The session, which took place at the Marriott Hotel, Ikeja, was attended by a cross-section of critical stakeholders from the technology and innovation ecosystem.

The event marked a continuation of a broader series of engagements that the Ministry has hosted over time to co-create the Innovation Bill, which seeks to provide a comprehensive legal and regulatory framework to power the development of science, technology, and innovation in Lagos.

At this latest session, the Ministry presented a refined draft of the bill to key actors across the ecosystem, opening the floor for dialogue, critique, and suggestions as part of an inclusive process to ensure the bill is not only fit for purpose but also owned by the community it intends to serve.

Mr. Olatunbosun Alake, the commissioner for Innovation, Science and Technology, who delivered the keynote presentation, provided both historical and philosophical context to the bill.

Citing global case studies—including the evolution of Silicon Valley—he explained that Lagos must adopt a structured, intentional approach to innovation that moves beyond pilot projects and scattered initiatives.

“If we are serious about building an innovation economy, then we must create systems that allow ideas to become inventions, inventions to become startups, and startups to scale into global businesses. That pipeline must be enabled by law,” Alake stated.

He added that following up on the Nigerian startup Act, The Lagos Innovation bill seeks to additionally cover the full spectrum of the innovation pipeline, including the universities , industries etc.

“This bill goes beyond startups,” Alake explained. “It covers knowledge institutions, research and development, digital infrastructure, innovation funding, and the legal frameworks to protect ideas and attract investment. It is our attempt to design a Lagos-specific framework that can scale innovation and institutionalize progress.”

Alake also stressed that the proposed law is designed to catalyze inclusive growth by ensuring that innovation is not limited to elite enclaves or big tech companies but reaches students, grassroots innovators, and underserved communities.

“If innovation is to be meaningful, it must be democratized,” he said. “That means providing access, funding, training, and regulatory support to everyone—from the university researcher in Epe to the agritech startup in Ikorodu. That’s what this bill aims to do.”

Earlier, while welcoming participants to the session, Engr. Mrs. Ibilola Kasunmu, permanent secretary, Lagos State Ministry of Innovation, Science and Technology, emphasized the government’s commitment to participatory policy development and urged stakeholders to provide specific, actionable input:

“This session is not just about telling you what the bill says. It is about asking you: does this work for your context? Will this structure enable innovation, or will it stifle it?”

She said:

“We believe policy must be driven by those who live in the ecosystem. You are the people who understand the bottlenecks, the regulatory frictions, and the investment gaps. That’s why we are here—not just to talk, but to listen, learn, and improve.”

Mrs. Kasunmu noted that the Lagos Innovation Bill is envisioned as a foundational law that will support the state’s ambition to become Africa’s undisputed innovation capital, complementing the Nigeria Startup Act at the federal level while addressing the specific dynamics and needs of Lagos’ fast-evolving tech and knowledge economy.

Delivering a goodwill message, Joel Ogunshola, a respected ecosystem leader and founder of Tech for Tech, praised the Ministry for its sustained engagement on the bill and described the initiative as “visionary and timely.”

“What Lagos is trying to do with this bill is not to reinvent the wheel,” Ogunshola said. “Rather, it is to customize the wheel so that it actually works on our roads. This is not just a tech bill; it is an economic growth framework. It’s about unlocking prosperity, innovation, and talent at a scale we’ve never seen before.”

He highlighted the limitations of national policies that often fail to reflect local realities and argued that sub-national legislation is essential to bridge the gap between ambition and execution. Ogunshola added that the bill presents a critical opportunity to enshrine legal protections and incentives that support not just startups, but also researchers, capital providers, and innovation enablers.

Following the commissioner’s keynote, legal practitioner and adviser to the Ministry, Mr. Alex Adedipe, took stakeholders through the key sections of the draft bill.

The engagement then transitioned into breakout sessions, with attendees divided into clusters. Each group analyzed relevant sections of the bill and submitted feedback, which was collated and presented during the plenary.

