General News
I4J Will Create Mega ICT Companies-Ajayi
Engineer Lanre Ajayi, president of the Nigeria Internet Group (NIG) and managing director, managing director of PiNet Informatics is
an advocate of cheap and affordable bandwidth. He is listed one of the icons of Information and Communication Technology in Nigeria. Ajayi spoke to chike onwuegbuchi and hilary okeke.
Internet for Jobs (I4J) initiative
I4J is an initiative of the Nigerian Internet Group designed to use the internet as a platform for creating jobs.
That is the primary objective of I4J but there are so many other auxiliary objectives. As a matter of fact, the vision of I4J is to make Nigeria an information society where the citizens are engaged in knowledge driven activities. So, in the process of doing that we believe that jobs will be created and the society will be transformed into an information society. We are killing two birds with one stone; we have come to transform the society from the present state into information driven one and at the same time create knowledge driven jobs for the people. We launched the initiative last year. It was launched by the executive vice chairman of Nigerian Communications Commission (NCC) and the director general of NITTDA and between then and now; there has been tremendous progress on the initiative. We have established promoters for the initiative, people who have accepted to commit themselves to promoting the initiative and they are basically representatives of various sectors of the economy; in other words, it is a multi-sector partnership. The civil society is going to be represented in the partnership by the Nigerian Internet Group while the Government is going to be represented by the NCC and NITTDA; the private sector is represented by Zenith Bank. So, put together, a multi-sector partnership to promote I4J. We are very pleased with the level of success of the I4J today. We have not actually commenced activities in full but all preparations for the commencement have been made. What I mean by commencement is when people, organizations, government, establishments, actually start applying for I4J and their applications are reviewed and we admit them into the programme and they start putting their services online. The objective is that government services should be online and private ones too. We believe that when services are put online, the people who are engaged in these activities are being given some jobs to do and by that, very creative minds, bright and vibrant entrepreneurs will have an opportunity to come up with innovative services on the internet. We are pleased with the rate of development of the I4J so far.
Commencement of activities
Well, I will say we just started doing that. I’m sure you saw our adverts on that; we’ve advertised requesting for applications and those have started coming in. What I mean is that we have not started giving grants; the intention is to give grants to those who have viable and qualified projects. So, we have advertised for beneficiaries to apply and we have gotten good response from all over the country: Port-Harcourt, Lagos, Abuja, Kaduna, Kano and so on. People have started applying for I4J. We still expect more applications then review, admit qualified ones into the programme, secure grants for them from sponsors and hopefully in the near future, we will start seeing services in Nigeria online. We hope that with I4J, we will be able to create mega IT companies in the mode of Yahoo, Google, and Amazon.com. They don’t have to start big; they only have to be creative. They can start small and grow big. We know we have very talented people in this country, they only need to be motivated and that motivation is what I4J is trying to give to various creative entrepreneurs and even government departments.
Government Services not Online.
We realized that lack of awareness is one of the biggest challenges to the availability of government services online. To start with, many people in government do not see an urgent need to put their services online. Secondly, even those who have seen the advantages of doing that do not know how to go about it. Putting services online makes organizations more efficient, it cuts cost, it’s cheaper for organizations to put their forms online than printing them and it is also cheaper for the users to download them from the internet other than going to obtain them in person. The lack of awareness is in two ways: first is the lack of awareness of its benefits and the second is the lack of the capability to put those services online. I4J will intervene in these areas, create the right awareness on the benefit of putting services online and also help government organizations build capacity on how to achieve this. Infact that is one of the methodologies of I4J. We will be assisting government departments, individuals, entrepreneurs, businesses, etc to put their services online. Putting services online goes beyond just setting up a website. Most websites you see in the country today are just informational sites where people just get information about organizations. When we talk about putting services online, your website should be transactional; people must be able to transact business on that website-buy your services, pay for them; if it is an electronic good, get it delivered instantly, if it is a physical good, get it delivered by courier. Those are the things we are looking at. There is no reason why you cannot buy goods online from the comfort of your home, there is no reason why you cannot fill government forms online. It is being done everywhere in the world and hardly being done in Nigeria. Most of the things we go out to do can be done from t comfort of our homes or offices, that is the power the internet has given us but it is not happening in Nigeria. So, those are the things I4J is set to address and I’m hoping that while addressing those challenges, while creating those opportunities, jobs are being created.
