General News
Backbone Capacity will Boost Internet Access—Anudu
Charles Anudu, managing director, Swift Networks, has passion for the technological advancement of the country. This he has demonstrated in moving Swift Network from intermediate internet service provider to a major one in delivering broadband services.
Anudu is trained in agronomy, electronics and business. He spoke to chike onwuegbuchi on some of his company’s new initiative to extend broadband internet service to more Internet users.
Hotspot Initiative
Hotspot was launched to further distribute our services to the segment of the market many people have not tried to address. There are lots of people who for one reason or the other, are not able to connect to internet services either because they are on transit, new in town, or do not know the service provider to choose, such people can access internet in the Hotspots. The idea is to provide where one can have access to a very high speed internet in a clean and easy to find environment.
At Swift, we have enough bandwidth to serve as many customers as possible, but the question is how to get the service across to the people. The essence of the hotspot initiative is to find locations where people naturally visit, places like fast food outlets, entertainment centres, malls, markets, country clubs and social clubs. We install the hotspot in those areas so that natural patrons of these areas would have access to the internet thereby making real connectivity ubiquitous in areas where we operate.
Response to the Initiative
Fantastic, it shows there is a gap. A lot of people love it, the experience has been positive; it also serves as a very good interface to interact with our customers and to learn more about different segments of the market which we never knew much about.
Extending Services to Eateries and Public Places
The service is not exclusively Tetrazzini. Silverbird is also running the service and a few other centres are coming up shortly. We are also launching the service across many cyber cafes but why we started essentially with Tetrazzini was because, we wanted a franchise we could use to prototype the business model, study the business module to see people’s response in order to fine-tune it and Tetrazzini was kind enough to partner with us in that area. We are rapidly expanding to other outlets, you can find it on all the floors of Silverbird Galleria and we are also extending it to as many spots as possible.
Empowering Cyber cafes with Broadband
We are bringing three specific values to them. The hotspot project runs on our fibre or microwave infrastructure, it does not run on our last mile service. It is not that the last mile service is not good, but it is intended for small business users few computers. The cyber cafes and all the hotspots run on our fibre optic infrastructure, which means that theoretically they can get any speed they desire.
We give them speed; we are committed to giving each of them a minimum of 1Megabyte of internet access. We are bringing to them adequate equipment as well as our corporate advertising because periodically we are going to advertise in the media, letting people know areas that have distinguished internet services so that people would know that these cyber cafes have actually differentiated themselves through very high quality service.
We are also bringing management system to them in order to ensure revenue assurance and accountability.
Combining Wimax and Wifi Technologies
At Swift we use so many technologies. We have fibre optic infrastructure, microwave network and last mile. Of course, you will find out that we deliver to cyber cafes or hotspot locations using either microwave or fibre infrastructure. We use Wifi to rebroadcast the service so that the back haul going into the hotspot locations is going to be fibre, if it is near our fibre route. We use microwave so that we can pump in as much capacity of bandwidth as they can ever consume at that location.
Launching Voice Service Commercially
Our vision is to be the leading converged services provider, giving internet and voice plus any other value added service we can. Our strategy is ultimately convergence.
We re-evaluate our journey at each point. A lot of people are already offering voice services to people and we feel at this point in time that the easiest way we can differentiate ourselves is to go to the area where our strength is visible and that is in the area of data.
Video Service for Traffic Monitoring
The service is still there, but it is meant only for our subscribers at this point. We wanted to go public but constraint by capacity issues. We need a reasonable extra capacity to deliver the service to consumers otherwise the quality of service of our Internet will suffer. In order to prevent this, we are holding back on that service because if we launched it, it is likely that it would not run efficiently and it is may affect the experience our current customers have.
Extending Operations to other Parts of the Country
I know a lot of people have found our Lagos centric strategy very confusing. Strategy is about how you see the world and how you define the world. When we started Swift Network was more like entering field operations, we needed to learn, get a few things right, develop manpower because we found out that before now the expertise we had in this country has been in the area of voice, so we needed to develop our human resource, and understand how to enter the market with data services. I am happy to announce that we are confident to say we fully understand the business, we have prototyped it and very soon you will hear of our intention to step outside Lagos.
