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Digital technologies’ll create $13 trillion in economic value by 2025, says NITDA MD
Digital technologies’ll create $13 trillion in economic value by 2025, says NITDA MD
*Tasks institutions on development of Digital Economy
By Stephen Olufemi Oni, Ilorin
The Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has disclosed that digital technologies have the potential to create a whopping $13 trillion in economic value by 2025, noting that Digital Economy is creating new opportunities for businesses, governments, people and institutions to collaborate and innovate.
Abdullahi, who spoke on Wednesday in Ilorin, the Kwara state capital, at a Digital Economy Sensitisation Lecture Series 2023 organised by the Centre For Digital Economy, Kwara state University (KWASU), Malete, said Digital
Economy is driven by advances in technology such as the internet, mobile devices, and cloud computing, adding that these technologies are making it possible for businesses to reach new markets and customers, and for individuals to access information, goods and services from anywhere in the world.
He said: “In order to fully reap the potential benefits of the Digital Economy, we have to aggregate our resources together as government, people and institutions. The triple helix model is an interaction among these three for the purpose of fostering the economic transformation of various sectors of the economy.
“In this case, our Ivory Towers are the main source of impacting knowledge, research and intellectual discussions. The people and industries being the principal vehicle of commercialisation while the government retains its crucial regulatory role. Government’s role is therefore critical in the development of the Digital Economy because it must create an environment that is conducive for innovation, investment and growth.”
The NITDA MD, who was represented by a Director in the Agency, Oladejo Olawunmi, said institutions play a critical role in the development of the Digital Economy, adding that they are the engines of innovation providing the knowledge, skills, and research necessary for the Digital Economy to grow.
He said: “It is important that these institutions align their activities and curriculum with current societal demands and provide opportunities for students to gain hands-on experience through internships at relevant organisations. The government, through organisations like NITDA, can support these institutions by providing infrastructure, grants, and regulations that foster capacity development.
“At the same time, it is important to remember that the people are at the heart of the Digital Economy. They are the consumers, workers, and entrepreneurs driving its growth and the ones who stand to benefit the most from the new opportunities and services it provides. It is crucial that the Digital Economy is inclusive and sustainable, benefiting everyone.”
In his address, the Acting Vice Chancellor of the Kwara state University (KWASU), Prof.
Shaykh Luqman Jimoh, who lauded NITDA for the donation of equipment through the partnership of Ilorin Innovation Hub to the institution, said the Centre for Digital Economy is one other way the institution is contributing to the growth of her immediate and extended environment, by bringing together key players in the digital economy world to sensitise participants of the diverse ways the digital economy can be jointly harnessed by the government, the people and the institutions to drive the economy and improve the general quality of life of the people.
He said: “In the history of the world, digital technologies have advanced more rapidly than any other innovation, so much so that the world has transformed into a digital world where everyone; governments, organisations and individuals, have become dependent on some form of digital support, however simple.
“The KWASU Centre for Digital Economy (CDE) is in collaboration with Ilorin Innovation Hub and is backed by the National Information Technology Development Agency (NITDA), for Digital Economy training. The training Centre is in Ilorin and is focused on all the processes, infrastructure, and regulations involved in conducting business across markets via the internet.”
End
News
‘Ombugadu Is a Brand, Not a Title’ — PDP Chieftain
By Emmanuel Kuza
A chieftain of the Peoples Democratic Party (PDP) in Nasarawa State, Abuga Ovie, has described the name Ombugadu as a political brand, saying the popularity and wide acceptance of the name have made David Emmanuel Ombugadu a major force in the state’s political landscape.
Ovie, who stated this in an interview on Tuesday, said what started as opposition from some of Ombugadu’s biological brothers and people he described as fathers and uncles who betrayed him for personal political interests had now assumed a wider dimension, with political parties allegedly joining the battle against him.
According to him, the latest development was an attempt to undermine the political value of the Ombugadu name by presenting another person with the same surname, describing it as an indication of how far some political actors were prepared to go to weaken the PDP governorship candidate.
“Ombugadu is a brand, not a title. The people are not fools. They know their own. You cannot simply bring another person bearing the same name and expect the people to forget the political identity that Ombugadu has built over the years,” he said.
He further alleged that a former governor was working to introduce a political associate who had served as Accountant-General of Nasarawa State into the political equation, with the alleged objective of destabilising the PDP and weakening its chances by ensuring that the party fields a less competitive candidate in 2027.
“The plan, as we understand it, is to destabilise the PDP and make sure the party presents a weak candidate, thereby creating an advantage for the former governor’s preferred candidate. But all those efforts have proved abortive because the national leadership of the PDP stood its ground and refused to lose its best bet for the 2027 governorship election,” Ovie said.
