Connect with us

Telecom

Moniepoint, SMEDAN set to launch Nigeria’s Informal Economy Report in Abuja  

Published

on

Kindly share this post

Africa’s fastest growing financial institution according to the Financial Times, Moniepoint MfB in conjunction with the Ministry of Industry, Trade, and Investment, and Small and Medium Enterprise Development Agency of Nigeria, SMEDAN  is set for the launch of Nigeria’s Informal Economy Report 2024 holding in Abuja on the 5th of July 2024 at the Abuja Continental Hotel.

Babatunde Olofin, MD Moniepoint MFB

Speaking on the impending launch, Babatunde Olofin, the bank’s managing director said “the report signposts Moniepoint’s commitment to deepening the resource pool for policy makers in Nigeria and the financial ecosystem stakeholders, by providing a fresh and holistic viewpoint and critical analysis on accessing the informal economy, opportunities for growth and vivid portraits of the informal sector players as well.

Nigeria’s informal economy plays a crucial role in the nation’s economic landscape. Its importance is signposted by the employment opportunities it provides for a significant portion of the Nigerian population, particularly for those who may not have access to formal employment. This space also serves as a primary source of income for many households, contributing to poverty alleviation.

According to Director General/CEO SMEDAN, Charles Odii, “Nigeria’s approximately 40 million small businesses that reside in the informal sector are born of both necessity and entrepreneurial zeal, they exemplify the famous ‘hustling’ spirit that unites Nigerians across social divides and is responsible for the employment of millions.

“Ensuring their survival and catalyzing their growth is crucial for poverty elimination, rural industrialization, and the enhancement of livelihoods, all three core mandates of SMEDAN.”

Some of the dignitaries expected at the event are Vice President, Federal Republic of Nigeria, Alhaji Kashim Shettima, GCON, Hon Minister of Industry, Trade and Investment, Hon (Dr) Doris Nkiruka Uzoka-Anite, Registrar General/CEO, Corporate Affairs Commission, Hussaini Ishaq Magaji, SAN, Special Adviser on Economic Affairs, Office of the Vice President, Dr Tope Fasua, SSA to the President on Entrepreneurship in Innovation & Digital Economy, Jennifer Adighije, House Committee Chairman on Small and Medium Scale Enterprises (SMEs), Hon. Mansur Manu Soro among others.

The Nigeria’s Informal Economy Report has been curated as a must-read for individuals and organizations interested in understanding the dynamics of Nigeria’s informal economy and shaping a more inclusive and sustainable economic landscape. The Moniepoint brand has long championed the importance of financial inclusion and financial happiness even as improving business and consumer access to the financial system is core to Moniepoint’s philosophy.

Industry experts have averred that this collaborative exercise between Moniepoint, SMEDAN and the Ministry of Industry, Trade, and Investment represents an important milestone that will catalyze Nigeria’s informal economy while giving a huge boost to the Renewed Hope Agenda of President Bola Ahmed Tinubu as all stakeholders continue to show resolve in helping the informal economy thrive and surpass its current contributions to Nigeria’s economic aspirations


Kindly share this post

Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Telecom

NCC Claims to Have Eliminated Unregistered SIMs from Telecoms Networks

Published

on

Kindly share this post

Nigerian Communications Commission (NCC) has said that it has successfully eliminated users of unregistered subscriber identity modules (SIM), from the Nigerian telecommunication network, a development that can boost national and cyber security.

NCC Claims to Have Eliminated Unregistered SIMs from Telecoms Networks

Eng. Aminu Maida, executive vice chairman of NCC,

Eng. Aminu Maida, executive vice chairman of NCC, who disclosed the information at a media briefing in Abuja on Monday, said, however, that it was beyond the scope of the agency to control the names with which some customers used in registered their SIMs.

The NCC CEO pointed out that while the commission had successfully removed unregistered SIMs from its network, some strange names being attached to some of the subscribers reflect what the owners used while registering with their operators.

“No unregistered SIM is operating on the network as of today, but there may be people using names they did not register with, apparently to mask their identities. We cannot control the names attached to each SIM, as they reflect what the owners used at the time of registration with their respective operators,” the EVC said.

“While NCC cannot control that behaviour, it is to be noted that it is an offence to use fake names to make or receive calls in Nigeria,” Maida warned.

The EVC, however, said that the commission has put necessary measures in place to ensure sanity and stability in the industry so that every user can determine the best network operator to patronise based on performance, service delivery and charges.

He said the commission would, in September this year, launch a public map to show subscribers which of the telecoms networks provides the best service and tariff plan to determine which to patronise based on their locations.

Mr. Maida said for the industry to make the required progress and serve the interests of the people, there is a need for a fresh injection of capital from outside the industry, adding that the commission had already revised a series of good governance guidelines to guide operators in the industry.

According to him, the guidelines are aimed at promoting transparency, accountability and boosting investors’ confidence and customers’ trust in the industry.

He said, “The need for good corporate governance guidelines requires that operators in the industry must provide audited reports to boost investors’ confidence and earn the trust and confidence of their customers”.

The ECV explained that the commission approved the recent tariff hike for the industry due to the fact that there had not been any cost-reflective tariff adjustment for a decade, adding that the commission was mindful of the need to protect the interests of both the operators and Nigerian subscribers.

