General News
Osun Invests in Biometric, Smart ID Card for Public School Students

In line with the commitment of the government of the State of Osun to use technology to improve planning, allocation of resources and service delivery in its education sector, a first-of-its-kind Smart Identity Card with biometric features was launched for all public school students in the state recently at Salvation Army School, Alekuwodo, Oshogbo, Osun State.
An initiative of Chams Plc, the Smart ID Card is linked back to a central database which provides the government of the State of Osun with accurate and reliable data on the identity and number students attending public schools in the state.
Launching the Smart ID Card for Osun students, Ogbeni Rauf Aregbesola, governor, State of Osun said, “In the history of human inventions, there are not too many inventions that are as useful as technology in terms of its efficiency and effectiveness at providing solutions to human problems. This is the reason why the government of the State of Osun adopted and is deploying technology as the solution to the legacy of inefficiency bequeathed to the civil service by past inept leaders. The Osun Student Smart ID card which is embedded with biometric features is also an ingenious technology solution that we have adopted to further raise the service delivery levels in the education sector.”
Aregbesola added that with the card, each student is a unique and identifiable individual that cannot be mistaken for another person.
“Effortlessly, government can identify all students in public schools, and have access to their information at the push of a button. It improves the effectiveness of life enriching programmes such as the O’Meals, O’Schools and Opon Imo, among other other innovations put in place for the welfare of students. The Smart Card makes tracking possible, implying that we are provided with more accurate information on the exact number of beneficiaries which eliminates fraud and accounting error of any type,” he said
Commenting on the project, Mrs. Titilayo Laoye-Tomori, deputy governor, State of Osun, who doubles as the commissioner for Education said, “This is indeed a significant milestone for the State of Osun because without accurate data, a holistic transformation of the education sector in Osun may remain elusive. Issuance of smart identity cards to all public school students will ensure that we have accurate data for use in updating our education strategy and sustain our pragmatic work-plan to ensure overall policy success. In no small measure, the smart identity card will also ensure accountability to government by students of public school as it makes it possible for schools to track attendance.”
She added that the government of the State of Osun will continue to upscale its investment in education across the state because it regards education of children and youths as one of the prime investments that can guarantee the exponential growth and development of the state in the 21st century’s maturing knowledge economy which places very high premium on human capital.
On his part, Mr. Demola Aladekomo, managing director, Chams Plc said, “The Osun Smart ID card provides biographical and biometric identification of public school children from elementary schools to middle schools and high schools, equipping government relaible demographic data of the student population in the State. This certainly improves planning, distribution and allocation of educational resources in alignment with population size, and the unique needs of students and schools across the 30 local government areas of the state. It will also aid the judicious use of government resources and improve budgeting, while also providing accurate data that will lead to the enunciation of more transformative policies.”
Aladekomo added that Chams is proud to be associated with the giant strides achieved by the government of the State of Osun as its continuously deploys Information and Communications Technology to improve governance and service delivery to the people of the state, irrespective of their location and status.
“Without doubt, the State of Osun is indeed becoming a model in e-governance that is worthy of emulation by other state governments because of its shrewdness and foresightedness in using technology to reduce the high incidence of fraud and wastage often associated with the public sector programmes. We can only promise the government of the State of Osun that we will continue to work with you to use Information and Communication Technology to make governance more inclusive in alignment with the realities of contemporary times,” the Chams Plc MD said.
Similarly, in April, Chams Plc and First Bank of Nigeria partnered the government of the state to provide civil servants in the State of Osun with smart identity cards embedded with MasterCard prepaid capabilities – which is also the first of its kind by any state government in Nigeria.
The card with biometric features can be used by the civil servants outside the country and is accepted by over 16 million merchants worldwide.
Full deployment of the Osun School Smart ID Card scheme points to the government of the State of Osun’s commitment to its 2011 education policy which sought an integrative and ICT enabled approach to the education of children and youth in the State.
The policy evolved from the Osun Education Summit held also in 2011, and it has been described by local and international stakeholders and education regulatory bodies as a comprehensive and holistic response to the deterioration of public school system in the state.
General News
Top Nigerian Startups Secure Funding Boost @ iHatch Demo Day Awards

Nigeria’s startup ecosystem received a fresh injection of momentum as top emerging ventures secured funding and investor attention at the iHatch National Demo Day, where Interface Africa clinched the highest prize of $15,000.

