News
Samsung Supports Education Transformation with ICT Solutions

As one of the continent’s economic powerhouses, Nigeria has in many ways set new standards of progress across Africa. But, it’s become clear that in order to maintain this momentum, the country needs new answers to existing education challenges.
Malam Adamu Adamu, Minister of Education, recently announced that currently 1.5 million school-age children in the country are not attending school.
And as a result of the large volumes of children not in schools, Nigeria’s literate population currently sits at about 63 million, with between 65 and 75 miilion illiterate people in the country.
While government – recognising that education is key to the stability of the economy – is looking at measures to formalise the non-formal education sector, there have again been calls for the establishment of more public-private sector partnerships in order to help overcome this challenge.
But, it’s also become increasingly clear that if we want to address this challenge, we can’t continue to do things as they’ve always been done.
According to Sthembile Shabangu, Lead: Public Relations, Public Affairs and Corporate Citizenship, Samsung Africa Office, ‘while we can’t ignore the importance of investing in content-related resources and the like, the most meaningful way we can make a major impact is through the country’s greatest educational asset – its teachers.
“Through teachers we have the opportunity to make a genuine difference to the stories of generations to come. Just one teacher can affect the lives of many students.
With this in mind Samsung set out to spread its Smart School initiative far and wide.
Geared towards the strategic development of teachers by enhancing the skills vital in today’s classroom, Samsung Smart Schools make use of the latest ICT solutions to drive teacher and student-led learning.
Equipped with a wide range of learning tools such as tablets, laptops, desktops, an e-board and a WiFi printer, these schools are designed to support interactive teaching and learning, as well as greater collaboration through engaging digital content.
“Our goal is to empower teachers to provide quality education through a combination of learner management systems, content and interactive management solutions.
“We don’t simply want to help teachers educate young Nigerians, we want to help them grow creative young minds for whom the sky is no longer the limit.
“To date, Samsung has rolled out five different smart schools across Nigeria in the districts of Ogun, Imo, Cross River, Abuja and Delta State.
“As a result, we have trained about 192 teachers – teachers who have no doubt left an incredible legacy in the lives of many more Nigerian students,” he added.
Leaving a legacy that will last
But the story doesn’t end there. If we truly want to see new generations making a tangible contribution to the workplace and helping to drive the economy forward, we need to make sure they are also equipped with practical skills to help them succeed.
Given that the digital age is upon us, we know that ICT and engineering skills top the list of capabilities which need to be developed if we truly want to progress. This is an area in which Samsung feels it can truly leverage its wealth of experience and expertise in the tech space to make a difference.
And for us the difference comes in the form of our two Engineering Academies in Lagos and Ekiti. Aimed at addressing the skills gap in technical and engineering expertise, the Engineering Academies not only draw on the knowledge and expertise of the company’s highly skilled staff members, but also equip students with ‘starter’ toolkits so that they are fully empowered to start growing their own businesses should this be the direction they wish to take.
Already these Academies have trained over 800 young minds and seen 257 students graduate.
There can be no doubt that the private sector has an increasingly important role to play in helping to address Nigeria’s education concerns. But, if we want to have a genuine effect on the country’s education scene, we have to become smarter in the way we address current challenges.
We need to ensure that the solutions we implement are powerful enough to spread beyond our spheres of influence. Indeed, we must make sure they have the reach needed to impact a nation.
News
NIA Questions Legality of Reps’ Financial Probe

The Nigerian Insurers Association has urged the House Committee on Capital Market and Institutions to respect the constitutional separation of powers as it carries out a probe on over 20 insurance firms.
In a statement on Tuesday night, the Director General/Chief Executive Officer of NIA, Mrs Bola Odukale, said the decision of NIA and the affected firms to approach the court was to seek clarity on the constitutional limits of the House Committee’s probe.
It would be recalled that the House of Representatives on Monday is investigating no fewer than 25 insurance companies operating in the country for various financial infractions spanning financial reporting, claims settlement, premium remittance, and issuance of policies.
The Chairman, House Sub-Committee on Capital Market and Institutions, Kwamoti Laori, during a meeting with the management of the insurance companies at the National Assembly Complex in Abuja, said the meeting was convened following the receipt of a petition on infractions by the insurance companies.
In the statement, Odukale said, “The Association wishes to state unequivocally that all actions taken by the NIA and the affected member companies in response to the Committee’s invitations and pronouncements were based entirely on legal advice by its Solicitors. It was on the firm instruction of legal counsel that recourse was made to the courts.
“The objective of approaching the Court is to seek judicial guidance on the legality, propriety, and constitutional limits of the Committee’s intervention in order to safeguard institutional integrity, uphold regulatory independence, and ensure that legislative oversight remains within the bounds of law.
“The Court action seeks to determine whether the current posture of the Committee reflects an exercise of legislative judgment, which, by constitutional design, is the exclusive province of statutory regulators, such as the National Insurance Commission, Securities and Exchange Commission, Nigerian Exchange, Financial Reporting Council, Nigeria Data Protection Commission, and the National Information Technology Development Agency.
“This raises serious questions about legislative overreach and an erosion of the doctrine of separation of powers, a cornerstone of Nigeria’s constitutional democracy.”
Odukale maintained that the NIA was committed to lawful and constructive engagement with all arms of government, provided that such engagement respects the autonomy of statutory regulators and the boundaries established by the Constitution.
“The NIA will continue to provide its full support to all member companies while upholding the principles of legal compliance and sector-wide integrity,” Odukale concluded.
17 of the companies that went to court were represented by their lawyer, Mr Abimbola Kayode, at the meeting with the committee.
News
Horn of Africa Leaders Seek Enhanced Digital Integration for Increased Regional Growth

