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Expert Urges More Investments in Technology in Solving Problems

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Mrs Roseline Ilori, a technology enthusiast, has reiterated the need for government at all levels as well as stakeholders in investing massively in technology; not just software development, but in robotics, artificial intelligence, bio-medicine, voice biometrics and a host of other technology spectra.

Ilori, the founder and Chief Executive Officer (CEO) of Bridge57 Solutions Limited, made the call in a statement in Lagos.

According to her, such investments will shore up manufacturing competitiveness via authentication and traceability of goods and services, improve physical security and cyber security, among others.

Ilori said that government needs to be more proactive in making the Nigerian technology environment more friendly, seeing that the growth and young people’s interest in technology were massive.

She noted that Nigerian technology experts were the most sought-after in developed economies as the relocation syndrome had taken up to half of the technology brains the country possessed.

“The fact is that the environment we are in is not conducive enough for technology to thrive, so the government has to do more in that regard to bring out more technology to the fore.

“The ‘Japa Syndrome’ has been a major challenge affecting our human capital potential, hence, the need to grow more of these professionals internally so that when some leave, many more would be around to keep the country going.

According to the Bridge57 boss, Nigeria still lags behind earnestly in terms of innovation as she submitted that, unlike the notion many are having, technology is quite different from innovation.

She noted; “In terms of innovation, we are still very far in Nigeria. For instance, while I had the opportunity to go through some training on innovation in some international organizations, I realized that many people talk about innovation but very few people do innovation as a lot of people don’t really understand what innovation means.

“For technology, yes we are doing well, but for innovation as a practice itself, we still lag behind. Innovation is not just about technology, it is deeper than that. Innovation can be applied to processes, products, marketing and to different areas of business models. But technology can use innovation, when people often mention innovation, people assume that it is technology, but they are two different things. They both need each other in a way to flourish.”

However, the technology expert also advised government to remodel the Nigerian educational curriculum across levels to accommodate the practical aspects of technology to engender early exposure to the nitty-gritty of technology and innovation.

She said that the need to expose, encourage and sensitise the Nigerian child through the educational system from a tender age, was due to the massive economic potential of technology and its ability to solve almost every problem across sectors.

“Technology as of today is beyond computers and smartphones as it encompasses a whole lot which if youths are properly exposed to practice can yield massive economic potential and gains for the country.

“We must, therefore, rework the curriculum to accommodate technology, innovation and robotics beyond the surface use of computers.

“In our universities, a lot is going on technologically that the government can take advantage of, but they must first invest enormous resources right from the universities to open the minds of students to the practical aspects of technology.

“More practical approach that is relatable to real life more than the abstract classes the Nigerian child is used to is what is needed to open up their minds to the endless possibilities of technology,” she said.

Ilori said that government funding upon disbursement must be put to good use to secure the future of technology and educate more persons that were willing to use their intelligence for the development of the nation.

She charged young girls with interest in the technology industry, perceived to be a male dominant industry, to take the bulls by the horn, even if they might be few in number and assert their competencies and capabilities.

“Funding is key and the cash flow is the blood of any business and this is necessary to build start-ups that are innovation-driven.

Speaking on Bridge57 Solutions, where she had implemented diverse business initiatives and products for several organizations, NGOs, and government parastatals using strategic foresight, drive and determination, Ilori said the organisation was established with the aim of organising workshops, using innovative practices, methodology and tools to improve the Nigerian technology environment.

“I have been in the technology space for 18 years now in Nigeria and several other countries in Africa where we have deployed a lot of solutions in the past. I decided to start Bridge57 Solutions because I saw that there are more problems to be solved in Nigeria and in Africa at large.

“Our problems are in abundance if I can put it that way. But where there are problems, there are opportunities as well.

“So I was looking for the opportunity to solve more problems on a more largest scale. That was one of the things that prompted me. I see there are lots of opportunities that would enable more entrepreneurs to be born.

“At Bridge57, there are two pillars; innovation and technology and in between them is digital transformation. Those are the two pillars our business is being built on.

