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FG, Lagos Commend TD Africa for Launching Tech Experience Centre

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l-r: Dr. Isa Ali Pantami, minister of Communications and Digital Economy; Dr. Leo Stan Ekeh, Zinox Chairman; Dr. Ernest Ndukwe, chairman, MTN Nigeria and others at the launch of Tech Experience Centre
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The Tech Experience Centre, an ambitious technology project aimed at bridging the gap to cutting-edge technology for millions of Nigerians, has been described as strategic to the Federal Government’s plan to build a digital Nigeria for all citizens.

The foregoing was disclosed by Dr. Isa Ali Pantami, minister of Communications and Digital Economy.

Equally important, Pantami was speaking at the formal unveiling of the Tech Experience Centre located at the high-rise Yudala Heights on 13 Idowu Martins, Victoria Island, Lagos on Thursday, October 1st, 2020, Nigeria’s 60th Independence Anniversary.

The Minister, who was the Special Guest of Honour, expressed delight with the project, even as he conveyed the feelings of President Muhammadu Buhari on the launch of the massive initiative.

The Centre houses a convergence of globally renowned tech giants such as Cisco, HP, Microsoft, Dell Technologies, Zinox, Schneider Electric, Samsung, Apple and Bosch, among others, all under one roof to create an immersive experience of the latest technologies.

‘‘I am delighted to be here today to witness the commissioning of this landmark project. I am here to convey the regards of President Muhammadu Buhari who has been instrumental to the current drive of the Federal Ministry of Communications and Digital Economy for the ICT sector to achieve a Digital Nigeria.

‘‘We are happy to see this huge technology initiative become a reality as it shows the private sector has bought into our visions for Nigeria. Achieving a Digital Nigeria is not the responsibility of government alone. The role of government is to come up with the right policies and create the enabling environment while the private sector also supports the efforts of government. This Tech Experience Centre is very strategic to the seven pillars of our digital economy strategy which include: Digital Literacy and Skills Development; Service Infrastructure; Solid Infrastructure; Digital Services Promotion and Development; Soft Infrastructure; Digital Societies and Emerging Technologies and lastly Indigenous Content Development.

‘‘I wish to commend TD Africa and the Zinox Chairman, Dr. Leo Stan Ekeh for their efforts in birthing this Tech Experience Centre which we are certain will create a huge opportunity for our youths and many other Nigerians,’’ he disclosed.

Also speaking at the event, Chief Host, Lagos State Governor, Babajide Sanwo-Olu hailed the management of TD Africa for the bold initiative, even as he disclosed that the Lagos State Government is already laying the foundation for the state to be the technology hub of Nigeria and West Africa.

Sanwo-Olu, who was represented by the Deputy Governor, Dr. Obafemi Hamzat emphasised the important role of technology as a game-changer in any society.

“Technology provides data and it is the most effective way to achieve the ease of doing business. Data is the new currency. Any company that does not have a good database will collapse as it helps in the ease of doing business.

“Technology also helps in managing information. It is used in security, education and to collect data in the hospitals. Nigeria needs to urgently harness the use of technology to develop the nation,” he said

‘‘I commend the Zinox Chairman and TD Africa on the launch of this impressive technology project. Indeed, technology is the pillar of all the plans of the present administration in Lagos. In order to maximize the potential of the state, the deployment of technology is very critical,” Sanwo-Olu said.

Also speaking at the event, Chairman, Zinox Group, Leo Stan Ekeh, commended the Federal Government and the Lagos State government for their increased emphasis on the technology sector. Ekeh, a serial digital entrepreneur, described the renaming of the Ministry of Communications by President Buhari with the addition of Digital Economy as a masterstroke, even as he heaped praises on Dr. Pantami for his sterling leadership. The Zinox boss, who revealed that technology is the currency of new wealth in the 21st Century, revealed that the sector holds the key to the future of Nigeria’s digital wealth. Consequently, he called on the Federal Government to empower the youth especially in ICT, noting that Nigeria is the only place in the world where tech guys are among the poorest.

