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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 Applaud NiRA’s Leadership in Strengthening Nigeria’s Internet Infrastructure

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The Nigeria Internet Registration Association (NiRA) successfully convened its 18th Annual General Meeting (AGM), bringing together key stakeholders from across Nigeria’s internet, technology, and business ecosystem following the successful conclusion of its Annual General Meeting (AGM) held at Radisson Blu Hotel Ikeja.

The meeting, marked by robust participation from members, policymakers, industry leaders, and civil society representatives, centred on NiRA’s continued performance, strategic direction, and the imperative of deepening Nigeria’s digital identity through the .ng country code top-level domain (ccTLD).

Attendees at the AGM gave a resounding commendation to NiRA’s leadership and management team for their steadfast commitment to managing and sustaining the .ng domain registry. Members praised the Association for delivering operational excellence, maintaining registry stability, and driving meaningful growth in an increasingly competitive digital landscape.

NiRA was specifically recognised for its efforts in strengthening Nigeria’s digital ecosystem providing a secure, reliable, and trusted infrastructure that underpins online identities for businesses, institutions, and individuals across the country.

Members highlighted the Association’s resilience in the face of global and local headwinds, noting that its consistent performance has reinforced confidence in Nigeria’s internet governance framework.

Stakeholders reaffirmed the strategic importance of the .ng domain as more than a technical resource it is a sovereign national asset and a cornerstone of Nigeria’s digital identity. With Nigeria ranking among Africa’s largest internet markets, the .ng domain represents a critical enabler of economic growth, digital commerce, and institutional credibility.

The AGM underscored that every Nigerian business, public institution, and innovator operating online has both an opportunity and a responsibility to adopt the .ng domain as their primary digital address reinforcing national identity while contributing to the growth of a locally anchored internet ecosystem.

A significant outcome of the AGM was a unified call from stakeholders for stronger policy intervention to drive the adoption of .ng domains among Nigerian businesses. Participants emphasised that organic growth, while encouraging, must be complemented by deliberate institutional frameworks that make .ng the default choice for new and existing businesses.

Stakeholders specifically called for enhanced collaboration between NiRA and the Corporate Affairs Commission (CAC), urging the integration of .ng domain registration into the business incorporation and renewal process. Such alignment, members argued, would create a seamless pathway for businesses to establish their digital presence under a Nigerian domain from inception.

Additional recommendations included the development of government-backed policy frameworks that incentivise .ng adoption, the creation of regulatory guidelines that recognise .ng as a standard for digital credibility, and public sector leadership in adopting .ng domains to signal confidence in Nigeria’s digital infrastructure.

Executive Perspectives

Mr. Adesola Akinsanya; President, Nigeria Internet Registration Association (NiRA), said: “.ng is more than a domain it is Nigeria’s digital identity. Our focus remains on strengthening trust, driving adoption, and ensuring that Nigeria fully benefits from its internet ecosystem. Every organisation that registers under .ng is not just building a website; they are investing in the sovereignty and credibility of Nigeria’s presence in the global digital economy.”

Mrs. Oluwaseyi Onasanya; Chief Operating Officer (COO), NiRA, noted:  “We have continued to build a resilient and secure registry that supports businesses, innovators, and institutions across Nigeria. Our priority is to deepen adoption, expand our stakeholder base, and create greater value throughout the .ng ecosystem. The growth trajectory we are on reflects the hard work of our team and the trust our members continue to place in us.”

Mr. Biyi Oladipo; Member, Board of Trustees, NiRA, stated: “The Nigeria Internet Registration Association as a model multi-stakeholder institution that has sustained effective collaboration with government over the years. He noted that this approach reflects a strong and successful framework, positioning Nigeria more prominently on the global digital map.”

Mr. Muhammed Rudman; Past President, NiRA, said: “Adoption of .ng among new businesses must be driven through policy and institutional alignment. The frameworks already exist what is needed is coordinated political will and cross-agency collaboration to translate intent into action,”

Looking ahead, NiRA outlined an ambitious agenda focused on expanding public awareness of the value of .ng domains, deepening partnerships with government agencies, financial institutions, and the private sector, and accelerating digital economy participation among Nigerian businesses.

The Association reaffirmed its commitment to investing in infrastructure resilience, cybersecurity, and stakeholder education ensuring that the .ng registry remains a world-class, trusted foundation for Nigeria’s digital future. NiRA also signalled its intent to lead strategic conversations at regional and continental levels, positioning Nigeria as a model for internet governance in Africa.

As Nigeria accelerates its digital transformation agenda, NiRA stands as a steadfast pillar in the nation’s internet ecosystem. The Association’s unwavering commitment to excellence, governance, and stakeholder value positions it not only as the custodian of Nigeria’s domain registry, but as a strategic partner in building a prosperous, inclusive, and globally competitive digital economy.

