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Inuwa, NITDA DG, Seeks AI to Increase Productivity in Critical Sectors of the Economy

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Kashifu Inuwa CCIE, the Director-General of the National Information Technology Development Agency (NITDA), has reiterated the need to explore and use AI in bolstering productivity in critical sectors of the Nation’s economy.

This is as the world increasingly leverages cutting-edge technologies like artificial intelligence (AI) in shaping lives and businesses,

Inuwa made this known while delivering a Keynote Address on “Artificial Intelligence: Effective Communication for National Security” at the 2023 Security and Spokespersons Awards and Conference which held in Abuja.

Alluding to the fact that Artificial Intelligence is already changing daily lives, almost entirely in ways that improve human health, safety, and productivity, Inuwa averred that AI is beyond a tool, as it is a new way of building a relationship between humans and machines.

“In building that relationship, we need to look beyond just having a tool we use for our daily activities and start thinking in the direction of developing a system which can help meet certain human needs”, Inuwa said.

While highlighting some of the benefits of emerging technologies, particularly artificial intelligence, the Director-General said that the algorithm which is the AI that powers social media is a machine that needs to be trained and controlled, in order to avoid it spiralling out of control.

“Due to the happenings on social media, industry practitioners are pushing for “explainability in the AI”, also referred to as “black box” within the AI algorithm”

“Imagine having a system that makes decisions for us and does not understand the way it came about making that decision, now, that is indeed a red flag, having AI go out of control, so, we need to get AI to be always for humanity, because it is the most existential threat to humanity today”, the DG stressed.

Inuwa said, “countries around the world are making efforts toward deciphering the functionalities of artificial intelligence and coming up with policies and putting standards in place to ensure they are AI ready countries, and so Nigeria cannot take the back seat”.

“In Nigeria, we are looking at it from three perspectives; having AI ready principles, data and AI ready security”.

“This invariably means that as a matter of principle, we should have redlines that AI must not cross, to achieve this, last year we started our journey by crowdsourcing on how to build National AI Policy and we have the first draft ready”, Inuwa maintained.

According to Inuwa, “when the present administration came onboard, President Bola Ahmed Tinubu mandated the Ministry of Communications, Innovation and Digital Economy to accelerate the diversification of the Nigerian economy by enhancing productivity in critical sectors through technological innovation, and we strongly believe that to achieve this, AI is our best tool to use in that regard”.

“To take this further, we launched a call for research, where we are offering a grant to forty five Nigerians to do research on Artificial Intelligence, so that we get a feedback on how to use AI in Health, Education, Agriculture, Finance, Security and many more.”

“We are giving up to N5Million to each researcher because we want to co-create and design the policy collaboratively, not the government using arm chair theories to come up with the policies, we need everybody to be onboard”, the Director-General noted.

The NITDA Boss who also emphasised the need to speed up efforts to connect the unconnected in order for them to be digitally feasible ahead of the AI adoption and deployment in the country, added that if they are infeasible, the AI will not consider them while making decisions.

Inuwa who went on to explain other perspectives, including data and security, sued for global standards for the regulation of AI.

“We are seeing how AI is becoming biased, gender biased and even exhibiting racist behaviour, partly because of the data used to develop it. So, if you develop an AI system amd train it in another country and decide to take it elsewhere, it will not work, hence, the need for global data for every one use to train it”, Inuwa enunciated.

Also harping on Nigeria’s abundant resources, talents and youthful population, Inuwa affirmed that the country has a competitive advantage in becoming the frontier in digital technological innovation.

“Although we lost out during the first, second and third Industrial Revolutions because they needed capital investment but in the fourth,  we can use our talents to compete with any country in the world, given the fact that talent is the human component of technology”.

“To achieve this, the Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani, unveiled the Strategic Plan for the Ministry which has strategic pillars, including, Knowledge, Policies, Infrastructure, and Trade”, the DG mentioned.

