Technology
Full Text of Prof Osinbajo’s Speech at Google for Nigeria Event
I am delighted to be to be here with you today at this year’s Google for Nigeria event. Just couple weeks back, it was a special pleasure to be welcomed to the Googleplex by Google CEO, Sundar Pichai and his great management team. We all have very warm memories of that visit, and I am truly grateful for your kindness and warm hospitality.
About three months ago, I spoke at an event at the Warwick University on the subject “The African Century.” The substance of that speech was that this century is Africa’s century. Why? Because Africa will, for good or ill, play the defining role in global development. Africa’s fortunes will matter across all the trends shaping the world. I say for good or for ill because either scenario is possible. If Africa fails on these important development issues, because of our sheer size, the global impact will be catastrophic and if it succeeds the global impact will be incredible.
In at least four important respects, Africa will hold the balance of world development. First is in world population (demography). Second is environment and climate change. Third is productivity. Fourth is social exclusion (or inclusion as the case may be) and its implications for global security.
Let’s take population, by 2035, Africa will have 1.2 billion people. Nigeria is Africa most populous country; she will become the 4th most populous nation in the world. Over 50% of that number will be young persons under the age of 25. Today, 60 percent of the unemployed in Africa are young people. If we do not change the trajectory of socio-economic development, we would have millions of jobless young people in the prime of their lives, and as we will see, largely illiterate and /or poorly trained. The workforce will be ill-equipped to man any industrial revolution or take advantage on scale of technology. The anger, disillusionment, and hopelessness of these young people will drive social unrest, compel more desperate migration northwards and present a fertile recruiting ground for extremist groups. If social conditions remain tenuous, even the well-educated will be tempted into migration and contribute further to the brain drain.
How about the environment and climate change? So, it is generally agreed that although Africa has contributed least to global warming, it is and will suffer most from its consequences. Indeed, we are already seeing extreme weather events such as flash floods, drought, and desertification.
So to cut a long story short, Africa is confronted with existential challenges, and there is simply no time to waste in resolving these problems. The answer that providence has given us is technology. The great purveyors of technology such as our hosts today Google, and their collaborators – 21st century Technologies Limited and Backbone Connectivity Network (BCN), are not mere corporations in search of profit and some social good, they literarily hold the future of generations of humanity in their hands.
In Nigeria, we cannot train our nearly 200 million young people by 2045, in classrooms alone. It is impossible! We must use the internet and even mobile telephony. We must connect our young people to knowledge and innovation all over the world. Co-creation efforts of innovators and inventors require broadband to be consummated.
So without connectivity, the development trajectory of our nation and continent is truncated. Today, it is also becoming increasingly clear that the availability of food and healthcare for the huge numbers of our people will depend on how democratized the technology becomes. We simply cannot provide enough food, drugs or vaccines in Africa without the availability of innovation in agriculture, and technology in farming and the production of drugs and vaccines. So democratizing Artificial Intelligence as we heard Marvin Chow, Google’s VP Product Marketing, describe in agriculture and the medical sciences, will change the human development story.
Indeed every step that is taken to democratize technology is a quantum leap in the African development story and a major contribution to Global stability and growth. This is why the launch of Google Station here in Nigeria, is an enormously significant event.
First, it means that Google and 21st Century, will be providing free WiFi access in several public spaces in Nigeria, more exciting is that several of our markets will benefit from this free internet access.
This partnership is particularly important to us, because we have in the past one year, in our energizing markets project, been providing solar power to markets and economic clusters across the country. We have done extensive work in Ariaria market in Aba, Sabongari in Kano, Gbagi market in Ibadan, Sura here in Lagos, and we are starting out in Iponri, and Balogun markets.
But the most profound implication is that internet access is becoming available to some of the poorest in society. What access to information, tools of education, business or commerce means is that gaps of inequality and exclusion are bridged. Jobs are created and in many important respects, there is a real chance of better quality of life for large numbers of our people.
Millions of Nigerians have personal stories of how the Internet has transformed their lives, their hustle, as today’s theme alludes to, in positive ways. And Juliet Ehimuan, Google’s Country Director Nigeria, has showed us, with stories of real people like Adaobi, how Google has featured prominently in many of these stories.
