DBI Insight: Policy and regulation shaping market direction - ITREALMS

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Evolving regulatory frameworks are playing a defining role in shaping Nigeria’s digital ecosystem.

According to DBI analysis, policy clarity, enforcement, and coordination will significantly influence investment flows and long-term sector growth.

— DBI Intelligence Report (Q1 2026)

Power woes threaten Nigeria’s telecoms future, why policy must step in by Remmy Nweke - Telecoms Clinic@ITREALMS

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Nigeria’s telecom sector is running on fumes, literally. In this Telecoms Clinic@ITREALMS feature, REMMY NWEKE, warns that chronic power shortages and dependence on generators threaten broadband goals, competitiveness, and digital transformation unless energy and telecom policies align urgently for sustainability.

The Nigeria’s chronic electricity shortages have moved beyond households and factories to become a direct bottleneck for the nation’s telecommunications sector with operators now being forced to run thousands of generators daily to keep base stations and data centres functional.

RMRDC Targets 30% value addition policy on export of local raw materials - ITREALMS

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The Raw Materials Research and Development Council (RMRDC) has unveiled a new policy framework aimed at achieving a minimum of 30% value addition on all exports of local raw materials. 

The initiative is designed to boost the competitiveness of Nigeria’s Small and Medium Enterprises (SMEs) and enhance the nation’s industrial base.

Praia conference adopts policy framework and action plan on Information Integrity - ITREALMS

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The three-day regional conference on Information Integrity in West Africa and the Sahel, which ended recently in Praia, Cabo Verde, adopted the new instruments designed to strengthen information ecosystems across the region known as the Policy Framework and Action Plan, reports ITREALMS Online.

Organized by the UNESCO Regional Office in Dakar in partnership with the Government of Cabo Verde, the conference, held from 3 to 5 September 2025, brought together more than 400 stakeholders to deliberate on practical ways of addressing the rising threats of disinformation, misinformation, hate speech, and misuse of digital technologies. 

Nigeria Blue Economy Policy: 1.5trn plus GDP opportunity by Soji Adeleye - ITREALMS

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Advocacy for the green economy was seen as discriminatory and condescending - the rich countries telling the poor South how to manage their affairs for the benefit of human kind. 

It was considered a call for sacrifice by the poor countries to mitigate projected risk to the global climate, while the present state of the earth climate was to a considerable extent the consequence of uninhibited industrialization by the wealthy countries.

Cyber Security Levy controversy: CBN clarifies on monetary policy guidelines'24-25 - ITREALMS

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The Central Bank of Nigeria (CBN) has made some clarifications on the monetary, credit, foreign trade and exchange policy guidelines for the fiscal years 2024 and 2025, with regards to the Policy circular No. 45, which dwelt on Cyber Security Levy, reports ITREALMS.

This is coming as CBN has temporarily withdrawn the said circular No. 45 to minimise further risk of misinterpretation.

Monetary Policy Committee explains rate hike to 26.25% - ITREALMS

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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the Monetary Policy Rate (MPR) to 26.25 per cent, reports ITREALMS.

The Committee arising from its 295th meeting on the 20th and 21st of May 2024 to review recent economic and financial developments and assess risks to the outlook decided that to raise the MPR by 150 basis points to 26.25 per cent from 24.75 per cent; retain the asymmetric corridor around the MPR to +100/-300 basis points; retain the Cash Reserve Ratio of Deposit Money Banks at 45.00 per cent; and retain the Liquidity Ratio at 30.00 per cent.

ICTLOCA: Championing Local Content and Supporting CBN's Forex Policy - ITREALMS

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The Association for Information and Communication Technology on Local Content (ICTLOCA) has emerged as a prominent voice in Nigeria's digital landscape, advocating for the promotion and development of indigenous ICT solutions and supporting the Central Bank of Nigeria's (CBN) recent forex policies. This article delves into ICTLOCA's mission, its initiatives in line with the CBN's forex policy, and its potential impact on the Nigerian economy.

Understanding ICTLOCA's Mission:

Out-of-School-Children: Don tasks FG to implement education policy - ITREALMS

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The Vice Chancellor, Federal University of Transportation, Daura (FUTD), Prof. Umar Adam Katsayal has tasked the Federal Government (FG) to implement education policy so as curb the number out-of-school children in the country, reports ITREALMS.

He made this call while delivering a keynote address at the fundraising organised by AI-foundation, a UK and Nigeria registered charity organisations with the theme "Panacea to a Menace" held in Lagos recently.

