Telecom
Bolt Accelerator Program completes post-mentorship exercise for its top 10 winners

Bolt, Africa’s leading ride-hailing platform, has concluded the last and final phase of its Bolt Accelerator Program – an initiative in collaboration with The Nest Innovation Park to empower its driver community to redefine their roles as entrepreneurs and amplify economic growth prospects across Nigeria.

The post mentorship graduation ceremony was held virtually on January 19, 2024 to send forth the top 10 winners.
Launched on September 19, 2023, the Bolt Accelerator Program has empowered drivers beyond conventional ride-hailing services and contributed to the economic growth of drivers in Nigeria.
The initiative witnessed a myriad of applications from drivers in diverse states in Nigeria, their brilliant ideas were meticulously scrutinised, and appraised, and ultimately the top 10 innovative business ideas emerged as winners, each receiving a seed fund of 2000 euros but proceeding to start a 6-week mentorship phase of the Bolt Den to mark a significant milestone celebrated during the virtual closing ceremony.
The initiative is in line with Bolt’s goal to contribute towards the development of Nigeria’s economic growth whilst keeping Bolt’s African City Vision project, which encourages the adoption of shared mobility in the ongoing development of wider transport ecosystems.
Recent analysis from Oliver Wyman Mobility Forum and Bolt highlighted that the African shared mobility market is the world’s fastest growing and is set to double to $8bn by 2030, creating more than 550,000 additional earnings opportunities while bringing significant economic and social benefits.
Speaking on the importance of the mentorship exercise, Bolt’s Senior Public Policy Manager WA & NA & CA, Weyinmi Aghadiuno, reiterated that the mentorship exercise is important to help nurture the winners and prepare them for the real-life tasks ahead.
“The program’s legacy will persist through follow-ups, meticulous record-keeping, and ongoing growth initiatives even in other countries, fortifying Bolt’s commitment to fostering innovation, empowerment, and increased mobility in Africa.
“The journey is not over; it is just starting, and we would love to be able to refer to the growth of these businesses five years down the line,” Weyinmi said.
One of the participants, Arinze Emmanuel a driver from Abuja whose idea aimed to tackle security issues focused on car theft by developing a website to monitor cars and disseminate information swiftly said, “I thank Bolt for this initiative, the mentorship phase has really equipped me to address the challenges my business idea aims to tackle.”
Another participant, David Uviowho, a driver from Port-Harcourt with the business solution to ensure efficient deliveries with the use of bikes for urban logistics said, “The program has been worth every single moment invested, and I am now operational thanks to the impact of it.
I will make Bolt proud.” He attributed his growth to the program’s educational value which he said significantly contributed to the realisation of his business idea.
Jennifer Modinatu, the only female Bolt driver among the top 10, whose zeal to encourage women driving to earn for themselves developed the car-for-hire business to encourage female inclusion in the ride-hailing ecosystem.
She encouraged women, urging them to engage more actively in initiatives such as the Bolt Accelerator Program introduced by Bolt.
Temitope Stephen, winner of the Oliver Wyman Mentorship, a driver from Lagos state with the ecofriendly business idea of converting petrol vehicles to compressed natural gas has kickstarted his private mentorship sessions with the Oliver Wyman team under seasoned professional as he commences operation of Raindom Energy Services Ltd.
The top 10 participants radiated enthusiasm, basking in the joy of the positive turnaround in their lives as they reintroduced themselves as owners of CAC-registered companies, sharing insights and heartfelt moments from the transformative journey in the Bolt Accelerator Program.
Bolt and The Nest stand united in propelling African entrepreneurs toward a future of innovation and economic growth.
Telecom
NCC, Enugu Sign Deal to Operate Digital Industrial Park, Learning Centre

Nigerian Communications Commission (NCC) and the Enugu State Government have signed an agreement for the operational lease of the NCC Digital Industrial Park and NCC Learning Centre in Enugu.

