communications Commission (NCC), Idris Olorunnimbe.

The visit was a solidarity engagement aimed at demonstrating support for the new Chairman’s leadership and reinforcing ipNX’s commitment to the Federal Government’s broadband agenda for the country. Discussions focused on strengthening collaboration between the private sector and the regulator to accelerate broadband penetration and drive inclusive digital growth across Nigeria.

Speaking during the visit, the Group Managing Director of ipNX Nigeria, Ejovi Aror, emphasized the importance of strong institutional leadership and policy alignment in advancing the nation’s ICT objectives.

“We are pleased to engage with the new Chairman of the NCC and show our support as he takes on this important role. Strong leadership and a clear policy direction are essential to unlocking the full potential of Nigeria’s digital economy.

“At ipNX, we remain committed to working closely with the Commission and other stakeholders to expand broadband access, enhance connectivity in educational institutions, and ultimately bridge the digital divide. This collaboration will empower millions of Nigerians and further position the country as a leader in Africa’s technological evolution,” he stated.

The Chairman of the Nigerian Communications Commission, Idris Olorunnimbe, expressed appreciation for the visit and the show of support from ipNX, reiterating the Commission’s commitment to fostering an enabling environment for private sector participation in achieving universal broadband access across Nigeria.

ipNX Nigeria remains at the forefront of delivering cutting-edge broadband and ICT solutions, and this engagement underscores its unwavering dedication to supporting national development through technology-driven initiatives.


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