Finance ministers and development partners from the Horn of Africa have called for enhanced digital integration to boost trade, drive economic growth and promote regional stability during the 25th Ministerial Meeting of the Horn of Africa Initiative (HoAI).
Held in Nairobi, on July 14, the meeting was co-chaired by the African Development Bank’s Vice President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo and Somalia’s Minister of Finance, Bihi Iman Egeh. Discussions underscored the critical role of digital integration in reducing trade barriers, boosting government service delivery and creating employment — particularly for the region’s youth.
“Digital technologies are shaping today’s economy and tomorrow’s industries. By embedding these technologies into our programs, we can not only improve inclusion but also leapfrog outdated development models,” said Nwabufo.
She called for digital integration a “central enabler” in each of the Horn of Africa Initiative’s pillars – trade, infrastructure, resilience, and human capital,
Learning through experience
Drawing from global and regional success stories, speakers highlighted the transformative potential of technology-led development. The ministers pointed to the Philippines as a strong example, where ICT has generated millions of jobs in business process outsourcing. Similarly, Kenya’s fintech innovation—especially the success of M-PESA—was cited as a model for scaling digital financial services across the region.
Participants urged governments to proactively foster digital ecosystems by capitalizing on the demographic dividend, identifying infrastructure upgrades, tighter regulatory reforms, and digital skills trainings as priorities to enable broader participation in the digital economy.
Minister Egeh reiterated the need for more coordinated regional efforts to create the enabling environment required for accelerated digital integration and expansion. He referenced the HoAI Digital Policy Matrix, adopted in 2023 which provides a blueprint on how to address key obstacles to achieving effective digital integration across the region.
Barack Makokha, Kenya’s Cabinet Secretary for National Treasury, underscored the importance of regionally-aligned public private partnerships and advocated for blended financing to reduce investment risk and expand digital access in underserved areas.
World Bank Vice President for Eastern and Southern Africa, Ndiame Diop, called for a comprehensive multi-pronged approach, combining cross-border coordination, large-scale financing, robust policy support, and digital infrastructure investments. He pointed out that such measures could transform digital integration into, “a powerful engine of economic transformation” for the Horn of Africa—ensuring no one is left behind in the digital era.
The meeting concluded with a shared recognition that sustained political will and the determination to implement a multifaceted approach are essential to unlocking the region’s economic potential and driving long-term growth.
The event also welcomed observers from the East African Community, Agence française de développement, and Shelter Afrique, reflecting strong regional and international backing for the HoAI in the development community.
News
CSCS Inaugurates Custodian Portal to Enhance Digital Access, Operational Efficiency

Central Securities Clearing System Plc (CSCS), Nigeria’s capital market infrastructure provider, has launched its Custodian Portal, a user-centric digital solution designed to optimise custodian operations through intuitive, secure and efficient features.
Haruna Jalo-Waziri, Chief Executive Officer (CEO), CSCS, announced this in a statement on Monday.
The CSCS is a Public Limited Company with a diversified shareholder base, which serves as the Central Securities Depository for the Nigerian Capital Market.
It serves as the Central Depository for Equities, Commercial Papers, Corporate Bonds, Sub-National Bonds, certain Sovereign Bonds like the FGN Sukuk and the FGN Savings Bond, Equity-traded Funds, Real Estate Investment Trusts, Mutual funds and Commodities.
Jalo-Waziri said that the custodian portal offered a streamlined experience for market participants with powerful tools that facilitate comprehensive portfolio and trade management, document tracking, share transfer operations, client symbol search, and real-time access to vital data.
He explained that the portal, designed to operate through a flexible subscription-based model, empowered users to manage their records effortlessly and securely through convenient payment channels such as GTPay and Paystack.
According to him, “Digital transformation remains at the core of our strategy to enhance the efficiency, transparency and accessibility of Nigeria’s capital market services.
“The custodian portal is a significant leap in that direction, offering custodians a centralised platform to manage critical processes in real-time.
“We are excited about the value this innovation brings to our stakeholders, and we will continue to evolve the platform in line with users’ needs and industry trends.”
The CEO also explained that the portal was designed with user experience in mind with feature tools like portfolio viewing and downloads in PDF or Excel format.
He further said that it also featured tracking of stock movements across date ranges, inbox messaging and request tracking, as well as robust user management capabilities including role assignment and status tracking.
Similarly, the Divisional Head, Business Technology and Digital Innovation, CSCS Plc, Tobe Nnadozie, said that the portal aligned with CSCS’s drive to automate the market.
“In addition to the normal features, the platform is a part of an omnichannel platform for custodians, and includes API services.
“It also connects to the market-wide workflow, which CSCS has built to ensure secured communication and approvals across all major stakeholders in the market.
“The platform is well secured with best-of-breed cybersecurity solutions and our SOC,” he said.
The Custodian Portal reinforces CSCS’s commitment to leveraging technology to streamline back-office functions and support a more agile, data-driven capital market ecosystem.
All custodians in the Nigerian capital market have now been successfully on-boarded on the Custodian Portal, marking a significant milestone in CSCS’s ongoing drive to enhance collaboration, standardise operational processes, and promote digital adoption across the market.
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