#Dr Kenny Odugbemi

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Managed Network Services Market Worth $89.9 Billion By 2028

Managed Network Services Market Worth $89.9 Billion By 2028. Image by Research Nester Managed Network Services Market Worth $89.9 Billion By 2028 By Dr Kenny Odugbemi In today’s fast-evolving business landscape, the adoption of Managed Network Services (MNS) stands as a strategic imperative for organizations aiming to achieve operational efficiency, cost-effectiveness, and cybersecurity…

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Trends Towards Maintaining Price Stability

Trends Towards Maintaining Price Stability Trends Towards Maintaining Price Stability By Dr Kenny Odugbemi Depreciation of Naira necessitates banks to hold excess long foreign currencyCBN has now address Net position of the limit on foreign currency assets and liabilities by setting NoP limit at the maximum amount for single and total exposure for all classes of assetsHence banks that hold…

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X-Ray of PBAT Administration (Activity Based)

X-Ray of PBAT Administration (Activity Based) X-Ray of PBAT Administration (Activity Based) By Kenny Odugbemi We are made to belief and come to terms with this fact that there is total deregulation of petroleum products,from grapevine, current administration still currently spend N1trn monthly on petroleum subsidy,this is evidently supported by the fact that PMS in Nigeria is still most…

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Managing Cash Liquidity & Facilitating Real Sector Growth

Managing Cash Liquidity & Facilitating Real Sector Growth Managing Cash Liquidity & Facilitating Real Sector Growth By Dr Kenny Odugbemi Nigeria external reserve saving recorded a 2.83% yearly rise due to increase info from foreign Capital remmitances, according to CBN,our foreign reserve rose from $33.17bn to $34.11bn *Monetary policy tightening has led to low liquidity with adverse effects…

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Nigeria-Foreign Loan Dependency Syndrome

Nigeria-Foreign Loan Dependency Syndrome Nigeria-Foreign Loan Dependency Syndrome By Dr Kenny Odugbemi Back ground knowledge of financial wrecklessness Nigeria has experienced 70% money growth moving from N53trn to over N93trnWe gathered recently that some high ranking Senator got Constituency project to the tune of N500m, where we have debt/revenue range of over 52% this calls for effective…

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Road To Improving Multidimensional Poverty

Road To Improving Multidimensional Poverty Road To Improving Multidimensional Poverty By Dr Kenny Odugbemi Nigeria is the poverty capital of the world where we have 80% of the people residing requiring all hands on deck. NBS confirmed 133m Nigerian living in multidimensional poverty where 90m live under extreme poverty base of $2.15: income per person Fy 2050 ambitious and predictive growth…

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Road Path To Economic Recovery

Road Path To Economic Recovery By Dr Kenny Odugbemi Nigeria is currently using debt to weather the financial crisis, but there exists rising global interest and the absence of a well structured and functional framework for comprehensive debt reduction and relief, this is threatening access to international financial markets and deglobalization is now limiting the use of international trade to…

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Revenue Challenges Across All Sectors

Revenue Challenges Across All Sectors Revenue Challenges Across All Sectors By Dr Kenny Odugbemi Oil revenue cannot grow our GDP, it is just a working capital considered as lubricant for import dependency,despite the fact that, we are not paying any subsidy, we can not see any dollar savings hence we are still under recovery mode Cost of revenue collection by agenciesNigeria Custom…

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Nigeria is the Best Country Ever

Nigeria is the Best Country Ever because it is a country with territory land that lies aheàd. The nation is an association of people cohesively united, not minding their ethnicity, religion and language with common vision and goals with a desire to form amalgamation. A nation with no common shared values. Nigeria on the West African Map Nigeria is the Best Country Ever by Dr Kenny…

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Nigeria Decide (Choice & Consequences)

Nigeria Decide (Choice & Consequences) Nigeria Decide (Choice & Consequences) By Dr Kenny Odugbemi The choices we make today have consequences for our tomorrow, but there will be no choice in aggregate of the consequences of choices we have made in the past and still making with residual impact on viral effect on our today’s activities The choices and consequences we have made over the last…

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Nigeria is the Best Country Ever

Nigeria is the Best Country Ever because it is a country with territory land that lies aheàd. The nation is an association of people cohesively united, not minding their ethnicity, religion and language with common vision and goals with a desire to form amalgamation. A nation with no common shared values.

