News
Inuwa, DG NITDA Cautions on AI as Nigeria Seeks Inclusive Global Governance

Dr. Kashifu Inuwa Abdullahi, Director-General/CEO of the National Information Technology Development Agency (NITDA), has emphasized on the dual nature of artificial intelligence (AI) as both an opportunity and a challenge.

Represented by Mr. Emmanuel Edet, Director of Standard Guidelines and Framework, NITDA, while delivering a keynote speech on the third day of Nigeria Fintech Week, said: “We must consider not just the immense potential of artificial intelligence, but also our responsibility in shaping their development and employment,”.
Speaking on the topic: Global AI Regulation: The Role Of Africa And The Global South, the Director General stated that while AI presents unparalleled opportunities for growth, innovation, and problem-solving, it also poses unique challenges requiring careful consideration and proactive measures.
He pointed out, “As we witness the rapid deployment of AI technologies, primarily in the global north, it is crucial that we, the nations of Africa and the global south, assert our place in this evolving landscape.”
He stressed that participation in this AI revolution is not merely beneficial but essential to ensure that AI serves the interests of all humanity, rather than just a privileged few in advanced countries.
Dr. Abdullahi noted that the regulatory landscape for AI is still in its infancy. “While nations like the United States, China, and the European Union are making strides in developing AI governance frameworks, this effort often reflects their specific contexts and priorities,” he explained. “However, AI’s impact will be global; it is already global, and its regulation must be global as well.”
He elaborated on the complexities of AI, saying, “As with most powerful technologies, AI presents both opportunities and challenges. Issues of data privacy, algorithmic bias, job displacement, and geopolitical competition underscore the need for a clear, fair, and inclusive regulatory regime.”
He asserted that the voices of the global south, particularly Africa, must be at the heart of these discussions to ensure that regulations consider diverse cultural, economic, and social contexts.
“The challenges and opportunities presented by AI in Lagos, Nairobi, or Johannesburg may differ significantly from those in Silicon Valley or even Shanghai,” he noted, stressing the need for targeted solutions that reflect local realities.
Dr. Abdullahi called for collective advocacy from Africa and the global south for inclusivity in global AI governance. He stated, “Our unique context and challenges—such as infrastructure gaps, education systems, and social values—must be considered.”
Speaking further, he outlined some of NITDA’s initiatives to ensure a solid AI framework in Nigeria. “As DG of NITDA, my driving force for the first AI revolution has been the development of the national AI strategy and the establishment of the National Center for Artificial Intelligence and Robotics,” he said. “These aim to foster research and development of AI and to create a transforming and inclusive AI ecosystem.”
Speaking on NITDA’s focus on promoting responsible AI deployment, Dr. Abdullahi said “We are dedicated to advancing sustainable development, investing in research and development infrastructure, and creating a robust AI governance framework,” he affirmed, placing a focus on the role of collaboration among stakeholders. “We must form strategic alliances to amplify our authentic voice in global AI models, group organisations, and the African Union.”
Giving a solid closing statement, he said, “While Africa and the global south may not currently be at the forefront of AI nations, we have a critical role today in shaping its regulatory future. Together, we can shift and react.”
News
FG Unveils AI Public Services Platform

Federal government has launched GovGuideNigeria, an artificial intelligence (AI)-powered digital platform designed to streamline access to public service information through WhatsApp and the web.

The platform consolidates information from more than 35 federal ministries and over 60 government agencies, marking a significant step in Nigeria’s drive to expand AI-enabled public infrastructure and digital government services.
According to Bosun Tijani, Nigeria’s minister of communications, innovation and digital economy, the initiative aims to simplify interactions with government services, particularly for underserved communities that often face challenges navigating complex public-sector systems.
Developed in collaboration with the National Centre for Artificial Intelligence and Robotics, Meta, and Publica AI, GovGuideNigeria uses conversational AI to provide real-time responses via WhatsApp and a web interface in English, Hausa, Igbo and Yoruba.
Sade Dada, head of public policy at Meta, said the multilingual rollout highlights the growing use of natural language processing within African public institutions to improve digital inclusion and broaden access to services.
Ignatius Willie, chief executive of Publica AI, said the platform demonstrates how Africa’s next generation of digital public infrastructure can be developed locally using African languages.
GovGuideNigeria is intended to address longstanding challenges in Nigeria’s public information system, where citizens often struggle to access reliable guidance because of fragmented government websites, poor communication channels and the expense of travelling to physical offices.
Through AI-driven automation, users can obtain information on immigration procedures, documentation requirements, public programmes and agency-specific services through chat-based interactions.
The launch also reflects Nigeria’s broader ambition to integrate AI into digital governance, while strengthening partnerships between government agencies, global technology companies and local AI startups to modernise public service delivery.
News
Elon Musk to Become First World’s Trillionaire with SpaceX Historic IPO

Elon Musk is poised to become the world’s first trillionaire after SpaceX, his company, confirmed plans to go public.

