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APC outlines five-point digital agenda for Nigeria’s $1 trillion economy – Technology Times

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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.”

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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.

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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.

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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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States will generate, distribute electricity if I'm elected President – Makinde

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The presidential candidate of the Allied Peoples Movement, APM, Seyi Makinde has said states will generate and distribute their own electricity under his administration.

Makinde said this on Wednesday while unveiling his Reset Nigeria Manifesto at the Congress Hall, Transcorp Hotels and Suites, Abuja.

According to him, the current system where everything is controlled from the centre is not working. He said if Nigeria wants to develop, states must be allowed to produce power and give it to their people.

"States will generate, distribute their own electricity," Makinde declared.

The Oyo State governor further stated that his Reset Nigeria Agenda will reset the economy by fixing the power problem, stressing that no economy can grow when businesses are closing by 8pm because there is no light and insecurity.

Makinde said his plan is to reduce the cost of doing business and cost of living, and fixing electricity is number one.

He said he will run a transitional government of national unity that will restructure the country so that states can control their resources.

States will generate, distribute electricity if I’m elected President – Makinde

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Crypto News: Bitcoin Price Faces Renewed Pressure While Binance Resumes Crypto Withdrawals After $6.3 Billion Hack

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Bitcoin’s renewed pressure and Binance’s gradual reopening have left the crypto market weighing two signs of recovery: whether prices can stabilise and whether customers can move their assets normally again. BTC slipped below $77,000 on 3 November, while Binance expanded its withdrawal rollout following the $6.3 billion security incident.

The latest crypto news therefore extends beyond the price chart. Restoring access to funds addresses an immediate operational problem, but the market still has to assess the remaining asset replacement, the scope of reopened networks and the evidence behind reserve claims. Those developments can influence confidence without producing an immediate Bitcoin rebound.

Bitcoin news tracks BTC price below $77,000 after brief recovery above $78,000

Bitcoin fell to about $76,566 in an early market report on Tuesday, 3 November, renewing pressure after a brief recovery above $78,000 the day before. The movement remains a recent reference point for Wednesday’s market and shows how quickly the attempted rebound lost ground.

The BTC price movement also explains why operational progress at Binance and market weakness can coexist. Reopened withdrawals let customers move assets, yet their next move could be to hold those coins elsewhere, convert them or leave them untouched. A withdrawal is not, by itself, evidence of a sale.

For Bitcoin news, the immediate question is whether renewed access is followed by steadier market conditions. A short move back above $77,000 would recover one reference point. Sustaining it would provide stronger evidence of stabilisation than a brief price spike, particularly after the failed move above $78,000.

Binance resumes crypto withdrawals for Bitcoin, Ethereum, XRP and Solana

Binance began another phase of crypto withdrawals at 04:00 UTC on 3 November. It followed the initial reopening on 1 November, which began with Bitcoin. The additional rollout covered selected assets on several networks, including Ethereum, BNB Smart Chain and Solana.

The distinction between an asset and its network matters. Access to a token through one network does not establish availability through every supported route. Binance said it would reopen each network-and-asset combination progressively after checks, with deposits remaining available. Its notice also warned of possible delays during the rollout.

That makes Binance recovery a sequence of operational milestones. Key measures include which routes have reopened, whether withdrawals are complete and how much of the affected asset pool has been restored. Read a broad reopening announcement alongside its detailed coverage, rather than treating it as confirmation that every service has returned simultaneously.

Binance recovery reaches 95% as proof of reserves verifies 10 crypto assets

In its 2 November update, Binance said it had covered approximately 95% of the impacted amount using its own resources. It attributed the remaining portion to less liquid tokens that took longer to source. These remain statements from the company about its recovery programme.

The platform also said its 31 October snapshot was verifiable for ten assets, including BTC, ETH, USDT, BNB and XRP. Binance said it would take a further proof of reserves snapshot covering more tokens today, 4 November. The company estimated that producing the resulting cryptographic proof would take another 40 to 50 hours, so the expanded verification is not expected to be available at the time of publication.

Reserve evidence and withdrawal access answer related questions. One concerns the assets represented in a particular snapshot; the other concerns customers’ ability to retrieve balances. Assessing both provides a fuller view of crypto market confidence than relying on either a reserve percentage or a reopening headline alone.

Bitcoin market activity brings crypto betting and BTC wagers into focus

Bitcoin’s latest price movements have created new reference points for readers following the market. Binance’s phased reopening of withdrawals adds another timely development, connecting exchange activity, asset flows and BTC price action within the same news cycle.

This combination also matters for crypto betting on moon.com, where users can wager on cryptocurrency price direction. Shifts in Bitcoin momentum and major Binance updates provide fresh market context for evaluating potential BTC moves across time frames.

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https://moon.com/

For Bitcoin wagers, short-term volatility, resistance levels and recovery attempts can all shape the available market outlook. The return of more withdrawal routes gives crypto audiences an additional indicator to follow as Bitcoin searches for its next sustained direction.

Crypto asset custody gives Nigerian readers a separate reference point

The focus on access and reserves connects directly to digital asset custody. Nigeria’s SEC rules on digital assets include provisions covering custodians, operational controls and responses to system failures. That framework explains why safeguarding assets and maintaining reliable systems are separate responsibilities.

Banking access is another layer. The CBN guidelines for VASP bank accounts, issued in December 2023, address relationships between supervised financial institutions and eligible virtual asset service providers. They concern banking arrangements rather than the status of an individual blockchain withdrawal.

Neither document verifies Binance’s latest recovery claims. They provide Nigerian context for assessing service access, custody and settlement without confusing a global platform update with a local regulatory decision.

Bitcoin and Binance withdrawals face different recovery milestones

The next useful developments are specific: wider withdrawal coverage, evidence about the remaining affected assets and publication of the cryptographic verification generated from the 4 November snapshot. Each would add information about the operational recovery, although none alone establishes where Bitcoin should move next.

Another consideration is where withdrawn Bitcoin goes. Transfers into personal wallets can reflect a change in custody preferences rather than an intention to dispose of the asset. Conversely, moving coins to another platform may increase their availability for conversion without proving that a transaction has occurred. Public wallet movements therefore need context before they can support claims about selling pressure.

The recovery timetable also deserves scrutiny. Replacing the most liquid assets first can restore access for many customers while leaving smaller balances or less common routes unavailable. Progress should consequently be assessed against the remaining obligations, alongside the proportion already covered. This keeps the focus on completed service restoration rather than reassuring percentages alone. Both access and evidence will shape the next assessment.

For the Bitcoin market, the price response remains a separate measure. The reopening process can remove one source of uncertainty while broader demand stays weak. A more convincing improvement would combine dependable access to funds with sustained price stability, rather than a single reassuring announcement followed by another short-lived bounce.

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