Shell pledges sustained support for Nigeria’s secure energy future through strategic investments - ITREALMS

Shell has reaffirmed its long-term commitment to advancing Nigeria's energy sector by driving strategic investments and maintaining efficient business operations across the country, reports ITREALMS.

Speaking as a major sponsor at the opening of the 49th Nigeria Annual International Conference and Exhibition (NAICE) hosted by the Society of Petroleum Engineers (SPE) in Lagos, General Manager of Development and Subsurface for Shell Nigeria Deepwater, Kun Jiang, emphasized the organization's enduring belief in the nation's potential.

NLNG: De-risking Nigeria’s energy sector key to unlocking global investments - ITREALMS

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The Nigeria LNG Limited (NLNG) has underscored that a well-structured, low-risk energy sector is the fundamental requirement for attracting massive capital, accelerating economic development, and reinforcing national energy security, reports ITREALMS.

This position was emphasized by NLNG’s General Manager of Production, Nnamdi Anowi, during a high-level panel session titled “De-Risking Investments in African Oil and Gas Projects” at the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos.

Cybersecurity Funding & National Digital Safety: Using FOI to track investments vs. results by Remmy Nweke – Telecoms Clinic@ITREALMS

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In this edition of Telecoms Clinic@ITREALMS, REMMY NWEKE investigates Nigeria’s cybersecurity funding and digital safety, and using FOI will uncover how investments align or fail to align with real national protection outcomes.

In today’s hyperconnected world, the integrity of Nigeria’s digital landscape stands as a defining marker of national resilience. From online banking to e-government platforms, from voter registration databases to smart transportation grids, the nation’s future is increasingly written in code and hosted in cyberspace. Yet, as dependency on digital systems grows, so too does vulnerability, and so must accountability.

Over the past decade, Nigeria has witnessed a surge in both government and private-sector spending on cybersecurity. Reports of multimillion-naira allocations appear annually in national budgets, alongside initiatives labeled “cyber defense,” “digital safety,” “critical infrastructure protection,” or “national security modernization.” Unfortunately, the same reports rarely show detailed outcomes or impact metrics.

Nwapa: Oil industry investments not stifled by local content - ITREALMS

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The Nigerian Content Academy Lecture Series, organized by the Nigerian Content Development and Monitoring Board (NCDMB), began on a thought-provoking note on Friday, offering a panoramic review of local content strategy and implementation in Nigeria’s oil and gas industry. 

The event also featured a strong admonition to stakeholders not to trivialize the national local content initiative.

NCC’s Maida rallies stakeholders on broadband investments, infrastructure protection - ITREALMS

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The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has urged national and sub-national stakeholders to align policies and actions that promote broadband investment and safeguard Nigeria’s critical digital infrastructure, warning that “the cost of inaction is too high for the nation’s future.”

Dr. Maida made the call while delivering his remarks at the Business Roundtable on Improving Investments in Broadband Connectivity and Safeguarding Critical National Infrastructure, held at the NCC Digital Economy Complex, Mbora, on October 8, 2025, with the theme: “Right of Way and Protection of Broadband Infrastructure – The Road to Success in Broadband Investment and Connectivity.”

Nigeria: All On chairman urges bold investments to bridge energy gap - ITREALMS

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Nigeria needs bold investments to address the energy deficit that affects millions of households and industries, Chairman of off-grid impact investment company All On, and Managing Director of Shell Nigeria Exploration and Production Company Ltd (SNEPCo), Ronald Adams has declared, reports ITREALMS.

Addressing business leaders at the 2025 International Business Conference & Expo of the Lagos Chamber of Commerce and Industry (LCCI), Adams, who assumed the role of All On Board Chairman last month, quoted statistics showing that over 80 million Nigerians lacked access to reliable electricity.

NLNG deepens educational commitment with new investments in Rivers State - ITREALMS

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The NLNG has commissioned the second phase of its school renovation project in Rivers State, upgrading infrastructure in host community schools as part of its strategic commitment to education and community development, reports ITREALMS.

