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August 2017 Edition of CFA’s Startups Hangout Event Was an Eye Opener

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(L-r): Chinenye Mba-Uzoukwu, CEO InfoGraphics; Afolabi Abiodun, CEO SB Telecoms & Devices, his wife, Mrs. Abiodun, Speakers at the August 2017 CSH, and Chukwuemeka Fred Agbata Jnr (CFA), Presenter, Tech Trends on Channels Television and also the Convener of the CFA's Startups Hangout.
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The August 2017 edition of CFA’s Startups Hangout, held at Adna Hotel on Friday, August 18, 2017, turned out to be a very exciting, educative and knowledge transferring session, with the two guest speakers, Afolabi Abiodun, CEO, SB Telecoms & Devices and Chinenye Mba-Uzoukwu, CEO, InfoGraphics, discharging everything in their arsenal that they know can help the attendee Startups to run their businesses efficiently, successfully and also scale their businesses.

The hangout started with Afolabi Abiodun, telling his intriguing story of how he started running a thriving recharge card business and at the end of the day, ran into a debt of a whopping N26 million, fleeing to Ghana afterwards to cool his heels from the pursuing creditors.

He eventually returned to Nigeria to face the problem squarely, with a view to resolving it, thanks to the influence of his Grandmother, who was one of those that contributed, in no small measure, to the initial capital of his business, as well as supplied the collateral that he used in standing for the loan.

Some of the lessons learned by the Startups, from Afolabi’s story, include, having the “I can do” spirit in conducting the affairs of ones business, engaging the services of professionals in areas that one does not know anything about, need to have a working experience, especially in the line of business one intends to pursue or start.

Others include the fact that, your negotiations should not be only about you alone, but you need to consider the interest and point of view of the other parties too.

Some other lessons learned, are to take integrity very seriously, having the right attitude, trust, carrying your team members along, cutting costs as well as staying with your business problems and resolving them. “Don’t run away from your problems. Note that your creditors don’t want you to die!”, he emphasised.

Afolabi also stated that Startups that want to succeed shoud keep learning and keep developing themselves. He stated that, because of his inability to acquire adequate knowledge at the tertiary institution he attended, he had to enrol at EDC to learn how to run his business better, even though, he had to pay for it in installments.

Chinenye did not also disappointment the Startups. He stated that he was exposed to business very early and he joined her mother’s business as early as 12 years old, although, his father was a Lecturer in a University. His story also had it’s twists and turns.

He applied, in error, to read Veterinary Medicine at the University, but ended up graduating in Political Science. He stated that he had a hitch in his tertiary education because, he decided to stay out of school as he was not in concert with graduating as a Veterinary Doctor.

He was compelled by his father to apply for a job as the Assistant Librarian in the same University, which, to Chinenye, was an embarrassing decision to take, as he was an “happening guy” on campus. He, eventually applied to and completed his First degree at the University.

“Everyone makes his own mistakes and no matter how much we teach you on how not to commit the same mistakes, you will still make your own mistakes”, Chinenye emphasised.

Chinenye, however, advised the Startups that, after fumbling, tumbling and stumbling, making their own mistakes, they should learn from it, make amends and move on.

He stated that, not everybody is cut out to be an entrepreneur. He went further to give the two sets of entrepreneurs. the first set, he opined, are those that know where they are going and those who do not. For those who know where they are going, Chinenye stated that, they must have a plan and follow it through. For those who do not know where they are going, he stated that they must be very good and fast learners, so, they can quickly learn from their mistakes, make the necessary corrections an move on.

Startups were also advised to recognise those who can help them to achieve the objectives of their business and bring them on board. “You ca never be bigger than the people around you”, Chinenye noted. It was interesting to note from Chinenye, that his business ran aground four times and at some point, amassed a debt running into about N18 million! “Open your eyes and know what your business really is all about. Change it, if necessary. You cannot run a business when you don’t know what to do yourself”, he observed.

Chinenye also wanted the Startups to now that entrepreneurship has to be nurtured and they have to be patient with growing it. “What matters is not winning the race. What matters is crossing the Finish Line”, he stated.

