Connect with us

General News

Many Headaches of GMB, President-Elect

Published

on

Muhammadu Buhari, Nigeria’s president-elect
Kindly share this post

For President-elect Muhammadu Buhari, winning Nigeria’s tight election race is the easy part. Keeping Africa’s biggest country afloat will be harder, according to Aryn Baker of Time.

When he defeated President Goodluck Jonathan at the polls on March 28, Buhari made history as the first opposition candidate in Nigeria to unseat a president through the ballot box.

But the president-elect faces far greater challenges when, on May 29, he takes office and must confront Nigeria’s multiple problems, from an economy that has been hit by the falling price of oil, a government paralysed by corruption, and a security sector beset by one insurgency and threatened by another.

Time reported that if Buhari, 72, is to leave a legacy equal to his history-making victory, he will have to take on these challenges:

Cutting out corruption
Buhari’s All Progressives Congress [APC] party emblem is a broom, symbolizing his commitment to sweeping out the corruption that has plagued Nigeria for decades. He has a proven track record, too.
Unlike most of his predecessors and successors, he did not use his time in power, as military president from 1983 to 1985, to enrich himself, and still lives in the modest home of a retired general.
But even if he manages to resist the temptations of office, he will have to work with the political elites in his party who brought him to power, largely through Nigeria’s deeply entrenched system of political patronage and its attendant promises of favors and kickbacks.
“The APC line is that there will be no corrupt individuals in Buhari’s cabinet, but there will have to be some wiggle room,” says Elizabeth Donnelley, assistant head of the Africa program at London’s Chatham House foreign policy institute. “Deals have been made, and things are owed.”
Buhari may not be able to sweep away graft in the short term, but if he immediately strengthens existing anti-corruption institutions that had been intentionally weakened under previous administrations, such as Nigeria’s Economic and Financial Crimes Commission, and oversees the prosecution of standout cases, he will set the right tone.
A good place to start would be an investigation into the country’s petroleum ministry, where an estimated $20 billion in oil revenue is thought to have gone missing, according to a 2014 report by Nigeria’s Central Bank.

Taming Boko Haram
In tackling the Islamist insurgency that has killed more than 13,000 over the past six years, Buhari faces a three-fold problem. With significant help from neighbors Chad and Niger, along with an estimated 100 foreign mercenaries, Nigeria’s army has managed to push Boko Haram out of all but three local districts, liberating territory roughly the size of Belgium.
But in order to keep Boko Haram from re-grouping, Buhari will have to oversee a complete restructuring of an army hollowed out by years of neglect and corruption. He will also need to ramp up security and intelligence services as the insurgents, denied territory, resort increasingly to terror attacks.
Two assaults in the country’s northeast over the weekend took several dozen lives, underscoring the urgency.
Buhari will also need to strengthen the relationship with those countries assisting in the fight, whose leadership feels that they are doing the bulk of the work with little recognition.
The insurgency has devastated parts of Nigeria. The United Nation’s Deputy emergency relief coordinator, Kyung-wha Kang, says that some 1.5 million people have been displaced by the fighting, creating one of the worst humanitarian crises in the world today.
More than 300 schools have been severely damaged or destroyed, and less than 40% of health facilities, in a historically underserved area, remain operational. Farmers have fled fighting in the country’s agricultural heartland, leading to rising food costs and the risk of widespread malnutrition.

It’s the economy, stupid
Nigeria may have surged past South Africa to become the continent’s biggest economy last year, but that growth has slowed.
The International Monetary Fund estimates that economic growth will slow to 4.8% this year, down from 6.1% in 2014, and the Naira is down 17% against the dollar. Inflation is on the rise, and foreign reserves are at a historic low, largely due to the decline in oil and gas prices, which provide nearly 70% of government income.
The oil and gas sector only accounts for about 16% of GDP, which means that if Buhari can help the government diversify its revenue base to better incorporate Nigeria’s booming entertainment and telecoms sector, he could oversee a return to better growth.
The problem is that when it comes to economics, he is largely inexperienced, and will have select cabinet members with strong economic and business backgrounds.
“I believe that Buhari is going to choose a very strong, good team in various departments, but most especially in economy,” Nigeria’s Nobel laureate Wole Soyinka told Bloomberg TV. “I think, like me, he’s an economic illiterate.”

