Connect with us

Business

NITDA, IDCA partner to transform Nigeria’s digital economy

info

Published

on

NITDA logo.jpg

The National Information Technology Development Agency (NITDA) has signed a strategic partnership agreement with the International Data Centre Authority (IDCA) to accelerate Nigeria’s transition into a fully integrated digital economy through a large-scale national digital infrastructure programme.

NITDA announced the partnership in a joint statement signed by the Director, Corporate Communications and Media Relations Department, Hadiza Umar, and the IDCA’s Global Head of Strategic Services, Head of Europe and Africa, Solomon Edun, on Wednesday.

The partnership is in line with the Nigerian Sovereign Cloud (NSC) initiative, which aims to establish an execution-led, investment-driven framework for infrastructure deployment.

The NSC initiative also aims to achieve regulatory standards and workforce development into a unified national platform designed to mobilise both public and private capital and accelerate long-term economic value creation.

Integrated pillars

According to NITDA, at the centre of the programme is the ‘Nigeria Digital Triangle (NDT)’, a network of strategically located hyperscale, AI-enabled data centre clusters intended to anchor investment, host global cloud and enterprise workloads, and serve as the backbone for Nigeria’s emerging digital economy.

PT WHATSAPP CHANNEL

According to the partners, the initiative will be built around four integrated pillars: a national digital economy masterplan with clearly defined milestones; hyperscale infrastructure development through interconnected digital hubs; national digital standards aligned with international best practices; and a structured education and workforce development system aimed at sustaining long-term capability building.

Speaking on the partnership, the Director-General of NITDA, Kashifu Inuwa, described the initiative as a significant milestone in Nigeria’s economic and digital transformation.

“This initiative represents a defining moment in Nigeria’s economic transformation, reaffirming the government’s commitment to advancing the Digital Economy and Data Sovereignty Agenda.

“By working with the leading experts of IDCA and members of the National Sovereign Cloud Initiative Technical Working Group as the most advanced and credible think tank, prioritizing digital infrastructure, talent development, data sovereignty, artificial intelligence, and entrepreneurship, Nigeria is laying a strong foundation for sustainable infrastructure growth, job creation, global competitiveness, and innovation-driven, inclusive development,” the NITDA boss, Mr Inuwa said.

On his part, the Chairman of IDCA, Mehdi Paryavi, noted that Nigeria’s economic position and growth potential will make the initiative strategically important for the continent.

“Nigeria is the largest economy in Africa and has the potential to become larger and more impactful to the lives of the people of Africa and beyond.

“This is more than a national initiative; it is a platform for long-term economic value creation. By integrating digital infrastructure, standards, and talent, bundled with investments and the right policymaking.

“Nigeria is building a competitive advantage in the global digital economy,” the data centre authority chairman said, emphasising Nigeria’s digital role on the continent.

READ ALSO: NITDA raises alarm on DeepLoad AI malware attacks, proffers solutions

Execution

The Chief Research Officer at IDCA, Roger Strukhoff, said the programme positions Nigeria to become a regional technology leader. According to him, the initiative is a structured, investment-ready approach that aligns strategy with execution and global best practices.

“Nigeria is taking a decisive step toward becoming a regional digital powerhouse. IDCA is pleased to be fundamental to this historic economic evolution,” he said.

Solomon Edun, global head of strategic services and head of Europe and Africa, stated that the IDCA and Nigeria have worked for years to reach the point of digital economy transformation and partnership.

He added that the partnership will enable a scalable, sustainable digital ecosystem by focusing on infrastructure deployment.

“This is a historic moment, and the program is designed to translate vision into measurable outcomes. By focusing on infrastructure deployment, investment attraction, and skills development, we are enabling a scalable and sustainable digital ecosystem,” he said.

NITDA’s Acting Director, Regulation and Compliance, Emmanuel Edet, highlighted the importance of standards and governance in supporting the project.

According to him, the development of nationally endorsed standards, implemented in parallel with enabling physical infrastructure, is fundamental to ensuring regulatory consistency, data security, and long-term sustainability.

“This collaborative initiative between Nigeria and the International Data Centre Authority establishes the requisite technical benchmarks and strategic governance framework to support effectively,” Mr Edet added.

The initiative will be implemented over three years with defined milestones and structured engagement across government, private sector, and international partners.

The partnership reinforces Nigeria’s commitment to leveraging digital infrastructure to drive economic diversification, innovation, and global integration.


Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Nigerian airlines may go extinct within 30 days

info

Published

on

By

Allen.jpg

MTN ADVERT

The Vice Chairman of the Airline Operators of Nigeria (AON) and Chairman of Air Peace, Allen Onyema, has warned that several domestic airlines could cease operations within the next 30 days unless the Federal Government urgently intervenes in the challenges confronting the aviation industry.

Mr Onyema said the industry is facing an existential crisis driven by high operating costs and multiple financial obligations.

He spoke on Wednesday in Lagos at the launch of Pathways, Pilgrimage & Destiny: The Biography of Alhaji Muneer Bankole, the biography of the founder of Med-View Airline.

“Going into aviation is not a piece of cake. It is an industry that is not very rewarding. It is capital-intensive, yet less rewarding. Today, we are facing a phase that poses existential threats. Except something drastic is done very quickly within the next 30 days, a lot of airlines might go extinct,” Mr Onyema said.

His warning comes amid renewed concerns among Nigerian airline operators over the cost of aviation fuel, multiple regulatory charges, access to financing and the financial obligations imposed on carriers.

