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There is Ready Market for Alheri and New Players – Jegede

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Stanley Jegede is the chief executive officer of Phase 3 Telecom, a company with one of the largest fibre backbone network in Nigeria.  Jegede has a Master degree from Middlesex University, U.K in Business Information System, and has worked with key telcos in the U.S and UK. He decided to come back home to ensure that Nigeria gets the most reliable infrastructure for quality services to the end users. Jegede spoke to Chris Alu in Abuja.

Phase 3 and Carrier Services
We are coping with it because we have been able to lay fibre optics on cable lines within some of the cities in Nigeria. So with this, we are able to transmit voice and data successfully and also ensure connectivity through this means effectively, without problems.
Partnership with Alheri
Our partnership is to enable us have one network, to ensure that we have the longest fibre optics in the country and also ensure that we provide all the connectivity across all the states. Our goal is to cover as much as 14, 000 kilometers fibre within Nigeria. What I am saying is that our customers leverage on this capacity to provide services. We have laid fibre on power lines in Benin, Jos and Akwanga. We pass traffic on to Alheri and Alheri gets it to the other end. As you know, we have rights to be on power grid and Alheri also has right to be on the same power grid.
We are building ours on the Western end, while Alheri is building on the Eastern end. So, it is a great marriage between us. Our coming together is to make a difference for our dear country in voice, data transmission and connectivity. We are going to ensure that connectivity is at its best so that operators will also provide the best services to their end users.
Alheri’s Chances in the Telecom Industry
Definitely, Alheri is going to surprise Nigerians. They are working towards ensuring they provide the best and reliable infrastructure, and that is why we decided to partner with them to offer services as good as what Phase 3 is offering. It is going to compliment the infrastructure that we have already deployed in the country. They stand a chance of providing quality and needed services within the country.
Challenges of the Operating Environment
Our mode of deployment is completely different; we are not excavating and putting fibre in the ground. We are laying fibre on the power grid, which is quite challenging because we do this with helicopters. We have engineers that are regarded as the best in power lines who are as skilled as expatriates in this area. The challenges are getting the best people that can do the job and building the most reliable fibre optic infrastructure not only in Nigeria, but in West Africa. So far, we have done well in that regard.
Fibre Optic Project
It is actually from the West and connects to the Eastern part of the country. Phase 3 is taking it from the Western part, while Alheri is running from the Eastern part of Nigeria. Like I said earlier, we are connected in Benin, Jos and Akwanga, and they are the three major cities that we are going to be joining with Alheri and passing on huge amount of capacity, which Alheri will successfully deliver. Again, be aware that we are located in every substation in the country and as such, we do not require generators to power our equipment on transmission. So, that gives us an edge.
Laws of the Country on both Telecom Operators and Your Services
I believe the regulators have made the approach to operating in the industry quite clear. There are rules and there are processes. Government has supported every operator in every way possible, and has given us an enabling environment to operate.  Although we have some little bottlenecks, but we are working closely with the regulators to offer what is required as the needed transmission infrastructure in the country, and they have given us much support.
Proliferation of Optic fibre on Power Lines and Ground
Phase 3 will only concentrate on its core business – providing services to the end users like you and I, and not providing services and also running backbone. Some operators have gone ahead to build infrastructure not because they really wanted to, but because at the time those decisions were made, they did not have anything to rely on. Nitel was unable to build infrastructure which they would rely on, so they had to fashion something to transmit with. But with Phase 3 Telecom providing and building a reliable infrastructure, it makes business sense for operators to take all their transmission needs to a transmission provider like us to provide the services. That would enable them to concentrate on what their core business is.
Quality of Telecom Services, Nine Years after Telecom Revolution
In terms of services, we have done very well in Nigeria. In the first five to six years when mobile telephony was launched, the telcos had problems and challenges. A lot of things that affect services can be attributed to power and issues like transmission. Now I can say that we are getting better and we will get a lot better. The operators are doing everything possible to improve on the quality of service.
Contribution to Health Insurance Scheme aside other Taxes, Levies
It would be a burden on operators to pay more out of their revenue. It is probably going to be a long and daunting task for most of the operators, especially now that there is global economic recession. For me, I think it is time to think strategically and try to keep spending minimal.
Services to Financial Institutions
What we have is dynamic. It is not just for operators. Operators are the ones that require huge capacities more than other clients and we have such provisions. Our infrastructure is for everyone – multinationals, corporate organizations, banks, businesses, parastatals, ministries, GSM and CDMA operators. These customers can ride on our infrastructure to get from one city to another, not only in Nigeria but in the entire West African region. Phase 3 is at the forefront of supporting sub regional integration.
Phase 3’s Investment in the ECOWAS Sub Region in Three Years    
We have so far spent over $100mliion in building the existing infrastructure, and our target is to spend another $200 million to actualize the region’s connectivity.
Direction of the Telecoms Industry
I think the telecom industry is a big industry. Transmission is just one aspect; building infrastructure within Nigeria is another aspect. The industry will continue to grow; there is room for great achievement, and we would see the number of subscribers increase significantly above what we see now, because there is market for 140 million people.
Global Crisis and the Telecoms
It will definitely affect the industry but not badly. Like I said, this is the time to think strategically. Operators and infrastructure providers should look at the most commercially viable aspect of their businesses and pay attention to that. While we are going through the recession period, spending should be low because operators will continue to exist, players will continue to come into the market. This is just the time to be mindful of what we are doing.
New Players in the Telecoms Market Considering Meltdown
They will cope. Visafone is a new player and their subscriber base is over a million now.
Etisalat is also doing well, and I assure you that if other operators come in with new concepts, they will do well too and with the number portability initiative by the NCC, people can move from one line to another without changing their numbers. The market is theirs.
Sea Cable and Power Line
It would complement our infrastructure. If see cable comes into the sub region with IP bandwidth, we have to work with the provider of this IP bandwidth to distribute them across the country. It would definitely complement our services.
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UBA, NiDCOM Deepen Collaboration to Unlock Diaspora Capital for Nigeria’s Growth

