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  • How Leo Stan Ekeh Put the Naira (₦) on the Global Keyboard—and in the Heart of Digital Innovation By Don Pedro Aganbi

    How Leo Stan Ekeh Put the Naira (₦) on the Global Keyboard—and in the Heart of Digital Innovation By Don Pedro Aganbi

    In the evolving story of Nigeria’s technological rise, few names shine as brightly as Leo Stan Ekeh—a visionary, disruptor, and one of Africa’s most impactful digital entrepreneurs. Among his many game-changing accomplishments, one quiet yet historic milestone stands out: he was the man who put the naira sign (₦) on the computer keyboard—giving Nigeria’s currency a dignified presence in the global digital ecosystem.

    For most Nigerians today, typing the ₦ symbol is second nature. But before Africa’s digital revolution took shape, the naira existed only as an afterthought on global platforms. While the dollar ($), euro (€), and pound (£) symbols were standard on keyboards and software worldwide, Nigeria’s currency was conspicuously absent—echoing how African contributions were often overlooked in tech development.

    Leo Stan Ekeh changed that narrative.


    A Symbol of Sovereignty, A Statement of Digital Identity

    As the founder and chairman of Zinox Technologies, Nigeria’s pioneering indigenous computer manufacturing company, Ekeh was never just assembling machines—he was engineering national pride. In the early 2000s, while developing Zinox’s first line of Nigerian-made computers, Ekeh made a bold, symbolic request: include the naira symbol on the keyboard.

    To many, it seemed like a small design tweak. But for Ekeh, it was a powerful statement. The inclusion of the ₦ was about representation, dignity, and sovereignty. It sent a message that Nigeria would no longer be an afterthought in the global tech conversation.

    Today, thanks to that foresight, the ₦ is recognized globally—integrated into coding languages, accounting software, and digital financial platforms.


    More Than a Tech Mogul—A Nation Builder

    Ekeh’s story is not just about keyboards—it’s about nation-building through technology. From pioneering Nigeria’s first internationally certified computer brand to leading digital transformation projects across the continent, he has continually pushed boundaries.

    His investments in digital literacy, infrastructure, and education have empowered thousands of young Africans. Ekeh was among the first to recognize that Africa’s greatest resource is its youth—and that with the right tools, they can compete on a global stage.


    Innovation Rooted in Culture

    In an era where tech success is often measured in apps and algorithms, Ekeh’s legacy is different—and deeply profound. He understood that true innovation must reflect culture, identity, and national pride.

    The ₦ symbol may not have made international headlines at the time, but within Nigeria, it marked a turning point. It gave the naira a voice and reaffirmed Nigeria’s rightful place in the digital age.

    As Ekeh once said:

    “Technology is the future, but for Africa, it is also freedom.”


    Conclusion: The Man Who Gave the Naira a Voice

    In the annals of Nigerian innovation, Leo Stan Ekeh stands tall. His influence extends far beyond hardware and software—his vision has shaped how Nigerians see themselves in a connected, global world.

    The ₦ symbol on your keyboard is more than a character.
    It is a symbol of pride, a mark of inclusion, and a reminder that Africa belongs at the table of global innovation.

    Because one man dared to ask: “Why not the naira?”

    Don Pedro Aganbi is a technology media strategist, writer, and convener of the Titans of Tech Awards.

    With a keen eye for innovation and leadership in Africa’s digital economy, he tells compelling stories of visionaries shaping the continent’s future through technology.

  • Nigerian Universities With The Highest Student Dropout Rates in 2025 – And the Shocking Reasons Why

    Nigerian Universities With The Highest Student Dropout Rates in 2025 – And the Shocking Reasons Why

    Even without the disruptions of nationwide strikes, a troubling number of Nigerian universities are witnessing rising student dropout rates—shedding light on deeper systemic issues within the higher education system.

    From skyrocketing living expenses to outdated facilities, poor mental health support, and safety concerns, thousands of undergraduates are quitting before graduation. Each dropout reflects not just personal hardship, but institutional loss—forcing schools to continually recruit and retrain new intakes.

    Here are the 5 Nigerian universities with the highest dropout rates in 2025 and the critical challenges pushing students out:


    1. University of Lagos (UNILAG)

    Main reason: High cost of living
    Students from outside Lagos struggle with rent prices exceeding ₦100,000 per semester and soaring transport costs. Many are forced to juggle full academic loads with part-time jobs, leading to burnout and eventual withdrawal.


    2. Obafemi Awolowo University (OAU)

    Main reason: Housing crisis and transport fatigue
    Freshers often live several kilometres from campus, enduring daily commutes of up to two hours. With travel expenses hitting ₦40,000 monthly and limited study time, many abandon their programs early due to exhaustion and poor performance.


    3. Ahmadu Bello University (ABU)

    Main reason: Poor infrastructure and tech access
    Frequent breakdowns in laboratory equipment, unreliable internet, and delayed repairs disrupt coursework in core departments like engineering and sciences. Frustrated students often drop out rather than repeat semesters marred by missed project deadlines.


    4. University of Nigeria, Nsukka (UNN)

    Main reason: Campus insecurity
    Insufficient lighting and weak patrol presence have led to increased harassment and theft on campus after dusk. Fearing for their safety, many students opt to transfer or quit altogether.


    5. Lagos State University (LASU)

    Main reason: Mental health and academic pressure
    With minimal access to counselling or academic mentoring, students facing emotional stress, exam pressure, or personal crises lack the support needed to stay on track—resulting in a silent exodus.


    The Way Forward

    Curbing dropout rates will require urgent reforms including:
    ✅ Affordable housing
    ✅ Reliable internet and lab equipment
    ✅ Expanded mental health services
    ✅ Increased campus security
    ✅ Financial aid and scholarships

    With the right investment, Nigerian universities can reverse this worrying trend and help more students cross the graduation finish line.

  • Starlink In-Flight Wi-Fi Is Twice as Fast as Ground Internet – New Data Reveals

    Starlink In-Flight Wi-Fi Is Twice as Fast as Ground Internet – New Data Reveals

    Starlink’s satellite internet service is now delivering faster speeds in the air than many traditional providers do on the ground, according to a new report by internet speed test giant Ookla.

    The report, covering the first quarter of 2025, shows that Starlink-equipped planes recorded median download speeds of 152Mbps and upload speeds of 24Mbps, with latency as low as 44 milliseconds — figures that outpace all other in-flight Wi-Fi providers and even surpass typical home broadband performance in some regions.

    In fact, Starlink’s airborne performance nearly doubles the speed of the next-best in-flight competitors, with significantly lower latency. For comparison, MTN Satellite Communications posted a latency of 667ms — more than 15 times slower than Starlink’s 44ms.

