Telecom
5G: CBN Gives Telcos Forex Priority

Central Bank of Nigeria (CBN) has placed the telecommunication sector on the priority list for access to foreign exchange.

This is coming ahead of the deployment of fifth generation technology (5G)
The Global System for Mobile Communications Association in late 2021 said Nigeria needs about $500m and 6000 base stations to roll out 5G in 10 cities.
The CBN’s decision means telcos can now access adequate forex to acquire major equipment from overseas for 5G deployment, and enhance their other forex-related activities.
In November 2021, Gbenga Adebayo, chairman, Association of Licensed Telecoms Operators of Nigeria (ALTON), said lack of seamless access to forex and other factors were affecting the growth of the sector.
However, in an interview with the Punch, Adebayo said the CBN’s latest decision meant telcos could access adequate forex to fulfill their international obligations and invest in infrastructure as well.
He said, “We are grateful to the CBN for this listing, for the priority consideration. We are also grateful to the minister for his intervention in this regard.
“This will allow players to honour our international obligations. As you are aware, international traffic is exchanged with foreign countries, so operators can honour the obligations (with equipment suppliers and bandwidth providers), all of those activities which supply support for the industry are denominated in foreign exchange.
“The other thing is that it enables procurement of equipment. It makes it easier to procure software and hardware. It will help the development of the sector. Also, now that we are talking about the 5G rollout, the players will have better access. It is for the good of all, we are grateful to the authorities for making this happen.”
According to a source in ALTON, telecommunication companies got priority access as a result of the engagements with the Federal Government through the Nigerian Communications Commission, the minister overseeing the sector and the office of the National Security Adviser.
The source said, “Prior to this time, it was very difficult as we had to source our forex. But we had to engage the Federal Government through the NCC, the minister, and the office of the National Security Adviser.
“We have been on the issue of exemption for a long time. As you know that the manufacturing and the power sector have been under the priority list, while telecoms have been left out. And most of the equipment we are using is imported. We use the same equipment as others in foreign countries.”
According to Olusola Teniola, national coordinator, Alliance for Affordable Internet, the latest development will improve network capacity across the nation. He said, “The bedrock of the digital economy is telecommunication, and it is the enabler for most modern society.
“For us in the industry, we are happy and we know this will only improve our capacity to build networks that have been delayed, slowed down, or even cancelled. This means that the network coverage of the country will be improved with the procurement of new network facilities; it also means there will be enthusiasm on the part of those looking to invest in the country. This is because investors will know that one of the impediments to investment has been removed-the ability to get forex out of the country.”
Also speaking, a source in one of the telecommunication companies said, “We are in a business that is FX denominated. We don’t produce anything locally, we import everything. Don’t also forget that 5G is around the corner, so we need to bring in a lot of equipment.”
Telecom
George Agu to Lead Discussions at Afritech 5.0

The organisers of the Africa Tech Alliance Forum (AfriTECH 5.0) are delighted to announce George Agu, a distinguished technology entrepreneur and executive, as one of the keynote speakers at this year’s edition themed “AI & Sovereign Tech: Building Africa’s Digital Independence.”

Agu, the MD/CEO of ActivEdge Technologies Limited, is an astute founder and technology leader whose illustrious career spans over twenty-five years across core banking systems, enterprise applications, fintech, cybersecurity, and AI-powered e-government services. His experience blends strong technical expertise with strategic business leadership, having successfully built and scaled enterprise and public-sector technology platforms across West, East, and Southern Africa.
A Certified Information Systems Auditor (CISA) and Certified Information Security Manager (CISM), Agu is also an alumnus of The Wharton School and the London School of Economics (LSE) through executive education, with specialisations in Entrepreneurship Acceleration, FinTech Revolution, Strategic Innovation, and Public Policy Analysis.
He began his professional journey as a software developer at CSA Nigeria in 2000, later joining Neptune Software, where he rose from Systems Implementation Manager to Managing Director/CEO for West Africa. At Neptune, he played a pivotal role in the success of the Equinox and Orbit core-banking platforms, with Orbit earning the No. 1 global ranking in microfinance core banking by CGAP (Washington DC).
As a serial founder, Agu established ActivEdge Technologies, a pan-African systems integrator delivering solutions in cybersecurity, GRC, enterprise automation, cloud, and core infrastructure, executing projects in more than six African countries.
He went on to found PayEdge, a fintech company addressing MSME liquidity and supply-chain finance challenges, and Introspec, a settlement and reconciliation platform used by banks in over fifteen African countries.
His latest innovation, HarmonyEdge, is an AI-powered e-government platform that digitises workflows, enables analytics and decisioning, supports citizen engagement, and powers payment and e-reconciliation systems — currently being piloted in a leading African nation.
Beyond entrepreneurship, George Agu contributes actively at board and civic levels. He serves on the Abia State Global Economic Advisory Council, chairing a sector committee, and on the board of TN Cybertech Bank, where he leads the Technology and Strategy Committee.
He also chairs the Business Roundtable of the African Bar Association and serves as Deputy President of the South East–South South Professionals.
Speaking ahead of AfriTECH 5.0, Mr. Chike Onwuegbuchi, co-convener, described Agu as a “seasoned technology visionary whose work embodies the spirit of African innovation and digital self-reliance.”
“His keynote will provide practical insights on how AI and sovereign technologies can redefine digital transformation across Africa’s public and private sectors”, Onwuegbuchi said.
AfriTECH 5.0 will convene industry leaders, policymakers, investors, and innovators to explore the role of AI and indigenous technologies in driving Africa’s digital independence.
The event is supported by NCC with Digital Encode Limited as the Platinum Sponsor. Other Gold sponsors are Galaxy Backbone, itel, Digital Realty, ActivEdge Technologies, Tecom, Tizel Cybersecurity, AfriGoPay Financial Services Limited, SKOT Communications and other ecosystem partners.
Telecom
Transforming Africa: NITDA DG Makes Urgent Call for Digital Investment

Kashifu Inuwa, director general of the National Information Technology Development Agency (NITDA), has called for urgent and strategic investment in Africa’s digital public infrastructure, describing it as the foundation for sustainable economic transformation, job creation, and intra-African trade.

