News
Stakeholders meet on developing digital identity ecosystem
By Wale Oguntokun
The Senior Special Assistant to the President on ICT, Mr. Lanre Osibona, has debunked online news reports that the Nigerian government will be spending additional $3.1bn on Digital National Identity. He stated this at the stakeholder’s meeting on the adoption of the ‘Strategic Roadmap Document for Developing Digital Identity Ecosystem’ in Nigeria.
According to him, the said report was not only inaccurate, but entirely misleading, adding that the issues and challenges around the successful implementation of the National Identity are many, and they must be addressed collectively.
Relying on World Bank’s research in 2015, the SSA pointed out that the Country has spent $1.2 billion since the late 1970’s; however, much work remains undone.
“We are projected to spend an additional $3.1 billion if we are to follow the existing approach of developing identification in Nigeria. In other words, with the present administration’s prudent management of funds and applying cost-effective approaches across the ID ecosystem, the country could spend less on the project.
Acknowledging that, funding had not been a key issue, he added that “one of the biggest challenges in achieving a holistic and robust national identity has been the lack of a workable ecosystem and practical approaches.”
He pointed out some of the changes that have been made and are ongoing.
Some of those immediate changes include, but not limited to, employing a smart approach, such as “reducing the number of identity attributes we will be collecting from, what I believe, was 75 attributes, to just ONLY 10 for the NIMC Foundational System. The idea is that, we have a baseline of basic data of all Nigerians which can be built on by Functional ID stakeholders.”
“We have also analyzed cost-effective methods to transit from the issuance of physical cards as ID into a digital National Identity Number (NIN) if we are to truly register all our citizens”.
“On planning and implementation. The implementation of the National Identity will be undertaken as a project-based deliverable. Starting with the development of the Harmonized Digital National Identity Strategic Roadmap, for which we are undergoing a final review with all of you stakeholders. In addition, we have clearly defined key milestone deliverables, done our forecasted expenditures (OPEX & CAPEX) and the associated funding, and mapped out a timeframe to ensure there are measurable successes.”
“However, these changes are only as good as our collective efforts. Everyone has a part to play in developing a robust and innovative identity ecosystem.”
“The benefits of a single National Identity System with biometrics, offering a unique digital identity number to every person – are numerous. Enabling innovation, fostering social inclusion and a socially responsible society, enhance the development of a more efficient national planning, robust and effective security management”.
However, it is important to point out that SSA, Mr Lanre Osibona (who was at the meeting, in his capacity as the VP’s representative) was suggestive in his remarks and made no affirmations during the stakeholder meeting.
“Each stakeholder (for both Foundational and Functional uses) stands to gain tremendously from this system” e stated.
He further pointed out that the FRSC can leverage on the harmonized digital identity ecosystem to enforce traffic offences and telephone operators will have a robust database to verify existing and new customers and can focus their attention on innovative offerings.
Also, bank operators can accelerate the KYC process and extend innovative financial solutions to a wider segment of society and overall security benefits of curbing fraudulent activities in a current environment of anonymity.
The Senior Aide from the Office of the Vice President called for a spirit of collaboration, saying that no man is sole repository of knowledge; “while there must be single-mindedness in our drive to strive forward, contributions are necessary if we are to successfully implement this program”.
PalmPay, Nigeria’s leading digital banking platform, has announced the launch of its ₦400 million festive rewards campaign, designed to reward users with cash prizes and fully sponsored international travel experiences for everyday transactions on the PalmPay app.
The campaign will run from December 17, 2025, to January 8, 2026. The campaign is designed to reward everyday transactions with extraordinary experiences. It runs alongside PalmPay’s Purple December brand campaign, which focuses on wrapping up the company’s key brand and community initiatives for the year.
At the centre of the rewards campaign is the PalmPay World Travel Carnival, an interactive card collection experience that allows users to earn city cards by completing transactions on the app. Users are required to collect five city cards – London, New York, Dubai, Sydney, and Cape Town and combine them into a World Card, which unlocks a share of the prize pool.
The more World Cards a user creates, the larger their share of the cash rewards. Any extra uncombined cards can be swapped with friends and other PalmPay users to help complete additional World Cards.
Beyond cash rewards, the Carnival also offers Free Global Trips. In each round, the top two users with the highest number of eligible transactions (₦100 and above) and at least one World Card will win an all-expense-paid international trip.
The travel grand prize covers:
- Visa fees
- Round-trip international airfare
- 5-day, 4-night hotel accommodation
- Side attraction
- Meal expenses
- Airport pick-up and drop-off
- All transportation for scheduled tour activities during the trip
Winners will be determined through a transparent leaderboard system, with prizes credited automatically at the end of each round on December 25, December 31, and January 8.
Participation is simple:
- Complete tasks on the PalmPay app, such as Airtime, Data, Transfers, and other specific transactions listed in the app, to earn cards.
- Collect all five city cards.
- Swap cards with friends to complete your collection.
- Combine cards to form a World Card and earn cash rewards.
- Perform more transactions to climb the leaderboard for a chance at the global trip prize.
