General News
IIM-Africa Links Economic Recovery to Reliable Data, Information Management

The Institute of Information Management (IIM) has declared its plans to bring to the front-burner the need for information management as a tool for economic recovery and business integrity in Nigeria at this year’s public lecture/induction ceremony.
Speaking during a press conference to announce plans to honour different stakeholders in Nigeria and other parts of the world including Prof. Oluyemi Oluleke Osinbajo, vice president, Federal Republic of Nigeria, Dr. Oyedokun Oyewole, the Institute’s president/chairman Governing Council, said there can’t be a better time for this all important annual lecture than now in view of the present state of the Nigerian economy.
Dr. Oyewole, said that the need for Government to pay good attention to information management is further reinforced by the demand from Nigerians on the need for good governance and delivery on campaign promises made by the government, as the success of the new administration will critically depend on good information governance.
The Institute of Information Management (IIM) annual lecture, Induction / Investiture ceremony with the theme “Information Management as a Tool for Economic Recovery & Business Integrity in Nigeria” will hold on August 1, 2015 at the University of Lagos Main Auditorium, Akoka, Yaba, Lagos.
He said, “Government should be committed to increasing transparency and access to information, and should therefore ensure appropriate powers, resources and enforcement procedures are in place to facilitate data and information sharing amongst various government agencies. This amplifies the focus the Economy needs to have on information management when collaborating to maximize economic recovery.
“This is not about relinquishing sensitive data. In noting the importance of good data to promote foreign investments, create value, support sound government policy and promote business integrity in the Country. Knowing what you have and where it is will be a sure-fire means to ensuring the protection of sensitive material”.
The President, IIM-Africa, added that in Nigeria today, it should already be a no-brainer that bringing good practice, standards and systematic governance to the management of data and information ought to be a national priority.
“There is need for the new government to endorse effective information management, which will ensure transparency, accountability, good governance and access to information which becomes an essential aspect of the resources and infrastructure required for economic recovery and promotion of business integrity in government and the society at large and a consequent increase in economic value.
“Government should ensure that all government agencies are held accountable for service delivery by assessing what needs to be done in preparation to make plans and decide what choices and risks that will shape those plans. The shape of such an assessment should be to establish a small task force with responsibility for developing an action plan; review the current condition of information content and supporting infrastructure in all government agencies and parastatals; and map the output from the review against best practice to identify necessary actions, because the time is now to start preparing for MAXIMUM ECONOMIC RECOVERY!”
According to him, the need to develop the Information Management industry cannot be over-emphasized, as successful nations and organizations in the future will depend on how well they enable information to be appropriately managed by professionals thereby ensuring confidentiality, integrity, completeness, and preservation of Information for better decision making and use.
Aside the Lectures, the event will also feature the conferment of the Institute of Information Management (IIM) Fellowship on individuals who have made substantial contribution to the development of the Information Management and Technology profession, its practices or the Institute of Information Management itself and Honorary Fellows on other professionals with backgrounds outside of Information Management field but are identified as having made significant contributions that impact on the profession and the society or the Institute of Information Management.
Dignitaries expected to be honoured at the event include HE Prof. Oluyemi Oluleke Osinbajo, (SAN), Vice President, Federal Republic of Nigeria., HE Mr. Akinwunmi Ambode, Executive Governor of Lagos State, Alhaji Jani Ibrahim -Chairman/Technical Adviser Lubcon Group, Mr. Abayomi Sutton, Chief Amina Temitope Ajayi, Meic Pierce Owen, Chair – Information and Records Management Sociaty, UK, Engr Femi Okunade, Managing Director / CEO Xerox H.S (Nigeria) Limited, Rasheed Adejare Olaoluwa, Managing Director/CEO Bank of Industry Limited, Dr. Fidelis Ayebae, Managing Director, Fidson Healthcare Plc and Wale Tinubu – Group Chief Executive, Oando Plc.
Others are; Godwin Ogagaoghene – Assistant Corp Marshal Zonal Commanding Officer, Federal Road Safety Corps RS 2 Lagos, Oluwatoyin Sanni – Group CEO, United Capital Plc, Hanns Köhler-Krüner, Research Vice President – Gartner, Subhasis Kesh – Chief Executive Officer , Globe Geosolution Private Limited, as well as many other MDs and CEOs of major Institutions, Information Management and Technology firms among others.
Other categories of inductees include Graduate, Associate, Professional, Senior Professional and Corporate.
The highlight of the event, will be the official Launch of the Institute of Information Management Intervention Program tagged “Data Access Intervention Initiative (DAII)”.
On what Data Access Intervention Initiative (DAII) stands to achieve, he said, “The Data Access Intervention Initiative (DAII) is a program developed by the Institute of Information Management (IIM), aimed at promoting access to information for effective service delivery in the society.
“Individuals and organisations should have access to information as at when needed, as effective data access will enable researchers, policymakers, technology developers and the public access to information, use and share knowledge for informed decisions.
“The initiative is developed to assist in identifying and perusing into the information needs of various sectors of the society, including developing solutions aimed at meeting those needs. With DAII, individuals and organisations will be able to access reliable and accurate information to meet their information needs.
DAI is ultimately expected to facilitate an industry movement to connect citizens to various services like healthcare, education, real estate etc.
The Institute of Information Management (IIM) is the premiere professional membership driven Institute in Nigeria and Africa, approved by the Federal Ministry of Education (FME) with the consent of the Attorney General of the Federation serving the emerging field of Records, Information, Archives, Data, Security, and Document Management Professionals, with partnership and affiliation with different international organizations like the Information and Records Management Society (IRMS), UK, Professional Evaluation and Certification Board (PECB), Canada, Online Business School UK, The International Association of Privacy Professionals, The International Records Management Trust UK, Information Requirements Clearinghouse USA, Information Governance Conference USA, Tribal Group, Information Matters etc.
The Institute of Information Management is strategically positioned to help government and professionals in both public and private organizations in Nigeria and Africa to develop the required frameworks, tools and culture needed to build capacity by improving professionalism in this essential field, as required in various disciplines including finance, administration, engineering, construction, project management, procurement, IT, communications etc.
Sound policy, clear standards, competence, certification, research and effective processes are all aspects of first-class information management programs that the Institute of Information Management unique faculties has got to deliver through our various learning and professional development programs, aimed at empowering information management professionals globally.
General News
Nestlé Commits to Boosting West Africa Solar Rollout Through Partnership

