E-Business
Blinken, Tony Elumelu, Rally U.S. and African entrepreneurs, investors & policymakers @U.S.-Africa Leaders Summit

About 300 entrepreneurs, investors, and celebrities took part in the opening reception for the US-Africa Leaders Summit, the investment-focused “Innovators Gathering”, honoring the influx of two-way investment and trade opportunities set to be announced at the U.S.-Africa Leaders Summit.

Founder, Tony Elumelu Foundation and Group Chairman, United Bank for Africa(UBA), Tony Elumelu, CFR; United States Secretary of State, Anthony Blinken; and Co-Founder, Tony Elumelu Foundation, Dr. Awele Elumelu, at the opening reception hosted by U.S. State Department and Tony Elumelu Foundation, at the ongoing U.S.-Africa Leaders’ Summit in Washington on Monday.
The Innovators Gathering: Investing in U.S.-Africa Cultural and Economic Ties was hosted on December 12 by the U.S Secretary of State, the Department of State’s Office of Global Partnerships, the Prosper Africa Initiative, and the Tony Elumelu Foundation.
Attendees included Secretary Blinken, Tony Elumelu, Dr A.V. Elumelu, Idris Elba, Yvonne Orji, New York City Mayor Eric Adams, Washington D.C. Mayor Muriel Bowser, and more – with virtual remarks from former President Barack Obama. All came together to celebrate and catalyze partnerships between U.S. investors and African and Diaspora innovators, influencers, and entrepreneurs.
The evening included a panel discussion themed “The Power of Investing in Africa” moderated by U.S. Special Representative for Global Partnerships, Dorothy McAuliffe, panelists included Dr. A.V. Elumelu, and Tony Elumelu Foundation entrepreneurs who shared inspiring stories of their startup journeys and the impact of the Foundation in empowering them to build, scale, and sustain catalytic businesses that have created jobs and helped eradicate poverty in their communities. According to a PWC impact report, TEF Entrepreneurs have collectively created over 400,000 direct and indirect jobs across all 54 countries in Africa.
Founder, Tony Elumelu Foundation and Group Chairman, United Bank for Africa(UBA), Tony Elumelu, CFR; United States Secretary of State, Anthony Blinken; and Co-Founder, Tony Elumelu Foundation, Dr. Awele Elumelu, at the opening reception hosted by U.S. State Department and Tony Elumelu Foundation, at the ongoing U.S.-Africa Leaders’ Summit in Washington on Monday.
The night also included a pitch competition organised by U.S. African Development Foundation and U.S. Chamber of Commerce, featuring dynamic African entrepreneurs, and a reception hosted by celebrity chef and entrepreneur Pierre Thiam.
In his remarks, Tony Elumelu shared, “I am an entrepreneur and I know the transformative power of entrepreneurship. In 2010, we started the Tony Elumelu Foundation- a platform that identifies, supports and trains young, brilliant entrepreneurs. To date, we have disbursed over $85 million to more than 18,000 young female and male entrepreneurs living across the 54 African countries, each with a non-refundable seed capital of $5,000. Additionally, we have trained over 1.5 Million African entrepreneurs, giving them world-class mentorship and business training. We have delivered effective programs to female entrepreneurs in fragile states and are now working on our intervention in the green economy.
We know we can do much more with partnerships. This is why we have convened this summit in collaboration with the U.S. State Department and other US Government agencies, to drive a global coalition, an alliance to catalyse entrepreneurship across our continent.
Mr. Elumelu further reiterated, “In the 21st century, the kind of support that Africa needs is one that moves away from aid and prioritises self-reliance, self-independence and sustainable progress”
Speaking on the panel, Dr. A.V. Elumelu highlighted the importance of entrepreneurship in building sustainable economies, particularly in Africa’s response to climate change. She said “No one will develop our economies but us. I see entrepreneurs playing vital roles in transformative sectors including healthcare, technology and the green economy. We invest in and train entrepreneurs to build sustainability, climate-conscious initiatives into their business models.”
The gathering was an important opportunity for the Biden Administration to demonstrate its support for Africa and to hear directly from African stakeholders on the development agenda needed on the continent – one that empowers, that prioritizes mutual benefit and delivers self- reliance.
Former President Barack Obama commended the U.S. Secretary of State, Prosper Africa, and The Tony Elumelu Foundation for putting together the kickoff event for the US-Africa Leaders Summit. Encouraging young African entrepreneurs, Pres Obama said “When you succeed, your country succeeds and that creates opportunity for everyone”, and to investors all over the world, he charged to “Look towards Africa, because something special is happening there”
The event kicked off the week of President Joe Biden’s U.S.-Africa Leaders Summit, held from December 13 – 15, an initiative birthed in 2014 under the administration of former President Barack Obama to demonstrate the United States’ longstanding commitment to Africa and the investment ecosystem they share.
E-Business
NITDA Takes Over National Digital Architecture System

Nigeria has taken a major step toward strengthening its digital governance framework as the National Information Technology Development Agency (NITDA) officially assumes control of the Nigeria Government Enterprise Architecture (NGEA) infrastructure.

