E-Business
Confusion, Criticisms Hit NIMC’s Proposed Multiple National ID Cards

There’ve been mixed reactions in Nigeria after the federal government unveiled plans to introduce a new multi-purpose national digital ID card, with some describing it as a duplicative effort and a waste of resources.
Also, Chief Sunny Onuesoke, Peoples Democratic Party (PDP) chieftain and former Delta State governorship aspirant, has said the Federal Government’s initiative to introduce three National identity cards for citizens is nothing but a waste of resources of the people.
Just last in a statement, the National Identity Management Commission (NIMC), said the new ID card, whose launch is supported by the Central Bank of Nigeria and the Nigeria Inter-bank Settlement System, will have payments and social service delivery functions, and will facilitate access to other services including travel, health insurance information, microloans, agriculture, food stamps, transport, and energy subsidies, just to mention a few.
The agency added that among other features, the credential, to be powered by a national ID card scheme dubbed AfriGo, will have a machine-readable zone (MRZ) in line with ICAO’s standards for biometric passports, a QR code that will contain the holder’s national identification number (NIN), and the possibility for face and fingerprints biometric authentication as the primary medium for identity verification through the data on the card chip.
After the NIMC announcement, Ayodele Babalola, technical adviser for Media and Communications, NIMC, later made a declaration which appeared to be different from the substance of the ID authority’s April 5 statement.
In an interview with Punch, the official said three new cards will be introduced (apparently different from the announced multi-function card), and they’ll comprise a bank-enabled ID, a social protection card and another – the (ENBIC) which will be used within the West African community.
He didn’t not mention when these cards will be launched, saying the decision would be sequel to a clearance by the presidency.
The number of new cards to be introduced notwithstanding, the announcements come as Nigeria is pursing efforts to expand coverage of the NIN – another digital ID – which has so far been issued to nearly 105 million people.
The World Bank recently lauded Nigeria’s NIN issuance progress in a report.
Different states in the country, including Edo and Lagos also have biometric resident ID cards for different purposes.
Across the country’s social media space, there have been strong criticism of the NIMC’s announcement of yet other cards.
“We have NIN and voter’s card. What stops the federal government from integrating whatever technology they have from those? Putting Nigerians through another round of stress is unnecessary. This smells like a well packaged fraud as usual. We are not kids anymore,” Rita Sunshine, an X user commented under the NIMC’s announcement.
Another X user identified as AI Ken asked rhetorical questions: “APC season of national card Vs new card. Are all these for our benefits or for the benefit of contractors? What is the different between NIN, PVC, BVN and this upcoming card?”
Elsewhere, Onuesoke, PDP chieftain, described the plan NIMC initiative as a big joke that will be tantamount to the waste of the depleted national funds, taxpayers’ money and waste of time of the masses.
Onuesoke said that it was amazing that Nigerian leaders are always avoiding the main problems that need to be resolved in the country, but go after duplicated ones that may end up creating more problems for Nigerians.
He argued that it is better and probably more efficient to have one identity database that covers all Nigerians, rather than multiple sectoral identity databases that may be a source of confusion or even a loophole for fraud.
He maintained that the government could just, as well, have focused on getting Nigerians to obtain the NIN means of identity just as he described the exercise of obtaining other identities as a waste of funds, time, human resources and misplacement of priorities.
“This country is a huge joke. Always avoiding the main problems that needed to be solved but rather going after artificial issues.
“We already have the BVN, NIN, PVC, driver’s license and international passport. Why do we need three national identity cards? What is really wrong with our leaders?
“At every slightest opportunity, they want to cash out by duplicating projects and subjecting the masses to another round of torture by going to queue for this arrant nonsense,” he averred.
E-Business
NDPC, Mastercard Partner to Strengthen Data Protection

Nigeria Data Protection Commission (NDPC) has signed a Memorandum of Understanding with Mastercard to enhance data protection in Nigeria.

Dr. Vincent Olatunji, commissioner, NDPC and Derek Ho,deputy chief privacy officer, Mastercard
The agreement was sealed during a workshop where 150 Data Protection Officers (DPOs) were trained on Data Protection Impact Assessments (DPIAs).
Dr. Vincent Olatunji, commissioner, NDPC, said the event kicks off activities for the 8th NADPA conference, highlighting government efforts to train more certified DPOs.
Olatunji also disclosed the Federal Government’s commitment to increasing the number of certified DPOs with the required skills to manage data protection.
He noted that Nigeria’s digital-savvy youth are key to driving this agenda.
“Human capital is really key to us, and the ecosystem we are regulating is very special. It is still new, still emerging, and we need all we can to build the capacity of officers.
“We want to build the capacity of our people so we can be able to deliver on our mandate and fully deepen privacy in Nigeria.
“We are targeting to build the capacity of 250,000 DPOs annually, and we are working with partners like Mastercard to achieve that,” he said.
Derek Ho,deputy chief privacy officer, Mastercard, also stressed the need for collaboration to build trust in the digital economy and urged participants to embrace training as data protection keeps evolving.
E-Business
CSCS Launches *7270#, USSD Code Service

