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NITDA Boss, Sterling Bank, The Nest, others Honoured at Nigeria Innovation Summit 2021

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Some of the 2021 Nigeria Innovation Awardees
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The Nigeria Innovation Summit 2021 (Virtual Edition) with the theme: Charting a New Economic Path Through Technology, Innovation & Entrepreneurship, organized by InnovationHub Africa, and held on October 5-6, 2021 was successfully concluded with the participation of delegates and stakeholders across the globe, who connected virtually.

Some of the 2021 Nigeria Innovation Awardees

The Summit in its 6th year is an annual event that brings together stakeholders from different sectors of Nigeria’s economy to share ideas, trends, and opportunities around technology, innovation, and entrepreneurship development in Nigeria.

The three-day event was dedicated to promote innovation in all sectors of the economy in Nigeria.

Highlights of the summit included Keynote Sessions and Presentations, Innovative Showcase by startups, NiX Talks, and Panel Discussions/Interactive Sessions which were given by distinguished speakers including Prof. Umar Garba Danbatta, EVC, Nigeria Communications Commission (NCC), Mallam Kashifu Inuwa Abdullahi  DG/CEO, National Information Technology Development Agency (NITDA), Lanre Ogungbe, CEO IdentityPass; Prof Tony Bailetti, Chair of the Board Nigeria-Canada Trade & Investment Group; Oluwajoba Oloba, Co-Founder, The Nest Technology Innovation Park; Prof. Isaac Abereijo, Director, Institute for Entrepreneurship and Development Studies (IFEDS), OAU; Dr. (Mrs) Erigbe Patience Ajirioghene, Director, Centre for Entrepreneurship Development and General Studies, Mountain Top University; Dr. Stephen Oluwatobi, Board Chair, Hebron Startup Lab at Covenant University; Johnny Enagwolor, Co-founder Treepz; Bola Lawal, Co-founder & CEO, ScholarX;  Bruno Woeran, Head, Research & Innovation, PMU, Austria.

The crowning of the Nigerian Innovation Summit (NIS) 2021, was The Nigeria Innovation Awards Night (NIAN) 2021.

The Nigeria Innovation Awards recognises and awards key innovators at the forefront of the Nigerian Innovation landscape, as well as disruptors bringing positive and empirical impacts as well as progressive solutions to unique challenges.

Of the hundreds nominated for the Nigerian Innovation Awards 2021, only ten organisations and individuals emerged worthy recipients of this year’s awards, given their impressive track record to innovatively tackle problems and measurable impacts in keeping the Nigerian innovation landscape sustainable.

The 2021 NIAN awardees include Mallam Kashifu Inuwa Abdullahi for His Effort in Technology Development in Nigeria through NITDA. Sterling Bank Plc. for innovating consumer / retail banking with digital products; Obafemi Awolowo University (OAU) For Pioneering & Supporting Startup Development in Nigeria’s Academic Environment; The Nest Innovation Hub for supporting innovation in the tech & startup ecosystem, Kudabank for innovating banking through digital bank, Chaka  for innovating retail investment opportunities for Nigerians, Utiva for innovating education through Online Learning, Helpmum for Innovating maternal and infant health, Greenage Technologies, for innovating energy through indigenious smart solar inverters and Treepz for innovating mass transport through bus-hailing.

Speaking on the summit and the Nigeria Innovation Awards, Tony Ajah, Programme Director of Nigeria Innovation Summit said: “the submissions and recommendations from NIS 2021 proves that in this post-covid era, there is a need to build innovative business solutions, and develop an ecosystem in Nigeria across all sectors drive innovation by promoting local content development, and locally-relevant technological solutions.

“Key stakeholders and innovation actors must have a decentralised collaborative platform to exchange ideas and mobilise the increasing knowledge of innovation to greatly impact on the socio-economic development of Nigeria so that local innovation can solve local issues. This will improve performance across every sector of the economy.

“NITDA as an agency of government is poised to create opportunities for the development of homegrown technology solutions including the indigenous manufacture of competitive IT components, to meet the needs of the country, create jobs and wealth, compete globally and generate foreign exchange earnings. Other agencies of government are encouraged to emulate such initiatives.”

The Nigeria Innovation Summit 2021 had participation from 5 continents, delegates from government agencies, diplomats, academic communities and research institutes, international organisations, investors, innovators, business/thought leaders, innovators, startups and students.

And this year’s Summit received huge support from the Nigerian Communications Commission (NCC); the National Information Technology Development Agency (NITDA); The Next Technology and Innovation Hub as partners, and was sponsored by IdentityPass and Sterling Bank Plc.


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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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NCC Insists Telcos Must Compensate Subscribers for Poor Quality of Service

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Dr. Aminu Maida, executive vice chairman, Nigerian Communications Commission  (NCC), has insisted that telecommunications operators must compensate subscriber for poor quality of service after a facility tour of major telecommunications operators in Lagos yesterday.

