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ICAN, BOI Partner to Drive Stakeholders Inclusion in Tech

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ICAN BoI Tech Hub

By Adedapo Adesanya

The Institute of Chartered Accountants of Nigeria (ICAN) and the Bank of Industry (BOI) have strategically inaugurated an ICAN-BOI Tech Hub that will promote job creation, entrepreneurship and skill development in the technology space.

This was the central point of the tech hub inaugurated on Tuesday at the ICAN annexe office in Lagos which will ensure that members of the institute and the public can access the necessary skills and competencies required to become job creators and productive contributors in today’s tech-savvy world.

According to the Managing Director of BOI, Mr Olukayode Pitan, the project was necessary, given the increasing importance of technology to development and youth empowerment.

Mr Pitan said the dominant role of technology in many professions, including accountancy, had transformed the way businesses operated, resulting in improved efficiency, cost-saving, and simplified processes.

“The tech hub shall encourage development and testing of new ideas, products and business models as well as create an environment to prepare for start-ups and existing businesses for sustainability.

“It also aims at boosting business mentorship, market linkages and accelerated programmes to enable young entrepreneurs to scale up.

“Technology, innovation and entrepreneurship are key factors shaping global trends and there is a need to continually scale up on them for our national economic growth and development,” he said.

The BOI boss noted that young people were embracing an entrepreneurship mindset and technological skills, which had resulted in the provision of innovative solutions servicing millions of people in diverse sectors.

According to him, the Information and Communication Technology (ICT) sector contributed 14.7 per cent to the gross domestic product in 2020 and increased to 15.21 per cent in 2021.

“We can see a perfect example of the value of tech hubs when we consider Silicon Valley, which is one of the earliest tech hubs in the world.

“It houses the headquarters of many of the world’s largest high tech operations as well as thousands of promising start-ups and we have started on that journey here in Nigeria.

“Nigerian Fintechs are fast gaining recognition globally. In 2021, Nigerian FinTech start-ups raised about $1.37 billion out of a total of $4 billion raised by African start-ups despite the COVID-19 pandemic.

“In Nigeria, we can boast of having technologically-driven products and services such as Flutterwave, Opay, Andela, Interswitch and Jumia.

“This shows the growing significance of ICT in driving the economy,” he added.

Mr Pitan also added that the BOI, through its corporate social responsibility programmes, would proactively continue to support the establishment of tech hubs across the country.

He said the ICAN-BOI tech hub collaboration brought the total tech hubs established by BOI to 10 in six states across the country.

“Structurally, the ICAN-BOI tech hub boasts of over 250 co-work desks, meeting rooms, private offices, a relaxation centre and a hybrid area for organising competitions and hackathons.

“In collaboration with ICAN, we have made provisions for all divider networks, IT equipment, power supply and all required to enable the hub function at optimal capacity.

“The bank is committed to making all its financing products and services available to bankable projects that emanate from users of the tech hub.

“We are confident that this hub will help users to innovate, incubate, collaborate and scale up as they become employers of labour and contributors to the economy of the nation,” he said.

The 57th ICAN President, Mrs Comfort Eyitayo, adding her input said the hub was positioned to empower users through different stages from idea generation to actualisation of products or services.

Mr Eyitayo expressed gratitude to the management of BOI for partnering with the institute to ensure members and youths were equipped with the necessary skills for economic growth and development.

On his part, the ICAN Registrar, Professor Ahmed Kumshe, commended Eyitayo, who through the ICAN Entrepreneurship Development Centre initiative brought about the partnership with BOI that resulted in the establishment of the tech hub.

He urged the institute to enlighten members and students to maximise the benefits of the hub since technology had taken over every aspect of life, especially in finance.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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UK Strengthens Ties With Kano, Jigawa on Sustainable Development

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UK Kano Jigawa

By Adedapo Adesanya

The United Kingdom has reaffirmed its development partnership with Kano and Jigawa States, as part of its long-term commitment to development and reform in northern Nigeria.

The Head of Development Cooperation at the British High Commission Abuja, Ms Cynthia Rowe, recently completed high-level engagements with governors of both states as well as senior government officials and civil society leaders.

The discussions underscored the UK’s modern approach to development as a genuine partnership with Nigeria, which prioritises state-led ownership and sustainable development that delivers lasting impact through strengthening systems and partnerships grounded in investment, trade, climate financing, technical expertise and joint accountability.

According to a statement, the Foreign Commonwealth and Development Office, via the British High Commission, said Nigeria remains one of the UK’s most significant development partners, adding that the engagements underlined the strength and ambition of the bilateral relationship reaffirmed during the recent UK-Nigeria State Visit.

