General News
Slash Internet Licensing Fees for Affordability, Access- Oyedokun

Dr Oyewole Oyedokun, president / chairman, Governing Council at Institute of Information Management – Africa, started hi professional career in the late 90s .
He is also the president, RIMA Foundation (Nigeria & South Africa) and WM and managing director/CEO, Wolexdok Micro-processor.
Oyedokun has received different international awards for his contribution towards the development of the Information Management industry in Nigeria and Africa.
He spoke to peter ugwu on matters of urgent importance in the cyber space, national database, among others, in Nigeria.
Relevance of Information Managers in Big Data Era
The advent of Big Data has buttress the need for proper records and information management. What is the essence of us having data or information that cannot be utilized for better decision-making? How do we make the retrieval easy?
These are some of the issues that Big Data has brought to the table. Every company that want to make adequate usage of Big Data must have Good Information Governance (GIG); that is, you know what you have, where they are located, the person that is in-charge, the retention period, the corporate format to keep the information, these must be in place for individuals or organizations to have control over information they have.
Government and Proper Information Management
First, I will commend the Federal Government and the lawmakers for passing the Freedom and Information (FOI) Bill into law.
I can say authoritatively that the process has changed the game. In the past, most Government Institutions do not see the need for records management due to lack of openness in governance. This led to secrecy with certain information management.
The passage has sent a positive signal to workers in the public service as the law requires them not to stop the public access to certain documents.
But, on the implementation government is not doing enough. Beyond just ordinary training, information management training is an essential ingredient to ensure the FOI regime becomes a reality.
Without GIG, retrieval becomes an issue while individuals require certain documents.
The government has the largest part of information generated in the country. So, training of workers ought to be a continuous process.
Synergy between Information Management and Information Security
Well, information management an umbrella also caters for information security. When we refer to cyber space, it is just a medium.
Physical environment is another medium. So, if you have GIG in place, then you can have principles guiding the cyber space and the information physical environment.
At this juncture, it is pertinent to note that for you to have control over the cyber space; you ought to have developed a functional physical space.
It is what you have physically that will be transformed into digital content. Today, quite a number of organizations in Nigeria do not event have information management policy; they do not understand the specifications, standards, procedures, manuals.
If you have employee handbook, then you should a kind of manual that guide information management, so that you can get it right from the time data is generated through disposal which is regarded as information life-cycle.
For instance, there are information that are permanent in nature; in as much as such organization exists it must be there.
Hence you do use them regularly, they should be archived in an off-sight location, which could be physical or in the cloud.
Information Management Policy Negligence
By not having the policy in place, you will be exposing the organization to risks. The risks include information theft, penalties by regulatory authorities, legal tussles, and efficiency becomes a nightmare.
Such organization will discover that the staff spend time and resources searching for information they may end up not able to lay hands on.
It could cost the company a whole lot of revenue. When I was still in the oil & gas sector, there was a particular document that the company needed; they ended up spending millions of dollars to get a copy from the original designer of a particular project. It was just an A4 document.
The issue of storage becomes problematic too, because at a point you wouldn’t know which document to keep or dispose.
This is prevalent in public sector where rooms are designate for stack of old documents and files. Those spaces would have been put to use for other arrangements. They are even stored that retrieval is difficult; hence there is no classification or proper arrangement.
Message of InfoSecurity Conference 2014 And Nigeria’s Cyber Security Bill
It was a wonderful experience. Part of the sessions I attended the minister of Internal Affairs (UK), said something that drew my attention.
According to him, 10% of UK’s gross domestic earnings come from the cyber space. This is something we should be looking at.
We want to build or develop our economy, then, of what benefit has the cyber space been to us? How well are we taking the advantage?
A country like UK achieving 10% of their GDP through the internet, it means we can do better. Here, we have a lot of resources: human, natural resources and even the finance, and commodities we can invest online. The government could generate revenue from that.
To me, some of the take-homes from the conference actually came from that message, because, we are taking things with levity.
For the fact we have oil, we seem to be blindfolded in exploiting other sectors for employment generation, investment opportunities and increase in GDP.
Aside that, there are technologies trending presently that organizations in Africa should be tapping into. For instance, data analytics, I was stunned by some of the solutions I saw there, because there are so many things you could do.
We are emphasizing on cyber security, there are technologies that help in shedding off hijackers along the line. Even if they succeed in hijacking it, the hackers wouldn’t have access to the content, because they are encrypted.
There are some that even if I mistakenly send you an email, and discover it, I could swiftly block it from my end. You will receive it but with no access to the content.
There are software that could aide to track if your email was delivered or opened by the other party. In fact, there are several technologies that cloud has provided us with today, reducing stress on organisations’ infrastructure and resources.
Benefit from Cyber-Entrepreneurship
Foremost, government has a lot of works to do. They need to encourage local software developers. Secondly, the entrepreneurs need an environment that protects their interest before they can excel.
We have a number of them that with little support from government they will build amazing software. I have seen locally developed applications that you would never believe are developed in Nigeria.
If we were able to do that, other countries will subscribe to them, are we not earning foreign exchange by then? It will help our economy to blossom.
To individuals, the cyber space has created a lot of opportunities. If you have products or services, you could launch them online. Without restrictions, clients could be coming from different part of the world. It has really bridged the digital divide.
This innovation has even heightened with the cashless policy introduced by the Central Bank of Nigeria (CBN). It is one of the major requirements for people to thrive in e-commerce.
Recently, Paypal came into Nigeria. To me, that was a major breakthrough for this economy. It has increased the confidence or trust level of outsiders with regards to Nigeria. Before now, transacting an online business has been a nightmare.
Then, you must visit the banks for transfers. Banks would also delay in approving certain conditions for the transactions to go through. But Paypal has come up with a very simple system where you just link your bank account even in local currency. It makes life easier and seamless.
Internet Availability and Affordability
To me, we still have a lot to do in that area. There is need for more companies’ participation in the sector.
To do this, the licencing fees should be slashed, because for any industry to thrive, we need competition.
By the time we have increased number of service providers, the cost will drop automatically. The monopoly few players are enjoying is responsible for the high subscription costs.
Should we have more investors, the country will be surprised with the kind of services they will roll out.
National Identity Management Project
It is a wonderful development, because we have been craving for this for a long time. And for the very first time, Nigeria will seem to be on track. But my major concern the partnership with the international organization.
Enactment on a policy for Information Protection & Privacy (IPP) is something that the government needs to take cognizance of.
As a country, we cannot entrust our data into the hands of corporate entity like the company they are partnering with. If they have to toe that part, it means our information are not protected. Before going into this, the government ought to have put a policy in place. Nigeria, as a country, do we have information privacy policy? It’s not in place. What do we think will govern our relationship with these international organizations?
What will govern the way and manner our government will entrust data in their hands? How well are we protected? Before they go into full implementation, I would want the Nigerian government to look into this privacy act. These are very key.
General News
World Bank Announces $800m Support for Nigeria’s CCT Initiative

