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Shaping Intercontinental Business Between Africa and Europe

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Africa

Ambassador Eniola Ajayi urges a new approach to the Dutch Africa Strategy, calling for equal partnership and African inclusion in future policy design

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Keynote Address by Ambassador Dr. Eniola Ajayi at a Business Dialogue on Africa organised by the Voice News Magazine based in the Kingdom of Netherlands which took place at Eko Hotel, Victoria Island, Lagos on Friday, November 28, 2025

Also read: Baba-Ahmed confirms Peter Obi remains in Labour Party

Title: Shaping Intercontinental Business Between Africa and Europe
Theme: Debunking Notions, Reshaping Mindsets in Doing Business in Africa

Opening & Acknowledgements

Your Excellencies,
Esteemed colleagues,
Leaders of industry, government, and diplomacy, Distinguished ladies and gentlemen, Good morning.

It is an honour and privilege to stand before you today to discuss a subject that sits at the very heart of our shared future – Shaping Intercontinental Business Between Africa and Europe.

Allow me to appreciate the organisers of this dialogue, The Voice Africa News Magazine, from the Netherlands for framing such a profound theme – “Debunking Notions, Reshaping Mindsets in Doing Business in Africa.”

It is indeed time to move beyond the old narratives – those outdated perceptions of Africa as a continent defined by aid, rather than by opportunity; by potential, rather than by performance.

Africa is not waiting to be discovered. Africa is open for business – on equal terms.

Setting the Context: A Moment of Transformation

We are gathered at an auspicious moment in history. The tipping point if you like.
The tectonic plates of global trade, energy, and geopolitics are shifting.
The COVID-19 pandemic and its aftermath have redrawn global value chains and revealed the vulnerabilities in our different nations – big or small.

The war in Ukraine has reshaped energy and food security priorities.
And across Africa, a young, dynamic, and connected generation is rewriting the script of our economic destiny.

Africa today is not merely a supplier of raw materials – it is a continent of creators, innovators, intellectuals and entrepreneurs who are building the industries of tomorrow.

From Lagos to Kigali, Nairobi to Accra, African startups are redefining fintech, healthtech, agritech, and clean energy solutions that speak not only to local realities but to global challenges.

The Dutch Africa Strategy – A Case Study of Intention and Opportunity

When the Dutch Africa Strategy (2023–2032) was launched in The Hague in May 2023, I had the privilege of being among the Ambassadors representing African nations.

It was a moment of recognition – that Africa’s growth and Europe’s prosperity are deeply intertwined. Our proximity to each other makes our collaboration inevitable.

The Dutch strategy articulates noble intentions. It speaks of mutual trust, equality in partnership, and shared prosperity.
It acknowledges that Africa’s development is no longer a matter of charity, but of mutual interest – in trade, security, climate resilience, and sustainable growth.

It represents an important shift: a recognition that doing business with Africa is not about aid, but about partnership; not about dependency, but about interdependence. We need each other to thrive and survive.

A Missing Element – The African Voice

However, while the Dutch Africa Strategy was commendable in vision, it also revealed a familiar pattern.
It was a strategy for Africa, but not with Africa.

African nations were not consulted in its drafting; we were presented with the finished document – a plan about our continent, developed without our direct input.

And therein lies a paradox that we must address, if we are to reshape intercontinental business:
How can we speak of equality and mutual trust when the voices of one side are absent from the design table?

True partnership cannot be built on monologue – it must be dialogue.
Africa does not seek to be a passive recipient of strategies. We seek to be co-authors of them.

We want to sit at the table not as guests, but as equals – bringing our own priorities, insights, and aspirations to the discussion.

Debunking Notions – A New Mindset for Both Sides

Ladies and gentlemen,
If this decade is to be one of genuine transformation, we must begin by *debunking old notions* – on both sides of the partnership.

For too long, Africa has been seen primarily as a source of raw materials – a continent that extracts but does not refine; that exports value but imports finished products; that fuels global industry while its own citizens remain on the margins of prosperity.

That narrative must end. Our survival depends on this.

