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Minister says Qualitative Education is Tied to ICT Development

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Mallam Adamu Adamu, Minister of Education, says the qualitative education in the modern world was intrinsically tied to the development and deployment of ICT in education.

The Minister who was represented by the Director, ICT, Federal Ministry of Education, Mr Ifegwu Orji during the inauguration of the Unites Cisco Internet of Things (IoT) Innovation Centre at Queens College in Yaba said: ”ICT as an enhancer of education has transformed education delivery from being the transmission of information by the teacher as the custodian of knowledge to the learner as the receiver of the knowledge transmitted and the school, from being a teacher-centered agency.”

He said: “Today, teachers are seen as facilitators or coaches of learning or in some cases, as change agents or activators and the students as active partners in learning.

”The school also had become an open space for learners who initiate and acquire their own learning and expand their knowledge through interaction among themselves and with the teachers.

“This kind of interaction is only made easier by the Internet of Things as it connects people, processes devices and data.

According to him, with the Internet of Thing (IoT), more engaging and measurable method of education that can provide knowledge to a greater number of students in a manner that fits their learning styles and needs are enhanced. He explained that The Internet of Thing (IoT), refers to the ever-growing network of physical objects with IP address for internet connectivity and communication that occurs between them and other internet-enabled devices.

His word: “It also enhances the volume and values of information that can be collected, thus, allowing educators and administrators to turn data into actionable insight like never before envisaged.

“In order to demonstrate our commitment towards the delivery of qualitative education with the resultant production of the requisite manpower, that can survive in the modern society, contributions to sustainable  national development and compete globally, we have approved the establishment of the Cisco Unites IoT Innovation Centres in six Federal Unity Colleges in the six geo-political zones for the 2017/2018 academic session  for which we are here today.

“Some of the  Unity colleges that have benefitted from this project are Federal Science and Technical College Yaba as pilot, Federal Government Girls College Buari in Abuja, Federal Government College Kano and Queens College Lagos, as well as Federal Government College Enugu among others.

“They will all serve as a hub for open innovation to showcase what is with digital transformation and Internet if Things in education.

“We have also approved the establishment of the Cisco network academy in all the unity colleges under Cisco’s corporate social  responsibility (CRS) in the education sector and other Cisco long term CRS programnes.

“It is our hopes that these programmes will fast track the achievement of ICT-enhanced education and would empower our students and teachers to adapt to the rapidly changing knowledge requirements and skills.

The Minister maintained that the goal of the Federal Government is to see the education sector as a whole, embrace the use of new technologies to meet the human resources requirements of nation-building for the attainment of sustainable soci-economic development.

He posited that government was optimistic of enhancing the sector for global competitiveness as well as the individual’s ability to survive in the contemporary society.

While lauding the partnership and contribution of Cisco Unites Academy for their support and donation of the IoT centres to the colleges, he added that the gesture would further boost students learning.

Meanwhile, the Director, of the Unites Networking Academy, Mr Toyin Olatayo, on his part said that the inauguration of the IoT project in Queens college was the third in the series.

According to him, efforts were underway to replicate same in all the 104 unity colleges across the country in two years. Olatayo noted that rapid changes in technology trends are forcing humans to keep up in order to stand the chance of surviving in a competitive world.

He maintained that technology has, and would continue to transform every aspect of human lives, be it education, governance, business and even personal relationships.

“There is digital transformation across countries and companies. Digital transformation driving opportunities. We want to bridge opportunities between students and the digital economy,” Olatayo said.

He added that the objectives of the Unites Cisco IoT Innovation Centre were to create technology solutions to unlock opportunities at a speed of rapid prototyping.


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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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