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LASG Reaches Out to Stanford Business School to Transform Yaba into Tech Hub

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(L-r): AbdulAhmed Mustapha, permanent secretary, Ministry of Wealth Creation & Employment; (Dr) Mrs. Omobola Johnson, former minister of Information & Communication Technology; Professor. Jesper B. Sørensen, executive director, Stanford Seed, and Afolabi Abiodun, chief executive officer, SBTel & Device, at the stakeholder's on the partnership between Lagos State Government and the Stanford Seed Transformation Network on the transformation of Yaba into a technology hub in Lagos recently.
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In a bid to optimise the budding technological potential of the Yaba axis, the Lagos state government has reached out to Stanford University’s Graduate Business School and a select group of stakeholders to develop and transform the city into a technology hub.

The initiative, driven by the state government, is expected to, upon completion, revolutionise Yaba, identified as Nigeria’s tech city, into the country’s equivalent of Silicon Valley- a hub for technology entrepreneurs in the United States of America.

The stakeholders, drawn from both public and private sectors, included Mrs. Omobola Johnson, a former Minister of Information and Communication Technology, and Nigeria’s leading technology players such as Systemspecs, SB Tel & Devices, ccHub, iDeaHub, Microsoft, as well as the visiting faculty of Stanford University’s Graduate Business School led by Professor Jesper Sørensen and Mr. Jeffrey Prickett.

Speaking at the meeting held at the state secretariat, Mr. AbdulAhmed Mustapha, Permanent Secretary, Lagos State Ministry of Wealth Creation and Employment, expressed delight with Stanford Graduate Business School and the Stanford Seed Transformation Network (STN), the alumni body of its African entrepreneurs training, for their readiness to support the state’s efforts to actualise its objective of establishing a hub for tech entrepreneurs.

Mustapha, who acknowledged the immense contributions of the Stanford Seed Transformation Program to entrepreneurial development on the African continent, said the state government is confident that the business school and its alumni network will unleash the enormous potential for technological innovations in the state and the country at large.

Also speaking, Afolabi Abiodun, vice president of STN, said the network will support the state government’s commitment to creating entrepreneurial opportunities and economic prosperity for Nigerians.

He added that the objective of the initiative is in alignment with the ideals of the Stanford Seed programme, which is to positively influence the entrepreneurial ecosystem for the purpose of ending the cycle of poverty in developing economies.

“The way to eradicate poverty is by having more successful businesses and innovative start-ups. We sincerely believe that the state government is fully committed to the realization of this initiative and the STN would support as much as we can. Interestingly, we have a bunch of tech companies in our network. So, we are ready for action as soon as the state government sets the wheels in motion.” Afolabi said.

The highlight of the meeting was the inauguration of a steering committee drawn from both the public and private sectors of the economy– primarily state government officials and members of the Stanford Transformation Network.

Also present at the meeting were officials from the coordinating Ministry of Wealth Creation and Employment, Lagos state Ministry of Energy, Office of Overseas Affairs and Investment, Lagos state, Lagos state Employment Trust Fund, Ibile Holdings, Vice Chancellor of Lagos State University, Prof. Olanrewaju Adigun Fagbohun and officials of the Stanford Graduate Business School.

 


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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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NDPC Commits to Balancing Data Privacy, Protection Information

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Nigerian Data Protection Commission (NDPC), has expressed its commitment to balance information around data privacy and protection.

NDPC Commits to Balancing Data Privacy, Protection Information

Dr. Vincent Olatunji, national commissioner, NDPC, stated this in Abuja, at the National Data Privacy Summit with the theme, “Privacy in the Era of Emerging Technologies,” organised by the commission.

Olatunji said the NDPC, at the moment, was looking at balancing information around data privacy and protection.

“What we are doing is just to look at how to balance information around privacy and protection, which is really important, because as we are innovating, at the same time, we have to consider issues around privacy and protection,” he stated.

He added that the commission has been very bold in taking risks that would bring about growth.

“Our starting point is growing at a very alarming rate, and we are not afraid of anything. We can take risks. And that is why a lot is happening in Nigeria, and this is the level of clarity,” he explained.

In his address, Dr. Aminu Maida, executive vice chairman (EVC) of the Nigerian Communications Commission (NCC),  stated that Internet of Things holds promise for Nigeria’s economy.

The EVC, who was represented by Abraham Oshadami, executive commissioner, Technical Services (ECTS), noted that, “in an era in which digital assets, Internet of Things, future digital computing and other transformative technologies are key, and both a cornerstone of building trust for the adoption and a prerequisite for sustainable progress.