Africa is finally waking up to the reality that our vast natural resources – from minerals to agriculture, from oil and gas to our boundless human capital – must no longer be shipped out in raw form.

We have realized that value addition must happen on African soil, by African hands, through African innovation – in partnership, yes, but with equity and ownership.

When Africa processes its cocoa, it creates jobs. We can make chocolate bars too! It is not rocket science.
When Africa refines its lithium, it powers its own industries.

When Africa manufactures its pharmaceuticals, it safeguards its own health.
This is not protectionism – it is self-empowerment. It is self preservation. It is economic justice.

Reshaping the European Mindset

At the same time, our European partners must also evolve their perspective.

Partnership with Africa should not be viewed through the lens of risk, but of reward.
The narrative of instability and fragility must give way to one of resilience and opportunity. It should call a spade – a spade. Yes, there are issues of insecurity, what we need is help, not escalation.

The Africa of today is governed by regional economic communities that are harmonising trade rules.
The African Continental Free Trade Area (AfCFTA) is creating the largest single market in the world by number of countries – a market of 1.4 billion people with a combined GDP of over three trillion dollars.

This is not a continent to be pitied. It is a continent to be partnered with – on equal footing.

The mean age of the African population is 19.2 years (due to factors that we hope will improve over time) but the benefit is that we have a virile, versatile, educated and youthful workforce.

The business mindset must therefore shift from extractive transactions to transformative investments;
from short-term profit to long-term partnership;
from seeing Africa as a *testing ground to seeing Africa as a growth engine.

Europe and Africa – Partners in Transition

Both continents are undergoing profound transitions.

Europe is reindustrialising and greening its economy – moving towards clean energy, circular production, and digital transformation.

Africa is urbanising rapidly, digitising its economies, and investing in renewable energy and youth innovation.

Our transitions can and must be aligned.
Africa holds 60% of the world’s renewable energy potential.
Europe holds decades of industrial and technological expertise.
Together, we can build a new paradigm of co-created growth – that is green, inclusive, and mutually beneficial.

Migration – A Bridge, Not a Barrier

But there is another crucial aspect of our intercontinental relationship that requires a new mindset: migration.

Too often, migration has been portrayed as a crisis to be managed rather than a force to be harnessed. Yet, when well-governed, migration is not a problem – it is an opportunity.

We must tackle the issue of migration between Africa and Europe in a way that is mutually beneficial to both continents.
Africa’s youthful population is an asset; Europe’s aging workforce presents a challenge.

A fair, regulated, and humane framework for mobility that can serve both needs.

There should be regular pathways for legal migration – pathways that attract the people and skills needed in European countries seeking to shore up their workforce, while ensuring that migration remains dignified, orderly, and mutually enriching and not exploitative.

When talent circulates, innovation follows. When movement is managed, both continents prosper.

We must therefore move from a defensive approach to migration to a developmental approach – one that sees people as bridges, not as burdens.

A New Business Compact – Built on Trust and Equality

To shape truly intercontinental business between Africa and Europe, we must anchor our cooperation on five key principles:

1. Co-creation, not prescription

Policies affecting Africa should be designed with African stakeholders at the table.

When strategies such as the Dutch Africa Plan are revisited or implemented, they should incorporate the perspectives of African governments, private sectors, and youth voices.
Ownership begins with participation.

2. Value addition within Africa

European investors must continue to partner in setting up industries in Africa – not just to extract raw materials but to manufacture, process, and innovate locally.

The success story of Friesland Campina is a case in point. This is a great company with the right mindset.

This will create jobs, reduce poverty, and deepen regional value chains.

3. Fair trade and access to markets

Trade frameworks must reflect fairness. Non-tariff barriers and complex standards often disadvantage African producers.
The future must prioritise access, technology transfer, and mutually beneficial trade agreements under AfCFTA and EU frameworks. The CBI – Ginger initiative is a welcome collaboration between Nigeria and the EU.

(Nigerian ginger is considered among the best in the world. Its aroma, sharp taste and high oil content are unique features.

Nigeria was the world’s third-largest producer of ginger in 2018. Still, economic growth in Nigeria is spread unevenly and many people live in poverty.