Broadening and Making Internet More Affordable
In 1995 when the Nigerian Internet Group was formed, one of the major objectives was to promote internet access by Nigerians. There campaigns have been successful because due to their efforts, the first set of ISPs was licensed by government. Initially, government was very reluctant but due to the campaigns by NIG through seminars, symposiums, etc; government saw the importance of the internet and licensed some ISPs. Between now and then, internet access has tremendously improved in the country. It is still largely concentrated in the cities and even in the cities we are still paying about $100 per month for dial up whereas in other countries they pay about $50 per month for broadband. So we are paying too much for internet access and it is not even going to the rural parts of the country. NIG spent a good part of its years promoting access and that is surely improving and will get better with time. We have reasons to believe that. We shifted our campaign a bit away from access to content. If you have access and you don’t have the appropriate content, the access will be grossly under-utilized, users’ demand will drop. But where there is content, there will be need for that access. We then decided to look at content and it is in attempt to promote local content that we designed I4J. So, I4J is killing so many birds and not just two. It is creating opportunity for development of local content as well as creating IT jobs for Nigerians and will transform our society into a knowledge driven one, an information society. Local content is very crucial; once you have it there will be intense demand for access. People in the rural areas will struggle for access too and someone will give that access to them. I can tell you that some of the things that should be done to improve access are already being done. For example, the NCC commenced the Unified Licensing Regime about 2 years ago. The essence of that is that all the service providers can provide any service. In other words, the ISPs can do voice, the PTOs and GSM companies can do internet. As a matter of fact, some of the GSM operators are already gearing up to start full internet provision. The 3G is essentially an internet service enhancement; it is just giving you a faster internet. Some of them are preparing to roll out Wimax, some are doing e-video and some are even making more from internet than voice. Those are the things that will drive access, just imagine if a GSM company decides to roll out Wimax even in an existing base station. Most of them have these base stations all over Nigeria including the rural areas. Within a short time, the whole country can be covered by Wimax and everyone will have internet access and I’m sure it will happen just like it did with telephone access. If that can happen with telephone, given the right technology broadband services can also be deployed. We are not too worried about access; we know it is not very good at the moment but in a couple of years, it will be available. Then the question arises, what are the people using this access for? If there is no local content, the access will not be optimized; we would just keep downloading information from abroad and not able to push any out and information can create wealth. So, we are now focusing on promoting local content and when that is developed, jobs will be created and that is the logic behind the I4J initiative.
ISPs and Sharp Practices
Honestly, if internet links are not shared, very few people will be able to afford the internet because it costs the ISPs a fortune to procure bandwidth. The need arises to share the bandwidth amongst many people as well as the cost. If people want to get dedicated links, yes they will get faster access but they should also be ready to bear the cost. It still boils down to the fact that the cost of internet access is high. I do not think those ISPs are over profiteering. If they were, they would have grown tremendously. But they should endeavour to tell their customers the truth; if bandwidths are being shared, they should know. Most of the access will remain shared because that is what is affordable; what is needed to be done is to bring down the price of international bandwidth and to keep our local traffic local so that we do not have to pay the cost of international bandwidth for traffics that are local and all costs should be minimal. A way to achieve this is to create competition. Presently, the SAT3 cable is the only one entering Nigeria and the only alternative is the satellite. There is the need to build alternative cables. I’m glad to note that alternatives are being built now. We have the GLO1 and the Main Street1 cable coming on board to compete with SAT3. A lot of people are gearing up to roll out Wimax. If we have cheap international bandwidth and are able to efficiently distribute access, then we are right on track. The GLO cable and the Main Street cable are going to connect to other parts of Africa and Europe and these are built by Nigerian entrepreneurs. I think we are lucky in that area to have people who think in that direction. I believe that very soon, we are going to have cheaper and better access to the internet.
NIGCOMSAT and Cost of Internet Access?
NIGCOMSAT is certainly relevant. I talked about cable but regrettably, cable cannot cover the whole country. So, the satellite will be there to fill the gap. Wherever the cable cannot get to, the satellite will cover. The existence of NIGCOMSAT is a welcome development but unfortunately, I have a problem with their business model. NIGCOMSAT is a satellite company that should be selling bandwidths to operators. But it now wants to compete with operators by selling bandwidths to end users. That is a business model that is not known to work in most of the cases. If NIGCOMSAT had been selling bandwidths to existing operators, there would have been more business. The efforts they should have used in selling their existing bandwidths are now channeled into the setting up of infrastructures to compete with operators. Those operators now perceive them as competitors and would not want to do business with them. But they have an advantage, they have a good product. The objective of having a company like NIGCOMSAT is fine but the business model has to be reviewed. So, the satellite would always be required but the cost and quality may not be comparable to the cable. It should be there as an alternative and not necessarily the primary source of access to the internet. Both means have advantages and associated disadvantages.
