Connect with us

E-Business

Lagos Dangles N230m for Start-Ups in Lagos

Published

on

Governor Babajide Sanwo-Olu
Kindly share this post

Governor Babajide Sanwo-Olu has launched the Lagos State Science Research and Innovation Council (LASRIC), setting aside $687,000 (about N250 million) start-up funds for investment in research and development of tech-focused solutions across the six pillars of his administration’s development agenda.

Lagos Dangles N230m for Start-Ups in Lagos

Governor Babajide Sanwo-Olu

With a whopping N250 million seed capital earmarked by the Lagos State government for technology and innovation, tech start-ups and young innovators in the state now have the opportunity to push their entrepreneurial skills to the next level.

Sanwo-Olu, also launched the Lagos Innovation Master Plan, a four-planked special purpose vehicle for addressing the state’s socio-economic challenges by using innovative and smart methods.

The innovation Master Plan launched by the governor at the maiden edition of Art of Technology Lagos, comprised Data Access, Talent Building and Broadband infrastructure development plans; Lagos State Science and Technology Council; Lagos State Solution Hub; and the Open Government Initiative.

Sanwo-Olu, said the plan was to use combined technological mix to help his administration tackle problems in the state as captured in its agenda, which include: Transportation & Traffic Management, Health and Environment, Education and Technology, Making Lagos a 21st Century Economy, Entertainment, Tourism, Security, and Good Governance.

He added that the N250 million would be injected in the Science and Innovation Fund, chaired by Prof. Toying Ogundipe, Vice Chancellor of the University of Lagos, for tech innovators and creators in the state to access funds to boost their business.

According to him, the innovation master plan will highlight the government’s critical focused areas that will unleash a culture of problem solving initiative. This now addresses the four main pillars that are required to enable a vibrant innovative ecosystem.

Sanwo-Olu said: “In the next two years, we are hoping to be able to do what we call, a Metropolitan Fibre Grid. We are hoping to have in the next two years about 6000kms of fibre; it’s a total mix, we want to mix the whole system. We want to have a smart city which we are. So we will be signing that before the end of this year or sometime early next year.

“With this administration’s activity in these four areas, the innovation ecosystem is sure to receive the needed boost to raise the communication to the state of the economy.

“We are also launching today, the Lagos State Science and Innovation Council. This council will be responsible for the management of the science itself and the Innovation Fund. This fund is primarily tasked with investment in research and development in science and technology across different thematic areas of the state, from Artificial Intelligence to Robotics to Health and Informatics and Green energy.

“The Lagos State Science Research and Innovation Council will direct funds to solve issues of national significance through science and technology research.

He further said: “The third one is the Lagos State Solution Hub. We will be democratising access to state’s actions in critical strategy of this government, such that the Lagos State Solution Hub serves as the first point of call for innovators, solution providers and innovators on proposing their solutions to the state.

“We realise that crowd sourcing and inclusive strategies are key ingredients to solve a mirage of challenges we face. The solution hub will enable us to make The website is: lagossolutionhub.com.

“The last one is the Open Government Initiative. Data access is seen as critical for building solution culture. The open government has kicked off and we will be communication the major milestones to the public soon.”

He, however, described the Art of Technology Lagos as a platform on which the vision of Lagos State as a smart city would be unraveled, adding that the maiden edition will open the window for ideas, concepts and principles encriptively created for Lagosians and Nigerians to breakout and transform the landscapes.

“We are prepared to provide Lagosians with the opportunity to connect to the global stage. We cannot disaffirm the intractable challenges that face states like ours. With the population that is so high, we have obviously infrastructural challenges.

“A new sustainable method of transportation and infrastructural development needs to be formulated to keep up with the population growth. The use of Artificial Intelligence to predict the movement human resource and material and reverse the environmental degradation are critical solutions we need to adopt,” Sanwo-Olu said.

 

 


Kindly share this post

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.

E-Business

Microsoft Servers Hacked by Chinese Groups

Published

on

Kindly share this post

Chinese “threat actors” have hacked Microsoft’s SharePoint document software servers and targeted the data of the businesses using it, the firm has said.

Microsoft Servers Hacked by Chinese Groups

 

China state-backed Linen Typhoon and Violet Typhoon as well as China-based Storm-2603 were said to have “exploited vulnerabilities” in on-premises SharePoint servers, the kind used by firms, but not in its cloud-based service.

The US tech giant has released security updates in response and has advised all on-premises SharePoint server customers to install them.

“Investigations into other actors also using these exploits are still ongoing,” Microsoft said in a statement.

