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FCCPC records reduction in complaints on illegal digital money lending



The Federal Competition and Consumer Protection Commission (FCCPC) says it has recorded significant reduction in the number of consumer complaints regarding illegal digital money lending activities.

Mr Babatunde Irukera, the Executive Vice Chairman of the Commission, said this via commission’s twitter handle on Wednesday.

Irukera attributed the reduction in complaints to the enforcement embarked on by the FCCPC joint taskforce.

“I agree that some activities of digital money lending institutions have destroyed relationships, whether professional or personal, and that is why we are doing all we can.

“I will be the first person to agree that there is a problem out there.

“Messages are still coming, harassment is still coming, but frankly, we have been tracking this for a while,” he added.

The FCCPC boss said that the complaints were the lowest recorded in the last two years, following several enforcement embarked by the Commission.

“This is the lowest it has been in two years. From March that we started this enforcement; there has been a significant reduction.

“I will say that after our enforcement last month, we counted probably less than 25 per cent looking at the tracking of the complaints that came in.

“But 25 per cent is not it, we will keep doing what we are doing, even adding more,” Irukera said.

He said that the taskforce would continue to set the guard rails and make the loan shark businesses difficult.

“Wherever we find their bank accounts, we lock it down, whatever applications they are using, we go to google, we take them down,” Irukera said.

He said that in pursuant to the order of the commission, Google had taken down over 70 applications and the FCCPC had locked out over 60 bank accounts.

The Executive Vice Chairman said that Flutterwave had also taken down dozen applications.

Irukera appealed to members of the public to send their complaints relating to illegal money lending activities to


Nigeria signs multi-sectoral agreements with Qatar



President Bola Tinubu on Sunday witnessed the signing of agreements between Nigeria and Qatar in various sectors of the economy.

Chief Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, in a statement, said the signing, which held in Doha, Qatar, was also witnessed by the Emir of that country, Sheikh Tamim Al-Thani.

The agreement, according to Ngelale, will open opportunities for mutual cooperation in pivotal sectors of education, enterprise development, investment promotion, youth empowerment, mining, tourism and sports.

Tinubu assured his host of Nigeria’s preparedness to welcome investors into the country, citing the ongoing reforms that favoured innovation, return on investments and multiculturalism.

“Our greatest strength is our people. Our strength lies in the capacity of Nigerian youths.

” They have energy, talent and self-belief.
” They are quality partners for Qatari industry.

”They are educated and reliable, and they are proactively seeking to add value wherever they are.

” A few cannot give a bad name to the many. Nigerian youths are ready to be unleashed for the mutual benefit of both nations.

“We have seen clearly the rapid pace and thorough quality of Qatar’s development process. It is impossible not to be moved by what you have accomplished.

” The leadership in the country has proven its mettle, and we are here to gain deeper insight.

“There is nowhere in the world where you will find return on investment at the level of what you will see in Nigeria. A massive market of over 200 million skilled Nigerians, always industrious and ready to work.

“We face some short-term turbulence at the moment, but we have a government today that reflects the dynamism and talent of the Nigerian people.

” We are implementing the right solutions.

” This team works collaboratively with each other and our partners,” the president said.

Al Thani, on his part, said he was open to Nigeria’s investment push, recalling his journey to Nigeria in 2019 due to his belief that the country is an important and strategic ally on its own and in regional affairs.

“I have no doubt about the great capacity of the Nigerian people. Everywhere in the world, they are known for their brilliance and hard work.

” We only need to ensure that this is happening inside of Nigeria rather than outside.

”The investments we have made around the world have been very fruitful.

” This is because we take our time and study opportunities before we invest the commonwealth of our people.

“Mr. President, I am very encouraged by your actions and your passion to create new opportunities.

” We are very open to this, and follow-up is everything at this point. The will is there for both of us, but we must follow up.

”I will send a team of officials to Nigeria after Ramadan, and we will advance discussions on what some of the actionable investment opportunities are,” the Qatari leader said.

Tinubu immediately named the Coordinating Minister of the Economy and Minister of Finance, Mr Wale Edun as the team leader of the government team that would interface with Qatari authorities in investment identification and implementation.

During the bilateral deliberations, the president enabled a brief presentation to the Emir by the Minister of Solid Minerals Development, Dr Dele Alake, who spoke in details about the high-grade of several minerals, including lithium.

Alake spoke about derivable potential across the country with an emphasis on imminent opportunities for local mineral processing and value-additive industry in the sector.

The bilateral engagement was followed by a closed-door meeting between the two Heads of State before they proceeded to the signing ceremony for seven bilateral agreements across multiple sectors.

The seven agreements signed include cooperation agreement in the field of education and regulation of employment of workers with the Government of Qatar.

Also signed was the agreement on establishment of a joint business council between the Qatar Chamber of Commerce and Industry and the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture.

Agreements were also signed in the field of youths and sports, tourism and business events and a memorandum of understanding on combating illicit trade in narcotic drugs and psychotropic substances.