In conclusion, Inuwa avowed that AI is a top priority for NITDA as the Agency’s National Centre for Artificial Intelligence and Robotics (NCAIR) underpins the attention drawn to it.

The event which was the 5th in its series was organised by Image Merchant Promotion Ltd in conjunction with Coalition Society Organizations also featured presentations on Security and Spokespersons Communication Awards as well as goodwill messages.


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NIA Questions Legality of Reps’ Financial Probe

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The Nigerian Insurers Association has urged the House Committee on Capital Market and Institutions to respect the constitutional separation of powers as it carries out a probe on over 20 insurance firms.

In a statement on Tuesday night, the Director General/Chief Executive Officer of NIA, Mrs Bola Odukale, said the decision of NIA and the affected firms to approach the court was to seek clarity on the constitutional limits of the House Committee’s probe.

It would be recalled that the House of Representatives on Monday is investigating no fewer than 25 insurance companies operating in the country for various financial infractions spanning financial reporting, claims settlement, premium remittance, and issuance of policies.

The Chairman, House Sub-Committee on Capital Market and Institutions, Kwamoti Laori, during a meeting with the management of the insurance companies at the National Assembly Complex in Abuja, said the meeting was convened following the receipt of a petition on infractions by the insurance companies.

In the statement, Odukale said, “The Association wishes to state unequivocally that all actions taken by the NIA and the affected member companies in response to the Committee’s invitations and pronouncements were based entirely on legal advice by its Solicitors. It was on the firm instruction of legal counsel that recourse was made to the courts.

“The objective of approaching the Court is to seek judicial guidance on the legality, propriety, and constitutional limits of the Committee’s intervention in order to safeguard institutional integrity, uphold regulatory independence, and ensure that legislative oversight remains within the bounds of law.

“The Court action seeks to determine whether the current posture of the Committee reflects an exercise of legislative judgment, which, by constitutional design, is the exclusive province of statutory regulators, such as the National Insurance Commission, Securities and Exchange Commission, Nigerian Exchange, Financial Reporting Council, Nigeria Data Protection Commission, and the National Information Technology Development Agency.

“This raises serious questions about legislative overreach and an erosion of the doctrine of separation of powers, a cornerstone of Nigeria’s constitutional democracy.”

Odukale maintained that the NIA was committed to lawful and constructive engagement with all arms of government, provided that such engagement respects the autonomy of statutory regulators and the boundaries established by the Constitution.

“The NIA will continue to provide its full support to all member companies while upholding the principles of legal compliance and sector-wide integrity,” Odukale concluded.

17 of the companies that went to court were represented by their lawyer, Mr Abimbola Kayode, at the meeting with the committee.


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Horn of Africa Leaders Seek Enhanced Digital Integration for Increased Regional Growth

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Finance ministers and development partners from the Horn of Africa have called for enhanced digital integration to boost trade, drive economic growth and promote regional stability during the 25th Ministerial Meeting of the Horn of Africa Initiative (HoAI).

Held in Nairobi, on July 14, the meeting was co-chaired by the African Development Bank’s Vice President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo and Somalia’s Minister of Finance, Bihi Iman Egeh. Discussions underscored the critical role of digital integration in reducing trade barriers, boosting government service delivery and creating employment — particularly for the region’s youth.

“Digital technologies are shaping today’s economy and tomorrow’s industries. By embedding these technologies into our programs, we can not only improve inclusion but also leapfrog outdated development models,” said Nwabufo.

She called for digital integration a “central enabler” in each of the Horn of Africa Initiative’s pillars – trade, infrastructure, resilience, and human capital,

Learning through experience

Drawing from global and regional success stories, speakers highlighted the transformative potential of technology-led development. The ministers pointed to the Philippines as a strong example, where ICT has generated millions of jobs in business process outsourcing. Similarly, Kenya’s fintech innovation—especially the success of M-PESA—was cited as a model for scaling digital financial services across the region.

