Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Telecom

Brain Drain: NCC Tasks Telcos to Partner Academia to Groom Telecom Talents

Published

on

Kindly share this post

In an effort to bridge the skills gap and curb brain drain in the Nigerian telecom sector, the Nigerian Communications Commission (NCC) has tasked telcos with industry-academia collaboration.

Dr Aminu Maida, executive vice chairman of the commission, who made this call in Lagos as the keynote speaker, also urged telecom companies to adopt flexible work policies, better renumerations and foster a culture of innovation to create an environment that attract and retains talents.

Speaking at the Fifth Edition of the Telecom Sector Sustainability Forum (TSSF 5.0) organised by Business Remarks themed “Mitigating the Effects of Talent Exodus and its Impact on the Growth of Nigeria’s Telecommunications Industry”, Maida who was represented by the NCC Lagos Zonal Controller, Mr Tunji Jimoh said talent is the lifeblood of innovation and development, and the loss of skilled professionals is a major setback for our industry.

According to him, the global demand for tech talent has driven a good number of Nigeria’s brightest minds to pursue lucrative opportunities abroad, leaving vacuums in the industry skills gap that potentially can threaten the sustainability of the telecoms sector.

Quoting the report from the Association of Telecoms Companies of Nigeria (ATCON), Maida noted that over 500 software engineers and more than 2,000 trained telecom professionals left the country in 2022 alone. This trend, if left unchecked, could jeopardize the growth and sustainability of the industry.

Speaking on measures to mitigate brain drain and address talent exodus in the telecom sector, the EVC said, professionals, especially in the tech sector, seek environments where they feel valued, engaged, and given the freedom to explore new ideas. Offering remote work options, continuous learning opportunities, and collaborative spaces where creativity is encouraged will make the local telecom sector more appealing to professionals who might otherwise seek opportunities abroad.

He emphasized the need for telecom companies to continue to invest in the regular upskilling and reskilling initiatives for their existing workforce.

By offering employees opportunities for professional development, companies not only enhance their workforce’s competencies but also provide incentives for talent to stay, knowing they have a pathway to career advancement within their current organization, he said.

Furthermore, Maida called for the need to ensure a steady flow of skilled professionals. He tasked the telecom sector and companies to actively engage and partner with universities, technical schools, and training institutes to create tailored programs designed to equip graduates with industry-relevant skills.

According to him, this strategy will not only help fill the talent gap but also foster a pipeline of young, ambitious professionals eager to build their careers within Nigeria. Internships, apprenticeships, and industry-sponsored research projects can be a practical way for telecom operators to integrate students and recent graduates into the workforce, ensuring they have the competencies required to thrive in the sector.

The EVC Boss tasked telcos on Industry-wide mentorship programs, where seasoned professionals can guide younger talent. Maida noted this would be an effective way to encourage the transfer of skills and knowledge.

Additionally, telecom companies can collaborate on initiatives like tech hubs, start-up incubators, and innovation challenges to not only cultivate local talent but also to provide platforms for professionals to showcase their skills and stay motivated within the industry.

Adopt cutting-edge technologies like 5G, AI, and IoT to create an exciting and innovative environment for professionals. Invest in R&D and support entrepreneurship in the telecommunications space to create an environment where Nigerian professionals can pioneer new technologies, rather than having to seek these opportunities elsewhere. This is, because, the telecoms sector thrives on innovation, and one way to retain talent is by fostering a forward-thinking, technology-driven environment, he stressed.

On part of the commission, the NCC Boss said that the commission has been instrumental in mitigating talent migration through its initiatives to promote indigenous content, improve infrastructure, and create an enabling environment for digital growth. The NCC’s collaboration with stakeholders, MDAs, state governments, and international agencies has been crucial in achieving these goals.

According to him, the 3 Million Technical Talent (3MTT) Program, launched by the Ministry of Communications, Innovation, and Digital Economy, aims to train 3 million Nigerians in digital and technical skills by 2027. The NCC is actively participating in this program by supporting participants with training devices.

Additionally, the NCC’s partnership with Nokia to provide a 4G/5G test lab will equip young Nigerians with the skills required for the industry. The NCC is also committed to promoting the development and adoption of indigenous content through the Nigeria Office for Developing Indigenous Content for Telecoms Sector (NODITS), he said.

By pooling resources, the telecom sector can create an ecosystem that nurtures talent at all stages, from entry-level to experienced professionals, and aligns with global standards, the EVC highlighted.

In her welcome address, TSSF 5.0 Convener who also doubles as the Managing Editor of Business Remarks, Bukola Olanrewaju stated that human capital flight, the exodus of skilled professionals from their home countries, has become a global phenomenon with far-reaching implications.

According to her, human capital flight is not merely a statistic; for the telecom industry, it poses significant challenges such as a tangible loss of talent, brain drain, diminished innovation, and intellectual capital. It erodes the very fabric of the industry, leaving behind a void that is difficult to fill. The consequences are farreaching, from weakened competitiveness to a diminished capacity for research and development.

While quoting an analysis from PwC that revealed the talent exodus trend is projected to result in a potential loss of $4.7 billion in productivity and tax revenue for the Nigerian economy by 2027, Olanrewaju noted that amidst the challenges, there lies an opportunity for transformation.

“By addressing the underlying factors that drive the huge depletion in its talent workforce -the severe brain drain, and by fostering a conducive environment for talent development and retention, we can mitigate the effects of this to create a more sustainable, attractive, resilience and prosperous industry.

