General News
Engineers Are Key Actors – Omo-Ettu
Titi Omo-Ettu has been variously described in many kind words but the fact remains that he is an exemplary telecommunications engineer and consultant.
He believes in the power of ICT education at all levels prompting him to set up Telecom Answers Associates Ltd since 1991 and The Executive Cyberschuul, Nigeria’s Premier Institute for executive training in Telecommunications Management and Information Technology in 2001.
Omo-Ettu is a member of many professional associations and well sought after speaker in many international fora. He spoke to Emeka Okafor
Manpower Shortage in Telecoms Sector
Well, to the extent that I have been instrumental to many of the methods we have used, I think government still needs to look at it again. Don’t forget that our original recommendation in the telecommunications policy of 1998 was that government should establish training institutes. Later on, I changed my mind and felt government should create a condition under which private people will establish training institutes because I know that government establishing institutes would not help us; government may not just do it right. I know Nigerians are vibrant and whenever there is opportunity for them to invest in, they will do that but government has to try to create the enabling environment for them to do it very well. The aspect I have canvassed for which I have also participated in is the aspect of retraining the existing personnel that our universities are producing. We are not lacking numbers but relevance of our graduates to the field. Our graduates are not dunces. They are brilliant and we are good at learning but it is just that the content of our training needs re-orientation to make it relevant to the field so that immediately they leave school, they are relevant. It is the responsibility of government to train the minds of industry workers and not the responsibility of employers to train their employees. The minds of the industry workers contribute to the development of the country. Their employers are interested in their profits. An employer trains his staff specifically for what he wants him to do for him so that he makes profit, which is his goal. He is not a patriot. He is not living because of Nigeria but he is making his money in Nigeria. Now that government has set up an institution: Digital Bridge Institute (DBI), they will know the difficulty they have gone through in getting the institute in place. Industry people have their own way of training their staff but some of us have found out that those ways may not be good for the country even though they may be good for them as companies. Government must be interested in what they do for the country. I give you an example, a man trains his own staff to be able to do his own job but when it comes to developing the technology of what he is using, he does not think the people here deserve to go to that level. He now goes overseas to produce the technology and brings it down here for Nigerians to oil the machine and I say, no country will ever grow by just oiling the machine. We also should be part of development and government should show some interest in that.
Cyberschuul & Training
What Cyberschuul does is to retrain those that have gone to school. We are retraining people but we try to confine it to engineers and allied professionals; computerists, physicists – those who studied sciences in school because they are easy for us to manage. Those who did not study sciences in school also participate and they do some of the things these engineers do. Some of them work in customer service centers which engineers also work in but there is a point where everybody stops and the engineer continues. In our training, we try to concentrate on engineers. But that does not mean that only engineers are needed in telecoms. They are the principal actors in the field of telecoms but there is nobody who is not needed in the industry as far as the duty of that person is relevant. I believe retraining should continue. We participate in some little training of non-engineers. If other people take so many other aspects, I think we will see improvement but government have to be involved too. I am interested in the developmental and not in the growth aspect of telecoms. Growth is when you have number of lines increasing but there is another aspect of it that Nigerians do not know. The most critical things are being done by Nigerians. I am interested in that and I want Nigerians to do that.
ICT Policy Direction
Do not forget that the rate at which technology is changing is making nonsense of forecasts. Some of the things that are happening now were never forecasted. They have been beating us. The only thing we can forecast rightly is change. The existing ICT policy has to be less windy. What I see in our policy is that we talk too much. We try to think that we can forecast everything that will happen whereas it is more difficult to forecast under IT; so it is better for us to just leave our imagination wide and appreciate that we cannot say everything. We try to say everything in policymaking but it is wrong. We should assume that those who are going to operate the policy also have the intellectual capability to take decisions. We tend to be taking decisions inside policy but decisions are never taken inside policies. It is the future that describes policies but we try to describe what will happen and that is what makes our policy very large and too slow because having been prescribed, anything one does outside of that prescription is considered anti-policy whereas we need to do it to move forward. So those are the things I would like to see changed. The strategy we use in writing policy should be changed. It is not much of content default but strategy default.
