ICRC – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Thu, 29 May 2025 07:47:59 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png ICRC – Tech | Business | Economy https://techeconomy.ng 32 32 EMOSIM Launches ‘Travel eSim’, Connecting 190 Countries https://techeconomy.ng/emosim-launches-travel-esim-connecting-190-countries/ https://techeconomy.ng/emosim-launches-travel-esim-connecting-190-countries/#respond Thu, 29 May 2025 07:47:59 +0000 https://techeconomy.ng/?p=159649 Emosim, a Nigeria Mobile Virtual Network Operator (MVNO), has officially launched its travel esim, enabling Nigerians to stay connected in 190 countries.

Emosim eSim provides borderless connectivity enabling Nigerians to stay connected while travelling to other countries with one sim globally.

The Enosim’s service offers voice, SMS, and data services to Nigerians even while abroad.

Delivering his speech during the launch on Wednesday, May 28, 2025, Jimmy Eboma, chairman and founder, Emosim, highlighted the recurring challenges Nigerian travelers and entrepreneurs face while they travel to other countries such as long queues to get a new sim, difficult verification exercise, and inability to connect with family and friends, all of which Emosim is solving.

Emosim launches eSim ---
L-r: Chief Operation Officer, EmoSIM, Aditya Khosla, Founder & CEO, TheHouse 48 Inc, Elvis Eboma, Group Chief Executive Officer, WAKANOW, Bayo Adedeji, Immediate Past Chairman, National Institute of Marketing of Nigeria (NIMN), Tony Agenmonmen, Director General, Infrastructure Concession Regulatory Commission(ICRC), Dr. Jobson Ewalefoh and the Immediate Past Executive Vice Chairman/Chief Executive Officer, Nigerian Communications Commission(NCC), Prof. Umar, Dambatta, during the Official Launch of EmoSIM(travel eSIM) in Lagos, yesterday.

Eboma, a firm believer in Africa’s unstoppable rise, said he foresees a continent where challenges ignite innovation, and where solutions born here redefine possibilities for the globe.

“Let me paint a picture many of you know too well. Imagine stepping off a plane in Dubai, London, or New York, thinking your phone will be buzzing with calls from loved ones, emails from clients, and instant access to maps to guide you.

But instead of connection, you face silence, roaming charges that drain your wallet, SIM cards that demand hours in foreign queues, and fragmented networks that leave you stranded. For too long, this has been our reality.

Today, that story changes. Emosim is not just a product. It is a revolution built on a simple truth: connectivity is not a luxury; it is a lifeline. With one tap, Nigerians and beyond now activate instant access to the world. No swaps. No shocks. No borders.

Emosim launches eSim ---
Dignitaries at the launch of Emosim eSIM in Lagos

“Our Emosim connects you seamlessly across 190 countries with 600 connectivity, turning complexity into simplicity, and frustration into freedom. This is not magic but Nigerian ingenuity, engineered for reliability, designed for you”, he said.

Prof. Umar Danbatta, former executive vice chairman of the Nigerian Communications Commission (NCC), highlighted how Emosim’s solution aligns with Nigeria’s communication goal and its contribution to the Nigerian economy.

He said:

Your work aligns perfectly with the broader strategic goals of the NCC and the Federal Ministry of Communications, innovation, and Digital Economy. It also supports the goals of the Ministry of Trade, as digital connectivity increasingly plays a critical role in commerce and economic inclusion.”

Danbatta expressed delight over the uniqueness of the solution for Nigerian travelers as it allows travelers to stay connected without the hassle of changing sim cards, and with a simple QR code scan or app-based activation, travelers can stay connected.

Also speaking, Bayo Adedeji, the group chief executive officer of Wakanow, stressed how the need to stay connected has continuously increased the foreign exchange outflow, emphasizing that Emosim’s solution will contribute significantly to the Nigerian economy, reducing the country’s foreign exchange outflow.

In his words:

Companies like ours we buy the eSIM from another company outside Nigeria. We bleed foreign exchange to that country. We buy it and then we resell it to travellers living in Nigeria. The Nigerian customer pays me naira. I pay the company that I buy the eSIM from in US dollars.

“Now, with a local organization, having that solution, it’s about 1.5 billion customers at Wakanow.com. It means that I can give that product to 1.5 billion customers and reduce the foreign exchange bleed out that happens in Nigeria.”

On his part, Dr. Jobson Ewalefoh, director general of ICRC, urged the government to create an environment for business to thrive, “to remove the barriers for business to grow, to create new conditions that allow you to be self-sufficient, which has nothing to do with dividing the willies of others, and for them to be able to succeed in what they do”.

Emosim launches eSim ---
A cross section of attendees

“The way Tata, the global giant in telecommunication, has believed in us and has partnered with us, I would like to look at that as a thrust that Nigeria is able to build across the globe, and Nigeria is looked at as an opportunity, and at the same time, seen as one of the leading emerging market countries”.

Also, Tony Agenmonmen, the immediate past President of the National Institute of Marketing (NIMN) congratulated Emosim for coming up with a solution to a common problem that confronts every traveler.

“And the fact that this is coming from a Nigerian company, by Nigerians, of course, with the support of Tata, I think it brings a kind of confidence that good things can come from Nigeria. And indeed, good things can come from our country”, he said.