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United Bank for Africa (UBA) Plc, Africa’s Global Bank, has reiterated its commitment towards building tangible economic bridges and strengthening diaspora-driven investment into Nigeria.

UBA, NiDCOM Deepen Collaboration to Unlock Diaspora Capital for Nigeria’s Growth

L-R: Group Managing Director/CEO, United Bank for Africa (UBA) Plc, Oliver Alawuba, Chairman/CEO, Nigerians in Diaspora Commission (NiDCOM, Hon. Abike Dabiri and Chief Executive Officer, UBA UK, Loknath Mishra, during a strategic engagement with the African diaspora at the UBA UK Office, London.

UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, stated this on Monday, while hosting key representatives from the Nigerians in Diaspora Commission (NiDCOM) led by its chairman/CEO, Hon. Abike Dabiri, at the bank’s UK office.

The strategic visit comes on the heels of UBA’s recently launched Diaspora Banking platform, which is designed to provide a seamless, integrated platform for Africans in the diaspora to bank, invest, and manage their financial obligations back home, thus connecting global Africans with investment and wealth opportunities.

The bank launched the platform, with leading ecosystem partners representing a major step in redefining diaspora banking beyond remittances toward structured wealth creation and long-term investment.

During the strategic meeting with the NIDCOM officials at the UBA UK office on Monday, Alawuba underscored the diaspora’s critical role as a powerful economic force and a generation of builders shaping new narratives for the continent.

While emphasising UBA’s role as a trusted partner for Nigerians at home and abroad, he said, “With UBA, you have a financial partner that is with you, that understands what you are going through, and that can support you to make sure you realise your aspirations, both here and in the country.”

Alawuba further encouraged the diaspora to leverage the opportunities within Africa’s economic landscape, stating: “You are not limited here; you have opportunities on the continent, and we want you to make good use of them. That is where banking, and we at UBA, become the connecting point that you need to access the opportunities back home. Whether you like it or not, the returns are high in Africa, and we are here to help you navigate that space.”

He also took time to reiterate the Bank’s readiness to leverage its global network and innovative financial solutions to support diaspora engagement.

The Chairman/CEO, NiDCOM, Hon. Abike Dabiri-Erewa, who commended UBA for being a trusted financial partner over the years, especially with the recent launch of its diaspora platform, praised the resilience and success of Nigerians abroad while calling for a stronger focus on constructive narratives.

She said, “Many of you here are the real game-changers. “For years, it has been wonderful engaging Nigerians all over the world. When I started, it felt like we only heard the bad stories, not the good ones. What we have tried to do internationally is to tell and celebrate the good stories. We have Nigerians doing well all over the world, and they are in this room. We must continue to celebrate you.”

While remarking that the meeting demonstrates a significant step in aligning public and private sector efforts to deepen diaspora inclusion and accelerate Nigeria’s development agenda, she pledged closer collaboration in driving policies and initiatives that encourage Nigerians abroad to actively participate in the country’s economic growth.

The discussions further highlighted UBA’s unique position to facilitate cross-border payments, unlock high-yield investment opportunities, and connect diaspora enterprises to markets across the continent.

With a robust global footprint and an unrivalled African presence, UBA continues to serve as the critical link for those looking to engage with the continent’s growing economy.

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group-wide and serving over 45 million customers globally. Operating in twenty African countries, the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting-edge technology.


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FG Deploys Technology, Approves $54m Drugs to Tackle Tuberculosis

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Federal government said that it is adopting technology and innovation to speed up eradication of tuberculosis and other infectious diseases.

FG Deploys Technology, Approves $54m Drugs to Tackle Tuberculosis

It also said $54 million had been approved for the procurement of drugs, especially for treatment of tuberculosis and HIV, to prevent stock-outs of life-saving medicines.

Speaking at the 2026 Pre-World Tuberculosis Day briefing in Abuja, organised by Stop TB Partnership Nigeria, Dr. Charles Nzelu, director, Public Health at the Federal Ministry of Health and Social Welfare, said the present government was making giant strides in addressing challenges in the health sector.

Nzelu said the ministry, under the leadership of Professor Muhammad Pate, had prioritised TB as a major pillar of the health agenda.

