General News
Intel Wants Nationwide Broadband Connectivity – Ekundare
Olubunmi Ekundare, is Intel Nigeria country manager since mid-2011 with over 20 years of experience working in the Nigeria’s technology sector.
He joined Intel in 2008 as Corporate Affairs Manager, West Africa. Ekundare holds a B. Sc in Social Administration and has considerable experience in both the public and private sectors including senior consulting assignments for LM Ericsson; worked with the Financial Institutions Training centre (FITC) and as General Manager/CEO of One World Communications – one of the largest Internet Service Providers in Nigeria.
In this interview with Miebi Senge, he outlines Intel’s on-going activities and vision for the country’s ICT industry.
Intel’s ‘Create your Tomorrow’ Initiative
Create your tomorrow recognises the fact that Nigerians have a lot of potentials. We have a very high percentage of youth population in Nigeria and as you know, the economy is not ideally what you would want to be; so we came up with this programme in order to help the youth create a better tomorrow for themselves.
Whether they want to be entrepreneurs, whether they want to work in companies, whether they want to start a business for themselves, how do we help them?
Technology is a great vehicle to creating a better tomorrow, so we are looking at it from the perspective of how do we us technology to create a better future for country and for us as individuals. That is why we came up with this idea.
How the Nigerian Market Factors in Chips Manufacturing
We are a chips company but we are much more than that. We are into a lot of things – whether it is health, whether it is education.
When you look at it specifically in terms of the chips industry, it takes a lot for us to be able to set up something that comes close to manufacturing chips. For example, one of the most critical elements is infrastructure.
Power is very important because you have industries that run constantly for years without having to power down. If you look at it from the power angle alone, it is quite enormous. Again, if you look at it in terms of what is required to put up a factory, an average factory that Intel will put up will cost close to $10 billion.
It is a huge investment because of what we produce. I think down the line in the not too distant future, we should be talking of something similar in Nigeria. We have seen a lot of improvements in terms of infrastructure.
I believe that with the government’s Vision of 20:2020 initiative, maybe by the time we are getting there we can begin to say we have enough structural base to begin to manufacture hi-tech products in Nigeria.
Role of Intel in Development of Critical Infrastructure
Part of the things we want to do is working in terms of our in technology. How do we make some of these devices have a longer life span?
We know power is a problem; but if we look at it from our own perspective, how do we make products that would not only give the necessary features but can last maybe up to 20 hours before it is recharged.
So we are looking at it from that perspective. How can we produce devices that can last longer in areas where normally power would not be available?
We already have some of those products in the market- we have the ultra book which has maybe double the life of a usual PCs, maybe some six to ten hours.
And if you take that in a day you probably will be able to do a lot of things within those ten hours till the time you would need to recharge your device.
Working with Local IT OEMs
We come into the market not as a competitor. We enable the ecosystem and we work with all the local OEMs here, some of them are even going into device manufacturing and we are helping them.
Some of them already assemble locally and we have inputs in those assembling.
If you go to some of these organisations, they will tell you that what they use are Intel products to manufacture what they want to do.
I think part of the work we need to do is take it to a higher level where those products can be better improved on and then create that sense that Nigerian products are also very good as opposed to buying products from outside.
Pushing Production of e-Readers
Again, that is a good device. I talked about the Compute-continue; if you look at it today, what device can give you the best return on investment? It still remains the PC because with the PC you can multi-task, you can download and while you are downloading, you can do other things.
You can do your assignments, you can communicate, and you can even use your PC as a phone these days.
While the e-reader is good, the PC still remains a very valuable tool. What we have done in the last two years is either we are manufacturing PCs that are focused on education.
I am sure you must have heard about the Intel Classmate PC, it is an education device specifically focused on education but allows the student to also do so many other things. Technology is evolving and probably down in the future, we can see an e-reader that can do what the computer can do.
For now, the computer remains a device that you can use in a multi-tasking environment.
Solution to CDMA Crisis
I think the CDMA technology from the point of view of the technology.
What is the research that is ongoing there and how can we in Nigeria for example, how fast can we absolve those technologies. I think it has to do with that.
The technology is available but other things come to play when you are talking about the development of a special area.
What is the capacity, how can people in that industry increase their capacity?
What we are trying to do on our part is to produce technologies that are faster and cheaper for them to develop that sector.
As we go along, you will see more of those things coming up – Intel helping in that sector and helping them to increase their business.
Growing Broadband in Nigeria
Broadband is one of our major focuses as company in Nigeria. How do we make broadband and connectivity? How do we take it to the last mile?
That is a critical aspect and we are working with the telcos, we are working with even some of the cable companies that have landed cables at the beach to see how we can develop enabling programmes.