“Government needs to encourage the youths by empowering them as most of them work in that sector. Also, many youths are equally interested in developing the country through technology so they need to be empowered,” he said

In addition, he praised the Lagos State Government for creating a conducive environment for businesses to thrive, urging business owners to take advantage of the opportunity to invest in the state.

In her opening address, Head of the Tech Experience Centre, Chidalu Ekeh revealed that the Tech Experience Centre will play a key role in building local capacity and growing the Nigerian economy.

She said: ‘‘Right here and in this building, we are placing cutting-edge technology from the biggest tech giants at the fingertips of every Nigerian. As a matter of fact, we are not only bridging the gap to these technologies but also boosting local participation in the global technology ecosystem and increased adoption of technology by our people. We are excited by the multiple collaborations that would emerge from this landmark initiative, especially in view of its potential multiplier effects in re-writing our technology narrative and boosting the Nigerian economy.

‘‘The Tech Experience Centre will also play a very essential role in building capacity among Nigerians. Specifically, we intend to build an army of digitally-compliant youths and global citizens by exposing them to advanced trainings and certifications in the area of Information Technology, with many of them subsequently expected to build apps, crafts and other solutions that will address peculiar challenges in Nigeria or even solve global problems.’’

The event had a number of dignitaries drawn from the public and private sector. Among these was the Director General, National Information Technology Development Agency (NITDA), Inuwa Kashifu Abdullahi; Commissioner for Science and Technology, Lagos State, Dr. Hakeem Fahm; Chairman, MTN Nigeria, Dr. Ernest Ndukwe; Founder/CEO, MainOne, Funke Opeke; Chairman, Stanbic IBTC, Peterside Atedo; MD/CEO, Fidelity Bank, Nnamdi Okonwo; MD/CEO of Airtel Nigeria, Mr. Segun Ogunsanya, MD/CEO, Standard Chartered Bank, LaminManjang; MD/CEO, Ecobank, Patrick Akinwuntan; former Deputy Governor of the Central Bank of Nigeria, Ernest Ebi and his wife; former Chairman of Accenture, Mr. Dotun Suleiman; MD/CEO StanbicIBTC Capital, Mr. Funso Akere; Executive Director, Access Bank, Mr. Victor Etuokwu, MD/CEO,Providus Bank, Mr. Walter Akpani; Chairman, Aso Savings and Loans Plc., Alhaji Ali Magashi; former CEO, Diamond Bank, Mr. Emeka Onwuka; Founder/CEO, Britannia Oil and Gas, Mrs Catherine IjuIfejika and her husband, Mr. Emmanuel Ifejika; media entrepreneur and ace blogger, Linda Ikeji; renowned fashion couturier, Lanre Da Silva Ajayi, just to mention a few.

TheTech Centre is widely expected to boost Nigeria’s relevance in the global technology race and shore up the country’s march to technology independence.

For the first time, Nigeria will play host to the latest global technologies including those not normally available in Africa, offering all classes of visitors a first-hand experience of new gadgets, solutions and infrastructure that would have previously required a visit abroad, thereby saving corporate organizations, government establishments and individuals money or scarce foreign exchange expended on these trips.

 

 

 


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E-Business

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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Local App Developers Rake $1m in Sales in 2025- NOTAP

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National Office for Technology Acquisition and Promotion (NOTAP) has said Nigerian software developers have reached significant milestones with locally made applications generating over one million Dollar in sales across domestic and regional markets.

Local App Developers Rake $1m in Sales in 2025- NOTAP

Dr Obiageli Amadiobi, director-general of NOTAP, said this in an interview with the News Agency of Nigeria (NAN), on Thursday in Abuja.

Amadiobi said the development signified the growing strength of Nigeria’s digital innovation ecosystem and how local innovation powers digital growth.

She said it was also a direct outcome of targeted support initiatives led by NOTAP.