On the issue of threats to telecoms infrastructure nationwide, the EVC announced that he would soon meet with governors to discuss the need for them to team up with NCC to protect telecoms infrastructure in their domains and to also eliminate multiple taxes on the operators so as to improve service delivery and ensure national security.


Kindly share this post
Continue Reading

Telecom

Aliyu Aboki Applauds Broadband Mapping as About Expanding Opportunity in Africa

Published

on

Kindly share this post

The West Africa Telecommunications Regulators Association (WATRA) has commended Nigeria for its exemplary leadership in broadband infrastructure mapping, following the successful ITU Africa Broadband Mapping (BBMaps) National Event recently held in Abuja.

The national event marked a key milestone in the pilot phase of the Africa-BB-Maps initiative, a flagship project of the International Telecommunication Union (ITU), implemented with funding from the European Union. The four-year (2025–2028) programme aims to support eleven Sub-Saharan African countries, including Nigeria, in establishing harmonized national broadband mapping systems to accelerate digital development and investment.

WATRA’s Strategic Engagement

Representing WATRA at the event, Mr. Ruffus Samuel, Principal Manager for Partnerships, contributed to a high-level session titled “Context and Current State – Intervention by International Partners”. WATRA highlighted the importance of broadband mapping harmonization across West Africa, stressing its potential to serve as a foundation for smart regulation, infrastructure investment, and regional digital integration.

WATRA Executive Secretary Aliyu Yusuf Aboki reaffirmed the organisation’s commitment to working closely with national regulators such as the Nigerian Communications Commission (NCC) to promote coordinated approaches to infrastructure mapping.

“Nigeria’s robust and transparent broadband mapping system stands as a model for the West African region,” said Mr. Aboki. “Through data-driven policymaking, we can close connectivity gaps and lay the groundwork for an inclusive digital economy.”

Nigeria’s Role as Regional Leader

The event spotlighted the NCC’s broadband mapping framework as a leading example for Africa. Participants from across the continent acknowledged the NCC’s technical capacity and policy foresight, underscoring Nigeria’s growing role in shaping regional ICT strategy.

The opening ceremony was presided over by Dr. Aminu Maida, Executive Vice-Chairman and CEO of the NCC, with notable participation from:

  • Dr. Cosmas Luckyson Zavazava, Director, ITU Telecommunication Development Bureau
  • Zissimos Vergos, Deputy Head of EU Delegation to Nigeria
  • Inga Stefanowicz, Head of Green and Digital Economy, EU Delegation
  • Senior representatives from ITU, ECOWAS, and national stakeholders

Key Recommendations and Outcomes

  • Stakeholders recommended the creation of a National Broadband Mapping Task Force chaired by the NCC to coordinate data standards, governance, and updates.
  • WATRA emphasized the importance of regional interoperability and pledged continued engagement with ITU, NCC, and development partners.
  • The event underscored the necessity of collaboration among governments, regulators, infrastructure owners, and technical partners to ensure the reliability and usefulness of broadband data.

Toward Regional Digital Transformation

The Africa-BB-Maps initiative is aligned with the Africa–Europe Digital Regulators Partnership and the EU Global Gateway Strategy, both of which promote sustainable digital infrastructure development and cross-border cooperation. WATRA plays a critical role in translating these goals into actionable frameworks for its 16 member states.

“This initiative is more than mapping—it’s about enabling investment, expanding opportunity, and achieving our collective digital aspirations,” Mr. Aboki concluded.


Kindly share this post
Continue Reading

Telecom

MTN Group Restructures Executive Team, Appoints Toriola VP for Francophone Africa

Published

on

Kindly share this post

MTN Group has announced a restructuring of its executive leadership team to strengthen the implementation of its Ambition 2025 strategy and drive long-term growth across key markets.

The telecommunications giant disclosed this in a statement on Monday, noting that the changes are aimed at enhancing operational efficiency and accelerating digital inclusion across Africa.

According to the statement, Dr Karl Toriola, Chief Executive Officer of MTN Nigeria, has been appointed Vice President for Francophone Africa, effective Nov. 1, 2025.

He will oversee operations in Cameroon, Côte d’Ivoire, Benin and Congo Brazzaville, while retaining his role as CEO of MTN Nigeria.

MTN said the appointment reflects its confidence in Nigerian leadership and underscores Nigeria’s strategic importance to the Group’s overall success.

Under Toriola’s leadership, MTN Nigeria became the first telecommunications company to attain ₦10 trillion in market capitalisation, driven by strong financial performance, innovation and operational excellence.

Toriola previously served as Vice President for West and Central Africa between 2015 and 2021, overseeing 13 countries.

Commenting on the development, MTN Group President and CEO, Ralph Mupita, said the leadership changes would support the accelerated execution of the Group’s strategy beyond 2025 and enhance value creation for stakeholders.

“These changes illustrate the depth of talent and experience across the Group,” Mupita said.

The restructuring aligns with MTN’s strategic focus on three core platforms: Connectivity, Fintech and Digital Infrastructure.

The Group said it is intensifying efforts to expand home broadband services, simplify digital offerings, scale financial services through a digital-first approach, and invest in fibre networks, data centres and AI-driven efficiencies.

MTN reaffirmed its commitment to leading digital solutions for Africa’s progress, noting that the leadership evolution is a key step towards achieving its long-term vision.


Kindly share this post
Continue Reading

Trending