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Tosin Eniolorunda Innovation Challenge Rewards 3 Bright Young University-based Entrepreneurs 

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In a bid to build a supportive environment for innovation and create new pathways for a future where prosperity is inclusive, opportunities abound, and where the entrepreneurial spirit thrives, Group Chief Executive Officer, Moniepoint Inc, Tosin Eniolorunda has rewarded three University-based young Nigerian entrepreneurs through the inaugural edition of the Tosin Eniolorunda Innovation Challenge, an initiative of the Management Students Association, University of Lagos.

Winner of the Tosin Eniolorunda Innovation Challenge, Halimat Ajoke Ariyo, Founder, Craft by Leemart holding aloft dummy cheque during the prize presentation.

The winners emerged during the 4th Annual Students Entrepreneurship Program, a one-day session which featured keynote presentations, panel discussions, and networking opportunities designed to equip future business leaders with the skills and knowledge needed to foster SME growth and innovation. With the theme, “Bridging The Gap From Micro To Macro: Empowering SMEs To Drive Sustainable National Growth”, participants were challenged to explore simple but creative solutions to the challenges faced by SMEs while underscoring the necessity of fostering an entrepreneurial mindset, and equipping emerging business leaders with the tools to innovate and solve problems effectively.

Speaking to the rationale for the Challenge, Tosin Eniolorunda who was represented at the event by Efemena Ogie, Head of Partnerships, noted that small businesses are vehicles for innovation and problem solving and that empowering them isn’t merely a strategic imperative but a moral obligation toward ensuring sustainable and inclusive prosperity for all.

He added that the initiative resonated strongly with him considering his own early beginnings as an undergraduate of the Obafemi Awolowo University where he was solving problems for his peers on campus.

“This initiative aligns with our vision of powering dreams and being critical enablers for the growth of the SMES across Nigeria.

“We have seen first hand the transformative power of innovation and problem solving as pivotal building blocks for unlocking value, considering that the world belongs to dreamers and doers.

“Our growth has been driven by our ability to listen to the customers as well as providing innovative solutions to the challenges they have faced. Dreams and passions are the fundamental instruments for entrepreneurial activities and the drive to provide financial happiness for all Nigerians has kept us going.

“This Innovation Challenge is a solid platform to help more dreamers move their innovative ideas into becoming tangible ventures that can increase their contribution to the broader economy,” he said.

Not limited to providing student entrepreneurs with seed funding or funds to upscale their ventures (for already existing businesses), the Tosin Eniolorunda Innovation Challenge, which showcased an impressive array of entrepreneurial talent and innovative ideas, also provided mentoring initiatives, workshops and training sessions to participants who are committed to identifying problems and proffering solutions as well as making great impact in their communities.

After a rigorous selection process, five finalists emerged to present their ideas to a distinguished panel of judges, with the winners announced as follows:

1. Winner: Craft by Leemart

   Founder: Halimat Ajoke Ariyo

 A fashion leather brand creating high-quality, customized products – footwears, customized bracelets, wallets, belts, journals and other products with quality leather with a focus on customer satisfaction and personalized experiences.

2. 1st Runner-up: SafeMom

   Founding team: Michael Kolade Sunmoni and Saanumi Oluwaseun Joshua

A healthtech startup addressing maternal mortality by connecting expectant mothers with healthcare resources through an innovative digital platform. These include    24/7 access to healthcare experts, educational resources on pregnancy, childbirth, and postpartum. and support groups.

3. 2nd Runner-up: UNISHOP

Founding team: Bukunmi Ransome-Kuti and Israel Olasupo

A retail-as-a-service platform empowering student entrepreneurs to establish and grow their businesses within the campus ecosystem. It offers basic listings and premium shop pages to drive visibility and marketing for student businesses to thrive in the campus marketplace.

These winners were selected after preliminary rounds by an expert panel of judges drawn from the business and technology ecosystem including industry leaders such as Gabriel Balogun, Head of Learning and Development, Moniepoint Inc, Katherine Adesomoju, CEO, Spectrum Holdings, Samuel Olatunde, CEO/Founder, Edala Homes, and Adeola Sanusi, CEO/Founder, XL Homes.

The evaluation was based on key metrics including market potential, understanding of financial management, growth plans, and business value/competitiveness of the proposed solution and the quality of the presentation and delivery.

An elated Halimat Ariyo who went home with 1 million naira in prize money said: “I’d like to thank Moniepoint and Mr Eniolorunda for this opportunity and the cash incentive. I am energized to take my business to the next level and the world would know my name.”

The Tosin Eniolorunda Innovation Challenge is identifying promising small businesses on campus and providing valuable training and exposure to them underscores the importance of nurturing young talent and fostering innovation for Nigeria’s socio-economic advancement while validating Moniepoint’s commitment to support entrepreneurship, and position young Nigerians for global relevance.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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ATU, AFRINIC Urge Governments, Regulators to Develop Internet Resilience Framework

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As Africa continues to face internet disruptions, telecom leaders have urged governments and regulators to embrace and implement a Model Framework for Building Regional Internet Resilience.

