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NDPC Chief, Olatunji, Spotlights Data Protection’s Role in Digital Economy

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Dr. Vincent Olatunji, National Commissioner/CEO of the Nigeria Data Protection Commission (NDPC), shed light on the significance of data protection in the digital economy during the recent pre-launch of the National Privacy Awareness Campaign.

Speaking at the ’50 Most Valuable Personalities in Nigeria’s Digital Economy Conference & Award’ in Lagos, Olatunji emphasized the crucial role data protection plays in fostering a thriving digital economy. He underscored the commitment of NDPC to raising awareness among citizens regarding data protection principles, essential for ensuring compliance with the Nigeria Data Protection Act 2023.

He said, “we firmly believe that awareness is a pre-condition for compliance and the ability of all operators including Licensed DPCOs to effectively do their tasks as prescribed by the law – Nigeria Data Protection Act 2023. Therefore, I want to recommend the NSDPA to reach out for support of associations such as ALDAPCON as critical stakeholders in the data protection ecosystem.

“What we expect in the weeks and months ahead is that the message of data protection will begin to run deep in corporate Nigeria and rural settlements and semi-urban centres across the country”

The National Privacy Awareness Campaign is anchored by the Nigerian Stakeholders for Data Protection Awareness (NSDPA).

The pre-launch ceremony which held as part of the highlights of the 50 MVPS event attracted stakeholders from various sectors, including the leadership and members of prominent associations such as the Association of Telecommunications Companies of Nigeria (ATCON), Association of Licensed Telecoms Operators of Nigeria (ALTON), and the Association of Licensed Data Protection Organisations of Nigeria (ALDAPCON).

Olatunji highlighted the necessity of awareness as a precursor to compliance, stressing the importance of collaboration with critical stakeholders like ALDAPCON to enhance data protection practices across corporate Nigeria and local communities.

Sani Ahmed Yaro, Zonal Coordinator of the Nigerian Stakeholders for Data Protection Awareness (NSDPA), shared plans for a national campaign aimed at educating every Nigerian on data privacy. He was represented by Delmwa Gogwim, a senior executive of the NSDPA.

Ivan Anya, Chairman of ALDAPCON, echoed similar sentiment, affirming the pivotal role of awareness in optimizing the functions of licensed Data Protection Compliance Organizations (DPCOs).

Nigeria’s digital economy and opportunities for young people

Furthermore, Prof. Nentawe Goshwe Yilwatda presented insights on Nigeria’s digital economy and opportunities for young people. He highlighted the transformative potential of emerging technologies like the Internet of Things, artificial intelligence, and robotics in revolutionizing various sectors.

People’ by Prof. Nentawe Goshwe Yilwatda, Nigeria has a good chance to leapfrog its economy by leveraging the unfolding opportunitiesin the technology realm.

His words: “the Fourth Industrial Revolution (4IR) presents a transformative opportunity for Nigeria to harness the power of emerging technologies such as the Internet of Things, machine learning, artificial intelligence, and robotics to revolutionize various sectors, from agriculture and healthcare to manufacturing and security.”

Prof. Yilwatda, a scholar and politician, said Nigeria must intentionally prepare its youths for the vast opportunities in the digital economy.

He said “Some of the opportunities available for young people in the digital economy space are a fertile ground for young entrepreneurs to launch innovative startups and digital businesses. From e-commerce ventures and fintech solutions to digital content creation and marketing.

Adding: “Young entrepreneurs can leverage emerging technologies like artificial intelligence, machine learning, and the Internet of Things to develop cutting-edge solutions across various sectors, including agriculture, healthcare, manufacturing, and security… Between 2016 and 2019, Nigeria spent a staggering N3.35 trillion on agricultural imports, while exports remained meager at N803 billion. Leveraging 4IR technologies such as precision agriculture, smart farming, and data analytics could potentially revolutionize this sector, boosting productivity and efficiency.

