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Nigerians Urged to Embrace Entrepreneurship @ Adenuga Chair Lecture

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L-r - Chairman of the Occasion/ Pro- Chancellor & Chairman of Governing Council, Ajayi Crowther University, Dr. Olutoyin Okeowo, Vice Chancellor, Unilag, Professor Folasade Ogunsola, 1st Occupier of Dr. Adenuga jr. Professorial Chair , Unilag, Professor Sunday Adebisi, Mrs. Adetoun Adebisi, Chairman of Board of Trustees of Dr. Adenuga Professorial Chair, Professor Taiwo Osipitan and Registrar, Unilag, Mrs Olakunle Makinde during the first special annual lecture of Dr. Mike Adenuga jr. Professorial Chair in Entrepreneurial Studies at University of Lagos on Tuesday.
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To guarantee value creation in the country, Nigerians and governments at all levels have been urged to adopt a focus on “entepreneurship” as a matter of policy and conscious desire. In addition to addressing the problems of deprivation, hunger, unemployment, and emigration this will bring a lot of unofficial enterprises into the formal system.

Professor Sunday Adebisi, the first occupant of the Dr. Mike Adenuga Jr. Professorial Chair in Entrepreneurial Studies at the University of Lagos and also the director of the school’s Entrepreneurship and Skill Development Center, made the disclosure during his first special lecture on “Revolutionizing the Nigerian Economy to Create Jobs and Sustainable Wealth.” Tuesday at University of Lagos is “The Sole Ladder, The Sole Option, The Sole Platform.”

He opined that everything happening in and around Nigeria are daily presenting opportunities, and that its people would help the country generate enormous amounts of money if they were given guidance and well-thought-out regulations.

“Government should identify possible innovations in the areas of their strength and motivate the citizens to pursue enterprise opportunities there. The three tiers of Government must make a deliberate effort to support the democratization of innovation and entrepreneurship from the next academic session in all levels of education in Nigeria with a good monitoring team at all levels”, Professor Adebisi said.

In her remarks, the Vice Chancellor of the University of Lagos, Professor Folasade Ogunsola, lauded Dr. Mike Adenuga for his commitment to promoting entrepreneurship and entrepreneurial academic knowledge and skills acquisition through the endowment of the professorial chair.

According to her, the Adenuga Professorial Chair’s Board of Trustee’s determination is pushing the university closer to the fulfillment of a common goal between the donor and the institution by using the chair to jointly explore novel avenues that would not only address the economic challenges the nation faces “but also clear the way for our children to grow up in a sustainable and prosperous future”.

The lecture, according to Professor Taiwo Osipitan, Chairman of the Board of Trustees of the Dr. Adenuga Professorial Chair, was intended to examine how to incorporate entrepreneurship challenges and generate profitable employment in the nation.

In order to spark entrepreneurship research, pave a new path for entrepreneurship knowledge and practice, and foster the establishment of businesses in the context of our developing democracy, the Mike Adenuga Professorial Chair in Entrepreneurial Studies was established in 2008.

The Mike Adenuga Professorial Chair in Entrepreneurial Studies was instituted in 2008 to kindle Entrepreneurship Research, knowledge and practice, and enterprise creation in our nation’s fledgling democracy.

 


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NITDA, CAC Activate Cybersecurity Measures Amid System Concerns

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The National Information Technology Development Agency (NITDA) and the Corporate Affairs Commission (CAC) have initiated coordinated measures to strengthen cybersecurity following recent concerns affecting aspects of CAC’s digital systems.

Both agencies said they have activated response and assurance mechanisms in line with national cybersecurity frameworks to safeguard critical infrastructure and maintain service integrity.

NITDA reiterated that all Ministries, Departments, and Agencies (MDAs) must adopt proactive cybersecurity measures in compliance with the National Cybersecurity Policy and Strategy (NCPS) 2021.

The agency directed all MDAs to immediately review and reinforce their cybersecurity architecture to address emerging threats targeting government systems and sensitive data.

As part of the directive, MDAs are required to conduct comprehensive security assessments, remediate identified vulnerabilities, and strengthen access controls across critical platforms.

They are also expected to enhance data protection mechanisms, maintain effective backup and disaster recovery systems, and improve monitoring capabilities to detect and respond to suspicious activities.

