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    Taxing, Borrowing the Future Without Building: What has Nigeria’s fiscal authority done for the real sector?

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    Tinubu mourns ex-Delta Governor Emmanuel Uduaghan at 71

    Tinubu mourns ex-Delta Governor Emmanuel Uduaghan at 71

    NASENI to empower 500 Kaduna households with clean energy, commission drone facility

    NASENI to empower 500 Kaduna households with clean energy, commission drone facility

    Makinde to present 2026 budget proposal to Assembly on Monday

    Gov Makinde’s claim of FG withholding ₦250b NLNG dividends defies basic logic and economic reality – Presidency

    Tinubu mourns ex-Delta Governor Emmanuel Uduaghan at 71

    Nigeria: Uduaghan, ex- Delta State governor is dead

    Nigeria: Services sector leads GDP growth to 3.98% in Q3 2025 

    Nigerians to feel relief as economic reforms begin to yield result – FG

    SERAP urges INEC to account for alleged missing N55.9b meant to buy smart card readers, ballot papers, others

    SERAP sues INEC over failure to account for alleged missing ₦126b electoral funds

    Nigeria: Speaker Abbas inaugurates House committee to strengthen border security

    Nigeria: Speaker Abbas commissions two power projects in Soba, lays foundation for others

    Lagos unveils comprehensive cybersecurity guidelines to strengthen digital safety

    Lagos to host South-West bi-annual Food Systems Transformation Strategy Review

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    NFC congratulates Funke Akindele as film ‘Behind The Scenes’ grosses over N2b at the box office

    Funke Akindele set to release latest film ‘Where Is Mr. Right?’ Aug. 15

    British singer Luca Zuccotti visits Afrika Shrine, celebrates Fela’s Afrobeats legacy

    British singer Luca Zuccotti visits Afrika Shrine, celebrates Fela’s Afrobeats legacy

    Deejays disown report of Burna Boy’s music ban

    Burna Boy is Africa’s best-selling artiste with 14.46m equivalent album units

    Tems makes history as first African female artiste to clinch Diamond single in U.S.

    MTN gives 20 startups N5m each in Cloud Accelerators programme

    MTN, Ultima offer N225m recording deal, others to Next Afrobeat Star 2.0 winner

    NFC congratulates Funke Akindele as film ‘Behind The Scenes’ grosses over N2b at the box office

    Funke Akindele confirms inspiration by American filmmaker Tyler Perry

    Deejays disown report of Burna Boy’s music ban

    Burna Boy edges Tems as African artiste on billboard Hot 100 entries

    Nigeria–Congo World Cup dispute: Fresh speculation as DR Congo omits two controversial players

    Burna Boy, Shakira set to release FIFA World Cup song “Dai Dai”

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    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

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    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Alausa unveils 39 agric curricular, 31 occupational standards to boost food security, youth employment

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Minister praises Dangote Foundation’s move to empower four million students with IPO shares

    Nigeria: Minister reaffirms Tinubu administration’s commitment to workers’ welfare, urges VCs to pay CATA, CONTA, CONMESS

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Education Minister asks VCs to prioritise critical degree programmes for manpower shortages

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Minister advances Tinubu’s Renewed Hope Agenda as Birmingham, UNILAG launch world-class joint degrees

    TETFund approves N6.5b for tertiary institutions in 2026

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    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

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    Neimeth sets Oct 27 for Q3 2026 board meeting as closed period takes effect

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    Fidson Healthcare board to meet on October 22 to consider Q3 2026 results – investors eye earnings update

    Nigeria’s economy risks millions in losses as $2.45b  eye care return remains untapped

    Nigeria’s economy risks millions in losses as $2.45b  eye care return remains untapped

    Neimeth, shareholders get March 31 date by court to meet on new share scheme

    Clinoscope Services offloads 5.7m shares in Neimeth Pharmaceuticals

    Neimeth, shareholders get March 31 date by court to meet on new share scheme

    Neimeth International Pharmaceuticals’ Non-Executive Director, Eric Okoruwa acquires 714,285 shares

    Juli Plc announces AGM date and corporate actions schedule for September 2026

    Juli Plc approves 2025 financials, reconstitutes board at AGM

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    DAAR Communications announces closed period ahead of Q3 2026 financial results

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    CP Abayomi Shogunle, Prof Tayo Popoola, Adaora Onyechere Sydney-Jack, Lanre Arogundade to speak at GOCOP 2026 conference

