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Cybersecurity is no longer an IT issue alone. It is a national security priority. Around the world, governments are experiencing rising levels of ransomware, identity abuse, and supply-chain compromises. In Nigeria, where public services are rapidly digitizing, the stakes are especially high. Every breach risks eroding citizen trust, disrupting essential services, and exposing sensitive data. 

Recent attacks on critical infrastructure globally underscore the reality: ministries, departments, and agencies (MDAs) are attractive targets. Their legacy systems, budget constraints, and skills gaps create vulnerabilities that cybercriminals are quick to exploit. Nigeria is not immune. As public sector data becomes digitized and interconnected, the country must move from reactive defenses to proactive, zero-trust cybersecurity models. 

The Current Threat Landscape 
The challenges are multifaceted. Many agencies rely on legacy IT systems that were not built with modern security requirements in mind. Flat networks make it easier for attackers to move laterally once they breach an entry point. Identity theft and phishing attacks exploit weaknesses in staff awareness and outdated authentication systems. 

Meanwhile, ransomware gangs and state-sponsored actors are becoming more sophisticated. They target critical systems healthcare, utilities, financial regulators knowing that service disruption pressures governments into paying ransoms. Supply-chain attacks add another layer of complexity: vulnerabilities hidden in third-party software updates or vendor systems can cascade into government operations without warning. 

Global Lessons in Zero-Trust 
Governments across the globe are responding by pivoting to zero-trust security architectures. Zero-trust is not a single technology but a mindset: assume no user, device, or network is trusted by default. Access is granted only when verified, continuously monitored, and limited to the bare minimum required. 

For Nigeria, adopting zero-trust means modernizing identity and access management (IAM), deploying multi-factor authentication (MFA), segmenting networks into smaller zones, and enforcing least-privilege access. This must be accompanied by real-time monitoring and continuous verification of every request, whether it comes from inside the ministry or outside. 

Countries like the United States have mandated zero-trust adoption for federal agencies by specific deadlines, linking cybersecurity investments to broader digital transformation programs. Estonia, a pioneer in digital government, has paired strong identity management with resilient backup systems that ensure continuity even during cyber incidents. These examples highlight the need for a roadmap that balances policy, process, and technology. 

AI and Incident Readiness 
Technology alone cannot close the gap. Agencies must build operational resilience through well-drilled incident response processes. Security operations centers (SOCs) powered by AI can enhance threat detection by spotting anomalies faster than human teams. However, these SOCs must be paired with tabletop exercises that simulate ransomware or supply-chain breaches, ensuring leadership and staff know exactly how to respond. 

Public agencies should also extend cybersecurity readiness to critical infrastructure and operational technology (OT) systems (power grids, water supply, and transportation networks). A breach in these areas has cascading national consequences. Coordinated drills involving multiple ministries and private partners can build a culture of readiness. 

Supply-Chain Security and Standards 
Another critical area is supply-chain security. As agencies rely more on third-party software, cloud providers, and vendors, the risk of hidden vulnerabilities grows. Adopting software bill of materials (SBOM) requirements and conducting regular audits of vendor security practices are essential. By insisting on transparency from technology providers, government can mitigate risks before they reach critical systems. 

Advantages of Strengthening Cybersecurity 
Investing in modern cybersecurity practices brings several benefits: 

  • Reduced Breach Impact: Even if attackers penetrate one system, segmentation and zero-trust measures limit damage. 
  • Faster Recovery: Incident-ready teams supported by AI-driven tools recover more quickly, minimizing service disruption. 
  • Compliance and Trust: Citizens gain confidence that their data is protected, reinforcing the legitimacy of e-governance initiatives. 
  • International Partnerships: Strong cyber practices make Nigeria a more reliable partner in cross-border digital projects and global trade. 

Risks and Barriers 
Cybersecurity transformation is not without hurdles. Replacing legacy IAM systems and segmenting networks can be costly and complex. Risk-averse organizational cultures may resist change, leading to “cyber fatigue” among staff. Moreover, Nigeria faces a global skills shortage in cybersecurity, making it difficult to recruit and retain qualified professionals. 

Nigeria’s Roadmap for Action 
To overcome these barriers, Nigeria should prioritize a phased roadmap: 

  1. Policy and Mandates: Set clear deadlines for MDAs to adopt multi-factor authentication, IAM modernization, and network segmentation. 
  1. Capacity Building: Develop targeted training programs for government CIOs, CISOs, and IT staff, supported by partnerships with universities and private sector firms. 
  1. Incident Preparedness: Institutionalize tabletop exercises across ministries, involving both technical teams and policy leaders. 
  1. Vendor Accountability: Mandate SBOMs and vendor security attestations as part of government procurement. 
  1. Resilient Infrastructure: Expand cybersecurity protection to cover both digital systems and critical national infrastructure. 

