General News
IXPN Rallies Stakeholders on Border Gateway Protocol
Attendees in a recent capacity building on Border Gateway Protocol (BGP) organized by the Internet Exchange Point of Nigeria (IXPN) for its member organizations described it as an eye-opener in terms of localizing traffic and growing the Internet ecosystem in Nigeria.
They noted that the training affords them the opportunity to have knowledge of new global trends, and best practices in the interconnectivity of networks, particularly when it comes to peering with an Internet eXchange Point (IXP).
“The Border Gateway Protocol training with IXPN was informative and I learned some new things when it comes to peering with an internet exchange point,” said one of the participants, Philip Omugbe, IP Engineer at Hoop Telecoms Limited.
According to them, the training bridges the knowledge gap that exists within the Internet ecosystem, as they can now gain a proper understanding of how the Border Gateway Protocol works and how they can fully utilize their connectivity to the exchange point for maximum impact.
The training came at an ideal time for Bunmi Adeleye, GM Technical Operations, Syscodes Communications Ltd, because many network operators and engineers are unfamiliar with the workings of the Internet Exchange Point.
“The training was quite hands-on, interactive, and expository as there were practical live LAB sessions. Many thanks to the IXPN team, and I hope they sustain the momentum,” he said on the sideline of the training that took place at the IXPN Academy located at its corporate headquarters in Lagos.
Meanwhile, Mr. Muhammed Rudman, Chief Executive Officer of the Internet Exchange Point of Nigeria (IXPN), described Border Gateway Protocol (BGP) earlier in his opening remarks as a gateway protocol that allows the internet to exchange routing information between autonomous systems (AS).
He went on to say that the BGP training is a value-added service provided by IXPN to its member organizations and other stakeholders.
He stated that the training is necessary because the dynamics of the Internet ecosystem are changing. As a result, it is only natural to educate member organizations and other sector stakeholders on current technology trends and best practices, particularly as they relate to connectivity to the eXchange Point.
“The goal of today’s training is to provide members of the Internet eXchange Point of Nigeria (IXPN) with the fundamentals and workings of Border Gateway Protocol (BGP), which is critical to us as a one-stop peering point for service and content providers,” he said.
He also revealed that capacity building for its members will be carried out across Nigeria, having previously done so in Kano and Lagos. According to him, the next bus stop will be Abuja, followed by Port Harcourt later this year.
In recent years, IXPN has established eight Points of Presence (POP) across Nigeria in an effort to keep Internet traffic local and, ultimately, reduce capital flight. While four are in Lagos, the other four are in Abuja, Port Harcourt, Enugu, and Kano. The Lagos POP connects to each other as well as the POPs in the other four cities in an effort to reach the unserved and underserved.
Nigeria’s Buy Now, Pay Later (BNPL) market is on a fast-growing trajectory and is predicted to be valued $2.61 billion by 2030, up 83% from $1.42 billion in 2024, owing primarily to the rapid emergence of fintechs in the country.
This observation was stated in EnterpriseNGR’s State of Enterprise 2025 report, which focuses on how fintechs are reshaping Nigeria’s business landscape through digital innovations, accessible credit systems, and mobile-first financial tools.
As a credit system, BNPL allows users to stagger payments for products and services, making it a key development driver in Nigeria’s developing digital economy.
From 2021 to 2024, the BNPL experienced a compounded annual growth rate of 23.1%. Fintechs have contributed to the rapid growth by providing a range of flexible loan alternatives for e-commerce, retail, and services, bridging financial gaps for millions of disadvantaged Nigerians.
The report highlights how fintechs have contributed to Nigeria’s flexibility and resiliency by simplifying digital payments, automating invoicing and payroll systems, and democratising credit through platforms such as Renmoney and FairMoney.
The report also shows a significant rise in remittance inflows into Nigeria following the Central Bank of Nigeria’s 2024 policy adjustments.
According to the report, by 2024, Nigeria boasted over 400 licensed digital lenders who extend collateral-free credit to those commonly excluded by banks.
