Telecom
Nigeria Oils Machine for Launch of Sat2, 2nd Satellite — Pantami
Nigeria is to launch a second satellite (Sat 2) into orbit with a view to boosting the nation’s satellite communications capacity, according to Isa Ali Pantami, minister of Communications and Digital Economy.
Pantami said he has secured the approval of for purchasing the Satellite.
He disclosed this during a one-day working visit and interaction with the staff of the Nigerian Communications Satellite in Lugbe Abuja.
The minister also informed that he had gone further to lobby the Minister of Finance to ensure that this is included in the 2022 Budget.
Though the Minister refused to disclose the amount approved and how many satellites are to be purchased, our findings show that the Federal government earmarked the sum of N2.5 billion for the Satellite 2 project in the 2022 budget estimate.
The existing Sat1R, which was launched in 2011 with a life span of 15 will expire in the next four years.
Recall that the Federal government had in 2017 announced plans to raise $550m required for the construction of two new communications satellites for Nigeria, which the Chinese Export and Import Bank accepted to provide.
According to NIGCOMSAT, the approval of the Chinese bank followed representation by Nigeria that it could not afford the 15 per cent counterpart funding required for the country to access the loan of $550m for the construction of the two new communications satellites.
Also, the minister said he had approved the establishment of some subsidiaries under NIGCOMSAT, as part of the ongoing effort to revive the institution back to the part of progress and productivity.
‘‘Since 2019, I have been so passionate about the success of NIGCOMSAT. Starting with the suspension of the privatization of NIGCOMSAT. As a matter of fact, I have secured the approval of Mr President for purchasing another Satellite. I went further to lobby the Minister of Finance to ensure that this is included in the 2022 budget. I have also approved the establishment of some subsidiaries under NIGCOMSAT as part of efforts to revive the company and make it innovative and productive.’’
Pantami, who told the staff of the company that the innovation in the agency is not enough and needs to be improved upon, charged them to turn the institution around in order to justify the suspension of the proposed privatization plan.
The Minister said, ‘‘Core values should be the guiding principle that must be adopted without compromise, to ensure that any institution is successful. You need to be customer-centric, discover the failure of services before they realize it, fix the problem and come up with innovative ideas. The innovation in the agency is not enough and needs to be improved upon
‘‘You need to change your perception because you are not part of core civil servants, you are a company and should by far be above civil servants. One of the reasons our civil service has been failing is that feeling that we are government employees, we have nothing to lose and whatever happens, we will be paid our salaries.
‘‘There are other companies that are ready to come up and start providing similar services with you. The efforts made to stop privatization of NIGCOMSAT is for the good of the company and for the good of the country.’’
‘‘You need to turn things around through the Unique and effective service you are able to provide and revenue you generate for government. It is a difficult task to revive an institution and make it very successful, that you must make. The challenge of reviving NIGCOMSAT is not just a necessity but an obligation for all the staff,’’ he added.
Speaking on the revolution in NITDA, Pantami said through innovative policies and implementation, he succeeded in raising NITDA revenue from N7 billion to N19 billion annually, an agency that was supposed to be scrapped according to Orosanaya Report.
‘‘We revived NITDA and the agency has become a reference point for any IT project.’’
On NIMC, he said they had also secured the approval of N25 billion for the agency infrastructure upgrade.
‘‘Look at NIMC and what we have achieved, the NIN environment since the inception of National Identity Card to 2020 when I assumed supervision of the commission even after billions have been spent was below 30 million, and this is direct enrollment without leveraging on any database.
‘‘Before I assumed supervision, the annual enrollment used to be around 1.5 to 2million but between October 2020 to December 2021, we increased the NIN environment by 30 million in using the obsolete infrastructure. Mr President has approved N25 billion for the infrastructure but till today, no money has been released from October 2020 to date but we are still doing the work, that is why thinking outside the box is necessary.
‘‘The achievement of this one year has been better than the previous 10 years and within that 10 years there was a time N100 billion was released but this one no single Kobo was released to us. As the DG of NITDA, I increased the revenue generation of NITDA from N7 billion annually to N19 billion. Leverage the opportunity and turn things around.