    These lightning-fast speeds allow passengers to stream 4K video, play online games, and hold videoconferences mid-flight — capabilities that were once considered impossible with legacy in-flight internet providers.

    The secret behind Starlink’s dominance lies in its unique constellation of over 7,000 low-Earth orbit satellites, operating at roughly 342 miles above Earth. This is a stark contrast to traditional satellite internet providers like Hughesnet and Viasat, which rely on satellites orbiting over 22,000 miles away — resulting in slower speeds and far higher latency.

    “That’s just physics,” said Kerry Baker, author of the Ookla report. “When you’re transmitting data from 22,000 miles versus 300 miles, you’re naturally going to see nearly a second in delay. Starlink’s low-Earth orbit architecture changes the game.”

    What’s even more surprising: Starlink’s in-flight speeds are faster than its on-ground performance. In the same period, U.S.-based Starlink users on the ground averaged 105Mbps download speeds, 15Mbps uploads, and 45ms latency — still impressive, but not quite at the level delivered mid-flight.

    Several major airlines are already capitalizing on Starlink’s high-speed in-flight connectivity. Hawaiian Airlines and Qatar Airways recorded test results in Q1 2025, while United Airlines began rolling out Starlink across select aircraft starting May 15. Additionally, Scandinavian Airlines signed a deal in January 2025 to equip its entire fleet with Starlink.

    With this breakthrough, SpaceX’s Starlink is not only redefining satellite broadband but also reshaping what’s possible in aviation — pushing the boundaries of ultra-fast, low-latency internet access at 35,000 feet.

  • Sanwo-Olu Applauds MTN, Dell Technologies as Nigeria’s Largest Data Centre Launches in Lagos

    Sanwo-Olu Applauds MTN, Dell Technologies as Nigeria’s Largest Data Centre Launches in Lagos

    Lagos State Governor, Mr. Babajide Sanwo-Olu, has commended MTN Nigeria and Dell Technologies for unveiling the Dabengwa Data Centre, now the largest in Nigeria and West Africa. The world-class facility, inaugurated in Lagos, marks a major milestone in Nigeria’s digital transformation journey.

    Represented by the Secretary to the State Government, Barr. Abimbola Salu-Hundeyin, Governor Sanwo-Olu hailed the investment as a bold statement of Nigeria’s growing relevance in the global digital economy. “With this facility, MTN is reinforcing Nigeria’s position as the digital backbone of West Africa. This is a game-changing platform for our young talents, start-ups, and enterprises,” she said, noting that Lagos now holds “bragging rights” as the host of the continent’s most advanced modular data infrastructure.

    Built in collaboration with Dell Technologies, the Dabengwa Data Centre is a prefabricated modular facility composed of 96 containers in its first phase. It delivers cutting-edge cloud services, secure data storage, and high-performance computing for Nigerian and West African enterprises — all within a locally hosted, AI-optimized environment.

    The launch also saw the unveiling of the MTN Cloud Platform, designed to provide agile, cost-efficient cloud solutions and accelerate digital adoption across key sectors, including fintech, education, healthcare, and artificial intelligence.

    Speaking at the event, Nigeria’s Minister of Communications, Innovation & Digital Economy, Dr. Bosun Tijani, described the facility as “excellent” and praised MTN for building the “digital foundation for Nigeria’s modern economy.” He emphasized the importance of local infrastructure in reducing capital flight, fostering trust, and boosting productivity.

    “This is the kind of infrastructure we need to enable true digital sovereignty,” Tijani added.

    Also present was the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, represented by Engr. Babagaba Digima. He described the launch as a “significant milestone in Nigeria’s technological independence,” and assured stakeholders of the NCC’s continued support for innovation, data protection, and robust internet infrastructure.

    Valued at approximately $150 million, the Dabengwa Data Centre features AI-driven energy optimisation that intelligently manages workloads and integrates green energy sources, significantly reducing the facility’s carbon footprint.

    Chairman of MTN Nigeria, Dr. Ernest Ndukwe, lauded the dedication of the teams behind the project, calling the launch a “significant day for Nigeria.” MTN Nigeria CEO, Dr. Karl Toriola, said the data centre reflects MTN’s ambition to transition from a traditional telco into a leading technology provider, aligned with national digital policies.

    “This project meets the rising demand for enterprise-grade infrastructure that supports innovation and economic growth,” Toriola said.

    Lynda Saint-Nwafor, Chief Enterprise Business Officer at MTN Nigeria, added that the newly unveiled MTN Cloud would be backed by the MTN Cloud Accelerator for Africa, launching in the coming weeks to support startups with tools, training, and global access.

    As Nigeria’s data centre market continues to grow — expected to expand from 136.7 MW in 2025 to 279.4 MW by 2030, with over $630 million in investment already committed — the Dabengwa facility sets a new benchmark for scalable, secure, and sustainable digital infrastructure in Africa.

    The centre also aligns with recent regulations by the National Information Technology Development Agency (NITDA), which require sensitive government, financial, and health data to be stored locally — a move that strengthens Nigeria’s digital sovereignty and investor confidence.

    With the launch of the Dabengwa Data Centre, MTN Nigeria has positioned itself at the heart of the country’s digital future — enabling innovation, enhancing cybersecurity, and powering Nigeria’s rise as a regional tech powerhouse.

  • Microsoft to Sack 9,000 Workers Globally in Second Wave of Layoffs in 2025

    Microsoft to Sack 9,000 Workers Globally in Second Wave of Layoffs in 2025

    Microsoft has announced a second wave of job cuts in 2025, with plans to lay off approximately 9,000 employees globally as part of its ongoing efforts to streamline operations and control costs. The move affects around 4% of the company’s total workforce, which stood at 228,000 as of June 2024.

    According to a Bloomberg report, citing a company spokesperson, the layoffs will span multiple departments, regions, and seniority levels — signaling a company-wide effort to flatten management layers and improve operational efficiency.

    Focus on Restructuring and Simplification

    The spokesperson explained that the job cuts are part of broader organizational changes aimed at simplifying internal structures and eliminating redundant management layers.

    “We continue to implement organizational changes necessary to best position the company and teams for success in a dynamic marketplace,” the company stated.

    The latest round primarily impacts Microsoft’s sales division — including frontline salespeople — and parts of its Xbox gaming unit. This follows an earlier round of layoffs in May 2025, which saw 6,000 roles cut, mostly from product and engineering teams.

    Microsoft typically conducts such restructuring toward the end of its fiscal year, which ends in June. Notably, the company employs roughly 45,000 people in sales and marketing globally.

    In a related update, Microsoft’s Chief Commercial Officer, Judson Althoff, who oversees global sales, is set to begin a two-month sabbatical in July. The company emphasized that the leave was pre-planned, with Althoff expected to return in September.