Central Securities Clearing System PLC (CSCS) has announced the launch of *7270#, its Unstructured Supplementary Service Data (USSD) code service, set to go live on May 8th, 2025.
The USSD code service is an innovative solution designed to enhance the ease and accessibility of investment services for all users.
Also, this service leverages the network capabilities of MTN Nigeria to bring unparalleled convenience to investors.
Driven by a relentless commitment to innovation, CSCS aims to revolutionize information access within the Nigerian capital market through this USSD code service.
As the Central Securities Depository (CSD), CSCS focuses on enhancing investor experiences and providing deeper market insights with unparalleled convenience.
The CSCS USSD code service offers seamless access to essential market information directly from mobile phones, eliminating the need for internet connectivity or specialized trading platforms.
Investors can now effortlessly retrieve Clearing House Number (CHN), check Direct Cash Settlement (DCS) status, view stock positions, account balances, and account status confirmations.
Haruna Jalo-Waziri, managing director/chief executive officer of CSCS, said ” We are excited to launch the *7270# USSD code service, a significant step in leveraging mobile technology to democratize access to account and portfolio information.
“This service empowers every investor, regardless of their location or resources, to stay informed about their investments. At CSCS, we believe that financial inclusivity is key to driving economic growth.
“Our partnership with MTN Nigeria on this project represents a significant leap toward a more inclusive financial landscape, leveraging the spread of the MTN network.
“This collaboration enhances the investing experience, reinforcing our shared commitment to empowering individuals with the tools they need to manage their financial futures effectively.” he added.
The CSCS USSD code service will initially be available to MTN users only. However, CSCS plans to expand this service to other networks soon.
This innovative service offers investors streamlined and secure access to critical market information at their fingertips.
Aisha Umar Mumuni, chief digital officer of MTN Nigeria, said, “This collaboration with CSCS on the *7270# USSD service underscores MTN’s commitment to harnessing the power of mobile technology to simplify complex processes for our users.
“By making critical investment information available at the touch of a button, we are helping to democratize access to the capital markets and, in the process, enhance investor engagement and market transparency,” she said.
CSCS continues to lead the way in technological advancements, reinforcing its position as a pivotal player in the Nigerian capital market ecosystem.
This initiative underscores our dedication to enhancing market efficiency and empowering investors with the tools they need for informed decision-making.
E-Business
Expert Urges FG to Leverage Digital Assets to Drive Diversification Goal

The need to maximise local digital assets, amid dwindling Oil revenues and a struggling economy, has been reiterated by the Chief Executive Officer of Quomodo Systems Africa, Oluwole Asalu, who maintained this measure remains the path to prosperity.
Asalu, while addressing the press in Lagos, recently asserted that global shift towards digital economies, presents a pivotal opportunity for Nigeria at this time to mobilise sufficient resources towards effective governance.
He emphasised harnessing the burgeoning local digital economy to expedite national diversification goals, while break away from overdependence on oil output.
Asalu, boasted further that Nigeria’s tech-savvy, youthful population and increasing recognition from global tech giants already position its digital sector as a driver of inclusive growth and job creation.
“Nigeria’s overreliance on oil is no longer tenable. As global markets shift towards renewable energy, the urgency to diversify has never been greater. Technology stands out as the most promising avenue, not merely as a sector, but as an enabler of growth across all facets of the economy,” he explained.
According to him, Nigeria’s tech talent remains the new oil, a renewable resource with the potential for significant returns, if strategically harnessed.
Like India’s successes in information technology services, Asalu want Nigeria to tap into lucrative outsourcing industry to draw foreign investment.
“Foreign investment in Nigeria’s tech sector is rising. Programmes like Digital Explorers have led European firms such as Telesoft to establish operations in Nigeria. Tech giants like Microsoft and Facebook have followed suit, injecting capital and creating jobs,” he stated.
He again pointed to the emergence of three unicorns within Nigeria’s tech ecosystem as a breakthrough and sign of maturity.
“Nigeria’s tech ecosystem is already showing signs of maturity, with three unicorns emerging from its soil. These success stories, powered by local innovation, underscore the viability of a home-grown, world-class tech sector,” he affirmed.
He however emphasized urgent need to close existing gap in skills and infrastructure, in addition to embracing governance and collaboration to fully harness digital potential cum future.
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