Telecom
IHS’ Impact on Nigeria’s Digital Transformation, Foreign Direct Investments Drive
By Blessed Omonose.
Proudly Nigerian Campaign, a private sector initiative promoted by media entrepreneur, Olorogun Elkanah Mowarin, in 2017, was one of the popular efforts to elicit pride in resourceful Nigerians and made-in-Nigeria products and services. The central theme of the campaign was to project Nigeria and Nigerians as a Brand by generating positive narratives about Nigeria and her people.
Today, IHS Nigeria is one notable corporate brand that wears the Proudly Nigerian emblem with gait and a commitment to promote Nigeria as a good brand, despite some challenges the country faces.
Last October, President Bola Tinubu played host to a team of senior management of IHS Nigeria in New York, United States on the sideline of the United Nations General Assembly. During the meeting, the Executive Vice President (EVP) and Chief Human Resources Officer, Ayotade Oyinlola, listed the company’s giant strides, including its consistent investments in state-of-the-art communication infrastructure and world-class services that have put Nigeria on a very strong footing in the global telecommunication market.
Oyinlola said at the time, that in an era where connectivity serves as the lifeblood of societies and economies, IHS Towers stands as a beacon of success, demonstrating how a company that was established in Nigeria, in a little over two decades (2001), has grown to become a reckonable multinational telecom infrastructure powerhouse, with footprints in 11 countries across three continents and impacting the lives of over 800 million people.
The team asserted that the company, despite having an expansive global footprint, including a remarkable global tower count of over 40,000 towers across Nigeria, Brazil, Cameroon, Colombia, Côte d’Ivoire, Egypt, Kuwait, Peru, Rwanda, South Africa and Zambia, proudly maintains its Nigerian identity.
In May 2024, IHS Nigeria again proudly carried the Nigerian green-white-green flag to the 2024 Corporate Council on Africa’s 16th U.S.-Africa Business Summit, held at the prestigious Kay Bailey Hutchison Convention, Dallas, Texas, USA. The telecoms infrastructure company, both as co-sponsor and participant at the strategic international summit leveraged the platform to market Nigeria’s limitless opportunities.
The summit – a pivotal moment in the convergence of global leaders, industry titans, and visionary entrepreneurs seeking to unlock Africa’s digital potential and foster sustainable economic growth, was attended by prominent leaders from the Corporate Council on Africa (CCA), including Florie Liser, President, and John Olajide, Chairman, representing CCA, as well as members of a strong leadership team from IHS Nigeria including IHS Nigeria’s Chief Operating Officer, Kazeem Oladepo, Dapo Otunla, Chief Corporate Services Officer, and Seye Dosunmu, Chief Financial Officer, respectively. Mohamad Darwish, Co-Founder & Executive Vice President of IHS Towers and CEO IHS Nigeria, serves as a notable Board member on the Planning and Programs Committee in CCA.
With the increasing influence and power of technology, a high-level dialogue titled, “Unlocking Africa’s Digital Potential – Addressing Challenges and Expanding Opportunities,” opened the discourse where IHS Nigeria showcased its pivotal role in charting a course for Africa’s digital transformation.
In highlighting the company’s commitment to bridging the digital divide and empowering communities across Africa, IHS Nigeria’s COO, Kazeem Oladepo, reeled out the company’s numerous interventions, including investments in school connectivity. He said IHS has unveiled ICT and digital infrastructures aimed at promoting Nigeria’s digital economy, which include the innovation hub at Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, in collaboration with the Oyo state government. It also implemented a three-year partnership with the Federal Ministry of Communications, Innovation, and Digital Economy in support of the government’s Three Million Technical Talent (3MTT) Initiative.
Through its partnership with the Limitless Space Institute, a non-profit education and research organisation based in Houston, Texas, IHS Nigeria is broadening access to space education for science, technology, engineering, and mathematics (STEM) educators in Nigeria. It also supports UNICEF Nigeria’s School-to-School Connectivity Project and has established notable partnerships with the END Fund, Save the Children, and USAID.
