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The Vice President, Senator Kashim Shettima, is set to travel to Sweden for a two-day visit, where he will represent Nigeria in discussions aimed at strengthening bilateral relations with the Scandinavian country. The Vice President will hold important bilateral discussions with prominent government representatives during the working visit. This will include a meeting with Crown Princess Victoria of Sweden and the Swedish Prime Minister. The Vice President is anticipated to return to the country on Saturday. The Vice President is set to engage in discussions with Norrsken, a venture capital impact investor located in Stockholm. Notably, Norrsken has recently initiated Norrsken22, a technology investment fund for Africa totaling USD 205 million. Norrsken22 is a technology growth fund supported by more than 30 notable unicorn founders. We collaborate with outstanding entrepreneurs who are poised to create Africa's next leading tech companies.

IPU: Nigeria Advocates for Responsible Artificial Intelligence Usage to Protect Democratic Values - Kalu. Kalu noted that the Federal Government is making strides toward the implementation of the National Artificial Intelligence Policy Framework. In an effort to leverage the capabilities of Artificial Intelligence (AI) while safeguarding democratic principles, the Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Okezie Kalu, has stated that Nigeria is actively implementing strategies to ensure the responsible application of this technology. On Monday, the Deputy Speaker revealed information while speaking to an array of international delegates during the ongoing 149th General Debate of the Inter-Parliamentary Union (IPU). The theme of this year’s debate is "Harnessing Science, Technology, and Innovation (STI) for a More Peaceful and Sustainable Future," taking place in Geneva, Switzerland. He said: "Our legislative and executive actions clearly reflect Nigeria's commitment to harnessing STI. In 2022, Nigeria’s parliament passed the Nigeria Startup Act, a landmark legislation aimed at engineering a conducive environment for technology and innovation startups. The Act provides a legal framework that supports innovation, entrepreneurship, and digital transformation in our country, helping STI startups to thrive. This law also emphasizes public-private partnerships, knowledge transfer, and incentives for investments in emerging technologies. "Building on this momentum, under the leadership of His Excellency, President Bola Ahmed Tinubu, Nigeria is now working towards the adoption of a National Artificial Intelligence (AI) Policy Framework. Led by our Minister of Communications, Innovation, and Digital Economy, this policy will pave the way for the ethical use of AI in addressing key challenges, from automating agricultural processes to enhancing healthcare delivery. "We envision a future where AI optimizes wage employment, rather than undermine it, ensuring that automation leads to job creation rather than destruction. "As digital transformation accelerates, the rise of AI brings both opportunities and challenges. In Nigeria, AI is emerging as a powerful tool in sectors such as governance, financial services, and public administration. Yet, as with any technological leap, we must be mindful of the risks. "Artificial Intelligence, while enhancing efficiency, raises concerns about data protection, misinformation, and job displacement. The integrity of universal electoral processes is a global imperative and recent developments in Artificial Intelligence are posing threats to this, especially the spread of disinformation and cyber vulnerabilities in election systems. "Irrespective of this, Nigeria continues to support international efforts to develop inclusive, transparent, and ethical AI frameworks that protect human rights and democratic values. "We call for AI’s responsible use to safeguard the integrity of democratic processes, particularly against threats such as deepfakes and the spread of disinformation".

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SMEDAN set to host 2024 National MSME Conference The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced the 2024 edition of the National MSME Conference, themed “GROW NIGERIAN: Sustaining an Innovation and Digital-Driven Economy.” The event, the nation’s leading annual development conference, will be opened by the President, His Excellency President Bola Ahmed Tinubu GCFR. It will take place from October 3rd to 5th, 2024, at the Banquet Hall, Presidential Villa, Abuja, with support from the German International Agency (GIZ) and Mastercard. Mr. Charles Odii, Director-General/CEO of SMEDAN, described the event as the most significant convergence of entrepreneurs, policymakers, enablers, public-private sector stakeholders, and supporting institutions in Nigeria’s SME ecosystem. The conference will focus on driving development in the MSME sector within the eight key sectors identified in the GROW Nigerian strategy introduced by Director-General Charles Odii to strengthen Nigeria’s local production potential and raise export revenue. This will be achieved through the provision of Guidance, Opportunities, Resources, and Workforce Support to SMEs by SMEDAN. The sectors include agriculture, light manufacturing, fashion, creative and entertainment, digital and innovation, tourism, and education. Nigeria’s most successful entrepreneurs and renowned experts have confirmed their attendance at the event. They include Tony Elumelu, Chairman of Heirs Holdings; Hakeem Belo-Osagie, Chairman of Metis Capital Partners; and Jonathan Ortmans, Founder and President of the Global Entrepreneurship Network (GEN). A key highlight of the event is the planned premiere of the second season of the popular drama series The Smart Money Woman by Arese Ugwu, who will attend the conference with co-stars such as Timini Egbuson and Osas Ighodaro. The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced the 2024 edition of the National MSME Conference, themed “GROW NIGERIAN: Sustaining an Innovation and Digital-Driven Economy.” The event, the nation’s leading annual development conference, will be opened by the President, His Excellency President Bola Ahmed Tinubu GCFR. It will take place from October 3rd to 5th, 2024, at the Banquet Hall, Presidential Villa, Abuja, with support from the German International Agency (GIZ) and Mastercard. Mr. Charles Odii, Director-General/CEO of SMEDAN, described the event as the most significant convergence of entrepreneurs, policymakers, enablers, public-private sector stakeholders, and supporting institutions in Nigeria’s SME ecosystem. The conference will focus on driving development in the MSME sector within the eight key sectors identified in the GROW Nigerian strategy introduced by Director-General Charles Odii to strengthen Nigeria’s local production potential and raise export revenue. This will be achieved through the provision of Guidance, Opportunities, Resources, and Workforce Support to SMEs by SMEDAN. The sectors include agriculture, light manufacturing, fashion, creative and entertainment, digital and innovation, tourism, and education. Conference activities will include one-stop shops featuring heads of government agencies and financial and compliance organizations, such as NAFDAC, CAC, SON, Nigeria Customs, BOI, NEXIM, NEPC, NIPC, FIRS, and more. There will also be an exhibition showcasing innovative products and services from SMEs across the country. Participating businesses will receive expert advice and guidance at a Business Clinic, interacting with agencies and institutions to address structural issues and challenges. Prominent thought leaders, including Chude Jideonwo, the Co-founder of Red Media and Joy Inc., will lead masterclasses focused on digital skills development, accessing finance, business scaling, and leveraging trade agreements such as AGOA and AfCFTA. Additional activities will include a deals room where scalable businesses will obtain investments from venture capital firms; a pitch competition for entrepreneurs to showcase their ideas and receive funding; and networking events to facilitate connections and partnerships. The conference will conclude with an award ceremony led by the Vice President, His Excellency Senator Kashim Shettima, on the final day. Government actors from across the six regions will be recognized for their contributions to SME development through reforms, financial investments, targeted infrastructure, and other developmental contributions. Interested participants can register to attend the event at https://www.smedan.gov.ng/msmeconference.

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