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The AI-Blockchain Nexus: Redefining Tech’s Future

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By Emmanuel Ebanehita, the Chief Marketing Officer of Fuse Network

The convergence of Artificial Intelligence (AI) and blockchain has emerged as a transformative catalyst. This fusion promises to disrupt industries and redefine how we transact, interact, and innovate.

This symbiotic relationship between decentralized ledger technology and machine learning is not just a trend; it’s a profound shift that promises to transform industries, reshape economies, and revolutionize our understanding of data-driven opportunities.

AI and blockchain have already caused significant disruptions in the tech landscape. A recent market research analysis by Facts and Factors predicts that the global AI market will grow from $29.86 billion in 2020 to $299.64 billion in 2026, indicating a compound annual growth rate (CAGR) of 35.6 percent.

Likewise, experts forecast that the global blockchain market will experience a CAGR of 67.3 percent, taking it from $3 billion in 2020 to $39.7 billion in 2025. In terms of functionality and impact, AI, with its capacity to process extensive data and make intelligent decisions, has found applications in fields from healthcare to finance. On the other hand, blockchain has showcased its capability to improve transparency, security, and trust across various sectors.

However, their convergence becomes formidable because it creates a harmonious ecosystem where organizations can execute data-driven decisions transparently and immutably.

This synergy extends beyond a single industry; it can simultaneously disrupt and transform multiple sectors. An IBM Consulting report supports this idea, stating that the intersection of AI and Blockchain yields various positive ‘combined values,’ including ‘Augmentation, Automation, and Authenticity.’ Recent reports also project that the global blockchain-AI market will increase from $230 million in 2021 to nearly $1 billion in 2030.

Africa, with its vibrant entrepreneurial spirit and burgeoning tech scene, stands to gain immense benefits from the convergence of AI and blockchain—an alignment with the continent’s aspirations for inclusive economic growth and technological empowerment positions the synergy favorably. Consequently, Africa’s unique challenges and opportunities create fertile ground for innovative solutions powered by AI and blockchain.

In particular, blockchain technology can enhance transparency and trust in supply chain management and financial services. Meanwhile, AI can drive efficiency and data-driven decision-making in healthcare, agriculture, and education. Together, they can create a virtuous cycle of innovation and economic development within the continent.

As the blockchain AI market expands and matures, numerous organizations have made strides to offer innovative services that allow consumers to benefit from the best of both worlds.

Among the vanguards of this technological synergy is Fuse.io. Founded in 2019, Fuse is more than just a platform; it’s a visionary solution that empowers businesses and developers with end-to-end capabilities for Web3 payments. With over 1.8 million users, over 128 million successful transactions, and a presence in 12 countries, Fuse.io exemplifies the potential of AI and blockchain to transcend borders and empower small and medium-sized businesses.

Fuse’s value proposition is profound. It offers businesses an alternative to traditional payment methods, sparing them from the demanding fees associated with credit cards. Through Fuse’s Software Development Kit (SDK), smaller merchants with limited technical abilities can seamlessly integrate payment solutions at lower costs and with heightened reliability. The future is undoubtedly non-custodial, and Fuse is at the forefront of this movement, providing security and control with its non-custodial wallet SDK.

What are Fuse’s unique propositions, and how is the brand leading the way in the convergence of AI and Blockchain?

Speaking at the just concluded Tech Next Conference, themed: Disruptive Tech: New Frontiers, New Opportunities, Emmanuel Ebanehita, the Chief Marketing Officer of Fuse Network, explored numerous measures through which Fuse.io is leading the way in the convergence of AI and Blockchain.

AI-Powered Mobile Payments:

Fuse’s mobile-first approach perfectly aligns with the trajectory of mobile-centric payment solutions. By integrating AI into its mobile payment infrastructure, Fuse enhances the user experience by anticipating spending behaviors, offering financial guidance, and fortifying security measures to detect potential fraud.

This seamless blend of AI and mobile payments amplifies convenience. It fosters a heightened sense of security and trust among users, especially in developing economies like Africa, where security concerns are highly palpable, thereby shaping the future of digital transactions.

Data Transactions for AI:

Fuse’s microtransaction capabilities are a game-changer for AI companies aiming to acquire data directly from individuals. In today’s AI landscape, where human-generated content is the lifeblood of machine learning, microtransactions play a crucial role. They enable fair compensation for content creators, driving the development of generative AI models. Fuse’s cost-effective transaction model provides the perfect solution, making this symbiotic relationship between AI and human creativity economically viable and sustainable.

