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Shittu Pledges Nigeria’s Commitment to Digital Economy

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(L-R): Babatunde Ruwase,President, Lagos Chamber of Commerce and Industry (LCCI), Olayinka Akeredolu, State Director, Ministry of Agriculture and Rural Development, Lagos State, Monisola Udoh, Director, ICT, Federal Ministry of Communication Technology, representing the Minister; Lanre Kolade, MD, Vodacom and Toki Mabogunje, Deputy President, LCCI, at the 4th edition of LCCI 2018 ICTEL Expo , with the theme, Development Efficiency and Competitiveness in the Digital Age in Lagos.
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Dr Abdul-Raheem Adebayo Shittu, Minister of Communications has said that Federal government is committed to support the growth of digital economy in the country.

 

He gave this assurance at the ongoing 2018 ICTEL EXPO organized by Lagos Chamber of Commerce and Industry, taking place at Eko Hotels & Suites, Victoria Island, Lagos.

 

The minister represented by Mrs.Monisola Udoh, Director of ICT, ministry of communications, said that “we are committed to supporting digital economy in its laudable endeavor and vision to bridge the gap between Nigeria and the rest of the world in information and communications technology”.

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He noted that the ministry will support the establishment of companies or organizations in the area of hardware and software by ensuring that they are protected through regulations or other means.

 

He said, “We will assist them to grow. We have accepted that Nigeria must take the leadership role in Africa’s ICT ecosystem.

 

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“Therefore, we are amenable to PPP relationships to drive the ministry’s projects, 2018 and beyond must be a year of action.”

 

He stated that to ensure efficiency and competitiveness in the 21st century ICT ecosystem, “the ministry had conceived a national ICT park and exhibition centre in the federal capital territory and other parts of the country.

 

“Proposed the establishment of a National ICT bank and full implementation of the national broadband plan, ICT roadmap 2017-2020 and the implementation of the eGovernment masterplan.”

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He added that his ministry will collaborate with the organizers of ICTEL to create a platform where organizations and startups can pitch their innovative ideas.

 

These ideas according to her will be passed through a structured selection process to come up with marketable innovations for implementation by the federal government.

 

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Speaking earlier, Mr.Babatunde Ruwase, President, Lagos Chamber of Commerce and Industry, said that there is no better time to harness the benefits of ICT than now, that the Nigerian economy is in dire need of diversification and sustainable recovery.

 

He emphasized that ICT is strategic in driving productivity and efficiency in all sectors of the economy, noting that virtually all sectors leverage ICT for optimal performance.

 

He added that impact of ICT in the economy can be seen in the financial service sector, where electronic banking is now the vogue, the agricultural sector, where government allocates farm inputs through mobile phones to farmers, the consumer goods sector where online stores and e-commerce has brought an incredible transformation to retail business.

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“The fact is that ICT has become the backbone of businesses,” he stated

 

Ruwase, said that in spite of the phenomenal growth we have witnessed in the sector over the last two decades, that there is still enormous potentials yet untapped, stressing that the Expo is one of the major platforms that offer opportunities to unlock these untapped potentials.

 

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He noted that Lagos Chamber of commerce and industry through the Expo is providing a credible platform to advance the opportunities and linkages in the world of ICT.

 

“We are committed to the building of economic and commercial ties across all subsectors and players in the ICT sector.

 

“We plan to continuously broaden the horizon and scope of the Expo over the coming years.

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“We see great investment opportunities coming from closer interactions and business integration among ICT players and their customers,” he added.

 

Prof. Umar Danbatta, Executive Vice Chairman / CEO Nigerian Communications commission, (NCC) represented by Mrs. Felicia Onwuegbuchulam, Director, Consumers Affairs Bureau, NCC, lauded LCCI for putting its name , immense clout and resources behind the development  of the ICT sector.

 

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In his words,” It is heartwarming to note that LCCI is also putting its name, its immense clout and its resources behind the development of the ICT sector.

 

“I believe that your focus on ICT underscores your realization of the increasingly pivotal role that ICT plays in driving national competitiveness.

 

“I am also pleased to note that you have chosen for this Expo the overall theme of Developing Efficiency and Competitiveness in the Digital Age.

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Danbatta, noted that the commission is focused on bringing efficient, qualitative and affordable ICT platforms within the reach of every Nigerian, whether individual or corporate.

 

He added that this can be achieved through the focused implementation of its 8-point agenda, Government’s Economic Recovery and Growth Plan (ERGP) and the ICT Roadmap.

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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 Asks Telcos to Make Budgetary Provisions for Cybersecurity

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Nigerian Communications Commission (NCC) has directed telecommunications operators to make dedicated budgetary provisions for cybersecurity as part of efforts to strengthen the resilience of Nigeria’s communications infrastructure against the growing wave of cyber threats.

NCC Asks Telcos to Make Budgetary Provisions for Cybersecurity

 

The directive forms part of the Commission’s Cyber Resilience Framework for the Nigerian Communications Sector (CRF-NCS), which introduces new governance, risk management and operational requirements aimed at safeguarding the country’s critical telecommunications infrastructure from increasingly sophisticated cyberattacks.