The Nigerian ginger sector has the potential to add more value and diversify its markets.

In 2021, the Centre for the Promotion of Imports from developing countries (CBI) started a project to strengthen the sector’s quality services.

In the project, Nigerian small and medium-sized enterprises (SMEs) are supported to create value-added ginger products.

This is done by improving quality, helping with sustainability certification and organic or refined processing.

4. Technology and knowledge partnership

The 21st-century partnership must be based on technology transfer, research collaboration, and capacity building.
Let us replace the model of finished goods for raw materials with one of shared innovation. We cannot keep collecting peanuts for our coffee beans while paying premium dollars at Starbucks.

5. Inclusive growth and sustainability

Intercontinental business must be anchored in sustainability – environmentally, socially, and economically.
Women, youth, and small enterprises must not be left behind in this journey.

The market is large enough for everyone to get a share. The sky is big enough for all birds to fly without impeding one another.

Examples of Opportunity

The opportunities for partnership are vast:
• In energy, Africa’s abundant sunlight and Europe’s technology can together lead the world in renewable innovation.
• In agriculture, Africa’s fertile lands and Europe’s processing expertise can ensure food security on both continents. With the golden triangle approach of the Netherlands ( Government-Research Institutions-Private Sector partnership), prosperity is possible.

It is no wonder Netherlands is the second largest producer of food in the world. Netherlands has mastered how to improve the yield of their produce.
• In healthcare, Africa’s growing pharmaceutical sector and Europe’s regulatory experience can build resilient health systems.
• In digitalisation, Africa’s mobile-driven innovation and Europe’s cybersecurity frameworks can together define the next frontier of global commerce.

Reclaiming the Narrative

We must remember – narratives shape behaviour.
For too long, Africa’s story has been told by others.
It is time for Africa to tell its own story – confidently, creatively, and collaboratively.

As an African diplomat who has served in Europe, I have seen firsthand that when Africa speaks with a clear voice, the world listens.
When we negotiate with clarity and unity, the terms of engagement change.
And when we demand fairness – not as charity, but as a right – we gain respect.

We must therefore approach intercontinental business not with a sense of inferiority, but with the dignity of equal partnership. We must come to the table with a true understanding of our selfworth.

A Call to European Partners

To our European friends – including the Netherlands – I say this:
The future of global prosperity is not in rivalry, but in renewed partnership.

When the Dutch Africa Strategy speaks of mutual trust and equality, let us make it real by ensuring African inclusion in every phase of implementation.

Let us transform the strategy from a policy paper into a living framework of collaboration – where Dutch and African entrepreneurs, scientists, and innovators co-create the industries of tomorrow.

Let us build joint centres of excellence, green industrial zones, and value-chain partnerships that demonstrate the power of equality in action.

A Call to African Entrepreneurs and Governments

And to my fellow Africans – government leaders, business owners, innovators – let us rise up to this moment.
The world will not value what we do not value ourselves. If you call yourself a doormat, nobody will call you a queen.

We must create enabling environments – stable policies, secure safe spaces, transparent governance, reliable infrastructure – that attract and sustain investment.
We must develop our human capital – in science, technology, engineering, entertainment, and management – to power our own industries.
We must trade more with each other – because an integrated Africa is a stronger Africa.

The artificial division of Africa in 1884 – 1885 at the Berlin conference must give way to deliberate and intentional solidarity.

Let us remember: no one will add value to our resources unless we decide to do so ourselves. Africa must first be developed by Africans. People respect what is developed.

The Spirit of Ubuntu – Our Shared Humanity

At the heart of all these conversations lies a deeper truth:
Our destinies are intertwined.

As the African proverb says, “If you want to go fast, go alone. If you want to go far, go together.”

Africa and Europe are natural neighbours.
Africa and Europe must go far – together.
Not as donor and recipient, not as exporter and importer, but as partners in progress, equals in vision, and co-architects of a sustainable future.

