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Experts Say Stable Policies, Economy Vital for IT Revolution

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(L-r): Professor David Adewumi, president, Nigeria Computer Society (NCS) and Chinenye Mba-Uzoukwu, managing director, Infographics limited, during #NCSENUGU2014
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Computer professionals under the umbrella of the Nigeria Computer Society (NCS) have said that Nigeria must address issues such as inconsistency in policies, economic instability and manpower development to make progress in the new knowledge economy.

The experts, who gathered in Enugu last week for the NCS national conference, also said that without stable polity and society, there will be no stable economy and that investments in the IT and other sectors will be threatened.

Speaking at the Conference, Sir Demola Aladekomo, group managing director of Chams Group, said that the use of improved knowledge and facilities that can provide and protect the economy has become vital.

Aladekomo, who chaired the opening session of the Conference and past president of NCS, said that the Society will not give up in highlighting the need for a knowledge based economy, which formed the major topic discussed at the conference.

He said, “The timing of the theme for this year’s conference is apt. Because, before you make development, you must build the society.

The theme of this year’s conference was: “Building a Knowledge-Based Economy in Nigeria: The Role of Information Technology”.

According to him, a knowledge based security system, (smart) roads accompanied close circuit televisions, among others will help stabilize the security in the environment, while helping the economy achieve greater results.

“I do not see any reason Nigeria will not gain in the current IT revolution having lost in the industrial revolution era. We see it in our children, especially incubators who have proven themselves at angel networks- hubs, providing operational networks,” he said.

Also speaking, Chris Uwaje, past president of the Institute of Software Practitioner of Nigeria (ISPON), said that the Institute views Nigeria as on the threshold of IT transformation following the prevalence nature of broadband and its price on downward trends.

“Indeed, the theme goes a long way to amplify what NCS has been pointing at for years. To take it further, ISPON stands that intellectual property and knowledge-based economy cannot be done without.

“Against that backdrop, broadband is a key factor in achieving all this as we expect it happen soon,” he noted.

 On his part, Mr Peter Jack, director general, National Information Technology Development Agency (NITDA), said that the country has all it takes to achieve a knowledge-based economy, however, all industry stakeholders should rally round the government, supporting her policies and contribute meaningful to towards the drive.

The DG who spoke through Mr Inye Kemabonta, a director at the Agency, said that NITDA has various prgrammes capable of launching the nation in comity of knowledge-based economy, provided industrial stakeholders’ supports are not lacking.

He said, “If we are talking about building a knowledge based economy, it goes beyond codes, but companies, local content, skills developments and sustainable institutions. Through programmes like iDEA (Information Technology Developers Entrepreneurship Accelerator), NITDA has succeeded in making Tinapa in Cross River State tech savvy area. We have a replica in Yaba, Lagos State and other centres on the way. NITDA needs industrial support to achieve even more.

He urges members on improved support for NITDA which is regarded as the voice of the industry in Government sphere.

Earlier, Professor David Adewumi, president of NCS said that the Society will not relent in efforts to sensitize stakeholders on the need to start embracing individual and organizational responsibility for technological growth that creates a better, brighter future for the nation.

He said that, dropping the prevailing analogue mentality in leadership starts with the mainstreaming of technology into all vital practices and programs, adding that a sincere embrace of those driving the society and economy is required.

“The nation fails when it fails to recognize those creating jobs faster and playing critical roles in the developing Nigeria’s knowledge economy.

“NCS therefore is using this medium to call for better and more strategic engagement with Nigerian IT professionals,” he said.

Adewumi also said that there is certainly a serious need for adequate representation of Nigerian IT professionals in decision and policy making in governance and critical sectors, while stressing that the knowledge economy in Nigeria is a joke without a strong technology sector.

 


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E-Business

Report Shows Start-ups Fuel Innovations in Africa

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Bloomberg has released its second annual “25 African Startups to Watch” list, underscoring the growing influence of venture-backed innovation across the continent.

Published thursday, the list highlights companies building solutions in “environments where infrastructure or systems have failed to deliver.”

The featured start-ups build solutions to challenges such as accessing healthcare in Chad, moving goods in Kenya, securing loans in South Africa, and safeguarding borders in Nigeria.

Nigeria, South Africa and Kenya jointly lead with four companies each, reflecting the ongoing strength of Africa’s three most visible start-up ecosystems.

The 25 companies span 13 countries and sectors including healthcare, fintech, security, climate resilience, waste management, and transport.

Nigeria’s four startups are 10mg Health, Remedial Health, Sycamore and Terra Industries, covering areas from healthcare financing and pharmaceutical supply chain integrity to digital lending and defence technology.

South Africa’s contingent includes Omnisient, Amesect, AURA and Jem. Omnisient uses grocery purchase data and AI to extend credit to those outside traditional financial systems.