    Tech Layoffs Continue into 2025

    Microsoft’s latest layoffs come amid a continuing wave of job cuts in the tech sector that began in 2023 and shows no signs of slowing down in 2025. Economic headwinds, restructuring efforts, and massive investments in artificial intelligence are driving major workforce reductions across the industry.

    In April 2025, Google, owned by Alphabet, laid off hundreds of staff from its Platforms and Devices division — including teams behind Android, Pixel, and Chrome — as part of a broader restructuring effort. A voluntary exit program introduced earlier in January preceded the cuts.

    According to data from Layoffs.fyi, over 27,000 tech workers were laid off globally between January and April 2025, with February alone accounting for 16,084 job losses — making it the worst-hit month in Q1. These numbers follow a turbulent 2024, during which more than 150,000 jobs were slashed across 549 tech companies worldwide.

    As the tech industry continues to recalibrate for the AI-driven future, analysts predict that layoffs and internal reorganizations will remain widespread through the rest of the year.

  • NCC, REA Partner to Power Rural Telecom Sites with Renewable Energy

    NCC, REA Partner to Power Rural Telecom Sites with Renewable Energy

    In a bold move to improve digital connectivity in rural Nigeria, the Nigerian Communications Commission (NCC) and the Rural Electrification Agency (REA) have inaugurated a joint committee to drive the adoption of renewable energy in powering telecom infrastructure across underserved communities.

    Although specific modalities for engaging telecom operators are yet to be disclosed, the NCC confirmed that the collaboration targets rural telecom infrastructure, aligning with national goals of energy inclusion and broadband expansion.

    A Strategic Shift Toward Inclusion

    Speaking during the committee’s inauguration, Dr. Aminu Maida, Executive Vice Chairman and CEO of NCC, described the partnership as a “timely and strategic alignment of national priorities.”

    “Whether it is powering a base station or enabling a child to access digital learning, this partnership has the potential to transform realities and bring opportunity closer to the people,” he said.

    Dr. Maida added that the initiative is more than infrastructure — it is a driver of inclusion, equality, and shared prosperity. He affirmed that it supports President Bola Ahmed Tinubu’s Renewed Hope Agenda and charged the committee to work with innovation, purpose, and a focus on measurable results.

    Combining Energy with Connectivity

    Managing Director of REA, Abba Aliyu, also emphasized the transformative power of merging renewable energy with digital connectivity. He noted that the collaboration presents a practical solution for extending sustainable development to millions of Nigerians beyond the grid.

    The NCC–REA Collaboration Committee will focus on:

    • Powering telecom base stations with renewable energy.

    • Sharing geospatial data for efficient infrastructure planning.

    • Aligning funding mechanisms to drive joint initiatives.

    • Tracking social and economic impact through clear performance indicators.

    This inter-agency effort is expected to serve as a national model, boosting the National Broadband Plan and contributing to the United Nations Sustainable Development Goals (SDGs).

    Background: A Push for Greener Telecoms

    The NCC has long expressed concern over the industry’s heavy reliance on diesel-powered generators. In 2023, the commission announced plans to promote policies encouraging the transition to cleaner, sustainable energy sources.

    Some telecom operators have already begun making the shift. MTN Nigeria recently revealed it had saved over ₦570 million by switching to gas-powered generators. Airtel Nigeria also announced last September that it is deploying alternative energy solutions to power its base stations in a bid to curb rising diesel expenses.

  • FG Commits $40 Million to Boost ICT and STEM Education in Nigerian Universities

    FG Commits $40 Million to Boost ICT and STEM Education in Nigerian Universities

    The Federal Government has unveiled a $40 million investment aimed at transforming Nigeria’s higher education through technology and innovation.

    Component One – $38 Million for ICT Upgrades in Federal Universities
    Under this component, 10 selected federal universities will benefit from major digital infrastructure upgrades. The initiative includes renovation of ICT facilities, enhanced campus connectivity, training for academic staff, and access to digital learning resources for students — all designed to accelerate the shift toward smart campuses and tech-driven learning.

    Component Two – $2 Million for National STEM Transformation Strategy
    The second component earmarks $2 million to develop a comprehensive National STEM Transformation Strategy. It covers the formation of expert committees, in-depth labour market research, nationwide awareness campaigns, and the launch of pilot STEM education programs to build a future-ready workforce.

    This strategic investment is part of Nigeria’s broader push to modernize its educational system and foster innovation-led growth.

  • NCC Approves 3-Year National Roaming Deal Between MTN Nigeria and 9Mobile to Boost Coverage and Collaboration

    NCC Approves 3-Year National Roaming Deal Between MTN Nigeria and 9Mobile to Boost Coverage and Collaboration

    The Nigerian Communications Commission (NCC) has granted regulatory approval for a groundbreaking three-year national roaming agreement between MTN Nigeria Communications Plc and Emerging Markets Telecommunications Services Limited, widely known as 9Mobile.

    The landmark agreement allows 9Mobile subscribers to seamlessly roam on MTN Nigeria’s expansive network infrastructure across the country, significantly improving service delivery and mobile connectivity in underserved areas.

    In a regulatory filing with the Nigerian Exchange, MTN Nigeria confirmed the deal, stating:

    “The agreement allows 9Mobile subscribers to roam seamlessly on MTN Nigeria’s network, fostering industry collaboration and enhancing operational efficiencies. By leveraging our extensive coverage, 9Mobile can now provide improved mobile communication services to its customers.”

    Strategic Collaboration for a Connected Nigeria

    MTN Nigeria CEO, Karl Toriola, described the partnership as a strategic step toward bridging coverage gaps and promoting national connectivity.

    “This agreement represents a significant milestone in our commitment to improving customer experience, deepening industry collaboration, and supporting the NCC’s vision of a fully connected Nigeria. Delivering the scale required for telecom services in Nigeria demands collaboration across the private sector, public institutions, and long-term investors.”

    The roaming arrangement supports sustainable industry growth by encouraging the efficient use of existing infrastructure, reducing capital and operational expenditures, and expanding nationwide access to reliable mobile services.

    Market Dynamics and Industry Context

    As of March 2025, Nigeria recorded over 172 million mobile subscriptions. MTN Nigeria leads the market with 90.4 million active lines, commanding a 52.48% market share. In contrast, 9Mobile holds just 2.8 million active subscriptions, representing 1.72% of the market.

    While other major operators experienced subscriber growth between February and March 2025, 9Mobile’s numbers remained unchanged—attributed to restrictions that limited user porting during the period.

    This agreement builds on the NCC’s long-standing push for infrastructure sharing in the telecom industry. In 2020, the Commission approved a pilot roaming project between MTN and 9Mobile in Ondo State, laying the groundwork for the broader nationwide implementation now approved.

