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E-Business

Tokenized Economy Conference Focuses on Addressing Nigeria’s Challenges with Blockchain, AI

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Cyberchain, Africa’s Web 3 and Digital Economy Aggregator, has announced the Tokenized Economy Conference, set to take place on the 3rd and 4th of October at Baze University, Abuja.

This event, dedicated to promoting Blockchain adoption in Nigeria, is part of Cyberchain’s ongoing efforts, spanning over half a decade, with successful impacts in more than five states and over 20,000 Nigerians.

The conference will accommodate over 3,000 participants and feature over 30 Tech leaders from both the public and private sectors. This is a must-attend event for real estate practitioners and government executives eager to explore the transformative potential of Blockchain and AI.

“Digital Assets Tokenization, powered by Blockchain Technology, is a game changer for any organization or government that intends to elevate their businesses or the lives of their citizens, respectively. We are delighted that Cyberchain has taken the driver’s seat to bring this great opportunity to Nigerians,” says Mr. Jude Ozinegbe, Founder of Cyberchain, author of Embracing Nigeria’s Digital Economy and Blockchain Facilitator at Baze University, Abuja Nigeria.

Empowering Future Innovators

On the second day of the conference, October 4th, the Innovators Challenge, dubbed the Next-Gen Pitch Competition, will take place. This initiative encourages university undergraduates to develop applicable Blockchain solutions, referencing the Internet Computer Protocol Blockchain, addressing real-world challenges. The winning teams will share a prize pool of N5,000,000, fostering innovation and entrepreneurship among Nigerian youths.

Mr. Adedayo Adebajo, Co-founder of ICP.Hub Sahara West Africa, remarks, “We are excited to collaborate with Cyberchain to empower Nigerian youths with the relevant tech, incubation, and kick-off financial support, enabling them to look within and propose homegrown innovative solutions to the challenges peculiar to us in Nigeria and Africa. We are confident that the winners will become positive success stories in the future.”

Tokenized Economy is sponsored by Zinochrome, Hyperspace, Alphageek, ICP_Sahara, NITDA, supported by Baze University, SiBAN, CDIN, BICCON, BEAN, and numerous community partners.

Blockchain and AI: Catalysts for Nigerian Economic Transformation

The integration of Blockchain Technology and Artificial Intelligence (AI) holds immense potential for the Nigerian economy, offering transformative benefits that could redefine the landscape for businesses and government operations alike.

As Nigeria faces numerous challenges, including corruption, inefficiencies, and economic volatility, the synergy of Blockchain and AI emerges as a game changer, promising transparency, efficiency, and innovation.

Using Blockchain and AI to Address Nigeria’s Challenges

Nigeria’s economy grapples with issues such as fraud, lack of transparency, and inefficient processes. Blockchain Technology, with its decentralized and immutable ledger system, ensures data integrity and transparency, significantly reducing corruption and fraud.

AI, on the other hand, offers predictive analytics, process automation, and enhanced decision-making capabilities. Together, these technologies can streamline government operations, enhance service delivery, and foster a more inclusive economy.

Digital Assets and Real Estate Tokenization: Shared Prosperity

One of the most promising applications of Blockchain Technology in Nigeria is the tokenization of digital assets and real estate. By converting real estate assets into digital tokens, ownership becomes more accessible, enabling fractional ownership and democratizing investment opportunities.

This can lead to shared prosperity, as more Nigerians can participate in real estate investments previously out of their reach. The tokenization of assets also enhances liquidity and provides a secure and transparent transaction platform, attracting both local and international investors.

Interested individuals in Abuja and environs, can register to attend this event for free at cyberchain.com.ng/register


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E-Business

NIMC Plans to Register 95 Percent Nigerians by December

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Abisoye Coker-Odusote, director general, National Identity management commission (NIMC) has said that the commission is set to register 95 percent of Nigerians into the National Identity Database before December 2025.

NIMC Plans to Register 95 Percent Nigerians by December

Abisoye Coker-Odusote,, DG, NIMC

She made this statement at a press briefing to highlight the commissions goal aligns with President Bola Tinubu’s Renewed Hope Agenda, particularly on digital governance and inclusive development.

The mass enrollment drive will be powered by a combination of improved infrastructure, expanded registration centres, and robust public sensitization campaigns.

As of May 2025, NIMC reports over 120 million Nigerians have been enrolled, and about 100 million more would be captured by December.


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Farmers to Get Identity Card for Loans, Inputs

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The federal government, in collaboration with the International Fund for Agricultural Development (IFAD), is building a digital registrar that will identify farmers, their farmlands, type of soil and the crops they grow for targeted services.

Farmers to Get Identity Card for Loans, Inputs

The information and the National Identification Number (NIN) will be integrated into a multipurpose identity card that farmers can use to access financial services, inputs and other forms of government assistance.

The digitisation is expected to harmonise farmers’ data across all the 36 states and the Federal Capital Territory.

Speaking at the national launch of the Policy Dialogue Initiative on the National Digital Farmers Registry (NDFR) recently in Abuja, Dr Marcus Ogunbiyi, permanent secretary, Federal Ministry of Agriculture and Food Security (FMAFS), said the new system would address the issue of portfolio farmers, whom he described as “farmers who have no farm.”