Nigeria on the West African Map

Nigeria is the Best Country Ever by Dr Kenny Odugbemi

Nigeria is not a country, and we do not have true democracy and common shared values just like the USA- where there are shared values such as life, liberty, pursuit of happiness and where the Constitution through established institution had transferred power, and sovereignty to the State Nigeria is like a state where at the state level, nations are held together under gun point, hence any attempt to declare themselves empowered will be held down with treasonable felony typical of MKO Abiola and Nnamdi Kaduna. Nigeria is like a state under forced nationhood, not the will to cohabit. It has been running under forced nationhood for 64 years with forced regional amagalmation, hence there is a need to review our terms of engagement As aforementioned, we now have protest inform of secession and separative group. Condition assessment We do not have devolution of power due to over concentration at the centre. We are yet to build a country of shared value. Our 1999 Constitution, which is widely disregarded, has given power to the state, leaving people in delusion under bondage of fear of guns, held under perpetual captivity at all times. This has over the years given rise to the following: ✓IPoB- led by Kanu: Seccession - Marginalization ✓Yoruba Nation: Igboho - Separationist ✓Arewa consultative forum: Terrorism, Boko Haram and Kidnappers for ransom ✓Farmer: Header (Fulani) clash This presupposes the deceit of calling Nigeria a Country My suggestion Nigerian leaders in quantum are driven by consumerism, where they crave more at the expense of others without patience and contentment that can guarantee peace and fulfilment. We all need patience and contentment as Nigerians, these terms are interwoven and adjuctively connected to overcome our protracted challenges of inequality, fairness and justice. Solutions to our Challenges Harnessing peace and contentment will enable us to overcome our challenges and obstacles, if we can be calm, persevere and endure for a while. We surely as a matter of urgency need to build a strong bridge of good relationships cutting through all regions with no emphasy on ethnic and religious bigotry, appreciating our cultural diversity and through determination, resilience, agility, we will achieve more if we build what we can regard as a Country Conclusion We need to institute a forum to kick-start our restructuring mode to transform Nigeria as a nation, where there is true democracy, separation and devolution of power. We need restructuring and resources control, where there is a good measure of devolution of power to the state where people are empowered to contribute their own quota to the development of our country and work in progress mode to become a country called Nigeria. (Written by Kenny Odugbemi and edited by Ojo Lasisi) Read the full article

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Nigeria's Worsening Security Situation

Nigeria's Worsening Security Situation

Nigeria's Worsening Security Situation by Dr Kenny Odugbemi

The Multidimensional poverty ravaging 133m of Nigeria citizenship manifesting in form of hunger, anger, oppression have now metamorphosed into terrorism from instance of Boko Haram, kidnapping, killing and many held hostage whilst collecting heavy ransom, from credible intelligence the kidnappers use cellphone with NIN, and letter of attack to forward the community before the real attack, yet they still sustain thier operation, because of internal conniviance of miscreant s across various communities, make the terrorist more audacious in thier demand leveraging on thier own local intelligence sponsored by faceless cabals who remain undercover, yet we have National intelligence and State intelligence managed by diverse ethnic groups wrongly posted with good knowledge of environment, culture and language of host communities SM Morgan intelligence- African focused research group has reported that more than 3,620 Nigerians were kidnapped for ransom from July 2023 till date SM intelligence stated Nigerian has paid more N302m, the kidnappers at present demanding for N100m from a victim calling on their daughter to show serious ness as the victim's father struggles to pay ransom. Typical question Why is NIN not effective in tracking kidnappers demand Why is the security interface and intelligence not respond at nick of time to deactivate this nuisance? Why are we not tracking the kidnappers Why does the security interface not collaborate with Air force if their is a collaboration to aid the rescue mission Critical gaps Non-critical of Security audit by third parties other than the existing security interface who tend to cover their gaps and inadequacies State Police formation frustrated by Governors, with complaint of paucity of funds to give room for continuous impunity for looting in form of security vote Kidnappers, terrorists communicate thier demand, no tracker to monitor the movement vin hilly mountain that are not motorable, so why not use the same drone bomb that kills people in spurious ways? Police formation not well tooled to go after terrorist and kidnappers Over reliance on Army Forms,not well remunerated,poor welfare structure, and low fire power Investigation team and state intelligence are overwhelmed Police formation who are insufficient with poor welfare,lack of sophisticated new AK 47 weaponry comparable to attackers in all form do not have well trained, hence police officer and Military died helplessly during combat operation Military formation suffers internal attrition, is simply overwhelmed, under resource and under trained Delay in Military attention due to incoherent Security intelligence network, because of lack of clarity, Military tends to exhibit restraints Army formation were wrong use, for civil intervention instead of maintaining external aggression as the Military are trained to kill, not to be killed in urban confrontation Recruitment is carried out without consideration for a clear understanding of culture, language that is why there is no accountability Undue interference, when terrorist are captured and later released as claimed by the Chief of Defence, this is highly frustrating and keeping moral level at extremely low levels, not minding resources to train soldiers who often die regularly at every combat operation. Conclusion Civilians suffer the highest mortality of kidnapping-75% of death in kidnap cases were civilians,out of 570 death were civilians,122 kidnappers and 19; Secure agent Unrecorded deaths of Army officers in every combat It is time for present administration to stop politicking and politicizing issues of Security It is time to restructure the security armforces to facilitate emergence of State police formation separated from Federal security formation Read the full article

