Nnewi-Born Industrialist, Dr. Stella Okoli, Set To Commission ₦35 Billion Pharmaceutical Factory in Ogun State

Nnewi-Born Industrialist, Dr. Stella Okoli, Set To Commission ₦35 Billion Pharmaceutical Factory in Ogun State

 

 

By Ada Lilian Sunday

From the industrious heartland of Nnewi in Anambra State, a town renowned for producing some of Nigeria’s most formidable entrepreneurs, comes yet another monumental achievement that reinforces the legacy of enterprise that defines the region. Dr. Stella Chinyelu Okoli, founder and Group Managing Director of Emzor Pharmaceutical Industries Ltd., is set to unveil a ₦35 billion Active Pharmaceutical Ingredients (API) manufacturing facility in Sagamu, Ogun State — a project that not only highlights her entrepreneurial foresight but also signals a bold step towards Nigeria’s pharmaceutical self-reliance.

Dr. Okoli’s journey is one deeply rooted in the enterprising spirit of Nnewi, often referred to as the “Japan of Africa” for its robust manufacturing culture. As a daughter of the soil, she has not only upheld but also elevated the town’s proud tradition of innovation and industrial excellence. With over four decades of business leadership, she has transformed Emzor from a small wholesale pharmacy into a leading pharmaceutical giant with a continental footprint.

At 81, Dr. Okoli remains a force to be reckoned with in Nigeria’s industrial landscape. Her unwavering drive to solve national problems through entrepreneurship defies age and convention. While many in her generation have long taken a backseat, she continues to push boundaries with projects that reflect both vision and patriotism. The upcoming Sagamu API plant — valued at ₦35 billion — is a testament to her belief in homegrown solutions and her refusal to be limited by systemic challenges.

This world-class facility is expected to revolutionize drug manufacturing in Nigeria by producing vital raw materials locally, drastically reducing the country’s dependence on imported active ingredients. It is a strategic move that will not only strengthen national health security but also create jobs, boost industrial capacity, and inspire a new wave of indigenous pharmaceutical innovation.

More than a businesswoman, Dr. Okoli is a nation builder, a mentor, and a beacon of what is possible when vision meets grit. Her passion for wellness and affordable healthcare is matched only by her dedication to economic empowerment — qualities that have made her a role model for women and aspiring entrepreneurs across Africa.

As the nation prepares to witness the commissioning of this groundbreaking facility in Sagamu, all eyes turn once again to Nnewi — the town that birthed a legend, and to Dr. Stella Okoli — the woman proving that true entrepreneurship knows no age, and no limits.

#NemakMedia

 

Oluremi Tinubu Commissions Cutting-Edge IT Centre in Honour of Onikepo Akande, Announces Rollout of 10 Additional Centres Nationwide to Drive Tech Inclusion and Economic Growth

Oluremi Tinubu Commissions Cutting-Edge IT Centre in Honour of Onikepo Akande, Announces Rollout of 10 Additional Centres Nationwide to Drive Tech Inclusion and Economic Growth

In a historic and forward-looking event, Her Excellency, Senator Oluremi Tinubu, the First Lady of the Federal Republic of Nigeria, officially commissioned a modern Information Technology (IT) Centre named in honour of a distinguished Nigerian icon, Mrs. Onikepo Akande. The facility, situated in a strategic location within the state, is designed to serve as a springboard for digital empowerment, particularly targeting women and young people—two demographic groups that have long been underserved in Nigeria’s rapidly advancing tech ecosystem.

The well-attended ceremony brought together prominent government officials, traditional leaders, members of the diplomatic corps, tech stakeholders, youth groups, and women-led organisations who all gathered to witness the unveiling of what is expected to become a landmark centre for skills acquisition and digital transformation.

In her keynote address, the First Lady underscored the importance of digital literacy and innovation in the 21st-century economy. She noted that the establishment of the IT Centre aligns with the Renewed Hope Agenda of President Bola Ahmed Tinubu’s administration, which prioritises inclusive development, industrialisation, innovation, and job creation.

“This Centre is not just a facility with computers and desks; it is a vision brought to life. It is a symbol of hope and a bold statement that we are preparing our citizens—especially women and youth—for the future. The world is changing rapidly, and we must equip our people with the skills and tools to thrive in the digital age,” Senator Tinubu remarked.

