Telecom
Ericsson says Connecting Schools has the Potential to Boost GDP by up to 20 percent in the Least Connected Nations

An Economist Intelligence Unit (EIU) report sponsored by Ericsson has found that nations with low broadband connectivity have the potential to realize an increase in GDP by up to 20 percent by connecting schools to the internet.
A well-educated workforce is more likely to be innovative and foster ground-breaking ideas, leading to economic development and job creation. EIU analysis shows that for every 10 percent increase in school connectivity in a country, GDP per capita could increase by 1.1 percent.
In the context of the West African country of Niger, the report finds that improvements in school connectivity to Finnish levels could increase GDP per capita by almost 20 percent – from USD 550 per person in the baseline, to USD 660 per person by 2025.
The report focuses on four key actions to make a change:
- Collaboration is key: A holistic, public/private partnership strategy is needed to coordinate efforts with stakeholders to overcome barriers to school connectivity.
- Accessibility and affordability: Building infrastructure to enable access to the internet is a starting point. Quality of connection and cost are important factors as well.
- Embedding internet and digital tools into education: Once access to school connectivity is achieved, it must be embedded into the curriculum. Teachers must be trained to integrate technology into everyday learning.
- Protecting children online: School connectivity provides opportunities for children. Additional steps must be taken to ensure healthy and protected online learning environments. Internet usage must be properly managed to ensure safe and secure use..
The report also recommends that public, private and NGO sector leaders around the world can make a dramatic impact towards bridging the digital divide by joining forces to make internet connectivity a global reality for school children of all ages.
As a result, Ericsson today appeals to these players to get behind the efforts of Giga (a school connectivity initiative founded by UNICEF and the International Telecommunication Union) through actions such as: funding, data sharing, technological expertise and reimagining sustainable business models for connectivity. Ericsson has committed its efforts through a three-year partnership with UNICEF to help map the current school connectivity gap across 35 countries.
The Ericsson-backed EIU report – Connecting Learners: Narrowing the Educational Divide – has reinforced the company’s belief that the ambitious goal of Giga, to connect all schools and their surrounding communities by 2030 is achievable.
Heather Johnson, Vice President of Sustainability and Corporate Responsibility, Ericsson, says: “When Giga was announced, we immediately understood the positive impact it could deliver – bridging the digital divide between and within countries, to give children the world over the opportunity of bright and rewarding futures.”
She adds: “The report makes it clear that partnership between business leaders, public sector leaders and NGOs can take effective action to address this issue and significantly impact lives. Every player in these sectors, no matter how big or small, can make a difference. We encourage stakeholders to read the report and more importantly join the Giga initiative to help realize this important goal.”
Charlotte Petri-Gornitzka, UNICEF Deputy Executive Director, Partnerships, says: “Together, we’re mapping schools around the world to identify connectivity gaps in communities. It’s key that we collaborate across sectors to connect schools and provide quality digital learning, so every child and young person can leapfrog to a brighter future.”
The report
The EIU report shows how school connectivity can lead to improved educational outcomes and enhanced career opportunities for children. Resulting in higher economic activity and community growth.
The report finds that these individual-level benefits for children have a snowball effect leading to higher incomes, better health, and improved overall wellbeing. The benefits can extend beyond children, supporting wider community development and economic growth.
Other potential school connectivity benefits highlighted by the report include:
- Increasing quality of education
- Creating a more productive workforce that fosters innovation and ground-breaking ideas
- Job creation
- Community development
- Driving economic growth and development
Telecom
Anambra Deepens Digital Reforms, Eyes Top Ranking in Ease of Doing Business

From Angela Nwanodu
Anambra State has reaffirmed its commitment to building a tech-driven and business friendly environment.
The State Government led by His Excellency, Prof. Charles Chukwuma Soludo, CFR reiterated the commitment at the maiden State Action on Business Enabling Reforms (SABER) technical session and statewide town hall meeting on Tuesday, July 8, 2025, held at the International Conference Center, Awka.
The event formed part of the nationwide tour by the Presidential Enabling Business Environment Council (PEBEC), bringing federal reform champions face-to-face with state officials, private sector leaders, and the business community.
In his remarks, Governor Soludo who was represented by the Deputy Governor, Dr. Onyeka Ibezim, welcomed the PEBEC team and stakeholders, describing the session as timely and essential.
He stressed that Anambra’s business reforms are deliberate and data-driven, echoing Governor Charles Chukwuma Soludo CFR’s belief that “if you can’t measure it, you can’t improve it.”
Governor Soludo reaffirmed that although Anambra currently ranks 7th nationally and leads the South East on ease of doing business, the state views reforms as an ongoing, measurable process grounded in technology, planning, and accountability.
Princess Zahra Mustapha Audu, DG of PEBEC, in her goodwill remarks delivered via video, described the SABER programme, a $750 million World Bank-supported initiative, as a transformative partnership co-designed to help states implement global standards and create easier, more transparent business environments.
She stressed that while designing reforms matters, real impact comes from effectively implementing them, with states as the true engines of economic growth.
The State Commissioner for Budget and Economic Planning, Mrs. Chiamaka Nnake, in her opening remarks, emphasized that with over 98% of Anambra’s wealth held by the private sector, government reforms must be deliberate and responsive.
She noted that under Governor Soludo’s leadership, Anambra has remained intentional about ensuring businesses face fewer obstacles and enjoy a competitive edge.
During the technical session, PEBEC reform leaders Ohiemi Gabriel, Ifeanyi Icheke, and Oluwatofunmi Odunladi commended Anambra’s reform champions for their consistent efforts in reporting, as well as the state government’s resolve which earned the state 7th place nationally and first in the South East in 2021 and 2023.
They encouraged Anambra to deepen its reforms ahead of the next ranking in December 2025, which will spotlight top-performing states and most improved states, alongside tailored recommendations for investors.
The highlight of the event was the panel discussion and town hall meeting anchored by the PEBEC team, featuring members of the State Executive Council as panelists, including the MD/CEO of the Anambra State ICT Agency, Chukwuemeka Fred Agbata, CFA; Commissioners for Industry, Lands, Power and Water Resources; MD of ANSIPPA; and MD of ASBA.
During this session, panelists discussed how technology is central to Anambra’s reform agenda. They spotlighted initiatives like the ANAMGIS (Anambra Geographic Information System), which digitizes land processes; the Grievance Redress Mechanism that swiftly addresses investor concerns; the adoption of the .anambrastate.gov.ng domain to standardize official digital communications and strengthen trust in government services; and the ongoing expansion of fiber ducts to enable 5G connectivity, all reflecting the administration’s “Everything Technology, Technology Everywhere” vision.
The conversation also highlighted Solution Lens, a civic engagement platform designed to deepen citizen participation and transparency by allowing residents to track and report on government projects across the state.
Together with strategic projects like road constructions which are deliberate efforts by Governor Soludo to inter- connect Anambra State for easy moving round in doing business.
These reforms aim to enhance transparency, and position Anambra as a smarter, investor-friendly state
As Anambra prepares for the next PEBEC evaluation, government and stakeholders reiterated their resolve to keep reforms measurable, digital-led, and investor-focused
With technology and intentional governance at its heart, Anambra State is strengthening its position as a modern hub where businesses can invest, scale, and thrive.
Telecom
MTN’s Karl Toriola and Business Leaders Champion Corporate Climate Reform