The commissioning, which includes the transformation of Model Boys Secondary School, Omoku, and Community Secondary School, Amadi-Ama in Port Harcourt, marks a significant milestone in NLNG’s four-pillar Corporate Social Responsibility (CSR) agenda focused on sustainability, stakeholding, partnership, and shared prosperity. These upgrades were delivered in collaboration with the Rivers State Ministry of Education, a key partner in the Company’s drive to promote quality education.

Commissioner: Why Oyo is experiencing influx of investments - ITREALMS

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The influx of investments and investors into Oyo State over the last few years has been attributed to a series of business-friendly policies and an enabling environment put in place by Governor 'Seyi Makinde, reports ITREALMS.

According to Hon. Adeniyi Adebisi, Commissioner for Trade, Investment, Industry and Cooperatives, the administration of Governor Makinde has done everything possible to ensure that businesses and investments thrive.

Dangote @TIME100 dinner, pledges more investments to uplift vulnerable populations - ITREALMS

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Africa's foremost humanist and Chairman of Aliko Dangote Foundation, Aliko Dangote, has pledged to invest greater funds in the upliftment of vulnerable populations across Nigeria and Africa, as part of his philanthropic efforts to give back to the society.

Dangote spoke on the sideline of the TIME100 Impact Dinner held at ASPIRE at the One World Observatory in New York City, USA. The renowned entrepreneur was named among the top 100 philanthropists listed in an inaugural list released by the TIME Magazine on 22 May, alongside other global personalities such as Michael Bloomberg, football icon David Beckham, NBA star Stephen Curry, Melinda Gates and Oprah Winfrey.

Oyo State to partner US on investments, education - ITREALMS

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The Oyo State governor, 'Seyi Makinde, has declared his administration's readiness to partner with the United States of America to explore opportunities in solid minerals development, agribusiness, education and other investment opportunities that will benefit both parties.

The governor stated this on Wednesday, when a delegation from the United States Consul-General, led by the Deputy Chief, Political and Economic Section, Kenise Hill, paid him a courtesy visit at the Governor's Office, Secretariat, Ibadan.

Zinox chairman @France–Nigeria Investment Forum: Tech ecosystem ready to power investments - ITREALMS

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The 2024's France–Nigeria Investment Forum ended on a sound note and was mutually rewarding for both countries.

For some of us who have attended a few such forums in the past, this year’s edition stands out as the best from a Nigerian perspective, especially because of the organization and selection of relevant, successful Nigerian entrepreneurs who attended.

NNPC Ltd, OPEC pledge collaboration to attract investments, grow production - ITREALMS

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The Nigerian National Petroleum Company Limited (NNPC Ltd) and the Organization of the Oil Exporting Countries (OPEC) have pledged to work closely together to achieve the nation’s aspirations to attract investments and grow production, reports ITREALMS.

The two organizations came to this accord when the Secretary General of OPEC, Haitham al-Ghais, paid a courtesy visit to the Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, at the NNPC Towers on Wednesday.

2024 budget: Transport Ministry proposes groundbreaking investments for infrastructure - ITREALMS

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Nigeria's Federal Ministry of Transportation,  has unveiled a bold and transformative budget proposal for 2024, reports ITREALMS.

This was made during a recent Senate and House of Representatives Joint Committee meeting on Land Transport, led by the Honourable Minister Sa’idu Ahmed Alkali.

IATF: Dangote urges greater expansion of trade, investments - ITREALMS

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Continental leading entrepreneur and President/Chief Executive of the Dangote Industries Limited, Aliko Dangote has urged for greater integration of African economies and expansion of trade and investments across the continent to stimulate growth and create employment opportunities.

Speaking at the ongoing Intra-African Trade Fair 2023 holding at the Al Manara International Conference Centre, Nasr City, Cairo Governorate, Dangote, who was represented by the Group Executive Director, Stakeholder Management and Government Relations, Engr. Ahmed Mansur expressed commitment to participating and supporting both the African Continental Free Trade Agreement (AfCFTA) and the Intra-African Trade Fair.