‘‘Before I became the Minister, there was an Orunsanye report that recommended that NITDA should be scrapped and that the IT clearance should be given to Galaxy Backbone but today nobody is talking about the scrapping of NITDA because the institution has turned things around.
‘‘If you turn things around, you will go back and sleep but if you fail, you will be struggling So the challenge is on your table, the earlier you use 2022 and make NIGCOMSAT better the better for all of you but if you fail to do that, many people are there waiting for me to go so that they can execute their agenda.
‘‘2022 is the best year for you to turn things around but if you fail to do that, it will be the worst year for you I don’t pray for that, I pray for the best for you but you must get your priority right,’’ he said.
Earlier in her welcome address, Dr Abimbola Alale, managing director of NIGCOMSAT, said the coming of the Minister has raised the hope and confidence of the staff and management of the agency through his unprecedented support and increase in yearly budgetary allocation.
She expressed delight for the support being given to the agency by the Minister and assured him that her staff would take up the new challenge and ensure that they deliver on the mandate given by the Minister.
Vivo, Chinese smartphone maker has signed a memorandum of understanding (MoU) with Credit Direct, Nigerian consumer finance company to launch a device financing programme in the country.
L-R: Toni Liu, CEO, vivo Nigeria, and Chukwuma Nwanze, MD/CEO, Credit Direct, at the MoU signing in Lagos
This initiative aims to remove barriers to smartphone ownership while supporting Vivo’s expansion strategy in Nigeria.
Under the terms of the agreement, customers can purchase a Vivo smartphone by paying 20% upfront and spreading the remaining balance over six months.
Credit Direct will provide the financing.
Both companies target sales of more than 200,000 devices in the first year.
“People who need smartphones but cannot pay upfront can now do so through a payment plan that does not strain their monthly income. Our mission has always been to make financial solutions a universal opportunity, and this is exactly what this represents in practice. I am truly excited about what we can achieve together,” said Chukwuma Nwanze, chief executive officer of Credit Direct.
This initiative comes as smartphone financing programs gain momentum across Africa, where device affordability remains a key barrier to mobile internet adoption.
According to the GSMA, the median cost of an entry-level smartphone in Nigeria fell from $84 in 2018 to $18 in 2024, reducing its share of average monthly income to 26%.
However, currency depreciation and rising living costs have offset much of this progress.
For the poorest 40% of Nigerians, an entry-level smartphone still represents 56% of monthly income, while it accounts for 73% for the poorest 20%, highlighting persistent affordability constraints among vulnerable households.
Despite these challenges, smartphone ownership reached only 27% in Nigeria in 2024, according to the GSMA, leaving significant room for growth.
Data from StatCounter shows that Vivo held a 1.18% market share at the end of March 2026.
The company remains far behind market leader Tecno with 18.72%, followed by Infinix at 16.28%, Samsung at 15.4%, Apple at 14.15%, and Xiaomi at 8.17%.
Other players such as Oppo, Itel, and Huawei also operate in the market.
Nigeria’s foremost payments and financial inclusion dialogue platform, Payments Forum Nigeria (PAFON 3.0), will hold this Friday, April 24, 2026, at the prestigious Lagos Oriental Hotel, Lekki Road, bringing together regulators, fintech leaders, banks, policymakers, agent networks, cybersecurity experts, innovators, and ecosystem stakeholders to shape the future of digital payments in Nigeria.
Payments Forum Nigeria (PAFON 3.0
With the theme: “Fair Digital Payments as a Catalyst for Deepening Financial Inclusion in Nigeria,” PAFON 3.0 comes at a defining moment for the country’s digital economy as stakeholders seek practical pathways to close the inclusion gap, strengthen trust in payment systems, and accelerate access for underserved populations.
Why PAFON 3.0 is Different
“Unlike routine conferences, PAFON is a solutions-driven forum designed to bridge policy conversations with market realities.
“The event uniquely convenes fintech operators, agent banking networks, cooperatives, payment innovators, cybersecurity professionals, and thought leaders under one roof to tackle real challenges affecting Nigerians at the grassroots”, said Peter Oluka, co-convener of Payments Forum Nigeria.