Decentralized AI Marketplaces:

Fuse extends its influence far beyond the realm of payments. It provides businesses the tools to create personalized decentralized applications (dApps), enabling access to platforms where AI models and services can be decentralized. This democratization of AI capabilities enhances accessibility and fosters an environment for innovation to thrive.

In these ways, Fuse.io is pivotal in transforming AI into a force that empowers individuals and small enterprises, reshaping the landscape of technology-driven entrepreneurship.

Overall, the convergence of AI and blockchain signifies a significant transformation in the technological landscape, and its impact will reverberate worldwide, not just in Africa. As we harness this synergy, we unleash a future brimming with limitless possibilities, and Africa, with its dynamic tech ecosystem, holds a unique position to spearhead this transformative journey.

Fuse’s pioneering role exemplifies how technology can bridge gaps and empower businesses, providing a preview of a future teeming with data-driven opportunities. Together, AI and blockchain have the potential to shape the future of technology, leaving an enduring impact on industries, economies, and societies.

 

 


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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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Court Fixes May 8 for Judgment in MultiChoice, FCCPC Dispute over Price Hike

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Justice James Omotosho of the Federal High Court in Abuja has fixed May 8 for judgment in the suit filed by MultiChoice Nigeria Limited against the Federal Competition and Consumer Protection Commission (FCCPC).

Court Fixes May 8 for Judgment in MultiChoice, FCCPC Dispute over Price Hike

Justice Omotosho fixed the date after lawyers representing the parties adopted and argued their written addresses for and against the suit.

The court had earlier restrained the Commission from taking “any administrative steps” against the plaintiff following an increase in the service price of two of its brands; DStv and GOtv.

The restraining order was a sequel to a formal request by MultiChoice seeking the court’s protection from planned sanction from the FCCPC, over the increase in the price of DStv and GOtv.

At the proceeding, the court granted the Commission’s request for an extension of time to regularise its processes and also allowed the plaintiff to withdraw its application for interlocutory injunction which has been overtaken by event.

Arguing its case, MultiChoice through Moyosore Onigbanjo, SAN, its lead counsel, submitted that the bone of contention is “whether the defendant have the right to control the price at which the plaintiff offers its services to the public.”

While acknowledging the regulatory powers of the Commission, the senior lawyer argued that the Act establishing the FCCPC did not confer on it the powers to regulate price or prevent anyone including the plaintiff from increasing its prices.

Besides, Onigbanjo stated that the issue of whether the defendant can regulate price has been litigated before between the two parties, adding that the Tribunal had held that the Commission has no powers to regulate prices of goods and services in the country, except the President of the Federal Republic of Nigeria.

The Plaintiff’s lawyer also submitted that even the president who is clothed with the powers to regulate prices has maintained “that his government does not believe in price control” but, that prices are determined by market forces of demands and supplies.

The plaintiff in addition submitted that if the FCCPC has no powers to control price “where does he have the powers to prevent the plaintiff from increasing price.

MultiChoice subsequently accused the Commission of discrimination, stating that all businesses in the country have been increasing their prices in line with economic conditions and inflation without the Commission raising an eyebrow, save with the plaintiff.

He, therefore, urged the court to grant all the reliefs sought in the suit.

While adopting his counter affidavit in opposition to the suit, Professor Joe Agbugu, SAN, lead counsel for the defendant, urged the court to first address the cause of action; which is the the issue of increase in the price of DStv and GOtv.

Agbugu disclosed that the Commission on February 25, wrote the plaintiff after it announced price increase effective from March 1, 2025.

According to the senior lawyer, MultiChoice was summoned to appear before the Commission on February 27, “they wrote that it was not convenient and proposed March 6. We then said that in the interim they should hold on with the price increment.”

Agbugu further stated that, “there was no issue of price regulation or fixing as at the time the action commenced.”

Besides, he claimed that the statute establishing the FCCPC, gave it “powers to check exorbitant pricing” and also powers to “regulate abuse of dominant position in the market” as it relates to prices and passing of cost to the consumer.

“The plaintiff occupies a dominant position in the television and entertainment,” Agbugu claimed, adding that the case before the court is not of price regulation but the powers of the Commission to investigate prices that are deemed exploitative and abuse of dominant position.

