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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Before the start of the 2026 WAFCON, some critics had argued that the expansion of the championship to 16 teams would lower the technical standard of the tournament and the characteristic excitements.
And ahead of the quater-finals stage, Sports Chronicle Magazine sought the views of a renowned sportspreneur and an investor in women and youth football development, Ayodele Thomas, on the ongoing championship.
He shared his views on the performances of the Super Falcons, so far, in the championship. He began by stating that the performances of the reigning WAFCON champions, the Super Falcons, have been encouraging.
“I would describe the Super Falcon’s performance so far, as encouraging, but inconsistent. The opening defeat was disappointing, particularly for the defending champions.
It exposed some defensive weaknesses. However, the team showed very good character in the subsequent games and the 6-2 victory over Egypt, was a significant statement of their attacking quality.”
Concerning the Super Falcons’ quater-finals clash against arch-rivals, he acknowledged that the Lionesses of Cameroon poses a great threat to the Nigerian women, considering their physicality and competitiveness.
“The Cameroon gave is a very serious test for Nigeria and one of the biggest rivalries in African women’s football. Historically, these matches have rarely been straightforward.
“On paper, Nigeria should have the quality and experience to win, particularly, because of the depth of the squad and the attacking options available.
But Cameroon will provide a completely different challenge from Egypt. They are physically strong, competitive and capable of making the game difficult for Nigeria.
“For me, the key to the match will be Nigeria’s defensive discipline and ability to control the midfield. We cannot afford to concede cheap goals and then rely on our attacking players to rescue the game. However, I would expect Nigeria to have the advantage,” he quipped.
Thomas, who is the President of TopPro Sports Management Company, went ahead to describe the standard of tournament as high and competitive.
“I think the overall standard of the 2026 WAFCON has been noticeably higher and more competitive than in previous editions,” he noted.
“The expansion to 16 teams, has provided more countries with the opportunity to compete at the highest continental level, and we are seeing less of the traditional gap between the established powers and the emerging teams.
The results and performances have shown that African women’s football is becoming increasingly competitive.
“Overall, I would say the tournament is competitive, entertaining and increasingly difficult to predict. Which is exactly what you want from a major continental championship.
“The fact that Nigeria, despite being the defending champions and the most successful nation in WAFCON history, had to fight hard to reach the quarterfinals is itself evidence of how competitive the women’s game in Africa has become,” Thomas remarked conclusively.
BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM), has revoked the certificate of registration for Royal Exchange Prudential Life Insurance PLC over its failure to meet the statutory minimum capital requirement under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.
The cancellation, which took effect on Plc August 3, 2026, The regulator also ordered the immediate winding up of the firm’s operations.
The action was executed under the legal powers granted to the regulatory authority by the Nigerian Insurance Industry Reform Act (NIRA) 2025.
According to a notice signed by Deputy Commissioner (Technical) Decent Jankara, titled “Notice Of Cancellation Of Certificate Of Registration Of Royal Exchange Prudential Life Insurance Plc”, the regulator appointed Titilayo Akinlawon (SAN)as Receiver and Provisional Liquidator to oversee the winding up of its affairs.
The notice added that “The appointed Receiver is mandated to take control of the company’s affairs, liquidating its assets and settling its outstanding liabilities in strict accordance with NIRA 2025 regulations and extant insurance guidelines.”
“Relevant stakeholders and financial institutions have been instructed to cooperate fully with the Receiver during the official takeover and winding-up proceedings.”
This development comes days after NAICOM announced the completion of the insurance sector recapitalisation exercise and published a list of 43 insurance and reinsurance companies that met the July 31, 2026 compliance deadline.