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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.

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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.

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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.

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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.

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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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Female Executives Preach Gender Balance In Tech @eBusinessLife Forum

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Young girls aspiring to delve into ICT careers have been advised to take advantage of the current versatility in the industry to create a niche for themselves. This was the view of participants at the just-concluded International Girls in ICT Day celebration organised by eBusinessLife Communication Limited, in Lagos.

Female Executives Preach Gender Balance In Tech @eBusinessLife Forum

The event, an initiative of the International Telecommunications Union (ITU), seeks to encourage young girls to take up tech careers that will see them balance the gender disparity in the industry.

In a panel session moderated by Tech Life Media CEO and organiser of Women Entrepreneurs & Executives in Technology Summit (WEETS), Ugochi Emmanuel, top female tech executives narrated their foray into technology careers and advised the young girls on requirements and need to start early in the quest to make global impact in ICT.

Narrating her experience into a tech career, Chief Administrative Officer, Digital Realty, Nigeria, Dr. Nkechi Newton Denila noted that the difficulties of the past have been lightened up and more women have opportunities to excel in the field.

“Today, the landscape is vastly different. Governments, international organizations and private institutions across the globe are intentionally creating opportunities for girls in Science, Technology, Engineering and Mathematics (STEM). The reason we are gathered here is part of that global commitment to ensuring that more women participate in ICT and related fields.

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This presents a unique advantage for young girls. Many organizations now deliberately promote gender inclusion and equal opportunities in technology. Therefore, if you discover an area within ICT that excites you, pursue it wholeheartedly. This window of opportunity may not remain open forever. Do not wait for others to decide your future for you. Identify your passion, chart your course, and remain committed to achieving your goals.”

Associate Consultant and Information Security Analyst, Digital Encode, Itunuola Aderemi, advised the young girls to begin researching various technology disciplines, including Cybersecurity, Data Analytics and Data Science for areas that align fully with their interests and strengths. And to explore and discover any field that perfectly matched my aspirations.

While admitting the existence of such challenges as persistent stereotype against the female gender,  Team Lead, Retails, New Horizons Nigeria, Glory Omole, noted that fortunately, organisations such as New Horizons are actively working to change that narrative. “Our leadership recognizes the urgent need to increase female participation in ICT. Considering that women still constitute a relatively small percentage of the global technology workforce, there is a deliberate effort to encourage more girls and women to enter the field.”

She however cautioned the young girls not to see this campaign as a competition between men and women, rather, it should be seen as a partnership where everyone is given equal opportunities to contribute and excel. “We want to see more women leading innovations, conducting research, developing applications and creating solutions that address societal challenges,” she enthused.

Speaking on the need for mentorship, Asst. Manager, Product & Services, Zoracom, Mistura Salaudeen, noted that stereotypes and confidence-related challenges still exist, but one effective way to overcome them is by drawing inspiration from women who have succeeded. She observed that across government, technology, finance, healthcare and other sectors, women are increasingly occupying leadership positions, serving as Chief Technology Officers, board members and executives.

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“While challenges persist, I believe our focus should shift towards opportunities rather than obstacles. Artificial Intelligence, for example, has significantly lowered barriers to entry. AI enables individuals to develop business proposals, prepare presentations and execute ideas much faster than before. Therefore, instead of being discouraged by challenges, girls should leverage available technologies and communities to accelerate their growth and maximize emerging opportunities,” she advised.

 

Glory Omole also noted that technology is broad and offers diverse opportunities.

“There are numerous digital skills available today, but the choice of skill should depend largely on individual interests and career aspirations.

Fields such as Data Analytics, Data Science, Cybersecurity, Web Development and User Interface/User Experience (UI/UX) Design are among the high-demand skills available today. Each serves a distinct purpose.”

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Corroborating this claim, Dr. Newton-Denila said: “It is important to understand that ICT now permeates virtually every profession. Whether in medicine, law, engineering, agriculture or business, technology has become an indispensable component of professional practice.

In medicine, for example, Artificial Intelligence is increasingly being used in diagnostics, telemedicine and robotic surgery. Similarly, in law, digital applications now support legal research, documentation and case management.”

The event has its theme as “AI for Development: Girls Shaping the Digital Future”.

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Franklyn Ginger-Eke CEO The Rainbow Strategy Honoured with PR Power List 2026 Rising Voices Award

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Dr Franklyn Ginger-Eke, Founder and Chief Strategist of The Rainbow Strategy, has been honoured with the PR Power List 2026 Award in recognition of his contributions to strategic communications and public relations in Nigeria.

Franklyn Ginger-Eke CEO The Rainbow Strategy Honoured with PR Power List 2026 Rising Voices Award

Franklyn Ginger-Eke, CEO The Rainbow Strategy

Ginger-Eke received the award in the Rising Voices category during the fifth edition of the PR Power List organised by GLG Communications as part of activities marking the 2026 World Public Relations Day.

