E-Business
ICT Sector this Year from Leo-Stan’s Observatory
2013 is just two years from 2015, the year set aside for the attainment of the Millennium Development Goals, and seven years from 20 2020, Nigeria’s self set date to join the top 20 economies of the world.
Between 18 and 24 months from now the world would start listing the degrees by which nations attained the MDGs.
Nigeria is not likely to be upset if her name does not come up for mention in 2015 because we have set a superior goal for 20 2020. Coincidentally but unfortunately the sense of urgency has just been deleted from the pursuit of 20 2020 by the declaration from the USA that Nigeria would be a world leading economy in 2030.
The shifting of dates for national development is about to become a national past time. However, that research, from the USA, is suspect because it is coming from the very shores that have predicted the disintegration of Nigeria by 2015.
Meanwhile, it is generally accepted that ICT will drive the transformation of Africa, with Nigeria in the forefront, from an agricultural to knowledge society.
Rather than wait for 2030 we can invest in ICT not as a panic measure as we did in 2006 and 2011 salvaging the voters’ registration exercise by importing, assembling, and deploying over 120,000 laptops and data capture machines in a few weeks.
In the process we overwhelmed the volunteer work force that INEC had engaged for the exercise. Come to think of it we tend to have a special liking for panic measures as was recently played out in the now controversial attempt to buy 10 million GSM phones valued at N60billion for rural farmers in Nigeria.
Whether our development as a nation is pegged to any timeline or not, the sober thing for us to do today would be to adopt a long term ICT strategy to ensure that we are ready to leap when opportunity calls.
There are key objectives that ICT professionals must pursue in 2013 as our contribution towards creating a character for the ICT industry while refocusing this nation.
As an IT entrepreneur, let me begin with the objective of education, which I believe is the most daunting challenge facing the development of the ICT sector in Nigeria.
We have not focused enough on education as a people who see ICT as a golden opportunity – computer appreciation for the general public and for first time users, reviewing the content of the ICT curriculum in schools, massive campaign to teach computer literacy to teachers (at all levels) and civil servants, retraining existing professionals to capture recent trends and innovate for the fatherland and setting up incubation centers.
It would be right to assert that the computer finally arrived in Nigeria in 2001 with the emphatic launch of Zinox Computers.
The wonder-exclamations that the launch achieved from the highest levels of Government to the citizens in the street convinced me at the time that we were right to initiate the Computerize Nigeria Initiative, a company that was dedicated to the creating of awareness for the adoption of the computer as a major tool for work and play. T
he scope of work to be done in education further dawned on me when I met distinguished Professors who familiarized themselves with the computer keyboard for the first time ever at a Zinox hands-on workshop.
All ICT companies take training so seriously that it should be an integral part of their marketing strategy. Last week I had to cut short a business trip abroad to take part in training for 20 teachers from the North East.
The emphasis is on training the trainer but often we have to train the work force of our Clients’ on how to operate and maintain new equipment. The more people that become knowledgeable about the computer, the more prospects we are likely to have for computer ownership and the fewer ignorance related calls we get for support.
The CNP spent huge sums placing advertisements in the newspapers targeted at governments on the need to computerize their citizenry and operations. However, there is a limit to what one company can do in a country of 160 million people.
In 2013 I would like to see an orchestrated approach that would speed up the building of local capacities working through the schools, professional bodies and the mass media possibly within the framework of the Public Private Partnership.
Closely related to the quality of formal education is the issue of Young Innovators. My regular sponsorship of the National Association of Computer Science Students, NACOSS, provides insight to the immense potentials of these young persons.
Quite recently I had to provide support for a group that is working to make the CBN’s cashless policy the mode in all campuses.
In 2013, I want to see more corporate persons sponsor youth competitions, workshops and fairs. Each State Government should at least sponsor one NACOSS event in 2013.
As in previous years the answers to what constitutes local content and how to enforce its imperatives would determine the rate of PC penetration in 2013. Foreign competition, academics and politicians have belabored the concept of local content and deliberately blurred the strands of national interest in the concept.
I am a Nigerian entrepreneur and the new global economy can only be relevant to me to the extent that it helps to grow the financial, technical, and manpower needs of Nigeria. Local content is a concept used to define the extent to which a product or service is locally produced.
It also refers to the ratio of locally produced products and services that are deployed in the day to day running of an organization.
For example, the Zinox brand of computers was developed by Nigerians, designed by us, fabricated with partners in China and assembled here in Nigeria.
The imprint on the product is Made in Nigeria and proponents of local content are saying that the best way to support local industry is through patronage.