General News
Fiona Ahimie Launches LEADHER Mentorship Session to Inspire the Next Generation of Female Leaders

As part of activities leading up to her investiture as the 14th President of the Chartered Institute of Stockbrokers (CIS) and the first female President in the Institute’s history, Dr. Fiona Ahmed Ahimie, Managing Director of First Securities Brokers Limited, hosted the inaugural LeadHER Mentorship Session last week.

The session, themed “Leading with Purpose, Breaking Barriers, Building Legacy,” brought together emerging female professionals and aspiring leaders from across various industries for an engaging afternoon of mentorship, learning, and empowerment.
The LeadHER Mentorship Session was designed to provide participants with practical insights into leadership, career advancement, personal development, and navigating challenges in the traditionally male-dominated sectors.
Through candid conversations and shared experiences, attendees gained valuable perspectives on building successful careers while creating lasting impact within their organizations and communities.
Speaking at the event, Dr. Ahimie noted that leadership is not merely about achieving personal success but about creating pathways for others to thrive.
“Throughout my professional journey, I have benefited from the guidance, support, and encouragement of remarkable mentors. The LeadHER Mentorship Session is an opportunity to pay that forward by equipping and inspiring the next generation of women to pursue excellence, embrace leadership opportunities, and break barriers with confidence,” she said.
The mentorship session forms part of a broader commitment to advancing female participation and leadership within Nigeria’s financial services industry and the wider corporate ecosystem. It also reflects Dr. Ahimie’s longstanding dedication to talent development, professional excellence, and inclusive leadership.
The event provided a platform for meaningful dialogue, networking, and knowledge sharing.
Dr. Ahimie’s investiture as President of the Chartered Institute of Stockbrokers marks a historic milestone for the Institute and the Nigerian capital market, underscoring the growing role of women in shaping the future of the financial services industry.
General News
How Haneefah Adam Beat Artists Nationwide to Win Prestigious Futures Art Award

Ventures Platform and the Yemisi Shyllon Museum of Art (YSMA), Pan-Atlantic University, are pleased to announce Haneefah Adam as the winner of the inaugural Ventures Platform–YSMA Futures Art Award, a pioneering public art commission established to support artistic innovation and future-focused cultural expression in Nigeria.

L-R: Kola Aina, Founding Partner, Ventures Platform; Dotun Olowoporokun, Managing Partner, Ventures Platform; Haneefah Adam, Artist and winner of the Futures Art Award; and Jess Castellote, Director, Yemisi Shyllon Museum of Art, Pan-Atlantic University during the Presentation of the Ventures Platform-YSMA Futures Art Award at Ventures Platform’s 10th Anniversary Dinner in Lagos on June 19, 2026.
The announcement was made during the 10th Anniversary Dinner of Ventures Platform in Lagos, where Haneefah was formally recognized following a competitive national selection process that attracted submissions from artists and art collectives across Nigeria.
As the winner of the Award, Haneefah will be commissioned to create a 12-foot public sculpture titled Bloom in Unexpected Places, which will be permanently installed within the YSMA and Pan-Atlantic University environment.
Selected through a rigorous jury process involving leading artists, curators, scholars, and cultural professionals, the proposal distinguished itself through its originality, conceptual strength, artistic ambition, and thoughtful engagement with the Award’s central theme: Reimagine the future and build into form through art.
The work explores themes of growth, resilience, innovation, and possibility, inviting audiences to reflect on how creativity and human ingenuity can flourish in unexpected circumstances and environments. Through its scale and public presence, the installation is intended to spark conversations about the future while enriching the cultural landscape of the University and the wider community.
The Award represents a landmark moment in Haneefah Adam’s artistic journey. While she has earned recognition for her innovative and socially engaged practice, this commission marks her first institutional award, her first major public art commission, and the largest public artwork of her career to date.
Speaking on behalf of YSMA, Museum Director, Jess Castellote described the Award as an important investment in both artists and public culture.
“At YSMA, we believe museums have a responsibility not only to preserve cultural heritage but also to support the creation of new cultural futures. Haneefah’s proposal impressed the Jury with its clarity, imagination, and relevance to contemporary conversations about innovation and possibility.
“We are delighted to support the realization of this ambitious work and to welcome it into the Museum’s growing public art programme.
“The Ventures Platform–YSMA Futures Art Award demonstrates what is possible when cultural institutions and private-sector partners work together to invest in creativity and public engagement.”
For Ventures Platform, the Award forms part of its broader vision of supporting the systems, ideas, and people shaping Africa’s future.
According to Kola Aina, Founder and General Partner of Ventures Platform: “As we celebrate ten years of backing visionary founders across Africa, we wanted to create something that reflects our belief that innovation is not confined to technology or business alone.
“The future is also imagined through culture, creativity, and the stories we tell about ourselves. This Award represents an investment in imagination itself.
