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Unlocking Nigeria’s Future: Harnessing the Transformative Power of the Digital Economy
Unlocking Nigeria’s Future: Harnessing the Transformative Power of the Digital Economy
By Oluwole Asalu
Across the world, the shift towards digital economies is redefining national trajectories. For Nigeria, this transition comes at a pivotal time, as the country grapples with declining oil revenues and a pressing need for economic diversification. As traditional revenue sources wane, Nigeria must reimagine its economic architecture. Fortunately, a powerful alternative is already within reach: its burgeoning digital economy. Fuelled by a tech-savvy, youthful population and increasingly recognised by global tech giants, this sector offers a compelling path toward inclusive economic growth, employment creation, and global relevance.
The digital economy is no longer just a buzzword; it is a catalyst for sustainable development and national transformation. With the right policies, infrastructure, and partnerships, Nigeria can harness its digital assets to diversify its economy, empower its people, and establish itself as a formidable player in the global tech landscape.
Opportunities for Nigeria’s Overall Development
Nigeria’s overreliance on oil is no longer tenable. As global markets shift towards renewable energy, the urgency to diversify has never been greater. Technology stands out as the most promising avenue, not merely as a sector, but as an enabler of growth across all facets of the economy. In this new reality, tech talent is Nigeria’s “new oil”, a renewable resource capable of generating exponential returns if strategically harnessed.
The potential for economic expansion through the digital economy is immense. Tech talent can unlock access to the lucrative outsourcing industry, much like India, which earns billions annually by exporting IT services. Young Nigerians are increasingly recognised for their technical competence and entrepreneurial spirit, a reputation that continues to attract global attention.
Foreign investment in Nigeria’s tech sector is rising. Programmes like Digital Explorers have led European firms such as Telesoftas to establish operations in Nigeria. Tech giants like Microsoft and Facebook have followed suit, injecting capital and creating jobs. These developments are more than economic milestones; they are markers of growing global confidence in Nigeria’s digital ecosystem.
Our demographic advantage is perhaps our most valuable asset. With over 60 percent of the population under the age of 25, Nigeria is positioned to become a key contributor to the global workforce by 2050. This youthful energy, if nurtured through skilling, infrastructure, and opportunity, can power the country’s digital economy for decades.
Nigeria’s tech ecosystem is already showing signs of maturity, with three unicorns emerging from its soil. These success stories, powered by local innovation, underscore the viability of a home-grown, world-class tech sector. Encouraging and scaling this momentum will require deeper investment and ecosystem-wide collaboration.
Beyond economics, Nigeria’s digital success stories are reshaping international perceptions. As more Nigerian tech professionals make their mark globally, they challenge outdated stereotypes and portray Nigeria as a source of talent and innovation.
Challenges and Considerations
Despite the promise, Nigeria’s digital economy faces significant hurdles. A persistent gap in foundational technical skills and quality must be bridged. While talent is abundant, industry feedback often points to the need for deeper knowledge of the software development cycle and project-based learning.
Infrastructure deficiencies continue to impede progress. Unreliable electricity and inconsistent internet access hinder productivity and limit the scalability of remote work. Without stable infrastructure, Nigeria cannot fully capitalise on its digital potential. Effective governance and collaboration between government, industry, and development partners are vital. Without trust and cooperation, the full potential of the digital economy will remain unrealised.
Work culture differences present another challenge. Navigating varied expectations around communication, collaboration, and timelines requires adaptability. Nigerian professionals must be equipped to thrive in diverse global teams. Migration and visa complications also limit access to international opportunities. Streamlining migration pathways for skilled professionals would unlock further growth.
Negative perceptions about Nigeria remain a barrier. While scepticism persists in international hiring circles, often due to misrepresentations in the media, promoting success stories and positive narratives is essential to counter these stereotypes.
More importantly, brain drain must be addressed thoughtfully. While global opportunities are beneficial, strategies must be in place to ensure local talent development continues and that knowledge gained abroad contributes to national progress.
Strategies for Leveraging the Opportunities
A critical first step in realising Nigeria’s digital potential is reforming the education system to prioritise digital skills. This involves integrating industry-aligned curricula that respond directly to current and future labour market demands. Practical learning approaches, including project-based assignments, case studies, and internships with tech companies, must be embedded at all levels of education. In addition, scalable mentorship programmes and access to digital labs and innovation centres can bridge the gap between theoretical knowledge and practical application, ensuring graduates are equipped with job-ready skills.
