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Smartcity Chair Says Nigerian Businesses Must Embrace, Localise Technologies

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Sir. Demola Aladekomo, founder of Smart City Resort Plc
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Indigenous businesses must accept the presence of technology and structure their business model in line with the needs of their local environment in order to become a major player in a fast-paced digital economy.

Sir Demola Aladekomo, founder, Chams Group Plc and Chairman, SmartCity Resorts Plc, made this assertion during his Keynote Address at the Information Communication, Technology and Telecommunications Exhibition and Conference (ICTEL EXPO 2017), organised by the Lagos Chamber of Commerce and Industry held in Lagos, recently.

Aladekomo, whose address was on the exhibition’s theme; “The Digital Economy: Strategies for Growth in A Connected World”, stated that there are numerous potentials to be exploited with technology, especially with the changing demography of Nigeria being populated with lots of young persons as well as the availability of data, which now connects the country’s market to the global market.

According to him, technology will serve as a foundation of all activities in the digital economy and would also create a lot of inventions and opportunities, which will liberate resources, create new markets and eventually disrupt the current supply chain system.

He, however, advised that businesses must before brace up for the new developments before they get caught by the tide of technological revolution, noting that change could come in a harsh manner.

“The possible effects of this new economy that we are looking at includes that the core structure of your business is going to be different completely. If you can remember the VHS days, when we used to go and rent cassettes. Now, you find everything streaming online. This means that the business landscape therefore has completely changed. Your value proposition will also change as a result of the presence of data available. There is going to be massive explosion in new businesses, new organisations and new markets as a result of technology.

“Therefore, the first thing you need to do is to accept the inevitable, that your market has changed, the supply chain has changed, technology is going to disrupt every single thing that you are doing. If you do not change, change is going to come to you and it will be disastrous if you do not accept it. There will be lots of opportunities created. There will be challenges also created, but will both be for you or for your competition? If you are the one disrupting the market, then you are creating challenges for your competition, but if you allow your competition to create challenges for you, then you are in trouble”, he said.

Speaking on the importance of business analysis, Aladekomo urged businesses not to overanalyse issues as future is now. The ICT guru also stated that businesses should have a fundamental understanding of the local market rather than structuring their business models solely on technology.

Aladekomo said; “We do know that everything is not about software, no; it’s about the business model. You need to think out of the box. In coming up with a business model, we need to look at the technologies that are available. For us to know about the technologies available, we must understand them, we must learn about them a lot, but learning about them is not even as good enough as understanding the local environment.

“You need to have localised these technologies. You can still take some of their features and localise it and shape your market. If you cannot conquer your own local market, you are not going to conquer the American market. The apps can be easily developed but the important thing is your business model.”

He also advocated for a periodic review of business strategies and the need to take concrete action in order to keep abreast with their contemporaries in a digital economy.

The ICTEL expo had in attendance the Minister of Communications Technology, Barrister Adebayo Shittu; Minister of Science and Technology, Dr. Ogbonnaya Onu, represented by Prof. Gloria Elomo, Director General, Federal Institute of Industrial Research, Oshodi (FIIRO); the representative of the Lagos state Commissioner of Science and Technology, Olufemi Odubiyi; President, LCCI, Chief Nike Akande, and stakeholders from the technology and business sectors of the economy.


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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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Nigeria Spends $470m on AI-powered Surveillance Devices- Report

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Nigeria has emerged as the largest investor in artificial intelligence-driven surveillance systems on the continent, committing over $470 million to advanced monitoring technologies, according to a new report.

Nigeria Spends $470m on AI-powered Surveillance Devices- Report

Pic credit…bokysee.com

The study found that Nigeria, alongside 10 other African countries, has collectively spent no less than $2.1 billion on AI-powered surveillance infrastructure.

AI-powered surveillance devices represent a significant shift from passive recording to active, real-time monitoring and threat detection

The study, described as the most comprehensive account of smart city surveillance in Africa, examined deployments in Algeria, Egypt, Kenya, Mauritius, Mozambique, Nigeria, Rwanda, Senegal, Uganda, Zambia and Zimbabwe.

These investments include facial recognition systems and automatic number plate recognition tools aimed at strengthening security and urban monitoring.

The report, titled “Smart City Surveillance in Africa: Mapping Chinese AI Surveillance Across 11 Countries,” was produced by the Institute of Development Studies and released in March 2026.

It highlights Nigeria’s position at the forefront of adopting smart surveillance technologies, reflecting a broader trend across Africa where governments are increasingly turning to AI solutions to address security challenges and improve urban management.

“This level of expenditure translates into an average spend in the region of $240m per country.

“Nigeria alone has documented public expenditure of $470m AI-enabled facial recognition and ANPR, making it the continent’s largest buyer of smart city surveillance technologies,” the report stated.

“In all cases, we know that the real total is significantly higher because surveillance spending is often secret; no figures were available for two of the 11 countries studied; the public accounts for the other nine countries were incomplete; and this study included only 11 of Africa’s 55 countries,” the researchers noted.

The report said most of the surveillance infrastructure deployed across the countries was supplied by Chinese firms and financed through soft loans from Chinese banks.