Conclusion 
In the digital age, cybersecurity is the foundation of trust in government. Citizens will only embrace digital services if they are confident their data is safe and resilient systems can withstand attack. By moving from playbooks to practice, turning strategies into daily routines Nigeria can safeguard its digital transformation and set a standard for public sector cybersecurity in Africa. 


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The promise of digital government is that citizens can access critical services anytime, anywhere, without having to queue at physical offices or wade through excessive paperwork. From tax filings to healthcare, education to business registration, e-governance is meant to simplify life and increase productivity. But in Nigeria, this promise often runs into a fundamental barrier: unreliable connectivity and inconsistent power supply. 

Across the country, ministries, departments, and agencies (MDAs) are digitizing services and adopting cloud platforms. Civil servants are increasingly expected to collaborate virtually, while citizens are encouraged to engage online. Yet without reliable broadband and stable electricity, even the most sophisticated systems cannot deliver on their potential. This challenge is not unique to Nigeria. Globally, as public agencies migrate to the cloud and embrace hybrid work, uninterrupted connectivity has become mission-critical for productivity, service continuity, and inclusion. 

The Local Reality 
Nigeria’s broadband penetration has improved over the past decade, yet significant disparities remain. Urban centers like Lagos and Abuja are relatively well connected, while rural communities often rely on weak mobile signals or costly satellite options. Even where broadband exists, last-mile delivery is inconsistent, with frequent downtime. Electricity supply compounds the problem. Agencies in many parts of the country contend with daily power cuts, forcing them to rely on generators that increase operational costs and carbon emissions. 

For citizens, this means online portals that fail mid-transaction, mobile apps that time out, and government services that remain out of reach. For public servants, unreliable internet disrupts hybrid work, slows project delivery, and limits access to cloud-based collaboration platforms. In short, the nation’s digital divide is reinforced by a power divide. 

Global Parallels and Lessons 
Countries facing similar infrastructure challenges have adopted creative approaches. In India, community Wi-Fi hubs combined with digital kiosks extend access to government services in semi-urban and rural areas. In Latin America, cloud-first government architectures are being paired with offline-tolerant mobile applications, ensuring that services can continue even when connectivity drops. In parts of Africa, solar-powered community centers have emerged as multipurpose hubs providing connectivity, power, and government services under one roof. 

The lesson is clear: governments must design for resilience, not perfection. In contexts where brownouts and bandwidth bottlenecks are common, digital government must work both online and offline. 

Possible Solutions for Nigeria 
To bridge the gap, Nigeria should pursue a three-pronged approach: 

  1. Targeted Last-Mile Broadband 
    Investments in broadband expansion must prioritize underserved areas. Partnerships between government, telecom operators, and development finance institutions can accelerate rollout, particularly if bundled with public service kiosks. These hubs could double as connectivity centers where citizens access healthcare enrollment, tax services, and agricultural subsidies. 
  1. Offline-First Digital Services 
    Public sector IT teams must embrace “offline-first” design principles. This means mobile applications and portals should allow users to start, save, and complete transactions even when internet access is intermittent. Data can synchronize once connectivity is restored. Edge caching and lightweight mobile interfaces optimized for low bandwidth can make services accessible to more citizens. 
  1. Hybrid Work Infrastructure 
    For government workers, secure collaboration stacks such as Microsoft Teams for Government or Zoom for Government can be paired with dial-in numbers, SMS verification flows, and asynchronous workflows. These tools ensure that even when internet bandwidth is limited, critical meetings and decisions can continue without disruption. 

Advantages of This Approach 
If Nigeria can make progress in connectivity and power reliability, the benefits will be far-reaching: 

  • Resilience and Continuity – Government services remain functional even during shocks such as natural disasters, pandemics, or security incidents. 
  • Inclusion – Citizens in rural and underserved areas gain access to the same quality of services as those in cities. 
  • Talent Retention – Hybrid work options attract and retain skilled workers who value flexibility. 
  • Cost Efficiency – Cloud-first architectures reduce the need for heavy on-premises investments, while community hubs spread costs across multiple agencies and partners. 

Risks and Constraints 
However, there are challenges to navigate. Scaling cloud adoption introduces recurring operating costs (OPEX) and financial management complexities, especially as usage grows unpredictably. Without offline alternatives, digital exclusion could worsen for those without access to smartphones or reliable mobile data. Finally, electricity reliability remains the foundation. Without sustainable power solutions, connectivity projects may fail to reach their potential. 

