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Proffer Solutions to The Nation’s Challenges – DG NITDA Task Tech Innovators

The director general of the National Information Technology Development Agency (NITDA) Kashifu Inuwa has tasked tech innovators in Nigeria to proffer solutions to address the nation’s challenges.



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The director general of the National Information Technology Development Agency (NITDA) Kashifu Inuwa has tasked tech innovators in Nigeria to proffer solutions to address the nation’s challenges.

He urged them to look around and identify the myriad of problems bedeviling the country, also noting that the federal government has already provided them with a level playing field to achieve that.

Mr. Kashifu disclosed this while speaking at Day Three of the Digital Nigeria International Conference 2022 held in Abuja, with the theme “Start-Up and Innovation Ecosystem Day”.

During his speech, the NITDA boss said that the government is committed to building a thriving tech ecosystem, while noting that for it to be achievable, it will require a joint effort from every stakeholder to play the role required of them.

In his words, “To build a very strong tech ecosystem, we need the government, the higher institutions, we need the entrepreneurs, the risk capitalists and corporate organisations everybody has its own role to play.

“The government needs you, needs your commitment the same way the government is committed. For the higher institutions, we need you to produce high quality education to the people because innovation, digital economy or knowledge-based economy are all human capital economy.

Your greatest resources are not the mineral resources but it is what you have in your brain; we need higher institutions to produce the right skill, talents and people with entrepreneurial skills”.

We need the number. We need people to have skills to use in the digital based technological environment and that is why we are training people on high earned skills to build the digital service because digital service is a product-based economy.”   

Investors King understands that the federal government of Nigeria has continued to provide a level playing field for tech innovators in the country through the provisions of infrastructures, friendly policies, and legal framework amongst others, as well as the recent signing of  the Nigeria Start-up bill into law by President Buhari.

Also, earlier this month, the federal government through the NITDA entered into a partnership with COURSERA, an online learning platform, to train 24,000 Nigerian youths on digital skills for a period of three years which is aimed at positioning Nigeria to be the global talent factory.

It is now left for skilled Nigerians to use their innovative ideas to create innovations and inventions that will address the myriad of problems bedeviling the country, as they have been tasked by the DG of NITDA.

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Fintech Company, Grey, Unveils New Look to Support its Global Expansion Strategy



Grey Finance

Grey, a leading cross-border fintech company, has embarked on a significant global brand rebranding initiative, revealing a fresh logo and website design.

This strategic move aligns with the company’s dynamic plans to expand its footprint in the global market.

The company’s transformation was unveiled on its social media platforms on Monday, November 27, 2023. Grey aims to leverage this fresh identity to reach a broader audience and solidify its international presence. The updated brand assets visually represent Grey’s commitment to innovation, excellence, and global connectivity.

The rebranding initiative follows closely on the heels of Grey celebrating a milestone achievement of surpassing 500,000 users. The company’s rapid growth and expanding user base have spurred this bold step towards rebranding, symbolizing success and underlining its dedication to remaining at the forefront of global fintech innovation. Furthermore, the previous logo was not usable in some foreign markets due to trademark conflicts with another company.

Idee ObongThe CEO and founder of Grey, shared insights into the rationale behind the rebranding, stating, “As we chart our course toward serving a global audience, we recognized the need for trademarks and related processes. We identified similarities with existing marks during this evaluation, prompting a deliberate rebrand. The new logo and website signify our forward trajectory, emphasizing global connectivity and our commitment to creating a more interconnected world. Our focus remains on being people-centric and cultivating a lasting community.”

Grey’s brand evolution is occurring at a crucial juncture for the fintech industry, which is positioned for significant opportunities despite recent economic uncertainties. The fintech sector has faced challenges in the past year; notwithstanding, Grey has rapidly scaled, adeptly responding to the heightened demand for its services.

The company has also established key partnerships across both B2B and B2C sectors across Africa over the past months, solidifying its reputation as a trusted and reliable cross-border payments company.

