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Digital Economy: NITDA DG Engages Spanish Investors on Nigeria’s Soaring Market

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Kashifu Inuwa, director-general of the National Information Technology Development Agency (NITDA), has reaffirmed Nigeria’s commitment to Digital Literacy which he says will in the long run bridge the global talent gap in the information Communications Technology (ICT) sector and place the country among technology driven Nations.
Inuwa said this as a panelist at the just concluded Nigeria-Spanish Business and Trade Forum, in Madrid, Spain.
“Nigeria has talented youths and is blessed with one of the youngest populations in the world; By 2050 we will be the third most populous nations in the world; So, we are concerned about Digital Literacy because the world is moving towards digital and knowledge-based economy and there is a global talent gap in ICT”
The NITDA Boss who noted that ICT is the third largest sectors in Nigeria told the forum that so far, the Implementation of the National Digital Economy Policy and Strategy NDEPS for a Digital Nigeria which was unveiled and lunched by President Muhammadu Buhari on November 28, 2019, has been phenomenally successful with monumental impact on the Nation’s economy.
“The policy launch placed Nigeria on the Global Digital Economy Map and opened the doors for investors to come and invest in key sectors of the economy. Indeed, in the history of Nigeria, we have never had an administration which is ICT friendly like the Buhari administration”.
The Director-General also went further to explain the strategic pillars under the National Digital Economy Policy and Strategy (NDEPS) which he said three among the pillars are the key focus of NITDA:
“Building Infrastructure, Talents (digital skills and literacy), and Suitable Environment for investments to thrive remain parts of NITDA’s targets”.
Meanwhile, the DG informed the gathering that efforts to bring the Nigeria Startup Bill to a logical conclusion are currently being intensified.
He expressed optimism that upon getting the legal backing, the Bill will incentivise Nigerians and create a new market in order to encourage more investments and boost the sector’s contribution to the Nation’s Gross Domestic Products (GDP).
While commending the Federal Government for the change in the Ministry’s mandate and nomenclature from Communications to the Ministry of Communications and Digital Economy in Oct, 2019, Inuwa stressed that although Telecommunications is the biggest sectors in Africa, Nigeria is the leading market.
He encouraged investors to take advantage of the country’s huge population/demography, resourceful young minds as well as it’s soaring digital economy and invest without fears.
“Africa is a virgin land, we don’t have legacy infrastructure; So, you can easily invest and grow in many sectors”, the DG stressed.
Inuwa was hopeful that achieving the ambiguous target of a 95% digital literacy by 2030 would go a long way in creating new markets for not just Nigerians but investors, both at home and abroad.

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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

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Flutterwave Announces Massive Staff Shake-Up, Promotes Over 100 Employees

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Flutterwave has announced a company-wide employee support package that includes promotions for about 25 per cent of its global workforce, a one-off economic relief payment and enhanced support measures for employees in Nigeria.

Flutterwave Announces Massive Staff Shake-Up, Promotes Over 100 Employees

The fintech company said more than 100 employees across its global operations had been promoted as part of efforts to reward performance and strengthen employee welfare.

In addition, all staff worldwide will receive a one-time economic relief payment, while employees in Nigeria will benefit from additional tax support and cost-of-living adjustments following recent regulatory changes affecting take-home pay.

The company said the initiative was introduced in response to rising living costs across key markets, particularly in Nigeria, where inflation and increased transportation expenses have placed pressure on household incomes.

Speaking on the development, Olugbenga Agboola, founder and Chief Executive Officer of Flutterwave, described employees as the driving force behind the company’s growth and innovation.

“I often say our people are our secret sauce. They are the ultimate engine behind everything we build, giving us the capacity to create solutions that power businesses, unlock opportunities and move money seamlessly across Africa and beyond,” he said.

According to the company, the support measures form part of its broader strategy to improve staff welfare, retain talent and create an environment where employees can focus on their work without undue financial pressure.

Also speaking, Annette Akpolo said the initiative reflects a balance between rewarding individual performance and addressing the collective needs of employees.

“Our goal has always been to build an environment where our people can focus on doing their best work, rather than being weighed down by economic anxiety.

“Pairing merit-based individual growth with supporting the collective needs of the whole team are both essential parts of how we build a company culture where people genuinely want to stay and grow over the long term,” she said.

Founded in 2016, Flutterwave is marking its 10th anniversary in 2026.

The company disclosed that it has processed more than one billion transactions and facilitated over 40 billion dollars in total payment value globally since inception.

Flutterwave also reported strong growth across its payment channels, including a 289 per cent increase in wallet-based collections by transaction volume and a 184 per cent rise in bank transfer value over the past year.

The company attributed the growth to increasing adoption of local payment methods across its operating markets.

Industry observers note that the latest employee support package comes amid increasing competition for skilled talent in Nigeria’s fintech sector, where firms are adjusting compensation and benefits to retain workers in the face of rising living costs.

Agboola said future growth opportunities within the company would continue to be based on performance, leadership and meaningful contributions to its mission.

“At Flutterwave, growth is earned through meaningful contributions to the business and to the mission we are building together.

“As we continue to grow, the people who will shape our future are those who consistently step up, solve hard problems, support others and move the company forward,” he said.