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Nigeria's Trending Economic Woes

Nigeria's Trending Economic Woes

Nigeria Trending Economic Woes by Dr. Kenny Odugbemi

Nigeria economic woe is now heavily frightening to the extent that, concerned patrotic financial expert, versatile economist without bias, prejudice to religious, political, ethnic sentiment but with clear understanding of the implementation of our domestic economic policies narratives ought to be having shaky confidence in the heads of Monetary and fiscal agencies, who are now so weakened rather struggling in thier effort to redirect Nigeria economy on the right path. *MDA's of finance and budget concerns include Category -1-Monetary ✓Federal Ministry of Finance ✓Federal Ministry of Finance ✓Central bank ✓Federal inland Revenue service Category 2-Fiscal ✓Federal Ministry of ✓Budget planning ✓Budget office of the Federation ✓Debt Management office ✓Trending alerts-signals **Nigeria is bleeding profusely from all sides of it's body politics ✓Trending alert signals includes but not limited to the following *Poor management of complex linkages between Revenue expenditures and other economic variables such as fiscal deficit and finance mechanisms through Banking and non Banking system *There is a residual and depreciating impact on the values, our local stocks ✓Structure and trend of public debt *The basis behind securitization of our accumulated ways and means ✓Ways and means @N30.73trn ✓Total public debt @ N97.7trn ✓Exchange rate pegged at $:N800 ✓Fy 2024 budget @N28.7trn *Accumulated loans are being used to finance consumption *Our Debt Management strategy incapacitating and exposing our inevitability of our repayment infidelity *Deficit arising from Fy 2023&2024 supplementary budget with average increase of 70.68% being used to finance our borrowing *There is deliberate attempt by this administration to increase our economic frontier through diverse diversification which give rise to other emerging MDA's such as *Marine and Blue Oceans *Steel development *Creative and arts *Tourism *Environments and ecology- climate change impact These MDA's were well anticipated to generate additional revenue streams, but we are yet to see in clear terms the proof of concept considering the following ✓Why- thiers emergence as a functional entity ✓What-are they precisely contributing in the short, medium and long term? ✓When-time bound of their Revenue contribution ✓ How -are going to contribute to their revenue quota ✓These are audacious intentions but remain repulsive and reactivated as of now, we have not been able to block financial leakages and wrecklessness in existing MDA's inherited from clueless PMB administrations that plunge Nigeria into deep economic woes ✓Critical and cogent issues of prime importance ✓Looting are gradually becoming unguarded." ✓Promissory of prosperity is a rhetorical without foundation ✓ Presently despite allocation of 12% of Fy budget for Security, changing of Security Service Chiefs and IGP,hundreds of people were freely massacred in Plateau, Taraba, Kaduna and our Military command are giving flimpsy excuses despite 37 escalation of not being able to access this dispersed villages through bad roads,but can innocently kill 87 people with hundre injured in Bini village in Kaduna with drone bombs, ✓How can we attract FDI's from the globe, *if we have this bad story of with following gaps ✓porous security management, ✓no guarantee social welfare structure, ✓watton looting across MDA's, ✓strange bed fellow relationship between three tiers of government, Executives, Legistlatures and Judiciary ✓ increase numbers of multidimensionally poor people, whose intervention mechanisms has now being truncated ✓ low purchasing power of the people ✓ Multinationals divesting one after the other