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E-Business

NIMC, CBN at Loggerheads over BVN Scheme

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Chris Onyemenam, DG/CEO at National Identity Management Commission
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Central Bank of Nigeria (CBN) and National Identity Management Commission (NIMC) last week failed to agree on who should have full control over the Biometric Bank Verification Number (BVN) scheme, which gives each bank customer a unique identity across the Nigerian Banking industry that can be used for easy identification and verification at point of banking operations.

CBN had earlier in the year commenced the BVN as answer to calls by the Bankers’ Committee. The apex bank went ahead to budget $55 million, approximately N8.579 billion for the project expected to last for 18 months.

NIMC, however, by its establishing Act 2007 is empowered to, “Create, manage, maintain and operate the National Identity Database established under section 14…including the harmonisation and integration of existing identification databases in Government agencies and integrating them into the National Identity Database,” however, CBN and the bankers committee are not ready to discontinue the BVN scheme.

CBN and NIMC at different fora in Lagos last week, expressed the bragging right over the biometric registration.

Barrister Chris Onyemenam, director general of NIMC said that any biometric registration, especially, after the Presidential directive on harmonization of existing database by different Ministries, Departments and Agencies (MDAs), should be regarded as null and void.

At the media parley in Lagos, Onyemenam, “by implication any other biometric capturing that involves Nigerians, outside what NIMC project should be regarded as null and void. We have explained this at different fora. NIMC Act 2007 is coherent on this; it is an issue that ought not generate problem, let’s do the right thing and stop duplication of biometric data”

Elsewhere, Mr. Kofo Abdusalam-Alada, head, International and Development Law at CBN speaking at 5th Annual e-fraud in Lagos said that “BVN will not go the way of other attempts. CBN will need to put up a fight in certain direction. I’m not going to mention that direction, but BVN has to succeed. I used to get emails from my banks for the registration. BVN will help to solve many challenges such as one with 24 accounts; we will track all of them down”

Nodding in agreement, Bukola Smith, chairperson, Payment Sub-Committee, Committee of Chief Internal Auditors of Banks, said “Initially, we all know there is an agency for national identity management, which has taken up the project of having biometric registration for Nigerians. That has gone on for a long run; a lot of money has been spent. At some point in time, the banks got frustrated and I understand that at one of the bankers Committee meetings, heads of banks started asking, ‘when are we going to complete this project?

“We are talking about fraud issues, a number of things-standardization, we need to progress this project’. So, my understanding is that it was the Bankers Committee been spearheaded by managing directors of various banks that said, ‘look, we need to start this project’. Then, they put down money and said, CBN, you need to also come on board. They appointed a number of people that will work. NIBSS was appointed and another consultant, for this project. I don’t know what Kofo is trying to get at, but all the same, it is not as that CBN initiated it; CBN appears to be driving it now because they are the center coordinating body.

CBN and the NIMC had for several months on the appropriate supporting policy on the national identification number, the ‘NIN’ as a minimum know-your-customer (KYC) instrument, but the policy was withdrawn by CBN barely three weeks after it was released in 2012 and the apex bank gave no reasons.

Although the CBN later agreed to share its database from the BVN with NIMC, there are fears that this will also take some time to harmonise.


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E-Business

Amazon CEO Says AI will Reduce Number of Workers Needed

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Amazon’s management on Wednesday said that it expects that artificial intelligence software will reduce the number of office workers at the world’s largest online retailer.

Amazon CEO Says AI will Reduce Number of Workers Needed

Andy Jassy, chief executive, Amazon

“We will need fewer people doing some of the jobs that are being done today and more people doing other types of jobs,” Andy Jassy, chief executive, Amazon  wrote in an email to employees.

He said it was difficult to predict how the overall workforce will evolve, but in the next few years, it is expected that AI efficiency gains will lead to a reduction in the number of office workers.

According to earlier reports, Amazon employed around 1.5 million people worldwide, with approximately 350,000 office employees in various roles.

The Wall Street Journal reported that the company does not anticipate further large-scale layoffs, as seen in 2022 and 2023, in the near future.

Instead, it expects that vacant positions will not be refilled.

However, layoffs are not ruled out, according to sources familiar with the matter.

