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High Speed Internet Aids Entrepreneurship- Adalemo

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Wande Adalemo, co-founder and chief operating officer, Oxygen Broadband Networks, Nigeria’s first metro Wireless Fidelity (WI-FI) network never saw a computer until 1998.
Today, Adalemo sits atop N1 billion broadband network company which has 10 hotspot locations in Lagos and seeking expansion to 100 locations in the state by 2015; and then Abuja, Port Harcourt and Kano.
Overtime, the Company has grown and has attracted institutional investors such as Google and MainOne Cable Company. WaveTek has also signified interest in investing in the company and to help boost broadband access in the country. Adalemo spoke to peter ugwu on Oxygen Broadband’s achievements so far and expectations.

Oxygen Broadband’s Mission
Oxygen Broadband is Nigeria’s leading WiFi provider, we have been building hotspots at different locations in Lagos and they are qualitative.
Right now we have ten locations, where people can go, get signed up and be connected to the internet. And then move ahead with our vision to go nationwide.
Our mission is to make sure everybody has access to the internet; not just signing up to the internet, but using high-speed internet. That is our major target.
We are not coming to your home, but at locations where users can easily reach us. Actually, the pilot scheme of the project offered a flexible, cost-effective and convenient Wireless Fidelity (WI-FI) connection.
It also made the convergence of various classes of service achievable, as stakeholders in Computer Village require extensive internet services. The pilot was a huge success with over 50,000 devices connecting over the network at that single location.

Level of Enthusiasm among Users
Nigerians want to get connected. The question is: where is the connectivity? Another question is: what is the price of the connectivity?
Currently, the connectivity is not there and the challenged is compounded by the high connectivity charges.
In other words, where the price is not the issue the connectivity quality is low. So what we are doing is giving high quality connectivity hotspots.
We want to be in locations where users can have access to the internet. We see Nigerians expresse happiness about this project; they actually move towards these locations.
It is a sigh of big relief to many, especially the low income earners and students. At one of the locations in Surulere, Lagos, we have thousand users who go there to have a feel.
Like I shared our observations at the ministerial briefing, young people from remote areas are hungry for internet.
Some of these young people would approach the adults in their neighbourhood, collect their phone and go to these locations, because they know they have 30 minutes free internet connectivity and do some amazing things. We were surprised; it happened that they were actually using that medium to research about their class works and do assignments.
That is enough empowerment. When government, non-governmental organizations or operators in the industry think or talk about youth empowerment, this is one project they can look at and see the essence and the huge impact it will have on the studies of these young people, through that the society becomes better place for all of us.
Our plan is to replicate this across Nigeria. That shows that Nigerians need something like this. We receive calls from people like someone would call in asking, ‘I am moving towards Okota please where is your hotspot around the route or how do I connect?’ Such calls give us the confidence that this project is worthwhile.
And that is why we made a pledge to Nigerians: To provide superfast reliable and affordable internet; to serve Nigeria with our entire network infrastructure and uphold her broadband access quality.

Is the Connectivity Just Free?
At certain time the connectivity is free. For instance, when someone signs up, he or she gets 30 minutes free airtime.
That is after first registration. Going forward, it is just N100 per hour and they are assured of maximum, unlimited internet access.
So, there is a free access to what we are doing. We want to bring change in the system; open up the gate for Nigerians to have access to the gateway to the world, seamlessly.
That is the motivation to stimulate even others that lack interest or have lost confidence in the system.
We just won WiFi Company of the year award and that was because research conducted showed we have the fastest internet gateway facilitating platform in Lagos.

