General News
Collocation Reduces Operators’ Headaches- Onakomaiya
Mr. Gbenga Onakomaiya, chief commercial officer (CCO) of IHS, a company reputed for building and managing Nigeria’s Telecom Infrastructure with the highest quality at affordable cost. Onakomaiya has over a decade experience in the telecommunications industry and worked in Motophone where he handled finance and adminstrastion. A very unassuming and consummate salesman, he speaks with passion about collocation and sundry issue in this interview with emeka okafor.
Accident on Duty
Fortunately we have not experienced any casualty in our own case by the Grace of God and after that by the safety measures we put in place, we believe very much in safety procedures we adhere strictly to safety issues and quality issues and that is why we know we are also ISO certified. One of the requirements for ISO certification is to be safety conscious and we do not compromise it with regards to building of sites, we go to the minutest details to ensure that things are secured both for the community and for our staff. It saves a lot of money, because by the end of the day if you don’t do that you spend it ten times more than what you were to spend initially. We don’t compromise safety, if we do, may be our certificate will be withdrawn from ISO. It’s a continuous assessment they are always on our neck, we are always ready for them
Collocation
Economy of scale has shown that you have to do something about collocation. The operators themselves are now seeing the business angle in doing that in the sense that when you, for example you use $6000 dollar per month to maintain a site as a company when you have an option of paying $ 2000 a month sharing location .They are now seeing the economic sense in sharing infrastructure.
Initially, everybody wanted to provide services by themselves but now they are now seeing the economic sense because the sites are growing .It’s now much bigger for them to maintain .They need to digress themselves from these services and focus their attention on the core things they do. The competition has been wonderful and that is what has been keeping us going. We know there is competition and we strive to be the best in what we do because we do not want to be cluttered away, competition is the driving force we have, and without competition we will be relaxed. Since we know more competition is still coming we don’t want to lag behind. We have to make returns to our shareholders.
Problem of Touts and Youth Restiveness
It is very simple. There’s no place all over the world where you don’t have youth restiveness even in India. It is very rampant, but the way you manage it is very important. In IHS for instance, what we do is we have meetings with stakeholders, the community leaders, the youths and everybody. We call them and tell them that we are all stakeholders in the business and as such they should see themselves as part owners of the business and we tell them their benefits. You may be surprised that most of them don’t even know that there are benefits accruing to them. They believe the presence of any telecom project in their area is a national cake which they have to take their own share of but when you tell them the benefits of siting a base station in their community, that it can bring development to them either directly or indirectly because if there’s a base station in a community, there’s good network coverage in that community and you will have a lot of business centres being operated. One other thing we do is that right from the time of construction of any project; we involve the community where the project is located. We engage the local artisans and don’t hire them from outside. At the end of the day we engage two or three of them as security to man the cell site. Periodically, we engage the community in discussions to see how we can develop the community. Then we have conquered that aspect of youth restiveness because we believe in them and take them along in what we do, so they now feel we are part of them.
Leveraging on Shared Infrastructure
Oh very well. They have now seen the need and benefits of it in terms of taking the headache of maintaining, managing and monitoring the sites off them. They can now use their energy in other areas of service which they are providing. It also encourages shared expenses among two or three operators. This reduces the expenses they make and increases their profit which they can now divert in other areas.
Role in Corporate Social Responsibility
What we want to achieve very soon most companies or all the companies will be accessed not only by the profit they make but what they give back to the society. What social responsibility have you been able to do?. If you do not develop community the repercussion will be on you because you have to spend more on developing infrastructure or building infrastructure but if you develop a community you have less money to spend on accessing the community so we know by donating to them we are making things easier for us at the same time building a relationship with the community you are making the community to trust you and believe in what you do. Anytime you need anything, the community will be there to assist you.
State Government Tasking Operators to Share Infrastructure
I am hearing that for the first time that the state government is tasking telecom operators to encourage them to share infrastructure. It’s a welcome development if it is doing that, but then, as a matter of fact most operators have seen the benefits of sharing infrastructure and we are in discussions with some of them to take over their sites so that other operators who are not there yet can also collocate on the site. That is the kind of agreement we are making with them. We are not dismantling any site already built. The site that is already available can be acquired from the operators for us to manage it for them .More operators are coming in and they want coverage in certain areas so they can come in and make use of the base stations that are already in existence.
Capacity to Handle More Operators
IHS has the capacity to accommodate any new company that is coming in and as a matter of fact, we are building based on the imagination of what the future would be like, the number of operators that are coming in or envisaged to come in. We have sites that can take in at least four operators at a time. As a matter of fact, we have our equipment in the country now that can establish 500 sites and by the grace of God we should be building more 500 sites by the end of 2009. We should be commissioning 54 sites any time from now after NCC’s approval.
IHS and Stock Exchange
As you are aware we are through with our private placement and as a result we were given the go ahead to register our shares. We submitted our application to the Stock Exchange to be listed and you will be the first to hear that we have been given approval to list on the Stock Exchange and we will be listing any moment from now officially. We are public limited liability company now and we will be fully quoted so that people can buy our shares and that is why we want to improve and continue to improve for people to be able to have better result on their investments
Best Telecom Infrastructure Provider Award Expectations from IHS
It has given us operators the impetus to work harder and as a matter of fact we have won another award from another IT magazine, IT and Telecoms Digest. It’s a pleasant surprise and another challenge for us to keep on providing good quality service to every body in the industry.
Your Role in Miss Telecoms
We have the urged to encourage the youths. We sponsored the event and gave out the first prize and want to do more than that. The winner of Miss Telecoms will be involved in a campaign that will be announced very soon. The campaign will benefit the society because we want to campaign against environmental pollution.
Why Has IHS Suddenly Become Known
IHS has been in existence since 2001. We are about the first company that went into service delivery in the telecoms industry but we have been working silently because we believe in working and not talking. .We have built the highest number of sites in the industry. When you consider the total number of sites built so far IHS has built at least 30% of all the sites we have today and we believe in quality. It could be because more telecoms operators are coming in that people are beginning to know us but we have been working silently. We will continue to do our work silently but the public will be seeing what we are doing.
General News
Top Nigerian Startups Secure Funding Boost @ iHatch Demo Day Awards

Nigeria’s startup ecosystem received a fresh injection of momentum as top emerging ventures secured funding and investor attention at the iHatch National Demo Day, where Interface Africa clinched the highest prize of $15,000.

