Telecom
NCS urges FG to Ensure Strict Compliance of EOs 003, 005
Prof Adesola Aderounmu, President, Nigeria Computer Society (NCS) has called on the federal government to ensure 100 percent compliance of Executive orders 003 and 005 if we are to solve the unemployment menace in the country.
He noted that presently, compliance to the orders are not being implemented 100 percent, stating that government should ensure that it supports ailing local IT Firms to scale up in order to stop mass exodus of exceptionally brilliant indigenous ICT skills to other countries who will sell the same skills back to Nigeria at exorbitant rates and attendant capital flight.
Prof Aderounmu made this call on Tuesday during a press conference to announce the 14th International Conference of the Nigeria Computer Society (NCS) billed to hold from Tuesday 16th to Thursday 19th of July, 2019, at the International Conference Centre, Gombe.
He emphasized that support for local content in public procurement by the Federal Government will definitely contribute in the creation of more jobs for our present and youthful population.
He decried the disturbing high level of disregard for contracts entered into with indigenous firms compared with the “high level of respect” accorded to foreign counterparts by the government.
Using REMITA as an example, the NCS President urged federal government to lead by example by ensuring that it comply with its obligation with regard to the services rendered to her through REMITA software.
He bemoaned them for their inability to hold its part of the agreement entered with SystemSpecs despite the services rendered to her through REMITA software.
He implored on them to pay SystemSpecs the total cost of all their services rendered to date.
Prof Aderounmu noted that the ICT Roadmap of the Federal Government could only achieve its desired goals, when local IT Firms are appreciated and respected for their innovation, intellectual property and pace setting accomplishments.
Giving further insight on how government could solve the unemployment crisis in Nigeria, Prof Aderounmu said that IT projects in the country could resolve the unemployment crisis if properly executed.
He noted that the National Identity Management System (NIMS) project as one of the projects that could address the lingering unemployment crisis if backed with regulatory innovations that will ensure economic growth.
He commended the current administration for the integration of the National Identity Number (NIN) into the issuance and renewal of International Passports by the Nigeria Immigration Service, stressing that such regulatory innovations will definitely result in economic growth.
Prof Aderounmu also called on government to quickly mediate on the lingering debacle between Chams Plc and NIMC, stressing that an amicable resolution of the impasse will restore faith in the Executive orders 003 and 005 of the present administration.
According to him, “NCS calls for urgent and decisive intervention to salvage Chams Plc’s position and allow Chams Plc and Chams Consortium Ltd reap the fruits of an amicable resolution freely entered into with the NIMC.
“It is on record that Chams made huge investments, in excess of N9bn, into the concession.
“Chams however suffered many frustrations which eventually snowballed into an unresolved state of affairs.
“It is in the light of the foregoing, NCS request that NIMC stand by and enforce the Terms of the Mediation Agreement dated 19th December, 2017 to enable Chams Plc execute assigned business opportunities under the NIMS project and hence regain stability towards restoring its Share Valuation which has suffered massive erosion consequence of the plight on the NIMC project.
“That NIMC, in line with Clause 3.1 of the Terms of Agreement collaborate with Chams Plc to provide adequate financial cushion and compensation to CCL for the funds invested into the project already by CCL.
“CCL has indicated its immediate willingness and ability to perform its own side of the Terms of Agreement.
“Furthermore, under a conducive environment, CCL has indicated that it has the capacity and capability to enrol more than 50 million Nigerians annually and could, if well-empowered, issue the enrolees with National ID cards.
“To that end, CCL has engaged some international partners who are willing to support the Government in achieving these noble goals at record speed.
“It is our understanding that early resolution of this crisis will lead to creation of additional 1000 jobs for the youths through Information Technology.
Also, Prof Aderounmu urged government to intervene in the matter between Omatek Group and Bank of Industry (BOI) in order to bring amicable resolution to the problem.
