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G-MAX Will Slash Internet Costs, Make it Ubiquitous- Nwosu

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Engr. Gerald Nwosu, is the Chief Executive Officer of Galaxy Wireless Communications Ltd, a Broadband Internet Solutions company providing the revolutionary G-Max brand of convergent services in Nigeria. A trained and chartered engineer of the Institution of Engineering and Technology (IET) London, Nwosu is also registered as a Professional Engineer in Alberta, Canada. He has worked in both the ICT and the Petroleum industry in many parts of the world since 1985. Nwosu spoke about his company and other issues in this interview with chris alu in Abuja.

About G-Max
G-Max stands for Galaxy Wireless Communications’ implementation of the WiMAX broadband technology. We not only utilize the principles of WiMax but hope to extend it such that we are not confined to that technology alone.
Our aim is to give a speedy broadband internet service using the necessary infrastructure at an affordable price, in order to make it ubiquitous in the country.
Right now we started our services in Abuja and Port-Harcourt but we hope to extend our services to 16 states before the end of the year.
We plan to build an internet cloud over Nigeria so that everyone can have access to it in and around the country.
Accessibility and Cost
The challenge we always face is in providing these services at an affordable operating cost, the most dominant of which is the cost of internet bandwidth.
As you may be aware, the same bandwidth costs ten times in Nigeria than in North America or India for that matter. For instance in this country satellite bandwidth goes as much as $7,000 per Mbit/s full duplex while those in India pay about $500 per Mbit/s for a fibre-optic connection with its superior latency characteristics.
It is because of the high cost of bandwidth that made us to sign the agreement with O3b Networks Ltd to deploy a new high capacity backhaul infrastructure to provide high-speed, low-cost Internet connectivity to our subscribers in Nigeria.
We hope that within a span of one or two years, we would be providing quality service with high speed connectivity at much cheaper rates than we have today.
We are also planning some new strategies that will make people get used to or have greater access to internet facilities at an affordable rate. Even though we are encountering other challenges which include erratic power supply and manpower shortages, we are still confident that broadband internet will spread through the country.
High Speed Internet
We do not, as a nation, even have enough fibre-optic capacity and that is an impediment to greater internet speeds. If we have reliable fibre-optic connectivity then it will be a different proposition. But there is hope because Galaxy Wireless is collaborating actively with other companies to use other innovative technologies including satellite technology and provide internet services and connectivity at high speed.
For now majority of Nigerians are not experiencing genuine broadband internet services because of the high cost of bandwidth and so many other issues.
Interconnectivity between Operators
We are not a telephone operator but a broadband internet company so I cannot really comment on interconnectivity issues between the different phone operators in the telecom industry. In the broadband space however, there is really no issue of interconnectivity between operators. In the internet, connectivity is simply having access to the Information Super Highway as quickly as possible so that you can do your business without delay, while in the telecoms sector you need to be connected to various networks like MTN, Glo, Zain.
Infrastructure Issues
Nigeria is still behind in the provision of necessary infrastructure needed for ubiquitous broadband. I think what the government should do is provide infrastructure for the private sector to move in and do the last-mile or if government cannot do it, then the enabling environment needs to be created for private sector participation. 
Sea Cable Initiative and Laying Of Fibre Optics Around the Country
As I mentioned earlier, what we need is fibre-optic capacity and every other thing boils down to bandwidth, whether by sea cables or fibre optic on land. The most important thing is the provision of the needed infrastructure so that ISPs can dispense their services on to consumers at affordable rates.
However, there are several initiatives in the pipeline and we are hopeful that on fruition, Nigeria will really be connected to the Information Super Highway.
What Government Must Do
Government is supposed to provide the needed infrastructure for ISPs to ride on and provide better services or sustain the enabling environment for some sort of collaboration with the private sector. We are aware that government is equally trying to work out some initiatives for basic infrastructure deployment that will help our operations in the country.
There are initiatives like SABI (State Accelerated Broadband Initiative) and others being handled by USPF but is still some time before we are yet to start reaping those dividends.
The much needed infrastructure investment needs to be addressed quickly to avoid Nigeria falling into the Information Dark Age.
Global Recession
The big issue is that if the recession bites deeper, people may cut down on the use of internet services as it may be classed as a luxury item.
We do believe that when people really understand what internet is all about, despite the crisis it will be necessary for them to use it, especially during difficult times in order to even find out how to cope.
We hope though that the crisis does not deepen and adversely affect the sector but we are taking several measures to cushion the effect on our business.
Of more serious concern is the sharp depreciation of our local currency against the US Dollar over the past few months which increased our cost of doing business by more than 55% as we buy bandwidth in US Dollars and sell our services in Naira.
Other Challenges
One of the biggest challenges we are facing is power.
Poor power supply is really affecting the industry making us spend a huge portion of our operating expenses on fuel, diesel and plant maintenance.
Another challenge that we tend to forget is manpower.
The needed manpower to fill several vacancies in the communication sector is difficult to come by in this country and this has been a serious challenge to all the operators. It is really unfortunate that in a country with high unemployment, there still remain many jobs that cannot be filled due to lack of local expertise.
Many companies have now resorted to hiring expatriates as a way of attempting to solve this problem which entails additional expenses.
This really goes back to the quality of education in Nigeria and this remains an issue that requires urgent and concerted attention by both the government and the private sector. A situation where we produce illiterate graduates from the universities must be seen as unacceptable. We therefore need to take a hard look at this issue and address it for our own national interest as no nation can develop without a sound educational backbone.
Galaxy has recently launched an e-Learning Initiative to connect our universities to the World Wide Web in order to provide the much-needed access to content required by our schools. This is our way of contributing to education in our country.