Nigeria’s Path Forward 
The pathway to resilient digital government lies in acknowledging reality: brownouts and connectivity gaps will not vanish overnight. Instead, Nigeria must adopt design strategies that assume disruption and build resilience into every service. Offline-first applications, hybrid work tools, and community-based access hubs are not just stopgaps, they are strategic enablers of inclusive digital governance. 

Furthermore, investments in solar-powered microgrids, localized energy solutions, and regional broadband backbones will create the long-term infrastructure needed to sustain progress. Development finance institutions and donor agencies can play a catalytic role by funding pilots, subsidizing rural connectivity, and supporting public-private partnerships. 

Conclusion 
The digital transformation of government cannot wait until every village has fiber-optic broadband and 24/7 power. By designing for brownouts, Nigeria can ensure that its citizens experience the benefits of digital government today while laying the foundation for tomorrow’s fully connected state. In this way, digital governance becomes not just a vision for the future, but a practical reality that works under Nigeria’s current conditions. 


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Digital identity has become one of the most critical enablers of modern governance. Across the world, governments are accelerating digital service delivery, expanding e-governance platforms, and embedding artificial intelligence into decision-making. Yet, at the center of this transformation lies a simple but profound requirement: every citizen must be verifiably known, securely recognized, and seamlessly connected to the services they need. 

For Nigeria, the journey toward a unified and citizen-centric digital identity has been underway for more than a decade. The National Identity Number (NIN) has become the cornerstone of this effort, serving as a unique identifier for millions of Nigerians. However, despite progress, challenges persist fragmented systems across ministries, agencies, and departments; uneven levels of digital literacy; and infrastructure limitations that make universal adoption difficult. 

The situation is not unique to Nigeria. Countries across Africa, Asia, and even parts of Europe are grappling with similar issues. Governments want secure, interoperable, and inclusive digital ID frameworks that protect individual privacy while simplifying service access across borders. The global lesson is clear: a digital ID must go beyond being a number in a database. It must become a functional tool that citizens can use in their everyday lives whether applying for healthcare, receiving subsidies, or conducting business across regions. 

The Problem of Fragmentation 
At present, Nigeria’s digital identity ecosystem is fragmented. Citizens often maintain multiple identifiers across institutions tax numbers, voter cards, bank verification numbers, driver’s licenses, all of which operate in silos. This not only increases the cost of governance but also creates inefficiencies for both citizens and the state. For example, applying for government benefits may still require repetitive data entry, verification delays, or cross-checks that consume valuable administrative resources. 

Globally, advanced models of digital identity have focused on consolidation and interoperability. The principle is simple: “one citizen, one ID,” operational across multiple platforms and ministries. In India, for example, Aadhaar has been integrated into a wide range of public and private services, enabling millions to access welfare programs, open bank accounts, and authenticate transactions instantly. In the European Union, digital identity wallets are being piloted to enable secure cross-border authentication, ensuring that a citizen of one member state can access services in another. 

Toward a Federated Identity System 
For Nigeria, the viable and beneficial path forward lies in adopting a federated model of digital identity one that balances central consolidation with decentralized access. This means a citizen could use their NIN or a secure digital wallet to authenticate across ministries and service providers, but without creating a single monolithic database vulnerable to misuse or breaches. Privacy-by-design principles must guide this model: strong data protection rules, citizen consent mechanisms, and redress channels in case of errors or abuses. Mobile-based digital wallets offer an especially promising approach. With smartphone penetration increasing, Nigerians could use secure apps that carry digital versions of their IDs, linked to biometrics and supported by strong authentication protocols. 

Enhancing Trust Through Zero-Trust 
An often-overlooked component of digital identity is the need for trust, not only between the citizen and the government but also within the government itself. Ministries, departments, and agencies must adopt zero-trust access models. This means civil servants and contractors are granted only the minimum level of access needed to perform their duties, with continuous verification and monitoring in place. By embedding zero-trust principles into identity management, Nigeria can reduce fraud, prevent misuse, and strengthen confidence in digital government platforms. 

Opportunities and Risks 
The advantages of a consolidated and interoperable digital identity system are significant. Citizens benefit from faster and fairer service delivery – prefilled forms, unified access to benefits, and reduced bureaucracy. The government gains better auditability, lower fraud rates, and improved policy outcomes through accurate, timely data. 

Yet, risks must be acknowledged. Weak governance could open the door to surveillance abuses, misuse of biometric data, or vendor lock-in if proprietary systems dominate the ecosystem. Nigeria must therefore establish clear regulatory frameworks, enforce open standards, and ensure that privacy and human rights are safeguarded from the outset. 

