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#VPTourOfTech: NITDA Is Paying Close Attention

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By Isa Ali Ibrahim Pantami, PhD

 

When the Vice President of the Federal Republic of Nigeria, Professor Yemi Osinbajo SAN, gave his steering speech at the 2016 e-Nigeria International Conference and Exhibition, emphasising the point that the President Buhari administration is set to reset Nigeria’s economic architecture by diversifying from oil dependency and leveraging on ICT as a critical contributor to the economy, some people felt it was the usual talk by political leaders, without any intention to bring the vision to fruition.

 

But events have come to prove that real change is happening in the way government is engaging with Tech.

 

In 2017, Mr President himself attended the e-Nigeria International Conference and Exhibition to give his scorecard on support for the Information Technology sector and his plans for its further development.

 

It was therefore not a surprise when I received the mail that I was to join His Excellency the Vice President (VP) for a tour of the Innovation Hubs in Lagos.

 

Although NITDA through its Office for ICT Innovation and Entrepreneurship (OIIE) embarked on a similar trip in November 2017, having to accompany the VP is something special.

 

The purpose of the visit was to gain first-hand knowledge of the innovation ecosystem.

 

The Honourable Minister of Science and Technology, Dr Ogbonaya Onu, was also on the VP’s entourage.

 

This was not a regular official function, it was not a time of talking and lecturing the citizens about what government has done or not done; it was a time to LISTEN.

 

Indeed we listened to our young, vibrant, passionate and highly motivated youths. They demonstrated to us that the best of Nigeria is yet to be unveiled.

 

It was a tour that gave hope to all. The young people saw in the government team, a breath of fresh thinking.

 

They did not see the grand-standing and disruptiveness that such a visit would have caused in the past.

 

They remained at their work, coding, some were eating some were taking selfies with the VP. It was such a joy to see the glee on everyone that day.

We listened to the Paystack story, how Shola and Ezra began a quiet revolution in payments processing back in 2014.

 

Paystack has now become one of the most efficient payment processors in the country.

 

Many did not pay attention to Andela until Mark Zuckerberg announced an investment in the Startup.

 

Andela set out to solve the problem of top-class IT skills gap in Africa and the world.

 

Andela recruits interns after a rigorous process in which less than 1% of over 70,000 scale through.

 

The interns then go through a six-month intensive bootcamp that sharpens them to become world-class.

 

The energy, intelligence and zeal of the over 500 strong office of young people in T-shirts and Jeans is enthralling.

 

Sulyman, the VP Global Operations, gave the visitors an expose on the business model, opportunities and challenges of Andela.

 

Flutterwave is sited in a bunker-like structure. This company was founded by a team of ex-bankers, entrepreneurs and engineers.

 

In less than two years of its founding this payment gateway has processed transactions valued over $2 billion and has over 45,000 merchants.

 

Time would fail me to talk about Autogenius, Carido, Asoko Insight, Branch.

 

These are startups that provide solutions ranging from auto-mechanics, micro insurance, micro loans, corporate intelligence etc.

 

Indeed the Nigerian genius is unleashed and we at NITDA are paying close attention.

 

We visited 6 places and listened to 14 Startups tell us what they do.

 

FarmCrowdy solves the problem of under-utilized arable farm lands, help farmers access capital, help people invest in agriculture without owning a farm and everybody gets a share of the profit.

 

That is amazing indeed. At Africa Fintech Foundry (AFF) operated by Access Bank Plc.

we saw an organisation getting itself ready for the new face of banking and finance.

 

The final stop was at Co-Creation Hub, Yaba.

 

This pioneering beehive of innovation is not resting on its oars.

 

Cc-Hub is giving Nigeria its first home-grown cyber-security platform called Safe-Online.

 

In the same place we met Re-Learn, a Startup that is working to transform difficult educational concepts into funny cartoons.

 

We spoke with the Managing Partner of Growth Capital, Tunji Eleso who told us how they are helping fund innovations of Nigerians by Nigerian investors.

