General News
Expert Tasks Insurers on Rates’ Adjustment in Foreign Reinsurance
Nigerian insurance companies have been urged to effectively adjust their rates as they have resolved to do in order not to fall into the murky waters of effects of a delayed action. This is coming on the heels of the local insurers resolve to tackle the spill over effects of the oil spill in the Gulf of Guinea, by raising their rating. This according to them is to curtail losses that arises from the spill especially against the background that insurance is a global business. This decision to jerk up rates is hinged on the presumed increase in cost of reinsurance in the international market, due to the millions of dollars claim which the British Petroleum (BP) paid on the oil spill in the Gulf of America and Mexico,
According to Adulphus Okezie, a financial analyst, “what affects America and Mexico and indeed any country in the world affects Nigeria as far as the impact of global insurance transactions concerned’, stressing that ‘local insurers would need to buy reinsurance treaties at the international market, including the affected countries” The business of insurance, he said cannot be detached from these world occurrences, noting that if Nigerian insurers fail to adjust their rates and make marginal profits in the process, the multiplier effect would take years to be redressed. Corroborating earlier position taken by experts in the industry, Okezie stated that oil and gas as well as aviation are businesses that fall within international standard. Therefore the decision by local insurers to raise their rates to cope with the spill over effects was a welcome development. He added that if for nothing at all, these insurers must buy their reinsurance cover from the international reinsurance companies. Experts predicted that this might some set back in the local content policy of the nation which seeks to retain the bulk of our underwriting business in the oil and gas sector within our shores. If not handled well, the implication is that insurance may likely sweat in huge production cost, which would have a reverberating effect on the industry.
It would be recalled that BP promised to pay all "legitimate" claims to people and businesses affected by the April 20 spill to which, workers’ compensation, accident compensation, and/or accident injury claim associated, are involved. Recently, Mr Olusola Ladipo-Ajayi, the newly elected chairman of the Nigerian Insurers Association (NIA), said that the huge claims by BP on the Gulf Oil spill would, no doubt, hike the price of reinsurance. He explained that the occurrence would be taken into consideration for the losses that have been recorded, stating that this would affect the local market, since insurance operates globally and players operate in the same market with other nations. According to him "we should not be in illusion that we cannot be part of it because we are not Americans, we must bear in mind that we also purchase reinsurance cover from the same market. Instead, what we should do in anticipation of the likelihood of high reinsurance cost is to improve our rating, so that whatever the consequence will not have a serious impact on our production." BP promised to pay all "legitimate" claims to people and businesses affected by the April 20 spill to which, workers’ compensation, accident compensation, and/or accident injury claim associated, are involved. Okezie therefore tasked the Nigerian Insurers Association to work in alliance with the National Insurance Commission (NAICOM) to ensure that whatever adjustment that is necessary is done on time and appropriately too in order to keep our insurers in profitable business.
General News
Nigeria First Policy: FG Reaffirms Galaxy Backbone as ICT Provider

Federal government , through the Office of the Secretary to the Government of the Federation (OSGF), has issued a circular reaffirming its commitment to leveraging the substantial investment in the National Information Communications Technology Infrastructure Backbone (NICTIB), for the benefit of Ministries, Departments and Agencies (MDAs).
Chidi Okpala, spokesperson for Galaxy Backbone Ltd, disclosed this in a statement on Monday.
The directive, issued in line with the Nigeria First Policy, endorsed Galaxy Backbone Limited, as the designated provider of ICT infrastructure for federal government institutions.
Commenting, Professor Ibrahim Adeyanju, managing director, Galaxy Backbone Ltd, reiterated that the agency is well positioned to actualise the Nigeria First Policy in the country’s ICT sector.
“We have repositioned our organisation in such a way that the MDAs experience the quality, reliability, and innovation of our services, and they can see us as a partner in their digital transformation journey.
“Our pledge is to listen, collaborate, and provide tailored digital infrastructure solutions that meet the unique needs of each agency, while ensuring Nigeria’s data remains safe within our borders,” he said.
According to him, federal government MDAs are expected to accelerate Nigeria’s digital transformation and contribute directly to national economic growth through the implementation of the Nigeria First Policy.
Galaxy Backbone Ltd was established by the Federal Government with the core mandate of ensuring data sovereignty through a centralised e-government platform that offers secure connectivity and related ICT services.
General News
FG Reaffirms Galaxy Backbone as Its ICT Infrastructure Provider Under Nigeria First Policy