Nigeria’s Path Forward 
To transition from NIN as a static identifier to a dynamic, citizen-centric digital identity system, Nigeria should prioritize three actions: 

  1. Interoperability Mandates: Enforce open standards across ministries and service providers, ensuring seamless: cross-platform usage. 
  1. Citizen-Centric Wallets: Deploy mobile and offline-friendly digital wallets that meet international standards while accommodating local realities. 
  1. Governance and Redress: Strengthen privacy legislation, establish independent oversight, and create citizen-friendly redress processes for identity disputes. 

Ultimately, the goal is not just to create a number that verifies who someone is but to build a system that enables opportunity, fairness, and trust. By learning from global best practices while tailoring solutions to Nigeria’s unique challenges, the country can transform its digital identity into a true engine of inclusion and development. 

As Nigeria accelerates its digital transformation, the question is no longer whether digital identity is necessary it is how fast and how well it can be implemented to serve every citizen. 


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Across Africa, governments are racing to digitize services, modernize operations, and meet the expectations of a young, connected population. Yet a persistent skills gap in artificial intelligence (AI), cloud computing, data stewardship, and service design threatens to stall transformation. 

Civil services—traditionally risk-averse and process-heavy—often struggle to recruit, retrain, and retain the talent required to lead in this new era. The result is a widening gap between shelves and delivery capacity

Why the Skills Gap Matters 

Digital transformation in the public sector is not simply about deploying new technology—it is about rethinking how governments serve citizens. Without the right skills, initiatives risk being underutilized, misaligned with user needs, or abandoned altogether. 

For example, AI literacy is becoming essential for everything from regulatory decision-making to fraud detection. Cloud fluency is critical for scaling secure, cost-effective services. Service design ensures that digital platforms meet real citizen needs rather than replicating analog inefficiencies. Without these competencies, governments face slower adoption, lower trust, and missed opportunities. 

Pathways to a Skilled Civil Service 

1. Competency Frameworks and Academies 
Governments need structured learning pathways—covering AI, data, cloud, and cybersecurity—tailored to roles at every level. Prompt-engineering playbooks and role-based certifications can move digital knowledge from abstract to actionable. 

2. Cross-Functional Delivery Teams 
When policymakers, technologists, and operations leaders collaborate, innovation accelerates. Agile pilots, sandboxes, and “learn-by-doing” projects allow civil servants to test solutions in safe environments before scaling. 

3. Industry and Academic Partnerships 
Internships, secondments, and joint research programs can inject cutting-edge expertise into public institutions while offering civil servants practical exposure to industry best practices. 

The Upside of Investing in Skills 

A digitally capable civil service does more than keep pace with technology—it drives outcomes that matter to citizens: 

  • Faster and safer tech adoption through informed decisions. 
  • But that reduce friction for citizens and businesses. 
  • Higher retention and morale as public servants see their roles evolve and impact grow. 

Risks to Anticipate 

Even the best-designed programs face challenges. Training without deployment risks skills decay. Budget pressures may limit scale, while talent competition with the private sector could drain skilled officers. Governments must therefore pair learning initiatives with real projects and create incentives that encourage career growth within the public sector. 

The Way Forward 

For Africa, the question is not whether civil services will adapt—it is how fast and how effectively. Building AI-ready, cloud-fluent, citizen-centered workforces requires deliberate investment, institutional partnerships, and a shift in culture from risk aversion to innovation. 

If governments can close the digital skills gap, they will not only modernize service delivery but also strengthen public trust and competitiveness across the continent. 


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Cloud computing has become the backbone of modern business, powering everything from customer platforms to AI-driven analytics. Across Africa, organizations are rapidly migrating workloads to global hyperscalers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. This shift promises scalability, speed, and cost efficiency. Yet it also introduces new risks (cloud concentration, escalating costs, and rising demands for data sovereignty) that boards can no longer ignore. 

The Concentration Risk 
Many African enterprises rely heavily on a single cloud provider to host critical services. While this simplifies operations in the short term, it creates strategic vulnerabilities. Outages, contract disputes, or geopolitical tensions can disrupt mission-critical processes with little warning. Global regulators are beginning to recognize this systemic risk. In some markets, financial institutions are already required to demonstrate exit strategies or multi-cloud plans to reduce dependence on a single provider. 

Boards should ask management to identify “single points of failure” in their cloud strategies and to develop cloud concentration risk frameworks. This includes plans for workload portability, exit clauses in vendor contracts, and clear service-level agreements (SLAs) that define penalties for downtime. 

