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IIBA-Nigeria, PwC Highlight Big Data Changing Business Analysts’ Role

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Olusola Osinoiki, senior manager/ proposition lead, Enterprise Data Solutions, PwC, United Kingdom (middle)‎ with team of IIBA Nigeria- Lagos City Chapter, during the Chapter's June 2015 meeting on the theme "The Enterprise Value of Big Data in Business Analysis‎", ‎held in Lagos on Thursday.
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The International Institute of Business Analysis (IIBA), (Nigeria), and the PwC have reiterated the need for business analysts to acquire the right skills and develop the right approach to leverage ever expanding concept of ‘BIG DATA’, to better enhance their organisations’ efficiency.

According to IIBA, the Business Analysts changing roles are evident in creating avenues for “stakeholders to understand the structure, policies and operations of an organisation and to recommend solutions that enable the organisation to achieve its goals”.

How Big Is Big Data?
According to the International Data Corporation (IDC), in 2011, 1.8Zetabytes, approximately 1.8 trillion Gigabytes of information were created worldwide; in 2012, the number reached 2.8Zetabytes and estimated to hit 40Zetabytes.

It is believed that 2.0Zetabytes of data is equivalent to 57million iPads.

Speaking at IIBA Nigeria- Lagos City Chapter, June 2015 meeting on the theme “The Enterprise Value of Big Data in Business Analysis‎”, ‎Olusola Osinoiki, senior manager/ proposition lead, Enterprise Data Solutions, PwC, United Kingdom, said that the concept has become now pronounced following the emergence of cloud-based technology.

In live demo using World Beta technology to measure global data creation, he found that 74.8 billion active app sessions were recorded within an hour the IIBA meeting started.

According to him, in as much as the Internet will cause ‘disruptions’ in organisations and the society in general, the important of Big Data revolves around using right skills to harness accurate data to make informed decisions.

Meanwhile, a study by PwC tagged “Key Trends in Human Capital 2014: A New vision for Growth” told the story of a downturn with a very noticeable human capital impact that “those that had survived some harsh workforce cuts were left disengaged, with the youngest generation of workers suffering the most”.

“Today, the story is very different. The regions hit hardest are accelerating out of recession and organisations are focused again on growth. But the recovery has brought with it some familiar problems – low employee engagement, wage inflation in some markets and most importantly, skills shortages”.

In a similar ‎study PwC found that availability of key skills and talents remains a priority for CEOs as 55% of them are determined to increase their headcounts in the next 12 months; 94% of whom are having robust diversity of strategy to place as a key step to solving their problems.

But, 73% of these CEOs are concerned about harnessing the right skills to drive growth, even as 64% CEOs fee their HR department is not well-positioned to address the changes required and opportunities for growth over the next 12 months.

How Big Data Change Business Analysis:
Taking a cue from the study, Osinoiki said that HR professionals and Business Analysts in Nigeria are expected to adapt to the new world of work as strategic workforce planning becomes a critical differentiator in organisations.

He said agility and business designs in organizations are data driven while business intelligence, IT, cloud computing, among others are impacting business decision making processes around the world.

‎To be more relevant in the new era, Osinoiki affirmed that Business Analysts must not shy away from “thinking of the impact of self service; turn unstructured data into actionable intelligence; turn structured data into applicable intelligence. The truth is that Big Data is not new. It has been with us, but the internet and mobile devices have revolutionised the concept. We must think and act fast to sure our relevance in our respective organisations and the trend will continue to grow”.

HR With The Power Of Data
“With the right skills; having access to a deep reservoir of ‘BIG Data’, provides an organisation with opportunities to gather ‘BIG Analytics’ for right decision making in terms of investments, delivering on business plans, keep abreast of regulations and diversifying processes to be in line with international standards”, the Guest Speaker said.

Speaking to Nigeria CommunicationsWeek at the Forum, John Ojurabesa, director, Sponsorship and Marketing, IIBA Nigeria, said that ‎the concept of Big Data has completely changed the way business are currently managed and indeed the solutions the Business Analyst provide.

He said that the advent of cloud-based technology has ushered in an era where organisations are able to store and utilisevast amounts of data at a fraction of the cost and manpower required in the past.

“Current estimates suggest that we are creating over two quintillion bytes of data every day and approximately 90 per cent of the data that exists today was created in the past two years.

“Businesses have to respond to this growing amount of data and its complexity which include new risks and challenges of openness and security and the need to respond with instant feedback publicly like on Twitter businesses need to adapt to.

