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Ekeh, Zinox Boss Urges FG to Infuse ICT in Transformation Agenda

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The federal government has been urged to make information and communications technology (ICT) part and parcel of her visionary transformation agenda to achieve even and sustainable development.

President Goodluck Ebele Jonathan who on April 16, 2011 won a pan-Nigerian mandate that swept through the North and South of the nation; ran on a promise to radically transform the nation and overhaul every aspect of the national life.

Leo Stan Ekeh, chairman, Zinox Group, said that the present administration has earned a lot of regards and respect with the transformation agenda but urged the government to make bold hearted interventions in technology just as it is doing in aviation and energy.

Ekeh said that the development of the capacity of the ICT industry will empower the vast majority of Nigerians towards productivity and growth.

“The government needs to exploit the pivotal role of technology in national development by providing the environment for technology to nurture to fruition the various initiatives that the President has taken in other sectors” Ekeh added.

According to Ekeh, the federal government should have seized the opportunity of President Jonathan’s landmark state visit to China to use ICT to consolidate on the gains recorded in aviation, infrastructure and energy.

The President, who made exhaustive use of the social media in his election campaign, has reaffirmed his belief in technology as a harnessing platform for his development initiatives by his establishment of the Ministry of Information Technology and Communications.

Expectations from ICT stakeholders are that the mastery of ICT tools and the social media displayed by the President during elections would translate to a retooling of the citizenry sooner than later. 

Ekeh said that “I must admit that the importance of ICT appeared restored recently with the inauguration of a 19-man Broadband Council to ensure the execution of an ambitious plan by the Federal Government to promote the diffusion of high-speed internet access expected to foster economic growth in the country.

The plan earlier released by the Minister of Information and Communications, Mrs. Omobola Johnson, is a five year programme which seeks to achieve a fivefold increase of broadband penetration by the end of 2017, up from the present 6% level. The plan, among other things, would provide security for broadband infrastructure, encourage a reduction in the costs of deploying infrastructure, use the regulatory bodies to ensure better performance levels of broadband services and use existing national assets to create access for communities for digital literacy” he added.

According to the Zinox boss, the definite steps being taken by the federal government to deepen the penetration of ICT and broadband are welcome and timely.

“They indicate awareness that ICT and broadband penetration are central to the success of the President’s transformation agenda, the attainment of the MDGs in 2015 and the vision 20 2020. The Onus is on the Council to respectfully pressurize the government to move beyond the setting up of the Council to practical interventions that would improve the living standards of our people”  he said.

For example, the entire nation would come aflame if the federal government were to deploy wireless infrastructure for subsidized or free internet in Abuja, Lagos, Ibadan, Enugu, Port Harcourt, and Kaduna.

Ekeh said that millions of new jobs would be created, decent wealth would abort corruption, and new digital lifestyles would be adopted as the levels of creativity and productivity reach unimaginable proportions.

He stated that “If Nigerians in these geo-political centers had heavily subsidized access to internet, it would trigger off a new era of fairly even development that would heal ethnic jealousies. The wireless infrastructure provided would then be complemented by the provision of subsidized laptops or tablets to all serving members of the National Youth Service Corps”

“In actual fact, I have said at some other forums that the Nigerian State needs to deploy a minimum of 25,000,000 PCs, in the next 3 years, 3,750,000 for each of the 6 geo-political zones and 2,500,000 in Abuja, or forget the attainment of the Millennium Development Goals by 2015.  These PCs would be targeted at youths who leave secondary school with 6 ‘Alphas’, all graduating students from the Polytechnics, Colleges of Education, and Universities. This generation closely interconnected by satellite television, social media and the internet would give rise to a new ICT based work culture, increasing productivity and self sufficiency; reducing corruption and the kinship that leads to ethnicity; and enabling a self interpretation of faith that would undermine religious extremism” the Zinox boss also added

The intervention would immediately arrest the high mortality rate among indigenous ISPs, and PC manufacturers, and give rise to a new tier of technologists.

The number of start-ups in Nigeria would run into tens of millions, the quality of education would become globally competitive, and business processes and procedures would improve drastically because of the increased opportunity to compare notes with things happening outside our borders.

The essence of promoting ICT is for employment creation as the largest platform for creating employment all over the world. ICT also helps a nation to build a new set of affluent citizens whose wealth can be defended as corruption free.

Above all, the Government and the President would get credit for kick starting modern Nigeria. The funding of these patriotic ideas need not give us sleepless nights – the Federal Government should liaise with the national assembly, create a special ICT and Broadband penetration fund, and persuade corporate persons to pay a 1% tax over the next 5 years or alternatively fund this from the Sovereign Wealth Fund for the next 3 years.

