Connect with us

News

Ndukwe Beckons Global Investments for Nigeria’s Broadband

Published

on

Kindly share this post

Ernest Ndukwe, executive vice chairman, Nigerian Communications Commission (NCC) has extended Nigeria’s invitation to the international investment community, in respect of the huge broadband infrastructure deployment and services opportunities in the country and the continued rise in demand for telecom services.
Ndukwe who spoke at the World Telecommunications Policy Forum (WTPF) hosted by the International Telecommunications Union (ITU) in Lisbon, Portugal, also attributed the huge success in the current funding of the telecoms and ICT sector in Nigeria to the consolidation programme of the banking sector which has equipped the nation’s banks with the wherewithal to match the financial needs of the industry.
According to him, “the recent Nigerian banking consolidation had resulted in the emergence of large strong national banks with large portfolios, who have become the local financiers of the ICT industry in Nigeria.” 
The forum was preceded by a session titled ‘Strategic Dialogue on ICTs’ with the theme: “Confronting the Crisis,” which brought together leaders from government and the industry to address the problems facing vendors, operators and governments in the face of the ongoing global crisis with an objective of formulating proactive strategies to help the ICT industry weather the storm, while leveraging the power of ICT to accelerate economic recovery in other sectors. 
Dr. Hammadoun Toure, secretary general of ITU, in his opening remark reiterated the need for frank and divergent discussions, which are essential for the development of appropriate strategies that would lead to the recovery.
In a session moderated by Mr. Stephen Cole, Al Jazeera anchorman, who described Ndukwe and his Commission as one of the best telecom regulators in the world, sought to know how the global economic meltdown has particularly affected Nigeria’s fortune in the sector over the period.
Ndukwe in his response noted that Nigeria is an integral member of the global economy and that some portions of the Nigerian ICT industry are funded by overseas investors. He said given this scenario, the attendant repatriation of funds by foreign investors has had some negative impact on the smaller companies who are less able to attract foreign investments.
The NCC boss said notwithstanding this situation, the Nigerian consumers have continued to demand for more services while uptake of ICT services has resulted in huge growth in the number of subscribers, which has in turn created the need for more investments, especially in the area of broadband and Internet services.
Ndukwe who was the only participant from the developing countries in the session spotted the various divergences in the economic crisis, noting that the global economic meltdown is truly global and demanded a global effort to deal with the effects that the crisis is having on nation states. 
In another session chaired by Mr. Michael Copps, acting chairman of the Federal Communications Commission (FCC) of USA, the panel recommended the need for a Marshal Plan for broadband expansion across all nations as one of the strategies to ameliorate the impact of the global economic meltdown – a position which tallies with the Federal Government of Nigeria through the NCC’s State Accelerated Broadband Initiative (Sabi) and the Wire Nigeria (Win) projects focused on stimulating the spread of broadband and Internet services across the country by building fibre optic cable infrastructure in all the state capitals and commercial centres, including  the provision of subsidies for the private sector to contribute.
Copps related how the Obama administration has demanded the FCC to develop a new national broadband plan as a key element for the US’ economic recovery.
The recommendations of the various panels at the forum have indicated that broadband has become a new frontier to weather the storm of the global economic meltdown.

 


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

News

Amuchie, ED Fidelity Bank Named “Outstanding Banker of the Year” @ ABoICT 2026

Published

on

Kindly share this post

Sir Stanley Amuchie, chief operations and information officer, Fidelity Bank Plc has been named “Outstanding Banker of the Year” for his incisive record of digital transformation in the financial sector.

Amuchie, ED Fidelity Bank Named "Outstanding Banker of the Year" @ ABoICT 2026

Sir Stanley Amuchie,

He was crowned at Africa’s Beacon of ICT Merit and Leadership Lectures and Awards, held at the weekend in Lagos.

Africa’s Beacon of ICT Merit and Leadership Lectures and Awards, is an annual, highly respected event in Nigeria’s technology sector organized by Nigeria CommunicationsWeek.

The awards recognize and celebrate organizations, public authorities, and individuals who have made extraordinary contributions to digital transformation and ICT growth across the continent.

Amuchie bagged “Outstanding Banker of the Year” according to the organizers for being one of Nigeria’s most accomplished and sought-after financial executive and technocrat.

He graduated as a First-Class student in Industrial Chemistry from the University of Benin and holds a Master’s degree in Corporate Governance from Leeds Beckett University in the UK.

With over two decades of experience, he is currently the executive director/chief operations & Information Fidelity Bank Plc.

Amuchie started  his career at Arthur Andersen, Lagos, Nigeria (now KPMG Professional Services) in September 1995 where he rose to the level of a Senior manager before exiting the organization in February 2000 to work in the banking industry.

He had earlier been the General Manager/Group Zonal Head, Zenith Bank Plc. Prior to this position, he was in Financial Control & Strategic Planning Department of the Bank  from February 2000 to May 2018 where he rose to the rank of Group Chief Financial Officer of the Bank.

In addition to his then responsibilities, he was a Director of Zenith Nominees Limited, a global Custody Subsidiary of Zenith Bank Plc.

