Speaking at the West Africa Convergence Conference (WACC) 2026 in Lagos, Nentawe Yilwatda, APC National Chairman, said the party’s long-term vision is to build a technology-driven economy capable of competing globally while creating jobs, attracting investment and improving public services.
Yilwatda said the APC’s technology blueprint for 2027–2031 would support the Federal Government’s ambition of building a $1 trillion economy by making digital infrastructure central to national development. The conference was themed “Leveraging Technology for Development in Nigeria, 2027–2031: Delivering the Renewed Hope Agenda.”
The APC has unveiled a five-point technology agenda targeting 90% broadband penetration, AI leadership and Africa’s largest digital economy by 2031. Image credit: Technology Times/Iretomiwa Balogun.
Yilwatda described information and communications technology (ICT) as one of the strongest drivers of Nigeria’s economy, noting that the sector currently contributes “about 18 to 19% of our GDP.” He said the government aims to deepen the sector’s impact by raising ICT’s contribution to 22% of GDP by 2027.
According to him, the future of Nigeria will be written through technology including the fiber networks, data centers and Nigeria’s innovation goals. He stated that the task of the party is to turn those potentials into commodities.
Yilwatda described information and communications technology (ICT) as one of the strongest drivers of Nigeria’s economy, noting that the sector currently contributes “about 18 to 19% of our GDP.” He said the government aims to deepen the sector’s impact by raising ICT’s contribution to 22% of GDP by 2027.
Highlighting the country’s growing appeal to global investors, he pointed to international recognition of Lagos’ startup ecosystem, saying the city “was picked as the fastest growing tech ecosystem globally.” According to him, the recognition reflects Nigeria’s growing reputation as a destination for innovation and venture capital and reinforces the country’s potential to become Africa’s leading technology hub.
APC on building Africa’s largest digital economy
The first pillar of the APC’s digital vision focuses on expanding broadband infrastructure to accelerate digital inclusion and economic growth. According to Yilwatda, the party plans to achieve 90% broadband penetration through a US$2 billion fibre infrastructure programme while expanding universal digital access across the country.
“We want to achieve 90% broadband penetration. We are also deploying a US$2 billion fiber infrastructure. And we are also working on universal data access” he said.
He added that the expansion of digital infrastructure would improve public services, accelerate economic growth and create millions of jobs.
Artificial intelligence forms the second pillar of the party’s digital roadmap. Yilwatda said the APC plans to invest in AI infrastructure, cloud computing, high-performance computing, research centres and startup development to position Nigeria as a producer not merely a consumer of AI technologies.
The initiative also includes strengthening AI centres of excellence in universities and encouraging AI adoption across public and private sectors as Nigerian universities are already establishing AI centres of excellence through public funding and specialised training programmes.
Recognising Nigeria’s growing influence in digital payments, the APC chairman said it intends to consolidate the country’s position as Africa’s fintech leader.
The roadmap includes expanding financial inclusion, encouraging regulatory innovation, developing cross-border payment systems and increasing venture capital investment in financial technology companies.
“We improve on regulatory innovation, expand financial inclusion, develop a cross-border payment system and enable venture capital investment” Yilwatda said.
He noted that stronger payment infrastructure would support businesses operating across African markets under the African Continental Free Trade Area (AfCFTA).
The first pillar of the APC’s digital vision focuses on expanding broadband infrastructure to accelerate digital inclusion and economic growth. According to Yilwatda, the party plans to achieve 90% broadband penetration through a US$2 billion fibre infrastructure programme while expanding universal digital access across the country.
The APC has unveiled a five-point technology agenda targeting 90% broadband penetration, AI leadership and Africa’s largest digital economy by 2031. Image credit: X
“My dream is one, I want to see the world look at Nigeria and see Africa’s digital powerhouse. Africa’s innovation capital. Africa’s fintech leader. Africa’s largest digital economy. And one of the world’s most exciting technology nations” he said.
Expanding digital public infrastructure
A major pillar centres on strengthening Nigeria’s digital public infrastructure through identity management, digital payments and electronic government services. Yilwatda described digital identity as the foundation for economic governance, saying accurate identification of citizens and businesses is essential to delivering efficient government services.
“You cannot build a one trillion dollar economy without being able to identify your citizens, identify businesses, identify assets and also economic activities accurately” he said.
He added that integrating digital identity with payment systems and public services would improve transparency, service delivery and economic participation. He urged digital payment providers should play a larger role in government programmes and financial inclusion.
The APC chairman also called for stronger cross-border payment infrastructure to support trade under the African Continental Free Trade Area (AfCFTA).
The fifth pillar seeks to position Nigeria as West Africa’s digital integration leader by harmonising digital regulations, payment systems and data frameworks across the ECOWAS region.
