E-Business
Alomo-Oluwa Seeks Intensification of IT Advocacy in Nigeria

Mrs. Funke Alomo-Oluwa, managing director, ChamsAccess Limited, has harped on the need for increased advocacy with regards to Information Technology in Nigeria, noting that the country could remain backwards if the sector is neglected.
Alomo-Oluwa made this known at the reception in honour of the newly inaugurated National President of the National Computer Society (NCS), Professor Sola Aderounmu, recently in Lagos.
Alomo-Oluwa who was the guest speaker and presented a paper entitled; “Nigeria Computer Society: The need for IT advocacy in Nigeria” said despite the growing presence, adoption, and influence of technology in the country, various factors still mitigate against the holistic development and advancement of the sector, a scenario which she declared is not helpful for the nation’s technological development and economic expansion.
According to her, “The development of Information Technology in Nigeria is hindered as a result of problems such as corruption and nepotism, poor procurement policies, and little or no IT governance. These issues negates the progress recorded and could further diminish them if not checked.”
The Managing Director, ChamsAccess Limited who identified a host of predicaments such as data mining by foreign countries, lack of knowledge and skill transfer, loss of national/military security intelligence to foreign forces, massive economic loss in international trade, lack of standardization, and low contribution of IT towards the nation’s GDP, as consequences of maintaining the status quo on ICT urged the relevant government regulatory authorities and industry stakeholders to massively devise strategies aimed at encouraging the development of the sector in the country.
She also noted that the use of IT can help bring about the needed accountability and transparency in public expenditures as craved for by the present government advised them not to repeat the mistake of past administration who sparsely patronised Nigerian IT firms for major capital projects.
In addition, she implored the NCS to ensure they promote the importance and membership of the society, engage in the continuous education of its members and young people through periodic seminars and workshops, push for the review and update of ICT laws in Nigeria, and help campaign for funding of start-ups in the IT sector.
Also speaking at the event, Mr. Peter Jack, director general, National Information Technology Development Agency (NITDA), who was represented by Dr. Armstrong Takang, said the agency would continue to collaborate with the NCS to uphold the standardisation of the ICT sector as a means to further position the country as a frontline IT player globally.
In his words, “NITDA continues to demonstrate its commitment to standardising and promoting regulations for IT practise in Nigeria and is ready to support the Nigeria Computer Society in the cause to drive growth of our IT sector by promoting Local Content initiatives and programmes through support for start ups and indigenous technologies.”
On his part, Professor Sola Aderounmu, the new president of NCS, said the leadership Nigerian Computer Society will remain committed to its goals and statutes which include uplifting the standards of the profession, safeguarding the interest of our members, By doing so, NCS will find its tasks easier, relations improved, and achievements and contributions to the growth and development of Nigeria enhanced.
The event brought together prominent professionals in the IT sector such as the Chairman of Zinox, Mr. Leo Stan Ekeh, Mrs Funke Opeke of Main One, Sir Demola Aladekomo, Founding Managing Director, Chams Plc, Ms Juliet Ehimuan Chiazor, Country Manager Google. and professionals from other sectors of the economy.
E-Business
Report Shows Start-ups Fuel Innovations in Africa

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

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
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.
E-Business
Anthropic Raises $65 Bn to Expand AI Research, Innovation

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.

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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