Closing the session, the Special Adviser to the Governor on Broadband and Technology, Engr. Ganiyu Oseni, expressed the State Government’s appreciation for the active participation and high-quality feedback received from the session.

He reiterated the State Government’s commitment to ensuring that the final draft of the bill reflects the collective wisdom of the ecosystem and assured stakeholders that more engagements will follow as the bill moves closer to legislative approval.

The post Lagos Deepens Stakeholder Engagement on Innovation Bill With Future Forward Framework appeared first on Tech | Business | Economy.

The event saw the introduction and orientation of its suite of AI-powered products and solutions to Nigeria’s emerging financial ecosystem.

The event, tagged ‘Nigeria Dyna Day’ and themed “AI Unleashed: Revolutionising Nigeria’s Financial Future,” brought together leading voices from the country’s AI, financial, fintech, telecom, and other key sectors, including representatives from government agencies and major enterprises.

In his opening remarks, Mr. Tomas Skoumal, the chairman and co-president of Dyna.Ai, emphasized the strategic importance of Nigeria and the broader African market, stating, “For us, it makes sense to start in Nigeria. There is no bigger country in Africa—this is where the momentum is.”

He noted that Africa is no longer just “the future,” but is actively transforming today, driven by rapid digitalization and fintech innovation.

“This is the perfect time to be here,” he added, highlighting that Dyna.Ai sees technology as a vital bridge to financial inclusion and long-term growth across the region.

Skoumal introduced Dyna.Ai’s advanced Agentic AI solutions, including its proprietary Agent Studio and industry-specific language models, designed to power intelligent automation across customer service, marketing, collections, HR and more.

He also underscored the company’s long-term ambition to invest in local talent, stating, “We’re not just here to sell a product—we’re here to build infrastructure, create local jobs, and scale innovation from Nigeria to the rest of Africa.”

Dyna.Ai also showcased its advanced AI technologies at the event, including AvatarGPT, an AI digital human delivering interactive experiences; VoiceGPT, a voice agent featuring authentic local accents for seamless communication in Yoruba, Hausa, and Igbo; along with live demonstrations showing how these innovations empower customer engagement and employee experience.

Delivering the keynote address at the event, Tokoni Peter Igoin, special assistant to the President on ICT Development and Digital Innovation, underscored the Federal Government’s vision for a secure and forward-thinking digital ecosystem.

“The government of the Federal Republic of Nigeria, under the visionary leadership of His Excellency, President Bola Ahmed Tinubu, is fully committed to responsible innovation. Our approach to AI and financial technology is rooted in a positive framework. It encourages creativity while ensuring transparency, data protection, and digital security”, he said.

Also in his remarks, Olatunbosun Alake, the Lagos State commissioner of Innovation, Science and Technology, gave insights from the government/regulatory perspective.

He announced that the Lagos State government is also taking steps towards the wide adoption and regulation of artificial intelligence in the state with the planned release of the first AI guidelines for the deployment and management of AI in the coming weeks.

He stated, “They are not policies. They are just guidelines to make sure that you and I are building the kinds of products that, in the future, we will be proud to let our children use and not try to protect them from.”

Calling for collective custodianship, he added, “Unchecked AI isn’t just risky—it’s reputationally radioactive… The most enduring returns will come from value that aligns with the public good.”

Alake reiterated Lagos State’s commitment to becoming a hub for responsible AI development and innovation that serves all.

Participants had the opportunity to enjoy an immersive AI Experience Forum, featuring panel sessions, live product demonstrations, and exclusive discussions with Dyna.Ai executives and experts.

The post Fintech Experts Converge as Dyna.Ai Launches Operations in Nigeria appeared first on Tech | Business | Economy.

Oluwaseun Osiyemi, the commissioner for Transportation, announced this during a press briefing on Thursday, stating that the new installations would complement the existing Automatic Number Plate Recognition cameras and other Traffic Management Solution devices.

