Telecom
Pantami Reaffirms FG’s Commitment to Indigenous Telecom Content
Prof. Ali Ibrahim Pantami, minister of the Communications and Digital Economy, has reaffirmed Federal Government’s determination to reverse the trend of importation of all types of telecommunications products, especially where production in Nigeria is possible.
Pantami, who spoke at the first Nigerian Telecommunications Indigenous Content Expo (NTICE), 2022 held at the Landmark Centre in Lagos, got immediate commendation from Prof. Umar Danbatta, executive vice chairman (EVC) of the Nigerian Communications Commission, who told the audience that the Minister’s efforts and support have spurred the Commission to take certain steps that have yielded immediate results that were being showcased at the expo.
The expo was oragnised as part of effort to vigorously pursue the objectives of the National Policy for the Promotion of Indigenous Content in the Nigerian Telecommunications Sector (NPPIC), through the National Office for Developing Indigenous Telecoms Sector (NODITS) domiciled in the NCC.
Pantami emphasised that Government had put efforts towards the protection of the telecom industry, which contributes impressively to the Gross Domestic Product (GDP), by insisting on the drastic reduction in the reliance on foreign products. He, consequently, warned against importation of such products like Subscriber Identity Module (SIM) cards that can be produced in Nigeria.
He also took a swipe at the recent efforts to impose five per cent excise duty on telecommunications services in Nigeria, arguing that the Ministry, which oversees the industry, was not consulted and that the timing of such duty in a period of hardship as is being witnessed in Nigeria today is antithetical to the growth of the industry.
“I was not consulted before the decision on five per cent excise duty was reached, and it was unfair to impose such a tax on an industry that was already burdened with other taxes and already contributing about 17 per cent to the country’s revenue,” he said.
Pantami told his audience, including the Chairman of the House Committee on Telecommunications, Hon. Akeem Adeniyi Adeyemi, that his position was already shared by the National Assembly which was also not consulted on the issue before it was announced.
“We must do what we need to do to protect the industry. Beyond making our opinions known, we will take legitimate and legal steps to stop any plan against the interest of the Information and Communication Technology (ICT) industry,” he said.
Speaking further on the efforts of the Commission to pursue indigenous content in the industry, EVC of NCC, Prof. Danbatta, said the objective of the NPPIC is to transform the enormous strides achieved by the telecom industry in the last two decades into long-term indigenous economic development outcomes for Nigerian companies and citizenry.
Danbatta said the Commission has taken various steps to ensure that the process of implementing NPPIC is painstakingly pursued through capacity strengthening, institutional building and strategic policy tools, which will further promote domestic and economic linkages, job creation and the participation of local Small and Medium-Scale Enterprises (SMEs) in the telecom value chain via the supply of goods and services to the sector.
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.
Expedier has unveiled “Expedier for Business,” an online pro-banking platform to simplify global payments, multi-currency transactions, and financial operations for expanding companies.
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.
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.
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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