“We have a lot of international partners that we work with that are technology providers. We partner with them in order to bring such technology that does not exist here. For instance, looking at voice biometric for example, we have a solution in voice biometrics. It would surprise you to know that our voices are as unique as our fingerprints.

“We can use that to help people using services but they are not very literate. Some people have problems with remembering their PINs, because they are not literate, and you see people that are not so literate telling people their passwords and therefore exposing themselves.

“These are some of the problems that this technology as simple as might seem can solve. Aside the voice technology, there is a technology that uses artificial intelligence, AI. There is a partner we are working with, we use what we call AI that can identify moving objects. It can actually tell if the person is a male or female. These are some of the innovations we do at Bridge57,” Ilori submitted.


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Firm Warns Against AI Password Generation @ World Password Day

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Most online services and apps require the user to create a password. Chances are many of those passwords are not being used daily and due to this overabundance, there’s a high probability that many of the passwords are being reused.

Poor password management is compounded by a reliance on common combinations of names, dictionary words and numerals. Not only are these passwords relatively easy to decipher, but if a cybercriminal gains access to a password on one site, that could result in access to a plethora of other sites.

People are urged to create unique, random passwords to counter the vulnerability posed by using the same password multiple times. However, password creation and management can be an arduous task.

To tackle the burden of password creation and management, people might be tempted to use large language models (LLMs) like ChatGPT, Llama or DeepSeek to generate their passwords.

The appeal is clear. Rather than struggling to come up with a strong password, users can simply ask AI, “Generate a secure password” and get an instant result.

AI produces strings that look random, which helps avoid the human tendency to create predictable, dictionary-based passwords. But appearances can be deceptive, AI-generated passwords may not be as secure as they appear.

Alexey Antonov, Data Science Team Lead at Kaspersky, tested this by generating 1,000 passwords using some of the more prominent and trusted LLMs including ChatGPT (from OpenAI), Llama (model from Meta group), DeepSeek (newcomer from China).

“All of the models are aware that a good password consists of at least 12 characters, including uppercase and lowercase letters, numbers and symbols. They report this when generating passwords,” says Antonov.

“In practice, though, the algorithms often neglected to insert a special character or digits into the password: 26% of passwords for ChatGPT, 32% for Llama and 29% for DeepSeek. While DeepSeek and Llama sometimes generated passwords shorter than 12 characters.”

In 2024, Alexey Antonov developed a machine learning algorithm to test password strength and found that almost 60% of passwords can be cracked in under an hour using modern GPUs or cloud-based cracking tools.

When applied to AI-generated passwords, the results were alarming, they were far less secure than they appeared: 88% of DeepSeek and 87% of Llama generated passwords were not strong enough to withstand attack from sophisticated cyber criminals. While ChatGPT did a little better with 33% of passwords not strong enough to pass the Kaspersky test.

“The problem is LLMs don’t create true randomness. Instead, they mimic patterns from existing data, making their outputs predictable to attackers who understand how these models work,” notes Antonov.

 


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NBS Unveils Crowd-Sourcing Initiative for Accurate Statistical Data

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National Bureau of Statistics (NBS) has introduced a crowd-sourcing initiative aimed at providing more accurate statistical information and data to policymakers and the general public.

NBS Unveils Crowd-Sourcing Initiative for Accurate Statistical Data

According to a statement issued by Folorunso Alesanmi, head of Public Relations, the initiative, which commenced several months ago, involves compiling daily price data from a wide range of sources.

These include open markets, supermarkets, neighbourhood shops, bulk and discount stores, street outlets, and large retail shops.

Data collection has been conducted across all 36 States, the Federal Capital Territory (FCT), and every senatorial district.

However, the Bureau clarified that price data gathered through crowd-sourcing differs from the data used in computing the Consumer Price Index (CPI).

While CPI data is collected at specific, pre-determined outlets during the second and third weeks of each month, crowd-sourced price data is gathered randomly from different respondents daily.

By leveraging the power of crowd-sourcing, the Bureau has been able to gather a vast amount of data that offers a more nuanced picture of price trends in the economy.