throwing many into job Market ✓ unstructured private led inniatives with minimal financial support, grant, Over (70-80)% Small.scale enterprises are in moribund states, insolvent and performing below expectations, Out of 48,000 the manufacturer's government only pledged to support 75nos only with N1b which will be treated as monthly expense cost on diesel whose price galloping without control, how can they function well to create jobs for over 43% of unemployed youth in Nigeria another, Social investment infrastructure in futility ✓My critical reviews *N97.7trn- Nigeria public debt has not created any meaningful economic opportunities *The Welfare intervention has now been truncated denying substantial economic opportunities that can guarantee job creation *There is no significant investment of the accumulated loans on Infrastructure and capital goods yet still waiting for fy2024 budget implementation as it relates to capital expenditures @35% of the entire budget *The failed promised of PH refinery working after capital expenditure of $1.5bn on near end of life 60 years fully cannibalized, now at Mechanical testing, even at full production will be handed to private investor with premium expectation of recouping amount invested, how can PMS come down, even with Dangote and other Modular refineries, including Warri and Kaduna, oil will still be sold at international price,but availability will be guaranteed *Securitization against the future earnings of crude oil, dividend of gas supply is still elusive for example Afriexim loan at $3b,now moved up to $3.3b because of imaginary new introduce broker UBA and other banks claiming 2% charge as additional charges *Why can we now patronize IMF that is safe enough,but will only give conditionality *We have upsurge in broad money supply due to a jump in public debt *We have scandalous overdrafts which are unbudgeted across expense schedule of expenditure across local Banks *Ways and means of over N30trn is not backed by assets, goods and services but mainly floating papers *Why are we borrowing,inview of outstanding N33trn under investigation by Mr Obaze foreign investigator, who declared he had recovered N12trn, *EFCC and Minister of Justice are all investigating present and past looting with impunity across all sectors, we should expidite action with transparency Conclusion *The head of Monetary and fiscal authorities are protege of political rewardees, where lies their loyalty as he who appointed and pays will continue to dictate to citizenship of Nigeria walloping in deep and abject poverty, there is need for more vigilance by patriotic citizens,Human right lawyers, and Civil Society in oversight function on our economy that can slip at any time into oblivion *CBN must achieve their price stability target, eradicate multiple exchange rate schemes CBN to ensure payment of trapped fund of foreigners for example 10% of loan owned by foreign airlines, have just been paid for and have threatened to shut down indefinitely "The public at large will require more probity, accountability of Nation finance expenditures and recovery of looting *Nigeria is bleeding profusely,this administration must block all loop holes and impose maximum sanction on looters without any bias,and discrimination, *We presently are not stimulating any economic growth and rather productivity is gradually decreasing being too much import dependence, hence there need of imposing by government state of emergency on the aforementioned, as if today inflation is 28.92%, *We are still experiencing Naira scarcity, where as still have N2.7trn in circulation calling for government to improve in financial inclusion from 64% to 95% and finally let us stop the deceit of public prosperity when it is obvious lines are not fallen in pleasant places Read the full article

