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Data Science Nigeria to Raise New Generation of Datapreneurs

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Bayo Adekanmbi.
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Young Nigerians in their hundreds participated in the maiden workshop for the Data Science Nigeria aimed at positioning the country to benefit from the growing global importance of data and data science in proffering solutions to the myriads of human challenges.
 
Speaking at the workshop in Lagos, the convener and moderator of the event, Bayo Adekanmbi, a C-Level Executive with MTN Nigeria, informed the capacity filled audience that the initiative, a professional-led approach is designed to train and mentor young Nigerians through face-to-face, virtual online classes, project-based support and holiday boot camps.

The ultimate intent of which is to raise a special breed of entrepreneurs who will set up data science based businesses and attract foreign exchange to the nation.

Adekanmbi disclosed that the initiative is a give-back project premised on what he has learnt across the world especially during his recent one-year PhD research sabbatical in the UK,  India and America said, “India is already tapping into the Data Science space and I believe Nigeria can become Africa’s data science outsourcing destination with our brilliant undergraduates, graduates and young analysts with degrees in Engineering/Sciences and other numerate subjects”.

According to him, data and data science will become the oil of the 21st century and Nigeria must join the league of countries that will be positioned for comparative advantage in data science. The workshop assembled leading lights in Data Science to mentor participants as panelists. These include Ngozi Dozie of OneFi Nigeria, Dr. Femi Oyenuga of Oracle, Seun Onigbinde of BudgIT and Iyinoluwa Aboyeji, Founder, Andela while a US-based Nigerian leading data scientist and IBM Distinguished Engineer/Chief Data Scientist,   Dr. Uyi Stewart inspired and motivated the audience with his presentation titled: Leveraging Data Science to enable Nigeria Leapfrog”

The panel analyzing the growing importance of data science submits that countries, organizations and individuals need to make smart and sharper decisions, to do these “they need data and data scientists”.  According to them, data science is the potpourri of information and insights intelligently brought together to add value to human life. This can be done by studying pattern over time in a bid to build intelligence.

However, to become proficient in data science, both soft and technical skills are needed. These include natural curiousity, communication, romance with data and attention to details.

Attention to details is critical, emphasized the Aboyeji (Andela) unfortunately, not many Nigerians are good at this, he said, “the world is still a secret, you make money by identifying those secrets and proffering solutions to solve the challenges”.
 
Delivering his keynote, Dr. Uyi who currently holds 10 patents in the US, said: “Nigeria is at the tipping point with two choices open to her: investing in infrastructure or invest in data which is technology that will bring about transformational change through killer applications”.

“Investing in infrastructure will only bring about incremental change, this is where most of us are right now” said Dr. Uyi “If we decided to invest in infrastructure we choose to compete with the Chinese, we have to maintain the structure unfortunately, we do not have maintenance culture. We can achieve progress through data not infrastructure”, he submitted.

According to the IBM Chief Scientist, “Data is the new basis of comparative advantage”, he disclosed that we are surrounded by a sea of data with 2.5 Gigabytes of data generated every day.

Considering the scenarios, “Nigeria’s immediate and strategic opportunity is to leapfrog to the next wave of IT by leveraging technology and cognitive system”, Dr. Uyi advised, adding that there should be a sense of urgency for data and data science. To make progress, he said participants must innovate on how they collect data, curate data, run analysis and the custom ability of the insights generated.

According to the data expert, Nigeria has a high potential for disruption through business model and technological innovation.

He cited models where data have been used as bedrock to bring about breakthrough developments in Agriculture (Kenya), Health –Ebola (Sierra Leone) and education. Other uses of data include e-government, smart city planning, security, tourism, to mention but a few.


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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E-Business

Firm Finds Leaked Netflix, Roblox and Discord Accounts Registered on Corporate emails

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Employees may also use corporate emails to register for personal accounts on marketplaces and social media, increasing the risk of account theft and corporate security breaches, according to a study by Kaspersky Digital Footprint Intelligence.

Kaspersky shares these findings and suggests key cybersecurity practices to mitigate the risks of credential leaks.

Kaspersky experts analysed compromised credentials leaked on the dark web between 2019 and 2024 for three popular entertainment platforms: Roblox, Discord and Netflix. The analysis revealed that, on average, 7% of users whose accounts were leaked had registered on these platforms using a corporate email address.

“Registering on various services for personal use with a work email is not best practice. First, you may lose access to these accounts if you change jobs. Second, it can pose security risks for both you and your company.

“If your passwords follow a predictable pattern across different services – for example, ‘Word2025!’, where ‘2025’ is a recurring part – it increases the likelihood of other accounts being compromised, including your work account, should your corporate email be exposed in a dark web leak,” explains Sergey Shcherbel, expert at Kaspersky Digital Footprint Intelligence.

Kaspersky experts also found that bank employees most commonly registered their work email addresses on streaming services, marketplaces and social networks. In a few cases, corporate emails were also used as logins on gaming platforms and adult content websites.

