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CBN Governor Flags-off YEDP Training for Corps Members

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Godwin Emefiele, Governor, Central Bank of Nigeria
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Mr. Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), has flagged-off the formal training of successful National Youth Service Corps (NYSC) members under the Youth Entrepreneurship Development Programme (YEDP).

Performing the ceremony at the NYSC orientation camp, Kubwa, Federal Capital Territory (FCT), Mr. Emefiele stressed the importance of small businesses to building a strong economic base that is resilient to global fluctuations.

Declaring the training open, the CBN Governor expressed optimism that tapping the potentials of the youths was vital to the stimulation of sustainable and equitable socio-economic development in the country.

While citing the National Bureau of Statistics (NBS) figures that put youth unemployment rate at 42.24 per cent in the first quarter of 2016, he lamented that entrepreneurship among Nigerian youths had been hindered by low capacity and funding despite the abundance of prolific opportunities.

Continuing, he observed that the challenge of accessibility funds had made many youths to jettison their laudable ideas in pursuit of white collar jobs, while many educated youths had been exposed to societal ills, as their dreams from their academic pursuit could not be realized.

Mr. Emefiele declared that the CBN decided to intervene in the situation to prevent a further degeneration in the employment situation in the country. He therefore charged the youth corps members selected to receive facilities under the YEDP to judiciously utilize the funds by engaging in productive ventures such as rice, cassava and tomatoes farming. This is even as he emphasized that the credit facility was not a grant but a loan that would be repaid at a single digit interest rate.

Also speaking, Brigadier General Sule, director-general of the National Youth Service Corps (NYSC)  said the YEDP was a milestone in the NYSC programme, coming at a time the economy was faced with serious challenges that could best be tackled by the promotion of private enterprise.

While commending the CBN/Heritage Bank intervention, which he described as a turning point in the history of youth entrepreneurship in Nigeria, Gen. Kazaure encouraged other financial institutions to emulate the CBN and Heritage Bank in financing youth business enterprise.

The NYSC DG therefore urged all Corps members, irrespective of their course disciplines, to key into the opportunities provided by the Collaboration and become budding entrepreneurs through skill acquisition, self-employment, wealth creation and employment generation.

In his remarks, Mr. Ifie Sekibo, Managing Director/Chief Executive Officer of Heritage Bank, urged the successful Corps members to use this opportunity to realize their dreams by judiciously utilizing the funds.

Speaking on behalf of other Corps members, Mr. Success Obi pledged to prudently expend the credit facilities for the said purpose.

The Youth Entrepreneurship Development Programme (YEDP) was launched on March 15, 2016 with the aim of providing timely and affordable credit to assist youths in implementing their business ideas, thereby providing the mechanism of stimulating growth, reducing unemployment as well as addressing youth restiveness.

More than 10,000 youths have submitted their applications for the YEDP. One thousand, five hundred and forty seven (1,547) Corps members scaled the rigorous selection process to emerge as the first batch of trainees in the pilot phase of YEDP training.

The pilot phase of the YEDP, which is sponsored by the Central Bank of Nigeria (CBN) in collaboration with Heritage Bank, took place simultaneously in seven centres of Akwa Ibom, Enugu, Osun, Lagos, Plateau, Katsina and FCT for Corps members selected from the 36 states and FCT.
 
 


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Kaspersky, AFRIPOL Conduct Joint Cybersecurity Training for African law Enforcement

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As part of a joint initiative with AFRIPOL, Kaspersky provided cybersecurity training courses for law enforcement representatives from 23 African countries, unfolding the fundamentals of Security Operations Center (SOC) activities and advanced threat hunting techniques.

As cyberthreats continue to grow in scale and complexity, strengthening the technical capabilities of law enforcement agencies has become an important priority worldwide. Through knowledge-sharing programmes, technology companies can contribute practical expertise gained from real-world cyber investigations and threat analysis.

Such collaboration helps equip law enforcement professionals with the skills and tools needed to investigate digital crimes more effectively and strengthen cybersecurity capabilities.

From November 2025 to March 2026, around 40 African officers from 23 countries* received “Security Operations and Threat Hunting” training, provided as part of the cooperation agreement between Kaspersky and AFRIPOL signed in 2024. During the training, African officers gained practical knowledge of Security Operations Center (SOC) activities and modern cyber-defence practices.

The programme covered key aspects of threat detection and incident investigation, including how to identify malicious activity in Windows and Linux environments, analyse attacker tactics, techniques and procedures (TTPs) and use threat intelligence to uncover advanced threats.

As part of the training, a series of online Q&A sessions were organised, providing participants with the opportunity to engage directly with experts and course authors from Kaspersky’s Security Services team. These sessions allowed attendees to clarify complex topics, discuss practical cases and receive additional insights, reinforcing the learning experience and ensuring a deeper understanding of key cybersecurity concepts.

“Cybercrime today is highly sophisticated, borderless and constantly evolving, which means no single organisation can tackle it alone. This is why cooperation and knowledge sharing between the private cybersecurity sector and law enforcement agencies are so critical. Our long-standing collaboration with AFRIPOL demonstrates the value of this approach.

“Over the years, Kaspersky and AFRIPOL have worked together to better understand the cyberthreat landscape across Africa and to support international efforts aimed at disrupting cybercrime. By continuing to invest in training and capacity building, we aim to support law enforcement professionals with the expertise they need to investigate digital crimes effectively and contribute to building a safer and more trusted digital environment for everyone,” says Yuliya Shlychkova, Vice President, Public Affairs, at Kaspersky.

“Strengthening the capabilities of law enforcement agencies is essential to effectively address the growing complexity of cybercrime across the African continent. Initiatives such as this training programme play an important role in equipping officers with the practical skills needed to investigate cyber incidents, analyse digital evidence and respond to emerging threats.

“Cooperation with partners from the private cybersecurity sector, such as Kaspersky, helps law enforcement agencies stay informed about the latest threat trends and investigative approaches.

“We highly value this collaboration and the opportunity it creates to further develop the cybercrime response capabilities of AFRIPOL member countries,” says Dr Mohammed Benaired, Head, Training and Capacity Building Division at AFRIPOL.

In 2024, to further enhance global efforts to combat cyber offenses, Kaspersky and AFRIPOL signed a cooperation agreement in preventing and fighting cybercrime.

Covering a period of five years, the document formalises and facilitates cooperation between the company and the law enforcement agency in sharing threat intelligence data on the latest cybercriminal activities and entails the provision of assistance and know-how in information security analysis.

Kaspersky Expert Training is used by numerous organisations and academic institutions to advance their skills in battling against cybercrime. Since the inception of this online training programme, Kaspersky experts have trained more than 3,000 specialists from 50 countries around the world.

Providing their expertise with 12 educational courses, they share their insights on advanced tactics and strategies in Reverse Engineering, Threat Hunting, Incident Response and more – each divided by the level of students’ experience.


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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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