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Buhari Inaugurates Council on e-government
President Muhammadu Buhari Friday in Abuja inaugurated the Presidential Council on Digital Economy and E-government, promising that his administration will continue to take advantage of digital technologies to transform every sector of the economy.
The president directed the Minister of Communications and Digital Economy, Isa Ali Ibrahim (Pantami), to chair the Council on his behalf and give regular updates.
He tasked members of the Council to work towards further strengthening the capacity of government to develop, adopt and deploy digital technologies to make government more efficient and transparent, thereby improving Nigeria’s global standing in the ease of doing business index.
The president noted that the Council, whose members have been arrived at after a painstaking and thorough process, would provide the oversight needed to bring about a veritable structure for accelerating achievements in the digital economy and in the implementation of e-government in the country.
He enjoined every member of the Council to consider the task as a national assignment and justify the trust reposed in their ability to support and significantly enhance the digital transformation of Nigeria.
‘‘I launched the National Digital Economy Policy and Strategy (NDEPS) on the 28th of November, 2019 and expanded the mandate of the then Ministry of Communications to include Digital Economy.
‘‘The implementation of that policy and mandate has enabled us to achieve significant progress and record a number of unprecedented achievements.
‘‘The impact of the COVID-19 pandemic on the global economy showed that the steps we took in developing and implementing NDEPS were indeed timely.
‘‘For example, the Information and Communications Technology sector was the fastest growing sector in both the fourth quarter of 2020 and the entire year 2020, based on the Report by the National Bureau of Statistics.
‘‘The sector’s 14.70% double-digit growth rate was instrumental in supporting our country to exit the recession triggered by the COVID-19 pandemic, far earlier than predicted by experts.
‘‘The significant contribution of 17.92% by the ICT sector to our GDP in the second quarter of 2021 is another example of the important impact of the digital economy on the overall economy.
‘‘In the same vein, the growth of our digital economy sector enabled us to cope with the effect of the lock-down as both activities of the government and private sector, as well as educational activities, were able to move to online platforms,’’ he said.
Furthermore, President Buhari expressed delight that the approval of the National Policy on Virtual Engagements for Federal Public Institutions has helped to formalise government online meetings.
He noted that statutory meetings like the Federal Executive Council (FEC), Council of State, and other meetings can now effectively and legally take place online.
He added that Nigeria’s progress in e-governance has been noted by the international community, eliciting recognition from international stakeholders including the appointment of the Minister of Communications and Digital Economy as the Chairman of the 2022 Forum of the highly regarded World Summit of the Information Society.
While congratulating the Minister, the president acknowledged that the Ministry has partnered with the Korea International Cooperation Agency to develop a National e-government Master Plan, approved by FEC in August 2019.
The President listed benefits from the partnership including; “the training of over 1,400 Nigerian public servants in both Nigeria and South Korea on e-governance; the launching of an E-Government Training Centre handed over to the Federal Government in November 2019 and the signing off of Phase II of the e-government Project – “Project for Building Foundations Towards Digital Governance in Nigeria (2020-2026).’’
In his remarks, Mr Pantami noted that NDEPS launched in 2019, made provision for the establishment of the Presidential Council to coordinate the development of an indigenous digital economy.
Describing the implementation of NDEPS for a digital Nigeria as very successful, the Minister said in the last two years, the sector has provided ICT intervention to no fewer than 1,667 institutions at the Federal and sub-national levels.
He added that the recent auctioning of spectrums by the Ministry generated over 400 per cent revenue to the Federal Government coffers while two virtual institutions established by government have trained some 500,000 Nigerian on digital and emerging technologies.
The 27-man committee chaired by Pantami on behalf of the President has the following members: Boss Mustapha, Secretary to the Government of the Federation; Muhammad Inuwa Yahaya, Governor of Gombe State; Nasir Ahmed El-Rufai, Governor of Kaduna State; Abdullahi Sule, Governor of Nasarawa State; Godwin Obaseki, Governor of Edo State, Babajide Sanwo-Olu, Governor of Lagos State and Senator Hope Uzodinma, Governor of Imo State.
Others are Zainab Shamsuna Ahmed, Minister of Finance, Budget and National Planning; Otunba Richard Adeniyi Adebayo, Minister of Industry, Trade and Investment; Dr. Folasade Yemi-Esan, Head of Civil Service of the Federation; Prof. Umar G. Danbatta, Executive Vice Chairman/CEO Nigerian Communications Commission; Prof. M.B Abubakar, Managing Director/CEO, Galaxy Backbone Limited; Dr. Abimbola Alale, Managing Director/CEO, Nigerian Communications Satellite Limited and Engr Aliyu A. Aziz, Director General/CEO, National Identity Management Commission.