Equally vital is the development of infrastructure capable of supporting a modern digital economy. Broadband connectivity must be dramatically expanded, particularly to rural and underserved communities. The cost of data must be brought down through regulatory incentives and competition, and investments in power infrastructure are essential to ensure that internet access is not hampered by unreliable electricity. These measures will empower Nigerians to fully participate in the digital economy, irrespective of their geographic location.
Shaping a compelling national narrative around Nigeria’s digital achievements is also imperative. Too often, negative headlines overshadow the innovation and resilience driving Nigeria’s tech ecosystem. By highlighting success stories of homegrown startups, global contributions of Nigerian developers, and the socio-economic impact of digital solutions, the country can reshape global perceptions and attract interest from investors and collaborators.
On the home front, existing policy frameworks such as the Nigeria Startup Act provide a solid foundation to cultivate a thriving tech ecosystem. Government support must go beyond legislation to include funding access, tax incentives, and simplified regulatory procedures for start-ups. Local innovators must be empowered not only to launch their ideas but to scale them into globally competitive enterprises.
Finally, Nigeria must tap into its vibrant diaspora community. Many Nigerian professionals abroad possess world-class experience and skills. Creating structured initiatives that enable them to contribute to the domestic tech ecosystem through mentorship, investment, and temporary return programmes can fast-track development. These engagements will also enhance Nigeria’s international networks and position in global innovation spaces.
Nigeria’s digital economy is not a mere alternative to oil; it is the cornerstone of a sustainable, inclusive, and prosperous future. The opportunity before us is immense, but it is not guaranteed. Realising this vision will demand bold leadership, strategic collaboration, and a relentless focus on building capacity and infrastructure.
For citizens, the digital economy represents a gateway to higher income, global exposure, and entrepreneurial fulfilment. For the nation, it offers a chance to diversify, attract investment, and redefine its place in the global community.
The time to act is now. By fully embracing the digital future, Nigeria can unlock prosperity not just for a few but for millions. It is time to turn potential into progress and ambition into impact.
Oluwole Asalu is the Founder and CEO of Quomodo Systems Africa, a thought leader dedicated to advancing Nigeria’s ICT ecosystem and fostering innovation across the continent.
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African Report
Access Bank, Fifth Chukker and UNICEF Renew Commitment to Expanding Educational Opportunities for Nigeria’s Most Vulnerable Children
Access Bank, Fifth Chukker and UNICEF Renew Commitment to Expanding Educational Opportunities for Nigeria’s Most Vulnerable Children
London, United Kingdom – July 6, 2026: The transformative power of collective action in expanding access to education took centre stage in London as Access Bank UK, Fifth Chukker, UNICEF and the Kaduna State Government reaffirmed their shared commitment to creating brighter futures for Nigeria’s most vulnerable children.
Hosted by Access Bank UK, Access UK Polo Day celebrated more than 15 years of impact driven by a shared vision to expand educational opportunities for underserved children. What began as a modest initiative has evolved into one of Africa’s most impactful education programmes, with the Access Bank Fifth Chukker School in Kaduna State and its associated interventions positively impacting more than 14,000 children across underserved communities in Northern Nigeria.
At the heart of this transformation is the Access Bank Fifth Chukker School, where investments in educational infrastructure, learning resources and student support have created lasting opportunities for thousands of children. Between 2018 and 2026 alone, the school recorded 2,538 graduates, with female pupils accounting for more than 54 per cent of the total, underscoring the programme’s contribution to advancing girls’ education and promoting inclusive access to learning.
More than 1,000 pupils benefit from the school’s internationally recognised foundational learning programme each year, contributing to improved literacy and numeracy outcomes and a reported 15 per cent increase in learning performance. Students continue to secure admission into leading secondary schools, while teachers receive ongoing professional development and digital learning support. Enhanced infrastructural facilities and expanded learning resources have further strengthened the overall learning environment, helping to sustain the programme’s long-term impact.
This year’s event reinforced a compelling message: Every pledge should lead to a classroom, every classroom should empower a child, and every child should have the opportunity to shape a brighter future.
