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Nigeria’s ICT Market: Things to Cheer, Worry About- Okere

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(L-r): Chris Uwaje, director general, Delta State ICT Hub (DS-ICT Hub) and chairman of the occasion, and Austin Okere, founder/chairman Computer Warehouse Group (CWG) and keynote speaker at #ICTSuccessSummit2016 held in Lagos at the weekend.
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Austin Okere, founder and vice chairman, Computer Warehouse Group (CWG) has presented a score card of the Nigeria’s IT sector highlighting both cheering and worrying situations in the third largest sector of the economy.

The keynote speaker at the inaugural ICT Success Summit held in Lagos on Saturday, urged African IT entrepreneurs to think outside the box and broaden their horizon towards solving challenges peculiar to the emerging markets.

Okere who founded CWG, one of the Africa’s most successful IT companies with annual revenue of over $130m and staff strength above 650, said that the extension of GSM connected lines from 106m to 222million is worthy of celebration, even as the teledensity 91% to 107% in less than two decades of GSM introduction.

Today, CWG has direct operations in four African countries and indirect operations in 17 others, while Okere remains the entrepreneur in residence, CBS New York; WEF GAC on Innovation & Intrapreneurship; Advisory Board, GBSN; Advisory Council, ATCON and Governing Council, IoD Nigeria.

He also highlighted that Nigeria’s ICT sector should be celebrated as the first to connect REN in West Africa (NgREN), presently contributing 12.68% to GDP in 2Q2016 and has become the third largest sector after agric (22.55%) and trade (17.57%).

According to him, Nigeria has one of the most robust ICT Policy and Broadband plan on the Continent following the strong voice at ministerial level through the creation of Ministry of Communication Technology (now Ministry of Communications) in 2011.

He also said that the President Buhari’s administration resolve to set up technology hubs in all Geographical Zones is a welcome development and will stir innovation among the youths.

Okere who also presented a currency Matrix to describe the imbalances between matching revenue with cost in the present system where dollar tends to be the legal tender does not augur well for the economy, especially, as the market is skewed against the indigenous players.

“There are other things to worry about in the system. For instance, GDP growth in ICT has slowed from 4.07% to 1.35% in Q2; NgREN is now idle because of subscription fees whereas billions were spent to set it up; it this ever non-promotion of local software and services.

“The industry needs regulatory support, especially for NOTAP to enforce of 60/40 rule in ATS and why should there be dollar payments to VADs in a naira economy; also, we will discover that the indigenous player is meant to shoulder tax burden of OEMs and VADs. Simply put, the local companies are in a race to the bottom. No matter who wins a rat race, he is still a rat. Therefore, current structure of the industry kills the local players”, he decried.

The Keynote speaker however assured ICT entrepreneurs that all hope is not lost, stressing that they must focus on the larger results ahead them.

“The trade-offs I made: Exchanging Affirmation for Accomplishment – I stopped being a people pleaser; Exchanging security for significance – I changed my attitude towards uncertainty; Trading Immediate Victory for Long Term Sustainability – I stopped measuring my performance solely in terms of immediate results”, he said.

 


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Court Declares Keystone Bank Staff Wanted over Alleged N35m Fraud

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A Federal High Court, Lagos has declared Mrs. Ebele Okpala, a female banker with Keystone Bank, wanted over alleged N35 million fraud.

Court Declares Keystone Bank Staff Wanted over Alleged N35m Fraud

Apart from declaring the banker who is said to be outside the country wanted, Justice deinde Dipeolu, trial judge in the matter, also directed the Department of State Security (DSS), Nigerian Immigration Service (NIS), and Nigeria Customs Service (NCS), to arrest her upon arriving the country.

Justice Dipeolu made the above order while granting a motion ex-parte marked FHC/L/530C/2024, filed and moved by M. Bello, on behalf of the Nigeria Police.

In the motion, Ebele Okpala and one Perpetual Onyeto, also a banker were listed as first and second defendants/respondents in the suit, while DSS, NIS and NCS were listed as cited parties/respondents.

