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Socio-Economic Implications of School Children Abduction

About two years ago, over 200 Nigerian school girls were abducted by the miscreant group known as Boko Haram and their whereabouts have remained unknown despite widespread protests, opinions and government efforts which also attracted help from the international community.
After that, there have been so many instances of kidnapping and abduction while government efforts have also been truncated by some misfits within the government itself. This paints a picture of a government or nation that is divided against itself.
There is no gain saying that there have been many other cases of abduction and kidnapping but somehow or for some reasons the victims of these abductions have been liberated and reunited with their families except for those abducted from the very grounds of their academic institutions.
For me, this is a pointer to the priority placed on education by our government. Aside Nigeria, I am not sure of any other nation with legally constituted government where over 200 school children (either boys or girls) could be missing for close to two years without clues. Does this pass for a Guinness World Record?
Now there is another round of abduction from a school in Ikorodu Lagos and we are yet to know the fate of these children.
You may wonder how this spells doom for the economy and the economic policies of the current administration. Nigerian government has been struggling with ways of easing the nation’s balance of trade while other internal problems pose countering threats to those efforts.
Now that oil revenues have remained unstable and there are high tariffs on luxury goods while some importations do not qualify for foreign exchange purchases from the Central Bank, the most likely source of increase in foreign exchange demand is the procurement of security gadgets, small arms and light weapons by colleges and their proprietors who want to protect their students and ensure that they remain in business by all means.
Other parents who have the means will inevitably take their primary and secondary age children to safer countries near and far. Therefore, payment of school fees to foreign schools will also increase significantly, pushing up capital flight volume due to tuition payment abroad.
The idea of foreign education became widespread due to the inability of our universities to create and teach knowledge that is relevant to professional practice; only the hours of study and names of most of the schools meet international standards.
Contents and quality of delivery have been wanting for a long while now. To the extent that Nigerians now co-own colleges in Republic of Benin, Lomé and Ghana, everyone except those who cannot afford it prefers to study “anywhere” outside Nigeria.
The pace of rising insecurity of lives of students within our colleges will surely make worse the present precarious experience and those who once coped by turning to the private schools will now have more than enough reasons to jettison that option.
That way, our schools will experience the same fate that met our textile factories, departmental stores, airlines, manufacturing giants and the other economic actors that have either died or relocated to other countries.
These analyses and predictions sound logical; however it is uncertain if and when they will become real but of course if nothing is done quickly and seriously, what do we think will become of this country? What would it be like to live in Nigeria or even be called a Nigerian?
Originally, Nigerians look for undergraduate and postgraduate admissions for their children abroad specifically in countries like the UK, US, South Africa, Canada, Australia, India, Ghana, Republic of Benin and Togo. Now, we should expect the same trend for the primary and secondary school admissions.
This trend started due to poor quality of education but now the need for security is reinforcing the incentives for parents to take their children to foreign schools. We would agree that insecurity in schools is a more compelling reason than poor quality education for considering foreign schools.
Therefore, given the unfolding threat to security of students, we should expect an exodus of students out of Nigeria. Something like, the future of Nigeria gradually going into extinction.
Before things get that bad, the increasing outflow of money from the economy will first render the fiscal and economic policies of the present administration useless and it would become really difficult if not impossible to strengthen the Naira not against the dollar or the Pounds alone but also against the currencies of our neighbouring African countries.
It is a terrible thing for any nation or government to lose the confidence of her own people. Much as there are many Nigerians who still believe in the efforts of the present administration and the hope of a better Nigeria, an unsecured growing population is a big threat to patriotism, national unity and continuity.
That being said, there is the need for an unwavering sincerity, communication, reassurance based on activities not promises to win the confidence and feeling of security amongst the people.
Hitherto, one of the biggest challenges to resolving the problems of the education sector like that of most other sectors in Nigeria has been the profession of simple solutions to complex problems.
Our policy makers and leaders need to be able to think on their feet and take decisions proactively.
We need leaders who embrace dialogic discourse and multiple collaborations to transform Nigeria. There are other problems that are as bad as corruption in Nigeria and government needs to give equal if not greater attention to them.
As we fight corruption, we should also be very steadfast in growing the economy and in doing that, education cannot be relegated to a place of low priority or indifference. A less corrupt nation where people become poorer by the day due to contracting economy does not sound like a great place to work or live.
The permutations to lift Nigeria out of the present circumstances are not so linear and simplistic or the efforts will amount to sheer waste of time and opportunities.
Named as the Best Young Manager in South-West Nigeria (2013), Olugbenro Oyekan is the Dean of School and Associate Professor of Practice in Management at the International School of Management (ISM) Lagos.
News
Dr. Olusola Teniola, Honoured with Yoruba Study Group Golden Leadership Excellence Award

ipNX Director, Dr. Olusola Teniola, has been awarded the prestigious Golden Leadership Excellence Award by the Yoruba Study Group. Dr Teniola, who leads Strategic Business Initiatives (SBI) at ipNX, the leading Nigerian technology and telecommunications company, was conferred with this award at the ipNX Corporate Headquarters, Victoria Island, Lagos.

