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Nigeria’s ICT Industry Growing in Leaps and Bounds – Pantami

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Prof. Isa Ali Ibrahim Pantami, Minister of Communications and Digital Economy, has told the global digital community that Nigeria has been witnessing phenomenal growth in its Information and Communication Technology (ICT) industry, thus enabling socio-economic development in Nigeria and across the African continent.
Pantami stated this at a tea break hosted by Nigeria on the sideline of the 2022 International Telecommunication Union’s World Telecommunications Development Conference (ITU-WTDC) which started in Kigali Rwanda on Wednesday, June 8, 2022.
The tea break was attended by senior officials of the ITU, including the Secretary General, Houlin Zhao, as well as representatives and heads of delegations from different countries attending the annual conference.
Addressing delegates on behalf of the Minister, the Executive Commissioner, Technical Services at the Nigerian Communications Commission (NCC), Ubale Maska, said that Nigeria had continued to record impressive growth in its ICT sector and acknowledged the support of the ITU in Nigeria’s strides in ICT.
“Nigeria has utilized ICT as a driver of socio-economic development not just for herself, but also for the benefit of the sub-region and continent, given its role as a founding member and strategic sponsor of the West Africa Telecommunications Regulators Assembly (WATRA),” Maska said.
Providing latest growth statistics in terms of the telecoms segment of the Nigerian ICT industry, Maska said in the last 20 years, Nigeria has achieved robust growth in its telecoms industry where it went from less than half a million connected telephone lines to over 200 million active mobile lines as at April, 2022. Importantly, the broadband penetration in Nigeria is now 42.79 per cent.
“As a country, we have grown from Second Generation (2G), to 3G, 4G and now the 5G is about to come on board after conducting a globally-acclaimed transparent auction and awards of two 5G licences. Also, the country has implemented vigorous financial inclusion initiatives riding on robust digital infrastructure,” he said.
Engr. Maska said many achievements of Nigeria in the area of ICT development have been possible through the successful launch and implementation of policies that foster use of ICTs across all sectors to enhance a digital economy.
Meanwhile, as a long-standing member of ITU Council, Maska said Nigeria has been playing remarkable roles in ITU, such as its chairing the World Summit on the Information Society (WSIS) 2022; chairing the World Radiocommunications Conference (WRC) 2015; and chairing of ITU Council Standing Committee on Administration and Management (SC-ADM) in 2019 and 2022.
He said Nigeria has also chaired the Ad-hoc Committee on ITU Regional Presence; served as chair and vice chair of several study groups; and provided financial support to the ITU headquarters.
Maska assured the participants that Nigeria hopes to have the privilege and honour to continue to serve in the forthcoming ITU Council cycle (2022-2026).
Maska commended the government of Rwanda for hosting this year’s edition of the conference on behalf of the African continent.
In his speech during the brief event, the ITU Scribe, Houlin Zhao, extolled Nigeria’s role and contributions as a member of ITU Council.
He used the opportunity to seek the support of the other member countries for Nigeria’s membership in the next cycle, 2022-2026.
Maska, who participated as a panelist at the Partner2Connect Development Roundtable High Level Panel 8, warmly appreciated the ITU officials and delegates from other countries for honouring Nigeria’s invitation to the tea break to have important deliberations at the development conference.
Focused on “Connecting the unconnected to achieve sustainable development”, WTDC is a unique opportunity to develop innovative approaches and new models of collaboration for connectivity and digital solutions in this final ‘Decade of Action’ to achieve the Sustainable Development Goals (SDGs).
The WTDC, taking place in Kigali, Rwanda, from 6 to 16 June 2022, features the Partner2Connect Digital Development Roundtable from 7 to 9 June. It was preceded by the Generation Connect Global Youth Summit from 2 to 4 June.
The ITU, through its Telecommunication Development Bureau (BDT), organizes the WTDC in the period between two Plenipotentiary Conferences (the supreme organ of ITU which takes place every four years), to consider topics, projects and programmes relevant to telecommunication development.
The WTDC sets the strategies and objectives for the development of telecommunication and ICT, and provides future direction and guidance to the ITU Telecommunication Development Sector (ITU-D).

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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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Conoil Bonanza Winners Emerge

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Conoil Plc is spreading joy this Valentine season as the first group of winners in its Valentine Bonanza promotion have been announced and rewarded. Launched on February 14, the campaign continues to delight customers at participating retail outlets.

The initial raffle draw, conducted on February 21, saw fortunate customers receive ₦10,000 worth of free petrol each. The draw was carried out publicly, with media representatives present to ensure full transparency. With the promotion still ongoing, more customers have the opportunity to join in and potentially be among the next winners.

A Conoil Management spokesperson explained that the initiative is a way to show appreciation to loyal customers for their ongoing support. “Our customers have responded impressively to the bonanza, with strong participation recorded across our stations,” the spokesperson said.

The second and final phase of the promotion is now in motion. Customers who purchase at least 10 litres of petrol at any participating Conoil station remain eligible to win in the grand finale raffle.

