E-Business
Microsoft Reiterates Commitment to Partner FG on ICT Development
Microsoft Nigeria, devices and services giant, has reiterated the company’s commitment to collaborating with the Federal Government of Nigeria and other stakeholders in the IT industry to put structure in place to further aid ICT development in the country.
Olayinka Oni, national technology officer, Microsoft Anglophone West Africa, made the remark at the Lagos Business School recently, where he addressed the Executive MBA class as a guest speaker.
While delivering his keynote address entitled ‘Nigeria in the Information Age: The role and capacity of Government’, Oni said that for Africa to improve its economic and global competitiveness, it is pertinent to place ICT at the nerve centre of its activities. He drew example from advanced countries with an explanation that they enjoy their present status because of their technological advancement.
Oni commended the strides taken by the present administration in advancing ICT, one of which is the inauguration of the Broadband Council to drive the implementation of the recently-approved National Broadband Plan 2013-2018 by Mrs. Omobola Johnson, minister of Communication Technology.
Another noteworthy effort of the ministry is the funding of Incubation Centres created solely to foster innovation and the development of locally relevant apps by people with great ideas but without the wherewithal to execute.
According to him, Microsoft has over the years explored various ways at developing innovative products and services to improve the way Africans communicate at work, at home and on the go.
The most recent being the generation of novel ideas which includes the 4Afrika initiative designed to empower African youth, entrepreneurs, developers, businesses and civic leaders to turn great ideas into a reality that can help their community, their country, the Continent, and beyond.
“Under the initiative, Microsoft will help place tens of millions of smart devices in the hands of young Africans, bring one million SMEs online by providing high-speed broadband using Super Wi-Fi technology, up-skill 100,000 members of Africa’s existing workforce, and help an additional 100,000 recent graduates develop skills for employability, 75 percent of which Microsoft will help place in jobs”, added Oni.
Explaining that cloud computing has the potential to transform the region, Olayinka noted that it enables global growth for businesses in emerging markets who are seeking to engage world markets in spite of lack of traditional infrastructure.
Concluding, Oni spoke about Microsoft’s recently launched initiative, CityNext, an initiative that Microsoft and her global partner ecosystem are uniquely positioned to enable a people-first approach through their end-to-end software, devices and services capabilities that meet a range of needs from the consumer-related demands of citizens to the mission-critical, enterprise demands of city operations.
In his words “No other company offers the broad portfolio of familiar, secure software, devices and services; the experienced network of hundreds of thousands of partners worldwide with relationships in nearly every major city around the globe; and the history of successful education and training programs, which collectively, propel cities toward what’s next”.
Earlier, in her welcome address, Dr. Olayinka David-West, Faculty director and IS Faculty, Lagos Business School, said, “the role of Government in the development of an IT-enabled environment is integral to private sectors adoption of IT”. She also emphasised that “the environment in which we operate and the strategies we want to adopt can either be aided or hindered by Government’s participation.”.
The Executive MBA (EMBA) class is made up of working professionals, with more than 7 years of experience working in different business sectors.
The EMBA are management practitioners seeking to improve their managerial practices and leadership skills.
E-Business
FG Launches Online Citizenship, Business Management Platform

Ministry of Interior has announced the launch of a new Online Citizenship and Business Management Platform in line with the Renewed Hope Agenda of President Bola Tinubu.
A statement signed by Dr Magdalene Ajani, permanent secretary, Ministry of Interior’s said the initiative forms a key part of its ongoing reforms aimed at promoting transparency, enhancing operational efficiency, and significantly improving service delivery to the public.
The new digital platform is designed to streamline the application and processing of citizenship and business-related services, ensuring faster turnaround times and improved user experience.
The platform allows users to apply for and manage business permits, ensuring that both local and foreign businesses operate legally in Nigeria.
It includes an Expatriate Quota System to manage work permits for foreign employees, helping companies hire skilled workers while complying with Nigeria’s immigration laws.
The Citizenship Administration and Management System provides a streamlined online process for applying, tracking, and managing Nigerian citizenship applications and related services.
Members of the public, corporate entities, and other stakeholders are expected to access the platform through the ministry’s website: https://interior.gov.ng , Direct Portal Access: https://candb.interior.gov.ng , or contact candb-support@interior.gov.ng for support and inquiries.
“The Ministry of Interior remains committed to establishing a more efficient, transparent, and secure framework for citizenship administration, while continuously enhancing service delivery through digital transformation,” the statement read in part.
E-Business
NITDA, CISCO Empower Youth with Digital Skills