The Cost Governance Challenge 
Cloud services are often billed on a usage basis, which can lead to budget surprises as data volumes and AI workloads grow. Without strong governance, costs can spiral as departments launch new applications or scale AI experiments. Emerging best practices such as FinOps (financial operations for cloud management) help organizations monitor usage, allocate costs to business units, and forecast spend. Boards should require regular reporting on cloud expenditures and insist on dashboards that track unit economics, particularly as AI adoption accelerates. 

Digital Sovereignty Pressures 
Beyond cost and concentration, data sovereignty is gaining prominence in Africa. Countries including Nigeria, Kenya, and South Africa are tightening requirements for where sensitive data must reside and how it can be transferred across borders. For organizations in regulated sectors such as banking, healthcare, and government services, compliance with these rules is a board-level responsibility. Boards need to ensure that management defines data residency guardrails before deploying new workloads or AI pilots that handle personal or critical data. 

Practical Actions for Boards 

  1. Approve a Cloud Concentration Risk Strategy 
    Require management to present mitigation plans, including multi-region or multi-cloud resilience for mission-critical workloads. 
  1. Mandate FinOps Practices 
    Establish policies for continuous cost monitoring, usage forecasting, and executive-level reporting to prevent waste. 
  1. Define Data Sovereignty Guardrails 
    Ensure legal, risk, and technology teams collaborate to meet local data residency and privacy requirements before launching new projects. 

The Board Advantage 
By addressing cloud concentration, cost governance, and sovereignty in tandem, African boards can strengthen operational resilience, negotiate better vendor terms, and avoid regulatory penalties. These actions not only protect the organization but also build investor confidence that the company can grow sustainably in an increasingly digital economy. 

Cloud is the engine of digital transformation, but without informed oversight, it can also become a source of hidden risk. Boards that act now will safeguard their organizations while unlocking the full value of cloud innovation. 


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Artificial intelligence (AI) is no longer a distant frontier. Across Africa, it is shaping how businesses manage risk, compete for customers, and create value. Yet for many organizations, AI remains a technology applied to operations or customer service, not to the boardroom itself. As regulatory pressures grow and market dynamics accelerate, forward-looking boards are beginning to ask a new question: how can AI be integrated into governance to improve oversight and decision-making? 

The opportunity is significant. AI systems excel at analyzing large, complex datasets and identifying patterns that humans may overlook. For boards charged with stewarding strategy and risk, these capabilities can enhance everything from financial oversight to sustainability reporting. In an era of rapid digital change, AI can help directors move from reactive supervision to proactive leadership. 

Practical Pathways for Integration 

African boards can begin by applying AI in three key areas: 

  1. Enhanced Risk Management and Compliance Monitoring 
    AI tools can continuously scan internal and external data: financial transactions, cybersecurity logs, regulatory updates to flag anomalies or emerging risks. For example, natural-language processing can sift through changing data-protection laws in multiple jurisdictions, alerting directors to new obligations such as Nigeria’s Data Protection Act 2023 (NDPA) or South Africa’s POPIA. Machine-learning models can identify early indicators of cyber intrusions or supply-chain vulnerabilities, enabling faster and more informed board responses. 
  1. Improved Board Decision Support 
    Generative AI and predictive analytics can summarize market trends, competitor moves, and stakeholder sentiment, giving directors deeper insight before critical votes. AI-powered dashboards can integrate financial performance, ESG metrics, and operational data into easy-to-interpret visual reports, allowing boards to focus on strategic discussion rather than data gathering. 
  1. Strengthening Talent and Succession Planning 
    Boards are responsible for ensuring that management teams have the right skills for a digital economy. AI-driven talent analytics can help directors evaluate workforce capabilities, predict skill gaps, and benchmark executive performance. In markets where digital talent is scarce, this intelligence supports more targeted recruitment and retention strategies. 

Governance Considerations 

Integrating AI into board processes is not without risk. Data quality, algorithmic bias, and cybersecurity must be carefully managed. Boards should establish clear policies on how AI systems are selected, trained, and audited. Independent assurance, whether through internal audit or third-party review helps build trust in AI outputs. Directors must also ensure that AI complements rather than replaces human judgment. The board remains ultimately accountable for decisions, even when AI tools inform those decisions. 