    Looking Ahead

    The roaming deal not only aims to enhance network access for 9Mobile subscribers but also aligns with the NCC’s broader strategy of promoting shared infrastructure to improve telecom service delivery and digital inclusion in Nigeria.

  • Spectranet, Other ISPs Lose Thousands of Subscribers As Nigerians Slash Internet Spending

    Spectranet, Other ISPs Lose Thousands of Subscribers As Nigerians Slash Internet Spending

    Top Internet Service Providers (ISPs) in Nigeria — including Starlink, Spectranet, and FibreOne — are grappling with a sharp drop in active users as more Nigerians cut back on internet spending amid rising economic pressures.

    According to fresh data from the Nigerian Communications Commission (NCC), total active users across 127 ISPs fell to 289,369 in Q1 2025, down from 307,946 in Q3 2024 — a loss of nearly 20,000 subscribers within just two quarters.

    Starlink, the second-largest ISP in Nigeria, experienced its first subscriber dip since launch, shedding over 6,000 customers, from 65,564 to 59,509. Spectranet, Nigeria’s long-standing market leader, also lost 2,189 users, dropping from 105,441 to 103,252. FibreOne, the third-largest player, saw the steepest decline, plummeting from 33,010 to 19,000 subscribers — a loss of more than 14,000 users.

    Why Nigerians Are Ditching ISPs

    Analysts attribute the downward trend to rising costs of data, equipment, and electricity — key operational components for ISPs and their customers alike.

    “The economic reality has made many homes and businesses prioritize essentials. Subscriptions — especially for premium services like Starlink — are becoming unaffordable,” said Jide Awe, Innovation & Technology Policy Advisor and Founder of Jidaw.com.

    Meanwhile, the affordability and flexibility of mobile internet plans have become more attractive to small businesses and individuals, leading many to switch from fixed ISPs to mobile networks.

    MNOs Closing in on ISP Turf

    President of the Association of Telecommunications Companies of Nigeria (ATCON), Mr. Tony Emoekpere, also pointed to aggressive moves by mobile network operators (MNOs) like MTN and Airtel into the Fiber to the Home (FTTH) space, which was traditionally dominated by ISPs.

    “It’s an uneven playing field. MNOs entering core ISP terrain is hurting smaller operators,” Emoekpere said.

    The February 2025 tariff hike of up to 50%, approved by the NCC, further widened the cost gap between ISPs and mobile operators. Starlink, for instance, increased its subscription cost from ₦38,000 to ₦57,000, beginning in April — prompting customers like Lagos-based entrepreneur Kelvin Ayodele to switch to cheaper broadband alternatives from mobile carriers.

    ISPs vs. MNOs: A Market Divided

    Despite having 234 licensed ISPs in Nigeria, only 127 had active customers in Q1 2025. In sharp contrast, mobile operators dominate the market with over 142 million active internet users as of March 2025.

    Even with the recent tariff adjustment, mobile internet subscriptions remained relatively stable, dipping only 0.07% to 141.9 million in April.

    Path to Survival: Innovation or Extinction?

    To remain competitive, analysts suggest that ISPs must urgently rethink their business models.

    “ISPs must diversify beyond bandwidth selling. Offering sector-specific solutions for SMEs, healthcare, real estate, and education can unlock new revenue streams,” said Awe.

    He also emphasized the importance of improving service quality, exploring green energy alternatives like solar, and embracing emerging technologies for deeper market penetration and customer retention.

  • Konga Marks 13 Years of E-Commerce Excellence with ‘Yafun Yafun Deals’ Anniversary Mega Sale

    Konga Marks 13 Years of E-Commerce Excellence with ‘Yafun Yafun Deals’ Anniversary Mega Sale

    Konga, Nigeria’s pioneering e-commerce powerhouse, is celebrating 13 remarkable years of transforming digital commerce with a nationwide anniversary blowout — the Konga 13th Anniversary Sale, themed Yafun Yafun Deals.

    Running from July 1 to 31, 2025, this month-long shopping festival promises unbeatable value for millions of Nigerians. Shoppers can expect massive discounts of up to 50%, flash sales, free delivery on select items, and exclusive bundle deals across major product categories — making it the biggest online shopping event of the summer.

    Nnamdi Ekeh, CEO, Konga

    A Journey of Innovation and Impact

    Launched in 2012, Konga began as a trailblazing online marketplace with a mission to redefine retail in Nigeria. Following its acquisition by the Zinox Group, Konga evolved into a dynamic tech-driven ecosystem revolutionizing how Nigerians shop, pay, travel, access healthcare, and enjoy media.

    Today, Konga operates across eight strategic verticals:

    • Konga Online

    • KongaPay

    • Konga Health

    • Konga Travel & Tours

    • Konga Corporate

    • Konga Logistics

    • Konga Retail

    • Konga Communications (Konga TV and FM)

    Empowering Nigeria’s Digital Future

    Over 13 years, Konga has played a vital role in driving Nigeria’s digital economy, empowering businesses, creating jobs, and promoting financial inclusion. Its reliable logistics, secure payment infrastructure, and customer-first culture have earned it the trust of millions nationwide.

    Leadership Speaks

    Nnamdi Ekeh, Group CEO of Konga, reflected on the milestone:

    “Thirteen years ago, we set out to transform Nigeria’s commerce landscape. Today, we’re proud of the strides we’ve made — from revolutionizing e-commerce to empowering businesses and fostering digital inclusion. This anniversary sale is our heartfelt thank-you to everyone who has supported our journey.”

    Dave Omeregie, Konga’s Chief Operating Officer, added:

    “This is more than a celebration; it’s a declaration of our vision for the future. From last-mile delivery to healthcare access and financial services, Konga has built a unique infrastructure powering real change across Africa.”

    Join the Celebration

    The Konga 13th Anniversary Sale is not just a promo — it’s a celebration of trust, convenience, and digital transformation. From premium electronics to daily essentials, shoppers are guaranteed top-quality products at unbeatable prices.

    To join the festivities, visit www.konga.com or download the Konga App today.

  • MTN Nigeria Unveils $120M Tier III Data Centre And Local Cloud to Boost Data Sovereignty And AI Innovation

    MTN Nigeria Unveils $120M Tier III Data Centre And Local Cloud to Boost Data Sovereignty And AI Innovation

    MTN Nigeria has officially launched Phase 1 of its cutting-edge Tier III Data Centre and local cloud infrastructure in Ikeja, Lagos — a significant step in advancing Nigeria’s digital transformation, data sovereignty, and artificial intelligence (AI) capabilities.

    Valued at a total of $120 million — with $100 million dedicated to data centre infrastructure and an additional $20 million to cloud infrastructure — the facility is poised to become Nigeria’s largest pre-fabricated modular data centre. Named the Sifiso Dabengwa Data Centre, the facility boasts 96 pre-fabricated containers, a scalable IT capacity load of 4.5 megawatts, and a rack capacity of approximately 1,500, spanning three floors.