In 2016, working with the Office of the Senior Special Assistant to the President on SDGs, I launched the Google Digital Skills Training Programme with the target to train 400,000 Nigerians on basic Digital Skills, working with Google and local Nigerian Tech Training companies.
We have since surpassed those numbers and trained over a million Nigerians in basic digital skills in the last 24 months.
To scale up our support to private sector players in the technology space, I recently inaugurated the Technology and Creative Advisory Group, a subset of our National Industrial Policy and Competitiveness Advisory Council.
This group brings together, young private sector players in the technology and creative sectors and relevant government agencies, working jointly to formulate policies, programmes and projects for the Technology and Creative sectors of our economy.
Some private sector members of the Advisory Group and relevant government agencies like NITDA, NEPC and the Bank of Industry, went with me on the trip to Silicon Valley. Also on that trip, I met with the creative sector in Los Angeles and showcased Nigeria’s readiness and preparedness for investment, and the work we are doing with our Ease of Doing Business Secretariat, to provide an enabling environment for business in Nigeria, and which helped Nigeria rise 24 places on the World Bank’s Ease of Doing Business Index in 2017.
Through the GEM Project of the World Bank, the Federal Government has given out over $2million to 79 startups across the country. Apart from this, our National Social Investments Programme is working with the National Information Technology Development Agency (NITDA) to support the private sector to establish technology and innovation centers across the country.
We have established and launched these Innovation Hub projects across the nation. From the Ventures Platform in Abuja (Ventures Park), to the Marydel Hubs and the Edo State Government’s Edo Innovate project in Benin, Edo State, and the Humanitarian Innovation Center in collaboration with the North East Innovation Hub and the International Committee of the Red Cross (ICRC) in Yola, Adamawa State, we are committed to building an ecosystem to drive innovation.
The Federal Government is now investing in training 5,000 developers as part of our N-Power Tech program, just as we are catalyzing a whole new sector of animation production by training 3,000 young people with scriptwriting, storyboarding, voice acting, animation and post-production skills. Not only will we develop their skills, we are providing an initial support of the hardware and software tools that will help them function economically after they are trained. We also believe that starting earlier with our students helps to solve tomorrow’s challenges, today. The Federal Government is lending support to initiatives such as the Civic Lab’s Student Innovation Challenge, and the Campus Innovation Challenge by Union and CC Hub, Nigeria’s pioneer Tech Hub in Yaba, Lagos State, to discover and support student entrepreneurs in our tertiary institutions.
Next week, I will launch a Climate Innovation Center in partnership with the Enterprise Development Center at the Lagos Business School. This forms part of our ICT roadmap, in which the private sector is an important stakeholder.
The challenge remains connectivity, extending broadband reach, making data cheaper – National Broadband Policy. As a first[1] step, the Federal Government, through the Nigeria Communications Commission (NCC), has since licensed a number of Infrastructure Companies (Infracos), who will invest in rolling out broadband infrastructure across Nigeria.
I believe we can extend broadband reach significantly in a year or two. We will partner in whatever way we can with Google and Nigerian broadband providers like 21st Century Technologies Limited and Backbone Connectivity Network, to quickly achieve extensive broadband coverage.
Our goal is to create a data-driven digital economy; one that will lead the way not just in Africa, but globally as well. And I believe strongly that Nigeria is on the right path. We have the people, the talent, we have a government that sees the potential very clearly, and is showing the determination to unlock that potential.
Technology has put great power into our hands, as individuals, but more importantly as co-creators and collaborators, to positively and dramatically change the course of human existence. With it, we can solve many of the problems that confront us.
In addition, we can connect people, grow businesses, influence good governance, and create better lives, and a better country for ourselves and for the future.
Thank you.
The Interswitch Retail Summit 2026 will convene on April 23, 2026, at the Lagos Marriott Hotel Ikeja, bringing together senior leaders across Nigeria’s retail ecosystem for a focused conversation on the future of commerce. The forum, themed “The Modern Retail Playbook: What Works, What’s Changing, What’s Next?”, is designed to foster meaningful, execution-driven dialogue among decision-makers and key industry stakeholders. At its core, the event aims to bridge the gap between insight and action in a rapidly evolving market.
