News

AfriTECH 4.0: Blockchain, AI Offer Africa Unprecedented Opportunities – NITDA DG

 

Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has highlighted the transformative potential of blockchain and AI in positioning Africa as a global technology leader.

 

In his keynote address, titled “Blockchain Technology & AI: Positioning Africa for the Future,” and delivered at the Africa Tech Alliance (AfriTECH 4.0) Forum held in Lagos recently, Abdullahi emphasized Africa’s unique position to leverage these technologies for economic and social development.

 

With mobile penetration at 80% and a rapidly growing youth population, Africa, he noted, is fertile ground for digital transformation, noting that Blockchain and AI offer unparalleled opportunities to propel Africa into the future as a leader in the global digital economy.

 

“Both blockchain and artificial intelligence are powerful technologies that offer Africa unprecedented opportunities. By strategically integrating these technologies, we can propel Africa forward as a dynamic leader in the global digital economy,” he said.

 

Abdullahi who was represented at the event by Mrs. Rita Shoremi, Head, Startup Innovations and IT solutions, NITDA, South West Zone, outlined the potential of blockchain to address challenges in financial inclusion, governance, and property rights across the continent arguing that with over 57% of Africans unbanked, blockchain can extend financial services to underserved regions, adding an estimated $300 billion to Africa’s GDP by 2025.

PHOTO: DG of NITDA’s representative: Mrs. Rita Shoremi, Head, Startup Innovations and IT solutions, NITDA, South West Zone.

 

“Africa stands at a unique juncture. Our continent has seen remarkable digital growth, with mobile phone penetration reaching 80% across sub-Saharan Africa according to a World Bank, 2022 report.

 

“Africa is also home to one of the world’s fastest-growing youth populations, over 60% of whom are under the age of 25 by a UN Population Data of 2022. These dynamics offer a fertile ground for digital transformation, and emerging technologies like blockchain and AI have the potential to redefine key sectors that fuel Africa’s economy,” Abdullahi stated.

 

Blockchain technology, he said, is gaining global recognition for its potential to bring transparency, security, and efficiency to multiple sectors, noting that for Africa, the applications of blockchain are wide-ranging and transformative especially in   combating corruption and securing land ownership through transparent digital records.

 

On Artificial Intelligence and its role at driving productivity and innovation, the NITDA DG averred that AI, as a cornerstone of the Fourth Industrial Revolution, is expected to contribute over $15 trillion to the global economy by 2030, adding that for Africa, AI can transform critical sectors, from healthcare to agriculture and education, driving progress and closing infrastructural gaps.

 

Abdullahi highlighted AI’s transformative role in agriculture, healthcare, and education, and stressed that AI-driven solutions are improving crop yields and optimizing resources in agriculture, while AI diagnostics help bridge healthcare gaps.  Additionally, AI-powered education platforms can address Africa’s shortage of teachers by providing personalized learning at scale.

 

To fully capitalize on blockchain and AI, Abdullahi emphasized the need for supportive policies, strategic partnerships, and youth empowerment and noted that NITDA’s eight-pillar strategy aligns with Nigeria’s goals for digital literacy, infrastructure access, and global research collaboration, with a goal of achieving 70% digital literacy by 2027.

 

He opined that there has not been a time when the government of the day in Nigeria, has shown much interest as well as being intentional about economic transformation rooted in technical efficiency and innovation than now.

 

“The focus on AI research with an ambitious global target is just one aspect. Presently we are already operating a centre called The National Centre for Artificial Intelligence and Robotics which has remained focused on supporting young entrepreneurs with innovative ideas as well as building the capacity of young Nigerians in the Area of AI,” he said.

 

Abdullahi insisted that while technological innovation is one single factor that can change the story of Nigeria as a nation, AI is the force to power these innovations, democratize its access and catalyse the nation into a new horizon.

 

He expressed the hope for a future where the collaboration between governments and the AI research community leads to new frontiers of knowledge and economic prosperity and underscored Africa’s potential as a pioneer in the digital revolution.

 

While urging stakeholders to harness these technologies to drive economic prosperity and social inclusion, Abdullahi tasked participants by declaring: “Africa’s potential in the digital age is boundless. By embracing blockchain and AI, we can create a future where technology serves as a bridge to economic growth, social inclusion, and sustainable development.

