E-Business
How the Youth of Nigeria are Leading Africa to Brighter Future

Africa is leading the way for global Bitcoin adoption and the rest of the world is getting a front row seat. In the last year, reports show that the market in Africa has grown over 1200% with countries like Kenya, South Africa and Nigeria ranking among the highest in grassroots adoption in the world.

Its widespread popularity is clear as Bitcoin fulfills both personal finance needs and entrepreneurial ventures, including remittance, e-commerce, payments, wealth preservation and social good.
At Paxful, we’re seeing the growth across the continent first-hand. With over 9M users and nearing 10M globally, much of the growth we’ve experienced has largely been driven by Africa – specifically the people of Nigeria.
Nigeria is Paxful’s largest country based on trade volume with over $760M traded just last year.
Breaking it down, in 2021, over 16,000 trades were completed across Nigeria each day – an impressive number that speaks to the high adoption rates in the country.
But at the source of this widespread adoption of Bitcoin is the youth of Nigeria.
Nigeria has one of the youngest populations in the world, with over 75% of its population under the age of 35. Highly entrepreneurial and resourceful, it’s no surprise that Bitcoin has flourished in the country.
There is an incredible amount of potential that exists in Nigeria that can help the economic success of not only the country, but of the continent as a whole.
By providing resources and education of the use cases of Bitcoin we can be a part of the solution and empower individuals to achieve financial freedom.
Paxful users Muyideen Sulaiman and Mubarak Sulaiman are prime examples of how the youth of Nigeria are innovating and finding new uses for Bitcoin in both their personal lives and careers. Living in Ilorin, Nigeria, the brothers started the P&F Network, a philanthropic organization that helps underserved communities in Nigeria by providing food and other resources. The brothers also run P&F Models Management, a modeling agency founded by the P&F Network.
For them, Bitcoin has been an important tool, providing an alternative source of income that allows them to invest in their business and do more work for the people they serve.
In working for both sectors and as traders on Paxful, Muyideen says that they complement each other. He shares, “Paxful has allowed me to rapidly transform my financial capability. The crypto space [has generated] income for me, which gives me more room to further boost the businesses and allows me to comfortably broaden our reach.”
The brothers’ adoption of Bitcoin has continued to have a ripple effect on their community. Currently, African modeling agencies face expensive transfer fees, especially when receiving payments from overseas.
Muyideen firmly believes that if agencies have options to pay in Bitcoin, payments could be made effortlessly across the world.
At their agency, Muyideen and Mubarak encourage their models to use Paxful and are on a mission to onboard other agencies to Bitcoin to make money transfers more seamless. This means more accessibility to finances for everyone – financial freedom.
Muyideen and Mubarak show us how Bitcoin can financially empower and change lives. Bitcoin offers an alternative to traditional finance that is permissionless, borderless, and inclusive of everyone.
With Bitcoin and the youth of Nigeria leading the way, the future looks bright for Africa.
E-Business
Nigeria Needs Some 480,000 Local DPOs for Data Protection

Nigeria needs some 480,000 data protection officers (DPOs), to develop, implement, and oversee organizations’ data privacy strategy to ensure compliance with laws like the GDPR and the Nigeria Data Protection Act (NDPA).

Currently only about 10,000 individuals possess the necessary certification highlighting a major skills gap, according Vincent Olatunji, national commissioner, Nigeria Data Protection Commission (NDPC).
Olatunji spoke on Monday at the second edition of its Data Protection Officers training and certification programme in Abuja and Lagos.
He said that the NDPC has domesticated the certification of data protection officers (DPOs) to address the widening gap in certified DPOs, despite steady growth in the number of trained professionals over the past three years.
“At the moment, we have about 10,000 certified DPOs to work in that space. The gap of about 480,000 still exists,” he said.
The shortfall reflects rising demand for data privacy skills as more businesses, government agencies and digital platforms process personal data under the Nigeria Data Protection Act.
Olatunji said the number of certified DPOs has grown from fewer than 1,000 three years ago to over 10,000, while more than 27,000 professionals now operate within Nigeria’s wider data protection ecosystem.
He said the commission is scaling up training and certification efforts to close the gap and position Nigeria as a leading source of data protection talent in Africa.
“Our goal is to make Nigeria the go-to country when it comes to sourcing qualified data protection officers in Africa,” he said, adding that the certification meets global standards.
The NDPC said expanding the talent pool could also support job creation and strengthen trust in Nigeria’s digital economy.
Tolu Fadipe, head of research and development at the commission, said data protection is becoming critical as the country moves deeper into digital systems and emerging technologies.
“As we move towards a digital economy, data becomes central and protecting that data is essential,” she said.
Adeola Sopade, lead trainer, said participants in the programme would be trained on global best practices, including data protection principles, compliance requirements and handling user data requests.
The training also includes practical exposure and internships with organisations to improve job readiness.
Participants said the programme offers opportunities for young Nigerians to build careers in technology and prepare for emerging fields such as artificial intelligence.
E-Business
FG Unveils ePharmacy Platform to Regulate Digital Pharmaceutical Services

