Telecom
How Telecoms Sector, Others Take Nigeria out of Recession

The Nigeria’s telecommunications sector’s contributions in the economy has been attributed as the major driver that lifted the country out of recession in the fourth quarter of 2020, contributing 12.45 percent to the country’s Gross Domestic Product (GDP).

Dr. Ikechukwu Adinde, director, Public Affairs, Nigerian Communications Commission (NCC), disclosed this in a statement released on Monday, in Abuja.
Dr. Adinde said that the sector which is being regulated by the Commission is one of the sectors whose performance lifted the country out of recession in the fourth quarter of 2020, contributing 12.45 percent to the country’s Gross Domestic Product (GDP).
He noted that the latest data released by the National Bureau of Statistics (NBS), telecommunications & Information Services under Information and Communication grew by 17.64 per cent in Q4 2020 from 17.36 per cent in Q3 2020 and 10.26 per cent in Q4 2019.
“In the latest NBS report, agriculture, industries, and services sector, under which telecommunications is categorised, contributed 26.95 per cent, 18.77 per cent, and 54.28 per cent respectively.
“This is a pointer to the fact that telecommunications, trade, services and crop production are the main drivers of Nigeria’s exit from recession.
“In specific terms, NBS report showed that largest sub-sectors in Q4 2020 are crop production at 3.68 per cent, crude petroleum and natural gas at 8.2 percent, trade at 14.9 per cent, telecommunications & information services at 12.45 per cent, and real estate at 5.7 per cent, the report says.
“The telecommunications sector has, in the last five years been a major driver of the digital economy agenda of the Federal Government, as it has continued to provide the needed digital sinews that support the economy, especially during the COVID-19 pandemic and its attendant restriction period”.
He further noted that since the outbreak of the pandemic, government institutions, businesses and individuals have relied heavily on telecoms services to carry out their daily operations and official routines.
“In response to the increased demand, the Commission put a number of regulatory measures in place to ensure seamless access by Nigerians to telecommunication services and protect against any adverse impact on the quality of service enjoyed by consumers.
“The steady growth of the telecoms sector over the years with its pervasive positive impact on all other sectors of the economy in terms of increased automation of processes and digital transformation in service delivery has been remarkable.
“The growth trend since 2015 has reawakened hope that the economic diversification dreams of the country may finally be a reality as the sector continues to energize significant economic activities in the services sector of the economy.
“Through effective regulatory regime emplaced by the Commission, under the leadership of its Executive Vice Chairman (EVC), Prof. Umar Garba Danbatta, telecoms investment grew from about $38 billion in 2015 to over $70 billion currently.
“Also, broadband penetration increased from 6 per cent in 2015 to 45.02 per cent at December, 2020, indicating that 85.9 million Nigerians are now connected on 3G and 4G networks which provide enhanced high-speed Internet that has continued to boost efficiency and increase productivity across the economic spectrum.
“Recent statistics also indicate that between 2015 and December, 2020, active voice subscriptions have increased from 151 million to 204.6 million, with teledensity standing at 107.18 per cent.
“Basic active internet subscriptions grew from 90 million to 154.3 million during the period,” he noted.
Dr. Adinde however reiterated the Commissions is committment to its culture of quality regulation of the telecommunications industry that will ensures a stable and robust sector which drives the digital economy agenda of the Federal Government and ultimately leads in the growth of the country’s GDP.
Telecom
Flutterwave Announces Massive Staff Shake-Up, Promotes Over 100 Employees

Flutterwave has announced a company-wide employee support package that includes promotions for about 25 per cent of its global workforce, a one-off economic relief payment and enhanced support measures for employees in Nigeria.

The fintech company said more than 100 employees across its global operations had been promoted as part of efforts to reward performance and strengthen employee welfare.
In addition, all staff worldwide will receive a one-time economic relief payment, while employees in Nigeria will benefit from additional tax support and cost-of-living adjustments following recent regulatory changes affecting take-home pay.
The company said the initiative was introduced in response to rising living costs across key markets, particularly in Nigeria, where inflation and increased transportation expenses have placed pressure on household incomes.
Speaking on the development, Olugbenga Agboola, founder and Chief Executive Officer of Flutterwave, described employees as the driving force behind the company’s growth and innovation.
“I often say our people are our secret sauce. They are the ultimate engine behind everything we build, giving us the capacity to create solutions that power businesses, unlock opportunities and move money seamlessly across Africa and beyond,” he said.
According to the company, the support measures form part of its broader strategy to improve staff welfare, retain talent and create an environment where employees can focus on their work without undue financial pressure.
Also speaking, Annette Akpolo said the initiative reflects a balance between rewarding individual performance and addressing the collective needs of employees.
“Our goal has always been to build an environment where our people can focus on doing their best work, rather than being weighed down by economic anxiety.
“Pairing merit-based individual growth with supporting the collective needs of the whole team are both essential parts of how we build a company culture where people genuinely want to stay and grow over the long term,” she said.
Founded in 2016, Flutterwave is marking its 10th anniversary in 2026.
The company disclosed that it has processed more than one billion transactions and facilitated over 40 billion dollars in total payment value globally since inception.
Flutterwave also reported strong growth across its payment channels, including a 289 per cent increase in wallet-based collections by transaction volume and a 184 per cent rise in bank transfer value over the past year.
The company attributed the growth to increasing adoption of local payment methods across its operating markets.
Industry observers note that the latest employee support package comes amid increasing competition for skilled talent in Nigeria’s fintech sector, where firms are adjusting compensation and benefits to retain workers in the face of rising living costs.
Agboola said future growth opportunities within the company would continue to be based on performance, leadership and meaningful contributions to its mission.
“At Flutterwave, growth is earned through meaningful contributions to the business and to the mission we are building together.
“As we continue to grow, the people who will shape our future are those who consistently step up, solve hard problems, support others and move the company forward,” he said.
Telecom
NCC Retains Rudman as Chair of Newly Inaugurated IPv6 Council Board, Urges Advancement of Nigeria’s Digital Migration

The Nigerian Communications Commission (NCC) has officially inaugurated the new board of the Nigerian Internet Protocol version 6 (IPv6) Council in Ikeja, Lagos. Mr. Muhammed Rudman, Chief Executive Officer of the Internet Exchange Point of Nigeria (IXPN), will continue to serve as Chairman.