The 4th cohort of the NITDA–JICA-backed accelerator brought together founders, policymakers, and venture stakeholders in Abuja, showcasing innovations ranging from clean-energy financing and digital food marketplaces to next-gen fintech tools.
The startups went rounds of running through state-level selections and regional competition. iHatch was established in 2021 as a strategic partnership to create an enabling environment for young Nigerians to develop and scale their innovative solutions.
The iHatch National Demo Day (4th Cohort), is an initiative by NITDA and JICA which provides a clear pathway for homegrown talent to contribute significantly to economic diversification and digital transformation.
After rigorous selection processes, the top founders converged to pitch their innovations, recognised the standout performers, which are:
Interface Africa with $15,000, the firm is driving Nigeria’s clean energy transition by enabling structured and affordable solar financing.
Ahioma with $12,000, the firm enhances food accessibility with a digital marketplace connecting consumers directly to trusted vendors.
Linia Finance with $10,000, the firm is helping Nigerians take control of their finances with tools for budgeting, tracking, and smart money planning.
Chapta got a laptop reward. They delivering an offline-capable school application ensuring consistent, accessible learning for students everywhere.
Softdrop also got a laptop reward, they solve logistics challenges through a modern delivery platform designed for speed, convenience, and efficiency.
General News
Fidelity Bank to Host Virtual Masterclass on New Tax Law

Fidelity Bank Plc, a leading financial institution, will host a free virtual training on the Nigeria Tax Act 2025 (NTA) as part of its commitment to helping small businesses prepare for the upcoming legislation.

Fidelity Bank
The masterclass is scheduled for 10:00 AM (Nigerian time) on Friday, 12 December 2025. It will provide participants with clear insights into changes in the tax framework, the impact on income and business operations, and practical steps to avoid penalties in 2026.
Attendees will also learn strategies to stay ahead in an evolving regulatory environment.
The Nigerian government enacted major tax reforms on 26 June 2025 when President Bola Ahmed Tinubu signed four tax bills into law.
These Acts will take effect on 1 January 2026 and represent a significant overhaul of the country’s tax system.
The reforms aim to modernize and harmonize Nigeria’s tax framework, improve revenue generation, broaden the tax base, and create clearer rules for individuals, businesses, and government agencies.
“Our decision to host this masterclass reflects our commitment to empowering businesses with the right information ahead of the commencement of the new tax regime.
“Information is money and a well-informed business owner is already steps ahead in the race to success.
“This is why we are bringing experts to provide accurate details and demystify the tax act,” said Osita Ede, Divisional Head, Product Development, Fidelity Bank Plc.
Interested participants can register via https://bit.ly/2026TaxLawMasterclass .
General News
PalmPay MD Seeks Deeper Financial Inclusion @ CeBIH Annual Conference 2025

PalmPay, Nigeria’s leading digital banking platform, has renewed its commitment to deepening financial inclusion across the country. At the CeBIH Annual Conference 2025, themed “Reimagining Financial Inclusion through Cultural Shifts in Consumer Credit,” PalmPay’s Managing Director, Chika Nwosu, urged industry players to deepen financial inclusion by embracing community-aligned solutions and customer-centric innovations that can better serve Nigeria’s underserved and unbanked populations.

Speaking during a panel session titled “Social Inclusion, A Veritable Tool for Financial Inclusion,” Chika Nwosu joined other industry leaders to share insights on strengthening participation among women, rural dwellers, low-income earners, and other financially excluded groups.
Chika Nwosu highlighted PalmPay’s commitment to inclusive finance through its 500,000-strong agent network, which enables seamless cash-in/cash-out services for unbanked users across Nigeria. He also emphasised the importance of PalmPay’s USSD platform, 861#, which allows users with basic phones or limited internet access to perform essential financial transactions.
“Financial inclusion goes beyond access; it must be equitable and tailored to real-life needs,” Chika Nwosu said. He shared how PalmPay leverages behavioural insights to design impactful services, including affordable health insurance, reliable bill payments, merchant solutions, and automated savings features that support financial discipline among users.
The session further examined the role of grassroots agents and community touchpoints in driving last-mile adoption. Chika Nwosu noted that PalmPay’s widespread community presence continues to build trust and encourage excluded populations to embrace digital financial tools.
The session was moderated by Ronke Kuye of the CeBIH Advisory Council and featured representatives from E-Doc Online, SmartCash Payment Service Bank, SANEF, and EFINA.
PalmPay reaffirmed its commitment to driving accessible, secure, and inclusive financial services for all Nigerians. PalmPay is a leading digital banking platform driving financial inclusion and economic empowerment in underserved emerging markets. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay empowers individuals and businesses with tools to manage and grow their money.
PalmPay offers a comprehensive range of products, including mobile payments, savings, and micro-insurance via its app and mobile money agent network.
Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to over 35 million app users. PalmPay has operations in Nigeria, Ghana, Tanzania, and Bangladesh.
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