Steps for Boards to Take Now 

  • Approve an AI Governance Charter that defines roles, responsibilities, and oversight mechanisms for any AI used in board activities. This should align with recognized frameworks such as the NIST AI Risk Management Framework (AI RMF 1.0) and draw on standards like ISO/IEC 42001:2023 for AI management systems. 
  • Pilot AI-driven reporting tools in committees where data complexity is high, for example, audit, risk, or sustainability committees. Starting small allows directors to test functionality and refine protocols before scaling. 
  • Upskill the board through targeted digital and AI education. Directors should understand AI fundamentals, ethical considerations, and key regulatory trends, including the potential extraterritorial effects of laws like the EU AI Act on African firms trading with Europe. 
  • Refresh board composition to include at least one member with digital or AI expertise, ensuring that oversight is informed and credible to investors and regulators. 

The Bottom Line 

AI is redefining competitive dynamics across Africa, and the boardroom is no exception. By integrating AI into governance practices, African boards can strengthen oversight, accelerate strategic insight, and demonstrate leadership in responsible innovation. Those that act now will not only keep pace with regulatory demands but also set a new standard for corporate excellence in the digital age.


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Cybersecurity is no longer a back-office concern, it is a boardroom priority. For African organizations, the stakes have risen sharply as digital transformation accelerates and attackers exploit both technological and governance gaps. Whether it’s ransomware disrupting operations, supply-chain breaches exposing sensitive data, or insider threats undermining trust, cyber incidents carry financial, legal, and reputational consequences that demand active oversight from boards of directors. 

The global regulatory environment is reinforcing this urgency. In the United States, the Securities and Exchange Commission (SEC) introduced new cybersecurity disclosure rules in 2023 requiring publicly listed firms, including African companies with U.S. listings or depository receipts to report material cyber incidents promptly and to describe how their boards oversee cyber risk. While these rules apply primarily to U.S. markets, they signal a broader trend: investors, regulators, and customers worldwide increasingly expect boards to demonstrate clear, measurable cyber governance. 

For African companies aiming to attract foreign investment, enter international markets, or partner with global firms, these expectations set an implicit standard. Even where local regulations remain less stringent, failure to meet global norms can damage reputation and restrict market opportunities. Nigeria’s Data Protection Act 2023 (NDPA), South Africa’s Protection of Personal Information Act (POPIA), and Kenya’s Data Protection Act are early indicators that African regulators are moving in the same direction. Boards that act now can get ahead of these changes while protecting their organizations from costly breaches. 

Practical Steps for Boards 

  1. Establish or Empower a Board Cyber/Risk Committee 
    Create a dedicated cybersecurity or risk committee, or strengthen an existing risk committee’s mandate. This group should receive regular briefings on threat intelligence, security investments, and key performance indicators such as time-to-detect and time-to-contain. 
  1. Run Cross-Functional Incident Simulations 
    Tabletop exercises involving legal, operations, and communications teams help directors understand how disclosure decisions are made under pressure. These simulations test crisis protocols and reveal gaps before a real incident occurs. 
  1. Demand Independent Assurance 
    Require management to provide third-party risk assessments, penetration test results, and progress reports on identity management and zero-trust architectures. Independent assurance gives the board confidence that controls are effective and evolving with new threats. 
  1. Integrate Cyber Risk into Enterprise Strategy 
    Cybersecurity should not be treated as a technical silo. Boards need to see cyber resilience embedded into business continuity planning, mergers and acquisitions due diligence, and supply-chain oversight. 

The Payoff for Proactive Oversight 

Boards that embrace cyber resilience enjoy multiple benefits: faster and more coordinated responses to attacks, improved investor confidence, and stronger readiness for disclosure requirements in multiple jurisdictions. Early action also protects customer trust, an increasingly critical differentiator in competitive African markets. 

Cyber threats will continue to evolve, but boards that take ownership of this challenge can turn risk into opportunity. By embedding cyber resilience into governance practices today, directors can protect their organizations, strengthen stakeholder trust, and position their companies for sustainable growth in a digital-first economy. 


Nigeria’s payments business moves quickly, and it is easy for strategy, budgets and delivery to drift apart. When that happens, teams work hard but value slips, decisions slow down, and the story to the Board becomes unclear. There is a practical fix. Put the Chief Strategy Officer, Chief Financial Officer and Chief Technology Officer on one plan, one page and one weekly rhythm, and make them jointly responsible for progress. When the three work this way, the CEO gets a clear line of sight to value and the Board sees steadier results with fewer surprises.

What each leader brings

The CSO keeps the work tied to the outcomes the company is trying to achieve now. They cut through long lists and set a simple order: do the few things that matter, in the right sequence, with clear measures everyone can understand. They also keep the message consistent so staff, partners and regulators hear the same story.

