digitalisation – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Tue, 19 May 2026 13:32:58 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png digitalisation – Tech | Business | Economy https://techeconomy.ng 32 32 DTML Partnership: Iwopin Embraces Digital Transformation to Preserve Cultural Heritage https://techeconomy.ng/iwopin-embraces-digital-transformation-to-preserve-cultural-heritage/ https://techeconomy.ng/iwopin-embraces-digital-transformation-to-preserve-cultural-heritage/#respond Tue, 19 May 2026 13:32:58 +0000 https://techeconomy.ng/?p=181797 In a historic move set to redefine the preservation and global promotion of Nigeria’s cultural heritage, the Kingdom of Iwopin has entered into a landmark strategic partnership with Digital Transformation Media Limited (DTML) for the digitalisation and international promotion of the revered Okosi Festival.

The agreement, signed May 9, 2026 on the sidelines of the colourful Okosi Iwopin Ajidagan 2026 Festival, marks a defining moment in the cultural and economic trajectory of Iwopin, as the Kingdom embarks on a journey to elevate the annual Okosi boat regatta from a celebrated local heritage event into a globally recognised cultural tourism spectacle.

Speaking on the significance of the agreement, His Royal Majesty, Oba Sunday Adeniyi Agbojo, the Liken of Iwopin Kingdom, delivered a profound and visionary address that underscored the cultural, historical, and transformational importance of the landmark partnership.

Royal Vision: A Heritage Reawakened for the World

His Royal Majesty described the Okosi Festival as more than a celebration, but a living testament to the identity, resilience, and maritime heritage of the Iwopin people.

“This is not merely the signing of an agreement; it is the opening of a new chapter in the history of our Kingdom,” the monarch declared. “For generations, the Okosi Festival has been the heartbeat of our people, a sacred convergence of culture, history, and communal pride expressed through the rhythms of the waters, the splendour of our regatta, and the unity of our people.”

The Royal Father emphasised that the partnership with DTML represents a deliberate and strategic effort to ensure that this heritage is not only preserved but amplified across Nigeria, Africa and beyond.

“In an age where the world is increasingly interconnected through technology, it is imperative that our heritage is not confined to our shores alone. Through this collaboration, the sights, sounds, and spirit of Okosi will travel beyond Iwopin, beyond Ogun State, and beyond Nigeria, to reach audiences across Africa and the global community.”

Drawing a powerful historical parallel, Oba Agbojo positioned the Okosi Festival within the broader narrative of African cultural renaissance.

“We recall with pride the great cultural convergence that took place during FESTAC ‘77 in Lagos, where the richness of Black heritage was displayed before the world. The Okosi Festival, which was proudly showcased at this historic event, stands in that same lineage of cultural excellence, a showcase of identity, heritage, and tradition that deserves its rightful place on the global stage.”

He further noted that the digital transformation initiative would ensure that the festival evolves while retaining its authenticity.

“This partnership guarantees that while we embrace modern technology, we do not lose the essence of who we are. Our traditions will remain sacred, our stories will remain authentic, and our people will remain at the centre of this transformation.”

A Cultural and Economic Transformation Agenda

The monarch highlighted the broader implications of the agreement, particularly its potential to drive economic growth and youth empowerment within the Kingdom.

“This initiative is not only about culture; it is about prosperity. It is about creating opportunities for our youth, empowering our artisans, and positioning Iwopin as a destination of choice for cultural tourism. Through digital innovation, we will unlock new economic pathways for our people.”

He expressed confidence in DTML’s capacity to deliver on the ambitious vision outlined in the the landmark partnership agreement.

“We have found in DTML a partner that understands both the power of storytelling and the importance of technology in shaping the future. Together, we will ensure that Okosi becomes a beacon of cultural pride and a driver of economic advancement.”

Edi Lawani: Bridging Heritage and Global Entertainment

Entertainment legend and Advisory Board Member at DTML, Mr. Edi Lawani, brought a unique perspective to the partnership, positioning it within the global evolution of cultural festivals as platforms of influence and economic value.