He was at various times in-charge of the co-ordination of the Group’s Foreign Operations and Real Estate Operations.

Prior to the Bank’s election to operate as a Commercial bank with foreign authorization, he held the following  positions in the subsidiaries of the Bank; Chairman – Zenith Securities Limited; Director – Zenith Trustees Ltd, Director – Zenith Bureau De Change Ltd.

He is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA), and an

Honorary Senior Member of the Chartered Institute of Banker’s of Nigeria (HCIB).

He has attended various local and foreign Leadership courses in institutions like

Insead Business School in France and Harvard Business School in USA. Currently, he is an Executive Director Chief of Operations and Information Fidelity Bank PLC.

He is the Founder/President of The Goodlight Foundation.


Kindly share this post
Continue Reading

News

NCC Retains Rudman as Chairman of the Newly Inaugurated IPv6 Council Board, Tasked Them to Advance Nigeria’s Digital Migration

Published

on

Kindly share this post

The Nigerian Communications Commission (NCC) has officially inaugurated the new board of the Nigerian Internet Protocol version 6 (IPv6) Council in Ikeja, Lagos. Mr. Muhammed Rudman, Chief Executive Officer of the Internet Exchange Point of Nigeria (IXPN), will continue to serve as Chairman.

This inauguration marks a significant milestone for Nigeria’s telecommunications sector, as global demand for IPv4 now exceeds the available IPv4 address space.

Following the event, Rudman acknowledged the contributions of former board members, including Olusola Teniola (former President, ATCON), Funke Opeke (Founder, MainOne), Mary Uduma (former President, NiRA), and Lanre Ajayi (past President, ATCON), emphasizing that their involvement was instrumental in establishing the nation’s foundational IPv6 migration efforts.

Rudman noted that membership in the IPv6 Council is institution-based. The reconstituted board includes Mr. Muhammed Rudman as Chairman and a representative from the NCC as Co-Chairman. Institutional representatives from NITDA, ATCON, NIRA, ALTON, ISPON, and NgREN serve as board members, with Dr. Chris Uwaje and Prof. Latif Ladid acting as Advisers. This group is responsible for leading the nationwide migration from IPv4 to IPv6.

“The transition to IPv6 is a strategic national priority. It is essential for enabling Nigeria’s digital transformation, economic growth, and global competitiveness. The council’s strategy identifies IPv6 as a primary catalyst for national development, focusing on three pillars: supporting emerging technologies such as 5G and the Internet of Things (IoT), promoting economic diversification, and providing enhanced security and performance compared to legacy solutions such as Network Address Translation (NAT),” Rudman stated.

To achieve these objectives, the council’s action plan is structured around two primary initiatives: awareness-raising and capacity-building. The board will prioritize promoting national awareness of IPv6 through targeted events and workshops, while also providing IPv6 training to network engineers across various operators, including ISPs, telecommunications companies, educational institutions, and financial organizations. These efforts are expected to facilitate the acquisition and deployment of IPv6 throughout Nigerian networks.

The council will develop and oversee the national IPv6 strategy, monitor adoption across sectors, and report regularly to the Federal Government. Additionally, the council will identify technical challenges, strengthen local engineering capacity, and recommend regulatory measures to encourage ISPs, telecommunications operators, academic institutions, and enterprises to upgrade.

With the Nigeria IPv6 Council now operational, local enterprises and network providers are required to upgrade their systems to sustain the nation’s position in the global digital landscape.


Kindly share this post
Continue Reading

News

ALX Broadens AI Training in Africa

Published

on

Kindly share this post

Pan-African talent accelerator ALX is expanding its footprint and shifting to a fully self-paced learning model to train and integrate young Africans into the workforce, as the global economy reorganises around artificial intelligence (AI).

Partnering with the MasterCard Foundation, the technology training provider and career accelerator designed to equip African talent, says it enables learners to access tech training for $5 a month.

It emphasises a shift in demographics saying that by 2035, more young Africans will enter the workforce annually.

ALX notes that its model has graduated 347,100 learners, with 63% finding employment within six months. Women represent over half of all graduates. To increase flexibility, the organisation emphasises that learning is now entirely self-paced.

“Learners progress through modular blocks, earning credentials as they go, ensuring that the training fits around their existing responsibilities,” says Shana-Michelle Rabonda, Chief Operating Officer of ALX.

Rabonda adds that global employers are taking notice: “We are building a direct pipeline to the global digital economy. When companies look for elite tech talent, they are looking at Africa.”

Due to this demand, firms such as Absa, Stanbic Bank, MTN, and KPMG now employ between 50 and 180 ALX graduates each. Meanwhile, community entrepreneurs have created over 60,100 jobs through AI startups like Signvrse and Edulga.

With Africa’s AI market projected to grow to $16.5 billion by 2030, ALX operates alongside competitors like Moringa School and GoMyCode to secure mindshare.

“With the right skills and networks, young Africans can seize these opportunities,” Rabonda emphasises. “Africa’s youth should not just be consumers of AI; they should be creators shaping innovations that will define the global economy.”


Kindly share this post
Continue Reading

Trending