E-Business
Startups Ecosystem Development in Nigeria

The city of Abuja is not necessarily regarded as the city for Startup Entrepreneurs, but all that is changing with the likes of Abuja Technology Village, Box Office incubator, Ventures Platform, VP, and many other incubators, providing co-working space and physical infrastructure that Startups require to turn their ideas into viable businesses.
I recently met with Kola Aina, Founder, Ventures Platform and our discussion centered on issues in the Startups ecosystem and some of the challenges facing this model of Entrepreneurship.
Speaking on how the journey has been so far with building a community in Abuja, Kola stated that it has been an amazing journey, so far. He stressed that, when he started out, he had big ambitions and he is excited that the Abuja community has received his Startup well with the size of patronage that his co-working space has received, so far.
Speaking on numbers, he said that about 175 co-workers actively use its co-working facilities everyday and these include companies that work out of the park, Startups, Freelancers, Graphic Designers, etc. He stated that there are also 18 people living within the community at any given point in time, and also using the other facilities, such as the gym facility, etc. Kola stated that, up to date, Venture Platform has invested in about 14 companies. He further said that, on the average, these companies have a minimum of 2 or 3 Founders and employ 4 or 5 other people, hence, the spiral effect of that is really something worthwhile, but not yet reconciled to place a figure on.
In terms of events, Kola said that the platform also has events that many people have benefited from. He said he is really amazed at the impact, so far, even as he sees it as just the beginning, he is excited to see what happens next.
Giving reasons why he is building an ecosystem in Abuja that is seen as a city of civil servants and contractors, Kola said, he believes that a community that relies on rent is not sustainable. This, according to him, is because, many of them had to close up because of recession. Kola said he beliefs that tons of young people, if given the right environment and empowerment, can build amazing things and solutions that can then become sustainable businesses. He said that is what is happening now in Benue, Niger and Kano States, etc., where new tech communities are springing up with young people building solutions and the volume of applications coming up is amazing.
Kola stated that the community on his platform has developed about 900 applications to solve problems in payment, health issues, etc., so, it’s amazing what people can do when empowered.
Reacting to a question on why local investors are not interested in investing in Startups, Kola stated “it is really a sad thing and what we hear is more of talk than action in Nigeria”. He believes that, if the community is able to get the big money bags to support and invest in the Startups, it will be better for the Startups. “Startups may have the best ideas, but if they run out of money, they are dead”, Kola emphasized. “There is more foreign participation in our Startups than we have from within Nigeria and before we know it, many of our Startups are going to be owned by foreign investors” he further stated.
Kola is of the opinion that the government can utilize just between 2% to 5% of the Sovereign Wealth Fund in backing up local VC’s and accelerators, it will make a huge impact.
Kola is of the view that there is no need reinventing the wheel for wealthy Nigerian investors to invest in the tech ecosystem. All they need to do is to take a look at the existing state of the ecosystem and decide where to come in. He stated that, truly, we have enough resources within Nigeria to solve our problems, but the problem we have is that, we are used to the old ways of making money, which are real estate, oil and gas, etc., however, until local investors start to support the tech ecosystem, the nation is not likely to move forward on the continent.
One of the challenges that Startups in the tech ecosystem face is the problem of infrastructure, especially, power. Another problem he identified is the inadequacy of bandwidth. The biggest challenge, according to Kola, however, is that of getting local investors to invest in the tech ecosystem. One other challenge he identified is the quality and commitment of Nigerian Founders, who, he thinks should raise the level of their ambition.
On support from government, Kola was emphatic that Ventures Platform has never received any support from government in any form.
Kola stated that, with VP investing in 14 companies within its accelerator program, the goal is to build companies that can achieve $1 billion valuation and this is possible. This is because some foreign investors, such as Startups from Belgium and Cameroon are interested in teaming up with our Startups and doing business here in Nigeria.
Kola concluded by saying that, the training program that VP carries out has graduated about 10,000 people, so far and that there are also plans of expanding the campus across Africa.
CFA is the Founder, www.CFAtech.ng & Co-producer/Presenter,Tech Trends on Channels Television
E-Business
Kaspersky Introduces Cyber Pathways to Support Career Development in Cybersecurity

Kaspersky’s new platform, ‘Cyber Pathways’, offers a comprehensive look into the essential cybersecurity roles, skills, and tools, to empower professionals to chart their career paths with confidence.

