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Igbos Not Ready for Digital Wealth, Laments Ekeh, Zinox Boss

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Mr. Leo-Stan Ekeh, chairman of Zinox Group
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Mr. Leo Stan Ekeh, chairman of Zinox Group, one of Africa’s biggest integrated Information and Communication Technology (ICT) conglomerates, has  declared that the Igbo ethnic group is not ready to take advantage of the limitless opportunities which abound to create digital wealth.

Speaking on Wednesday, April 14th at the first ever Enugu State Investment Summit tagged Oganiru 2016 which held at the Michael Okpara Square, Ekeh decried the nonchalant attitude of some South East Governors who, according to him, have near zero investment on infrastructure for digital wealth creation in the 21st century.

Serial digital entrepreneur Ekeh who featured as one of the guest speakers at the summit wondered how leaders in the region intended to create billionaires who will pay taxes in the near future without any form of concrete investment in place for providing opportunities and nurturing the youths.

“I must state here that the Igbos are not ready for digital wealth creation as it is obvious that leaders in the region are not ready to transit to building the knowledge economy which holds the key to achieving this,” he stated.

“Digital wealth is the new mega wealth that rewards the effort in few months or years but you must create solid platforms to uplift you; It is about building creative platforms for our kids and millions of today’s restive youths which will channel their energies and passion towards what is termed today as true miracle wealth. Increased access to education as captured in the building of a knowledge economy, a clear change of attitude, visioning the bigger picture and liberalization of access to information through ICT are core essential requirements to achieving this.

“This is a century of results and not efforts and sincerely, no one was created by God to be poor in this century but government must invest in critical infrastructure for her people to benefit.”

Ekeh, who expressed deep concern with the resource gap between Igbos of his age and the next generation of youths, disclosed that many in his generation were able to build and defend their franchises because the economy was transiting in all sectors from analogue to digital, which they were able to key into.

“This is why you will observe that there is no noticeable gap between my generation and when the likes of erstwhile leaders and successful businessmen from the South-East such as  Odimegwu Ojukwu, Chief Augustine Ilodibe, Godwin Alaefuna Tabansi, Akwiwus and Ferdinand Anaghara, among others held sway.

“It is unfortunate that the next level after us has not been able to interface due to lack of determination by government to invest and create platforms that will host our brilliant but impatient kids to activate wealth in this century. Some states in Nigeria are now run on pay-as-you-go as some of our leaders are not interested in investing in quality relevant infrastructure which is the foundation to sustenance of an economy. This is why all manners of social vices such as kidnapping have become an occupation.

“My sincere advice is that it is not too late to make a fresh start. The Presidential Hotel Enugu and Imo Concorde Hotel, for instance could be converted by both state governments into digital incubation centres which could raise 200 companies each with a prospect of creating more wealth in the next four years than the annual allocation of each state.  Why can’t we host the largest movie production studio and entertainment centre in same premises for cost efficiency?

“The multiplier effect is unquantifiable in the long run as the first two years will see each state employing over a thousand five hundred potential dollar billionaires. I panic because my people love the good life, have energy and intelligence and are today more educated than most of us and the generation before us. If the government ignores them in this new race for digital wealth, they will incubate negatively and the Igbo nation may face eternal crisis.

“We are now in a century where Godfathers will become obsolete in the 2nd quarter while  competence, capacity and commitment shall be the basis for survival. We are nearly over with the phase where bank loans and contracts are extended based on emotions or who you know. We are now faced with the reality of knowledge of what you do as many youths can potentially create more wealth in a year than their parents created in two generations.”

While commending the Enugu State Government for the courage in organizing this world-class summit, he advised the Governor to identify few sectors that Enugu must lead in Africa and possibly in the world and invest in them.

Ekeh urged leaders in the South-East to embrace the global revolution in digital wealth creation.

“You must invest in quality education, protect basic infrastructure like fibre optic cables, power stations, telecoms towers and cell sites etc. for the growth of the region. There are so many investors including myself looking for conducive places in Nigeria to invest and Enugu could be that hub that should be seen as cost efficient, friendly and futuristic.”