The World Bank on Tuesday disclosed plans to support Nigeria with $800 million to boost the Conditional Cash Transfer (CCT) initiative of the present administration.
Mr. Ousmane Diagana, Vice President of World Bank in Western and Central Africa, stated this in Abuja, during a meeting with Professor Nentawe Yilwatda, minister of Humanitarian Affairs and Poverty Reduction; Hon. Yusuf Tanko Sununu, minister of State for Humanitarian Affairs and Poverty Reduction; and Dr. Yakubu Kofamarta, permanent secretary.
While giving update on the initiative, Mr. Diagana said the delegation is Nigeria’s assess to the level of progress and challenges of social investment programme in the Ministry and pledged to support the initiative to meet the desired objective of reducing poverty in Nigeria.
While stressing the Bank’s support for Nigeria as a developing country to provide quality services by continuing to create jobs among others for the Citizens, he disclosed that World Bank has “a very large programme here in Nigeria worth more than $17 billion.”
Yilwatda, minister of Humanitarian Affairs and Poverty Reduction, described the World Bank as a dependable partner and maintained that the Ministry would continue to collaborate with relevant agencies including the United Nations with a view to ensure that more funds are provided to reduce poverty in the country with a target of 15 million households.
While applauding the clear leadership being provided by President Bola Tinubu for the success of the social investment programmes in the country, the Minister explained that “everybody who is going to benefit from this conditional cash transfer will be given a digital identity, so you have digital trust.
“And that is not just identity, but it’s a social inclusion and financial inclusion to hundreds and thousands of Nigerians who before now were not socially inclusive. They were not also financially included in Nigeria.
“You know, having over 70 million of Nigerians who before now have no account numbers, have no identity, you cannot trace their homes; you can’t trace their addresses.
“And today, while you’re taking all their homes, we also give digital identity, and we’re paying them conditional cash transfer.
“This the largest financial inclusion ever the history of Nigeria, and this is a bold step by Mr. President to ensure that the effect of the reforms that the government is doing is also being cushioned by this social investment that we’re having in the country.
Professor Yilwatda disclosed that the administration is “targeting 15 million households. Nigeria has roughly about we have roughly about 41 to 42 million households, the total number of household that we have in the country. So we are targeting 15 million households out of these 42 million households.
“So, if you look at the numbers, it means we are doing roughly about the neighborhood. Over 30% of the households that will benefit from this conditional cash transfer.
“Multiply that number by five, we’re taking off roughly about 60 million people will benefit from this conditional cash transfer, that’s targeting about 60 million people.
“15 million households, targeting about 60 million individuals within the households.
“Now if you look at these numbers, because the numbers are saying that roughly about 42% of Nigerians are living in poverty, those numbers simply shows that roughly about 90 million people, which means this cash transfer alone is targeting almost over 70% but people who are living under poverty in Nigeria by this conditional cash transfer, which is the largest ever in the history.”
According to him, each of the CCT beneficiaries is to receive the sum of N75,000.
“Already we’ve paid almost 6 million people, almost 6 million households, targeting about 30 million people have already been paid, and there are already evidences.
“We are going to even do a media talk for the to see the communities, because we are covering about 230,000 communities, cutting across all the 774 Local Governments, which means that, averagely almost every community in Nigeria has been captured under that is on this programme, and every village in Nigeria has been captured under this programme, and every village has a beneficiary. Every committee has beneficiaries across the entire country.
“I think this one of the most extensive program that has covered the entire country, you know, and effectively also, because the people that were targeting this program, we actually community based.
“So each village selected people that they are poor in the village, the women, the youths and the men, independently selected people that they feel they are poor, and they brought the name together.
“It is a community that signed off the name and sent to us. So they are not names from us, but their names from the communities that came up to us.
“And that’s why is the best way of targeting people when the village itself feel they can select the people that are poor within themselves, and they should be supported.
“So it is the communities that are telling us that these are people that you can support. So, we are supporting people that have been given to us by individual communities.”
General News
CSCS Reports Strong 2024 Results as PBT Rises by 24%

