Telecom
WWW Day Celebration: Stakeholders Urge Youths to Leverage Internet for Productivity
Youths in Nigeria have been urged by stakeholders in the country’s Information and Communications Technology sector to leverage the Internet and be productive in their various field of endeavor, rather than Internet scam, which many people refer to as ‘Yahoo Yahoo’.
Cross photograph of panel members at the event
The stakeholders, while speaking at the World Wide Web Day conference, organized by the Center for Cyber Awareness and Development (CECAD) in Lagos, argued that the Internet presents a better opportunity for the youths to make a lot of money, without resulting in defrauding people.
For them, the Internet has completely transformed lives on an individual basis in many ways, ranging from the way we communicate through the way we socialize to the way we shop, travel and even do business. Thus, there is no need to be involved in fraudulent activities on the basis of the Internet.
Citing cases of young Nigerians making good money as a result of the opportunities the Internet presents, Mr. Frank Donga, an actor and tech enthusiast, disclosed that he is aware of many young Nigerians who are making a lot of money in foreign currencies.
He explained that most of these Nigerians work for companies outside the country from the comfort of their homes.
“It is irritating when people talk of young Nigerians making money from scams. The real money is made from young Nigerians, who are creative in their mind, developing content and post on Youtube,” he said.
Mr. Frank disclosed of a certain young man in Ibadan, Oyo State capital, who is working for a company outside and receives a lot of money as salary every month, stressing that the world of the internet is vast, growing more and more by the day with people making good money.
According to him, success is all about knowing how to be productive as successful people are great at their jobs, but continuously learn and expand their interests.
This is what is lacking among the youths as they want to make it through the fast lane, which at the end of the day is not always the best.
The Internet is an enabler. With policymakers and regulators putting efforts to have grown broadband penetration from 6 percent in 2015 to 45.02 percent at December 2020, indicating that 85.9 million Nigerians are now connected to 3G and 4G networks, which provide enhanced high-speed Internet that has continued to boost efficiency and increase productivity across the economic spectrum. Young Nigerians have no more excuses than to leverage.
“The point is the Internet has given opportunities for emerging technologies, which can help businesses, individuals and even the government to thrive. But the fact remains that such individual or business must innovate,” said Tinuade Oguntuyi of ICSL at the conference with the theme ‘Creating Opportunities for a new African Digital Economy.
Tinuade wondered the attraction behind the Internet scam, when young people all over the world are capitalizing on the Internet to create solutions that are solving societal challenges in the field of health, education, entertainment and even financial services.
She noted that what just needs to be done by the government is to create an enabling environment that will encourage the creation of jobs and other opportunities for the youths.
The World Wide Web celebration was organized by the Centre for Cyber Awareness and Development (CECAD) as part of the global celebration to review the growth of the Internet, which has led to the development of digital technologies helping to transform the economy of the world in several ways, such as reducing information and transaction costs, creating new collaborative models to increase the efficiency of workers, promoting innovation and improving education and developing societies.
Speaking earlier in his welcome address, Dr. Bayero Agabi, National Coordinator of CECAD, explained that the World Wide Web Day is a global celebration dedicated to web browsing, online activity that brings a wealth of knowledge to people and societies.
He disclosed that the day was set aside as a chance to celebrate the way the internet has created an environment for collaboration and business growth while also taking a deeper look into its evolution over the past three decades since its invention by Sir Tim Berners-Lee.
At the Nigeria event celebration, stakeholders took a look at policies to grow the space and the Nigeria information society through creating a sustainable digital economy.
“Today’s event provides an opportunity to deliberate on the impact of the internet, review its usage in terms of security, entrepreneurship and innovation across all sectors including entertainment, governance, business transaction, tourism and many more,” Dr. Bayero said, adding that CECAD as a Non-Governmental Organisation believes the Nigeria version will chronicle the impact of the internet, best ways to use the internet for good and economic development, its impact on the media, business, governance, youth empowerment and entrepreneurship.
The World Wide Web celebration was well attended by stakeholders from the various sectors of the economy, which is being impacted by the Internet in one way of the other.
Personalities in attendance either physical or virtual include the Director-General of National Identity Management Commission (NIMC), Engr. Aliyu Aziz, Managing Director Galaxy Back Bone Limited (GBB), Prof. Muhammed Bello Abubakar, President Nigeria Computer Society (NCS), Prof. Adesina Sodiya, President of ATCON, Engr. Ikechukwu Nnamani, Former President NCS, Alhaji Ladi Oguneye, Chief Executives of IT companies and other relevant stakeholders.
The need for Nigeria to think outside the box in its need to drive towards global relevance with innovations and scientific developments will be on the front burner at the NITRA Innovative & Scientific Conference scheduled to hold on Thursday July 23, 2026 in Ikeja, Lagos.
NITRA
The Nigerian Communications Commission (NCC) will lead other delegates to discuss and take far-reaching decisions at the event, which has its theme as “Bridging Nigeria’s Digital Divide With Scientific Innovation”.
Other companies that have indicated interest in partnering with NITRA include mobile communications company, Tecno; Africa’s premier end-to-end AI solutions company, Hyperspace; and telecommunications data infrastructure company, Digital Realty.
Speaking on the proposed event, the Chairman, Nigeria Information Technology Reporters Association (NITRA), Chike Onwuegbuchi noted that the event will seek to create a platform for government and private organisations to deliberate on policies around scientific innovations in Nigeria, challenges, place of indigenous and foreign collaboration, roles of each stakeholder, and grassroots development in that regard, among others.
According to him: “The Federal government, with series of programmes and partnerships, has established the urgent need to create an ecosystem that thrives on scientific innovation, breeding institutions and individuals with a target of placing the country at the fore-front of Next-Gen development.