The other opportunities are employment and freelancing: The rise of remote work and the gig economy has opened up new avenues for employment and freelancing opportunities for Nigeria’s youth. With the global remote jobs market expected to reach $100 billion by 2032, young Nigerians can leverage their digital skills to secure lucrative remote roles in areas such as web development, digital marketing, virtual assistance, and many more.

Furthermore, as companies across sectors embrace digital transformation and 4IR technologies, there is an increasing demand for professionals with specialized digital skills, such as data analysts, cybersecurity experts, software developers, robotics engineers, and artificial intelligence specialists. Young Nigerians can position themselves for these high-growth job opportunities by acquiring relevant digital skills and staying abreast of emerging technological trends.”

Prof. Yilwatda said Nigeria can unlock the transformative power of its digital economy and position itself as a global leader in this rapidly evolving space by investing in youths and digital infrastructures.

 ‘Myths and Realities of Nigerian Digital Economy’

Additionally, Ike Nnamani, CEO of Digital Realty Nigeria, challenged policymakers and stakeholders to debunk myths surrounding the Nigerian digital economy. He identified key misconceptions, including exaggerated claims about Nigeria’s data center market and its position in Africa’s digital landscape.

Nnamani acknowledged, “Nigeria is undergoing accelerated digitization of the consumer and enterprise economies, in turn driving demand for people with digital skills, data center capacity and attracting new providers into the market.”

However, the myths of its digital economy present challenges and opportunities for government, policy makers and other stakeholders including operators to stir the country to progress and ‘shared prosperity.’ He identified five myths associated with the country’s digital economy.

He itemized the five myths  in this order:

Myth #1: Nigeria has excess number and capacity on subsea cables

The fact demonstrated by the “recent subsea cables cut shows more redundancy needed,” Nnamani told an audience of ICT/Telecoms CEOs and political though leaders.

Myth #2: Nigeria has strong cloud services and local cloud infrastructure

This is clearly not the reality on ground. While there are significant numbers of cloud infrastructure providers, the gaps for cloud services remain extensive and largely unmet.

Myth #3: The Digital Economy will be primarily driven by Telcos –  While this myth may have been reinforced by deliberate policy attention on telcos and the huge mobile subscriptions in excess of 200 million, a mix of factors including the technology shift to 5G with onward progression to 6G and the rise of hyperscalers would mean that the digital economy will be beyond telcos as sole markers of growth.

Myth #4: Nigeria’s datacenter market has matured. Nnamani emphasized: “the fact is that Nigeria is the country with largest datacentre potential in Africa but currently lagging behind smaller economies as the table shows. There is tendency for regular exaggeration of the growth curve for datacentres that often play down the significant growth of datacentres and impact in other economies within the continent.

Myth #5: Nigeria’s GDP makes it the leader in Africa digital economy.  Nigeria’s ranking as the largest economy does not equate to the largest d

The 50MVPs is organised by IT Edge News, to highlight challenges and trends in the sector as well as honour trailblazers and steadfast leaders who have propelled the digital economy forward despite formidable obstacles.

“This is the time to highlight progress, examine challenges, rework partnerships, and recognise icons, said Olusegun Oruame, Founder of IT Edge News, published since 2024

The ’50 Most Valuable Personalities in Nigeria’s Digital Economy Conference & Award’ serves as a platform to address sectoral challenges, honor industry pioneers, and recognize individuals driving digital innovation in Nigeria, as noted by Olusegun Oruame, Founder of IT Edge News, the event organizer.

 


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E-Business

Kaspersky Reveals Malware Attacks on SMBs Disguised as AI Services Surged by Five Times in 2026

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From January to April 2026, Kaspersky security solutions detected more than 33,300 attacks on small and medium-sized businesses (SMBs), in which malicious or unwanted software for PCs were disguised as popular artificial intelligence (AI) services. This number has surged by almost five times when compared to the same period in 2025.

A new Kaspersky report reveals threat analysis and mitigation strategies to help SMBs protect themselves against the evolving threat landscape.

Kaspersky experts explored the extent to which threat actors target small and medium-sized businesses with malware disguised as legitimate AI services, considering the growing popularity of such tools for the business workflow. At the beginning of 2026 the most common lures in cyberattacks involved malware posing as ChatGPT (42%), Claude (24%), and DeepSeek (20%).