The Nigeria Immigration Service (NIS) strengthened bilateral relations with the Netherlands’ government through an agreement targeted at improving migration governance and border security.
This partnership was confirmed during a meeting at the NIS headquarters in Abuja, which was attended by a Dutch team led by Jurgen Bartelink, Chargé D’Affaires of the Embassy of the Netherlands in Nigeria.
The meeting focused on increasing bilateral migration cooperation and came after the comptroller general of Immigration, Kemi Nandap, paid a working visit to the Netherlands.
Under the agreement, the Dutch government pledged to continue supporting technology-driven solutions targeted at boosting Nigeria’s border control systems and improving migration management.
During the Netherlands Embassy diplomats handed over essential operational tools, such as Edison Software licence keys and the Passport Examination Programme Manual App.
According to NIS spokeswoman ACI Akinsola Akinlabi, “The partnership focuses on enhancing bilateral collaboration on migration management and reviewing ongoing capacity-building efforts.”
Bartelink, Chargé d’Affaires of the Netherlands Embassy in Nigeria, underlined the Netherlands’ commitment to helping Nigeria’s continuing border security and migration reforms.
Also speaking, Rob Bokhoven, head of international affairs, repatriation, and deportation services at the Dutch Ministry of Justice and Security, emphasised the country’s strong bilateral relations and announced plans to share a mobile border software solution with the NIS.
Receiving the equipment, Nandap said the delivery of the gadgets would boost West African country’s border security, significantly improve the service’s document verification border management capabilities and support the implementation of Nigeria’s National Migration Policy.
“The engagement will further reinforce the strategic partnership between Nigeria and the Netherlands advancing shared goals in migration governance, border security and international cooperation,” she added.
Peter Enogb, principal country economist, African Development Bank (AfDB), says the rise in global uncertainty, emanating from increases in global trade tariffs, has slowed Nigeria’s projected growth to 3.2% in 2025.
“Without this level of heightened uncertainty, our projections would probably have been somewhat higher. We’ve reduced our projections for Nigeria. We initially were projecting 3.5% – 3.6% growth in 2025.
“But given the current situation, our models are showing that we’re taking a more cautious approach. So that’s why we produced this and, of course, the main driver is uncertainty in the global economy,” Enogb said.
He said this at the launch of the 2025 Nigeria Country Focus Report (CFR) on Thursday.
AFDB projected that real GDP growth would hit 3.1% in 2026. Following the 2024 consumer price index (CPI) rebasing, with lower weights for food items, the inflation rate is expected to reduce over the medium term to 24.7% in 2025 and 17.3% in 2026.
As imports start to rise over the medium term, the current account is projected to decline to 3.9% of GDP in 2026.
The National Bureau of Statistics (NBS) reported that Nigeria’s headline inflation slowed for the second consecutive month to 22.97% in May. This is down from 24.48% at the start of the year
This is contrary to the World Bank projection that Nigeria’s economy would record steady growth of 3.6% despite the shift in the global trade dynamics.
Joseph Ogebe, head of research and development at Nigerian Economic Summit Group (NESG), also said that global uncertainty had been very high in recent times, resulting from the Trump 2.0 effect.
“And also with the recent war between Israel and the international community, we’ve seen what’s happening to oil prices. Even with the call-off of the war, we’ve seen the effect on oil prices too, which has implications on the fiscal side. So it has implications for the general economy,” he said.
The head of research at NESG said that rather than focusing on just growth, what should be looked at is a strategy called growth with depth.
“Growth with depth means that your growth must be diversified, export-led, productive, and technologically driven,” he said.
Ogebe said that if the Government works towards adopting a strategy of growth with depth, there is a tendency for the government to move towards its goal of achieving a $1 trillion economy by 2030.
The report revealed that the country’s recent policy moves, including fuel subsidy removal, exchange rate unification, and tax reforms, reflect a commitment to long-term transformation.
However, it also pointed out that at about 13%, Nigeria’s tax-to-GDP ratio is among the lowest in West Africa, noting that fiscal reforms are urgent.
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