Named after Mrs. Onikepo Akande, a renowned economist, industrialist, and former Minister of Industry, the IT Centre pays tribute to her decades of service and contributions to Nigeria’s economic and human capital development. Senator Tinubu described Mrs. Akande as a role model whose legacy will continue to inspire future generations.

“This is a fitting tribute to a woman who has broken barriers and dedicated her life to national growth. Let this centre serve as a beacon of knowledge and a reminder that with education and empowerment, anything is possible,” she said.

The First Lady also used the opportunity to unveil plans by the Federal Government to establish an additional ten (10) IT centres across various states in the coming months. These centres will replicate the model launched today and will further deepen the government’s commitment to digital innovation, gender inclusion, and skills development.

According to her, the expansion of these centres is part of a broader national strategy to diversify Nigeria’s economy beyond oil, focusing instead on technology, the creative sector, manufacturing, digital entrepreneurship, and innovation. These areas, she said, hold immense potential to create millions of sustainable jobs and stimulate inclusive economic growth.

She further stressed the importance of ensuring that Nigeria does not remain a consumer of global technologies, but instead becomes a creator of tech solutions, software, and intellectual property that can compete globally. “With initiatives like this, we are taking deliberate steps to position Nigeria not just as a player, but as a leader in Africa’s digital future,” she affirmed.

The newly launched IT Centre will offer structured training programmes in computer literacy, coding, digital marketing, artificial intelligence, data analysis, and other relevant tech skills. Special attention will be given to empowering women and girls, with mentorship and internship opportunities to connect them to the wider digital economy.

Mrs. Onikepo Akande, visibly moved by the honour, expressed deep gratitude and described the initiative as a legacy project that resonates with her lifelong advocacy for women’s economic empowerment and youth development.

“I am humbled by this honour. This centre represents everything I have worked for—giving people, especially women and young people, the opportunity to change their lives through knowledge and empowerment,” she said.

The event concluded with a tour of the facility and a symbolic demonstration session by a group of young trainees already enrolled in pilot training sessions. Guests lauded the centre as a step in the right direction towards reducing unemployment and bridging the digital divide across the country.

As Nigeria continues to navigate the complexities of the global digital economy, initiatives such as this IT Centre serve as a testament to the transformative power of vision, leadership, and commitment to national development. The First Lady’s announcement of 10 more centres across Nigeria signals a strategic move to mainstream technology into the heart of national progress, empowering citizens and creating a future where every Nigerian has the opportunity to succeed.

The Meltwater Entrepreneurial School of Technology (MEST) Africa and Mastercard Foundation Announce Selection of 12 Companies for Second Cohort of EdTech Fellowship in Ghana

The Meltwater Entrepreneurial School of Technology (MEST) Africa and Mastercard Foundation Announce Selection of 12 Companies for Second Cohort of EdTech Fellowship in Ghana

MEST Africa (www.Meltwater.org), in partnership with the Mastercard Foundation, has announced its second cohort of 12 innovative companies for the Mastercard Foundation EdTech Fellowship in Ghana. This six-month entrepreneurship acceleration program is dedicated to supporting Africa’s most promising EdTech ventures by equipping them with mentorship, funding, and expertise in the science of learning. These newly selected companies are set to scale their groundbreaking solutions and address pressing educational challenges across Ghana.

 

The Second cohort builds on the success of the first cohort of 12 EdTech Companies, whose solutions impacted over 136,798 learners during the period of acceleration, underscoring the Fellowship’s ability to drive transformative change.

 

“We are thrilled to welcome the second cohort of the Mastercard Foundation EdTech Fellowship,” said Angela Duho, Program Manager at MEST Africa. “In Ghana, EdTech is not just about innovation—it’s about creating equal opportunities for every student, no matter where they live. It empowers teachers with the tools they need to inspire, and it prepares our youth for a future where digital skills are essential. The first cohort has already shown us what’s possible, and we’re confident that these new Fellows will continue to transform education and unlock potential across the country.”

 

The 12 EdTech companies selected for the 2025 cohort demonstrated strengths in [please add here] that point to Ghana’s educational needs. Over the next six months, they will benefit from comprehensive support, including expert mentorship, access to funding, and specialized training, enabling them to scale their solutions effectively and sustainably.