Conclusion – A Future Defined by Partnership

In closing, let me return to where I began:
We are not just shaping intercontinental business – we are shaping intercontinental destiny. We are being pragmatic about our inevitable future.

The Dutch Africa Strategy 2023–2032 gives us an opportunity – not a finished product, but a framework to build upon. Maybe for a Europe – Africa strategy.

It is an invitation to redefine partnership.
To move from strategy on paper to collaboration in practice.
To replace extraction with equity, and charity with shared prosperity.

Let us move forward, therefore, with mutual respect and renewed trust –
Recognising that Africa is not a problem to be solved, but a partner to be embraced.
That Europe’s success and Africa’s progress are inseparable.
And that together, we can build a world where every resource, every innovation, and every partnership adds value – not just to economies, but to human lives.

Also read: Baba-Ahmed confirms Peter Obi remains in Labour Party

As we engage in this dialogue today, let us ensure that the next time an Africa Strategy is written – it is written not about Africa, but with Africa!

Thank you.

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Interrogating Tinubu’s recurring absence at the UN General Assembly…

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Tinubu

By Bola BOLAWOLE,

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President Bola Ahmed Tinubu’s decision to skip the ongoing 81st session of the United Nations General Assembly, the third such abstention in a row, has raised eyebrows and sparked speculations.

Also read: Governor Dauda Lawal Approves 95% Salary Increase for Health Workers

Expectedly, opposition politicians have wasted no time in feasting on the official announcement that the vice-president, Kashim Shettima, will, once again, stand in for the president.

This trumps an earlier announcement by Jimoh Ibrahim, the country’s Ambassador to the United States/Permanent Representative to the United Nations, that not only would the president attend the annual meeting of world leaders at the UN headquarters in New York, USA, but that a vantage position had been secured for him to sit very close to the maverick United States’ president, Donald Trump!

Since he assumed the country’s leadership in 2023, Tinubu has yet to attend a single UNGA meeting; so also has he yet to pay either official or private visit to the United States despite that he has reportedly embarked, so far, on 52 foreign trips. He has visited at least 30 different countries across Europe, Asia, Africa, and the Americas, spending approximately 261 days.

As we speak, the president is out of the country on holidays, first to the UK after which he is expected in France. So, is there anything that aileth Tinubu about the United States? That is where the speculation begins; however, it does not end there!

Is President Tinubu deliberately avoiding the United States? Has it got anything to do with the unending controversy and legal battles over the FBI files and Tinubu’s past activities in the United States? He schooled there; he also worked there before returning to Nigeria decades back.

During the giddy days of the Sani Abacha military dictatorship, the US provided succour and a safe haven for Tinubu and many other pro-democracy activists. What has since changed is the question to ask if the suspicion is that the president is deliberately avoiding the United States.

Or has it got anything to do with the unpredictability of President Trump and the activities of anti-Tinubu politicians here at home and the paid groups doing their bidding in the US? Who dare put anything beyond a president that organized the storming, arrest, and rendition of a sitting foreign leader, hauling him and his wife to the US for trial on drug-related charges, with the country of the leader concerned and the international community as a whole helpless to do anything about it! “What if” then becomes the question should Tinubu set foot on US soil! Is it not better, then, to err on the side of caution?

Another school of thought is that Tinubu’s health might need attention. Unlike in much of the Western world, the secrecy that surrounds the health conditions of Nigerian, nay, African leaders makes it difficult to speak authoritatively on their health conditions.

And this is not new. Babangida, Abacha, Abdulsalami, Yar’Adua all had rumours swirling around their health conditions while in office. Abacha and Yar’Adua died in office. Buhari spent close to one-third of his tenure shuttling between the country and his doctors in the UK. It has been said, this time around, that Tinubu’s doctors are in France.

With part of his holiday reportedly scheduled to be spent in Charles de Gaulle’s country, could this holiday be another disguised medical tourism? Health is wealth, as they say, and prioritizing one’s health and wellbeing over and above a meeting, no matter how important, can be justified, especially when we have been told that the president can be (adequately?) represented at the UNGA.

