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ICT Stakeholders Highlight Need for Sectoral Collaboration to Harness Benefits of AI

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A cross section of participants at NITRA ICT Growth Conference 4.0 with the theme: “Impact of AI on National Development: Prospects, Policies, and Challenges in Nigeria” held on Wednesday, August 28, 2024 at CitiHeight Hotel, Ikeja, Lagos.
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Mr. Adesola Akinsanya, President of the Nigeria Internet Registration Association (NiRA) and other stakeholders in the Information and Communication Technology (ICT) sector have underscored the need for collaborative efforts by opinion moulders in the sector to harness the benefits of Artificial Intelligence (AI) for economic growth.

A cross section of participants at NITRA ICT Growth Conference 4.0 with the theme: “Impact of AI on National Development: Prospects, Policies, and Challenges in Nigeria” held on Wednesday, August 28, 2024 at CitiHeight Hotel, Ikeja, Lagos.

The stakeholders stated this at the NITRA ICT Growth Conference 4.0 with the theme: “Impact of AI on National Development: Prospects, Policies, and Challenges in Nigeria” held on Wednesday, August 28, 2024 at CitiHeight Hotel, Ikeja, Lagos.

Speaking at the event, Mr. Akinsanya who was represented by Peter Oluka, member, Executive Board of Directors, NiRA emphasized that AI has the potential to drive economic growth, improve businesses and public services, as well as enhance the quality of life in Nigeria.

He hinted that realizing these benefits requires careful consideration of the prospects, the formulation of sound policies, and addressing the accompanying challenges.

According to him, “As AI continues to evolve, it’s potential to drive economic growth and improve businesses and public services, and also enhance the quality of life in Nigeria is immense”.

Adding that the complex challenges associated with AI cannot be solved by any single entity rather it requires partnerships, shared knowledge, and collective action that can drive the kind of growth that is inclusive, sustainable, and transformative.

Prof. Obadare Peter Adewale, Founder and chief visionary officer, CVO, Digital Encode, emphasized the need for Nigeria to understand the threat landscape and the critical role of cybersecurity in protecting against these threats.

Prof. Obadare represented by Mr. Oluwakayode O. Olatunji, CISO and Group Head of InfoSec & GRC Advisory, Digital Encode, underscored the importance of driving sub-sectoral digital growth through Artificial Intelligence (AI) while also decrying that many African countries lag behind in cybersecurity.

He further highlighted the potential of AI across various sectors, including finance, health, energy, transportation, defense, medical, and agriculture.

He underscored AI’s ability to predict productivity and its diverse benefits but quickly cautioned against the dangers of AI misuse, stemming from issues such as bias and fairness, security vulnerabilities, data privacy concerns, and ethical and moral dilemmas.

The cybersecurity expert discussed the use of AI in threat landscape profiling, crime detection and prevention, and reporting capabilities.

He stressed the importance of responsible AI usage and the need for continued investment in AI and cybersecurity.
Earlier, Mr. Chike Onwuegbuchi, Chairman, Nigeria Information Technology Reporters Association (NITRA) was displeased with the abysmally low adaptation trend by Nigerians to new technologies.

He urged stakeholders in the sector to lay more emphasizes on technology adaptation, adding that the country is number one in the usage of internet in Africa but lags in connectivity and internet penetration.

According to him, “There has been a known trend in Nigerians’ adaptation of new technology, where usage is higher than implementation.

“For instance, we are number one in the usage of internet in Africa but lags in connectivity and internet penetration.

“Artificial Intelligence has followed the same trend, Google search trends reported recently that searches for artificial intelligence (AI) have continued to rise around the world, with Nigeria experiencing a 130% increase in 2024.

He called on relevant ICT stakeholders in the sector to collaborate with government agencies to fashion out / design a curriculum for school to ensure that the study of AI is included in secondary schools.

He also warned that we should avoid the ugly trend / situation where for instance most students of computer science in our higher institutions do not have the opportunity to have a hands-on experience with a physical Computer throughout their duration in school.

Dr. Oluseyi Akindeinde, founder of Hyperspace and NeuRal AI, highlighted AI’s challenges and opportunities, reassuring that AI will enhance human capabilities, not replace them.

He showcased AI applications in transcription, translation, and education, demonstrating its potential to drive innovation and inclusive development.

A panel discussion composed of representatives from the NCC, private sector, and media and moderated by Mr. Hillary Damissah, explored how to navigate AI’s dangers in a developing economy.

They emphasized the need for policy frameworks, regulation, and collaboration to mitigate AI’s negative effects and ensure its benefits are equitably distributed.

The conference underscored AI’s significance in Nigeria’s development, urging stakeholders to work together to create an environment conducive to innovation, research, and tech adoption.

As AI continues to evolve, Nigeria must prioritize strategic planning, ethical considerations, and inclusive growth to harness its full potential.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Conoil Bonanza Winners Emerge

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Conoil Plc is spreading joy this Valentine season as the first group of winners in its Valentine Bonanza promotion have been announced and rewarded. Launched on February 14, the campaign continues to delight customers at participating retail outlets.

The initial raffle draw, conducted on February 21, saw fortunate customers receive ₦10,000 worth of free petrol each. The draw was carried out publicly, with media representatives present to ensure full transparency. With the promotion still ongoing, more customers have the opportunity to join in and potentially be among the next winners.