MPC retains liquidity at 30% - ITREALMS

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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Liquidity Ratio at 30 per cent., reports ITREALMS.

MPC in its February monthly meeting took this decision alongside three other items.

Host communities, part of NCDMB’s CSR policy - ITREALMS

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The Nigerian Content Development and Monitoring Board (NCDMB) has revealed that its Corporate Social Responsibility (CSR) policy ensures good relationship with communities as part of its original masterplan, reports ITREALMS.

This was revealed by the General Manager, Corporate Communications at NCDMB, Dr Ginah O. Ginah, during a media tour of the Nigerian Oil and Gas Park Scheme (NOGaPS), at Emeyah 1 Community in Ogbia Local Government Area of Bayelsa State at the weekend.

Revised Naira redesign policy: CBN says you’re entitled to N20,000 per day - ITREALMS

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The latest policy of the Central Bank of Nigeria (CBN) on the redesigned Naira notes has indicated that Nigerians are only entitled to N20,000 per day cash and N100,000 per week, reports ITREALMS.

CBN, in a circular BSD/DIR/PUB/LAB/015/069 sighted by ITREALMS addressed to “All Deposit Money Banks (DMBS) and Other Financial Institutions (OFIs) namely the Payment Service Banks (PSBs), Primary Mortgage Banks (PMBs) and Microfinance Banks (MFBs)” directed that this new policy takes effect from January 9, 2023.

FG sets December deadline to unveil National Dig Once Policy - ITREALMS

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·Says Policy to Accelerate Broadband Infrastructure Roll-Out

Professor Isa Pantami, Nigeria’s Minister of Communications and Digital Economy, has disclosed that Nigeria is giving the final touches to its proposed National Dig Once Policy, hinting that there is a plan to unveil the policy before the end of 2022.

Pantami made the disclosure in Lagos at the just concluded fourth edition of Policy Implementation Assisted Forum (PIAFo) on Dig Once Policy and Fibre Strategy in Nigeria with the theme: Laying the Foundation for Ubiquitous Broadband for Nigeria’s Economic Breakthrough.

Our pledge on cable Equiano is enabling policy environment - ITREALMS

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The Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim (Pantami), and the Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, have promised to continue to drive policy initiatives that promote investment in infrastructure in the Nigerian telecom industry in order to deepen connectivity to enhance the nation's growth and development.

The duo stated this on the sideline of the reception marking the landing of the Equiano undersea Cable System in Nigeria at the Open Access Data Centre at Lekki in Lagos.

NIN-SIM policy: FG bars outgoing calls on unlinked lines - ITREALMS

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The Federal Government (FG) has directed telecommunications operators in the country to bar outgoing calls on unlinked lines from April 4, 2022, reports ITREALMS.

According to the Minister of Communications and Digital Economy, Isa Ali Ibrahim Pantami, the President, General Muhammadu Buhari, retired, has approved the implementation of the policy with effect from Monday, 4th of April, 2022.

Establishing Rules and Laws for Effective Implementation of Local Content Promotion Policy in Telecoms Sector - ITREALMS

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ESTABLISHING RULES AND LAWS FOR THE EFFECTIVE IMPLEMENTATION OF LOCAL CONTENT PROMOTION POLICY IN THE NATIONAL TELECOMS SECTOR. AN ADDRESS BY PROF. UMAR GARBA DANBATTA, THE EXECUTIVE VICE CHAIRMAN/CHIEF EXECUTIVE OFFICER, NIGERIAN COMMUNICATIONS COMMISSION (NCC) FRIDAY, AUGUST 13, 2021 VIRTUALLY.

Prof. Umar Danbatta of EVC.

Protocol

The Nigerian Communications Commission is pleased to collaborate with Messrs. Business Metrics and their partners to deliver this great maiden initiative of its Policy Implementation Assisted Forum on the National Policy for Promotion of Indigenous Content in the Nigerian Telecommunications Sector (aka PIAFo-001).

Preserving Wesleyan heritage and implications of same-sex marriage policy - ITREALMS

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1.00   BACKGROUND

The Conference of the British Methodist Church announced Wednesday 30th June 2021 that same-sex couples will be allowed to get married on its premises. This followed debates on the topic at the Methodist Conference where the proposals to allow same-sex marriages were passed with 254 votes in favour and 46 against.

This follows in the footsteps of the Church of England which in Britain allows Same Sex Marriage in accordance with their statutory environment. It is instructive to note that for some Provinces of the Church of England this is not the case, as exemplified by the Church of Nigeria (Anglican Communion) which stoutly rejected Same Sex Marriages and has rejected communion with mother church on these grounds exemplified in their non attendance of Lambeth Conferences to date.

