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NCC Tasks Nigerian Businesses to Embrace AI, ML, Others

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By Adedapo Adesanya

The Nigerian Communications Commission (NCC) has said that Artificial Intelligence (AI), Machine Learning (ML), and other groundbreaking technologies have the potential to revolutionise industries in the country.

Speaking at an event recently, the Executive Vice Chairman of NCC, Mr Umar Danbatta, who was represented by Mr Alkasim Umar, the Director of the Consumer Affairs Bureau of NCC, said these technologies would shape healthcare, finance, manufacturing, and transportation sectors.

He said that AI-powered algorithms were enabling more accurate predictions, enhanced decision-making, and automation of mundane tasks.

According to Mr Danbatta, by using AI to analyse vast amounts of data, businesses can gain valuable insights and optimise their operations to deliver better products and services.

“Another tech disruption that is transforming industries is the Internet of Things (IoT). With the proliferation of connected devices, IoT is revolutionising how we interact with our surroundings.

“Industries such as agriculture, energy, and logistics are leveraging IoT to optimise resource usage, monitor equipment maintenance, and improve overall efficiency.

“IoT-enabled sensors and smart devices provide real-time data, enabling businesses to make informed decisions and optimise their processes,” he said at the recently concluded two-day 2023 ICTEL Expo organised by Lagos Chamber of Commerce and Industry (LCCI) in Lagos.

He added that blockchain technology was another transformative force that was reshaping industries, especially in finance and supply chain management.

The NCC boss said that blockchain created decentralised and immutable ledgers, which ensured transparency, security, and efficiency in transactions.

He explained that the technology had the potential to streamline processes, reduce costs, and eliminate intermediaries, leading to greater trust and collaboration between business partners.

On the fifth generation network, Mr Danbatta said it was enabling new possibilities in areas such as autonomous vehicles, augmented reality, and telemedicine.

He added that the convergence of technologies such as Virtual Reality (VR) and Augmented Reality (AR) was disrupting multiple industries, particularly in entertainment, education, and retail.

Mr Danbatta noted that VR and AR technologies offered immersive and interactive experiences that could transform how we learn, shop, and entertain ourselves.

“As we navigate the era of tech disruptions, it is crucial for businesses to embrace innovation and adapt to the changing landscape.

“Companies that are agile and willing to experiment with these emerging technologies will gain a competitive advantage in their respective industries.

“In line with our plan, we recognise that the rapid pace of technological advancement is disrupting industries across the globe. Nigeria is no exception,” Mr Danbatta said.

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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UBA’s Abiodun Coker Wins Future Leader in Media Management Award

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Abiodun Coker

By Modupe Gbadeyanka

The Media and External Relations Lead of United Bank for Africa (UBA) Plc, Mr Abiodun Coker, has been crowned the Future Leader in Media Management.

He clinched this award at The Industry Summit/Awards held on Friday, May 2, 2025, in Lagos, with several persons from across all sectors in attendance.

Mr Coker’s recognition further cements his growing reputation as one of Nigeria’s most dynamic and future-ready communications leaders, with his eyes firmly set on redefining the media management landscape.

The award jury, chaired by Mr Tolulope Ogunjobi, a renowned broadcast business correspondent and Business Editor at TVC News, said Mr Coker was bestowed with the honour because of his exceptional achievements in the public relations field during the year 2024.

The team said one of them was his masterful handling of UBA’s 2024 rights issue, which successfully closed on December 24, 2024, and the impactful execution of the bank’s 75th Anniversary Campaign, both of which were described as commendable and exceptional.

According to the jury, his management of UBA’s media ecosystem during the year under review was remarkable, with several media professionals praising his public relations craftsmanship and ability to skilfully manage the image of one of Africa’s most formidable financial brands.

“Abiodun Coker’s achievements in 2024 are a beacon for greater accomplishments ahead. He is undoubtedly one of the strategic communication experts to watch in 2025,” the jury noted.

A seasoned professional, Mr Coker’s journey from an acclaimed financial journalist at BusinessDay Newspapers to a powerhouse in corporate communications has been nothing short of inspiring.

