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Embracing Telecom Dynamics for Increased Access

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Pic: from Left from Row - David, Micheal, Benedict, Kachi , Jomiloju, From left back row-Noel,Chinedu,Chiamaka,Marovieno, Morinsola, Godwill, Inioluwa, Mofiyinfoluwa
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The explosion in technology which ushered in the information age has become the basis for defining power in the modern world.

It is a widely accepted fact that no modern economy can develop without an integral information technology.

 Consequently, the ability to easily access and share information and stimulate the creation of new ideas is viewed as essential to maintaining a strong economy and enhancing quality life of citizens.

Telecommunications networks are now making it possible for developing countries to participate in the world economy in ways that simply were not possible in the past.
Communications tools such as telephony, internet and broadband are increasingly critical to economic success and the citizen’s personal advancement.

The internet serves many functions – as virtual community, electorate marketplace, and information source/entertainment center, among others.

Through high speed internet, we can create new businesses or facilitate the delivery of basic services such as health, finance and education.

Available data from the International Telecommunications Union has shown that flows of international telephone traffic closely mirror the patterns of international trade. Indeed, variations in telephone traffic can be used as a leading indicator of national economic performance.

In agriculture, easier and faster access to up-to-date market and price information assists farmers and rural-based traders in their businesses.

Telecommunications can also deliver better access to information on improved seeds, availability of fertilizers, weather forecasting, pest control and other agricultural-related services.

Furthermore, telecommunications play an important role in politics and governance, by enhancing a government’s ability to provide security for its citizens, protect its borders and more efficiently handle civil emergencies and national disaster.

In turn, the citizens gain easier access to government and greater awareness of government programmes and activities. For instance, social media like facebook, twitter among others.

Traditionally, telecommunications had over the years been regarded as public utility provided by government.

However the need to improve services, encourage competition and attract private investment has led to the wave of privatization and sector liberation since the 80’s.

As at the beginning of 2008, nearly all countries in the world have either fully or partially privatized their incumbent operators and opened up the sector market liberalization.

 In African with 52 countries, this wave of market liberation has also seen Africa transform to an ICT enabled region, though a lot more needs to be done in the area of penetration of internet and broadband.

On a global level, there are about 150 countries that have established independent regulatory agencies (the ITU: Trends report).

The advances in the last twenty years notwithstanding, in number of countries in Africa, the incumbent operators still retain very strong control of certain segments of the market showing the growth in those markets.

These incumbents are quite often, protected unnecessarily, thereby limiting competition, privatization and commercialization

In some cases where the incumbents have been partly privatized, the selected partners could be those with links in government circles who would be in a position to leverage such connections in influencing delays in opening up of the markets to competition.

In few African nations, exclusivity for the incumbents has been known to have been negotiated for upwards of 10 to 15yeas for example in the Fixed line Networks and International gateway services.

 It is advised that where exclusivity still exists for the incumbents, such exclusivity should only be considered if it is for a number of service providers (at least two) so as to provide choice and encourage optimal investments while ensuring that competition exist.
 
Expectations
The rapid progress made in the telecom industry in the past 11 years in Africa has largely been as a result of the liberalized market, but even in a liberalized environment, government still has a vital role to play in growing the nation’s telecommunications infrastructure and ensuring a competitive environment that will reduce prices and make services more available and affordable.

Government best serves the industry through the establishment of strong regulatory institutions. The regulator’s role is to encourage competition, remove barriers to market entry, oversee interconnection of new operators with incumbents, monitor tariffs and quality of service, protect consumer rights and ensure the provision of telephone services for all.

Africa’s immediate requirement for local access to the telephone network is enormous and the required capital and time investment needed to compete is still huge.

Market reform has helped to accelerate investment flow into this vital sector, resulting in rapid roll out of networks, but we still require optic fiber highways within and between African nations.

The rapid rate of deployment means faster access to telecommunications facilities and consequently faster pace of national economic development and growth.

The Regulator is also today faced with the challenge of keeping pace with technological developments.

According to Ernest Ndukwe, immediate past executive vice chairman, Nigerian Communications Commission (NCC), “convergence is changing businesses, equipment and services we have been accustomed to, in their place new companies, technologies, equipment and services are emerging”.

New challenges are also arising from these rapid changes. Therefore, new skill in multi-sector, multi-technology regulations will be needed. Security issues have assumed new dimension, with growing incidence of Cybercrime, identity theft, among others. Laws would therefore need to be upgraded to cover new areas such as electronic transactions, e-commercial and cyber security, and so on”.

Indeed privacy of transaction is constantly being threatened and the same consumers that are to benefit from the new technologies and services will be demanding even more protection from the Regulators.