The 4th cohort of the NITDA–JICA-backed accelerator brought together founders, policymakers, and venture stakeholders in Abuja, showcasing innovations ranging from clean-energy financing and digital food marketplaces to next-gen fintech tools.
The startups went rounds of running through state-level selections and regional competition. iHatch was established in 2021 as a strategic partnership to create an enabling environment for young Nigerians to develop and scale their innovative solutions.
The iHatch National Demo Day (4th Cohort), is an initiative by NITDA and JICA which provides a clear pathway for homegrown talent to contribute significantly to economic diversification and digital transformation.
After rigorous selection processes, the top founders converged to pitch their innovations, recognised the standout performers, which are:
Interface Africa with $15,000, the firm is driving Nigeria’s clean energy transition by enabling structured and affordable solar financing.
Ahioma with $12,000, the firm enhances food accessibility with a digital marketplace connecting consumers directly to trusted vendors.
Linia Finance with $10,000, the firm is helping Nigerians take control of their finances with tools for budgeting, tracking, and smart money planning.
Chapta got a laptop reward. They delivering an offline-capable school application ensuring consistent, accessible learning for students everywhere.
Softdrop also got a laptop reward, they solve logistics challenges through a modern delivery platform designed for speed, convenience, and efficiency.
General News
Fidelity Bank to Host Virtual Masterclass on New Tax Law

Fidelity Bank Plc, a leading financial institution, will host a free virtual training on the Nigeria Tax Act 2025 (NTA) as part of its commitment to helping small businesses prepare for the upcoming legislation.

Fidelity Bank
The masterclass is scheduled for 10:00 AM (Nigerian time) on Friday, 12 December 2025. It will provide participants with clear insights into changes in the tax framework, the impact on income and business operations, and practical steps to avoid penalties in 2026.
Attendees will also learn strategies to stay ahead in an evolving regulatory environment.
The Nigerian government enacted major tax reforms on 26 June 2025 when President Bola Ahmed Tinubu signed four tax bills into law.
These Acts will take effect on 1 January 2026 and represent a significant overhaul of the country’s tax system.
The reforms aim to modernize and harmonize Nigeria’s tax framework, improve revenue generation, broaden the tax base, and create clearer rules for individuals, businesses, and government agencies.
“Our decision to host this masterclass reflects our commitment to empowering businesses with the right information ahead of the commencement of the new tax regime.
“Information is money and a well-informed business owner is already steps ahead in the race to success.
“This is why we are bringing experts to provide accurate details and demystify the tax act,” said Osita Ede, Divisional Head, Product Development, Fidelity Bank Plc.
Interested participants can register via https://bit.ly/2026TaxLawMasterclass .
General News
PalmPay MD Seeks Deeper Financial Inclusion @ CeBIH Annual Conference 2025

PalmPay, Nigeria’s leading digital banking platform, has renewed its commitment to deepening financial inclusion across the country. At the CeBIH Annual Conference 2025, themed “Reimagining Financial Inclusion through Cultural Shifts in Consumer Credit,” PalmPay’s Managing Director, Chika Nwosu, urged industry players to deepen financial inclusion by embracing community-aligned solutions and customer-centric innovations that can better serve Nigeria’s underserved and unbanked populations.

Speaking during a panel session titled “Social Inclusion, A Veritable Tool for Financial Inclusion,” Chika Nwosu joined other industry leaders to share insights on strengthening participation among women, rural dwellers, low-income earners, and other financially excluded groups.
Chika Nwosu highlighted PalmPay’s commitment to inclusive finance through its 500,000-strong agent network, which enables seamless cash-in/cash-out services for unbanked users across Nigeria. He also emphasised the importance of PalmPay’s USSD platform, 861#, which allows users with basic phones or limited internet access to perform essential financial transactions.
“Financial inclusion goes beyond access; it must be equitable and tailored to real-life needs,” Chika Nwosu said. He shared how PalmPay leverages behavioural insights to design impactful services, including affordable health insurance, reliable bill payments, merchant solutions, and automated savings features that support financial discipline among users.
The session further examined the role of grassroots agents and community touchpoints in driving last-mile adoption. Chika Nwosu noted that PalmPay’s widespread community presence continues to build trust and encourage excluded populations to embrace digital financial tools.
The session was moderated by Ronke Kuye of the CeBIH Advisory Council and featured representatives from E-Doc Online, SmartCash Payment Service Bank, SANEF, and EFINA.
PalmPay reaffirmed its commitment to driving accessible, secure, and inclusive financial services for all Nigerians. PalmPay is a leading digital banking platform driving financial inclusion and economic empowerment in underserved emerging markets. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay empowers individuals and businesses with tools to manage and grow their money.
PalmPay offers a comprehensive range of products, including mobile payments, savings, and micro-insurance via its app and mobile money agent network.
Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to over 35 million app users. PalmPay has operations in Nigeria, Ghana, Tanzania, and Bangladesh.
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