This inauguration marks a significant milestone for Nigeria’s telecommunications sector, as global demand for IPv4 now exceeds the available IPv4 address space.
Following the event, Rudman acknowledged the contributions of former board members, including Olusola Teniola (former President, ATCON), Funke Opeke (Founder, MainOne), Mary Uduma (former President, NiRA), and Lanre Ajayi (past President, ATCON), emphasizing that their involvement was instrumental in establishing the nation’s foundational IPv6 migration efforts.
Rudman noted that membership in the IPv6 Council is institution-based. The reconstituted board includes Mr. Muhammed Rudman as Chairman and a representative from the NCC as Co-Chairman. Institutional representatives from NITDA, ATCON, NIRA, ALTON, ISPON, and NgREN serve as board members, with Dr. Chris Uwaje and Prof. Latif Ladid acting as Advisers. This group is responsible for leading the nationwide migration from IPv4 to IPv6.
“The transition to IPv6 is a strategic national priority. It is essential for enabling Nigeria’s digital transformation, economic growth, and global competitiveness. The council’s strategy identifies IPv6 as a primary catalyst for national development, focusing on three pillars: supporting emerging technologies such as 5G and the Internet of Things (IoT), promoting economic diversification, and providing enhanced security and performance compared to legacy solutions such as Network Address Translation (NAT),” Rudman stated.
To achieve these objectives, the council’s action plan is structured around two primary initiatives: awareness-raising and capacity-building. The board will prioritize promoting national awareness of IPv6 through targeted events and workshops, while also providing IPv6 training to network engineers across various operators, including ISPs, telecommunications companies, educational institutions, and financial organizations. These efforts are expected to facilitate the acquisition and deployment of IPv6 throughout Nigerian networks.
The council will develop and oversee the national IPv6 strategy, monitor adoption across sectors, and report regularly to the Federal Government. Additionally, the council will identify technical challenges, strengthen local engineering capacity, and recommend regulatory measures to encourage ISPs, telecommunications operators, academic institutions, and enterprises to upgrade.
With the Nigeria IPv6 Council now operational, local enterprises and network providers are required to upgrade their systems to sustain the nation’s position in the global digital landscape.
Telecom
MTN, ALTON, Upperlink, NiRA back 2026 Nigeria DigitalSENSE forum, awards

Leading telecommunications, technology, and internet governance stakeholders have thrown their weight behind the 16th milestone edition of the annual Nigeria DigitalSENSE Forum (NDSF) on Internet Governance for Development (IG4D), scheduled to hold on Thursday, June 11, 2026, at the Welcome Centre Hotels, Ikeja-Lagos.

The high-profile convergence, organized by pioneer tech-media firm ITREALMS Media and hosted by DigitalSENSE Africa (DSA); an ICANN-certified At-Large Structure, will center its discourse on the national theme: “Sustaining WSIS Vision with Multistakeholder Synergy in Nigeria.”
Confirming their corporate backing and institutional participation are industry giants including ICT infrastructure leader MTN Nigeria; the Association of Licensed Telecoms Operators of Nigeria (ALTON); premier software and DNS infrastructure firm Upperlink Limited; and the Nigeria Internet Registration Association (NiRA).
Speaking on the preparations, the Lead Convener of NDSF and Group Executive Editor of ITREALMS Media Group, Ogbuefi Remmy Nweke, KSM, stated that the 2026 forum marks a crucial trajectory in examining how local multi-stakeholder synergy can sustain the World Summit on the Information Society (WSIS) frameworks to accelerate Nigeria’s digital public infrastructure (DPI) and domain economy.
“We are delighted to have the robust support of critical ecosystem drivers like MTN, ALTON, Upperlink, and NiRA. Their participation underscores the vital importance of multi-stakeholder dialogue in addressing contemporary policy, infrastructure growth, digital rights, and the transition into more advanced, secure digital spaces,” Nweke said.
A major highlight of this year’s forum will be that it will hold under the distinguished chairmanship of industry veteran, Dr. Olusola Teniola (hon), as approved by the Board of Directorate and the Central Committee. Under his chairmanship, the forum will also feature the presentation of the prestigious DigitalSENSE Africa 2026 awards to distinguished players in the ecosystem and corporate technology landscape across the continent.
The forum’s comprehensive agenda will feature high-level plenaries and technical sessions led by seasoned industry experts. Key areas of discourse will cut across the role of regulatory organs in the digital economy, bridging innovation gaps, leveraging Digital Public Infrastructure (DPI) for SME growth, digital rights, and data protection.
The organizers have invited additional internet stakeholders, including civil society organizations (CSOs), academia, young innovators, women in tech, and industry professionals, to maximize the networking and advocacy windows presented by this 16th edition.
With corporate sponsorship tiers spanning Platinum, Gold, Silver, and Bronze partnerships now actively filling up, corporate brand materials and production collaterals are expected to reach the NDSF secretariat on or before Thursday, June 4, 2026, to guarantee technical alignment.
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