E-Business
Intel Marks International Day for Women with Entrepreneurship Training
The need to bridge the gap in access to basic Information and Communication Technology (ICT) between men and women has been identified as critical to the attainment of the Millennium Development Goal (MDG).
The gap has also been discovered to contribute to the failure of Nigeria to fully realize its potentials and become a major economic bloc in the African sub Region.
This was the conclusion of speakers at a three day technology and entrepreneurship training forum for the 21st century woman which held in Lagos on Friday.
The forum was put together by leading global technology company, Intel Corporation and Women’s Technology Empowerment Centre (W-TEC) as part of the corporation’s commitment to nation building as well as empowering the 21st century woman.
The three day free training was meant to encourage both aspiring and female entrepreneur develop soft skills especially in areas of information and communication technology so as to be better positioned to compete, favorably with their male counterparts from around the world.
In her remarks at the workshop, Oreoluwa Somolu, executive director, The Women’s Technology Empowerment Centre, stated that “Entrepreneurial forces are relatively strong in this country with women being at the hub of entrepreneurial activities.
The lack of jobs and the rise in poverty leave few other options for the average Nigerian more so the Nigerian woman.
However there appears to be a critical role and place of technology in entrepreneurship towards the advancement of the nation, for which the woman plays a critical role.”
Somolu also stated that such an initiative with women empowerment as its focus is a welcome development and hailed Intel Corporation for throwing its weight behind the workshop. She added that for long issues bordering on women empowerment has been treated as trivial.
Also speaking, Osagie Ogunbor, Corporate Affairs Manager of Intel, noted that the initiative was borne out of the desire to stimulate interests in entrepreneurship as an approach to establish businesses that will strategically place women on a globally competitive level and ultimately reduce the increasing unemployment problem in Nigeria.
“Empowering women through information and communications technology has been considered as critical to the attainment of the Millennium Development Goals in Nigeria.
The disparity between men and women in Nigeria with regard to access to basic ICT services has been a gross limitation to the country becoming a major economic bloc in the African sub-region and indeed the world.” He stated.
Ogunbor also noted that as women about to enter or already fully functional in the labour market, the possession of technical knowledge on its own would not suffice, but ownership of complementary life skills to deliver the highest possible value in any field of endeavor was the ultimate task.
Ogunbor further stated that Intel is working closely with the Women Technology and Empowerment Centre (W-TEC) to further encourage the growth of individual businesses as part of a solution to unemployment.
The initiative according to Ogunbor is one of several other technology and education based initiatives championed by Intel towards improving the quality of life of people around the world.
He concluded by reiterating that Intel is working closely with the Women Technology and Empowerment Centre (W-TEC) to further encourage the growth of individual businesses as part of a solution to unemployment.
E-Business
Microsoft to Boost AI Growth with $80Bn Investment
Microsoft has announced plans to invest $80 billion in the 2025 fiscal year to expand its data centre infrastructure.
The investment will focus on supporting the training of artificial intelligence (AI) models and the deployment of AI and cloud-based applications.
The company disclosed this initiative in a blog post on Friday, emphasising its commitment to advancing AI and cloud technology.
Since OpenAI launched ChatGPT in 2022, investment in AI has surged as businesses across sectors strive to integrate artificial intelligence into their products and services.
AI requires enormous computing power, pushing demand for specialised data centres that enable tech companies to link thousands of chips together in clusters.
Before now, Microsoft has invested billions of dollars to enhance its AI infrastructure, broadening its data centre network.
Analysts project Microsoft’s fiscal 2025 capital expenditure, including capital leases, to reach $84.24 billion, according to Visible Alpha.
The company’s capital expenditure in the first quarter of the fiscal year rose by 5.3% to $20 billion.
As the primary backer of OpenAI, the tech giant is considered a leading player among Big Tech companies in the AI race, owing to its exclusive partnership with the AI chatbot developer.
More than half of Microsoft’s $80 billion investment will be allocated to the United States, Brad Smith, vice chair and president noted in the blog post.
“Today, the United States leads the global AI race due to the investment of private capital and innovations by American companies of all sizes, from dynamic start-ups to well-established enterprises,” Smith remarked.
