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PMB Should Engage Private Sector Urgently to Save Nigeria- Zinox Boss

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Leo Stan Ekeh, chairman of Zinox Group
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Leo Stan Ekeh‎ is the chairman of Zinox Group. Ekeh is a serial digital entrepreneur, and a man who carries around with him an infectious passion for the Nigerian project, especially with regards to seeing the country take its rightful place in the comity of industrialized nations by leveraging on the limitless opportunities in the ICT sub-sector. ‎Speaking to ICT journalists in Lagos, he bares his mind on a number of issues including the current economic climate, the education sector and much more. Peter ugwu was there for Nigeria CommunicationsWeek. Excerpts

ICT as a Game-Changer in a Nation’s Economic Development.
That’s correct. I have always told anyone who cared to listen that the way to go when it comes to taking Nigeria to the level of development we so urgently crave is by building a knowledge economy. In this 21st century, no one has a business being poor especially considering the proliferation of Information and Communication Technology tools and the internet which has put the world at everyone’s finger-tips.
Today, you no longer have to physically leave your environment to gain access to formal education.
With a computer and access to the internet, a variety of degrees can be acquired at your convenience. So is access to new information on business intelligence, ideas and concepts which could radically change one’s circumstances. Information is power and it is at everyone’s disposal at the speed of light these days so what business do we still have as a nation being classified as a Third World or developing country? Many years ago, I had realized that the power to liberate millions of our youths lay in the internet and associated technologies hence the decision behind our “Computerize Nigeria” project which we launched in 2001.
The idea is to provide affordable access to ICT tools and processes which, among other things, promoted the digital re-tooling of individuals, institutions and corporate entities as well as the launch of the first computer ownership scheme in Nigeria.
Imagine every Nigerian being able to own a computer which with he or she can access the internet and avail themselves of the huge well of information and intelligence that is evidently manifest therein.
Before long, you will have built a knowledge economy of highly literate and sound-thinking people who can stand on their own and take meaningful decisions in business and life which will undoubtedly rub off on the nation’s fortunes. Understandably, all these will have to go hand-in-hand with improved access to education which is the foundational basis for every developed economy

Improving Access to Education and Building the Knowledge Economy
Education is the bedrock of development, as you have rightly mentioned. While I commend the efforts of previous administrations, it is worth stating that more needs to be done to raise the dwindling standards.
Contemporary realities make it evidently imperative for the government to beam its focus on the education sector as a matter of urgency and the time is now.
The recent budget presentation made by the President which saw an increase in the allocation to education thankfully seems to have taken into cognizance the need to urgently intervene in the sector. Nevertheless, while allocating 5.5% of the budget which amounts to 396 billion and represents the largest sectoral allocation, is a big step in the right direction, more still needs to be done in expanding access to formal education for millions of our youths.
Today, many parents find it hard to support or see their children through school especially at the tertiary level owing to obvious economic challenges and the spiraling cost of access.
This is one area the government should focus on, with a view to finding means of reducing the impacts on especially indigent and economically vulnerable parents. Furthermore, the government needs to do more in the area of reviving our institutions to average standards which is not rocket science, moreso when you consider that what obtains at the moment is at best a watered-down version of what some of us were exposed to back then.

The  Economy, Prevailing Downturn, Falling Price of Crude Oil, Forex
Well, I have always been an optimist. I believe the Nigerian economy can never shut down totally, by God’s grace.
However, the shocks and gaps in the economy at the moment represent our current realities and we must find creative ways to navigate this harsh economic climate. The unprecedented fall in the price of crude oil is a global phenomenon which not even the smartest economist could have predicted.
The only regret is the fact that successive governments failed to save for the present rainy day we are experiencing when prices were at their peak.
Having said that, we must always look forward. I sincerely believe that the current administration has the requisite political will and capacity to see the country through this storm and the new mindset of Nigerians to get things done properly also helps. I also believe that the organized private sector holds the key to a way out of the present quagmire.
As a matter of urgency, President Buhari should engage the private sector to save Nigeria. The three levels of the sector drives over 80% of Nigeria’s economy and certainly, we can only move forward when the government carries them along. Recall that in the run-up to last year’s elections, President Buhari met with representatives of the private sector in Lagos to present his party’s economic plans. This and other engagements certainly went a long way in contributing to his victory at the polls. ‎
It is my considered opinion that the time is right for the President to enlist the support of the sector in finding a way out of the current economic challenges by restating the vision and focus of the government as well as its sincerity to turn around the economy, as eloquently outlined during the electioneering period. In so doing, the President can secure the support of the sector for the vision and plans of his government. For instance, by reaching out to large corporates, influential businessmen and individuals, and even some of our big churches with huge reserves abroad, the government can find a way out of the foreign exchange challenges. These establishments and individuals can lend the government through promissory notes at an interest rate of, say 1.5% per year which will be the highest anywhere in the world and repay gradually over a period of one year. The government can raise money through this means which will provide the needed foreign exchange to enable it meet the numerous commitments and also help it navigate and offset the low price of crude oil in the global market.
Government, on its own part, can reward the private sector by giving them a chance to have a say in government and by looking into some of the challenges being faced by the sector in terms of confiscation of goods by some agencies, multiple taxation from the tiers of government, unconducive business environment especially as they are the custodian of power and they should be accountable to the people who elects them to office.
I am confident that in 18 months, the current challenges will be solved and the economy will rebound.