Central Securities Clearing System (CSCS) Plc has released its audited consolidated and separate financial statements for the year ended December 31, 2024, delivering a robust performance marked by double-digit growth in revenue and profitability.
Total revenue surged by 37 percent to N26.1 billion in 2024, up from N19 billion the previous year. Profit before tax also rose significantly, climbing 24 percent to N13.8 billion, compared to N11.2 billion in 2023.
The impressive results were largely driven by a 62 percent year-on-year increase in fee-based income, which rose to N11.9 billion from N7.3 billion, fuelled by heightened capital market activity. Ancillary services also contributed strongly, growing 27 percent from N8.1 billion in 2023 to N10.3 billion, buoyed by optimised service delivery and increased customer engagement.
CSCS maintained a strong balance sheet, with total assets rising 22 percent to N64.4 billion from N52.8 billion in the previous year. Key financial ratios also improved, with return on average equity at 30 percent, return on average assets at 20 percent, and earnings per share increasing to 239 kobo from 202 kobo in 2023.
Temi Popoola, chairman of the Board of CSCS, praised the performance amid a challenging economic climate.
“Despite the macroeconomic headwinds of 2024, we delivered strong results across key financial and operational indicators. Our strategy of consolidating our core offerings while expanding into new business areas enabled us to grow gross earnings by 37 percent, reaching N26.1 billion”.
Popoola added, “In light of this strong performance and our commitment to delivering long-term value to shareholders, the Board has proposed a dividend of N1.76 per share, amounting to a total payout of N8.8 billion.”
Haruna Jalo-Waziri, Managing Director and Chief Executive Officer of CSCS, emphasised the resilience and adaptability of CSCS’s business model. “Our 2024 performance highlights the sustainability of our revenue streams across both traditional and emerging segments.
“We continue to diversify into new areas and leverage technology to enhance scale and capacity in line with our strategic objectives. Amidst economic challenges, we grew operating income by 44 percent to N22.2 billion, while maintaining a cost-to-income ratio of 47 percent, reflecting our focus on operational efficiency.”
General News
NITDA, SecDojo Forge Partnership to Strengthen Nigeria’s Cybersecurity Resilience

National Information Technology Development Agency (NITDA) has signed a Memorandum of Understanding (MoU) with SecDojo, SAS, a France-based cybersecurity training company, during the GITEX Africa 2025 event in Marrakech, Morocco.

L-R: Director General of NITDA, Kashifu Inuwa CCIE, and Chief Executive Officer of SecDojo, Mr. Younes Benzagmout at the signing ceremony, which took place during GITEX Africa 2025 in Marrakech, Morocco.
This collaboration aims to bolster Nigeria’s cybersecurity framework through targeted capacity-building initiatives.
The partnership will focus on establishing a Cybersecurity Academy, delivering advanced training programs, developing customized curricula, and fostering research and professional exchange.
NITDA’s Director General, Kashifu Inuwa, emphasized the importance of investing in human capital to drive Nigeria’s digital transformation and address the global shortage of cybersecurity professionals.
He highlighted Nigeria’s youthful population as a key asset in filling this talent gap.
Inuwa also advocated for integrating digital literacy and cybersecurity training into Nigeria’s formal education system, calling for collaboration between technology stakeholders and the Federal Ministry of Education.
He stressed the need for systemic integration of digital skills into academic curricula to prepare for the future.
SecDojo’s CEO, Younes Benzagmout, expressed enthusiasm for the partnership and reaffirmed the company’s commitment to supporting Nigeria’s cybersecurity professionals.
This collaboration marks a significant step toward securing Nigeria’s digital economy and enhancing its global competitiveness.
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