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Prof. Obadare Underscores Critical Role of Cybersecurity in Nigeria’s AI-Driven Digital Growth

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Prof. Obadare Peter Adewale, founder and CVO of Digital Encode, represented by Oluwakayode O. Olatunji, CISO and Group Head of InfoSec & GRC Advisory, emphasized the need for Nigeria to understand the threat landscape and the critical role of cybersecurity in protecting against these threats.

Nigeria CommunicationsWeek reports that the emphasis made by Prof. Obadare is essential for driving sub-sectoral digital growth through Artificial Intelligence (AI).

In his presentation at the one-day ICT Growth Conference organized by the Nigeria Information Technology Reporters’ Association (NITRA) at the Citi Height Hotel, Lagos, he noted that many African countries lag behind in cybersecurity.

Read Also: Oluyemi Obadare Accepted into Forbes Business Council

Even in Nigeria, the financial sector has been at the forefront of leveraging AI and cybersecurity, contributing about 25%-30% of AI involvement based on local statistics.

He highlighted the potential of AI across various sectors, including finance, health, energy, transportation, defense, medical, and agriculture.

He underscored AI’s ability to predict productivity and its diverse benefits but quickly cautioned against the dangers of AI misuse, stemming from issues such as bias and fairness, inadequate transparency, security vulnerabilities, data privacy concerns, and ethical and moral dilemmas.

The cybersecurity expert discussed the use of AI in threat landscape profiling, crime detection and prevention, and reporting capabilities.

He stressed the importance of responsible AI usage and the need for continued investment in AI and cybersecurity.

Identifying AI Governance, Architecture, Implementation, Operations, and Monitoring (GAIOM) as key elements for effective cybersecurity strategies in responsible AI development, he emphasized the importance of AI architecture, including business and data architecture, technology-infrastructure architecture and the necessity of a security architecture which includes cybersecurity and data privacy protection respectively.

Data protection and privacy are crucial components of AI implementation. The process of implementing AI, from setting goals to security monitoring, is vital.

The role of education and investment in education for driving AI adoption and economic growth cannot be overemphasized.

To fully realize the impact of AI on national development, he advocated for explicitly defined governance objectives, an AI ethical framework, an interdisciplinary approach, robust local content data management, all-inclusive regulatory compliance, tailored best practice risk assessment and mitigation, transparency and explainability, sustained human capacity development, and robust processes to address AI implementation challenges.

He also argued that monitoring AI usage and ensuring its alignment with set goals during the implementation process is critical.

In addition, he called for increased public sector and government investment in education to drive AI adoption and economic growth, noting that the role of education in providing the necessary skills and knowledge for AI implementation cannot be ignored.

He introduced the concept of “knowledge banking,” where knowledge can be monetized to address various economic sectors.

He pointed out that in countries using AI to drive their economies, education is a fundamental prerequisite, and positively disruptive education leads to the needed transformation by developing tailored skill sets.

“When we examine this, it becomes evident that many challenges we face in this part of the world will become easier to address.

“As a country, we have the potential to be a leading light in the knowledge economy because Nigeria is blessed with brilliant men and women,” he said.

Prof. Obadare, who was recently appointed a Professor of Practice by MIVA Open University, Abuja, also proposed a disruption of the educational sector to improve data quality.

He emphasized that relying too heavily on outsourced data libraries can lead to AI biases and stressed the importance of maintaining excellent data quality as a local content treasure.

“To address this, we need to disrupt the educational sector, particularly from primary to tertiary institutions, to focus more on institutional or research-based education.

“For example, during the COVID-19 pandemic, much of the global data was sourced from Johns Hopkins Hospital research center, indicating the importance of local research centers.

“We should encourage partnerships with the private and public sectors to create local content hubs, which would attract global tech companies like Meta and Google to invest in our ingenuity.

“Our tertiary education sector should be research-oriented and local content-focused to improve data quality and upskill the workforce, adapting to the challenge of training AI rather than traditional skills,” he concluded.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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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African Startups Raised $345m in Funding in May

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African startups raised more than $345 million across 65 deals in May, more than double the amount raised in the same period of last year, according to a report by Briter, a research and business intelligence firm.

The report disclosed that both the number of deals and participating companies declined, confirming a growing trend of fewer companies raising funds in larger sizes.

It said fintech attracted the highest share of funding in May, accounting for 34 percent of the total, while cleantech followed closely, driven by a debt deal from Sun King. The company raised $80 million (in local currency) to expand clean energy access in Nigeria.

“Equity remains the primary instrument in terms of total value. There’s no doubt about it; in fact, equity deals with disclosed amounts captured more than half of the total funding volume in May.

“However, debt financing is increasingly proving its weight. Although it accounted for only 8 percent of all deals, it represented 32 percent of the total funding, highlighting the typically larger size of debt transactions. With the rise of specialised vehicles targeting early-stage businesses, debt is becoming an increasingly important part of Africa’s innovation funding landscape,” it said.

Briter’s report added that grants continued to play a vital role in early-stage support, especially in the education technology (EdTech) sector. The Mastercard Foundation led the pack in grant activity, funding a new cohort of EdTech innovators in Nigeria and Kenya. Each selected startup is set to receive $100,000 in grant funding, in addition to mentorship and business development support.

Multilaterals also made a strong showing in May, it said. The Multilateral Investment Guarantee Agency (MIGA), a World Bank Group member, issued a $179.6 million guarantee to CleanTech firm KOKO Networks. The support will help scale its clean energy solutions across Kenya.

“This deal not only demonstrates growing international confidence in African climate ventures but also signals a promising pathway for other asset-intensive startups in clean cooking, agriculture, and renewable energy,” the report said.

From a geographic perspective, Egypt emerged as the continent’s fundraising powerhouse for the month, contributing 51 percent of all funding raised. The country recorded 12 deals across equity, debt, and bond instruments. Notably, FinTech platform MNT-Halan raised $50 million through a bond issuance, further illustrating the diversification of capital-raising mechanisms in the region.

Outside Egypt, funding was distributed across Africa’s three other key markets, which are Egypt, Nigeria, and Kenya, with limited activity recorded in countries such as Ghana, Tunisia, Morocco, and Uganda, each registering between one and three deals.

In terms of exits, the African tech landscape continues to mature. Three companies—Baobab+, Qardy, and Shopa—were acquired in May, bringing the total number of exits this year to 22. This already surpasses last year’s count for the same period. Qardy was acquired by Catalyst Partners Middle East (CPME) in a disclosed deal valued at $23 million, the report added.

 


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