Massive Job Cuts and Losses Being Experienced
I am sure no employer will be happy to embark on retrenchment, right-sizing or down-sizing, as the case may be. It is a reaction to the prevailing circumstances as businesses try their best to remain afloat. Government agencies are also not left out as they are also heavily involved. Down-sizing or job cuts have a huge, negative multiplier effect on the economy as it not only affects the individual who is laid off but also affects families and other dependents while creating a myriad of social problems. Statistically speaking, there are well over 23 million unemployed and under-employed Nigerians who are looking up to the government to provide employment opportunities for them.
Although little can be done by businesses but the President can appeal to large corporates and even small and medium companies to leverage on reserves by also offering some tax incentives for the next 18 months so that employees are not unnecessarily retrenched in the short term. This is the time for shareholders to cut their dividend expectation for the economy to survive because if there is no economy, we do not have a business. I frankly believe things shall turn around sooner than is being speculated.

Next Big Sector for Employment
I have been saying it in the last 20 years. It is technology, technology and technology. If past administrations invested heavily in this sector, the ICT sector would be earning more revenue than oil with solid hopes of prosperity for the majority, mostly for those from poor homes who have the brain power. Do we expect miracles from oil? The answer is no. Global statistics has shown credible trend in countries resolving their employment challenges through structured investment in the ICT sector. Is it that our leaders and their advisers are too blind to see future measureable wealth? The Devices, Software, Solution and E-commerce sector could employ well over 45 million Nigerians with solid future and could also bring a minimum revenue of $150billion every year. I am not sure what we are still waiting for to save this nation. Is it not a shame we are all waiting for oil prices to move up for the nation to survive? We are ignoring what we have control of and putting all our hopes on nature in this 21st century.

Make-up of the President’s Team
I must state here that I appreciate the calibre and quality of Ministers President Buhari has assembled to pilot the affairs of the nation. It is a very good team of seasoned men and women who can stand the test of integrity and service delivery. ]Having said this, they must be encouraged and made to work and put in their utmost best for the country to bring about the positive change Nigerians are yearning for.
 


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Cybersecurity Firm Warns Against Gift Card Scams @ Saint Valentine’s Day

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Looking for a gift for your soulmate on February 14th and think that a gift card would be a nice option? Just remember that when digital trends rapidly rise in popularity with customers, they are also gaining traction with scammers looking to use them as bait.

With Saint Valentine’s Day approaching, Kaspersky has identified several phishing and malicious campaigns targeting gift card owners and those who’re looking for a digital present for their loved ones. To help stay safe, the security experts at Kaspersky have also shared practical advice on how not to be tricked.

A “check‑your‑balance” that drains your gift card

Kaspersky’s latest global survey* shows that 80% of respondents consider giving digital presents such as subscriptions, gaming credits or gift cards. Scammers are actively exploiting this trend capitalising on well-known brands, creating fake online stores and even crafting fake verification portals designed specifically to steal gift card value.

Kaspersky’s phishing detection identified deceptive platforms offering victims a “secure” system to check their gift cards validity, status or balance. Targeting those who recently received a gift card, phishers steal the card’s identification data and get an opportunity to activate the certificate before the user themselves.

To stay protected from such scams, Kaspersky recommends double‑checking that a website is real. Look carefully at the web address, any links you’re asked to click, and spot any odd pictures or designs that might hint the site is fake.

The safest way to confirm a gift card’s balance is to go straight to the brand’s official website – don’t follow any other links. To prevent clicking on a malicious link, use a security solution such as Kaspersky Premium with a strong AI-powered anti-phishing component.