 

The EdTech companies selected by MEST Africa for the 2025 Mastercard Foundation EdTech Fellowship are:

 

  1. TECHAiDE (https://TECHAiDE.Global/) is a social enterprise committed to enhancing education, youth development, and healthcare throughout Africa. Since 2011, they have collaborated with global partners to deliver practical, affordable, and lasting solutions that uplift individuals, strengthen communities, and support institutions in creating brighter futures

 

In Ghana, EdTech is not just about innovation—it’s about creating equal opportunities for every student, no matter where they live

  1. MooslaTrain (https://apo-opa.co/3S08HuA) is redefining math education in Ghana by sparking curiosity and confidence in students. This is done through community-driven math clubs and digital learning tools that make math approachable and fun, equipping young learners with the skills to thrive in STEM and beyond.

 

  1. Scribble Works Publishing House (https://ScribbleWorks.carrd.co/) is passionate about enriching education in Africa by providing educators and students with affordable, curriculum-aligned materials and interactive digital tools, fostering engaging learning experiences backed by actionable insights.

 

  1. InovTech STEM Center is an innovation hub devoted to bringing STEM education to underserved communities. Through hands-on robotics and coding programs—like STEM4Her, Powered Girl, and Powered Boy—they inspire students and teachers to develop skills that open doors to new opportunities.

 

  1. STEMAIDE (www.STEMAIDE.com) is focused on reshaping education in Africa by nurturing problem-solving, creativity, and entrepreneurial spirit in young people. STEMAIDE strives to prepare the next generation with the tools and mindset to succeed in an ever-changing world.

 

  1. Nikasemo Technologies (www.Nikasemo.com) is dedicated to enhancing the classroom experience in basic schools with their software and hardware solutions that streamline school operations and create dynamic, engaging learning environments that help students reach their full potential.

 

  1. Jesi AI (https://AI.UseJesi.com/) is a generative AI assistant supporting teachers in Ghana’s junior and senior high schools. By simplifying the creation of high-quality, curriculum-aligned lesson plans and materials, Jesi AI saves educators time while also acting as a virtual tutor to guide students and track their growth.

 

  1. Metaschool AI (https://MetaschoolApp.com/) is an educational app designed with BECE and WASSCE students in Ghana in mind. Offering interactive video lessons from top instructors, Metaschool provides a flexible, student-paced learning platform that makes academic success more achievable.

 

  1. Maxim Nyansa Foundation (https://MaximNyansa.com/) empowers high school students and teachers across Africa with vital IT infrastructure and educational software. By tapping into open-source solutions, Maxim Nyansa improves access to quality education and works to close the digital gap.

 

  1. The Ghana Olympiad Academy (https://GhanaOlympiadAcademy.com/), through its Academic Talent Development Programme, brings hands-on STEM learning to learners in Ghana. They nurture talent in literacy, numeracy, and STEM, preparing young minds for leadership and innovation on a global stage.

 

  1. Asah Maker-Space is passionate about automation, robotics, 3D printing, coding, and construction. Asah Makerspace’s team of skilled educators and tech enthusiasts empowers the next generation of creators through immersive, practical learning experiences.

 

  1. Craft Education Technologies (www.CraftEducation.io) bridges the gap between therapists, parents, and teachers to create a seamless support system for children with behavior and learning challenges, including autism. This collaborative model ensures that every child receives the individualized attention they need to succeed.

 

“The Mastercard Foundation looks to support the acceleration of EdTech solutions that reach all, including those out-of-school young people who are constantly left out of the education ecosystem. For it is when we design with the end user in mind that the business case for the solutions is more scalable, sustainable and impactful. Our collaboration with MEST Africa is to transform education in Ghana through technology-enabled learning”, added Rodwell Mangisi, the Acting Director of the Mastercard Foundation Centre for Innovative Teaching and Learning.

Through the Mastercard Foundation EdTech Fellowship, this cohort will embark on a transformative journey, gaining mentorship from experts in education innovation, sustainability, and scale, access to courses on the science of learning, and equity-free grants. This robust support aims to scale their solutions and elevate educational outcomes for millions across Ghana and Africa.

 

For more information about the Mastercard Foundation EdTech Fellowship and MEST Africa initiatives, visit www.Meltwater.org.