Through its subsidiary company, Global Independent Connect Limited (GICL), IHS has deployed over 13,000km of fiber optics across Nigeria’s 36 states and the Federal Capital Territory to deepen nationwide digital connectivity and broadband penetration. Today, over 3,000 towers have been connected on metro fiberacross Nigeria to further increase connectivity and support Nigeria’s growing digital ecosystem. In its resolute commitment to increasing connectivity, especially across rural communities, the company launched a rural telephony solution in 2020. The exclusively solar-powered solution connects the most remote communities in Nigeria to essential 2G and 3G services. To date, 586 rural telephony sites have been established across 25 states, serving over two million Nigerians living in rural and underserved areas.
The session was moderated by Michelle Chivunga, Founder & CEO of Global Policy House, the dialogue brought together luminaries such as H.E. Mogweetsi E.K. Masisi, President of Botswana, and Hon. Nthomeng Majara, Deputy Prime Minister of Lesotho, alongside Hon. Enoh T. Ebong, Director of the U.S. Trade and Development Agency (USTDA), and Dr. Thierry Wandji, President & CEO of Cybastion.
During the session on “Invest in Nigeria: Showcasing Investment Opportunities,’’ co-sponsored by IHS Nigeria and moderated by Ekenem Isichei, Program Director at the Corporate Council on Africa (CCA), the Ekiti State Governor, Biodun Oyebanji led the voices that showcased Nigeria’s burgeoning investment opportunities. He was supported by Aisha Rimi, Executive Secretary, Nigerian Investment Promotion Commission (NIPC), and industry stalwarts including John Olajide, Chairman of CCA and Founder/CEO, Axxess and Cavista Holdings. The Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, who led the Federal Government delegation, affirmed Nigeria’s commitment to strengthening bilateral relations and strategic partnerships aimed at stimulating foreign direct investments inflow to Nigeria.
Oladepo, who represented IHS Nigeria at the session, underscored the company’s pivotal role in lowering barriers to entry for mobile network and internet service providers, catalysing infrastructure development, and fostering innovation hubs across Nigeria. He further shared IHS Towers’ illustrious journey from its inception in Lagos, in 2001, to its becoming a global powerhouse with footprints in 11 markets across three continents. He also stated that the IHS was the first Nigerian-rooted company to be publicly traded on the New York Stock Exchange (NYSE), in 2021, showcasing the company’s role as a beacon of Nigerian achievement and a magnet for international investment.
At the closing plenary titled, “Partnering to Accelerate Africa’s Industrialisation,’’ IHS Nigeria reaffirmed its unwavering commitment to propelling sustainable industrial growth across the continent. Represented by Dapo Otunla, Chief Corporate Services Officer, IHS Nigeria, the company reiterated that it was dedicated to infrastructure investment, technology adoption, and collaborative partnerships as key drivers of Africa’s industrial revolution.
The plenary, moderated by Andrew Herscowitz, Executive Director of the Overseas Development Institute North America, convened a diverse array of leaders from government, finance, and industry to explore viable pathways for Africa’s green industrialisation. Also present in this discussion was Prof. Yemi Osinbajo, former Vice President of Nigeria and Guardian of Timbuktoo African Innovation Foundation, who highlighted the importance of innovation and technology in driving industrial growth.
Overall, IHS Nigeria’s good ambassadorial role at the summit underscored its belief in Nigeria, affirming its proactive role in shaping the future of African industrialisation, and aligning with its vision of fostering inclusive, sustainable development through technological innovation and strategic partnerships.
Blessed Omonose, a Developmental Journalist writes from Lagos.
News
NITDA Communications Director Hadiza Umar Named in 2026 PR Power List, Graces Glazia Magazine Cover
Mrs. Hadiza Umar, Director of the Corporate Communications and Media Relations Department at the National Information Technology Development Agency (NITDA), has been officially recognised as one of Nigeria’s top public relations professionals in the prestigious 2026 PR Power List.
The definitive annual list, compiled by GLG Communications in partnership with The Guardian, was unveiled to commemorate World PR Day.
It celebrates 50 outstanding professionals within Nigeria and the diaspora whose strategic communication strategies have significantly shaped organisations, influenced public discourse, and advanced the profession over the past 12 months.