It might be specialized programmes for certain players in the country or certain groups or certain cache around the country.
How do we help them, how do we make things available? We are already doing quite a lot with the telcos. I am sure you have seen the education bundle that Intel is partnering with MTN.
What we are saying is; MTN is helping to provide connectivity deeper into the country in such a way that people who buy PCs and go to Potiskum or Lokoja, can get the same connectivity as they would have in Lagos.
So the MTN bundle is one of those programmes we are doing to make connectivity more affordable, available, and ease the burden over a wider range of areas.
Doing Business with Government
What we do is enable the ecosystem. We help based on what we have done in other countries. We call it Best Known Methods – what have we done in other countries that have helped the governments to better the lives of their people?
Whether it is in terms of infrastructure or whether it is in terms of services. We have our hands in a lot of these things and we bring those experiences to bear.
If you are working with a company and you are working with the government from the point of view of helping to share the knowledge you have, I think it would work very, very well. We do not have any problem with working with the government.
The government as it is, is quite forward looking. If you look at everything the president said; if you look at what the minister of ICT said, a lot of it is how do we get infrastructure, how do we improve?
The president made a speech on Independence Day and I think it was one of the best speeches I have heard in a long time.
He was not just talking about where we want to be but also examples to say this is what we have been able to do and this is what we are trying to achieve.
You know you can be constructive even in criticism. If you work in a very constructive way from the point of view of helping and enabling the economy, you will not have any problem working with government.
Intel’s Goal for Nigeria in Five Years
We want to see Nigeria as one of the top ICT countries in the world. I want to be able to sit in any village in Nigeria and have broadband connectivity.
I want to be able to talk to anybody from anywhere in the world, whether I am in Lagos or I am in my village. We are getting there with phones but how do we get there with PCs and internet. That is our vision in the next five years.
FirstCap, an investment banking firm and subsidiary of FirstHoldCo Plc., has successfully closed the ₦4.46 billion Series 1 Bond Issuance by LAPO MFB SPV Plc, reinforcing its strong leadership in Nigeria’s debt capital markets and deepening access to long term funding for high impact sectors.
Acting as Lead Issuing House, FirstCap structured the fund raising on behalf of LAPO MFB SPV Plc (a company sponsored by LAPO Microfinance Bank Limited to mobilise institutional capital targeted at SME financing, renewable energy expansion, and digital financial services, three critical drivers of inclusive and sustainable economic growth in Nigeria.
The transaction is underpinned by a compelling impact thesis, with proceeds strategically deployed to support small businesses and clean energy initiatives. The microfinance sector continues to demonstrate resilience and strong fundamentals positioning the issuance at the intersection of growth, sustainability, and financial inclusion.
Commenting on the transaction, Ukandu E. Ukandu, Managing Director, FirstCap Limited, said: “This successful issuance underscores our strategic commitment to directing capital where it delivers measurable economic impact. At FirstCap, we partner with institutions that have the scale, discipline, and vision to transform markets, and LAPO exemplifies these qualities.
The ₦4.46 billion bond is positioned to be a catalyst for SME growth, expanded energy access, and broader financial inclusion. We remain committed to structuring transactions that are not only bankable, but impactful and aligned with Nigeria’s long term economic trajectory.”
FirstCap Limited remains committed to leading from the forefront of Nigeria’s capital markets, structuring transactions that are bankable, impactful, and investable, while supporting the future trajectory of Nigeria’s economic development.”
The MTN Foundation has opened applications for its 2026 scholarship programmes as part of efforts to promote academic excellence and support financially challenged students across Nigeria.
MTN Foundation
The foundation, in a statement on Monday, said the application cycle covers its Science and Technology Scholarship (STS), Scholarship for Blind Students (SBS), and a newly introduced scholarship category specifically for medical students.
According to the foundation, the medical scholarship was previously embedded within its broader STEM scholarship category but has now been carved out to provide targeted financial support for outstanding medical students in public tertiary institutions and teaching hospitals nationwide.
Under the 2026 programme, 400 successful applicants, including 100 medical students, will receive annual scholarship grants of N300,000 each.
The foundation said the scholarship is designed to support tuition, textbooks, and living expenses, helping beneficiaries focus on their studies amid rising education costs and current economic realities.
Executive Director of MTN Foundation, Mrs Odunayo Sanya, said the scholarship programme reflects the organisation’s continued commitment to youth development and educational advancement.
“This call for applications reinforces our long-standing commitment to Nigerian youth by providing them with the resources needed to compete and excel globally.
“Our aim is to empower these bright minds to become the drivers of a technologically advanced Nigeria. At the MTN Foundation, we firmly believe that financial limitations should not stifle academic potential,” she said.
