Telecom
Startup Ecosystem: DG NITDA Engages Key Stakeholders in Lagos
In view of the fact that Lagos State has continued to maintain itself as a viable community with the strongest unicorn of innovation in the Nation, the Director-General, National Information Technology Development Agency, NITDA, Kashifu Inuwa, has reiterated the Agency’s commitment towards giving the ecosystem the needed support to boost the sector’s contribution to the economy and strengthen the value chain.
He made the pledge during a dinner meeting with some key stakeholders of Lagos Ecosystem, including representatives from Microsoft, MasterCard, Norebase, among others.
Inuwa while suing for trust, and strengthening of the value chain deliberated on the best way to accelerate growth and support startups in the country, said “there are lots of distrust within the government and the ecosystem, so much that the only way to engender trust between the two entities is to have this conversation”.
The Director-General assured the group of his unrelenting support to the ecosystem which he maintained would be his return base upon retirement from government service, emphasised the need for collaborations across the board to achieve a faster and more sustainable digital economy.
“We cannot succeed in isolation; we need each other to succeed. Innovation is not distributed evenly across the world. Innovation and digital economy is about humans”.
“A company is as good as its next product and its products are as good as the person or people who make them. This underscores the relevance of talents. If you don’t have the requisite skills and talents, then it is no deal”, he added.
The DG seized the opportunity to share his thoughts on different issues bordering on investments, partnerships, commercialisation of innovations, enabling policies and acquisition of relevant skills as well as trainings.
“At NITDA, we are reenacting our act and laws to make it more robust so that we protect the ecosystem”, Inuwa stated.
The NITDA Boss whose friendly body language gave the forum some sort of a relaxed atmosphere was keen on listening to their opinions and suggestions on how to get the ecosystem perform much better.
“The sector we are in is dynamic and we must move with its pace, so we don’t play catch ups or get left far behind. We must disrupt the way we do things and bring to bear professionalism, innovations that will solve indigenous problems but have global impact”, the DG urged.
While taking turns to share their ideas and challenges, some of the representatives touched on diverse areas of concern and specialisations, including soliciting for government support in the development of hardware space, funding, talents, procurements, local content enforcement, mitigating gateways, policy timings and changes, data protection and management, digital skills framework, standardisation and others.
Reacting to their comments and questions, the Director-General extensively explained the efforts of NITDA under the supervision of the Federal Ministry of Communications and Digital Economy and by extension, the Federal Government in addressing most of the issues deliberated.
The Start-up Bill was also on the front burner of his response as the DG quickly reminded them that most of the concerns raised would soon be rested, given the recent passage of the Bill into law by the National Assembly.
He assured the startups of a speedy and effective implementation of the bill to deal with the bottlenecks experienced and in the process, fast track the anticipated growth of the ecosystem.
Moreso, Inuwa highlighted the Code of Practice for Interactive Platforms as another document that is expected to engender appropriate monitoring to enforce compliance to established regulations guiding the sector, while seeking for their contribution to the document.
“We need to decide what and what are the right regulations so that every startup and industry player would have a Code of Practice that works for everyone and is adhered to the latter. Also, I think we need to form a union for Startup Ecosystem”, Inuwa added.
The engagement with Lagos ecosystem ended with a resolve by all parties to forge ahead against all odds but not just as an ecosystem but a more united and prepared for the future tasks.
The meeting was part of NITDA’s stride towards making Nigeria a talent hub for Africa and possibly the digital world, especially as there are several reports indicating a global talent shortage.
The London Internet Exchange (LINX) announced today that it will extend its partnership with Digital Realty to West Africa, welcoming the data centre provider to its new interconnection fabric, LINX Accra.
Digital Realty is nearing completion of its new facility in Accra, ACR2. A modern data centre strategically positioned near multiple submarine landing cable stations in Accra’s downtown area.
Ghana is one of Africa’s most internationally connected countries, thanks to the presence of these six undersea cable systems. As a result, the country’s digital landscape has grown dramatically in recent years.
LINX Accra was announced in late 2024 and is anticipated to launch in the coming weeks.
LINX stated that a new internet exchange point (IXP) for Ghana will provide future-proof and scalable solutions to propel the digital ecosystem forward.
The new IXP will be LINX’s third facility in Africa since the opening of LINX Nairobi in 2023, marking an important milestone in the company’s overall strategy in Africa.
Nurani Nimpuno, head of global engagement for LINX commented: “We are excited to be embarking on this new journey with Digital Realty in Ghana. We have strong relations with our partners across our LINX hubs in the UK, US and Kenya so I’m confident this extension of the relationship will be a success.”
Digital Realty has been a key access point for LINX’s interconnection solutions in London and also in North Virginia, US for several years.
More recently, LINX launched their first steps into Africa with LINX Nairobi in November 2023 and LINX Mombasa in February of this year, both working closely with iColo: A Digital Realty Company.
Joseph Koranteng, managing director of Digital Realty in Ghana, commented: “We’re pleased to be welcoming LINX to our new data centre in Ghana, a key milestone as we continue to strengthen interconnection across Africa.
“As demand for low-latency connectivity grows, this collaboration will play a critical role in helping to shape the region’s digital future by enabling greater access, resilience, and integration with the global internet fabric.”
Telecom
Moniepoint Clinches Two IBSi Awards for Leadership in Corporate Banking and Digital Wallet Services
Moniepoint Inc, Africa’s leading fintech platform, has been named a Category Winner in two prestigious categories — Corporate Banking and Digital Wallets — at the IBS Intelligence (IBSi) Digital Banking Awards 2025.
