E-Business
Lagos Dangles N230m for Start-Ups in Lagos

Governor Babajide Sanwo-Olu has launched the Lagos State Science Research and Innovation Council (LASRIC), setting aside $687,000 (about N250 million) start-up funds for investment in research and development of tech-focused solutions across the six pillars of his administration’s development agenda.

Governor Babajide Sanwo-Olu
With a whopping N250 million seed capital earmarked by the Lagos State government for technology and innovation, tech start-ups and young innovators in the state now have the opportunity to push their entrepreneurial skills to the next level.
Sanwo-Olu, also launched the Lagos Innovation Master Plan, a four-planked special purpose vehicle for addressing the state’s socio-economic challenges by using innovative and smart methods.
The innovation Master Plan launched by the governor at the maiden edition of Art of Technology Lagos, comprised Data Access, Talent Building and Broadband infrastructure development plans; Lagos State Science and Technology Council; Lagos State Solution Hub; and the Open Government Initiative.
Sanwo-Olu, said the plan was to use combined technological mix to help his administration tackle problems in the state as captured in its agenda, which include: Transportation & Traffic Management, Health and Environment, Education and Technology, Making Lagos a 21st Century Economy, Entertainment, Tourism, Security, and Good Governance.
He added that the N250 million would be injected in the Science and Innovation Fund, chaired by Prof. Toying Ogundipe, Vice Chancellor of the University of Lagos, for tech innovators and creators in the state to access funds to boost their business.
According to him, the innovation master plan will highlight the government’s critical focused areas that will unleash a culture of problem solving initiative. This now addresses the four main pillars that are required to enable a vibrant innovative ecosystem.
Sanwo-Olu said: “In the next two years, we are hoping to be able to do what we call, a Metropolitan Fibre Grid. We are hoping to have in the next two years about 6000kms of fibre; it’s a total mix, we want to mix the whole system. We want to have a smart city which we are. So we will be signing that before the end of this year or sometime early next year.
“With this administration’s activity in these four areas, the innovation ecosystem is sure to receive the needed boost to raise the communication to the state of the economy.
“We are also launching today, the Lagos State Science and Innovation Council. This council will be responsible for the management of the science itself and the Innovation Fund. This fund is primarily tasked with investment in research and development in science and technology across different thematic areas of the state, from Artificial Intelligence to Robotics to Health and Informatics and Green energy.
“The Lagos State Science Research and Innovation Council will direct funds to solve issues of national significance through science and technology research.
He further said: “The third one is the Lagos State Solution Hub. We will be democratising access to state’s actions in critical strategy of this government, such that the Lagos State Solution Hub serves as the first point of call for innovators, solution providers and innovators on proposing their solutions to the state.
“We realise that crowd sourcing and inclusive strategies are key ingredients to solve a mirage of challenges we face. The solution hub will enable us to make The website is: lagossolutionhub.com.
“The last one is the Open Government Initiative. Data access is seen as critical for building solution culture. The open government has kicked off and we will be communication the major milestones to the public soon.”
He, however, described the Art of Technology Lagos as a platform on which the vision of Lagos State as a smart city would be unraveled, adding that the maiden edition will open the window for ideas, concepts and principles encriptively created for Lagosians and Nigerians to breakout and transform the landscapes.
“We are prepared to provide Lagosians with the opportunity to connect to the global stage. We cannot disaffirm the intractable challenges that face states like ours. With the population that is so high, we have obviously infrastructural challenges.
“A new sustainable method of transportation and infrastructural development needs to be formulated to keep up with the population growth. The use of Artificial Intelligence to predict the movement human resource and material and reverse the environmental degradation are critical solutions we need to adopt,” Sanwo-Olu said.
E-Business
NITDA Expands iHATCH Initiative to Drive Job Creation, Economic Diversification