Then I asked Google: Is it compulsory that the president lead his country’s delegation to the UNGA? The answer is: No, it is not compulsory for a president or prime minister to lead their country’s delegation to the UNGA.

Alternatively, the president or prime minister can be represented by the vice president or deputy prime minister, the foreign affairs minister or the country’s permanent representative at the UN who can speak, vote and act on behalf of the country or member-state concerned.

History records that many world leaders have frequently failed to personally attend UNGA due to divergent reasons, such as pressing domestic issues, disasters or local crises needing their personal attention or for health reasons.

Super-power rivalry and politics, and the need to remain non-committal or stay neutral from taking sides on volatile issues have also been known to compel foreign leaders to skip personally attending UNGA.

When a country’s leader attends the United Nations General Assembly (UNGA) in person, it provides several distinct strategic, diplomatic, and political advantages that cannot be replicated through virtual participation or lower-level delegation.

Some of these advantages are: High-level bilateral diplomacy (the “Margin” meetings); spontaneous networking whereby leaders hold informal, face-to-face meetings on the sidelines (the “margins”) of the assembly, allowing them to resolve disputes or advance treaties quickly.

It also affords the opportunity of building rapport. Personal presence helps build trust and personal relationships between heads of state, which can be critical during international crises.

Other advantages include enhanced global visibility and influence as UNGA gives leaders a global or world stage to operate from.

A speech delivered in person by a head of state commands significantly more international media attention and diplomatic weight than a pre-recorded video or speech read by a representative.

Some world leaders have been noted for setting agendas on issues of national, regional or international importance at UNGA. Leaders can directly pitch their nation’s foreign policy priorities, economic opportunities, or security concerns to a global audience.

Personal attendance at UNGA also helps to facilitate efficient multilateral engagement or what is called “mini-Summits” among leaders.

Leaders can participate in localized, high-level side events or regional summits (such as G7, BRICS, or regional blocs like the EU and the African Union) that have been known to convene in New York during the UNGA week. When leaders attend UNGA in person, direct access to decision-makers is made possible.

Smaller or developing nations also can seize the opportunity to have direct, unmediated access to leaders of superpower nations as well as heads of major international organizations like the UN itself, the World Bank and IMF. We can go on and on!

At the level of individual nations, attending UNGA is said to project an image of strength, global respect, and statesmanship to citizens back at home.

Newly-elected leaders especially use UNGA to announce themselves to the international community to garner support and recognition, to state their goals and set agendas as well as make profound statements on their administration’s foreign policy direction.

UNGA also serves as a formal introduction to the international community and signals the leader’s commitment to global cooperation.

From the above, it is, without doubt, a disadvantage when leaders absent themselves from UNGA. No matter how “powerful” a substitute representation is, it cannot be the same as when the president or prime minister of a country leads it.

There is what is called “bragging rights” among leaders. Presidents prefer to deal with presidents; vice presidents or foreign ministers will be shuffled down the ladder to discuss with their equivalents or counterparts.

The reverse is the case, however, where presidents of less powerful countries queue or consider it a privilege to have an audience with the foreign affairs minister or envoy of powerful countries such as the US, China, Russia, etc.

One narrative for Tinubu’s recurring absence at UNGA being spinned by his detractors is the fear of the unknown over the FBI files and Tinubu’s alleged past encounter with the US judicial system.

But a man, once tried and acquitted of criminal charges, cannot be tried again on the same offence except fresh evidence pops up that possesses the likelihood of affecting the outcome of the trial in the opposite direction.

Furthermore, can any harm come the way of a visiting president attending UNGA? Or, put more directly and blatantly, can a foreign leader attending UNGA in New York, USA be arrested for any reason whatsoever by the US authorities? The answer is, no; leaders attending UNGA cannot be arrested, charged or tried in the US because they enjoy immunity.

Under the UN Headquarters Agreement, the United States has an international obligation to allow accredited representatives entry and transit to the UN as well as respect their diplomatic inviolability.

In like manner, no US state, city, local government or county official possesses the legal power to arrest a protected visiting foreign leader.

From the above, it is most unlikely that President Tinubu stands the risk of being arrested in the US if he chooses to personally attend UNGA.