“The Commission is not to tell you to use price A or B but to determine that the price is exploitative” he said, “they ran away to be investigated over their planned action.

“Our action is not about price fixing; the issue is about whether the price is exorbitant…the mandate of the Commission is to protect the consumer.”

Reacting to the claim of discrimination, defendant’s lawyer, submitted that, “abuse of dominant position qualified them to be singled out for exorbitant pricing.”

Agbugu subsequently urged the court to strike out the suit and dismiss it because it attacks the major task of the Commission of protecting consumers.

“The suit should be dismissed and the plaintiff returned to us for investigation,” he added.

Responding, Justice Omotosho announced that, “judgment is reserved to May 8.”

 

 


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From Struggle to Stability: How FinTech is Helping Nigerian SMEs Overcome Cash Flow Challenges

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When Mrs. Agbaje started her school in Ibadan twelve years ago, she didn’t envision a tech-enabled future. Her dream was simple—provide affordable, quality education to children in her community. For the most part, she made it work. But as the school grew, a new challenge took root. It wasn’t infrastructure. It wasn’t teacher retention. It was something far more basic: getting paid.

Each new term brings the same pattern. Parents promise to pay fees “by next week.” Some follow through. Many don’t. As the term wears on, Mrs. Agbaje finds herself juggling spreadsheets, reminder texts, and awkward conversations in car parks or at school gates. Meanwhile, salaries must be paid, books restocked, diesel bought. More often than not, she dips into personal savings to keep things running.

Her story is common across Nigeria. Small businesses—whether they’re schools, salons, logistics firms, or cooperative groups—are constantly navigating the emotional and financial toll of delayed payments. And it’s not just a matter of inconvenience. A recent study by MacTay Consulting found that Nigerian SMEs wait between 60 to 120 days on average to receive payment for services or products already delivered. That kind of delay is more than a hiccup. It threatens livelihoods. It blocks growth. It’s a silent killer.

For Chuks, who runs a car hire service in Enugu, the issue is tied to his bigger corporate clients. They insist on “net 30” or “net 60” terms—industry-speak for “we’ll pay you in a month or two.” That might be manageable for a large fleet with strong cash reserves, but for someone like Chuks, every week matters. With fuel prices rising and maintenance bills stacking up, he’s often forced to park cars because he doesn’t have the cash to fix them—even when work is lined up.

What links these stories is the reality that small businesses operate in a system where money is constantly in motion but rarely on time. Customers often mean well, but their own financial instability creates a domino effect. And the existing tools to manage payments—handwritten ledgers, POS machines, WhatsApp reminders—were never designed for structure. They’re patched solutions to a systemic problem.

Even digital banking, for all its advancement in Nigeria, hasn’t solved this issue. Many SMEs still operate informally, managing finances through personal bank accounts or apps not tailored to business needs. The result is a messy web of follow-ups, reconciliations, and emotional strain. Business owners become debt collectors, chasing down what they’ve already earned, time and time again.

What’s often missed in conversations about entrepreneurship is just how deeply this problem cuts. Payment delays mean rent can’t be paid on time. It means holding off on hiring a new staff member, or letting go of a part-time assistant. It means saying no to growth opportunities, not because they’re not viable, but because the cash flow isn’t predictable enough to take the risk.

And when you zoom out, the implications are national. Small businesses make up over 90% of enterprises in Nigeria. They contribute nearly half of the country’s GDP and employ a significant portion of the workforce. Yet, their greatest enemy isn’t market competition—it’s irregular income. This is a structural inefficiency that deserves far more attention than it gets.

Slowly, however, change is beginning to show. A quiet revolution is underway—one where technology is stepping in not as a trend, but as a tool for financial stability. More SMEs are beginning to explore digital solutions that streamline payments and reduce friction between businesses and customers.

Among these solutions is PaywithAccount, a new tool launched by Nigerian fintech company OnePipe. Designed specifically for businesses with recurring payments—schools, cooperatives, service providers—it allows them to automate collections directly from customers’ bank accounts. With full consent and transparency, payments can be scheduled, reducing the need for repeated follow-ups or awkward reminders.

For Mrs. Agbaje, this has made a significant difference. Parents receive structured payment plans, reminders go out automatically, and debits happen based on prior agreement. She now spends less time tracking who has paid and more time planning curriculum upgrades and engaging with teachers.