“This is a defining moment, not just for Iwopin, but for Nigeria’s cultural landscape,” he stated. “Across the world, cultural festivals have evolved into powerful global brands, platforms that attract tourism, investment, and international recognition. What we are witnessing here is the birth of such a transformation for the Okosi Festival.”

Mr. Lawani emphasised that the fusion of tradition and modern media would unlock unprecedented opportunities.

“The richness of the Okosi Festival lies in its authenticity: the regatta, the cultural expressions, the communal energy. What DTML brings to the table is the ability to package and project this authenticity in a way that resonates globally, without diluting its essence.”

He noted that the initiative aligns with global trends in cultural consumption.

“Today’s audience is digital. They experience culture through screens, through immersive content, through storytelling that transcends geography. By digitising Okosi Iwopin, we are not just preserving it; we are making it accessible to the world.”

Mr. Lawani also highlighted the importance of positioning the festival within the international tourism ecosystem.

“With the right execution, Okosi Iwopin can become a destination event, something people plan their calendars around, just as they do with major festivals across Africa and beyond. This partnership lays the foundation for that reality.”

Technology as a Catalyst for Cultural Transformation

Providing the strategic and operational perspective, Mr. Shina Badaru, founder and Chairman of DTML, described the agreement as a bold step in redefining how culture is preserved and promoted in the digital age.

“At DTML, we believe that culture and technology are not opposing forces; they are complementary drivers of progress,” he stated. “This partnership embodies that philosophy by leveraging digital tools to amplify one of Nigeria’s most unique cultural assets.”

Mr. Badaru explained that the Okosi Iwopin programme aligns with the technology group’s “Nigeria Heritage Initiative” which includes the development of a digital ecosystem for the festival.

Under the plan, DTML said it has success acquired the premium Nigerian internet domain okosiiwpoin.ng, to serve as the digital home of the annual Okosi Ajidagan Festival on the internet.

“The platform,” according to Mr. Badaru, “will drive strategic storytelling, tourism promotion, partnerships, media engagement and innovative digital experiences that will elevate the festival onto the global tourism map.”

He added that,

“We are deploying a multi-layered strategy that includes a dedicated digital platform, immersive multimedia content, live streaming capabilities, and the creation of a digital cultural archive. This ensures that the Okosi Iwopin Festival is not only experienced physically but also digitally, by audiences anywhere in the world.”

He stressed that the initiative goes beyond visibility to deliver measurable impact.

“This is about building a sustainable cultural economy. Through strategic partnerships, sponsorships, and global media engagement, we will create value that benefits the community, supports local enterprises, and attracts investment.”

Mr. Badaru also underscored the importance of capacity building within the community.

“A key component of this initiative is empowering local youth with skills in digital media, content creation, and event technology. This ensures that the transformation is inclusive and that the benefits are felt across the community.”

Positioning Okosi Iwopin on the global stage

The agreement establishes a long-term framework for collaboration, spanning a diverse array of sustained effort to build the Okosi Iwopin Festival into a globally recognised brand.

Iwopin Kingdom Digital Transformation
L-r: Shina Badaru, founder and Chairman of DTML, and His Royal Majesty, Oba Sunday Adeniyi Agbojo, the Liken of Iwopin Kingdom

Under the agreement, DTML assumes the role of Exclusive Strategic Partner for the digitalisation and promotion of the festival, while the Iwopin Kingdom preserves cultural stewardship and institutional support.

At its core, the partnership is about repositioning the Okosi Iwopin Festival as a flagship cultural event that reflects the richness of Nigeria’s heritage while embracing the possibilities of the digital future.

From the vibrant boat regatta that defines the festival to the intricate cultural expressions that accompany it, every element is set to be documented, preserved, and showcased to a global audience.

The initiative will leverage advanced media production, strategic marketing, and international partnerships to ensure that the festival gains visibility across key markets.

A New Era for Cultural Heritage in Nigeria

The agreement between the Kingdom of Iwopin and DTML signals a broader shift in how cultural heritage is approached in Nigeria, moving from preservation in isolation to promotion through innovation.

It represents a model that can be replicated across other cultural assets in the country, demonstrating how technology can be harnessed to unlock value while safeguarding tradition.

With the combined strength of traditional authority, creative expertise, and technological innovation, the festival is poised to become a symbol of cultural pride, economic opportunity, and international recognition.

