E-Business
Oyo Begins First Phase of eGovernment

Governor Seyi Makinde of Oyo State, has inaugurated 1,108 computer systems meant to facilitate the first phase of the model, as part of his administration’s commitment towards the actualisation of e-governance model in the state.

The governor, who commissioned the systems inside the Department of Information Communication Technology office of the Governor’s office, Agodi, Ibadan, stated that the measure would fast-track the processes and activities of government through ICT.
The governor told members of his cabinet and ICT experts at the event that the computer systems will be distributed to Ministries, Departments and Agencies, adding that fibre-optic cables are already laid around the Secretariat, to ensure internet access and linkage by the Ministries and Agencies.
He noted that the tools needed to ensure the proper take-off of e-governance model in the state is being put in place.
A statement by Mr. Taiwo Adisa, chief press secretary to the governor, indicated that the state was kickstarting the first phase of e-governance in line with the global trends.
The statement further quoted the governor as saying that by the end of his tenure, e-governance would have taken firm roots in the state.
He added that the era in which the government gets bogged down with physical files and papers should be a thing of the past in the state.
He said: “It has been really challenging in dealing with physical files. They bring files in Ghana-Must-Go bags for me to sign almost on a weekly basis. And we don’t think that in this day and age, that is what we should be doing and that is why we are starting with the first phase of e-governance in Oyo State.
“It is not just the computers you have; you have the fibre-optic being laid. All the tools that you need in there, word processing and collaboration tools are there. So, this first phase is being flagged off now and we do hope that before the end of this administration’s tenure, e-governance should have taken roots in Oyo State.
“Even, if we are not using it to approve things that have to do with money, approvals in principle can be done here (electronically), and when you get to the point where you want to give approval for things that have to do with spending the state’s money, then they bring the physical files. That will definitely reduce our turnaround time and also the heat of conducting government business.”
Earlier, Mr. ‘Bayo Akande, special assistant to the governor on Information Communication Technology, said that the 1,108 Computer systems procured will be distributed to all the MDAs across the Secretariat based on their needs.
“We procured 1,108 computer systems that will be distributed across all the various MDAs. Before we procured, we carried out a survey to ask the various ministries what they actually need. So, based on their needs, we then came up with the figure.”
Speaking on the importance of the e-governance initiative, Akande said it will afford the state the opportunity to move from paper governance to e-governance.
“What to expect is e-governance. The next process is to get rid of paper files. So, this is the first phase of that. Next, we will look at how we can fully digitise the paper and approval process of all government activities.
“As the governor said previously, it is not only the computers alone but the infrastructure surrounding the computers, such as the laying of the fibre-optic cable that will link all ministries together so that they can always be in contact and talk to one another with or without internet.
“The productivity tools for all government workers to have their official email address to have access to the right word-processing tools and collaboration tools are also being attended to,” Akande added.
Some of those in attendance during the inspection by the governor include the Secretary to the State Government, Mrs. Olubamiwo Adeosun; Director General of Due Process Office, Ms.Tara Adefope and the Chairman of Oyo State Advisory Council, Senator Hosea Agboola.
Others are Commissioner for Information, Culture and Tourism, Dr.Wasiu Olatunbosun, his counterpart in the Establishment and Training Ministry, Alhaji Ayansiju Lawal among others.
E-Business
NDPC Warns of Offshore Data Risks as 90 Percent of Country’s Data is Hosted Abroad

Nigeria Data Protection Commission (NDPC) has raised concerns over data sovereignty, national security as well as loss of economic value, as over 90 per cent of Nigeria’s data is hosted abroad.

Pic credit…247digitize.com
Vincent Olatunji, national commissioner/CEO, NDPC, stressed the importance of safeguarding Nigeria’s digital economy through strong data protection and privacy frameworks.
He spoke while while delivering a keynote address at the IoT West Africa Conference, where he stated that the trend poses significant risks to Nigeria’s control over its digital assets.
He further described the situation as precarious for the nation’s sovereignty, and called for urgent investment in local data infrastructure.
Olatunji, highlighted data sovereignty, the growing role of data centres, and regulatory expectations under the Nigeria Data Protection Act, 2023, noting both the benefits of compliance and the risks of non-compliance. Olatunji underscored that data centres are now critical infrastructure for Nigeria’s digital transformation.
While decrying that over 90 percent of the Nigeria’s data is hosted abroad which is precarious for the nation’s sovereignty he encouraged for more investment in the sector as it is projected to reach $1.9 billion by 2031.
Also speaking, Kashifu Inuwa, the director-general of the National Information Technology Development Agency (NITDA), said policy is emerging as the key driver of Nigeria’s digital transformation, particularly in shaping the development of the Lagos-Abuja digital corridor.
“While infrastructure responds to demand, policy creates the enabling environment for sustainable growth,”
Inuwa who was represented by Aristotle Onumo, director, stakeholders management and partnership at the IoT West Africa Conference in Lagos, on the theme “The Lagos-Abuja Digital Corridor: Building Africa’s Next Data Centre and Cloud Hub.”
Inuwa emphasised that while infrastructure responds to demand, policy remains the critical driver that creates an enabling environment for sustainable digital growth.
He explained that Nigeria’s broadband policy, which stipulates minimum speeds of 10 Mbps for rural areas and 25 Mbps for urban centres, provides a strategic framework for prioritising infrastructure deployment along the Lagos-Abuja digital corridor.
He cautioned, however, that without deliberate collaboration and partnership between government, the private sector, and civil society, widespread infrastructure rollout would remain challenging. “Collaboration is the pathway that massifies impact, while partnership harnesses collective intelligence. No one can achieve this in isolation,” he said.
Inuwa also spoke on the Nigerian Sovereign Cloud Project; a flagship initiative aimed at strengthening indigenous cloud service providers and preventing the dominance of Nigeria’s digital infrastructure by foreign hyperscale operators.
By scaling local infrastructure to meet global standards, the project seeks to domesticate data hosting, reduce operational costs, and improve access to cloud services across the country.
E-Business
Opay Plans IPO in US, Targets $4Bn in Valuation