BRI: NASENI, Chinese firms sign MoUs, receives Letters of Intent for $2bn investments - ITREALMS

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At a ceremony attended by Vice President Kashim Shettima on Thursday, October 19, 2023, on the sidelines of the third Belt and Road Initiative (BRI) Forum in Beijing, China, the National Agency for Science and Engineering Infrastructure (NASENI) and new Chinese partners signed three (3) memorandum of Understandings (MoUs) for new projects valued at $2 billion, reports ITREALMS.

The three Chinese companies that signed MoUs to partner with NASENI and invest in Nigeria include Shanghai Launch Automotive Technical Co Ltd – an MOU to establish a new energy automobile facility for the production of new energy electric vehicles.

Unlocking value of innovation investments by Accenture - ITREALMS

ITREALMS:

Accenture's research team has found out that although businesses are increasing their innovation spend, return on investment has declined by 27 per cent over the past five years, reports ITREALMS.

Also the research revealed that almost one-third (29 per cent) of those Accenture surveyed expect to increase their investments in innovation by more than 50 per cent over the next five years.

Accenture, the professional services firm, pointed out that over half (57 per cent) of businesses making significant investments in innovation have underperformed against industry peers when it comes to growth or market value.

"At the same time, almost one-third (29 per cent) of those Accenture surveyed expect to increase their investments in innovation by more than 50 per cent over the next five years," the firm said in a press statement made available to ITREALMS.

Affirming this research findings to ITREALMS, the Managing Director, Financial Services at Accenture, Toluleke Adenmosun, said the fact that return on investment overall is dropping is a worrying trend, because businesses are spending more than ever, but their inability to see proper returns is shocking.

“One of the reasons for this could be that many organisations still see innovation as a peripheral activity separate to the core business; an “ad-hoc creative process” rather than a set of practices that will fundamentally change their way of doing business. It’s like going jogging once a month and then expecting to be able to run a marathon.

“Over the last five years, roughly $3.2tn was spent on innovation worldwide. Yet, the study shows it is not how much you spend that matters, it is how you spend it. The companies bucking the trend and seeing the biggest returns are investing in bold, watershed moves rather than incremental shifts.”

“The companies reaping the biggest rewards show a “go big or go home” mentality by investing in truly disruptive innovation projects,” added Toluleke “They don’t just tinker around the edges.”

Toluleke also argued that some companies just chase the latest tech trends without thinking about how to connect what they’re spending to the biggest problems or opportunities in their business.

The research also reveals that there are seven key characteristics that are adopted by companies deliberately driving innovation.

Nenye Dom/Editor

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DBI boss wants major investments in ICT skills - ITREALMS

ITREALMS:

The Administrator of Digital Bridge Institute (DBI), Dr. Ike Adinde, has called for significant investment in skills of the workforce to make them key drivers of the economy, reports ITREALMS.

Adinde made the suggestion on Wednesday in Abuja at the inauguration of DBI Telecommunication Network Equipment Laboratory.

He said that the laboratory, worth one million US dollars, was donated by Huawei Technologies Nigeria Limited.

According to him, investing in skills of the workforce of a nation is crucial, especially in an increasingly globalised world.

“There is, therefore, the urgent need for us to train and make available to the industry highly skilled human resources to serve as key drivers of the economy.

“It is in response to these challenges that the DBI has built this ultra-modern Lab to train and equip Nigerians with relevant ICT skills for the 21st century to tackle challenges presented by the 4th industrial revolution which requires tailor-made solutions that keep pace with the ever-evolving telecom industry”, he said.

Adinde said that the lab project was started in July 2018 with the donation of a complement of modern telecom equipment by Huawei Technologies to DBI.

He said that the lab was equipped with transmission equipment and ultra-modern next-Generation Core Network Switching Centre that gives a complete end-to-end telecoms scenario.

“One major benefit of the equipment is that it uses real-world industrial quality components to help students become better prepared for what they will encounter on the job.

“The lab is equally effective for technicians, engineers, field workers and anyone needing further understanding and skills in wireless telecommunications.

Mr Titi Omo-Ettu, the Chairman, Governing Board of DBI, said that the inauguration of the laboratory represented a leap in the efforts of the institute to provide qualitative hands on practical telecommunications and ICT training.

Omo-Ettu said that the development of skilled workforce across all sectors of the economy had become a national priority.