“Amazon is focusing on so-called AI agents, software capable of independently performing tasks. These agents could, for example, summarise information from the web and data sources, write software, translate languages and automate many time-consuming tasks,” Mr Jassy explained.

“Agents will be teammates that we can call on at various stages of our work,” he added, urging employees to experiment with AI whenever possible.

The impact of AI on the job market has been a concern for many years.

Recently, Spotify, the leader in music streaming, announced that teams requesting additional staff would first need to prove that AI could not perform the tasks.

The creators of the language-learning app Duolingo plan to gradually replace external workers with AI.

 

 

 

 


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E-Business

BPP Partners NDPC to Strengthen Data Protection

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Dr Adebowale Adedokun, director-general, Bureau of Public Procurement (BPP), has reaffirmed the bureau’s commitment to data protection in Nigeria.

BPP Partners NDPC to Strengthen Data Protection

He disclosed this in a statement at the weekend by Zira Nagga, head of Public Relations, BPP, following a courtesy visit by a delegation from the National Data Protection Commission (NDPC).

Adedokun stressed that data protection is vital to Nigeria’s economy and development, particularly in areas such as demography, health, education, and other key sectors.

He emphasised that no country should leave its data unprotected, as it plays a crucial role in future planning and national development.

“Data governs the world. It is essential to technological progress and must be protected for a country or business to be taken seriously,” he said.

Adedokun described the visit, aimed at fostering partnership on data policy implementation and protection, as timely and aligned with national goals.

He said the BPP would collaborate closely with the NDPC to boost data development, capacity building, and enhance the procurement system.

“The BPP will support compliance as part of the ‘Nigeria First’ Policy, although it is not a core procurement eligibility requirement,” he explained.

He suggested a hybrid training model to help build strong capacity in data protection, privacy awareness, and policy understanding.

According to him, a dynamic training approach will reduce logistics costs and improve public confidence in data safety and privacy.

Dr Vincent Olatunji, CEO, and national commissioner, NDPC, praised Adedokun and the BPP for supporting data protection initiatives.

He said the partnership supports President Bola Tinubu’s vision and will strengthen data privacy across Ministries, Departments, and Agencies (MDAs).

“The collaboration will create awareness and train BPP staff to ensure a firm grasp of data protection principles and policies,” he stated.

Olatunji said the NDPC would establish a working group to finalise a Memorandum of Understanding beneficial to both institutions.

He added that President Tinubu signed the NDPC into law on 12 June 2023 to uphold citizens’ rights and protect national and business data.

Olatunji also noted that strict legal measures were in place to enforce data protection and ensure full compliance nationwide.

Both agencies agreed to form a team to sign the MoU and focus on capacity building and data management in procurement and beyond.

 

 


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FG Mulls Fibre Optic Layout to Bridge Internet Gaps

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President Bola Tinubu said that his administration has initiated a project to install fibre optic cables across the country, aimed at enhancing the socio-economic development of Nigeria.

FG Mulls Fibre Optic Layout to Bridge Internet Gaps

His plans were contained in a speech he delivered at a joint session of the National Assembly in commemoration of Democracy Day on Thursday, June 12.

He said the fibre optic layout is part of other projects being embarked on.

“In addition, we have embarked on an ambitious project to lay fibre optic cables across the nation, a transformative step toward bridging the digital divide and fostering greater connectivity.

“This initiative promises not only to enhance the speed and reliability of internet access but also to revolutionise how businesses operate, how students learn, and how communities stay connected,” Tinubu stated.

He maintained that by extending this critical infrastructure, his government is empowering entrepreneurs, enabling digital education, and providing the tools for our youth to compete in a globalised world.

In a most recent report on Internet connectivity, The ICIR pointed out how Nigeria has faced setbacks in its deployment of fibre optic cables and needs a transformation.

The challenges revolve around vandalism, inadequate coordination between road construction and telecom infrastructure, and varying right-of-way (RoW) charges across states.

Among industry experts, these issues impact network outages, increase repair costs, and hinder broadband expansion efforts.

It has also further threatened the digital economy, leading to slower Internet speeds, dropped calls, and unreliable connectivity among others.


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