Nigeria’s retail sector is undergoing a profound and inevitable evolution. The familiar structures that once defined how businesses operate, how customers engage, and how transactions are completed are steadily giving way to a more dynamic, technology-driven ecosystem. For many organisations, this shift has moved beyond theory into daily reality, where decisions around growth, efficiency, and customer experience must now be made within the context of constant change.
At the centre of this evolution is the growing influence of digital technology. Consumers are more informed, more connected, and more demanding than ever before. They expect seamless interactions, faster service, and consistent experiences across both physical and digital channels. Meeting these expectations requires more than incremental improvements; it calls for a fundamental rethinking of how retail operations are structured, delivered, and scaled.
Leadership, therefore, has taken on a more integrated and strategic role. Today’s Chief Executive Officers (CEOs), Chief Technology Officers (CTOs), and Chief Financial Officers (CFOs) are not just managing their respective functions; they are collectively responsible for navigating a new kind of business environment. Strategy, technology, and finance are no longer separate conversations; they intersect in ways that directly influence an organisation’s ability to compete and grow.
Across Nigeria, there are already clear signs of adaptation. Retailers are leveraging data to better understand customer preferences and tailor their offerings in real time. Payment solutions are becoming more seamless, reducing friction at checkout and enabling new forms of commerce. At the same time, partnerships across the ecosystem are unlocking efficiencies and opening new pathways for growth. Yet, while progress is evident, it remains uneven.
Many organisations are still grappling with how to translate emerging trends into practical strategies that deliver measurable outcomes. This underscores the importance of platforms that bring industry leaders together. When decision-makers exchange ideas, challenge assumptions, and learn from one another, the entire ecosystem benefits. It is through these shared conversations that best practices are refined, new approaches are tested, and meaningful progress is accelerated.
As a company with over two decades of experience enabling digital payments and commerce across Africa, Interswitch Group has seen firsthand how collaboration drives innovation. Its work across retail and the broader commerce ecosystem reinforces a simple but powerful reality: the most effective solutions are often developed through partnership. Whether it is integrating payment systems, improving operational efficiency, or enhancing customer engagement, the ability to work across boundaries is becoming a defining feature of successful organisations.
The timing of the forum is particularly significant. Nigeria’s economic landscape continues to evolve, presenting both challenges and opportunities for businesses. Rising operational costs, shifting consumer spending patterns, and increased competition are prompting organisations to rethink traditional approaches. At the same time, advances in technology are opening new possibilities for efficiency, scalability, and innovation. Navigating this dual reality requires a balanced approach, one that combines strategic foresight with disciplined execution.
Operational efficiency will be a key area of focus at the forum. In a competitive environment, the ability to streamline processes, reduce waste, and optimise resources can significantly impact performance. Technology plays a central role in enabling this shift through automation, improved visibility, and more informed decision-making. However, unlocking these benefits requires more than tools; it demands organisational alignment and strong leadership commitment.
The forum will also explore the future of retail in Nigeria, with a focus on emerging trends and their implications for business strategy. From the rise of omnichannel retailing to the growing importance of data-driven insights, the forces shaping the industry are increasingly interconnected. Understanding these dynamics is essential for leaders looking to position their organisations for sustained success.
Ultimately, the evolution of Nigeria’s retail sector is not a distant prospect; it is already underway. The question for business leaders is no longer whether they will be affected, but how they will respond. Will they take a proactive approach, seeking out insights and building the partnerships needed to thrive, or will they struggle to keep pace with change?
Platforms like the Interswitch Retail Summit 2026 offer a timely opportunity to choose the former. By bringing together the individuals shaping the future of retail, the forum creates space for learning, collaboration, and decisive action. In a rapidly evolving landscape, such platforms are no longer optional; they are essential for leaders looking to build resilient, future-ready retail businesses in Nigeria.
By Aduragbemi Omiyale
Four Nigerian firms have been selected to join the 10th Google for Startups Accelerator Africa Cohort, which began on April 13 and will end on June 19, 2026.
Fifteen companies are participating in the hybrid programme, which will receive dedicated guidance from experienced mentors and industry experts, alongside hands-on technical workshops focused on AI and machine learning.