What may happen is that demonstrators may mass at the UN headquarters venue of UNGA, organize protests and heckle him and his delegation.

That will be embarrassing enough. For sure, it will portray the country in bad light and dent its image – which all Nigerians, including the president’s adversaries, will suffer from.

Also read: Governor Dauda Lawal Approves 95% Salary Increase for Health Workers

To avoid such an embarrassment and the deleterious effects it may have on the country’s image appears as the most germane reason why Tinubu has kept away – and may continue to keep sway – from UNGA until, maybe, a more predictable president mounts the saddle in the United States. And the losers? – Nigeria and Nigerians!

(Published in the TREASURES column on the back page of the NEW TELEGRAPH newspaper edition of Wednesday, 23 September, 2026).

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Agege APC Stakeholders Write to State Party Leaders to take action on defected members, their supporters

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By Daniel Oluwatobiloba Popoola,

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Concerned leaders and members of the All Progressives Congress (APC) in Agege Federal Constituency have petitioned the Lagos State Chairman of the party over the defection of two former House of Assembly aspirants to the Allied Peoples Movement (APM).

Also read: FG Threatens Lagos Coastal Highway Shutdown Over Safety Breaches

The petition dated Sunday, 20 September, 2026, was addressed to the state chairman at the APC secretariat in Lagos by stakeholders operating from 103 Orile Road, Orile Agege.

In the letter, the concerned leaders reported that Hon. Ganiyu Kola Egunjobi and Mr. Azeez Yusuf, who contested the last primaries for Agege State Constituencies 01 and 02, have defected to the APM and emerged as candidates of the party.

The group said the development has implications for stability, unity and electoral planning ahead of the 2027 general elections if urgent action is not taken.

According to the petition, the movement may extend beyond the two defectors to include elements of APC structures linked to them, including executives and stakeholders at local government and ward levels.

The stakeholders recalled three previous correspondences on the matter, including a letter dated February 19, 2026, by concerned APC Agege stakeholders, another dated May 18, 2026, on alleged marginalisation of Justice Forum members and disregard for party-approved appointments in Agege and Orile-Agege, and a petition on alleged disregard of party directives in the screening and swearing-in of nominated supervisors.

Furthermore, the letter expressed worry over reports that some serving councillors, supervisors, Secretaries to Local Government, Local Government Chairmen and other political appointees at state level are involved in activities associated with the APM structure.

The petitioners warned that the situation could create divided loyalty and confusion, with APC structures controlled by persons now contesting under another platform, thereby weakening coordination and mobilisation.

The group also alleged possible diversion and misuse of party and local government resources to support candidates of another party, noting that structures at ward and LGA levels were being deployed except for resistance from loyal members.

The stakeholders cited the recent controversy over appointment and screening of supervisors in Agege and Orile-Agege as evidence of the need to uphold party directives and constituted authority.

The letter further recalled a petition dated July 31, 2026, by Concerned Agege Leaders, alleging that some members duly appointed by the governor and party leaders as supervisors were denied their positions while others were sworn in by the chairmen of Agege LG and Orile-Agege LCDA.

The forum argued that retaining unresolved party structures whose principal actors have shifted loyalty to the APM could hamper grassroots mobilisation, communication and election coordination.

The petition added that the development could discourage loyal members and weaken discipline, thereby encouraging further fragmentation beyond Agege Federal Constituency.

Consequently, the concerned leaders urged the state leadership and appropriate organs of the party to conduct an urgent, impartial and comprehensive review of affected structures across Agege with a view to taking disciplinary action.

The group also called for corrective measures in the interest of the party, its State Assembly candidates, loyal members and supporters.

The stakeholders appealed to the leadership to treat the matter with urgency, stressing that the objective is not to create division or target individuals, but to protect unity, discipline, integrity and electoral organisation.

Also read: FG Threatens Lagos Coastal Highway Shutdown Over Safety Breaches

The petition noted that early action and reconstitution of unresolved structures would prevent internal confusion, restore confidence among loyal members and ensure the APC approaches the 2027 elections with committed and accountable grassroots structures.

