News
CBN, NIgComSat Ink Nationwide Internet Hotspots Deal
Central Bank of Nigeria(CBN) announced at the weekend that in a matter of days, it will sign a multibillion naira contract with Nigerian Communication Satellite (NigComSat ) Limited to power the platform to boost the apex bank’s nationwide cashless initiative and empower primary, secondary schools and the entire banking industry with real time internet connectivity, the
Mallam Sanusi Lamido Sanusi, CBN governor, announced this at the weekend when he launched Bank Verification Number Biometric Solution in Lagos.
The digital initiative contract with NIGCOMSAT which is expected to be ratified early next week will create hotspots in all the 774 Local Government Areas in Nigeria for seamless Internet connectivity via satellite.
“All financial access points in the country will have dedicated hotspots through dedicated access points for the benefit of the banks and their customers”.
The apex bank,s helmsman also said this same service will be available in many primary and secondary schools across the 774 council areas in the country will be fitted with Internet hotspots for digital empowerment of this section of youths and future leaders.
Although the connection to schools shall be part of the Corporate Social Responsibility (CSR) of the apex bank, Sanusi added that “ every Nigerian bank will be connected to this platform whether the banks are located here in Nigeria or elsewhere in the global community.
This will enable customers access to online real time banking services whether they live in the villages of Bayelsa or desert environment in Yobe States”
On the biometric solution platform, the CBN Governor said when ever you enter a bank henceforth irrespective of the location, transactions will be done with finger prints.
Apart from being almost fool proof, it is expected to minimize the incidents of fraud and “in a few years, we will have a banking industry that is not only efficient but an industry to be proud of”
Mobile money will also be available on customers finger tips, the Governor said, adding that the CBN has initiated all of these in collaboration with the Ministry of Communications Technology; the Bankers Committee; Chams Plc; and Mr Tunde Lemo, immediate past deputy governor in charge of Operations; and the German Company Dorman Long.
The CBN, Sanusi explained, will fund the Internet connectivity in the first four years and all those who would receive Internet services through the designated nationwide hotspots will do so free of charge, adding that “this legacy is more than the banking reforms which we have started”
Sanusi added that “innovative banks can now think in a limitless manner that is opened to them by a combination of the biometric, Internet availability via NIGCOMSAT and in a few years, you will have an industry that is the most efficient in the world by simply leveraging on the potentials of the solutions”
All Automated Teller Machines (ATMs) and Point Of Sales (POS) in every village will be linked seamlessly to satellite, he added.
Indeed, these solutions will efficiently take a lot of burden off the banks to enable them concentrate on how to woo customers and offer them services that will bring comfort to them, he further explained.
News
Head of Civil Service Celebrates 100 Days in Office with the Launch of Galaxy Backbone’s “Govmail”
In a landmark moment for Nigeria’s public service, the Head of Civil Service of the Federation, Mrs. Didi Esther Walson-Jack, OON, MINI, today marked her 100 days in office and officially launched three digital services platforms for the Civil Service.
These include, Govmail, ServiceWise GPT and the Federal Civil Service Online Portal. These platforms, underscore President Bola Ahmed Tinubu’s administration’s commitment to enhancing digital governance and driving innovation across the nation’s Federal Civil Service.
Govmail, an email platform developed and powered by Galaxy Backbone (GBB) is an innovative solution set to enhance communication, boost efficiency, and accelerate Nigeria’s digital transformation journey within the public sector.
Speaking at a meeting where the Govmail Interface was first officially presented and demonstrated to her, the Head of Civil Service expressed her excitement about the platform, stating, “GBB’s Govmail is unbelievably WOW!
This is a game-changer for our nation’s civil service, streamlining communication and creating a secure path to other government digital services. With Govmail, we are truly embracing the future of digital governance.”
Govmail is a secure, Nigeria-centric email platform designed by a team from Galaxy Backbone, exclusively for public service professionals. It ensures that all official communication are seamlessly managed while safeguarding Nigeria’s data sovereignty. The initiative emerged as a key outcome of the Digitalisation War Room, established by Mrs. Walson- Jack, to drive the implementation of cutting-edge digital solutions in government.
Commenting on this milestone, Professor Ibrahim A. Adeyanju, Managing Director/CEO of Galaxy Backbone, shared, “We are immensely proud to have developed this revolutionary platform, ensuring that every Nigerian civil servant has access to a robust and secure communication channel.
Govmail is not just about email—it’s about enabling productivity, efficiency, and sovereignty in governance. Galaxy Backbone remains committed to driving the digital transformation of Nigeria’s public sector.”