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Managing Nigeria-MDA's

Managing Nigeria-MDA's

Managing Nigeria-MDA's by Dr Kenny Odugbemi

Public sector drive- formulation , implementation, monitoring government policies across different sectors of our government network to create enabling environment for business and regulatory conduct across all sectors Private sector actualize the purpose and goals with resilience, flexibility, agility and adaptability across sectors and through thier respective stakeholders including providing high youth and midlife employment values at all time Nigeria economy is going through failing to failed state,in this present administration not being able to provide the following ✓broad based security protection across 6 geopolitical region including Abuja as our headquarters ✓comprehensive social welfare structure through different social intervention strategies especially for vulnerables cutting all facets of our demographic structure Nigeria is blessed with natural mineral resources, abundant oil deposits, and versatile,skillful Workforce across all sectors Over the years ,we were made to belief that we have bad leaders ,who are looters and usurper of good opportunities for themselves, family and political cronies, Now we are witnessing toxic followerships using derogrative words against political leaders,who are percieved to extremely corrupt, Citizenship are now highly violent in nature,with unruly behavior with litany of insanity where we have Nigerian with psychiatric cases now in range of over 60m as reflected in 100% patronage at Yaba psychiatric till date This surely will have residual impact on type of leadership from such a pathetic environment and uncultured society that is why we have poor, porous governance structure that encourages looting across three tiers of government *Federal *States *Local government including *Community *Township *Village Action learning philosophy maintain that good citizenship produce credible leadership with good governance structure Nigeria has being through poor governance structure till date Characterized with ethnic bigotry,and financial wrecklessness at levels looting our common patrimony with impunity because we do not have strong and punitive consequence action that is commensurate with corresponding looting taking advantage of weak antigraft institutional structure and very corrupt judicial system It is generally percieved, civil service structure supporting the executive governance is so corrupt to the extent that nothing can be a achieved without paying bribed through thick and thin Edu-gate of Humanitarian disaster and poverty alleviation is a typical example typical character disaster with impunity of unregulated looting through frivolous instructions of paying personal account of program officer nearly N600m to intervene across four states this shows that good academic certificates does not guarantee strong capacity, competence of character with good moral code to lead such a crucial MDA in charge with social intervention to mitigate against fuel subsidy as palliative to most vulnerables poorest of the poor among 130m multidimensionally poor people in Nigeria Gap analysis Induction and Retreat program was held much after the appointment of Ministers across different MDA's to sensitize cabinet members in line with policies and guidelines There is lack of understanding and perception of character principle across all our MDA's and thier stakeholders affecting the principle of equity,justice and fairness in the distribution and proportional sharing of pallatives devoid of existing convulsing bureaucratic structure across our existing MDA's PBAT has left government over 16years as Governor in Lagos,now a strong political leader,now ultimately depend on close associates,he had developed through rank and file Youth Minister are immatured,arrogant against Public servants who had being in service for over 35years as they will be left at mercy of thier greed and premature understanding of the policy guidelines as it relates to expenditure frame work We now wonder the level of urgency bypassing protocols to instruct payment into personal account of Staff sum close to N600m running contrary to guidelines of having sum of 3times thier salary structure It is also on record that the unsual a conniviance between account officer, program officer and Minister in charge Way forward Smoothen accountability about management of pallatives social intervention across different states to coushioning the effect of fuel subsidy removal The reinforced need for intervention at scheduled regular interval by bureau of public procurement guidelines The incumbent are expected to always liase with fulcrum of Secretary to Federal government avoid bypassing this office before it get to the attention of President Conclusion There is need to reawake the principle of character principle Re-enacting sanctions against violating code of conduct,process, procedure and best practices There is need to encourage robust respectful relationship between youthful Minister and other very experienced public servants of over 35years There must be compliance at all time with regular oversight of appropriate institutions There is the need to probe all the MDA's to enable stream line uniqueness in area of bureaucratic default to corruptly enrich themselves Read the full article

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PBAT- Administration - Litmus Test