Corporate email usage on entertainment platforms: statistics from a sample of 50 banking sector companies.

To conduct this study, experts compiled a sample of 50 banking sector companies and examined compromised credentials leaked on the dark web, identifying those linked to the corporate domains of these companies across five categories of popular platforms.

Learn more in the report. In light of this growing infostealer threat, Kaspersky has launched a dedicated landing page to raise awareness of the issue and provide strategies for mitigating associated risks.

If you encounter a data leak through infostealers, the following steps should be taken immediately:

  • Change compromised account passwords and monitor for suspicious activity associated with those accounts.
  • Run full security scans on all devices, removing any detected malware.
  • Companies are recommended to monitor dark web markets proactively to detect compromised accounts before they pose risks to customers or employees. A detailed guide on setting up monitoring can be found here. Leverage Kaspersky Digital Footprint Intelligence to track what cybercriminals know about your company’s assets, identify potential attack vectors, and implement protective measures in a timely manner.
  • As an enterprise, implement a security awareness program for employees, including regular training and performance assessments. Enforce a strict password policy for all corporate resources to reduce the risks of encountering credential-related cyber threats.

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NDPC, Mastercard Partner to Strengthen Data Protection

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Dr. Vincent Olatunji, commissioner, NDPC and Derek Ho,deputy chief privacy officer, Mastercard
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Nigeria Data Protection Commission (NDPC) has signed a Memorandum of Understanding with Mastercard to enhance data protection in Nigeria.

Dr. Vincent Olatunji, commissioner, NDPC and Derek Ho,deputy chief privacy officer, Mastercard

The agreement was sealed during a workshop where 150 Data Protection Officers (DPOs) were trained on Data Protection Impact Assessments (DPIAs).

Dr. Vincent Olatunji, commissioner, NDPC, said the event kicks off activities for the 8th NADPA conference, highlighting government efforts to train more certified DPOs.

Olatunji also disclosed the Federal Government’s commitment to increasing the number of certified DPOs with the required skills to manage data protection.

He noted that Nigeria’s digital-savvy youth are key to driving this agenda.

“Human capital is really key to us, and the ecosystem we are regulating is very special. It is still new, still emerging, and we need all we can to build the capacity of officers.

“We want to build the capacity of our people so we can be able to deliver on our mandate and fully deepen privacy in Nigeria.

“We are targeting to build the capacity of 250,000 DPOs annually, and we are working with partners like Mastercard to achieve that,” he said.

Derek Ho,deputy chief privacy officer, Mastercard,  also stressed the need for collaboration to build trust in the digital economy and urged participants to embrace training as data protection keeps evolving.

 

 


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CSCS Launches *7270#, USSD Code Service

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Central Securities Clearing System PLC (CSCS) has announced the launch of *7270#, its Unstructured Supplementary Service Data (USSD) code service, set to go live on May 8th, 2025.

CSCS Launches *7270#, USSD Code Service

The USSD code service is an innovative solution designed to enhance the ease and accessibility of investment services for all users.

Also, this service leverages the network capabilities of MTN Nigeria to bring unparalleled convenience to investors.

Driven by a relentless commitment to innovation, CSCS aims to revolutionize information access within the Nigerian capital market through this USSD code service.

As the Central Securities Depository (CSD), CSCS focuses on enhancing investor experiences and providing deeper market insights with unparalleled convenience.

The CSCS USSD code service offers seamless access to essential market information directly from mobile phones, eliminating the need for internet connectivity or specialized trading platforms.

Investors can now effortlessly retrieve Clearing House Number (CHN), check Direct Cash Settlement (DCS) status, view stock positions, account balances, and account status confirmations.

Haruna Jalo-Waziri, managing director/chief executive officer of CSCS, said ” We are excited to launch the *7270# USSD code service, a significant step in leveraging mobile technology to democratize access to account and portfolio information.

“This service empowers every investor, regardless of their location or resources, to stay informed about their investments. At CSCS, we believe that financial inclusivity is key to driving economic growth.

“Our partnership with MTN Nigeria on this project represents a significant leap toward a more inclusive financial landscape, leveraging the spread of the MTN network.

“This collaboration enhances the investing experience, reinforcing our shared commitment to empowering individuals with the tools they need to manage their financial futures effectively.” he added.

The CSCS USSD code service will initially be available to MTN users only. However, CSCS plans to expand this service to other networks soon.

This innovative service offers investors streamlined and secure access to critical market information at their fingertips.

Aisha Umar Mumuni, chief digital officer of MTN Nigeria, said, “This collaboration with CSCS on the *7270# USSD service underscores MTN’s commitment to harnessing the power of mobile technology to simplify complex processes for our users.

“By making critical investment information available at the touch of a button, we are helping to democratize access to the capital markets and, in the process, enhance investor engagement and market transparency,” she said.

CSCS continues to lead the way in technological advancements, reinforcing its position as a pivotal player in the Nigerian capital market ecosystem.

This initiative underscores our dedication to enhancing market efficiency and empowering investors with the tools they need for informed decision-making.

 


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