They also agree that the only way to tackle the scandalous preference for foreign products is to sanction all those who flout the Presidential directive that MDA’s must buy Made in Nigeria PCs. All those who talk of efficiency, competitiveness, and the new global economy in abstract terms miss the point.
The same academics would point to China, India and Brazil as examples of emerging economies that have got it right but they fail to mention that these countries all had protectionist policies that worked.
China and India together are home to over 2.5 billion people and the need to create employment, wealth and a stable society gave rise to policies that restricted what products can come into their country.
I can tell you that Coca Cola, in spite of its popularity and clout, was not being sold in India when I was a student in the early eighties. Every country with its national interest and security well defined strives to be an exporter and not an importer of goods and services.
The industry is pleased with the pedigree of the Minister of Communications and Technology, Mrs. Omobola Johnson, as a professional who was appointed on the basis of her being an active participant in the ICT sector.
She certainly knows where the shoe pinches. We trust that in 2013 she would concretize her initiatives to improve local content development in the ICT sector.
In particular, we want to see her join issues in the public domain, in the absence of sanctions, with MDA’s who flout the Presidential directive to buy Made in Nigeria PCs; set up a machinery to police the multinationals to ensure that they outsource their business processes to Nigerian ICT companies, national interest would best be served if installation contracts, maintenance, upgrades and procurement are handled by Nigerian companies against the tendency to outsource to Asian companies; the students’ PC ownership scheme requires fine-tuning because no students’ loans scheme has worked in this country, only a stimulus of this nature can guarantee that the IT sector records growth in 2013; force banks and oil and gas companies to compulsorily run Nigerian software as alternative packages in their businesses; ban the importation of all consumer PCs into the country; liaise with her counterparts in the West African sub region with a view to form an alliance that allows a free flow of goods, services, know-how and capital.
I see a very busy but tough 2013 for Madam Minister, an uncharitable course for the delectable lady from Accenture.
There was another lady, within the current democratic experience, who was appointed into the pharmaceutical sector at a time when Nigerians were dying in droves because of fake drugs.
A gun was aimed at her head but rather than run she chose to dig into the trenches and by the time she left office, Nigerian pharmaceuticals were being proudly exported to countries in the West and East Africa sub region.
The issue of quality must be addressed in 2013 by Nigerian ICT practitioners. When I launched Zinox in 2001, Microsoft in endorsing the product said that Zinox had ‘surpassed international quality standards’.
I can tell you that most Nigerian OEMs produce very high quality and world-class IT products because competition is keen and the home environment is skeptical.
Their devices are often fabricated in the same Asian workshops that fabricate for the ignorantly preferred foreign brands. The problem is that the sector is hampered by the lack of human, technical, and financial capital to respond satisfactorily to the realities of supply and demand. Moreover, the trendy pace (sometimes faddish) of international competitors is always pressurizing the logistics and inventory capacities of the local OEMs.
Threatened by regular losses each time the market migrates from one hyped variant to another, the local OEMs are forced to order in small numbers at a time.
The result is the high cost of operations and inevitably higher costs for local brands in a market where there are hardly differentiating attributes between brands.
The local OEMs must pull their resources together, submerge the ego of maverick brands, share know-how, and produce under one or two truly digital plants if they are to survive the challenges facing them and lead this nation to her manifest destiny.
Nigerian OEMs must learn from their brothers in hip hop music – these are the days of the collaboration and it is common to see musicians who are in a feud today, collaborating tomorrow.
Let me conclude this piece by expressing my satisfaction with the 2012 NITMA Awards because it threw up for our review some of the problems facing the Awards and Recognitions mechanisms within the industry.
I congratulate Juliet Ehimuan Chiazor of Google Nigeria for winning the IT Personality of the Year. Her professionalism must have made a difference for the highly critical membership of the Nigeria Computer Society, NCS, to choose her.
The leadership of the NCS also receives my appreciation for permitting Dr. Eugene Juwah, Juliet Ehimuan Chiazor and the CBN Governor Sanusi Lamido Sanusi to be among the personalities shortlisted for the Award.
However, it is important to note that one of the functions of an Award is to use the yearly tracking of performances to tell the story of an Industry.
For example, how did all the nominees for the IT Personality of the Year 2011 crash out of contention in 12 months?
Did they give up on the work that recommended them in 2011? I agree that an Award does not follow a succession plan but the chances are that those who were in contention with Juliet Chiazor in 2012 would also be in contention in 2013 unless some rare work opportunity throws up a new personality.
