News
Opeke, Anatogu Decry Funding Gap, Hindrances to Innovation

Increased broadband penetration has led to explosion of innovation, creating more business opportunities among startups, increased productivity, efficient social service delivery like e-health, e-learning; however, funding gap possess herculean challenge to these innovators from deploying their solutions.
The views were expressed by Ms Funke Opeke, CEO, MainOne Company and Mrs. Helen Anatogu, CEO, iDEA Hub (Lagos), during a panel session at 9th eNigeria conference and exhibitions 2016, held in Abuja.
Opeke said that capital is a challenge for young innovators, as access is limited in terms of institutions or agencies that can help them raise funds.
“The Environment”, she said, “Is not such that grants you a credit card to support your self while seeking for fund to launch your solution.
“Friends and families are still important networks to start with in supporting startups, with venture capitals and innovation hubs ensuring market-ready solutions, are there to support”.
Opeke also called for capital investments in terms of capacity building and infrastructure development in the IT industry to assist the young innovators.
“If we can have one ‘Google’ or ‘Facebook’ coming out from the innovation hub, it will create enough publicity to attract local investors to focus on startups. Already, we have success stories in Wakanow, Yudala, Konga, Andela and rest of them who have even been described as amazing by Mark Zuckerberg, the Facebook Founder.
“As an industry and and a society, we have responsibility to figure out how to support these startups and not leave them to bear the burdens alone. This can be done by removing entry-barriers facing these new businesses,” she added.
Also speaking, Anatogu, said that the country and inventors need to appreciate the value of innovation to better understand how to support them to spur employment and wealth creation.
“It will be difficult for you to develop a solution- Facebook better than Mark Zuckerberg, because you do not have the education process and the vision he had, but Zuckerberg can not create better malaria solution than you because he is not in this environment. It requires taking cognizance of the problems in our immediate environment and how to solve them.
“We also requires less bureaucratic process to open the system for startups to meet their targets and do more for the society. Look at Jobberman and what the company with probably less than 100 staff has done to transform the job vacancy and recruitment ecosystem. As a country we have to choose between organic innovation ecosystem where the startups develop at their pace or to make it a priority to enhance their capacity and leverage on the innovations to better our economy”, she said.
According to her, broadband penetration and data analysis are key to expanding the nation’s innovation scope.
“It still revolves around data, analysis and usage in creating or recreating solutions. The key driver here is broadband. Broadband has become ubiquitous like roads, electricity, because it has direct impact to people’s growth. We need to unleash this very important national infrastructure to help our innovators do more,” Anatogu said.
He added that the funding mechanism is not yet favourable to startups.
“There are venture capitalists who fund solutions worth minimum of $2million. What happens to the innovator that needs just N200,000 on the immediate to deploy? This is a hindrance to innovation and loss of focus,” the iDEA Hub chief executive said.
News
NITDA, CAC Activate Cybersecurity Measures Amid System Concerns

The National Information Technology Development Agency (NITDA) and the Corporate Affairs Commission (CAC) have initiated coordinated measures to strengthen cybersecurity following recent concerns affecting aspects of CAC’s digital systems.

Both agencies said they have activated response and assurance mechanisms in line with national cybersecurity frameworks to safeguard critical infrastructure and maintain service integrity.
NITDA reiterated that all Ministries, Departments, and Agencies (MDAs) must adopt proactive cybersecurity measures in compliance with the National Cybersecurity Policy and Strategy (NCPS) 2021.
The agency directed all MDAs to immediately review and reinforce their cybersecurity architecture to address emerging threats targeting government systems and sensitive data.
As part of the directive, MDAs are required to conduct comprehensive security assessments, remediate identified vulnerabilities, and strengthen access controls across critical platforms.
They are also expected to enhance data protection mechanisms, maintain effective backup and disaster recovery systems, and improve monitoring capabilities to detect and respond to suspicious activities.
In addition, there is the need for functional incident response frameworks, including prompt reporting of cybersecurity breaches for coordinated intervention.
Detailed cybersecurity guidelines have already been issued to MDAs for implementation as part of ongoing efforts to strengthen resilience across public sector digital infrastructure.
The measures are aimed at improving the overall security posture of government institutions and ensuring the continued protection of national digital assets.
NITDA reaffirmed its commitment to supporting government agencies in safeguarding digital systems and advancing cybersecurity best practices across the public sector.
News
Nigeria Customs Deploys AI to Cover Revenue Leaks

The Nigeria Customs Service (NCS) has rolled out an artificial intelligence (AI) driven capacity-building programme to improve revenue generation and reconciliation across its operations.