Federal government has inaugurated the Electronic Pharmacy Regulation Platform (E-Pharmacy) to enhance the safety of online healthcare services.

Pic credit….healthreporters.info
The platform, championed by the Pharmacy Council of Nigeria (PCN), is designed to regulate digital pharmaceutical services and improve public health outcomes.
Inaugurating the platform, Prof. Ali Pate, coordinating minister of Health and Social Welfare, said the initiative signified Nigeria’s commitment to building a world-class regulatory environment.
Pate noted that pharmacy regulation had faced significant challenges for over three decades but expressed optimism that the new platform would strengthen oversight and accountability.
He said the initiative would enable evidence-based monitoring of pharmaceutical practices while supporting innovation and investment in the health sector.
“This launch is a testament to our collective commitment to advancing technology in the service of health, safety and human dignity.
“It is a decisive step to ensure that pharmaceutical practice in Nigeria aligns with national and global health priorities, reflecting the realities of the 21st century.
“It enables the country to adopt evidence-based approaches to monitoring and protecting public health while supporting innovation and investment,” he said.
The minister added that the platform would help establish a safe, accessible and well-regulated national e-pharmacy ecosystem driven by digital technology.
Earlier, Alhaji Ibrahim Ahmed, registrar/chief executive officer of PCN, said the need to regulate online pharmacy operations became more urgent during the COVID-19 pandemic.
Ahmed said the pandemic accelerated the adoption of digital tools and e-commerce in healthcare, exposing longstanding inefficiencies in pharmaceutical supply chains, particularly in Africa and Nigeria.
“This has led to the increasing adoption of digitised distribution of essential medicines through cost-effective and technology-enabled models.
“For decades, PCN has regulated pharmacy education, training, practice and business in Nigeria. However, as the world shifts towards digital solutions, access to medicines has evolved.
“The Electronic Pharmacy Regulations 2026 provide a comprehensive legal and technical framework for the registration, licensing, operation and oversight of digital pharmaceutical services,” he said.
He added that the framework would ensure that ethical standards and patient safety are not compromised in the delivery of online pharmaceutical services.
E-Business
Flutterwave Targets Anambra as South-East Tech Hub

Olugbenga Agboola, CEO, Flutterwave, has announced plans to establish Anambra State as the company’s hub for Nigeria’s South East, leveraging a fresh banking license from the Central Bank of Nigeria (CBN) to boost local fintech and businesses.

Flutterwave
Agboola made the disclosure yesterday in Awka during a meeting with Anambra tech community leaders, hosted alongside Dr. Stanley Uzochukwu, CEO, Stanel Group and proprietor, Delborough Hotel.
He highlighted Flutterwave’s status as Africa’s leading payment system, born in Nigeria, with infrastructure powering companies nationwide.
“We want Anambra to be our hub for the entire South East,” Agboola said. “We’ll deploy our systems, fees, infrastructure, and POS terminals to every small business and large firm here, making our services the top consumer choice.”
Agboola pledged a massive impact program for Anambra entrepreneurs to foster global platforms from the state, enabled by the new license for faster growth.
For a decade, Flutterwave has facilitated payments, but now aims to empower South East businesses through partnerships, POS access, loans, and value for SMEs.
“We’re partnering on a huge impact program launching soon—impacting the tech community with technology, financing, and lending to create more millionaires from this city,” he added.
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