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NASENI, WEMA Bank, FREEE Recycle, Others Receive Awards @The Nigeria Innovation Summit 9.0

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Nigeria Innovation Summit 9.0 which was held on October 2nd, 2024 with the theme: “Building a Culture of Innovation”, was successfully concluded with the participation of delegates and stakeholders across the globe, who took part in the hybrid event.

The Summit in its 9th year is an annual event that brings together stakeholders from different sectors of Nigeria’s economy, governments, investors, policymakers, and players in the tech and innovation ecosystem to discuss ground-breaking ideas, trends, and opportunities to innovate solutions that solve unique challenges within Nigeria, and the African continent at large.

This year’s NIS explored topics such as A Paradoxical Approach to Collaborative Innovation; Unique Opportunities for the Next Generation of Women in Tech; Empowering Nigerian Youths through the Digital Economy; Youth-Led Innovations for a Sustainable Future; Connecting Africa with the World Through ISPIM, among others.

The highlights of the Summit were the Nigeria Innovations Experience Talks (NiX Talks) which was powered by TotalEnergies.

The NiX Talks focused on “Cultivating Sustainable Innovation Through Eco-Friendly Solutions”.

Other Summit features were fireside chats, panel discussions/interactive sessions, Quick Pitch (Pitch-a-Thon), innovation showcases and exhibitions, and expert insights on emerging technologies and their applications in solving local problems.

Some of the speakers and panellists include Dr Aminu Maida, EVC/CEO, Nigerian Communications Commission (NCC); Ifedolapo Runsewe, Managing Director, FREEE Recycle; Bruno Woeran, TechTransfer & Innovation, Austria; Wofai Ibie, Community Manager, HEI Innovation, CcHUB; Stella Bida, Executive Leadership Consultant, TEDx Speaker; Dozie Igweilo, Founder, Quadloop; Dr. Folakemi Fadahunsi, CEO, Retail Supermarkets Nigeria (Shoprite); and others.

The crowning of the Nigerian Innovation Summit (NIS) 9.0 was the 2024 Nigeria Innovation Awards.

The Nigeria Innovation Awards recognises and awards key innovators at the forefront of the Nigerian Innovation landscape, as well as disruptors bringing positive and empirical impacts as well as progressive solutions to unique challenges.

The submissions from the 2024 NIS Awards prove that there is a need to build innovative business solutions and develop an ecosystem in Nigeria across all sectors to drive innovation by promoting local content development, and locally-relevant technological solutions to impact significantly on the socio-economic development of Nigeria so that local innovation can solve local issues.

Of the hundreds nominated for the Nigerian Innovation Awards 2024, only six organisations emerged as worthy recipients of this year’s awards, given their impressive track record of innovatively tackling problems and measurable impacts in keeping the Nigerian innovation landscape sustainable and have embraced innovation to move Nigeria forward through their works.

The 2024 Nigeria Innovation Awards awardees include NASENI for Enabling Innovative Industrialization in Nigeria; MobiHealth for Providing Innovative Telehealth Solutions; FREEE Recycle for Recycling Waste into Reusable Eco-Friendly Materials; ThriveAgric for Empowering Farmers Through Agritech Solutions; Paradigm Initiatives for Connecting African Youths With Digital Opportunities, and WEMA Bank ALAT for Pioneering Fully Digital Bank In Nigeria.

The Nigeria Innovation Summit 9.0 had in participation delegates from government agencies, diplomats, academic communities and research institutes, international organisations, investors, entrepreneurs, business/thought leaders, innovators, startups, and students.

The 2024 NIS concluded with an Innovation Tour to Cisco EDGE Lab, where some delegates deepen the conversation and relationship with those bringing true innovation and disruption into the Nigerian innovation ecosystem.

This year’s Summit received huge support from Nigerian Communications Commission (NCC); the International Society for Professional Innovation Management (ISPIM); CcHUB; Emergency Response Africa; Lagos State Employment Trust Funds (LSETF); Virtual Domain; and Cybertron as partners, and was proudly sponsored by TotalEnergies, WEMA Bank, and the African Innovation Academy.