Under the framework, all licensed telecom operators are expected to establish formal cybersecurity governance structures, dedicate adequate financial resources to cyber resilience programmes, and integrate cybersecurity into their enterprise-wide risk management processes.

The Commission said operators must ensure cybersecurity investments are no longer treated as optional operational expenses but as strategic business priorities necessary to protect network infrastructure, customer information and the country’s digital economy.

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According to the NCC, licensees are expected to allocate sufficient budgets to support cyber risk assessments, security technologies, staff training, incident response capabilities, continuous monitoring and compliance with regulatory requirements.

The framework also requires operators to designate senior executives responsible for cybersecurity oversight.

At the same time, boards of directors are expected to provide strategic direction and ensure adequate funding for cyber resilience initiatives.

Speaking on the need for a stronger cybersecurity regime during the unveiling of the framework, Abraham Oshadami, executive commissioner, Technical Services, NCC,  said, “Given the increasing digitalisation of services, the rapid growth of data exchange, and the sophisticated nature of modern cyber threats, the need for a robust, adaptive and inclusive cybersecurity framework has become more urgent.”

He added, “Both state and non-state actors are targeting essential sectors—including ours—through coordinated cyber and physical attacks. These attacks frequently target control systems and data integrity, underscoring the critical risks posed to operational technology (OT), especially in our sector.”

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“As cyber threats evolve, they endanger not only system performance but also human safety, amplifying the severity and consequences of disruptions to vital communications infrastructure. Cybersecurity now encompasses human safety and must address the real risk to people’s lives when a system is attacked or compromised.”

The Commission further stated that operators are required to develop comprehensive cybersecurity implementation plans, conduct periodic risk assessments, establish business continuity and disaster recovery procedures, and regularly test their cyber defence capabilities.

In addition, the framework makes cyber incident reporting compulsory. Licensees must inform the NCC’s CSIRT of any major cybersecurity breach within four hours of discovery, and provide a thorough post-incident analysis after mitigation is complete.

 

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Glo Leads Internet Growth Figures in Nigeria for May

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Digital solution provider, Globacom has recorded the highest Internet subscriber growth among Nigeria’s major telecom companies for the month of May.

Data from the Nigerian Communications Commission, NCC, Nigeria’s total Internet users increased to 157 million in May, up from 154.3 million in April. That is a growth of 2.67 million users in one month.

Globacom led the market by adding about 1.2 million new Internet subscribers. This means Glo was responsible for almost half of all new Internet users in May.

The company’s subscriber base grew from 15.5 million in April to 16.8 million in May. Airtel came second with 1.07 million new users, moving from 54.8 million to 55.8 million. MTN added 382,894 users to reach 83.5 million.

T2 Mobile, formerly 9mobile, recorded no growth for the second month in a row. Its subscriber base remained at 802,534. This is despite its roaming agreement with MTN, which was approved almost a year ago to help T2 customers use MTN’s network in areas with poor coverage.

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Industry experts say Glo’s strong growth is due to its ongoing network upgrade. Since last year, the company has been building new base stations, expanding its fibre network, and adding thousands of new 4G sites across cities and rural areas.

The upgrades have improved voice and data quality for customers, while Globacom remain committed to providing better network experience and affordable Internet services to more Nigerians.

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MTN Paid 600Bn in Taxes in H1 2026 – Kadri, MTN CFO

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MTN Nigeria’s half-year 2026 performance reflects more than revenue growth, highlighting the wider economic activity generated through tax payments, infrastructure investment and shareholder returns.

MTN Paid 600 Billion in Taxes in H1 2026 - Kadri, MTN CFO

Kadri, MTN CFO

Beyond its financial results, the telecommunications operator said it continues to channel substantial resources into expanding network infrastructure, meeting statutory obligations and delivering value across its stakeholder ecosystem.

The company disclosed that it paid more than ₦600 billion in taxes, customs duties, regulatory levies and other statutory obligations over the past year.

It also invested over ₦1.6 trillion in capital expenditure since January 2025 to expand network capacity and improve service quality, while declaring an interim dividend of ₦26 per share for shareholders.

Speaking on Arise News’ Global Business Report, MTN Nigeria’s Chief Financial Officer, Modupe Kadri, explained that the company’s earnings are shared across several stakeholders before returns reach investors. “For every one naira of revenue, about 24 kobo becomes profit.

“The government receives over ₦600 billion through taxes and levies, operating costs account for a significant portion of our revenue, and every participant within the ecosystem benefits from the value we create,” he said.

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According to the Nigerian Communications Commission (NCC), telecommunications remains one of the largest contributors to Nigeria’s Gross Domestic Product, supporting digital financial services, education, healthcare, commerce and public services. Continued investment by operators has also been identified as critical to expanding broadband access and improving digital inclusion across the country.

Kadri noted that shareholder returns remain an important part of MTN’s capital allocation strategy, but stressed that they represent only one aspect of the company’s broader economic contribution.

“Even when we declare dividends, the government still receives withholding tax, while we continue investing heavily in our network because sustaining quality service requires ongoing capital commitment,” he said.

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