Featuring an interactive guidance test and personalised learning recommendations, the resource helps users to discover their ideal cybersecurity role. This platform is equally useful for newcomers to cybersecurity, IT generalists, seasoned experts and corporate organisations.
According to a global Kaspersky study, a staggering 41% of companies report that their cybersecurity teams are significantly understaffed, primarily due to a shortage of qualified professionals capable of handling complex challenges.
This talent gap is further echoed by the fact that 49% of cybersecurity experts see a pressing need for more practical training opportunities to enhance their skills and venture into new, more demanding areas.
Recognising the crucial role of expertise in closing this gap, Kaspersky introduces its new digital project ‘Cyber Pathways’, a comprehensive interactive platform designed to empower cybersecurity professionals at all levels.
‘Cyber Pathways’ is a digital platform that offers an in-depth overview of key cybersecurity spheres and spotlights the vital hard and soft skills essential for success in each area.
It highlights core responsibilities and introduces key tools and solutions utilised in these roles. It also offers practically oriented educational courses tailored to expand knowledge and sharpen skills in a chosen cybersecurity field.
Key cybersecurity spheres are reviewed in the ‘Kaspersky Cyber Heroes’ part, each embodying a vital area of cybersecurity: threat intelligence, malware analysis, security operations, security assessment, network security, and information security research.
These heroes are designed to help professionals understand the unique characteristics of each role and identify the key competencies required to succeed in them.
Career guidance test in an engaging and interactive form enables professionals to assess their current expertise level and identify the cybersecurity role that best matches their strengths and aspirations.
The platform offers three tailored test options, catering to different levels of expertise: for beginners in cybersecurity, for advanced professionals, and for organisations.
Building on nearly three decades of unmatched experience and extensive historical data, Kaspersky has developed a unique expertise that not only protects against the most dangerous cyber threats and guarantees top-tier product quality, but also empowers cybersecurity professionals worldwide to enhance their knowledge and stay ahead of cybercriminals.
Rooted in this expertise, the educational recommendations provided on this platform combine highly practical, hands-on programmes from Kaspersky Cybersecurity Training and Kaspersky Academy.
Designed to equip professionals with the critical skills needed to combat sophisticated threats, these initiatives ensure that their skills remain sharp, current, and ready for any challenge.
Additionally, these recommendations include valuable resources for corporate organisations, featuring online tools from Kaspersky Security Awareness that promote cybersecurity-conscious behaviours within teams and foster a resilient security culture.
E-Business
FCCPC Sets Deadline for Digital Lending Regulatory Compliance

Federal Competition and Consumer Protection Commission (FCCPC) has announced Monday, January 5, 2026, as the final deadline for full compliance with the Digital, Electronic, Online, and Non-Traditional Consumer Lending Regulations, 2025.

In a statement signed by Ondaje Ijagwu, director of Corporate Affairs, the Commission said that the Regulations took effect on July 21, 2025, pursuant to the Federal Competition and Consumer Protection Act (FCCPA) 2018.
According to the statement, the new framework is designed to promote fairness, transparency, and accountability within Nigeria’s expanding digital lending ecosystem.
To facilitate compliance, the Commission has also released an accompanying instrument, the Guidelines on the Digital, Electronic, Online, and Non-Traditional Consumer Lending Regulations, 2025, issued under Sections 17 and 163 of the FCCPA.
“This document provides practical direction for lenders and intermediaries, explains the documentation required, and introduces updated Forms 1 and 3 based on feedback received from stakeholders,” the statement noted.
The FCCPC added that applicants with pending submissions may supplement their filings with any additional information required under the new Guidelines without waiting for formal requests.
It assured them that applications would continue to be processed promptly and transparently.
Speaking on the compliance timeline, Mr Tunji Bello, executive vice chairman of the FCCPC, underscored the importance of adhering to the January 5 deadline.
“Full compliance is not only a legal requirement but an important step in protecting consumers and ensuring that the sector continues to grow in a fair and responsible manner,” Bello said. “Operators have had ample time to adjust to the Regulations and the additional guidance now provided. We expect all obligations to be met before the deadline.”
The Commission emphasised that all affected operators, including digital lending platforms, service partners, and intermediaries, must complete their compliance obligations before the stated date.
It warned that enforcement actions will commence immediately after the deadline, including restricting non-compliant entities from operating, directing partners or platforms to cease dealings with them, and imposing other sanctions permitted under the law.
Copies of the Guidelines, Forms, and Frequently Asked Questions (FAQs) are available on the FCCPC websit: www.fccpc.gov.ng, as well as at the Commission’s offices nationwide.
E-Business
NITDA DG Tasks Youths to Drive Africa’s Digital Transformation

Kashifu Inuwa, CCIE, Director General of the National Information Technology Development Agency (NITDA), has urged Nigerian youth to take the lead in driving Africa’s digital transformation, emphasising that the nation’s young population holds the key to a prosperous and inclusive future.