ProvidusBank Launches N50 Billion Commercial Paper Program for Investor Subscription: A Crucial Move for Nigeria’s Economy

ProvidusBank Launches N50 Billion Commercial Paper Program for Investor Subscription: A Crucial Move for Nigeria’s Economy

ProvidusBank, one of Nigeria’s leading financial institutions, has announced the launch of a N50 billion commercial paper program, offering investors the opportunity to subscribe to short-term debt securities issued by the bank. The program, which will be available for investor subscriptions, is aimed at raising funds to support the bank’s growth and operations while contributing to the broader stability and growth of Nigeria’s economy.

Key Features of the Commercial Paper Program

The N50 billion commercial paper program is designed to raise funds for general corporate purposes, including working capital needs and the funding of key projects. The program will provide investors with a secure investment avenue while ensuring that ProvidusBank maintains the financial strength necessary to drive its operations and support Nigeria’s economic development.

The commercial paper is being offered with attractive interest rates and is aimed at a wide range of investors, including institutional and retail investors. It is expected to strengthen the bank’s liquidity position and allow it to continue expanding its services in a competitive market. The initiative also aligns with ProvidusBank’s commitment to delivering value to its stakeholders and sustaining its position as a leader in Nigeria’s financial sector.

Impact on Nigeria’s Economic Growth

This move is significant for both ProvidusBank and the Nigerian economy at large. By launching this commercial paper program, the bank is helping to diversify the country’s financial markets, offering investors a new and attractive way to participate in the growth of one of Nigeria’s prominent banks. The program also signals ProvidusBank’s strong financial health and willingness to expand its reach, both within Nigeria and in the broader African market.

Additionally, the success of the commercial paper program will enhance Nigeria’s capital markets, providing a boost to investor confidence. The funds raised will be directed into productive investments that can drive further growth in key sectors of the economy, from agriculture to technology and infrastructure.

Supporting Financial Inclusion and Stability

In a time when economic stability is critical, especially in emerging markets like Nigeria, the ability of banks like ProvidusBank to raise capital through such innovative instruments plays a pivotal role. The successful implementation of the commercial paper program will provide a strong foundation for the bank to continue offering its financial products and services, thereby supporting financial inclusion, improving access to capital for businesses, and contributing to overall economic stability.

Nigerian Economic Outlook and the Role of Commercial Papers

Commercial papers are becoming an increasingly important tool in Nigeria’s financial landscape, offering a more efficient way for corporations and banks to raise short-term funds. By tapping into the growing investor interest in such instruments, ProvidusBank is aligning itself with global best practices and helping to deepen Nigeria’s capital markets.

The N50 billion program is also expected to offer competitive returns for investors, enhancing Nigeria’s attractiveness as an investment destination amidst a diverse and dynamic economy. This initiative positions ProvidusBank as a forward-thinking institution, one that understands the financial needs of both investors and the broader economy.

ProvidusBank’s N50 billion commercial paper program marks a pivotal moment for the institution and the Nigerian economy. By providing a channel for investment and securing critical funding for its operations, the bank is contributing to the growth of Nigeria’s financial ecosystem and supporting economic development. The move also underscores the bank’s leadership and commitment to promoting stability, financial inclusion, and innovation in Nigeria’s capital markets.

As the program progresses, it is expected to provide valuable opportunities for investors while cementing ProvidusBank’s role as a key player in Nigeria’s evolving financial sector.

NNPC Ltd. and NLNG Deepen Strategic Collaboration to Advance Nigeria’s Energy Sector

NNPC Ltd. and NLNG Deepen Strategic Collaboration to Advance Nigeria’s Energy Sector

In a renewed effort to strengthen industry collaboration and accelerate Nigeria’s energy transition agenda, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Bashir Bayo Ojulari, today received a delegation from Nigeria LNG Limited (NLNG) on a high-level courtesy visit at the NNPC Towers in Abuja.

The visit marks a significant step in ongoing efforts to align the objectives of both institutions in advancing sustainable energy solutions, deepening gas infrastructure, and enhancing Nigeria’s energy security.

Welcoming the NLNG team, Mr. Ojulari described the company as a “strategic business entity vital to Nigeria’s economic resilience and energy future.” He reiterated NNPC Ltd.’s vision of ensuring equitable energy access for all Nigerians while fostering a cleaner, more diversified energy ecosystem.

“The Nigeria LNG is not just a business partner; it is a national asset. We are committed to working closely with NLNG to unlock new opportunities in gas supply, decarbonization, and human capital development,” Ojulari stated.

The GCEO emphasized the importance of synergy between both organisations in ensuring the successful implementation of Nigeria’s Decade of Gas initiative — a federal strategy aimed at transforming Nigeria into a gas-powered economy by expanding domestic gas utilization and exports.

