Nigeria’s digital economy faces a growing threat from a shortage of skilled manpower, putting an estimated $11 billion in annual industry revenue at risk. Experts warn that the skills gap also threatens Nigeria’s goal to increase the Information and Communication Technology (ICT) sector’s contribution to Gross Domestic Product (GDP) to 21 per cent by 2027. …
As discussions about Nigeria hitting a $1 trillion economy target by 2030 continue, experts have hinted at the indispensable role of Small and Medium-sized Enterprises (SMEs), in realizing that goal. SMEs, which form the backbone of the economy (contributing nearly 50 per cent to GDP and over 80 per cent to employment), must be at …
Africa’s next economic revolution may not come from its oil wells, gold mines, or farmlands but from trust, transparency, and technology. A new survey by Co-Develop, released on the sidelines of the Global Digital Public Infrastructure (DPI) Summit 2025 in Cape Town, has revealed a groundbreaking trend. Across six African countries, citizens overwhelmingly believe that …
In the shifting landscape of Nigeria’s investment economy, a silent revolution is underway. It is not powered by oil rigs or government budgets but by data, digital innovation, and private capital that are redefining how Nigerian startups grow, scale, and survive. For the first time in decades, private equity (PE) and venture capital (VC) have …
Nigeria’s drive toward full financial inclusion has entered a defining phase, one where digital identity, smart regulation, and data-led innovation will determine who gets left behind in Africa’s largest economy. At the Semafor “Next 3 Billion Tour” held in Abuja this week, Minister of State for Finance, Dr Doris Uzoka-Anite, announced that the Federal …
Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, says the country’s new $2 billion broadband rollout could boost GDP growth, enable digital inclusion, and position Nigeria as Africa’s next global tech exporter. Nigeria is making an audacious bet that fibre-optic broadband and innovation hubs can unlock the nation’s long-anticipated digital wealth. Speaking at …
As Nigeria pushes for a digital revolution to drive economic growth, the Lagos Business School (LBS) has projected that the country's e-commerce market will exceed $16 billion by 2030. The Dean of Lagos Business School, Professor Olayinka David-West, stated this on Saturday in Lagos, at the 35th annual conference of the Finance Correspondents Association of …
The Federal Inland Revenue Service (FIRS) has dismissed claims that Nigerians must present a separate Tax Identification Number (TIN) to open or operate bank accounts. Arabinrin Aderonke Atoyebi, technical assistant on broadcast media to the FIRS chairman, Zacch Adedeji, said Nigeria’s tax framework now integrates with existing national registries. This approach, she explained, makes individuals …
President Bola Tinubu has approved the termination of the appointment of Fegho John Umunubo as Special Assistant to the President on Digital and Creative Economy in the Office of the Vice President. The announcement was contained in a statement issued on Monday, September 8, 2025, by Abiodun Oladunjoye, Director of Information and Public Relations at …
The Nigerian Communications Commission (NCC) has stepped up efforts to protect the nation’s telecom infrastructure with a new cybersecurity framework set to take effect in early 2026. Speaking at the second phase of its cybersecurity stakeholder workshop in Abuja, NCC’s Executive Commissioner, Technical Services, Abraham Oshadami, said the framework targets the growing wave of cyber …