In the words of His Royal Majesty:

“The world will hear our story. The world will see our culture. And the world will know Iwopin.”

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Betting on Survival: The Economics Behind Nigeria’s Gambling Surge https://techeconomy.ng/betting-on-survival-nigeria-gambling-surge/ https://techeconomy.ng/betting-on-survival-nigeria-gambling-surge/#respond Mon, 23 Jun 2025 11:00:05 +0000 https://techeconomy.ng/?p=161588 Every day, millions of Nigerians refresh their phones, eyes fixed on bet slips filled with hope. A ₦500 wager promises ₦50,000; a single goal or corner could decide whether there’s money for fuel, food, or transport tomorrow. 

Beyond a game or entertainment, betting has turned into survival for many. It has become a shadow economy; unregulated, growing, and dangerously desirable. 

While inflation has eased to 22.97% in May 2025, the cost of living is still painfully high. Food inflation stands at 21.14% in some regions, with over 11 million youth currently unemployed. The formal job market is weak and the naira’s value is still volatile. So, in this situation, sports betting has surged, offering supposed instant relief.

Betting Grew with Digitalisation

Once confined to corners and street kiosks, betting has evolved into an app-powered business. With platforms like Bet9ja, SportyBet, and 1xBet just a tap away, the gambling industry has embedded itself into Nigeria’s digital space.

What changed? Fast mobile internet, zero-data apps, and fintech services have made online betting frictionless. These platforms create full digital systems where engagement is constant and money moves in microseconds.

Nigeria’s gambling market is now projected to reach ₦5.4 trillion ($3.63 billion) in revenue by the end of 2025 and it goes beyond niche interest; more than 60 million Nigerians place bets regularly, and 51.7% of adults have participated in sports betting in the past year. Of those, 92.8% use mobile apps or online platforms, showing the influence of smartphones and digital wallets in everyday life.

Desperation in Disguise

To be honest, most people aren’t betting for fun but because life offers few alternatives. With few stable jobs, unaffordable essentials, and a currency unable to hold value, betting has become a tool of survival for millions.

They are not just chasing money, they are chasing control in a system that feels broken. The psychology is that even a low-probability win can feel like a plan. It gives people something to believe in, even if only for a weekend.

Over time, the lines between entertainment and necessity blur. I’ve seen friends who were once risk-averse now talking fluently in betting codes, obsessing over odds and results. Some bet daily, others borrow to place “just one more” slip. Hope is addictive, especially when nothing else feels within reach.

Influencers, Fintechs, and the Normalisation of Risk

There’s now a new breed of influencers; betting tipsters, odds peddlers, and prediction gurus. Dressed in designer labels and framed by luxury cars, they turn betting into a lifestyle brand. On TikTok and Telegram, they promise “sure odds,” flaunt “big wins,” and sell paid subscriptions for “insider tips.” The reality they promote is rarely about risk but all reward.

Fintech platforms, meanwhile, have enabled seamless payment flows. Digital wallets make it easy to deposit and bet without friction. These wallets, usually used for remittances, bill payments, and savings, are now primary gateways to betting platforms. This convergence of fintech and gambling is largely unregulated, and it leads to concerns about responsibility and ethics.

Are we witnessing a silent partnership between digital finance and digital gambling?

The Human and Economic Cost

The fallout is not always visible, but it is real. Gambling addiction is increasing, especially among the youth. Families are breaking under the weight of debt, rent money is disappearing into betting apps, students are skipping meals to place multi-slip bets and many of these stories never make headlines, because failure in betting is quietly endured.

Even more alarming is the number of underage users involved. Despite legal restrictions, many teenagers are actively betting, aided by lax digital checks and loopholes in mobile registrations. Age barriers exist, but in practice, enforcement is nearly non-existent.

What we’re seeing is beyond a financial issue, it’s a public health problem in slow motion.

The Silence of the Regulator

The National Lottery Regulatory Commission exists, but its voice is barely heard. There is no serious public campaign against betting addiction, no framework to hold platforms accountable for unethical practices and no formal obligation on fintechs to flag or limit excessive gambling behaviour.

