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Cost of Production Must Make Business Sense-Ekuwem

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Cost of Production Must Make Business Sense-Ekuwem

Dr. Emmanuel Ekuwem is a thorough bred engineer with an undiluted passion for ICT. Ekuwem was once assistant director (Technical Services) in the Aviation Ministry, a fellow of the International Atomic Energy Agency (IAEA)/ Tril Programme.He is presently UNESCO’s ICTP (Trieste,) regional coordinator of the Nigerian Universities Network (NuNeT). Ekuwem spoke to

Local Content and Assessment of ICT

You will remember that we held recently a whole stakeholders forum on that topic. If it were not a serious topic, if it were not relevant to the growth of our country, we would not have organized a stakeholder’s forum on the topic.

If we want to own the industry; if we want to grip the industry firmly, if we want to contribute to the emergence of Nigeria as one of the first or top twenty countries by the year 2020; then we have to use ICT as one of the catalysts to lift Nigeria up to that position. The question is, what do we do in the industry? What are the tools of the industry? How many of the tools are made, designed or assembled in Nigeria? When you emphasize on Nigerian content development within the ICT sector, you are aiming at creating jobs and wealth; you are aiming at ensuring the sustenance of the industry. That means you have no control over, cannot be said to be yours. We are not talking about 100per cent control, it is about what I call, a symbiotic control in the sense that our foreign partners work in tandem with us so as to ensure the growth and sustainability of the industry. We use pieces of software in places such as banks, universities, corporate bodies like Teledom and so on. How many of these pieces of software that we use on a regular basis are developed in Nigeria? Are Nigerians competent enough to develop pieces of software that can be used in those establishments? All I can tell you for sure is that there is no software that we use today that cannot be developed by Nigerians. I hope we are not suffering from what Fela Anikulapo Kuti used to call ‘kolo mentality’ in the sense that we perceive imported goods as more superior to locally made ones. Are you telling me that good mobile phone casings cannot be produced in Nigeria? Are you telling me that even casings of the computer and TV antennae cannot be made here? They sure can. You must know that those companies abroad may not produce the totality of their products in their factories; they outsource them to their partners who are being paid for the services.

Who is Responsible?

First, the cost of production must make business sense. When you look at the cost of production in Asia and that in Nigeria, if it is cheaper in Nigeria, entrepreneurs will come to produce in Nigeria. Our duty then is to ensure that cost of production of goods in our country low. Electric power is to the national economy what food is to the human body. The national economy is as epileptic as it is today because its source of energy is epileptic. The day we get our bearings right, the day the Power Holding Company of Nigeria (PHCN) wakes up and the day we make good availability of electric energy for use in the national economy; you will see an avalanche of creativity, you will see an outburst of development; you will see Nigerians design and manufacture things that meet international standards. So, infrastructure like electricity is contributing to the increase in the cost of production. Nigerians are not the smartest people in the world but we have individuals who have potentials and can be trained to be highly skilled in certain areas. I would say that the right policies must be formulated; there must be public awareness, support from government and an institutional or legal framework that would compel operators or entrepreneurs or companies within the industry to introduce a certain percentage of Nigerian content in their operations. So, policy, institutional and legal frameworks are all the things that need to be addressed to ensure that we can have Nigerian content sufficiently large within the ICT industry. If you have only skilled manpower, how are you going to come to terms with the technical complexities of the material that will be used? I can tell you that dearth of manpower is not peculiar to Nigeria; there are many countries in the world that share similar experiences with Nigeria. Am convinced that the moment government, the Nigerian public, the telecom companies, the operators, the regulatory bodies like NCC; show some commitment to the cause of Nigerian content development within the ICT sector, be rest assured that we will go a long way. In that case, it is the will for us to move forward.

SIM Registration and National Security

We can capture data. But we have to start from somewhere. We cannot because of the fact that we are having difficulties in authentication turn a blind eye on SIM pack abuse; anyone can walk into a shop and buy one then use it to commit fraud, make threat calls and so on. A phone with GPRS, with voice call, with web browsing facilities, is an access point into any nation’s information super highway.

With that phone and connection, you can have access into companies’ database and even wreak havoc. We should be able to match these phones which are the access points into Nigeria’s information super highway with particular individuals within Nigeria, otherwise there is danger. This point of access must be accounted for; its origin and ownership must be known. There is a high rate of threat calls according to police reports. Hired assassins and even kidnappers in the Niger-delta use their phones to carry out operations but those calls cannot be traced to anyone. In most countries in the world, SIM packs are being registered because they have realized it is necessary for national security.

Registering 30 million Subscribers

We will not say goodbye to the Nigerian national security because operators are uncooperative. ATCON is not a regulator but we work in close partnership with the regulatory body. We are not the National Assembly, we do not make laws; we only do professional advocacy and ensuring that with our expertise, the Nigerian public is well informed. Operators may not be willing to register SIM packs because it will lead to a decrease in the number they release. But we cannot for that reason joke with national security. They need not do these registrations themselves; they can outsource that to a small firm. As we said in ATCON press statement, a period of six months to one year will be given during which every subscriber would be documented. You can walk into the nearest service center and register his SIM; so there will be no hurrying.

 Teledom Group

Teledom Group will soon be 10 years. We are a broadband informational telecommunication infrastructure company. We started with wireless and we discovered that Nigeria being a developing country had a problem of good quality ICT infrastructure. During the time of NITEL you know how difficult it was to get a line. We then said ‘let us look for a technology that will be broadband, that will be scaleable, that will be easy to install and easy to dismantle’. So, Teledom International Limited’s core competence is broadband wireless, we are experts in that area. We have a software development company and we have IT mart that is a one stop infotech super store. We have had a lot of encouragement from Nigerians; we have been patronized by some very good corporate bodies in this country and we are quite gratified that we have grown the way we have grown. The next phase we are entering is that of local content via manufacturing.


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Top Nigerian Startups Secure Funding Boost @ iHatch Demo Day Awards

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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.

 


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Fidelity Bank to Host Virtual Masterclass on New Tax Law

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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 to Host Virtual Masterclass on New Tax Law

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 .


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PalmPay MD Seeks Deeper Financial Inclusion @ CeBIH Annual Conference 2025

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L-r: Chika Reginald Nwosu, Managing Director, PalmPay; Tunde Ogundipe, Co-Founder & Chief Executive Officer, E-Doc Online; Emezino Afigbe, Head, Gender Center for Excellence, Enhancing Financial Innovation and Access (EFInA); Ronke Kuye, CeBIH Advisory Council; Dr. Badamasi Lawal, CEO National Social Investment Program; Uche Uzoebo, Chief Executive Officer, Shared Agent Network Expansion Facilities (SANEF); Dominic Wadongo, Chief Risk Officer, SmartCash Payment Service Bank, Nigeria, at the CeBIH Annual Conference recently.
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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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