Femi AghedoCo-founder of Grey, emphasized the strategic timing of the brand evolution, stating, “The timing simply felt right to evolve our brand. Our growth and evolution as a business needed to be reflected tangibly. We are dedicated to ongoing innovation, adapting our services to meet the dynamic needs of our customers. Our core mission is to provide seamless and secure cross-border payment solutions, empowering businesses and individuals in the global economy. We eagerly anticipate the future of fintech and the opportunities it presents for us to impact the industry positively.”

Furthermore, customers can expect a more innovative and interconnected user experience when engaging on their platforms. As Grey ventures into this exciting new chapter, the team remains committed to providing cutting-edge and secure cross-border payment solutions, fostering global connectivity, and contributing to the evolving landscape of the fintech industry.

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OpenAI Reshapes Leadership Amid Employee Threats: Sam Altman to Return as CEO



Sam Altman

OpenAI has announced the reinstatement of Sam Altman as its Chief Executive Officer and the appointment of a revamped board following the controversial decision to oust Altman, which had triggered the threat of mass resignations among the workforce.

The company, known for its advancements in artificial intelligence, revealed that the new board would be chaired by Bret Taylor and feature esteemed members such as Larry Summers and Adam D’Angelo.

The details of this restructuring are currently in the works, as stated in a message posted on X, the platform formerly known as Twitter.

Altman, who was dismissed on Friday due to disagreements with the board regarding the pace of artificial intelligence development and monetization strategies, had been engaged in negotiations to return to his role.

However, talks hit a roadblock on Sunday, partly due to Altman’s insistence, alongside others, for the resignation of existing board members.

This development led to the board appointing Emmett Shear, former CEO of Twitch, as the new leader, and Altman subsequently secured a position at Microsoft Corp. to lead a new in-house AI team.

The reinstatement of Altman, coupled with the appointment of a high-profile board, reflects the complexity and internal strife within OpenAI.

The company, renowned for its cutting-edge work in AI research, appears to be recalibrating its leadership to align with its vision and navigate the evolving landscape of artificial intelligence.

Altman, expressing his commitment to OpenAI’s mission, stated, “I am excited to be back at OpenAI and am energized by the possibilities that lie ahead for us. Together with the talented team and the new board, we are poised to continue our groundbreaking work in AI and its ethical applications.”

As OpenAI endeavors to move forward, the reshuffling of leadership underscores the challenges and dynamic nature of the AI industry, where visionary guidance is crucial for addressing both technological advancements and ethical considerations.

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Nigeria’s Communications Minister Explores Job Creation Potential with SpaceX’s Starlink



starlink satellite

The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, has highlighted the job creation potential in Nigeria through initiatives such as a certified installer/maintenance program for SpaceX’s Starlink and collaboration with local hardware startups to manufacture repeater boxes.

During a meeting with SpaceX’s Senior Director of Global Licensing and Activation, Ryan Goodnight, at the International Telecommunication Union-World Radio Communication Conference in Dubai, the minister emphasized the growing demand for Starlink services in Nigeria.

In a tweet, Minister Tijani stated, “As demand for @Starlink continues to grow in Nigeria, we spoke about the issue of connecting unserved and underserved Nigerians.”

He also proposed the possibility of creating thousands of new jobs through initiatives like a certified installer/maintenance program for Starlink and encouraging collaboration with local hardware startups to produce repeater boxes.

Nigeria has become Starlink’s largest market in Africa, with the service officially launching in the country in January 2023.

According to data from the Nigerian Communications Commission, Starlink has gained 6,756 wireless Internet subscribers since its introduction.

The minister’s focus on job creation aligns with the broader goal of fostering technological innovation and growth within Nigeria.

By encouraging collaborations and initiatives in the tech sector, the government aims to deepen the country’s technological ecosystem.

Minister Tijani’s proactive approach to leveraging partnerships with global technology companies like SpaceX underscores Nigeria’s commitment to harnessing digital solutions for widespread connectivity and economic development.

As the demand for reliable Internet services continues to rise, initiatives like Starlink could play a crucial role in bridging the digital divide and creating employment opportunities in the country.

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