PT WHATSAPP CHANNEL

Mr Onyema also criticised the planned picketing of airlines by aviation unions over the non-remittance of the five per cent Ticket Sales Charge (TSC), warning that such action could trigger a wider disruption in domestic air travel.

He said airlines would support one another if any carrier were picketed.

“If they picket any airline, others will go because there’s no need for that. There is nowhere in the world that government agencies use unions to talk about issues of debt.”

The five per cent TSC is a statutory charge collected by the Nigerian Civil Aviation Authority (NCAA) on tickets originating from Nigeria. The authority says the charge is collected under the Civil Aviation Act and shared with other aviation agencies, including the Nigerian Airspace Management Agency, the Nigerian Meteorological Agency, the Nigerian College of Aviation Technology and the Nigerian Safety Investigation Bureau.

The NCAA has also acknowledged challenges surrounding the timely remittance of the charge.

In February, the authority met with AON regarding its requirement that airlines provide advance payment guarantees to ensure the timely remittance of the statutory charge.

The NCAA said the measure was intended to safeguard funds collected from passengers and improve the predictability of funding for aviation agencies. It subsequently deferred implementation of the requirement for 90 days to allow operators to regularise outstanding remittances.

Mr Onyema, however, argued that the financial burden on airlines needed to be addressed through a broader review of government charges and the industry’s operating environment.

“The airlines are not against helping the government generate revenue. But no airline in the world is taxed directly for revenue. The airlines indirectly provide revenue for the government,” he said.

Rising cost pressures

Mr Onyema explained that the industry’s difficulties were not limited to the TSC, citing the capital-intensive nature of airline operations and the high costs of aircraft maintenance and daily operations.

He said the survival of airlines required urgent government action rather than measures that could further increase their financial burden.

“Everybody pities Nigerian airlines, yet nobody wants to do anything about their situation,” he said.

He added that the industry’s history showed how difficult it had been for domestic carriers to remain in business over the long term, noting that more than 50 airlines had exited the Nigerian market over the years.

AON has previously cited the collapse of more than 50 Nigerian airlines over a three-decade period as evidence of the industry’s long-standing financial difficulties.

The sector has continued to face pressure from rising aviation fuel costs, foreign exchange challenges, aircraft maintenance expenses and financing costs.

In June, Mr Onyema warned that airlines were borrowing from banks to purchase aviation fuel and reducing flight frequencies to limit losses. He also called for a review of aviation taxes and charges, particularly the five per cent TSC.

More recently, he said many operators had been forced to scale back operations due to the rising cost of keeping aircraft in service. He also warned that the financial pressure could lead to further airline failures.

Calls for government intervention

Mr Onyema’s latest warning adds to growing calls by airline operators for the government to review the financial and regulatory environment in which domestic carriers operate.

READ ALSO: Nigerian airlines now depend on bank loans as fuel costs soar — Onyema

The AON has previously sought direct engagement with President Bola Tinubu over aviation taxes and charges, arguing that the cumulative burden was undermining the viability of domestic airlines.

Mr Onyema called for an aviation taxes and charges review committee in June to examine the various levies imposed on airlines and recommend measures to improve the industry’s sustainability.

The debate comes as the government continues to defend aviation-sector reforms and the need for airlines to meet their statutory obligations.

The NCAA has said that the five per cent TSC is not an arbitrary levy but a statutory charge collected from passengers and remitted through airlines to fund key aviation agencies.

For airlines, however, the issue is part of a wider concern about the cost of doing business in an industry where aircraft acquisition, maintenance, fuel and financing are largely dollar-denominated.

Mr Onyema said that unless urgent measures were taken to address the pressures facing operators, more airlines could be forced out of business.


Discover more from Premium Times Nigeria

Subscribe to get the latest posts sent to your email.

Continue Reading

Business

NAICOM Begins Issuance of New License Certificates to Recapitalised Firms

info

Published

on

By

BY NKECHI NAECHE-ESEZOBOR—National Insurance Commission (NAICOM), on Tuesday presented new Licence Certificates to insurance companies that successfully met the Commission’s new minimum capital requirements.

In his opening remarks, the Commissioner for Insurance (CFI) congratulated the successful companies and stated that the issuance of the new licences marks a significant milestone in the recapitalization programme.

He noted that the development signals the beginning of a new regulatory era focused on stronger capitalization, improved corporate governance, enhanced product innovation, and the Commission’s broader drive to build a stronger, more resilient, and globally competitive insurance industry in Nigeria.

The Commissioner urged the companies to leverage their enhanced capital base to drive innovation, develop new products, and deepen insurance penetration across the country.

He emphasized that the Commission has high expectations for professionalism, innovation, operational efficiency, and improved returns on investment, noting that the successful completion of the recapitalization programme positions the industry for the next phase of regulatory reform.

He further announced that the Commission’s next major regulatory initiative will be the implementation of the Risk-Based Capital (RBC) framework, under which insurers’ capital levels will be aligned with the risks inherent in their business portfolios.

The Commission reaffirmed its commitment to removing regulatory impediments where appropriate while maintaining robust oversight and enforcing standards that protect policyholders and strengthen market confidence.

A total of 43 insurance companies that were declared compliant with the new capital requirements are expected to receive their new licences from the Commission.

The issuance of the certificates marks the commencement of a phased transition to higher capital standards aimed at enhancing the financial capacity, solvency, and claims-paying ability of insurance operators in Nigeria.

The post NAICOM Begins Issuance of New License Certificates to Recapitalised Firms appeared first on Business Today NG.

Continue Reading

Trending