On his part, the Managing Director and Chief Executive Officer of NLNG, Dr. Philip Mshelbila, congratulated Mr. Ojulari on his recent appointment as GCEO of NNPC Ltd. and commended the leadership team for its renewed drive to reposition Nigeria’s energy industry.

Dr. Mshelbila expressed confidence in the capacity of the NNPC leadership to lead meaningful reforms in the sector. He noted that the strong alignment of purpose between both entities sets the stage for a more impactful collaboration that will benefit not only the energy market but also millions of Nigerians.

“We believe this partnership is critical for addressing Nigeria’s energy needs, enhancing the role of gas in our transition journey, and positioning the country as a global energy player,” Dr. Mshelbila noted.

During the meeting, both parties expressed a shared commitment to exploring joint strategies on key areas such as:

  • Reliable and sustainable gas supply for domestic and industrial use;

  • Decarbonization and climate-conscious energy production;

  • Talent development and exchange programs to strengthen technical capacity in the sector.

The courtesy visit also provided a platform to reaffirm mutual support for ongoing national policies and reforms targeted at boosting investor confidence and positioning Nigeria as a competitive energy destination on the continent.

Accompanying Dr. Mshelbila on the visit were key members of the NLNG leadership team including:

  • Mr. Olakunle Osobu (Deputy Managing Director)

  • Dr. Sophia Horsfall (General Manager, External Relations & Sustainable Development)

  • Mr. Akachukwu Nwokedi (General Counsel/Company Secretary)

  • Mr. Godson Dienye (Manager, Government Relations & Regulatory Compliance)

  • Mr. Sulaimon Adebayo (Technical Assistant to the MD)

  • Ms. Nengi Amadi (Senior Government Relations Advisor)

  • Mr. Rufai Lawal (Senior Government Relations Advisor)

The meeting ended on a positive note with both teams agreeing to sustain high-level engagements and collaborate on industry-transforming initiatives that will deliver long-term value for Nigeria’s economy and people.

Shettima Confirms Pilgrims Will Access Cash for 2025 Hajj Following CBN Approval

Shettima Confirms Pilgrims Will Access Cash for 2025 Hajj Following CBN Approval

 

Vice President of Nigeria, Kashim Shettima, has announced that Nigerian pilgrims undertaking the 2025 Hajj will be granted access to cash for their transactions, following approval by the Central Bank of Nigeria (CBN).

Speaking after a meeting held yesterday in his office with officials from the CBN and the National Hajj Commission, Shettima said the decision was made to ensure the smooth planning and successful execution of the upcoming pilgrimage to Mecca.

Earlier this year, the CBN had introduced a revised payment system requiring all pilgrims to open Basic Travel Allowance (BTA)-linked bank accounts and use ATM debit cards for transactions during their stay in Saudi Arabia. The new arrangement raised widespread concerns among stakeholders, who feared it could disrupt operational logistics and overall pilgrimage performance.

“Following our intervention, pilgrims will now receive their allowances in cash — ensuring convenience and continuity in the Hajj process,” the Vice President stated.

The move is expected to ease the financial processes for intending pilgrims and prevent any challenges that may have arisen from the mandatory use of debit cards.

FG, WORLD BANK UNITE TO DIGITALLY EMPOWER YOUNG NIGERIANS AND DRIVE JOB CREATION

FG, WORLD BANK UNITE TO DIGITALLY EMPOWER YOUNG NIGERIANS AND DRIVE JOB CREATION

On the sidelines of the World Bank/IMF Spring Meetings and following the institution’s Development Committee session, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, reaffirmed Nigeria’s collaboration with the World Bank to advance a shared agenda focused squarely on creating high-quality jobs for young Nigerians.

“Employment generation must be a central pillar of development,” Mr. Edun told journalists, highlighting that Finance Ministers—who serve as the Bank’s Governors—have collectively made this their top priority. “This aligns seamlessly with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which places job creation at the core of our economic revitalization efforts.”

Mr. Edun underscored the pivotal role of multilateral financial institutions in shaping these global development priorities. “We are scaling up efforts with the World Bank to create sustainable jobs and stimulate inclusive growth,” he said, adding that the Tinubu administration is determined to unlock private capital, attract local and foreign investment, and accelerate job creation across all sectors.