Is it a gift card for you or for cybercriminals?

As gift shoppers flood online marketplaces with flash sales and limited-time deals, cybercriminals are watching closely, ready to strike when users are most vulnerable.

Kaspersky experts detected a fake website that mimics Amazon, one of the most famous marketplaces, offering $200 gift card. With this tempting offer, scammers encourage customers to press a “Get your Amazon gift card” button.  However, when the user clicks it, they get an MSI installer with a backdoor that cybercriminals use to remotely control the victim’s device.

This fraudulent scheme highlights the importance of complex cybersecurity protection, showing that clicking on a wrong link may result in not only money and data loss, but also device infection or loss of control over it. When a fake site copies the original store’s look exactly, it’s hard to tell which one is real and which is a scam.

Kaspersky Premium protects users from fraudulent online stores through advanced detection technology that analyses website characteristics and URLs to identify suspicious patterns.

For its excellent performance in AV-Comparatives Fake Shops Detection certification in 2025 Kaspersky Premium was awarded an “Approved” certificate, making it the right choice for confident online shopping.

“As Valentine’s Day approaches, cybercriminals may increase their efforts to exploit the emotional vulnerability and romantic spirit that define this holiday. They’re creating fake gift card websites, spoofing popular retailers, and launching phishing campaigns that prey on your desire to make your loved ones happy.

The best defence is to stick to well-known retailers, check URLs carefully, apply a security solution with advanced phishing detection and remember that if a deal seems too good to be true, it probably is,” comments Anton Yatsenko, Lead Web Content Analyst at Kaspersky.


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NITDA, Wigwe University deepen talks on AI, agriculture collaboration

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National Information Technology Development Agency (NITDA) and Wigwe University are laying the groundwork for a far reaching collaboration centred on artificial intelligence (AI) research, agricultural innovation and digital talent development, following a high level engagement between both institutions in Abuja.

NITDA, Wigwe University deepen talks on AI, agriculture collaboration

NITDA

The discussions, led by Wigwe University Vice Chancellor Professor Marwan Al Akaidi and senior NITDA officials, revealed an alignment of expertise, priorities and national objectives that could accelerate Nigeria’s technological advancement.

Professor Al Akaidi, who leads the young but ambitious Wigwe University established under the vision of the late Herbert Wigwe, said the institution was created to become “the university of Africa”, providing high quality teaching and transformative research for Nigeria and the continent.

He emphasised that Nigeria has immense talent but often lacks the opportunities and platforms to channel it effectively—an issue the university intends to solve through strong industry and government partnerships.

Drawing from his long academic and research career in the United Kingdom and the Middle East, Professor Al Akaidi shared that the university is already conducting work on AI for Health in Nigeria with a team of ten researchers.

He stressed his determination to build a full AI centre in the country, similar to the one he helped establish in Abu Dhabi, noting that although funding setbacks followed Herbert Wigwe’s passing, the ambition remains intact and urgent.

According to him, Wigwe University does not seek to become a passive user of foreign AI tools but aims to “create the Nigerian AI”—a locally driven, world class AI engine that reflects the country’s needs, languages and realities.

He further explained that the university’s location in Rivers State provides a natural foundation for AI enabled agriculture and food production research.

Surrounded by extensive farming communities, the institution sees opportunities to apply AI to livestock management, land use, food processing and agricultural efficiency.

Using Nigeria’s cattle population as an example, he argued that technology can dramatically improve productivity: “In countries with fewer cattle, output is far higher because of new feeding systems and technology. If we apply AI properly, Nigeria’s agricultural wealth can multiply.”

He also pointed to AI’s potential in hospitals and medical diagnosis, especially for widespread illnesses like malaria.

NITDA’s representative, Dr Aristotle, welcomed the visit warmly, calling the Agency “Nigeria’s technology powerhouse” with mandates covering IT development, regulation, innovation, research and standards.

He said the Vice Chancellor’s proposals align strongly with NITDA’s strategic direction and existing programmes, highlighting the National Centre for Artificial Intelligence and Robotics and the National Adaptive Village for Smart Agriculture as key areas where collaboration can take shape.

He praised Wigwe University’s focus on entrepreneurship, innovation and skills development, noting that academia is a crucial stakeholder in the national tech ecosystem.