Oyewole: Lack of information governance, bane of national digital economy policy - ITREALMS

ITREALMS: 

Lack of effective data and information governance has been identified as potential bane of any national digital economy policy implementation in the country, reports ITREALMS.

The President and Chairman, Governing Council, Institute of Information Management (IIM), Amb. (Dr) Oyedokun Ayodeji Oyewole, made this observation in Lagos at the weekend, during the media presentation of the National Information Management Stakeholders’ Forum (NIMSF).

He decried that both government and a good number of organizations were yet to regard data and information as essential corporate assets, with a clear understanding of the difference between Information Technology (IT) and Information Management (IM).

Oyewole, who also is the founder, Records and Information Management Awareness (RIMA) Foundation, noted that the need for information management professionals in the country to be charged with managing the information life-cycle to evolve and assume their rightful position, as Information Management is gross misconceived in Nigeria cannot be over emphasized.

Stressing that for an effective National Digital Economy Policy implementation, there is a need for the industry to effectively and consistently engage the Ministry of Information and Culture, “as effective data and information governance will go a long way in ensuring the success of the initiative.”

ITREALMS recalls that stakeholders in Nigeria may be gearing up for a revolution in the Information Management (IM) industry with their strong demand for the creation of National Information Management Development Agency (NIMDA), reports ITREALMS.

NIMSF also called for the breakout of Information and Archives departments from the current Ministry of Information and Culture by creating NIMDA to enable transformation and repositioning, especially on data and information governance in the country.

In addition, NIMDA, he said, for instance, will be setting the standards and ensuring that qualified and certified personnel are assigned to the management of government data and information.

Also, he said, developing and promoting best practices in government business processes and providing adequate training and monitoring for data and information management personnel in government, will be part of the proposed agency mandate.

NIMDA, he noted that when set up will ensure all government’s Ministries, Departments and Agencies (MDAs) comply with standards, processes, procedures, and specifications as it applies to data, information, records, content, and archives use, classification, storage, collaboration, retention, and disposition.

Further, NIMDA, he told ITREALMS, will work with other relevant government agencies in ensuring appropriate information management and technology tools are deployed at all government MDAs for effective information security and governance and so on.

He insisted that for an effective National Digital Economy Policy implementation, there is a need for the industry to effectively and consistently engage the Ministry of Information and Culture, stressing that “effective data and information governance will go a long way in ensuring the success of the initiative.”

NIMDA, he said, will be tasked with managing the “Information Lifecycle of data, information, documents, contents and archives generated by all government agencies, ensuring enabling standards, specifications, processes, laws, and policies are in place for a good data and information governance regime in the country.”

NIMSF, he told ITREALMS was developed by the RIMA Foundation to advance sustainable development at all levels in the information management industry.

“Our activity aims to enhance open, accountable and participatory decision-making and governance on sustainable development through enhancing the involvement of all industry stakeholders. We focus particularly on the effective engagement of stakeholders on information management related policy processes,” he said.

Remmy Nweke/DoP

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Pix: L-r: Protocol Officer, Kitiya James; Member, Governing Council and Director of Training, Dr. Kolawole Oseni; President/Chairman, Governing Council, Dr. Oyedokun Ayodeji Oyewole and Head of HR, Merit Endurance, all members of Institute of Information Management (IIM-Africa) during the press conference by National Information Management Stakeholders’ forum held at IIM-Africa’s secretariat on Friday in Lagos State, Nigeria.

Geospatial data: African Policy makers must pay attention to core values says Olufuye – ITREALMS

ITREALMS:

The chief executive officer of Kontemporary Konsulting and founder, Africa ICT Alliance (AfICTA), Dr Jimson Olufuye, has called on African policy makers to pay attention to core values to engender critical development for the continent, reports ITREALMS.

Speaking at the just concluded Africa Geospartial Data and Internet Conference in Accra, Ghana on Internet Governance for all round Development (IG4D), Olufuye said that shaping the Africa’s digital future requires that policy makers should pay serious attention to some core values such that geospatial among other developmental data to pave ways for open and transparency society.

This, he also said would obviously make access for innovation and creativity to thrive for the continuous growth and development of African economies.

“And for more jobs to be created for our large youth population,” he said.