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Nigeria Seeks $10 Billion Private Investment to Achieve 24-Hour Power Supply https://techeconomy.ng/nigeria-seeks-10-billion-private-investment-to-achieve-24-hour-power-supply/ https://techeconomy.ng/nigeria-seeks-10-billion-private-investment-to-achieve-24-hour-power-supply/#comments Wed, 13 Nov 2024 15:08:30 +0000 https://techeconomy.ng/?p=147522 The federal government of Nigeria has said there is an urgent need for private sector investment in the power sector, estimating that a minimum of $10 billion is required over the next decade to achieve a stable 24-hour power supply nationwide. 

This call was made by Minister of Power, Mr Adebayo Adelabu, during a visit from Dr Jobson Ewalefoh, Director-General of the Infrastructure Concession Regulatory Commission (ICRC). 

Adelabu clarified that solely relying on government funding is not feasible, given the competing demands of other essential sectors. 

He stated that the government’s approach includes enlisting the support of the private sector through concessions that would allow shared control while bringing in much-needed capital and expertise. 

The ICRC, which regulates such partnerships, will be key in overseeing these private investments to ensure they align with national infrastructure goals.

Ewalefoh emphasised that private sector collaboration is important for addressing Nigeria’s long-standing electricity challenges. The Public-Private Partnership (PPP) model, he noted, is essential for boosting infrastructure performance and securing additional funds. 

Given that over 85 million Nigerians lack access to reliable grid electricity, optimising existing facilities and building new ones has become imperative to meet the nation’s growing energy needs. 

In response, the ICRC has introduced a streamlined policy framework to facilitate PPP engagements. According to Ewalefoh, this six-point policy is designed to prevent delays in project execution and minimise risks posed by ill-prepared companies. 

The commission is also ensuring that each agreement includes strict conditions that nullify contracts if private bidders fail to meet specified requirements.

Both officials note that foreign direct investment in Nigeria’s energy sector would help revamp the electricity grid and stimulate economic growth. They agreed that enabling a reliable power supply would enhance Nigeria’s economy, benefiting both businesses and households.

This partnership-driven approach is expected to attract both financial investments and also technical expertise from international players, ultimately bringing sustainable energy solutions to Nigeria.

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ALTON Applauds NCC Boss for Quality Regulation https://techeconomy.ng/alton-applauds-ncc-boss-for-quality-regulation/ https://techeconomy.ng/alton-applauds-ncc-boss-for-quality-regulation/#respond Wed, 05 Jul 2023 07:36:56 +0000 https://techeconomy.ng/?p=106004 …As new revenue assurance regime begins in earnest

Engineer Gbenga Adebayo, the Chairman of the Association of Licensed Telecoms Operators of Nigeria (ALTON), has praised the exceptional leadership of the Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta.

He also commended the NCC’s commitment to quality regulation, attributing the success of the telecom industry in the country to the regulatory environment it enjoys.

Speaking at a meeting with mobile network operators on the implementation of the Expanded Revenue Assurance Solution (ERAS) in the telecommunications industry, held at the NCC’s office in Lagos yesterday, Adebayo expressed his pride in Danbatta’s remarkable administrative skills, challenging the notion that engineers are not good administrators.

He described Danbatta as an excellent administrator, highlighting his instrumental role in the growth and development of the industry.

Addressing the audience, Danbatta shared details about the implementation of the ERAS project.

He emphasized the collaboration between the NCC and the Infrastructure Concession and Regulatory Commission (ICRC), saying the ERAS project is being carried out through a Public-Private Partnership (PPP) arrangement, following the DFDDOT model (Design, Finance, Develop, Deploy, Operate, and Transfer), as recommended by the ICRC.

Danbatta acknowledged the efforts of the NCC in transforming the dream of the ERAS project, conceived in 2007, into a reality. He also underscored the project’s alignment with the Federal Government’s directive to enhance revenue collection and prevent leakages within ministries, departments, and agencies (MDAs).

By deploying the Revenue Assurance Solution, Danbatta said the NCC aims to optimize the revenue payable by licensed telecommunications service providers, thereby bolstering revenue generation for the government.

Initially designed to focus on telecom operators, who have not only become major industry players but have also expanded their services into the digital services ecosystem, the ERAS project underwent a significant expansion.

In June 2022, following a presidential approval, the NCC was directed to broaden the scope of the project to encompass the activities of Digital Economy stakeholders. Consequently, the project was renamed the Expanded Revenue Assurance Solution (ERAS).

The implementation of the ERAS demonstrates the NCC’s commitment to fostering transparency, accountability, and financial efficiency within the Nigerian telecom and digital services sectors.

Through the utilisation of accurate data and information, the ERAS aims to eradicate wrong computations, faulty data, and information leakages.

With the telecom industry playing a critical role in driving economic growth and enabling digital transformation, the ALTON Chairman’s commendation and the ongoing efforts of the NCC under Danbatta’s leadership highlight the commitment to creating an enabling regulatory environment that fosters innovation and sustainable development.

As the implementation of the Expanded Revenue Assurance Solution progresses, stakeholders within the telecom and digital services sectors eagerly anticipate its positive impact on revenue generation and the overall growth of the Nigerian economy.

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