News
Inuwa, NITDA DG, Seeks AI to Increase Productivity in Critical Sectors of the Economy

Kashifu Inuwa CCIE, the Director-General of the National Information Technology Development Agency (NITDA), has reiterated the need to explore and use AI in bolstering productivity in critical sectors of the Nation’s economy.

This is as the world increasingly leverages cutting-edge technologies like artificial intelligence (AI) in shaping lives and businesses,
Inuwa made this known while delivering a Keynote Address on “Artificial Intelligence: Effective Communication for National Security” at the 2023 Security and Spokespersons Awards and Conference which held in Abuja.
Alluding to the fact that Artificial Intelligence is already changing daily lives, almost entirely in ways that improve human health, safety, and productivity, Inuwa averred that AI is beyond a tool, as it is a new way of building a relationship between humans and machines.
“In building that relationship, we need to look beyond just having a tool we use for our daily activities and start thinking in the direction of developing a system which can help meet certain human needs”, Inuwa said.
While highlighting some of the benefits of emerging technologies, particularly artificial intelligence, the Director-General said that the algorithm which is the AI that powers social media is a machine that needs to be trained and controlled, in order to avoid it spiralling out of control.
“Due to the happenings on social media, industry practitioners are pushing for “explainability in the AI”, also referred to as “black box” within the AI algorithm”
“Imagine having a system that makes decisions for us and does not understand the way it came about making that decision, now, that is indeed a red flag, having AI go out of control, so, we need to get AI to be always for humanity, because it is the most existential threat to humanity today”, the DG stressed.
Inuwa said, “countries around the world are making efforts toward deciphering the functionalities of artificial intelligence and coming up with policies and putting standards in place to ensure they are AI ready countries, and so Nigeria cannot take the back seat”.
“In Nigeria, we are looking at it from three perspectives; having AI ready principles, data and AI ready security”.
“This invariably means that as a matter of principle, we should have redlines that AI must not cross, to achieve this, last year we started our journey by crowdsourcing on how to build National AI Policy and we have the first draft ready”, Inuwa maintained.
According to Inuwa, “when the present administration came onboard, President Bola Ahmed Tinubu mandated the Ministry of Communications, Innovation and Digital Economy to accelerate the diversification of the Nigerian economy by enhancing productivity in critical sectors through technological innovation, and we strongly believe that to achieve this, AI is our best tool to use in that regard”.
“To take this further, we launched a call for research, where we are offering a grant to forty five Nigerians to do research on Artificial Intelligence, so that we get a feedback on how to use AI in Health, Education, Agriculture, Finance, Security and many more.”
“We are giving up to N5Million to each researcher because we want to co-create and design the policy collaboratively, not the government using arm chair theories to come up with the policies, we need everybody to be onboard”, the Director-General noted.
The NITDA Boss who also emphasised the need to speed up efforts to connect the unconnected in order for them to be digitally feasible ahead of the AI adoption and deployment in the country, added that if they are infeasible, the AI will not consider them while making decisions.
Inuwa who went on to explain other perspectives, including data and security, sued for global standards for the regulation of AI.
“We are seeing how AI is becoming biased, gender biased and even exhibiting racist behaviour, partly because of the data used to develop it. So, if you develop an AI system amd train it in another country and decide to take it elsewhere, it will not work, hence, the need for global data for every one use to train it”, Inuwa enunciated.
Also harping on Nigeria’s abundant resources, talents and youthful population, Inuwa affirmed that the country has a competitive advantage in becoming the frontier in digital technological innovation.
“Although we lost out during the first, second and third Industrial Revolutions because they needed capital investment but in the fourth, we can use our talents to compete with any country in the world, given the fact that talent is the human component of technology”.
“To achieve this, the Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani, unveiled the Strategic Plan for the Ministry which has strategic pillars, including, Knowledge, Policies, Infrastructure, and Trade”, the DG mentioned.
In conclusion, Inuwa avowed that AI is a top priority for NITDA as the Agency’s National Centre for Artificial Intelligence and Robotics (NCAIR) underpins the attention drawn to it.
The event which was the 5th in its series was organised by Image Merchant Promotion Ltd in conjunction with Coalition Society Organizations also featured presentations on Security and Spokespersons Communication Awards as well as goodwill messages.
News
Access Holdings Sets New Benchmark in Nigeria’s Finance Talent Pipeline

New data from CFA Society Nigeria is reshaping how the country’s financial sector thinks about talent development, with Access emerging as the single largest source of CFA candidates in Nigeria, distinction industry watchers say signals a deeper shift in how leading institutions are building investment expertise from within.