The initiative, unveiled during a three-day training event in Abuja, aims to transition the agency toward data-driven administration as Nigeria seeks to boost non-oil revenue.
The adoption of AI will enable the service to better manage complex trade systems, detect anomalies and reduce revenue leakages, says Bashir Adewale Adeniyi, comptroller-general of the NCS.
AI-powered tools are already being integrated into risk management and cargo scanning systems to allow for real-time analysis of trade patterns.
The technology marks a transition from manual, reactive processes to predictive and automated decision-making, Adeniyi adds.
The programme also reflects a shift in the relationship between the NCS and the National Assembly toward a collaborative framework focused on transparency and efficiency.
The training is a strategic intervention to address persistent gaps in revenue management, says Kikelomo Adeola, deputy comptroller-general of the NCS.
AI applications, ranging from automated data analysis to predictive intelligence, will significantly enhance the integrity of public financial systems, she says.
The initiative aligns with broader efforts to modernise governance and improve compliance across revenue-generating agencies, says Bamidele Salam, chairman of the House Public Accounts Committee.
Lawmakers and fiscal authorities at the event underscored the urgency of adopting advanced technologies amid rising budgetary pressures.
This move comes as the federal government increases scrutiny over revenue leakages and audit discrepancies.
The partnership between the NCS and the legislature is critical to strengthening fiscal discipline and ensuring all revenue due to the federation is accurately captured, Adeniyi concludes.
News
Lagos Targets Vulnerable Residents in Expanded Social Register

Lagos State Government has intensified efforts to strengthen its social protection framework with a fresh push to update the state’s Single Social Register.

Babajide Sanwo-Olu, Governor, Lagos
This was contained in a press statement on the government’s Facebook page on Wednesday.
The initiative, led by the Lagos State Ministry of Economic Planning and Budget, formed the focus of a strategic engagement held on Monday with Community-Based Targeting teams, local government coordinators and field enumerators across the state’s 57 Local Government Areas and Local Council Development Areas.
The meeting, themed “Closing the Gap: Accelerating Lagos State Single Social Register Update,” took place at the Radio Lagos Multipurpose Hall in Agidingbi, Ikeja.
Officials said the exercise is aimed at improving the accuracy and reach of the register, which serves as a critical tool for planning and delivering targeted social interventions, including financial support, healthcare and education services.
Speaking at the session, Ope George, commissioner for Economic Planning and Budget, commended field workers for their commitment while urging them to scale up their efforts.
He called on participants to be “more intentional by intensifying their commitment,” reaffirming the government’s resolve to “continuously strengthen and refine the Register to reflect evolving realities.”
Also speaking, Olayinka Ojo, permanent secretary in the ministry, described the register as central to effective governance and service delivery.
She said “it remains a cornerstone for effective planning and delivery of social intervention programmes,” adding that the ongoing update is designed to “further enhance data reliability, coordination, and service delivery outcomes.”
Ojo noted that sensitisation efforts would be expanded across all councils to ensure wider inclusion of residents, stating that “the advocacy and sensitisation will scale throughout the 57 LGAs and LCDA to give more to Lagos residents.”
According to the government, the updated register is expected to expand access to social protection programmes and improve the targeting of interventions for the most vulnerable populations.
The engagement also provided a platform for stakeholders to strengthen collaboration, improve data quality and reinforce transparency in grassroots data collection.
The state government reiterated its commitment to leveraging accurate data and partnerships to drive inclusive development, reduce vulnerability and improve living standards across Lagos.
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