“The Chinese safe city surveillance package is typically financed by soft loans from Chinese banks.

“A typical package involves a loan of $250m from Eximbank tied to the purchase of surveillance cameras from Hikvision and a command and control centre built and serviced by Huawei or ZTE,” it said.

The report explained that the packages usually include thousands of smart closed-circuit television cameras capable of transmitting geo-located facial recognition and vehicle number plate data in real time.

“The Chinese safe city package typically includes installing thousands of smart CCTV surveillance cameras, which transmit geo-located facial recognition and car number plate data in real time for analysis using artificial intelligence at dedicated data centres that serve as command and control facilities for police and security operatives,” the report added.

The study further revealed that China supplied smart city surveillance technologies to all 11 countries reviewed, while South Korea and Russia supplied three countries each, and the United Arab Emirates supplied two.

It added that the actual spending across the region could be significantly higher due to secrecy around surveillance budgets and incomplete public financial records.


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Metaverse Collapses, Horizon Worlds Shuts Down on Quest

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The metaverse, championed by Meta (formerly Facebook) in 2021, has largely collapsed due to low user adoption, technical limitations, and massive financial losses exceeding $80 billion.

Metaverse Collapses, Horizon Worlds Shuts Down on Quest

Mark Zuckerberg

Meta is shutting down its flagship VR platform, Horizon Worlds, in June 2026, marking a major shift toward AI and mobile-first strategies.

The app will be removed from the Quest store on March 31 and discontinued in VR by June 15, continuing only as a mobile service.

Horizon Worlds, launched in 2021, was central to Meta’s rebranding from Facebook and its vision of a fully immersive virtual environment.

Despite billions in investment and high-profile partnerships, the platform failed to attract a large user base and struggled with design limitations and weak engagement.

Reality Labs, the division behind the metaverse push, has accumulated nearly$80 billion in losses since 2020, including more than$6 billion in a single quarter.

Recent layoffs affecting around 10 percent of the VR workforce, along with the shutdown of related projects, underscore a broader pullback.

Competition and shifting priorities have accelerated the decline.

Rival platforms such as VRChat maintained stronger communities, while Meta increasingly redirected resources toward AI and hardware, including its Ray-Ban smart glasses.

Although Meta says it remains committed to VR, the closure of Horizon Worlds signals a strategic reset.

The company is repositioning its future around AI-driven products, marking a decisive shift away from its earlier metaverse vision.


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FG Plans New HIV Prevention Injection in 8 States, FCT

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Federal government has commenced is to roll out a new long-acting HIV prevention drug, Lenacapavir, in selected states as part of efforts to reduce new infections and end AIDS as a public health threat by 2030.

FG Plans New HIV Prevention Injection in 8 States, FCT

Dr Iziaq Salako, minister of State for Health and Social Welfare, who disclosed this during a media briefing in Abuja, on Monday said the injectable drug will be deployed in eight states and the FCT.

The states are Anambra, Ebonyi, Gombe, Kwara, Akwa Ibom, Cross River and Benue.

Lenacapavir, a twice-yearly injectable pre-exposure prophylaxis (PrEP), is designed for HIV-negative individuals at substantial risk of infection.

Dr Salako said its introduction marks a significant shift from daily oral prevention options, particularly for individuals who struggle with adherence.

The Minister explained that Nigeria’s adoption of the drug followed its selection by the Global Fund as one of nine early adopter countries, after expressing interest in 2025.

He further said about 52,000 doses have already been secured to support the initial phase, with the first batch delivered and preparations underway for facility-level deployment.

He, however, stressed that the drug is strictly preventive and not a treatment for people living with HIV, warning against misconceptions that could encourage risky behaviour.

“This is not a cure or a licence for unsafe practices. It is an additional layer of protection for those at higher risk,” he said.

The minister explained that the rollout would begin on a controlled scale to allow close monitoring of safety outcomes and effectiveness before expanding nationwide.

He noted that implementation would be guided by the National Pre-Exposure Prophylaxis Implementation Plan covering 2025 to 2028, with focus on service delivery, supply chain management, financing and community engagement.

Adebobola Bashorun, national coordinator of the National AIDS, Viral Hepatitis and Sexually Transmitted Infections Control Programme, said the rollout strategy was informed by data and stakeholder collaboration.

He added that the injectable would complement, not replace, existing prevention methods such as oral PrEP and other long-acting options.

According to him, early observations show minimal side effects, mostly mild pain at the injection site.

Dr Temitope Ilori, director-general, National Agency for the Control of AIDS, described the development as a major boost to HIV prevention strategy, especially among high-risk populations.

She cautioned that the drug does not protect against other sexually transmitted infections or unintended pregnancies and is not recommended for pregnant women.

Similarly, Charles Nzelu, director of Public Health, said the innovation could significantly improve adherence to prevention programmes, given its twice-yearly dosage, but emphasised the need to sustain other preventive measures.

International partners also expressed support for the initiative while Josephine Aseme, chairperson of the Nigeria Key Population Health and Rights Network, described the injectable as long-awaited and potentially transformative for vulnerable groups.

 

 


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