Delivering his opening remarks at the three-day Digital Nigeria International Conference and Exhibition 2025 at the Bola Ahmed Tinubu International Conference Centre in Abuja, Inuwa extended heartfelt appreciation to the Vice President of the Federal Republic of Nigeria for his presence, describing it as a powerful demonstration that this administration cares deeply about our youth.
The conference provides a dynamic platform for ecosystem stakeholders to showcase their work and explore emerging trends aimed at transforming the nation and continent’s digital future.
Organised by NITDA, the Digital Nigeria Conference serves as a platform that bridges government and industry, fostering collaboration between policymakers, innovators, and private-sector leaders. It aims to harmonise regulatory frameworks, promote public–private partnerships, and drive the effective implementation of Nigeria’s national digital strategies for inclusive and sustainable growth.
Inuwa noted that the conference’s theme, Innovation for a Sustainable Digital Future: Accelerating Growth, Inclusion, and Global Competitiveness, aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, particularly its focus on economic diversification through digitalisation, industrialisation and innovation.
Dr Bosun Tijani, the Minister of Communications, Innovation and Digital Economy, also speaking at the event reiterated the Federal Government’s commitment to building a sustainable, inclusive, and globally competitive digital economy, calling on stakeholders across sectors to work together to achieve Nigeria’s digital transformation goals.
Dr Tijani described the annual gathering as more than a conventional technology conference. According to him, Digital Nigeria serves as a national platform for dialogue, collaboration, and actionable strategies that will shape the country’s future in the digital era.
“It is with great pleasure that I welcome you all to Digital Nigeria 2025, something I consider to be a dialogue, but also collaboration and action towards building a sustainable, inclusive, and globally competitive digital economy for our nation. This event reminds us of what digital truly means for our past as a people, our present reality, and the future we are striving to build,” he mentioned.
Dr Tijani took the audience on a reflective journey through Nigeria’s digital history, noting that the liberalisation of the telecommunications industry in 1999 was a bold, transformative decision that changed the trajectory of the nation’s economy.
“That decision marked the beginning of a new economy built on ideas and innovation. The introduction of mobile connectivity reshaped how Nigerians live, work, and connect, fuelling a digital revolution that continues to expand opportunities for millions,” the Minister explained.
He emphasised that the ripple effect of that single reform continues to be felt across sectors and further noted that the digital economy now contributes about 18 percent to Nigeria’s Gross Domestic Product (GDP), a clear demonstration of the sector’s growing importance as a driver of national growth and economic diversification.
He also highlighted Nigeria’s global leadership in financial technology (fintech) innovation, citing the country’s advanced digital payment systems and thriving startup ecosystem.
“Today, Nigeria boasts one of the most efficient and responsive payment systems in the world. Transactions that take hours or even days elsewhere are completed instantly here. This innovation has produced five of Africa’s nine technology unicorns, companies each valued at over a billion dollars,” Tijani stated.
Senator Kashim Shettima, the Nigerian Vice President, in his remarks stated that the country is on the cusp of a historic transformation as the government advances toward passing the National Digital Economy and E-Governance Bill into law.
He described the bill as a cornerstone of the nation’s ambition to build a $1 trillion economy powered by digital innovation. Emphasizing its significance, he noted that the bill represents more than legislative reform—it is “a strategic leap toward embedding technology into the fabric of governance, economic planning, and national development.”
Drawing a compelling parallel with Nigeria’s cashless policy, which catalysed the fintech revolution, the Vice President said the anticipated impact of the new bill would ignite a govtech revolution.
“Just as the cashless policy unlocked the fintech revolution, this new bill will unlock the govtech revolution—an era of smarter governance, greater transparency, and inclusive service delivery,” he declared.
He explained that this new era would be defined by smarter governance, greater transparency, and inclusive service delivery, all driven by digital tools and infrastructure. He stressed that the bill is part of a broader national strategy to position Nigeria as a global leader in digital innovation, with the potential to transform every sector of society.
He highlighted that Nigeria, with over 220 million people and an average age of 18, stands at a critical crossroads, one that could either unleash unprecedented prosperity or deepen socio-economic challenges if the nation fails to harness the creativity of its youth.
“If we harness the energy, the creativity and talent of our youth, we are not just going to power Nigeria, but we can power the entire Africa into a new era of prosperity. But if we fail to do that, if we fail to skill our youth, if we fail to provide a platform for them to create value, we are stunting the most valuable asset we have as a nation,” he noted.
The NITDA DG revealed that the 2025 edition of the conference has attracted over 4,800 participants from 12 countries and 25 Nigerian states, making it both a national and international gathering of innovators, policymakers, and investors.
He said, “This year’s event features 12 keynote sessions, 23 panel discussions, five workshops, and two expert masterclasses across five thematic tracks.”
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