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Joined October 2022
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Tayo Oviosu: The Man Using Technology to Make Payments Easier in Nigeria PICTURE: Tayo Oviosu, founder of Paga. Biography Tayo Oviosu is a Nigerian entrepreneur and the founder of Paga, a digital payments company that helps people
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transactions. It also built a network of agents to help people access financial services in their communities. Website [Paga](paga.com) Takeaway You don't have to travel far to find a problem worth solving. Sometimes, the problems
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around you are the best place to start.
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5.🛢️ NAPE Promotes AI in Oil Exploration: Energy leaders at NAPE showcased AI-powered seismic analysis and automated field monitoring to improve oil recovery, optimize operations and reduce well downtime.
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4. 🤖 Heirs Energies Invests $1.1B in Automation Heirs Energies is deploying AI, automated sensors, real-time analytics, and edge computing across its onshore oil wells to reduce operational downtime.
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3. 🚀 Google & ONDI Back Startup Investor Drive Google for Startups, UK-Nigeria Tech Hub, and ONDI have partnered with Magna Collective to connect Nigerian engineering startups with investor networks.
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2. 💳 Onafriq Exits Nigerian Agent Banking Onafriq has shut down its Nigerian agent banking business after five years, citing rising costs and liquidity challenges in the cash-in/cash-out market.
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1. 1. ☁️ Nigeria Loses ₦1.13T Annually to Foreign Cloud Reliance Luminate’s CEO warned that Nigeria loses ₦1.13 trillion yearly due to dependence on foreign cloud services. He called for stronger local data infrastructure and data sovereignty enforcement.
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5. Her Startup Cohort Opens for WomenLed Tech Ventures What’s Happening: “Her Startup” has opened applications for its second accelerator cohort across Africa. The programme targets women-led tech businesses, offering incubation, technical mentorship,investment-readiness support.
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4. Free Educational Data Pipeline for Tertiary Students Underway What’s Happening: Nigeria’s Education Ministry announced plans to collaborate with major telecom operators to roll out zero-rated educational data access for students across tertiary institutions.
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3. 3. NITDA & Tech Revolution Africa Target ₦3 Billion Startup Pitch Pipeline What’s Happening: NITDA and Tech Revolution Africa launched a funding initiative at the 2026 DNICE Builders Festival to support early-stage Nigerian tech startups with up to ₦3 billion.
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2. FG Calls on Tech Founders to Build on New Digital Postcode System What’s Happening: The Federal Government is encouraging Nigerian developers to build apps, logistics tools, and location-based services using the new nationwide Digital Postcode System.
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1. The NCC “NCC-Checker” Phone Verification Crackdown What’s Happening: Millions of mobile users across Nigeria reportedly received SMS alerts from “NCC-Checker” warning that their phones are unverified and could be blocked from mobile networks after 30 cumulative active days.
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5. US & Nigeria Partner to Boost Young Innovators The US Embassy and commercial partners launched an initiative to connect young Nigerian entrepreneurs with international investors, global markets, and tech incubators.
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4. World Bank Highlights Nigeria’s AI Growth The World Bank highlights Nigeria’s growing AI adoption, as local developers and startups use open-source models to solve challenges in fintech, agriculture, and education.
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3. Nigeria Launches 90,000km Fibre Optic Project The Federal Government is rolling out over 90,000km of fibre-optic cables across all 36 states to improve internet speeds and expand broadband access nationwide.
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2. Flutterwave CEO Joins Global AI Advisory Board Olugbenga Agboola, Flutterwave’s CEO, has joined the Silicon Valley & The World Advisory Board’s Founders Council, alongside leaders from OpenAI, Nvidia, and AMD, to discuss AI infrastructure and governance.
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