Ekeh who received a standing ovation for his speech, advised Igbo parents to invest less on dead, analogue assets like property and other short-term status assets and instead take sensible risks with their well-informed children. While describing himself as a testimony in the new digital space, he insists that parents must trust our well-trained youths because they understand global economic direction, are better educated, more exposed and will create unquantifiable wealth with style for themselves, the family, state and the nation. 

According to him, his book which is set for release next year will reveal a bit more on these worthwhile and life-changing interventions.

The three-day summit with the theme, “Beyond Oil: Fostering Inclusive Economic Growth & Sustainable Development”, brought together local and international business leaders and investors, bankers, financiers, the diplomatic community and the academia to explore Enugu’s rich potential – and that of the entire South-East – in a wide range of industries including agriculture, solid minerals and mining, power generation and distribution, infrastructure and real estate development, tourism and hospitality, education, ICT, media and entertainment.


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E-Business

FG Approves Electric Buses for Civil Servants, Pushes Local Auto Growth

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Federal Government of Nigeria has approved the acquisition of electric buses for civil servants as part of efforts to promote cleaner transportation and boost local vehicle manufacturing.

FG Approves Electric Buses for Civil Servants, Pushes Local Auto Growth

The development was disclosed in Abuja by Joseph Osanipin, Director-General of the National Automotive Design and Development Council (NADDC). Osanipin said the buses would be sourced from local assemblers to strengthen domestic production and stimulate growth in Nigeria’s automotive sector.

He stated: “The initiative is aimed at encouraging the transition to cleaner mobility while creating opportunities for local manufacturers.” According to him, the government has also procured charging infrastructure that will be deployed across parts of the country to support the adoption of electric vehicles.

As part of broader efforts to develop the sector, the council is establishing the Nnewi Automotive Development Park in Anambra State. Osanipin explained: “We are developing the Nnewi Automotive Development Park where we will provide the necessary infrastructure so that users of the park can share facilities.”

He added that the shared infrastructure model would enable investors and manufacturers to operate without bearing the full cost of setting up independent facilities. The council is also seeking additional investment to accelerate the development of the park and attract more industry participants.

Osanipin urged Nigerians to support locally assembled vehicles, noting that increased patronage would help create jobs and drive economic growth. He said the council is providing training to manufacturers and stakeholders to enhance local production of vehicle components such as batteries and tyres.

“The move will reduce import dependence, create employment opportunities, and contribute to the country’s Gross Domestic Product,” he said. The NADDC is also working with the Bank of Industry Nigeria to facilitate the disbursement of the National Automotive Development Fund to qualified stakeholders.


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Jumia Reaffirms Commitment to Consumer Trust on World Consumer Rights Day

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As the global community commemorates World Consumer Rights Day, Jumia Nigeria joined industry leaders, regulators, and consumer advocates at the Lagos Marriott Hotel, Ikeja, for a high-level panel session hosted by the Lagos State Consumer Protection Agency (LASCOPA) on Tuesday, March 17, 2026.

Speaking during the session, Peters Afebuame, Group Head of Content and Production at Jumia, highlighted Jumia’s comprehensive approach to protecting consumers from counterfeit or adulterated products on its marketplace, noting that the company has implemented structured checks and technology-driven systems across the entire product lifecycle, from seller onboarding to post-listing monitoring, to safeguard product authenticity.

“Ensuring product authenticity on our platform requires a combination of technology, policy enforcement, and continuous seller engagement,” he stated.

“At Jumia Nigeria, we have implemented a multi-layered process that begins with rigorous seller onboarding and policy agreements, followed by catalogue configuration controls, AI-driven product attribute verification, and the use of global product identification standards. These systems are reinforced by ongoing quality moderation, brand protection mechanisms, and strict enforcement actions, including product and seller delisting, ensuring that customers can shop on our platform with confidence.”

Central to Jumia’s consumer protection framework is a rigorous seller verification process designed to ensure marketplace integrity. Vendors are required to provide proof of legal and regulatory compliance before gaining access to the platform. This vetting process is reinforced by a strict quality control system that monitors products listed on the platform, backed by a zero-tolerance policy toward counterfeit or substandard goods. Non-compliant sellers face penalties and permanent delisting from the marketplace.