Yilwatda stated that stronger digital integration would make cross-border trade more efficient while enabling Nigerian fintech companies and technology firms to expand across the region.
“We must take advantage of ECOWAS, come with data frameworks that can allow for data integration across the West African nations” he said.
Digital infrastructure as a national asset
Beyond the five ambitions, Yilwatda called for digital infrastructure including fibre networks, data centres and cloud infrastructure to be recognised as critical national infrastructure alongside roads, railways, airports and power projects.
He argued that existing financing institutions should expand their mandates to support investments in digital infrastructure, saying Nigeria’s future competitiveness would depend on sustained investments in technology, criticising the country’s traditional infrastructure priorities, saying broadband networks, data centres and connectivity should receive the same attention as roads and airports.
Beyond the five ambitions, Yilwatda called for digital infrastructure including fibre networks, data centres and cloud infrastructure to be recognised as critical national infrastructure alongside roads, railways, airports and power projects.
Mr Segun Oruame, founder of West Africa Convergence Conference (WACC). Image credit: WACC website.
“The nations compete through fiber optic network, through data centers, through cloud computing infrastructure, through artificial intelligence capabilities” Yilwatda outlined.
He therefore called for amendments to existing laws to allow government-backed financing for digital infrastructure projects.
“My dream is one, I want to see the world look at Nigeria and see Africa’s digital powerhouse. Africa’s innovation capital. Africa’s fintech leader. Africa’s largest digital economy. And one of the world’s most exciting technology nations” he said.
The West Africa Convergence Conference (WACC) is a leading annual technology policy forum that has, for over two decades, convening government officials, regulators, technology companies, investors and industry leaders to shape conversations on digital transformation, innovation and the growth of Nigeria’s digital economy.
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Former President of Nigeria, Olusegun Obasanjo, on Thursday paid a courtesy visit to the Vice-Presidential candidate of the Nigeria Democratic Congress (NDC), Senator Rabiu Musa Kwankwaso, at his residence in Kano State.
Obasanjo was received by Kwankwaso alongside the NDC governorship candidate in Kano State, Comrade Aminu Abdulsalam Gwarzo.
The visit was confirmed in a statement issued by Kwankwaso’s media aide, Saifullahi Hassan, who described the meeting as an occasion for cordial interactions and warm exchanges between the political leaders.
However, details of the discussions held during the closed-door meeting were not disclosed.
Kwankwaso, who served as Nigeria’s Minister of Defence during Obasanjo’s second term in office between 2003 and 2007, has maintained a longstanding political relationship with the former president.
The meeting has further fuelled speculations about possible political realignments ahead of the 2027 general elections, particularly in light of reports suggesting efforts to strengthen opposition collaboration.
NDC presidential candidate, Peter Obi, is widely regarded as a close ally of Obasanjo, who publicly supported him during the 2023 presidential election.
BY NKECHI NAECHE-ESEZOBOR—Enterprise Life Assurance (Nigeria) Limited has announced the full remittance of its statutory deposit of N1 billion to the Central Bank of Nigeria (CBN), underscoring its robust financial health and compliance with regulatory mandates.
The Managing Director and Chief Executive Officer of the company, Nelson Akerele, disclosed this during a recent media briefing while addressing the firm’s capital positioning and compliance with the National Insurance Commission (NAICOM).
According to Akerele, Enterprise Life—which entered the Nigerian market approximately five years ago alongside peers like Heirs General and Heirs Life—has progressively built on its foundational capital structure to satisfy current regulatory thresholds.
“We started with ₦8 billion,” Akerele stated, recalling the company’s entry as one of the four entities licensed in that licensing wave. “What we have as a statutory deposit right now, as I speak, is ₦1 billion, which has been fully remitted to the designated account assigned to us.”
Beyond meeting the statutory deposit mandate, the Enterprise Life boss revealed that the company has fully satisfied its Minimum Capital Requirement (MCR).
He attributed this seamless compliance to a deliberate operational strategy that favors liquid assets over heavy fixed investments.
Unlike traditional players with massive capital tied up in real estate, Enterprise Life has maintained an agile, cash-ready balance sheet.
“We are not heavy in terms of buildings and all that; our assets are held in liquid form—in cash and cash equivalents,” Akerele emphasized. “We are an extremely liquid company.”
This cash-heavy asset strategy positions the insurer to promptly meet its obligations, match underwriting risks effectively, and settle policyholders’ claims without the delays often associated with liquidating physical property.
The announcement comes at a critical time when NAICOM continues to emphasize stricter solvency and liquidity management across the Nigerian insurance ecosystem to boost public confidence in the sector.