In Kano, Ms Rowe met with Deputy Governor Alhaji Murtala Sule Garo and senior officials, including the newly confirmed Head of Civil Service and Secretary to the State Government. The visit recognised Kano’s progress on climate finance, health system reform and private sector investment supported through UK technical assistance.

In Jigawa, she met with Governor Umar Namadi and heads of key ministries, departments and agencies. The meeting celebrated more than 25 years of UK-Jigawa partnership, one of the most longstanding bilateral development relationships at the subnational level in Nigeria. Discussions covered the state’s continued progress on health systems reform, agriculture, and governance and the path forward under UK technical assistance.

Since 2022, PLANE has supported Kano, Kaduna and Jigawa to strengthen state-led education delivery systems, working through Ministries of Education, SUBEB and key agencies. Its RANA+ foundational learning packages have reached 1.4 million pupils across the three states, alongside wider system strengthening.

Speaking on this, Ms Rowe said, “For more than 25 years, we have worked side by side with state governments, including Jigawa and Kano states, their communities, and civil society to build stronger health systems, improve learning outcomes for millions of children, support farmers to grow their businesses, and help states attract the investment they need to thrive.

These visits have reinforced our confidence in what this partnership can achieve. We are working together to deliver lasting change, and deepening a relationship built on genuine mutual respect and shared ambition for Nigeria’s growth and development.”

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CBN Partners NiMet to Integrate Climate Data Into Economic Planning

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CBN Ways and Means

By Adedapo Adesanya

The Nigerian Meteorological Agency (NiMet) has signed a Memorandum of Understanding (MoU) with the Central Bank of Nigeria (CBN) on data sharing to enhance economic productivity.

This was done at a meeting at CBN Head Office in Abuja, where the weather body led by its Director General, Mr Charles Anosike, on Wednesday, highlighted the importance of integrating weather and climate data into economic research, especially in sectors such as agriculture, energy, and transportation.

He noted that extreme weather events can reduce agricultural productivity and threaten food security.

He added that the collaboration aligns with the Renewed Hope Agenda of President Bola Tinubu, which prioritises food security through major agricultural investment, including the cultivation of 10 million hectares of land and the distribution of mechanised equipment.

Mr Anosike cited a 2026 World Bank report that showed that extreme weather driven by climate change is significantly affecting global food security, with more than 87 million people facing hunger in East and Southern Africa and 52 million in West and Central Africa.

He also referenced the latest Berkeley Earth Report, which projects that 2026 is likely to be the fourth warmest year on record, a trend that continues to shape agricultural and energy market projections.

In his remarks, Mr Muhammad Sani Abdullahi, Deputy Governor, Economic Policy Directorate of the CBN, said the signing of the MoU marked an important step in strengthening the partnership between two key national institutions whose mandates intersect in data, research, and policy support.

He emphasised that, in an increasingly complex and dynamic economic environment, timely and reliable data remain essential for effective policy decisions.

According to him, the Economic Policy Directorate relies heavily on timely and credible statistical information from NiMet, saying that such data are critical for inflation monitoring, agricultural sector assessment, and broader economic policy advisory functions.

He described the initiative as both timely and important, adding that strong institutional partnerships are essential for strengthening evidence-based policymaking and improving the robustness of national data systems.

At the close of the event, Mr Anosike and Mr Sani Abdullahi signed the MoU on behalf of their respective institutions.

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POS Operators Barred Within 200 Metres of Police Stations

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IGP Tunji Disu

By Adedapo Adesanya

The Inspector-General of Police (IGP), Mr Tunji Disu, has ordered an immediate nationwide ban prohibiting Point-of-Sale (POS) operators from running their businesses within a 200-metre radius of any police station, divisional headquarters, or police formation across Nigeria.

This directive, released via an internal police wireless message, addresses critical systemic challenges regarding extortion and corrupt financial practices within law enforcement facilities.

The order is to be strictly enforced nationwide, with senior officers overseeing various formations to be held accountable for any breach of the directive.

The Nigeria Police Force stated that the measure is intended to strengthen transparency, accountability, and public confidence in the policing system.

The decision comes after an alarming proliferation of POS businesses near police facilities, with investigations and public complaints revealing that some operators were actively complicit in facilitating extortion, bribery, and illegal cash transfers forced upon civilians or suspects during police encounters.

Under the directive, Assistant Inspectors-General of Police (AIGs), State Commissioners of Police (CPs), and heads of formations will be held vicariously liable for any breach within their jurisdictions.

The IGP’s order states: “Any officer or POS merchant found flouting the 200-metre operational boundary or colluding in illicit transactions will face immediate disciplinary and criminal actions under extant laws.

“If you are a POS agent or looking into regulatory compliance for financial services in Nigeria, let me know. I can provide details on current Central Bank of Nigeria (CBN) radius registration guidelines or share methods to report officer misconduct directly to the Force Headquarters.”

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