“With the right skills, access to a deep reservoir of big data provides organisations with the opportunity to gather ‘Big Analytics’ which in turn can provide CEOs with ‘Big Insights’ into their organisations,”Ojurabesa said.

The International Institute of Business Analysis (IIBA) is a non-profit professional association which commenced in October 2003 with the purpose of supporting and promoting the discipline of business analysis.

Over the years, IIBA helps business analysts develop their skills and further their careers by providing access to relevant content.

Thus,  the Director, Sponsorship and Marketing, IIBA Nigeria, encouraged other Business Analysts in the country to join IIBA Nigeria, adding that, “When you join IIBA, you become part of a global network of Business Analysts practitioners, and have access to a range of valuable benefits.

“Joining demonstrates your commitment to professional development, and unlocks access to a range of networking and development opportunities, learning opportunities and discounts”.


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EFCC Which Handles Sensitive Data, Financial Records has No Privacy Policy on Website- FiJ

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Economic and Financial Crimes Commission (EFCC) does not currently maintain a public privacy policy on www.efcc.gov.ng, its official website.

EFCC Which Handles Sensitive Data, Financial Records has No Privacy Policy on Website- FiJ

Ola Olukoyede, EFCC chairman, EFCC

This is despite partnering with the Nigeria Data Protection Commission (NDPC) to ensure data compliance according to findings by Foundation for Investigative Journalism (FIJ)

As a law enforcement agency, the EFCC handles highly sensitive personal data and financial records, but its main web portal does not currently provide a formal, publicly available privacy policy detailing how user data is collected, stored, or processed.

According to the National Information Technology Development Agency (NITDA), all government websites are mandated to have privacy policies.

Section 10.4 (i, ii) of the NITDA Privacy Policy mandates all government websites to exercise diligence when collecting personal details or information about visitors to their websites.

It equally requires all government websites to incorporate prominently displayed privacy statements clearly stating the purpose for which information is being collected where the government institution seeks to or collects personal information from visitors through its website.

In addition, the Nigeria Data Protection Act (NDPA) 2023 requires every data controller to make a privacy notice available to citizens before or at the point of collecting their personal data.

That notice must state the specific lawful basis of processing, the purposes of the processing, the categories of recipients of the personal data, the existence of data subject rights, and the right to lodge a complaint with the Commission.

The law further states that such information must be contained in a privacy policy and expressed in a clear, concise, transparent, intelligible and easily accessible format, taking into consideration the class of data subjects targeted by the data processing.

However, on Monday, FIJ checked the anti-graft agency’s website and found that it had no privacy policy or privacy notice informing users how their personal data is collected, processed, stored or shared.

FIJ found that Nigerians can submit petitions to the EFCC on the website.

During this process, the website compulsorily collects personal data such as names, National Identification Numbers (NIN), email addresses, local government areas (LGAs), phone numbers and residential addresses.

Also, organizations and financial institutions (such as commercial banks) are legally mandated to share customer information and suspicious transactions with the EFCC to prevent financial crimes.

However, the website collects this information without specifically informing users what happens to the data they provide.

Ironically, in September 2024, the EFCC and the Nigeria Data Protection Commission (NDPC) agreed to forge a partnership and collaboration towards strengthening cyber data protection in the country.

The agreement was reached in Abuja on September 18, 2024, when Vincent Olatunji, national commissioner and chief executive officer of the NDPC, led a delegation of management staff on a courtesy visit to Ola Olukoyede, EFCC chairman, at the commission’s corporate headquarters.

Despite partnering with Nigeria’s data protection regulator, the EFCC still has no privacy policy on its website.

At press time, the EFCC met none of the privacy policy requirements stipulated by both NITDA guidelines and the NDPA 2023.

 


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Moniepoint DreamDevs Bootcamp Second Cohort Set for Demo Day

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Moniepoint is proud to announce that the second cohort of its flagship DreamDevs Bootcamp is set to culminate in a Demo Day celebration on May 26, 2026, at its Ikeja facility. The event, themed “Training Done! Demo Up!”, will showcase the capstone projects built by participants following nine weeks of intensive, industry-grade software engineering training.

The DreamDevs Bootcamp is Moniepoint’s commitment to identifying and developing the brightest engineering talent across Africa. The nine-week intensive programme is designed to immerse participants in real-world, practical software engineering through a curriculum spanning Java OOP Foundations, Data Structures & Algorithms, Testing, MySQL & JDBC, Spring Boot APIs & System Design, Docker & Messaging Queues, Frontend UI & Cloud Infrastructure, and core Practical Software Engineering Concepts. In recognition of their commitment and effort, cohort participants are paid monthly throughout the duration of the programme.

