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Nnamani calls for Deliberate Moves Towards AI Regulation, Data Center Growth

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L-R: Mr.Chike Onwuegbuchi, Chairman,Nigerian Information Technology Reporters Association (NITRA), Engr.Ike Nnamani, CEO, Digital Reality, Mrs.Chioma Ezike, Treasurer of NITRA and Mr.Chidiebere Nwankwo,Secretary general of NITRA during a courtesy visit to Digital Reality head office in Lagos.
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The need to develop Artificial Intelligence (AI) as an ethical solution has been highlighted by the Chief Executive Officer of Digital Realty, Nigeria, Engr. Ikechukwu Nnamani.

L-R: Mr.Chike Onwuegbuchi, Chairman,Nigerian Information Technology Reporters Association (NITRA), Engr.Ike Nnamani, CEO, Digital Reality, Mrs.Chioma Ezike, Treasurer of NITRA and Mr.Chidiebere Nwankwo,Secretary general of NITRA during a courtesy visit to Digital Reality head office in Lagos.

Speaking during a courtesy visit by the Executive Committee of the Nigeria Information Technology Reporters’ Association (NITRA) as a fall out of the Association’s ICT Growth Conference with the theme “Impact of AI On National Development: Prospects, Policies, and Challenges in Nigeria”, Nnamani noted that people developing ethical solutions for AI are few compared to people producing non-ethical solutions, but have come to take advantage and make money.

Nnamani explained that this trend is not peculiar to Nigeria, but also the reason most developed countries are seeking ways to regulate AI as soon as possible.

“Even the U.S. have a major effort, both in their congress as well as the Executive, to ensure there is work being done on AI Safety and Best Practices, reason being that some companies or individuals are only looking at AI from the value it adds to them, without thinking of what the consequence for any value is. One start looking at it from an ethical standpoint

U.S. and every other country, their governments are actively involved in creating the right policy, to be sure that it is not abused. But more importantly, to be sure they are able to answer it well.”

While applauding the regulators, he said that on the side of regulation in Nigeria, it is a work in progress. “I don’t even see it is a problem or challenge because to the best on my knowledge AI has not gone too far in its adoption in Nigeria. That means our government, across all areas, need to look back and ask; is there any potential harm from this service or technology? How do we mitigate it? What do we do to stop that harm? And these are things they are doing now by asking people to check things, just to be sure that whatever applications you are running, you are running it ethically.”

Nnamani however allayed fears of unnecessary job less, noting that the advent of AI will further drive up-skilling of Nigerians. “Some have said AI will take jobs away. So, should we stop? Truth is that it is not AI taking anybody’s job away, it is just a case of people needing to be re-trained and find out how to use AI for better efficiency and cost-effectiveness.

Also speaking on the state of Data Centers in Nigeria, Nnamani noted that although Nigeria have increased the number of Data Centers operational in the country in the past few years, it is not yet enough to take care of its bourgeoning data and digital economy.

“Some report that was published some years back indicated that Nigeria, as at now, should have at least 600 megawatts of IT load, giving the size of our economy, population, GDP, and what it should be if we are a truly digital economy.

“Today we have about 30 megawatts. So, you can see the percentage of what we have compared to what we need to have. That is even in terms of the size of IT load which is a matrix we use.

“Now in terms of quantity, for instance, if you go to a city like Toronto, last time I checked there were over 30 Data Centers in that city.

The reality is that we have not started, we are not even anywhere close to starting, if we really understand what needs to be done to have a truly digital economy.”

He observed that the Data Center sub-sector needs a lot of people with foresight to draw investors and put up infrastructure.

“And then, of course, from the government side, it requires a lot of support. Not just from regulation as a means to extracting income to the regulators, but regulation as actually a way of growth for that industry.

“Luckily we have very good regulators who understand this part of the telecom industry, so they are as supportive as can be, but we still need a lot. All these must come together for us to see a fully digital economy, which I believe is the goal of everybody,” he said.

“In Lagos, for instance, there is a lot of progress in the build-out of this infrastructure, but you hardly see much in every other State. So there is still a lot of work that still need to be done.

“There are still some cross-city service that still need to be run for the overall growth of the economy and social wellbeing of the people that the infrastructure still do not exist,” he said.

Nnamani listed some of the key challenges facing Data Center operation in Nigeria to include Power and FOREX, which he said the Federal Government should do good to tackle.

“The truth is that doing business in Nigeria is challenging. Everybody knows that. And the biggest challenge, probably, is FOREX. Initially, having access to FOREX was the issue.

“But for us that have access to FOREX, it is how is the FOREX trending? And does it create a measure of stability for you to be able to make business projections.

Look at power, for instance. Power that you assume should be available to you if you are a business person, you pay for the power and it won’t be delivered,” he concluded.

