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inq. Group reinforces commitment to accelerate digital transformation in Nigeria

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inq. Group, a leading global edge-solutions provider, has reaffirmed its unwavering commitment to fueling the growth of AI and technological capacities in Nigeria and Africa through the provision of simpler, seamless solutions.

The company’s vision for empowering Africa’s technology sector was unveiled during a media roundtable discussion held on Tuesday, July 25, in Lagos. With the Group Chairman, Andile Ngcaba, and the Group CEO, Glad Dibetso in attendance, the event served as an opportunity for inq. Group to share its strategic plans for driving innovation and shaping the future of edge solutions and AI on the continent.

Speaking during the session under the overarching theme, “Leading with Edge: The Future Of Edge Solutions in Nigeria”, the company’s Group CEO, Glad Dibetso emphasized how inq. Group is working meticulously to build Africa’s technology capacities and advance the continent’s technology landscape, “We firmly believe that inq. is poised to revolutionize the education landscape across the continent,” remarked Dibetso.

“Connectivity serves as the gateway to transforming education in our schools, enabling children to learn robotics, AI, and software development.

“By empowering more students with these essential skills, we envision a rise in tech-driven small businesses, ultimately leading to the emergence of more African unicorns.”

In his keynote address, the company’s Executive Chairman, Andile Ngcaba further elaborated on inq. Group’s mission to play a pivotal role in shaping and fueling the growth of AI in Africa, particularly in Nigeria’s energy sector, “Our vision is to introduce artificial intelligence to Nigeria, empowering the country to actively participate in the global AI landscape.

“In pursuit of this objective, we aim to establish Nigeria as a center of excellence for developing customized AI solutions in the energy sector,” he stated.

“Our efforts will center around providing state-of-the-art AI solutions tailored specifically for the energy industry.

“Through this initiative, energy generation and distribution companies in Nigeria will gain access to real-time electricity consumption analytics for designated locations, enabling them to identify and address leakages throughout the entire electricity value chain”.

Ngcaba also expressed optimism regarding Nigeria’s technology potential and its profound impact on the African continent, stating, “Nigeria stands as the foremost driver of growth in Africa, not only within ECOWAS but across the entire continent.

“We firmly believe that Nigeria serves as the hub not only for Africa but also for emerging markets. The future growth of the African continent largely hinges on the dynamism of this country.”

As inq. Group continues to make significant strides in shaping Africa’s technology landscape, the company remains dedicated to empowering businesses and communities through innovative, relevant, and accessible cloud-based technology solutions.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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FG to Launch $2Bn Fibre Network Project in Q4 2025

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Federal government has said it commence a $2 billion fibre network expansion project in the fourth quarter of 2025.

FG to Launch $2Bn Fibre Network Project in Q4 2025

The initiative aims to enhance the country’s digital infrastructure, boost internet accessibility, and drive economic growth.

Under the project, an additional 90,000 kilometres of fibre optic cables will be deployed, expanding Nigeria’s existing network from 35,000 km to 125,000 km.

This expansion is expected to improve internet connectivity, increase broadband penetration to over 70%, and significantly reduce access costs by more than 60%.

Dr Bosun Tijani, minister of Communications, Innovation, and Digital Economy, stated that the Federal Executive Council had approved the creation of a special purpose vehicle to oversee the project’s implementation and funding.

The government will invest $1 billion directly, while the remaining funds will be sourced through loans and partnerships with organisations such as the World Bank.

This initiative aligns with Nigeria’s broader digital transformation agenda, reinforcing its commitment to becoming a leading digital economy in Africa.

Improved fibre optic infrastructure is expected to drive technological advancements, attract investment, and create job opportunities across various sectors.

By enhancing internet accessibility nationwide, the project will support Nigeria’s growing tech ecosystem, facilitate e-governance, and enable digital inclusion, particularly in underserved rural areas.

The government’s investment in broadband infrastructure is seen as a strategic move to position the country as a regional hub for digital innovation.

The launch of the fibre network project marks a significant step toward closing Nigeria’s digital divide, fostering economic development, and ensuring that more Nigerians have access to affordable, high-speed internet.

 

 

 

 

 

 


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MTN’s Earnings Hammered by Free Falling Naira in Nigeria

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Karl Toriola, chief executive officer, MTN Nigeria
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MTN Group has reported a 69 per cent decline in full-year earnings, citing the impact of Nigeria’s naira devaluation and operational difficulties in Sudan.

MTN's Earnings Hammered by Free Falling Naira in Nigeria

Karl Toriola, chief executive officer, MTN Nigeria

The company with headquarters in South Africa announced on Monday that its headline earnings per share—a key profitability measure fell sharply to 98 cents for the year ending December 31, down from 315 cents in 2023.