Elon Musk
Because Musk owns the majority of the shares, it could push his net worth over the trillion dollar mark.
The entrepreneur is known for his leadership of Tesla, SpaceX, X, and xAI.
Musk has been the wealthiest person in the world since 2025; as of May 2026, Forbes estimates his net worth to be $788 billion.
SpaceX has filed for a blockbuster public listing in the United States, paving the way for what could become the largest stock market debut in Wall Street history.
The company, formally known as Space Exploration Technologies, announced plans to begin trading under the ticker symbol “SPCX” as early as next month.
The listing values SpaceX at about $1.25 trillion, with Musk’s majority ownership potentially worth more than $600 billion alone.
Combined with his existing holdings in companies including Tesla, the IPO could push Musk’s personal wealth above the $1 trillion mark.
The long-awaited filing also offered investors a rare look into SpaceX’s finances.
The company reported $18.6 billion in revenue last year but recorded a net loss of $4.9 billion. In the first quarter of this year, SpaceX generated $4.7 billion in sales while posting a $4.3 billion net loss.
Financial disclosures showed the company holds $102 billion in assets, including rockets, launch infrastructure and satellite systems, while carrying debts totalling $60.5 billion.
Despite the losses, analysts suggested investors were unlikely to be deterred given SpaceX’s dominance in commercial space launches and satellite internet services.
Ruth Foxe-Blader, managing partner at Citrine Venture Partners, described the planned flotation as “extremely exciting.”
“SpaceX is just an absolutely sprawling, enormous project with so many different selling points, and so many points that really point to the future,” she said.
SpaceX operates the Starlink satellite internet network and also owns Musk’s artificial intelligence company, xAI.
The IPO filing revealed that xAI recently reached a major commercial agreement with rival AI company Anthropic, maker of the Claude chatbot.
Under the arrangement, Anthropic will reportedly pay $15 billion annually to access data centre infrastructure linked to xAI operations in the American South.
The filing also disclosed that SpaceX expects to incur more than half a billion dollars in legal costs from multiple ongoing lawsuits and regulatory disputes.
Among the cases listed were claims alleging that xAI’s chatbot Grok had been used to create sexualised deepfakes of women and girls, alongside patent infringement disputes, music copyright claims, data breach allegations and investigations into compliance with European Union content moderation rules.
Musk has previously said he plans to dissolve xAI as a standalone company and pursue his AI ambitions directly under SpaceX.
The filing came shortly after Musk lost a high-profile legal battle against OpenAI and its chief executive Sam Altman.
Musk had accused OpenAI of abandoning its non-profit mission after shifting towards a commercial model, but a jury dismissed the lawsuit, ruling that he had waited too long to bring the claims.
News
Moniepoint Boosts UK Payments Security

African financial services platform Moniepoint has partnered with open banking software-as-a-service provider tell.money to deploy a transaction security system in the UK market.

The companies said the partnership will allow Moniepoint to implement Confirmation of Payee, an account name-checking service designed to verify recipient details before payments are processed.
The integration will be rolled out through Monieworld, Moniepoint’s UK remittance subsidiary, as part of the company’s broader European expansion strategy.
Tell.money will provide the underlying verification technology, which the companies said is intended to reduce misdirected payments and help protect users against cross-border fraud.
Ravi Jakhodia, CEO of Monieworld, said: “Our goal with Monieworld is to build financial services for Africans in the diaspora.”
He added that tell.money was selected because it manages compliance and accreditation requirements, allowing the fintech company to focus on customer service.
Moniepoint is entering a competitive UK-to-Africa remittance market that includes established providers such as Wise, WorldRemit and Remitly, as well as African fintech firms including Flutterwave’s Send App.
According to data from the World Bank’s KNOMAD programme, remittance flows to low- and middle-income countries are estimated at about $620 billion annually, with digital -first platforms capturing increasing market share through open banking integrations and automated compliance systems.
The rollout reflects a broader trend of African fintech firms expanding into developed markets by adopting local regulatory and open banking standards.
Industry analysts expect diaspora-focused platforms to evolve beyond money transfers into services such as multi-currency banking, credit and investment products.
Telecom3 days agoGoogle unveils Gemini-powered advertising, commerce tools at Marketing Live 2026
E-Financial3 days agoGriffin Capital Group Launches Integrated Financial Services Group Positioned to Strengthen Capital Formation in Nigeria, Africa
E-Financial3 days agoCBN to Simplify Bank Alerts over Rising Customer Complaints
E-Business3 days agoKaspersky Detected More than 92,000 Malware Attacks Disguised as AI Services in Four Months
Telecom3 days agoNigeria gets AI-ready Lagos data centre
Telecom3 days agoTelcos in Nigeria, other Emerging Markets Squeezed by Diesel Crisis
General News3 days agoOtedola Plans $100m Investment in Dangote Refinery ahead of Proposed IPO
Telecom2 days agoMTN to Turn its African Tower Network Into a Distributed AI Compute Grid



