The Summit also has the following as its official media partners Legit.ng; Brand Times; Techeconomy.ng; ITpulse; RaveNewsOnline; TechCity; Coinratecap; Technext; Innovation Village; Nigeria Communications Week; Techtrends Africa; Silicon Africa; BrandMyDP; Coinpedia; CoinGabbar; Naijapreneur.com, and more.

The Nigeria Innovation Summit was organized by InnovationHub Africa.


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FG Approves GIS-enabled Digital Postcode to Tackle Logistics Gaps, Boost E-commerce

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Federal Executive Council has approved the rollout of a nationwide alphanumeric digital postcode system, a move believe will modernise the country’s addressing framework and support growth in logistics, e-commerce and emergency services.

The approval, granted under president Bola Ahmed Tinubu, paves the way for the introduction of a Geographic Information System (GIS)-enabled postcode platform designed to provide more accurate and standardised location data across Africa’s most populous nation.

Bosun Tijani, the federal minister of Communications and Digital Economy of Nigeria, who disclosed this via X, said the reform, developed in collaboration with Nigerian Postal Service (NIPOST), would replace inconsistent and often manually described addresses with a structured alphanumeric format tied to geospatial coordinates.

Nigeria’s current addressing system has long posed challenges for postal deliveries, emergency response teams and e-commerce operators, particularly in densely populated urban areas and rapidly expanding peri-urban communities where street naming and house numbering remain irregular.

The new system is expected to improve the precision of mail and parcel sorting, reduce failed deliveries and shorten turnaround times for logistics firms serving a fast-growing online retail market.

Tijani affirmed that the digital postcode framework would extend beyond postal operations, describing it as a foundational layer for national planning and public service delivery. By embedding geographic intelligence into address identification, authorities expect better data integration across agencies responsible for health, security, taxation and urban development.

The reform aligns with Nigeria’s broader digital economy strategy, which aims to build core infrastructure to support fintech, e-commerce and government digitisation efforts.

Industry executives have repeatedly cited weak address verification systems as a bottleneck for expanding nationwide logistics coverage, particularly outside major commercial hubs such as Lagos and Abuja.

Under the new framework, each location will be assigned a unique alphanumeric code linked to geospatial data, allowing for machine-readable sorting and integration into mapping systems. Authorities say this will enable faster emergency response deployment and more efficient route planning for both public and private sector operators.

The government did not provide a timeline for full nationwide deployment but indicated that implementation would proceed in partnership with NIPOST and other relevant agencies.

Officials described the approval as part of efforts to create an enabling environment for a modern and inclusive digital economy, positioning accurate addressing as critical infrastructure in the same category as broadband connectivity and data centres.

For businesses and consumers alike, the shift could mark a structural change in how goods, services and public resources are delivered across the country.


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GSMA, African Operators, Others to Launch Low-cost 4G Devices

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A co-ordinated effort between the GSM Association (GSMA), six African operators and original equipment manufacturers (OEMs) will pilot $40 (R654) entry-level 4G smartphones in six African nations this year.

This, as 710 million of Africa’s population live close to a 4G broadband signal, but have never gone online, with a further 68% not owning a device.

On the continent, entry-level smartphones cost 26% of the average person’s income. For the poorest 40%, the cost jumps to 64% of their income, and for the next 20%, the cost reaches 87%, data from the GSMA has shown.

To address the cost-prohibitive hurdles, the industry body has been a strong advocate of bringing down the cost of devices. It believes that affordable 4G smartphones at scale could bring tens of millions of people online, unlocking access to education, healthcare, financial services, e-commerce and artificial intelligence (AI)-powered tools.

Angela Wamola, head of GSMA Africa, said that the pilots will launch in six countries: DRC, Ethiopia, Nigeria, Uganda, Tanzania and Rwanda.

She added that the pilots build on the minimum specifications for low-cost 4G devices unveiled at MWC Kigali in 2025 and represent a step forward in turning industry alignment into tangible, on-the-ground impact.

The specifications focus on screen size, battery life and storage for a meaningful device that creates utility, particularly in the age of AI, Wamola added.

“Affordability and access of the device is critical for us to resolve. At the same time, getting a device is also about a willingness to purchase, which is about utility. Creating utility relevant to people’s lives, be it in manufacturing, agriculture, information, health and education, etc. It’s about bringing that content and government services online.

“The cherry on top is about local languages. People want to consume relevant content, but it must be in their local language.”