Keeping the oil-rich delta area onside
To secure Nigeria’s economic growth, Buhari will have to prioritize his government’s relationship with the militants that upended the oil industry for much of the early 2000s. In 2009, then Vice President Jonathan negotiated a temporary amnesty deal with the militants that saw an end to the attacks on oil pipelines and kidnappings of foreign oil workers that made the region a no-go area and drove the price of oil to record highs.
In exchange the militants, who claimed that they had long been denied the oil riches from their native lands, received generous payouts. The deal, which includes education stipends for some 30,000 residents, is set to expire at the end of 2015.
If Buhari is not prepared to extend multi-million dollar contracts with local powerbrokers that make up a large portion of the amnesty agreement, the militants could respond with violence, igniting an uprising in the south even as he tackles the Boko Haram insurgency in the north.
Buhari could extend the agreement, but better still would be to address the underlying issues: that the Delta’s oil wealth funds the nation with little in return for locals but environmental degradation and a few low-wage, low-skill jobs.


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

General News

Firm Gives Advice on How to Stay Secure as AI, robots and VR are Redefining Family Life

Published

on

Kindly share this post

Over the past 10 years, families have experienced shifts in structure and a perceived increase in fragmented interactions at home, largely driven by the pervasive use of technology and changing social norms. What does the next decade hold in store?

According to a global survey* by Kaspersky’s market research center, an overwhelming 81% of people believe digitalisation will fundamentally alter families’ joint pastimes within the next decade. This shift points to a future where bonding is mediated by advanced technology, creating new rituals and challenges in equal measure.

Screen time is family time, but it has its risks

Nearly half (48%) of all respondents envision AI-powered bedtime stories becoming a norm, a figure that rises to 53% among 18–34-year-olds. Today, apps and smart devices offer AI-narrated tales with customisable characters and plot twists.

For the busy parent, it presents a novel aid, for the child, an endlessly patient, interactive storyteller.

Meanwhile, with 31% of families anticipating children opting for digital pets over real ones, it seems that ‘man’s best friend’ just got its first update.

It should be noted, however, that while AI has the potential to enrich a child’s life, it necessitates vigilance. When children interact with AI, for stories or learning, parents must be proactive.

Select services with strong privacy policies that do not unnecessarily store or misuse a child’s data or voice interactions and further enhance control with digital parenting assistants like Kaspersky Safe Kids to restrict content and balance screen time.

Parents would be well placed to treat AI interactions as a new digital playground where they can use parental controls to limit session duration, choose vetted, age-appropriate AI story platforms, and most importantly, maintain an open dialogue about what these stories are and how they are created. Explain to children that an AI is a tool, not a friend, and encourage them to report any strange or uncomfortable interactions, just as they would in the physical world.

The key is to ensure AI complements human interaction, not replaces the comfort of a parent’s voice.

Blowing out the digital candles

Another 43% predict family celebrations migrating to video call formats as a standard, not an exception, a trend accelerated by recent global events but now seen as a permanent fixture for dispersed families.

Meanwhile a daring 26% can imagine taking family vacations entirely in virtual reality. This sounds like the stuff of science fiction, but then 10 years ago, the type of generative AI being used today was not widely anticipated.

This fragmented outlook highlights that the future of family digital activity will not arrive as a uniform wave, but as a series of adoptions shaped by cultural openness and digital infrastructure. For security leaders like Kaspersky, this evolving landscape presents new vectors for risk within the most intimate of spaces, the smart home.

Preparing the digital home for tomorrow’s family

43% of all respondents foresee home robots as family members. Moving beyond voice-activated personal assistants or autonomous vacuum cleaners, these would be embodied AI companions capable of tutoring, playing games, or providing companionship.