The financial downturn was largely attributed to Nigeria’s ongoing foreign exchange crisis, which has led to chronic dollar shortages and multiple currency devaluations.

In a bid to stabilize the naira and attract investment, the Central Bank of Nigeria implemented devaluation measures that significantly affected businesses operating in the country, including MTN.

Rising inflation and high interest rates further exacerbated the situation, increasing operational costs and contributing to the telecom giant’s financial slump.

MTN Nigeria, a key subsidiary of the group, bore the brunt of the economic turmoil. Its pre-tax loss surged by over 200 per cent, reaching N550.3bn ($355.76m).

In response, the company has initiated several measures aimed at restoring profitability, including renegotiating tower leases and implementing a tariff hike, which received regulatory approval in January.

Despite the challenging economic environment, Ralph Mupita, CEO, MTN Group said the company remains optimistic about the recovery prospects in Nigeria.

“That pain which we’ve had for 18 months is abating somewhat,” Mupita stated during a media briefing. “The business is growing very strongly. So, I’m actually very bullish and confident that we’ll see a strong recovery in Nigeria.”

Beyond Nigeria, MTN’s performance in Sudan was also hampered by the country’s ongoing armed conflict.

The unrest led to network impairments totalling 11.7bn rands ($643.40m), significantly affecting operations in the capital, Khartoum, where services had been down since April 2023.

However, the company has reported gradual improvements, with some sites being restored in previously conflict-ridden areas.

Despite the downturn, MTN’s overall group service revenue stood at 177.8bn rand, reflecting a 15 per cent decline.

However, in constant currency terms, the company noted a 14 per cent rise in service revenue, buoyed by growth in data, fintech, digital, and enterprise services, particularly in its home market of South Africa, where service revenue increased by 3.1 per cent.

To reassure investors, MTN declared a final dividend of 345 cents per share and projected a minimum dividend of 370 cents for the 2025 financial year.

While the company continues to navigate economic and geopolitical challenges across its markets, the management said it remains focused on strategic initiatives aimed at stabilizing its operations and ensuring long-term profitability.

The telecom giant said it is actively engaging with regulatory authorities, implementing cost-cutting measures, and leveraging its digital transformation strategy to drive revenue growth.

With confidence in Nigeria’s long-term market potential, MTN said it is optimistic about a turnaround despite the current headwinds.


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Galaxy Backbone Unveils a 4year Integrated Digital Transformation Strategic Plan

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Galaxy Backbone Limited (GBB), Nigeria’s foremost digital infrastructure and services provider, has unveiled a bold and comprehensive four-year strategic plan (2025-2028) aimed at accelerating the integrated digital transformation Strategy (IDTS) plan for government and businesses in Nigeria.

This strategy is designed to enhance digital service delivery, strengthen connectivity, and support Nigeria’s vision of a fully integrated digital economy.

Developed in collaboration with key stakeholders, the strategy focuses on five core pillars that will drive efficiency, innovation, and sustainability in Nigeria’s digital landscape.

The first focuses on building a Resilient Digital Infrastructure; ensuring that government and businesses have access to secure, high-speed, and scalable digital platforms. By building and maintaining a robust digital backbone, GBB aims to support the nation’s growing demand for seamless connectivity and data security.

The second pillar, Integrated Digital Ecosystems; fosters collaboration between government, businesses, and local communities, creating a more connected Nigeria. Through this initiative, GBB seeks to break silos and establish a unified digital experience that enhances communication, innovation, and service delivery.

To meet the evolving demands of governance and business, the strategy prioritizes Innovative Service Delivery; ensuring that digital solutions are tailored to address economic, social, and administrative needs. By leveraging cutting-edge technologies, GBB is committed to driving efficiency, economic growth, and improved public service delivery.

Now, recognizing the critical role of trust in the digital era, the fourth pillar of the strategy places a strong emphasis on Digital Leadership & Trust. GBB is dedicated to fostering a culture of cybersecurity, transparency, and accountability, ensuring that Nigeria’s digital infrastructure is not only efficient but also secure and reliable.

To sustain long-term impact, the fifth pillar, Financial Sustainability; remains a key priority. By investing in innovative technologies and expanding its digital services, GBB aims to drive revenue growth while ensuring affordability and accessibility for all users.

At its core, this strategic roadmap is designed to enhance government efficiency, boost economic development, and improve the overall digital experience for Nigerians. So, as part of its commitment to achieving these goals, GBB is actively engaging with government agencies, private sector players, and international and local partners to foster collaboration and accelerate implementation.

Through strategic partnerships, the organization is poised to lead Nigeria into a new era of digital excellence, ensuring that businesses and government institutions alike are equipped for the future.

Galaxy Backbone, through its IDTS plan, remains steadfast in its mission to drive Nigeria’s digital transformation through world-class infrastructure, secure connectivity, and innovative solutions that power progress.


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