Adding to the momentous milestone, Mrs. Umar was hit with a major surprise at the exclusive PR Power List Soirée and Awards ceremony held at the Alliance Française in Ikoyi, Lagos, where she was unveiled as a front-cover personality for the Glazia Magazine PR Power List Special Issue.
The double recognition highlights her exceptional distinction and impact in public sector communications and narrative management.
Speaking on the dual achievement, Mrs. Umar expressed profound gratitude for the honours, describing the magazine cover appearance as a breathtaking surprise.
“I am deeply humbled and honored to be recognized on the 2026 PR Power List and to feature on the cover of Glazia Magazine alongside other exceptional industry titans,” Umar said.
“This milestone is a testament to the enabling environment and visionary leadership of the Director General of NITDA, Kashifu Inuwa Abdullahi, CCIE, which has allowed us to strategically drive the narrative of Nigeria’s digital economy and technological innovation.”
Mrs. Umar, a highly respected corporate communications strategist, holds professional fellowships in the Nigerian Institute of Public Relations (Chartered), the African Public Relations Association (APRA), and the Institute of Corporate Administration (CICA).
Under her supervisory role, NITDA’s media relations have consistently projected national information technology frameworks, start-up support frameworks, and digital literacy initiatives, to position Nigeria competitively on the global stage.
The 2026 PR Power List selection process involved a rigorous, independent evaluation led by a distinguished international jury.
The organisers noted that the class of 2026 represents professionals raising the standard of strategic communications and introducing new ideas to the industry.
The need for Nigeria to think outside the box in its need to drive towards global relevance with innovations and scientific developments will be on the front burner at the NITRA Innovative & Scientific Conference scheduled to hold on Thursday July 23, 2026 in Ikeja, Lagos.
NITRA
The Nigerian Communications Commission (NCC) will lead other delegates to discuss and take far-reaching decisions at the event, which has its theme as “Bridging Nigeria’s Digital Divide With Scientific Innovation”.
Other companies that have indicated interest in partnering with NITRA include mobile communications company, Tecno; Africa’s premier end-to-end AI solutions company, Hyperspace; and telecommunications data infrastructure company, Digital Realty.
Speaking on the proposed event, the Chairman, Nigeria Information Technology Reporters Association (NITRA), Chike Onwuegbuchi noted that the event will seek to create a platform for government and private organisations to deliberate on policies around scientific innovations in Nigeria, challenges, place of indigenous and foreign collaboration, roles of each stakeholder, and grassroots development in that regard, among others.
According to him: “The Federal government, with series of programmes and partnerships, has established the urgent need to create an ecosystem that thrives on scientific innovation, breeding institutions and individuals with a target of placing the country at the fore-front of Next-Gen development.
It is a known fact that digital and scientific innovations are crucial, not only to the survivability of a nation, but also to the sustainability of its growth and development, with significant effect on economic strength, global image, defense and security, government capabilities to function, and public health and safety, communication and digital footprint, among others.
The federal government is actively driving scientific innovation to foster economic diversification and build a $1 trillion economy by 2030. Efforts are heavily focused on commercializing research, establishing massive research funds, and funding strategic infrastructure, particularly in technology, biotechnology, and healthcare. Core government initiatives and policies include the newly instituted National Research and Innovation Development Fund (NRIDF), which aims to mobilize about $500 million annually to support research and the commercialization of scientific outputs; and the Nigeria Genomic City, a multi-ministerial initiative aimed at transforming Nigeria into a leading hub for genomics, precision medicine, and biotechnology. It is designed to protect indigenous data, stimulate artificial intelligence in health, and develop a highly skilled scientific workforce.
According to the General Secretary of NITRA, Mr. Chidiebere Nwankwo, the forum will also be a vehicle to propagating the views of decision makers to the public, thereby furthering the cause of public awareness and information dissemination on the topic.
The focus, he said will be on how Nigeria can sustain digital innovative growth and scientific development in Nigeria
The board of global payments company, PayPal, says a 53 billion dollars takeover offer from financial technology firm, Stripe, and private equity company, Advent International, does not adequately reflect the company’s long-term value.
PayPal
According to reports, the proposed acquisition, valued at 60.50 dollars per share, remains under consideration, with the board yet to formally respond to the offer.
