General News
Nigerians are Conscious of the Power of IT- Angaye

Prof. Cleopas Angaye, is the director-general and chief executive officer, National Information Technology Development Agency (Nitda), a world class IT Agency totally committed to the transformation of Nigeria into an IT driven economy for global competitiveness through a faithful and creative implementation of an IT policy for Nigeria.With over 33 years of software development, 10 years of industry experience in USQA and more than 7 years of IT administration; Angaye is a leading light in ICT development in Africa. He has worked in various capacities as a senior systems analyst and programmer, senior research scientist among others, in various organizations. Angaye spoke on sundry issue in the industry.
Nigeria and IT Development
IT drives economy globally both in advanced, developing and under developed countries. Two years ago when I looked at the rating of Nigeria relative to other countries, we were in 151st position. But happily this year, Nigeria has moved up to 95th position. Then if we go a little bit backwards, about ten to fifteen years ago because of the liberalization of telecommunications sector where people can use free marketing and so on, the drive to actually do certain things on IT has improved. Right now, Nigerians are very conscious of the power of IT. The most interesting thing in IT is that it is distant invariant in the sense that you can sit here and do almost everything, from marketing, tourism, doing research, all sorts of things. And Nigeria is actually improving very fast in that area, even though there is still that digital divide between the urban, rural, and semi-urban areas. But we in Nitda are trying to see how we can narrow that gap. Rightly, in Nigeria we are actually developing with the available infrastructure.
Illiteracy and Effect on Development of IT
It does, but the internet facilities have so improved that we can equally write computer languages in our native language. Back in 2005/2006, I was coming up with a very good initiative, trying to provide IT in our native languages such as Igbo, Hausa and Yoruba, the three widely spoken Nigerian languages. I want to look at what we call in computer language, a compiler or assembler that can actually translate whatever we say in computer language into our languages. It will be very useful especially in driving areas like HIV and agriculture especially in Nigeria where there is a lot of farming. We can now produce computer assisted program like weather forecast to tell farmers when to farm, the best crops they can plant in an area, and how to do their irrigation systems. When people see that they can derive these benefits from using computers, there will be a lot of improvement. The Chinese, for instance, don’t speak English like us, but there are computers that use Chinese language. When I was in the US, anytime we develop a program/software in English, there are Chinese people there who translate it to parallel Chinese language and take it to their country. That is what I believe we should do. With the use of our native languages, our youths that are growing up (9 – 12 years) will appreciate the power of usefulness of electronics in our system. They will also appreciate e-government, where you can now bring government services closer to the people.
Nitda and Regulation of IT Sector
We are still providing standards and regulatory framework. If we go back to 2004, Nitda actually submitted a bill to the National Assembly which deals with cyber crime. There are lots of people who try to do cyber crime and spamming. Spam is a technique where you always receive unnecessary mails in your e-mail. We were not lucky enough, because that bill didn’t pass through. Currently, the spam mails are increasing. I am just trying to let you know some of the efforts Nitda has made. We also submitted a bill on IT. When I came on board in 2005, that bill was reinstated. Recently we partnered with Central Bank of Nigeria and we are sending a bill on e-transaction. You know that if you commit a crime through internet or electronic device, computer print outs are not tenable in court for now, because we don’t have that law already passed in the National Assembly. So, the e-transaction virtually covers all the areas that if you commit an offence via electronic means you are liable to be convicted. In January this year, we also discussed network security with our stakeholders – CBN, NCC, Ministry of Information and Communication, private and public sectors. And it is important, because any computer you use to log into the internet there is a unique address called IP address. IP address is unique, and can be tracked down from anywhere. That is why when there are cyber crimes; they can locate its origin. So we are discussing how we can actually inhibit cyber crimes, and bring cyber criminals to book. Those guidelines are still being reviewed by stakeholders. So apart from network security, Cyber Crimes Bill, Nitda Bill, we are also looking at other areas of IT guidelines, so as to also incorporate them into establishing standards and guidelines for the country.
IT Infrastructure in Nigeria and Other Countries
Compared to countries like US, UK, Germany and so on, we may not be well developed. But in terms of developing countries, in Africa and Asia, we are coming up. We may not be as good as countries like South Africa. The government is trying a lot especially in the power sector. Most of the areas of infrastructure we need are in the rural areas. And you may know that some of those areas don’t have constant power, so getting internet access is very difficult especially in the areas where we also have creeks, thick vegetation and so on. However, the provision of VSAT and other facilities have made it possible to get to some areas. We have an initiative which we call Rural Internet Information Technology Centres (RIITC), we have developed over 50. In 2008, we had 10 in the country, last year we developed 11, this year we have got over 40, in the Northern and Southern part of the country. What we do is, we provide VSAT, computers, printers, photocopiers, so those centres located in the rural areas are more or less mini computer centres, where people in the community can access the internet. The program is community-based, so Nigerians who are on holidays can go there to check their results, can do e-learning and so on because each of the system has well equipped e-learning facilities. You know we have 774 Local Government Areas, LGAs, and we haven’t been able to cover all of them, but the few we have covered are very useful to those communities. We are still doing that and most of the LGAs where they have been situated have cooperated very well.