What other countries are doing: The advantage among nations is now measured by the level of ICT and broadband penetration.

As recently as 2010, in spite of the fact that nearly 200 million Americans had broadband access in their homes, the USA developed a National Broadband Plan, with the objective to ensure that at least 100 million US homes have affordable access to high speed internet as would make the United States the world leader in mobile innovations, with the fastest and most extensive wireless networks on earth. In pursuit of this goal the USA set up the Connect America Fund, CAF, to finance the provision of affordable high speed internet and the government approved the spending of $15.5 billion over the next ten years from the existing Universal Service Fund, USF.

 In addition, the US Government approved incentives to encourage investors to achieve broadband penetration to the unreached and underserved.   
It is instructive that smaller countries are already implementing various ambitious ICT Broadband interventions.

The President of Kenya, Uhuru Kenyatta, announced at his swearing in – a laptop for every Kenyan school leaver. Thailand, the small Asian country that supplies Nigeria with rice is currently the cynosure of all OEMs with the intended supply of 1.5 million laptops to boost the economy.

Access to the tools of knowledge is the only way to ensure sustainable development through the creation of millions of intellectual merchants and entrepreneurs who can defend their wealth in the 21st century.

If smaller countries including Ghana can do it then Africa’s giant cannot afford to allow this opportunity to slip by. Recently, a Ghanaian company partnered with the Osun State government to produce tablets for their schools.

That Ghanaian company was recently empowered by a loan of $20 million from China, underwritten by the Government of Ghana. That is the kind of incentive that Nigerian OEMs need to go global.

Conclusion:
No nation is an Island unto itself and today’s peer review mechanism has made it easier for nations to learn from one another.

Nigeria must learn from what other developing nations are doing. The race for development is like a 100 metre dash and the front runner, by size and resources, cannot afford to be lethargic or minnows will overtake him.

All is not lost yet and Nigeria still has ample time to wake up to her manifest destiny as the giant of Africa. Mr. President should be consoled by the cliché that the thank you for hard work is more work.  I rest my case.
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InsomniaQ Spotlights African Creativity in Lagos

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Quickteller successfully hosted the maiden edition of InsomniaQ recently in Lagos, delivering a 12-hour non-stop celebration of African music, culture, and creativity.

A statement from the firm on Sunday stated that the event attracted a diverse audience of music lovers, culture enthusiasts, and festive diaspora returnees, marking a strong debut for what organisers described as a potential signature December event.

InsomniaQ featured a dynamic mix of live performances and DJ sets, showcasing Africa’s rich musical diversity and creative depth. From soulful sounds to high-energy performances, the festival offered a thoughtfully curated journey designed to follow the natural rhythm of its audience’s circadian cycle, sustaining energy, connection, and excitement throughout the night.

Beyond the performances, InsomniaQ emerged as a platform for shared cultural expression, creating space for celebration, discovery, and community. The experience reinforced Lagos’ position as the heartbeat of Africa’s December entertainment season and highlighted the growing appetite for premium, culturally grounded experiences.

Commenting on the success of the event, the Executive Vice President, Group Marketing and Communications, Interswitch Group, Cherry Eromosele, described InsomniaQ as an organic extension of Quickteller’s place in everyday moments of connection, culture, and celebration.

“InsomniaQ was created as a space to celebrate African creativity in its full expression, the music, the energy, and the people who make our culture so powerful.

“Seeing that vision come to life, with thousands of people connecting through sound, movement, and shared experience, has been truly rewarding. This debut edition reinforces our belief in creating platforms that bring people together and spotlights the richness of African talent in meaningful ways,” Eromosele said.

The success of InsomniaQ, according to the organisers, reflects a broader commitment within the Interswitch ecosystem to support experiences that extend beyond transactions into everyday life. By championing platforms that blend culture, innovation, and community, Interswitch continues to shape how people connect, celebrate, and experience Africa’s evolving creative economy.

With its strong debut, InsomniaQ has set the tone for future editions and established itself as a new fixture in Africa’s December calendar, celebrating culture, driving connection, and creating memorable experiences.


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How Moniepoint’s Founders, Tosin Eniolorunda and Felix Ike are Redefining African Tech and Finance

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In an era where global tech giants dominate headlines, two Nigerian entrepreneurs are quietly revolutionizing financial services across Africa, proving that world-class innovation can emerge from homegrown talent and local institutions.

