Tag: Digital Economy

  • Wema Bank sets ₦120m prize pool for Hackaholics 6.0 grand finale

    Wema Bank sets ₦120m prize pool for Hackaholics 6.0 grand finale

    Photo Credit: Wema Bank Logo – The Nation
    2025-12-14

    According to The Nation, Wema Bank has announced a ₦120 million prize pool for the Hackaholics 6.0 grand finale after regional pitches produced finalist teams, positioning the programme as a pipeline for youth-led innovation.

    The initiative is expected to bring finalists into a competitive showcase where ideas are assessed for product readiness and potential market impact.

    Vanguard also reported the ₦120 million prize pool and quoted Wema Bank leadership on the role of young innovators in shaping technology and nation-building.

    Leadership likewise reported the same prize pool and described it as funding support for finalists advancing to the finale.

    Analysis/Echotitbits take: Prize pools are attractive, but the real value is what happens after the finale—mentorship, pilots, distribution and investor access. Watch for the winning solutions, whether they get real-world deployment opportunities, and whether Wema publishes post-programme outcomes that show scaling beyond the event.

    Source: The Nation — 14 Dec 2025 (https://thenationonlineng.net/wema-bank-unveils-n120m-prize-for-hackaholics-grand-finale/)

  • FG Secures Over ₦6bn Private Funding to Scale 3MTT Tech Training

    FG Secures Over ₦6bn Private Funding to Scale 3MTT Tech Training

    Photo Credit:Punch Newspapers

    The Federal Government has secured more than ₦6 billion in private‑sector commitments to expand the 3 Million Technical Talent (3MTT) programme nationwide. Minister of Communications, Innovation and Digital Economy, Bosun Tijani, said the new funding will support training centres, learning devices and job‑placement pipelines for young Nigerians entering tech careers.

    Partners include local and international firms seeking to build talent for software development, cloud computing, cybersecurity and other in‑demand skills. The government hopes the initiative will position Nigeria as Africa’s tech‑talent hub, deepen digital inclusion and contribute to non‑oil export earnings.

    Source: Punch Newspapers – 11 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 11 Dec 2025 2025-12-11

  • SIM registration: FG Backtracks on NIN Retrieval Fee

    SIM registration: FG Backtracks on NIN Retrieval Fee

    The N20 USSD fee imposed by Nigerian telecommunications and National Identity Management Commission on subscribers for National Identification Number retrieval requests has been canceled.

    The Minister of Communications and Digital Economy, Isa Pantami directed the Nigerian Communications Commission and the National Identity Management Commission to remove the fee.

    Recently, NCC directed telecommunication service providers to block SIM cards not registered with NIN, giving a two weeks deadline for SIM holders in Nigeria to respond.

    Authorities had listed 173 centres and 30 state government institutions approved for NIN enrolment across country.

    Part of issues arising from the directive was that subscribers who had enrolled for NIN in the past might not remember their identification numbers, a situation telecos and government’s registration agency, NIN sought to exploit by requiring citizens to pay a fee for the retrieval.

    According to a statement on Friday by the spokesperson for the minister, Uwa Suleiman, the government ordered telcos to stop the deduction for NIN retrieval.

    “The Minister of Communication and Digital Economy, Isa Pantami, Orders Cancellation Of NIN Retrieval Charge Across All Networks’.

    “The Minister’s directive which takes immediate effect, is an intervention aimed at making the process easier and affordable.

    “In a letter conveying the implementation of the directive, the Executive Vice Chairman NCC and the Director-General of NIMC informed Dr Pantami that the relevant authorities had met with, and negotiated a waiver with the Mobile Network Operators in that regard.

    “By this waiver, all Nigerians, subscribers and applicants can access the service using the *346# code for their NIN retrieval at no charge for the duration of the NIN/SIM Card integration exercise”, the statement read.

  • Buhari moves NIMC to Federal Ministry of Communications and Digital Economy

    Buhari moves NIMC to Federal Ministry of Communications and Digital Economy

    Nigeria’s Federal Government has transferred the operations of  the National Identity Management Commission (NIMC) to the Federal Ministry of Communications and Digital Economy.

    This was made known by the Minister of Communication and Digital Economy, Mallam Isa Ali Pantami, who in a statement signed by his sokesperson, Mrs Uwa Suleiman, confirmed that President Muhammadu Buhari approved for the transfer of the agency to his ministry.

    Pantanmi said the decision of government was based on the President’s consideration for the critical role of NIMC towards the realisation of the objectives of the National Digital Economy Policy and Strategy for a Digital Nigeria (NDEPS).

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    He noted that this was in line with the effort to ensure that synergy and effective ministry supervisory mechanism is put in place to coordinate, monitor and track the progress of Federal Government’s digital transformation initiatives.

    The Minister noted that the President’s directives for NIMC to be under the supervision of the Federal Ministry of Communications and Digital Economy is an illustration of Mr President’s vote of confidence on the Minister of Communications and Digital Economy, based on his performance adding that Pantami had within his first year in office, amongst others, resolved the ICT sector’s decade-long dilemma of Right of Way charges.

    “He was also able to secure Mr President’s approval for the provision of security as well as designation of Telecommunications Infrastructure as Critical National Infrastructure, regularization of improperly registered SIM cards and deactivation of unregistered ones, the deployment of over 250 digital projects across the country under his policies and supervision as well as built the capacity of over 36,000 Nigerians,” she added.

    Recalling NIMC’s mandates to create, manage, maintain and operate the National Identity Database established by the NIMC Act, 2007, Suleiman stated that the Commission has so far registered around 41 million eligible enrollees for the National Identity Number (NIN).

    According to her, “The Nigerian Communications Commission (NCC) on the other hand has details of over 191 million mobile subscribers. Furthermore, the National Information Technology Development Agency has recorded huge successes in the development and implementation of the Nigeria Data Protection Regulation (NDPR), the country’s first codified data protection regulation. The Agency has also reached an advanced stage on the implementation of the National Public Key Infrastructure (NPKI). Galaxy Backbone Limited (GBB) also provides services to Government Agencies – Infrastructure-as-a-Service, Platform-as-a-Service and Software-as-a-Service.”

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    Suleiman therefore emphasized the need for NIMC, NCC, NITDA and GBB to work closely together under the supervision of one Ministry towards harnessing what has already been achieved.

    She said that the NIN, considered as a social security as well as civil number, is very important for economic planning and social intervention. With Federal Government’s digitalization initiatives in line with the National Digital Economy Policy and Strategy, access to services and interventions will require it.

    “We therefore urge all eligible individuals to enroll as soon as possible. Furthermore, the Honourable Minister is assuring Nigerians as well as residents that appropriate measures will be put in place to ensure that opportunities for enrollment are provided to all.”