Strategic Alliance with the Private Sector and Some International Organisations
We have alliance with some countries, for instance we have with United Nation University (UNU) in China. What we have is on e-government which is very useful in the sense that it means you use IT facilities to bring government nearer to the people. So, wherever you are, if you want to fill a form for instance, you can do it electronically. If you want to submit your visa application, you need not come to the city to do it. You fill, and then they give you appointment to come to the urban area. For instance, for United States’ visa, you have to do everything online, so e-government encourages good practices and so on. We also have an alliance with a university in South Korea, and more than 10 of our students are studying there. Some have come back with Masters, others are doing their doctorate degree in their University because of that alliance and exchange programme. We also have an alliance with the Korean government; back in 2006/2007 they donated $500,000.00 worth of computer equipment for Nigeria through the program. Those computers are located at ETC, – a company we have an MoU with for training. It is our outfit for training staff and public servants. We are also talking to Oracle, one of the best database systems companies in the world for us to have an alliance so that when they bring their systems here it can be subsidized, they can also sponsor our people and so on. Nigeria has had a strategic alliance with Microsoft since 2003, when we had a 3-years software agreement with them. This gave us the benefit of using Microsoft software like windows, power point, etc. The first agreement we had in 2003 had no operating systems. Now, when it expired in 2006, after reviewing what we had done with the first three years, we renewed it and now included operating system. In fact, Nitda supervises that agreement so any government organization that needs software, we have all Microsoft softwares. Through that relationship, we have also had some funding to execute some of our programs. They gave us some money and we used it to start training programs in the country.
Nitda and Authentication
Nitda actually authenticates original equipment and computer manufacturers and assemblers in the country like Zinox, Omatek, Speedstar. That authentication means that we have looked at these companies and said they are assembling good computers and any government agency that wants computers can buy from any of them. Through that alliance, in 2006, we came out with a programme which is called CANI-Computer for all Nigerians Initiative, where we wanted to pump half a million computers into the Nigerian system. The basic objective of that initiative is to make computer affordable for Civil Servants. Civil servants use computers in their offices, but when they go back home, they don’t have access to computers. Through that programme we collaborated with Microsoft, Intel, and some banks. Microsoft provides the softwares for the computers, Intel is the hardware producer. The objective is to bring the cost of computers down and that was why we brought in financial institutions. We want to make long term payment facility available to beneficiaries because most of our people do not have money. The idea was to spread payment for the computers across 24 months without interest. The scheme was available to core civil servants and the government made a lot of money available to support it and it ran for two years. When NITDA governing board came in, they reviewed our projects and commended it. We are trying to resuscitate that particular programme to provide computers because we also have a programme, “Catch Them Young”, which we also started in 2007. It is all about, if you go to advanced countries, most of the boys who are now gurus in computer programming start at a tender age. Even your children, if you put them in front of a computer, don’t teach them, they will explore and know better than you. If there is anything spoilt, they will correct it, because these things you use your brain to do it and that is why it is called knowledge economy. They are very innovative, so we believe that children of 9 – 12 years should be made computer literate. We launched the first programme in Kaduna State. We have now trained 100 students, and they were taken from local primary schools and gathered together to launch the programme. We make computers available to them the first day. The second day was interesting as most of them came with their parents and because we had graphics and computer games, we allowed them to play with it. After that, they had lectures on sending mail, talking to other kids etc. It was a very exciting programme, we also told their parents that instead of buying a television, buy a computer, because you can use it for lots of things. We also launched one at Edo State. The personal experience was that after teaching them for a week, where do we go from there? Because these students need computers to take them forward, because if you teach them for a certain period and they go without a working tool, it doesn’t make sense. So, we are planning how we can get fairly good computer systems for them. “Catch Them Young” programme is still alive because we want to make computers available, any state we go, after training them, we give them laptops. Let them explore, and we are doing this to create computer awareness, which is one of the crucial things that can take this country forwa
General News
Tech Firms Sack over 45,000 so Far in 2026