Quality of Service by Telecom Operators
If what you call quality of service is to use telephone to get another person, yes there has been an improvement. But as an engineer, I look at quality of service beyond that. Quality of service is actually an engineering quantity. The quality is still not good but it is better than the time when we were crying. We started crying about first quarter of 2007. Some of us had seen the issue in the last quarter of 2006. We had seen some parameters that indicated that things were bad but those we saw were not measured because we were not in a position to measure them. But because we are engineers, even if you do not measure them, we can feel them. There are some things as an engineer I can appreciate which an ordinary person may not be able to appreciate because he is not one. But because I am not on duty I cannot measure or say those things are actual. If I want to say QoS is good or not, I have to go to the switch of an operating company and take measurement to know whether it is good or bad. An ordinary person may not know if quality of service of an operating company is bad as he may be making uninterrupted calls even when the quality is 42 percent against 65 percent which may be the acceptable standard and even at that, I may say the quality is bad. The regulator will need to take critical measurements from time to time which I know they have started doing. I commend NCC for doing something about it.
High Tariff Charged by Operators
When you go to any economy, you make your tariff to reflect the earnings of people in that economy. The tariff in Nigeria does not reflect the true earnings of Nigerians. Somebody is earning N7, 500 a month, he cannot use telephone. He must be deceiving himself if he is using a telephone. All of them are carrying telephones about but they are not using them; they are not communicating. There is the law of economy of number. We should have been paying less than other people because of our population, but we are paying more than other telephone users in other countries. My position is that the tariff charged here is too high and I think it is unfair. What may be happening is that they are ripping us off and I think somebody should be interested. They are ripping us off even in labour relations. Workers for some of these telecom companies are not well compensated the way the companies are compensating themselves as investors. However, Nigerians are happy because it is better than the way it was before.
Vandalization of Telecoms Equipment
It is not only telecom equipment that are being vandalized, it is just that Nigerians are frustrated and this frustration manifests through various means. The people up there are stealing things they do not need. When you hear the money some of them are stealing, you will wonder what they want to do with it. Somebody who is a civil servant is stealing N300 million; you wonder what he is doing with that amount and why he still remains in the civil service. He is stealing money that he does not need because there is nowhere he will spend that money as a civil servant. So when they are stealing what they do not need up there, the people out there will also want to do same. Some of the things they steal, do you think they need them? Somebody going to cut optic fibre cable, what do you think he wants to do with it? It is because he is angry. He is at the society. I think the leadership needs to be restructured and operators should not use that as a reason to begin to continue to rip us off. Anybody who is ripping off will find a reason to justify his action. I do not want to take those reasons. People come to my house to vandalize and I do not tell it to anybody. So they should stop telling us stories about vandalization. When something goes wrong, we should find solution to it and not allow people to occupy us with baseless assignments while they are ripping us off. Those stealing those generators may be some of their workers who were frustrated out of the system.
e–Learning Programme in Nigeria
First of all, I want people to get the definition of e-learning. I see a lot of deceit going on particularly on the platform of government. We started campaigning for IT awareness and did a lot of work on that. I did a lot on the platform as a Nitel engineer and also as a private person on my own business. The mistake we made was not being clear on what we wanted. For example, we said people should be made IT literate but our own children do not know how to type. That is where IT literacy should start. People should know how to type even from primary school. You do not start learning programming before you know how to type. The way to resolve this is to build structures that we can sustain. In any society, society is not looking for good people but good system. A good system is one in which bad people cannot operate. So, when the international society is looking at us, they are looking at our structures and system. When they say we are corrupt, it is because we do not have structures that are contesting corruption. The structures to arrest and deal with corruption are not there. There is corruption everywhere even in the United States but over there, there are structures to arrest even the biggest crooks. I think the way to improve e-learning just as many other things, is to build structures of IT systems that make our trainees functional. This is in the sense that if you are trained in computer or telecommunications, you should know your scruples within the system.
General News
FirstCap Acts as Joint Issuing House on Veritasi Homes & Properties Plc’s ₦30 Billion Bond Programme

FirstCap Limited, a premier investment banking business and a wholly owned subsidiary of FirstHoldCo Plc, acted as Joint Issuing House and Placing Agent on the Veritasi Homes & Properties Plc’s Series 1 Bond of ₦10 billion under its ₦30 billion Bond Programme duly registered with the Securities and Exchange Commission (SEC).