Intended Locations
We are going to Abuja and Port Harcourt and I know a lot of people would want to ask why? Our reason for this is strategic because Abuja would eventually serve as our centre for northern expansion. Whereas Port Harcourt would be the centre for South –Eastern and South-South expansion, and from Lagos, we would move in the direction of the south west. We are setting up three centres from where we would expand. We are definitely going to Abuja and Port Harcourt and NCC has been kind enough to grant us licenses for these locations.
Competition in the Market
It is just a case of where the market is and the market is never homogenous. All customers are not the same, what we are experiencing is a case of people splitting into different segment of the market where they belong. Eventually it will still be a mixture of all sorts; some people would continue to use Vsat because that is what suits them. Of course, somebody in his village is expected to use Vsat probably because there is no other service available and as you can see Vsat is uniquely positioned for that particular service. If you are doing basic internet, most of the basic CDMA and GSM internet services can do but if you are a bank and you need to interconnect your branches involving lots of data, you will find out that the GSM or the CDMA platform may not be able to support the kind of platform or software you are using. So, people are sorting themselves out by going to where they can be better served. Again, the market is still young and there is significant confusion in the market at the moment. Telecom operators are addressing a different segment that was not touched by anybody because you and I never used Vsat in our small businesses so there is a typical role for such services.
You do not expect a company like Chevron or Mobil to log data from the Niger delta to the United States using the CDMA card neither do you expect First Bank for instance to interconnect their branches using CDMA or GSM technology. Some technologies may be able to address more than one segment but there will be a place for everybody in the market.
Alternative Sea Cable and Reduction in the Cost of Internet Services
I think one thing you can expect is that as the supply site improves, both the backbone side and in the last mile segment, prices would drop because the cost for the operator is also expected to drop significantly. What we are seeing at the moment is basically little or no fibre capacity into Nigeria because Sat-3 of Nitel is very epileptic. Sat-3 was down in the whole of January and February and has gone down since late March, so virtually that option has not been a viable one. Most of us rely on a secondary fibre capacity which is Vsat and a lot of satellite operators do not have good footprints in West Africa because it is not usually the choice location to seek traffic.
I think it will be a major lifeline for most operators, if any of these cables or satellite initiative comes on stream. A major aspect of our cost is in the area of backbone capacity; almost one in every N2 we charge goes to the backbone service operators because of unreliable service. At Swift, we use three backbone service providers instead of one. You find out that instead of paying for one backbone service, you are paying for three where one could have been okay coupled with other challenge we face, which are major reasons the service is expensive and will remain expensive until some of these backbone initiatives are put in place.
Sharing or Leasing Infrastructure
In telecoms, everybody does business with everybody. A lot of people use our fibre infrastructure when they come to Lagos and we use a lot of other people’s infrastructure. Many of the base stations we use now are not entirely ours we collocate with other service providers.
People who were arrogant and would not consider sharing their infrastructure are considering this kind of posture and I think, that is for the good of the industry. For us, we have been very open right from day one in sharing with anybody who would like to share with us because it makes everyone of us more competitive in surviving hard times.
Vision for Swift Network
The vision is to build Swift into Nigeria’s leading converged broadband services provider. We would do this by dedicating all our resources, energies and talents towards ensuring that our subscribers do not feel any difference in experience whether they are in London, New York or Lagos. People do business with us not because we are their friends or we are Nigerians but because Swift is a very competitive company. To build value into our stakeholders, be it our staff, our communities, the government, our suppliers and all the people to whom we render services know that we are differentiated and distinguished in our constituency. Definitely, our vision is very clear, we are playing in the broadband space and we are not going to do anything narrow brand.
General News
Akara Business Can Pay More than Bank Jobs – Governor Aide

Ossai Ovie Success, special assistant on Media to the Governor of Delta State, has defended First Lady Senator Oluremi Tinubu over the backlash trailing her recent advice encouraging Nigerians to embrace small-scale businesses.

Ossai Ovie Success, special assistant on Media to the Governor of Delta State
The controversy followed a viral video in which the First Lady urged unemployed Nigerians, particularly women, to consider starting businesses such as frying akara, roasting corn and producing kuli-kuli, noting that such ventures require little start-up capital.
