General News
Social, Political Interference Harmful to Telecom Business
Gbenga Adebayo, president of Association of Licensed Telecommunications Operators of Nigeria (Alton) is an authority in the telecom industry. A former general manager of VGC Communications and now managing director, CNSS, telecom outsourcing company bares his mind on the industry in this interview with chike onwuegbuchi and hilary okeke.
Local Content and Operators
On local content, you can view it from two different angles: angle one, talking in terms of hardware; the second one, being in terms of human capital.
When people talk about local content, what really comes to mind is the hardware component; how many of those products and services are made in Nigeria? How many of those brands are Nigerian? That’s what people really interpret as local content. In reality, when you look at ICT being as global industry, local content goes beyond hardware. There is no individual country in the world today that provides the component or content required for a full IT based infrastructure and therefore, countries are interdependent in terms of manufacture and production of various elements of IT based infrastructure. You might be an expert in the production of certain devices and tools; the software might be provided to you, the hardware might be from another manufacturer and country. So, it’s very difficult to find one country that has all that’s required for a full blown communication infrastructure. This means that countries will continue to be interdependent on one another.
And again, there’s no individual country that’s self-sufficient, even the super-powers still depend on certain input from certain countries. Our problem is that nothing is made here. When you look at what makes up a full blown mobile network, copper infrastructure is almost insignificant. What is relevant in our case which will prepare us for the future is the content in terms of human capital. How many of our people are holding authoritative positions in the ICT industry? If they are not prime movers today, if they are not playing critical role today, what is the plan to have Nigerians take over those positions after a period of time?
Poor Quality of Service and Growth Telecom
You see, quality of service can be addressed in many ways and I speak now as the chairman of the operators association that the problem encountered by every sector of the economy, is also facing telecom service provider and because it is all network in one network, there are so many dependencies. So, part of the factors responsible for quality of service is the failure of the Nigerian socio-economic-infrastructure; talking about security, energy, good road network, availability of statistical data, import regulation, import duty, clearing problems at the port, issues of multiple taxation, interference by agencies of government and so on. However, as a people we should not forget our history; we have a network that’s less than 10 years, starting point was half a million subscribers; within 10 years 40 million subscribers and those are networks driven by physical infrastructure.
Revival of Nitel
The case of Nitel is very unfortunate because today, there wouldn’t have been telecom in Nigeria without Nitel. Nitel provided the platform for every service provider in this country today. The question now is how come the one that played such a legacy role has become the one that plays behind the scene? That’s the question I keep asking. In spite of the infrastructure of Nitel, in spite of the greatness of the potentiality of Nitel, in spite of the mileage of Nitel as regards the coverage of this country. There’s no part of the country that you go to today that you don’t see the footprint of Nitel; be it in the form of an old analogue exchange, be it in the form of an old cellular exchange or the form of a receiver station. I was not at that press conference because I have not been around, I have not been following the reports on this issue but it co-relates with what I said earlier. It looks like many things were not done rightly; perhaps the sale was done in a hurry, perhaps there were issues with the bidding processes, perhaps there was an issue with the disclosure element; otherwise, to me as an analyst, it looks like Transcorp met more than they prepared for on one side. To me as an analyst with due respect to all players, it looks like government did not provide the right environment for the buyers of Nitel to succeed. The concern therefore is that if Transcorp paid what it paid for Nitel, which in some quarters have been said is too high and in some quarters too low, no matter what; if factors militating against their success are not dealt with, no matter who buys Nitel tomorrow, the same thing will happen. So, there are some fundamental issues that should be addressed on the part of Nitel. If government has decided to sell Nitel, they should do that with a plain mind. They should not sell it on one side and tie it down on the other side. It will kill the company. We all blame Transcorp for Nitel’s failure without stopping to look at the basic issues there. The case of Transcorp is something that must be addressed with plain mind. Government must be honest about it and of course, they owe the public some explanations on why certain things went the way they did with Nitel. It got to a point where Nitel couldn’t even pay its wages. There’s more to it and am saying again, if factors that led to inability of Transcorp to deliver NITEL are not dealt with precisely, rightly and honestly, same thing will happen again. And again I maintain ‘government still owes the public some explanations on what happened there. So, on that note I would say that we cannot isolate the government from what happened to Nitel. The records are there, allow Nitel to make public names of people who owe them. I believe that with the right support to the buyers of Nitel, the potentials of Nitel are going to manifest.
