Business
*X-raying Key Reforms in Nigeria’s Communication Sector* By Attah Adadu
*X-raying Key Reforms in Nigeria’s Communication Sector*
By Attah Adadu
Nigeria’s communication sector, once a sluggish behemoth plagued by inefficiency and disarray, has witnessed a remarkable metamorphosis in recent years. This revitalization, a symphony of bold reforms and strategic vision, owes much to the leadership of the astute Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr Aminu Maida.
One of the notable reforms spearheaded by the current EVC and the Ministry of Communication is the focus on digital transformation and expanding connectivity across the nation. The deployment of advanced technologies, such as 5G networks, has the potential to revolutionize various industries, enhance communication capabilities, and bridge the digital divide. These initiatives are known to be crucial in fostering economic growth, empowering individuals, and positioning Nigeria as a leader in the global digital economy.
Prior to Maida’s tenure, broadband penetration in Nigeria hovered around a dismal 22%, throttling progress across sectors. Recognizing this as a crucial bottleneck, Maida spearheaded the ambitious National Broadband Plan (NBP) 2020-2025. This plan, a masterclass in inclusivity, aims to cover 90% of the population with affordable broadband by 2025. The results are astounding: broadband penetration shot up to 45% in just two years, a testament to the plan’s efficacy. Villages and towns, are now connected to the world, empowering education, healthcare, and entrepreneurship.
The current leadership understand that to ensure a dynamic and competitive communication sector, regulatory frameworks must evolve alongside technological advancements. In view of this, they demonstrated a commitment to this by reviewing and updating existing policies to align with global standards. By providing a supportive regulatory environment, entrepreneurs and innovators are encouraged to invest in the sector, driving innovation, job creation, and economic growth.
Spectrum, the invisible yet vital resource for all wireless communication, was once shrouded in opacity and controversy. Enter Maida, who ushered in a new era of transparent and efficient spectrum auctions. The 5G spectrum auction of 2021, meticulously conducted under his watch, generated a staggering $2.7 billion, a record-breaking feat that drew global acclaim. This windfall is being wisely channeled into infrastructure development and digital literacy programs, further propelling the sector forward.
Without neglecting the sensitivity of Cyber security and Data Privacy in an increasingly digital world, where the need for robust cybersecurity measures and data privacy regulations cannot be overstated, the current leadership in the Ministry of Communication has prioritized these areas, recognizing and proffering solutions to the potential risks associated with technological advancements. This was achieved by implementing stringent cybersecurity protocols and advocating for data protection. The EVC and the Ministry of Communication are ensuring that Nigeria’s communication infrastructure remains secure and that individuals’ privacy rights are safeguarded.
Further recognizing the importance of local content and innovation, the EVC and the Ministry of Communication have placed a strong emphasis on empowering Nigerian businesses and individuals. Initiatives such as the establishment of innovation hubs, incubation programs, and support for local startups have provided a platform for creativity and entrepreneurship to thrive. This focus on local talent not only drives economic growth but also ensures that Nigerians actively participate in shaping the future of the communication sector.
Maida doesn’t just clear hurdles; he builds springboards. Recognizing the power of local innovation, he established the N-VEST Fund, a N20 billion pot of gold specifically dedicated to nurturing Nigerian tech startups. This bold initiative fosters homegrown solutions to local problems, empowering a new generation of digital entrepreneurs. Additionally, under his leadership, the NCC created regulatory frameworks that incentivize investment in research and development, ensuring Nigeria doesn’t just consume technology, but actively contributes to its evolution.
In a sector notorious for exploitative practices, Maida stands as a staunch advocate for consumer rights. The Mobile Number Portability (MNP) initiative, championed by him, empowers users to switch networks seamlessly, fostering price competition and improved service quality. Furthermore, the establishment of the Consumer Affairs Bureau within the NCC provides a dedicated platform for resolving consumer complaints, ensuring justice and fair treatment for all Nigerians.
As it’s known that the success of any sector relies on collaboration and partnerships, both locally and internationally, the current leadership has actively engaged with stakeholders, including industry players, international organizations, and foreign governments, to foster meaningful collaborations. These partnerships enable knowledge sharing, technology transfer, and capacity building, ultimately benefiting the Nigerian communication sector and positioning it for greater success on the global stage.
Like any journey, the road to a fully digitized Nigeria is fraught with challenges. Issues of infrastructure deployment in rural areas, bridging the digital divide, and ensuring data privacy and cybersecurity remain formidable hurdles. However, Maida’s unwavering vision and commitment to inclusive development offer a powerful counterpoint. His collaborative approach, fostering partnerships with government agencies, private sector players, and civil society, ensures that all stakeholders have a seat at the table, crafting solutions that are sustainable and truly serve the needs of all Nigerians.
The recent developments In Nigeria’s communication sector under the leadership of the current EVC and the Ministry of Communication have been transformative. From infrastructure development to digital inclusion, regulatory reforms to cybersecurity, and e-government initiatives to collaboration and partnerships, the sector has witnessed remarkable progress. These reforms have not only improved connectivity and access to digital services but have also contributed to Nigeria’s socio-economic growth, job creation, and overall development.
Beyond statistics and policies, Maida’s leadership has instilled a newfound spirit of optimism within the sector. From rural farmers accessing vital market information to young tech minds brimming with innovative ideas, the potential for growth and transformation is palpable. Dr Aminu Maida is not just steering the ship; he is building a lighthouse, guiding Nigeria towards a future where communication empowers, connects, and propels every citizen towards a brighter tomorrow. This This true story that’s not just of reform, but of revolution, an X-ray that reveals the vibrant bones of a sector reborn, ready to lead Nigeria into the digital age.
As we celebrate these achievements, it is crucial to sustain the momentum, great innovators like Maida, and continue investing in the communication sector, so as to unlock its full potential for the benefit of all Nigerians.
Adadu writes from 3rd Eye Dimension, United Kingdom.
Business
Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Bank
Alpha Morgan to Host 19th Economic Review Webinar
Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information.
On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.
The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.
With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.
Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19
It is a bi-monthly platform that is open to the public and is held virtually.
Visit www.alphamorganbank to know more.
Business
GTBank Launches Quick Airtime Loan at 2.95%
GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.
In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.
For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.
Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”
Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.
With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank
Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.
About HabariPay
HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:
GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com
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