By Adedapo Adesanya
Nigeria needs to invent and produce cutting-edge Artificial Intelligence (AI) applications for education, business, medicine and security.
This was the view of Nigeria’s Vice President, Mr Yemi Osinbajo, at the founding class (2021) of the Nigerian University of Technology and Management (NUTM), Lagos.
Mr Osinbajo, while giving a keynote address at the event, also called for an effective collaboration between public and private sectors to build world-class institutions focused on innovation in science, technology and management sciences that would help proffer solutions to the country’s challenges.
NUTM is a top-notch school of innovation and technology focused on nurturing leaders in Nigeria and Africa, promoted by Mr Okey Enelamah, immediate past Industry, Trade and Investment Minister.
“The most significant problems of this generation, especially in Africa, will require innovation in science, technology and the management sciences, especially entrepreneurship and innovative leadership if we are to stand a chance of resolving them,” the VP was quoted as saying in a statement released by his media aide, Mr Olaolu Akanda.
The Vice President said that the graduands of the NUTM programme had what was required to be among those who would in the future, provide solutions to national and global challenges in different sectors.
“I think sitting before us today, the graduands of the NUTM Scholars Programme, we might just be beholding the men and women with the answers to some of the world’s most significant challenges.
“And there are many challenges indeed. We need to invent and produce cutting-edge AI applications for education, business, medicine and security.
“We need to design the educational innovation required to train millions of children in or out of classrooms all across the country and on our continent, and provide the techniques for delivering opportunities in technology on the scale,” he said.
Mr Osinbajo said that in Agriculture, Nigeria needed to invent advanced devices, precision agriculture methodologies, and robotic systems
He said such inventions would guarantee the huge yields per acreage or volumes in dairy and livestock to meet the food security needs of a country headed for the third position in global population size in a few short years.
“And we are waiting for the breakthrough in the treatment of peculiar African health challenges such as sickle cell disease, fibroids and cancers.
“There is so much to do. But we know that ground-breaking innovation in technology or commerce will always be the product of the work of well-trained people.
“Which is why the NUTM Scholars Programme was designed to offer cutting-edge knowledge in Technology, Entrepreneurship and Design; Management; Perspectives in breakthrough Leadership ideas, Critical thinking and Writing.”
According to him, the goal of the university is to train and equip highly sophisticated crack technology, innovation and management experts.
“The students are the first cut of that dream team. And, we are holding our breath waiting for you to step into your destined roles.
“First, every major innovative breakthrough in science, technology or the social sciences was the product of patient collaborative work, sometimes across nations.
“There is no innovation yet around the hard and, sometimes, long task of creating rare value,” he said.
According to him, the second reason why most people will never attain significance is that they are only interested in themselves and their personal successes.
“But to earn significance, one must do something much bigger than oneself, a big idea, a massive game-changer should always be your target.
“Third is developing a mindset that you are as good as anyone who has ever developed a game-changing idea.
“Problem-solving innovators are, after all, men and women not spirits. And this is important because the way not to achieve is to have a mind that is incapable of seeing huge things,” he said.
While commending the founders, management and academics of the NUTM for the great work, Osinbajo told the graduands that those who built Dubai were men and women, not spirits.
In his welcome remarks, Mr Enelamah, who is also the Chairman of the Governing Board of the University, thanked the vice president for attending the event.
He added that NUTM was a pioneering higher education institution that had been established to nurture leaders and innovators to create an impact in Africa and other parts of the world.
NCC Tutors Nigerians How to Tackle Flubot Malware
By Sodeinde Temidayo David
The Nigerian Communications Commission (NCC) has alerted Nigerian telecom users of the existence of a new high-risk and extremely damaging malware called Flubot.
The NCC’s Director of Public Affairs, Mr Ikechukwu Adinde, said the malware is like every other malicious software and program designed specifically to disrupt, damage, or gain unauthorized access to a computer system.
“When Flubot infects a device, it can result in incalculable financial losses. Additionally, the malware creates a backdoor which grants access to the user’s device, thus enabling the invader or attacker to perform other criminal actions, including launching other variants of malware,” he said.
Information from the Nigeria Computer Emergency Response Team (ngCERT) revealed that Flubot malware targets androids with fake security updates and app installations.
The Flubot impersonates android mobile banking applications to draw fake web views on targeted applications, and its goal transcends stealing personal data and essentially targets stealing of credit card details or online banking credentials.
This malware can also be circulated through Short Message Service (SMS) and can snoop on incoming notifications, initiate calls, read or write SMSes, and transmit the victim’s contact list to its control centre.
It attacks Android devices by pretending to be FedEx, DHL, Correos, and Chrome applications and compels unsuspecting users to alter the accessibility configurations on their devices in order to maintain a continuous presence on devices.
The new malware damages the security of devices by copying fake login screens of prominent banks, and the moment the users enter their login details on the fake pages, their data is collected and transmitted to the malware operators’ control point.
This control quarter is where the data is exploited by intercepting banking-related One Time Passwords (OTPs) and replacing the default SMS app on the targeted Android device.
The malware is also capable of securing access into the device through SMS and proceeds to transmit similar messages to other contacts that may be on the device it has attacked, enticing them into downloading the fake app.
In a bid to tackle this malicious action, protect millions of telecom consumers and prevent criminal forces from using telecom platforms to execute fraud and complete damages, the NCC also listed measures to guard against attacks from Flubot.
Telecom users are expected not to install any app or security update following a page request, also not to click on any link when they receive a suspicious text message.
Users should also consider the use of updated antivirus software that detects and prevents malware infections, and apply critical patches to the system and application.
Also, the use of strong passwords and enabling Two-Factor Authentication (2FA) over logins should be embraced.