The accolades recognize Moniepoint’s significant impact in advancing financial inclusion and operational efficiency through its innovative digital banking initiatives across the continent.
Moniepoint earned dual recognition with the Corporate Banking award for its end-to-end digital platform empowering SMEs across emerging markets through simplified working capital access and streamlined payment processes, while also being honored in the Digital Wallets category for its scalable wallet infrastructure that enables millions to seamlessly transact, save, and manage finances—both innovations supporting broader financial inclusion and economic empowerment goals.
The IBSi Awards jury highlighted Moniepoint’s achievement in delivering measurable business impact, its ability to scale efficiently, and its pioneering approach to integrating local market needs with cutting-edge financial technology.
The IBSi Digital Banking Awards recognize technology implementations and innovation across digital banking units worldwide. This year, more than 110 submissions from over 30 countries were evaluated.
The IBSi Digital Banking Awards celebrate the most innovative and impactful technology implementation projects in the global banking sector.
This year’s competition recognised outstanding achievements among digital-only banks, neo-challenger banks, and the technology partners driving digital transformation worldwide.
“We are thrilled to be recognised in two highly competitive categories,” said Tosin Eniolorunda, CEO of Moniepoint. “These awards validate our mission to power the dreams of African businesses and individuals by building technology that works for everyday realities.
“Whether it’s helping SMEs grow or enabling simple, fast, and secure transactions for millions, we remain committed to delivering impactful solutions.”
“These recognitions from IBS Intelligence reflect the hard work of our teams and partners, and the deep trust our users place in Moniepoint,” Eniolorunda added.
“We look forward to continuing to innovate and scale inclusive digital financial services that shape the future of banking across Africa.”
Nikhil Gokhale, Director of Research and Digital Properties at IBS intelligence, said, “Over the years, we’ve witnessed a remarkable transformation in the digital banking space — from the rise of nimble neobanks to the digital reinvention of traditional institutions.
“The IBSi Digital Banking Awards honour this evolution by recognising technology-led excellence across the global banking landscape.
“Now in its fifth edition, the awards continue to recognise banks that are redefining the digital banking landscape through bold strategy, customer-centric thinking, driving innovation, inclusion and meaningful impact.”
This award complements and validates Moniepoint market leadership having been listed for three years in a row in the CB Insights annual Fintech 100, a list of the 100 most promising private fintech companies in the world and described as high-momentum companies shaping the future of financial services as well as being ranked by the Financial Times as one of Africa’s fastest-growing companies for two consecutive years.
Moniepoint Inc. powers over 10 million businesses and individuals with access to seamless payments, banking, credit, and business management tools since 2019. As Nigeria’s largest merchant acquirer, it powers most of the country’s Point of Sale (POS) transactions while operating profitably.
Processing over 1 billion transactions monthly, with total payments volume exceeding $22 billion, Moniepoint enables businesses to digitize their operations and thrive in Africa’s rapidly evolving economy.
UK-headquartered IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology (traditional and new-age) research, advisory, and media firm, with a global coverage, and a 360° portfolio of intelligence offerings.
For over 30 years, IBSi’s expert teams have delivered independent, in-depth, actionable insights, with a laser focus on everything Financial Technology, to the global banking, consulting, technology, and institutional investor world.
Dr. Aminu Maida, executive vice chairman and chief executive officer of the Nigerian Communications Commission (NCC), has declared the presentation of the Regulatory Impact Assessment (RIA) Report on eight key subsidiary legislations a turning point in the Commission’s regulatory framework.
Speaking at a high-level Stakeholder Engagement Forum in Abuja, Dr. Maida noted that the comprehensive RIA, conducted in 2024, embodies the NCC’s renewed commitment to transparent, participatory, and consumer-focused rulemaking.
“This innovation in our legislative process not only enhances accountability but also recalibrates our focus areas—consumers, licensees, and government policy alignment,” Dr. Maida stated.
The NCC boss emphasized that the RIA’s three-pronged focus aimed to assess regulatory performance across:
* Consumer impact, especially with regard to quality of experience (QoE)
* Market adaptability, with respect to competition, resource utilization, and market entry
* Policy alignment, ensuring legislations support overarching governmental objectives
He urged stakeholders to rigorously engage with the RIA findings to enhance regulatory outcomes and ensure market sustainability.
In her opening remarks, Head of Legal & Regulatory Services at the NCC, Mrs. Chizua Whyte, described the RIA as “an evolutionary step in our rulemaking journey,” adding that the extensive stakeholder contributions had strengthened the report’s validity.
“With emerging technologies and policy priorities, we needed to reassess our legal instruments. This RIA was both introspective and outward-looking,” Mrs. Whyte said.
Key areas assessed include licensing, SIM registration, subscriber management, enforcement procedures, spectrum trading, and infrastructure sharing.
Mrs. Whyte revealed that feedback from industry players was instrumental in identifying regulatory redundancies, clarifying legal obligations, and shaping future reforms.
The Legal Department, she noted, is already aligning next-phase reforms with the RIA’s recommendations to strengthen investor confidence and foster innovation across Nigeria’s telecom landscape.
The forum concluded with a call for continued stakeholder participation in shaping the Commission’s evolving legislative environment.
For the NCC, the RIA initiative signals a new era of smarter regulation—balancing flexibility, compliance, and consumer trust.
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