“The checkpoint sites are designed to detect overspeeding. One is located at Alapere, Ogudu Road, with a speed limit of 80km/h, while the other is installed at Nitel, Mobolaji Bank Anthony Way, with a speed limit of 60km/h. These checkpoint sites are strategically located to detect and deter overspeeding, which remains one of the leading causes of road accidents.

“On the other hand, the e-police sites for traffic violations are installed at Allen Avenue Road Junction and Nurudeen Olowopopo Road. These e-police sites are designed to detect a wide range of traffic violations, including running red lights, non-compliance with lane discipline, illegal U-turns and reverse driving on highways,” Osiyemi said.

While appealing to motorists for compliance, he stated that the fine for violating the red light is N20,000 and the fine for violating the speed limit is N50,000.

“It is important to also note that enforcement will commence immediately. Motorists who violate traffic laws as detected by the ITS will receive SMS notifications from the Vehicle Inspection Service department, detailing the nature of the violation and the corresponding fines to be paid.

“This system is not designed to be punitive but to encourage responsible driving behaviour and reduce the rate of accidents on our roads. The goal is simple: to save lives, protect property, and create an orderly transportation environment,” he added.

Present at the briefing included the Commissioner for Innovation, Science, and Technology, Olatunbosun Alake, Permanent Secretary, Ministry of Transportation, Olawale Musa, representatives from Huawei Technologies, and key directors from the ministry.

The post Speed Limit: Lagos Adopts Huawei Intelligent Transport System appeared first on Tech | Business | Economy.

The event garnered participation from distinguished organizations, among them Jobberman, the Association of Elite Human Resource Professions (AEHRP), Torch and Pay, Talenture, TerraWorks, and Vesti, who converged to identify and recruit talented individuals primed for various tech roles. Ingryd Academy also had partners including LSETF, GIZ, among others.

Khadijat Abdulkadir, CEO of Ingryd Academy, welcomed attendees, expressing gratitude to the partners for their commitments towards the cause.

In her address, she pointed to the significance of the program’s evolution and role in addressing the talent gap within the tech industry.

She emphasized the program’s mission to empower and support individuals, thereby fostering opportunities for personal growth and national transformation.

She stated, “A year ago, I wasn’t sure how this journey would unfold. Yet, today, as I stand before you, witnessing the completion of dedication and potential, I am reminded of Africa’s limitless possibilities. Through empowerment and support, we envision a future where individuals consume technology and actively contribute to its creation.“

Reflecting on the growth, Ingryd Academy CEO highlighted the program’s focus on continuous improvement and the expansion of opportunities. She underlined the importance of sustained effort and dedication, encouraging graduates to embrace a mindset of lifelong learning and empowerment.

Sandra Vermuijten, Team Lead of GIZ – Centre for Migration and Development, lauded the collaborative efforts driving impactful change within Nigeria’s tech sector.

She commended the partnership forged with Ingryd Academy, stressing the importance of long-term investment in human capital development. Sandra called attention to the need for sustainable solutions that go beyond just training, advocating for initiatives that bring in meaningful employment opportunities and economic empowerment.

Feyisayo Alayande, acting executive eecretary of LSETF, highlighted the essence of collaboration and progress. She celebrated the strides made in bridging the tech talent gap and outlined the organization’s dedication to facilitating an enabling environment for job creation in Lagos State.

Feyisayo noted the importance of innovation and entrepreneurship, urging graduates to leverage their skills to drive positive change within society.

Among invited guests was Olatunbosun Alake, Commissioner of Innovation, Science, and Technology for Lagos State, who delivered a speech highlighting the significance of community engagement and the essence of technology and education in driving societal change.

Alake emphasized the importance of engaging with governmental bodies, urging attendees to connect with their representatives and actively participate in civic discourse.

The ceremony also featured insights from Engr Gbolahan Olusegun Yishawu, a Lagos Assembly member representing Eti-Osa constituency II, who celebrated the impact of education and selfless dedication to community development. Yishawu affirmed the importance of upskilling and continuous learning, urging graduates to seize opportunities and pursue excellence in their respective fields.