A Conoil Management spokesperson explained that the initiative is a way to show appreciation to loyal customers for their ongoing support. “Our customers have responded impressively to the bonanza, with strong participation recorded across our stations,” the spokesperson said.

The second and final phase of the promotion is now in motion. Customers who purchase at least 10 litres of petrol at any participating Conoil station remain eligible to win in the grand finale raffle.

The grand finale is set for February 28 at 12 noon. Motorists in Lagos and Ogun states are encouraged to visit Conoil outlets to collect their tickets and take part in the exciting conclusion of this Valentine celebration.


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PalmPay Couples Show How Love Is Funded Digitally

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PalmPay users took to the #LoveWithPalmPay campaign to show how experiences are powered through seamless banking.

It’s the month of love and social media has been filled with couples showing affection with gifts. As digital payments become embedded in everyday life, the way relationships are planned, funded, and experienced is evolving.

Recent insights from SBM Intelligence 2025 ‘Love in the Air’ report show that despite economic pressures, most Nigerians still set aside dedicated budgets for Valentine’s Day, with the largest percentage planning to spend between N51,000 and N100,000, while less than 5% are willing to spend above N500,000.

This growing intentionality highlights the need for platforms that help people manage their money more effectively, offering features like free transfers and tools that make it easier to send, track, and preserve funds while still showing up for meaningful moments.

Through the #LoveWithPalmPay campaign, PalmPay set out to show how the platform is enabling users to plan, pay, and celebrate meaningful moments with greater ease.

During the Valentine’s season, PalmPay invited couples across Nigeria to share their stories through the #LoveWithPalmPay campaign, celebrating how digital banking supports their individual expressions of love.

The campaign saw strong participation, with many PalmPay couples submitting entries that showcased how they use the app to plan surprises, pay for outings, and stay connected through everyday transactions.

From these entries, four couples were selected, each showcasing how PalmPay has enabled fast and reliable transactions in key moments.

One video from @simply.omotoshan, one of the selected couples, captures the role of seamless payments in making their spontaneous moments possible.

She said in her entry video: “Our cutest money moment with PalmPay was when we planned our Valentine’s picnic and realized we had forgotten half of the things we needed; literally, half of everything. We rushed to the mall to get cakes, food, decorations, and all the essentials. When it was time to pay, we used PalmPay.

“The transaction was smooth, fast, and stress-free.  In no time, we were done setting up our Valentine-themed picnic with everything perfectly ready. Honestly, all our experiences with PalmPay have been easy and satisfying, but this one is definitely our cutest money moment. Thank you, PalmPay.”

A testimonial from the fourth selected couple, Mohammed and his wife, reflects his excitement: “Hello PalmPay, thank you so much for selecting us as one of the winners of the #LoveWithPalmPay campaign. We truly appreciate this. My wife and I are very grateful. Thank you, PalmPay, for the love and support. We’re so happy and thankful for the N100,000 reward. We love you, PalmPay, and long live PalmPay. Thank you so much.”

Beyond the feel-good stories, the campaign reflects a broader shift: fintech is no longer just about transactions, it’s about enabling experiences. Reliable payments, fast transactions, and accessible financial tools reduce the friction that can disrupt important moments, allowing users to focus on connection rather than logistics.

From paying for dinner to managing other expenses, PalmPay continues to demonstrate how digital financial services support modern relationships, proving that in today’s economy, love is not only felt, it’s funded digitally.

 


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KPMG Strengthens Africa Leadership to Support Long‑term Growth Across the Continent

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KPMG has appointed Tola Adeyemi as Chief Executive Officer for KPMG in Africa, alongside the addition of Professor Olayinka David‑West and George Njenga as independent members of the Africa Governance Council (AGC).

Effective from March 2026, the appointments reinforce the firm’s leadership expertise, underscore a long‑term commitment to Africa and highlight confidence in the continent’s growth potential.

“Africa is one of the most dynamic and promising regions in the global economy, and KPMG is committed to playing a meaningful role in its growth story,” said Tola Adeyemi, incoming CEO for KPMG in Africa.

He continued: “It is a privilege to step into this role at such a pivotal moment for both KPMG and the continent. I look forward to building on our strong, connected and high‑performing base to deepen collaboration and deliver consistent quality and impact across our markets.”

KPMG is recognised globally for its commitment to quality, integrity and professional excellence, supported by a strong global network of member firms. Trust remains the foundation of the audit and accounting profession, with high standards of governance, ethics and audit quality increasingly demanded across Africa’s public and private sectors.

KPMG One Africa’s approach brings the continent closer together with strong leadership to strengthen cross-border collaboration and offer shared expertise and consistency which is business‑critical to help clients navigate complex risks and unlock sustainable growth opportunities.

Commenting on the appointment, Professor Ben Marx, Chairman of the Africa Governance Council, said: “Tola Adeyemi is exceptionally well positioned to lead KPMG One Africa. In addition to his global perspective as a member of the KPMG Global Council, he brings significant influence and credibility as a respected business leader across the continent.”

The appointments of Professor David‑West and Mr Njenga to the Africa Governance Council, which provides board level governance, further strengthens independent oversight, bringing strong academic credentials alongside deep strategic and business expertise.

“These appointments reinforce KPMG’s commitment to strong governance, accountability and leadership depth,” Marx added. “They complement our established African leadership team, in‑country managing partners and regional senior partners, further enhancing our client‑centric approach across Africa.”

 


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