“We are keenly aware that there is a global shift from natural resources as a basis for national competitiveness to human resources underpinned by knowledge innovation.

“Interestingly, it is also increasingly evident that innovation is not about academic qualifications or certificates, the emphasis is on skills and creative abilities of the individual.

“The new DBI telecom industry has a full complement of GSM/UTMS equipment and will be fully deployed for the training and retraining of entry level and middle level engineers in industry.

“This effort is the first step in an ambitious plan by the institute to develop functional laboratories and workshops in its campuses in Kano, Lagos, Enugu and Yola.”

According to him, the DBI campuses will serve as focal ICT training centres and would in time transform to Innovation Hubs.

Mr Kevin Yangyang , Deputy Managing Director, Huawei Technologies, said that as partner to the Nigerian Communication Commission and DBI, the organisation believed in contributing significantly to the development of ICT.

He said that Huawei was doing this through leading ICT solutions and innovations.

He said that as global leader in the sector, the organisation was happy to see high-tech facilities and operations, especially in Africa.

“It is with this passion that we decided to donate this lab to DBI fully equipped with Optical Fibre Nodes, Wireless Radio Access Nodes and Next-Generation Code Switching Network. 

*Uboshe Uboshe with additional report from agency reports.

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Strategic partnerships, investments key to Africa’s economic transformation says AfDB president - ITREALMS

ITREALMS:

The President of the African Development Bank, Akinwumi Adesina, has taken the case for expanded partnerships and investments in Africa to the Netherlands, reports ITREALMS.

Adesina, who is on a three-day visit this week, met with government officials and private and public sector business leaders and affirmed the accord between the Bank and the Dutch government’s development agendas and foreign policy.

At a meeting with Sigrid A.M. Kaag, Minister for Foreign Trade and Development Cooperation, in the Hague, on 29 August, Adesina spoke about investing in Africa and commended the Netherlands for its support, which has extended to legal systems, water, food and nutrition, and gender. He also congratulated the government for its Development Policy, which emphasizes global fragility, gender and climate.

“Africa is growing economically. Foreign direct investment is on the increase. This is due to political stability and improved governance. Africa is open and ready to do business,” Adesina said.

Kaag said the adoption of renewable energy by a growing number of African countries was a key element to reducing fragility of countries and to fighting climate change and said this aligned closely with her government’s policy.

“I am happy to see where we can work together on gender, fragility, and conflict prevention in countries in Africa”, the Minister said.

Making a similar point, Peter van Mierlo, Chief Executive Officer of the Netherlands Development Finance Company (FMO),   called for greater harmonization between the work of FMO and the Bank in the area of energy, agriculture and institutional investment. President Adesina met with him and other officials, the same day.

“A benefit for Africa is that it can skip development cycles that often developed countries had to go through”, Mierlo said. 

Commercial banks are withdrawing from trade finance and as such FMO and African Development Bank would be able to work jointly in boosting trade financing, Mierlo said. Currently, joint projects between FMO and the Bank are estimated at US$ 55 million.

Addressing a High-level Roundtable with Dutch Business Leaders, hosted at Netherlands Enterprise Agency (RVO), on 29 August, Adesina presented the Africa Investment Forum (AIF), the Bank’s innovative marketplace scheduled for 7-9 November in Johannesburg, South Africa. The AIF will bring together project sponsors, lenders, fund managers and investors, to attract investment and capital for development, projects in Africa.

 “Our role is to mobilise capital for Africa. We have done this through the High 5 Agenda. In the energy sector, the African Development Bank is investing US$12 billion over the next 5 years, with the goal of leveraging US$40-50 billion. The Bank will also be investing US$ 24 billion, over ten years, in agriculture to implement its Feed Africa Strategy,” Adesina said,

Susan Shannon, Vice President for Government Relations, Policy & International Organisations for Shell, who was present at the meeting, said the move towards cleaner and renewable energy in African countries had resulted in a higher level of engagement by the oil giant on the continent.

“Shell can work with the African Development Bank to expand access to energy in Africa”, Shannon said.