Tackling Infrastructural Challenges
We collaborate. There is what I called the Broadband Infrastructure Ecosystem, which will make the broadband development in Nigeria to be effective.
I had at different fora shared story of how this project kicked off. I found it difficult to see who would believe in the project until I met a partner who was managing director of a bank then.
Meanwhile, I had met several potential investors who discouraged me, but I did not give up.
So, when I got to him, the first thing he told me was if fail to convince him in two minutes, then I have lost his interest.
He has a view that an idea that cannot hit someone in two minutes is no good idea. Well, I think I was able to hit him in two minutes and the next question he asked was how do we move?
From there we started working together. As the project progressed we discovered that we cannot get there without collaboration.
So, we collaborate with a lot of operators like Visafone, WaveTek, MainOne Cable Company, to deliver IT broadband.
We also go into partnership with venue owners, restaurants, malls, hotels; it is a collaborative things. If we do not build the ecosystem, broadband development cannot work.
I do not think we can go far without the ecosystem. However, we are the centre of that ecosystem.

Optimism and the Future of the Ecosystem
I am very sure that the operators are optimistic and ready to deliver the bandwidths to the last mile users.
So, I am sure we are on the right track when we embraced the ecosystem composition. We have to have to look at it from the angle of the number; that is the users. If the number is there why not go for collaboration.
Assisting Mobile Entrepreneurs
An average Nigerian is a gifted entrepreneur. We can do more when the internet is good.  For instance, if you are moving from one spot to another, probably for business meetings, engagements or to cement partnerships, with speed internet connectivity in place, you can download, upload voice, data or video at any of the hotspots.
That will mean a huge success and progress for the entrepreneurs. Imagine when someone has no office, yet he does business online.
That is what infrastructure does; impacting and empowering lives. The benefits cannot be over emphasized.

Government’s Agenda for Broadband Development In Nigeria
I think from what the Minister of Communications, Mrs. Omobola Johnson told IT stakeholders recently; the Government is doing its best to address the challenges.
She is doing a lot and needs the support of industry players. Remember, it cannot be a perfect system in the beginning.
Yes, with few people who have access to the service offered in the country are not getting value for their money, but with the ecosystem I so much believe in we can always get to the right destination.
We have several players coming into the market, Nigeria should just wait, things will only get better.
Just like I said earlier, this project of several hotspots are designed after the original vision of the Federal Government of “Internet for everyone.


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Conoil Bonanza Winners Emerge

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Conoil Plc is spreading joy this Valentine season as the first group of winners in its Valentine Bonanza promotion have been announced and rewarded. Launched on February 14, the campaign continues to delight customers at participating retail outlets.

The initial raffle draw, conducted on February 21, saw fortunate customers receive ₦10,000 worth of free petrol each. The draw was carried out publicly, with media representatives present to ensure full transparency. With the promotion still ongoing, more customers have the opportunity to join in and potentially be among the next winners.

A Conoil Management spokesperson explained that the initiative is a way to show appreciation to loyal customers for their ongoing support. “Our customers have responded impressively to the bonanza, with strong participation recorded across our stations,” the spokesperson said.

The second and final phase of the promotion is now in motion. Customers who purchase at least 10 litres of petrol at any participating Conoil station remain eligible to win in the grand finale raffle.

The grand finale is set for February 28 at 12 noon. Motorists in Lagos and Ogun states are encouraged to visit Conoil outlets to collect their tickets and take part in the exciting conclusion of this Valentine celebration.


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PalmPay Couples Show How Love Is Funded Digitally

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PalmPay users took to the #LoveWithPalmPay campaign to show how experiences are powered through seamless banking.

It’s the month of love and social media has been filled with couples showing affection with gifts. As digital payments become embedded in everyday life, the way relationships are planned, funded, and experienced is evolving.

Recent insights from SBM Intelligence 2025 ‘Love in the Air’ report show that despite economic pressures, most Nigerians still set aside dedicated budgets for Valentine’s Day, with the largest percentage planning to spend between N51,000 and N100,000, while less than 5% are willing to spend above N500,000.

This growing intentionality highlights the need for platforms that help people manage their money more effectively, offering features like free transfers and tools that make it easier to send, track, and preserve funds while still showing up for meaningful moments.

Through the #LoveWithPalmPay campaign, PalmPay set out to show how the platform is enabling users to plan, pay, and celebrate meaningful moments with greater ease.