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    Fidelity Bank holds 38th AGM: Shareholders greenlight 2025 financials and board changes

    Abiodun’s Education Support Programme expands to 1,277 beneficiaries, introduces entrepreneurship, digital skills training

    Abiodun’s Education Support Programme expands to 1,277 beneficiaries, introduces entrepreneurship, digital skills training

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    Abiodun family awards over ₦100m scholarships to 831 indigent students

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    Sahara advocates sustainable investment and climate finance for Africa at UNGA

    Sahara advocates sustainable investment and climate finance for Africa at UNGA

    Sokoto–Badagry Highway: 18km of earthworks, 47km of site clearance achieved in 2 months- Contractor

    Twenty years of progress on gender parity now fragile  – WEF Report

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    WTO retains 72% of world trade despite uncertainties – Okonjo-Iweala

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    Sanwo-Olu aide flags off 5th Cycling Lagos as Agbo clinches second consecutive title

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    Taxing, Borrowing the Future Without Building: What has Nigeria’s fiscal authority done for the real sector?

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    Lagos records N13.24b in fire losses through Q3 2026: Economic impact, insurance risks, and real estate implications

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    Taxing, Borrowing the Future Without Building: What has Nigeria’s fiscal authority done for the real sector?

    Tinubu explains extension of tenures of heads of correctional and immigration services

    Tinubu mourns ex-Delta Governor Emmanuel Uduaghan at 71

    Tinubu mourns ex-Delta Governor Emmanuel Uduaghan at 71

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    NASENI to empower 500 Kaduna households with clean energy, commission drone facility

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    Gov Makinde’s claim of FG withholding ₦250b NLNG dividends defies basic logic and economic reality – Presidency

    Tinubu mourns ex-Delta Governor Emmanuel Uduaghan at 71

    Nigeria: Uduaghan, ex- Delta State governor is dead

    Nigeria: Services sector leads GDP growth to 3.98% in Q3 2025 

    Nigerians to feel relief as economic reforms begin to yield result – FG

    SERAP urges INEC to account for alleged missing N55.9b meant to buy smart card readers, ballot papers, others

    SERAP sues INEC over failure to account for alleged missing ₦126b electoral funds

    Nigeria: Speaker Abbas inaugurates House committee to strengthen border security

    Nigeria: Speaker Abbas commissions two power projects in Soba, lays foundation for others

    Lagos unveils comprehensive cybersecurity guidelines to strengthen digital safety

    Lagos to host South-West bi-annual Food Systems Transformation Strategy Review

  • Entertainment
    NFC congratulates Funke Akindele as film ‘Behind The Scenes’ grosses over N2b at the box office

    Funke Akindele set to release latest film ‘Where Is Mr. Right?’ Aug. 15

    British singer Luca Zuccotti visits Afrika Shrine, celebrates Fela’s Afrobeats legacy

    British singer Luca Zuccotti visits Afrika Shrine, celebrates Fela’s Afrobeats legacy

    Deejays disown report of Burna Boy’s music ban

    Burna Boy is Africa’s best-selling artiste with 14.46m equivalent album units

    Tems makes history as first African female artiste to clinch Diamond single in U.S.

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    NFC congratulates Funke Akindele as film ‘Behind The Scenes’ grosses over N2b at the box office

    Funke Akindele confirms inspiration by American filmmaker Tyler Perry

    Deejays disown report of Burna Boy’s music ban

    Burna Boy edges Tems as African artiste on billboard Hot 100 entries

    Nigeria–Congo World Cup dispute: Fresh speculation as DR Congo omits two controversial players

    Burna Boy, Shakira set to release FIFA World Cup song “Dai Dai”

    Mixed reactions trail Davido’s appointment as youth mobiliser for Adeleke’s re-election campaign

    Davido set for induction into Black Music Walk Of Fame

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    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Minister hails JAMB listing of Armed Forces College of Medicine & Health Sciences as 100 pioneer cadets prepare for admission

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Alausa unveils 39 agric curricular, 31 occupational standards to boost food security, youth employment

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Minister praises Dangote Foundation’s move to empower four million students with IPO shares

    Nigeria: Minister reaffirms Tinubu administration’s commitment to workers’ welfare, urges VCs to pay CATA, CONTA, CONMESS

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Education Minister asks VCs to prioritise critical degree programmes for manpower shortages