“From digital trust and cybersecurity to agency banking, embedded finance, stablecoins, eNaira, SME growth, and healthcare financing, PAFON 3.0 is positioned as one of the most strategic gatherings in Nigeria’s payments ecosystem this year”, Oluka added.
High-Profile Keynote Speakers Confirmed
This year’s edition will feature a distinguished lineup of keynote speakers and industry leaders, including Prof. Adewale Peter Obadare, chief visionary officer, Digital Encode, and Dr. Jameelah Sherrief-Ayedu, vice president, FintechNGR & CEO, Credit Registry
Other confirmed speakers include, Dennis Ajalie, managing director, TeamApt Ltd.; Mr. Chika Nwosu, managing director, PalmPay Nigeria; Uche Uzoebo, MD/CEO, Shared Agent Network Expansion Facilities (SANEF Limited): Special Guest of Honour; Chike Onwuegbuchi, Chairman, Nigeria Information Technology Reporters Association of Nigeria (NITRA); Mojeed Abayomi Agboola, national president, Financial Inclusion Agents Multipurpose Cooperative Society (FIAMCS); Ibirogba Oluwagunwa, chairman Lagos Chapter, Association of Mobile Money and Bank Agents in Nigeria (AMMBAN); Sarafadeen Atanda Fasasi, and president, Association of Financial Inclusion Agents of Nigeria (AFIAN).
Fireside Chat on Africa’s Next Innovators
Another standout session will explore the future of digital currencies and regional interoperability: Stablecoins vs. eNaira: Orchestrating a Unified Digital Payment Rail for West Africa
This special fireside chat, hosted in collaboration with Lagos Blockchain Week, promises fresh perspectives on the next phase of Africa’s payment innovation journey.
Chuwuemeka Enoch Mbaebie, Lead convener of LBW will host the session alongside Senator Ihenyen, Lead Partner of Infusion Lawyers and Founding Trustee of the Virtual Asset Service Providers Association (VASPA); Victoria Oluebube Igboanugo, marketing lead, Lagos Blockchain Week; Chidubem Emelumadu, ecosystem lead (Africa), Lisk, and Harrison Obiefule, Nigerian lead for Superteam.
More Activities Lined Up
Attendees will also experience product demo of Myitura Healthcare Financing Solution;
Townhall Meeting on The State of Agency Banking in Nigeria led by AMMBAN; Goodwill messages from leading institutions and industry associations, and strategic networking with decision-makers across banking, fintech, regulation, media, and innovation ecosystems
PAFON 3.0 is expected to attract C-suite executives, startup founders, regulators, investors, digital payment operators, development institutions, policymakers, and professionals seeking to understand where Nigeria’s payment future is heading.
Participation
Participation is free.
The application deadline for the fifth edition of the MTN Media Innovation Programme (MIP) has been extended to April 25, 2026, organisers have announced.
MTN Nigeria Media Innovation Programme
The extension offers additional time for qualified media professionals and digital content creators across Nigeria to apply for the fully funded programme aimed at advancing storytelling and media innovation.
The initiative is sponsored by MTN Nigeria in partnership with the School of Media and Communication, Pan-Atlantic University (PAU).
Organisers said the 2026 cohort would admit 25 fellows, an increase from the previous 20, in line with MTN Nigeria’s 25th anniversary and its continued commitment to strengthening the country’s media ecosystem.
Launched in 2022, the six-month certificate programme provides participants with training in media innovation, leadership and digital transformation.
It features academic sessions at PAU, industry engagements and an international study visit, including sessions at the University of Johannesburg.
According to the organisers, the programme has produced a growing network of alumni contributing to Nigeria’s media landscape through leadership roles, new media ventures and impactful storytelling.
The programme is open to practitioners across print, broadcast, digital and social media, with applicants expected to demonstrate a strong commitment to innovation and professional development.
Interested applicants can submit their entries through the School of Media and Communication website.
Shortlisted candidates will undergo a rigorous selection process, with successful applicants expected to commence the programme in May 2026.
Nigeria CommunicationsWeek reports that the initiative is part of broader efforts to equip media professionals with the skills needed to adapt to the evolving digital economy.
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