General News
Technology, Innovation & Entrepreneurship Nigeria’s Hope for Survival- NIS

Nigeria Innovation Summit has once again conveyed messages on the need for Nigeria, businesses and entrepreneurs, to embrace technology and innovation so as to drive a sustainable economic growth.
This is the unanimous thought of participants at the 2017 Nigeria Innovation Summit (NIS) and the Nigeria Innovation Awards, held in Lagos recently by the Emerging Media and the African Innovation Academy.
Each year, the event brings together the major drivers of Nigeria’s innovation ecosystem, namely; the government, the academics, the industry and entrepreneurs to share ideas, connect, network and more importantly work together to do practical projects that will drive innovation in Nigeria.
Technology and innovation thrive well in a healthy ecosystem, said Mr. Kenneth Omeruo, CEO of Emerging Media, who further explained why they held the Summit.
He said, ‘Nigeria has human, natural and the financial resources to become a leader in technology and innovation in the comity of nations but we are nowhere to be found even among many African nations. This is largely to the fact that government do not truly support or invest in technology and innovation in Nigeria. They are yet to understand its importance as to give it all it takes to create an enabling environment that will naturally attract the needed foreign investments.
“Based on that Nigeria is yet to witness major capital investments from top technology and innovation companies like GE, Google, Microsoft, Intel, IBM, etc. who have had their presence in Nigeria for several years now. I will leave you to ponder on why some of these companies are investing in other countries in Africa and not in Nigeria.
“Just to remind us that Technology, Innovation and Entrepreneurship is the only hope for Africa’s survival, and Nigeria should wake up to play a leading role. With Emerging Technologies like Virtual Reality, Artificial Intelligence, Robotics, Genomics, Internet of Things, increased awareness on Crytocurrency, Cybersecurity, Data Mining and Analysis, it is obvious that the next 20 years within the Fourth Industrial revolution will create a whole new economy and new industries.
“This is so evident in what countries like Japan, China, US, South Korea, Germany, Israel and innovators and game changers like Elon Musk, Mark Zuckerberg, Jeff Bezos are all investing in.
He said that stories of young Nigerians, who against all odds are doing their best to build a bright future, are shaping how Nigeria and indeed Africa is looked at globally, and they are attracting global attention and investments. We have gathered such young Nigerian Startup founders who are exploring opportunities in Fintech, EduTech, Health Innovations, Green Energy, Open Innovation etc. to share their insight.
On his part, Mr. Tony Ajah, Director, Nigeria Innovation Summit (NIS), reflected on the 2016 Global Innovation Index, where Nigeria was ranked 114 out of 128 countries based on the investment in research and development, infrastructure, ICTs, political environment, regulatory effectiveness, knowledge and technology output, market sophistication etc.
‘And in 2017, we were further ranked 119 out of 127 economies. In Africa, countries like Mauritius, Kenya, Rwanda, Malawi, Uganda, Tanzania, Morocco, Ghana, South Africa, and Tunisia are ahead of us in technological innovations. This is so because we do not invest in innovation, research and technological development.
“This strongly proves that we are in dire need for a technological and innovative transformation through entrepreneurship. Hence, the theme of this year’s Summit: Transforming Nigeria’s Economy through Technology, Innovation and Entrepreneurship. There could be no better time to promote innovation in Nigeria than now. It’s so obvious that every sector in Nigeria’s today needs disruptive ideas driven by technology and innovation”.
He said that Nigeria has the potentials to be a global economic power if we embrace and invest heavily in technology, innovation and entrepreneurship, lamenting that the absence of a clear-cut national policy document for technological has over the years hampered the nation’s drive in using technology for economic development as we see in some countries.
In a presentation on ‘The Need for Private Sector Alliance to Drive Health Innovation in Nigeria’, the Managing Director and Chief Executive Officer of Private Sector Health Alliance of Nigeria (PHN) Dr. Muntaqa Umar-Sadiq, said the nation’s healthcare sector has received billions in grants; however the inadequacy of current health programs and stagnated results necessitates bold and disruptive innovative approaches to transform the sector.
According to him, the epidemiological transition and population growth projected in the country exacerbate the need for scalability of effective innovative approaches within the health sector.
He said that the state of health was characterised by poor outcomes, poor quality and a lack of protection from financial risk which attracted the interest of concerned Nigeria who set up PHN to mobilizes private sector to complement government’s efforts in accelerating improvement in health outcomes by focusing on innovation, impact investments, advocacy and public-private partnerships.
The Nigeria Innovation Summit, a brainchild of Emerging Media, also attracted participants delegates from Research Institute for Innovation and Sustainability, South Africa; the Private Sector Health Alliance of Nigeria; Anambra State Government; Kaduna State; Google Business Group; Ministry of Industry, Trade and Investment; UNIDO/NIRP; Enspire Business Incubator, Abuja; Oxford Business Group, UK; British High Commission; Lagos Business School; University of Lagos; Federal University of Technology, Owerri; Caleb University; Crescent University; Nasarawa State University; Nuhu Bamalli Polytechnic, Zaria, amongst others.
General News
Court Freezes MCSN Copyright Levies amid Record Label Legal Battle