The grand finale is set for February 28 at 12 noon. Motorists in Lagos and Ogun states are encouraged to visit Conoil outlets to collect their tickets and take part in the exciting conclusion of this Valentine celebration.


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PalmPay Couples Show How Love Is Funded Digitally

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PalmPay users took to the #LoveWithPalmPay campaign to show how experiences are powered through seamless banking.

It’s the month of love and social media has been filled with couples showing affection with gifts. As digital payments become embedded in everyday life, the way relationships are planned, funded, and experienced is evolving.

Recent insights from SBM Intelligence 2025 ‘Love in the Air’ report show that despite economic pressures, most Nigerians still set aside dedicated budgets for Valentine’s Day, with the largest percentage planning to spend between N51,000 and N100,000, while less than 5% are willing to spend above N500,000.

This growing intentionality highlights the need for platforms that help people manage their money more effectively, offering features like free transfers and tools that make it easier to send, track, and preserve funds while still showing up for meaningful moments.

Through the #LoveWithPalmPay campaign, PalmPay set out to show how the platform is enabling users to plan, pay, and celebrate meaningful moments with greater ease.

During the Valentine’s season, PalmPay invited couples across Nigeria to share their stories through the #LoveWithPalmPay campaign, celebrating how digital banking supports their individual expressions of love.

The campaign saw strong participation, with many PalmPay couples submitting entries that showcased how they use the app to plan surprises, pay for outings, and stay connected through everyday transactions.

From these entries, four couples were selected, each showcasing how PalmPay has enabled fast and reliable transactions in key moments.

One video from @simply.omotoshan, one of the selected couples, captures the role of seamless payments in making their spontaneous moments possible.

She said in her entry video: “Our cutest money moment with PalmPay was when we planned our Valentine’s picnic and realized we had forgotten half of the things we needed; literally, half of everything. We rushed to the mall to get cakes, food, decorations, and all the essentials. When it was time to pay, we used PalmPay.

“The transaction was smooth, fast, and stress-free.  In no time, we were done setting up our Valentine-themed picnic with everything perfectly ready. Honestly, all our experiences with PalmPay have been easy and satisfying, but this one is definitely our cutest money moment. Thank you, PalmPay.”

A testimonial from the fourth selected couple, Mohammed and his wife, reflects his excitement: “Hello PalmPay, thank you so much for selecting us as one of the winners of the #LoveWithPalmPay campaign. We truly appreciate this. My wife and I are very grateful. Thank you, PalmPay, for the love and support. We’re so happy and thankful for the N100,000 reward. We love you, PalmPay, and long live PalmPay. Thank you so much.”

Beyond the feel-good stories, the campaign reflects a broader shift: fintech is no longer just about transactions, it’s about enabling experiences. Reliable payments, fast transactions, and accessible financial tools reduce the friction that can disrupt important moments, allowing users to focus on connection rather than logistics.

From paying for dinner to managing other expenses, PalmPay continues to demonstrate how digital financial services support modern relationships, proving that in today’s economy, love is not only felt, it’s funded digitally.

 


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KPMG Strengthens Africa Leadership to Support Long‑term Growth Across the Continent

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KPMG has appointed Tola Adeyemi as Chief Executive Officer for KPMG one Africa, alongside the addition of Professor Olayinka David‑West and Dr. George Njenga as independent members of the Africa Governance Council (AGC).

Effective from March 2026, the appointments reinforce the firm’s leadership expertise, underscore a long‑term commitment to Africa and highlight confidence in the continent’s growth potential.

“Africa is one of the most dynamic and promising regions in the global economy, and KPMG is committed to playing a meaningful role in its growth story,” said Tola Adeyemi, incoming CEO for KPMG One Africa.

He continued: “It is a privilege to step into this role at such a pivotal moment for both KPMG and the continent. I look forward to building on our strong, connected and high‑performing base to deepen collaboration and deliver consistent quality and impact across our markets.”

KPMG is recognised globally for its commitment to quality, integrity and professional excellence, supported by a strong global network of member firms. Trust remains the foundation of the audit and accounting profession, with high standards of governance, ethics and audit quality increasingly demanded across Africa’s public and private sectors.

KPMG One Africa’s approach brings the continent closer together with strong leadership to strengthen cross-border collaboration and offer shared expertise and consistency which is business‑critical to help clients navigate complex risks and unlock sustainable growth opportunities.

Commenting on the appointment, Professor Ben Marx, Chairman of the Africa Governance Council, said: “Tola Adeyemi is exceptionally well positioned to lead KPMG One Africa. In addition to his global perspective as a member of the KPMG Global Council, he brings significant influence and credibility as a respected business leader across the continent.”

The appointments of Professor David‑West and Dr Njenga to the Africa Governance Council, which provides board level governance, further strengthens independent oversight, bringing strong academic credentials alongside deep strategic and business expertise.

“These appointments reinforce KPMG’s commitment to strong governance, accountability and leadership depth,” Marx added. “They complement our established African leadership team, in‑country managing partners and regional senior partners, further enhancing our client‑centric approach across Africa.”

 


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