Throughout the tour, I as the Director General/CEO of the National Information Technology Development Agency(NITDA)paid very close attention and took notes copiously.

 

I noted the opportunities and challenges of the sector as well as the impact or gap of our interventions as an Agency of Federal Government.

 

Since we came on-board, I had often reiterated my resolve to impact the ‘Forgotten Ones’ in the tech ecosystem.

 

By this I mean the enterprising Startups, the Women, Children and small enterprises.

 

One of the things we did was to reposition OIIE not as a competitor with the Hubs, rather to be a facilitator and policy compass to ensure the sector got all what it needed to grow.

 

In this regard, we prepared a draft of the Nigerian ICT Innovation And Entrepreneurship Framework(NIIEF).

 

The objective of the Framework is to cast a vision for the ICT innovation ecosystem, identify the stakeholders, define critical roles of NITDA in their development and responsibilities of all stakeholders.

 

A stakeholders’ engagement was held in the 4th quarter of 2017, where representatives of the Hubs, Academia, States and Federal Government all made inputs to the Draft.

 

The Draft was further scrutinized at the recently organised I4Policy Hackathon held in Lagos and Abuja.

Inputs of stakeholders have been taken and would continue to be until we have a document fit-for-purpose.

 

 

The IT Projects Clearance function of NITDA has also become a veritable instrument to empower Startups in Nigeria.

 

The Committee has been gathering data to identify IT projects that can be reserved for the small-scale tech companies.

 

Our goal is to engage the relevant Agencies to find a way to reduce the entry barrier for young people to bid and win government contracts in areas they have shown relative competence.

 

Also, we have insisted on local content where such capacities exist. Another initiative we are experimenting at NITDA is to match Startups and Hubs with successful winners of our project bids.

 

This has proven successful in some of our programmes and projects as the young innovators bring agility and fresh-thinking to the process while getting experience and finance.

 

We would ensure this programme continues and grows to become a model for implementing IT and other projects in Nigeria.

 

Indeed, the creative zeal and passion of the Nigerian youth has caught the attention of the world and President Muhammadu Buhari’s administration is paying close attention and giving the necessary support without disrupting the disruptors.

 

 

 


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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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Top Nigerian Startups Secure Funding Boost @ iHatch Demo Day Awards

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Nigeria’s startup ecosystem received a fresh injection of momentum as top emerging ventures secured funding and investor attention at the iHatch National Demo Day, where Interface Africa clinched the highest prize of $15,000.

The 4th cohort of the NITDA–JICA-backed accelerator brought together founders, policymakers, and venture stakeholders in Abuja, showcasing innovations ranging from clean-energy financing and digital food marketplaces to next-gen fintech tools.

The startups went rounds of running through state-level selections and regional competition. iHatch was established in 2021 as a strategic partnership to create an enabling environment for young Nigerians to develop and scale their innovative solutions.

The iHatch National Demo Day (4th Cohort), is an initiative by NITDA and JICA which provides a clear pathway for homegrown talent to contribute significantly to economic diversification and digital transformation.

After rigorous selection processes, the top founders converged to pitch their innovations, recognised the standout performers, which are:

Interface Africa with $15,000, the firm is driving Nigeria’s clean energy transition by enabling structured and affordable solar financing.

Ahioma with $12,000, the firm enhances food accessibility with a digital marketplace connecting consumers directly to trusted vendors.

Linia Finance with $10,000, the firm is helping Nigerians take control of their finances with tools for budgeting, tracking, and smart money planning.

Chapta got a laptop reward. They delivering an offline-capable school application ensuring consistent, accessible learning for students everywhere.

Softdrop also got a laptop reward, they solve logistics challenges through a modern delivery platform designed for speed, convenience, and efficiency.

 


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Fidelity Bank to Host Virtual Masterclass on New Tax Law

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Fidelity Bank Plc, a leading financial institution, will host a free virtual training on the Nigeria Tax Act 2025 (NTA) as part of its commitment to helping small businesses prepare for the upcoming legislation.