More than 45,000 jobs have been cut across the global technology sector in the first few months of 2026, according to data from RationalFX, signalling that the industry is still adjusting after a period of aggressive hiring rather than returning to a full growth phase.

“In 2025, automation, artificial intelligence, and sustained cost-discipline measures drove much of the downsizing, with entire departments restructured or eliminated in favour of leaner, AI-assisted workflows. This trend has continued full steam into 2026,” said Alan Cohen, analyst at RationalFX.
According to the report, if the current rate of redundancies is sustained, total layoffs in 2026 could surpass the 245,000 recorded in 2025.
The majority of these layoffs have been concentrated in the United States, with major companies continuing to trim their workforce despite stable core operations.
Amazon has announced approximately 16,000 job cuts this year, while Block has also reduced thousands of roles as it tightens operations and shifts focus towards artificial intelligence.
There are indications that further reductions may follow.
Meta is reportedly considering additional layoffs as it increases investment in AI infrastructure, while PayPal and Klarna are reassessing spending and hiring strategies amid ongoing uncertainty.
Established technology firms are also undergoing restructuring. Dell has reduced its workforce by around 11,000 over the past year as part of a broader reorganisation, while Salesforce has cut approximately 1,000 roles in 2026 while aligning its teams more closely with AI-driven products.
Outside the United States, layoffs have been smaller in scale but more geographically dispersed.
Australia has reported around 2,650 job cuts so far this year, followed by Sweden with roughly 1,923 and Netherlands with about 1,700.
Other markets have also been affected. Israel and India have recorded approximately 1,539 and 1,520 layoffs respectively, with Israel’s startup ecosystem particularly sensitive to tighter funding conditions, while in India, both startups and larger IT firms have reduced headcount as global client spending slows.
In Singapore, around 1,016 layoffs have been reported, reflecting a softer hiring environment across Asia’s major technology hubs, where companies are adopting a more cautious approach amid uneven demand.
Across Europe, job cuts have been comparatively limited but still noticeable.
The United Kingdom has recorded around 1,000 layoffs, while Czech Republic and Germany have seen smaller reductions.
The broader trend suggests that technology companies are shifting towards leaner operations and more defined priorities following years of expansion. Increasing investment in automation and artificial intelligence is also reshaping the types of roles in demand.
For employees, the impact is becoming increasingly visible, with hiring slowing and becoming more selective. While opportunities remain, companies are taking a more measured approach to recruitment compared to the rapid expansion seen in previous years.
Further credit… .storyboard18.com
General News
Jury Finds Elon Musk Liable for Misleading Twitter Investors

Elon Musk, a billionaire internet entrepreneur, was held responsible by a federal jury in San Francisco for deceiving Twitter shareholders during his contentious $44 billion takeover of the social media site.