The PDP chieftain said the resolve of the national leadership to retain Ombugadu had demonstrated the confidence the party had in his capacity to win the governorship election, despite what he described as attempts by some political actors to frustrate his ambition.
Ovie urged political parties and their leaders to resolve their internal differences instead of concentrating their efforts on Ombugadu, whom he compared to David in the Bible, saying he remained focused despite betrayal and opposition from those close to him.
“Ombugadu is like David in the Bible. Even when his brothers forsook him, he remained focused. Today, despite the people who have betrayed him, he remains focused and has a blueprint that can rescue Nasarawa State,” he said.
He said political parties should concentrate on presenting their programmes and convincing voters about how they intend to address the challenges confronting the state rather than expending their energy on attempts to stop Ombugadu.
“Political parties should fix their problems instead of wasting their strength fighting Ombugadu. Let everybody bring their blueprint before the people and explain what they intend to do for Nasarawa State,” he said.
Ovie maintained that the 2027 election should be about ideas, competence and the future of Nasarawa State, rather than attempts to manipulate political structures or undermine individuals perceived to enjoy strong grassroots support.
He urged the people of the state, particularly the Eggon community, to remain politically vigilant and resist what he described as efforts to make them settle for less, insisting that voters would ultimately determine who enjoys their confidence at the polls.
Reduce repeated references to Ombugadu
News
200 widows benefit from empowerment outreach in Plateau
By Israel Adamu, Jos
Two hundred widows from communities across Langtang North Central State Constituency of Plateau State have benefited from an empowerment outreach organised by Gimbiya Gani Nandir Lar under the Jagoran Talakawa movement.
The outreach, held at Pilgani in Langtang North Local Government Area, was aimed at supporting vulnerable women and drawing attention to the challenges faced by widows, particularly those struggling to provide food, pay school fees and meet other basic needs for their families.
The organiser, Nandir Lar, who is the All Progressives Congress, APC, candidate for Langtang North Central State Constituency, said the gesture was motivated by compassion and concern for vulnerable members of the society.
She stressed that the outreach was not a political programme but an expression of love and support for humanity.
Nandir Lar said: “The plight of widows may not always make headlines, but their struggles are real, painful and deserving of our collective attention.
“This is simply an expression of compassion and love for humanity. It is not a political programme.
“Our constituency is home to people with diverse needs, including mothers, widows and young people who are seeking opportunities to improve their lives.”
Former Provost of the Federal College of Education, Pankshin, Amos Chirfat, commended the initiative, saying it had brought smiles to the faces of vulnerable women in the constituency.
Minority Leader of the Langtang North Legislative Council, Dirya Sheni, also commended Nandir Lar for supporting widows and other vulnerable members of the community.
At the end of the outreach, each of the 200 beneficiaries received a 10-kilogramme bag of corn flour, seasoning and N10,000 cash
News
SCUML, REDAN Strengthen Collaboration on Anti -Money Laundering Compliance
By Francis Wilfred
The Special Control Unit against Money Laundering (SCUML), and the Real Estate Developers Association of Nigeria (REDAN) have expressed commitment to ensure a full compliance with the Anti Money Laundering/Counter Finance on Terrorism/Counter Proliferation Financing, (AML/CFT/CPF) laws within the Nigeria’s real estate sector.
They made the resolve during a stakeholders’ engagement held on Thursday, September 10, 2026
The engagement focused on Mutual Evaluation readiness, risk-based supervision, beneficial ownership transparency, customer due diligence, internal controls and stronger collaboration between SCUML and the real estate sector.
Assistant Commander of the EFCC, ACE 1 Ibinabo Amachree, speaking on behalf of SCUML highlighted the strategic role of real estate operators in protecting the integrity of Nigeria’s financial system, particularly given the sector’s vulnerability to money laundering and other financial crime risks.
Amachree encouraged REDAN members to move beyond registration to ensure that compliance is embedded in their day-to-day operations. He mentioned the areas to include: understanding institutional risks, knowing customers and beneficial owners, identifying politically exposed persons, conducting appropriate sanctions screening, maintaining effective internal controls and meeting applicable reporting obligations
He, therefore, reaffirmed readiness to working closely with REDAN and other stakeholders to improve compliance, build capacity and promote a stronger culture of accountability across the real estate sector
“The message is clear: effective compliance is not just about meeting regulatory requirements; it is about protecting businesses, strengthening the real estate sector and safeguarding the integrity of Nigeria’s financial system”, she said.
In his remarks, the Chairman of REDAN, Lagos state, Mr Tony Kolawole pledged readiness to partner with SCUML in ensuring compliance with AML/CFT/CPF in the real estate sector to uphold financial integrity.
The engagement also provided an opportunity for REDAN members to share practical regulatory and operational challenges affecting the sector, reinforcing the importance of continuous dialogue between regulators and industry stakeholders.
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