Justice Ambrose Lewis-Allagoa of the Federal High Court, Lagos, has issued an interim Mareva injunction freezing copyright levy funds due to the Musical Copyright Society of Nigeria (MCSN).

The order prevents the Central Bank of Nigeria (CBN) and at least 20 commercial banks from disbursing these funds until further court proceedings.
The injunction stems from Suit No. FHC/L/CS/207/2026, following an ex parte application filed on February 5, 2026, by the Record Label Proprietors’ Initiative on behalf of 11 major record labels and music companies.
Plaintiffs include industry heavyweights such as Mavin Records, Davido Music Worldwide, Chocolate City Music, Universal Music Group, Sony Music Africa, and Warner Music South Africa.
The plaintiffs, through their attorney, sought to restrain the CBN from releasing any copyright levy funds related to sound recordings earmarked for MCSN.
They also asked the court to bar MCSN and its agents from accessing, transferring, or using the funds, whether received directly from the CBN or routed through commercial banks.
General News
NITDA, HORSA Empower Lawmakers’ Spouses with Digital Skill

The National Information Technology Development Agency (NITDA), in partnership with the House of Representatives Spouses Association (HORSA), organized a specialized two‑day digital literacy and capacity‑building workshop for the spouses of members of the House of Representatives.

The initiative, themed “Empowering Women for a Digital Future: Leadership, Wellbeing, and Opportunity,” is designed to equip spouses of lawmakers with the tools needed to navigate the modern digital economy and the unique demands of public life.
Moving beyond basic computer literacy, the workshop offers a comprehensive suite of skills, including financial and digital literacy—focused on using digital tools for business growth and personal finance management; cybersecurity and digital wellbeing—promoting online safety, data protection, and mental health resilience; and economic empowerment—unlocking opportunities in remote work, Business Process Outsourcing (BPO), and digital entrepreneurship.
Declaring the workshop open on behalf of the Speaker of the House of Representatives, Rt. Hon. Tajudeen Abbas, PhD, the Deputy Speaker, Rt. Hon. Benjamin Okezie Kalu, said the workshop underscores the crucial role spouses play in supporting public office holders. He described spouses as trusted advisers whose understanding of legislative responsibilities helps lawmakers perform more effectively.
He noted that the demanding nature of legislative work often places strain on family life, adding that empowering spouses with digital and leadership skills would strengthen their capacity to provide informed support and constructive feedback to their partners in public service. He urged participants to take full advantage of the training, stressing that continuous learning is essential in an increasingly digital world.
Kalu further observed that many spouses already lead humanitarian and development initiatives in their communities, and that the skills gained from the programme would enhance communication, strategic planning, and resource mobilisation, thereby deepening their contribution to community development and national growth.
In his welcome address, the NITDA Director‑General, Kashifu Inuwa, said the initiative aligns with the Federal Government’s drive to build a sustainable digital economy by ensuring that no group is excluded from digital opportunities due to skills gaps. He noted that the Renewed Hope Agenda of Bola Ahmed Tinubu places digitalisation and innovation at the heart of economic diversification and inclusive growth.
He added that NITDA is implementing a national digital literacy framework aimed at achieving 95 per cent digital literacy by 2030, driven through three key focus areas: integrating digital skills into formal education, upskilling public servants, and expanding community‑level digital inclusion.
Inuwa described women as critical drivers of Nigeria’s digital transformation, noting that empowering spouses of lawmakers with digital skills would strengthen leadership at home and positively influence legislative processes at the National Assembly. He explained that NITDA is working with the Ministry of Education and global technology partners to train teachers nationwide, while over 54,000 public servants are currently enrolled in the Agency’s digital literacy programmes.
