Tag: MINISTRY OF COMMUNICATION AND DIGITAL ECONOMY

  • NCC approves 50% tariff hike for Telcos  

    NCC approves 50% tariff hike for Telcos  

    The Nigerian Communications Commission (NCC) has approved a limited increase in telecommunication tariffs for network operators. 

    The decision was made after engaging with stakeholders to address the rising costs of operations while maintaining consumer interests.  

    The adjustment, capped at a 50% maximum increase, is lower than the requests made by some operators. 

    The aim is to enable operators to manage operational expenses, invest in infrastructure, and improve service quality.  

    Telecom tariffs in Nigeria have remained unchanged since 2013, despite economic challenges such as inflation and the depreciation of the Naira. 

    This has strained operators like MTN Nigeria and Airtel, which have reported significant financial losses due to escalating costs and regulatory restrictions on tariff changes.  

    To protect consumers, the NCC has directed operators to implement the adjustments fairly and transparently.

     They are also required to inform the public about the new rates and ensure measurable improvements in service delivery.  

    The Commission assured Nigerians that it remains committed to creating a balanced environment where consumer protection, industry sustainability, and sector growth are prioritized.

  • FG announces N100M AI fund for Nigerian startups

    FG announces N100M AI fund for Nigerian startups

    The Federal Government of Nigeria, through the National Centre for Artificial Intelligence and Robotics, NCAIR, has announced the launch of a N100 million AI Fund in collaboration with Google.
    This initiative aims to support Nigerian startups that are leveraging Artificial Intelligence, AI to develop innovative solutions across various sectors.
    The fund will provide up to N10 million in funding to selected startups, along with access to Google’s AI tools, mentorship, and global network.
    The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, stated, “The AI Fund is a significant step in nurturing homegrown innovation and driving the growth of Nigeria’s digital economy. By supporting our startups, we are investing in the future of our nation.”
    The AI Fund is open to Nigerian-based startups that are focused on AI-driven technology solutions with the potential for significant impact. Applications are now being accepted, and the recipients will be announced in October.
    National Coordinator of NCAIR, Dr. Bunmi Ajala, highlighted the collaborative effort: “Our partnership with Google is a reflection of our shared vision for Nigeria’s technological advancement. The AI Fund is designed to empower our entrepreneurs with the resources they need to create impactful AI solutions. We are excited to see the transformative innovations that will emerge from this program.”
    Also, the West Africa Director, Google, Olumide Balogun, reiterated Google’s commitment: “Google’s support for the AI Fund is part of our broader mission to enhance digital capabilities across Africa. We are committed to providing Nigerian startups with the tools, mentorship, and resources they need to innovate and succeed on a global stage.”
    The AI Fund seeks applications from Nigerian startups that meet the following criteria: startups with their headquarters in Nigeria, it must have at least one Nigerian founder, focus on developing scalable AI-driven solutions and possess a live product demonstrating early traction and market fit.
    Interested startups can apply through the link as a rigorous selection process will identify promising startups with not only innovative AI solutions but also the potential for significant impact and scalability.
    Successful applicants will be announced in October 2024, with the programme officially commencing shortly thereafter.