The agreement was witnessed by Dr Aminu Maida, Executive Vice Chairman and Chief Executive Officer of the NCC, alongside members of the Commission’s Board and Management.
The development is expected to strengthen digital innovation, skills development and technology-driven opportunities in the state.
As part of the engagement, the NCC delegation also visited the Enugu Smart School Initiative, where technology is being integrated into teaching and learning.
The initiative is aimed at equipping young Nigerians with relevant digital skills and preparing them for future opportunities in an increasingly technology-driven economy.
The NCC said it remained committed to supporting initiatives that expand digital inclusion, strengthen innovation and develop the talent required to drive Nigeria’s digital transformation.
The Commission said partnerships with state governments and other stakeholders were critical to creating an enabling environment for digital skills development and technology adoption across the country.
Telecom
NCC Asks Telcos to Make Budgetary Provisions for Cybersecurity

Nigerian Communications Commission (NCC) has directed telecommunications operators to make dedicated budgetary provisions for cybersecurity as part of efforts to strengthen the resilience of Nigeria’s communications infrastructure against the growing wave of cyber threats.

The directive forms part of the Commission’s Cyber Resilience Framework for the Nigerian Communications Sector (CRF-NCS), which introduces new governance, risk management and operational requirements aimed at safeguarding the country’s critical telecommunications infrastructure from increasingly sophisticated cyberattacks.
Under the framework, all licensed telecom operators are expected to establish formal cybersecurity governance structures, dedicate adequate financial resources to cyber resilience programmes, and integrate cybersecurity into their enterprise-wide risk management processes.
The Commission said operators must ensure cybersecurity investments are no longer treated as optional operational expenses but as strategic business priorities necessary to protect network infrastructure, customer information and the country’s digital economy.
According to the NCC, licensees are expected to allocate sufficient budgets to support cyber risk assessments, security technologies, staff training, incident response capabilities, continuous monitoring and compliance with regulatory requirements.
The framework also requires operators to designate senior executives responsible for cybersecurity oversight.
At the same time, boards of directors are expected to provide strategic direction and ensure adequate funding for cyber resilience initiatives.
Speaking on the need for a stronger cybersecurity regime during the unveiling of the framework, Abraham Oshadami, executive commissioner, Technical Services, NCC, said, “Given the increasing digitalisation of services, the rapid growth of data exchange, and the sophisticated nature of modern cyber threats, the need for a robust, adaptive and inclusive cybersecurity framework has become more urgent.”
He added, “Both state and non-state actors are targeting essential sectors—including ours—through coordinated cyber and physical attacks. These attacks frequently target control systems and data integrity, underscoring the critical risks posed to operational technology (OT), especially in our sector.”
“As cyber threats evolve, they endanger not only system performance but also human safety, amplifying the severity and consequences of disruptions to vital communications infrastructure. Cybersecurity now encompasses human safety and must address the real risk to people’s lives when a system is attacked or compromised.”
The Commission further stated that operators are required to develop comprehensive cybersecurity implementation plans, conduct periodic risk assessments, establish business continuity and disaster recovery procedures, and regularly test their cyber defence capabilities.
In addition, the framework makes cyber incident reporting compulsory. Licensees must inform the NCC’s CSIRT of any major cybersecurity breach within four hours of discovery, and provide a thorough post-incident analysis after mitigation is complete.
Telecom
Glo Leads Internet Growth Figures in Nigeria for May

Digital solution provider, Globacom has recorded the highest Internet subscriber growth among Nigeria’s major telecom companies for the month of May.

Data from the Nigerian Communications Commission, NCC, Nigeria’s total Internet users increased to 157 million in May, up from 154.3 million in April. That is a growth of 2.67 million users in one month.
Globacom led the market by adding about 1.2 million new Internet subscribers. This means Glo was responsible for almost half of all new Internet users in May.
The company’s subscriber base grew from 15.5 million in April to 16.8 million in May. Airtel came second with 1.07 million new users, moving from 54.8 million to 55.8 million. MTN added 382,894 users to reach 83.5 million.
T2 Mobile, formerly 9mobile, recorded no growth for the second month in a row. Its subscriber base remained at 802,534. This is despite its roaming agreement with MTN, which was approved almost a year ago to help T2 customers use MTN’s network in areas with poor coverage.
Industry experts say Glo’s strong growth is due to its ongoing network upgrade. Since last year, the company has been building new base stations, expanding its fibre network, and adding thousands of new 4G sites across cities and rural areas.
The upgrades have improved voice and data quality for customers, while Globacom remain committed to providing better network experience and affordable Internet services to more Nigerians.
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