“We are going to register farmers and their farms. Not only that, farmers and the type of crop they grow, farmers and the locality they are, the type of soil they have on their farms. There is no farm that will not have a farmer. But there are many farmers who do not have farms.  This is an encompassing package.

“When we register these farmers, we are going to provide a physical and digital card for them. With the card, many things can be done by the farmers. It can be used as a means of identification, an asset to some gateway – just anything.  It is going to have a handshake with the database of the country, such that with that particular card, the farmer can enter any place and get things done. He or she can redeem inputs and even get a loan, depending on the financial entity,” Ogunbiyi explained.

He said that to accomplish this, the Federal Ministry of Agriculture and Food Security has taken decisive steps to transform their approach to farmer data management, adding, “Chief among these is our strategic partnership with the National Identity Management Commission (NIMC) to implement a far-reaching farmer registration and database project.  At the heart of this initiative is the integration of the NIN, which ensures that every Nigerian farmer is uniquely identified and seamlessly integrated into a national agricultural system.”

Mrs Dede Ahoefa Ekoue, country director/representative of the IFAD in Nigeria, said the United Nations (UN) organisation was proud to be part of the initiative on the National Digital Farmer Registry in Nigeria.

“Our role is to convene all the partners, development partners from the public sector, private sector and the international community to put our resources together to support the effort of the government in establishing and enabling a digital farmer registry for the country,” she said.

Mrs Ekoue said that although there were previous efforts to have a national database of farmers, it had the issues of fragmentation and sustainability.

“The government is now providing us with a sense of direction and matching orders to all the actors to work together. This is what we are doing today with several partners, including the African Development Bank, FAO, the World Bank, the EU, the Islamic Development Bank and UK. Also, what is very key is farmers’ organisations because it is about them, it is for them, it must be with them,” she added.

The country director said the IFAD was happy to bring together the private sector and different ministries, departments and agencies, adding, “It will be a game changer for having a strong, updated and sustainable national digital farmer registry.”

Dr Lekan Tobe, the country director of Heifer International in Nigeria, in his remarks at the official launch of the Policy Dialogue Initiative on the National Digital Farmer Registry, emphasised the critical role of partnership and data in transforming Nigeria’s agricultural sector.

He said that this initiative, born from recommendations of previous policy dialogues organised in collaboration with the federal government, aimed to scale up innovative digital technology to enhance food systems across the country.

 

 


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Dyna.Ai Launches Operations in Nigeria

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Dyna.Ai, a global leader in AI-as-a-Service (AIaaS), has launched its operations in Nigeria with an exclusive closed-door ‘Nigeria Dyna Day’ event in Lagos, which saw the introduction and orientation of its suite of AI-powered products and solutions to Nigeria’s emerging financial ecosystem.

Dyna.Ai Launches Operations in Nigeria

The event, tagged ‘Nigeria Dyna Day’ and themed “AI Unleashed: Revolutionising Nigeria’s Financial Future,” brought together leading voices from the country’s AI, financial, fintech, telecom, and other key sectors, including representatives from government agencies and major enterprises.

In his opening remarks, Tomas Skoumal, chairman and co-president of Dyna.Ai,  emphasized the strategic importance of Nigeria and the broader African market, stating, “For us, it makes sense to start in Nigeria.

There is no bigger country in Africa—this is where the momentum is.” He noted that Africa is no longer just “the future,” but is actively transforming today, driven by rapid digitalization and fintech innovation.

“This is the perfect time to be here,” he added, highlighting that Dyna.Ai sees technology as a vital bridge to financial inclusion and long-term growth across the region.

Skoumal introduced Dyna.Ai’s advanced Agentic AI solutions, including its proprietary Agent Studio and industry-specific language models, designed to power intelligent automation across customer service, marketing, collections, HR and more.

He also underscored the company’s long-term ambition to invest in local talent, stating, “We’re not just here to sell a product—we’re here to build infrastructure, create local jobs, and scale innovation from Nigeria to the rest of Africa.”

Dyna.Ai also showcased its advanced AI technologies at the event, including AvatarGPT, an AI digital human delivering interactive experiences; VoiceGPT, a voice agent featuring authentic local accents for seamless communication in Yoruba, Hausa, and Igbo; along with live demonstrations showing how these innovations empower customer engagement and employee experience.

Delivering the keynote address at the event, Tokoni Peter Igoin, Special Assistant to the President on ICT Development and Digital Innovation, underscored the Federal Government’s vision for a secure and forward-thinking digital ecosystem.

“The government of the Federal Republic of Nigeria, under the visionary leadership of His Excellency, President Bola Ahmed Tinubu, is fully committed to responsible innovation. Our approach to AI and financial technology is rooted in a positive framework. It encourages creativity while ensuring transparency, data protection, and digital security”, he said

Also in his remarks, Olatunbosun Alake, Lagos State Commissioner of Innovation, Science and Technology,  gave insights from the government/regulatory perspective.

He announced that the Lagos State government is also taking steps towards the wide adoption and regulation of artificial intelligence in the state with the planned release of the first AI guidelines for the deployment and management of AI in the coming weeks.

 

 

 


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