The Federal Government, through the Office of the Secretary to the Government of the Federation (OSGF), has issued a circular reinforcing its commitment to leveraging the substantial investment in the National Information Communications Technology Infrastructure Backbone (NICTIB) for the benefit of Ministries, Departments, and Agencies (MDAs).
This directive, in line with the Nigeria First Policy, endorses the use of Galaxy Backbone Limited (GBB) as the designated provider of ICT infrastructure for Federal Government Institutions, covering IP-network services, data centre hosting, and related infrastructure solutions.
GBB was established by the Federal Government with the core responsibility of ensuring data sovereignty through a centralized e-government platform that offers secure connectivity and related ICT services. Over the years, the organization has consistently invested in upgrading its capacity, achieving multiple international certifications and recertifications that position it as a provider of world-class, secure, and reliable technology services.
With this renewed endorsement, GBB is also officially positioned as the Government Data Exchange Platform and the interoperability layer for the nation’s Digital Public Infrastructure implementation, reinforcing its role as the body that coordinates, manages, and integrates all federal digital infrastructure and services, ensuring they comply with Nigeria’s data sovereignty goals and work harmoniously as part of the nation’s digital public Infrastructure.
While this directive ensures compliance with the Nigeria First Policy, GBB emphasizes that its mission is to deliver excellence through building trust and collaboration with Ministries, Departments and Agencies (MDA). Federal Government Institutions currently hosting data abroad are encouraged to migrate to GBB’s secure platforms, confident in the assurance of improved service delivery, enhanced security, and alignment with global best practices.
“We have repositioned our organisation in such a way that the MDAs experience the quality, reliability, and innovation of our services and they can see in us as a partner in their digital transformation journey,” said Professor Ibrahim Adeyanju, Managing Director/CEO, GBB.
He further reiterated; “Our pledge is to listen, collaborate, and provide tailored digital infrastructure solutions that meet the unique needs of each agency, while ensuring Nigeria’s data remains safe within our borders.”
GBB’s commitment is rooted in service excellence, security, and innovation; principles backed by its ISO certifications and global standard operating frameworks. This renewed collaboration between GBB and MDAs is expected to accelerate Nigeria’s digital transformation and contribute directly to national economic growth.
General News
Virtual Reality in Healthcare: Nigeria’s Untapped Opportunity for Training, Patient Care, and Medical Innovation

Across the world, Virtual Reality (VR) is proving to be far more than a gaming technology. In healthcare, it is emerging as a practical solution to train professionals, improve patient care, and speed up medical innovation. For Nigeria — where health facilities face workforce shortages, infrastructure gaps, and tight budgets — VR offers a unique chance to leapfrog into modern practices without the prohibitive cost of traditional methods.
Training Without Risk, Learning Without Limits
One of the biggest hurdles in healthcare is preparing professionals for real-life emergencies. Nursing students can read about procedures in textbooks, but they need hands-on experience to master them. VR bridges this gap by simulating real hospital scenarios: inserting an IV line, performing CPR, or managing a trauma patient — all in a safe, repeatable virtual environment.
Emergency response teams can also rehearse disaster situations, from mass-casualty events to fire outbreaks, without risking lives or resources. Instead of waiting for rare live drills, responders can practice repeatedly in lifelike VR settings until every step becomes second nature.
Across Nigeria, a new wave of innovators, like Insightful3d Studio, is developing these immersive training programs locally. By building high-quality VR modules tailored for Nigerian hospitals, universities, and teaching centers, they reduce dependence on expensive foreign programs and make advanced training more affordable.
Improving Patient Understanding and Confidence
VR isn’t just for training staff. Patients can also benefit. For example, a woman preparing for childbirth can take a guided virtual tour of a delivery room to reduce anxiety. A family deciding on surgery can visualize what the procedure involves and better understand the risks and benefits. When people clearly see what to expect, trust in medical care increases — and so do positive outcomes.
A Platform for Local Innovation
VR also allows medical teams in Lagos or Abuja to collaborate seamlessly with specialists abroad. They can jointly review virtual models of medical cases, discuss treatment options, and learn new techniques in real time. For research institutions and pharmaceutical companies, VR provides an interactive environment to test ideas faster and with fewer physical resources.
Nigeria’s Window of Opportunity
Globally, VR in healthcare is growing rapidly — projected to become a multi-billion-dollar industry this decade. Nigeria does not need to be a latecomer. With forward-thinking hospitals, training schools, and government support, the country can develop home-grown solutions instead of importing them at high cost.
Companies like Insightful3d Studio are proving that this is not futuristic wishful thinking — it is already happening. The real question is not whether VR belongs in Nigerian healthcare, but how quickly hospitals, regulators, and investors will adopt it. Early movers will improve patient outcomes, cut training costs, and set a new standard for African healthcare.
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