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Patoranking Celebrates Birthday With $500,000 Tech Scholarship Initiative

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Nigerian artist Patoranking has unveiled a generous tech scholarship program in collaboration with ALX Africa as a unique birthday gift to the public.

On May 30, 2024, he announced on Instagram that the $500,000 scholarship initiative, organized through the Patoranking Foundation and ALX Africa, will benefit 40 individuals.

The scholarship offers ALX learners a chance to acquire vital tech skills and apply them in a professional setting.

Successful applicants will have their administrative fees covered by the Patoranking Foundation and, upon completing the program, will be eligible for a paid internship with a leading tech company.

Patoranking’s foundation, established over six years ago, focuses on education, entrepreneurship, and empowerment, aiming to unlock young Africans’ potential through various educational initiatives.

The foundation actively supports over 170 primary and secondary school students in Ebonyi State, where Patoranking hails from, fostering change and empowering youth through its programs.

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Meta Hit With $220m Fine For Violating Nigeria’s Data Protection Law

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The Federal Government of Nigeria has imposed a $220 million penalty on Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, for violating the country’s data privacy laws.

The Federal Competition and Consumer Protection Commission (FCCPC) announced the fine on Friday, after conducting a thorough 38-month investigation into Meta’s data privacy practices and market behavior.

The investigation, conducted jointly with the Nigeria Data Protection Commission (NDPC), revealed extensive and ongoing violations of Nigerian laws, including the unauthorized appropriation of personal data without user consent, discriminatory practices against Nigerian users, and the abuse of Meta’s dominant market position.

The FCCPC’s final order mandates Meta to take corrective actions to comply with Nigerian laws, including ensuring users’ right to data self-determination, ceasing unauthorized data transfers, and eliminating discriminatory practices.

The penalty imposed on Meta is one of the largest in Nigeria’s history, reflecting the gravity of the company’s violations.

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We Paid N543.9 Billion Tax To Nigerian Government In 2023 – MTN

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MTN Nigeria Communication Plc. said it paid the sum of N543.9 billion in taxes and levies to the Nigerian government in 2023.

The company disclosed this in its 2023 sustainability report released over the weekend, which highlights its Environmental, Social, and Governance (ESG) practices.

 

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Nigeria To Develop Indigenous Blockchain, “Nigerium”, To Ensure Data Sovereignty

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Here are some key points about Nigeria’s development of the indigenous blockchain, “Nigerium”

The National Information Technology Development Agency (NITDA) has announced plans to develop a homegrown blockchain, dubbed “Nigerium”, to safeguard the country’s data and ensure national security.

The idea of developing Nigerium was presented by a delegation from the University of Hertfordshire Law School.

The delegation also recommended that Nigeria establish a data embassy, a server hosted in a third-party country that would provide digital continuity and protection for the country’s data.

The development of Nigerium is expected to be a collaborative effort between NITDA and relevant stakeholders, including government agencies and private sector organizations.

On May 3, 2023, the Nigerian government approved a National Blockchain Policy for Nigeria (“Policy”).

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