CNSS and Outsourcing
It is a common practice all over the world. You can not keep all needed skills or all operations in-house. There is no individual company that can provide all its requirements in all areas; it is becoming more popular because the networks are growing and they need to turn around service delivery since it is on high demand. What you will see in the future is the outsourcing of airtime; you will begin to see virtual operators who will not be licensed holders, who will not be service operators; who will sell the services of licensed operators. It’s already happening in other parts of the world. And so what we do in CNSS is to strategically position ourselves to be able to provide rightful engineering outsource support for network operators.
Non individual service providers can provide all the necessary resources to drive a network. It is a case of individual companies building the infrastructure and leasing to service providers. It is a common practice in industries of developed countries and I see it as a good feature. For example, today the challenges that are faced by a number of our members include access to site, security and maintenance of site. If the site is owned by a third party, it is the obligation of that owner to ensure uninterrupted availability of service. Certain burdens are taken off the back of service providers and so they can face expansion, organization of quality, provision of value added services and so on. Am glad that the industry is opening up to outsourcing and I believe it will help in its development and sustainability. Even the roads are outsourced-government gives them to people to maintain so that they are not abused and that’s evident in developed countries.
Number Portability
No, that is not correct. We have made public statements that number portability is accepted. Number portability is something we know, it is a common practice all over the world, it is a feature that can be supported by networks. But we have said that the approach to the introduction of number portability cannot be done on the pages of the newspaper; it must be all inclusive because at the end of the day, it is all networks in one network and we do expect that there’ll be stakeholders’ involvement-every participant, every stakeholder, every operator in the industry will have a role to play in this process. There’s the commercial, engineering and also the administrative part and all should be at work to make this a reality. This is not something that should be jumped into; we must plan and work together-operators, regulators and the consumers. Also, there’s an associated cost in providing number portability. It’s not something you just dump on service providers; everyone has a business plan. As an association, we’ve expressed interest, it’s a feature that’s come to stay; we’ve agreed to go with it and it needs to be given the right approach.
General News
Fiona Ahimie Launches LEADHER Mentorship Session to Inspire the Next Generation of Female Leaders

As part of activities leading up to her investiture as the 14th President of the Chartered Institute of Stockbrokers (CIS) and the first female President in the Institute’s history, Dr. Fiona Ahmed Ahimie, Managing Director of First Securities Brokers Limited, hosted the inaugural LeadHER Mentorship Session last week.

The session, themed “Leading with Purpose, Breaking Barriers, Building Legacy,” brought together emerging female professionals and aspiring leaders from across various industries for an engaging afternoon of mentorship, learning, and empowerment.
The LeadHER Mentorship Session was designed to provide participants with practical insights into leadership, career advancement, personal development, and navigating challenges in the traditionally male-dominated sectors.
Through candid conversations and shared experiences, attendees gained valuable perspectives on building successful careers while creating lasting impact within their organizations and communities.
Speaking at the event, Dr. Ahimie noted that leadership is not merely about achieving personal success but about creating pathways for others to thrive.
“Throughout my professional journey, I have benefited from the guidance, support, and encouragement of remarkable mentors. The LeadHER Mentorship Session is an opportunity to pay that forward by equipping and inspiring the next generation of women to pursue excellence, embrace leadership opportunities, and break barriers with confidence,” she said.
The mentorship session forms part of a broader commitment to advancing female participation and leadership within Nigeria’s financial services industry and the wider corporate ecosystem. It also reflects Dr. Ahimie’s longstanding dedication to talent development, professional excellence, and inclusive leadership.
The event provided a platform for meaningful dialogue, networking, and knowledge sharing.