NCC Insists Telcos Must Compensate Subscribers for Poor Quality of Service

The team comprises of Chief Idris Olorunnimbe the Chairman of the Governing Board of the Nigerian Communications Commission (NCC), EVC, Engr. Gbenga Adebayo, chairman, Association of Licensed Telecommunications Operators of Nigeria (ALTON) and other stakeholders visited MTN Nigeria, Globacom and Airtel Nigeria.

Earlier this week, the commission directed Mobile Network Operators (MNOs) to provide compensation to subscribers whose network quality of service experience is below specified targets within certain locations.

In a statement signed by Nnenna Ukoha, head, Public Affairs Department, NCC, the commission noted that its position is that subscribers should not be made to bear the full burden of service disruptions where operators fail to meet prescribed standards of service delivery.

Speaking after the facility tour the EVC, said: “We are in a situation where Nigerians are yearning for better service, but better service requires infrastructure. We are not where we want to be or where we need to be, but from what I’ve seen today, I am reassured that the operators are continuing to invest. I urge Nigerians to be a little bit patient while these investments are made, so that we can address the infrastructure deficit that is required to improve service for Nigerians.

“I wasn’t expecting that a tour like this would change that directive. We looked at it and we said the fairest thing to do was for subscribers to be compensated. This is not to say that the operators have not tried. Service has improved. The data shows that our demand is also increasing at a rate faster than the infrastructure is being built. So Nigerians have to be a little bit patient. From what I’ve seen today and all the work that has been done, I’m confident that gap will be close shortly”.

Chief Idris Olorunnimbe, chairman of the Governing Board of the Nigerian Communications Commission (NCC), added: “From what we have seen, and what has been done. We have been told in detail what is to come. And I mean, just like the EVC said, all we need is a bit more patience, better service, deeper penetration is assured based on everything that we’ve seen, and everything we have heard.

“It’s also important to commend our operators. The infrastructure that we’ve seen is comparable with any infrastructure from any telecom operator anywhere in the world, and Nigeria is not behind, and based on what we’ve also seen in terms of their plans for expansion, Nigeria will always be able to compete with any other country in the world.

” More so, drop calls are not deliberate. They are caused by a few things. One of it is fiber cut and attacks or vandalization of towers and other infrastructure. But now, it has reduced. We have seen they’ve shown us data today that shows a significant reduction. It will continue to reduce. As the critical national infrastructure program deepens and we’re also about to introduce an accountability framework of “when fiber is damaged, you must fix it”. That way we think that people will be more responsible with their constructions that breach telecom infrastructure. Then we can keep those incidents to the barest minimum, drop calls would also reduce.

“However, when calls drop, the networks also lose so it’s not in their interest for your calls to drop or for you to experience frustration when you use the service, because the more reliable it is, the longer you spend on it, the longer you spend on it, the more money they’re able to make. So, they are also doing their best in terms of ensuring that these incidents are reduced to the barest minimum”.


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NITDA Urges Joint Action to Drive Nigeria’s Digital Innovation

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Kashifu Inuwa, the Director General of the National Information Technology Development Agency (NITDA), has underscored the importance of collaboration between government institutions and emerging startups as a catalyst for Nigeria’s digital transformation and national development.

Speaking at the Nigerian Satellite Week 2026 in Abuja, themed “Harnessing Space Technology for an Extraordinary Nigeria,” Inuwa urged stakeholders to embrace partnerships as a pathway to innovation and impact.

“Take a good step, and you can make a difference,” he said, emphasizing the need to translate ideas into tangible outcomes through collective effort.

The NITDA boss, represented by the Director of Stakeholder Management and Partnerships, Aristotle Onumo, during his presentation on “Enhancing collaboration between government agencies and emerging start-ups”, outlined four guiding principles for driving transformation: enabling the ecosystem rather than controlling it; prioritising networks over institutions; developing talent while supporting innovation and adopting practical solutions; and focusing on platforms rather than isolated projects.

To illustrate the power of digital innovation, Inuwa shared the story of a rural farmer whose productivity challenges ranging from unstable rents to failed loans were overcome through access to digital tools and networks. He explained that such incremental interventions can scale into broader economic gains, ultimately contributing to national infrastructure like satellite systems.

“This is the power of space technology, and it shows why events like this are so important,” he noted.

Highlighting the evolving role of space technology, Inuwa observed that startups are increasingly driving innovation across telecommunications, navigation, security, and cloud services. Once dominated by global superpowers, the sector is now emerging as a key economic driver, with Nigeria’s “Sunrise Packet” projected to contribute over $1.5 billion to the economy by 2030.

“Innovation without adoption is wasted,” he added, stressing the critical role of government in enabling start-ups to scale through supportive policies, infrastructure, and incentives.