The CFO makes money follow evidence. Funding is released in stages, not promised once a year. Budgets move towards streams that show progress and away from those that do not. This gives the work discipline without slowing it down, and it helps the company change course without drama.

The CTO turns clarity and funding into delivery that people can trust. They organise teams around the few priorities that matter, publish honest progress, and raise issues early. Because there is one plan and one set of measures, time is not lost debating which work matters most.

How the alliance runs week to week

Keep it simple. Agree one plan with three active streams that genuinely move outcomes for the company this quarter. Set a short, fixed weekly meeting for the three leaders to confirm priorities, remove blockers and record decisions. End every session with a one-page update that the CEO can share with the Board. Use plain language. State what moved, what stalled, what decision is needed next, who owns it and by when.

Use five lenses to keep the conversation focused

  • Direction. Are we doing the right few things in the right order.
  • Delivery. What shipped, what slipped, and what changed as a result.
  • Performance. Which outcome moved this week and by how much.
  • Stakeholders. Are investors, regulators, partners and customers seeing the same progress.
  • Risk. Which two risks are rising, who owns the next step, and when it will be taken.

These lenses keep the meeting short and the Board paper clear. They also reduce the temptation to celebrate activity rather than results.

Make outcomes unmissable

Boards care about outcomes they can read in one glance. Pick a small set that reflects how the business actually succeeds. For a payments company in Nigeria, these often include adoption, authorisation, loss per ₦1m processed, uptime and impact on margin. Track them every week. If a stream is not moving one of these measures, the CFO pauses funding and the CSO reshapes or stops the work. The CTO focuses teams only where there is a clear path to impact.

Practical moves that work on the ground

When instant transfers, cards, QR, agent networks and platform upgrades all compete for attention, group streams by the outcome they drive. If the goal is higher authorisation, keep the work list short and specific: token coverage, retry logic and issuer routing, for example. If the goal is lower loss, focus on the few controls that shift losses without slowing genuine customers. When external timelines tighten, sequence what must land before public dates are set. Confidence grows because plans respect reality and evidence is shared.

What changes for the CEO and the Board

Decisions become faster and better because trade-offs are explicit and time-bound. Money, effort and results sit on one page, so progress is simple to judge. The message to the market becomes steadier because the company is talking about the same things it is actually delivering. Waste falls because funds move to the streams that change outcomes. The Board sees a company that is serious about choices and honest about progress.

A one-page update your Company Secretary can lift into the pack

Keep it to five short blocks:

  1. The two or three outcomes that matter most this quarter, with targets.
  2. The few streams tied to those outcomes, each with a named owner.
  3. What changed this week and the decision needed next.
  4. The short list of risks and who is handling them.
  5. A brief note to align teams and partners on the story and the next steps.

This page becomes the heartbeat of the programme. It also gives Audit, Risk and Strategy Committees a shared view, so oversight improves without extra meetings.

Why this approach suits Nigeria’s payments market

The sector is regulated, high volume and highly visible. Progress depends on clear choices, reliable delivery and a steady message to customers, partners and regulators. The CSO–CFO–CTO alliance fits this reality. It turns ambition into a small set of actions that move outcomes, and it gives Boards a clean way to judge whether the company is on track. Because the cadence is light and the language is plain, the approach travels well across product, operations and compliance.

If you want everyone pulling in the same direction, H. Pierson can co-create a plan with your CSO, CFO and CTO, or with the full executive team if preferred, using your priorities and language. We will make targets, owners and next moves clear. Then we will work with you to cascade it with key middle-manager groups.


Nigeria’s recapitalisation push is compressing time and raising governance expectations. For many carriers, consolidation—mergers of equals, anchored acquisitions, or selective carve-outs—offers a safer route to meet capital rules while simplifying portfolios and protecting franchise value. 

What Robust Insurance Deals Actually Achieve 

The strongest transactions do three things at once: close the capital gap; concentrate the book around advantaged lines and channels; and hard-wire governance and risk disciplines that withstand regulatory and investor scrutiny. Deals that miss any of these levers often store up integration drag or credibility risk later. 

Routes Boards Are Using 

  • Merger of equals to reach scale, improve loss ratios and reduce overhead—decision rights and culture guardrails set up-front. 
  • Anchored acquisition where a stronger carrier absorbs a weaker peer—valuation gaps bridged through earn-outs or deferred consideration. 
  • Portfolio carve-outs to release capital from non-core or high-loss units. 
  • Reinsurance-backed relief when capital efficiency beats dilution; treaty redesign considered early in the process. 

