Telecom
DG NITDA Advocates for AI Integration in Nigeria’s Security Sector
Kashifu Inuwa, Director General of the National Information Technology Development Agency (NITDA), emphasized the potential for increased efficiency and effectiveness in Nigeria’s security sector through collaboration between the security industry and the startup ecosystem.
Inuwa made these remarks while hosting the Commandant of the National Institute for Security Studies (NISS), Alhaji A. S Adeleke, represented by Deputy Commandant D. E Egbeji.
The visit included faculty members and participants of the Executive Intelligence Management Course (EIMC 17) with the theme “Artificial Intelligence, Security, and Emerging Economies in Africa: Challenges and Prospects,” held at the eGovernment Training Centre (eGTC), Public Service Institute of Nigeria (PSIN), Kubwa, Abuja.
Inuwa highlighted the unique approaches of the security and information technology (IT) sectors, noting that collaboration could harness the vast opportunities offered by IT, including the utilisation of Artificial Intelligence (AI), the Internet of Things (IoT), and other emerging technologies to strengthen the security sector.
“The way you do things in Security is different from the way we do things in the Information Technology (IT) sector but if we can work together, we can make things better by utilitising the numerous opportunities that IT offers leverage AI, IoT and Emerging technologies in strengthening the security sector.”
Regarding AI, Inuwa asserted that it is a driving force globally, dispelling common misconceptions by emphasising its role in simplifying tasks, providing quick answers, and offering solutions.
He categorized AI into three types based on capability: Narrow Intelligence, General AI, and Deep Learning AI. Narrow Intelligence involves machines outperforming humans in specific tasks, General AI can learn and apply knowledge, and Deep Learning AI uses neural networks, akin to the human brain.
Expanding on AI functionality, Inuwa delineated four categories: Reactive Machines, Limited Memory, Theory of Mind, and Self-Awareness. Reactive Machines operate solely on given data, lacking the ability to remember past information; Limited Memory can store and utilise historical data for predictive analysis, while Theory of Mind involves systems capable of understanding human behavior.
Inuwa added that the NITDA actively supports AI growth in Nigeria through initiatives like the National Centre for Artificial Intelligence and Robotics (NCAIR) and the ongoing development of the National Artificial Intelligence Policy.
Expressing openness to strategic collaboration, Inuwa highlighted that such partnerships align with the NITDA Strategic Roadmap and Action Plan (SRAP 2.0), particularly the pillar focused on forging strategic partnerships and collaborations.
He emphasized that synergistic relationships would amplify Nigeria’s digital initiatives and global presence.
“We are open to strategic collaboration as it aligns with a pillar of the NITDA Strategic Roadmap and Action Plan (SRAP 2.0) which is to Forge Strategic Partnerships and Collaboration. And synergistic relationships will amplify Nigeria’s digital initiatives and global presence,” Inuwa added.
In response, Commandant NISS Alhaji A.S Adeleke expressed the institute’s intent to learn from NITDA’s experience, seeking valuable insights to inform an executive brief for President Bola Ahmed Tinubu GCFR. This brief aims to contribute to policy formulation and implementation.
“We are here to share from your experience and to gather all we can from the beginning of the course, because at the end of the course we are expected to make an executive brief to President Bola Ahmed Tinubu GCFR that will aid policy formulation and implementation,” Adeleke said.
In his earlier comments, Dr. Aristotle Onumo, the Director of Corporate Planning and Strategy, offered a comprehensive overview detailing the evolutionary journey of NITDA from its inception to the present day.
He delved into the agency’s historical milestones, charting its growth, development, and transformative initiatives over the years.
He underscored the role NITDA has played in shaping and steering the trajectory of information technology and development in Nigeria, showcasing its commitment to fostering innovation, digital literacy, and technological advancement.
Telecom
Unforgettable Moments and Big Wins at the TECNO SPARK 30 City Tour
TECNO SPARK 30 city tour made a memorable stop at Ikeja City Mall on November 15th, bringing with it an infectious energy that electrified the entire city.