The benefit isn’t just financial—it’s emotional. When business owners don’t have to chase payments, they gain time, clarity, and confidence. They can plan ahead, restock inventory, or finally invest in that expansion they’ve put off for years. And for customers, the experience feels more professional, more trustworthy. Everyone wins.

Technology won’t solve every problem for Nigerian SMEs. But smart, well-designed financial tools are starting to remove some of the biggest roadblocks—quietly and effectively. And that’s the point. The best systems aren’t flashy. They work in the background, reducing stress, restoring dignity, and enabling business owners to focus on what truly matters.

For Ope Adeoye, founder of OnePipe, the issue is personal. “Every Nigerian knows someone who runs a business—a cousin, a friend, a neighbour. When they suffer from late payments, it affects whole families and communities. Fixing this isn’t just a business goal—it’s a social one.”

In a country as dynamic and entrepreneurial as Nigeria, the challenge is rarely about lack of ideas. It’s about systems that help those ideas survive. And one of the most overlooked systems is the way money flows—or fails to.

As more SMEs embrace tools that put payment on autopilot, a future of stability—rather than constant survival—starts to feel possible. And in a nation powered by small businesses, that kind of shift could move mountains.


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AFRIMA Collaborates with BridgeAfric and UNESCO for Lagos Global Music Workshop

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Lagos is set to welcome top music business leaders, celebrities, business executives, and creative industry professionals from around the world as All Africa Music Awards, AFRIMA, partners with bridgeAfric, and UNESCO to host the Showbiz101 Global Workshop and Music Creation Camp.

The event, scheduled to take place from March 26th to 29th, 2025 aims to train young creatives, foster international collaborations, and further enhance the capabilities of creators and professionals along the value chain of music production and business.

Adenrele Niyi, Chief Experience Officer, (CXO), AFRIMA, said the partnership with bridgeAfric on the event underlined the AFRIMA institution’s commitment to empowering Africa’s creative industry.

“As AFRIMA, part of our mission is building capacity and fostering cross-border collaborations by empowering Africa’s creative industry and by providing platforms for artists to collaborate, grow, and break boundaries. Partnering with bridgeAfric for the Showbiz101 Global Workshop & Music Creation Camp is a no-brainer. This initiative is about more than just music; it’s about equipping young creatives with the tools, knowledge, and global connections they need to thrive in the industry,” Niyi said.

The AFRIMA CXO added that the event aligns with AFRIMA’s seven pillars, which include the Music Awards, Music Festivals, AFRIMA Creative Academy, Talent Discovery and Promotions, Music Business Hub, Advocacy, and Advisory & Policy Debates. “Our goal is to reinforce Africa’s position as a moving powerhouse on the global music scene—one hit, one artist, one opportunity at a time and we are excited to be at the fore front of driving this initiative,” she concluded.

According to Victoria Nkong, President of bridgeAfric who is also an Associate Producer for AFRIMA, the workshop aims to support the future of Africa’s creative industry by focusing on key areas including the need to educate and train young talents, saying, “We believe learning is essential to solving problems in the entertainment industry. This workshop will equip young people with the skills and knowledge they need to succeed.”

She said the event will feature performances, training sessions, and recording opportunities for artists.

Nkong added that the five-day event will bring top musicians together for a three-day global music camp, where they will create songs as a team. “By the end of the camp, we will have a global EP featuring top African stars from different countries,” she said.

“Another goal of the workshop is to help artists reach new audiences by connecting them with international music executives. This will open doors for them to promote their music in different parts of the world.”

Some of the top artists who have confirmed their participation in the conference and recording camp are Juma Jux from Tanzania, Nadia Nakai from South Africa and DJ Neptune from Nigeria. Ivory Coast will be well represented by global music superstars like the AFRIMA Award winner Didi B, Himra, Suspect 95, Kikimoteleba, Goulam, and Gabin Bao.

Other notable participants include Bizzle Osikoya, Co-founder of The Plug Entertainment, and Sesan Adeniji, General Manager of Vybz FM.

From Algeria, DJ MohGreen will bring his expertise, while Eric Bellamy from Live Nation Paris, France will contribute his knowledge of the global music industry. Sonia Aimy from Canada and Wendy Harawa from Malawi are also expected.

In addition to the workshop and music camp, Nkong said a welcome Industry party is scheduled for Wednesday to officially receive the participants.

She added that registration is free for music producers, songwriters, and artists who want to learn, network, and advance their music careers.


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