Telecom
Ministry of Communications Pushing for ICT Development Bank – Shittu
Barr. Adebayo Shittu, Minister of Communications, has said that the Ministry was pushing for the establishment of an Information Communication Technology (ICT) Development Bank to provide funding for broadband and data infrastructure development.
Shittu disclosed this during a valedictory press conference organised for him in Abuja.
According to the minister, the proposed bank would serve as a special purpose vehicle to propel the growth of ICT sector under Private Public Partnership (PPP).
He added that the bank would support stakeholders and technology start-ups at low interest rates.
While highlighting some achievements of the ministry under his leadership since November 2015, Shittu said that the country had recorded increased deployment of technology through significant investments.
He said “technologies like blockchain, internet of things, artificial intelligence, cloud computing, 3D printing and big data are being adopted by government agencies.
“There are over 50,000 base transmitter stations and over 150,000 kilometers fibre broadband infrastructure.
“Five mobile radio frequency monitoring equipment and national spectrum management systems have been launched for effective monitoring of frequency bands.
“The first mobile radio frequency monitory equipment, a national spectrum system, a Denial of Service (DOS) equipment, and a national control centre in Abuja have also been launched.”
Shittu, however, emphasised the need to expand investments in ICT infrastructure to extend connectivity to unserved and underserved areas.
He also said that the ministry showed great concern for the plight of service providers.
“The national Economic Council has approved a policy to harmonise rights of way charges payable by telecom companies and related public utility infrastructure on local governments, states and federal highways.
“This is a policy to minimise the spaces occupied, the burden on the roads and reduce taxes payable by telecom operators,” Shittu said.
He further called for the review of the 2012 National ICT Policy as well as the Nigerian Communications Act crucial in the development of the sector.
Shittu said that total foreign direct investments to the telecommunications and information technology sector stands at 1.73 billion dollars.
He added that while internet penetration rose from 45 per cent in 2015 to 53 per cent in 2018, telephony subscribers increased from 151 million in 2015 to 173 million in 2018.
“Broadband penetration rate as at March 2019 was 33 per cent, while tele-density grew 123 percent in 2018 and mobile penetration rate increased from 83 percent in 2015 to 84 per cent in 2018,” Shittu said.
With the introduction of Travel Saga, a premium, fast-paced gaming experience that is currently live and accessible to customers on its network, Globacom has lifted the bar for mobile entertainment in the country.
Travel Saga is a story-driven, intricately connected role-playing game designed to provide the thrill, complexity, and competitive intensity of some of the most well-known action games in the world.
The game, which has been painstakingly optimized for mobile devices, redefines mobile gaming as a full-fledged digital battlefield by translating a console-grade experience onto data-enabled handsets.
Fundamentally, Travel Saga takes users on quick virtual journeys against recognizable international landscapes. In a dynamic, ever-evolving gaming environment, players are thrown into furious missions, fierce fights, and ever-expanding tales where talent, strategy, and endurance determine who rises through the ranks to become a true war hero.
In addition to the excitement of fighting, users are encouraged to go to various locations, take part in thrilling challenges, and participate in intense competition for in-app rewards like points and victory badges. With each encounter and accomplishment, the immersion increases with each level, maintaining momentum and excitement.
Flexible subscription plans with one-time or auto-renewal choices are available to subscribers for the service, which costs ₦100 per day and ₦250 per week. By dialing *70021#, customers can quickly subscribe and gain instant access to the action.
With Travel Saga, Glo reaffirms its dedication to innovation and high-end digital experiences, making top-notch gaming easily accessible to its customers. The game offers uninterrupted action, adventure, and competition, all smoothly supported by the Glo network.
SHELT, a leading cybersecurity-as-a-service provider, has earned inclusion in the 2025 MSSP 250, the annual ranking of the world’s top 250 Managed Security Service Providers (MSSPs) by MSSP Alert, a CyberRisk Alliance publication.
SHELT
The list evaluates firms on business performance, service breadth, and industry impact, spotlighting those excelling in growth, operational excellence, and advanced managed security amid rising cyber threats. Selection criteria include annual recurring revenue, profitability, workforce expansion, business growth, and the depth of managed security offerings.
SHELT’s recognition underscores its investments in scalable security operations, threat intelligence, and tailored managed services across multiple regions, enabling clients to navigate complex risk landscapes effectively.
“Being recognised in the MSSP 250 is a meaningful milestone for our team,” stated Youssef Abillama, CEO of SHELT. “It validates our focus on building practical, resilient security services that help organisations manage risk and respond effectively to today’s evolving cyber threats.”
The company hailed the honour as testament to its teams’ dedication and expertise worldwide, reaffirming commitment to enhancing capabilities and delivering trusted cybersecurity solutions.
Meta Platforms, owner of Facebook, has appointed Dina Powell McCormick, a former adviser to President Donald Trump, as its new president and vice chairman, bolstering its leadership amid aggressive AI and infrastructure expansion.
Dina Powell McCormick
The announcement, made on Monday, positions Powell McCormick – who recently stepped down from Meta’s board after eight months – to guide overall strategy, including multi-billion-dollar investments in data centres and global partnerships.
A Goldman Sachs veteran with 16 years in senior roles and prior stints as deputy national security adviser under Trump and in the Bush administration, she brings deep finance and international ties to the role.
Meta CEO Mark Zuckerberg hailed her as “uniquely qualified” for the company’s next growth phase, while President Trump praised the move on Truth Social as a “fantastic choice”.
The hire signals Meta’s efforts to strengthen White House relations, following recent dinners with Trump and U.S. investment pledges worth hundreds of billions
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