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E-Business

Hydrogen Hosts Catalyst Workshop, Highlights Resilient Business Models for Fintech Startups

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As part of its mission to empower African businesses with tools needed to thrive, garner admiration, and foster global acclaim, leading payment solution company, Hydrogen Payment Services Company Limited (Hydrogen), recently partnered with the Co Creation Hub (CcHub), to host the latest edition of the Catalyst workshop in Lagos.

The discourse addressed the potential risks and opportunities for startups and saw experts advise participants on the need to develop resilient business models that would scale across different economic climes.

Moderated by Miracle Ezechi, Digital Marketing Manager, Hydrogen, the panel session addressed dominant issues about the theme: ‘Adapting Fintech Business Models to Economic Climes: Flexibility, Agility and Customer-centricity’.

Mr. Emeka Awagu, Chief Technology Officer, Hydrogen, who spoke as a panellist, addressed the issue of customer-centricity, which according to him, is key to Fintech growth.

He advised startups to listen to customer demands and understand their needs in order to develop the right solutions that will lead to long term market viability.

“Innovation is key for startup growth. However, understanding customers’ needs and change in behaviour will help any startup to innovate better.

“Startups must be flexible and agile to develop solutions with high interoperability and processing speed, and they must be ready to learn from startups that have failed,” Awagu said.

With an estimated 61.07 percent of startups failing, the participants stressed the need for prudence.

“Statistically, a staggering number of startups fail, often due to financial mismanagement. Hence, founders must prioritise understanding and maintaining a healthy the Cost-to-Earnings ratio.

“It is not just a number, but a pivotal indicator of a company’s financial health as well as being a key attractiveness determinant for investors,” Awagu added.

On his part, Ina Alogwu, the Group Director, Digital Transformation, ARM HOLDCO, who also spoke as a panellist at the session, stressed the need for startups to develop sustainable products and solutions that will help them remain competitive in an environment that is faced with harsh economic realities.

“Many startup businesses fail within their first five years, however upcoming startups should not be discouraged, rather develop a culture that will encourage them to understand the reasons for failure and learn from mistakes.

“Startups should not be too rigid with their solutions and should be ready to accept changes that will drive innovation,” Alogwu stated.

Hydrogen will be deepening its economic impact series with a webinar planned for Thursday, April 25, even as businesses across Africa continue to face an array of challenges, ranging from inflation and currency fluctuations to rising operating costs.

Themed ‘Navigating Economic Challenges: Strategies for Sustainable Growth,’ the webinar will delve into key areas critical for businesses to not only survive but thrive in the face of economic adversity. Register using this link – https://bit.ly/Hydrogenwebinar.

Esteemed panellists for this event include Taofik Odukoya, CEO, Vanguard Pharmacy, and Okechukwu Odimgbe, Chief Financial Officer, Hydrogen. The session will be moderated by Nnenna Sam-Obioha, Ecosystem Orchestrator, Hydrogen.

 


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E-Business

FG to E-Visa System in May 1 to Boost Border Security, Streamline Travel

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Federal government has announced plans to roll out an electronic visa (e-visa) system by May 1, 2025, in a major step towards modernising Nigeria’s immigration processes.

FG to E-Visa System in May 1 to Boost Border Security, Streamline Travel

The initiative, a collaborative effort between the Ministry of Aviation and Aerospace Development and the Ministry of Interior, is designed to tighten border security while simplifying travel procedures for visitors.

Speaking at a press conference in Abuja on the implementation of immigration protocols under the Migration Visa Policy (MVP) 2025, Olubunmi Tunji-Ojo, minister of Interior, outlined the far-reaching benefits of the new system.

He explained that the e-visa platform, alongside the automation of landing and exit card processes, would strengthen background checks and deter unauthorised entry into the country.

“With the e-visa, applications will be processed online, and a centralised visa approval centre is already operational at the Immigration headquarters,” Tunji-Ojo revealed.

“Officers have been trained and equipped with integrated solutions connected to global criminal databases such as Interpol, enabling thorough background checks for all incoming travellers.”

The new procedure mandates that passengers must complete an online landing and exit card before boarding their flight.

This information will be cross-verified by airlines in collaboration with the Nigerian Civil Aviation Authority (NCAA).

According to the minister, this integration ensures that anyone attempting to enter or exit Nigeria without proper clearance will be flagged immediately.

“The responsibility of coordinating and verifying this process rests with the NCAA. They are fully committed, as we all are, to safeguarding our nation’s borders and upholding our sovereignty,” he added.

The collaboration between the ministries has already yielded tangible results through initiatives like the EPIC Solution, an advanced passenger information system that has led to the interception of individuals flagged by Interpol at Nigerian borders.

Furthermore, e-gates have been installed at key terminals in Lagos and Abuja airports to support automated, efficient, and secure passenger clearance.

Tunji-Ojo announced that in the coming weeks, the NCAA and the Nigeria Immigration Service (NIS) will jointly establish a dedicated team to finalise the implementation framework, regulatory guidelines, and protocols for airlines.

“This is not a task for one agency alone. It is an inter-ministerial effort requiring seamless cooperation,” he emphasised.