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NCC Retains Rudman as Chair of Newly Inaugurated IPv6 Council Board, Urges Advancement of Nigeria’s Digital Migration

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The Nigerian Communications Commission (NCC) has officially inaugurated the new board of the Nigerian Internet Protocol version 6 (IPv6) Council in Ikeja, Lagos. Mr. Muhammed Rudman, Chief Executive Officer of the Internet Exchange Point of Nigeria (IXPN), will continue to serve as Chairman.

This inauguration marks a significant milestone for Nigeria’s telecommunications sector, as global demand for IPv4 now exceeds the available IPv4 address space.

Following the event, Rudman acknowledged the contributions of former board members, including Olusola Teniola (former President, ATCON), Funke Opeke (Founder, MainOne), Mary Uduma (former President, NiRA), and Lanre Ajayi (past President, ATCON), emphasizing that their involvement was instrumental in establishing the nation’s foundational IPv6 migration efforts.

Rudman noted that membership in the IPv6 Council is institution-based. The reconstituted board includes Mr. Muhammed Rudman as Chairman and a representative from the NCC as Co-Chairman. Institutional representatives from NITDA, ATCON, NIRA, ALTON, ISPON, and NgREN serve as board members, with Dr. Chris Uwaje and Prof. Latif Ladid acting as Advisers. This group is responsible for leading the nationwide migration from IPv4 to IPv6.

“The transition to IPv6 is a strategic national priority. It is essential for enabling Nigeria’s digital transformation, economic growth, and global competitiveness. The council’s strategy identifies IPv6 as a primary catalyst for national development, focusing on three pillars: supporting emerging technologies such as 5G and the Internet of Things (IoT), promoting economic diversification, and providing enhanced security and performance compared to legacy solutions such as Network Address Translation (NAT),” Rudman stated.

To achieve these objectives, the council’s action plan is structured around two primary initiatives: awareness-raising and capacity-building. The board will prioritize promoting national awareness of IPv6 through targeted events and workshops, while also providing IPv6 training to network engineers across various operators, including ISPs, telecommunications companies, educational institutions, and financial organizations. These efforts are expected to facilitate the acquisition and deployment of IPv6 throughout Nigerian networks.

The council will develop and oversee the national IPv6 strategy, monitor adoption across sectors, and report regularly to the Federal Government. Additionally, the council will identify technical challenges, strengthen local engineering capacity, and recommend regulatory measures to encourage ISPs, telecommunications operators, academic institutions, and enterprises to upgrade.

With the Nigeria IPv6 Council now operational, local enterprises and network providers are required to upgrade their systems to sustain the nation’s position in the global digital landscape.


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MTN, ALTON, Upperlink, NiRA back 2026 Nigeria DigitalSENSE forum, awards

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Leading telecommunications, technology, and internet governance stakeholders have thrown their weight behind the 16th milestone edition of the annual Nigeria DigitalSENSE Forum (NDSF) on Internet Governance for Development (IG4D), scheduled to hold on Thursday, June 11, 2026, at the Welcome Centre Hotels, Ikeja-Lagos.

MTN, ALTON, Upperlink, NiRA back 2026 Nigeria DigitalSENSE forum, awards

The high-profile convergence, organized by pioneer tech-media firm ITREALMS Media and hosted by DigitalSENSE Africa (DSA); an ICANN-certified At-Large Structure, will center its discourse on the national theme: “Sustaining WSIS Vision with Multistakeholder Synergy in Nigeria.”

Confirming their corporate backing and institutional participation are industry giants including ICT infrastructure leader MTN Nigeria; the Association of Licensed Telecoms Operators of Nigeria (ALTON); premier software and DNS infrastructure firm Upperlink Limited; and the Nigeria Internet Registration Association (NiRA).

Speaking on the preparations, the Lead Convener of NDSF and Group Executive Editor of ITREALMS Media Group, Ogbuefi Remmy Nweke, KSM, stated that the 2026 forum marks a crucial trajectory in examining how local multi-stakeholder synergy can sustain the World Summit on the Information Society (WSIS) frameworks to accelerate Nigeria’s digital public infrastructure (DPI) and domain economy.

“We are delighted to have the robust support of critical ecosystem drivers like MTN, ALTON, Upperlink, and NiRA. Their participation underscores the vital importance of multi-stakeholder dialogue in addressing contemporary policy, infrastructure growth, digital rights, and the transition into more advanced, secure digital spaces,” Nweke said.

A major highlight of this year’s forum will be that it will hold under the distinguished chairmanship of industry veteran, Dr. Olusola Teniola (hon), as approved by the Board of Directorate and the Central Committee. Under his chairmanship, the forum will also feature the presentation of the prestigious DigitalSENSE Africa 2026 awards to distinguished players in the ecosystem and corporate technology landscape across the continent.

The forum’s comprehensive agenda will feature high-level plenaries and technical sessions led by seasoned industry experts. Key areas of discourse will cut across the role of regulatory organs in the digital economy, bridging innovation gaps, leveraging Digital Public Infrastructure (DPI) for SME growth, digital rights, and data protection.

The organizers have invited additional internet stakeholders, including civil society organizations (CSOs), academia, young innovators, women in tech, and industry professionals, to maximize the networking and advocacy windows presented by this 16th edition.

With corporate sponsorship tiers spanning Platinum, Gold, Silver, and Bronze partnerships now actively filling up, corporate brand materials and production collaterals are expected to reach the NDSF secretariat on or before Thursday, June 4, 2026, to guarantee technical alignment.


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