Fidelity Bank to Host Virtual Masterclass on New Tax Law

Fidelity Bank

The masterclass is scheduled for 10:00 AM (Nigerian time) on Friday, 12 December 2025. It will provide participants with clear insights into changes in the tax framework, the impact on income and business operations, and practical steps to avoid penalties in 2026.

Attendees will also learn strategies to stay ahead in an evolving regulatory environment.

The Nigerian government enacted major tax reforms on 26 June 2025 when President Bola Ahmed Tinubu signed four tax bills into law.

These Acts will take effect on 1 January 2026 and represent a significant overhaul of the country’s tax system.

The reforms aim to modernize and harmonize Nigeria’s tax framework, improve revenue generation, broaden the tax base, and create clearer rules for individuals, businesses, and government agencies.

“Our decision to host this masterclass reflects our commitment to empowering businesses with the right information ahead of the commencement of the new tax regime.

“Information is money and a well-informed business owner is already steps ahead in the race to success.

“This is why we are bringing experts to provide accurate details and demystify the tax act,” said Osita Ede, Divisional Head, Product Development, Fidelity Bank Plc.

Interested participants can register via https://bit.ly/2026TaxLawMasterclass .


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PalmPay MD Seeks Deeper Financial Inclusion @ CeBIH Annual Conference 2025

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L-r: Chika Reginald Nwosu, Managing Director, PalmPay; Tunde Ogundipe, Co-Founder & Chief Executive Officer, E-Doc Online; Emezino Afigbe, Head, Gender Center for Excellence, Enhancing Financial Innovation and Access (EFInA); Ronke Kuye, CeBIH Advisory Council; Dr. Badamasi Lawal, CEO National Social Investment Program; Uche Uzoebo, Chief Executive Officer, Shared Agent Network Expansion Facilities (SANEF); Dominic Wadongo, Chief Risk Officer, SmartCash Payment Service Bank, Nigeria, at the CeBIH Annual Conference recently.
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PalmPay, Nigeria’s leading digital banking platform, has renewed its commitment to deepening financial inclusion across the country. At the CeBIH Annual Conference 2025, themed “Reimagining Financial Inclusion through Cultural Shifts in Consumer Credit,” PalmPay’s Managing Director, Chika Nwosu, urged industry players to deepen financial inclusion by embracing community-aligned solutions and customer-centric innovations that can better serve Nigeria’s underserved and unbanked populations.

Speaking during a panel session titled “Social Inclusion, A Veritable Tool for Financial Inclusion,” Chika Nwosu joined other industry leaders to share insights on strengthening participation among women, rural dwellers, low-income earners, and other financially excluded groups.

Chika Nwosu highlighted PalmPay’s commitment to inclusive finance through its 500,000-strong agent network, which enables seamless cash-in/cash-out services for unbanked users across Nigeria. He also emphasised the importance of PalmPay’s USSD platform, 861#, which allows users with basic phones or limited internet access to perform essential financial transactions.

“Financial inclusion goes beyond access; it must be equitable and tailored to real-life needs,” Chika Nwosu said. He shared how PalmPay leverages behavioural insights to design impactful services, including affordable health insurance, reliable bill payments, merchant solutions, and automated savings features that support financial discipline among users.

The session further examined the role of grassroots agents and community touchpoints in driving last-mile adoption. Chika Nwosu noted that PalmPay’s widespread community presence continues to build trust and encourage excluded populations to embrace digital financial tools.

The session was moderated by Ronke Kuye of the CeBIH Advisory Council and featured representatives from E-Doc Online, SmartCash Payment Service Bank, SANEF, and EFINA.

PalmPay reaffirmed its commitment to driving accessible, secure, and inclusive financial services for all Nigerians. 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.

Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to over 35 million app users. PalmPay has operations in Nigeria, Ghana, Tanzania, and Bangladesh.


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