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Strategic alliance: AfDB, FAO target $100m agro investments - ITREALMS

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The African Development Bank (AfDB) and Food and Agriculture Organisation (FAO) have entered into a strategic alliance aimed at catalysing agriculture sector investments in Africa to end hunger and malnutrition and increase prosperity throughout the continent, reports ITREALMS.

In terms of the agreement, ITREALMS gathered included that AfDB and FAO are committed to raise up to $100 million over five years, to support joint partnership activities.

The new alliance precisely seeks to enhance the quality and impact of investment in food security, nutrition, social protection, agriculture, forestry, fisheries and rural development.

AfDB President Akinwumi Adesina and FAO Director-General José Graziano da Silva signed the agreement, which builds on a longstanding collaboration between their organizations, at the UN agency's Rome headquarters.

"FAO and the AfDB are deepening and broadening our partnership to assist African countries achieve the sustainable development goals. Leveraging investments in agriculture, including from the private sector, is key to lift millions of people from hunger and poverty in Africa and to ensure that enough food is produced and that enough rural jobs are created for the continent's growing population," said FAO Director-General José Graziano da Silva.

AfDB President Akinwumi Adesina said: "The signing of this supplementary agreement is a milestone moment in the relationship between the African Development Bank and FAO. It signals our joint commitment to accelerate the delivery of high quality programs and increased investment for public-private-partnerships in Africa's agriculture sector. This will help us achieve the vision of making agriculture a business, as enshrined in the Bank's Feed Africa strategy."

The Bank's Feed Africa strategy, launched in 2015, targets to invest $24 billion into African agriculture over a ten-year period. The aim is that of improving agricultural policies, markets, infrastructure and institutions to ensure that agricultural value chains are well developed and that improved technologies are made available to reach several millions farmers.

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Pix: FAO Director General Josè Graziano da Silva and Akinwumi Adesina, President of the African Development Bank, signing the Supplementary Cooperation Agreement between the two Institutions. Courtesy: FAO/Giulio Napolitano.

Africa urgently requires investments in telecom infrastructure

ITREALMS:

Africa urgently require new investments into the telecom and broadband infrastructure  precisely on the continent, reports ITRealms.

This, some experts said would drive a fresh flurry of mergers, acquisitions, Initial Public Offerings (IPOs), investment and financing activity, as the region’s key players jostle for position to meet the soaring demand for data across the continent.

As said by the Editor, EMEA at TMT Finance, Joseph d’Arrast, the continent’s growth in the digital economy and the rising demand for data is helping to boost investor confidence in major broadband projects, of which there are many currently underway or in the pipeline. In response to this, many telcos, investors and specialised operators are looking to plough significant amounts of money into key projects, with a number of IPOs, new capex financing and M&A also in the pipeline.

He disclosed that to discuss the next wave of opportunities, chief executives and leading heads of finance and strategy from Africa’s key broadband infrastructure companies, private equity investors and telecom operators are meeting on a dedicated panel at TMT Finance Africa in Cape Town 2018 on March 15.

The TMT Broadband Infrastructure panel, he also said, would focus on strategies for regional growth, including Nic Rudnick, CEO, Liquid Telecom; Brandon Doyle, CEO, Convergence Partners; Byron Clatterbuck, CEO, SEACOM; Brian Jakins, Managing Director of Africa, Intelsat; and Thomas Hintze, CEO, Wananchi Telecom; and will be chaired by Keith Webb, Investment Banking, Infrastructure Finance, Rand Merchant Bank.

Over 70 key speakers have been announced for the event, with CxOs and senior executives also confirmed from companies including Vodacom, Telkom BCX, MTN, Standard Bank, American Tower Corp, Millicom, Google, Econet Wireless, MainOne, Teraco, Alcatel Submarine Networks, DLA Piper, IFC World Bank, Rack Centre, Investec Asset Management, Citi and Credit Suisse.

Other key session themes include: Telecom Leadership Africa; Digital Africa; Mobile Tower Strategies; Mergers and Acquisitions; Private Equity Africa; Spectrum sharing; Regulation and Policy; Financing TMT; Investing in Mobile Data and Services; Mobile Payments and Banking, Fintech and M-Health; and Media and Convergence.

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