 

“We are not just spectators in the digital revolution; we are pioneers. Let us seize this moment to place Africa at the forefront of global innovation.”

Leave a Comment

Your email address will not be published.

You may also like

Announcements Business Culture Economy

Nigeria’s Economic Handlers Must Buck Up: A Wake-Up Call

post-image

 

The recent announcement by Holcim to exit the Nigerian market after a 65-year presence is a stark reminder of the deteriorating economic climate in the country. This departure, coupled with the ongoing exodus of other multinational corporations, demands urgent attention and decisive action from Nigeria’s economic handlers.

John Paul Emechebe, Head of On-Premise at Red Bull, aptly highlighted the gravity of the situation. The combination of unfavorable economic policies, infrastructure deficiencies, regulatory hurdles, and security concerns has created a hostile environment for businesses, both domestic and foreign.

It’s imperative for the government to recognize that these challenges are not isolated incidents but systemic issues that require a comprehensive and coordinated approach. To stem the tide of corporate departures and attract much-needed foreign direct investment, the following measures must be implemented:

  • Economic Policy Reform: The government must prioritize the implementation of investor-friendly policies that foster a…
Read More
Art Business Economy

Pixel-perfect precision: Protecting today’s digital workforce’s visual health

post-image

For modern professionals who spend long hours focused on intricate digital tasks, maintaining eye health and comfort is critical. Yet many unknowingly put excessive visual strain on their eyes by working on cramped, low-resolution displays ill-equipped for detail-intensive applications.

 

This can have serious ramifications for both employee well-being and work quality. “Basic laptop screens and small desktop monitors simply don’t provide enough screen real estate or visual fidelity for precision tasks like coding, video editing or complex design work,” explains Tyrone Young, Head of Sales for Information Display and Information Technology, at LG Electronics South Africa.

When working on minuscule user interface elements, typography or intricately layered assets, visual acuity becomes very important. “Inadequate screen size or resolution can lead to excessive squinting and an uncomfortable viewing experience as users struggle to see fine details.”

This chronic eye fatigue can quickly drain productivity and open the door to more severe visual issues…

Read More
Business Technology Technology Trends Telecoms

NCC Champions Seamless, Safe, and Profitable Telecom Industry Through Type Approval Standards

post-image

 

In its relentless drive to create a thriving, efficient, and safe telecommunications landscape, the Nigerian Communications Commission (NCC) has implemented comprehensive standards for telecom equipment through its “Type Approval” process. These regulations are designed to ensure that every device used in Nigeria’s telecom ecosystem is not only safe but also operates seamlessly to support the industry’s growth and enhance the quality of service (QoS) for millions of Nigerians.

The NCC’s vision is clear: to make Nigeria’s telecom industry a model of excellence, fostering innovation, interoperability, and consumer satisfaction. As the industry regulator, the NCC recognizes that its role extends beyond oversight—it is about enabling progress and profitability for stakeholders, from operators to end-users.

A Commitment to Seamlessness and Safety

The Commission, empowered by the Nigerian Communications Act of 2003, emphasizes that its Type Approval standards are not just technical requirements—they are the backbone of a robust telecom environment. According to the NCC:

>…

Read More
Announcements Business Economy

Ifee Kojo Honored as Visionary Leader at CIO and C-Suite Awards 2024

post-image

In a remarkable moment of recognition, Ifee Kojo, PhD, the Country Manager for Hewlett Packard Enterprise (operated by Selectium), was honored as one of the Visionary Leaders in Technology and Business at the 5th Edition of the prestigious CIO and C-Suite Awards 2024.

A seasoned business leader, ethics advocate, coach, and facilitator, Dr. Kojo’s recognition at the awards highlights her profound impact on the technology and business sectors. The CIO and C-Suite Awards, renowned for celebrating leadership, innovation, and excellence across Africa, recognized her as an influential figure whose contributions have advanced both technological advancements and ethical business practices.