Speaking at the event, the Managing Director and Chief Executive Officer of Access Bank Plc, Roosevelt Ogbonna, reflected on the remarkable growth of the initiative and the unwavering commitment of its supporters.
“What began as a dream to transform the lives of 100 children has grown into a movement that has positively impacted more than 14,000 young people. We want to return next year talking about 28,000 children. Education remains the greatest leveller, giving every child a genuine opportunity to realise their potential and contribute meaningfully to society.”
Ogbonna expressed appreciation to donors and partners whose support has sustained the initiative, noting that investment in education creates lasting intergenerational impact.
Kaduna State Governor Uba Sani described education as one of the most valuable investments any society can make. He praised the longstanding alliance between Access Bank, Fifth Chukker and UNICEF, noting that it has restored hope and opportunity to thousands of children from underserved communities.
Highlighting Kaduna State’s ongoing education reforms, the Governor revealed that approximately 300,000 out-of-school children had been returned to classrooms over the past year through partnerships with organisations including UNICEF and other development partners. He also announced plans to construct an additional 120 classrooms at the Fifth Chukker Access Bank UNICEF School, enabling even more children to access quality education.
“What we are doing here is about humanity. By giving children access to quality education, we are empowering them to dream, to lead and to build a better future for themselves and their communities.”
Governor Sani also paid tribute to the late Herbert Wigwe, acknowledging his vision, leadership and enduring commitment to improving educational outcomes for underserved populations.
For Aigboje Aig-Imoukhuede, Chairman of Access Holdings, the true success of the initiative is reflected in the lives being transformed.
“The most meaningful measure of success is not the number of buildings we construct, but the opportunities we create. Every child who receives an education, every young person who discovers their potential, and every community strengthened through learning represents the lasting impact of this partnership. Together, we are proving that when purpose meets collaboration, we can create opportunities that change lives for generations.”
Welcoming guests, Jamie Simmonds, Chief Executive Officer of The Access Bank UK, described the gathering as polo with purpose, a celebration not only of sport but of a shared mission to create opportunity through education. He highlighted the institution’s commitment to supporting initiatives that deliver sustainable social impact and broaden access to learning for underserved children.
The event concluded with a renewed commitment from all stakeholders to deepen investment in education as a catalyst for national development and social progress. The Access Bank Fifth Chukker School continues to demonstrate the impact of sustained collaboration among the private sector, government and development partners, delivering measurable outcomes for vulnerable children in Northern Nigeria.
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Business
HumanManager Equips UNILAG Students with Practical Digital HR Skills Through NextGen HR Initiative
HumanManager Equips UNILAG Students with Practical Digital HR Skills Through NextGen HR Initiative
HumanManager, a leading HR and payroll technology company, has reaffirmed its commitment to developing Nigeria’s future workforce through the 2026 edition of its NextGen HR Initiative, a capacity development programme designed to equip future HR professionals with practical digital skills. Held on Wednesday, 17 June 2026, at the Faculty of Management Sciences, University of Lagos (UNILAG), the event exposed participants to hands-on training using HumanManager’s HR software, bridging the gap between classroom learning and workplace practice.
Now in its third consecutive year at the University of Lagos, the initiative was delivered under the theme, “HR in a Digital-First World: From HR Theory to Digital Practice.” Through practical simulations and live demonstrations, participants explored digital HR workflows, automation, employee data management, leave administration, attendance management, reporting, compliance and other technology-driven processes that are transforming how organisations manage their workforce.
Speaking during the programme, Jerry Adeyeri, Lead, Brands & Marketing at HumanManager Limited, said the initiative demonstrates the company’s commitment to building a future-ready workforce while giving back to society through meaningful corporate social responsibility.
“The world of work is changing rapidly, and today’s HR professionals need more than theoretical knowledge. They must understand the digital systems that power modern organisations. Through the HumanManager NextGen HR Initiative, we are bridging the gap between what students learn in the classroom and what they will encounter in the workplace by giving them practical exposure to HR technology. Ultimately, this is our way of investing in society, strengthening Nigeria’s talent pipeline and helping young professionals graduate with the skills employers increasingly expect,” He noted.
