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Nigerians Urged to Embrace Entrepreneurship @ Adenuga Chair Lecture

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L-r - Chairman of the Occasion/ Pro- Chancellor & Chairman of Governing Council, Ajayi Crowther University, Dr. Olutoyin Okeowo, Vice Chancellor, Unilag, Professor Folasade Ogunsola, 1st Occupier of Dr. Adenuga jr. Professorial Chair , Unilag, Professor Sunday Adebisi, Mrs. Adetoun Adebisi, Chairman of Board of Trustees of Dr. Adenuga Professorial Chair, Professor Taiwo Osipitan and Registrar, Unilag, Mrs Olakunle Makinde during the first special annual lecture of Dr. Mike Adenuga jr. Professorial Chair in Entrepreneurial Studies at University of Lagos on Tuesday.
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To guarantee value creation in the country, Nigerians and governments at all levels have been urged to adopt a focus on “entepreneurship” as a matter of policy and conscious desire. In addition to addressing the problems of deprivation, hunger, unemployment, and emigration this will bring a lot of unofficial enterprises into the formal system.

Professor Sunday Adebisi, the first occupant of the Dr. Mike Adenuga Jr. Professorial Chair in Entrepreneurial Studies at the University of Lagos and also the director of the school’s Entrepreneurship and Skill Development Center, made the disclosure during his first special lecture on “Revolutionizing the Nigerian Economy to Create Jobs and Sustainable Wealth.” Tuesday at University of Lagos is “The Sole Ladder, The Sole Option, The Sole Platform.”

He opined that everything happening in and around Nigeria are daily presenting opportunities, and that its people would help the country generate enormous amounts of money if they were given guidance and well-thought-out regulations.

“Government should identify possible innovations in the areas of their strength and motivate the citizens to pursue enterprise opportunities there. The three tiers of Government must make a deliberate effort to support the democratization of innovation and entrepreneurship from the next academic session in all levels of education in Nigeria with a good monitoring team at all levels”, Professor Adebisi said.

In her remarks, the Vice Chancellor of the University of Lagos, Professor Folasade Ogunsola, lauded Dr. Mike Adenuga for his commitment to promoting entrepreneurship and entrepreneurial academic knowledge and skills acquisition through the endowment of the professorial chair.

According to her, the Adenuga Professorial Chair’s Board of Trustee’s determination is pushing the university closer to the fulfillment of a common goal between the donor and the institution by using the chair to jointly explore novel avenues that would not only address the economic challenges the nation faces “but also clear the way for our children to grow up in a sustainable and prosperous future”.

The lecture, according to Professor Taiwo Osipitan, Chairman of the Board of Trustees of the Dr. Adenuga Professorial Chair, was intended to examine how to incorporate entrepreneurship challenges and generate profitable employment in the nation.

In order to spark entrepreneurship research, pave a new path for entrepreneurship knowledge and practice, and foster the establishment of businesses in the context of our developing democracy, the Mike Adenuga Professorial Chair in Entrepreneurial Studies was established in 2008.

The Mike Adenuga Professorial Chair in Entrepreneurial Studies was instituted in 2008 to kindle Entrepreneurship Research, knowledge and practice, and enterprise creation in our nation’s fledgling democracy.

 


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Experts Reveal a Steady Decline of High-severity Incidents Over the Years

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According to the ‘Anatomy of a Cyber World: Global Report by Kaspersky Security Services’, there has been a noticeable decline in the percentage of high-severity incidents over the past few years.

While 2021 recorded the highest proportion at 14.3%, 2025 experienced the lowest in six years at just 3.8%. This trend indicates that many attack attempts were quickly detected and effectively mitigated by Kaspersky MDR experts, preventing their severity from escalating beyond medium levels.

High-severity incidents are defined as attacks involving direct human involvement that result in a significant impact on the customer’s IT infrastructure. In 2025, the number of such incidents detected by Kaspersky MDR decreased by 19% compared to 2024, highlighting improvements in early detection capabilities and more effective remediation efforts among Kaspersky MDR clients.

A detailed analysis of the root causes of these incidents in 2025 reveals the following insights:

Human-driven attacks accounted for approximately 23% of high-severity incidents. Although this represents a slight decrease from 2024, they continue to be the primary cause of serious breaches.

Kaspersky detected such attacks in nearly 21% of customers, demonstrating that motivated adversaries persist in bypassing automated defences. Despite advancements in automated detection tools, these highly skilled attackers still find ways to evade security measures.

Confirmed cyber exercises like Red Teaming made up over 23% of incidents. When activity is verified as part of security testing, it’s often classified as infrastructure false positives, though customers frequently report them as incidents.