In urging the court to make the above orders, Bello, informed the court that the application was pursuant to several sections of the Administration of Criminal Justice Act (ACJA) 2015, and under the court’s inherent jurisdiction. Adding that the application was supported by an affidavit deposed to by Inspector Tope Akerele of the Force Criminal Investigation Department (FCID), Special Fraud Unit (SFU), Ikoyi, Lagos.

In granting the application, Justice Dipeolu held, “After considering the application and the supporting affidavit, the request had merit and granted all the reliefs sought by the prosecution.

“That an order is hereby made that the 1st defendant/despondent be declared wanted and placed on the wanted list of the Nigeria Police Special Fraud Unit, 13, Milverton Road, Ikoyi, Lagos until she is arrested.

“That an order is hereby made compelling cited parties/respondents to assist in apprehending 1st defendant/Respondent once he enters into the country.

“That an order is hereby made permitting the Publication of the name of the 1st defendant/despondent in the National Daily Newspapers and Social Media handles by the Nigeria Police Special Fraud Unity Ikoyi, Lagos for the purpose of fulfilling the requirement of the Order 1 above.”

Recall that both the wanted banker and the second defendant/respondent were previously arraigned before the court by the operatives of the police Special Fraud Unit, PSFU.

Specifically, the two bankers were arraigned before the court sometimes in September 2024, on alleged conspir­acy, theft, money laundering, fraudulent lift of lien placed on bank’s customer’s account and obtaining the sum of N35 million by false presence.

 


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UK Deepens Digital Partnership with Nigeria to Drive Inclusive Growth

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The United Kingdom has announced expanded collaboration with Nigeria to accelerate the country’s digital economy through a package of initiatives delivered under the UK’s Digital Access Programme.

At the heart of this partnership is the State-level Policy, Regulatory and Institutional Reforms Enabling Digital Transformation (SPRIRET) initiative which was announced during the June visit of the UK Minister for Africa and International Development, Baroness Chapman MP.

The SPRIRET Project is designed to support reforms across five states: Abia, Edo, Ekiti, Enugu and Niger, and to reduce regulatory barriers and unlock greater investment and innovation in broadband, digital services, and emerging technologies. The UK will look to support more states in future iterations of the project.

SPRIRET will work with Initiative for Digital Inclusion to strengthen state-level policies, governance systems, digital infrastructure and human capacity to improve service delivery, increase transparency, and expand citizen access and participation in the digital economy.

The project is designed as a scalable model for nationwide replication, enabling states to generate new economic opportunities and support inclusive digital transformation at scale.

British Deputy High Commissioner, Mr. Jonny Baxter said: “The UK is proud to partner with Nigeria to drive an inclusive and innovative digital economy. Through initiatives like SPRIRET, we are supporting practical reforms that will unlock investment, strengthen institutions, and expand digital access, creating opportunities for businesses and citizens alike. This partnership reflects our shared ambition to harness technology for sustainable growth.”

Prof. Chidiebere Onyia, Secretary to the State Government, Enugu State said: “We wish to express our sincere appreciation to the British Deputy High Commission and the Foreign, Commonwealth and Development Office (FCDO) for the sustained interest in Enugu State’s development agenda and for the initiative in co-designing the SPRIRET project in response to the State’s priorities.

“We are satisfied that the SPRIRET project addresses a critical gap at the level of policy, regulatory, and institutional reform – areas that are foundational to giving lasting direction and effectiveness to all current and future digital investments in the State. We look forward to a productive and impactful partnership that will significantly advance Enugu State’s vision of an inclusive digital economy.”

Alongside SPRIRET, the UK is supporting targeted interventions to strengthen Nigeria’s wider digital ecosystem. A Technical Assistance Facility will enhance the performance of the Universal Service Provision Fund, improving its systems, institutional capacity and delivery to ensure more inclusive and sustainable digital access outcomes.

In parallel, the Safeguarding Trust, Digital Rights, Inclusion and Data Ethics (STRIDE Nigeria) Project will promote responsible data governance by raising awareness of rights under the Nigeria Data Protection Act, strengthening institutional compliance, and building a pipeline of skilled professionals.