The four Nigerian startups chosen for this scheme include Bani, MasteryHive AI, Regxta, and Termii.
They were picked from an exceptionally competitive pool of nearly 2,600 applications. The beneficiaries are utilising Artificial Intelligence (AI) to address critical local and regional challenges.
As for Bani, it is a cross-border payments infrastructure platform eliminating settlement delays for African businesses trading globally, while MasteryHive AI is an AI-native platform automating transaction reconciliation, fraud detection, and AML monitoring.
On its part, Regxta combines alternative data-driven credit scoring with a hybrid digital-agent distribution model to deliver financial products to unbanked micro businesses, while Termii uses its AI-native communications infrastructure platform to ensure reliable financial messaging for banks and fintechs.
African tech founders are actively solving fundamental infrastructural challenges, bridging gaps in financial inclusion, healthcare, and supply chains with complex AI.
The continent’s venture ecosystem showed remarkable resilience by raising $3.9 billion in 2025. However, scaling deep-tech solutions requires specialised technical infrastructure, advanced cloud capabilities, and strategic mentorship to complement this capital.
Accelerator initiatives provide these exact tools, ensuring local innovations can sustainably grow into businesses that power the continent’s digital economy.
“At Termii, we’re building AI-powered infrastructure that ensures financial transactions don’t fail, from login PINs to payment OTPs and fraud alerts.
“The Google Startup Accelerator is helping us accelerate our AI roadmap and scale globally, and even in the first week, access to technical support and insights has been incredibly valuable for our next phase of growth,” the chief executive of Termii, Mr Gbolade Emmanuel, stated.
“We are absolutely thrilled to welcome these exceptional founders into Class 10. African startups are driving essential economic growth and social development.
“Our role is to serve as a supportive partner, providing these developers and founders with the technical infrastructure, mentorship, and global network they need to scale their solutions and amplify their real-world impact,” the Head of Startup Ecosystem for Google Africa, Mr Folarin Aiyegbusi, disclosed.
Since launching in 2018, the Google for Startups Accelerator Africa program has supported 106 startups from 17 African countries, empowering them to collectively raise over $263 million and create more than 2,800 jobs.
By Modupe Gbadeyanka
Nineteen emerging startups are being showcased at the 2026 Demo Day organised by the Ilorin Innovation Hub in partnership with IHS Nigeria, a part of IHS Holding Limited, also known as IHS Towers.
The participating small firms took part in the hub’s accelerator and incubation programmes. At this event, themed The Convergence, they will pitch their solutions to investors, venture capital funds, corporate partners, and the media.
The platform would be used to help them unlock funding opportunities, foster strategic collaborations, and amplify visibility for these startups that are developing solutions across critical sectors, including agriculture, health-tech, green energy, lifestyle, and digital services.
“We believe innovation and digital technology are powerful drivers of economic growth and sustainable development. This is why we partnered with the Kwara State Government on the Ilorin Innovation Hub.
“It is impressive and very fulfilling to see the diverse portfolio of ideas and solutions showcased today from the hub within a year of the commencement of operations. This speaks to the depth of creativity among Nigerians and what is possible when they are equipped and supported.
“Today’s event makes me proud of our investment in the space and underscores IHS Nigeria’s continued commitment to supporting technology, entrepreneurship, and digital innovation in Nigeria,” the chief executive of IHS Nigeria, Mr Mohamad Darwish, said.
The Managing Director of Ilorin Innovation Hub, Temi Kolawole, also said, “Today, we showcase 19 startups that have shown that when you combine talent with the right support, the results speak for themselves.
“The Ilorin Innovation Hub exists to ensure that geography is never a barrier to building something extraordinary, and this Demo Day is proof that we are on the right track.”
The Ilorin Innovation Hub, a partnership between the Kwara State Government and IHS Nigeria, began operations in February 2025 with programmes managed by Co-creation Hub and Future Africa.
The Demo Day presents an opportunity to take stock and assess how the Ilorin Innovation Hub is helping to nurture and bring to life groundbreaking ideas and solutions supporting economic resilience and addressing real-world societal challenges.
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