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Nigeria’s Position in MINT Economy Revolves Round IT-Experts

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Ngozi Okonjo-Iweala, Coordinating Minister for the Economy
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Information Technology (IT) experts unanimously agreed that Nigeria can leverage on its position in the MINT economy by exploring all aspects of information technology and intelligence.

Addressing guests at the Digital Africa Conference and Exhibition in Lagos, on Monday, Mrs Omobola Johsnon, minister of Communication technology, said the national ICT policy reflects the countries yawning to play at the global stage in the IT/ICT sector.

The Minister represented by Engineer Peter Jack, director general of NITDA, said that various policies articulated by the Ministry since its establishment in 2011 are geared towards opening the sector for the public and private sectors to jointly articulate projects that will reflect global trends in the ICT industry.

Dr. Evans Woherem, executive chairman, Digital Africa Global Consults, while welcoming guests to Conference and Exhibition, said there is socio-economic dimension of the exponential growth in IT.

He said, for example, in the nearest future more and more robots will take away not only jobs by blue collar workers but even the jobs of white collar workers including managers and professionals.

“As this happen, it means that capital is becoming labour thus blurring the demarcation between capital and labour.  In fact, the prediction that Nigeria is part of the MINT nations is largely based on our population size. So, what if IT or robots in particular also become labour by working and displacing humans, then it means that some of the advantages provided by labour has been eroded. So where lies the population advantage of countries like Nigeria?

“We have an exponential world. How do we ride it, or shape it, instead of merely reacting to it, to how it unfolds? My argument has always been that Africa should not sit idly by while the future of the world it will participate in, live in, is created elsewhere. Africa should be part of the debate or discourse on how to shape the exponential technologies to provide us a desired future.

“The idea of the exponential new techs is that they seem unbelievable and products of science fiction and yet they are already here with us. Africa should note them as they denote some of the revolutionary products out there that we have to take into consideration as we play catch up.

“I am suggesting that Africa needs Techshops. They are places with all the materials, to produce things, e.g., cutting and shaping machines, as well as the laboratory or factory environment that anybody requires to make anything imaginable. Many people in Africa, especially the youth have numerous ideas of what they want to make but for the fact that there are no Techshops that can assist them to do so.

“Africa needs either through the private sector or public sector, to own Techshops here in Africa. It will unleash a season of creativity and innovation in Africa. This is a pure case of democratization of technology and knowledge.

On his part, Mr Folusho Philips, chairman of the occasion said, said the African market must be unlocked to enable individuals and countries harness the potentials the market posses.

He said that Nigeria and African IT experts must be focused on developing models that will enable the continuity in achieving digital singularities.

He added that the industry needs to develop platforms for keen enthusiasts of IT unleash development in all sectors of the economy.

He added that the Conference portends something very positive for the IT industry in the country, for IT diffusion both in private and public sector organisations and for eGovernance.

The event tagged, “Towards Digital Singularity in Africa,” is expected to raise though provoking topics to address quantum of developmental challenges facing Africa, that lags behind other continents of the world in technology acquisition.

Other continents, especially the Americas, Europe and Asia seem to be on steroids in acquiring and adopting new technologies.

However, in Africa, there is no sense of urgency in this regard at all.

The experts re-emphasized that Information and Communication Technology (ICT) is changing the world; transforming governance, agriculture, health, oil and gas, and financial services, among other sectors, by driving effective and efficient performance largely for the benefit of the governed, consumers and corporations.

Picture: a cross section of delegates to the Digital Africa Conference and Exhibition which commenced in Lagos yesterday.

 

 
 


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E-Business

GenAI Adoption Among African workers Outpace Global Peers

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Africa’s workforce is embracing artificial intelligence (AI) at a faster pace than global peers, but pressure is mounting for organisations to ramp up digital skills development as generative AI (GenAI) begins reshaping roles across industries.

This is according to PwC’s Global Workforce Hopes and Fears Survey 2025, which shows a continent ready for AI-enabled transformation, but facing a narrowing window to prepare, through skills development initiatives.

The survey, covering nearly 50 000 workers worldwide and 1 753 across South Africa, Algeria, Kenya, Morocco and Nigeria, finds that African employees are already integrating AI into daily operations.

Sixty-four percent of respondents in Africa used AI tools in the past year, compared to 54% globally, and the sentiment is overwhelmingly positive. While only 17% report using GenAI every day, confidence in its benefits is high: 76% believe GenAI improves work quality, and 72% expect AI-driven productivity gains within three years.

In SA, executives are even more bullish, as 91% say AI has already lifted both productivity and work quality — a signal that leadership is pushing harder toward AI-enabled ways of working, notes the survey.

However, this optimism is coupled with rising concern about future readiness. Only 35% of African workers believe their skills will still be relevant three years from now. With GenAI expected to affect nearly half of all job roles, PwC warns that the continent’s workforce risks falling behind unless organisations accelerate large-scale reskilling.

Despite the pressures, employees are not standing still. PwC notes that African workers outperform their global peers in proactive learning, recording 15% higher participation in skills-building and receiving 6% more support from managers. This indicates that both workers and immediate supervisors recognise the pace of AI adoption and are pushing to adapt.

PwC Africa people and organisation leader, Dr Dayalan Govender, says the moment calls for decisive leadership. Organisations, he argues, must integrate AI into workforce strategies, accelerate digital adoption, and expand upskilling programmes at scale.

“Africa’s workforce is optimistic and ready for change, but leaders must accelerate digital adoption and invest in future-ready skills to convert this optimism into sustainable growth,” he says.

Beyond the technology shift, the survey captures a workforce hungry for growth but constrained by financial pressure. Many employees are preparing to make career moves: 45% plan to request a raise, and another 45% aim for a promotion in the next year. Yet household financial stability remains strained, with only a third of respondents reporting any money left over for savings.