The African Telecommunications Union (ATU), Internet Society, and African Network Information Centre (AFRINIC) have all endorsed the framework.

The framework organises Africa’s internet resilience challenge around three interdependent focus areas: networks and internet service providers (ISPs), critical infrastructure such as power grids and cables, and market conditions that influence affordability and demand, according to the organisations in a joint statement.

Once implemented, entities or operators responsible for an important part of a country’s internet ecosystem, such as electricity utilities, mobile network operators, ISPs, internet exchange points, or a country-code top-level domain registry, must develop a resilience plan within one year of the framework’s official adoption.

The statement also mentions several past disruptions that hampered communication, such as the West Africa Cable System failure in March 2024, which cut off 13 countries for days.

They went on to explain that the plan must be evaluated and updated on an annual basis and be compatible with the entity or operator’s continuity and reconstitution plans.

It (framework) should also specify how the organisation intends to incorporate the resilience features of redundancy, resourcefulness, rapid recovery—all of which are critical components of achieving overall robustness—into its operations.

ATU has warned that every blackout is a flashing red warning, and that the framework would act as an insurance policy against outages.

“Connectivity remains Africa’s nervous system and when it stutters, schools, hospitals and markets stutter too. This framework is our insurance policy against digital darkness”, said John Omo, secretary general of ATU.

Arthur Carindal, AFRINIC’s head of stakeholder engagement, commended the institutions for their coordinated efforts.

He said: “It is a great honour for AFRINIC to collaborate with ATU and ISOC in transformative initiative enabling all stakeholders to participate in developing Africa’s internet resilience model framework, which highlights key policy recommendations and best practices for strengthening internet infrastructure in Africa.”

 


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NCC Rallies Stakeholder Support to Protect Telecom Infrastructure

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Nigerian Communications Commission (NCC) has reiterated its commitment to the full operationalisation of President Bola Ahmed Tinubu’s Executive Order on Critical National Information Infrastructure (CNII), which designates telecommunications facilities as critical national assets deserving optimal protection.

This comes on the heels of a successful mediation led by the Office of the National Security Adviser (ONSA), in collaboration with the Commission, which resulted in the suspension of a planned strike by the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA).

The strike, if carried out, would have disrupted the supply of diesel to telecommunications sites nationwide, severely affecting network operators’ ability to power their diesel-driven generators and maintain uninterrupted connectivity.

In the days leading up to the resolution, the ONSA, under the leadership of the National Security Adviser (NSA), Mallam Nuhu Ribadu, held strategic engagements with NOGASA’s leadership, with the Commission providing technical and regulatory guidance to highlight the potential implications of service disruptions on national security, the economy, and everyday life.

The discussions culminated in an agreement to call off the industrial action, averting what could have been a nationwide disruption of telecom services.

“Telecommunications infrastructure is the backbone of our connectivity and digital economy. Any disruption, whether through vandalism, accidental damage during construction work, theft of equipment, denial of access to maintenance teams, or interruptions in the supply of essential operational materials, has far-reaching implications for service delivery, economic stability, and national security,” the NSA said.

The Commission expressed appreciation to the ONSA for its leadership and dedication to protecting national assets and commended the maturity and understanding demonstrated by relevant stakeholders in recognising the national importance of telecommunications services.

Commenting on the development, the Executive Vice Chairman/Chief Executive Officer of the Commission, Dr. Aminu Maida, stated: “We will continue to enforce strict compliance by our licensees with technical standards for the deployment and maintenance of telecommunications infrastructure, while working closely with relevant stakeholders to strengthen awareness and cooperation on their protection.

“We also recognise mediation as an effective tool for building consensus among stakeholders. This resolution underscores the importance of dialogue in preventing avoidable service disruptions. Ultimately, we call on all Nigerians to regard telecom infrastructure as a shared national asset, one that underpins our ability to connect with loved ones, transact businesses, access healthcare, pursue education, and participate in the global digital economy.”

The Commission reaffirmed that it would continue to coordinate with security agencies, industry stakeholders, and the public to ensure that Nigeria’s telecommunications infrastructure remains protected, resilient, and reliable for all.


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Nigeria’s Internet Subscriptions Dip Slightly in June, But Data Demand Hits New High

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Active internet subscriptions across mobile, fixed, and VOIP networks in Nigeria dropped to 141.1 million in June, representing a 0.3% decline from the 141.5 million recorded in May, according to the latest statistics from the Nigerian Communications Commission (NCC).

Mobile network operators MTN, Airtel, Globacom, and 9mobile maintained their dominance with a combined 140.6 million subscriptions, leaving Internet Service Providers and others with 528,633 subscriptions at the end of June.

Despite the slight drop in subscriptions, data consumption continued to grow. Nigerians used 1.044 million terabytes of data in June, marginally higher than the 1.043 million terabytes recorded in May, which had been the highest monthly usage since January 2023.

Telecom operators say this surge in data usage is driven by the rapid growth of Nigerian cities, especially Lagos, where more people, businesses, and devices are fueling record bandwidth consumption. In response, operators are expanding capacity to meet the rising demand.


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