A cornerstone of this strategy is the rollout of digital infrastructure to support Nigeria’s burgeoning youth population. By expanding access to high-speed internet, data services, and fibre-optic networks, the Minister explained, young Nigerians will be empowered to offer services online, retain talent domestically, and drive the nation’s digital economy.

“Job creation is the most effective route to reducing poverty and inequality,” Mr. Edun emphasized. “Good-quality jobs are essential to stabilizing the economy, encouraging private investment, and ensuring our youth find opportunities here at home—rather than abroad.”

This partnership between the Federal Government and the World Bank signals a unified commitment to

  • Tackling unemployment through targeted financing and policy support

  • Fostering inclusive prosperity by creating pathways into the formal economy

  • Building a digital-ready workforce equipped to compete in the modern global marketplace

As Nigeria and the World Bank move forward together, this collaboration promises to lay the groundwork for a generation of young Nigerians who are digitally empowered, economically engaged, and ready to lead the country’s next wave of growth.

Capacity Crowds Mark Monumental Opening of GITEX ASIA x Ai Everything Singapore – Cementing New Era For Asia’s Tech Industry 

Capacity Crowds Mark Monumental Opening of GITEX ASIA x Ai Everything Singapore – Cementing New Era For Asia’s Tech Industry 

 

  • The region’s largest inaugural tech, startup, and digital investments event is officially underway at Marina Bay Sands after action-packed opening day

 

After weeks of increasing anticipation among the regional and international tech communities, the first-ever GITEX ASIA x Ai Everything Singapore began in blistering fashion on Wednesday as capacity crowds enjoyed an action-packed opening day agenda. Organised by Dubai World Trade Centre (DWTC) and KAOUN International in affiliation with GITEX GLOBAL, the Asian inaugural edition of the world’s largest show is running at Marina Bay Sands, Singapore from April 23-25.

Under the theme ‘Advancing Bold Partnerships in Asia‘, the region’s largest inaugural tech, startup, and digital investments event welcomes 700+ enterprises and award-winning startups from 20+ industry sectors and 70+ countries. Alongside 400+ global expert speakers and 250+ leading investors managing US$200 billion in assets under management (AUM), it stands to present unparalleled access to new markets, capital, talent, relationships, and opportunities.

An opening ceremony launched this unmissable three-day celebration of technological innovation, visionary collaboration, and universal digital ambition, where those who helped bring the event to life elaborated on its inspiration and what audiences can expect.

Trixie LohMirmand, Executive Vice President of DWTC and CEO of KAOUN International, said: “We’re delighted to launch the region’s largest inaugural tech, startup, and digital investments here in Singapore, but this is not about the size. It’s about our commitment to bringing global ecosystems, countries, and cities together, powering human capital, benchmarking with the world, and forging new alliances, relationships, ideas, and opportunities whilst making the whole global universe of AI much bigger and more competitive. Whether from established markets or rising emerging economies, our responsibility is ensuring we connect and provide the chance to collaborate and compete. It’s about driving public-private partnerships and cross-industry, cross-continental collaboration because that’s the only way to go even faster and further in the new AI economy. This is the mission of GITEX.”

The Cybercrime Conundrum: Addressing A Looming US$23 Trillion Threat

Throughout its three-day duration, GITEX ASIA x Ai Everything Singapore hosts powerful debates surrounding the most pressing topics in tech – welcoming renowned tech leaders, founders, investors, national digital agency officials and regulators to discuss the fastest-changing competitive developments as formidable companies showcase the latest tech solutions revolutionising societies and industries.

Across 180+ hours of content and eight key themes, a thrilling journey into technology’s new frontiers awaits visitors through a world-class event and exhibition programme – one with cybersecurity at its core alongside AI, cloud, quantum, green tech, health tech & biotech, smart cities, startups and more.

Addressing audiences during the event inauguration, H.E. Dr. Mohamed Al Kuwaiti, Head of Cybersecurity, UAE Government, stated: “Cybercrime does not distinguish between nations, businesses, startups, or people – and this is why we must be the first line of defence against malicious actors and build a security culture that transcends across the whole continent and beyond. This culture is a pillar of societal prosperity, security, and success. Being here in Singapore alongside so many great ecosystem partners, national security agencies, and cyber security companies amplifies our message that cyber security is paramount and integral to everything we do in a transforming digital world. We are gathered here to make this happen and forge a safe, secure, and resilient future through which digital ecosystems and economies thrive.”