In a defining step toward sustainable transformation, Nigeria has officially joined the global Climate Governance Initiative (CGI), a platform empowering corporate board members to take decisive climate action.

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The initiative’s virtual launch drew a dynamic mix of leaders—former ambassadors, government officials, business executives, and climate advocates from across Africa and beyond.
Dr. Myma Belo-Osagie, Chair of the CGI Nigeria Advisory Board, welcomed attendees with a call to reimagine corporate leadership: climate risks, she noted, should no longer be treated as external issues—they must be integrated into strategic decision-making. She pointed to green finance, regenerative agriculture, and circular business models as key areas of opportunity.
Echoing that sentiment, MTN Nigeria CEO, Dr. Karl Toriola, warned that climate challenges already influence everything from access to capital to long-term competitiveness. “Climate risk directly affects our bottom line. It’s no longer optional to care—it’s necessary,” he said.
Toriola detailed how MTN has embedded climate governance at the core of its operations. From energy-efficient innovations like solar-powered towers and motion-sensor lighting to a nationwide battery and device recycling program, MTN is actively reducing its environmental footprint. Crucially, all executive performance indicators now include sustainability goals—with incentives tied to measurable impact.
He didn’t shy away from the hard truth: genuine climate progress will require sacrifice. “You can’t make an omelet without breaking eggs,” he said, urging corporate leaders to prioritize climate resilience even when it’s inconvenient or costly.
As CGI Nigeria joins a growing global network of corporate climate advocates, the message is clear—business leadership must go beyond profit to steward environmental accountability. From the boardroom to rural infrastructure, Nigeria’s private sector has a pivotal role in shaping a more sustainable future.
Telecom
Save & Win: FCMB Promo Makes 12 Millionaires, Over 3,000 Winners

First City Monument Bank (FCMB) has rewarded 3,016 customers in Season 10 of its ongoing Millionaire Promo. So far, 12 customers have won the top prize of ₦1 million each, while 3,004 others have received different cash rewards.
The winners were selected through electronic draws held between January and June, ensuring broad participation. The promo is open to new and existing savings account holders and ends in September.
During the fifth draw held on June 17, four additional customers won the star prize of ₦1 million each, with 112 others also receiving cash prizes. The latest millionaires include Ranti Badmos from Lagos, Wilson Onoezikome in Kaduna, Esther Obafemi in Ijebu-Ode, Ogun State, and Israel Oruma in Asaba, Delta State.
Israel Oruma, a timber merchant, expressed his delight at winning, saying the prize would significantly support his business.
“This is a pleasant surprise. I have been facing financial challenges recently. The ₦1 million will go a long way in assisting me. I’m investing it in my business and will encourage all my staff, family, and friends to open an account with the Bank. Thank you, FCMB.”
Adetunji Lamidi, Divisional Head of Personal Banking at FCMB, said the Millionaire Promo reflects the bank’s broader mission to enable financial security and opportunity for everyday Nigerians.
“At a time when many are facing economic pressure, savings-driven initiatives like this shift the focus from getting by to making progress. It gives people a reason to save, rewards loyalty, and shows that banking helps create real-life impact.”
Speaking on the integrity of the selection process, Oyinkan Kusamotu, Principal Legal Officer at the Lagos State Lottery and Gaming Authority, stated: “It’s great to witness FCMB’s commitment to compliance, fairness, and transparency throughout the draw process, which builds trust with customers and stakeholders.”
To qualify for Season 10 of the FCMB Millionaire Promo, customers must increase their account balance by at least ₦10,000 and maintain it for 30 days to enter the monthly and seasonal draws. Each additional ₦10,000 saved increases the customer’s chances of winning. Dormant or inactive account holders can also participate by reactivating their accounts. Draws are held nationwide, giving everyone a fair opportunity to win.
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