He also explained that NITDA’s work aligns closely with the government’s priority agenda and the Agency’s Strategic Roadmap and Action Plan, built on pillars such as knowledge, research and development, entrepreneurship, innovation and partnership.

He assured the visiting delegation that NITDA sees collaboration as essential and is committed to implementation rather than discussions alone: “Whatever we commit to, we will do. We understand the importance of partnership because no single institution has all the answers.”

Building on this, NITDA’s Director of Research and Development, Dr Kumo, said the Agency is working to develop a technology research ecosystem capable of moving Nigeria into the top 25 per cent of global research performance.

He noted that many of Wigwe University’s interests—AI, robotics, unmanned aerial vehicles, the Internet of Things, blockchain and additive manufacturing—mirror NITDA’s research priorities.

He also emphasised the value of virtualising education, allowing learners anywhere in Nigeria to access Wigwe University’s programmes through technology, improving national inclusivity.

From the Digital Literacy and Capacity Building Department, Dr Tambuwal stressed that NITDA prioritises building a digitally literate population and developing talent from basic education through to tertiary level.

He noted that many workers today still lack the digital skills required to use modern systems effectively, making it essential for universities to produce graduates who are digitally fluent and ready for the workforce.

He expressed readiness to partner with Wigwe University and explore shared learning opportunities.

Returning to curriculum and industry alignment, Professor Al Akaidi stressed that academia needs industry just as much as industry needs academia.

He described the need for constant curriculum review, especially in computing, engineering and technology, to ensure students are not learning outdated content.

He explained that teaching must be underpinned by active research and that the real value of education lies in producing graduates who understand the technology and can lead in their fields.

At Wigwe University, he said, students are already demonstrating remarkable capability—second year students are set to launch a major educational app, showing what young people can achieve when supported and challenged.

He insisted that Nigerian universities must produce graduates who are not only job seekers but job creators, noting that Wigwe University is building such a culture deliberately.

His call to action was clear: “We need to work together. If we combine our strengths, we can produce something real for Nigeria and beyond.”

The meeting ended with mutual assurance that the collaboration will move into concrete action. Both sides agreed to identify dedicated contact teams and map out specific workstreams for AI research, agricultural innovation, virtual learning, digital literacy, curriculum development and emerging technologies. With this shared resolve, NITDA and Wigwe University appear ready to build a partnership capable of shaping Nigeria’s technological future.


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Identy.io Targets Nigeria, Kenya in Its Africa Expansion Strategy

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Nigeria and Kenya are the next target markets for Identy.io, a global provider of digital identities, as it expands into Africa. Facial, fingerprint, and palm identification are among the safe, mobile biometrics that the company specialises in.

According to Indenty.io, its platform runs locally on smartphones, eliminating cloud storage while maintaining security and privacy.

It goes to say this is achieved by leveraging standard smartphones for fingerprint and face scans, the company aims to bridge the continent’s digital divide, where a significant number of adults still lack basic identification.

To spearhead this rollout, the firm has appointed a specialised regional leadership team, including industry veterans from Nigeria’s Bank Verification Number programme, to integrate their automated Biometric Identification System into national digital public infrastructure.

The company says the significance of this move lies in the departure from traditional, “clunky” biometric models.

Historically, digital ID enrollment in Sub-Saharan Africa has been throttled by the high cost of specialised scanners and the logistical nightmare of deploying them to rural areas.

Identy.io notes that its approach shifts the heavy lifting to mobile software.

Identy.io is positioning itself to capture a market the World Bank’s Identification for Development initiative identifies as critical for financial inclusion.

If successful, this could accelerate government-to-person payments and healthcare access in regions where coverage currently sits below 70%.

“We are transforming the traditional industry model, which often relies on expensive and inflexible digital infrastructure,” says Antony Vendhan, Co-founder of Identy.io. “This allows our clients to reach underserved communities by providing individuals with multimodal access to secure their digital identities.”

The company will face established players like IDEMIA and Thales, who have long dominated government contracts.

Furthermore, Identy.io will face competition from up-and-coming regional fintech identity firms such as Smile ID, which already has a significant presence in Know Your Customer services throughout Africa.

To gain an edge, Identy.io has aligned itself with Modular Open Source Identity Platform (MOSIP).

By being listed on the MOSIP marketplace, the company says its tech becomes “plug-and-play” for governments building open-source national ID systems, a growing trend among nations wary of “vendor lock-in.”

While the primary focus remains on Nigeria and Kenya, Identy.io’s long-term roadmap includes a phased rollout to other emerging markets.

 


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