Telecommunications is an essential infrastructure of the information economy and therefore countries that lack sufficient access to modern telecommunications networks, will find it difficult to be effectively integrated into the global economy.

The role of the regulator is critical to the attainment of the goal of an equitable and socially inclusive information society.


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NiDCOM Launches Diaspora Startup Challenge to Boost Nigerian Talent

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The Nigerians in Diaspora Commission (NiDCOM) has sought to harness the innovation and expertise of Nigerians across the globe with the launch of the Connected Diaspora x DOWA Start-Up Challenge and the Connected Diaspora Flagship Event 2025.

Speaking at a news conference in Lagos, Abike Dabiri-Erewa, Chairman/CEO of NiDCOM, described the initiatives as timely and transformative, noting that they are strategically designed to tap into the creativity, enterprise and professional strength of Nigerians in the diaspora.

She said the Start-Up Challenge, themed “Building, Breaking and Believing in Nigeria,” aims to energise innovators abroad by promoting knowledge transfer, enterprise development and strategic investment to support Nigeria’s rapidly expanding economy.

According to a statement by NiDCOM, the challenge, which offers cash prizes of up to ₦1 million, is targeted at spotlighting exceptional ideas and supporting impactful ventures created by Nigerians living overseas.

According to Dabiri-Erewa, the initiative aligns with the Federal Government’s overarching goal of engaging the diaspora community as key partners in national progress.

She further announced that the Connected Diaspora Flagship Event will take place on December 19, 2025, in Lagos, and will bring together entrepreneurs, policymakers, investors, technology leaders and strategic partners for critical discussions on Nigeria’s future.

Kadiri Hamzat, Deputy Governor of Lagos State, will serve as the Special Guest of Honour and is expected to speak on the importance of collaboration between government and the diaspora in accelerating development.

NiDCOM also revealed that notable contributors from the global diaspora community and Nigeria’s entrepreneurship ecosystem will enrich the sessions and help shape new pathways for meaningful engagement.

Dabiri-Erewa said their support remains invaluable in driving the success of the initiative. She emphasized that their continued collaboration helps unlock the potential of Nigeria’s global talent pool and fosters sustainable economic growth.

The Commission called on stakeholders across both the public and private sectors to support the initiative, stressing that the opportunities for innovation, collaboration and nation-building are immense.

NiDCOM urged young Nigerians and diaspora returnees to participate actively in the Start-Up Challenge, reminding them that entries close on December 12, 2025.

The December event will also feature a Diaspora Talent Career and Internship Fair, aimed at connecting diaspora returnees with internship opportunities offered by DOWA partner organisations.

NiDCOM said the fair will further strengthen talent exchange and deepen the country’s development capacity.

The programme timeline includes the opening of applications for the Start-Up Challenge from November 18 to December 12, followed by public voting on Instagram from December 13 to 17.

The winner will be announced on December 18, ahead of the final presentation at the JK Randle Centre in Lagos on December 19.

NiDCOM encouraged interested participants to follow the provided registration details and take advantage of the platform created to connect, innovate and contribute to national advancement.


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PromoPrint Rekindles Nigerian Resilience @ 25th Anniversary

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L-r; Dr. Chukwuka Monye, Founder, Ciuci Consulting; Mrs. Bola Adesola, Chairman, Ecobank Nigeria; Mrs. Patricia Ojora, CEO PromoPrint Ventures Ltd and Mr Jonny Baxter, British Deputy High Commisioner at the 25th anniversary of PromoPrint Ventures held in Lagos recently.
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Indigenous printing company, PromoPrint Ventures Ltd, celebrated 25 years of operations in the country on Tuesday 2nd December, at an event held at the Lagos Motor Boat Club in Lagos.

The evening saw business executives, clients and stakeholders in the printing space gathered to attest to the dexterity and Nigerian resilience demonstrated by Mrs. Patricia Ojora, the Founder and Chief Executive of the company in sustaining the growth of PromoPrint over the last 25 years.

Amongst many things on display that evening were PromoPrints very first t-shirt printed in the year 2000. Guests also cheerfully adorned custom-made patterns done by Promoprint on our indigenous cotton fabric (Funtau).

In her opening remarks, Mrs. Patricia Ojora recalled the past 25 years of operation in Nigeria at the helm of PromoPrint. While not easy, she says:

“We’ve been able to do it and we enjoy it. There’s nothing better than creation. To create something from nothing and do it so well, it’s a passion for me. It’s something that I really, value.  I’m a great supporter of Nigeria, so I believe that we should be able to do things well in Nigeria. We don’t need to always import, that’s why we’re doing this today, to be able to collaborate with people. Most of the people here are people we’ve collaborated with and have worked hard to build Nigeria back up”.