“Haneefah’s proposal captures that spirit beautifully, and we are excited to see it come to life as a public artwork that inspires curiosity, reflection, and optimism.”
The Award is one component of a broader three-year collaboration between Ventures Platform and YSMA, which also includes entrepreneurship-focused masterclasses, guest lectures, and student engagement initiatives within the Pan-Atlantic University ecosystem.
Supporting the long-term legacy of the programme is Atsur Technologies Ltd, the exclusive Provenance Infrastructure and Physical-Digital Documentation Partner for the Ventures Platform–YSMA Futures Art Award. Through this partnership, every commissioned artwork produced under the Award will be professionally digitized, authenticated, and recorded using Artsur’s provenance and collection management technology, ensuring robust documentation of the artist’s creative process, the artwork’s history, and its enduring place within Nigeria’s cultural record. This partnership reflects a shared commitment to strengthening transparency, documentation standards, and the long-term preservation of contemporary African artistic production using innovative technologies.
Commenting on her selection, Haneefah Adam expressed gratitude for the opportunity and excitement about the journey ahead.
“I am deeply honoured to be the inaugural recipient of the Ventures Platform–YSMA Futures Art Award. To have my work selected from among so many strong submissions is both humbling and encouraging. Bloom in Unexpected Places is rooted in the belief that creativity, hope, and transformation can emerge even in the most unlikely circumstances. I look forward to working with YSMA and Ventures Platform to bring this vision into the public realm and create a work that invites people to think differently about the future.”
Beyond the commissioning of a single artwork, the Ventures Platform–YSMA Futures Art Award seeks to establish a new model for collaboration between the cultural and innovation sectors. By positioning artists as active participants in conversations about technology, entrepreneurship, and societal transformation, the Award expands the ways in which the future can be imagined, questioned, and made visible.
As work begins on Bloom in Unexpected Places, the project signals a bold commitment by both Ventures Platform and YSMA to nurturing creative talent, supporting public art, and fostering interdisciplinary approaches to shaping the future.
General News
ALTON Backs CBN on Local Data Hosting Rule for Banks, Fintechs

Association of Licensed Telecommunications Operators of Nigeria (ALTON), official industry body and advocacy group for major telecommunications providers in Nigeria, has backed the Central Bank of Nigeria’s (CBN) directive requiring banks and fintechs to host payment transaction data locally.

Gbenga Adebayo, chairman, ALTON
Gbenga Adebayo, chairman, ALTON, said this in an interview with the News Agency of Nigeria (NAN) in Lagosat the weekend.
His position follows a recent CBN directive mandating that banks, fintechs, and other payment service providers store payment transaction data generated in Nigeria on local servers from January 1, 2027.
The directive forms part of measures aimed at strengthening oversight of the country’s rapidly growing digital payments ecosystem.
Adebayo said data sovereignty required countries to take responsibility for their entire data value chain.
According to him, this covers data collection, management, storage, and integrity assurance.
“We cannot continue to outsource that to other jurisdictions.
“The more we host our data locally, the better for us,” he said.
Adebayo said local hosting would enable Nigeria to manage data end-to-end and guarantee the integrity of critical information.
He noted that hosting payment data outside the country increased communication requirements, latency, and retrieval costs.
“For every transaction involving data hosted outside our shores, communication has to take place from your location to the host and back.
“It increases latency and also increases the cost of data retrieval,” he said.
The ALTON chairman described the directive as an important first step toward achieving national data sovereignty.
He also dismissed concerns about infrastructure readiness, saying Nigeria already had significant data center capacity.
According to him, several Nigerian-owned facilities currently host data for organisations operating from other jurisdictions.
“I’m happy to say that we have a lot of data centres owned and managed by Nigerians that are hosting data from other jurisdictions.
“If people overseas can host their data here, why can’t we host our own data here?” he queried.
Adebayo argued that local hosting would reduce dependence on foreign infrastructure while improving national control over data security.
He said concerns about security and reliability should not justify continued reliance on foreign hosting providers.
“No one can protect your house better than yourself.
“You have more at stake in terms of security and safety than somebody else hosting your data,” he said.
The telecom industry leader also highlighted the cost implications of local hosting.
He said organisations that host data locally would pay in local currency rather than foreign currency.
According to him, this would help reduce exposure to exchange rate pressures and lower long-term operating costs.
Adebayo said Nigeria currently had about six Tier III data centres, with additional facilities under development.
He, however, stressed that capacity was more important than the number of facilities.
“It’s not just about the numbers; it’s about the capacity of what they can host.
“So far, we can,” he said.
He urged stakeholders to accelerate efforts toward domestic data hosting and management.
“The earlier we begin to domesticate our data hosting and data management, the better for us,” Adebayo added.
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