E-Business
NDPC Chief, Olatunji, Spotlights Data Protection’s Role in Digital Economy
Dr. Vincent Olatunji, National Commissioner/CEO of the Nigeria Data Protection Commission (NDPC), shed light on the significance of data protection in the digital economy during the recent pre-launch of the National Privacy Awareness Campaign.
Speaking at the ’50 Most Valuable Personalities in Nigeria’s Digital Economy Conference & Award’ in Lagos, Olatunji emphasized the crucial role data protection plays in fostering a thriving digital economy. He underscored the commitment of NDPC to raising awareness among citizens regarding data protection principles, essential for ensuring compliance with the Nigeria Data Protection Act 2023.
He said, “we firmly believe that awareness is a pre-condition for compliance and the ability of all operators including Licensed DPCOs to effectively do their tasks as prescribed by the law – Nigeria Data Protection Act 2023. Therefore, I want to recommend the NSDPA to reach out for support of associations such as ALDAPCON as critical stakeholders in the data protection ecosystem.
“What we expect in the weeks and months ahead is that the message of data protection will begin to run deep in corporate Nigeria and rural settlements and semi-urban centres across the country”
The National Privacy Awareness Campaign is anchored by the Nigerian Stakeholders for Data Protection Awareness (NSDPA).
The pre-launch ceremony which held as part of the highlights of the 50 MVPS event attracted stakeholders from various sectors, including the leadership and members of prominent associations such as the Association of Telecommunications Companies of Nigeria (ATCON), Association of Licensed Telecoms Operators of Nigeria (ALTON), and the Association of Licensed Data Protection Organisations of Nigeria (ALDAPCON).
Olatunji highlighted the necessity of awareness as a precursor to compliance, stressing the importance of collaboration with critical stakeholders like ALDAPCON to enhance data protection practices across corporate Nigeria and local communities.
Sani Ahmed Yaro, Zonal Coordinator of the Nigerian Stakeholders for Data Protection Awareness (NSDPA), shared plans for a national campaign aimed at educating every Nigerian on data privacy. He was represented by Delmwa Gogwim, a senior executive of the NSDPA.
Ivan Anya, Chairman of ALDAPCON, echoed similar sentiment, affirming the pivotal role of awareness in optimizing the functions of licensed Data Protection Compliance Organizations (DPCOs).
Nigeria’s digital economy and opportunities for young people
Furthermore, Prof. Nentawe Goshwe Yilwatda presented insights on Nigeria’s digital economy and opportunities for young people. He highlighted the transformative potential of emerging technologies like the Internet of Things, artificial intelligence, and robotics in revolutionizing various sectors.
People’ by Prof. Nentawe Goshwe Yilwatda, Nigeria has a good chance to leapfrog its economy by leveraging the unfolding opportunitiesin the technology realm.
His words: “the Fourth Industrial Revolution (4IR) presents a transformative opportunity for Nigeria to harness the power of emerging technologies such as the Internet of Things, machine learning, artificial intelligence, and robotics to revolutionize various sectors, from agriculture and healthcare to manufacturing and security.”
Prof. Yilwatda, a scholar and politician, said Nigeria must intentionally prepare its youths for the vast opportunities in the digital economy.
He said “Some of the opportunities available for young people in the digital economy space are a fertile ground for young entrepreneurs to launch innovative startups and digital businesses. From e-commerce ventures and fintech solutions to digital content creation and marketing.
Adding: “Young entrepreneurs can leverage emerging technologies like artificial intelligence, machine learning, and the Internet of Things to develop cutting-edge solutions across various sectors, including agriculture, healthcare, manufacturing, and security… Between 2016 and 2019, Nigeria spent a staggering N3.35 trillion on agricultural imports, while exports remained meager at N803 billion. Leveraging 4IR technologies such as precision agriculture, smart farming, and data analytics could potentially revolutionize this sector, boosting productivity and efficiency.
The other opportunities are employment and freelancing: The rise of remote work and the gig economy has opened up new avenues for employment and freelancing opportunities for Nigeria’s youth. With the global remote jobs market expected to reach $100 billion by 2032, young Nigerians can leverage their digital skills to secure lucrative remote roles in areas such as web development, digital marketing, virtual assistance, and many more.
Furthermore, as companies across sectors embrace digital transformation and 4IR technologies, there is an increasing demand for professionals with specialized digital skills, such as data analysts, cybersecurity experts, software developers, robotics engineers, and artificial intelligence specialists. Young Nigerians can position themselves for these high-growth job opportunities by acquiring relevant digital skills and staying abreast of emerging technological trends.”
Prof. Yilwatda said Nigeria can unlock the transformative power of its digital economy and position itself as a global leader in this rapidly evolving space by investing in youths and digital infrastructures.