She recounts how she was able to change the narrative of many Nigerians that were printing outside of the country who are now printing with PromoPrint Ventures. “People used to print outside the country because they didn’t trust the quality that was here in Nigeria,” Patricia explains with an understanding that “we can produce good quality here within Nigeria.”

The company is a one-stop shop for all things printing with all operations happening in-house, from the expertise of crafting graphics and garment production to the t-shirts, roller banners, corporate gifts and more being rolled out on a daily basis. “What we are selling is peace of mind in a chaotic place.” Patricia says, with nearly three decades of successful operations and collaboration under her belt.

Significantly, she makes sure the company remains primed for the future, using AI and the like to remain progressive in strategy and implementation. Patricia proudly states, “Our automated printing carousel can churn out 10,000 tees a day if needed and our many corporate clients can attest to this.”

In attendance was Atedo Peterside (CON), Founder, Stanbic IBTC Bank Plc, one of many guests in the room who spoke to PromoPrints impact. “There’s something about longevity,” he shares with the crowd, “If you’ve kept the business going for 10 years, I always tell people, it means you’re doing something right. If you get it going for 20 years, you’re doing something very correct. Patricia must be doing something phenomenally right and it’s my sincere hope that she keeps it going, keep building, keep innovating.”

“Patricia can create almost everything,” Peterside remarks, “she has the courage, audacity and the commitment.”

Mrs. Ibukun Awosika, Nigerian businesswoman and the first female Chairperson of First Bank of Nigeria, contextualises the tenacity of Patricia’s efforts rather well. She reminds the room that “when you think of how many big multinationals who have so much that protects them, who have a lot of support systems internationally and locally, who gave up on Nigerian manufacturing, then you have to go back and think about those of us like Patricia.”

Even after 25 years, Nigeria remains in need of more Entrepreneurs, particularly those like Patricia, to boost the SME and manufacturing industry in the country despite the odds. “She didn’t give up,” Awosika says in admiration.

“What is key is that, when we celebrate the likes of Patricia and her company, we know without a doubt that it’s not just because they want to have a celebration. It’s because, in truth, the Nigerian entrepreneur is a star, and even more so, the Nigerian manufacturer.” Awosika concludes.

So, we celebrate Mrs. Ojora and her PPV entire team, and all that has gone into 25 years of hard work, commitment, creativity, we also recognise the passion that does not allow you to give up on the vision, the commitment to not only creating jobs for other Nigerians but creating value within Nigeria. The commitment to innovating a solution for every challenge and every situation. Indeed, it was a worthy celebration.


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Optimus AI LABS CEO Showcases AI Breakthroughs in Nigeria’s Financial Sector

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Mr. Lanre Basamta, Chief Executive Officer and Co-Founder of Optimus AI LABS, has unveiled a suite of artificial intelligence innovations poised to transform Nigeria’s financial services industry, aligning with recent Central Bank of Nigeria (CBN) directives on consumer protection and fraud prevention.

Optimus AI LABS CEO Showcases AI Breakthroughs in Nigeria’s Financial Sector

Mr. Lanre Basamta, Chief Executive Officer and Co-Founder of Optimus AI LABS

Basamta, speaking at a media parley in Lagos, said the company’s flagship product, Omnis, is redefining customer engagement in banking by serving as a virtual assistant embedded within mobile applications.

According to him, the platform is capable of analyzing customer behavior to recommend tailored financial products, effectively functioning as a “digital salesperson” that boosts bank revenues while enhancing customer experience.

He noted that Optimus AI LABS, which began as a modest startup targeting small businesses such as schools, has now identified greater opportunities in serving banks, fintechs, and microfinance institutions.

“The financial sector presents the biggest opportunity for AI to deliver value at scale,” Basamta said.

In response to rising fraud concerns and new CBN regulations mandating resolution of fraud cases within 14 days, Basamta highlighted the company’s AI-powered support platform designed to address customer frustrations over delayed assistance.

The system, he explained, interacts naturally with users, resolves issues promptly, and escalates unresolved cases, thereby strengthening compliance and improving customer satisfaction.

Basamta also recounted the firm’s global expansion, citing its work with Canadian clients, including the development of a dental learning environment for a major dental group.

He said this international footprint demonstrates Nigeria’s capacity to compete globally through homegrown innovation.

Reflecting on the company’s relocation into office space formerly occupied by KUDA, a fast-rising Nigerian fintech, Basamta expressed optimism that Optimus AI LABS is on a similar trajectory toward scaling into a major industry player.

He emphasized that the company’s growth would contribute not only to technological advancement but also to national development.

Basamta concluded by appreciating partners and stakeholders, stressing that “big things can emerge from small beginnings when powered by AI’s transformative capabilities.”


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