Telecom
Osinbajo tasks public, private sectors to boost economy through technology
Vice President Yemi Osinbajo, on Friday said that both public and private sectors has a big role to play in using technology to boost the economy of the country.
Osinbajo made this known during a conference organised by Perchstone and Graeys, Knowledge and Resources Ltd. in Lagos.
The theme of the conference was: “Technology as a Catalyst: Ease of Doing Business 2018’’.
“The greater responsibility of using technology to boost the economy obviously lies in the hands of the public sector.
“The key to this greater new world is collaboration and this is the rationale for the establishment of the Presidential Enabling Business Environment Council (PEBEC).
“PEBEC is a forum where private and public sectors can collaborate with the objective of removing delays and restrictions that come with doing business in Nigeria,’’ the vice president said.
Osinbajo said that the country would be made a place where an entrepreneur could start, sustain and grow a business.
He said that the PEBEC had also formulated and introduced initiatives relying on technology to reduce the time taken to obtain approvals, pre-investment registration and effective internal and external trade processes.
The vice president noted that PEBEC was not the only mechanism adopted, saying that government had been able to reposition Nigeria as an important player in the world.
“Our agencies, ministries and departments and even some state governments have been able to reduce operational cost, corruption, revitalisation of investments in numerous sectors of the economy, using technology.
“The Federal Inland Revenue Service (FIRS) for instance, successfully gained access to automate the majority of the services and processes, which resulted into reducing the stress involved in recovering and filing corporate taxes from 14 days to 72 hours.
“The National Food and Drug Administration and Control (NAFDAC) has just recently been able to clear a backlog of over 5,000 outstanding NAFDAC applications using technology solutions.
“This is critical, especially for small and medium scale businesses, which held for so long without being registered.
“Also the energy sector through the introduction of electronic application, approval of new connection of power have been made easy and time spent on connections have reduced by 147 per cent,’’ Osinbajo said .
The vice president said that through the implementation of modern web-enabled national collateral register, the Central Bank of Nigeria (CBN) aggregated over 530 financial institutions with over 30,000 finances and statements valued at almost N630 billion.
“I am also sure that some of you have also heard about the operations of the biggest ongoing government technology programme – the digital identification of all citizens and legal residents on a harmonised platform.
“Very soon, Nigeria will have the largest digital base in Africa and that will be second only to the India identification system, ‘’ he said.
SHELT, a leading cybersecurity-as-a-service provider, has earned inclusion in the 2025 MSSP 250, the annual ranking of the world’s top 250 Managed Security Service Providers (MSSPs) by MSSP Alert, a CyberRisk Alliance publication.
SHELT
The list evaluates firms on business performance, service breadth, and industry impact, spotlighting those excelling in growth, operational excellence, and advanced managed security amid rising cyber threats. Selection criteria include annual recurring revenue, profitability, workforce expansion, business growth, and the depth of managed security offerings.
SHELT’s recognition underscores its investments in scalable security operations, threat intelligence, and tailored managed services across multiple regions, enabling clients to navigate complex risk landscapes effectively.
“Being recognised in the MSSP 250 is a meaningful milestone for our team,” stated Youssef Abillama, CEO of SHELT. “It validates our focus on building practical, resilient security services that help organisations manage risk and respond effectively to today’s evolving cyber threats.”
The company hailed the honour as testament to its teams’ dedication and expertise worldwide, reaffirming commitment to enhancing capabilities and delivering trusted cybersecurity solutions.
Meta Platforms, owner of Facebook, has appointed Dina Powell McCormick, a former adviser to President Donald Trump, as its new president and vice chairman, bolstering its leadership amid aggressive AI and infrastructure expansion.
Dina Powell McCormick
The announcement, made on Monday, positions Powell McCormick – who recently stepped down from Meta’s board after eight months – to guide overall strategy, including multi-billion-dollar investments in data centres and global partnerships.
A Goldman Sachs veteran with 16 years in senior roles and prior stints as deputy national security adviser under Trump and in the Bush administration, she brings deep finance and international ties to the role.
Meta CEO Mark Zuckerberg hailed her as “uniquely qualified” for the company’s next growth phase, while President Trump praised the move on Truth Social as a “fantastic choice”.
The hire signals Meta’s efforts to strengthen White House relations, following recent dinners with Trump and U.S. investment pledges worth hundreds of billions
X, the social media platform formerly known as Twitter, has suspended the @Twitter account, replacing its profile with a standard notice citing violation of platform rules.
Musk
The action, which occurred on Sunday, January 11, left users encountering the handle greeted by a bold “Account Suspended” message on a black screen, with no details provided on the specific rules broken or the duration of the suspension.
The development has sparked widespread confusion and nostalgia among users, given that Elon Musk rebranded Twitter to X in July 2023, approximately six months after acquiring the platform for $44 billion in late 2022.
The @Twitter handle had remained dormant since before Musk’s takeover, serving as a legacy remnant of the platform’s original branding, and its suspension appears to mark the final erasure of the Twitter name amid X’s ongoing efforts to combat spam, impersonation, and rule violations.
X’s official statement on the suspended page simply reads: “X suspends accounts that violate our rules,” without offering an appeal process or further explanation, unlike standard user suspensions.
Public reactions on social media ranged from humorous laments of “RIP Twitter” to speculation that the move resulted from automated moderation or a deliberate cleanup of legacy trademarks.
xAI’s Grok AI described it as a purposeful retirement of outdated elements rather than a genuine infraction, while neither Elon Musk nor X spokespeople issued any comment as of Monday morning.
This incident underscores the evolving identity of the platform under Musk’s ownership, which also saw a domain shift to x.com in 2024, further distancing it from its Twitter roots.
Industry observers note that while the suspension aligns with X’s stricter enforcement policies, the lack of transparency has fueled debates on consistency in applying rules to high-profile legacy accounts.
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