“As the devices land in the hands of the people, the languages will be readily available. Our small, medium-sized entrepreneurs, developers, innovators can begin to create content and products for our population. This is the magic that needs to happen to close the usage gap in the shortest time possible.”

The announcement, made in Barcelona, moves a step further from MWC Kigali by solidifying the vendors and operators that responded to the minimum specifications for the $40 device call, according to Wamola.

The marketplace now consists of private sector operators, as well as original equipment manufacturers that are engaging the six countries where the pilots will take place, she stated.

“At the same time, the GSMA is working with the governments of those nations to understand what fiscal policy incentives can be placed for these $40 entry-level devices, so that they land at the hands of the customer at the same price point.”

Wamola also indicated the coalition is taking a page out of the South African government’s book. It removed the 9% ad valorem tax, commonly referred to as luxury tax, on smartphones within the below-R2 500 price range.

Ad valorem duties are taxes levied on commodities as a certain percentage of their value. For smartphones, the duties are charged at a flat rate of 9%, classifying them as luxury goods.

In May, National Treasury confirmed the luxury tax on entry-level smartphones had been removed.

The GSMA saw how the market responded to adopting those devices when the government of South Africa removed the 9% luxury tax, she stated. “For us, it’s about replicating those lessons across Africa, so that governments can also adopt those.”

Vivek Badrinath, director-general of the GSMA, added: “Affordable smartphones are the gateway to digital and financial inclusion, economic opportunity and innovation; 3.1 billion people have mobile coverage but are not connected to the mobile internet.

“Together with the G6 group of leading African operators, we are sending a clear demand signal to bring low-cost 4G devices to market. In a global context of rising memory costs, governments have an important role in bridging the usage gap. Removing taxes and import duties on entry-level 4G smartphones will be critical to achieving scale.”


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TD Africa, Cisco and Arravo Host C-Level Event on Secure Networking

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The future of secure and intelligent networking took centre stage over the weekend, as leading technology distributor, TD Africa, in collaboration with Cisco and Arravo Technology, hosted an exclusive C-level customer engagement focused on strengthening enterprise security and building resilient network infrastructures.

TD Africa, Cisco and Arravo Host C-Level Event on Secure Networking

TD Africa

The event brought together senior decision-makers from various organisations to explore how businesses can drive resilience and digital transformation through Cisco’s Enterprise Networking, Meraki, and Security solutions.

The session provided practical insights tailored to the evolving needs of today’s digital enterprises, with discussions centred on enabling smarter, scalable network environments while strengthening cybersecurity frameworks.

Speaking at the event, Abiodun Idowu, Head of Enterprise Business at TD Africa, highlighted the growing need for organisations to adopt integrated networking and security strategies in an increasingly complex digital landscape.

“As businesses accelerate their digital transformation journeys, the need for secure, intelligent, and scalable networking solutions has never been greater.

“Through our collaboration with Cisco and Arravo, we are empowering organisations with the tools and insights required to build resilient infrastructures that support innovation while safeguarding critical operations,” he said.

The session also featured an in-depth technical presentation by Theodore Chukwudi, Cisco Solutions Architect, who led discussions on Cisco Meraki’s Cloud-Managed Networking and its role in simplifying network management while enhancing visibility and security.

“Cisco Meraki enables organisations to deploy and manage networks with greater agility and confidence. By leveraging cloud-managed solutions, businesses can enhance operational efficiency, improve security posture, and respond more effectively to emerging threats,” Chukwudi noted.

Offering further insight, Ayantola Olaayan, Director, Enterprise Business at Arravo, emphasised the importance of collaboration in helping organisations navigate modern networking demands. “Strategic partnerships like this enable us to deliver solutions that are both innovative and practical.

“By combining Arravo’s enterprise expertise with Cisco’s technology and TD Africa’s distribution strength, we are helping businesses simplify complexity and build secure, future-ready networks that support long-term growth,” he noted.

Participants gained valuable perspectives on how Cisco’s enterprise networking and security technologies can help mitigate risks, protect digital assets, and support business continuity in an increasingly connected environment.

TD Africa’s collaboration with Cisco and Arravo on this engagement reinforces its commitment to equipping organisations with the knowledge and solutions needed to navigate modern networking challenges and unlock new opportunities for growth.

 


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