Business
We Are Here to Shape our Tomorrow Today – President Tinubu
President Bola Ahmed Tinubu has on Wednesday declared that his administration would leverage digital technology to create Nigeria’s desired socio-economic progress that is necessary to transform society.
Receiving in audience a delegation from Google (West Africa) led by its Director, Olumide Balogun, the President noted that his administration is determined to use education and technology to improve the lives of its citizens, affirming that education is central to uplifting Nigerians.
“We are here to shape our tomorrow, today, and I’m going to do it. Our youths represent over 65% of the yearning development age in Nigeria.
“We take education very seriously, and that is the foremost tool we have against poverty.
“The digital economy and telecommunications represent the future, and we are determined to promote it.
“Your partnership with us to make it a serious development in our economic programme is what is desirable. Our youths have the skills, they are brilliant, and they are good people,” President Tinubu further stated.
He called on Google to partner with the government on the use of data in the public sector to enhance service delivery.
“We have been evaluating different proposals on database development, and you have critical information that can equally help the poor leverage on the use of data.
“The authentication of transaction integrity across the country to service over 200 million people is not a joke,” the President posited.
Toward the realization of great progress in the sector, President Tinubu declared that he is bringing more young people into the administration to further drive his transformative efforts and called on Google to ‘come on board’ as a frontline partner in development.
The President stated that the prospective use cases emanating from the emergence of Artificial Intelligence (AI) and Quantum Computing must be harnessed, even as he emphasized that development is achieved in stages.
“Let me have breakfast before dinner,” the President quipped.
In his remarks, the Director of Google West Africa, Mr. Olumide Balogun informed President Tinubu that the delegation came to Nigeria to reassure the government that the company is committed to supporting its laudable efforts through the deployment of modern digital technology.
The Google Regional Director told the President that the deployment of data technology enhances the efficiency and productivity of businesses with a commitment that Google will give Nigeria a N1.2 billion grant as well as train 20,000 women and children with requisite skills to establish new digital tech job opportunities, which the economy urgently needs.
Business
Government Can’t Run Business Effectively – Dele Oye
We all know the failed history of government being involved in business. Ajaokuta… they have blown $8 billion and have not produced one steel; they blew $3 billion on refineries rehabilitation… and nothing happened. We are not having any fuel from them
Barr Dele Oye, the former president of NACCIMA, at the Vanguard Economic Discourse 2026 edition in Lagos on Wednesday, advised the federal government to limit its role to policy support and facilitation rather than involvement in commercial business activities.
Oye, now the Chairman of Alliance for Economic Research and Ethics (AERE) , cited past failures such as the Ajaokuta Steel Company and refineries rehabilitation projects.
He said: ” We all know the failed history of government being involved in business. Ajaokuta… they have blown $8 billion and have not produced one steel; they blew $3 billion on refineries rehabilitation… and nothing happened. We are not having any fuel from them.”
Oye maintained that government lacks the capacity to run businesses effectively.
” You have no track record in running any business… you cannot be government and also be private sector,” he said.
Business
John Ternus is Apple’s incoming CEO
John Ternus, Apple’s longtime hardware boss, is taking over as CEO, becoming just the second leader since Steve Jobs departed in 2011, less than two months before he died from cancer.
• John Ternus / CNBC / Getty Images
Tim Cook’s 15-year tenure as Apple CEO comes to an end on Sept. 1, the company announced on Monday.
John Ternus, Apple’s longtime hardware boss, is taking over as CEO, becoming just the second leader since Steve Jobs departed in 2011, less than two months before he died from cancer.
CNBC reports that as Cook exits, Apple faces numerous challenges, including an intricate supply chain that’s complicated by geopolitical tensions and soaring prices for memory due to unprecedented demand from the AI buildout.
But for Ternus, perhaps the most critical aspect of his new job will be pushing the company deeper into AI, where it’s lagged many of its megacap peers.
It said that so far, Apple’s AI strategy has involved avoiding hefty capital expenditures while Microsoft, Google, Amazon and Metacommit to hundreds of billions of dollars a year in combined capex to fund new data centers and fill them with pricey AI chips.
Business
NCC, CBN launch telecom industry portal to track fraudulent phone lines
“This means banks and other financial institutions can determine whether a line is active, swapped, disconnected, or reassigned to another subscriber.”
The Nigerian Communications Commission (NCC), and the Central Bank of Nigeria ( CBN), have launched a portal that enables financial institutions to track fraudulent and suspicious phone lines across the country.
It is called the Telecoms Identity Risk Management System (TIRMS) portal , aimed at providing financial institutions with real-time visibility into the status of phone numbers used for transactions.
“The portal aggregates data on churned or recycled lines and numbers flagged for suspicious activities.
“This means banks and other financial institutions can determine whether a line is active, swapped, disconnected, or reassigned to another subscriber,” said the Executive Vice Chairman of NCC, Dr. Aminu Maida.
Speaking during the MoU signing event, Maida said that the agreement provides a structured framework for cooperation in critical areas, including payment system integrity, fraud mitigation, digital inclusion, and consumer protection.
On his part, Governor of CBN, Mr. Olayemi Cardoso, said the MoU would strengthen coordination on regulatory approvals, technical standards, and innovation initiatives, including sandbox testing.
He noted that the partnership aligns with the apex bank’s commitment to promoting a secure, resilient, and inclusive financial system.
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