E-Business
FG to Partner Huawei on Smart Cities Initiative

Adebayo Shittu, minister of communications said that the Federal Government would partner Huawei, a global technology giant, in its smart cities initiative .
Shittu stated this in Abuja, at a Smart Cities two-day multi-stakeholders international summit, sponsored by Huawei, in collaboration with Smart Cities Nigeria, Ministry of Communications, Ministry of Works, Housing and Power, Federal Capital Territory Administration and Ministry of Environment.
The Minister said that the partnership with Huawei provide grounds to reshape the way public service is provided and managed in Nigeria.
According to Shittu, “More people now have access to smart phones. Experts said that smart phones users in Africa will increase from 75 million in the first quarter of 2016 to 512 million 2018.
“Smart Cities would promote open data is one of the advantages of smart city. Smart City helps to manage government resources. It also helps to get more revenue for the government.
“Nigeria is a journey of greatness and together we will arrive at the destination of our dreams. In order to encourage competition among States and Local governments, the Ministry of Communications would soon launch the Smart City competition, this is to encourage them to take a bolder steps go the level of digital technology.
“I urge stakeholders to partner with the ministry to create smart cities in Nigeria.”
Mr Tank Li, managing director, Huawei Technologies Nigeria Limited, said the development and widespread application of digital technologies had transformed lives in a profound way.
He noted, “Data flow and economic development have become the big trends of our time; digital economy is a new form of economy in which everyone can share.
“Digital economy refers to an economic system in which digital technologies are widely applied, revolutionizing the whole economic environment and activities. Digital economy is also a brand new socio-political and economic system in which all information and commercial activities are digitised.
“Businesses, consumers and governments do business via the Internet, allowing for rapid business growth. Digital economy focuses on commodities and services whose production, distribution, and sales all rely on digital technologies.
“We project in the near future a digital economy that will bring about enormous changes in society. We simply have no way of knowing how deep and far-reaching these changes will be. However, we can be sure of one thing, that ICT will be the cornerstone of this digital economy.
“In our philosophy, the digital economy has three defining characteristics: All things will have the ability to sense, all things will be connected, and all things will be intelligent.
“The existence of these three defining characteristics depends entirely on advanced ICT. In an intelligent world, devices will play the role of the “feelers” in an all-sensing environment. Networks will connect everything, and the cloud will be the source of intelligence behind all things. These three elements form a synergetic architecture of devices, information pipes, and the cloud.”
He said, “This fourth industrial revolution is going to impact people’s lives in unimaginable ways and this will happen through the convergence of the cyber and physical worlds. The Internet of Things is automatic ‘smart’ communication between objects, through the internet.
“McKinsey Global Institute says in a report last year that IoT could have a total economic impact of $4 trillion to $11 trillion a year by 2025. IoT pervades many areas of life.
“For example, inside Nestle Malaysia Bhd’s headquarters in Petaling Jaya, there is a room with a huge screen covering an entire wall that tracks key words related to the company’s products on the Internet.
“The sales force social studio is where Nestle’s Malaysian digital acceleration team, which was set up in early 2014, analyses consumer trends specifically for the company’s social media campaigns and market research.
“But this is only one aspect of IoT, another is efficiency. The data collected is used to make businesses more efficient and better able to react.
“Nigerian government has realized the potential of its digital economy. Unlocking the dividends of digital economy becomes imperative in the face of dwindling oil revenue with increasingly pressure on the economy evident in budgets deficit, infrastructural deficit, high unemployment rate, harsh business environment and corruption amongst others.
“Federal government is about to launch the “Smart Nigeria Digital Economy Project” that aims to solve efficiency problems and create leapfrog opportunities in the economy for the next 10 years.
“Minister of Industry, Trade and Investment Okechukwu Enelamah said the financial services within the country’s digital economy would add $88 billion to the gross domestic product (GDP) and create more than 3 million jobs within 10 years. The potential gains of the digital economy will manifest in digital accounts, payments, mobile money, health and educational services along with other sectors of the economy.
‘I fully agree with the fact that, ICT-enabled technologies and solutions has the huge potential to serve as a major accelerator of the vision of Smart Nigeria Digital Economy and its sustainable development goal.
“As a global leading ICT solution provider, Huawei’s products and solutions have been deployed in over 170 countries and regions, serving more than one third of the world’s population.”
E-Business
UK Orders Apple to Create Backdoor for Encrypted iCloud Data