NiRA remains resolute in its mission to drive .ng adoption, champion internet governance, and ensure that Nigeria’s digital infrastructure continues to serve as a launchpad for innovation, investment, and national development.


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FG Owes World Bank $2.08Bn in 2025  – Report

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Nigeria’s debt to World Bank’s International Development Association (IDA)  rose by $2.08 billion in one year to $19.89 billion as of December 31, 2025, according to an analysis of external debt stock data released by the Debt Management Office (DMO).

FG Owes World Bank $2.08Bn in 2025  – Report

The figure represents an 11.7 per cent increase from the $17.81bn owed to the global lender as of December 31, 2024.

So-called IDA is a member of the World Bank Group,  headquartered in Washington, D.C. offering concessional loans and grants to the world’s poorest developing countries.

According to the report,  Nigeria’s total debt to the IDA rose to roughly $18.2 billion to $18.7 billion by the end of 2025, making it the third-largest borrower globally from the IDA, behind Bangladesh and Pakistan.

DMO data showed that Nigeria’s IDA debt rose from $16.56 billion in 2024 to $18.51 billion n in 2025, an increase of $1.94 billion or 11.73 per cent.

International Bank for Reconstruction and Development (IBRD) exposure also increased from $1.24 billion to $1.38 billion, representing an increase of $141.84million or 11.41 per cent.

The increase means World Bank loans accounted for 38.36 per cent of Nigeria’s total external debt stock of $51.86 billion, as of the end of 2025.


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World Health Summit Regional Meeting Opens in Nairobi, Focuses on Stronger African Health Systems

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The 2026 World Health Summit Regional Meeting opened in Nairobi on Wednesday with a strong call for coordinated action to build more resilient health systems across Africa.

World Health Summit Regional Meeting Opens in Nairobi, Focuses on Stronger African Health Systems

The summit, hosted by Aga Khan University in partnership with the World Health Organization (WHO), Kenya’s Ministry of Health, and the Africa Centres for Disease Control and Prevention (Africa CDC), attracted over 2,000 health leaders, policymakers, researchers, and development partners from more than 50 countries.

The meeting is themed: “Reimagining Africa’s Health Systems: Innovation, Integration and Interdependence.”

Speaking at the opening ceremony, Kenya’s President, William Ruto, urged African governments, health institutions, donor agencies, and development partners to move away from fragmented interventions and adopt system-wide reforms anchored on local ownership, strategic investment, and accountability.

Ruto said Africa must reposition itself within the global health architecture by leveraging its strengths and becoming a source of scalable health solutions rather than being viewed solely through the lens of persistent challenges.

“This imbalance is neither sustainable nor tenable. It calls for a decisive shift from fragmented, piecemeal interventions to comprehensive, system-wide transformation backed by coherent strategy, domestic and international financing, and accountable institutions,” he said.

President of the World Health Summit, Prof. Axel Pries, described the Nairobi meeting as a reflection of Africa’s growing influence in shaping global health priorities.

He said the summit was designed to convene leaders across sectors and regions to translate policy discussions into practical actions that strengthen health systems globally.

Also speaking, Prof. Lukoye Atwoli, International President of the World Health Summit Regional Meeting and Dean of Medical College East Africa at Aga Khan University, said the summit marked a shift in Africa’s role in global health governance.

“For too long, Africa has been the subject of health conversations held elsewhere. Today, African institutions, researchers, and policymakers are co-authors of global health policy,” Atwoli said.

President and Vice Chancellor of Aga Khan University, Dr. Sulaiman Shahabuddin, said despite ongoing challenges such as climate change, chronic diseases, inadequate funding, digital inequality, and workforce gaps, Africa’s health sector is increasingly better positioned to integrate systems, deploy technology, and develop talent for quality healthcare delivery.

WHO Regional Director for Africa, Dr. Mohamed Yakub Janabi, said the summit offered an important opportunity to strengthen collaboration and advance universal health coverage through robust primary healthcare systems.

According to him, discussions at the summit are expected to generate a practical blueprint for building a more coherent and integrated health ecosystem across the continent.

Kenya’s Principal Secretary for Public Health and Professional Standards, Mary Muthoni, said global health security must remain a top priority for governments.

“Global health security is not a luxury; it is a prerequisite for national stability. We must move from reactive crisis management to proactive pandemic preparedness,” she said.

Director-General of Africa CDC, Dr. Jean Kaseya, stressed the need for Africa to finance and build resilient health systems at scale to strengthen health security and reduce dependence on external support.

He said the Nairobi meeting provides a strategic platform for mobilising investments, strengthening partnerships, and advancing African-led healthcare solutions.

The summit will feature over 80 sessions focused on health financing, workforce development, digital health innovation, climate and health, and strengthening universal health coverage.

The meeting continues over the coming days with further discussions expected on emerging health challenges and long-term healthcare resilience across Africa.


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