Dr. Kojo shared her gratitude with those who have supported her throughout her career. “I am humbled and deeply honored to be recognized as one of the Visionary Leaders in Technology and Business. This achievement is not mine alone. It is a reflection of the incredible teams I have worked with, the…

Read More
Announcements Business Economy Government Investments Technology Technology Trends

Dr. Vincent Olatunji Appointed as ID4Africa Deputy Ambassador for Nigeria

post-image

 

Dr. Vincent Olatunji, the National Commissioner of the Nigeria Data Protection Commission (NDPC), has achieved a significant milestone with his appointment as the ID4Africa Deputy Ambassador for Nigeria. This new role, set to commence on January 1, 2025, places Dr. Olatunji at the forefront of identity development efforts across Africa, solidifying his reputation as a key advocate for digital transformation and data protection.

The appointment is a recognition of Dr. Olatunji’s outstanding contributions to the fields of identity management and digital innovation. Announced by Dr. Joseph Atick, Executive Chairman of ID4Africa, the decision reflects Olatunji’s consistent dedication to advancing secure and inclusive identity systems, both within Nigeria and across the continent.

As a Deputy Ambassador, Dr. Olatunji becomes a member of the ID4Africa Ambassadors Bureau, an influential body that drives the vision of the ID4Africa Movement. This Bureau also serves as the Ambassadors Council, a governance platform that steers the continent’s…

Read More
Announcements Autos Business

Imo and Abia Must Wake Up: The Urgent Need to Boost IGR for Development

post-image

 

The recent Value Added Tax (VAT) contributions and allocations for South-East states from January to October 2024 have exposed a deeply troubling reality. While other states in the region, such as Anambra, Ebonyi, and Enugu, are making significant strides in generating revenue, Imo and Abia—both oil-producing states—are failing to live up to their potential.

Here’s a quick look at the VAT numbers:

Anambra: Contributed ₦40.13 billion, received ₦63.35 billion (157.9%).

Ebonyi: Contributed ₦21.98 billion, received ₦49.97 billion (227.3%).

Enugu: Contributed ₦12.99 billion, received ₦54.76 billion (421.4%).

Abia: Contributed just ₦6.50 billion, received ₦51.59 billion (793.1%).

Imo: Contributed a paltry ₦3.33 billion, yet received ₦57.22 billion (1,715.9%).

Imo and Abia, both blessed with abundant natural resources, are lagging embarrassingly behind in revenue generation. Despite their oil-producing status, these states seem to be content with their reliance on federal allocations while failing to harness the economic potential within their borders.

Imo State: A Wasted Opportunity in Tourism and Hospitality

Imo…

Read More
Business Culture Economy Government

Peter Obi Decries Nigeria’s Endemic Corruption, Calls for Accountability on International Anti-Corruption Day

post-image

 

As the global community marks International Anti-Corruption Day, former Anambra State Governor and presidential hopeful, Peter Obi, has issued a strong condemnation of the pervasive corruption undermining Nigeria’s development. Obi described corruption as the “bane of our national development” and urged both leaders and citizens to take decisive action against it.

In a statement released to the media, Obi referenced recent findings by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), which highlighted how corruption has crippled Nigeria economically and socially. He also cited the nation’s low ranking of 145 out of 180 on the Corruption Perception Index and its classification among the 11 worst-governed African countries over the past decade.

“From lack of transparency in budgeting and allocation of funds to the misappropriation of public resources, corruption manifests in various ways across different levels of government,” Obi said. He noted specific issues such as budget padding, contract inflation,…

Read More
Business Culture

Africa’s Largest Rice Importers in 2023: Cote D’Ivoire Tops the

post-image

 

The 2023 figures for rice imports across Africa reveal a significant disparity in import volumes among countries, with Cote D’Ivoire emerging as the continent’s largest importer. According to data from Trade Map, the top 10 African rice importers collectively represent billions of dollars in imports, highlighting the growing demand for the staple crop in the region.

Top 10 African Rice Importers in 2023:

1. Cote D’Ivoire – $722.1 million

2. Benin – $653.4 million

3. South Africa – $634.7 million

4. Senegal – $498.0 million

5. Kenya – $392.4 million

6. Mozambique – $349.5 million

7. Guinea – $335.8 million

8. Niger – $307.0 million

9. Ghana – $286.3 million

10. Djibouti – $273.6 million

 

Cote D’Ivoire leads with an import value of $722.1 million, closely followed by Benin and South Africa, whose imports were valued at $653.4 million and $634.7 million, respectively. These figures underscore the critical role rice plays in these economies as a dietary staple and its contribution…

Read More