Among unique malicious files detected in the SMB sector and masqueraded as AI services, Kaspersky experts observed mainly different Trojware (Trojans and Trojan-like malware), including those capable of downloading and running other malware on compromised devices.

Trojware disguises itself as harmless files to trick users into installing them. Their functionality may vary depending on the type of the malware. It may include stealing, deleting, blocking, modifying or copying users’ data, as well as other malicious capabilities. Given this, Trojware represents a highly dangerous cyberthreat to entrepreneurs and businesses.

However, in 2026 Kaspersky telemetry detected even more attacks on SMBs, in which malicious or unwanted software for PCs were disguised as messenger apps and video conferencing software: Telegram, WhatsApp, Zoom and Microsoft Teams. From January to April Kaspersky solutions blocked almost 415,000 such attacks.

The number of attacks changed marginally compared to the previous year’s figures. Thus, Kaspersky experts note that the lure of fake communication apps remains a widespread cyberthreat.

“The threat landscape is evolving with new lures constantly appearing. For example, for the first four months of this year our solutions for small and medium-sized businesses detected hundreds of attacks, in which malicious or unwanted software were disguised as OpenClaw – an AI tool that rapidly gains popularity in 2026.

Corporate employees are increasingly using various AI services and other tools in their workflows, including those that are publicly available. Thus, to be on the safe side, SMB employees – as well as all users – should exercise caution when looking for software on the Internet. Always check the correct spelling of the website and links in suspicious emails, and use robust security solutions,” says Vasily Kolesnikov, security expert at Kaspersky.

“As adversaries constantly refine their methods to exploit human error, the need for up-to-date security awareness training for businesses of all kinds and sizes is undeniable. However, the reality is that micro-organisations often struggle to allocate time and budget to regularly update their staff on the latest threats and malicious trends.

“We believe this issue can be largely addressed through solutions tailored for small businesses which deliver robust core protection while also providing accessible security education,” adds Rodion Pyanov, product manager, Kaspersky Small Office Security.

 


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LG Showcases AI-Powered Smart Living Innovations @ Africa Technology Expo 2026

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LG Electronics has reaffirmed its commitment to advancing innovation and smart living across Africa by participating as a supporting sponsor at the Africa Technology Expo (ATE) 2026, where the company is showcasing its latest portfolio of premium consumer electronics and home appliance innovations.

The two-day expo, themed around strengthening Africa’s enterprise technology ecosystem through collaboration and innovation, has brought together industry leaders, technology innovators, multinational companies, policymakers, and entrepreneurs to explore opportunities for cross-border partnerships and digital transformation across the continent.

As one of the supporting sponsors of this year’s event, LG’s interactive exhibition booth has become a major attraction, offering visitors firsthand experience of the company’s latest AI-powered technologies designed to enhance everyday life while delivering greater comfort, convenience, energy efficiency, and connectivity.

Among the innovations on display are the latest LG QNED TV, delivering exceptional picture quality and immersive entertainment; the iconic MoodUP™️ Refrigerator, which combines intelligent cooling with customizable LED door panels; the innovative LG WashTower™️, an all-in-one premium laundry solution that maximizes space and efficiency; the energy-efficient LG ARTCOOL Air Conditioner and LG Air Tower, designed to provide smarter climate control; alongside LG’s advanced Dehumidifier and other intelligent home solutions.

Speaking on LG’s participation, Mr. H.S. ji, Managing Director, LG Electronics West Africa, said: “Africa Technology Expo provides an excellent platform to engage with innovators, businesses, and consumers who are shaping the future of technology across the continent. At LG, innovation goes beyond creating advanced products, it is about developing meaningful solutions that improve everyday life.

“Our participation reflects our commitment to supporting Africa’s digital transformation while introducing intelligent technologies that make homes and workplaces smarter, healthier, and more energy-efficient.”