    Speaking at a press briefing ahead of the launch, Dr. Karl Toriola, Chief Executive Officer of MTN Nigeria, highlighted the transformational impact of the project.

    “This facility positions MTN at the forefront of Nigeria’s digital future. Not only will it drive AI adoption, but it also supports our commitment to data sovereignty and local economic empowerment. By pricing services in Naira and offering pay-as-you-use models, we’re reducing the cost burden for Nigerian enterprises,” Toriola said.

    Dr. Toriola added that the centre aligns with national data protection goals and that MTN is working closely with the Nigeria Data Protection Commission (NDPC) to ensure full compliance with regulatory frameworks.

    Driving Business Efficiency with Local Cloud Services

    Lynda Saint-Nwafor, Chief Enterprise Business Officer at MTN Nigeria, emphasized the cost-efficiency and technical edge of the local cloud.

    “Our $20 million investment in cloud infrastructure complements the data centre’s power. This initiative lowers latency, enhances onboarding experiences, and enables seamless global access to our cloud platform. Compared to global hyperscalers, MTN Cloud provides faster, more accessible, and locally-aligned services,” she said.

    Saint-Nwafor also revealed the platform’s self-orchestration capabilities, allowing users to log in from anywhere to manage and deploy digital solutions without geographic limitations.

    Supporting Fintech, Government, and Enterprise Sectors

    Ifeanyi Otudor, Senior Consultant at MTN Enterprise Solutions, noted that the data centre was built to support high-traffic sectors including fintech, e-government, and enterprise businesses.

    “This is more than just infrastructure; it’s a strategic platform for digital growth. We’re ready to meet co-location needs across sectors, enabling businesses and government agencies to focus on innovation while we manage the backend complexity,” Otudor said.

    The facility is powered by a robust energy backbone, including 2.5 MB and 3.15 MB transformers for the grid system, supported by high-capacity standby generators to ensure uninterrupted service.

    With the unveiling of the Sifiso Dabengwa Data Centre, MTN Nigeria reinforces its leadership in driving digital inclusion, enterprise growth, and national tech resilience.

  • NRC Signs Landmark MoU with Five Institutions to Advance Railway Technology Skills, Slash Foreign Training Costs

    NRC Signs Landmark MoU with Five Institutions to Advance Railway Technology Skills, Slash Foreign Training Costs

    In a major move to deepen local capacity in railway systems and reduce dependence on overseas training, the Nigerian Railway Corporation (NRC) has entered into a strategic partnership with five Nigerian tertiary institutions.

    The collaboration, formalized through a Memorandum of Understanding (MoU) signed in Lagos, seeks to enhance in-country expertise through hands-on learning, professional certification, and technology transfer in railway operations and management.

    Institutions in Partnership
    The five institutions onboard include:

    • Yaba College of Technology

    • Kwara State Polytechnic

    • Federal Polytechnic Offa

    • Kaduna Polytechnic

    • Trinity University, Lagos

    Boosting Local Skills and Career Progression
    Dr. Kayode Opeifa, Managing Director/CEO of NRC, emphasized that the partnership aims to create a sustainable skills ecosystem for Nigeria’s growing railway sector.

    “This is about building a legacy of skill acquisition that empowers this generation and the next,” Opeifa said. “Our staff can now gain diplomas and degrees in railway-specific fields, breaking through educational ceilings that have stalled their promotions.”

    He highlighted key focus areas such as digital rail systems, track engineering, locomotive maintenance, and logistics management as critical components of the program.

    Reducing Reliance on Foreign Training
    While acknowledging that some foreign training may still be required, Opeifa noted that the initiative will drastically reduce the need for costly overseas trips.

    “Where local expertise can be developed, there will be no need to travel abroad,” he said. “This partnership saves the country resources while raising a homegrown crop of railway professionals.”

    Mutual Gains for Academia and Industry
    According to Opeifa, the collaboration is mutually beneficial. Retired NRC professionals may serve as guest lecturers, while academic staff and students gain real-world exposure using NRC’s infrastructure and equipment.

    Institutional Leaders Applaud the Initiative
    Dr. Kadir Oluwatoyin, Rector of Federal Polytechnic Offa, hailed the agreement as a game-changer aligned with the Federal Government’s Renewed Hope Agenda.

    “We recently sent staff to China for railway training. If this capacity exists locally, we wouldn’t need to do that. This partnership is a win-win,” he said.

    Echoing the sentiment, Dr. Abdul Mohammed, Rector of Kwara State Polytechnic, stressed that the MoU will create job opportunities and nurture a new generation of rail engineers and administrators.

    “This is a timely move to equip Nigerian youth for global competitiveness while reducing reliance on foreign expertise,” he stated.

    The NRC’s initiative marks a significant leap toward domesticating technical expertise, promoting youth empowerment, and future-proofing Nigeria’s transportation infrastructure.

  • CAC Unveils AI-Powered Business Registration Portal, Targets 30-Minute Company Registration

    CAC Unveils AI-Powered Business Registration Portal, Targets 30-Minute Company Registration

    The Corporate Affairs Commission (CAC) has launched a groundbreaking AI-powered registration portal aimed at revolutionizing the business registration process in Nigeria by reducing processing time to under 30 minutes.

    Announced at the CAC 2025 Stakeholders Forum held in Port Harcourt, the Registrar-General/CEO, Hussaini Ishaq Magaji, SAN, described the new portal as a game-changer that delivers instant name reservation, real-time approvals, and seamless user experience.

    “The new AI-driven portal marks a complete overhaul of the existing Company Registration Portal (CRP), built to provide instant name approvals and suggest intelligent alternatives when a name is already taken,” Magaji said.

    With just a National Identification Number (NIN), business owners can now initiate registration, undergo real-time verification, and receive their certificate of registration via email within 30 minutes.

    Overcoming Identity Verification Bottlenecks

    Magaji noted that while NIN verification remains a potential bottleneck, AI-powered facial ID matching has been introduced to bypass delays caused by third-party systems like NIMC. This innovation allows CAC to maintain its promise of fast, smart, and reliable business services.

    Enhanced Security & Future Upgrades

    As part of the Commission’s digital transformation, Two-Factor Authentication (2FA) and OTP verification will soon be enforced across all user transactions, ensuring that only verified company directors can authorize changes to company data.

    The CAC also announced plans to launch a dedicated Mobile App by Q4 2025, which will enable users to register businesses, monitor application progress, and access company records on the go.

    Revised Service Fees & Stakeholder Engagement

    Magaji revealed that a review of CAC service fees will take effect from August 1, 2025, to support the Commission’s growing investment in digital infrastructure and improved service quality.