Speaking at the 2nd annual Sustainability Week Africa held at The Westin, Cape Town, South Africa, Inuwa emphasized that Africa’s economic destiny hinges on its own “compute capacity,” which he described as a primary factor of production in the 21st century.
“In the 21st century, compute power is a primary factor of production, and we cannot rely on exporting our raw data to other regions to process it and build products for us,” Inuwa said during a panel session on Digital Infrastructure for Jobs and Trade in Africa.
He urged African governments to emulate Europe’s collaborative approach to building high-performance supercomputers and AI factories by creating policy incentives that attract private sector investment in digital infrastructure.
Digital public infrastructure (DPI), he explained, operates at two levels: the shared physical and technical infrastructure such as connectivity and cloud capacity; and the functional layer, which includes digital identity, payment systems, and data exchange platforms that enable seamless access to services.
Citing Nigeria’s progress, the NITDA DG disclosed that over 130 million Nigerians have been enrolled under the national digital identity system.
He also revealed ongoing efforts to establish a national data exchange platform and a DPI Centre of Excellence to promote interoperability and best practices across all tiers of government.
“The Minister of Communications, Innovation, and Digital Economy in Nigeria, Dr Bosun Tijani, is leading and pushing for establishing a DPI centre of excellence, where we can have people building the actual DPI data exchange well, building APIs, and also coming up with best practices,” Inuwa stated.
On digital literacy, Inuwa reiterated Nigeria’s commitment to achieving 95% digital literacy by 2030 and 70% by 2027 under the National Digital Literacy Framework.
He noted that digital skills have become mandatory for students and civil servants, with partnerships involving Cisco and the National Youth Service Corps (NYSC) to train youth, women, and market traders in digital tools and AI-powered applications.
He called for clear policy frameworks to guide AI adoption and technology development across Africa, stressing that digital transformation is not a sector but an enabler for every sector of the economy.
“In Africa, we need to have our digital circuits by building our own capacity for digital self-determination. We should not rely on other countries to be sending hardware and software to us because our goal is to build a better life for our citizens, and technology will help us achieve that,” he said.
Inuwa concluded by advocating stronger coordination between governments, the private sector, and development partners to harmonise digital standards and scale innovation across the continent.
“Africa’s advantage lies in our ability to leap, to build collaboratively, and to design technology for inclusion. If we build the digital rails together, our youth will drive Africa straight into the heart of the global digital economy,” he said.
Sustainability Week Africa is a continental platform that showcases practical ways for governments, businesses, and communities to embrace green growth. The 2025 edition focused on Africa’s role in driving energy transition, climate resilience, and sustainable development.
Telecom
Meta, NDPC to Finalize $32.8m Data Privacy Settlement Terms November 3

Nigeria Data Protection Commission (NDPC) and Meta Platforms Inc. are set to formally adopt the final terms of a $32.8 million data privacy settlement before the Federal High Court in Abuja on Nov. 3, following months of negotiations over alleged breaches of Nigeria’s data protection laws.

The NDPC had in February 2025 imposed a $32.8 million sanction on Meta, alongside eight corrective orders, for allegedly violating the Nigeria Data Protection Act 2023.
The commission accused the global tech giant of engaging in behavioural advertising without obtaining proper user consent and transferring Nigerian user data abroad without legal authorization.
According to the NDPC, Meta’s practices contravened core principles of transparency and accountability in data processing, prompting the regulator to take enforcement action under the newly enacted data protection law.
Meta subsequently approached the court seeking a review of the commission’s decision and a stay of enforcement. However, the court declined the request, paving the way for both parties to enter into negotiations aimed at resolving the dispute amicably.
At the latest hearing, Meta’s counsel, Mr. Fred Onuobia (SAN), informed the court that both parties had reached a settlement agreement. Justice James Omotosho, presiding over the matter, welcomed the development but emphasized the need for judicial scrutiny of the settlement terms.
“There have been instances where issues not part of the original suit are smuggled into settlement terms. The court must therefore examine the document carefully before approval,” Justice Omotosho stated, before fixing Nov. 3 for formal adoption of the agreement.
The settlement, once adopted, is expected to conclude one of Nigeria’s most significant data protection enforcement cases and could set a major precedent for how global technology firms operate within the country’s regulatory framework.
Legal analysts say the case underscores the growing assertiveness of Nigeria’s data protection regime and signals a shift toward stricter compliance expectations for multinational digital platforms operating in the country.
The Nigeria Data Protection Act 2023, signed into law to strengthen privacy rights and data governance, empowers the NDPC to investigate violations, impose sanctions, and enforce corrective measures to safeguard citizens’ personal data.
Meta, which owns Facebook, Instagram, and WhatsApp, has faced increasing scrutiny globally over its data handling practices. The outcome of the Nigerian case is expected to influence future engagements between regulators and tech firms across Africa.
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