The Africa Technology Expo was established to foster stronger collaboration among African businesses, emerging enterprises, and multinational organisations. During the opening ceremony, the organisers emphasized the need for deeper continental collaboration to unlock Africa’s innovation and economic potential, noting that previous editions of the expo have facilitated approximately $192 million in business deals among participating companies.

LG’s presence at the event aligns with this vision by demonstrating how cutting-edge consumer technology can support economic growth, digital inclusion, and sustainable development across Africa.

Visitors to the LG booth are participating in live product demonstrations, interactive experiences, and expert consultations, gaining valuable insights into how LG’s AI-powered ecosystem seamlessly connects home appliances and entertainment products to deliver a smarter lifestyle.

As technology continues to reshape industries and everyday living, LG remains committed to driving innovation that empowers consumers, supports enterprise growth, and contributes to Africa’s evolving digital economy.


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Want a Business Loan Without Interest? SMEDAN Launches N500m Fund

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Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has secured a 12 million-dollar commitment from the South Korean Government to establish a Skills Acquisition Centre in Abuja to boost entrepreneurship and strengthen Nigeria’s Micro, Small and Medium Enterprises (MSMEs).

Want a Business Loan Without Interest? SMEDAN Launches N500m Fund

SMEDAN

The Director-General of SMEDAN, Mr Charles Odii, disclosed this in a statement on Sunday to commemorate the 2026 World MSME Day with the theme: “Empowering MSMEs through Innovation and Sustainable Industrial Development.”

Odii said the proposed centre would provide vocational and entrepreneurial training for thousands of young Nigerians and improve the productive capacity of small businesses across the country.

He said the agency was awaiting the allocation of land by the Federal Capital Territory Administration (FCTA) to commence the project.

According to him, SMEDAN is determined not to allow Nigeria to lose the opportunity presented by the South Korean Government’s intervention.

“We need land in the FCT to build the Skills Acquisition Centre. If the FCT Administration is unable to provide one, we will use our office premises in Idu, Abuja, because we do not want Nigeria to miss this 12 million-dollar commitment and opportunity offered by the Korean Government to support skills and vocational training,” he said.

Odii described MSMEs as the backbone of Nigeria’s economy, noting that the agency’s interventions were aimed at empowering small businesses to drive employment and economic growth.

“Small businesses are the heartbeat of Nigeria’s economy. They contribute significantly to employment generation and economic growth.

“By providing infrastructure, skills and financing, we are creating an enabling environment for them to grow, thrive and contribute meaningfully to national development,” he said.

The SMEDAN boss also announced the launch of a N500 million zero-interest Grow Fund to improve access to affordable finance for MSMEs.

He said the facility would be disbursed through cooperative societies, trade associations and business membership organisations under a revolving loan arrangement.

Odii explained that the association-based lending model was designed to improve accountability, ensure effective monitoring and guarantee that funds reached genuine entrepreneurs.

“We visited traders at the market because it is not enough to sit in offices and formulate policies without understanding the realities of the people we are meant to serve.

“We met with butchers, pepper sellers, vegetable traders, provision store owners and market leaders, and they all said one thing: they need access to affordable finance.

“That was why we immediately decided to launch the N500 million Grow Fund. We are not giving the money directly to individuals. We are giving it to associations that know their members and can monitor how the funds are used,” he said.

According to him, beneficiaries will access loans ranging from N250,000 to N500,000, depending on their business needs, without paying interest.

“The funding is meant to support and improve businesses. It should be used for working capital, workspaces, tools and other productive business needs.

“It is a revolving fund. When one beneficiary repays, another entrepreneur can access the same money. This way, the impact of the intervention continues to expand and more small businesses can benefit,” he added.

Odii said the agency planned to expand the fund through partnerships with state governments, development partners and financial institutions willing to provide matching funds.

He also disclosed that SMEDAN had commenced consultations on a new National MSME Policy, expected to be relaunched in November, to strengthen the policy framework for the sector.

He reaffirmed the agency’s commitment to supporting small businesses through skills development, access to finance and policies that would enhance their competitiveness and contribution to Nigeria’s economic development.


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