Participants urged governments to proactively foster digital ecosystems by capitalizing on the demographic dividend, identifying infrastructure upgrades, tighter regulatory reforms, and digital skills trainings as priorities to enable broader participation in the digital economy.

Minister Egeh reiterated the need for more coordinated regional efforts to create the enabling environment required for accelerated digital integration and expansion. He referenced the HoAI Digital Policy Matrix, adopted in 2023 which provides a blueprint on how to address key obstacles to achieving effective digital integration across the region.

Barack Makokha, Kenya’s Cabinet Secretary for National Treasury, underscored the importance of regionally-aligned public private partnerships and advocated for blended financing to reduce investment risk and expand digital access in underserved areas.

World Bank Vice President for Eastern and Southern Africa, Ndiame Diop, called for a comprehensive multi-pronged approach, combining cross-border coordination, large-scale financing, robust policy support, and digital infrastructure investments. He pointed out that such measures could transform digital integration into, “a powerful engine of economic transformation” for the Horn of Africa—ensuring no one is left behind in the digital era.

The meeting concluded with a shared recognition that sustained political will and the determination to implement a multifaceted approach are essential to unlocking the region’s economic potential and driving long-term growth.

The event also welcomed observers from the East African Community, Agence française de développement, and Shelter Afrique, reflecting strong regional and international backing for the HoAI in the development community.


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CSCS Inaugurates Custodian Portal to Enhance Digital Access, Operational Efficiency

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Central Securities Clearing System Plc (CSCS), Nigeria’s capital market infrastructure provider, has launched its Custodian Portal, a user-centric digital solution designed to optimise custodian operations through intuitive, secure and efficient features.

Haruna Jalo-Waziri, Chief Executive Officer (CEO), CSCS, announced this in a statement on Monday.

The CSCS is a Public Limited Company with a diversified shareholder base, which serves as the Central Securities Depository for the Nigerian Capital Market.

It serves as the Central Depository for Equities, Commercial Papers, Corporate Bonds, Sub-National Bonds, certain Sovereign Bonds like the FGN Sukuk and the FGN Savings Bond, Equity-traded Funds, Real Estate Investment Trusts, Mutual funds and Commodities.

Jalo-Waziri said that the custodian portal offered a streamlined experience for market participants with powerful tools that facilitate comprehensive portfolio and trade management, document tracking, share transfer operations, client symbol search, and real-time access to vital data.

He explained that the portal, designed to operate through a flexible subscription-based model, empowered users to manage their records effortlessly and securely through convenient payment channels such as GTPay and Paystack.

According to him, “Digital transformation remains at the core of our strategy to enhance the efficiency, transparency and accessibility of Nigeria’s capital market services.

“The custodian portal is a significant leap in that direction, offering custodians a centralised platform to manage critical processes in real-time.

“We are excited about the value this innovation brings to our stakeholders, and we will continue to evolve the platform in line with users’ needs and industry trends.”

The CEO also explained that the portal was designed with user experience in mind with feature tools like portfolio viewing and downloads in PDF or Excel format.

He further said that it also featured tracking of stock movements across date ranges, inbox messaging and request tracking, as well as robust user management capabilities including role assignment and status tracking.

Similarly, the Divisional Head, Business Technology and Digital Innovation, CSCS Plc, Tobe Nnadozie, said that the portal aligned with CSCS’s drive to automate the market.

“In addition to the normal features, the platform is a part of an omnichannel platform for custodians, and includes API services.

“It also connects to the market-wide workflow, which CSCS has built to ensure secured communication and approvals across all major stakeholders in the market.

“The platform is well secured with best-of-breed cybersecurity solutions and our SOC,” he said.

The Custodian Portal reinforces CSCS’s commitment to leveraging technology to streamline back-office functions and support a more agile, data-driven capital market ecosystem.

All custodians in the Nigerian capital market have now been successfully on-boarded on the Custodian Portal, marking a significant milestone in CSCS’s ongoing drive to enhance collaboration, standardise operational processes, and promote digital adoption across the market.


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