Both Afolabi and Chinenye both ended by advising the Startups to identify their areas of strengths and weaknesses and concentrate on the line of business that they have the greatest strength.

At the end of the presentation, some of the Startups asked the guests some probing questions which were honestly answered by the guests. 

The August 2017 edition was sponsored by TAMS and Remita.

The two Startups that came the earliest were awarded gifts by one of the sponsors, TAMS, the Time Management platform

We also thank the Media Partners of the CFA’s Startups Hangout, Nigerian CommunicationsWeek, Guardian Tech and CFAtech.ng, Connectnigeria.com and ITPulse.com.ng for spreading the awareness of this unique opportunity for Startups to learn and grow.

Watch out on https://startups.cfatech.ng/ for details of the September 2017 edition of the CFA’s Startups Hangout which will be uploaded soon. It also promises to further enlighten our growing Startups on the path to achieving success and greatness.

 

 

 


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FG Approves Electric Buses for Civil Servants, Pushes Local Auto Growth

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Federal Government of Nigeria has approved the acquisition of electric buses for civil servants as part of efforts to promote cleaner transportation and boost local vehicle manufacturing.

FG Approves Electric Buses for Civil Servants, Pushes Local Auto Growth

The development was disclosed in Abuja by Joseph Osanipin, Director-General of the National Automotive Design and Development Council (NADDC). Osanipin said the buses would be sourced from local assemblers to strengthen domestic production and stimulate growth in Nigeria’s automotive sector.

He stated: “The initiative is aimed at encouraging the transition to cleaner mobility while creating opportunities for local manufacturers.” According to him, the government has also procured charging infrastructure that will be deployed across parts of the country to support the adoption of electric vehicles.

As part of broader efforts to develop the sector, the council is establishing the Nnewi Automotive Development Park in Anambra State. Osanipin explained: “We are developing the Nnewi Automotive Development Park where we will provide the necessary infrastructure so that users of the park can share facilities.”

He added that the shared infrastructure model would enable investors and manufacturers to operate without bearing the full cost of setting up independent facilities. The council is also seeking additional investment to accelerate the development of the park and attract more industry participants.

Osanipin urged Nigerians to support locally assembled vehicles, noting that increased patronage would help create jobs and drive economic growth. He said the council is providing training to manufacturers and stakeholders to enhance local production of vehicle components such as batteries and tyres.

“The move will reduce import dependence, create employment opportunities, and contribute to the country’s Gross Domestic Product,” he said. The NADDC is also working with the Bank of Industry Nigeria to facilitate the disbursement of the National Automotive Development Fund to qualified stakeholders.


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Jumia Reaffirms Commitment to Consumer Trust on World Consumer Rights Day

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As the global community commemorates World Consumer Rights Day, Jumia Nigeria joined industry leaders, regulators, and consumer advocates at the Lagos Marriott Hotel, Ikeja, for a high-level panel session hosted by the Lagos State Consumer Protection Agency (LASCOPA) on Tuesday, March 17, 2026.

Speaking during the session, Peters Afebuame, Group Head of Content and Production at Jumia, highlighted Jumia’s comprehensive approach to protecting consumers from counterfeit or adulterated products on its marketplace, noting that the company has implemented structured checks and technology-driven systems across the entire product lifecycle, from seller onboarding to post-listing monitoring, to safeguard product authenticity.

“Ensuring product authenticity on our platform requires a combination of technology, policy enforcement, and continuous seller engagement,” he stated.

“At Jumia Nigeria, we have implemented a multi-layered process that begins with rigorous seller onboarding and policy agreements, followed by catalogue configuration controls, AI-driven product attribute verification, and the use of global product identification standards. These systems are reinforced by ongoing quality moderation, brand protection mechanisms, and strict enforcement actions, including product and seller delisting, ensuring that customers can shop on our platform with confidence.”

Central to Jumia’s consumer protection framework is a rigorous seller verification process designed to ensure marketplace integrity. Vendors are required to provide proof of legal and regulatory compliance before gaining access to the platform. This vetting process is reinforced by a strict quality control system that monitors products listed on the platform, backed by a zero-tolerance policy toward counterfeit or substandard goods. Non-compliant sellers face penalties and permanent delisting from the marketplace.