The directors are said to be evaluating not only the financial value of the proposal but also the structure of the financing, the timeline for completing the transaction and the likelihood of obtaining regulatory approvals.
They are also considering the possibility of competing bids emerging.
Although the offer represents a premium of about 28 per cent above PayPal’s recent share price, the board believes the company could deliver greater value to shareholders if its ongoing turnaround strategy succeeds.
Following reports of the bid, PayPal shares gained about two per cent to close at 56.73 dollars.
Sources familiar with the discussions said Stripe and Advent have secured approximately 50 billion dollars in debt financing from JPMorgan and Morgan Stanley, while both firms would jointly contribute 17 billion dollars in equity.
Under the proposal, the two companies would jointly own PayPal instead of dividing its operations.
PayPal, Stripe, Advent International, JPMorgan and Morgan Stanley have all declined to comment on the proposed transaction.
The discussions come as PayPal seeks to strengthen its business after years of increasing competition from rivals including Apple Pay, Google Pay and emerging financial technology firms.
The company, which was valued at about 360 billion dollars in 2021, now has a market capitalisation of approximately 36 billion dollars.
Since assuming office as Chief Executive Officer in March 2026, Enrique Lores has embarked on a restructuring programme aimed at improving operational efficiency and restoring growth.
The restructuring includes the creation of three business divisions comprising Checkout, Venmo and Consumer Financial Services, and Payments and Crypto.
The company is also targeting 1.5 billion dollars in cost savings through the deployment of artificial intelligence technologies.
PayPal’s latest financial results indicated signs of recovery, with first-quarter revenue rising seven per cent year-on-year to 8.35 billion dollars, while total payment volume increased by eight per cent to 464 billion dollars.
If approved, the transaction would combine two of the world’s largest digital payments companies.
The combined business would process an estimated 3.7 trillion dollars in annual payment volume, significantly strengthening its position in the global online payments market.
However, analysts expect the proposed acquisition to face intense regulatory scrutiny because of the companies’ combined market share in merchant payment services.
To address possible antitrust concerns, the bidders have reportedly considered options, including separating PayPal’s Braintree business or other assets if required by regulators.
Sources said Stripe and Advent remain interested in pursuing the acquisition despite the board’s reservations, although negotiations are expected to continue.
Market observers are also awaiting PayPal’s earnings report scheduled for July 28 for further indications of the company’s financial recovery and future growth prospects.
Adebutu, PDP Chieftain Accuses Nigerian Governors of Embezzling LG Allocations
ICPC Secures Final Forfeiture of N941m Linked to IPPIS Fraud
NDIC Urges Youths to Shun Ponzi Schemes, Embrace Savings
NRS Issues July 31 Deadline for e-Invoicing Compliance
SERAP to Sue NASS over Bill Empowering NDPC to Regulate Social Media
NRC, Ponzi Scheme Collapses Resulting Loss of Billions of Naira
NASENI Moves to Digitize CCB’s 5m Assets Declaration and Operations
Lebara Nigeria Launches Lebara Play, Africa’s First Telecom-Owned Micro-Drama Platform
CANAL+ Partners Samsung to Pre-Load DStv Stream on New Samsung TVs In Nigeria, Other African Countries
Tokenization, Blockchain Technology will Transform Financial Institutions – IMF
News3 days agoEFCC Busts NIS Visa Overstay Racket, Uncovers N700m in an Account
News3 days agoNCC, NDLEA Partner to Fight Piracy and Drug Trafficking
General News3 days agoDangote Refinery’s Private Placement Reportedly Hits $2.5Bn
Telecom3 days agoNCC Leads Tecno, Hyperspace, Digital Realty To NITRA Forum On Scientific Innovation
Telecom3 days agoTinubu Moves to Protect Nigerians From Crypto Scams With New Executive Order
E-Financial3 days agoCBN to Monitor Every Dollar with FXBT, Forex Tracker
E-Financial3 days agoFG Moves to Crack Down on Crypto Fraud with Virtual Assets Executive Order
Telecom3 days agoPayPal Rejects $53bn Stripe-Advent Takeover Bid, Says Offer Undervalues Company