The curriculum was developed by the Engineering Unit at Moniepoint and delivered in partnership with Semicolon, a leading technology education institution. Admission to the DreamDevs Bootcamp is highly competitive, with only top performers advancing through multiple stages of assessment, including a HackerRank technical test and an in-person code challenge, before earning a place in the programme.

Felix Ike, Co-Founder and CTO of Moniepoint, reflected on what the programme means to the company and the country, “Engineering excellence is a curated and intentionally built process that requires the right systems, resources, and time. The DreamDevs Bootcamp is our way of taking that responsibility seriously.

“We designed a programme that does not just teach syntax or frameworks, but develops engineers who can think, solve, and build at the highest level. Seeing graduates from our first cohort already thriving within our engineering team tells us we are on the right track, and we are excited to see what this second group brings to Demo Day.”

Some of the first cohort’s successful graduates are now active members of the Moniepoint engineering team, a testament to the programme’s effectiveness and its role as a genuine pipeline for world-class engineering talent.

The DreamDevs Bootcamp reflects Moniepoint’s broader mission to invest in Nigeria’s talent and build engineering capacity that can compete and lead on a global stage. Moniepoint looks forward to welcoming the second cohort to the fold and witnessing the innovative solutions they have built.


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FG Unveils Free Tax Dispute Resolution Platforms for Nigerians

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Federal Government on Monday unveiled digital platforms under the Office of the Tax Ombud, enabling Nigerian taxpayers to resolve tax-related disputes free of charge as part of efforts to improve fairness, transparency and accountability in tax administration.

FG unveils free tax dispute resolution platforms for Nigerians

Taiwo Oyedele

Taiwo Oyedele, minister of finance and coordinating minister of the economy, disclosed this during the launch of the Tax Ombud website, toll-free call centre and case management system at Stratton Hotel, Abuja.

Oyedele described the initiative as a major milestone in Nigeria’s fiscal reform agenda, saying the platforms would make tax dispute resolution more accessible to taxpayers nationwide.

“Taxpayers, regardless of location, can now engage more easily with the dispute resolution process without unnecessary administrative bottlenecks or delays, and the good news is that it is entirely free,” he said.

According to him, the Office of the Tax Ombud was established to strengthen taxpayer protection and boost confidence in Nigeria’s tax administration system.

He said the institution would serve as an independent and impartial platform for resolving complaints, mediating disputes and addressing systemic tax issues across the country.

Oyedele added that the initiative aligns with the Federal Government’s broader tax reforms aimed at simplifying tax administration, reducing arbitrariness, protecting taxpayer rights, encouraging voluntary compliance and building a globally competitive fiscal system.

“As we unveil these platforms today, let this mark a new era in tax administration in Nigeria, where taxpayers are treated not as adversaries but as partners in national development,” he said.

Minister of Information and National Orientation, Mohammed Idris, said Nigerians needed more awareness about the role of the Tax Ombud in supporting the economic reforms of President Bola Tinubu’s administration.

Idris said the government’s economic reforms were beginning to yield positive results, citing improvements in revenue performance and investment inflows.

Also speaking, Head of the Civil Service of the Federation, Didi Walson-Jack, described the platforms as citizen-centred reforms designed to improve public access to tax complaint resolution.

She said tax administration should not only focus on revenue generation but also on strengthening trust and confidence in public institutions.

Nigeria’s first Tax Ombudsman and Chief Executive of the Office of the Tax Ombud, John Nwabueze, said the office was established under Part Six of the Joint Revenue Board of Nigeria Establishment Act 2025 to promote fairness, transparency and efficiency in tax administration.

He said the digital platforms would allow taxpayers to lodge complaints online or through the toll-free centre, track cases in real time and access mediation services without resorting to prolonged litigation.

Executive Secretary of the Joint Revenue Board, Olusegun Adesokan, said the office was created to protect taxpayer rights and mediate disputes between citizens and revenue authorities at no cost.

Special Adviser to the President on Economic Affairs in the Office of the Vice President, Tope Fasua, said the Tax Ombud forms part of the broader tax reform agenda initiated by the Presidential Fiscal Policy and Tax Reform Committee.

He noted that the reforms are aimed at widening the tax net while exempting small businesses and low-income earners from additional tax burdens.

In June 2025, President Tinubu signed four major tax reform bills into law, including the Nigeria Tax Act, in what government officials described as a comprehensive overhaul of the country’s tax system.


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