Data should be Backed-up regularly, and if affected by this campaign, victims should reset their device to factory mode as soon as possible as this will delete any data on your phone, including personal data.
According to the NCC, backups made after installing the malicious program should not be restored, and victims may contact ngCERT platform for technical assistance.
Infected personnel will also need to change the passwords to all of y online accounts, with urgency, around online bank accounts.
If anyone has concerns that their accounts may have been accessed by unauthorized people, they are advised to contact their bank immediately.
Interswitch Unveils Report on Future of Africa’s Digital Economy
By Modupe Gbadeyanka
A report aimed to help drive the growth of African businesses through blockchain technology has been unveiled by Interswitch Group, a leading integrated digital payment and e-commerce company on the continent.
The whitepaper titled Blockchain Technology: The Future of Africa’s Digital Economy, according to the Managing Director of Transaction Switching and Payment Processing at Interswitch, Mr Akeem Lawal, “was inspired by the need to demystify the ambiguity around blockchain technology for African businesses, thereby driving digitization and socio-economic growth across African markets.”
“We are passionate about empowering Africans and advancing the African payment landscape, and we are consistently identifying opportunities and exploring innovative ways to enable businesses to transform and scale,” he added.
Blockchain technology is a digital ledger that stores transactions. Essentially, it is a digital system for recording transactions in multiple places at the same time thereby making it impossible to falsify the data stored on it. The technology is evolving globally and businesses are integrating Blockchain technology into their business infrastructure.
The whitepaper document released by Interswitch contains details on how businesses can leverage blockchain technology to transform their businesses and the prospects it portends for the future of Africa’s digital economy.
Mr Lawal disclosed that the document encapsulates the benefits of blockchain technology and how it will help strengthen businesses because of its efficiency, better security in keeping records and safety.
“While the blockchain technology is a relatively new phenomenon in Nigeria and Africa, we are particularly excited about our partnership with Interstellar with whom we are developing a native blockchain infrastructure that is tailored to suit the African market,” he stated.
“This initiative will deepen digital payment, lower the cost of local and cross border payment as well as champion the cause for localization of emerging technology,” Mr Lawal assured.
He urged everyone to read the whitepaper document because it addresses existing challenges in the Fintech sector and simplifies the use of blockchain technology in unravelling these challenges.
Google Thrills Android Lovers With Pixel 6, Pixel 6 Pro
By Ashemiriogwa Emmanuel
It is an exciting moment for Andriod and Pixel lovers as Google is set to reveal its new Pixel 6 and 6 pro phones in a few hours’ time.
While the multinational technology company traditionally holds an October hardware event to reveal its new Pixel phones, it is a new thing that it had already announced this year’s innovations to be unveiled.
“On October 19, we’re officially introducing you to Pixel 6 and Pixel 6 Pro—the completely reimagined Google phones. Powered by Tensor, Google’s first custom mobile chip, they’re fast, smart, and secure. And they adapt to you. #Pixel6Launch,” the company had earlier disclosed.
However, the excitement from fans all over the globe seems to be below expectation given that a lot has already been learned about the upcoming Google flagship, thanks to some leaks on the key details of the phones which have been in circulation before now.
There are no confirmations on what the new products will function like, but various leaks have it that the regular Pixel 6 is set to have a 6.4-inch FHD+ display with a 90Hz refresh rate.
It has also been speculated to sport a 50MP main camera and a 12MP ultrawide, while the Pixel 6 Pro ups the ante with a 6.71-inch QHD+ display with a 120Hz refresh rate and a third 48MP telephoto camera with 4x optical zoom.
Regardless, the introduction of the two new versions will see not only a significant departure from previous Pixels but also Google’s first attempt at its own silicon & Artificial Intelligence – a revolutionary outcome for Android users.
What has been confirmed is that the Pixel 6 and Pixel 6 Pro will be the flagship devices for the latest Android version – 12, which also has a major visual design change.
The event which is themed Pixel Fall Launch will not only focus on the introduction of Pixel 6 and Pixel 6 Pro as there is room for surprises, that is, the unveiling of sister gadgets or applications.
According to Google, the launch is scheduled to commence at 10 a.m. PT / 1 p.m. ET / 6 p.m. BST. This means that for West African Time, it will be watchable starting from 6 pm today, and can be viewed on several platforms using various live-stream options.
Like Our Facebook Page
Latest News on Business Post
- Nigerian Exchange Jumps 0.14% on Renewed Investor Confidence October 23, 2021
- First Bank Reacts to Rumoured ‘Acquisition’ by Otedola October 23, 2021
- Investors, Exporters Exchange Dollar at N415.07 Friday October 23, 2021
- Road Infrastructure Tax is to Bridge Nigeria’s Revenue Gap—Nami October 23, 2021
- Oil Climbs 1% on Tightening Crude Supply October 23, 2021
- Finance Minister Insists Nigeria Does Not Have Debt Problem October 23, 2021
- Heifer Gathers Stakeholders to Discuss Youth Empowerment October 22, 2021
- NCC Tutors Nigerians How to Tackle Flubot Malware October 22, 2021
- Price of Diesel Rises 0.17% in One Month October 22, 2021
- FG to Support Cholera-riddled Kano, Jigawa, Bauchi October 22, 2021
Feature/OPED2 years ago
Davos was Different this year
Economy5 years ago
Kwara Disburses N1.7b For Projects
Technology10 months ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN
Travel/Tourism5 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
Economy5 years ago
How To Identify Fake Naira Notes
Banking3 years ago
Sort Codes of GTBank Branches in Nigeria
Economy4 years ago
FAAC: FG, States, LGs Share N655.18b in January
Economy4 years ago
NSE Market Capitalisation Sheds N76b as Sell‐offs Persist