Renewable energy firm Daystar Power Group has expanded its installed solar capacity across West Africa through a partnership with Nestlé, bringing total deployments to 6,884 kilowatt-peak (kWp), or nearly 7 megawatts (MW), in what the company describes as one of the largest commercial and industrial solar partnerships in the region.

Four manufacturing facilities across Nestlé sites in Côte d’Ivoire, Ghana and Senegal are now operational, with installations located in Abidjan, Tema and Dakar.
Daystar Power has installed 3,447 kWp across two sites in Abidjan, Côte d’Ivoire. In Ghana, a 2,547 kWp system powers Nestlé’s Tema factory, while in Senegal an 890 kWp installation operates at the Dakar facility.
The company said each system is designed to deliver measurable environmental impact, including reduced greenhouse gas emissions and improved energy resilience.
The installations are tailored to local operational and grid conditions to ensure reliable renewable energy supply while supporting Nestlé’s net-zero ambitions and its commitment to reducing greenhouse gas emissions.
“Nearly 7MW across four Nestlé facilities is a number we are proud of, but what it represents matters more than the figure itself. It means that one of the world’s most demanding manufacturers has tested our model, trusted it, and come back. Our job now is to keep earning that across every market where industry needs energy it can count on,” said Yischai Beinisch, CEO of Daystar Power Group.
Samer Chedid, CEO of Nestlé Central and West Africa Region, said: “This investment reflects our commitment to building a business that not only grows but does so responsibly.
“By advancing solar energy projects in Ghana, Côte d’Ivoire and Senegal, we are embedding sustainability into our growth, reinforcing our role as a force for good, creating long-term value for communities and ensuring that our footprint actively contributes to a cleaner, more resilient future.”
General News
NCGC, SMEDAN Partner on MSME Financing Support

The National Credit Guarantee Company Limited (NCGC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a Memorandum of Understanding (MoU) aimed at supporting access to finance for Micro, Small and Medium Enterprises (MSMEs) in Nigeria.