The NCS president called the FG to prevail in the matter and urge BOI to vacate court order, noting that locking up a factory for over 24 months with goods worth billions of Naira is not in the best interest of any of the stakeholders.
He emphasized that Omatek is a major employer of Nigerian youth at peak production, capable of employing over 600 teeming youth both directly and indirectly.
He noted that some of the goods and materials for which the loans were sorted would have been obsolete and rusted away.
He stated that the problem should be settled out of court, stressing that Omatek Ventures has indicated that it is open to settlement out of court.
News
NITDA Communications Director Hadiza Umar Named in 2026 PR Power List, Graces Glazia Magazine Cover
Mrs. Hadiza Umar, Director of the Corporate Communications and Media Relations Department at the National Information Technology Development Agency (NITDA), has been officially recognised as one of Nigeria’s top public relations professionals in the prestigious 2026 PR Power List.
The definitive annual list, compiled by GLG Communications in partnership with The Guardian, was unveiled to commemorate World PR Day.
It celebrates 50 outstanding professionals within Nigeria and the diaspora whose strategic communication strategies have significantly shaped organisations, influenced public discourse, and advanced the profession over the past 12 months.
Adding to the momentous milestone, Mrs. Umar was hit with a major surprise at the exclusive PR Power List Soirée and Awards ceremony held at the Alliance Française in Ikoyi, Lagos, where she was unveiled as a front-cover personality for the Glazia Magazine PR Power List Special Issue.
The double recognition highlights her exceptional distinction and impact in public sector communications and narrative management.
Speaking on the dual achievement, Mrs. Umar expressed profound gratitude for the honours, describing the magazine cover appearance as a breathtaking surprise.
“I am deeply humbled and honored to be recognized on the 2026 PR Power List and to feature on the cover of Glazia Magazine alongside other exceptional industry titans,” Umar said.
“This milestone is a testament to the enabling environment and visionary leadership of the Director General of NITDA, Kashifu Inuwa Abdullahi, CCIE, which has allowed us to strategically drive the narrative of Nigeria’s digital economy and technological innovation.”
Mrs. Umar, a highly respected corporate communications strategist, holds professional fellowships in the Nigerian Institute of Public Relations (Chartered), the African Public Relations Association (APRA), and the Institute of Corporate Administration (CICA).
Under her supervisory role, NITDA’s media relations have consistently projected national information technology frameworks, start-up support frameworks, and digital literacy initiatives, to position Nigeria competitively on the global stage.
The 2026 PR Power List selection process involved a rigorous, independent evaluation led by a distinguished international jury.
The organisers noted that the class of 2026 represents professionals raising the standard of strategic communications and introducing new ideas to the industry.
The need for Nigeria to think outside the box in its need to drive towards global relevance with innovations and scientific developments will be on the front burner at the NITRA Innovative & Scientific Conference scheduled to hold on Thursday July 23, 2026 in Ikeja, Lagos.
NITRA
The Nigerian Communications Commission (NCC) will lead other delegates to discuss and take far-reaching decisions at the event, which has its theme as “Bridging Nigeria’s Digital Divide With Scientific Innovation”.
Other companies that have indicated interest in partnering with NITRA include mobile communications company, Tecno; Africa’s premier end-to-end AI solutions company, Hyperspace; and telecommunications data infrastructure company, Digital Realty.
Speaking on the proposed event, the Chairman, Nigeria Information Technology Reporters Association (NITRA), Chike Onwuegbuchi noted that the event will seek to create a platform for government and private organisations to deliberate on policies around scientific innovations in Nigeria, challenges, place of indigenous and foreign collaboration, roles of each stakeholder, and grassroots development in that regard, among others.
According to him: “The Federal government, with series of programmes and partnerships, has established the urgent need to create an ecosystem that thrives on scientific innovation, breeding institutions and individuals with a target of placing the country at the fore-front of Next-Gen development.
