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NCC Highlights Policy, Regulatory Initiatives for Tech Innovation Development

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The Nigerian Communications Commission (NCC) has outlined various policy and regulatory initiatives being implemented by the Commission to reiterate its commitment towards ensuring continuous development of the startups section of the telecommunication ecosystem in Nigeria.

Prof. Umar Danbatta, Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of NCC, listed the initiatives during a two-day Zonal Regional Information and Communication Technology (ICT) Innovation Forum organised by the Commission in Enugu recently.

The annual event, with the theme: “Digital Societies and Emerging Technologies: Leveraging ICTs to Build Information and Knowledge Societies for Achieving the Nation’s Digital Economy”, was attended by representatives of strategic partners of the Commission, Mobile Network Operators (MNOs), Internet Service Providers (ISPs), Original Equipment Manufacturers (OEMs), tech hubs, innovators and tech entrepreneurs, as well as venture capitalists, among others.

Represented by the Head, Research and Development, NCC, Kelechi Nwankwo, Danbatta said the current momentum being witnessed in the Nigeria’s tech space is, no doubt, attributable to the regulatory approach of the Commission. Danbatta stated that Commission is committed to effective regulation of the telecoms sector in ways that will not inhibit competition but rather fosters innovation, industry growth and socioeconomic development.

According to Danbatta, the Commission, as the key driver in the ICT industry and a responsive organisation, has implemented deliberate policy and initiatives creating an enabling environment for Nigerian startups to thrive and scale up for more global impact and value creation.

The EVC said these initiatives include the aggressive and ongoing implementation of the Nigerian National Broadband Plan NNBP), 2020-2025 aimed at increasing broadband penetration to 70 per cent by 2025; driving of the implementation of the National Digital Economy and Policy Strategy (NDEPS), 2020-2030; and the implementation of the NCC’s Strategic Management Plan (SMP) 2020-2024, all of which are streamlined in the Strategic Vision Plan (SVP) 2021-2025 to ensure regulatory effectiveness.

Danbatta declared that other similar initiatives emplaced by the Commission to facilitate the development and sustainability of the tech startup ecosystem are the ICT Hubs Support and Engagement Programmes; the annual ICT Innovation Competition and Exhibition; the Annual Hackathon, as well as the ongoing development of ICT parks across the country.

Elaborating more on the ICT Park, the EVC said the Commission is building six technology parks across the geo-political zones. The first phase of the project is nearing completion in four zones, namely, Enugu in the South East, Abeokuta in the South West, Maiduguri in the North East, and Kano in the North West. “The project comes with a strategic intent of boosting digital skills among young people, promoting innovations, providing jobs for young Nigerians and ultimately supporting the Federal Government Digital Economy Agenda,” he said.

The NCC CEO emphasised that the ICT Park, which is at various levels of completion will deliver a fully-functional Tier-4 Digital Industry Complex (DIC) that will involve a commercial hub for ICT capacity building and digital skills, employment generation and entrepreneurial activities, as well as smart city deployment across the Complex.

While commending the attendees for their active participation at the forum and generally on their collaboration towards building a truly digital economy in Nigeria, Danbatta expressed the unequivocal commitment of the Commission to fostering strategic collaboration and partnership with the technology hubs with the aim of accelerating innovations, industrial growth and sustainable development in Nigeria.

In the same, Ubale Maska, Executive Commissioner, Technical Services, underscored the essence of the annual programme. He said the Forum was conceived to facilitate and support ICT innovators, tech enthusiasts and tech entrepreneurs, as a strategy to leapfrog Nigeria into the digital economy.

Maska, emphatic that the objectives are critical for reflating the economy and improving the social wellbeing of the citizens, Maska said, as a regulator of this sector, NCC is focused on its responsibility and hence the introduction of policies, programmes and initiatives to promote innovation and facilitate tech entrepreneurship.

Represented at the forum by the Zonal Controller, Enugu Office of the Commission, Ogbonnaya Ugama, Maska said at NCC, “We believe that this is very critical if we must facilitate the introduction of new value added services that will improve consumer quality of experience, unlock entrepreneurial potentials of our teaming youths, improve indigenous capacity, boost indigenous content development, and importantly, support the Presidential desire for us as a country to produce what we consumer and consume what we produce,” Maska added.

The Commission is set to convene the Regional ICT Innovation Forum in other geopolitical zones of the country and it is determined to rally all stakeholders to ensure inclusiveness and leverage consultation and collaborative partnership, two key operational principles NCC is noted for.

 

 

 


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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

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EFCC Detains Ayeni, Ex-Skye Bank Chairman over Alleged N36.5Bn, $30m Fraud

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Economic and Financial Crimes Commission (EFCC), has detained Tunde Ayeni, former chairman of defunct Skye Bank Plc, for alleged fraud involving N36.5 billion and $30 million.

EFCC Detains Ayeni, Ex-Skye Bank Chairman over Alleged N36.5Bn, $30m Fraud

Tunde Ayeni, former chairman of defunct Skye Bank Plc,

This follows the probe of alleged diversion of N36.5 billion and $30 million secured as loans from Polaris Bank Plc through companies linked to Ayeni.

