“The real measure is not the invoice. The real measure is actually the capability that remains in the economy after the investment is made,” he said.
Kadiri stressed some categories remain difficult to source locally at scale because of the highly technology-dependent nature of the telecommunications industry.
Category: Tech
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MTN Channels 62% Of $2.7 Trillion Spent In 2025 To Nigerian Suppliers – CFO
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Meta In Court Over Child Social Media Addiction
Opening arguments begin Tuesday in the federal trial of Meta, the social media titan accused of deliberately making Instagram and Facebook platforms addictive to children, with a coalition of states seeking $200 billion dollars in penalties. In what many experts have called social media’s “big tobacco moment,” Meta stands charged with harming children by using...
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Tinubu Signs NIMC ACT 2026 Into Law
Nigerian President Bola Tinubu has signed the 2026 National Identity Management Commission (NIMC) Act into law.The law is expected to modernise identity management, enhance national security, improve public service delivery, and deepen the nation’s digital economy. A statement by Bayo Onanuga Special Adviser to the President said the signing took place at the State House,...
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Altman Tells G7 Not To Leave Control Of AI To Developers
OpenAI chief executive Sam Altman urged world leaders at the G7 summit on Wednesday not to surrender control over artificial intelligence to the companies building it. He called on governments to set global standards for deploying the rapidly advancing technology. “Do not cede your responsibilities to AI labs like mine,” Altman told leaders and tech...
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Germany Announces Plan To Create AI Safety Agency
Germany says it plans to set up an institute for artificial intelligence safety to analyse the performance and risks of AI models. A government spokesperson after the council met said “The National Security Council has assessed the implications of advanced AI models for cybersecurity in Germany” and decided to create the institute. The government said...
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Starmer Pushes Tougher Tech Safeguards For Children
The Home Office said companies have three months to implement the measures or face penalties, with all options, including criminal sanctions, being considered. The government said the move would make the UK the first country where children would be unable to create, share or view nude images on their phones.
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NCC Promotes Digital Inclusion Through Girls ICT Programme
The NCC gave the commendation while hosting 185 contestants of the 2026 National Girls in ICT Competition on an excursion to the National Communications Museum in Abuja. Representing the Executive Vice Chairman of the Commission, Dr. Aminu Maida, Director of Research and Development, Babagana Digima, said the programme aligns with the NCC’s digital literacy drive and efforts to inspire greater participation of girls in ICT and STEM fields.
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SoftBank Pledges €75 Billion For France AI Infrastructure
Japanese technology investor SoftBank will invest 75 billion euros ($87.5 billion) in artificial intelligence infrastructure in France. SoftBank founder Masayoshi Son revealed what is one of Europe’s largest AI-related investment commitments. Speaking to French weekly La Tribune Dimanche ahead of an investment conference hosted by President Emmanuel Macron, Son said the package would represent the...
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Nvidia Annouces Annual $150 Bn Investment In Taiwan
Nvidia will increase its annual investment in Taiwan to $150 billion, up from $100 billion, as the U.S. chip giant expands its role in the global artificial intelligence supply chain, Chief Executive Jensen Huang said on Wednesday. Speaking in Taipei ahead of next week’s Computex, Huang described Taiwan as the “epicentre of the AI revolution”...
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Chip Startup Cerebras Hits $80 Bn In Value In Stock Debut
Cerebras Systems shares opened at $350 on Thursday, nearly 89% above their initial public offering price, valuing the artificial intelligence chipmaker at about $100 billion in a blockbuster market debut. The company priced its IPO at $185 per share on Wednesday, selling 30 million Class A shares to raise $5.55 billion. The offering was initially...
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