For his part, Ahmed AlKetbi, Deputy Ambassador, Head of Economic, Trade and Investment, UAE Embassy in Singapore, elaborated on the robust ties between Singapore and the UAE, further enforcing H.E. Dr. Al Kuwaiti’s message that cooperation is a prerequisite to nations overcoming common obstacles and realising shared objectives.

During his inauguration address, AlKetbi added: “GITEX ASIA x Ai Everything Singapore represents an empowering platform for enhancing bilateral trade and relationships spanning government, business, people, and the private sector. Already, the UAE and Singapore enjoy a S$24 billion bilateral trade partnership, and the UAE is proud to be Singapore’s main partner in the MENA region. Furthermore, in 2019, the two governments signed the UAE-Singapore Comprehensive Partnership, a framework aimed at deepening existing areas of cooperation and exploring new areas of mutual benefit. We are open to expanding such relationships to any ambitious communities, countries, and continents – and we look forward to fruitful, comprehensive discussions throughout this week and beyond.”

With FBI and IMF projecting that average annual cybercrime costs could skyrocket from US$8.4 trillion in 2022 to over US$23 trillion by 2027, the cybercrime conundrum engulfing business communities worldwide headlined day one discussions during the GITEX Digital AI Economy Summit.

David Koh, Commissioner of Cybersecurity and Chief Executive, Cyber Security Agency of Singapore, revealed: “Singapore remains steadfast in our commitment to building a secure, open, resilient, and interoperable digital world. Even as we jostle with geopolitical tensions and transnational technological change unconstrained by geography, we should always remember that the future is in our hands. In the cyberspace, like-minded countries must work together to strengthen frameworks for responsible state behaviour, establish common security challenges solutions, develop common technical standards to safeguard digital devices, and invest in our people. Amidst uncertainties around us, there is  no better place to come together to respond to, and seize, the opportunities ahead of us.”

Unlocking US$5 Trillion Value Potential: Asia’s Healthcare Revolution Assessed

Across the opening day programming, GITEX ASIA x Ai Everything Singapore presented invaluable opportunities to gain eye-opening market development forecasts and disruptive deep tech projections from leading visionaries in their respective fields.

Various feature events co-located across the show floor presented the most potent debates and thought-provoking perspectives surrounding the AI phenomenon transcending increasingly digitalisation industries, including healthcare through GITEX Digi Health & Biotech.Asia's largest inaugural tech, startup, and digital investments, GITEX ASIA x Ai Everything, launch a new era of tech in the region..jpeg

According to Boston Consulting Group, Asia’s healthcare market could reach a whopping US$5 trillion by 2030, illustrating technology’s vast potential to completely redefine industries and fuel economic growth.

With the rise of AI-driven diagnostics, Datuk Dr. Kuljit Singh, President of the Association of Private Hospitals, Malaysia, shared his perspective on how digital health companies should balance technological innovation with ethical considerations and patient safety. He said: “Digital health companies should prioritise transparency, ensuring AI-driven diagnostics are explainable and accountable. They must engage in robust testing to uphold patient safety while fostering collaboration with healthcare professionals. Ethical considerations, such as data privacy and equitable access, should guide innovation, aligning technological advancements with patient-centric care and societal well-being.”

GITEX ASIA x Ai Everything Singapore continues on Thursday. North Star Asia, the world’s largest startup, accelerator, and investor connector event, is set to star alongside Ai Everything, the region’s most groundbreaking AI showcase, and the GITEX Quantum Expo Asia, destined to set the scene for a new computing era regionally and beyond.

SANEF’s Uche Uzoebo Highlights AI as Next Frontier in Advancement of Financial Inclusion

SANEF’s Uche Uzoebo Highlights AI as Next Frontier in Advancement of Financial Inclusion

With progress made in accelerating financial inclusion to unbanked and underbanked communities in Nigeria, the Shared Agent Network Expansion Facilities Limited (SANEF) has posited Artificial Intelligence (AI) as the next step to advancement in financial services in the country.

Speaking at the just concluded Payments Forum Nigeria (PAFON 2.0), Uche Uzoebo (Mrs.), MD/CEO, SANEF Limited, noted that as technology evolves rapidly within the financial ecosystem, Financial Inclusion must continue to be at the center of the nation’s progress.