As the event unfolded, it was clear that this was more than just a product showcase – it was an immersive experience designed to thrill and delight.
The day’s festivities kicked off with the iconic TECNO SPARK 30 transformer bus, painted in bold red and blue hues, rolling into action.
The bus served as the hub for a games grotto, where fans immersed themselves in thrilling digital games and adventures.
Outside, the excitement spilled over, with attendees engaging in friendly competitions of Jenga, Monopoly, Ludo, and chess.
These games sparked laughter, playful banter, and a sense of camaraderie among strangers.
As the games heated up, so did the rewards. Purchasers of the TECNO SPARK 30 Pro enjoyed a N20,000 discount and a chance to win up to 100% cashback by participating in the games.
The atmosphere was electric, with cheers of victory, enthusiastic applause, and celebratory high-fives.
The excitement reached a fever pitch with the arrival of tech and lifestyle creator Kagan, accompanied by Big Brother Naija Season 9 stars Victoria and Ruthee.
The trio dove into the action, competing in games and claiming victory. They were awarded TECNO-branded gift items, earning cheers and applause from the thrilled crowd.
The event was an unforgettable experience, leaving a lasting impression on all who attended.
Telecom
Sophos Report Highlights Cyber Risks During Holiday Shopping Season
During peak shopping days, this threat intensifies.
Here’s what happens: with the surge in online deals, more employees may be shopping from their work computers, feeling that Cyber Monday is a legitimate time to do so.
This increases the risk of them clicking more freely and potentially exposing the organization to malicious links or phishing attacks.
To keep your organization safe, encourage your team to follow these simple tips:
• Don’t click deals in email that look too good to be true or are from businesses you don’t have accounts from – these could be phishing emails hoping to bait you into clicking links to bogus, malicious web sites.
This season, small steps can make a big difference in protecting against cyber threats.
Telecom
MTN Nigeria Shops for N50Bn Commercial Paper to Boost Working Capital
MTN Nigeria Communications Plc has announced plans to issue up to N50bn in Series 13 and 14 Commercial Paper Notes under its N250bn Commercial Paper Issuance Programme.
This proposed issuance aligns with the company’s strategy to broaden its funding sources and strengthen its liquidity position.
The proceeds from the issuance are earmarked to support MTN Nigeria’s short-term working capital needs, enabling the company to sustain its operations and meet financial obligations effectively.
In a statement to the Nigerian Exchange Limited (NGX) and the investing public, MTN Nigeria emphasized its commitment to maintaining financial stability and operational efficiency.
According to the statement signed by Uto Ukpanah, company secretary, further details regarding the structure, pricing, and timeline of the issuance will be disclosed to the market in due course, as MTN Nigeria continues to engage with stakeholders and regulatory authorities.
MTN Nigeria recently completed its series 10 commercial paper issuance under its upsized N250bn commercial paper issuance programme.
The telecom giant said it sought to raise N72.1bn and the offer recorded 149 per cent subscription with N72.1bn issued.
The 266-day commercial paper was issued on 29 November 2023 at a yield of 16 per cent.
The CP issuance aligns with MTN Nigeria’s strategy to continue diversifying its funding sources and reducing its average cost of debt. The proceeds will be applied towards short-term working capital requirements.
Karl Toriola, chief executive officer, MTN Nigeria said. “We are pleased with the support received from the investor community, having recorded a 149 per cent subscription from a broad range of investors. This reflects NTN Nigeria’s robust financial capacity, brand strength, and market leadership amidst the upward pressure on interest rates”
Stanbic IBTC Capital Limited played the role of Arranger and Dealer with ARM Securities Limited. Chapel Hill Denham Advisory Limited, Coronations Marchant Bank Limited, FCMB Capital Markets Limited, Quantum Zenith Capital &Investments Limited, Rand Marchant Bank Limited, and Vetiva Capital Management Limited played the role of Joint Dealers on the transaction.
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