United Kingdom has issued a “technical capability notice” to Apple, mandating that the company create a backdoor to access users’ encrypted iCloud data.
This directive, issued under the Investigatory Powers Act of 2016, requires Apple to provide British security officials with the means to retrieve all content uploaded to iCloud by any user worldwide.
Apple’s Advanced Data Protection (ADP) feature, introduced in 2022, offers end-to-end encryption for iCloud data, ensuring that only users can access their information.
The UK’s demand challenges this security measure, potentially compelling Apple to either comply by creating the backdoor or withdraw the ADP feature from the UK market.
Compliance could set a precedent, leading other governments to request similar access, thereby raising global privacy concerns.
The UK Home Office has declined to confirm or deny the existence of such notices, stating, “We do not comment on operational matters, including, for example, confirming or denying the existence of any such notices.”
This development underscores the ongoing tension between governmental surveillance efforts and technology companies’ commitments to user privacy.
E-Business
Oracle Adds AI Pricing Features to Financial Software

Oracle on Thursday added another set of artificial intelligence (AI) tools to NetSuite, one of its corporate finance software offerings, including some that might make it faster for consumers to get a price quote on purchases like custom bicycles.
Oracle has taken a different tack with AI than rivals such as Microsoft. Rather than racing toward general purpose virtual assistants, Oracle has decided to add targeted features that speed common-but-tedious tasks like entering a brief write-up of how a sales meeting went into a corporate records system.
Another such task that is common in the business world is giving a customer a price quote on a complicated purchase that might have a lot of options, when a sales professional would need to sift through materials to come up with a price.
NetSuite on Thursday announced a feature to compile such a quote via conversation with a chatbot asking what the customer wants, which can either be used by sales professionals behind the scenes to speed up their work, or directly by consumers in the case of e-commerce businesses.
“When you buy something like a bicycle, you have to configure it – figure out what parts you want and which parts work together. We all do it when we buy our cars on the web these days,” Evan Goldberg, executive vice president of Oracle NetSuite, said.
“If you can configure (products) for customers more easily, you can do more deals in a day, or each deal costs less.”
To power those features, Oracle has decided to skip the costly race to develop huge AI models and instead works with partners such as Canadian startup Cohere.
Goldberg said that Oracle’s recent agreement to build massive data centers with ChatGPT creator OpenAI could lead to working with it as well, though the two firms have made no formal announcements.
“I think you could safely say that there’s a possibility that OpenAI will be part of this,” Goldberg told Reuters. “We are eager to work with OpenAI.”
E-Business
IBM Exits Nigeria and Ghana, Transfers Operations to MIBB

IBM, the American multinational technology giant, has reportedly announced plans to exit Nigeria, Ghana, and other key African markets, transferring its regional operations to MIBB, a subsidiary of the Midis Group.
The move, which according to TechCabal was revealed in a statement by the company, effective April 1 2025, is part of a new operating model IBM is adopting across select African countries.
Under this arrangement, MIBB will take over IBM’s local operations, customer support, and relationships while marketing and selling IBM products and services across 36 African nations.
“MIBB will market and sell IBM products and services in 36 African countries, thereby giving MIBB’s sales network direct access to IBM products, services, and support, further boosting innovation and growth in the region,” IBM stated.
IBM has been a key player in Africa’s tech industry for decades, providing critical infrastructure for banking, telecom, oil and gas, and government services.
However, its planned exit follows a trend of multinational corporations leaving Nigeria.
In December 2024, Swiss cement giant Holcim announced its departure from Nigeria, selling its 83% stake in Lafarge to a Chinese firm.
Similarly, South African grocery retailer Pick n Pay disclosed plans in October 2024 to exit Nigeria by selling its 51% stake in a joint venture.
IBM has yet to respond to media inquiries regarding the specifics of its transition strategy and reasons for the exit.
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