    The event featured goodwill messages from notable industry stakeholders including:

    • Cordelia U. Eke, Chairman, NBA Port Harcourt

    • Sir Sebastian Essien, Chairman, ICSAN

    • Elder Dogala Sakpege, Chairman, NASME

    • Dr. Mechi Brown, Director of Industry, Rivers State Ministry of Commerce

    • Miema Akpa, representing the Chairman of ICAN Port Harcourt

    With this strategic shift, the CAC is reinforcing its role as a key driver of Nigeria’s ease of doing business agenda and reaffirming its commitment to digital transformation.

  • Lanre Kolade Commends FG’s Push for Digital Infrastructure, Urge Nigerians to Protect Critical National Assets

    Lanre Kolade Commends FG’s Push for Digital Infrastructure, Urge Nigerians to Protect Critical National Assets

    Seasoned connectivity expert and Founder/CEO of Koltronics Nigeria Limited, Lanre Kolade, has called for innovative and collaborative approaches to safeguard Nigeria’s telecom infrastructure, following its designation as Critical National Infrastructure (CNI) by President Bola Ahmed Tinubu.

    Speaking in an exclusive interview with TechTV, Kolade lauded the Federal Government’s efforts to deepen digital infrastructure and position Nigeria as Africa’s leading digital economy hub.

    He specifically commended the Honourable Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, for implementing forward-thinking policies that have boosted investor confidence in the sector.

    “The telecom industry is at a critical inflection point,” Kolade stated. “Now more than ever, telcos and regulators must collaborate to address threats to infrastructure, improve resilience, and ensure that telecom investments are protected as vital national assets.”

    He emphasized the need for stakeholders to innovate around infrastructure security, redundancy, and access, warning that continued sabotage or neglect could undermine Nigeria’s digital future.

    Kolade added that effective partnerships, policy alignment, and strategic investments are key to accelerating broadband penetration and achieving national digital transformation goals.

    With over 25 years of experience in telecoms across Africa, Lanre Kolade has played a pivotal role in shaping the continent’s digital infrastructure. Through Koltronics, he is leading efforts to expand terrestrial fibre connectivity and build resilient subsea infrastructure. He is also Chairman of ConnectedCompute, a Dubai-based data centre advisory firm supporting edge computing growth across Africa.

    As former Group CEO of CSquared, Kolade led landmark achievements including the landing of Google’s Equiano Cable in Togo, a $30 million project recognized by U.S. President Joe Biden during the 2022 G20 Summit in Bali.

    Kolade remains one of Africa’s leading voices in tech policy and infrastructure strategy, committed to bridging the digital divide, enabling inclusive growth and future-proofing telecom investments.

  • The Top 10 Most Indebted States in Nigeria

    The Top 10 Most Indebted States in Nigeria

    Nigeria’s subnational debt landscape underwent a dramatic shift in 2024, as the total debt stock of the 36 states fell by a substantial 32.32%, dropping from ₦5.86 trillion in 2023 to ₦3.97 trillion in 2024, according to fresh data from the Debt Management Office (DMO).

    This steep decline highlights a new wave of fiscal discipline, strategic debt restructuring, and increased reliance on internally generated revenue (IGR) and public-private partnerships (PPPs).

    However, despite the collective contraction, some states remain heavily indebted—either due to legacy liabilities or ambitious infrastructure-driven agendas. Here are the 10 most indebted Nigerian states as of December 2024, based on official data and year-on-year comparisons.


    🏛 Top 10 Most Indebted Nigerian States in 2024

    1. Lagos – ₦900.19 billion

    Nigeria’s economic powerhouse retained its position as the most indebted state, though it reduced its liabilities by 14.16% from ₦1.05 trillion in 2023.
    Backed by an annual IGR exceeding ₦500 billion, Lagos continues to drive megaprojects while adopting PPPs and concession-based financing to limit direct borrowing.


    2. Rivers – ₦364.39 billion

    Rivers recorded the highest debt increase of the year—up 56.67% from ₦232.58 billion—largely due to capital expansion and post-election project execution.
    Despite boasting an IGR-to-operating-expense ratio of 121%, analysts warn of repayment risks if economic returns lag.
    #RiversState #CapitalProjects #DebtWatch

    3. Ogun – ₦211.86 billion

    Ogun slashed its debt by nearly 24%, driven by rising IGR (₦240 billion projection) and refinancing of high-interest legacy loans.
    Its focus on digital revenue systems and economic diversification continues to yield fiscal benefits.
    #OgunState #RevenueGrowth #DebtReduction

    4. Delta – ₦199.58 billion

    Delta saw a remarkable 46.55% debt drop, one of the largest in Nigeria.
    The reduction was fueled by over ₦130 billion in repayments and a strategic pivot to project-tied concessional loans.

    5. Bauchi – ₦143.95 billion

    With a 10.48% drop, Bauchi’s “Budget of Consolidation” focused on completing existing projects and leveraging federal grants instead of new loans.
    Stringent legislative scrutiny of spending also helped curb unnecessary borrowing.

    6. Niger – ₦140.74 billion

    Niger’s debt grew by just 0.67%, maintaining stability as the state tapped previously approved facilities for ongoing infrastructure works.
    Its debt strategy favors low-interest concessional loans over commercial borrowing.

    7. Imo – ₦126.14 billion

    Imo achieved a dramatic 41.90% reduction, largely through revenue reforms, digital tax systems, and restructured loans.
    IGR rose from ₦400 million in 2020 to nearly ₦4 billion in 2025, drastically reducing its borrowing needs.

    8. Benue – ₦122.57 billion

    Benue slashed its debt by 34.51%, a result of improved fiscal prudence and alignment with national debt sustainability goals.
    The state also embraced expenditure control and IGR growth to limit loan dependency.

    9. Akwa Ibom – ₦122.19 billion

    A sharp 35.85% drop in debt reflects Akwa Ibom’s use of increased oil revenue from the 13% derivation fund and tight budget controls.
    The state continues to prioritize repayment over expansion.

    10. Enugu – ₦119.28 billion

    Enugu stands out as one of the few states with a 29.36% increase in debt, spurred by its bold ₦521.5 billion budget, targeting massive infrastructure investments.
    While the state hopes to spark “Disruptive Economic Growth,” experts urge caution over sustainability and transparency.


    📊 State-Level Debt Summary: A Nation Restructuring

    In total, Nigeria’s 36 states cut their domestic debt stock by over ₦1.89 trillion, the steepest annual drop in years. Key factors behind this decline include:

    • Tighter fiscal discipline and debt repayment strategies

    • A shift from high-interest loans to project-linked concessional funding

    • Greater use of PPP models and donor financing

    • Naira depreciation discouraging foreign currency-denominated debt


    ⚠️ Key Takeaways for Policymakers & Investors

    • Seven of the top 10 most indebted states reduced debt—a strong signal of responsible fiscal governance.