During the Valentine’s season, PalmPay invited couples across Nigeria to share their stories through the #LoveWithPalmPay campaign, celebrating how digital banking supports their individual expressions of love.

The campaign saw strong participation, with many PalmPay couples submitting entries that showcased how they use the app to plan surprises, pay for outings, and stay connected through everyday transactions.

From these entries, four couples were selected, each showcasing how PalmPay has enabled fast and reliable transactions in key moments.

One video from @simply.omotoshan, one of the selected couples, captures the role of seamless payments in making their spontaneous moments possible.

She said in her entry video: “Our cutest money moment with PalmPay was when we planned our Valentine’s picnic and realized we had forgotten half of the things we needed; literally, half of everything. We rushed to the mall to get cakes, food, decorations, and all the essentials. When it was time to pay, we used PalmPay.

“The transaction was smooth, fast, and stress-free.  In no time, we were done setting up our Valentine-themed picnic with everything perfectly ready. Honestly, all our experiences with PalmPay have been easy and satisfying, but this one is definitely our cutest money moment. Thank you, PalmPay.”

A testimonial from the fourth selected couple, Mohammed and his wife, reflects his excitement: “Hello PalmPay, thank you so much for selecting us as one of the winners of the #LoveWithPalmPay campaign. We truly appreciate this. My wife and I are very grateful. Thank you, PalmPay, for the love and support. We’re so happy and thankful for the N100,000 reward. We love you, PalmPay, and long live PalmPay. Thank you so much.”

Beyond the feel-good stories, the campaign reflects a broader shift: fintech is no longer just about transactions, it’s about enabling experiences. Reliable payments, fast transactions, and accessible financial tools reduce the friction that can disrupt important moments, allowing users to focus on connection rather than logistics.

From paying for dinner to managing other expenses, PalmPay continues to demonstrate how digital financial services support modern relationships, proving that in today’s economy, love is not only felt, it’s funded digitally.

 


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KPMG Strengthens Africa Leadership to Support Long‑term Growth Across the Continent

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KPMG has appointed Tola Adeyemi as Chief Executive Officer for KPMG one Africa, alongside the addition of Professor Olayinka David‑West and Dr. George Njenga as independent members of the Africa Governance Council (AGC).

Effective from March 2026, the appointments reinforce the firm’s leadership expertise, underscore a long‑term commitment to Africa and highlight confidence in the continent’s growth potential.

“Africa is one of the most dynamic and promising regions in the global economy, and KPMG is committed to playing a meaningful role in its growth story,” said Tola Adeyemi, incoming CEO for KPMG One Africa.

He continued: “It is a privilege to step into this role at such a pivotal moment for both KPMG and the continent. I look forward to building on our strong, connected and high‑performing base to deepen collaboration and deliver consistent quality and impact across our markets.”

KPMG is recognised globally for its commitment to quality, integrity and professional excellence, supported by a strong global network of member firms. Trust remains the foundation of the audit and accounting profession, with high standards of governance, ethics and audit quality increasingly demanded across Africa’s public and private sectors.

KPMG One Africa’s approach brings the continent closer together with strong leadership to strengthen cross-border collaboration and offer shared expertise and consistency which is business‑critical to help clients navigate complex risks and unlock sustainable growth opportunities.

Commenting on the appointment, Professor Ben Marx, Chairman of the Africa Governance Council, said: “Tola Adeyemi is exceptionally well positioned to lead KPMG One Africa. In addition to his global perspective as a member of the KPMG Global Council, he brings significant influence and credibility as a respected business leader across the continent.”

The appointments of Professor David‑West and Dr Njenga to the Africa Governance Council, which provides board level governance, further strengthens independent oversight, bringing strong academic credentials alongside deep strategic and business expertise.

“These appointments reinforce KPMG’s commitment to strong governance, accountability and leadership depth,” Marx added. “They complement our established African leadership team, in‑country managing partners and regional senior partners, further enhancing our client‑centric approach across Africa.”

 


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