Mr. Festus Keyamo, SAN, minister of Aviation, described the partnership as a model of effective governmental collaboration. He highlighted that both the e-visa and the automated landing and exit card systems will be free of charge, ensuring accessibility while reinforcing security.

Keyamo provided further details on the operational flow of the new system, explaining that travellers will be required to complete an entry card online before their arrival.

The digital system will store their details, including visa type, entry date, and permitted duration of stay. Upon departure, passengers must present their exit cards at the airline’s check-in desk, where the NCAA’s protocol will be applied.

“As you prepare to leave Nigeria, the first checkpoint will be the airline’s boarding desk,” Keyamo explained.

“If you’re a foreign traveller, they will ask for your exit card. Without it, you won’t be issued a boarding pass.”

The process is designed to trigger automatic verification: once the traveller enters their passport number, the system retrieves their entry data and duration of stay.

Should any irregularities arise—such as overstaying a visa – the airline, following NCAA protocol, will refuse to board the passenger and refer them to immigration authorities.

“When you approach immigration, officers will have complete visibility of your travel history and status. Depending on the nature of the violation, they may issue fines, cancel visas, or impose travel bans of up to 10 years,” Keyamo stated.

Both ministers underscored that the overarching goal is to enhance Nigeria’s national security, curb illegal immigration, and create a seamless, digital travel experience.

With this modernised approach, the country aims to align with global best practices while maintaining its sovereignty.

As preparations advance toward the official launch date, authorities are optimistic that the e-visa system will not only improve efficiency but also bolster Nigeria’s reputation as a secure and welcoming destination for legitimate travellers.

 

 


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Security Operatives Arrest Suspects behind Illegal NIN Collection in Exchange for Money

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National Identity Management Commission (NIMC), has announced that operatives of the Department of State Security and Nigeria Police Force have arrested suspects involved in the illegal collection of National Identity Numbers (NIN), in Anambra State.

Security Operatives Arrest Suspects behind Illegal NIN Collection in Exchange for Money

This comes as the commission also warned Nigerians against sharing their National Identity Number with unauthorised persons in exchange for money.

Dr. Kayode Adegoke, spokesman for NIMC issuedthis warning in a statement on Wednesday.

This follows reports of some Anambra residents submitting their NIN to unauthorised individuals in exchange for money.

Reacting, NIMC said the activities contravene NIMC Act No. 23, 2007, the Data Protection Act, and the Cyber Crime Act.

The commission said individuals involved in the act have been arrested by operatives of the Department of State Security and the Nigeria Police Force.

“Upon receiving the information on the activities of the unscrupulous individuals, NIMC, in conjunction with the Department of State Services (DSS) and the Nigeria Police Force (NPF), swiftly arrested the culprits behind the illegal collection of the NIN.

“They are currently being interrogated and will be made to face the full wrath of the law. The commission, therefore, advises Anambra State residents and Nigerians to avoid submitting their NINs to unauthorised individuals, organisations, or platforms, as the Federal Government and NIMC have not authorised this. Anyone caught will be sanctioned appropriately.

“At no time should NIN holders give out their NINs for monetary compensation. This is against the laws of the Federation. Anyone caught will be dealt with appropriately.

“The Commission had earlier issued a statement warning Nigerians against sharing their NIN or data with anyone or on any fictitious sites. The NIN can only be used by the holders to access government or private sector services, and it must be verified.

“The Commission has taken necessary measures to kerb the activities of these unscrupulous individuals,” NIMC stated.

 

 

 


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FG to Make Citizen Registration Mandatory under any Circumstance

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Nigeria is in the process of making registration for national digital ID compulsory for every citizen under any circumstance.

FG to Make Citizen Registration Mandatory under any Circumstance

Engr. Abisoye Coker-Odusote, DG, NIMC

This aspect is contained in a draft text which is currently in the National Assembly for examination.

Only recently, the bill passed second reading in the senate, meaning it has to now be also vetted by the House of Representatives before it can be assented to by the President if he has no objections.

Already, the bill has passed second reading in the Senate after a report submitted by the Committee on National Identity Card and Population was reviewed and adopted.

Senator Victor Umeh, chairman of the committee, said that the bill is a repeal and re-enactment of the National Identity Management Commission (NIMC) Act.

The objective of the draft text, the lawmaker said, is to streamline digital ID registration in Nigeria by putting in place a harmonized system that is cost-effective and meets global standards for digital ID management.

There have been talks by the Nigerian government, including a recommendation of the Senate Committee on ICT and Cyber Crimes, for all government databases to be harmonized as a way of revolutionizing identity verification.

According to the bill, as reported, a centralized identity repository will be created, as well as a new commission that will have the specific responsibility to enroll citizens and issue national digital ID cards.

It is not totally clear if this commission will fully take the ID issuance responsibility currently under the NIMC.

These proposed changes envisaging compulsory ID enrollment in Nigeria align with broader efforts of the government to strengthen the country’s digital ID legal framework, a process that started sometime last year and announced by NIMC, and is part of conditions to unlock funds for the World Bank-sponsored digital ID program ongoing in the country.

Last year, a proposed amendment to the NIMC Act 2007 also called for compulsory digital ID for foreign nationals living in Nigeria.

 


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