PBAT- Administration - Litmus Test

PBAT - Administration - Litmus Test by Dr Kenny Odugbemi

Nigerians in a hundred and thirty multidimensionally poor people are still wallowing in abject poverty despite changes in Administration Nigeria has been a product of cluelessness and incompetent administration of over 8years now dragging Nigeria from a failing state gradually, moving to a Failed state Review of PBAT administration audacious policies considered Germaine and commended Worldwide Deteriorating insecurity following huge increase incident of kidnapping in Abuja -55 kidnapped in Federal headquarters growing incidents have led to intense protests Killings in Northcentral Plateau,Taraba,Kaduna etc running into hundreds of people Abuja is now having worsening situation Along Cameroun border, terrorist is at peak with Adamawa, Borno, Venue, Cross river and Akwaibom, now seeking wider collaboration with heavy incidences in North east and Northwest where banditry worsened by clear cross border communities.. Commissioning of near end PH refinery at $1.5b remain elusive not meeting target of December till date it is not mere mechanical vibration with hope of commissioning a future going concerns Looting with impunity, leading to cancellation of all Social welfare structure Delayed student loans meant to come to fruition now elusive -WIP Pledging the future earnings of Natural resources to collect loan,has reman not too sound with reference to declaration of Dr Akinwunmi's AFDB due to other hidden strigent conditions Foreign airline owner threatening to leave as they have only got 10% of $760m trapped in Nigeria Afriexim loan jacked up to $3.3b instead of $3b with new entrant of brokers UBA and other Banks, jettisoning IMF that only set out conditionalities of fuel price increase and forex stability Unification of exchange rate with multilevel rate of exchange, we do not have price stability Looting of funds meant to sort out palliative by Minister and National Coordinator CNG Reconversion is not making a significant impact much less than 1m vehicles,whilst executives and Legislatures are not abiding with this measure, only private and passenger buses for the poor across the state were used as proof of concept Reflection from last administration PMB for over 8years incurred total debt of N77trn PBAT- Administration between May 29thvof 2023 and January 2024 have accumulated further to N97.7trn securitizing further N7.3trn of way and mean pushing it to N30.3trn thus include N23trn , promise kept by PBAT of accepting asset and liability . Characteristics of PBAT inheritance from PMB Financial recklessness Lack of effective monitoring and supervision MDA and Security Chiefs operating in Silos, facilitating increasing budgetary allocation to the Military, but experiencing more attack of terrorist even as fire power increase killings, kidnapping increases geometrically, what a paradox Capital budget execution of 27% with recurrent expenditure above threshold due to mismanagement of methods and means Poor budgetary allocation without concept and foundation, not alignment with present condition assessment giving room for bogus and inconsistent budgetary items with non-alignment with reasonable pricing schedules Economy driven by religious and ethnic sentiment Super Ministers appointment a glorified, not fully recognized now destabilize in second term,Fashola&Ameachi unbundled for mere political reasons only to give room for looting in power and aviation Ministries department and agencies Non-functional anti-graft agencies strongly politicized by politriking What is the difference between PBAT and PMB very insignificant with worse signals Bloated structure More political rewardees in government with no capacity, competence and character with low moral values Current situation with PBAT Gravitation toward one party with weak opposition of PDP the rest parties almost non-existent The looting of the next head of humanitarian disaster and poverty alleviation National Coordinator N44b Last Minister N33bn Current Minister almost N600m award of spurious head counter for 11days to the tune almost N500m to organization owned through share by Minister of interior who was indicted as Chairman of NDDC House of representatives of over $20b looting despite last year country wide forensic investigation till date no fruitful outcome ,yet nominated and considered as Minister not matured in organizational of MDA only Nigeria passport issuance creative nuisance through Media just like inglorious Minister looting with impunity Conclusion PBAT - Administration must defend its mandate What happened in Humanitarian disaster and poverty is true happening across all MDA's, this occurrence came alive because Minister trying to run out with the National Coordinator, because of change of her signatory, she has now diverted billions to her own personal account which is why Dr Beta Edu escalated to antigraft agency and the National Coordinator released dosier on her as reactionary force All MDA'S must be throughly investigation Defaulters must have full sanction as precedence to curb further impunity Read the full article

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Adoption of Technology Tools to Enhance National Development

Adoption of Technology Tools to Enhance National Development

Adoption of Technology Tools to Enhance National Development by Dr. Kenny Odugbemi