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Invest in education to grow knowledge Economy – Dangote advises FG



By Aminu Mohammed, Kano

President of Dangote Group, Alhaji Aliko Dangote Industries Limited has urged the Federal Government to invest hugely in education and skills acquisition so as to grow the knowledge economy.

Speaking on Friday as a Guest Lecturer at the 38th Convocation Lecture of Bayero University Kano (BUK), Dangote said for Nigeria’s Knowledge Economy to thrive, the nation must invest hugely in education and research, information and technology, innovation and entrepreneurship, human capital develoment, intellecrual property (IP) protection, industry-academia collaboration, creative industries, global connectivity.

Represented by Engr. Mansur Ahmed, Dangote  delivered a lecture entitled: “Role Of  The Private Sector In Building A Sustainable Knowledge Economy In Nigeria.”

According to him, for Nigeria to leverage and nurture a sustainable Knowledge Economy, the Federal Government must invest in education and skills development.

Dangote listed other factors that can grow Knowledge Economy in Nigera to include:  promotion of research and development; digital infrastructure development; entrepreneurship and innovation support; circular economy integration; government policies regulation.

Others include: public private partnership (PPP); environmental stewardship; digital inclusion and accessibility; communuty engagement and social impact.

He further stated that: “by adopting these recommendations, we can lay the foundation for a sustainable knowledge economy that prioritizes environmental sustainability, social inclusion, and innovation.

” The successul implementaion of these strategies requires a collaborative à effort from all stakeholders, with a shared commitment to the principles of a knowledge-driven snd sustainable future.”

Dangote, however, observed that: “A major challenge in transiting to Knowlesge Economy  for Nigeria is the quality of the Nigerian worker,”  opining that:  “The quality of human assets matters a lot in the operations of a firm.”

According to him: “Our educational system which produces most of the human assets working in various firms in Nigeria needs to be modified to yield the desires results.

” The system as presently constituted produces graduates who may have excellent qualifications but lack the necessary skills to perform optimally in a knowledge driven economy.

“We have thousands of graduates on a yearly basis, but selecting those with the required skills is often a tough task. The esucational system should incorporate findings from the research instutitions in their programmes asbwell as relevant management skills that would equip students for excellence after their studies.”

He insisted that: “Knowledge gap among workers is a major limiting factor that hinders many firms operating in Nigeria from achieving the desured results.”

Accorsing to Dangote, Nigeria’s Knowledge Economy value chain plays a crucial role in shaping its economic landscape.

In his welcome address, the Vice Chancellor of BUK, Prof. Sagir Adanu Abbas noted that in BUK, Dangote is a trademark that rings a bell, courtesy of the Dangote Business School singlehandedly built and donated to the Uinversity by Alhaji Aliko Dangote.

He added that: “Established about a decade ago, Dangote Business School has produced thousands of postgraduates.”

“Indeed, the establishment of Dangote Business School has added a lot of value to the Bayero University, Kano with the School moving on from strenght to strenght and making  a name beyond the shores of Nigeria.”

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ICEGOV2024: FG calls for submission of research papers to strengthen global leadership in digital governance



The Federal Government of Nigeria has called for the submission of research papers in lieu of the country’s participation at the 17th Edition of the International Conference on Theory and Practice of Electronic Governance (ICEGOV).

ICEGOV is an annual gathering of academia, governments, international organisations, civil society, and industry to share the latest insights and experiences in the theory and practice of Digital Governance. The United Nations University (UNU-EGOV) organises the international conference in collaboration with the United Nations Educational, Scientific and Cultural Organization (UNESCO).

The ICEGOV2024 will take place in Pretoria, South Africa from the 1st to the 4th of October 2024 at the University of Witwatersrand, Johannesburg with a main theme of “Trust and Ethical Digital Governance for the World We Want.”

The FG noted that its participation is spurred by an objective to deepen Nigeria’s position in global research in key technology areas (the top 25 percentile) as proposed in the FMCIDE strategic plan and also strengthen Nigerian research leadership in digital governance in the Global South.

ICEGOV2024 presents a great platform for Nigeria to further strengthen its evidence of digital governance position by presenting well-researched and world-class papers from academia, industry and the government.

According to a statement, Nigeria is planning to host a workshop at the ICEGOV.

“This is to further support DPI’s effective design and implementation by the Federal Government.

“Interested researchers from the wider academic networks are called to submit papers tailored to the workshop’s theme Designing and Implementing Scalable and Inclusive Digital Public Infrastructure (DPI) in African Context.

“The DPI-tailored paper should be submitted into the following tracks of the conference; Track 1: Trust and Ethical Digital Governance for the World We Want. Track 4: Digital Transformation and Innovation in the Public Sector.

“Track 7: Future-ready Digital Workforce and Infrastructure Development. Track 10: Public and Private Sector Governing Digital Economies; and Track 11: Focus on the Global South Digital Transformation Sponsorship.

“The main author of the top three selected DPI-tailored papers will be sponsored to participate in the Special Workshop.

“If your paper is accepted by ICEGOV, kindly notify NITDA by forwarding an acceptance notification by ICEGOV to on or before 12 July 2024.”

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