By Oluwole Alao
In total alignment with the presidential priority area of Reforming the Economy for Sustained Inclusive Growth and Accelerating Diversification through Industrialisation and Digitisation, the Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa CCIE, has announced the nationwide expansion of the Hub Managers training programme in harnessing technological innovation to improve the lives of Nigerians, create jobs and foster economic diversification.
The DG made this known at the iHatch Cohort 4 -Onsite Training for Hub Managers, which was organised by the agency in partnership with the Japan International Cooperation Agency (JICA) and Office for Nigerian Digital Innovation (ONDI) at the Hotel De Horizon, Wuse 2, Abuja.
The on-site training programme, which had 37 hub managers from the 36 states of the federation, including the FCT, will empower hubs to build robust incubation systems to support startups locally, develop strong regional ecosystems through partnerships and engagement, enhance their operational and mentorship capacity and provide access to international exchange programmes towards the adoption of best global practices.
While emphasising the current administration’s commitment to reforming the economy for sustained and inclusive growth, Inuwa highlighted that the key to achieving this goal lies in leveraging digital technology at the grassroots level to solve local problems across various sectors, including agriculture and small-scale trade.
“We don’t want technological innovation to be concentrated only in Lagos and Abuja. We want to take it to the grassroots and use it to solve real-life problems. That is why we designed the iHatch initiative,” he noted.
Inuwa disclosed that the pilot phase of the iHatch, which was conducted in Abuja, successfully trained 50 startups, which led to the creation of 179 direct jobs and over 1,500 indirect jobs, Inuwa stated that the expansion of the initiative to accommodate all the 37 states will create 740 direct jobs and 7,400 indirect jobs before the end of the year.
He said, “this initiative will domesticate innovation in states and enable start-ups solve real-life problems in areas of agriculture, healthcare, transportation and other sectors, that are peculiar to their different states”.
While stressing that innovation thrives in clusters where critical stakeholders can exchange ideas and incubate solutions, the NITDA DG underscored the importance of collaboration, networking and ecosystem development in driving innovation.
“To sustain this initiative, we must build a strong community where startups, entrepreneurs, and stakeholders can continuously share ideas and collaborate. We don’t want startups to just pass through the programme; we want them to remain within the iHatch ecosystem because we want this initiative to expand to all the 774 local governments of the country.” Inuwa explained.
He noted that in addition to job creation and ecosystem building, the initiative aligns with the Nigeria Startup Act, which aims to provide legal backing and incentives for startups.
Inuwa therefore urged the participants in the iHatch programme to act as champions in their respective states, spreading awareness about the Act and encouraging other startups to register and benefit from its provisions.
“In line with the president’s mandate, our ultimate goal is to see every Nigerian digitally literate, using technology to access government and private sector services. We also want our market women to leverage technology to expand their businesses,” he added.
He stated that the iHatch model ensures investment in local capacity where national potentials can be unleashed, he said “we at NITDA are proud to walk this journey with you. Let’s keep building, let’s keep innovating, and let’s continue to shape the future of Nigeria, one innovation at a time.”
E-Business
MyLagos App Unavailable despite Launch with Fanfare

“MyLagos App,” which was launched with fanfare by the Lagos State Government in collaboration with MTN Nigeria has remained unavailable for download on app stores, raising questions about its immediate accessibility.
Hours after its official introduction on March 13, a search on Google PlayStore for the app returned the message, “No results for MyLagos App.”
Similarly, attempts to locate it on the Apple Store yielded no results, prompting concerns over the rollout’s status.
The digital platform was introduced as a comprehensive solution to enhance city navigation and improve the overall experience for Lagos residents.
It was touted to provide essential features, including real-time traffic updates, personalized navigation, emergency services, utility payments, business listings, and tourism information.
This reporter’s attempt to download the app proved unsuccessful. Furthermore, tests by Lagos-based individuals mirrored these findings, suggesting the app may not yet be publicly accessible.
The absence of the app has sparked speculation: could it be a work in progress, or was its availability restricted post-launch for undisclosed reasons?
Dr. Obafemi Hamzat, Lagos State Deputy Governor, described the app as a revolutionary tool aimed at improving governance and service delivery.
“Technology has evolved from being a luxury to a necessity. In our fast-paced world, effectively utilising technology can significantly enhance governance, improve service delivery, and simplify the lives of every resident in this vibrant state.
“With the launch of the MyLagos App, Lagos State is poised to remain at the forefront of digital transformation, not just in Nigeria but across Africa,” he said.
Abdulhakeem Giwa, manager of Digital Channel Management, MTN Nigeria, echoed this sentiment, highlighting the app’s potential to transform urban living and enhance navigation for residents.
While the app’s unavailability casts doubt on its immediate implementation, stakeholders remain optimistic about its promised benefits once fully operational. Whether technical challenges or strategic decisions have delayed its rollout remains unclear.
E-Business
Millions of Nigerians @ Risk as NASIMS Leaks over 23m FG Records