Dr. Teniola was recognised as an Icon of Excellence & Most Outstanding Administrator of the Year 2025/2026 for his remarkable contributions to the advancement of Nigeria’s telecommunications industry, as well as his unwavering commitment to making data more affordable and accessible to millions of Nigerians.
The award celebrates his embodiment of the revered Omoluabi ethos of Yorubaland, defined by integrity, diligence, excellence, and strong character. His leadership and impact have been particularly notable through his work with the Association of Telecommunications Companies of Nigeria (ATCON) and the Alliance for Affordable Internet, where he has played a pivotal role in shaping policies and initiatives that drive digital inclusion and connectivity across Nigeria.
In its citation, the Yoruba Study Group commended Dr. Teniola for his “exemplary contributions to the advancement and management of telecommunications in Nigeria, his unquantifiable efforts in ensuring affordable data for the teeming masses, and his outstanding record of quality service delivery.”
Reacting to the recognition, Dr. Teniola said “I am deeply honoured to receive this award from the Yoruba Study Group. This recognition is not just a personal milestone, but a reflection of the collective efforts of industry stakeholders committed to advancing Nigeria’s digital future. I remain dedicated to driving initiatives that promote affordable access to connectivity, foster innovation, and empower more Nigerians to participate meaningfully in the digital economy, while upholding the values of integrity, excellence, and service.”
The Yoruba Study Group, a socio-political organisation founded in 2019, is dedicated to promoting Yoruba traditions, values, and cultural heritage. ipNX described the award as a testament to Dr. Teniola’s enduring impact on both the technology sector and society at large.
“Dr. Teniola exemplifies the highest standards of leadership, innovation, and service. His contributions continue to strengthen Nigeria’s digital economy while reflecting the values of excellence and integrity that we uphold at ipNX,” said Mobolaji Caxton-Martins, Head Marketing and Corporate Communications, ipNX Nigeria.
This recognition not only highlights Dr. Teniola’s professional achievements but also underscores his commitment to fostering inclusive growth, strengthening industry collaboration, and advancing Nigeria’s position in the global digital landscape.
News
Joshua Ichor, Nigerian Innovator Bags Europe’s €60m Fellowship

Joshua Ichor, a Nigerian geoscientist and innovator, has secured a rare invitation into the prestigious EWOR Fellowship, one of Europe’s most selective founder programmes built for outlier entrepreneurs with the potential to create billion-euro companies.

Joshua Ichor
The invitation places Ichor inside EWOR’s elite founder ecosystem, a powerful European platform associated with a reported €60 million commitment to backing exceptional founders building the next generation of globally significant companies.
EWOR describes itself as a fellowship for founders who “think in decades and build in days.” The platform says it backs the top 0.1% of founders building potential €10 billion+ companies, with mentorship from unicorn-builders and a founder-first model designed for exceptional entrepreneurs.
For Ichor, the selection is more than another milestone. It is a signal that one of Europe’s most ambitious founder networks sees major global potential in the Nigerian innovator.
While the technology Ichor is currently building has not been disclosed to the public, sources close to the development describe it as a powerful and ambitious piece of technology with the potential to scale internationally.
The project remains under wraps as Ichor continues to refine the product, strategy, and long-term market direction.
According to the fellowship invitation, EWOR believes Ichor is among the few founders with what it takes to build a company that could be valued at €1 billion or more.
That belief places him in a rare class of founders being watched not only for what they have done, but for what they are quietly building next.
EWOR has earned attention for its radical selectivity and founder-first approach.
Its own platform highlights a 0.1% acceptance rate, describing the fellowship as a community of outlier founders who push and sharpen one another.
EWOR’s public materials also reference the fellowship as “Harder than Y Combinator,” built by unicorn founders for founders seeking a higher level of ambition.
The fellowship connects selected founders with a powerful network of unicorn builders, investors, and operators.
Ichor is expected to build alongside a high-calibre founder community that includes names such as Ricky Knox, known for two nine-figure exits; Andrew Nutter, associated with a €180 million revenue company and Sequoia Scout experience; Nick D’Aloisio, widely known for achieving a major technology exit as a teenager; and Jörgen Tveit, who raised one of Europe’s biggest-ever pre-seed rounds by a first-time founder.
The EWOR ecosystem also gives founders access to sessions with globally recognized operators and investors, including Fabrice Grinda, founder of OLX; Kevin Hartz, founder of Eventbrite and Xoom; Mark Ghermezian, founder of Braze; and Michael Baum, founder of Splunk.
For a Nigerian geoscientist to enter this circle is a major statement. It shows that African technical talent is increasingly stepping into the same rooms as some of the world’s most ambitious venture-backed founders.
Ichor’s current technology remains confidential, but the conviction from EWOR suggests that the opportunity is significant.
The details are not yet be public, but the direction is clear: Joshua Ichor is building something with global ambition.
EWOR’s wider network includes some of the world’s leading startup investors and venture names, including A16Z, Accel, Atomico, Balderton, Earlybird, EQT, FJ Labs, Lakestar, Sequoia, Speedinvest, World Fund, and others.
Its platform says fellows raise at 50–300% higher valuations than average, further underlining the strength of the ecosystem around selected founders.
News
More than 50 Percent of Leaked Passwords End with a Number – Research Reveals

To mark the occasion of World Password Day, Kaspersky experts analysed 231 million unique passwords in major password leaks from 2023 to 2026, and uncovered several key patterns.

