Business
Broadband Access Will Translate To Productivity -Expert
An Information
Technology (ICT) expert, Dr Emmanuel Ekuwem, has said that broadband application would translate to productivity if well adopted.
Ekuwem, who is also the former President, Association of Telecommunications of Nigeria (ATCON), disclosed this in an interview with newsmen in Lagos, Saturday.
He said that according to World Bank report, every 10 per cent increase in broadband infrastructure penetration of a nation, would give a 1.3 per cent increase in Gross Domestic Product.
“One should imagine the multiplier effect when it goes up to 10, 15 per cent and 45 per cent as projected by Nigerian Communications Commission.
“Broadband will bring knowledge to our doorstep, knowledge to be empowered, to take decisions that will lead to productivity and good performance in business,’’ he said.
Ekuwem said that for broadband to be well adopted, every average Nigerian needed to understand how broadband would boost its daily activities.
He urged industry stakeholders within the digital ecosystem to popularise the benefits of broadband so that the public would know the enormous benefits attached to it.
“The moment in Nigeria people irrespective of area of engagement in the national economy see its productivity being boosted with access to broadband, the adoption would be wildfire.
“When broadband is applied, it will provide concept in education, having smart schools, smart laboratory, campuses, workshop, library hospital, surgery and others.
“A surgeon carrying out an operation may want to teleconference with other colleagues to get more contribution on the operating table and this can be possible through broadband connectivity.
“Also, a university professor will sit in his office and give lecture to his class without any physical movement, that is the essence of broadband access.
“It will ensure the surveillance of Nigerian geographic space and ensure the protection of lives and property in the country.
“The multiplier effect is simply enormous as broadband application will make way for Nigerians to adopt internet and things that are of good value.
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.