Fifty selected young unemployed Nigerians have completed a four-week intensive digital skills bootcamp under the Digital Literacy for All (DL4ALL) initiative, gaining practical training in Data Science, Artificial Intelligence (AI), and IT Essentials.
The programme, a collaborative effort between the National Information Technology Development Agency (NITDA) and Cisco, was hosted at NITDA’s South West Zonal Office in Victoria Island, Lagos.
Speaking on behalf of the Director General of NITDA, Kashifu Inuwa , the Head of the South West Zonal Office, Mrs. Chioma Okee-Agugwo, described the initiative as a vital component of Nigeria’s digital future. “This is not just a closing ceremony. It is the launchpad for new journeys—anchored in digital knowledge and powered by innovation,” she remarked.
According to the Director General, the initiative is rooted in NITDA’s Strategic Roadmap and Action Plan (SRAP 2.0) and reflects key focus areas including Digital Literacy, Emerging Technologies, and Youth Empowerment. It also aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which seeks to accelerate economic diversification through digitisation, innovation, and skills development.
Inuwa noted that the DL4ALL initiative forms part of Nigeria’s broader commitment to digital inclusion—ensuring that no one is left behind in the evolving digital economy. It also supports the ambitious goal of achieving 70% digital literacy by 2027, championed by the Honourable Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani. This national vision aims to equip millions of Nigerians with the skills required to thrive in a tech-driven world.
He further emphasized the importance of empowering youth with globally relevant skills. “They are no longer just consumers of technology. They are creators, innovators, and future employers,” he said.
The NITDA boss explained that throughout the bootcamp, participants engaged in hands-on learning experiences designed to build both technical proficiency and digital leadership capabilities.
“This is only the beginning,” he stated. “Through our zonal strategy, we are bringing innovation closer to local communities. This is how we democratise access and unlock Nigeria’s full digital potential.”
Inuwa expressed appreciation to Cisco for delivering high-impact training and called on stakeholders to continue investing in partnerships, people, and platforms that drive digital inclusion.
He asserted that the newly certified participants are now equipped to contribute meaningfully to Nigeria’s digital economy—armed with the skills to build solutions, secure infrastructure, and launch tech ventures that solve real-world problems.
At the end of the bootcamp, participants demonstrated their knowledge through impressive presentations that showcased the integration of skills acquired across Data Science, AI, and IT Essentials. Many spoke passionately about how the programme had expanded their technical competence and sparked a drive to create job opportunities—not only for themselves but also for others—as entrepreneurs and digital solution providers in their communities.
E-Business
Cyberattack Could Cost it Up to $400m – Coinbase

Coinbase forecast a hit of between $180m and $400m from a cyberattack that breached account data of a “small subset” of its customers, the crypto exchange said in a regulatory filing on Thursday.
The company received an anonymous email on May 11, claiming to have information about certain customer accounts as well as internal documents.
While some data — including names, addresses and emails — was stolen, the hackers did not get access to login credentials or passwords, Coinbase said.
Still, it will reimburse customers who were tricked into sending funds to the attackers.
Hackers had paid multiple contractors and employees working in support roles outside the US to collect information.
The company has fired those involved, it said.
Separately, the New York Times reported that the US Securities and Exchange Commission (SEC) was investigating whether the company had misstated its user numbers.
Coinbase shares extended losses after the report and were last down 6.5%.
“This is a hold-over investigation from the prior administration about a metric we stopped reporting two-and-a-half years ago, which was fully disclosed to the public,” said Paul Grewal, Coinbase’s chief legal officer.
“While we strongly believe this investigation should not continue, we remain committed to working with the SEC to bring this matter to a close.”
The SEC declined to comment.
The latest developments come days before the company is set to join the benchmark S&P 500 index, casting a shadow over what was expected to be a landmark moment for the crypto industry.
Security remains a challenge for the crypto industry despite its growing mainstream acceptance.
In February, Bybit disclosed a hack in which about $1.5bn worth of digital tokens were stolen — widely described the biggest crypto heist ever.
“The cyberattack may push the industry to adopt stricter employee vetting and introduce some reputational risks,” said Bo Pei, an analyst at US Tiger Securities.
Funds stolen by hacking crypto platforms amounted to $2.2bn in 2024, according to a report from Chainalysis, a US-based blockchain analysis firm.
“As our nascent industry grows rapidly, it draws the eye of bad actors, who are becoming increasingly sophisticated in the scope of their attacks,” said Nick Jones, founder of crypto firm Zumo.
Coinbase has refused to pay a ransom of $20m demanded by the attackers and is working with law enforcement agencies. Instead it has established a $20m reward for information on the hackers.
The company is also opening a new support hub in the US and taking other measures to prevent such cyberattacks, it said.
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