These facts stress the need to invest in talent development and retention, foster a supportive work environment, and offer competitive compensation and benefits”, Olanrewaju said.


Kindly share this post

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

MTN Nigeria Unveils CPaaS Platform to Transform Business Communication

Published

on

Kindly share this post

At the recently concluded NextNow Business Forum in Victoria Island, MTN Nigeria electrified the business community with a live demonstration of its forthcoming Communication Platform as a Service (CPaaS), a solution engineered to redefine how Nigerian enterprises connect with their customers.

Unlike traditional communication systems, MTN’s CPaaS is built for the realities of a mobile-first market. The platform unifies SMS, voice, WhatsApp, email, and more into a single, intuitive interface. This approach is especially significant in Nigeria, with over 107 million internet users, 45.4% of the total population, according to Data Report. This figure underscores the necessity for businesses to meet customers where they are.

During the demo, attendees witnessed how CPaaS enables two-way, real-time conversations between brands and customers. The platform’s support for rich media, instant analytics, and seamless integration with business workflows drew particular attention. These features are designed to empower businesses with data-driven insights and the agility to personalise every interaction, whether it’s a service notification, marketing campaign, or customer support exchange.

Akinbulejo Onabolu, Head of Enterprise Segment at MTN Nigeria, articulated the vision: “CPaaS gives enterprises the flexibility to interact with their customers on their preferred platforms; whether it’s chat, voice, or messaging, in a way that feels personal and immediate. We’re looking forward to the value this will unlock for businesses across industries once it launches.”

The fireside chat added depth to the conversation, with Omowunmi Olatunbosun, Head of SME Segment at MTN Nigeria, and Stephen Agbi of Bayobab, highlighting how digital engagement bridges the gap between businesses and audiences.

They emphasised that today’s consumers demand immediacy, relevance, and ease, qualities that CPaaS is built to deliver.

The stakes for digital transformation in Nigeria are high. In a report by Punch, the country’s enterprise tech market is projected to reach $22 billion by 2027, reflecting a surge in demand for scalable, cloud-based solutions that drive efficiency and customer loyalty.

The CPAAS Acceleration Alliance have estimated that globally, the CPaaS market is expected to grow from $14.7 billion in 2025 to $72.4 billion by 2035, at a compound annual growth rate of 18.4%, a testament to the platform’s transformative potential.

The event’s closing keynote from META’s Korhan Yunak reinforced the strategic value of digital channels like WhatsApp, which are now indispensable for business communication and engagement at scale.

As MTN Nigeria prepares for the Q3 2025 launch, the anticipation is unmistakable. With its promise of flexibility, intelligence, and seamless integration, MTN’s CPaaS platform is set to become the backbone of next-generation business-customer engagement in Nigeria, enabling enterprises to not just communicate but to connect, adapt, and grow in a digital-first era.


Kindly share this post
Continue Reading

Telecom

MTN Mulls Establishment of Fintech Firm in Nigeria, Others

Published

on

Kindly share this post

MTN Uganda is seeking input from stakeholders on a plan to structurally separate its mobile money service, MoMo, from its core telecoms business.

According to the company, the proposed change will be discussed at the upcoming extraordinary general meeting on July 2.

If approved, the telco’s fintech business will be run by a new company controlled by MTN Group Fintech Holdings B.V. and a trust benefiting minority shareholders following a merger.

Additionally, the restructuring also aligns with MTN Group’s ambition 2025 strategy which aims to unlock value, attract new investors, and strengthen regulatory compliance by creating standalone fintech entities in Uganda, Ghana, and Nigeria.

The company’s fintech division has over 13 million customers, with an 18.4% revenue increase in the first quarter of 2025, driven by 19.0% growth in mobile money services, 19.8% growth in transaction volumes, and a 31.4% increase in transaction value.

Reports say the decision is part of the telco’s compliance with the National Payment Systems Act 2020, which mandates mobile money businesses to operate as standalone entities, and to align with MTN Group’s regional fintech strategy.

MTN Uganda, which is led by CEO Sylvia Mulinge, highlighted that the implementation of the proposed transaction will be subjected to a number of conditions and regulatory procedures.

“The implementation of the proposed transaction shall be subject to a number of conditions, including the company and MTN MoMo receiving all required regulatory approvals and no-objections and complying with any regulatory conditions,” said MTN Uganda in notice.

 


Kindly share this post
Continue Reading

Telecom

Netflix Expands European Presence with €1 Billion Investment in Spain

Published

on

Kindly share this post

Netflix has announced plans to invest more than €1 billion in Spanish film and television productions over the next four years, reinforcing its commitment to Spain as a key creative hub in Europe.

The announcement was made by co-chief executive Ted Sarandos at an event held at Netflix’s production studios near Madrid, celebrating the company’s 10-year presence in the country.

Sarandos emphasized that the investment would contribute significantly to Spain’s economy, create jobs, and enable the streaming platform to produce more local content. He was joined by Spanish Prime Minister Pedro Sánchez in unveiling the initiative.

Netflix first established its international production studios in Madrid in 2019, following the success of the Spanish-language hit series Money Heist.

Since then, its 22,000-square-meter facility has become one of Netflix’s major production centers within the European Union.

The company currently supports over 20,000 jobs in Spain, highlighting the nation’s growing influence in global entertainment.

The investment reflects Netflix’s ongoing strategy to expand its presence in European markets through original content and local talent.


Kindly share this post
Continue Reading

Trending