Throughout the interactive workshop, students explored how technology is transforming modern human resource management through live demonstrations of HumanManager’s HR platform. Commending the initiative, Dr Mariam Gbagumo-Sheriff, Senior Lecturer, Department of Employment Relations and Human Resource Management, University of Lagos, described HumanManager as a dependable industry partner whose sustained commitment has significantly enriched students’ learning experience.
“HumanManager has supported this practical training for several years, and it has been invaluable. Teaching Human Resource Information Systems without access to a live platform would be extremely difficult because students need practical experience, not just theory. What stands out is the consistency of the partnership. This year, HumanManager reached out to us before we even made contact, demonstrating a genuine commitment to preparing our students for the realities of the workplace. Our students consistently provide positive feedback after every session, and experiences like these make their transition into the workplace much easier,” She acknowledged.
Sharing his experience, Ayeni Damilare, a 300-Level student and Class Governor, said the programme transformed his understanding of modern HR practice, noting that: “The session completely changed my perception of HR. We experienced practical functions such as leave management, reporting and auditing on a live platform, showing us how technology simplifies HR operations. It gave us a clearer understanding of how HR works in the real world and the skills we will need, whether we build our own businesses or work within established organisations.”
Temitope Obidike, Products Lead at HumanManager, also shared insights into how artificial intelligence is reshaping HR technology. She noted that the company is “actively exploring AI capabilities across recruitment, employee database management and payroll processing through strategic partnerships and in-house innovation, ensuring it continues to evolve in line with global AI trends while delivering greater value to organisations and HR professionals.”
As organisations increasingly embrace automation, artificial intelligence and digital workforce management, initiatives such as this are helping ensure that tomorrow’s HR professionals graduate with both theoretical knowledge and practical workplace competence. Through sustained collaboration with academic institutions, HumanManager continues to contribute to a future-ready workforce while advancing the adoption of modern HR technology across Africa.
About HumanManager
HumanManager is a leading HR and payroll technology platform powering workforce operations across Africa. With over 30 years of experience, the platform helps organisations streamline employee data, manage payroll and compliance, and build operational confidence as they grow. HumanManager supports businesses of all sizes across multiple African countries, enabling efficient, compliant and people-centred workplaces.
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Access Bank UK Polo Day Drives Global Support for Education of Vulnerable Children
London, United Kingdom – June 30, 2026: For many children, the biggest barrier to success is not talent; it is access. Across parts of Nigeria and other underserved communities, the absence of basic educational resources continues to limit what is possible for thousands of young people. Access Bank UK Polo Day has, over the years, positioned itself as a platform designed to address that gap.
Scheduled for July 4, 2026, in Windsor, the event will convene a global audience of business leaders, philanthropists, royalty, and high-net-worth individuals. While it remains one of the most anticipated fixtures on the social calendar, its focus is clear: to mobilise resources and partnerships that support education for vulnerable children.
What sets the Polo Day apart is how it converts visibility into impact. The event brings together a network of influence and directs it towards practical outcomes, funding classrooms, supporting learning programmes, and enabling children to stay in school. Through its collaboration with UNICEF and local partners, funds generated have supported education initiatives that target some of the most pressing challenges, including access to facilities, materials, and consistent schooling. These interventions have helped thousands of children continue their education despite economic and social barriers.
The objective for 2026 is to extend this reach, raising more support and improving the scale and quality of interventions. At its core, the initiative is driven by a simple idea: that education should be accessible, regardless of circumstance.
This year’s event will also host His Royal Highness, Alhaji Abdulmumini Kabir Usman, as Special Guest of Honour. He will present the Emir’s Cup, adding a layer of heritage and continuity to the occasion.
A respected figure in both sport and community leadership, the Emir represents a long-standing polo tradition in Nigeria and a broader commitment to social development. His participation reflects the event’s broader purpose: connecting influence, legacy, and impact.
Jamie Simmonds, Managing Director of The Access Bank UK, highlighted the importance of the initiative: “This event is about using our platform to create access
where it is most needed. By bringing together the right partners and supporters, we are able to deliver outcomes that can make a real difference in the lives of many children.”
Over time, the Polo Day has evolved into more than an annual event. It has become a consistent channel for mobilising support and delivering measurable social impact, demonstrating how corporate platforms can be used to address real challenges.
As preparations continue, the significance of the 2026 edition lies in what it enables. At the end of it all, the real outcome is simple: more children in school, more opportunities created, and better futures made possible.
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