In the eyes of hackers, however, every new device, from a VR headset to a robot nanny, is a potential entry point. To keep things secure, change default passwords immediately, ensure all device firmware is regularly updated, and segment your home network.

Use Kaspersky Premium with a Smart Home Monitor which scans users’ home Wi-Fi network 24/7, and shows a list of devices connected to it, including such details as device type, OS and IP address, and alerts when a new or unknown device connects.

As robots, AI, and VR devices become part of the family circle, security must be foundational, not an afterthought.

“The accelerating pace of technology is not fragmenting the family but redefining its shared spaces. The future, as seen by the global majority, is one where digital and physical experiences blend to create new forms of togetherness, from a grandparent joining a birthday party via hologram to a child caring for a digital pet with a sibling across the globe.

“The challenge and opportunity lie in building secure digital environments with intention, ensuring they are safe, respectful, and ultimately, tools that bring us closer,” comments Seifallah Jedidi, Head of Consumer Channel for META at Kaspersky.


Kindly share this post
Continue Reading

General News

Corporate Comms in the Age of Crypto: Why Nigeria’s Digital Finance Future Depends on Trust

Published

on

Kindly share this post

By John Kokome

By the time you finish reading this article, the price of Bitcoin may have changed twice. That is the nature of cryptocurrency, fast, volatile, and borderless. Yet beyond price charts and trading apps lies a less discussed but critical pillar of Nigeria’s digital finance revolution: corporate communications. In the age of crypto, communication is no longer a support function. It is infrastructure.

Nigeria is one of the world’s fastest-growing crypto markets. Chainalysis ranked the country second globally in cryptocurrency adoption in 2023, driven largely by everyday retail users rather than institutions.

Between July 2023 and June 2024 alone, Nigerians received an estimated $59 billion in cryptocurrency value, the highest in Sub-Saharan Africa. Yet public perception remains sharply divided, crypto is seen as opportunity by some and risk or outright scam by others.

In such an environment, how crypto companies communicate can determine whether they earn trust, attract scrutiny, or lose credibility entirely.

The Complexity Challenge

Blockchain, decentralised finance, wallets, custody, smart contracts etc., are not everyday concepts for most Nigerians. Yet millions are expected to trust these systems with their savings, businesses, and livelihoods.

Corporate communications must therefore evolve from promotion to translation. Crypto companies must become educators, simplifying complex ideas without downplaying risks.

Hype must give way to clarity; speculation must yield to responsibility.

Some homegrown platforms, including FlashChange and other emerging African crypto brands, have begun prioritising financial literacy and user education. That shift is encouraging, but it must become the industry norm, not the exception.

Trust as a Strategic Asset

Trust in financial institutions is fragile globally, but particularly so in emerging markets where currency devaluation and policy uncertainty are familiar experiences. Crypto gained traction in Nigeria partly because people sought alternatives.

Still, crypto companies cannot assume automatic trust. In traditional banking, trust has been built over decades. In crypto, trust is built in real time, on social media, customer support channels, and community forums.

A single outage, security breach, or regulatory misunderstanding can escalate into a reputational crisis. Silence is read as guilt. Ambiguity feels deceptive. Delay looks incompetent. In Nigeria’s fast-moving digital ecosystem, communication speed must match market speed.

Nigeria’s policy evolution on crypto reinforces this point. In December 2023, the Central Bank of Nigeria (CBN) issued guidelines allowing banks to open accounts for Virtual Asset Service Providers, effectively shifting from restriction to regulation.

The CBN acknowledged that global trends demand oversight, not exclusion, while warning of risks related to money laundering, terrorism financing, and consumer protection gaps.

The Securities and Exchange Commission (SEC) has echoed this stance, emphasising that Nigeria’s digital asset future must be anchored on innovation, collaboration, and trust, with clear licensing and investor protection frameworks.The message is clear: crypto is now part of Nigeria’s financial architecture, and communication is central to compliance.

A Young, Digital Audience

Nigeria’s demographics explain crypto’s momentum. According to the National Bureau of Statistics, over 63 percent of Nigerians are under 25, and internet penetration now exceeds 50 percent, driven largely by mobile broadband. This digital-native population consumes information quickly, questions authority openly, and shapes narratives in real time.