Dr. Ahimie’s investiture as President of the Chartered Institute of Stockbrokers marks a historic milestone for the Institute and the Nigerian capital market, underscoring the growing role of women in shaping the future of the financial services industry.
General News
How Haneefah Adam Beat Artists Nationwide to Win Prestigious Futures Art Award

Ventures Platform and the Yemisi Shyllon Museum of Art (YSMA), Pan-Atlantic University, are pleased to announce Haneefah Adam as the winner of the inaugural Ventures Platform–YSMA Futures Art Award, a pioneering public art commission established to support artistic innovation and future-focused cultural expression in Nigeria.

L-R: Kola Aina, Founding Partner, Ventures Platform; Dotun Olowoporokun, Managing Partner, Ventures Platform; Haneefah Adam, Artist and winner of the Futures Art Award; and Jess Castellote, Director, Yemisi Shyllon Museum of Art, Pan-Atlantic University during the Presentation of the Ventures Platform-YSMA Futures Art Award at Ventures Platform’s 10th Anniversary Dinner in Lagos on June 19, 2026.
The announcement was made during the 10th Anniversary Dinner of Ventures Platform in Lagos, where Haneefah was formally recognized following a competitive national selection process that attracted submissions from artists and art collectives across Nigeria.
As the winner of the Award, Haneefah will be commissioned to create a 12-foot public sculpture titled Bloom in Unexpected Places, which will be permanently installed within the YSMA and Pan-Atlantic University environment.
Selected through a rigorous jury process involving leading artists, curators, scholars, and cultural professionals, the proposal distinguished itself through its originality, conceptual strength, artistic ambition, and thoughtful engagement with the Award’s central theme: Reimagine the future and build into form through art.
The work explores themes of growth, resilience, innovation, and possibility, inviting audiences to reflect on how creativity and human ingenuity can flourish in unexpected circumstances and environments. Through its scale and public presence, the installation is intended to spark conversations about the future while enriching the cultural landscape of the University and the wider community.
The Award represents a landmark moment in Haneefah Adam’s artistic journey. While she has earned recognition for her innovative and socially engaged practice, this commission marks her first institutional award, her first major public art commission, and the largest public artwork of her career to date.
Speaking on behalf of YSMA, Museum Director, Jess Castellote described the Award as an important investment in both artists and public culture.
“At YSMA, we believe museums have a responsibility not only to preserve cultural heritage but also to support the creation of new cultural futures. Haneefah’s proposal impressed the Jury with its clarity, imagination, and relevance to contemporary conversations about innovation and possibility.
“We are delighted to support the realization of this ambitious work and to welcome it into the Museum’s growing public art programme.
“The Ventures Platform–YSMA Futures Art Award demonstrates what is possible when cultural institutions and private-sector partners work together to invest in creativity and public engagement.”
For Ventures Platform, the Award forms part of its broader vision of supporting the systems, ideas, and people shaping Africa’s future.
According to Kola Aina, Founder and General Partner of Ventures Platform: “As we celebrate ten years of backing visionary founders across Africa, we wanted to create something that reflects our belief that innovation is not confined to technology or business alone.
“The future is also imagined through culture, creativity, and the stories we tell about ourselves. This Award represents an investment in imagination itself.
“Haneefah’s proposal captures that spirit beautifully, and we are excited to see it come to life as a public artwork that inspires curiosity, reflection, and optimism.”
The Award is one component of a broader three-year collaboration between Ventures Platform and YSMA, which also includes entrepreneurship-focused masterclasses, guest lectures, and student engagement initiatives within the Pan-Atlantic University ecosystem.
Supporting the long-term legacy of the programme is Atsur Technologies Ltd, the exclusive Provenance Infrastructure and Physical-Digital Documentation Partner for the Ventures Platform–YSMA Futures Art Award. Through this partnership, every commissioned artwork produced under the Award will be professionally digitized, authenticated, and recorded using Artsur’s provenance and collection management technology, ensuring robust documentation of the artist’s creative process, the artwork’s history, and its enduring place within Nigeria’s cultural record. This partnership reflects a shared commitment to strengthening transparency, documentation standards, and the long-term preservation of contemporary African artistic production using innovative technologies.