First, 68% of modern passwords can be cracked within a day. Second, it turned out that the vast majority of compromised passwords either begin or end with a digit – a common pattern that makes them potentially vulnerable to brute force attacks.
And third, users also favour positive and trending words; for example, over the past couple of years, use of the word “Skibidi” in analysed passwords surged 36 times, mirroring the rise of that Internet trend.
In recent years, secure passwords’ rules have become a widely discussed topic. More and more services now demand passwords that are at least 10 characters long, include an uppercase letter, and contain a number or a symbol.
Yet a comparative analysis of leaked passwords from the past few years shows that even following some of those rules does not guarantee resistance to brute‑force or AI‑driven attacks.
Kaspersky experts share practical advice on how to make passwords more complex and secure, and how not to repeat common mistakes.
Be creative with using symbols and numbers
Among the leaked passwords that contain just one symbol, the “@” sign tops the list, appearing in 10% of cases. The next most common symbol is a dot (.), found in 3% of passwords. Among all analysed passwords “@” takes second place in terms of prevalence, and in third place is “!”.
Numbers also follow similarly predictable patterns:
53% of examined passwords end with digits;
17% begin with digits;
Nearly 12% include a numeric sequence that resembles a date (from 1950 to 2030);
3% of leaked passwords include keyboard sequencies like “qwerty” or “ytrewq”, but most of them are digital sequencies like “1234”.
Alexey Antonov, Data Science Team Lead at Kaspersky, notes that commonly used symbols, numbers, or dates – especially when placed in obvious positions (such as at the beginning or end of a password) – significantly simplify brute force attacks for cybercriminals. That’s why it’s highly recommended to give preference to less popular characters, and avoid numeric or keyboard sequences.
“Bruteforce works by systematically trying every possible character combination until the correct password is found. When attackers already know which characters users tend to favour, the time required to crack a password drops dramatically. To avoid the temptation of choosing predictable symbols, entrust password creation to dedicated generators that produce random letters, numbers, and symbols with equal probability”, says Alexey Antonov.
Between… Eden and hell: Try to avoid using words in a password
The research shows that emotional and trending words frequently become the basis for a password. For example, from 2023 to 2026 the use of the word “Skibidi” in passwords increased 36 times – mirroring the rapid rise of that Internet trend.
Kaspersky experts have also conducted analysis of the occurrence of positive and negative words in passwords, and it turned out that there are more positive ones. Among those regularly appearing are positive words like “love”, “magic”, “friend”, “team”, “angel” and “star”, “eden”. Interestingly, positive words are much more common than negative ones. However, words like “hell”, “devil”, “nightmare” and “scar” also occur.
“Using a single‑word password, even with a trailing number or a special character, is a weak choice. The pattern is too predictable, making it easy for attackers to guess. Instead, craft a passphrase that strings together several unrelated words, each supplemented with internal numbers and symbols, and sprinkle in a few intentional misspellings.
The longer and more random and unpredictable the password is, the harder it is to crack. As an additional way to protect yourself, enable two-factor authentication (2FA) wherever possible,” recommends Alexey Antonov.
Is password length important?
It’s well known that longer passwords are harder to crack, and the analysis of leaked passwords confirms this principle. However, with the rise of AI driven tools, length alone no longer guarantees security: even lengthy passwords can be compromised if they follow predictable patterns.
The research shows that short passwords of up to eight characters that appeared in the leak are typically cracked by brute force attacks in under a day. However, thanks to AI-powered smart algorithms, more than 20% of 15-character passwords can be broken in less than a minute.
What’s more 60.2% of all analysed passwords – regardless of length – can be cracked in about an hour; 68.2% – in a day.
In the examples provided, the calculations assume a single RTX 5090 GPU and the MD5 algorithm. In real‑world scenarios, attackers can rent multiple GPUs – ten, a hundred, or even more. Under such conditions, the cracking rate would increase potentially by several orders of magnitude.
In modern terms, truly secure passwords not only meet the gold standard of 16+ characters, but also consist of random, non-repeating letters, numbers, and symbols, and are unique for each account. To help users create such passwords, Kaspersky has added a password generation feature to the Kaspersky Password Generator website. Now users can not only check their passwords for leaks, but also generate secure passwords for free.
For easy and secure password management, auto-fill, and cross-device synchronisation consider using a password manager in which all credentials are stored in a secure vault and protected by a single master password. This eliminates the need to remember hundreds of passwords while keeping them safe from breaches.
What’s more, not only passwords, but also passkeys can be created and stored directly in Kaspersky Password Manager, which allows not only to sign in to supported services with a single tap, but also to access passkeys on all devices owing to secure synchronisation.
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