“We are thrilled to release our first price data compiled through crowd-sourcing. This initiative represents a major step forward in our efforts to harness the power of technology and innovation to improve the quality and timeliness of our statistical data,” said Prince Semiu Adeyemi Adeniran, Statistician-General of the Federation and NBS CEO.

The newly released data offers insights into the prices of essential food items commonly consumed by Nigerians, such as local rice, white beans, white maize, garri, yam, and more. It provides a daily snapshot of food costs.

The NBS plans to update this data on a daily basis, offering entrepreneurs, policymakers, and researchers a valuable tool for monitoring price fluctuations and making informed decisions.

The data is accessible to the public through a dedicated dashboard, where users can view, analyze, and download it in real-time—enhancing transparency and accessibility.

“To this end, the agency has implemented a range of quality control measures, including data validation and verification processes, to ensure that the data is reliable and trustworthy,” the statement added.

The release of this crowd-sourced price data underscores the NBS’s commitment to innovation and collaboration.

By working with citizens and embracing technology, the Bureau aims to provide more timely and accurate statistics to drive economic growth and development


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AFC Appoints Ireti Samuel-Ogbu as Chair of Board of Directors

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Africa Finance Corporation (AFC), the continent’s leading instrumental infrastructure solutions provider, has announced the appointment of Mrs Ireti Samuel-Ogbu as Chair of its Board of Directors. She succeeds Mr. Emeka Emuwa who has completed 12 years of meritorious service to the Corporation.

Mrs. Samuel-Ogbu brings a wealth of experience spread over three decades leading and transforming the banking sector in Europe, Middle East, and Africa. Until recently, she led Citi’s institutional businesses in Nigeria and Ghana, with oversight across Banking, Markets and Services.

During this period, she steered the franchise through significant macroeconomic and regulatory headwinds, strengthening its strategic momentum and resilience.

Her international career within Citibank included senior leadership roles across over 50 countries in the Europe, Middle East, and Africa region, during which time she worked in the United Kingdom, Nigeria, and South Africa.

Mrs. Samuel-Ogbu has extensive boardroom experience including Citibank Nigeria where she was a Non-Executive Director for 6 years and Chair of the Risk Committee prior to becoming the Managing Director.

She also served on the board of CHAPS Clearing UK, the high value payment system now operated by the Bank of England and a UK-based charity, Opportunity International.

Her extensive experience and unwavering dedication to the advancement of Africa make her a valuable asset to AFC at a time when the Corporation is more committed than ever to accelerating Africa’s transformation through bold investments, innovative financing models and catalytic partnerships.

AFC recently delivered a record-breaking FY2024 financial performance, with total revenue increasing by 22.8% to US$1.1 billion, surpassing the US$1billion milestone for the first time.

This strong performance was driven by several transformational projects including acting as the Lead Project Developer for the Lobito Corridor, a transformative multi-country transport network connecting Angola, Zambia and the Democratic Republic of Congo (DRC), financing of the expansion of the Kamoa-Kakula Copper Complex in the DRC — one of the world’s highest-grade, low-carbon underground copper mines and financing support for the commissioning of the Dangote Refinery, the largest in Africa.

Speaking on the appointment, Samaila Zubairu, President& CEO of AFC, said: ” We are delighted to welcome Mrs Ireti Samuel-Ogbu as Chair of the Board.

Her wealth of experience, visionary leadership and deep understanding of Africa’s financial landscape will be invaluable as we navigate our next phase of growth- expanding our impact, mobilising urgently needed capital and delivering transformative projects that enable inclusive and sustainable prosperity across the continent.”

Mrs Ireti Samuel-Ogbu commented: “I am honoured to take on the role of Chair at AFC, an institution that serves as a trusted bridge between international capital and Africa’s dynamic growth opportunities.

I look forward to working closely with the board, management, and all stakeholders to advance the Corporation’s mission and strengthen its role as the leading provider of strategic, investment-driven solutions that unlock Africa’s full economic potential.”

 


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