General News
FITC Partners CFA to Host National Economic Development Outlook

FITC in collaboration with CFA Society Nigeria, has organized the second edition of the National Economic Development Outlook Series (NEDS) 2023, to equip individuals and organizations with a firm understanding of the macro-economic environment in Nigeria and how to win under the circumstances.
The virtual event held recently, with a cross section of speakers, panellists, local and international economists, and participants across the financial services industry, including banking, insurance, securities markets, and industry regulators, who came together to share and learn contemporary insights on the programme theme; “What Next for Nigeria’s Economic Growth? Overcoming Inflation, Rising Interest Rates, Debt and Uncertainty”.
In her welcome address, Chizor Malize, the host, and Managing Director/CEO FITC, stated that the NED series is one of the Institute’s visionary programmes, that brings together significant personalities to deliberate on the issues that are critical to the nation and its economy and to provide business insights for organizations to steer and navigate the unique and precarious economy.
Ibukun Oyedeji, President of the CFA Society, Nigeria, reiterated the focus of the event, which deliberated on economic issues, overcoming inflation, Nigeria’s rising debt profile, the outlook on fixed income, equities, Monetary Policy Rate, the Finance Act 2023, its implementation and the comparison of it to the prior Finance Acts in Nigeria.
Dr. Ayo Teriba, Chief Executive Officer (CEO), Economic Associates, delivered the keynote address, which he anchored on the Federal Government 2023 Budget. He stated that the current reality is that the world is in the eye of the storm, the ripples of the geopolitical tensions have presented the global landscape with the perfect storm in which both the income statement and the balance sheet are in turmoil.
In his remarks, Tilewa Adebajo, CEO, The CFG Advisory, stated that Nigeria spent millions of naira on subsidies in 2022, buttressing that if these monies were pumped into the economy, instead of being used on subsidies, there will be a positive impact especially on the nation’s deficit. He also stressed the need for structural reforms of the Nigerian economy.
Building on Adebajo’s remarks, The MD, RMB Nigeria Asset Management, Kike Mesubi further reinforced the need to remove subsidy, noting that the amount spent on subsidy can be injected into the real sector of the economy, like infrastructure and real estate.
“As it stands a huge sum from oil produce is spent towards subsidies, if that goes off, that is additional money to develop the economy and will ultimately increase the revenue that has been budgeted for the year” she said.
Partner, PwC, Mr. Kenneth Erikume speaking on tax revenues, commended the efforts of the FIRS in ensuring the tax administration process is digitized, while also introducing some reforms around taxation of non-residents, introduction of VAT collection, by digital service companies, thus growing tax revenue from 6.4 trillion in 2021, to 10.1 trillion in 2022, a 58% increase. He further analyzed this and noted some risks in performance for 2023.
General News
Evans Woherem’s Book, “Building A New Africa” Charts Bold Vision For Africa’s Future

Dr. Evans Woherem, a renowned scholar and thought leader, has unveiled his latest book, “Building a New Africa,” urging Africans worldwide to rethink the continent’s future and unite in shaping a new chapter of progress, self-reliance, and shared prosperity.
A timely and thought-provoking publication that offers more than just a history lesson; Building a New Africa not only presents a roadmap for reclaiming Africa’s greatness and unlocking its vast potential, but explores the continent’s rich past, its present challenges, and a bold, actionable vision for transformation.
“This book doesn’t just touch on the past of Africa,” Woherem declares, “but it makes us understand Africa’s potential and offers a vision for a future where Africa can thrive and stand proudly alongside the rest of the world.”
In Building a New Africa, Dr. Woherem draws from history to remind readers of the continent’s glorious civilizations—Egypt, Kush, Mali, Songhai, Oyo, Benin, and Great Zimbabwe, among others—emphasizing Africa’s foundational role in the story of humanity.
He then examines how centuries of slavery and colonialism disrupted this trajectory, leaving long-lasting impacts on political, economic, and social systems.