 


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Top Nigerian Startups Secure Funding Boost @ iHatch Demo Day Awards

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Nigeria’s startup ecosystem received a fresh injection of momentum as top emerging ventures secured funding and investor attention at the iHatch National Demo Day, where Interface Africa clinched the highest prize of $15,000.

The 4th cohort of the NITDA–JICA-backed accelerator brought together founders, policymakers, and venture stakeholders in Abuja, showcasing innovations ranging from clean-energy financing and digital food marketplaces to next-gen fintech tools.

The startups went rounds of running through state-level selections and regional competition. iHatch was established in 2021 as a strategic partnership to create an enabling environment for young Nigerians to develop and scale their innovative solutions.

The iHatch National Demo Day (4th Cohort), is an initiative by NITDA and JICA which provides a clear pathway for homegrown talent to contribute significantly to economic diversification and digital transformation.

After rigorous selection processes, the top founders converged to pitch their innovations, recognised the standout performers, which are:

Interface Africa with $15,000, the firm is driving Nigeria’s clean energy transition by enabling structured and affordable solar financing.

Ahioma with $12,000, the firm enhances food accessibility with a digital marketplace connecting consumers directly to trusted vendors.

Linia Finance with $10,000, the firm is helping Nigerians take control of their finances with tools for budgeting, tracking, and smart money planning.

Chapta got a laptop reward. They delivering an offline-capable school application ensuring consistent, accessible learning for students everywhere.

Softdrop also got a laptop reward, they solve logistics challenges through a modern delivery platform designed for speed, convenience, and efficiency.

 


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Fidelity Bank to Host Virtual Masterclass on New Tax Law

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Fidelity Bank Plc, a leading financial institution, will host a free virtual training on the Nigeria Tax Act 2025 (NTA) as part of its commitment to helping small businesses prepare for the upcoming legislation.

Fidelity Bank to Host Virtual Masterclass on New Tax Law

Fidelity Bank

The masterclass is scheduled for 10:00 AM (Nigerian time) on Friday, 12 December 2025. It will provide participants with clear insights into changes in the tax framework, the impact on income and business operations, and practical steps to avoid penalties in 2026.

