Economy
100% of SIM cards used in Nigeria locally-made, says NCC
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The Nigerian Communications Commission (NCC) has said 100 per cent of the SIM cards used in the country are manufactured locally.
Head of New Media and Information Security, Babagana Digima stated this at a training for media executives in Lagos, tagged ‘Upskilling Media Stakeholders on Trends in Telecommunications’.
Digima attributed the feat to the commission’s commitment to encouraging local content and indigenous participation in the industry through the Nigeria Office for Development in Indigenous Telecommunications Sector (NORDIT).
He said: “The NCC, by Section 1D to F of our Act, has spelt out our function to encourage indigenous participation of telecom companies, as well as the national policy for promotion of indigenous content in the Telecommunications Sector which established NORDIT.
“Indigenous participation is one of the key areas NORDIT has played a major role.
“As recent as two years ago, almost 99 per cent of SIM cards used in Nigeria were imported. But when NORDIT came, we made it one of our key low-hanging fruits that in five to six months, SIM cards will be manufactured locally. We directed all the Mobile Network Operators (MNOs) to source their SIM cards locally. And this has been working since. As at now 100, per cent of the SIM cards used in Nigeria are manufactured locally, no more importation.”
Digima added the commission is also advocating to encourage indigenous participation in all aspects of telecoms. According to him, NORDIT has provided grants and incentives to some companies to ensure the industry develops.
“We are currently sponsoring the manufacture of Corrugated Ordinal Duct, and the company that will be established will be the first in Africa to manufacture such kind of product.
“We also encourage tower manufacture, fibre manufacture, and have been in touch with Coleman Cables, which are currently manufacturing fibre cables. They have even overtaken the only company in Egypt in manufacturing capacity and they are expanding.
“I am sure a lot of companies are very happy with what we have done,” he added.
Executive Vice Chairman of NCC, Dr Aminu Maida, said the initiative to upskill senior media executives was borne out of the need to bridge the gap between the commission and how it is understood by the public.
Maida, represented by the Executive Commissioner (Technical Services) Abraham Oshadami, said the commission needs to develop a mechanism that would enable consumers and stakeholders understand how things work in the industry.
He said: “These have led to the birth of this beautiful initiative. If our industry must succeed, there must be proper enlightenment and education.
“So, your physical role cannot be over-emphasised, and that is why these are carefully selected executives from across all platforms. It is to enable you understand the commission and see the operational interventions that the commission has engaged in over the time, as well as our challenges.
“This will enable us work together to shape the landscape and also help consumers understand what is happening.”
The Nigeria Data Protection Commission (NDPC) has secured a legal victory confirming its authority to register data controllers and processors of major importance (DCPMIs).
In a judgment delivered by Justice Friday Ogazi of the Federal High Court, Lagos, in Emmanuel Harunna v. NDPC, the court dismissed a suit seeking to restrain the commission from registering point of sale (POS) agents and key data processors.
In a statement yesterday by the NDPC Head, Legal, Enforcement and Regulations, Babatunde Bamigboye, the court ruled that NDPC’s regulatory oversight strengthens data security and upholds citizens’ constitutional rights to privacy.
It further reaffirmed that the Nigeria Data Protection Act, 2023, overrides any conflicting laws concerning personal data handling.
Following the ruling, NDPC National Commissioner, Dr Vincent Olatunji, has ordered all unregistered major data controllers and processors to register forthwith or risk statutory penalties.
According to the court, “the Nigeria Data Protection Act was enacted to promote accountability, transparency and responsible data governance. Registration enables the respondent to identify entities engaged in significant data processing activities and monitor compliance.
“Far from undermining the constitutional right to privacy, the registration framework is one of the statutory mechanisms designed to safeguard that very right by subjecting data controllers and data processors to effective regulatory oversight.”
Among others, it noted that “There is every indication that the Guidance Notice is also aimed at protecting the privacy and security of data subjects, thus bringing the registration requirement of the Guidance Notice within the protective shield of section 45 of the 1999 Constitution.”
Meanwhile, to ensure full compliance with the judgment, the NDPC National Commissioner and Chief Executive Officer, Dr Vincent Olatunji, has directed all DCPMIs that are yet to register with the Commission to do so forthwith or face serious legal liabilities.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and the Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, will headline the 7th Africa Emerging Markets Forum scheduled to hold in Abuja on July 29 and 30, 2026.
The two global economic leaders are expected to feature in a high-level fireside dialogue that will focus on how African economies can navigate growing global uncertainties, sustain reform efforts, deepen regional integration and unlock long-term growth opportunities.
Hosted by the Central Bank of Nigeria in partnership with the Emerging Markets Forum (EMF) and the Centre for the Study of the Economies of Africa (CSEA), the forum will bring together senior policymakers, central bankers, ministers, economists, development partners and private-sector leaders from across Africa and beyond.
The event, which will take place at the CBN Headquarters in Abuja, is themed “Building Resilience Amidst Geoeconomic Uncertainties.”
Organisers said discussions will centre on practical policy responses to an increasingly fragmented and unpredictable global economic landscape.
The forum will also feature keynote addresses from the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and the Minister of Science, Technology and Innovation, Dr Kingsley Udeh, highlighting the role of coordinated fiscal, monetary and innovation policies in driving Africa’s economic transformation.
Other notable participants expected at the gathering include Indermit Gill, Chief Economist and Senior Vice President for Development Economics at the World Bank Group; Harinder Kohli, Founding Director and Chief Executive of the Emerging Markets Forum; and Professor Adamu Ahmed, Vice-Chancellor of Ahmadu Bello University.
Over the two-day event, participants will examine issues shaping the future of emerging economies, including macroeconomic stability, regional integration, cross-border payments, financial technology, infrastructure development, foreign direct investment, technology transfer and artificial intelligence.
Deliberations will also focus on food price volatility, inflation management and the effectiveness of monetary policy transmission in fragile and post-crisis economies.
According to the organisers, the forum is designed to encourage open dialogue on strategic economic challenges facing emerging markets while identifying practical and adaptable policy solutions.
They noted that the event reflects the commitment of the Central Bank of Nigeria and its partners to strengthening regional cooperation, promoting evidence-based policymaking and advancing innovative approaches that support sustainable and inclusive economic growth across Africa.
The Nigerian National Petroleum Company Limited, NNPCL, has increased the pump price of Premium Motor Spirit, PMS at its retail outlets for the second time in less than two days.
A market survey by DAILY POST showed that NNPCL raised its petrol price to N1,335 per litre on Wednesday from N1,270 per litre on Tuesday.
This means that the state-owned filling station increased its fuel price by N65 per litre.
The new price has been implemented at NNPCL filling stations in Wuse Zone 6 (Berger), Zone 4, and other outlets in Abuja and its environs.
Recall that on Tuesday, NNPCL increased its petrol pump price by N115 per litre to N1,270 per litre.
The latest increase comes amid continued petrol price volatility in the country’s downstream oil sector following Dangote Refinery’s resumption of the sale of refined petroleum products in U.S. dollars.
DAILY POST reports that crude oil prices rose by nearly 4 percent on Wednesday as airstrikes intensified in the Middle East.
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