    • Lagos, Ogun, and Delta are leading examples of strategic borrowing linked to economic performance.

    • Rivers and Enugu, though fiscally strong, face questions about long-term debt sustainability.

    • For investors and lenders, tracking state debt profiles is critical to assessing Nigeria’s subnational creditworthiness.


    🧠 What This Means for Nigeria

    As the country grapples with macroeconomic reforms, debt management at the state level will remain a barometer for fiscal health. The trend toward sustainable borrowing, strategic planning, and revenue generation must continue for Nigeria’s economic stability and inclusive growth.

  • 6 Key Takeaways From AGN Super App Launch & Nollywood Centre Unveiling in Abuja

    6 Key Takeaways From AGN Super App Launch & Nollywood Centre Unveiling in Abuja

    The Actors Guild of Nigeria (AGN) made a historic leap into the digital age with the official unveiling of its AGN Super App and newly furnished National Secretariat—The Nollywood Centre—in Abuja.

    The event, which marks a major milestone for Nollywood, brought together top government officials, tech innovators, diplomatic representatives and film industry stakeholders.

    Here are six major highlights from the groundbreaking launch:

    1. Driving Nollywood’s Digital Transformation with the AGN Super App
    The AGN Super App is a one-stop digital hub revolutionizing how members interact with the Guild. From digital registration, dues payments, and ID card issuance, to welfare access, the app centralizes services and streamlines operations. It also includes interactive fan features like behind-the-scenes footage, actor polls, and verified celebrity-fan engagement.

    2. Promoting Transparency and Governance Through Innovation
    The platform enhances accountability and transparency, offering real-time payment alerts, easy tracking of dues, and simplified governance tools. It’s a bold step toward modernizing AGN’s internal processes and boosting member confidence.

    3. Strategic Infrastructure Boost: The Nollywood Centre
    AGN also commissioned its state-of-the-art National Secretariat, dubbed the Nollywood Centre, strategically located in Abuja. This investment consolidates AGN’s operations, increases efficiency, and anchors its national and regional presence.

    4. Empowering Actors, Engaging Fans Like Never Before
    Actors now enjoy enhanced benefits such as digital IDs, welfare and health support, and direct networking opportunities. Fans gain exclusive content, contests, and official updates from their favorite Nollywood stars, making the app a true bridge between artists and their audience.

    5. A Visionary Step Led by AGN President Emeka Rollas
    AGN President Dr. Emeka Rollas, MON described the launch as a “transformative milestone”, declaring the Guild officially future-ready. He emphasized that both the digital platform and physical centre position AGN to connect Nollywood with global opportunities.

    6. High-Profile Support and Strategic Tech Partnerships
    The launch drew notable figures from the government, private sector, diplomatic community, and entertainment industry.

    Key partners such as YEBOX Technologies, SanlamAllianz Insurance Nigeria, Yebora and Axeon played vital roles in powering the tech, insurance and support infrastructure.

    Conclusion:
    The AGN Super App and Nollywood Centre represent a bold fusion of technology, culture, and leadership, signaling a new chapter for Nollywood. With these advancements, AGN is not just catching up—it’s setting the pace for the future of African entertainment.

  • TECH Personality of the Week: Engr. Ajibade Adetayo – Championing Innovation in Telecom and Engineering

    TECH Personality of the Week: Engr. Ajibade Adetayo – Championing Innovation in Telecom and Engineering

    This week, we spotlight Engr. Ajibade Adetayo, a visionary Nigerian engineer and digital transformation advocate who is redefining how technology intersects with infrastructure and telecommunications in Africa.

    Born into a family rooted in science and innovation—his father an agronomist and his mother a cosmetologist—Adetayo’s early academic journey through Bodija International School and Wesley College of Science, Ibadan, laid the foundation for a future driven by curiosity and excellence.

    Engr. Adetayo holds a Bachelor’s degree in Civil Engineering from the Federal University of Technology, Akure, and a Master’s in Civil & Environmental Engineering from the University of Lagos. A COREN-registered engineer, he also holds certifications from the Nigeria Institute of Management, IBM Mobile First, Google Cloud Platform, AI and IoT (AIOT), and Kubernetes, among others—making him a truly multi-disciplinary professional.

    His career spans critical projects in structural engineering, water resources, and enterprise software development within Nigeria’s evolving telecom landscape. His ability to blend engineering with emerging technologies has earned him accolades including the State Honor Award (2009), Leading Telecoms and Digital Economy Personality Award (ATCON, 2024), and the Tech Leadership Excellence Award (15WINS, Netherlands, 2024).

    As General Secretary of the Nigerian Institution of Civil Engineers (Lagos Chapter), Adetayo played a pivotal role in advancing professional development. Today, he leads Alpha Crown Engineering Associates Ltd, where his innovative use of AIOT and digital twin technologies has driven a 30% reduction in project costs, optimized delivery timelines, and contributed significantly to the company’s carbon-neutral goals.

    Beyond his professional accomplishments, Engr. Adetayo is a passionate STEM advocate, actively promoting tech education in secondary schools and inspiring the next generation of Nigerian innovators.

  • President Tinubu Signs Landmark Tax Reforms into Law: What It Means For Businesses

    President Tinubu Signs Landmark Tax Reforms into Law: What It Means For Businesses

    In a bold move to overhaul Nigeria’s tax system, President Bola Tinubu has signed four pivotal finance bills into law, marking a significant milestone in the country’s economic reform journey. The sweeping changes are designed to simplify taxation, boost voluntary compliance, and ease the financial burden on everyday Nigerians — especially low-income earners and small businesses.

    🔍 Overview of the New Tax Reforms

    The four newly signed laws include:

    • Nigeria Tax Act: Merges over 50 minor, overlapping taxes into a unified code, easing the burden of compliance.

    • Tax Administration Act: Harmonizes tax collection processes across federal, state, and local governments.

    • Nigeria Revenue Service Act: Establishes a new autonomous tax authority, the Nigeria Revenue Service (NRS), replacing the FIRS.

    • Joint Revenue Board Act: Enhances coordination among tax agencies and introduces a Tax Ombudsman and Tax Appeal Tribunal for resolving disputes.

    💸 Key Benefits and Changes for Citizens and Businesses

    • Income Tax Relief: Nigerians earning under ₦1 million annually will enjoy a ₦200,000 rent relief, exempting them from income tax.

    • VAT Exemption: No VAT on essential goods like food, baby products, rent, education, electricity, and healthcare services.

    • Small Business Boost: Enterprises earning less than ₦50 million per year are now exempt from company income tax and can file simpler returns.