Social engineering ranked third, responsible for over 15% of high-severity attacks and affecting nearly 18% of organisations. These are classified as high-severity when successful and not automatically remediated, often leading to security awareness recommendations.

Security policy violations constituted just under 14% of all cases, involving legitimate accounts performing suspicious actions like data exfiltration. Malware incidents represented less than 12%, while artifacts from past attacks, or APT traces, were found in over 7% of cases. Vulnerability detection, though not core focus for Kaspersky MDR, was reported in fewer than 5% of incidents.

“The decline in high-severity incidents highlights the critical importance of adopting a proactive cybersecurity strategy. Human-led solutions such as Managed Detection and Response (MDR) and Incident Response remain essential in combating sophisticated, human-driven threats.

To further enhance the effectiveness and efficiency of in-house security teams, organisations should incorporate advanced, automated solutions like Extended Detection and Response (XDR), which provide improved visibility and enable faster responses.

Additionally, leveraging SOC consulting services can assist in building a robust Security Operations Center from the ground up or optimising an existing one for maximum performance.

An integrated approach to hybrid security operations empowers organisations to detect threats early, contain them swiftly, and ultimately prevent severe breaches from occurring,” comments Sergey Soldatov, Head of Security Operations at Kaspersky.

 

 

 

 

 


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Google, UpSkill Universe Relaunch Hustle Academy to Bring Free AI Skills to Africans

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Google and UpSkill Universe, Sub-Saharan Africa’s leading AI and business skills training partner, have announced a major redesign of the Google Hustle Academy programme.

For the first time, the free training initiative is open to everyone, not just business owners. The new curriculum is focused on equipping individuals and entrepreneurs with practical AI skills.

Small businesses are the engine of Africa’s economy, creating over 80% of jobs on the continent. To help them grow, the Hustle Academy was launched in 2022, providing bootcamp-style training on business strategy, digital skills, AI, and leadership. The program has since trained over 18,000 SMEs, with many reporting increased revenue and job creation.

Now, as AI reshapes the job market, the program is evolving. The 2026 edition is built for anyone in Sub-Saharan Africa, including employees, students, and jobseekers, who wants to use AI to advance their career.

To meet the needs of a diverse audience, the new format includes short, 60-minute webinars and more immersive, high-impact bootcamps. These sessions are laser-focused on putting AI to work immediately in areas like digital commerce, marketing, and growth strategy.

Speaking about the academy, Gori Yahaya, Founder & CEO UpSkill Universe said “The 2026 Hustle Academy is designed to close the AI Skills gap with hands-on training that is short, focused, and immediately useful. AI is reshaping how businesses win and how careers are built, right across this continent.

“We’re excited to renew our partnership, now in its fifth year with Google, combining their global AI leadership with our deep regional AI expertise. The next wave of AI leaders will come from this continent. We are making sure they are ready.”

The Hustle Academy initiative has strengthened digital competitiveness across emerging African economies by enabling SMEs to move beyond AI awareness to practical implementation, positioning them for sustained growth in an increasingly AI-driven business environment.

“We believe that the future of Africa’s digital economy lies in the hands of individuals and entrepreneurs alike. Our new strategy focuses on scaling reach by training individuals in the latest AI-centered tools and techniques,” said a Google representative.

 


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Lagos Govt Drags Top Firms to Court Over Billion-Naira Tax Debts

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Lagos State has dragged 45 individuals and firms, including Bi-Courtney Aviation, DAAR Communications and Leaders & Company, to revenue court for tax debts running into billions of naira.

Lagos Govt Drags Top Firms to Court Over Billion-Naira Tax Debts

Lagos Govt

Bi-Courtney, operators of Murtala Muhammed Airport Terminal Two, faces N38.7 million claim; DAAR, behind Africa Independent Television, owes N22.4 million; ThisDay publishers Leaders & Company allegedly skip N67.1 million.

GMT Energy Resources tops corporates at N145.8 million, followed by Sheriff Deputies at N132.1 million; others like Heyden Petroleum, AA Rescue, BRT operator Primero also listed.

Individuals owe N13.5 million to N35 million each.

Attorney-General Lawal Pedro said suits followed ignored notices, aiming to enforce laws and fund infrastructure.

More defendants: IENG Nigeria, James Fisher, V Care Diagnostics, Venture Garden, Saro Africa, Barry Callebaut, Native Media, First Consulting, Eyowo Payments.

Compliant taxpayers post-notice escaped prosecution; defaulters risk penalties, interest, jail.

Pedro urged prompt filings and payments.


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