According to her, agent banking has been a game-changer in expanding financial inclusion across Nigeria. “By deploying agents in underserved areas, we have brought financial services and banking products such as account opening, cash in, cash out, bill payment, transfers and other services closer to the unbanked and underserved.”

With the Agent Banking model, SANEF has bridged critical gaps by reducing the need for long queues in physical bank branches, allowing individuals in the hinterland areas to access banking services without traveling long distances. Additionally, agents often communicate in local languages, making transactions easier for those with limited literacy, while reducing reliance on complex documentation. This has remained a critical and important elixir in Financial Inclusion.

She however noted that AI presents a huge opportunity to align with global trends in pushing financial inclusion further and faster.

“It is no gainsaying that, Artificial Intelligence (A.I.) is transforming the financial services industry at an unprecedented pace, reshaping how businesses interact with customers, manage risks, and expand financial inclusion. It has become the invisible engine driving the modernization of financial products and services. It is no longer a futuristic concept; it is at work right now all over the world, powering mobile banking apps, automating customer service, detecting fraud and enabling instant lending decisions.

In Nigeria, where millions remain unbanked and underbanked, Artificial Intelligence presents a game-changing opportunity to bridge financial gaps, enhance accessibility, and improve the overall efficiency of the financial ecosystem.”

She disclosed that the application of AI in the system will among other things, help to:

Ø  Minimize KYC Roadblocks

Ø  Detect Fraud and Flag Suspicious activities in real-time thus enhancing greater trust in digital payments and solutions

Ø  Personalize and Tailor Financial products and services according to customers’ specific needs, amongst other key benefits and advantages.

While highlighting the benefits of AI in the ecosystem, Mrs. Uzoebo noted that stakeholders must work towards guaranteeing that our Artificial Intelligence systems respect individual privacy, maintain equitable standards for all, remain transparent in their operations, and elicit trust.

“The use of Artificial Intelligence in payment solutions and within the broader financial inclusion industry must comply with existing regulatory frameworks such as; Central Bank of Nigeria’s (CBN) Consumer Protection Framework; Nigeria Data Protection Act (NDPA) and National Information Technology Development Agency’s Data Protection Regulation (NDPR),” she cautioned.

SANEF, whose mission is to deepen financial inclusion through partnerships and collaborations, is an initiative of the Central Bank of Nigeria (CBN), supported by the Deposit Money Banks (DMBs), Nigeria Inter-Bank Settlement Systems (NIBSS) and Licensed Super-Agents, and was incorporated in 2019.

SANEF serves as an enabler in the Financial Inclusion ecosystem in Nigeria, collaborating with various Stakeholders to expand the frontiers of Financial Inclusion which includes Agent Expansion, Financial Literacy, Public Enlightenment, Policy Advocacy and Technological Solutions for Products and Services to increase Agent Business viability and Agent Network sustainability.

“You Can Reinvent Yourself in Just Four Years,” Says Moppet Foods CEO Roberta Edu Oyedokun

“You Can Reinvent Yourself in Just Four Years,” Says Moppet Foods CEO Roberta Edu Oyedokun

Mrs. Roberta Edu Oyedokun, CEO of Moppet Baby Food Firm in Lagos, has shared an inspiring personal revelation about career transformation and self-development. While drafting a professional profile recently, she realized how much her career had evolved in just four years—a testament, she says, to the power of consistency and resilience.

In her reflection, Mrs. Oyedokun highlighted her current achievements: driving Moppet Foods’ expansion into major retail chains, securing government-backed partnerships with Community Health Centers, and forging alliances with NGOs. She also serves as an Ambassador for the Lagos State Health Insurance Scheme, advocating for family health access.

What struck her, however, was the absence of any mention of her previous decade-long experience in engineering, technology, media, and production. “Imagine if I didn’t have a profile before now,” she mused. “Yet, in my 30s, I built this resounding profile in just four years.”

Addressing those who might doubt such rapid transformation, she emphasized, “The problem is, we often think such change isn’t possible. But the truth is, you can change your life in four years. You can reshape your profile. You can become whoever you want, whether you’re in your 20s, 30s, 40s, or 50s.”

Her advice? “Do the hard things, show up consistently, and refuse to let challenges break you.”

Mrs. Oyedokun’s story serves as a powerful reminder that reinvention is possible at any stage—with determination and relentless effort.

*—Reported by Anthony Emeka Nwosu