Tosin Eniolorunda and Felix Ike, co-founders of Moniepoint Inc, have built one of Africa’s fastest-growing fintech companies, not despite their exclusively Nigerian education, but in many ways, because of it.

Their journey from the lecture halls of Obafemi Awolowo University and the University of Lagos to the TIME100 Most Influential Companies list stands as a powerful testament to the caliber of talent nurtured within Nigerian universities and the transformative potential of locally-rooted vision.

Tosin Eniolorunda’s path exemplifies how Nigerian educational institutions can cultivate entrepreneurial excellence. After earning his degree in Mechanical Engineering from Obafemi Awolowo University, he didn’t follow the well-trodden path abroad but instead chose to build solutions for Nigerian challenges within Nigeria itself. This decision proved prescient.

Understanding the unique financial ecosystem and infrastructure gaps firsthand from the work at TeamApt Ltd where they were building from majority of the country’s banks, Tosin pioneered several industry firsts: introducing instant POS transfers to Nigeria, launching the country’s first virtual account services, and constructing a vertically integrated payments processing switch with full switching and processing licenses.

These feats and technological achievements must be viewed from the prism that these were deeply contextual innovations born from intimate knowledge of local needs, the kind of understanding that comes from being educated and embedded in the communities one serves.

Felix Ike’s contribution complements this vision with technical brilliance equally rooted in Nigerian educational excellence. Graduating with first-class honors in Computer Science from the University of Lagos, Felix brought to Moniepoint the kind of engineering rigor required to build mission-critical financial infrastructure.

As Chief Technology Officer, he has architected systems that are not just functional but scalable, resilient, and secure enough to serve over 10 million businesses and individuals across Nigeria and Africa. His work demonstrates that Nigerian universities are producing software engineering leaders capable of building world-class technology that can compete on the global stage with technology that processes millions of transactions daily and underpins the financial dreams of an entire continent.

Since its founding in 2015, Moniepoint has evolved into Africa’s largest distributor of financial services in Nigeria, with presence across all 774 local government areas. The company’s all-in-one financial ecosystem offering seamless payments, banking, credit, and business management solutions reflects a sophisticated understanding of what African businesses and individuals actually need to thrive.

The accolades have followed: recognition by TIME as one of the 100 Most Influential Companies in 2025, listing among CNBC’s top UK fintech firms, and ranking in the Financial Times’ Africa’s Fastest-Growing Companies for three consecutive years.

The Moniepoint story as an indigenously rooted but globally compliant player challenges prevailing narratives about where innovation must originate and what credentials are necessary for building transformative companies. Tosin and Felix’s success illustrates that Nigerian universities, when their graduates are empowered with vision, opportunity, and determination, can produce founders who don’t just participate in the global economy but reshape it.


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FIRS Declares NIN, CAC Numbers as Tax IDs from 2026

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Federal Inland Revenue Service (FIRS) has announced that the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) will automatically serve as the Tax Identification Number (Tax ID) for all Nigerian citizens, while registered businesses will use their Corporate Affairs Commission (CAC) registration numbers.

FIRS Declares NIN, CAC Numbers as Tax IDs from 2026

FIRS

The disclosure was made during a public awareness campaign on the new tax laws posted on X (formerly Twitter) on Monday.

According to the Service, the Nigeria Tax Administration Act (NTAA), which comes into force in January 2026, mandates the use of Tax IDs for certain financial and commercial transactions, including bank account ownership.

FIRS explained that the measure is part of efforts to unify all previously issued Tax Identification Numbers (TINs) by both the federal and state revenue services into a single identifier.

“For individuals, your NIN automatically serves as your Tax ID, while for registered companies, your CAC RC number is used. You do not need a physical card; the Tax ID is a unique number linked directly to your identity,” the Service stated.

The agency noted that the requirement has been in place since the Finance Act of 2019 but has now been strengthened under the NTAA to ensure compliance and ease of administration.

Officials emphasized that the reform would simplify tax processes, reduce duplication, and improve transparency in Nigeria’s tax system.

The Service added that the integration of NIN and CAC numbers into the tax framework would also enhance data accuracy, curb tax evasion, and streamline the monitoring of taxable activities across the country.

Tax experts have described the development as a significant step toward modernizing Nigeria’s revenue administration, noting that it aligns with global best practices where national identity systems are linked to tax compliance.

The FIRS urged Nigerians to ensure that their NINs and CAC registration details are up-to-date, stressing that the identifiers would be required for transactions such as property purchases, contract awards, and access to certain financial services once the NTAA takes effect


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