This observation is not meant to cast aspersions on NITMA 2012 but to strengthen its mechanisms as it evolves to be the most authoritative ICT Awards in Africa.
In 2013, I would love to see the ICT Publishers Alliance develop a memorandum of understanding that would bring all media initiated Awards in the ICT sector under one powerful, credible, and viable platform.
This is one instance when the phrase ‘the more the merrier’ means bad business. 2013 calls for closing of ranks among all stake holders in the ICT sector if we are to achieve the globally competitive ICT industry of our dreams.
Leo Stan Ekeh, is Chairman, Zinox Group.
E-Business
Check Point Reveals Nigeria as Second Most Targeted African Country for Cyberattacks in November

The November 2025 Global Threat Intelligence report released by Check Point Research on Tuesday, shows Nigerian organisations faced an average of 3,374 cyberattacks per week.

Making the country as one of the primary targets for cybercriminals in Africa last month, with a record of a staggering volume of digital threats despite an overall decline in attacks across the continent.
The report shows that this figure places Nigeria second among the four major African nations analysed, trailing only Angola, which topped the list with 4,251 weekly attacks per organisation.
While Africa as a whole saw a 13 percent year-on-year decrease in cyber incidents, Nigeria’s high numbers reveal a persistent vulnerability within its digital infrastructure. Kenya and South Africa followed Nigeria with 2,384 and 1,863 weekly attacks, respectively.
The report also identified government institutions and financial services as the most targeted sectors across Africa. Globally, the education and research sector remained the most frequent victim, hit by an average of 4,656 attacks per week.
A significant highlight of the report is the emerging threat posed by Generative Artificial Intelligence (GenAI). Check Point Research found that one in every 35 GenAI prompts submitted within corporate networks globally posed a high risk of sensitive data leakage.
In Nigeria and abroad, employees are increasingly using AI tools that operate outside of formal security frameworks. The report noted that 87 percent of organisations using GenAI were affected by ‘high-risk’ prompts, which often included the input of proprietary code, customer data, or internal communications into public AI models.
Ransomware continues to be a primary tool for extortion, with global incidents rising by 22 percent year-on-year. While North America remains the most targeted region for ransomware, the impact is increasingly felt in emerging markets like Nigeria.
The most active ransomware groups identified in November were Qilin, Clop, and Akira, which primarily targeted industrial manufacturing and consumer goods sectors.
E-Business
JustMarkets Launches Global Boost Contest With Gold Prizes for Traders

JustMarkets, a worldwide broker with more than 12 years of experience in the online trading realm, is launching the Boost Contest, which represents a large-scale trading activity with the purpose of motivating traders, with the most proficient traders being awarded for their exceptional performance through a number of valuable prizes. This activity will last until the 31st of January, 2026.

JustMarkets
A Competition Developed with the Goal of Providing More Opportunities for Traders Worldwide
Boost Contest competition participants will be traders with Standard, Pro, or Raw Spread accounts of the MetaTrader 4 or MetaTrader 5 platforms.
To participate, traders will only be required to have a minimum account balance of $100 with a minimum of 3 traded lots. These were the requirements set for participants. Of course, the purpose of such a competition is for every broker client to participate. At the same time, however, JustMarkets sought to encourage traders to conduct in-depth analysis, different strategies, risk, and discipline. It was with this objective that this form of competition was established.
Multiple-tier rewards system with real gold
What sets the Boost Contest apart is the Weekly Lucky Draws component, in which traders compete for real gold prizes, awarded in three levels, based on their cumulative trading volume achieved through the competition:
Tier I (more than 100 lots): 15 grams of gold (3 winners)
Tier II (50-99 lots): Gold worth 10 grams (5 winners)
Tier III (10-49 lots): 5 grams of gold (7 winners)
This competition design thus provides traders with different levels of activity with the same opportunity of benefiting from valuable rewards.
Weekly Draws to Encourage Continued Participation
Apart from the top-level prizes, the competition also includes a series of weekly prizes. Traders participating in the competition will qualify for entry into the draw if they execute a minimum of three trades per week. Five lucky traders will be awarded $200 every week.
The introduction of the Boost Contest meets JustMarkets long-term obligations in:
Engaging traders through effective rewards programs
Fostering regular and organized trading practices
Enhancing transparency and integrity within all promotion endeavors
Offering a welcoming space where traders with different skill sets can participate
This reflects the purpose of JustMarkets, which is not only to offer traders good trading terms but also opportunities that add value to the entire trading experience.