As part of the implementation of National Strategic Plan (2021-2026), Nzelu, said the ministry had adopted technology to help achieve the target of stopping tuberculosis from constituting a public health risk in the Nigeria.

He stated, “To bridge the gap, we are leading with innovation. Specifically, this year, the National Tuberculosis and Leprosy Control Programme (NTBLCP) is spearheading the national rollout of the Pluslife Mini Dock diagnostic platform.

“This near-point-of-care technology is a game-changer, allowing us to bring molecular-grade testing to the most remote communities, ensuring that no Nigerian is left behind due to geography.

“Nigeria is rolling out over a thousand of this diagnostic equipment. But technology is only as strong as the systems that support it.

“We are currently focused on strengthening our electronic reporting systems to ensure real-time data flow from the facility level to the national dashboard.”

Nzelu said transparency allowed the ministry to manage the supply chain effectively and prevent stock-outs of life-saving medicines.

In her remarks, Dr. Queen Ogbuji-Ladipo, board chair, Stop TB Partnership Nigeria,  said the country had witnessed remarkable milestones in the fight against tuberculosis.

They included the mobilisation and engagement of high-level TB champions at the national, state, and local levels; strengthened collaboration with government and private-sector actors; increased advocacy for domestic financing; and expanded public awareness of TB prevention and care, Ogbuji-Ladipo said.

She, however, said there were challenges in funding to be addressed with the changing global health financing landscape and dwindling donor support.

According to her, “This reality makes domestic resource mobilization for TB more important than ever before. Sustainable financing from government budgets, private sector contributions, and innovative financing mechanisms will be critical to sustaining TB programs.”

In its presentation, Dr. Temitope Adetiba, TB Programme Lead – Institute of Human Virology (IHVN and Global Fund Project, said under the Global Fund Grant Cycle 7 for TB and HIV response, Nigeria had recorded over 300,000 TB case detection across the country.

 

In addition, IHVN said more than 3,000 drug-resistant TB cases were identified and linked to care, while over 2.3 million pregnant women were screened for TB and HIV across 2024 and 2025.

It also said Nigeria was increasingly taking TB and HIV services to the people within communities, households, and the private sector.

Dr. Mayowa Joel, executive secretary of Stop TB Partnership Nigeria, said the theme, “Yes We Can End TB”, was action oriented.

Joel said the theme challenged all stakeholders to move beyond discussions and commitments toward practical action.

He said, “This means ensuring that TB diagnostic services, treatment, and care reach everyone who needs them, especially through Primary Health Care, where most people first access health services.”

Dr. Mya Ngom, representative of Country Director of World Health Organisation (WHO), said Nigeria had made tremendous progress in responding to the epidemic.

According to Ngom, “In 2024, Nigeria reported 405,324 TB cases having increased from 106,533 cases in 2018, while 335,003 TB cases were reported in the three quarters of 2025.”

He said, “Expectantly, eighty percent (80 percent) of the estimated 510,000 incident TB cases will be detected and notified when the entire 2025 TB notification report is received. While this progress is encouraging, the fight against TB is far from over.

“The number of undetected TB cases averaging 175,000 cases constitutes a pool of reservoir that fuels on-going transmission of TB in the community as one undetected infectious TB case can infest between 12-15 persons per year.

“The emergence of Multi-Drug-Resistant TB (MDR-TB) and the high number of HIV further complicates the burden of TB in the country.”

 


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Luno Launches First Crypto Prediction Market in Nigeria

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Luno, an Africa-founded global exchange, has launched a structured Crypto Prediction Market, ushering in a new chapter for Nigeria’s cryptocurrency market.

This platform enables users to forecast short-term price fluctuations of key cryptocurrencies, such as Bitcoin , Ethereum , Solana, Dogecoin, Ripple, and earn USDC payments when when their predictions are accurate.

Powered by Limitless, the platform rewards right forecasts with USDC, a fully supported stablecoin.

This launch reflects shifting investment trends in Africa’s largest cryptocurrency market. Previously focused on long-term holding or spot trading, retail traders are now looking for tools that allow them to act on market information in a structured, short-term framework.

“We are seeing a clear shift in how Nigerians want to engage with crypto assets,” said Ayotunde Alabi, CEO of Luno Nigeria.

“Many already follow price movements closely and form strong market views; we want to lead with education as well as provide a safe and secure platform to help them apply that knowledge. This feature is designed to be a natural extension for those who enjoy forecasting.”

To mitigate risks, the platform integrates educational resources, dedicated prediction wallets, mandatory risk acknowledgements, and mechanisms preventing users from taking both sides of a market.

Unlike conventional derivatives or open-ended speculation, binary prediction markets are strictly outcome-based. Participants wager on whether an asset will close above or below a specific price target.

While this opens opportunities, it also carries high risk, as incorrect predictions result in total loss of the committed capital.

The launch could influence broader trends in African fintech. By introducing regulated, outcome-based products, exchanges can cater to a more informed investor base while promoting financial literacy.

For Nigeria, this could mark a turning point moving the market from passive participation to data-driven trading, providing a framework for responsible engagement in increasingly complex digital asset markets.

 


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