In a panel discussion moderated by Amabelle Diana Nwakanma, Director of Programmes at LEAP Africa, professionals from various sectors, including Audrey Odogu, Philanthropies Lead Nigeria and Ghana at Microsoft; Gbenga Omolokun, Managing Director, VFD Microfinance Bank; Folarin Aiyegbusi, Head of Startup Ecosystem for Africa at Google; Moyin Oke, Design Expert, spoke on the theme: “Future Frontiers: Navigating Tech Trends and Career Opportunities.” 

Audrey Odogu, stressed the significance of investment in local talent and bridging the digital divide. She spotlighted the importance of exploiting talent within Nigeria and Ghana to seize available opportunities. Odogu brought to light the potential of local expertise in scaling the growing tech sector.

As she stated, “We need to bridge the digital divide and exploit our local talent pool to its fullest potential.”

Folarin Aiyegbusi delved into the aspect of startups, emphasizing the importance of strategic tech entrepreneurship and quality assurance.

His perspective was on the need for startups to focus on quality and innovation amidst developing market dynamics.

Aiyegbusi’s comment, “Focus should be frequent on the quality of strategic tech startups,” is in line with the imperative of prioritizing excellence in technological ventures.

Moyin Oke brought a unique perspective to the discussion, reflecting on the evolution of design in the tech sector.

Drawing from personal experience, Oke highlighted the power of acquiring relevant skills and embracing technological advancements.

His emphasis on leveraging individual potential affirmed that technology empowers individuals to redefine career pathways and embrace creative opportunities.

On the other hand, Gbenga Omolokun emphasized the importance of discipline and adaptability in navigating remote work environments.

He shed light on the nuanced balance between technological innovation and human-centric approaches in the workplace. Omolokun spoke on effective collaboration and solution-oriented thinking, highlighting the effectiveness of technology in addressing societal challenges.

Audrey Odogu, spoke further on the power of partnerships and collaboration in driving innovation and progress.

She said, “We need people to come together, break things down, and collaborate effectively to address market needs.” The significance of leveraging collective expertise and resources to tackle complex challenges while unlocking new possibilities was her drive. Her insights brought to light Microsoft’s commitment to stimulating collaborative ecosystems that empower individuals and organizations to thrive in the digital age.

Folarin Aiyegbusi, reiterated the importance of proactive engagement and continuous learning in steering the changing tech sector.

Reflecting on his journey, Aiyegbusi emphasized the value of curiosity and adaptability, stating, “All of us need to be open to trying something new, to exploring uncharted territories, and to embracing continuous learning.” He pointed to aspiring entrepreneurs and tech enthusiasts, highlighting the imperative of embracing change and seizing opportunities for growth and exploration.

Gbenga Omolokun, Managing Director of VFD Microfinance Bank, accentuated the epic role of execution and problem-solving in driving successful partnerships.

Omolokun stressed the importance of understanding market dynamics and responding to evolving customer needs, stating, “Partnerships thrive when there is a shared commitment to solving real-world problems and delivering tangible value to customers.” 

Moyin Oke again spoke on the dual importance of internal alignment and external networking in facilitating successful partnerships and driving innovation. He emphasized the need for clarity of vision and strategic alignment, stating, “Building successful partnerships requires a clear understanding of internal objectives and external market dynamics.” 

The discussions pointed to the importance of enabling local talent, embracing innovation, and leveraging technology as a catala motivation for socio-economic transformation. T

/he graduates are well prepared to scale through the world of technology and career advancement with resilience and adaptability.

As Moyin Oke stated, “Every single person in this room is a representative of what we really do and how far we really can go as people.”

The program gradually reached its conclusion with the presentation of certificates to the graduates. It was a proud moment for individuals who had worked hard for years to achieve this milestone in their lives. Thanks to Ingryd Academy!

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