In addition, there is the need for functional incident response frameworks, including prompt reporting of cybersecurity breaches for coordinated intervention.

Detailed cybersecurity guidelines have already been issued to MDAs for implementation as part of ongoing efforts to strengthen resilience across public sector digital infrastructure.

The measures are aimed at improving the overall security posture of government institutions and ensuring the continued protection of national digital assets.

NITDA reaffirmed its commitment to supporting government agencies in safeguarding digital systems and advancing cybersecurity best practices across the public sector.


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Nigeria Customs Deploys AI to Cover Revenue Leaks

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The Nigeria Customs Service (NCS) has rolled out an artificial intelligence (AI) driven capacity-building programme to improve revenue generation and reconciliation across its operations.

The initiative, unveiled during a three-day training event in Abuja, aims to transition the agency toward data-driven administration as Nigeria seeks to boost non-oil revenue.

The adoption of AI will enable the service to better manage complex trade systems, detect anomalies and reduce revenue leakages, says Bashir Adewale Adeniyi, comptroller-general of the NCS.

AI-powered tools are already being integrated into risk management and cargo scanning systems to allow for real-time analysis of trade patterns.

The technology marks a transition from manual, reactive processes to predictive and automated decision-making, Adeniyi adds.

The programme also reflects a shift in the relationship between the NCS and the National Assembly toward a collaborative framework focused on transparency and efficiency.

The training is a strategic intervention to address persistent gaps in revenue management, says Kikelomo Adeola, deputy comptroller-general of the NCS.

AI applications, ranging from automated data analysis to predictive intelligence, will significantly enhance the integrity of public financial systems, she says.

The initiative aligns with broader efforts to modernise governance and improve compliance across revenue-generating agencies, says Bamidele Salam, chairman of the House Public Accounts Committee.

Lawmakers and fiscal authorities at the event underscored the urgency of adopting advanced technologies amid rising budgetary pressures.

This move comes as the federal government increases scrutiny over revenue leakages and audit discrepancies.

The partnership between the NCS and the legislature is critical to strengthening fiscal discipline and ensuring all revenue due to the federation is accurately captured, Adeniyi concludes.


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Lagos Targets Vulnerable Residents in Expanded Social Register

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Lagos State Government has intensified efforts to strengthen its social protection framework with a fresh push to update the state’s Single Social Register.

Lagos Targets Vulnerable Residents in Expanded Social Register

Babajide Sanwo-Olu, Governor, Lagos

This was contained in a press statement on the government’s Facebook page on Wednesday.

The initiative, led by the Lagos State Ministry of Economic Planning and Budget, formed the focus of a strategic engagement held on Monday with Community-Based Targeting teams, local government coordinators and field enumerators across the state’s 57 Local Government Areas and Local Council Development Areas.

The meeting, themed “Closing the Gap: Accelerating Lagos State Single Social Register Update,” took place at the Radio Lagos Multipurpose Hall in Agidingbi, Ikeja.

Officials said the exercise is aimed at improving the accuracy and reach of the register, which serves as a critical tool for planning and delivering targeted social interventions, including financial support, healthcare and education services.

Speaking at the session, Ope George, commissioner for Economic Planning and Budget, commended field workers for their commitment while urging them to scale up their efforts.

He called on participants to be “more intentional by intensifying their commitment,” reaffirming the government’s resolve to “continuously strengthen and refine the Register to reflect evolving realities.”

Also speaking, Olayinka Ojo, permanent secretary in the ministry, described the register as central to effective governance and service delivery.

She said “it remains a cornerstone for effective planning and delivery of social intervention programmes,” adding that the ongoing update is designed to “further enhance data reliability, coordination, and service delivery outcomes.”

Ojo noted that sensitisation efforts would be expanded across all councils to ensure wider inclusion of residents, stating that “the advocacy and sensitisation will scale throughout the 57 LGAs and LCDA to give more to Lagos residents.”

According to the government, the updated register is expected to expand access to social protection programmes and improve the targeting of interventions for the most vulnerable populations.

The engagement also provided a platform for stakeholders to strengthen collaboration, improve data quality and reinforce transparency in grassroots data collection.

The state government reiterated its commitment to leveraging accurate data and partnerships to drive inclusive development, reduce vulnerability and improve living standards across Lagos.


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