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Ten Business Nuggets for a Startup to Succeed

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L-R: Tunde Coker, MD, Rack Centre, Francisca Iloezuma, Product Manager, Domains and Support Services, Upperlink, and Chukwuemeka Fred Agbata Jnr, CFA, Convener of the CFA's Startups Hangout, at the 19th edition of CFA's Startups Hangout, held at the GoDoHub premises at 53, Oladipo Bateye Street, GRA, Ikeja, on Thursday, July 4, 2019. Tunde Coker was the speaker of the event, while his company, Rack Centre and Upperlink, were two of the companies that sponsored the event.
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By Wale Oguntokun,
It was all, series of dissemination, of highly valued nuggets, garnered from over 30 years of international entrepreneurial experience in Europe, USA, Asia and Africa, passed on by Tunde Coker, MD, Rack Centre, to the attendee start-ups.
This was at the 19th edition of CFA’s Startups Hangout that took place at the premises of GoDoHub, 53, Oladipo Bateye Street, GRA, Ikeja, on the evening of Thursday, July 4, 2019.
Speaking to the start-up attendees at the event, Tunde advised them, not to make themselves indispensable because it will never make them to grow. “Making yourself indispensable, is the beginning of your becoming irrelevant because, you will never grow. You should rather, develop and show value because, then, you tend to be respected and grow”, he explained.
Tunde stressed that, innovation is not only about building an app, but it is about doing something in a new and simplified way. “You don’t necessarily have to complicate things, to innovate. Simplifying things, is the key, in the process of innovating”, he emphasized.
On business relationships, Tunde advised the start-ups to build sustainable relationships because, over time, your contacts will be useful to them. He drew this conclusion, from the experience he had with relating well with someone when he was working in Europe, whom, he was able to bring over to Nigeria to work on an important project for Intercontinental Bank, when he was working there in Nigeria. ” Cherish relationships with a passion because, they are the ones that make you successful; your family, your staff, your clients, etc”, he opined.
Below are 10, out of the numerous nuggets that Tunde passed on, to the start-ups at the event:
(i) Pay attention to details. It speaks to everything about you as a start-up.
(ii) Maintain quality standards, beyond what your competitors can offer.
(iii) Be passionate about customer experience.
(iv) You have to take the tough decisions, when necessary – know when to shut down the business, when necessary, etc. You have to know when to reinvent yourself.
(v) Impossible is somebody else’s idea of what possible. It is better to say, ‘let’s figure it out’. Then, you can think things through.
(vi) Develop the right processes for your start-up, as this enables you to ease your operations and deliver on your promises to your clients.
(vii) On getting funding for your start-up, you have to be authentic and have integrity, as well as pay attention to details. Those are some of the important qualities that your potential investors are looking for, in you.
(viii) On unfavourable government policies, you need to understand the environment in which you find yourself and know who to meet and when to influence the policies, to suit your long-term needs.
(ix) Protect your intellectual properties, (IP), and take it one step ahead of every other person. Have non-disclosure clauses, in all the agreements and contracts that you sign, in order to protect you.
(x) Collaborate because, you don’t know it all and you can’t do it all. It is better to have 10% of a billion, than to have 100% of one!!!
Rack Centre is Africa’s Edge Data Centre, with track record of global recognition for excellence, heterogeneous ecosystem of leading cloud platforms, with over 30 major local carriers and ISPs connected.
Francisca Iloezuma, Product Manager, Domains and Support Services, Upperlink, made a presentation at the event, to promote the products of Upperlink to the attendee start-ups. Upperlink is one of the sponsors of the 19th edition of CFA’s Startups Hangout. Other sponsors include Rack Centre, Remita, Swift Networks, Zinox, VoguePay, .ng (NiRA), AskAnExpert and GoDo.ng.
Giving the vote of thanks, Chukwuemeka Fred Agbata Jnr, CFA, the Convener of the CFA’s Startups Hangout, thanked the speaker, Tunde Coker, for finding time to attend the hangout, out of his busty schedule and the brilliant delivery of his experiences to the attendees start-up attendees. He also thanked the attendee start-ups for gracing the occasion with their presence and praised their zeal to learn from those who have successfully passed through the path that they are now passing through. CFA, also, thanked the sponsors of the event for their continuous support.
CFA’s Startups Hangout is a forum where start-ups gather from time to time, to learn from seasoned, successful entrepreneurs and corporate executives, with a view to learning how to grow their businesses, as well as networking and synergising with one another, in order to deepen the sustenance of their ventures, while adding value to the economy in general.
The 20th edition of CFA’s Startups Hangout, also, promises to be exciting, educative and enlightening to the attendee start-ups. Watch out for announcements on it here