It is a known fact that digital and scientific innovations are crucial, not only to the survivability of a nation, but also to the sustainability of its growth and development, with significant effect on economic strength, global image, defense and security, government capabilities to function, and public health and safety, communication and digital footprint, among others.
The federal government is actively driving scientific innovation to foster economic diversification and build a $1 trillion economy by 2030. Efforts are heavily focused on commercializing research, establishing massive research funds, and funding strategic infrastructure, particularly in technology, biotechnology, and healthcare. Core government initiatives and policies include the newly instituted National Research and Innovation Development Fund (NRIDF), which aims to mobilize about $500 million annually to support research and the commercialization of scientific outputs; and the Nigeria Genomic City, a multi-ministerial initiative aimed at transforming Nigeria into a leading hub for genomics, precision medicine, and biotechnology. It is designed to protect indigenous data, stimulate artificial intelligence in health, and develop a highly skilled scientific workforce.
According to the General Secretary of NITRA, Mr. Chidiebere Nwankwo, the forum will also be a vehicle to propagating the views of decision makers to the public, thereby furthering the cause of public awareness and information dissemination on the topic.
The focus, he said will be on how Nigeria can sustain digital innovative growth and scientific development in Nigeria
The board of global payments company, PayPal, says a 53 billion dollars takeover offer from financial technology firm, Stripe, and private equity company, Advent International, does not adequately reflect the company’s long-term value.
PayPal
According to reports, the proposed acquisition, valued at 60.50 dollars per share, remains under consideration, with the board yet to formally respond to the offer.
The directors are said to be evaluating not only the financial value of the proposal but also the structure of the financing, the timeline for completing the transaction and the likelihood of obtaining regulatory approvals.
They are also considering the possibility of competing bids emerging.
Although the offer represents a premium of about 28 per cent above PayPal’s recent share price, the board believes the company could deliver greater value to shareholders if its ongoing turnaround strategy succeeds.
Following reports of the bid, PayPal shares gained about two per cent to close at 56.73 dollars.
Sources familiar with the discussions said Stripe and Advent have secured approximately 50 billion dollars in debt financing from JPMorgan and Morgan Stanley, while both firms would jointly contribute 17 billion dollars in equity.
Under the proposal, the two companies would jointly own PayPal instead of dividing its operations.
PayPal, Stripe, Advent International, JPMorgan and Morgan Stanley have all declined to comment on the proposed transaction.
The discussions come as PayPal seeks to strengthen its business after years of increasing competition from rivals including Apple Pay, Google Pay and emerging financial technology firms.
The company, which was valued at about 360 billion dollars in 2021, now has a market capitalisation of approximately 36 billion dollars.
Since assuming office as Chief Executive Officer in March 2026, Enrique Lores has embarked on a restructuring programme aimed at improving operational efficiency and restoring growth.
The restructuring includes the creation of three business divisions comprising Checkout, Venmo and Consumer Financial Services, and Payments and Crypto.
The company is also targeting 1.5 billion dollars in cost savings through the deployment of artificial intelligence technologies.
PayPal’s latest financial results indicated signs of recovery, with first-quarter revenue rising seven per cent year-on-year to 8.35 billion dollars, while total payment volume increased by eight per cent to 464 billion dollars.
If approved, the transaction would combine two of the world’s largest digital payments companies.
The combined business would process an estimated 3.7 trillion dollars in annual payment volume, significantly strengthening its position in the global online payments market.
However, analysts expect the proposed acquisition to face intense regulatory scrutiny because of the companies’ combined market share in merchant payment services.
To address possible antitrust concerns, the bidders have reportedly considered options, including separating PayPal’s Braintree business or other assets if required by regulators.
Sources said Stripe and Advent remain interested in pursuing the acquisition despite the board’s reservations, although negotiations are expected to continue.
Market observers are also awaiting PayPal’s earnings report scheduled for July 28 for further indications of the company’s financial recovery and future growth prospects.
Concerns over network reliability and its impact on Nigeria’s growing creator economy took centre stage at MTN Nigeria’s Data on Trial event, where content creator and streamer, Jarvis, challenged telecommunications operators to improve connectivity for digital creators.
Speaking during the event, Jarvis asked whether there were locations in Nigeria where uninterrupted internet connectivity could support real-life (IRL) streaming without network disruptions.
“Are there places where there is no breakage when streaming IRL?” she asked.
Her question highlighted the challenges faced by content creators who depend on stable internet services for live streaming, content uploads and real-time engagement with audiences.
Responding, MTN Nigeria’s Chief Technical Officer, Mr Yahaya Ibrahim, said network performance depends on several factors, including location, network coverage, device capability and the number of users connected to a particular base station.
He noted that operators continue to invest in expanding network capacity to meet the growing demand for data services.
Earlier, MTN’s General Manager, Network Performance and Quality Assurance, Mr Michael Ndukwe, explained the evolution of mobile network technology in Nigeria, from first-generation (1G) services to the current fifth-generation (5G) technology.
According to him, each phase of technological advancement has significantly increased network capacity and enabled new digital services.
Ndukwe cited Nigerian Communications Commission (NCC) data showing that Nigerians consumed about 13.2 million terabytes of data in 2025.
He added that data usage reached approximately 4.06 million terabytes in the first quarter of 2026, reflecting the country’s increasing reliance on digital platforms and online services.
According to him, the growth is being driven by wider adoption of 4G and 5G networks, increased smartphone penetration, the proliferation of smart devices and expanding use of social media platforms.
Participants at the event noted that as more Nigerians build businesses and careers around digital content, access to reliable and high-speed internet has become critical to sustaining the country’s digital economy and creator ecosystem.
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