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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

NDPC Warns of Offshore Data Risks as 90 Percent of Country’s Data is Hosted Abroad

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Nigeria Data Protection Commission (NDPC) has raised concerns over data sovereignty, national security as well as loss of economic value, as over 90 per cent of Nigeria’s data is hosted abroad.

NDPC Warns of Offshore Data Risks as 90 Percent of Country’s Data is Hosted Abroad

Pic credit…247digitize.com

Vincent Olatunji, national commissioner/CEO, NDPC, stressed the importance of safeguarding Nigeria’s digital economy through strong data protection and privacy frameworks.

He spoke while while delivering a keynote address at the IoT West Africa Conference, where he stated that the trend poses significant risks to Nigeria’s control over its digital assets.

He further described the situation as precarious for the nation’s sovereignty, and called for urgent investment in local data infrastructure.

Olatunji, highlighted data sovereignty, the growing role of data centres, and regulatory expectations under the Nigeria Data Protection Act, 2023, noting both the benefits of compliance and the risks of non-compliance. Olatunji underscored that data centres are now critical infrastructure for Nigeria’s digital transformation.

While decrying that over 90 percent of the Nigeria’s data is hosted abroad which is precarious for the nation’s sovereignty he encouraged for more investment in the sector as it is projected to reach $1.9 billion by 2031.

Also speaking, Kashifu Inuwa, the director-general of the National Information Technology Development Agency (NITDA), said policy is emerging as the key driver of Nigeria’s digital transformation, particularly in shaping the development of the Lagos-Abuja digital corridor.

“While infrastructure responds to demand, policy creates the enabling environment for sustainable growth,”

Inuwa who was represented by Aristotle Onumo, director, stakeholders management and partnership at the IoT West Africa Conference in Lagos, on the theme “The Lagos-Abuja Digital Corridor: Building Africa’s Next Data Centre and Cloud Hub.”

Inuwa emphasised that while infrastructure responds to demand, policy remains the critical driver that creates an enabling environment for sustainable digital growth.

He explained that Nigeria’s broadband policy, which stipulates minimum speeds of 10 Mbps for rural areas and 25 Mbps for urban centres, provides a strategic framework for prioritising infrastructure deployment along the Lagos-Abuja digital corridor.

He cautioned, however, that without deliberate collaboration and partnership between government, the private sector, and civil society, widespread infrastructure rollout would remain challenging. “Collaboration is the pathway that massifies impact, while partnership harnesses collective intelligence. No one can achieve this in isolation,” he said.

Inuwa also spoke on the Nigerian Sovereign Cloud Project; a flagship initiative aimed at strengthening indigenous cloud service providers and preventing the dominance of Nigeria’s digital infrastructure by foreign hyperscale operators.

By scaling local infrastructure to meet global standards, the project seeks to domesticate data hosting, reduce operational costs, and improve access to cloud services across the country.


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Opay Plans IPO in US, Targets $4Bn in Valuation

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Opay, a financial technology (fintech) firm, is working with Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase & Co. for an initial public offering (IPO).

Opay Plans IPO in US, Targets $4Bn in Valuation

According to a report by Bloomberg on Friday,  sources said the platform, backed by SoftBank Group Corp., is considering a listing in the United States and is targeting a valuation of about $4 billion.

They added that the company could proceed with the share sale later this year, although the timing and size of the offering are yet to be finalised.

Opay is one of Africa’s fastest-growing fintech firms, offering mobile payments, transfers, and other financial services across Nigeria.

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The fintech company, Citi, Deutsche Bank, and JPMorgan have not publicly commented on the IPO plans.

Like Opay, Flutterwave, a major fintech company in Africa is planning an IPO.

 


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How Nigerians Search is Changing — and Why it Matters for Our Businesses

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By Olumide Balogun

There was a time when using a search engine felt like cracking a code. You typed two or three carefully chosen keywords, hoped the machine understood, and waited to see what came back. People had to learn the language of machines, shrinking complex needs into stilted phrases.

How Nigerians search is changing — and why it matters for our businesses

Olumide Balogun, Director, West and East Africa at Google.

That era is ending. Today, a person can ask a question the same way they would ask a colleague, and the technology is finally learning to respond in kind. Nowhere is this shift more visible than in Nigeria, where a young, mobile-first population expects tools to keep pace with how they actually think and speak.

This change carries weight far beyond convenience. It is reshaping how Nigerian businesses reach customers and how customers find what they need.

For years, marketing online meant wrestling with rigid keyword lists. A small business owner had to guess every possible phrase a customer might type. If you sold ankara dresses, you tried “ankara dress,” “Nigerian print fabric,” “traditional wear Lagos,” and a dozen variations, hoping you covered the gaps. Anything you missed was a missed customer

The new wave of conversational search makes those lists feel ancient. People now ask layered, specific questions: “Where can I find a sustainable tailor in Yaba who makes office wear?” Older systems would have stumbled on a query like that. Newer ones, powered by artificial intelligence, can read intent and stitch ideas together. They connect a question to a relevant local website that a basic keyword search might never have surfaced.

The shift is starting to show up in concrete tools. Google’s AI Max for Search ads, now a year old, is one of the more visible examples. In plain terms, it lets a business describe what it sells and who it serves in everyday language, and the system figures out which searches to match it to, instead of forcing the owner to write hundreds of keywords by hand. Early adopters report stronger revenue growth than peers, and users say results feel more useful because the technology connects ideas for them, often surfacing local sites that would not have appeared before.

There is a quieter benefit too. When advertising becomes more relevant, it stops feeling like an interruption. An ad that answers a real question is no longer noise; it is information. That changes the texture of the internet. The marketplace gets less cluttered, and people spend less time wading through results that do not fit what they were looking for.

None of this is automatic. The technology only works if it can understand human nuance, and human nuance in Nigeria is not the same as human nuance in California. A search for “owambe outfit” or “small chops for fifty people” demands cultural context, not just linguistic translation. Newer features try to bridge that gap. AI Brief, a part of the same Google toolkit, lets a business owner type plain instructions, like “focus on sustainable traditional wear, keep a premium tone,” and the system follows them. This is steering by intent, not by keyword bingo.

There are gains for businesses with deep catalogues too. A retailer with thousands of items no longer has to match every question to the right page by hand. Tools such as Google’s Final URL Expansion read the search and send the customer straight to the page that fits, in real time. In travel, finance, and healthcare, where compliance matters, the same systems can carry mandatory legal text into every ad automatically. Regulated industries can grow without cutting corners.

These are not abstract wins. They are the difference between a small business being found by a customer in Abuja at 9 p.m. and being lost in a sea of generic results, between a hospital reaching the right patient and a tailor in Surulere being discovered by a bride planning her wedding.

We should not pretend the transition is finished. AI is imperfect. It can misread context, amplify mistakes, and require careful oversight. Regulators, businesses, and users all have a role in shaping how it develops in our market. The broader direction, however, is clear, and it is one Nigeria should engage with rather than resist.

Nigeria is a nation of storytellers and traders. Our markets, physical and digital, have always been about conversation. The technology of search is finally beginning to mirror that. It is becoming less of a vending machine and more of a market stall, where you can ask a question, get a real answer, and discover something you did not know you needed.

That is the bigger story behind any single product launch. It is about how a country full of voices is finding new ways to be heard. For Nigerian businesses willing to adapt, the opportunity has never been clearer.


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