Attendees will also learn strategies to stay ahead in an evolving regulatory environment.

The Nigerian government enacted major tax reforms on 26 June 2025 when President Bola Ahmed Tinubu signed four tax bills into law.

These Acts will take effect on 1 January 2026 and represent a significant overhaul of the country’s tax system.

The reforms aim to modernize and harmonize Nigeria’s tax framework, improve revenue generation, broaden the tax base, and create clearer rules for individuals, businesses, and government agencies.

“Our decision to host this masterclass reflects our commitment to empowering businesses with the right information ahead of the commencement of the new tax regime.

“Information is money and a well-informed business owner is already steps ahead in the race to success.

“This is why we are bringing experts to provide accurate details and demystify the tax act,” said Osita Ede, Divisional Head, Product Development, Fidelity Bank Plc.

Interested participants can register via https://bit.ly/2026TaxLawMasterclass .


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PalmPay MD Seeks Deeper Financial Inclusion @ CeBIH Annual Conference 2025

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L-r: Chika Reginald Nwosu, Managing Director, PalmPay; Tunde Ogundipe, Co-Founder & Chief Executive Officer, E-Doc Online; Emezino Afigbe, Head, Gender Center for Excellence, Enhancing Financial Innovation and Access (EFInA); Ronke Kuye, CeBIH Advisory Council; Dr. Badamasi Lawal, CEO National Social Investment Program; Uche Uzoebo, Chief Executive Officer, Shared Agent Network Expansion Facilities (SANEF); Dominic Wadongo, Chief Risk Officer, SmartCash Payment Service Bank, Nigeria, at the CeBIH Annual Conference recently.
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PalmPay, Nigeria’s leading digital banking platform, has renewed its commitment to deepening financial inclusion across the country. At the CeBIH Annual Conference 2025, themed “Reimagining Financial Inclusion through Cultural Shifts in Consumer Credit,” PalmPay’s Managing Director, Chika Nwosu, urged industry players to deepen financial inclusion by embracing community-aligned solutions and customer-centric innovations that can better serve Nigeria’s underserved and unbanked populations.

Speaking during a panel session titled “Social Inclusion, A Veritable Tool for Financial Inclusion,” Chika Nwosu joined other industry leaders to share insights on strengthening participation among women, rural dwellers, low-income earners, and other financially excluded groups.

Chika Nwosu highlighted PalmPay’s commitment to inclusive finance through its 500,000-strong agent network, which enables seamless cash-in/cash-out services for unbanked users across Nigeria. He also emphasised the importance of PalmPay’s USSD platform, 861#, which allows users with basic phones or limited internet access to perform essential financial transactions.

“Financial inclusion goes beyond access; it must be equitable and tailored to real-life needs,” Chika Nwosu said. He shared how PalmPay leverages behavioural insights to design impactful services, including affordable health insurance, reliable bill payments, merchant solutions, and automated savings features that support financial discipline among users.

The session further examined the role of grassroots agents and community touchpoints in driving last-mile adoption. Chika Nwosu noted that PalmPay’s widespread community presence continues to build trust and encourage excluded populations to embrace digital financial tools.

The session was moderated by Ronke Kuye of the CeBIH Advisory Council and featured representatives from E-Doc Online, SmartCash Payment Service Bank, SANEF, and EFINA.

PalmPay reaffirmed its commitment to driving accessible, secure, and inclusive financial services for all Nigerians. PalmPay is a leading digital banking platform driving financial inclusion and economic empowerment in underserved emerging markets. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay empowers individuals and businesses with tools to manage and grow their money.

PalmPay offers a comprehensive range of products, including mobile payments, savings, and micro-insurance via its app and mobile money agent network.

Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to over 35 million app users. PalmPay has operations in Nigeria, Ghana, Tanzania, and Bangladesh.


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