‘Myths and Realities of Nigerian Digital Economy’
Additionally, Ike Nnamani, CEO of Digital Realty Nigeria, challenged policymakers and stakeholders to debunk myths surrounding the Nigerian digital economy. He identified key misconceptions, including exaggerated claims about Nigeria’s data center market and its position in Africa’s digital landscape.
Nnamani acknowledged, “Nigeria is undergoing accelerated digitization of the consumer and enterprise economies, in turn driving demand for people with digital skills, data center capacity and attracting new providers into the market.”
However, the myths of its digital economy present challenges and opportunities for government, policy makers and other stakeholders including operators to stir the country to progress and ‘shared prosperity.’ He identified five myths associated with the country’s digital economy.
He itemized the five myths in this order:
Myth #1: Nigeria has excess number and capacity on subsea cables
The fact demonstrated by the “recent subsea cables cut shows more redundancy needed,” Nnamani told an audience of ICT/Telecoms CEOs and political though leaders.
Myth #2: Nigeria has strong cloud services and local cloud infrastructure
This is clearly not the reality on ground. While there are significant numbers of cloud infrastructure providers, the gaps for cloud services remain extensive and largely unmet.
Myth #3: The Digital Economy will be primarily driven by Telcos – While this myth may have been reinforced by deliberate policy attention on telcos and the huge mobile subscriptions in excess of 200 million, a mix of factors including the technology shift to 5G with onward progression to 6G and the rise of hyperscalers would mean that the digital economy will be beyond telcos as sole markers of growth.
Myth #4: Nigeria’s datacenter market has matured. Nnamani emphasized: “the fact is that Nigeria is the country with largest datacentre potential in Africa but currently lagging behind smaller economies as the table shows. There is tendency for regular exaggeration of the growth curve for datacentres that often play down the significant growth of datacentres and impact in other economies within the continent.
Myth #5: Nigeria’s GDP makes it the leader in Africa digital economy. Nigeria’s ranking as the largest economy does not equate to the largest d
The 50MVPs is organised by IT Edge News, to highlight challenges and trends in the sector as well as honour trailblazers and steadfast leaders who have propelled the digital economy forward despite formidable obstacles.
“This is the time to highlight progress, examine challenges, rework partnerships, and recognise icons, said Olusegun Oruame, Founder of IT Edge News, published since 2024
The ’50 Most Valuable Personalities in Nigeria’s Digital Economy Conference & Award’ serves as a platform to address sectoral challenges, honor industry pioneers, and recognize individuals driving digital innovation in Nigeria, as noted by Olusegun Oruame, Founder of IT Edge News, the event organizer.
E-Business
NITDA Alerts Nigerians on Cybersecurity Risks Linked to Spotify
National Information Technology Development Agency (NITDA) has issued a public alert warning Nigerians about a cybersecurity threat involving the use of Spotify to promote malicious activities.
The agency, in a public notice issued on Tuesday, disclosed that threat actors are exploiting the popular music streaming platform to advertise game hacks, pirated software, and spam links that could expose users to cyber threats.
According to NITDA, cybercriminals embed malicious promotions in playlist names and podcast descriptions on Spotify, explaining that these promotions are used to advertise game hacks for popular video games such as Fortnite, GTA, Apex, and Roblox. Additionally.
They also promote pirated software (commonly referred to as ‘cracks’), spam links, and other malicious sites.
This abuse is said to leverage Spotify’s web player results to improve the search engine visibility of these harmful websites, putting unsuspecting users at risk of malware, scams, and other cyber threats.
NITDA warned that the exploitation of Spotify could lead to exposure to scams and phishing attacks, downloading of malware that can compromise user devices and Loss of personal and financial data through interactions with malicious websites.
To manage the risks, NITDA advised users to exercise Caution with suspicious playlists and podcasts and avoid engaging with playlists or podcasts that feature unusual or suspicious text in their descriptions.
It also warned users not to click Unknown Links, and also ensure the Spotify app is updated to the latest version to minimise vulnerabilities.
The agency further advised Spotify users in Nigeria to remain vigilant and adhere to cybersecurity best practices to safeguard their personal information and devices.
According to the agency, the websites posing as OpenAI’s popular AI, ChatGPT, are tricking users into downloading malicious files or software to their devices.
E-Business
Konga Yakata’s Last Week: Don’t Miss Out on Incredible Deals
Excitement is reaching a fever pitch among shoppers as the Konga Yakata Black Friday shopping fiesta enters its final week. Shoppers nationwide are gearing up for a rain of last-minute deals and irresistible offers, with the promotion set to end on Saturday, November 30, 2024.
The month-long Konga Yakata campaign, which kicked off on Friday, November 1, has delivered an unparalleled shopping experience, treating customers to incredible discounts, engaging promos, and unbeatable incentives.
In addition to massive price cuts across a wide range of products, Konga has thrilled shoppers with exciting events such as Treasure Hunts, Flash Sales, Bargain Bash, Brand Days, and specialized Black Friday packages like the Budget Store, Under 50k Store, and TGIF Epic Drop.