Tunde Coker, MD, Rack Centre, passing on one of his nuggets, as speaker at the 19th edition of CFA’s Startups Hangout, held at the GoDoHub premises at 53, Oladipo Bateye Street, GRA, Ikeja, on Thursday, July 4, 2019

L-R: Wale Oguntokun, Director, Digital City Tech Media Services Limited, Francisca Iloezuma, Product Manager, Domains and Support Services, Upperlink, Tunde Coker, MD, Rack Centre, Chukwuemeka Fred Agbata Jnr, CFA, Convener of the CFA’s Startups Hangout, Adeola Raji, Technical Support Department, Upperlink and Kele Nwankwo, Executive Assistant, Rack Centre, at the GoDoHub premises at 53, Oladipo Bateye Street, GRA, Ikeja, on Thursday, July 4, 2019


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Stakeholders Demand Stronger Governance and Infrastructure to Drive Tech Adoption @ Lagos AI Summit

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As AI adoption accelerates across Nigeria, leaders at the “AI in Action Now” conference 2026 have called for a balance between rapid innovation and strict regulatory governance. The event, held at the Lagos Oriental Hotel, highlighted both the doggedness of Nigerian builders and the risks of unregulated data usage.

Dotun Adeoye, Co-Founder of AI Nigeria, raised alarms over “Shadow AI”, a trend where employees upload sensitive official documents to public AI platforms. He praised the Nigerian Data Protection Commission (NDPC) for its recent aggressive stance, including multi-million-dollar fines against major banks and social media brands.

“Innovation without governance is dangerous. The regulator now has the job of educating players. We are working in partnership with them to ensure players don’t just get fined, but actually understand how to protect data locally rather than storing it abroad, ” Adeoye noted.

Addressing issues of lack of infrastructure to carry AI adoption, Conference Convener Debola Ibiyode admitted that while Nigeria lacks the traditional foundation for AI adoption, the tech community cannot afford to wait.

“The simple answer is we don’t have the infrastructure, but Nigeria has never really had infrastructure to drive anything, and we still thrive, ” Iboyode said, encouraging students and builders to look beyond current limitations. “Once we start to build based on what we have now, it will encourage those who need to provide the infrastructure to do their part. The world will not wait for us,” she insisted.

To bridge this gap, she highlighted the AI Foundry Africa, an incubator designed to mentor ideas into market-ready products.

Meanwhile, speaking to journalists on the sidelines, Biodun Ogunleye, the Lagos State Commissioner of Energy and Mineral Resources, echoed the sentiment that the government’s role is to facilitate the right environment through partnership. He emphasized that data generated from interactions with the government must have long-term value.

“We must ensure that in all facets from production to interaction with government, the tools required to ensure data has value are appreciated,” Ogunleye stated.

He concluded that through private-sector collaboration, the government can focus on its primary functions while leveraging AI to ensure the nation aspires for the future.


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35 Million Nigerians Face Acute Hunger in 2026, UN Warns

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About 35 million Nigerians face acute hunger risks in 2026, including three million children battling severe malnutrition, the United Nations has warned, attributing the crisis to collapsing global aid budgets and escalating violence in the northeast.