National Social Investment Management System (NASIMS) has leaked millions of federal government records in a major system oversight which could be exploited by cyber criminals.
NASIMS is the central management platform for the administration and coordination of Social Investment Programmes under the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development
The major leak exposed everything from home addresses to work backgrounds of tens of millions of Nigerians
According to the Cybernews research team, the exposed AWS S3 bucket stored over 23 million files, including passports, birth certificates, educational certificates, and N-Power-submitted applications.
N-Power is a social welfare scheme to combat youth unemployment. N-Power applicants use the NASIMS platform to apply to take part in the program.
“The implications of exposing 23 million application-related documents of N-Power candidates could be severe for the affected individuals. Identity theft, fraud, and targeted phishing attacks are the most likely risks for the leaks’ victims,” Cybernews research team said.
According to Cybernews research team, “Worryingly, the instance remains open to the public, even after multiple attempts to reach NASIMS administrators and relevant authorities in Nigeria. We have also reached out to the ministry behind NASIMS for a comment and will update the article once we receive a reply”
What data leaked, and why is it dangerous?
Documents stored on the exposed instance include different sets of citizens’ data. However, the team surmised that the leak revealed:
Full names
Dates of birth
Places of birth
National Identification Number (NIN)
Email addresses
Phone numbers
Home addresses
Work background
Education background
Exposing sensitive and personal data poses numerous threats to the individuals involved.
Most pressingly, attackers might utilize the information for identity theft and various fraud schemes. For one, malicious actors could try opening fraudulent bank accounts or use stolen identities for illicit activities, masking their own IDs.
“Another way attackers can exploit similar data sets is by exploiting the identities to access financial services or execute unauthorized transactions, potentially causing long-term financial damage to the victims,” Cybernews research team said.
Cybercrooks could also exploit the leak to carry out targeted phishing and social engineering attacks.
For example, malicious actors could attempt to masquerade as legitimate organizations in order to deceive individuals into providing even more sensitive data – such as login credentials – or downloading malware.
“The implications of exposing 23 million application-related documents of N-Power candidates could be severe for the affected individuals. Identity theft, fraud, and targeted phishing attacks are the most likely risks for the leaks’ victims.”
The leaks’ nature empowers attackers to craft spear-phishing attacks custom-made for each individual or group of individuals. Such attacks are hard to distinguish, as they often include targets’ personal details and other data points meant to lure in unsuspecting victims.
“Criminals could use the exposed data to offer fake job opportunities or promise assistance with the N-Power application process in exchange for payments or additional personal information, exploiting the candidates’ vulnerabilities,” the team explained.
Additional attack vectors involve risks to victims’ physical safety. For example, criminals could exploit leaked data to locate and target victims for various malicious purposes, such as stalking, harassment, or even burglary.
To avoid similar leaks in the future, Cybernews research team advised:
Change the access controls to restrict public access and secure the bucket. Update permissions to ensure that only authorized users or services have the necessary access.
Monitor retrospectively access logs to assess whether the bucket has been accessed by unauthorized actors.
Enable server-side encryption to protect data at rest.
Use AWS Key Management Service (KMS) to manage encryption keys securely.
Implement SSL/TLS for data in transit to ensure secure communication.
Consider implementing security’s best practices, such as regular audits, automated security checks, and employee training.
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