The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has announced the appointment of C.itp. Ambassador Olusegun H. Olugbile, MCPN, FNCS, as its Digital Economy Coordinator, effective January 1, 2026.

Ambassador Olugbile, who is currently the Chief Executive Officer of Araba Technologies Ltd, brings over 22 years of experience spanning the private and public sectors, with strong expertise in digital transformation, policy and diplomacy. A Chartered IT Professional and Fellow of the Nigeria Computer Society, he is also a National Policy Fellow of the NACCIMA/Abuja Chambers of Commerce Policy Advocacy Centre and a widely recognised figure in the global technology ecosystem.

Over the years, Olugbile has facilitated key national digital transformation frameworks that have contributed significantly to the growth of Nigeria’s digital economy. He has served for three consecutive terms on the United Nations Secretary-General’s Global Multi-Stakeholder Advisory Group on Internet Governance and holds the distinction of being an Honorary Ambassador for Internet Governance. His contributions have earned recognition from G-7 countries, the United Nations, the African Union and ECOWAS.

The appointment, according to NACCIMA, represents a major milestone in its drive to position itself as a central hub for Nigeria’s digital economy. In his new role, Ambassador Olugbile will lead the development and implementation of NACCIMA’s Integrated Digital Transformation Platform (IDTP), a comprehensive system aimed at modernising chamber operations and enhancing service delivery to members nationwide.

Speaking on the appointment, NACCIMA National President, Engr. (Dr.) Jani Ibrahim, said digital technology and innovation are critical to Nigeria’s economic development. He noted that the decision aligns with the Federal Government’s ambition of building a $1 trillion economy by 2030 and underscores the commitment of the Organised Private Sector to remain at the forefront of national digital transformation.

Ambassador Olugbile’s mandate will also include aligning NACCIMA’s digital initiatives with the National Digital Economy programme, in collaboration with international partners. He is expected to coordinate high-impact strategic programmes supporting the Federal Government’s five acceleration vectors of Knowledge, Policy, Infrastructure, Innovation/Capital/Entrepreneurship (ICE) and Trade.

The association said the appointment is expected to strengthen coordination and industry support for the Organised Private Sector, while enabling NACCIMA to structure digital projects capable of attracting credible local and international support for enterprise development.

Before this appointment, Olugbile served as the pioneer Chairman of the ICT/Digital Economy Trade Group at the Abuja Chamber of Commerce and Industry (ACCI) and as an expert member of the National Advisory Committee on Electronic Commerce (NACEDE). His numerous honours include the Thomas Sankara Leadership Prize for “Pan African Technology Icon of the Year,” recognition as the first Cybersecurity Advocate by the Nigerian Computer Society at the National IT Merit Awards, and inclusion among the 100 leading telecoms and digital economy personalities in Nigeria by the Association of Telecom Companies of Nigeria (ATCON).

Founded in 1960, NACCIMA is the apex body of the organised private sector in Nigeria and the institutional chair of Nigerian business. It serves as the umbrella organisation for city, state, sectoral and bilateral chambers of commerce, promotes an enabling business environment, fosters economic growth and leads strategic advocacy and high-level engagement with government and international partners on behalf of the private sector.

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TECHDIGEST – The Executive Council members of Abuja Chamber of Commerce and Industry (ACCI) congratulates Amb. Olusegun Olugbile on his award of distinguished Certificate of Investitute, and the Thoma Sankara Leadership Prize as ‘PAN African Technology Icon Of The Year’.

The certificate was conferred on him in recognition of his corporate contributions towards National Development through the Technology sector in Africa.

Amb. Olugbile who dedicated the award to God and all stakeholders seeking good governance and development through technology, stated that a powerful delegation of Youth Partnership for Africa’s Development in Africa (YOUPAD) from Rwanda came to his office to confer the award on him earlier today.

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“It is extremely amazing for me, without knowing that some groups are watching and inspired by my work in Nigeria, ECOWAS, AU, and at United Nations. All excellent glory and honour belong to the Almighty God alone in my humble adoration always.”

ACCI Exco lauds this conferment of award on Amb. Olugbile who is passionate and dedicated to technological development in Nigeria.

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TECHDIGEST – The Deputy Governor of Central Bank of Nigeria, CBN, in charge of Economic Policies, Kingsley Obiora, has said that the eNaira launched by their apex bank will facilitate efficient, and reliable payments for electronic transactions.

He made this known while delivering his opening remark during the ‘Abuja eNaira Merchants Mega Events’ held at the Abuja Chambers of Commerce and Industry Conference Centre.

The event was organized by CBN, in collaboration with Arabatech, Pnail, and the Abuja chambers of Commerce and Industry, ACCI.

Obiora explained that the introduction of the eNaira by the CBN has immediately put Nigeria in the global spotlight as the first African country to launch the Central Bank Digital Currency (CBDC).

He said: “As a complement to the existing forms of CBN-issued legal tender currency, the eNaira serves as both a store of value and a medium of exchange, offering improved efficiency in Nigeria’s payment ecosystem.

“This event therefore seeks to bring together regulators, partners, merchants and other key stakeholders to further deepen the adoption of the eNaira, thereby enhance Nigeria’s quest for economic development that is supported by a world class payment system infrastructure”.

The apex bank Deputy Governor assured merchants that the CBN will continue to innovate and upgrade the eNaira platform to serve business and deepen the digital economy in Nigeria.