Despite gaining independence, the book notes that many African nations remain trapped in neo-colonial systems, burdened by political instability, economic stagnation, and underdevelopment. “The question we need to ask ourselves is: Where did the rain start beating us? How did Africa lose its greatness?” Woherem asks.
But Building a New Africa is far from a lament. It is a clarion call for solutions, providing concrete ideas and practical pathways forward. Central to the book’s thesis is the urgent need for visionary leadership, the kind that can unite people, inspire change, and drive inclusive growth.
It also advocates for a political and economic framework rooted in industrialization, entrepreneurship, and sustainable development. The book outlines strategies for mobilizing resources, building institutions, and investing in sectors that can generate jobs and wealth.
One of the most compelling ideas presented is the proposal of a Pan-African model of development—a cooperative, borderless approach that leverages the collective strength of African nations. This model, according to the author, is essential to overcoming shared challenges and building resilience.
Dr. Woherem pushes readers to look ahead and ask: What will Africa look like in 50 years if bold steps are taken today? “This book isn’t just for academics, policymakers, or experts. It’s for all of us—Africans, and anyone who believes in Africa’s potential,” he writes.
Building a New Africa is more than a book—it’s a rallying cry. It invites students, professionals, entrepreneurs, and everyday citizens to join in the conversation and be part of the change. In an era where the narrative about Africa is often marked by pessimism, Dr. Woherem offers a hopeful and empowering alternative.
As the continent stands at a crossroads, Building a New Africa urges all who care about its future to begin imagining, planning, and acting, today.
The public is warmly invited to get a copy of Building a New Africa and engage in this vital conversation. The journey to a renewed, empowered, and united Africa begins with informed minds and inspired hearts.
Dr Evans Woherem, the author of the book, is an award-winning African Technology researcher, analyst, and writer.
He has authored or co-authored three books and numerous academic papers on various areas, including Artificial Intelligence, Expert Systems, Software Engineering, project management, IT Strategy Planning and Technology in Banking. He worked for Lloyd’s Register (UK) and ABSA bank (RSA) at technical and management levels.
He was a highly successful Executive Director of Information Technology at both First Bank of Nigeria and Unity Bank Plc (Nigeria). He was the pioneer Chairman of Interswitch Nigeria Ltd, which is today a Unicorn. He was also the Chairman of Chams Access Ltd.
He is currently the Chairman of Digital Africa, Compumetrics Solutions Ltd and Northlink Insurance Brokers Ltd. He holds a PhD on Impact of Expert Systems. He is a Fellow of the Nigerian Computer Society, and an alumnus of Harvard Business School.
General News
OneData Revolutionizes Caleb University Campus Connectivity, Empowering Students for the Digital Age

OneData, a trusted provider of fibre-based broadband internet services in Nigeria, has partnered with Caleb University to revolutionize campus connectivity and equip students with the digital skills required to thrive in a technology-driven world.
This strategic collaboration aligns with Caleb University’s vision of becoming the Centre of Technology, Media and Telecommunications (TMT) Excellence, bridging the gap between education and digital innovation.
Transforming Campus Connectivity
Under this partnership, OneData has deployed high-speed, campus-wide fibre internet, ensuring uninterrupted access to online learning platforms, research databases, and communication tools. This is set to modernize the university’s digital infrastructure, creating an environment where students and faculty members can excel in an ICT-driven world.
Fostering Digital Excellence
Beyond providing internet services, OneData is launching “Digital and Entrepreneurial Hubs”, dedicated spaces designed to cultivate innovation, digital literacy, and business acumen. These hubs will serve as incubators where students can develop technological solutions, explore business opportunities, and gain industry-ready skills.
“Reliable internet is not just an educational tool; it is the foundation of a thriving digital economy,” said Mr Olawale Owoeye, CEO of OneData. “By collaborating with Caleb University, we have not only provided for campus connectivity but are also empowering students with the training, resources, and opportunities needed to lead in technology, media, and telecommunications. This is a game-changer for higher education in Nigeria.”