The foundation said eligible applicants include 300-level students studying Science, Technology, Engineering and Mathematics (STEM)-related disciplines in public tertiary institutions.
Medical students in 400-level at public universities and teaching hospitals are also eligible, alongside blind students in 200-level and 300-level courses.
According to the statement, the N300,000 scholarship is renewable annually until graduation, subject to beneficiaries maintaining the required academic standards.
It said STS recipients are required to maintain a minimum cumulative grade point average (CGPA) of 3.5, while Scholarship for Blind Students beneficiaries must sustain a minimum CGPA of 2.5.
Beyond financial support, the foundation said beneficiaries would also gain access to mentorship opportunities, technical training, and employability workshops under its Skill Up initiative.
The initiative is designed to equip students with practical and soft skills required to succeed in an increasingly competitive and digital global economy.
The MTN Foundation Scholarship Programme, now in its 15th year, has become one of the company’s flagship education interventions, supporting thousands of students across Nigeria.
The foundation said the programme continues to remove economic barriers to education while contributing to national development through human capital investment.
Interested applicants have been advised to submit their applications through the official scholarship portal before the deadline of May 31, 2026.
International wellness technology brand Amezcua is marking its 20-year milestone with the global rollout of the GX-1 Bio-Reset System, a non-powered grounding mat designed to be used as part of everyday wellness routines.
Amezcua
The launch signals the first phase of Amezcua’s 2026 expansion across the Middle East, Central Asia and Sub-Saharan Africa, regions experiencing accelerated growth in consumer-led, lifestyle-oriented wellbeing adoption.
Nigeria’s wellness and personal care market is experiencing a significant surge, with the beauty and personal care sector alone valued at approximately USD 7.8 billion in 2023.
This rapid growth, expected to continue with a compound annual growth rate (CAGR) of over 17% in some segments between 2023 and 2027, is driven by a profound shift towards preventive health, natural products, and holistic wellbeing.
Designed for daily use at home or at work, the GX-1 requires no electricity, charging, batteries, or powered connection. As a non-powered mat, it does not generate electrical current or emit signals.
The system includes a conductive connection wire linking the primary mat to a secondary floor contact pad. The portable mat is intended to complement rest, recovery and overall well-being routines as part of broader lifestyle practices.
Amezcua is a wellness technology brand under QNET, a wellness and lifestyle-focused direct selling company. This latest launch reflects the organisation’s continued focus on accessible, nature-inspired wellness solutions.
“Over the past two decades, we have observed a global shift from reactive healthcare to proactive wellbeing”, said Mattias Mildenborn, Chief Executive Officer of QNET.
“The GX-1 reflects that transition by offering a simple, non-powered solution designed to integrate seamlessly into modern lifestyles without requiring additional digital dependency,”
Grounding – sometimes referred to as “earthing” – is a wellness practice that continues to attract interest internationally.
Amezcua emphasises responsible communication in the evolving wellness space and positions the GX-1 as a lifestyle wellness product and not a medical device.
Elena Khoo, Chief Marketing Officer of QNET, said transparency is essential as consumer literacy continues to grow. “The wellness sector is evolving rapidly, and consumers are increasingly discerning.
“Our responsibility is to communicate clearly that grounding is positioned as a complementary lifestyle practice, not a form of medical care or intervention. Transparency builds long-term trust.”
Materials, Safety and Quality
The GX-1 is made with an electroconductive polyurethane (PU) upper layer and Thermoplastic Polyester Elastomer (TPE) foam for the base layer.
Independent testing conducted by Bureau Veritas confirmed that the materials comply with the European Union’s Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) chemical safety regulation, with no Substances of Very High Concern (SVHC) detected.
The materials are hypoallergenic and safe for prolonged skin contact. The product is manufactured under an ISO 9001:2015-certified quality management system and is positioned as a non-powered general wellness mat, not a medical device.
Product Formats and Everyday Use
The GX-1 is available as a pack of two: a large mat and a small mat. The large mat is designed for versatile use — for example, placed on a bed beneath a sheet, used on a chair or sofa, or used as a yoga mat as part of a personal wellbeing routine.
The small mat is designed for portability, including use when seated during travel (such as flights) by placing it at the feet or at a work desk. For users who want extended coverage, the two mats can be connected to create a larger continuous grounding surface.
The product is available through the official QNET e-store and via authorised Independent Distributors in participating markets.
As Amezcua expands into new regions throughout 2026, the GX-1 launch signals the brand’s continued focus on nature-inspired wellness technologies adapted for contemporary lifestyles.
For more information, visit www.amezcua.com.
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