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Data Governance will Ensure Maximum Value Derivation from Digital Economy – DG NITDA

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AJAGBE ADEYEMI TESLIM

Sponsored by: H&H

As data affects how we make decisions on the path to creating a sustainable future especially in the post-COVID-19 era and the emerging challenges, the Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa CCIE said that the governance of data and how Nigeria as a country seeks to position herself in this agenda is key to ensuring that maximum value is derived, and provide the needed support for the thriving innovation ecosystem.

Inuwa who was represented by the Acting Director, Digital Economy Development Department (DED), Engr. Salisu Kaka made this statement while delivering his welcome address at a stakeholders’ engagement on the Draft National Data Strategy (NDS) organised by NITDA in Abuja.


The Stakeholders’ Engagement is to provide information about the proposed NDS; opportunities for stakeholders to discuss their opinions and concerns; address expectations and misconceptions regarding the NDS and discuss the potential impacts of the strategy.


Inuwa stated that, “the non-depletion characteristics of data make it a special asset for the creation of value and is of key strategic importance for both the public and private sectors. Its proper utilisation can create a competitive advantage, especially for Micro, Small, and Medium Enterprises in this era of data economy.”


Speaking on the Draft, Inuwa noted that the strategy seeks to create an enabling environment for access to data to develop the digital economy, adding that it also supports the development of Data Infrastructures, Data for Public Good, Open Government Data, Data Privacy and Protection, and Upskilling Nigerians in both public and private sectors”.


The DG opined that data collection/acquisition, transmission, storage/warehousing, processing, use, and protection must be carried out in a manner that is respectful of the rights enshrined in the constitution of Federal Republic of Nigeria.


He added that Nigeria Data Protection Bureau (NDPB) has also been created to further mainstream data privacy and Protection.
Presenting the Nigeria Data Strategy to stakeholders Mr. Lukman Lamid said “the essence of the engagement is not just to have an excellent document but one that can be implemented”.


He said the vision of NDS is “to make Nigeria one of the top leaders in the global data economy translating into prosperity of all.”
Mr. Lamid explained that, “the mission of the NDS is harness the economic and social values of data for the advancement of Nigeria.

He added that the goal is to make data as accessible, sharable, and actionable as possible for all categories of stakeholders who might need it for economic and social gains.”
While noting that the value proposition of the NDS is ownership, security and privacy, public good, job creation, and global competitiveness.


Mr. Lamid said it will also take cognizance the global issues around Data and Data Strategy such as; data security and protection, data privacy, data sovereignty, and data mobility and cross-border data flows.


The event witnessed four break-out sessions. While the first and second break-out session focused and made recommendation on the NDS aspirations (vision, mission, goals, objectives, principles, and value proposition), Governance, and Ecosystem structure, the third and fourth discussed and made recommendations on the NDS enablers, drivers, pillars, and implementation strategy.

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Access Bank Appoints Uche Orji as Independent Non-Executive Director

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Access Bank Appoints Uche Orji as Independent Non-Executive Director

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Access Holdings Plc (‘the Company’) is pleased to announce the appointment of Mr. Uche Orji as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc (‘the Bank’), effective from January 7, 2025, following the approval of the Central Bank of Nigeria (‘CBN’).

This appointment reflects our commitment to enhancing our governance practices and ensuring a diverse and experienced board.

Mr. Orji is a renowned investment banking professional, information technology entrepreneur, and finance expert with three (3) decades of professional and board experience. He is the Co-founder and Partner of Titangate Capital Management, an equity firm that invests in deep-tech, enterprise software, semi-conductors, hardware, and artificial intelligence companies.

He is the Founder and Director of Vitesse Africa Limited, an investment advisory firm focused on African energy, technology and infrastructure sectors. He serves as an Executive Board member and investor in Ultrasafe AI, an artificial intelligence/IT development firm that maintains strategic collaborations with leading technology companies. He also sits on the Board of Private Infrastructure Development Group, London, and chairs the Risk Committee.