The award ceremony, held at the Mike Adenuga Centre in Ikoyi, Lagos, attracted leading professionals and stakeholders in Nigeria’s public relations industry.

Among those in attendance were the President and Chairman of Council of the Nigerian Institute of Public Relations (NIPR), Dr Ike Neliaku; the Chief Executive Officer of the Public Relations Consultants Association of Nigeria (PRCAN), Dr Nkechi Ali-Balogun; former President of the African Public Relations Association (APRA) and Chief Executive Officer of CMC Connect LLP, Chief Yomi Badejo-Okusanya; and Executive Director of THOP and Adviser, Edelman Africa, Mr Kwame Senou.

According to the organisers, the PR Power List recognises public relations and communications professionals whose work has made significant contributions to organisations, influenced public discourse and advanced the communications profession over the past year.

Reacting to the recognition, Ginger-Eke described the award as both humbling and motivating.

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“I am deeply honoured to receive this recognition for the modest contribution we are making in shaping the public relations and communications ecosystem.

“I see it as a testament to the dedication, creativity and excellence of our team at The Rainbow Strategy.

“This is a call to do more in delivering strategic communication solutions that create impact, build trust and contribute to the continued growth of the public relations profession in Nigeria,” he said.

He dedicated the award to young and aspiring communication professionals, encouraging them to embrace innovation, professionalism and ethical practice in their careers.

Ginger-Eke also reaffirmed The Rainbow Strategy’s commitment to promoting excellence in strategic communications, reputation management, stakeholder engagement, data protection compliance and value-driven public relations campaigns across the public and private sectors.

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A Fellow of the Nigerian Institute of Public Relations (NIPR), Ginger-Eke is recognised for his work in public affairs, strategic communication and data protection compliance through his Abuja-based consultancy, The Rainbow Strategy.

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Dangote Refinery’s Private Placement Reportedly Hits $2.5Bn

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Dangote Petroleum Refinery is reportedly nearing completion of a $2.5 billion private placement that values the company at about $40 billion ahead of its planned public listing.

Dangote Refinery’s Private Placement Reportedly Hits $2.5Bn

Private placement is the direct sale of company shares or bonds to pre-selected investors instead of the general public and it is used to raise money quickly while avoiding strict public reporting rules.

People familiar with the transaction said investors acquired as much as 6 per cent of the refinery, according to a BusinessDay report.

The reported terms would value the business at approximately $40 billion.

Neither Dangote Group nor the refinery has publicly announced the final amount raised, the identities of most subscribers or the precise percentage sold.

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The figures should therefore be treated as transaction details supplied by unnamed sources rather than confirmed company disclosures.

The reported $2.5 billion total is nevertheless significant as it indicates strong demand for exposure to a privately controlled refinery that has rapidly become central to Nigeria’s fuel supply and an increasingly important exporter of petroleum products.

The placement was said to have attracted more demand than the available shares, allowing the company to secure substantially more than the amount initially associated with the fundraising exercise.

Femi Otedola, chairman, First HoldCo, is the only major participant publicly identified in the report.

He reportedly committed $100 million to the transaction and sold his investment in Geregu Power Plc to finance the acquisition.

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Nigeria’s pension industry was also reportedly cleared to participate.

Access to more than $17 billion in retirement assets would broaden the refinery’s potential investor base beyond wealthy individuals and conventional institutional buyers.

Participation by Pension Fund Administrators would, however, require careful attention to valuation, liquidity and portfolio-concentration limits.

Retirement funds must balance the attraction of a large Nigerian industrial asset against their responsibility to protect contributors’ savings.

The implied $40 billion valuation represents investor expectations about the refinery’s future earnings rather than only the physical cost of constructing the facility.

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Its ability to process 650,000 barrels of crude daily gives it a central role in supplying Nigeria and other markets, but its commercial performance remains connected to crude availability, product prices, exchange rates and regulation.

The refinery has struggled to obtain all the Nigerian crude it requires under the government’s naira-for-crude arrangement.

It has consequently purchased some feedstock internationally and recently moved local petroleum-product pricing into dollars to align sales revenue more closely with its foreign-currency expenses.

Those constraints will be important during any public offering.

Prospective shareholders will want greater clarity on crude-supply contracts, debt, operating margins, export revenue and the company’s relationship with Nigerian regulators.

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It is also unclear whether the private placement involved newly issued shares, a sale by existing owners or a combination of both.

That distinction determines whether the reported $2.5 billion becomes fresh capital for the refinery or proceeds received by selling shareholders.

The transaction could provide a useful price reference for the planned initial public offering.

 

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