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: Minister advances Tinubu’s Renewed Hope Agenda as Birmingham, UNILAG launch world-class joint degrees

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    Nigeria: TETFund unveils 13 projects to strengthen medical education, research, health care delivery at FUHS

    Nigeria: Senate confirms three nominees as non-career ambassadors, two commissioners of NERC

    Nigeria: Senate amends Federal Polytechnic Act for Polytechnics to award degrees

    Nigeria: FG cancels mother tongue policy, declares English sole medium of instruction in schools

    Nigeria: FG seeks seeks overhaul of fragmented academic calendar

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    Neimeth, shareholders get March 31 date by court to meet on new share scheme

    Neimeth sets Oct 27 for Q3 2026 board meeting as closed period takes effect

    Fidson Healthcare board to meet on October 22 to consider Q3 2026 results – investors eye earnings update

    Fidson Healthcare board to meet on October 22 to consider Q3 2026 results – investors eye earnings update

    Nigeria’s economy risks millions in losses as $2.45b  eye care return remains untapped

    Nigeria’s economy risks millions in losses as $2.45b  eye care return remains untapped

    Neimeth, shareholders get March 31 date by court to meet on new share scheme

    Clinoscope Services offloads 5.7m shares in Neimeth Pharmaceuticals

    Neimeth, shareholders get March 31 date by court to meet on new share scheme

    Neimeth International Pharmaceuticals’ Non-Executive Director, Eric Okoruwa acquires 714,285 shares

    Juli Plc announces AGM date and corporate actions schedule for September 2026

    Juli Plc approves 2025 financials, reconstitutes board at AGM

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    Nigeria Tobacco Control Alliance urges rejection of tobacco industry-linked dev’t initiatives

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    GOCOP condoles with NextEdition Publisher, Victoria Ibanga, on husband’s death

    Communique issued at the end of the 10th Annual Conference of GOCOP

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    Lagos, Delta, Imo, Ekiti, Shell, Access Bank, NASENI join GOCOP conference partners

    DAAR Communications announces closed period ahead of Q3 2026 financial results

    DAAR Communications announces closed period ahead of Q3 2026 financial results

    GOCOP condoles with NextEdition Publisher, Victoria Ibanga, on husband’s death

    NNPCL, NLNG, Customs, Dangote, others partner with GOCOP for 2026 conference

    Nigeria: FG empowers 70 digital media managers for grassroots outreach

    GOCOP mourns former President Dotun Oladipo

    The Eagle Online will continue to fly, Dotun Oladipo family assures

    CP Abayomi Shogunle, Prof Tayo Popoola, Adaora Onyechere Sydney-Jack, Lanre Arogundade to speak at GOCOP 2026 conference

    CP Abayomi Shogunle, Prof Tayo Popoola, Adaora Onyechere Sydney-Jack, Lanre Arogundade to speak at GOCOP 2026 conference

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    Fidelity Bank holds 38th AGM: Shareholders greenlight 2025 financials and board changes

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    Abiodun’s Education Support Programme expands to 1,277 beneficiaries, introduces entrepreneurship, digital skills training

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    Abiodun family awards over ₦100m scholarships to 831 indigent students

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    IMF urges fiscal discipline, trade cooperation amid global uncertainty

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    Sahara advocates sustainable investment and climate finance for Africa at UNGA

    Sahara advocates sustainable investment and climate finance for Africa at UNGA

    Sokoto–Badagry Highway: 18km of earthworks, 47km of site clearance achieved in 2 months- Contractor

    Twenty years of progress on gender parity now fragile  – WEF Report

    Nigeria: UN calls for protection of civilians, schools following a spate of attacks in Niger State

    World Humanitarian Day: UN calls for scaled-up support to millions of Nigerians in need and safety for the aid workers helping them

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    WTO retains 72% of world trade despite uncertainties – Okonjo-Iweala

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    Lagos records N13.24b in fire losses through Q3 2026: Economic impact, insurance risks, and real estate implications

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    Transcorp Hotels schedules board meeting for Q3 2026 financials, declares closed period

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Home Africa

Africa’s digital future rests on strategic innovation and infrastructure development – Remita MD

by Press Release
September 7, 2024
in Africa, Economy, Industry, Startups, Technology
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Africa’s prosperity is inextricably tied to the quality of its digital infrastructure, says Mr ‘Deremi Atanda, Managing Director of Remita Payment Services Limited (RPSL). Speaking at the Hyperscalers Convergence Africa Conference during a panel session themed ‘Innovating Towards Africa’s Digital Future,’ Mr Atanda emphasised that Africa’s development depends on innovative strategies that cater to the continent’s unique challenges and opportunities.