It is a known fact that digital and scientific innovations are crucial, not only to the survivability of a nation, but also to the sustainability of its growth and development, with significant effect on economic strength, global image, defense and security, government capabilities to function, and public health and safety, communication and digital footprint, among others.
The federal government is actively driving scientific innovation to foster economic diversification and build a $1 trillion economy by 2030. Efforts are heavily focused on commercializing research, establishing massive research funds, and funding strategic infrastructure, particularly in technology, biotechnology, and healthcare. Core government initiatives and policies include the newly instituted National Research and Innovation Development Fund (NRIDF), which aims to mobilize about $500 million annually to support research and the commercialization of scientific outputs; and the Nigeria Genomic City, a multi-ministerial initiative aimed at transforming Nigeria into a leading hub for genomics, precision medicine, and biotechnology. It is designed to protect indigenous data, stimulate artificial intelligence in health, and develop a highly skilled scientific workforce.
According to the General Secretary of NITRA, Mr. Chidiebere Nwankwo, the forum will also be a vehicle to propagating the views of decision makers to the public, thereby furthering the cause of public awareness and information dissemination on the topic.
The focus, he said will be on how Nigeria can sustain digital innovative growth and scientific development in Nigeria
The board of global payments company, PayPal, says a 53 billion dollars takeover offer from financial technology firm, Stripe, and private equity company, Advent International, does not adequately reflect the company’s long-term value.
PayPal
According to reports, the proposed acquisition, valued at 60.50 dollars per share, remains under consideration, with the board yet to formally respond to the offer.
The directors are said to be evaluating not only the financial value of the proposal but also the structure of the financing, the timeline for completing the transaction and the likelihood of obtaining regulatory approvals.
They are also considering the possibility of competing bids emerging.
Although the offer represents a premium of about 28 per cent above PayPal’s recent share price, the board believes the company could deliver greater value to shareholders if its ongoing turnaround strategy succeeds.
Following reports of the bid, PayPal shares gained about two per cent to close at 56.73 dollars.
Sources familiar with the discussions said Stripe and Advent have secured approximately 50 billion dollars in debt financing from JPMorgan and Morgan Stanley, while both firms would jointly contribute 17 billion dollars in equity.
Under the proposal, the two companies would jointly own PayPal instead of dividing its operations.
PayPal, Stripe, Advent International, JPMorgan and Morgan Stanley have all declined to comment on the proposed transaction.
The discussions come as PayPal seeks to strengthen its business after years of increasing competition from rivals including Apple Pay, Google Pay and emerging financial technology firms.
The company, which was valued at about 360 billion dollars in 2021, now has a market capitalisation of approximately 36 billion dollars.
Since assuming office as Chief Executive Officer in March 2026, Enrique Lores has embarked on a restructuring programme aimed at improving operational efficiency and restoring growth.
The restructuring includes the creation of three business divisions comprising Checkout, Venmo and Consumer Financial Services, and Payments and Crypto.
The company is also targeting 1.5 billion dollars in cost savings through the deployment of artificial intelligence technologies.
PayPal’s latest financial results indicated signs of recovery, with first-quarter revenue rising seven per cent year-on-year to 8.35 billion dollars, while total payment volume increased by eight per cent to 464 billion dollars.
If approved, the transaction would combine two of the world’s largest digital payments companies.
The combined business would process an estimated 3.7 trillion dollars in annual payment volume, significantly strengthening its position in the global online payments market.
However, analysts expect the proposed acquisition to face intense regulatory scrutiny because of the companies’ combined market share in merchant payment services.
To address possible antitrust concerns, the bidders have reportedly considered options, including separating PayPal’s Braintree business or other assets if required by regulators.
Sources said Stripe and Advent remain interested in pursuing the acquisition despite the board’s reservations, although negotiations are expected to continue.
Market observers are also awaiting PayPal’s earnings report scheduled for July 28 for further indications of the company’s financial recovery and future growth prospects.
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