Transparency also remains a core priority in helping customers make informed purchasing decisions. Product listings across the platform feature clear specifications, verified descriptions, and detailed images, enabling shoppers to understand exactly what they are purchasing before completing a transaction.

Recognising that digital literacy plays a critical role in online safety, Jumia continues to invest in consumer education initiatives through instructional “how-to” videos, platform guides, and social media campaigns that equip Nigerian shoppers with practical knowledge to navigate online shopping securely and confidently.

To further strengthen transaction security, Jumia leverages its proprietary payment solution, JumiaPay, which provides a secure and encrypted payment infrastructure designed to protect customer financial data. The company also adheres to internationally recognised data protection standards such as the General Data Protection Regulation (GDPR) and local regulatory frameworks established by the Nigeria Data Protection Commission (NDPC), ensuring responsible handling and protection of user information.

Beyond the point of purchase, Jumia reinforces consumer protection through a customer-centric return and refund policy designed to ensure seamless resolution when issues arise. A dedicated customer service team also provides support through multiple channels, including phone and social media, enabling swift response to consumer inquiries and complaints.

As e-commerce continues to expand across Nigeria, Jumia reaffirmed its commitment to building a marketplace that prioritises fairness, transparency, and consumer safety. Through continuous investment in technology, strong policy enforcement, and ongoing consumer engagement, the company aims to strengthen trust and confidence in Nigeria’s growing digital commerce ecosystem.


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FG Determined to Protect Rights, Privacy Online- NITDA

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Federal government is determined to protect Nigerians’ rights and privacy in the digital space, according to Dr Ayodele Bakare, assistant director, Cybersecurity Department, National Information Technology Development Agency (NITDA),

FG Determined to Protect Rights, Privacy Online- NITDA

To achieve that, Bakare, said that the government has developed several policy and regulatory frameworks to strengthen cybersecurity.

Bakare, stated all these during an interview with the News Agency of Nigeria (NAN) in Abuja on Monday.

He said that cybersecurity governance in Nigeria was implemented through a collaborative approach involving multiple government institutions with different responsibilities.

According to him, the Office of the National Security Adviser (ONSA) provides overall coordination of national cybersecurity efforts through the National Cybersecurity Coordination Centre, which serves as its operational arm.

“At the national level, cybersecurity implementation is done collectively, and different government organisations are responsible for implementing different aspects of the national cybersecurity framework.

“At the top, however, the Office of the National Security Adviser coordinates these efforts through the National Cybersecurity Coordination Centre,” he said.

Bakare said that one of the key policy instruments guiding the country’s cybersecurity efforts was the National Cybersecurity Policy and Strategy Framework.

He also highlighted the legal framework provided by the Cybercrimes Prohibition and Prevention Act 2015, which was recently amended in 2024 to strengthen Nigeria’s response to cyber threats and digital crimes.

According to him, NITDA has also introduced sector-specific regulations to enhance cybersecurity in the country.

“One such regulation is the National Public Key Infrastructure Regulation, which is one of the core infrastructures required to ensure trust and security in digital communications and transactions,” he said.

Bakare said that NITDA played a pioneering role in Nigeria’s data protection landscape through the Nigeria Data Protection Regulation 2019, which laid the foundation for the current data protection framework.

He said the regulation had since evolved into a full legal framework implemented by the Nigeria Data Protection Commission.

Bakare disclosed that the agency was also finalising an Information Security Regulation that would soon be made available to the public.

He further explained that the regulation would provide organisations and individuals with clear guidelines on their responsibilities in safeguarding information and digital assets.

“Nigeria has continued to strengthen its legal and policy environment for cybersecurity, a development reflected in the country’s performance in the Global Cybersecurity Index.

“One of the pillars of the index focuses on legal measures and assesses the availability of national cybersecurity laws and regulations.

“Nigeria recorded a strong performance under the legal measures pillar, reflecting the country’s efforts to establish the necessary frameworks to support cybersecurity governance,” he told NAN.

He said that sustained collaboration among government agencies and stakeholders remained essential to effectively implement the existing policies and strengthen Nigeria’s digital security architecture.


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