The Permanent Secretary, Federal Ministry of Communications, Innovation & Digital Economy, Engr. Faruk Yusuf Yabo emphasized the strategic importance of the Govmail for the nation’s Civil Service stating that “Govmail significantly reduces the government’s reliance on foreign email platforms, cutting costs and addressing licensing challenges. This is a commendable achievement by the Head of Service and the leadership of Galaxy Backbone.”
Through GBB’s dedicated efforts, Govmail will rapidly roll out email accounts to over 70,000 Federal civil servants across Nigeria, ensuring every government professional is equipped with a secure communication platform in record time. This initiative aligns with Nigeria’s goal of leveraging technology to build a digitally driven and globally competitive public service.
News
Senate Approves New $2.2Bn External Borrowing for Nigeria
The Senate has approved the new external borrowing plan request of $2.2 billion presented for consideration by President Bola Tinubu.
The approval followed the adoption of the report of the Senate Committee on Local and Foreign Debts at the plenary session on Thursday.
The report was presented by the Sen. Aliyu Wammako, chairman of the Committee.
President Bola Tinubu had on Tuesday, Nov 19, in separate letters to both chambers of the National Assembly, requested approval of a $2.2 billion external borrowing plan to part fund the N9.7 trillion deficit in the 2024 budget .
Senate upon receipt of the request, mandated its committee on local and foreign debts to expeditiously ensure further legislative inputs on the request and report back within 24 hours.
Presenting the committee‘s report, Wammako said the presidential request was very necessary for approval.
He said the loan request would be utilised for execution of ongoing projects and programmes in the 2024 appropriation act , saying that the projects were critical for national growth and development.
“It will contribute to the implementation of the debt management strategy, which seeks to reduce the cost of borrowing.
” It will lengthen maturity of the public debt stock, free – up space in the domestic market for other borrowers, and help increase Nigeria’s external reserves .” Wammako said Nigeria could raise all or part of the 2.2billion dollars through the issuance of Eurobonds in the International Capital Market ( ICM) .
Wammako thereafter is recommended as follows:
“That the Senate do approve the implementation of the new external borrowing of 2.2 billion dollars at the budget exchange rate of one dollars to N800 in the 2024 appropriation act and that the amount should be raised from one or more sources.
“Namely, issuance of eurobonds in the ICM, issuance of debut sovereign Sukuk in the ICM, and bridge, syndicated loans, subject to market conditions.”
The report was thereafter unanimously approved via an affirmative voice vote.
In his remarks after the approval, Senator Jibrin Barau, deputy president of the Senate, who presided plenary, commended the Wammako led committee for a job well done.
News
Airtel, Mobihealth Partner to Improve Healthcare Access for Nigerians
Airtel Nigeria, a telecommunication and mobile money service provider, has announced a groundbreaking partnership with Mobihealth International, a pioneering telehealth service provider.
This strategic collaboration is set to significantly improve healthcare access for millions of people across Nigeria, particularly in underserved communities.
Under this partnership, Nigerians will enjoy affordable and round the clock access to Mobihealth’s innovative telemedicine services, allowing them to connect with licensed healthcare professionals from the comfort of their homes via mobile phones.
Mobihealth’s platform offers a range of services including 24/7 teleconsultations, prescription services, delivery of genuine medications, and access to international medical specialists.
A Game Changer for Healthcare in Africa
Airtel’s vast network infrastructure will empower Mobihealth to extend its reach to rural and remote areas, ensuring that even the most vulnerable populations can access quality healthcare. This partnership also aims to support the government’s efforts at resolving the nation’s healthcare challenges, including limited access to doctors, high healthcare costs, and a shortage of medical facilities.
Speaking on the partnership, Femi Oshinlaja, Chief Commercial Officer of Airtel Nigeria, stated, “We believe that telemedicine will play a crucial role in Nigeria’s healthcare future. Our partnership with Mobihealth showcases our dedication to providing innovative solutions that significantly improve the lives of Nigerians.”
Dr. Funmi Adewara, Founder and CEO of Mobihealth, added: “This partnership with Airtel is a major milestone in our mission to democratize healthcare in Africa. Together, we will offer a lifeline to millions who face barriers to accessing timely, affordable, and quality medical care. Our telehealth platform will provide convenient access to qualified doctors, diagnostics, and treatments, ensuring that no one is left behind.”
This collaboration is expected to transform the healthcare landscape across Nigeria, making healthcare services more accessible, affordable, and effective.
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