Previously, Mr. Orji served as the founding Managing Director and Chief Executive Officer of Nigeria Sovereign Investment Authority. He held positions as Managing Director and Senior Analyst at UBS Securities Limited New York and Managing Director and Head of European Technology/Semiconductor Equity Research at JP Morgan Securities, London. He also served as Executive Director/Portfolio Manager at Goldman Sachs Asset Management, London. Earlier in his career, he was Acting Financial Controller at Diamond Bank Limited and an Audit Trainee at Arthur Andersen & Co.

He holds a Bachelor of Engineering Degree in Chemical Engineering from the University of Port-Harcourt and a Master of Business Administration from Harvard Business School.

Commenting on the appointment, Mr. Paul Usoro, SAN, the Chairman of the Bank said:

“Mr. Orji has been appointed based on his exceptionally rich professional, academic, and corporate board experience which will be invaluable to the Bank as we continue to pursue our strategic objectives.

We are confident that his addition to the Board would further enrich the quality of our decision-making process, enabling us to deliver even greater value to our customers and stakeholders.

His appointment has been made in accordance with the Bank’s internal policies and has been notified to all relevant regulatory authorities underscoring our commitment to upholding the highest standards of corporate governance.

On behalf of the Board, Management and staff, I warmly welcome Mr. Orji to the Board and look forward to his contributions towards our goal of becoming one of the top 5 African Banks in the shortest possible time.”

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Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit

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Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The National Association of Nigerian Students (NANS), Lagos State University (LASU) branch, on Friday paid a courtesy visit on the Speaker of the Lagos State House of Assembly, Princess Mojisola Lasbat Meranda.

The student representatives said the visit was to congratulate Meranda over her emergence as Speaker of the State Assembly.

Meranda, an alumnus of LASU, was elected Speaker on January 13 after the removal of Mudashiru Obasa by the lawmakers over issues relating to alleged high-handedness and financial impropriety.

Describing her as a thoroughbred Lagosian, the chairman of NANS, Abdulraheem Azeez, used the opportunity to list some of the challenges faced by students in the university.

According to him, students have had to read in darkness as the Ikeja campus gets less than two hours of power supply daily.

Azeez also raised the need for the State to make available loans for indigent students as well as for the Assembly to provide opportunities for students to witness the plenary of the House.

Meranda, while thanking the students for the visit, urged them to always attend town-hall meetings in their constituencies where they can contribute and make their opinions known.

She further encouraged them to apply for the loans initiated by the government as done by students in other countries.

The Speaker requested the students to formally send their complaints in written forms to the House for action.

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EFCC Tasks Corps Members on Corruption

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

EFCC Tasks Corps Members on Corruption

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede charge members of the National Youth Service Corps, NYSC, to be change agents and strong resisting force against corruption.

He also enjoined them to be active foot soldiers and whistle-blowers or intelligence-gatherers against corruption.

Speaking on Thursday, January 30, 2025 at the NYSC Orientation Camp, Yikpata, Edu Local Government Area of Kwara State, Olukoyede said It is important for youths to realise that, these roles, if performed creditably, will bring up appreciable growth in the economy of our nation. He said that, “creative energies of youths will be maximised when corruption is brought to its knees.”

The EFCC boss whose address was delivered by the Head, Public Affairs Department, Ilorin Zonal Directorate of the EFCC, Ayodele Babatunde said that most of the problem confronting the country such as kidnapping, banditry, poor infrastructure, among others were connected to corruption. He added that all hands must be on the deck to tame the cankerworm.

Olukoyede encouraged the youths to embrace the virtues of hard work and shun fraudulent practices such as cybercrime noting that, “it’s profitable to earn dignity and fame through hard work and legit business.”

While calling on the youths to channel their potentials productively and shun crime, the EFCC Chair said that, “Yahoo-Yahoo is not a sustainable way of life.”

“There is no shortcut to wealth and fame. The fact that the rate of unemployment is high should not be an excuse to resort to crime. Act of criminality might deliver wealth in the short term but there will be misery and gnashing of teeth”, he said.

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