News
Adesina Commend Singapore’s Investment in Africa at ASBF

Dr. Akinwumi Adesina the President of the Africa Development Bank, has commended Singapore for its huge investment in Africa.

Adesina who spoke at a panel discussion at this year virtual edition of the Africa- Singapore Business Forum (ASBF) expressed happiness that Singapore did not stop its investment in Africa despite the COVID-19 pandemic which ravaged the world.
He disclosed that this was evidence in the signing of over 30 deals during the pandemic while 16 had already been signed prior to the forum this year.
According to him this has reinforce his firm belief that Singapore trusts Africa, which he considers as a great thing.
This year’s edition which had OLAM as major sponsors as well PwC and Standard Bank also featured Singapore’s senior minister, Tharman Shanmugaratnam.
Its opening session which started on August 23 and rounded off over the weekend also featured speakers, business leaders across the globe and panel sessions which addressed problems and opportunities in vital sectors such as manufacturing, urban planning, digital technology, innovation, and sustainability.
The ASBF is a foremost platform for organizations and business leaders in Africa and Singapore to collaborate and synergize. It has stimulated investment, trade relations and thought leadership between Africa and Asia for over a decade.
An initiative of Enterprise Singapore (established to support trade and development into Singapore), which has united over 30 countries, the business forum has also enabled over 2000 businessmen to venture into new partnerships between the two dynamic regions.
Reports from the United Nations Conference on Trade and Development (UNCTAD) indicated that Singapore’s investments into Africa have moved from $17 billion to $20 billion.
Speaking on the forum, Mr. Olufemi Hassan, Principal Consultant at Hatytude Consulting and one of the outreach partners for ASBF 2021 said this year’s forum was quite impactful.
According to him, Hatytude Consulting has been partnering with Enterprise Singapore for over a decade to drive strategic collaboration amongst businesses within Singapore and Nigeria.
He noted that Hatytude Consulting is a financial and management consulting firm established in 2003 to help companies expand through various means of collaboration such as trade partnerships, joint ventures and franchises among others
Though its operational base is in Lagos, Hassan maintained that Hatytude has strong passion for driving businesses across the globe leveraging on its network of partners.
He noted that Hatytude Consulting has been working assiduously with the regional director for Enterprise Singapore in West Africa, Mrs. Jean Ng in the last couple of years to sustain stimulation of business engagements between the two regions.
“ASBF is a premier platform for business collaboration and Hatytude Consulting is keen on fostering meaningful trade relationships between both regions. We are committed to facilitating as many collaborative engagements as possible.
“There are immense opportunities for Nigerian businesses looking to internationalize and we will keep working with the likes of Enterprise Singapore to support growth of businesses between Nigerian businesses and other parts of the world,” he 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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