Elon Musk
Following a three-week trial in a federal court in California, the verdict was handed out on Friday.
It found that Musk had made false and misleading representations in tweets that were posted in May 2022.
The jury concluded that at a crucial point in the purchase process, these remarks caused Twitter’s share price to decline.
Investor Giuseppe Pampena filed the action on behalf of stockholders who sold their Twitter stock between mid-May and early October 2022, a time when Musk’s commitment to closing the purchase was questionable.
Jurors determined that Musk violated US securities laws prohibiting deceptive statements capable of influencing market prices.
Legal representatives for the plaintiffs estimate potential damages at approximately $2.6 billion, exposing Musk to a significant financial penalty if the ruling is upheld.
In order to give Musk leverage to renegotiate the purchase price or back out of the transaction, plaintiffs contended that the statements were meant to lower Twitter’s valuation.
Musk finished the transaction in October 2022 after Twitter filed a lawsuit to enforce the arrangement, despite early attempts to end it. Later, he changed the platform’s name to X.
The ruling has been disputed by Musk’s legal team, which has confirmed plans to appeal and described it as a temporary setback.
For Musk, who has won a number of well-known court cases, the decision represents a rare setback.
Meanwhile, he was cleared in a separate defamation case in Texas and had also won a similar shareholder lawsuit in 2023 related to his 2018 tweets about taking Tesla private.
General News
SEC, NYSC Partner to Combat Ponzi Schemes

Securities and Exchange Commission (SEC) and the National Youth Service Corps (NYSC) have formalised a strategic partnership aimed at embedding financial literacy and anti-Ponzi education into the national service programme.

This is in a move to shield young Nigerians from the growing menace of fraudulent investment schemes.
The collaboration, sealed through a Memorandum of Understanding (MoU) signed in Abuja, marks a significant step toward strengthening investor education at the grassroots level by targeting thousands of corps members annually.
The agreement was executed by Emomotimi Agama, director-general, SEC, and Olakunle Oluseye Nafiu, his NYSC counterpart, at the NYSC headquarters.
At the heart of the initiative is the integration of anti-Ponzi scheme campaigns into the NYSC’s Community Development Service (CDS), specifically under its Education and Enlightenment arm.
The move is designed not only to educate corps members on identifying fraudulent investment schemes but also to cultivate a culture of responsible and informed investing among Nigeria’s youth population.
Under the terms of the agreement, the SEC will spearhead the development of comprehensive educational materials and training modules covering capital market operations, safe investment practices, and strategies for identifying and avoiding Ponzi schemes.
The Commission will also fund and facilitate specialised training sessions for selected corps members and NYSC officials, who will, in turn, serve as facilitators within their host communities.
The NYSC, on its part, will ensure the seamless integration of these training modules into its existing CDS framework. This will include structured workshops, sensitisation campaigns during orientation camps, and continuous engagement throughout the service year.
By leveraging its nationwide presence across all local government areas, the scheme is expected to amplify awareness and significantly reduce the vulnerability of young Nigerians to financial fraud.
Both institutions also pledged to collaborate on extensive public awareness campaigns using a blend of traditional media, digital platforms, and grassroots outreach initiatives.
In addition, mechanisms will be established for data sharing and performance tracking to assess the impact and effectiveness of the programme over time.
Speaking at the signing ceremony, Agama underscored the SEC’s longstanding commitment to youth development through the NYSC scheme.
He revealed that the Commission currently hosts between 160 and 180 corps members, one of the highest among public institutions in the country.
“We have consistently demonstrated our belief in the capacity of young Nigerians by providing them with opportunities to learn and grow within the capital market ecosystem.
“These corps members are not just participants; we regard them as integral members of our workforce. By equipping them with the right knowledge and values, we are preparing them to become ambassadors of sound investment practices in society,” he said.
Agama further emphasised that the initiative aligns with the Commission’s broader mandate of investor protection and market development, noting that early education remains a critical tool in combating financial scams.
In his remarks, Nafiu described the partnership as a milestone achievement and a key performance indicator for both organisations.
He commended the SEC for its proactive role in promoting trust and participation in Nigeria’s capital market, noting that the collaboration would have far-reaching benefits for the nation.
“It is important to catch them young,” he said, referring to corps members. “By instilling the right financial habits at this stage, we can prevent them from falling prey to Ponzi schemes and other fraudulent ventures.”
He assured that the NYSC would remain fully committed to implementing the agreement, adding that the execution phase would be carried out diligently to ensure maximum impact on Nigerian society.
The initiative comes at a time when Nigeria continues to grapple with the proliferation of Ponzi schemes and unregulated investment platforms, many of which have resulted in significant financial losses for unsuspecting citizens.
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