Commenting on her selection, Haneefah Adam expressed gratitude for the opportunity and excitement about the journey ahead.
“I am deeply honoured to be the inaugural recipient of the Ventures Platform–YSMA Futures Art Award. To have my work selected from among so many strong submissions is both humbling and encouraging. Bloom in Unexpected Places is rooted in the belief that creativity, hope, and transformation can emerge even in the most unlikely circumstances. I look forward to working with YSMA and Ventures Platform to bring this vision into the public realm and create a work that invites people to think differently about the future.”
Beyond the commissioning of a single artwork, the Ventures Platform–YSMA Futures Art Award seeks to establish a new model for collaboration between the cultural and innovation sectors. By positioning artists as active participants in conversations about technology, entrepreneurship, and societal transformation, the Award expands the ways in which the future can be imagined, questioned, and made visible.
As work begins on Bloom in Unexpected Places, the project signals a bold commitment by both Ventures Platform and YSMA to nurturing creative talent, supporting public art, and fostering interdisciplinary approaches to shaping the future.
General News
ALTON Backs CBN on Local Data Hosting Rule for Banks, Fintechs

Association of Licensed Telecommunications Operators of Nigeria (ALTON), official industry body and advocacy group for major telecommunications providers in Nigeria, has backed the Central Bank of Nigeria’s (CBN) directive requiring banks and fintechs to host payment transaction data locally.

Gbenga Adebayo, chairman, ALTON
Gbenga Adebayo, chairman, ALTON, said this in an interview with the News Agency of Nigeria (NAN) in Lagosat the weekend.
His position follows a recent CBN directive mandating that banks, fintechs, and other payment service providers store payment transaction data generated in Nigeria on local servers from January 1, 2027.
The directive forms part of measures aimed at strengthening oversight of the country’s rapidly growing digital payments ecosystem.
Adebayo said data sovereignty required countries to take responsibility for their entire data value chain.
According to him, this covers data collection, management, storage, and integrity assurance.
“We cannot continue to outsource that to other jurisdictions.
“The more we host our data locally, the better for us,” he said.
Adebayo said local hosting would enable Nigeria to manage data end-to-end and guarantee the integrity of critical information.
He noted that hosting payment data outside the country increased communication requirements, latency, and retrieval costs.
“For every transaction involving data hosted outside our shores, communication has to take place from your location to the host and back.
“It increases latency and also increases the cost of data retrieval,” he said.
The ALTON chairman described the directive as an important first step toward achieving national data sovereignty.
He also dismissed concerns about infrastructure readiness, saying Nigeria already had significant data center capacity.
According to him, several Nigerian-owned facilities currently host data for organisations operating from other jurisdictions.
“I’m happy to say that we have a lot of data centres owned and managed by Nigerians that are hosting data from other jurisdictions.
“If people overseas can host their data here, why can’t we host our own data here?” he queried.
Adebayo argued that local hosting would reduce dependence on foreign infrastructure while improving national control over data security.
He said concerns about security and reliability should not justify continued reliance on foreign hosting providers.
“No one can protect your house better than yourself.
“You have more at stake in terms of security and safety than somebody else hosting your data,” he said.
The telecom industry leader also highlighted the cost implications of local hosting.
He said organisations that host data locally would pay in local currency rather than foreign currency.
According to him, this would help reduce exposure to exchange rate pressures and lower long-term operating costs.
Adebayo said Nigeria currently had about six Tier III data centres, with additional facilities under development.
He, however, stressed that capacity was more important than the number of facilities.
“It’s not just about the numbers; it’s about the capacity of what they can host.
“So far, we can,” he said.
He urged stakeholders to accelerate efforts toward domestic data hosting and management.
“The earlier we begin to domesticate our data hosting and data management, the better for us,” Adebayo added.
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