“Emerging technologies hold immense promise for Nigeria’s grand economy, but they also introduce complex risks to personal and individual rights.

“So, balancing innovation through post-ethical safeguards and public trust is the first step to ensuring that global digital advancement benefits all Nigerians without compromising their privacy or their security,” he added.

“As we just heard from the Nigeria Police, telecom operators have a vast amount of sensitive historical information daily, including connectivity apps and collaboration on privacy, security, and number protection, both to their and their inheritors,” he said.

Dr. Bako Shurkuk, commissioner for Science, Technology and Innovation, Plateau State, who represented Caleb Mutfwang, Governor of Plateau State, said, emerging technologies can be harnessed to attain sustainable growth.

 


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OADC Lagos Reinforces Commitment to Local Data Hosting and Digital Transformation @ NDPC’s National Privacy Week Summit

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Open Access Data Centres (OADC) Lagos has reaffirmed its commitment to Nigeria’s data protection and digital transformation agenda through its sponsorship and active participation in the Nigeria Data Protection Commission’s (NDPC) National Privacy Week Summit.

The National Privacy Week Summit, organised by the NDPC, convened policymakers, regulators, technology providers, and industry stakeholders to promote data privacy awareness, strengthen compliance with the Nigeria Data Protection Act (NDPA), and advance conversations around data security, sovereignty, and responsible data governance.

As a sponsor of the event, OADC Lagos demonstrated its continued support for the Federal Government’s drive toward local data hosting and data domiciliation, which are increasingly critical to safeguarding sensitive information, enhancing regulatory compliance, and building trust in Nigeria’s digital economy.

Through its carrier-neutral, Tier III Design certified data centre in Lekki, Lagos, OADC provides secure, resilient, and compliant infrastructure that enables government institutions and private sector organisations to host and manage data locally while meeting international best practices.

Commenting on the engagement, Adesola Adesugba, Country Marketing Manager, Open Access Data Centres Nigeria, said: “We are proud to have supported the Nigeria Data Protection Commission through the National Privacy Week Summit and to stand alongside the government in advancing Nigeria’s digital transformation objectives.

“Strengthening local data hosting and domiciliation is fundamental to national data sovereignty, improved security, and sustainable digital growth, and OADC Lagos remains committed to enabling this future.”

OADC’s participation at National Privacy Week Summit underscores its role as a trusted digital infrastructure partner to government and enterprise, supporting secure cloud connectivity, regulatory compliance, and the long-term development of Nigeria’s digital ecosystem.

Open Access Data Centres is part of the WIOCC Group and operates open-access, world-class data centres across Africa, serving cloud providers, network operators, enterprises, and public sector institutions.


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Kaspersky Launches OT Calculator to Align Cybersecurity Investments with Business Goals

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Kaspersky’s new online tool has been specially developed for industrial organisations to assess the potential costs associated with insufficient operational technology (OT) security.

By offering detailed financial forecasts, the calculator empowers senior management to make well-informed decisions regarding security investments.

Industrial organisations increasingly depend on interconnected systems, elevating cybersecurity to a critical factor in business resilience and profitability.

According to VDC Research, over 60% of industrial companies last year reported that cybersecurity breaches had led to significant costs. Despite this, a persistent disconnect remains between security teams and executive leadership as security professionals focus on minimising risk, while executives must balance cybersecurity concerns with broader business objectives. This misalignment often results in competing priorities and underfunded security initiatives.

To bridge this gap, Kaspersky has launched the OT Cybersecurity Savings Calculator, an innovative online tool designed specifically for industrial organisations to assess the potential costs of inadequate operational technology (OT) security¹.

The primary aim of this tool is to translate cyber risks into tangible financial metrics and support strategic discussions around priorities and budget allocation. By entering details such as their sector, sub-sector, region, company size, breach history, and existing cybersecurity measures, organisations can estimate their potential cost savings and receive customised, actionable recommendations.

The calculator benchmarks performance against industry peers and highlights the company’s position within the current threat landscape.

“We believe this calculator is a powerful resource for transforming complex cyber risk data into straightforward financial insights. It enables OT leaders, security professionals, and executive teams to develop clear, data-driven business cases and recognise the value of cybersecurity investments. With actionable guidance, it promotes a comprehensive approach to resource management and strengthens overall organisational resilience,” comments Andrey Strelkov, Head of Industrial Cybersecurity Product line at Kaspersky.


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