Transparency also remains a core priority in helping customers make informed purchasing decisions. Product listings across the platform feature clear specifications, verified descriptions, and detailed images, enabling shoppers to understand exactly what they are purchasing before completing a transaction.

Recognising that digital literacy plays a critical role in online safety, Jumia continues to invest in consumer education initiatives through instructional “how-to” videos, platform guides, and social media campaigns that equip Nigerian shoppers with practical knowledge to navigate online shopping securely and confidently.

To further strengthen transaction security, Jumia leverages its proprietary payment solution, JumiaPay, which provides a secure and encrypted payment infrastructure designed to protect customer financial data. The company also adheres to internationally recognised data protection standards such as the General Data Protection Regulation (GDPR) and local regulatory frameworks established by the Nigeria Data Protection Commission (NDPC), ensuring responsible handling and protection of user information.

Beyond the point of purchase, Jumia reinforces consumer protection through a customer-centric return and refund policy designed to ensure seamless resolution when issues arise. A dedicated customer service team also provides support through multiple channels, including phone and social media, enabling swift response to consumer inquiries and complaints.

As e-commerce continues to expand across Nigeria, Jumia reaffirmed its commitment to building a marketplace that prioritises fairness, transparency, and consumer safety. Through continuous investment in technology, strong policy enforcement, and ongoing consumer engagement, the company aims to strengthen trust and confidence in Nigeria’s growing digital commerce ecosystem.


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FG Determined to Protect Rights, Privacy Online- NITDA

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Federal government is determined to protect Nigerians’ rights and privacy in the digital space, according to Dr Ayodele Bakare, assistant director, Cybersecurity Department, National Information Technology Development Agency (NITDA),

FG Determined to Protect Rights, Privacy Online- NITDA

To achieve that, Bakare, said that the government has developed several policy and regulatory frameworks to strengthen cybersecurity.

Bakare, stated all these during an interview with the News Agency of Nigeria (NAN) in Abuja on Monday.

He said that cybersecurity governance in Nigeria was implemented through a collaborative approach involving multiple government institutions with different responsibilities.

According to him, the Office of the National Security Adviser (ONSA) provides overall coordination of national cybersecurity efforts through the National Cybersecurity Coordination Centre, which serves as its operational arm.

“At the national level, cybersecurity implementation is done collectively, and different government organisations are responsible for implementing different aspects of the national cybersecurity framework.

“At the top, however, the Office of the National Security Adviser coordinates these efforts through the National Cybersecurity Coordination Centre,” he said.

Bakare said that one of the key policy instruments guiding the country’s cybersecurity efforts was the National Cybersecurity Policy and Strategy Framework.

He also highlighted the legal framework provided by the Cybercrimes Prohibition and Prevention Act 2015, which was recently amended in 2024 to strengthen Nigeria’s response to cyber threats and digital crimes.

According to him, NITDA has also introduced sector-specific regulations to enhance cybersecurity in the country.

“One such regulation is the National Public Key Infrastructure Regulation, which is one of the core infrastructures required to ensure trust and security in digital communications and transactions,” he said.

Bakare said that NITDA played a pioneering role in Nigeria’s data protection landscape through the Nigeria Data Protection Regulation 2019, which laid the foundation for the current data protection framework.

He said the regulation had since evolved into a full legal framework implemented by the Nigeria Data Protection Commission.

Bakare disclosed that the agency was also finalising an Information Security Regulation that would soon be made available to the public.

He further explained that the regulation would provide organisations and individuals with clear guidelines on their responsibilities in safeguarding information and digital assets.

“Nigeria has continued to strengthen its legal and policy environment for cybersecurity, a development reflected in the country’s performance in the Global Cybersecurity Index.

“One of the pillars of the index focuses on legal measures and assesses the availability of national cybersecurity laws and regulations.

“Nigeria recorded a strong performance under the legal measures pillar, reflecting the country’s efforts to establish the necessary frameworks to support cybersecurity governance,” he told NAN.

He said that sustained collaboration among government agencies and stakeholders remained essential to effectively implement the existing policies and strengthen Nigeria’s digital security architecture.


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