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Cross-Border Digital Services Emerge as New Driver of Nigeria’s Economy — Experts

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Nigeria’s growing digital workforce is opening a new channel for cross-border trade as software developers, consultants, financial professionals, educators and other service providers increasingly work from the country for clients across Africa, Europe and North America.

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The development is expanding the country’s non-oil economic activity beyond the traditional export of physical goods, with high-speed telecommunications enabling professionals to deliver services internationally without moving people or physical products across borders.

Industry experts said the trend is also increasing the economic importance of sustained investment in telecommunications infrastructure, as unreliable connectivity can directly affect the ability of digital businesses and remote professionals to meet international contracts and delivery schedules.

They spoke during an economic dialogue co-hosted by financial planner Kalu Aja and chartered accountant Oluwatosin Olaseinde, founder of digital investment platform Ladda, on Sunday, September 20, 2026.

Olaseinde said telecommunications investment was creating productive capacity for the wider economy by enabling Nigerians to participate in increasingly decentralised forms of work.

“On a retail level, it’s not just them investing in capital expenditure—it’s actually creating economic capacity, productive capacity for the Nigerian economy,” she said.

She pointed to the growing number of Nigerians working remotely for clients and organisations outside their immediate locations.

“Remote workers can actually work. People are sitting in Lagos with clients in Nairobi, New York, London. Online tutoring—somebody sitting in Lagos tutoring children in Kaduna, in Nairobi, just all over,” Olaseinde said.

According to her, greater access to connectivity also exposes Nigerian professionals to international markets and standards, potentially improving the quality of services delivered from the country.

“It also raises the level of competence and service delivery in Nigeria… The excellence level goes up,” she insisted.

The expansion of cross-border digital services, however, places greater emphasis on network reliability. For professionals whose work depends on international clients, interruptions to connectivity can affect online meetings, project delivery, cloud applications, payments and other business processes.

Aja said the scale of investment required to maintain that connectivity was often underestimated because much of the infrastructure supporting the digital economy remained largely invisible to consumers.

Citing MTN Nigeria’s financial disclosures, he pointed to cumulative capital expenditure of about ₦1.62 trillion, covering network infrastructure and related investments.

“In every local government area in Nigeria there is an MTN somewhere,” Aja said, adding “You’ll either find a tower or you’re going to find someone selling recharge cards. That’s the depth and level of their contribution to Nigeria so far… If that all goes away, it’s a massive hole nobody can fill.”

The discussion highlighted the wider relationship between telecommunications investment and economic activity as businesses increasingly depend on digital platforms to reach customers, process transactions and deliver services.

Nigeria’s telecommunications sector accounted for 9.19 percent of GDP in the first quarter of 2026, according to the official figure cited during the discussion, underscoring the sector’s growing contribution to economic output.

Beyond domestic commerce, the growth of remote work and digitally delivered services provides Nigerian professionals with access to markets where contracts and payments are denominated in foreign currencies. It also allows firms to expand their client base without establishing physical operations in every market they serve.

Olaseinde also drew a distinction between foreign direct investment and foreign portfolio investment, arguing that long-term capital commitments can have a broader effect on employment and productive capacity.

“FPI is like a one-night stand. FDI is like a marriage,” she said, arguing that direct investment tends to involve longer-term commitments and can create jobs and productive capacity.

The experts also discussed the contribution of large corporates through taxes, dividends and continued investment. MTN Nigeria, for instance, paid ₦419.9 billion in dividends and ₦429 billion in taxes in 2025, according to the figures cited during the discussion.

For the expanding digital-services economy, the implications extend beyond the telecommunications industry. Developers, consultants, online educators, financial professionals, creators and other service providers increasingly depend on connectivity to participate in markets beyond Nigeria.

The development suggests that as Nigeria seeks to diversify its economy and expand non-oil sources of income, the ability to deliver services digitally could become an increasingly important component of its international economic activity.

For businesses operating in that space, reliable connectivity is therefore becoming less a convenience than a basic requirement for maintaining access to customers and markets across borders.

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