This is both a policy gap and a leadership void. Betting companies are flourishing, yet there’s almost no investment in user education, digital well-being, or transparency.

Gambling isn’t illegal but unregulated gambling in a weak economy creates a recipe for personal and collective harm.

What Are We Really Betting On?

When millions of people, many of them educated, spend their days chasing odds, what does that say about our economy? What does it say about the level of trust in formal employment, fair wages, and long-term planning?

We can’t build a future by turning hope into a business model. The growth of betting isn’t just a statistic but a warning that when systems fail, people will create their own logic, their own economy, their own faith in chance.

With wages delayed in our country, pensions corrupted, and job offers being like lottery, betting has become the new currency of hope. But it is a fragile, dangerous hope that can easily flip into despair.

Nigeria needs better choices, better opportunities and leadership that understands that surviving should never have to come down to a single bet.

Have you felt the pressure to bet just to get by? Join the conversation using #MacroMonday or share your story with us at Techeconomy.

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Smart Africa Digital Academy (SADA) Inaugurates its National Digital Academy in Ghana https://techeconomy.ng/smart-africa-digital-academy-sada-inaugurates-its-national-digital-academy-in-ghana/ https://techeconomy.ng/smart-africa-digital-academy-sada-inaugurates-its-national-digital-academy-in-ghana/#respond Fri, 20 May 2022 13:48:02 +0000 https://techeconomy.ng/?p=74474 Smart Africa’s capacity building arm, the Smart Africa Digital Academy (SADA) in partnership with Ghana’s Ministry of Communications and Digitalisation have launched a national digital academy in the country, marking the official kick off of in-country implementation of the initiative.

The agreement is contained within a Memorandum of Understanding (MOU) signed today between the Smart Africa Alliance and the Ghana’s Ministry Communications and Digitalisation.

The launch in Ghana follows the roll out of national digital academies of SADA that took place in the Republic of Congo in February and in Rwanda in March.

As a pan-African dynamic learning ecosystem, SADA aims to improve digital skills qualifications, employability, and meet the emerging talent needs of African citizens.

The national digital academy will support the uniquely identified digital skills priority needs at the national level.

Furthermore, such national digital academies will soon be rolled out in Benin, Burkina Faso, Côte d’Ivoire, Tunisia, Kenya and the Democratic Republic of Congo.

Prior to this official launch, SADA implemented in April a federated cloud proof of value workshop in Accra where over 100 people from the public and private sector were trained.

This workshop aimed to strengthen the countries’ Data Centers and Cloud Services ecosystem with the collaboration of our private sector partners, HPE and Intel.

Additionally, this week, SADA held two other peer learning workshops; one on Digital Payment and the other on Artificial Intelligence, during which more than 60 experts gathered to gain knowledge and exchange best practices on digital payment ecosystem, and in developing AI Frameworks in Ghana.

As part of the next steps, Smart Africa and the Ministry of Communications and Digitalisation will continue to collaborate with the key stakeholders to successfully execute the defined priority initiatives under the SADA Ghana framework.

These initiatives range from executive education in specialized topics to training of teachers and training of trainers in advanced computing. They will be implemented in collaboration with our development partners and private partners such as GIZ, World Bank, ITU, HPE, A4AI and more.

Commenting on the launch, Mr. Lacina Koné, the Director General and CEO of Smart Africa said: “Ghana is one of the most active countries of the Smart Africa alliance and has been instrumental in advancing digital skills of its citizens. We are pleased to contribute positively to the nation capacity building through the launch of SADA in Ghana.”

“At the heart of the digital transformation lies the need to bridge the digital skills gap of our continent’s future and present workforce. I would like to thank all our partners and the Republic of Ghana for officially onboarding the SADA journey” he added.

Hon. Ursula Owusu-Ekuful, Minister of Communications and Digitalisation who graced the launch thanked Smart Africa and said “Today marks a proud moment for the people of Ghana and Africa at large in the area of digital skills and empowering African citizens in taking advantage of the digital transformation”

Since its start of operation in August 2020, focusing on the Capacity Building for Decision Makers (CBDM) module, SADA has trained over 2,000 policy and decision-makers across 26 countries in trending digital transformation topics including Artificial Intelligence Use Cases, 5G Connectivity, Data Protection & Privacy, Rural Broadband Policies, Security Technologies, Regulatory and Innovative Sandboxing Environments, Data Centers and Cloud, Digital Identity for Underserved, ePayment, etc.