Corporate communications teams must engage this audience with transparency and relevance, not marketing noise.

Crisis Communications in a 24/7 Market

Crypto markets never sleep. Crises do not respect office hours. Hacks, liquidity shocks, and regulatory announcements can happen at any moment.

Communications teams must therefore operate like newsrooms prepared, responsive, and coordinated. Pre-approved crisis playbooks, trained spokespersons, and real-time monitoring are no longer optional.

Most importantly, crisis communication must be human-centred. Nigerians want clear answers: Is my money safe? What happened? What comes next?

Brands that respond with honesty and empathy endure. Those that hide behind jargon do not.

Narrative Capital vs Market Share

In Nigeria’s crowded fintech and crypto space, companies often compete on fees and features. But the most durable advantage is narrative capital the credibility and emotional connection built over time.

Narrative capital determines whether users stay during downturns, regulators listen during consultations, and the media seek your voice. Platforms like FlashChange have a responsibility to tell Africa’s crypto story with authenticity, data, and purpose.

From Evangelists to Translators

Nigeria no longer needs crypto evangelists promising disruption. It needs translators, professionals who connect blockchain to remittances, wallets to small businesses, and decentralisation to economic opportunity.

As crypto matures, corporate communications will increasingly determine its legitimacy. Code may power platforms, but communication powers confidence. And confidence, more than any algorithm, will decide whether digital finance fulfils its promise for Nigeria.

John Kokome is the Corporate Communications Manager at FlashChange, a fintech platform redefining secure digital asset exchange. With experience across fintech, cryptocurrency, telecoms, and development communications in Africa. He currently leads strategic storytelling, reputation management, and stakeholder engagement initiatives at the company, focusing on building trust, transparency, and financial literacy in the digital assets space. John’s work sits at the intersection of policy, technology, and public perception, with a strong emphasis on Africa-first narratives and responsible innovation. He has contributed opinion pieces and thought leadership articles on governance, youth empowerment, branding, and Nigeria’s evolving digital economy.


Kindly share this post
Continue Reading

General News

Senate confirms Oyewole as Supreme Court justice

Published

on

Kindly share this post

Senate has confirmed Hon. Justice Joseph Olubunmi Kayode Oyewole, JCA, as a Justice of the Supreme Court of Nigeria.

Senate confirms Oyewole as Supreme Court justice

Hon. Justice Joseph Olubunmi Kayode Oyewole, JCA

The confirmation was concluded on Tuesday, February 3, following the presentation and consideration of a report by the Senate Committee on Judiciary, Human Rights and Legal Matters.

The report was presented by the committee’s chairman, Senator Adeniyi Adegbonmire of the All Progressives Congress, representing Ondo Central.

Presenting the report, Senator Adegbonmire said: “That the Senate do Receive and Consider the Report of the Committee on Judiciary, Human Rights & Legal Matters on the confirmation of the nomination of Hon. Justice Joseph Olubunmi Kayode Oyewole, JCA, as a Justice of the Supreme Court of Nigeria.”

The confirmation followed a formal request by Bola Tinubu, who wrote to the Senate last Tuesday seeking legislative approval for the appointment. The letter was read on the floor of the Senate by the President of the Senate, Godswill Akpabio.

In the letter, President Tinubu stated: “Pursuant to Section 231 (2) of the 1999 Constitution of the Federal Republic of Nigeria as amended.

“I am pleased to present for confirmation by the Senate the appointment of Hon. Justice Oyewole Kayode as Justice of the Supreme Court of Nigeria. While it is my hope that the Senate will consider and confirm the nomination expeditiously, please accept the assurances of my highest regards.”

Following the reading of the letter, Akpabio referred the executive communication to the Senate Committee on Judiciary, Human Rights and Legal Matters for further legislative action.

The committee was directed to carry out its work and report back to the Senate as soon as possible, a process that culminated in the confirmation approved by the chamber.


Kindly share this post
Continue Reading

Trending