According to him, developmental regulation should focus on creating markets, orchestrating ecosystems, and delivering public value rather than stifling innovation. He pointed to several initiatives supporting the growth of Nigeria’s innovation ecosystem, including the Digital Start-Up Act, Idea Hatch, and the National Digital Leadership Programme, all designed to empower young innovators and connect them to global opportunities.

He further highlighted platforms such as GITEX Africa, GITEX Nigeria, and Digital Nigeria, which provide visibility for start-ups and attract investment, partnerships, and mentorship.

Inuwa concluded with a strong call for collaboration among government, start-ups, non-governmental organisations, and investors, describing Nigeria’s youth as the country’s greatest asset.

“If we are going to create a digital Nigeria, we must collaborate,” he said.

Also speaking at the event, the Minister of Communications, Innovation and Digital Economy,  Tijani, described Nigeria’s satellite infrastructure as central to the nation’s digital future.

“Nigeria is the only West African country with its own satellite. NigComSat provides critical connectivity and resilience, benefiting not just Nigeria but the entire region,” he said.

Tijani disclosed that President Bola Ahmed Tinubu has approved the acquisition of NigComSat-2A and NigComSat-2B, a move expected to significantly enhance the country’s space capabilities.

He stressed, however, that infrastructure alone is not sufficient.

“What truly matters is how we leverage this technology to improve agriculture, education, security, and business operations,” he said.

The Minister also highlighted key government investments, including a ₦12 billion digital economy research cluster fund under Project Bridge, which will support academics and researchers nationwide. He added that Nigeria is expanding its digital backbone through 90,000 kilometres of fibre optic cables, nearly 4,000 telecom towers in underserved communities, and new satellite deployments to strengthen regional connectivity across countries such as Cameroon, Niger, Chad, Burkina Faso, and the Republic of Benin.

“The talent, ideas, and energy are all here in Nigeria. It is up to us to turn them into real outcomes for our people and the economy,” Tijani added.

The Nigerian Satellite Week continues to provide a strategic platform for collaboration among government, start-ups, academia, and the private sector, fostering innovation and reinforcing Nigeria’s leadership in Africa’s digital and space economy.

Welcoming participants, the Managing Director of Nigerian Communications Satellite Limited (NIGCOMSAT), Jane Nkechi Egerton-Ideyen, said Nigeria’s space programme is entering a new phase marked by deliberate and focused growth.

She pointed to strengthened institutional capacity, expanding partnerships, and clear economic gains, noting that the agency’s revenue grew from less than $650 million in 2023 to over $2 billion in 2025. She attributed this surge to key reforms, new commercial deals, and increasing demand for satellite broadband services across the African continent.

Egerton-Ideyen also disclosed that Nigeria has launched seven space assets in just over two decades, adding that the country is shifting its focus from prestige-driven initiatives to practical outcomes—enhancing connectivity, improving livelihoods, and promoting inclusive development.

She further revealed that more than 500 young Nigerians received training in satellite technology within the past year, while over 50 startups have benefited from NIGCOMSAT’s accelerator programme.


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Oracle Corporation Axes 30,000 Workers in Brutal AI Shake-Up

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Oracle Corporation has begun laying off more than 30,000 employees worldwide as the software giant accelerates its shift toward artificial intelligence (AI) and cost optimisation, according to reports.
Oracle Corporation Axes 30,000 Workers in Brutal AI Shake-Up

Oracle Corporation

The layoffs, which started on Tuesday, have affected workers across multiple regions, including the United States, India, Canada and Mexico. Employees ranging from software engineers to account executives and program managers disclosed on LinkedIn that they had received termination notices.

Sources indicate that dismissal emails, sent from “Oracle Leadership” early in the morning, cited “broader organisational change” as the reason for the job cuts—widely interpreted as part of the company’s restructuring to prioritise AI-driven operations.

Local reports suggest that about 12,000 employees in India alone have been impacted, making the development one of the largest workforce reductions in the company’s history.

With a global workforce of approximately 162,000 as of May 2025, the layoffs could affect about 18 per cent of Oracle’s staff.

In its communication to affected workers, the company stated that roles were being eliminated after a review of “current business needs,” adding that impacted employees would receive severance packages in line with company policy.

The move positions Oracle among a growing list of global technology firms downsizing traditional roles while ramping up investments in artificial intelligence infrastructure.

As part of this transition, Oracle Corporation, alongside OpenAI and SoftBank Group, last year announced a $500 billion AI infrastructure initiative known as Stargate.

The initiative is aimed at expanding data centre capacity to support the massive computing requirements of AI systems, which rely heavily on large-scale data processing and storage.

Oracle has also strengthened its position in the AI ecosystem through collaboration with Nvidia, a leading manufacturer of AI chips.

Industry analysts say the development underscores a broader transformation within the tech sector, where companies are reallocating resources from legacy operations to AI-focused innovation.

They note that while the shift is expected to enhance long-term competitiveness, it also raises concerns about job displacement and the future of work in the global technology industry.


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