By paying attention to policy making, Olufuye, who is one of the five global business representatives to the United Nations Commission for Science and Technology for Development Working Group on Enhanced Cooperation (WGEC 1.0 & 2.0) pointed out that it will propel the realization of the Sustainable Development Goals on the continent of Africa and bridge the digital divide.

On what is the nexus of geospatial data, the Internet Governance and the SDGs, Olufuye emphasized that geospatial data has everything to do with cadastral information of a country.

“It is a major national resource data which has the potential if well managed to be the fulcrum of prosperity of any nation,” he said.

Olufuye, who equally is the immediate past chair AfICTA, said that with available Internet tools, this resource could be better managed in an open, transparent and accountable manner for the benefit of the people.

“So, the nexus of geospatial data and Internet Governance is the values that drive them to enable benefits for all,” he said, stressing that these values include openness, transparency, inclusivity, collaboration, effectiveness, sustainability, responsiveness, peace, trust to name a few.

With the holistic use of geospatial data engendered by Internet Governance principles, he said, it would be possible that citizens could derive better values for their land thereby boosting their purchasing power with the attendant eradication of poverty, hunger, ill-health, illiteracy, gender inequality, and clean water and sanitation would be available.

“Goal 15: Life on Land and goal 17: Stronger stakeholder Partnership are benefits that would also result in proactive geospatial data governance,” he submitted.

Chuks Egbuna/Editor

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Osinbajo says free education policy in Oyo commendable - ITREALMS

ITREALMS: 

The Nigeria’s Vice-President, Professor Yemi Osinbajo, has commended the Governor of Oyo State, Engineer Seyi Makinde, on his fee education policy in the State, reports ITREALMS.

This came as Governor Makinde maintained that free qualitative education has come to stay in the State, adding that education remained the best form of poverty alleviation and empowerment that can be given to the youths.

A press statement by the Chief Press Secretary to Governor Makinde, Mr. Taiwo Adisa, Saturday, indicated that both Osinbajo and Makinde were guests of the Presiding Bishop of the Victory International Church, Bishop Taiwo Victor Adelakun, at the 30th Anniversary of the Church/ Divine Proclamation Service for Dominion University, held at the Rehoboth Cathedral, Ibadan.

Osinbajo maintained that he was happy that Governor Makinde has taken up the challenge of providing free qualitative education in Oyo State.

According to Osinbajo, though President Muhammadu Buhari, on June 20, 2019, declared that education would be free across the country for the first nine years covering primary to junior secondary school, the Federal Government could not force the States to key into that declaration.

He promised that the Federal Government would work with the states to deliver free qualitative education, saying: “We will support them in whatever way we can to ensure that they achieve the objectives of free and compulsory education.”

In his address at the occasion, Governor Makinde maintained that his administration would make the necessary investments on education without caring about who will take the credit down the line.

He added that that his administration would lay the right foundations for the free education policy to thrive.

Governor Makinde congratulated Bishop Adelakun, asserting that the proclamation of the Dominion University would be the beginning of the journey that would produce the kind of leaders that Nigerians want.

He added that the Oyo State Government would support Dominion University.

The Governor said: "Truly, we understand the fact that four years is not enough for us to really get to where we are going but four years is enough to lay the solid foundation upon which successive administrations will build upon.

"Of course, some of our leaders will tell you that at their own time in school during the time of Papa Obafemi Awolowo, they got free education. Papa has been long gone but we still see the impact today and that is what education, as one of the pillars that this administration is resting on, is all about in Oyo State.

"We will make all the necessary investments and won't care who takes the credit.”

He further said: "I do sincerely congratulate the Church and I believe that this proclamation is the beginning of a journey that will produce the kind of leaders that we want for our state and for our country.

"I want to pledge the support of the government of Oyo State to the Dominion University. It is actually common with politicians to organise poverty alleviation programme but I believe that when you give an individual knowledge, the individual will eventually take him or herself out of poverty.

"So, I thank you our dear father in the Lord for this vision. We will key into it and give it necessary support.

"Also, I appreciate the Number two citizen of the Federal Republic of Nigeria for being part of today's event. You have been there like I saw in the video clip and this shows your commitment to take majority of our youths out of poverty.”

Ayo Midele/Editor

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Pix: From left, Vice President, Prof Yemi Osinbajo; Presiding Bishop, Victory International Church, Rehoboth Cathedral, Bishop Taiwo Adelakun and Oyo State Governor, Engr Seyi Makinde during 30th year anniversary of the church and Divine Proclamation service for Dominion University held Rehoboth Cathedral, Ibadan. PHOTO: Oyo State Government.