In its Where Nigeria’s Finance Professionals Work series, published in a national daily, CFA Society Nigeria placed Access first among employers of CFA candidates nationwide, with 82 candidates enrolled in the programme, more than double the 38 recorded at the next-placed institution and well ahead of every other bank or financial services firm on the list.
Access also ranked second among employers of CFA charterholders, with 11 professionals who have completed all three levels of the Programme and met its experience and ethics requirements.
For an industry that has long measured itself by balance sheet size and branch count, the rankings point to a different kind of competition: one over who is building the deepest bench of certified, globally credentialed talent.
CFA Society Nigeria compiled the data from its Salesforce Membership Database as at June 2026, and described the exercise as a way of recognising employers whose people “bring rigour, integrity and global best practices into the workplace every day.”
Analysts following the sector say the outcome is notable less for the ranking itself than for what it suggests about talent strategy across Africa’s financial services industry. A single institution developing more aspiring charterholders than the rest of the market combined raises the floor for professional standards nationally, not just within one balance sheet.
Every candidate who advances through the CFA Programme adds to a shared pool of ethics-trained, analytically rigorous professionals that Nigeria’s capital markets, pension funds and asset managers all eventually draw from.
Access Holdings Group Chief Executive Officer Innocent C. Ike, commenting on the rankings, framed the achievement in terms of institution-building rather than recruitment: “Every candidate on that list represents our commitment to building institutions and professionals that endure.”
The remark echoes a broader thesis increasingly voiced by market observers, that talent depth, not scale alone, is what will determine which African financial institutions earn lasting global credibility.
That distinction sits at the centre of Access’s stated ambition to become the World’s Most Respected African Financial Services Group. If the CFA numbers are any indication, the Group’s route to that goal runs less through square metres of branch network and more through the calibre of the people sitting inside it, a bet that Nigeria’s finance professionals, and the institutions that will one day hire them, are already placing alongside Access.
News
NCAA to Introduce RFID Technology to Tackle Missing Luggages

Nigeria Civil Aviation Authority (NCAA) has announced plans to introduce Radio Frequency Identification (RFID) baggage tracking technology across domestic and international airport terminals to tackle the growing problem of delayed, misrouted and missing luggages

Michael Achimugu, director, Public Affairs and Consumer Protection, NCAA, disclosed this at a stakeholder engagement forum in Lagos.
Achimugu said the RFID-enabled system would replace the traditional barcode-based baggage tracking framework and provide airlines and passengers with real-time visibility of checked luggage from check-in to final collection.
According to him, the technology would improve baggage traceability, reduce mishandling and strengthen accountability across the baggage-handling chain.
Unlike conventional barcode systems, RFID technology allows baggage to be automatically scanned at multiple points without requiring direct line of sight, enabling real-time tracking of luggage throughout its journey.
Achimugu said issues involving short-landed, missing, lost or damaged baggage had remained among the major complaints from air travellers, alongside flight delays.
He said the introduction of RFID technology was therefore aimed at improving baggage-handling standards and restoring passenger confidence in the aviation sector.
The NCAA said the initiative also aligns with IATA Resolution 753, which requires airlines to track baggage at key points during the passenger journey.
The authority expects the technology to provide more accurate information on the location of luggage, facilitate quicker resolution of baggage-related complaints and improve the overall passenger experience.
The NCAA said the initiative would also strengthen accountability among airlines and other stakeholders involved in baggage handling at Nigerian airports.
News
Firm Urges MSMEs to Increase Digital Payments Adoption for Growth

eTranzact International Plc has called for increased adoption of digital payment solutions among micro, small and medium enterprises (MSMEs), saying access to technology is critical to improving business efficiency, financial inclusion and growth.

The company also said it was deepening its partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to expand digital access and financial literacy among small businesses across the country.
In a statement, the Divisional Head, Merchant Services, eTranzact, Mrs. Abimbola Reis, stated this at the SMEDAN/eTranzact Town Hall Engagement in Lagos recently, themed, “Financial Literacy and Inclusion for MSMEs Leveraging on Fintech Innovation.”
Reis described MSMEs as the backbone of Nigeria’s economy, noting that the sector comprises almost 40 million businesses and contributes significantly to economic growth and job creation.
However, she said many businesses continue to face challenges including limited access to finance, inefficient payment systems, weak financial reporting, cash-flow constraints and inadequate access to digital platforms.
She added that trust concerns also affect businesses’ ability to access finance, while heavy reliance on cash increases exposure to theft and makes payment reconciliation more difficult.
Representing the Director-General of SMEDAN, Prof. Yinka Fisher said the town hall was aimed at generating practical ideas and solutions that would support the growth and expansion of MSMEs.
“The essence of this engagement is to share ideas and concepts that will help MSMEs thrive and expand. Our partnership with eTranzact is about expanding the frontiers of MSMEs and ensuring they continue to grow,” he said.
Also speaking, representative of the Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Praise Adedigba said businesses could no longer depend solely on hard work to remain competitive.
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