The panel session brought together key industry leaders, including Wabo Majavu, Executive, Strategy & Business Operations at Africa Data Centres; Ifeanyi Akosionu, Managing Director, INQ Digital; and Frank Eleanya, Senior Writer, Infrastructure, Business and BigTech at TechCabal. The discussions centred on how digital infrastructure could unlock new possibilities for Africa’s economic growth and sustainability.

“Africa’s prosperity is fundamentally tied to the quality of its digital infrastructure,” Mr Atanda remarked. “Solving Africa’s problems within its context will yield multidimensional benefits. Improved digital infrastructure will enhance the quality of life across the continent, connecting Africa in unprecedented ways. Moreover, expanding digital infrastructure will significantly enhance skills development in Africa, connecting more people and creating vast opportunities. This capacity building is crucial for our continent’s growth.”

“Africa’s digital transformation requires a unified vision and a comprehensive infrastructure agenda, driven by dedicated promoters and community involvement. By integrating diverse skills and fostering collaboration, we can accelerate trade, expand local economies, and enhance the quality of life across the continent. Continuous monitoring and evaluation will ensure sustainable progress, making Africa a significant player in the global digital landscape,” he added.

Echoing this sentiment, Wabo Majavu, Executive, Strategy & Business Operations at Africa Data Centres, stated, “We are building for a future we have not yet seen, and this requires constant collaboration and communication. Adopting a DevOps culture is essential for our success. We must focus on interconnected solutions and collaborate with government programmes to execute our plans effectively.” Her call for collaboration underscores the need for a unity of vision in Africa’s digital transformation, highlighting that innovation cannot exist in isolation.

In Nigeria, digital adoption has grown significantly, with internet penetration reaching 52% of the population in 2023, according to the Nigerian Communications Commission (NCC). The country also witnessed a rise in mobile broadband subscriptions, which surpassed 92.3 million users in 2022, reflecting the increasing demand for digital services across the nation. Despite these advancements, significant gaps remain, particularly in rural areas where infrastructure development and digital inclusion are still lagging. Expanding digital infrastructure to unserved and underserved regions will be key to addressing these challenges and driving sustainable growth.

Olusola Teniola, Director of Strategic Business Initiatives at IPNX, reinforced this perspective by stating that, “With Africa’s population projected to reach 2.4 billion by 2050, the urgency of investing in digital infrastructure has never been more evident. This investment is not just about laying fibre-optic cables or expanding data centres; it is about building a foundation for collaboration, future growth, innovation, and economic prosperity.” This sense of urgency adds a compelling dimension to the need for swift and strategic investment across the continent.

Mr Atanda further emphasised the critical role that innovation plays in addressing Africa’s challenges. He noted that while there have been significant advancements in the digital payment space, there is still much work to be done, particularly in creating intra-African payment systems that facilitate trade and economic collaboration without relying on external channels. He affirms that Remita is at the forefront of this innovation, redefining the ease of connected payments digitally.

“Pan-African payments have been a long time coming. It’s time to take ownership of our digital future and ensure that our solutions are designed by Africans, for Africans. We need to build capacity at scale and create opportunities for the continent to thrive,” he quipped.

One of the key messages Remita’s Managing Director delivered during the session was the importance of community involvement in shaping Africa’s digital future. He called for a collective effort from various stakeholders, including governments, businesses, and educational institutions, to promote and implement a unified digital infrastructure agenda.

“To succeed, we need to engage communities at all levels—whether it’s local communities, governments, or the investment community. This will ensure that Africa’s digital infrastructure meets the unique needs of each region while driving sustainable development,” he explained.

Mr Atanda concluded by advocating for the creation of an African digital infrastructure investment bond, which would encourage both local and international stakeholders to invest in the continent’s digital future.

“Africans must take responsibility for shaping our digital destiny. If we don’t, others will do it for us. We need to start framing the conversation around digital infrastructure in a way that highlights the immense opportunities available and encourages investment in this critical sector,” he said.

Tags: Deremi AtandaHyperscalers Convergence Africa ConferenceRemita Payment Services Limited
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