Still, Africa’s workplaces continue to show strong foundations of trust and purpose — elements PwC believes will be critical in navigating GenAI disruption. More than 55% of workers trust management, and two-thirds say their work feels meaningful, both above global averages.

With AI adoption rising and employees motivated to reinvent their careers, PwC warns that the coming years will determine whether Africa’s early optimism translates into long-term competitiveness as GenAI transforms the world of work.

The report calls for embedding AI into workforce strategies to bridge the gap between optimism and practical adoption, scaling upskilling initiatives to prepare for GenAI disruption, and fostering trust and psychological safety to retain talent and drive innovation.

“For employers, these findings are a stark reminder that they can and should do more to help workers understand, adopt, and embrace AI’s transformative power.

“Employers may need to pay special attention to entry-level workers, nearly a third of whom say they’re worried to a large or very large extent about AI’s impact on their future, even as they’re also curious (47%) and optimistic (38%) about its long-term societal effects,” notes the report.


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Nigeria Records Highest Weekly Cyberattacks in Africa — Report

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Nigerian organisations are facing the highest volume of weekly cyberattacks in Africa, according to the newly released African Perspectives on Cyber Security Report 2025 by Check Point Software Technologies Ltd., a global leader in cybersecurity solutions.

Nigeria Records Highest Weekly Cyberattacks in Africa — Report

The report revealed that Nigerian firms experience an average of 4,200 attacks per week, significantly higher than the continental average of 3,153 and 60 per cent above the global average of 1,963 attacks per organisation.

The findings highlight a sharp rise in attacks across Africa, driven largely by artificial intelligence-enabled threats.

Kingsley Oseghale, country manager for West Africa at Check Point, said attackers are increasingly using AI to automate phishing, impersonation, and cloud exploitation.

“AI has become part of the attack surface,” Oseghale said. “Attackers are using it to automate phishing and identity theft at scale. The only effective response is prevention-first security that combines visibility, governance, and AI protection.”

The report noted that cybercriminals are exploiting exposed identities and misconfigured systems to target critical sectors, including finance, energy, telecoms, and government.

Identity-led intrusions, AI-generated phishing campaigns, and multi-vector ransomware are on the rise.

Across the continent, Check Point identified key trends in different markets. Nigeria is experiencing business email compromise and cloud exploitation; South Africa faces rising ransomware, smishing, and botnet infections such as Vo1d and XorDDoS; Kenya has seen ransomware targeting critical energy infrastructure; and Morocco has experienced coordinated government and education-sector disruptions via DDoS and website defacement attacks.

The report highlights five major shifts shaping Africa’s cyber risk in 2025.

Traditional ransomware has evolved into data-leak extortion, AI-generated deception is widespread, and identity has emerged as the new security perimeter.

Weak cybersecurity, the report warned, can now affect international market access under regulations such as the EU’s NIS2 Directive, making digital resilience an economic necessity.

The study urged African businesses and governments to adopt prevention-first security strategies, including continuous risk assessment, regulatory readiness, and public-private collaboration.

Oseghale emphasised that, as AI reshapes operations, cybersecurity must shift from reaction to prediction.

“The real challenge is not adopting new technology but securing the trust that underpins it,” he said.


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Jumia’s Data Shows Nigerians Turning to Digital Retail to Navigate Inflation Pressures

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As Black Friday 2025 unfolds across Nigeria, new insights from Jumia’s Q3 2025 financial results reveal that more Nigerians are relying on digital retail to navigate inflation and rising living costs.

The data points to a more deliberate, value-driven shopper, one using online platforms to stretch budgets, compare options quickly, and extract more value from each purchase.

Jumia reported a 30 percent year-on-year increase in physical goods orders, while Gross Merchandise Value for physical goods rose by 43 percent.

This stronger GMV growth highlights a clear behavioural shift: consumers are assembling higher-value baskets by combining essentials with premium or long-term household items. Online retail is serving as a tool for strategic planning, not just convenience.

According to Temidayo Ojo, Chief Executive Officer of Jumia Nigeria, Black Friday now plays a more critical economic role. “Households are using digital retail to defend purchasing power. They plan their lists, compare prices instantly, and rely on the reliability and convenience that e-commerce offers,” he said.

This year’s Black Friday trends show growing demand in categories that directly support daily living. Household essentials and FMCG products are seeing significant uptake as families stock up during price drops. Home and kitchen equipment is also experiencing stronger demand as shoppers prioritise practical, durable tools. Affordable fashion and beauty products are gaining momentum as discounts make them more accessible.

Consumer behaviour in the lead-up to the sales period further reinforces this shift. Jumia recorded a notable increase in “Add to Wishlist” and “Add to Cart” activity, signalling more planning and fewer impulse purchases. The gap between GMV and order growth indicates that customers are optimising baskets using bundles, vouchers, and promo combinations, behaviours uniquely suited to digital platforms.

With inflation intensifying the need for smarter buying, trust markers on Jumia, such as verified sellers, official brand stores, ratings, and clear return policies, are becoming more central to decision-making. Authenticity and durability now outweigh the appeal of the lowest price.

Jumia’s logistics footprint is making these benefits available nationwide. Its 30,000 sqm Isolo fulfilment centre, 480 pickup stations, and 62 logistics partners ensure that customers in secondary and peri-urban cities enjoy the same deals as those in major hubs, reducing travel burdens and adding financial value.

Overall, Jumia’s Q3 data and Black Friday trends show that Nigerians are turning to digital retail as a practical, strategic response to inflation, using e-commerce to manage budgets, preserve purchasing power, and make more informed buying decisions.


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