Kenya’s notable four include Zeraki, a school-data analytics platform partnering with Safaricom to reach secondary students across the country.

According to Bloomberg, a defining theme this year is the source of funding.

Nearly half of the total capital raised by these start-ups came from African investors, marking a shift from previous years when international capital predominantly drove early growth.

International backers such as 8VC, controlled by Palantir Technologies co-founder Joe Lonsdale, and Google continue to see value in investing in African companies, Bloomberg noted.

The report also highlights that start-ups across the continent almost doubled their debt fundraising in 2025, even as equity financing from venture capital firms declined.

Separately, the Start-up Ecosystem Report 2026 states that Kenya has overtaken Nigeria as Africa’s top startup investment destination, attracting $984 million in 2025.

Jennifer Zabasajja, Bloomberg Television’s chief Africa correspondent and anchor, highlighted the dual significance of the list, the variety of solutions being built and the growing role of African-sourced capital in backing them.

She noted that the list comes at a consequential moment, one shaped by global disruptions, from the conflict in Iran to sweeping cuts in US foreign healthcare assistance, that have made the case for African-owned capital more urgent than ever before.


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NDPC Raises Alarm: Fake News, Data Abuse Could Destroy Nigeria’s 2027 Elections

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Nigeria Data Protection Commission has warned that the growing misuse of personal data and digital platforms could undermine Nigeria’s democratic process ahead of the 2027 general elections.

NDPC Raises Alarm: Fake News, Data Abuse Could Destroy Nigeria’s 2027 Elections

NDPC

The warning was delivered during the 2026 Press Week organised by the FCT Council of the Nigeria Union of Journalists in Abuja.

Speaking at the event, Vincent Olatunji, national commissioner and chief executive officer,  NDPC, who was represented by Itunu Dosekun, head of Media Unit at the commission, said disinformation and unlawful exploitation of personal data posed serious threats to credible elections.

The event had the theme: “2027 Election: Defending Democracy in the Era of Disinformation.”

Dosekun said the struggle for credible elections was no longer confined to polling units, noting that digital platforms had become major channels for manipulated narratives, fake news, propaganda and AI-generated misinformation.

According to him, the rapid growth of social media platforms, messaging applications and data-driven political campaigns has created vulnerabilities capable of influencing voter perception and weakening public trust in democratic institutions.

He warned that the abuse of personal data for political profiling and psychological targeting had become one of the most dangerous threats facing democracies worldwide.

“The misuse of citizens’ personal information carries serious social implications, especially for vulnerable groups who may not fully understand how their data is harvested, processed and weaponised online,” he said.

Dosekun noted that coordinated disinformation campaigns could inflame ethnic tensions, spread fear and discourage civic participation, particularly among young Nigerians.

He described the Nigeria Data Protection Act, 2023, as a critical legal framework aimed at protecting citizens against unlawful data processing and digital exploitation.

According to him, the law gives Nigerians greater control over their personal information while placing obligations on organisations, institutions and political actors to handle data responsibly.

Dosekun also called for stronger collaboration among political parties, media organisations, technology firms, civil society groups and citizens to promote responsible digital behaviour ahead of the elections.

He stressed the role of journalists and media professionals in combating fake news, fact-checking information and safeguarding public discourse.

According to him, protecting personal data should not only be seen as a privacy issue but also as a democratic responsibility necessary for maintaining public confidence, national stability and electoral credibility.

Stakeholders at the event emphasised the need for improved digital literacy, stronger regulation and increased public awareness to prevent the abuse of digital platforms during future elections.


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Anthropic Raises $65 Bn to Expand AI Research, Innovation

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Anthropic, artificial Intelligence company, has said that  it has secured sixty-five billion dollars in a new funding round, raising the company’s valuation to about nine hundred and sixty-five billion dollars.

Anthropic Raises $ 65 Bn to Expand AI Research, Innovation

The development places the company ahead of its rival, OpenAI, maker of ChatGPT, which was valued at about eight hundred and fifty-two billion dollars earlier this year.

Anthropic, founded by former OpenAI employees and led by Dario Amodei, chief executive officer, has emerged as one of the leading firms in the global Artificial Intelligence industry.

The company is widely recognised for its advanced coding capabilities and generative AI models, particularly its AI assistant known as Claude.

Unlike some competitors focusing mainly on general consumers, Anthropic has concentrated on delivering AI solutions to enterprise and business clients.

The company also says it places strong emphasis on AI safety while expanding its products and services amid growing competition in the sector.

Krishna Rao, chief financial officer of Anthropic, said the new funding would support the company’s research efforts and help meet rising global demand for its AI technologies.

Reports indicate that the investment round attracted major Silicon Valley venture capital firms, including Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.


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