E-Business
NDPC to Impose Heavy Fines on Defaulting Data Processors, Controllers this Year
Nigeria Data Protection Commission (NDPC) has announced plans to significantly ramp up enforcement and impose substantial fines on data controllers and processors that violate the Nigeria Data Protection Act (NDPA) of 2023.
This was disclosed by Dr Vincent Olatunji, national commissioner/CEO of the Commission, in a video message outlining the Commission’s 2025 agenda, shared on the agency’s social media platforms.
A statement issued by the Communications Division of the Commission on Friday quoted Dr Olatunji as saying that, “For data controllers and processors, there is going to be massive enforcement. We have never really issued any fine, but going forward, you’ll hear us giving heavy penalties.”
He assured Nigerians that their data rights, as guaranteed by the NDPA, will be fully protected, and defaulting data controllers and processors will face strict consequences.
The Commissioner highlighted the NDPC’s extensive engagements with stakeholders across public and private sectors to promote awareness and compliance with the Commission’s mandate.
The efforts, he said, have resulted in the signing of Memorandums of Understanding (MOUs) with key organisations, including the National Insurance Commission (NAICOM), National Lottery Regulatory Commission (NLRC), the Data Privacy Office of Canada, and the Dubai International Financial Centre Authority (DIFC), among others.
Dr Olatunji also shared that the NDPC will advance to the second phase of its Strategic Roadmap and Action Plan (NDP-SRAP 2023-2027) in 2025.
This phase is expected to create job opportunities within Nigeria’s data protection and privacy ecosystem, particularly for young people.
The Commission has been actively training Nigerians in data protection and privacy, creating a pool of globally competitive experts within the data protection sector in 2025.
“There are a lot of data controllers and processors that are looking for people to work with them. Now those that we have trained in 2024, those we have certified, we are going to do more this year to actually launch them to the job market where they can really work with data controllers and processors,” he said.
Additionally, the NDPC will continue nationwide efforts to promote data protection awareness.
The Commission aims to educate citizens about their rights and the importance of data privacy while reminding data controllers and processors of their obligations under the NDP Act.
Dr Olatunji emphasised that these initiatives are part of the broader goal to embed a culture of data protection and privacy in Nigeria.
As part of its international engagement efforts, Nigeria will host the “Network of African Data Protection Authorities Conference” in May 2025, with over 40 nations with existing data protection laws expected to attend.
According to Dr Olatunji, this global event will position Nigeria as a leader in the data protection ecosystem, and bring significant economic benefits to the country.
The NDPC reiterated its commitment to ensuring data protection and privacy become integral to Nigeria’s digital landscape, building trust and fostering economic growth, the statement added.
E-Business
NIPOST Reports 275 Percent Revenue Growth in 2024
Nigeria Postal Service (NIPOST), achieved a 275 percent increase in revenue for the year 2024, according to Tola Odeyemi, postmaster general.
At the beginning of the year, NIPOST set an ambitious target of generating N10 billion in revenue.
Although specific figures for the end of the year were not disclosed, the reported increase suggests a significant recovery for the postal service, which had previously faced consistent decline.
Odeyemi, who made the disclosure while listing NIPOST’s achievements for the year recently, attributed the growth to a series of reforms aimed at enhancing service quality and eliminating revenue leakages
The NIPOST boss detailed the steps taken to boost revenue, noting the implementation of Point of Sale (PoS) terminals in high-transaction areas, which has streamlined payment processes and improved customer experience.
She said, “One of the major achievements for us in 2024 has been a 275% increase in revenue from 2023. We achieved this by plugging a lot of the revenue leakages that we have by deploying PoS terminals for payment in our high transaction areas, as well as ensuring that our quality of service goes up.”
Looking ahead, Odeyemi outlined NIPOST’s plans to sustain this growth trajectory.
She said the organisation has embarked on renovations and upgrades of key locations in Abuja, Lagos, and Kaduna, alongside enhancements to the Postal Institute, which is central to the agency’s change management initiatives.
Furthermore, she stated that NIPOST is gearing up for several major developments in 2025, including the rollout of a national addressing system and digital postcode services, specialised logistics for agriculture and healthcare, and a relaunch of its financial services.
“There will be infrastructure upgrades, which will take place across the Federation and there will be an increase in access to government services through your local NIPOST location,” she said.
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