Also in the committee are Mr. Oswald Osaretin Guobadia, Senior Special Assistant, (Digital Transformation) to the President; Engr Olufemi Olufeko, Director, e-Government Dept, Federal Ministry Of Communications and Digital Economy; A.B. Okauru, Director General, Nigeria Governors Forum; Prof. Simon Adesina Sodiya, President Nigeria Computer Society and Gbenga Adebayo, Chairman, Association of Licensed Telecommunications Operators of Nigeria (ALTON).
Other members are Kabiru Bala, Representative of Academia and Vice Chancellor, Ahmadu Bello University, Zaira; Prof. Nnenna Oti, Representative of the Academia and Vice Chancellor, Federal University of Technology, Owerri and Kashifu Inuwa Abdullahi, Secretary and the Director General/CEO, National Information Technology Development Agency.
Mr. Sungil Son, Country Director (KOICA), Dr Olufemi Adeluyi, Technical Assistant (Research & Development) to Hon. Minister of Communication & Digital Economy and Abubakar A. Dahiru, Special Assistant (Cyber Security & Digital Identity) to the Minister are also members of the Committee.
As the world marks International Youth Day, attention once again turns to the opportunities and challenges facing young people as they prepare for work, financial independence, and adulthood.
In Nigeria, the urgency is clear. According to UNICEF, about 7% of young people aged 15–24 possess basic ICT skills, highlighting a wider gap in the skills required to participate effectively in an increasingly digital economy.
At the same time, the Federal Government, through the Federal Ministry of Youth Development, continues to prioritize skills development, job creation, entrepreneurship and social inclusion.
For PalmPay, youth empowerment goes beyond corporate social responsibility. It is an investment in the people who will shape Nigeria’s workforce, businesses and economy.
This belief is reflected in initiatives focused on financial literacy, employability, digital skills and access to opportunities.
Through its Graduate Trainee Programme, PalmPay provides young graduates with opportunities to gain workplace experience, develop professional skills and build careers in a fast-evolving industry.
The investment also extends to financial education. Through its NYSC Financial Literacy Programme, PalmPay brings practical financial education to young Nigerians at an important transition point, helping Corps members develop better habits around saving, spending, budgeting and protecting their money.
For young women, Purple Woman provides another pathway to economic empowerment, creating opportunities for internships, learning and professional development while supporting greater female participation in the technology sector.
Speaking on the importance of youth empowerment, Chika Nwosu, Managing Director of PalmPay Nigeria, said: “Nigeria’s young population is one of its greatest assets, but unlocking its potential requires access to the right skills, knowledge and opportunities. At PalmPay, we are committed to equipping young Nigerians to learn, earn and thrive in an increasingly digital economy. We believe that investing in young people today is an investment in a stronger, more inclusive Nigeria.”
These initiatives reflect a broader belief that youth empowerment is most meaningful when young people are given the knowledge, exposure and opportunities to apply what they learn.
A graduate given workplace exposure today can become tomorrow’s business leader. A Corps member who develops sound financial habits can carry those lessons into their career and personal life. A young woman given access to professional opportunities can gain the confidence, experience, and networks to create opportunities for others.
Investing in young people is a great strategy for building a stronger, more productive, and more inclusive economy.
This International Youth Day, PalmPay reaffirms its commitment to investing in young Nigerians and contributing to a broader national ambition where the young population is not just counted, but equipped, employed, empowered, and positioned to lead.
Mobility technology company, Moove has raised $250 million in a Series C funding round at a valuation of $2.1 billion, reaching unicorn status.
The startup will deploy the fresh capital to build out autonomous vehicle infrastructure, expand fleet ownership, construct robotics-focused “Nests” for charging and maintenance, and grow its autonomous workforce from 150 to 500 by year-end.
The company plans to enter additional global markets, reflecting a strategy to build the operational infrastructure required for large-scale autonomous transportation rather than simply supplying vehicles.
Led by Mubadala Investment Company and co-led by Woven Capital, Toyota’s Growth Fund, and Ion Pacific, the round also included new investors BlueCrest Capital Management, Sona Asset Management and The Raptor Group, alongside existing backers BlackRock, MUFG, Franklin Templeton and Uber.
“Autonomous mobility is becoming an infrastructure race requiring fleets, charging systems, maintenance, data infrastructure and continuous city-level operations,” said Ladi Delano, co-founder, co-CEO and advisory board chairman of Moove.