She added that the initiative helped to build capacity, protect intellectual property, and connect developers to market opportunities.

According to the NOTAP boss, the journey from concept to impact started with understanding and securing intellectual property (IP) rights, a step many local innovators missed.

“Whether it’s a literary work, a laboratory invention, or a creative digital product, the process of bringing an idea to life demands immense time, skill, and dedication.

“An innovator might wake up with a solution to a pressing problem; spend months testing and refining it and achieve remarkable results; so it is their fundamental right to patent that creation and claim ownership.

“Without this protection, someone else could easily replicate their work; patent it in their name; and legally control what was built with Nigerian brainpower,” she said.

Amadiobi said that the challenge was compounded by widespread digital piracy and counterfeiting, which hit the ICT sector hardest.

“From copied software applications to replicated content on social platforms like TikTok, unauthorised duplication has become a major barrier to growth.

“We see talented young creators develop unique digital content or tools, only to watch others rebrand and profit from their work within weeks,” she said.

The DG noted that most popular online personalities with distinctive styles often don’t realise they could protect their original contributions through IP registration.

She said that to address these gaps and unlock the value of Nigerian innovation, NOTAP implemented a multi-pronged strategy,- a cornerstone initiative – which is the Local Vendor Policy.

“The Local Vendor Policy mandates that foreign technology firms entering Nigeria partner with domestic counterparts,’’ she said.

Amadiobi said that among the performing apps are solutions addressing critical local challenges such as a mobile health platform that now serves 750,000 users across six states.

“There is also the agricultural marketplace connecting smallholder farmers to buyers; and an educational tool that has been adopted by 200 schools to improve learning outcomes,” she said.

She added that the apps were developed by teams that gained skills and resources through NOTAP’s Local Vendor Policy.

According to her, the policy requires foreign technology firms operating in Nigeria to allocate a portion of their technical service fees to local partners.

“Three years ago, many of these developers were only providing support services to foreign companies.

“But today, they are building their own products that compete globally. 60 per cent of last year’s sales came from other African countries, showing our developers can lead on the continent,” she said.

The D-G explained that the one million dollar figure represented sales from over 50 locally developed apps, with individual developers earning between 5,000 dollars and 80,000 dollars from their products.

“Looking ahead, NOTAP aims to double these sales figures by 2027, with plans to expand support to developers focusing on fintech, renewable energy management, and climate adaptation tools.

“These are the sectors identified as high-growth opportunities for Nigerian innovation,’’ Amadiobi said


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Gold Hits Record $5,110/Ounce Amid Trump Tariff Threats, Geopolitical Fears

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Gold prices smashed through $5,100 per ounce on Monday, January 26, surging to a historic peak of $5,110.50 as investors rushed into the safe-haven asset amid escalating geopolitical tensions and U.S. policy volatility.

Gold Hits Record $5,110/Ounce Amid Trump Tariff Threats, Geopolitical Fears

Gold

Spot gold climbed 2.2% to $5,089.78 by 0656 GMT, while U.S. February futures rose similarly to $5,086.30. The metal, up 64% in 2025—its strongest annual gain since 1979—has now advanced over 18% year-to-date, fueled by safe-haven buying, anticipated U.S. rate cuts, China’s 14th consecutive month of central bank purchases in December, and massive ETF inflows.

Analysts point to a crisis of confidence in U.S. assets, sparked by President Trump’s erratic threats last week. He retreated from tariffs on European allies to pressure Greenland seizure, then vowed 100% tariffs on Canada over a potential China trade deal and 200% on French wines to push President Emmanuel Macron toward a “Board of Peace” initiative.

“This Trump administration has caused a permanent rupture in global norms, driving everyone to gold as the sole refuge,” said Kyle Rodda, senior market analyst at Capital.com.

A weakening dollar—hit by a rising yen and pre-Fed meeting caution—further boosted gold’s appeal for non-dollar holders, with markets eyeing possible yen intervention.


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