Through a nationwide “Own Your Data” campaign and targeted fellowships, the initiative will equip citizens and businesses with the knowledge and tools to participate safely and confidently in the digital economy.

Together, these initiatives demonstrate the UK’s continued commitment to supporting Nigeria in building a more inclusive, secure and dynamic digital economy – unlocking growth, strengthening institutions, and empowering citizens.


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Army Says Terrorists Now Recruiting, Raising Funds Online

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Nigerian Army has warned that terrorist and criminal groups were increasingly exploiting cyberspace to recruit members, raise funds, coordinate attacks and spread propaganda, describing the trend as a growing threat to Nigeria’s national security.

Army Says Terrorists Now Recruiting, Raising Funds Online

Lt.-Gen. Waidi Shaibu, chief of Army Staff (COAS), raised the alarm on Tuesday at the 2026 Nigerian Army Cyber Warfare School Seminar in Abuja.

Represented by Maj.-Gen. Jeremiah Manjang, deputy chief of Special Services and Programmes, the Army Chief said cyberspace has evolved into a strategic battlefield where both state and non-state actors operate with unprecedented speed, making security threats more complex and difficult to counter.

He noted that hostile actors no longer require physical presence to disrupt critical infrastructure, compromise sensitive information, manipulate public opinion or undermine national security through anonymous cyber attacks.

According to him, terrorism, insurgency, banditry, kidnapping, separatist agitations, organised crime, misinformation and disinformation are increasingly being enabled, coordinated and amplified through digital platforms and cyber networks.

“The reality is that terrorist and criminal groups now exploit cyberspace for recruitment, propaganda, fundraising, intelligence gathering, attack coordination and concealment of illicit financial transactions. This demands a proactive and coordinated national response,” he said.

Shaibu said the changing nature of security threats had compelled the Nigerian Army to strengthen its cyber capabilities to effectively address complex, asymmetric and technology-driven challenges.

He called for stronger cyber intelligence capabilities driven by artificial intelligence (AI), machine learning and advanced data analytics to improve early warning systems, threat detection and predictive security analysis.

The COAS also advocated deeper collaboration among government institutions, the military, law enforcement agencies, academia and the private sector, stressing that cybersecurity can no longer be handled by a single institution.

He emphasised the need for sustained investment in indigenous cyber capabilities, research, technological innovation and human capacity development to protect Nigeria’s digital sovereignty and enhance national resilience against emerging threats.

Shaibu further stated that integrating cyber capabilities into conventional military operations would strengthen surveillance, intelligence gathering, geospatial analysis, command-and-control systems, situational awareness and overall operational effectiveness.

Earlier, Brig.-Gen. Jacob Bawa, commandant of the Nigerian Army Cyber Warfare School, said the seminar was organised to deepen cybersecurity awareness, strengthen cyber resilience and promote collaboration among security stakeholders.

Bawa noted that Nigeria’s increasing reliance on digital technologies has exposed critical infrastructure, including telecommunications, power systems, financial institutions and government databases, to cybercriminals, terrorists and hostile state actors.

He said the Cyber Warfare School was established as a centre of excellence for cyber warfare training, education and research.

According to him, participants at the seminar would examine cyber resilience, threat intelligence, incident response, cyber warfare and emerging technologies with a view to developing practical recommendations for strengthening Nigeria’s cybersecurity architecture.

Also speaking, Abdulhakeem Ajijola, cybersecurity expert, warned that national security now depends significantly on the protection of digital systems, noting that artificial intelligence is transforming military operations, command structures and the protection of critical infrastructure.

Ajijola urged Nigeria to develop sovereign cyber capabilities, warning that excessive dependence on foreign-controlled software, platforms and artificial intelligence systems could undermine national resilience, operational continuity and independent decision-making during periods of crisis.

He stressed that while technology should be deployed to strengthen national sovereignty, responsibility for operational decisions must remain with human commanders.


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