He also stated that through community champions deployed across the 36 states and the Federal Capital Territory, millions of Nigerians are being reached annually with basic digital skills training, stressing that national leaders must not be left behind in Nigeria’s digital transition. According to him, digitally literate spouses can play a vital role in encouraging technology‑driven governance, including ongoing efforts to digitise legislative processes.
In her goodwill message, the Leader of HORSA and wife of the Speaker, House of Representatives, Hajiya Fatima Tajudeen Abbas, described the workshop as a historic milestone and the first comprehensive capacity‑building programme organised by the 10th Assembly for spouses of lawmakers. She noted that public life in a digital age now extends beyond physical spaces into online platforms, making digital and financial literacy, cyber protection, and digital wellbeing essential skills for spouses of national leaders.
Hajiya Abbas emphasised that the sessions on mental health, emotional resilience, entrepreneurship, and leadership were timely, as spouses of public office holders often shoulder invisible emotional responsibilities. According to her, empowering women economically strengthens families and communities, adding that the knowledge gained from the workshop would not only support lawmakers behind the scenes but also enable women to contribute more meaningfully to national development in the digital economy.
The event also featured goodwill messages and contributions from senior government officials, including the Chief of Staff to the President, Hon. Femi Gbajabiamila; the Honourable Minister of Women Affairs and Social Development, Hon. Imaan Sulaiman Ibrahim; the Chairperson of the Nigeria Governors’ Spouses’ Forum, Prof. (Mrs.) Olufolake Abdulrazaq; the Chairman of the House Committee on ICT, Hon. Stanley Olajide; the Chairperson of the House Committee on Women Affairs and Social Development, Hon. Kafilat Ogbara; and the Managing Director of the South-South Development Commission, Usoro Offiong Akpabio.
General News
PalmPay Unveils First Batch of Winners in #LoveWithPalmPay Campaign

PalmPay is thrilled to announce the first set of winners of its highly anticipated Valentine-themed #LoveWithPalmPay campaign, following a week of receiving entries from users across the country, celebrating their real love stories shaped by simple money moments.

The #LoveWithPalmPay, a two-week campaign which started on the 9th of February until the 21st of February, has unveiled the first set of four (4) couples who shared their heartfelt stories of how PalmPay has positively impacted their relationships, from seamless transfers and bill payments to shared savings goals, dates, and everyday financial support.
The first batch of selected winners are:
- Abdulsalam Aishat Omowumi ( Facebook)
- Symply Omotoshan (Instagram)
- Unusual_aaron (Tiktok)
- MTN_DATA_VENDOR (X)
Speaking on the campaign, Olorunfemi Hanson, the Head of Marketing of PalmPay, stated, “We are using the campaign to appreciate our over 35 million users and the many ways they use the PalmPay app to make life seamless. The four (4) couples, each rewarded with ₦100,000, were chosen based on how effectively they highlighted PalmPay’s features and demonstrated how the platform helped their everyday payments be reliable and seamless.
PalmPay noted that with the campaign still ongoing, four (4) more couples will be announced in the coming days, encouraging more users to continue sharing their love stories using the hashtag #LoveWithPalmPay on PalmPay’s social media platforms.
The campaign reinforces PalmPay’s commitment to creating financial solutions that not only simplify transactions but also bring people closer through meaningful, everyday money moments.
PalmPay is a leading digital banking platform driving financial inclusion and economic empowerment in underserved emerging markets. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay empowers individuals and businesses with tools to manage and grow their money.
PalmPay offers a comprehensive range of products, including mobile payments, savings, and micro-insurance via its app and mobile money agent network.
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