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Cellulant Affirms Commitment to Fixing Agric Value Chain with Technology

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L-R: MD/CEO, Wema Bank, Ademola Adebise; CO-CEO, Cellulant Corporation, Bolaji Akinboro; Chief Compliance Officer, Cellulant Corporation, Solomon Abiakalam and Manager, Retail Marketplace, Cellulant Nigeria, Jennifer Onyebuagu at the Inaugural Partners’ Summit organised by Cellulant in Lagos on Wednesday
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Cellulant Corporation, a pan-African technology company has affirmed its commitment to helping fix Nigeria’s broken agriculture value-chain with innovative solutions.

Cellulant Affirms Commitment to Fixing Agric Value Chain with Technology

L-R: MD/CEO, Wema Bank, Ademola Adebise; CO-CEO, Cellulant Corporation, Bolaji Akinboro; Chief Compliance Officer, Cellulant Corporation, Solomon Abiakalam and Manager, Retail Marketplace, Cellulant Nigeria, Jennifer Onyebuagu at the Inaugural Partners’ Summit organised by Cellulant in Lagos on Wednesday

Agriculture is a crucial economic sector accounting for about 23 per cent of Nigeria’s Gross Domestic Product (GDP), but the value chain is highly underdeveloped.

Speaking at Cellulant’s inaugural partners’ summit themed ‘Technology for Transformation: Connecting Everyone to Nigeria’s $50bn Agribusiness Opportunity & Creating Jobs for Africa’s Youth’ held in Lagos on Wednesday, December 18, Bolaji Akinboro, co-founder and CEO, Cellulant Corporation, said the company would not relent in helping to improve the Agric value chain.

In his presentation entitled ‘From Farm to Fork: Transforming the Agribusiness in Nigeria Through Technology-What does the Future Hold’, Akinboro explained that the country’s Agric-value chain needed to be fixed to enjoy the immense riches in the sector.

He disclosed that consumption of food, the end product of most agricultural activities in the country is worth about $100million daily and between$36 billion to $50 billion annually, hence the need to improve the value chain.

He also highlighted Cellulant’s strides in improving the agriculture value chain with its payment platform, Tingg and Agrikore, an innovative platform built on blockchain technology.

Akinboro said: “We are not just a fintech company; we have the technology and operations via Agrikore. When you combine technology and operations, you can change the world.

“We are providing technology that makes life better for everyone; Nigerians and Africans. We are the ones that can bring in the change.

“At Cellulant, we remain committed to providing innovative-led solutions to grow the agricultural sector and empower Nigerian farmers.

“We pioneered Agritech innovation that powers the livelihoods of more than 17 million farmers and allows all players to connect to solutions that transform how they do business.”

Akinboro added that “technology is a critical enabler to solve many of the challenges experienced in the Agric sector.

“In the last 15 years, Cellulant has actively contributed to connecting all key stakeholders in the value chain, who in the past never interacted with each other.

“Today, the business has built a marketplace and payments platform that provides access to markets, digital financial services, and opens opportunities for all stakeholders to collaborate better and capture the $50b market opportunity.”

Also speaking at the occasion attended by critical stakeholders in the agribusiness ecosystem including farmers, aggregators and retailers, Adebisi Adebise, managing director/chief executive officer,Wema Bank, reiterated the importance of cooperation between every player in the Agric value chain.

Adebise identified problems of the Agric sector to include a low level of budgetary allocation, low financial literacy, a large percentage of unbanked population and the limited capacity of financial institutions to understand the value-chain, assured that Wema Bank would continue to partner Cellulant to improve agriculture.

The summit had in attendance development partners including African Development Bank, Shared Agent Network Expansion Facility (SANEF) and DFID.


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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

E-Business

NITDA Takes Over National Digital Architecture System

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Nigeria has taken a major step toward strengthening its digital governance framework as the National Information Technology Development Agency (NITDA) officially assumes control of the Nigeria Government Enterprise Architecture (NGEA) infrastructure.

NITDA Takes Over National Digital Architecture System

The handover ceremony held in Abuja, marks the culmination of a high-level partnership with the Korea International Cooperation Agency (KOICA).

This transition signals a shift from fragmented IT projects to a unified, disciplined approach to national digital investment.

The NGEA initiative forms a core part of the e-Government Masterplan 2.0 (Ne-GMP 2.0), aimed at establishing a unified and structured approach to managing government IT investments and digital resources.

The framework is designed to ensure that technology deployment across public institutions aligns with national priorities while improving efficiency and accountability.

With the system now operational, government agencies are expected to adopt more integrated digital processes, allowing seamless data sharing and interoperability.