The Bond Programme is designed to support the development of Project Oyster Towers, located within Eko Atlantic City. Proceeds from the Series 1 Bond issuance are expected to be applied towards the construction of 30 luxury residential units, forming part of an 82-unit residential development comprising one-bedroom, two-bedroom, and three-bedroom apartments.
Veritasi Homes & Properties Plc is an indigenous real estate development company with operations across Lagos State and the Federal Capital Territory, Abuja, and a growing track record in the delivery of residential real estate projects in Nigeria.
Commenting on the transaction, Ukandu E. Ukandu, Managing Director/Chief Executive Officer of FirstCap Limited, stated:
“We are proud to partner with Veritasi Homes & Properties Plc on this important transaction. The establishment of the ₦30 billion Bond Programme reflects our commitment to mobilising capital for the real estate sector, which remains a key driver of Nigeria’s economic growth. Project Oyster Towers exemplifies the future of luxury and sustainable living in Nigeria, and this transaction reinforces FirstCap’s role as a trusted advisor in major corporate finance initiatives.”
FirstCap’s involvement in the Bond Programme further reinforces our dedication to supporting the growth of the Nigeria’s real estate sector. The successful execution of this transaction highlights the depth of expertise within our capital markets team and our role in supporting issuers in accessing long-term funding solutions aligned with their strategic objectives.
By continuing to connect capital providers with high-impact infrastructure projects such as Project Oyster Towers, we remain committed to driving economic development and delivering long-term value for all stakeholders, Ukandu added.
General News
NITDA DG Calls for Innovation-Led Economic Rebirth @ Kano Startup Weekend

Kashifu Inuwa, the Director General of the National Information Technology Development Agency (NITDA), has called for a fundamental shift in Kano State’s economic strategy, urging stakeholders to embrace innovation, technology and collaboration as the drivers of growth in the 21st century.

Speaking at the Kano Startup Weekend, Inuwa acknowledge Kano’s long-standing reputation as the commercial nerve centre of Northern Nigeria and the wider Sahelian region, noting that its history of trade, enterprise and human capital provides a solid foundation for future growth.
He emphasised that while these strengths powered Kano’s success for centuries, the modern economy now offers even greater opportunities through innovation and technology.
He described innovation as the process of transforming ideas into impactful solutions through commercialization, stressing that when ideas are effectively deployed, they create value, solve societal challenges and generate sustainable economic growth. He noted that Kano’s large market, strategic location and vibrant entrepreneurial culture place it in a strong position to take advantage of innovation-driven opportunities.
According to him, “Innovation is the process of taking an idea from inception to impact. Invention on its own is a cost centre, but when you commercialise an idea, when you turn it into a product or service that solves a real problem and creates value, that is when you begin to drive economic growth and inclusion.”
He noted that the state hosts numerous degree-awarding institutions across federal, state and private ownership, providing a strong base for human capital development. However, he expressed concern that these institutions often operate in isolation from industry, with research outputs rarely translating into commercial or industrial applications.
He explained that innovation does not happen in silos and stressed the need for a strong, interconnected ecosystem that brings together academia, industry, startups, entrepreneurs and government.
According to him, universities should conduct research informed by industry needs, industries should leverage research to improve productivity and competitiveness, and startups should serve as the bridge that converts ideas into market-ready solutions.
He further encouraged entrepreneurs to leverage technology to build businesses that can grow beyond local markets, explaining that innovation-driven enterprises have the power to scale rapidly, create jobs and position Kano competitively at both national and global levels. According to him, digital platforms and emerging technologies now make it easier for startups to reach wider markets and develop solutions that were previously unimaginable.
“You can start your business here in Kano, but your thinking must be global from day one. Technology has removed barriers. With the right skills and platforms, a startup in Kano can build solutions that serve not just Nigeria, but the world,” he noted.
Highlighting NITDA’s ongoing interventions, the Director General outlined the Agency’s commitment to building national innovation capacity through targeted human capital development programmes. He cited the Digital Literacy for All (DL4ALL) initiative, which aims to equip Nigerians across all segments of society with essential digital skills, and the 3 Million Technical Talents (3MTT) programme, designed to produce a pipeline of globally competitive technical professionals in areas such as software development, data analysis and emerging technologies.
