Business
NBTI Seeks Entrepreneurs’ Partnership On Made-In-Nigeria Goods
The National Board for Technology Incubation (NBTI) has urged entrepreneurs to partner with it to produce quality made-in-Nigeria products to fill the gap created by the ban on imported goods.
The Public Relations Officer, Mr Reuben Shagu, made the call in an interview with newsmen on Tuesday in Abuja.
Shagu said that the board regarded the entrepreneurs as partners in progress as it would always look out for them in terms of funding and in synergy with other agencies to enable them produce quality products.
He welcomed the ban on some imported goods into the country, saying that it would promote the patronage of locally made goods, especially by the entrepreneurs under the board’s mentorship.
“I want to encourage our entrepreneurs that they should not see NBTI as people who are coming to steal their ideas, but we are here to see how their products can be commercialised.
“The board has all the infrastructure and facility to help them flourish and it will be done in such a way that it will benefit them, humanity and improve on the economy of the country,’’ he said.
Shagu said that the initiative to ban some foreign goods that could be produced in the country would also help the country achieve economic stability, especially in the manufacturing sector.
He said that to make sure that the products met international standards, the board partnered with tertiary institutions to research on entrepreneurs’ products, especially those in the board’s Technology Incubation Centres.
“Most of our products are from universities, polytechnics, colleges of education and other conventional research institutes; this means that some of these products have been painstakingly researched into.
patronising them, the manufacturers will gradually improve their products,’’ he said.
NBTI currently has 27 Technology Incubation Centres across the six geo-political zones to nurture budding value-added and technology-based enterprises and speed up their commercialisation process.
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.