35 Million Nigerians Face Acute Hunger in 2026, UN Warns

UN Resident and Humanitarian Coordinator Mohamed Malick Fall disclosed this on Thursday during the launch of the 2026 humanitarian plan in Abuja, noting that the traditional foreign-led aid model proves unsustainable amid Nigeria’s escalating needs.

He highlighted dire conditions in Borno, Adamawa and Yobe states, where over 4,000 people perished in the first eight months of 2025 from surging suicide bombings and attacks—equalling the entire previous year’s toll.

The UN now targets $516 million to deliver lifesaving aid to 2.5 million people this year, a sharp drop from 3.6 million in 2025 and half of prior levels, forcing prioritisation of only the most critical interventions.

Fall stressed, “These are not statistics. These numbers represent lives, futures and Nigerians,” as shortfalls last year compelled the World Food Programme to halt support for over 300,000 children after resources dried up in December.

Yet, Fall acknowledged Nigeria’s increasing national ownership, including local funding for lean-season food assistance and proactive flood early-warning systems, signalling a shift toward self-reliant crisis response.


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NITDA Commits to Digital Inclusion for Persons with Disabilities

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The National Information Technology Development Agency (NITDA) has reaffirmed its commitment to inclusive digital development following the completion of a two-day digital literacy training for persons with disabilities (PWDs) in Abuja.

The programme, organised under NITDA’s Digital Literacy for All (DL4ALL) initiative, the programme trained 50 participants in practical digital skills to enhance their participation in Nigeria’s expanding digital economy.

In his remarks, the Director-General, Kashifu Inuwa CCIE, stated that the programme reflects the agency’s determination to ensure accessibility remains a core component of national digital transformation efforts.

He explained that genuine digital advancement cannot be realised without the inclusion of persons with disabilities, adding that millions of Nigerians remain constrained by limited access to accessible and inclusive digital platforms.

“In many cases, the problem is not the absence of digital tools but the lack of accessibility. Platforms that do not support assistive technologies, non-captioned content and inaccessible websites effectively shut people out and limit opportunities,” he added.

Inuwa further explained that the initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises inclusivity as a driver of national development. He stressed that persons with disabilities should be recognised as active contributors to economic growth rather than dependants.

“When equipped with the right skills and technologies, persons with disabilities become innovators, entrepreneurs and professionals who contribute meaningfully across sectors,” he added.

He acknowledged the role of Inclusive Friends Association (IFA) and SIMBED in delivering the training, describing the collaboration as a model of how government and civil society partnerships can advance inclusive development.

Highlighting NITDA’s broader digital literacy drive, the Director-General said the DL4ALL programme is a key component of the agency’s Strategic Roadmap and Action Plan, which targets 70 per cent digital literacy by 2027 and 95 per cent by 2030.

He explained that the initiative operates through three main tracks: an informal sector programme that has trained more than 480,000 Nigerians across 30 states and the Federal Capital Territory since September 2024; an education sector programme focused on embedding digital skills into learning institutions; and a workforce readiness programme designed to strengthen digital competence in both public and private sectors.

“This programme is not merely a pilot. It is proof that inclusive and intentional training works, and that persons with disabilities can excel when given equal opportunities,” Inuwa stated.

Also speaking, the Managing Director and Chief Executive Officer of SIMBED, Mr Daniel Onunkwo, described the training as a significant step towards closing the digital inclusion gap for persons with disabilities.

Onunkwo added that the initiative sends a strong message about equity and national progress, adding that SIMBED remains committed to expanding digital empowerment for persons with disabilities.

Similarly, the Executive Director of Inclusive Friends Association, Grace Jerry, represented by Tracy Agbamu, commended NITDA for demonstrating intentional leadership in promoting inclusion under the Renewed Hope Agenda.

She urged participants to continue applying the skills acquired and to serve as digital inclusion advocates within their communities.

The training programme further strengthens NITDA’s vision of building a digitally inclusive Nigeria where access to digital opportunities is determined not by physical ability but by empowerment and innovation.


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