He said, “Through DL4ALL, we are ensuring that Nigerians at all levels have the basic digital skills needed to participate in the digital economy, while 3MTT is deliberately building a pipeline of globally competitive technical talents who can drive innovation, create jobs and attract investment.”
He explained that these programmes are key pillars of President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises skills development, innovation, job creation and inclusive economic growth as pathways to national prosperity. According to him, empowering Nigerians with digital and technical skills is essential for building a resilient economy capable of competing in the global digital landscape.
“President Tinubu’s Renewed Hope Agenda is about investing in people, empowering them with relevant skills and creating opportunities for inclusive growth. At NITDA, we are using digital skills and innovation as tools to translate that vision into real economic impact for Nigerians,” he said.
Inuwa urged all stakeholders in Kano to work together to build a functional innovation ecosystem that can unlock the state’s vast potential. He expressed confidence that with the right mindset, strong collaboration and sustained investment in digital skills and innovation, Kano can reclaim its historic leadership role and emerge as a major innovation and entrepreneurship hub in Nigeria and beyond.
General News
Sterling Bank Renewable Energy Colloquium Urges Stakeholders to Unlock Nigeria’s Clean Energy Potential

Sterling Bank Limited on Monday convened stakeholders in the renewable energy industry to explore strategies for accelerating Nigeria’s transition to clean energy and boosting economic growth.

L-R: Mr. Ayo Ademilua, President, Renewable Energy Association of Nigeria; Dr. Jekwu Ozoemene, Group Executive, The Alternative Bank; Mr. Biodun Ogunleye, The Honourable Commissioner, Lagos State Ministry of Energy and Mineral Resources; Mr. Dele Faseemo, Group Executive, Coprporate and Investment Banking, Sterling Bank; Engr. Bem Samuel Anyangeuor, Representative, Honorable Minister of Power and Mr. Oluwaseyi Okunnuga, Group Head, Renewable Energy & Sustainability Finance, Sterling Bank at the just concluded Renewable Energy Colloquium held in Lagos recently.
The colloquium, themed “Beyond the Grid: Unlocking New Frontiers in Renewable Energy”, was held in Lagos and brought together policymakers, financiers, and industry leaders to deliberate on priority areas for action.
In his opening address, Managing Director and Chief Executive Officer of Sterling Bank, Mr. Abubakar Suleiman, represented by Mr. Dele Faseemo, Group Executive, Corporate and Investment Banking, said the bank would focus on regulation and financing to expand access to energy.
He noted that energy access remained critical to supporting economic growth and achieving Nigeria’s ambition of building a one trillion-dollar economy.
Delivering a keynote address titled “Scaling Electrification in Nigeria: The REA Impact”, Managing Director of the Rural Electrification Agency (REA), Dr. Abba Aliyu, represented by Mr. Abba Hayatudden, said Nigeria required about 26 billion dollars to bridge its energy deficit.
Aliyu explained that the energy transition strategy integrates grid, mini-grid and off-grid technologies to achieve universal, reliable and sustainable energy access while aligning with national development and climate goals.
Minister of Power, Mr. Adebayo Adelabu, represented by Engineer Samuel Ayangeaor, commended Sterling Bank for convening the dialogue.
He said renewable energy and rural electrification were central to the Federal Government’s Renewed Hope Agenda.
“The Ministry of Power has continued to expand electricity access to underserved communities to drive economic growth, foster industrial activity and create jobs across the nation,” Adelabu said.
Lagos State Commissioner for Energy and Mineral Resources, Mr. Biodun Ogunleye, highlighted the state’s efforts in renewable energy, including the ongoing two-gigawatt grid-scale solar project.
He described it as the most ambitious energy transformation ever undertaken by the state.
Chief Executive Officer of Sterling One Foundation, Mrs. Olapeju Ibekwe, urged participants to move beyond communiqués and act with intention to deliver meaningful impact.
The colloquium featured panel sessions on financing and scaling green energy solutions in Africa, among other discussions.
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