A Partnership Built for Cross-Border Confidence 

Consolidation only works if bankability and execution move together. Quoin brings a global investment-banking bench with an Africa-centred platform—senior practitioners with deep cultural fluency and a track record across the continent, connecting U.S. and diaspora pools to African opportunities. This reduces closing risk and improves the narrative for international investors.  
H. Pierson anchors the Nigerian side: regulator engagement, board governance, RBC alignment, and a disciplined programme office that steers filings and post-close integration—so the combined entity stays investable and operationally stable. 

Signals Your Consolidation Path Is Sound  

  • A one-sentence deal logic everyone can repeat—from call centre to boardroom. 
  • Customer continuity safeguarded (channels, claims, service levels) so revenue holds during integration. 
  • A simple story for regulators and investors that links capital impact, portfolio focus and governance uplift. 
  • Named leadership and culture guardrails to preserve momentum after close. 
  • A visible clock with clear milestones so diligence, approvals and integration move together. 

A Simple Next Step 

If this perspective is useful, we can share comparative lessons from recent African cross-border transactions on request.


Drawing on insights from the Advanced Payments & Fintech Report 2025 and our strategy consulting experience in Africa’s payments industry, this brief outline how Nigerian payment companies — and those entering the market — can turn disruption into competitive edge. The sector is expanding as cash use declines, mobile adoption rises, and the Central Bank drives interoperability. Yet competition is intense, with fintechs, bank-led wallets, and cross-border players converging on the same customers. Winners will be those who align technology bets with revenue growth, operational efficiency, and regulatory agility. 

1. AI as a Profit Driver 

Globally, 85% of leading PSPs use AI for fraud prevention, and over half for processing automation. In Nigeria, fraud risk inflates compliance costs and erodes merchant trust. 
Strategic play: Integrate AI into high-volume channels to detect fraud in real time and use AI-driven segmentation to upsell credit, FX, or insurance. In our advisory work, PSPs that applied AI in both fraud and customer analytics saw measurable gains within the first year. 
Impact: Lower fraud loss ratios, faster dispute resolution, and increased merchant lifetime value. 

2. Wallets and Super-Apps for Retention 

Mobile wallets are projected to hit 77% of global e-commerce value by 2028. Locally, mobile money penetration exceeds 50%, yet most wallets are undifferentiated. 
Strategic play: Expand payments into ecosystems with loyalty, micro-lending, insurance, and investment services. Integrate with retail and e-commerce for frictionless checkout. 
Impact: Higher transaction frequency, stronger customer retention, and diversified revenue streams. 

3. Cross-Border Payments as a Growth Channel 

B2B cross-border flows will rise from $401T in 2024 to $561T by 2030, while Nigerian businesses face high fees and slow settlements. 
Strategic play: Offer multi-currency virtual accounts for merchants and SMEs, and partner regionally to enable near-instant intra-African payments under AfCFTA. Our project work in this space shows that aligning treasury, compliance, and partnership strategy early can cut go-to-market time by months. 
Impact: Increased merchant acquisitionexpanded revenue beyond domestic flows, and improved working capital cycles. 

4. Blockchain for Merchant Trust 

Blockchain adoption will hit $162.8B globally by 2027, with PSPs using it to speed up settlement and improve transparency. In Nigeria, merchants often cite slow payouts as a top pain point. 
Strategic play: Use blockchain-based reconciliation for high-volume merchants, enabling faster, dispute-free settlements. 
Impact: Reduced churn, stronger merchant loyalty, and improved operational efficiency. 

5. IoT Payments for First-Mover Advantage 

The IoT payments market is worth $711B in 2024, with over 40B connected devices expected by 2027. Nigerian adoption is minimal, offering a niche opening. 
Strategic play: Partner with device makers to embed payments into fuel pumps, vending machines, tolling, and utilities. 
Impact: Revenue diversification, reduced cash leakage, and improved throughput in high-traffic locations. 

Execution Imperatives 

  • Differentiate beyond fees: Win on merchant experience, speed, and added value. 
  • Design for interoperability: Align with CBN’s vision and ensure seamless integration across bank and fintech systems. 
  • Leverage partnerships: Entrants can fast-track market penetration via alliances with banks, telcos, and agent networks. 
  • Anticipate regulation: Build systems that meet emerging CBN directives on AML, data privacy, and cross-border flows. 

Bottom Line: 
Our experience working with payment companies in high-growth African markets shows that the next three years will determine market leadership in Nigeria. Operators who embed AI, evolve into ecosystems, capture cross-border flows, and lead in blockchain and IoT will not just defend market share — they will expand it. Those who wait risk being locked out by faster, more agile competitors. 

Author

H. Pierson Business Advisory Team


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