The highlight of the Yakata 2024 season will be this year’s Black Friday, which takes place on Friday, November 29. Thousands of customers will be able to score exclusive discounts on items including electronics, clothes, home appliances, computers, and groceries.
Reflecting on the experience so far, a satisfied anonymous shopper who snagged a TV at a discounted rate said, “Konga Yakata has been nothing short of amazing this year. The discounts are unbelievable but true, and the convenience of shopping online is unmatched.
“I’ve already made several purchases, and I’m excited to see what other deals are in store for the final week.”
Konga’s Black Friday sale has been a boon for consumers, offering respite from the economic challenges many Nigerians face. By providing access to affordable products and services, Konga has empowered shoppers to make the most of their money.
Despite the prevailing economic challenges, shoppers have embraced the Yakata season, targeting high-value deals and leveraging Konga’s tailored offerings to make significant savings. With the countdown underway, the excitement is expected to hit its peak on Friday as customers traditionally wait for that day to grab the most exclusive deals.
Speaking on the heightened anticipation, Kunle Ajani, Group Head of Marketing at Konga, stated, “We’re thrilled with the overwhelming response to Konga Yakata this year, and we’re committed to ensuring the final week delivers the biggest surprises yet.
“We are proud to offer a platform where shoppers can enjoy exceptional value, despite the economic realities.”
As the curtain closes on the 2024 Yakata season, shoppers can look forward to a flurry of last-minute deals, culminating at midnight on November 30. From tech enthusiasts to lovers of electronics and deal hunters, Konga Yakata continues to redefine the shopping experience, making it a season to remember for all Nigerians.
Take advantage of the final week of Konga Yakata. Visit Konga.com and experience the thrill of shopping at unbeatable prices.
E-Business
NITDA DG Harps on the Role of Innovation in Nigeria’s Sustainable Development
Kashifu Inuwa CCIE, the Director General, National Information Technology Development Agency (NITDA), has reiterated the critical role of innovation in driving Nigeria’s sustainable development, economic diversification, and global competitiveness.
Inuwa made this remark while delivering a keynote address at the 8th Annual Research Fair and Exhibition of Nasarawa State University, Keffi (NSUK), where he called on academia, industry leaders, and policymakers to embrace disruptive transformational innovation as a tool for addressing the nation’s challenges and unlocking its immense potential.
Speaking on the theme, “Disruptive Transformational Innovation; Shaping the Future,” Inuwa commended NSUK for organising an event that aligns with Nigeria’s pursuit of growth through knowledge-driven solutions.
Inuwa who was represented by the Deputy Director, eGovernment and Digital Economy Development Department, Engr Ya’u Garba, applauded the university’s increasing focus on transformation, noting that such initiatives reflect an understanding of the need for impactful innovations to address real-world issues.
Inuwa emphasised that while inventions remain a cornerstone of academic inquiry, their significance lies in their ability to move beyond theoretical exploration to become practical innovations. These innovations, he explained, have the power to reshape industries, tackle societal challenges, and accelerate national progress.
He urged institutions to prioritise creativity and bold thinking, ensuring that research outputs translate into tangible benefits for society.
Explaining the concept of disruptive transformational innovation, Inuwa described it as a profound force capable of altering established systems, processes, and products in ways that redefine societal functions. Unlike incremental innovations, which focus on improving existing frameworks, disruptive innovations introduce entirely new paradigms, addressing challenges in groundbreaking and previously unimaginable ways.
He cited historical examples such as the Printing Press, the Steam Engine, and Electricity, which have significantly transformed human existence and set the foundation for modern development.
Inuwa pointed out that Nigeria’s abundant human and natural resources present a unique opportunity to harness innovation for sustainable development. He called for a collaborative approach involving academia, industries, and government to build an environment that nurtures creativity, supports bold investments, and encourages inclusive growth. Such an ecosystem, he said, is vital for fostering homegrown innovations that can propel Nigeria to the forefront of global technological and economic advancements.
He further highlighted NITDA’s dedication to fostering innovation through various initiatives, including the National Adopted Village for Smart Agriculture (NAVSA) to digitally transform the agricultural sector, the National Blockchain Adoption Strategy to enhance digital trust and transparency, and the National Artificial Intelligence Strategy aimed at building a robust AI ecosystem in the country, among other impactful projects, which are part of the Federal Government broader strategy to position Nigeria as a leader in the global knowledge economy.
Inuwa also urged NSUK to deepen its commitment to innovation by establishing hubs that support facility-led startups, fostering collaborations with industry stakeholders, and equipping students with essential technological skills. He noted that such efforts would not only empower the university community but also contribute significantly to national development.
Inuwa expressed confidence in Nigeria’s ability to not only adopt global innovations but also create groundbreaking solutions that could influence the trajectory of Africa and the world.
He called on all stakeholders in the country to embrace the transformative power of innovation in order to drive sustainable development, economic diversification, and global relevance.
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