Technology plays a fundamental role in ✓wealth creation, ✓improvement of quality of life and well being of the people ✓real economic growth, transformation of any society ✓implementation of robust surveillance and intelligence networks to reduce to the nearest minimum issues of kidnapping, destruction of life and property ✓reduce financial recklessness by blocking obvious holes Technology processes allow efficient production of more goods and services Technology transfer provide developing economy like Nigeria with access to cutting edge knowledge, R&D and expertise from around the world Technology platform plays a crucial part in the development of Smart+community+cities+ State +Nigeria leveraging on the advancement and potential of Artificial intelligence, Robotic, Block chain technology Technology tools Artificial intelligence Robotic Blockchain Big data IOT 5G connectivity Social media Artificial intelligence (AI) Artificial intelligence is a major force in the technology landscape as this tool continue to evolve opening up possibilities for indivisible, group, Corporate and National development. Type of AI ✓Reactive machine- this only reacts to their environment ✓Limited memory-this remember and use past experiences to inform future decision making process ✓Theory of mind-this guarantee the understanding of human emotions and intentions which facilitate processing of information autonomously. ✓Robotics - this deals with the design and construction of robots, especially for Kinetic operations ✓Natural language processing teaches computer human knowledge through voice recognition to machine translation and finally to text analysis Big Data analysis Preventive Predictive Prescriptive Type ✓Structure data These are in tabular form like *spread sheet *Data bases Unstructured data+ *Media and *entertainment data, *surveillance data, *geospatial data *weather data ✓Document collection *-invoices, *records, *emails ✓Semi structured data These include: *XML files, *Jason objectives with classified feature link *internal semantics tags *meta data *Markings Block chain technology The implementation of this technology will reduce cost and improve effectiveness and efficiency in the following Budgeting Capital expenditures Recurrent expenditure Financial modeling Blockchain technology uses consensus algorithms to track band reconcile transaction This service is an anti-corruption tool that has the following features Immutability Transparency Decentralization Implementation with increased trust and accountability Application principles The peer-peer system stores and shares a digital ledger of data using cryptographs to ensure confidentiality, integrity whilst reducing probability of compromise at great cost Development phase Create a block - transactions are transmitted into a distributed network of nodes, there is a node for every transaction with alignment and compliance to consensus Link blocks- this store a certain amount of data once it is filled New block is generated to link with the previous block through codes call "Hash" Add to chain - transactions are blocked in a fixed fashion to use backward integration through subroutine programs to confirm blocks to perform the following tasks *add validity *Security *prevention of fraudulent behaviors 5G Connectivity This provides an infrastructure path for communication NCC confirmed that there are 500,000 subscriptions for about (0.83-2% this depends on the location for a population of over 200million people It is projected that there will be penetration of 226m by 2030 ✓Sensor data from IOT Machine learning - this ensures machine learning from data without explicit programming to mimic human behavioral patterns Features, benefits and advantages ✓Resource management Resource allocation can be optimized through AI automation, sequencing and convergence ✓Risk management AI-powered risk management analyses vast data set, fortify organization against potential vulnerability, scalability and predictive analytics in response to cyber attacks It also provides opportunity intelligence through geospatial mapping in the celestial realm to monitor through cameras, monitor eagle eyes" threats, collect data and processes and launch massive weaponizations of massive destruction with precision to prevent offensive attack of terrorist on the terrestrial before they strike. AI automation allows cyber security teams to focus on strategic initiatives for continuous monitoring and adaptive security measures Opportunity for local investors &attraction of FDI's ( proposed estimate $650M) Nigeria will require the support of development partners and global financial institution to secure loan estimate of $650million investment of telecoms and digital innovations to cover infrastructural happiness for served and underserved among over 200million people in Nigeria Potential opportunities for local investors The federal government's plan is to produce through qualitative training, development, coaching and mentoring 3M Digital Tech-preneurs in Nigeria within 3years-2024-2027, 1.5m digital experts will be retained to augment for 52% professional already in diaspora and 1.5m digital experts will be exported to earn foreign exchange. Social Media platform The government must formulate policies that can guarantee the following positive objectives Avoid negatively Manage sensitivity of information with appropriate sanctions as the case may be Maintain integrity of information Establish guidelines for real-time reliability The need to established strict term and conditions for professionals with intentions to move into Japa trajectory Legislative work to produce blue print policies for Diaspora as it relates to the following Remittance policy to revolutionize our economy With the view to redirect over $20bn every year to the following Infrastructure investment with high yield Capital Stock Market Buffet up forex market Note Outline CBN policies bro Incentivise the aforementioned as sacrosanct to beat their current gains in the parallels market Conclusion There is need for effective collaboration between all stakeholders band federal government to achieve our desired objectives of using technology to lift million out of poverty through investment opportunities for good yield, provision of sound employment opportunities for the youth, managing effectively and efficiently all aspect of our National economy by blocking current looting with impunity to sanitize our National economic eco system ,this is return will guarantee prosperity for all Read the full article