Young innovators advocate digital revenue systems


The Young Innovators of Nigeria (YIN) has emphasised the potential of innovative technology in enhancing national revenue generation systems, curbing oil theft, and improving cybersecurity.

YIN’s Chief Executive Officer, Mr Andrew Abu, made this statement in an interview with the News Agency of Nigeria (NAN) in Abuja, highlighting activities marking the organisation’s 10-year anniversary.

Abu said the anniversary, scheduled for 16-17 October, would coincide with the second edition of YIN’s Technology Ecosystem Dialogue Series (TEDS).

According to Abu, the event aims to bring together stakeholders from industry, academia, and public institutions to explore ways to advance Nigeria’s digital landscape and foster future innovations.

‘This event aligns with national priorities and global best practices, integrating innovative technological solutions into Nigeria’s revenue management framework to promote sustainable economic development, fiscal governance, and stability.

‘TEDS 2024 will focus on incorporating
innovative technologies into Nigeria’s revenue systems, addressing digital transformation in revenue collection, combating oil theft, and enhancing cybersecurity.’

He said other anniversary activities include a hackathon, the Heroes of the Tech Republics award, and recognition of individuals from public service, innovators, and investors who have contributed to Nigeria’s IT ecosystem growth.

According to him, Gov. Siminalayi Fubara of Rivers State will be honoured for digitising the state’s civil service, investing in digital literacy, and ICT certifications for staff, resulting in increased Internally Generated Revenue (IGR) and enhanced e-governance.

He said other awardees include Dr Bosun Tijani, Minister for Communications Innovation and Digital Economy, and Dr Olatunji Vincent, National Commissioner, Nigeria Data Protection Commission.

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Abu encouraged innovators to participate in the hackathon, developing solutions for clean energy an
d climate change, with a submission deadline of 30 September.

‘The best three products from the hackathon will be showcased at TEDS, where industry partners can select products for funding or sponsorship/co-ownership.’

‘Interested innovators can apply via https://yinigeria.com.ng/hackathon/.

‘YIN will also unveil Tech Republic, a comprehensive book documenting Nigeria’s technological advancements over the past decade, providing a roadmap for the future of tech in Nigeria and Africa.

‘Topics to be discussed at the event include Digital Transformation in Revenue Collection, Data Analytics and Revenue Leakages, and Leveraging Technology to Combat Oil Theft.

‘The programme is being hosted in collaboration with the Network of Incubators and Innovators in Nigeria, under the theme ‘Securing Nigeria’s Revenue Streams: The Power of Technology’.

Source: News Agency of Nigeria