The handover ceremony held in Abuja, marks the culmination of a high-level partnership with the Korea International Cooperation Agency (KOICA).
This transition signals a shift from fragmented IT projects to a unified, disciplined approach to national digital investment.
The NGEA initiative forms a core part of the e-Government Masterplan 2.0 (Ne-GMP 2.0), aimed at establishing a unified and structured approach to managing government IT investments and digital resources.
The framework is designed to ensure that technology deployment across public institutions aligns with national priorities while improving efficiency and accountability.
With the system now operational, government agencies are expected to adopt more integrated digital processes, allowing seamless data sharing and interoperability.
This is anticipated to reduce duplication, strengthen risk management, and translate policy objectives into measurable digital outcomes.
Over the past two and a half years, Nigerian technical experts worked closely with their Korean counterparts to develop the architecture framework, create reference models, and execute pilot programmes in key institutions.
These include the National Identity Management Commission, Nigeria Customs Service, Nigeria Immigration Service, and NITDA.
Officials say the NGEA represents a shift from fragmented digital efforts to a more coordinated, citizen-focused system.
The infrastructure is hosted by Galaxy Backbone Limited, providing a secure and reliable platform for nationwide deployment.
Looking ahead, NITDA is expected to work with government stakeholders to expand and sustain the system, while the Federal Ministry of Communications, Innovation and Digital Economy will provide policy guidance to ensure its adoption across the country.
E-Business
FG Shifting Focus to “Meaningful Connectivity” to Drive Inclusion – Minister

Bosun Tijani, minister of Communications, Innovation and Digital Economy, has said the government is shifting focus from expanding access to ensuring “meaningful connectivity” that drives economic growth and inclusion.

Bosun Tijani, minister of Communications, Innovation and Digital Economy
The minister made the statement on Friday while addressing stakeholders at the inauguration of board members of the Universal Service Provision Fund (USPF) in Abuja.
He said that although Nigeria had made significant progress since the introduction of GSM services, millions of people, particularly in rural and underserved communities, remain either unconnected or unable to fully benefit from digital services.
Dr Tijani highlighted ongoing investments in digital infrastructure, including plans to deploy 90,000 kilometres of fibre optic network and nearly 4,000 telecom towers nationwide.
He said initiatives under the USPF had improved access through projects such as rural connectivity and digital facilities in schools but stressed that the next phase must prioritise effective usage.
“It is not enough to connect a community. We must ensure that schools can teach with digital tools and that small businesses can access market opportunities,” he said, citing a pilot project in the Kura community where connectivity has enhanced access to communication, education and healthcare.
Aminu Maida, executive vice chairman, Nigerian Communications Commission (NCC) also called for a shift towards meaningful connectivity, noting that while data usage had grown significantly, it remained concentrated in urban areas.
According to him, recent data shows that telecom usage has increased by about 160% over the past two years, largely driven by urban demand.
“When we drill down, we see that a lot of that growth is actually in urban centres. So, the gap between those who are not connected or not meaningfully connected is growing,” he said.
Dr Maida added that the trend underscored the need for the USPF board to intensify efforts to bridge both access and usage gaps across the country.
Both officials emphasised the importance of collaboration, sustainable investment models and improved digital literacy to ensure that connectivity translates into real economic benefits for Nigerians.
E-Business
Jury Finds Meta, Google Liable for Woman’s Social Media Addiction

A jury in Los Angeles has found technology companies, Meta and Google liable for contributing to a young woman’s social media addiction, in a case being described as a landmark ruling.

The 20-year-old woman, identified only as Kaley, argued that she became addicted to Google’s YouTube and Meta’s Instagram from an early age due to their attention-driven design features.
According to her testimony, she began using YouTube at the age of six after downloading the app on her iPod Touch to watch videos about lip gloss and online games.
Kaley told the court that she joined Instagram at nine, bypassing parental restrictions put in place by her mother, and spent extended periods on social media.
The trial, which lasted about a month, with arguments and evidence from both sides.
Jurors also heard testimony from Mark Zuckerberg, chief executive, Meta and Adam Mosseri, Instagram head.
However, Neal Mohan, YouTube chief executive, did not testify.
The jury found that the companies were negligent in the design of their platforms and failed to adequately warn users about potential harms. Meta and Google were ordered to pay the woman $3 million in damages.
Jurors also recommended additional punitive damages, including $900,000 against YouTube and $2.1 million against Meta, according to company spokespersons.
The jury apportioned 70 per cent of the responsibility to Meta and 30 per cent to YouTube.
Kaley was present in the courtroom when the verdict was delivered, alongside parents of other teenagers who say they were harmed by social media use. Both companies said they plan to appeal the decision.
“We respectfully disagree with the verdict and will appeal. Teen mental health is profoundly complex and cannot be linked to a single app. We will continue to defend ourselves vigorously as every case is different, and we remain confident in our record of protecting teens online”, a Meta spokesperson said.
José Castañeda, Google spokesperson, said the case misunderstands YouTube, which is a responsibly built streaming platform, not a social media site.
E-Financial3 days agoBreaking…..Kuda Lays Off Many Employees in Broad Restructuring
Telecom3 days agoGoogle Rolls Out Search Live AI to 200+ Countries, Including Nigeria
E-Financial3 days agoCBN Bars Chronic Loan Defaulters from Accessing Loans
E-Financial3 days agoNDIC Insures 99 Percent of Bank Customers
E-Business3 days agoFG Shifting Focus to “Meaningful Connectivity” to Drive Inclusion – Minister
General News2 days agoAnti Graft Agencies Raise Alarm over Rising Crypto-Linked Financial Crimes
E-Business2 days agoNITDA Takes Over National Digital Architecture System
E-Financial15 hours agoCBN bars large‑ticket loan defaulters from banking services in tough new crackdown



















