Telecom
NCC Restates Commitment to Fund Research as VCs Attend Roundtable
Prof. Adeolu Akande, chairman of the Board of the Nigerian Communications Commission (NCC), has restated the commitment of the Commission to commit more funds to research and prototypes resulting from grants from the Commission to the academia.
This is coming at the backdrop of the recent revelation that the Commission has committed more than N500 million in funding research across the Nigerian universities.
Akande told a gathering of vice chancellors and professors from universities in the southern parts of the country at a roundtable conference at the Sheraton Hotel, Ikeja, Lagos, that the Commission acknowledges the importance of working with stakeholders to engender innovations and build indigenous technological capabilities that would strengthen the Information and Communications Technology (ICT) ecosystem.
“We want to use this opportunity to assure you that the Commission will continue to give support to the educational sector in the interest of national development.
“We will also continue to encourage research and innovation in Nigeria’s tertiary institutions,” Akande said, explaining that the essence of the roundtable was to dialogue with the academia, industry and other stakeholders on how research efforts and prottotypes can be transformed into commercially-viable products that solve real-life problems.
“Consequently, the Commission will continue to allocate the requisite resources to research, development and innovations necessary for the industry to continue to contribute to the socio-economic development of the country,” Akande said.
Prof. Umar Garba Danbatta, executive vice chairman of NCC, represented by Josphine Amuwa, director, Legal and Regulatory Services of the Commission, said academia is a key driver of innovation in all spheres of human endeavour.
He said this is why his leadership at the Commission is determined to not only give grants to the academia but also support the commercialisation of the prototypes developed to deepen the indigenous technological capabilities which would support the overall development of the industry.
Ubale Maska, executive commissioner, Technical Services, NCC, who was represented by Bako Wakil, director, Technical Standards and Network Integrity at the Commission, revealed that the Commission had, so far, awarded a total of 49 telecom-based research grants to the academia out of which 10 prototypes have been successfully developed.
“We are hopeful that these sessions will culminate in the development of common framework that would facilitate the commercialisation of the existing prototypes and future research outcomes (prototypes) for the benefit of the economy and the industry,” he stated.
Coming shortly after a similar roundtable in Kano for the northern region, the event organised by the Research prototypes and Development R&D Department of the Commission, was aimed at bringing together Resources persons, business savvy industry experts, the academia, relevant Ministries, Departments and Agencies (MDAs), entrepreneurs and renowned individuals who have successfully commercialised their inventions to brainstorm on the way forward for research output commercialisation.
Telecommunications services disrupted in Kogi State have resumed following a resolution of the dispute between MTN Nigeria and the state government, the Association of Licensed Telecoms Operators of Nigeria (ALTON) has said.
Gbenga Adebayo, chairman of ALTON, told TVC News that the issues that led to the shutdown of telecom masts in the state, primarily affecting MTN, had been addressed, paving the way for service restoration.
TVC News earlier reported that businessmen and women were counting their losses as they suffered the impact of a shut down of telecommunication service in Kogi State
Over the past two weeks, telecoms connectivity had been erratic, with competing brands experiencing glitches, particularly in the Lokoja metropolis.
The State government suspended the operations of some telecom services citing unpaid taxes and fibre-related dues.
The shutdown stemmed from a compliance dispute between MTN and the Kogi State Utility Infrastructure Management and Compliance Agency, which accused the telecom giant of violating operational rules and under-declaring the extent of its optic fibre network coverage in the state.
The protracted Unstructured Supplementary Service Data (USSD) debt misunderstanding between the Deposit Money Banks (DMBs) and telecommunications operators appears to have been resolved.
This was confirmed by the Chief Executive Officer of MTN Nigeria, Karl Toriola, Thursday, March 1, when he appeared on Arise TV to speak on the firm’s first-quarter 2025 result, where the telecommunications company reported over N1 trillion in revenue earnings.
Recall that the USSD debt had been a major issue between the DMBs and telcos and had lasted for about five years.
In the third quarter of 2024, the telcos had threatened to withdraw their service over the lingering debt, which was around N200 billion at the time. This led to the swift intervention of the Central Bank of Nigeria and the Nigerian Communications Commission (NCC), and an agreement was reached on payment.
As of November 2024, the NCC put the debt at N160 billion. However, earlier this year, when it appeared the banks were not forthcoming with payments, the NCC directed the telcos to withdraw the USSD services from debt-owning DMBs, where about 18 banks were listed.
This directive prompted the banks to look inward and start to comply with an earlier circular signed by the CBN and NCC, which articulated the payment patterns for the debt.
Speaking, on Arise TV this morning, May 1, Toriola confirmed that the matter has been fully resolved and that banks have made payments.
“I can confirm that the matter has been fully resolved. We have received payments in full. Special thanks to the CBN, NCC, the banks, and other stakeholders that intervened in the matter,” the MTN CEO stated.
Sterling Bank, Leading commercial bank and Africa’s most agile company has announced the introduction of AlwaysOn by Sterling, a bold new feature on its OneBank platform that will give eligible customers up to ₦1 million extra every month -even when their account balances are running low.
Launched on Workers’ Day 2025, the initiative is part of an ongoing movement to remove structural barriers to financial freedom and empower everyday Nigerians to move boldly, even in uncertain times.
AlwaysOn is a specialised, invitation-only feature for customers who maintain an active OneBank account for a while. It provides an advance to settle bills or make payments without delays, or any of the friction associated with traditional credit systems.
“This is not just about funds,” said Abubakar Suleiman, Chief Executive Officer of Sterling Bank. “It’s about freedom and dignity. It’s about backing our customers with the trust and tools to act boldly when life demands it.”
Suleiman emphasised that the new feature is not a product, it’s a logical shift in how the bank supports its customers.
“We’re building a financial ecosystem designed for momentum -for people with grit, urgency, and dreams too big to wait. If you’ve banked with us, you’ve earned our confidence. Now you’ll have our backing to match,” added Suleiman.
The introduction of AlwaysOn marks the next chapter in Sterling’s growing movement to create a fairer and more responsive financial system. It follows the Zero Transfer Fees initiative in April, which returned an estimated ₦13 billion to Nigerians by eliminating transfer charges across the OneBank platform. It also builds on Sterling’s Free Bus Ride initiative, which helped commuters get home from work for free during a time of intense economic pressure.
Together, these efforts reflect the bank’s bold, people-first approach to customer impact, now made possible by its adoption of SeaBaas, Nigeria’s first indigenous core banking platform.
“We’re not the kind of bank that stands on the sidelines while Nigerians hustle,” said Obinna Ukachukwu, Growth Executive for Retail and Consumer Banking. “We removed the fees that slowed them down. Now we’re giving Nigerians the financial freedom to seize opportunity when it shows up. We’re on the pitch with them.”
Sterling’s actions have sparked widespread public support and national recognition as they have continued to push the boundaries of what corporate citizenship can mean to everyday Nigerians.
Notable icons from various fields have canvassed their support and praised the bank’s stance in redefining financial services, inspiring other institutions to follow suit.
Nigerians are encouraged to apply to join the waitlist for the scheme when it goes live in later this month and ultimately, eligibility for up to N1M extra in relief advances.
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