“Merchants such as petrol stations, supermarkets, e-commerce and other businesses not only have significant roles to play in driving the adoption of eNaira, but can also leverage on the opportunities offered by eNaira to improve cash management and make savings in operating the cost,” Obiora said.

He further disclosed that CBN has approved a reward scheme for merchants and other users of eNaira.

According to him, “This reward scheme includes providing merchants with the required promotional (marketing) materials, subsidizing the current merchant service charge by 50% and activation of a nationwide sensitization which early business adopters of eNaira can leverage on to market its wider adoption.

“Value added services on the platform includes branch/sub wallets, employees management (i.e roles and permissions) as well as interoperability with other enterprise applications.

“These services are provided in a secure environment as the eNaira platform was built using a very secure security protocol”.

On his part, President of the Abuja Chambers of Commerce and industry, (ACCI), Dr. Al- Mujtaba Abubakar, highlighted the importance of the eNaira project, saying: “If fully embraced, there are several benefits attached to it’s for the business community. Some of the benefits include; speedy delivery, safe, simple trading, transactional opportunities to customers and end users”.

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By Abbas Badmus

TECHDIGEST – The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, has urged Nigerians to come on board the new digital offering, as it has the capacity to increase Nigeria’s Gross Domestic Product (GDP) by $29 billion over the next 10 years, as earlier declared by President Muhammadu Buhari, while also eliminating failed transactions.

Emefiele stated this in Abuja at an eNaira Merchant Mega event organised by the CBN in collaboration with Arabatech and the Abuja Chamber of Commerce and Industry (ACCI).

Represented by Kingsley Obiora, the Deputy Governor, Economic Policies of the CBN, Emefiele said the event sought to bring together regulators, partners, merchants and other key stakeholders to further deepen the adoption of the eNaira and thereby enhance Nigeria’s quest for economic development that is supported by a world-class payment system infrastructure.

He assured that the apex bank will continue to innovate and upgrade the eNaira platform by partnering with Fintechs and putting in place a robust Help Desk to provide support for merchants and other users towards ensuring seamless adoption of the eNaira.

He noted that merchants such as petrol stations, supermarkets, e-Commerce and other businesses not only have significant roles to play in driving the adoption of the eNaira, but can also leverage the opportunities offered by eNaira to improve cash management and make significant savings in operating cost.

“More specifically, benefits to the merchants include reduced cash handling costs, elimination of failed transactions, instant settlement, increased speed of transactions, improvement in records keeping and elimination of challenges associated with giving change to customers, amongst others.

“The availability of eNaira payment options on e-Commerce merchant platforms such as Remita is expected to complement the existing digital payment system, translating to about a 50% increment in e-commerce transactions and at a lower cost. Also, the implementation of cross-border transactions in phase 3 of the eNaira project is expected to increase cross-border trade by about 30%

“Furthermore, a lower transaction cost is expected to increase the usage (transaction volume and value) of eNaira and improve income generation by businesses. In this vein, I am pleased to inform you that the Bank recently approved a reward scheme for merchants and other users of the eNaira. This reward scheme includes providing merchants with the required promotional (marketing) materials, subsidising the current Merchant Service Charge by 50% and activation of a nationwide sensitization that early business adopters of eNaira can leverage to market its wider adoption.

“It is imperative to note that the eNaira platform can now facilitate payments using QR Codes, USSD, Wallet ID and eNaira Wallet tag. Value-added services on the platform include branch/sub wallets, employee management (i.e., roles and permissions) as well as interoperability with other enterprise applications. These services are provided in a secure environment as the eNaira platform was built using a very secure security protocol” he said.

The President, ACCI, Dr Al-Mujtaba Abubakar, said the event was targeted at merchants, traders, cooperative societies, business associations, supermarkets, hotels, restaurant chains, service providers, private school owners, transporters, Small and Medium Business Enterprises among others, to help them understand the importance of the eNaira.

“This eNaira event comes at a good time to educate the business community on its benefits and importance because despite the high expectations and hype around the CBN digital currency, the eNaira, the business community is yet to embrace it fully. Newspaper research recently revealed that major retailers and vendors in the country are yet to adopt it about 10 months after the launch.

“If fully embraced, there are several benefits attached to it for the business community. Some of the benefits include; speedy delivery, safe, and simple trading and transactional opportunities to customers and end-users,” he said.

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By Abbas Badmus

TECHDIGEST – The Central Bank of Nigeria in Collaboration with Arabatech, Pnail and Abuja Chambers of Commerce and Industry have invited Nigerians business communities to participate in the upcoming Abuja E-Naira Merchant Event.

The mega event, scheduled to hold on Saturday, 27th August, 2022 at Abuja Chambers Of Commerce Convention Centre is expected to host participants including Merchants, Traders, Cooperative Societies, Business Association, Supermarket, Hotels, Restaurant Chains, Service Providers, Private Schools Owners, Transporters, Small and Medium Business Enterprises among others.

The e-Naira is a Central Bank of Nigeria digital currency backed by law and issued by the CBN as a legal tender. It is the digital form of the Naira used as cash.

As part of the benefits of the event, there will be empowerment and endless possibilities when one is enrolled as e-Naira Merchant Agents and equally onboard his business.

Participants are expected to reserve their seats by registering through clicking on the provided link or visit www.arabatech.ng or making calls through these phone numbers: 09086998710, 08098899277.

Recall that, e-Naira project is part of the digital financial inclusion programme of the Central Bank of Nigeria.

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