Her remarks sparked widespread criticism on social media, with many Nigerians arguing that government officials should focus on creating jobs rather than encouraging citizens to take up petty trading.
Reacting to the criticism in a post shared on his official Facebook page on Sunday, Ossai said he was surprised that many people looked down on the akara business, insisting it can generate more income than some white-collar jobs.
According to him, an akara seller operating in a strategic location can earn substantial profits with just a few hours of work daily.
“Akara business is better than a bank job sometimes. If you fry akara in a good location, after all costs, you make N20 per akara and sell 500 pieces every day,” he wrote.
Ossai estimated that such a business could generate about N10,000 daily, translating to approximately N60,000 weekly and N240,000 monthly, while noting that some operators earn well above N1 million every month.
“How much again is a bank job? Ask yourself,” he said.
The Delta governor’s aide also argued that the business is not as demanding as many people assume, saying it typically requires only a few hours of work each day.
“Before I forget, know that akara business is not a 6-to-6 job. It’s about three hours daily.
“I am disappointed in those looking down on akara business,” he added.
The remarks add to the growing debate sparked by the First Lady’s comments, with supporters describing entrepreneurship as a practical means of livelihood, while critics argue that the government should prioritise policies that create sustainable employment opportunities for Nigerians.
General News
EVC NCC, Aminu Maida, to Lead Speakers @ Business Journal Fintech & Financial Inclusion Roundtable 2026

Dr. Aminu Maida, Executive Vice-Chairman/CEO, Nigerian Communications Commission (NCC) would be the Special Guest of Honour at the 3rd Business Journal Fintech & Financial Inclusion Roundtable 2026 scheduled for Friday, July 31, 2026 at Oriental Hotel, Lekki Road, Victoria Island, Lagos.

The theme of the Roundtable is: Fintech: Driving the Future of Digital Financial Ecosystem in Nigeria.
Dr. Aminu Maida was appointed the Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC) by President Bola Tinubu on Wednesday, October 11, 2023.
Maida holds an MEng in Information Systems Engineering from Imperial College, London in 2002 and in 2006, he bagged a PhD in Electrical & Electronic Engineering from the University of Bath, United Kingdom.
Between 2018 and 2019, Maida completed a Post Graduate Diploma in Entrepreneurship (FinTech Pathway) program at the Cambridge Judge Business School, University of Cambridge, United Kingdom.
Until his appointment by the President, Dr. Maida was the Executive Director, Technology and operations at Nigeria Inter-Bank Settlement System Plc (NIBSS), the country’s central switch company owned by the Central Bank of Nigeria (CBN) and all licensed Deposit Money Banks (DMBs) in Nigeria.
At NIBSS, Maida was responsible for holistically spearheading the technical and operational standardisation of all devices deployed in the financial system in Nigeria for interoperability.
Maida led a dynamic team that ensured that all terminals used in the e-payment industry and all devices deployed in Nigeria would accept all cards issued by banks and other licensed card schemes without discrimination.
Prior to his appointment at NIBSS, Maida was the Chief Technical Officer (CTO) at the Nigerian-based FinTech Arca Payments Network and Senior Manager at Cisco Systems, United Kingdom.
As a seasoned technical professional with over 15 years of multi-functional and international experience in FinTech & Telecoms & Enterprise Technology, Maida between 2010 and 2014, worked as a Network Design Consultant at EE, part of BT Group, and one of the largest mobile communications companies in the UK.
He was also at some point (2006-2010) a System Engineer at Ubiquisys, a leading company in intelligent 3G and LTE small cells, which is now part of Cisco.
Maida, a professional par excellence, combines a broad range of experiences, making him technically strong and commercially sound.
Reacting, the Publisher/Editor-in-Chief of Business Journal Media Group, Prince Cookey said:
“Dr. Aminu Maida came to the NCC at a time Nigeria needed strategic repositioning of the digital economy landscape and telecom regulation in the country. He has positioned NCC as a leading voice in the digital space and telecom regulation in Africa and around the world.
Accordingly, stakeholders attending the 3rd Business Journal Fintech & Financial Inclusion Roundtable 2026 would be looking forward to a robust conversation on the State of the digital economy, fintech market and the numbers on financial inclusion today and tomorrow.”