    • Corporate Tax Cuts: Larger companies will benefit from reduced rates — from 30% down to 27.5% in 2025 and 25% in following years.

    • Tax Credits: Businesses can now claim back VAT paid on expenses and assets.

    • Support for Non-Profits: Educational, religious, and charitable organisations will enjoy tax exemptions, provided their income isn’t commercial.

    👪 Who Benefits the Most?

    • Low-income households: Relief on income tax and essentials will increase disposable income and reduce cost of living.

    • Small and informal businesses: Easier processes, no company income tax, and less bureaucratic red tape.

    • Large businesses: Lower corporate taxes and incentives to invest in infrastructure and services.

    ⚠️ Who May Pay More?

    • High-income earners: May face increased taxes on luxury items and capital gains.

    • Luxury consumers: Premium services and high-end goods now attract higher VAT rates.

    📉 Why the Reforms Were Needed

    Nigeria’s tax-to-GDP ratio stood just above 10% — far below the African average of 16–18%. The reforms aim to raise that figure to 18% by 2026, enabling the government to better fund infrastructure, healthcare, and education — without overburdening citizens or increasing taxes on essentials.

    🗣️ Public Reactions: Hope, Skepticism & Caution

    While many welcome the changes, questions linger about enforcement and trust:

    “I like that we won’t have to pay company tax anymore. But I hope they don’t just replace it with confusing levies,” said Chidinma, a small business owner in Lagos.

    “It’s good to hear about cheaper essentials, but I want to see it actually happen,” shared a civil servant in Abuja.

    Economist Emmanuel Idenyi cautioned: “Implementation is everything. If tax officials continue to pressure businesses unfairly, it may backfire.”

    Taiwo Oyedele, Chair of the Presidential Fiscal Policy & Tax Reform Committee, noted:

    “Ninety percent of Nigerians support these reforms — but we need widespread awareness and transparency to succeed.”

    These tax reforms represent a bold step toward inclusive economic growth, but their success hinges on trust, education, and fair enforcement.

  • Lagos Unveils Digital House Numbering to Curb Tax Evasion and Boost Smart City Vision

    Lagos Unveils Digital House Numbering to Curb Tax Evasion and Boost Smart City Vision

    In a bold step towards enhancing governance, the Lagos State Government has officially launched the Lagos Identity Project—a digital house-numbering initiative designed to revolutionize property identification, improve service delivery, and support urban planning across the state.

    Unveiled on Tuesday in Alausa, the project was introduced by Dr. Olajide Babajide, Special Adviser to Governor Babajide Sanwo-Olu on Enterprise Geographic Information System (e-GIS). He emphasized that the innovation will tackle long-standing challenges such as tax evasion, untraceable addresses, and delayed emergency responses.

    “This project is about delivering world-class services to Lagosians. From tax evasion to poor address traceability, these issues end here,” said Babajide.

    Digital Plates with QR Codes to Power Lagos Smart City Ambition

    At the core of the project are digital address plates embedded with QR codes and customized colour codes unique to each local government. These smart plates will provide real-time access to property details, aiding emergency services, improving postal operations, and ensuring more accurate urban development.

    The initiative also aims to reduce rental fraud and enhance location tracking, particularly in congested areas. Babajide linked the project to the broader smart city agenda of Lagos, citing earlier achievements like the state’s data center under the administration of President Bola Tinubu—efforts that have garnered international acclaim, including recognition from the World Bank.

    Currently piloting in Eti-Osa Local Government Area, the project will scale to all 57 LGAs and LCDAs upon successful implementation. It is being executed by trained local youth through the Ibile programme, ensuring grassroots participation and precise data capture. The initiative was developed in collaboration with Interspatial, a tech firm that conducted two years of aerial mapping for the project.

    “This is more than a project—it’s a legacy aligned with global standards for civic identity and data protection,” Babajide affirmed.

    Public-Private Partnership at Work

    Yinka Adesiyan, a technical partner and co-sponsor of the initiative, underscored the benefits of the digital system, noting that it will improve security, transparency, and operational efficiency in Lagos.

    “This goes far beyond assigning house numbers. It’s about making Lagos safer, smarter, and more connected,” Adesiyan said.

    He also revealed that the address plates include Know Your Customer (KYC) features, which will further enhance urban planning and citywide security.

    The Lagos State Government has fully funded the project—an investment Babajide says reflects a strong commitment to modernizing public services and governance.

  • Top 10 Largest Economies in the World And Their Leading GDP Contributors

    Top 10 Largest Economies in the World And Their Leading GDP Contributors

    The strength of a country’s economy is most commonly measured by its Gross Domestic Product (GDP), which represents the total value of all goods and services produced within a nation over a specific period—usually one year.

    According to the International Monetary Fund (IMF), the top 10 largest economies in the world in 2025 continue to be dominated by countries with robust service sectors, showcasing a global shift towards service-driven economic models.


    🌍 Top 10 Economies in the World by GDP (2025)

    Rank Country GDP (USD) Leading GDP Contributor Contribution (%)
    1 United States $28.78 trillion Services 77%
    2 China $18.53 trillion Services 55%
    3 Germany $4.59 trillion Services 63%
    4 Japan $4.11 trillion Services 71%
    5 India $3.94 trillion Services 50%
    6 United Kingdom $3.5 trillion Services 73%
    7 France $3.13 trillion Services 70%
    8 Brazil $2.33 trillion Services 58.91%
    9 Italy $2.33 trillion Services 64.3%
    10 Canada $2.44 trillion Services 69.7%

    🌐 Why the Services Sector Dominates

    From financial services, education, healthcare, and retail to technology and digital communication, the services sector continues to be the backbone of modern economies.

    • According to Statista, between 2013 and 2023, the services sector consistently accounted for the largest share of global GDP.

    • The industry sector—which includes manufacturing, mining, and construction—follows as the second-highest contributor.

    • Agriculture—comprising farming, fishing, and forestry—comes in third, playing a significant but smaller role in overall GDP composition.


    🔍 Africa’s Emerging Services Economy

    Africa is not left behind in this trend. The continent’s services sector now contributes over 50% of its GDP, signaling a strong shift toward economic diversification.

    Key contributors to this shift include:

    • Fintech & mobile money

    • E-commerce

    • Telecom & digital infrastructure

    • Urbanization and youth-driven innovation

    Countries like Nigeria, Kenya, South Africa, Egypt, and Ghana are leading the way, driven by mobile connectivity and tech startups revolutionizing everything from banking to logistics.

    📌 Final Thoughts

    The IMF data highlights a global transition toward service-based economies. This shift has major implications for policy, investment, and workforce development, especially in emerging markets like Africa.

    As nations evolve, the service sector’s role in shaping economic resilience and growth becomes even more vital—setting the pace for future prosperity.

    — Powered by IMF data

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