To ensure fairness, PalmPay has instituted strict rules: no cheating, bots, fake accounts, or manipulation. Any violations may lead to disqualification or account bans. Additionally, the Free Travel Prize is limited to one per user throughout the campaign.
Speaking on the launch, Femi Hanson, Head of Marketing & Communication, “This festive rewards campaign is about turning everyday banking into meaningful value for our users. With the World Travel Carnival as the headline activation, we are reinforcing PalmPay’s promise of being the smarter way to bank—where smart financial decisions unlock bigger opportunities.”
The Rural Electrification Agency (REA) and the National Bureau of Statistics (NBS) have signed a Memorandum of Understanding (MoU) to conduct a nationwide energy survey aimed at closing long-standing data gaps in Nigeria’s power sector. The initiative is expected to guide policy, attract investment, and accelerate universal electricity access.
Signed in Abuja, the agreement establishes a National Energy Survey based on the Multi-Tier Tracking Framework (MTF), a globally recognized methodology that measures electricity access not only by grid connection but also by quality, affordability, reliability, and usage of electricity and clean cooking solutions.
The survey will be implemented under the Energy Sector Management Assistance Program (ESMAP) of the World Bank. Dr. Abba Aliyu, REA Managing Director/CEO, said the partnership underscores REA’s commitment to evidence-based rural electrification planning and will generate detailed insights on electricity access and off-grid solutions nationwide.
Prince Adeyemi Adeniran, Statistician-General of the Federation/CEO of NBS, emphasized that reliable statistics are essential for effective policymaking, assuring that NBS will provide technical oversight, sampling expertise, and quality assurance to meet global standards.
The survey will assess energy access, household affordability, expenditure patterns, and the adoption of off-grid technologies such as solar home systems, mini-grids, and clean cooking solutions. REA will provide sector expertise and policy alignment, while NBS manages regulatory approvals, methodology, and technical supervision.
Funded and technically overseen by the World Bank, the exercise will run for 18 months, with the resulting data expected to improve national energy planning, programme targeting, and private sector investment, particularly in underserved and rural communities.
Officials said the collaboration reflects the Federal Government’s commitment to strengthening inter-agency coordination, enhancing energy data availability, and advancing Nigeria’s goal of universal electricity and clean cooking access.
The Stakeholders in Blockchain Technology Association of Nigeria (SiBAN), the nation’s foremost self-regulatory body for the blockchain industry, has completed its election cycle, heralding the beginning of a new executive council dedicated to scaling Nigeria’s digital economy.
The highly anticipated elections concluded recently with the emergence of a new leadership team poised to champion industry standards, foster innovation, and drive widespread adoption of blockchain technology across the country.
The newly elected executives, who will officially assume their roles in January 2026, represent a blend of legal, financial, and technical expertise critical for navigating the evolving regulatory landscape.
Leading the charge is Mela Claude-Ake, a lawyer, who has been elected the President of SiBAN to succeed the outgoing President, Obinna Iwuno, whose tenure was marked by significant achievements, including facilitating crucial reforms and forging strategic partnerships with regulators and other critical stakeholders in the digital asset industry. Mr. Iwuno will formally hand over the reins to the new council in January 2026.
Other elected to the executive council are Chimene Chinah – Vice President 1, in charge of Blockchain education and adoption; Oroke Cornelius – Vice President 2, in charge of membership, strategic partnerships, and funding; and Ayo Shonibare – Vice President 3, in charge of policy, regulation, and ethics.
Others are Ugochukwu Peters – Vice President 4 in charge of digital asset operations and capital markets, Mbene Vivian – Chief strategy officer in charge of projects and incubation, Olufunmilayo Tugbobo as Financial Secretary/Chief Financial Officer, and Chiemeka David Ohajionu as Chief Communications Officer.
The newly elected council’s structure reflects SiBAN’s commitment to addressing key pillars of the blockchain ecosystem: from grassroots education and fostering innovation through projects, to establishing robust regulatory frameworks.
In his acceptance speech, Mela Claude-Ake emphasized the vital role SiBAN plays in shaping the future of finance and technology in Nigeria.
“The trust placed in this new council is not one we take lightly. We inherit a great foundation built by the outgoing team. Our mission now is to accelerate. We stand at a critical juncture where the potential of blockchain to revolutionize every sector, from finance and governance to supply chain, is undeniable. This new council will focus relentlessly on advancing smart, collaborative regulation, democratizing blockchain education, and protecting the interests of all stakeholders to ensure that Nigeria remains a leader in the African digital economy space,” he assured.
He added that he is humbled by the opportunity to be the face of one of Nigeria’s youngest and most promising sectors — blockchain tech.
“As a tech enthusiast I am excited at the possibilities. The ecosystem needs careful nurturing by the government. My administration will be focused on building new bridges for the blockchain sector internationally and domestically, establishing trust with the public and unifying the sector. I enjoin all blockchain stakeholders in Nigeria, connected to Nigeria or of nigerian heritage to join hands together with my administration in building the industry of our dreams.”
The industry now looks forward to the handover ceremony in January 2026 and the initiatives the new SiBAN leadership will unveil to solidify the association’s role as a catalyst for innovation and a respected partner to the Nigerian government.
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