He was arrested by EFCC operatives in Abuja on April 23, 2026, and is still been held in custody as at the time of filling the report.

Dele Oyewale, spokesperson, EFCC, confirmed the arrest on Friday but declined to provide further details.

Ayeni is under investigation for diverting funds obtained for marine security, electricity distribution, and real estate projects into other unknown projects.

Investigators allege the loans were instead channelled into telecom investments tied to NITEL/MTEL assets via a NATCOM account.

About 12 firms believed to be connected to Ayeni are also under investigation for their role in securing the loans.

The EFCC is expected to file charges once the investigation is concluded.


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Summit Factory Opens in Ogun, Targets Hygiene Market Expansion

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L-r: Sadiq Ali, General Manager, Summit Household Solutions Limited; Oba Abdulakeem Odunaro, Onikotun of Otun, Ota; Hon. Wasiu Adewale Lawal (FCA), Executive Chairman of Ado-Odo/Ota LGA; Mr Kehinde Akintomide, Permanent Secretary, Ministry of Commerce, Trade and Investment, Ogun State; and Mojeed Maaradesa, Manufacturing Manager, during the commissioning of the ultra-modern factory by Summit Household Solutions Limited in Ota on Thursday.
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Summit Household Solutions Limited has opened its ultra-modern manufacturing facility in Ota, Ogun State, as part of its efforts to scale production of home and personal care products in Nigeria.

The plant, which started operations in April 2025, produces items such as dishwashing liquids, handwash, sanitisers and multipurpose liquid soaps, with an annual capacity estimated at 7,000 tonnes.

Commissioning the facility on behalf of Governor Dapo Abiodun, the Permanent Secretary, Ministry of Commerce, Trade and Investment, Mr Kehinde Akintomide, said the investment reflects growing confidence in Ogun State’s business environment.

He noted that the state hosts over 6,000 manufacturing firms and described the development as consistent with ongoing efforts to promote industrialisation, attract investment and reduce reliance on imports under the Federal Government’s Renewed Hope initiative.

Akintomide disclosed that the factory has already employed more than 50 Nigerians, with projections to exceed 250 jobs as operations expand.

In his remarks, the General Manager of the company, Mr Sadiq Ali, said the facility represents a major step in Summit’s growth plans, adding that its flagship brand, 2Sure, currently leads production at the plant.

He also revealed that the company is preparing to introduce new home and personal care products later this year.

Summit Household Solutions manufactures the 2Sure brand and has expanded into the personal care segment with Lewar, a premium beauty soap line positioned for quality and affordability.

Among dignitaries present were the Onikotun of Otun, Ota, Oba Abdulakeem Odunaro, representing the Olota of Ota, Prof. Adeyemi Abdulkabir Obalanlege; the Agba Akin of Ota, Chief Dada Olusola; Director of Investment, Ms Yemisi Folarin; Director of Industrial Promotion, Mr Femi Adeboye; former Managing Director of 7Up Bottling Company, Mr Ziad Maalouf; and the Chief Executive Officer of OmniRetail, Mr Deepanker Rustagi.

Speaking at the event, Maalouf, who conceived the 2Sure brand during his time at 7Up Bottling Company, expressed satisfaction with its growth and commended Summit Solutions Limited for advancing the brand.

The special guests were conducted around the facility, and the programme was concluded with a luncheon.

 


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US Freezes $344m in Crypto Linked to Iran in Major Crackdown

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The administration of Donald Trump has frozen $344 million in cryptocurrency allegedly linked to Iran, marking a sharp escalation in financial pressure on Tehran.

US Freezes $344m in Crypto Linked to Iran in Major Crackdown

The move comes amid stalled diplomatic efforts and a fragile ceasefire in the region.

U.S. Treasury Secretary Scott Bessent confirmed that authorities are sanctioning multiple crypto wallets tied to Iran. “We will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime,” he said.

Tether, which facilitated the transactions, said it worked with U.S. authorities to freeze the funds across two wallet addresses after receiving intelligence linked to unlawful activity.

A U.S. official said blockchain analysis revealed “material links” to the Iranian regime, including transactions routed through intermediary addresses connected to wallets associated with the Central Bank of Iran.

Responding to the development, Tether CEO Paolo Ardoino said the company does not tolerate illicit use of its stablecoin. “USD₮ is not a safe haven for illegal activity. When there is credible linkage to sanctioned entities or criminal networks, we act immediately,” he stated.

The crackdown underscores the growing reliance of sanctioned states on digital assets to bypass traditional banking restrictions. Data from Chainalysis shows Iran’s cryptocurrency holdings reached $7.8 billion in 2025, with the Islamic Revolutionary Guard Corps reportedly controlling about half.

Analysts say while the freeze is significant, Iran has historically adapted to sanctions. Daniel Tannebaum of the Atlantic Council noted that targeting third-party actors enabling such transactions may be key to increasing pressure.


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