This is anticipated to reduce duplication, strengthen risk management, and translate policy objectives into measurable digital outcomes.

Over the past two and a half years, Nigerian technical experts worked closely with their Korean counterparts to develop the architecture framework, create reference models, and execute pilot programmes in key institutions.

These include the National Identity Management Commission, Nigeria Customs Service, Nigeria Immigration Service, and NITDA.

Officials say the NGEA represents a shift from fragmented digital efforts to a more coordinated, citizen-focused system.

The infrastructure is hosted by Galaxy Backbone Limited, providing a secure and reliable platform for nationwide deployment.

Looking ahead, NITDA is expected to work with government stakeholders to expand and sustain the system, while the Federal Ministry of Communications, Innovation and Digital Economy will provide policy guidance to ensure its adoption across the country.

 

 


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FG Shifting Focus to “Meaningful Connectivity” to Drive Inclusion  – Minister

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Bosun Tijani, minister of Communications, Innovation and Digital Economy, has said the government is shifting focus from expanding access to ensuring “meaningful connectivity” that drives economic growth and inclusion.

FG Shifting Focus to “Meaningful Connectivity” to Drive Inclusion  - Minister

Bosun Tijani, minister of Communications, Innovation and Digital Economy

The minister made the statement on Friday while addressing stakeholders at the inauguration of board members of the Universal Service Provision Fund (USPF) in Abuja.

He said that although Nigeria had made significant progress since the introduction of GSM services, millions of people, particularly in rural and underserved communities, remain either unconnected or unable to fully benefit from digital services.

Dr Tijani highlighted ongoing investments in digital infrastructure, including plans to deploy 90,000 kilometres of fibre optic network and nearly 4,000 telecom towers nationwide.

He said initiatives under the USPF had improved access through projects such as rural connectivity and digital facilities in schools but stressed that the next phase must prioritise effective usage.

“It is not enough to connect a community. We must ensure that schools can teach with digital tools and that small businesses can access market opportunities,” he said, citing a pilot project in the Kura community where connectivity has enhanced access to communication, education and healthcare.

Aminu Maida, executive vice chairman, Nigerian Communications Commission (NCC) also called for a shift towards meaningful connectivity, noting that while data usage had grown significantly, it remained concentrated in urban areas.

According to him, recent data shows that telecom usage has increased by about 160% over the past two years, largely driven by urban demand.

“When we drill down, we see that a lot of that growth is actually in urban centres. So, the gap between those who are not connected or not meaningfully connected is growing,” he said.

Dr Maida added that the trend underscored the need for the USPF board to intensify efforts to bridge both access and usage gaps across the country.

Both officials emphasised the importance of collaboration, sustainable investment models and improved digital literacy to ensure that connectivity translates into real economic benefits for Nigerians.

 

 


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Jury Finds Meta, Google Liable for Woman’s Social Media Addiction

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A jury in Los Angeles has found technology companies, Meta and Google liable for contributing to a young woman’s social media addiction, in a case being described as a landmark ruling.

Jury Finds Meta, Google Liable for Woman’s Social Media Addiction

The 20-year-old woman, identified only as Kaley, argued that she became addicted to Google’s YouTube and Meta’s Instagram from an early age due to their attention-driven design features.

According to her testimony, she began using YouTube at the age of six after downloading the app on her iPod Touch to watch videos about lip gloss and online games.

Kaley told the court that she joined Instagram at nine, bypassing parental restrictions put in place by her mother, and spent extended periods on social media.

The trial, which lasted about a month, with arguments and evidence from both sides.

Jurors also heard testimony from Mark Zuckerberg, chief executive, Meta and Adam Mosseri, Instagram head.

However, Neal Mohan, YouTube chief executive, did not testify.

The jury found that the companies were negligent in the design of their platforms and failed to adequately warn users about potential harms. Meta and Google were ordered to pay the woman $3 million in damages.

Jurors also recommended additional punitive damages, including $900,000 against YouTube and $2.1 million against Meta, according to company spokespersons.

The jury apportioned 70 per cent of the responsibility to Meta and 30 per cent to YouTube.

Kaley was present in the courtroom when the verdict was delivered, alongside parents of other teenagers who say they were harmed by social media use. Both companies said they plan to appeal the decision.

“We respectfully disagree with the verdict and will appeal. Teen mental health is profoundly complex and cannot be linked to a single app. We will continue to defend ourselves vigorously as every case is different, and we remain confident in our record of protecting teens online”, a Meta spokesperson said.

José Castañeda, Google spokesperson, said the case misunderstands YouTube, which is a responsibly built streaming platform, not a social media site.


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