With over eight years of robust journalism experience, coupled with leadership roles at top-tier public relations firms such as BD Consult Ltd and Quadrant, he has consistently demonstrated his ability to transform and manage leading brands successfully.

Organized by The Industry Newspaper, the leading brand marketing publication in West Africa, the prestigious awards recognize outstanding professionals shaping the future of brand marketing and communications across the region.

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FG Reassures Investors More Enabling Investment Climate

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By Adedapo Adesanya

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has reiterated the federal government’s commitment to fostering a more enabling investment climate, anchored on macroeconomic stability, structural reform, and a clear pathway to inclusive prosperity.

He gave this assurance at a high-level private dinner, organized by Kuramo Capital Management Lagos as part of Africa Venture Capital Week.

The Minister lauded Kuramo Capital and its partners for their steadfast belief in Africa’s promise and highlighted the alignment between private capital and Nigeria’s renewed hope reform agenda.

According to a statement, participants recognized the vital role of blended finance and innovation in driving sustainable development.

The event brought together a distinguished group of global investors, development partners, and business leaders for a candid exchange on unlocking long-term capital for Africa’s growth and transformation.

It also marks Kuramo Capital’s first formal convening in Nigeria in several years, underscoring a renewed sense of commitment to deepening its strategic footprint across the continent.

Mr Edun said with this renewed commitment, the federal government is poised to unlock new opportunities for economic growth, investment, and inclusive prosperity.

He also called for more investment into the country, assuring participants that the right mechanisms are being put in place towards driving Nigeria’s development and improving the lives of its citizens.

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FG Moves to Fast-Track Household Cash Transfer Scheme

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By Adedapo Adesanya

The federal government is fast-tracking the implementation phase of its economic and financial inclusion strategy aimed at improving access to economic opportunities for Nigerians.

This was disclosed by the Deputy Chief of Staff to the President, Mr Ibrahim Hadejia, at the inaugural meeting of the Technical Committee of the Presidential Committee on Economic and Financial Inclusion (PreCEFI).

He said that “Financial inclusion is not just about having a bank account—it means access to quality services, credit, and the visibility that digital platforms offer.”

The meeting was held at the Presidential Villa, Abuja, on Wednesday.

The federal government established an inter-agency task force to address challenges delaying President Bola Tinubu’s approved conditional cash transfers to 15 million vulnerable households.

The task force includes the National Identity Management Commission (NIMC), National Social Safety-Nets Coordinating Office, National Cash Transfer Office (NCTO), Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement System (NIBSS).

The mandate of the taskforce goal is to unlock bottlenecks and fast-track the distribution of critical financial support to Nigeria’s most vulnerable.

The meeting also endorsed steps to work with state governments in localising data from the Enhancing Financial Innovation and Access in Nigeria (EFInA) Access to Financial Services survey – a biennial study conducted by the EFInA.

Mr Hadejia explained that the meeting brought together high-level stakeholders from government agencies, financial institutions, and academia to align on the President’s vision and execution roadmap.

“We are off to a very good start. What has led to the success of what we’ve done so far is alignment and inclusive stakeholder engagement,” he said.

On hsi part, the committee’s Secretary, Mr Nurudeen Zauro, said the meeting also approved PreCEFI’s strategic roadmap and governance structure.

Mr Zauro, who is also the Technical Advisor to the President on Financial Inclusion, said ” an inter-agency committee has been established to address delays in the disbursement of conditional cash transfers to 15 million households as mandated by President Tinubu.

“We will be presenting the report to the National Economic Council and the Nigerian Governors Forum to ensure data is domesticated and acted upon at the subnational level.”

Also, Director-General of NIMC, Mrs Abisoye Coker-Odusote, explained that digital identity plays a foundational role in achieving inclusion goals.

“The beauty of the NIN is that it bridges the financial divide. It provides access to health, education, and agricultural services and strengthens national data infrastructure,” she said.

The Director of Consumer Protection and Financial Inclusion at the CBN, Mrs Aisha Isa-Olatinwo, urged the committee to focus on implementable outcomes that serve those at the base of the pyramid.

According to her, financial inclusion is one of the eight reform pillars of the President’s agenda.

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