The NITRA ICT Growth Conference gathered industry stakeholders to discuss the way forward in the deployment and use of AI in the system.

 

 


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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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IFC Invests $45m to Green African Telecom Sites

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Clean and reliable power for telecom networks in Ethiopia, Liberia, and Sierra Leone will be expanded following a $45 million investment by the International Finance Corporation (IFC) in IPT PowerTech.

The investment targets countries where limited power supply continues to slow digital connectivity and broader economic participation, the institution stated earlier this week.

To enable this expansion, the IFC is providing a $45 million corporate financing package consisting of an A-loan of $27 million and $18 million in blended finance.

The blended portion is sourced from the Canada-IFC Blended Climate Finance Programme and the IDA20 Private Sector Window Blended Finance Facility.

The initiative marks the IFC’s first direct infrastructure engagement in Liberia in a decade and in Sierra Leone in six years.

It will help scale solar- and battery-based power systems that reduce reliance on diesel and support greener, more resilient telecom networks.

By improving the quality and stability of power to telecom towers, the initiative will strengthen mobile coverage and ensure that households, schools, health centres, and small businesses can depend on consistent digital services, said the IFC.

The funding supports the modernisation, operation, and maintenance of 2 235 telecom sites across the three nations. More than 90% of these are located in off-grid or weak-grid locations.

With new solar and battery systems powering these sites, mobile networks will experience fewer outages and improved service quality.

Optimising the energy mix is estimated to reduce power costs for operators by up to 30% in Liberia, 26% in Sierra Leone, and 52% in Ethiopia.

This transition is also expected to cut emissions by more than 10 624 tonnes of carbon dioxide annually. Furthermore, the partnership will promote gender inclusion by expanding opportunities for women in technical, operational, and leadership roles within the sector, says the IFC.

This agreement reflects a shared vision for a greener telecom industry and empowers the company to scale its innovative energy platforms, according to Nabil Haddad, CEO of IPT PowerTech Group.

Reliable and affordable power for telecom networks is a cornerstone of Africa’s digital transformation, said Nathalie Kouassi-Akon, IFC regional director for West Africa and the Gulf of Guinea.

Through this partnership, the institution is supporting a scalable, private sector-led solution that enables mobile operators to reach underserved and fragile communities more sustainably, added Kouassi-Akon.

The project advances the World Bank Group and African Development Bank’s Mission 300 initiative, which aims to provide electricity to 300 million Africans by 2030.


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Expedier Launches Platform to Ease Cross-Border Payments for African Firms

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Expedier has unveiled “Expedier for Business,” an online pro-banking platform to simplify global payments, multi-currency transactions, and financial operations for expanding companies.

Expedier Launches Platform to Ease Cross-Border Payments for African Firms

Kingsley Madu

The tool centralizes payments, invoicing, payroll, and treasury into one secure dashboard, tackling challenges like fragmented systems and poor visibility that hinder international scaling.

Kingsley Madu, Co-Founder and CEO of Expedier, said: “African businesses are increasingly global… Expedier for Business was built to simplify how companies manage money across borders while maintaining visibility, control, and compliance.”

Key features include customizable dashboards for payments, invoices, and workflows; support for USD, CAD, GBP, EUR, and more; virtual cards; automated payroll/invoicing; currency swaps; and real-time tracking.

Security measures cover two-factor authentication, KYC/KYB verification, and team access controls.

As cross-border trade and remote work boom in Africa, the platform aids firms dealing with international suppliers, teams, and customers. It is now available for organizations scaling globally.


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Moniepoint Seals 78% Stake in Kenya’s Sumac Bank for East Africa Push

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Nigerian fintech unicorn Moniepoint Inc. has finalised its acquisition of a 78% stake in Kenya’s Sumac Microfinance Bank, gaining a key deposit-taking licence for credit expansion in East Africa’s biggest economy.

Moniepoint Seals 78% Stake in Kenya's Sumac Bank for East Africa Push

The deal, marked by a Nairobi reception, bypasses the Central Bank of Kenya’s licence freeze, letting Moniepoint rival giants like Safaricom and Equity Group after a stalled Kopo Kopo bid.

It signals Africa’s fintech shift to licensed banking and mergers, equipping Moniepoint to roll out high-speed SME lending via Sumac’s 20-year-old infrastructure and branches.

The acquisition builds a cross-border merchant ecosystem beyond fees, integrating recent Orda buyout (cloud restaurant software) for “business-in-a-box” tools like inventory, payroll, and capital amid Kenya’s digital lending scrutiny.

Moniepoint, which hit $294 billion annualised transactions in 2025, eyes Kenya’s SMEs with Nigeria-honed retail expertise.


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