A Global Platform Built on Trust and Innovation
As a globally recognized trading platform, JustMarkets continues to invest in initiatives that elevate client experience while adhering to high operational standards. The company maintains a robust technological infrastructure, offers multilingual support, and upholds strict security principles, all foundational elements behind long-term client trust.
The Boost Contest shows JustMarkets dedication to create a convenient and transparent trading environment where everyone can reach their full investment potential by clear rules, transparent rewards, and a stable trading ecosystem.
E-Business
Microsoft Empowers 350,000 more Nigerians with AI Skills

Microsoft, in collaboration with the Federal Government of Nigeria, Data Science Nigeria, and Lagos Business School, today announced a major milestone in its AI National Skills Initiative (AINSI), with more than 350,000 Nigerians reached with AI skills through the programme. This achievement builds on Microsoft’s longstanding partnership with the government, which has delivered digital training to over 4 million people since 2021.

Microsoft
The milestone underscores Nigeria’s commitment to inclusive, technology-driven growth and reflects strong progress in preparing individuals and organisations to thrive in the digital economy.
“Nigeria cannot afford to wait,” said Abideen Yusuf, General Manager, Microsoft Nigeria and Ghana. “AI is reshaping every sector, and the countries that move fastest on skills will lead. We must equip people now, at scale and with intent, so the immense opportunity presented by AI doesn’t pass us by.”
Olayinka David-West, Dean of Lagos Business School, emphasised this point: “AI skilling is no longer optional for Nigeria’s digital future—it is the foundation of our competitiveness. At Lagos Business School, we believe that equipping leaders and citizens with AI capabilities is essential for driving inclusive growth, innovation, and national transformation.”
As it stands, a significant percentage of Nigerian graduates are still to acquire digital skills, highlighting the importance of workforce readiness. Launched in January, the second phase of the Nigeria skilling programme, under Microsoft’s AINSI, aims to reach 1 million citizens over three years, strengthening Nigeria’s AI capability and national competitiveness. AINSI is helping drive a range of different programmes designed to embed AI skills across every sector of the economy.
Empowering organisational leaders
Over the past year, AINSI has advanced ethical and inclusive AI leadership in Nigeria’s public sector. Working with Lagos Business School, the Federal Ministry of Communications, Innovation and Digital Economy, and the National Centre for Artificial Intelligence and Robotics, Microsoft has trained 99 public sector leaders, including Members of the National Assembly and senior executives from 58 ministries and agencies. These sessions equipped leaders with strategies for AI-powered reporting and sector-specific roadmaps.
Equipping developers for the future
Developer-focused programmes are creating a strong pipeline of technical talent. Through government-driven initiatives like Developers in Government (DevsInGov) and the 3 Million Technical Talent initiative, led by the Ministry of Communications, Innovation and Digital Economy, developers in public sectors have gained new skills. Around 645 participants have been trained in analytics and AI integration. Another 1,000 developers learned advanced skills in areas such as DevOps, machine learning and data science. These efforts are helping Nigeria’s workforce prepare for the future by advancing AI fluency across the digital ecosystem.
Bringing AI skills to every tech user
To reach everyday tech users, developers, and business leaders, Microsoft hosted a flagship programme, Microsoft AI Skills Week – engaging over 235,000 participants through AI digital literacy workshops, business leader strategy sessions and an Agentic AI hackathon. Partnering with VISA, TeKnowledge, UNICEF, Data Science Nigeria, and Lagos Business School, the initiative trained more than 11,400 individuals and certified over 1,700. A standout moment was the Agentic AI hackathon, showcasing innovative solutions for document verification, risk assessment, and fraud detection, demonstrating the real-world impact of AI skills in fintech.
“Our collaboration with Microsoft has demonstrated that AI readiness requires coordinated investment across every stakeholder group — government, developers, educators, and communities. By building capacity for evidence-driven governance, responsible innovation, classroom integration, and community adoption, we are laying the foundation for a globally competitive workforce. True digital transformation happens when the entire ecosystem moves forward together,” commented Dr. Bayo Adekanmbi, CEO/Founder, Data Science Nigeria.
Looking ahead, Microsoft and its partners will continue driving Nigeria’s digital transformation through targeted upskilling in AI and cybersecurity, expanded access to AI education, and ongoing developer training. These activities aim to build local expertise at all levels and support Nigeria’s young population in taking an active role in Africa’s digital future.
“Nigeria is on track to capture 43% of Africa’s projected $136 billion AI-driven productivity gains by 2030,” concluded Yusuf. “By collaborating with the government to equip leaders, developers, and tech users, we’re building a future-ready workforce and helping Nigerians adopt and adapt the technology, thereby maximising its potential.”
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