News
Hafol’s Partners Showcase Tech Innovations for Reduced Capex

New technological innovations that offer cost-effectiveness in the areas of reduced capital expenditure (CAPEX) and operational expenditure (OPEX) for businesses and organisations in Nigeria have been showcased at a customer forum engagement organised in Lagos.
Organised by Hafol Resources Limited, an indigenous Information and Communication Technology (ICT) and managed service solution company, the forum was specifically designed to discuss cutting-edge technological innovations, which Hafol and its various business partners and original equipment manufacturers (OEMs) can deploy for their clients.
Hafol is one of the subsidiaries of TopTech Engineering Limited, a one-stop shop for all ICT requirements for businesses and other organisations in Nigeria and beyond.
At the forum, partners/OEMs presented the latest innovations in ICT products cutting across ConvergeIT solutions by Siemon; SofGen core banking solution; high-security locking solutions by Abloy; Telergon’s lighting solutions as well as innovative solutions from other OEMs such as Westcon Comsteor.
Meanwhile, the representative of Siemon, Mr. Jide Olagbenro; Country Manager, West Africa, Abloy, Mr. Nkechi Uyanna; Export Area Manager, Telergon, Mr. Jose Perez; Vice President, East and West Africa, SofGen, Mr. Adam Uyaga, among others, during their presentations, commended Hafol for being a reliable partner in deploying cost-effective IT solutions for businesses.
During his presentation on ‘The Path to Smarter, Greener Building’, he said that Siemon ConvergeIT has positioned itself, working with Hafol to unleash intelligent building solutions to the Nigerian market.
According to him, today’s buildings are infused with communication systems that make them move towards internet protocol (IP) convergence through Power over Ethernet (PoE) described as any of several standardized or ad-hoc systems which pass electric power along with data on twisted pair Ethernet cabling.
On his part, Mr. Adam Uyaga, vice president, East and West Africa, SofGen, encouraged banks in the region to adopt end-to-end banking IT services, both in and around core systems, ranging from requirements analysis and system selection to implementation and beyond, as part of measures to stay ahead of competition.
Uyaga said that technology is the primary means to reach about 70% unbanked Africans, adding that banking and other financial institutions can leverage on the potentials through digital lending: integrated solutions such as online banking, and other sensitive solutions for risks management- like credit lending, collection solution.
All the partners and OEMs at the event said they would deepen their business partnership with Hafol towards ensuring that end-users get Capex and Opex savings.
Mr. Bode Oyesina, managing director, Hafol Resources, explained that the company has transformed into a more vibrant and innovative company, by working with partners and OEMs towards developing solutions that meet the demands of end users.
“The reason behind this forum is to see how we can m get more from investment that clients have made over the years in ICT infrastructure in various organisation.
“As a company, we are involved in managed services in its various categories. We have implemented various IT projects of different budgets and at different levels for organisations; we are also involved in providing technical training, supply of hardware and IT security, among others and we will continue to work with various partners to see how we can deliver more values for businesses,” he said.
In his contribution, Mr. Deji Adeniyi, executive director, TopTech, said, “In the current economic recession in Nigeria, organisations should begin to look at their overheads and other options where their non-critical functions are outsourced to cut cost and this is where Hafol and its partners come in.”
Adeniyi stressed the importance of partnering with Hafol Resources, especially in the ICT solutions and managed services.
“Outsourcing is becoming the in-thing in today’s business and that one of the ways businesses can survive the ongoing recession in Nigeria and Hafol is fully positioned to assist in this area.”
The quality panel session organised and anchored by Hafol Deputy Managing Director, Mr. Oriade Fashoyin, beamed a searchlight on issues on how businesses can survive in the current economic situation by deploying innovative technologies that offer cost-efficiency for businesses.
The panelists, consisting of the Chief Executive Officer of Precise Financial System (PFS), Mr. Yele Okeremi, alongside all Hafol partners, emphasised the need for businesses for businesses to have effective succession plan that guarantees their existence for many years into the future, delivering value to the economy, among others.
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.
News
Study Shows 38% of Northern Women Lack Access to Financial Services

A new study by Bayero University, Kano, has found that 38 per cent of women in Northern Nigeria do not have access to financial services.

The study, carried out by the Aminu Kano Centre for Democratic Studies of the university, was supported by the Gates Foundation. It examined how social norms and behavioural factors influence financial inclusion across the 19 Northern states.
The report, titled “Understanding Influence and Behaviour in Northern Nigeria” and unveiled in Abuja on Wednesday, stated that while 52 per cent of women are financially served, only 45 per cent access formal financial services through deposit money banks, merchant banks, interest-free banks and microfinance institutions.
It stated that “38 per cent of women across the region lack access to financial services. “52 per cent of women are financially served, while 45 per cent access formal financial services through Deposit Money Banks, merchant banks, interest-free banks and microfinance institutions. An additional seven per cent utilise other formal non-bank financial products, including insurance services. ”
Speaking at the unveiling, the Director of Academic Planning at Bayero University, Prof. Yusuf Garba, who represented the Vice Chancellor, Prof. Haurna Musa said the research was designed to uncover why the region lags in financial access.
“This study, which started in 2024, aims to examine how social norms influence attitudes and behaviour of various groups across Northern Nigeria, particularly to find out why states in the region fall behind in access and use of financial services,” he said.
Garba explained that the research, conducted over 18 months, produced two volumes detailing how influence structures, trust hierarchies, gender norms, and religious considerations shape decisions around finance, health and education.
He added, “The report is structured into volumes to provide a unified explanation of how social norms, authority structure, and trust shape financial behaviour across Northern Nigeria.”
On the findings, the Principal Investigator, Prof. Ismael Zango, said the data aligns with figures from the National Bureau of Statistics, particularly on poverty and unemployment.
According to him, “unemployment in the region stands at about 37 per cent,” while “poverty levels average about 80 per cent across Northern Nigeria, with Sokoto State recording the highest rate at over 80 per cent.”
Zango stressed that addressing financial exclusion requires more than temporary interventions.
“Economic empowerment must go beyond token financial support,” he said, adding that “sustainable development requires equipping women and youths with relevant, market-driven skills.”
He cited women-led initiatives such as groundnut processing groups in Kebbi State and the Women in Agriculture programme in Kano State as practical models.
“These initiatives should be scaled up to bring more people into productive economic activities and reduce poverty,” he said.
In her remarks, the Chief Executive Officer of Enhancing Financial Inclusion and Advancement, Mrs. Foyinsolami Akinjayeju, described financial inclusion as both an ethical and economic imperative.
Akinjayeju called for stronger collaboration among stakeholders, including government, financial institutions and development partners, as well as policy reforms to address existing gaps.
“Everyone has a role to play, but commitment must come from the top,” she said.
The findings come amid growing concerns over low financial inclusion rates in Northern Nigeria, driven by poverty, unemployment, and entrenched social norms that limit women’s economic participation.
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