The objective is to reach over 22,000 trained beneficiaries by 2023, supported by the SADA In-country implementation wave.

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Tracking Your Heartbeat, Payment Data? Vulnerabilities Found in the Data Transfer Protocol for Wearable Devices https://techeconomy.ng/tracking-your-heartbeat-payment-data-vulnerabilities-found-in-the-data-transfer-protocol-for-wearable-devices/ https://techeconomy.ng/tracking-your-heartbeat-payment-data-vulnerabilities-found-in-the-data-transfer-protocol-for-wearable-devices/#respond Fri, 04 Feb 2022 11:06:19 +0000 https://techeconomy.ng/?p=67455 Cybersecurity experts have found out that the most commonly used protocol for transferring data from wearable devices used for remote patient monitoring contained 33 vulnerabilities, including 19 “critical vulnerabilities” in 2021 alone.

According to the Kaspersky experts, this is 10 more critical vulnerabilities than in 2020, and many of them remain unpatched. Some of these vulnerabilities give attackers the potential to intercept data being sent online from the device.

The ongoing pandemic has led to a rapid digitalisation of the healthcare sector. With hospitals and healthcare staff overwhelmed, and many people quarantined at home, organisations have been forced to rethink how patient care is delivered.

In fact, recent Kaspersky research found that 91% of global healthcare providers have implemented telehealth capabilities.

However, this rapid digitalisation has created new security risks, especially when it comes to patient data. 

Part of telehealth includes remote patient monitoring, which is done using so-called wearable devices and monitors.

These include gadgets that can continuously or at intervals track a patient’s health indicators, such as cardiac activity.

The MQTT protocol is the most common protocol for transmitting data from wearable devices and sensors because it’s easy and convenient. That’s why it can be found not only in wearable devices, but also in almost any smart gadget.

Unfortunately, when using MQTT, authentication is completely optional and rarely includes encryption.

This makes MQTT highly susceptible to man in the middle attacks (when attackers can place themselves between “two parties” while they communicate), meaning any data transferred over the Internet could potentially be stolen.

When it comes to wearable devices, that information could include highly sensitive medical data, personal information, and even a person’s movements.

Since 2014, 90 vulnerabilities in MQTT have been discovered, including critical, many of which remain unpatched to this day. In 2021, there were 33 newly discovered vulnerabilities, including 18 critical ones—10 more than in 2020. All of these vulnerabilities put patients at risk of having their data stolen.

Number of vulnerabilities found in the MQTT protocol, 2014-2021
Number of vulnerabilities found in the MQTT protocol, 2014-2021

Kaspersky researchers found vulnerabilities not only in the MQTT protocol but also one of the most popular platforms for wearable devices: the Qualcomm Snapdragon Wearable platform.

There have been more than 400 vulnerabilities found since the platform was launched; not all have been patched, including some from 2020.

It’s worth noting that most wearable devices track both your health data and your location and movements. This opens up the possibility of not just stealing data but also potentially stalking.

“The pandemic has led to a sharp growth in the telehealth market, and this doesn’t just involve communicating with your doctor via video software. We’re talking about a whole range of complex, rapidly evolving technologies and products, including specialised applications, wearable devices, implantable sensors, and cloud-based databases. However, many hospitals are still using untested third-party services to store patient data, and vulnerabilities in healthcare wearable devices and sensors remain open. Before implementing such devices, learn as much as you can about their level of security to keep the data of your company and your patients safe,” comments Maria Namestnikova, Head of the Russian Global Research and Analysis Team (GReAT) at Kaspersky.

How to keep patient data safe: Kaspersky recommends that healthcare providers:

  • Check the security of the application or device suggested by the hospital or medical organisation
  • Minimise the data transferred by telehealth apps if possible (e.g. don’t let the device send the location data if it’s not needed)
  • Change passwords from default ones and use encryption if the device offers this
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