The agreement was signed at the NCGC headquarters in Abuja and outlines areas of cooperation between the two agencies, including financial literacy programmes, credit guarantee support, capacity building, and other initiatives targeted at small businesses.
Speaking at the signing ceremony, NCGC Managing Director and Chief Executive Officer, Dr. Bonaventure Okhaimo, said the partnership is intended to provide a framework for expanding financing opportunities available to MSMEs.
According to him, small and medium-sized enterprises play a significant role in economic activity and employment generation across the country.
Okhaimo said NCGC has facilitated ₦32.78 billion in credit and provided over ₦13.09 billion in guarantees through its partnerships with financial institutions. He added that 1,478 businesses and entrepreneurs have benefited from the financing interventions, with 1,682 jobs reportedly created or sustained.
Also speaking, SMEDAN Director-General, Charles Odii, said the collaboration would enable the agency to connect more small businesses with available financing opportunities, particularly Nano and Micro enterprises that often face challenges accessing credit.
The two organisations said the partnership would also involve stakeholder engagement and awareness campaigns to provide information on financing options and the use of credit guarantees in lending arrangements.
The agreement forms part of ongoing efforts by both agencies to support enterprise development and improve access to financial services for small businesses across the country.
Observers say access to finance remains one of the major constraints facing Nigerian MSMEs, making collaborations between public institutions an important aspect of broader economic development initiatives.
General News
Elon Musk Loses Trillionaire Status as $500Bn Vanishes in Days

Elon Musk is no longer a trillionaire after a sharp global sell-off in technology stocks wiped an estimated $500bn (£379bn) from his personal fortune.

Elon Musk
The billionaire entrepreneur Elon Musk had recently become the first individual to reach the trillion-dollar milestone following a record-breaking listing surge for his rocket company SpaceX earlier this month.
However, shares in SpaceX have since fallen by around 30% from their peak, while Tesla was also caught in a broader technology market downturn on Tuesday, June 23.
His net worth now stands at $957.1bn, according to analysis by Bloomberg, while calculations by Forbes suggest his fortune previously peaked at $1.45tn last week.
The drop in Musk’s wealth over the past week exceeds the total fortune of Larry Page, whose estimated net worth stands at just under $297bn.
The decline comes amid two consecutive days of losses on Wall Street, with more than $89bn wiped from Tesla’s market value after its shares fell 5.8% on Tuesday. Chipmaker Nvidia also dropped 4.1% during the same session.
Traders have warned that further volatility may follow after memory-chip producer Micron Technology prepares to release its third-quarter results, amid concerns that artificial intelligence valuations may be overheating.
Investment bank Goldman Sachs cautioned that AI-linked stocks could be vulnerable if there are signs of slowing investment from major tech firms.
Ben McKeown, an investment manager at Dowgate Wealth, said Musk’s fortune remains highly exposed due to its concentration in two major holdings.
He said: “The old adage is, you concentrate to build wealth and diversify to keep it. Musk is the most extreme example of this.
Almost his entire net worth sits in Tesla and SpaceX, which have been extremely volatile, especially SpaceX as the shareholder base starts to be unlocked and becomes free to sell.”
Musk had briefly become the world’s first trillionaire on June 12 following the listing surge of SpaceX, which saw its shares jump as much as 67% in its first three days of trading after an IPO that valued the company at more than $1.8tn.
However, the stock later fell for three consecutive sessions, erasing around $928bn in market value from a peak of $2.9tn to just over $2tn, before a slight recovery.
The scale of his recent wealth decline is now considered the largest on record, surpassing his previous loss in 2022 when his fortune fell by an estimated $165bn amid a slump in Tesla shares.
Another billionaire affected by recent market turbulence is Larry Ellison, whose net worth peaked at around $400bn last September before falling to approximately $210bn following a major sell-off in Oracle shares.
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