Cookey added that Mr. Olusegun Omosehin, Commissioner for Insurance/CEO, National Insurance Commission (NAICOM) will also be on board as Special Guest of Honour while Alhaji (Dr.) Umaru Kwairanga, Group Chairman, Nigerian Exchange Group (NGX) will Chair the event.
Mr. Emmanuel Ovaga, Managing Director/CEO, PufferPay Limited will deliver the keynote paper at the Roundtable while Mrs. Ekeoma Ezeibe, President/Chairman of Council of NCRIB is Guest of Honour.
Distinguished members of the Panel include:
- Dr. Muda Yusuf, CEO, Centre for the Promotion of Private Enterprise (CPPE)
- Mrs. Idu Okeahialam, Group Managing Director/CEO, Royal Exchange Plc
- Mr. Jide Orimolade, Managing Director/CEO, Stanbic IBTC Insurance Limited
- Dr. Obioha Oti, President, Association of Mobile Money and Bank Agents in Nigeria (AMMBAN)
- Mr. Sarafadeen Fasasi, President, Association of Financial Inclusion Agents of Nigeria (AFIAN)
The revolutionary success story of Moniepoint, Opay, PalmPay, Flutterwave and others in the digital payment system in Nigeria represents a positive expansion of the financial services sector in the country.
With millions of Nigerians and businesses lacking access to basic financial services, the importance of Fintechs remain sacrosanct in achieving substantial level of Financial Inclusion and expanding the frontiers of the industry.
According to AI Overview, Fintechs in Nigeria have revolutionised the financial landscape by dramatically increasing access to banking services, driving, for example, a 20% increase in financial inclusion and helping to bring the banked population to roughly 63%. These firms have introduced faster, affordable digital payments, lending, and investment services, forcing traditional banks to adopt digital transformation.
On investment, AI Overview stated: “Fintechs in Nigeria dominate the tech landscape, securing 35% of total tech funding ($2 billion total) in 2024, with over 430 companies attracting roughly 36% of all African fintech investment. Despite global challenges, the sector remains highly resilient, driven by high demand, with significant deals including Moniepoint’s $110 million series C.”
The 3rd Business Journal Fintech & Financial Inclusion Roundtable 2026 aims to underscore the positive contribution of Fintechs in deepening Financial Inclusion, expanding access to financial services and contributing to economic growth in the country.
Expected participants at the Roundtable include regulators, operators from key sectors of the economy, media and members of the public.
General News
LASTMA Launches 3367 Toll-Free Hotline for Emergency Response, Traffic Management

(LASTMA) has launched a new toll-free short-code hotline, 3367, to improve emergency response, enhance traffic managemestrengthen accountability across Lagos State.

The new platform replaces the agency’s previous long-service code and provides a simpler and more accessible channel for residents to report traffic-related incidents. The service is available at no cost to subscribers on MTN, Glo and Etisalat (T2) networks.
Motorists and other road users can use the hotline to report vehicle breakdowns, road crashes, disabled trucks, stranded tankers, traffic obstructions and other emergencies requiring immediate intervention.
The platform also allows members of the public to report the conduct and professionalism of LASTMA personnel, a move aimed at promoting transparency and accountability within the agency.
To ensure wider accessibility, callers can communicate with hotline operators in English, Yoruba or Pidgin English, helping to eliminate language barriers and encourage greater public participation.
Speaking on the initiative, Mr. Olalekan Bakare-Oki, general manager, LASTMA, described the launch as a major milestone in the agency’s efforts to build a safer, more efficient and technology-driven traffic management system.
He said the hotline reflects LASTMA’s commitment to leveraging digital solutions to tackle transportation challenges while strengthening collaboration with residents.
According to Bakare-Oki, the 3367 hotline provides Lagos residents with a direct, convenient and free channel to report incidents requiring urgent attention, noting that the growing complexity of Lagos as a major African megacity demands a proactive and technology-enabled approach to traffic management.
He assured residents that all reports received through the platform would be handled professionally and confidentially before being forwarded to the appropriate operational units for prompt action
Bakare-Oki urged the public to make effective use of the hotline to support road safety, improve accountability and contribute to a more efficient and sustainable transportation system across the state.
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