The firm said it had “high confidence” the hackers would continue to target systems which have not installed its security updates.

It added that it would update its website blog with more information as its investigation continues.

Microsoft said it had observed attacks in which hackers had sent a request to a SharePoint server “enabling the theft of the key material by threat actors”.

Charles Carmakal, chief technology officer at Mandiant Consulting firm, a division of Google Cloud, told reporter, it was “aware of several victims in several different sectors across a number of global geographies”.

Carmakal said it appeared that governments and businesses that use SharePoint on their sites were the primary target.

A number of adversaries who stole material encoded by cryptography were then able to regain ongoing access to the victims’ SharePoint data, he said.

“This was exploited in a very broad way, very opportunistically before a patch was made available. That’s why this is significant,” Carmakal said.

Carmakal said the “China-nexus actor” was deploying techniques similar to previous campaigns associated with Beijing.

Microsoft said Linen Typhoon had “focused on stealing intellectual property, primarily targeting organizations related to government, defence, strategic planning, and human rights” for 13 years.

It added that Violet Typhoon had been “dedicated to espionage”, primarily targeting former government and military staff, non-governmental organizations, think tanks, higher education, the media, the financial sector and the health sector in the US, Europe, and East Asia.

Meanwhile, Storm-2603 was “assessed with medium confidence to be a China-based threat actor”.

 

 

 


Kindly share this post
Continue Reading

E-Business

NIMC Warns Nigerians of Fake NIN Website

Published

on

Kindly share this post

National Identity Management Commission (NIMC) has issued a public warning that it is not associated with NINcard.com.

NIMC Warns Nigerians of Fake NIN Website

According to the commission, the website has been circulating online to offer services for Nigerians seeking National Identification Number (NIN) services.

NIMC, in a post on its official X account on Wednesday, said, “NINcard.com is not in anyway affiliated to NIMC. Stay vigilant!”

The warning was accompanied by screenshots of fake payment receipts and OTP request pages from the website, both of which were boldly stamped “FAKE” by NIMC to alert the public.


Kindly share this post
Continue Reading

E-Business

NITDA, API Partner Against Harmful Online Content

Published

on

Kindly share this post

National Information Technology Development Agency (NITDA), in partnership with the Advocacy for Policy and Innovation (API), has convened a one-day workshop in Abuja to advance dialogue on the draft Online Harm Protection (OHP) Bill to confront harmful online content.

NITDA, API Partner Against Harmful Online Content

The bill, a rights-based, locally rooted, and multi-stakeholder initiative, is aimed at addressing the challenges of the digital age.

The event, which held yesterday, brought together government officials, civil society, academics, digital platforms, and legal experts to shape a policy framework designed to combat online ills such as cyberbullying, disinformation, hate speech, digital exploitation, and gender-based violence, while safeguarding democratic freedoms and digital inclusion.

In his keynote remarks, Kashifu Inuwa, director general, NITDA urged a paradigm shift in the way society engages with digital technologies.

“For almost two decades, we have viewed digital technology through a consumer lens. But these technologies are not just products and services. They are transforming how we live, work, and interact. They shape our politics, our society, and our democracy,” he said.

Warning against unaccountable digital power in the hands of private corporations, the DG likened the digital journey to the tale of Alice in Wonderland, where initial fascination with innovation has given way to deeper concerns about privacy, autonomy, and manipulation by big tech platforms.

“We thought we were using Google, but now we realise Google is using us. Social media, once a tool of expression, has become a tool of surveillance and influence,” Inuwa noted.

He, therefore, emphasised the urgency of developing a democratic and accountable framework.  He explained that following the 2021 Twitter ban, NITDA facilitated dialogue between the government and platform operators, leading to a Code of Practice that stressed Nigeria’s sovereignty and legal standards.

According to him, the same process birthed the multi-stakeholder steering committee and the OHP White Paper in December 2024, laying the foundation for the current legislative push.

Earlier in her opening remarks,  Victoria Manya, co-founder, API, observed the moral and civic necessity of the bill.

Her words: “The internet did not break society, it merely revealed its unfiltered version. Every day, Nigerians are exposed to harassment, disinformation, exploitation, and even algorithmic violence. The OHP Bill is not a war on the Internet. It is a peace offering to its users, a social contract for a digital future that is safe, inclusive, and democratic.

“We cannot answer the question of algorithmic power with unchecked state control. We must answer it with shared, rights-based governance. This bill must not be written for the people, but with them.”


Kindly share this post
Continue Reading

Trending