Echoing this sentiment, Professor Nosa Owens-Ibie, Vice Chancellor of Caleb University, stated, “This partnership with OneData is a significant step toward our mission of becoming a center of excellence in education and innovation. By integrating world-class internet services and fostering entrepreneurial hubs, we are equipping students with the skills and opportunities to contribute meaningfully to Nigeria’s digital transformation.”
Expanding Digital Access
OneData’s vision extends beyond Caleb University. The company is committed to scaling this model in universities nationwide, ensuring more students gain access to high-speed internet, education, and entrepreneurial resources. This initiative is not just about internet access; it is about empowering the next generation to drive Nigeria’s digital transformation
General News
Mart Networks Brings Comprehensive Cybersecurity Solutions from Infopercept to Africa

Mart Networks Group, a leading value-added distributor with a presence in the Middle East and Africa, has announced a distribution partnership with Infopercept, a leading platform-led managed security services company.
Under this agreement, Mart Networks will serve as a distributor in East and West Africa for Invinsense Offensive Extended Detection and Response (OXDR), a platform for threat exposure management, and Invinsense Govern Secure Optimize and Strengthen (GSOS), a platform for security compliance management.
Invinsense OXDR is a comprehensive threat exposure management suite that integrates Attack Surface Management (ASM), Vulnerability Management (VM), Breach and Attack Simulation (BAS), Continuous Automated Red Teaming (CART), and RedOps. It enables organizations to discover, prioritize, validate, and remediate their security exposures. These exposures extend beyond vulnerabilities to include misconfigured assets, security control weaknesses, counterfeit assets, and poor responses to phishing simulations.
Invinsense GSOS, a compliance platform, is meticulously designed to streamline the process of achieving various security compliance standards while optimizing efficiency. Comprising seven modules, it enables organizations to develop robust cybersecurity strategies, simplify compliance management, strengthen security protocols, mitigate risks, enhance cybersecurity awareness and readiness, and ensure regulatory adherence for protecting sensitive data.
“The increasing sophistication and volume of cyberattacks in Africa demand a comprehensive cybersecurity approach,” said Moiz Maloo, CEO of Mart Networks Group. “Africa must now go beyond preventive security and detection and response by incorporating proactive strategies like Threat Exposure Management.
“Security compliance is another challenge for African organizations, and they need a platform-driven approach to achieve compliance holistically.”
Speaking on the partnership with Infopercept, Mr. Maloo added, “Mart Networks is focused on two key areas: cybersecurity and delivering tomorrow’s technology today. With decades of experience in value-added distribution for cybersecurity, we have already created significant value for our customers and partners in preventive security, detection, and response. Africa is a prime target for sophisticated cyberattacks, leading to increasingly stringent security compliance requirements.
“We recognized gaps in our cybersecurity offerings and sought to address them. Infopercept’s Invinsense platform fills these gaps by providing both threat exposure management and security compliance solutions, along with managed services. This collaboration will help us protect African organizations from breaches and security exposures.”
Expressing enthusiasm about the partnership, Jaydeep Ruparelia, CEO of Infopercept, said, “Since our inception, Infopercept has been committed to cybersecurity. For our expansion into Africa, we sought a distribution partner equally passionate about the field, and we found that in Mart Networks.
“Africa presents a unique landscape with a diverse range of organizations. On one end, there are cloud-native companies, while on the other, some organizations prefer to remain entirely on-premise, with many adopting a hybrid model. With Invinsense, we have built a scalable platform that caters to the cybersecurity and compliance needs of all these organizations.
“Our platform-led managed security services model also addresses the significant cybersecurity skills gap, which is a global challenge. With Mart Networks as our partner, we are confident in delivering two critical cybersecurity outcomes for organizations in the region: defending against sophisticated cyberattacks and ensuring security compliance.”
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