Opay, a financial technology (fintech) firm, is working with Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase & Co. for an initial public offering (IPO).

According to a report by Bloomberg on Friday, sources said the platform, backed by SoftBank Group Corp., is considering a listing in the United States and is targeting a valuation of about $4 billion.
They added that the company could proceed with the share sale later this year, although the timing and size of the offering are yet to be finalised.
Opay is one of Africa’s fastest-growing fintech firms, offering mobile payments, transfers, and other financial services across Nigeria.
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The fintech company, Citi, Deutsche Bank, and JPMorgan have not publicly commented on the IPO plans.
Like Opay, Flutterwave, a major fintech company in Africa is planning an IPO.
E-Business
How Nigerians Search is Changing — and Why it Matters for Our Businesses

By Olumide Balogun
There was a time when using a search engine felt like cracking a code. You typed two or three carefully chosen keywords, hoped the machine understood, and waited to see what came back. People had to learn the language of machines, shrinking complex needs into stilted phrases.

Olumide Balogun, Director, West and East Africa at Google.
That era is ending. Today, a person can ask a question the same way they would ask a colleague, and the technology is finally learning to respond in kind. Nowhere is this shift more visible than in Nigeria, where a young, mobile-first population expects tools to keep pace with how they actually think and speak.
This change carries weight far beyond convenience. It is reshaping how Nigerian businesses reach customers and how customers find what they need.
For years, marketing online meant wrestling with rigid keyword lists. A small business owner had to guess every possible phrase a customer might type. If you sold ankara dresses, you tried “ankara dress,” “Nigerian print fabric,” “traditional wear Lagos,” and a dozen variations, hoping you covered the gaps. Anything you missed was a missed customer
The new wave of conversational search makes those lists feel ancient. People now ask layered, specific questions: “Where can I find a sustainable tailor in Yaba who makes office wear?” Older systems would have stumbled on a query like that. Newer ones, powered by artificial intelligence, can read intent and stitch ideas together. They connect a question to a relevant local website that a basic keyword search might never have surfaced.
The shift is starting to show up in concrete tools. Google’s AI Max for Search ads, now a year old, is one of the more visible examples. In plain terms, it lets a business describe what it sells and who it serves in everyday language, and the system figures out which searches to match it to, instead of forcing the owner to write hundreds of keywords by hand. Early adopters report stronger revenue growth than peers, and users say results feel more useful because the technology connects ideas for them, often surfacing local sites that would not have appeared before.
There is a quieter benefit too. When advertising becomes more relevant, it stops feeling like an interruption. An ad that answers a real question is no longer noise; it is information. That changes the texture of the internet. The marketplace gets less cluttered, and people spend less time wading through results that do not fit what they were looking for.
None of this is automatic. The technology only works if it can understand human nuance, and human nuance in Nigeria is not the same as human nuance in California. A search for “owambe outfit” or “small chops for fifty people” demands cultural context, not just linguistic translation. Newer features try to bridge that gap. AI Brief, a part of the same Google toolkit, lets a business owner type plain instructions, like “focus on sustainable traditional wear, keep a premium tone,” and the system follows them. This is steering by intent, not by keyword bingo.
There are gains for businesses with deep catalogues too. A retailer with thousands of items no longer has to match every question to the right page by hand. Tools such as Google’s Final URL Expansion read the search and send the customer straight to the page that fits, in real time. In travel, finance, and healthcare, where compliance matters, the same systems can carry mandatory legal text into every ad automatically. Regulated industries can grow without cutting corners.
These are not abstract wins. They are the difference between a small business being found by a customer in Abuja at 9 p.m. and being lost in a sea of generic results, between a hospital reaching the right patient and a tailor in Surulere being discovered by a bride planning her wedding.
We should not pretend the transition is finished. AI is imperfect. It can misread context, amplify mistakes, and require careful oversight. Regulators, businesses, and users all have a role in shaping how it develops in our market. The broader direction, however, is clear, and it is one Nigeria should engage with rather than resist.
Nigeria is a nation of storytellers and traders. Our markets, physical and digital, have always been about conversation. The technology of search is finally beginning to mirror that. It is becoming less of a vending machine and more of a market stall, where you can ask a question, get a real answer, and discover something you did not know you needed.
That is the bigger story behind any single product launch. It is about how a country full of voices is finding new ways to be heard. For Nigerian businesses willing to adapt, the opportunity has never been clearer.
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