Founded in Lagos in 2020, Moove has grown into a global mobility platform employing about 3,300 people across 29 cities in 13 countries, operating approximately 42,000 vehicles and reaching $420 million in annualised recurring revenue.
It has expanded organically and through acquisitions, including Kovi in Brazil and Tokyo Taxi in Japan. Moove also operates autonomous vehicle fleets in partnership with Waymo in Phoenix and Miami, with London expected to join its footprint.
The $2.1 billion valuation places Moove among Africa’s small group of tech unicorns, alongside Flutterwave, OPay, Moniepoint, Andela, Chipper Cash, Wave, Tyme, MNT-Halan and Interswitch.
The $250 million round is the largest single funding deal announced by an African startup this year, though EV mobility firm Spiro raised $270 million cumulatively across two separate rounds.
Heirs Life Assurance, the specialist life insurance company of Heirs Insurance Group, has appointed Pastor Jerry Eze as an Independent Non-Executive Director on its Board, effective August 10, 2026.
L – R: Tony Elumelu, Chairman, Heirs Life Assurance; Pastor Jerry Eze, incoming director, Heirs Life Assurance
The appointment reinforces Heirs Life Assurance’s commitment to expanding financial inclusion and accelerating insurance adoption by strengthening public trust, consumer education, and long-term financial resilience across Nigeria.
Despite being Africa’s largest economy, Nigeria’s insurance penetration remains below one percent – among the lowest globally – highlighting the need to expand financial protection and build greater public trust in insurance.
As Heirs Life continues to pursue its mission of making insurance accessible to every Nigerian, Eze’s appointment brings a unique perspective on community engagement, value-based leadership, and broad societal impact.
Pastor Jerry Eze is the Founder and Lead Pastor of Streams of Joy International Ministry, a growing multinational ministry with 34 branches across West Africa, Southern Africa, Europe and North America.
He is also the convener of the New Season Prophetic Prayers and Declaration (NSPPD), one of the world’s largest digital prayer platforms, reaching millions of people daily. Through his ministry and humanitarian initiatives, he has become one of Africa’s most influential voices, championing hope, compassion, and community transformation.
Beyond ministry, Eze is the Founder of the Jerry Eze Foundation, a faith-led philanthropy where he provides housing support and grants to vulnerable and underserved communities.
In 2026, he announced N1billion in grants to support young entrepreneurs across agriculture, technology, and manufacturing, further advancing enterprise development and economic opportunity.
Before entering full-time ministry, Pastor Jerry Eze built a career in development communications, serving as a Communications Specialist on a World Bank HIV/AIDS programme and with the United Nations Population Fund (UNFPA).
He holds a Bachelor’s degree in History and International Relations from Abia State University and a postgraduate degree in Business Administration from Enugu State University of Science and Technology.
Speaking about the appointment, Tony O. Elumelu, CFR, Chairman, Heirs Life Assurance, said: “Pastor Jerry brings an exceptional combination of integrity, influence, and a deep understanding of people and communities.
“As we continue our mission to democratise access to insurance, his insight will help strengthen consumer trust, deepen financial inclusion, and reinforce our commitment to protecting the financial future of millions of Nigerians.
“We are delighted to welcome him to the Board of Heirs Life Assurance and the broader family of Heirs Insurance Group.”
Commenting on his appointment, Pastor Jerry Eze said: “I am honoured to join the Board of Heirs Life Assurance at a defining moment for the insurance industry. Financial security empowers individuals, families, and businesses to pursue their aspirations with greater confidence and resilience.
“I look forward to working with the Board and Management to advance the company’s mission of making insurance more accessible, relevant, and impactful for every Nigerian.”
Heirs Life Assurance has become one of Nigeria’s leading specialist life insurance companies, ranking 7th on the Financial Times list of Africa’s fastest-growing companies.
It is one of the three insurance businesses of Heirs Holdings, the leading pan-African investment company, with investments across 24 countries and four continents.
Combining an omni-channel digital presence with physical branches spread across the country, Heirs Life continues to redefine life insurance through innovation, customer-centric solutions, and a commitment to making financial protection accessible to every Nigerian.
Heirs Insurance Group, comprising Heirs Life Assurance, Heirs General Insurance, and Heirs Insurance Brokers, collectively serves over 3 million people directly and indirectly.
The Group is championing financial inclusion and leading the digital insurance play in Nigeria, demonstrating its mission to democratise access to insurance.
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