Connect with us

GRTech

Opay: Are Nigerians Really Helping Startups to Grow or Killing them?

Published

on

When business owners say it is difficult to operate in Nigeria many people do not understand especially those who do not own any business. It always looks rosy from the outside but when you pay close attention to these startups operating in Nigeria you realize that they are just there struggling. 

Even some actions portrayed by the government seem hypocritical and usually go the opposite direction. For a government to ensure that businesses become more sustainable within its environs, then, it must think beyond just signing several MoUs with investors and sending representatives during launch.

It’s about developing the right policies to ensure that businesses operate peacefully while making it easy for them to scale and sustain. It is about lowering taxes and eliminating unnecessary levies. 

In Lagos State, the biggest problem is traffic which appears to be an insurmountable task. It does not matter if there are policies in place to mitigate the ever-rising surge. The reality remains that to date, residents have continued to have been affected by the problem. 

And I find it ludicrous for someone to think that bikes operating in the state is the major reason for the gridlock. Shying away from the major problem to inconsequential matters is just heartbreaking. The dilapidated state of the roads is the major cause of traffic in Lagos. Period!

Interestingly, the emergence of bike-hailing startups in Nigeria’s economic hub was to save millions of Lagosians from the none-stop traffic.

Nobody wants to waste 3 hours on a thirty minutes journey, that is the problem these startups are solving. 

More so, the fares charged by these bike-hailing startups via their Apps are way too low compared to what the regular bike man charges on the streets of Lagos. Tremendously, residents who can afford these low cost services get relieved from the damning Lagos traffic.  

With any of the bike-hailing Apps, you can just book a ride, in a few minutes, the riders arrive and take you to your destination. Let me also remind you that, these startups have taken off many unemployed Nigerian youths from the streets, so, their so-economic impacts in general cannot be questioned. 
Before Gokada, Oride and Max.ng, three of the major startups in the space, commenced their operation they met certain requirements.

And I must tell you that it wasn’t an easy one. The Lagos State Government proposed regulations that include licensing fees and annual taxes. 

Each of the bike-hailing startups was required to pay annual licensing fees of 25 million naira ($70,000) per 1,000 bikes and then 30,000 naira ($83) per bike after the first set of 1,000. The startups are also expected to pay annual taxes on revenue. 

After Opay had acquired its operational license from the Lagos State Government. The startup also rubbed minds with MC Oluoma, the leader of the National Union of Road Transport Workers (NURTW). Both parties signed a pact and this essentially involves Opay remitting some portion of its profit on a monthly basis to NURTW.

All of these MoUs that were signed was to ensure that riders on the platform do not encounter problems while operating in Lagos.
The truth is the regular Okada rider does not enjoy this sort of operational freedom in Lagos. They are constantly harassed by the Police and another gang of miscreants known as Agbero.

At designated checkpoints, they pay a certain amount of money to them. This is a reoccurring phenomenon in the state. 
As a resident who continues to patronize Opay ride services, I can attest that Opay riders have enjoyed certain rights and privileges.

However, in the last couple of weeks, the story has changed and could go worse if not speedily and properly handled. 
First, riders on the Opay platform are getting arrested by the Police, while the Agberos have began to demand money from riders.

The Lagos State Government claims that the seizure of Opay bikes was geared towards sanitizing the Lagos highways. What will the Lago State Government gain if they continue to seize Opay bike? Absolute nothing. These riders are not causing traffic or any mishaps to Lagosians. In fact, they are doing what the Government has failed to do. 

Even the Agberos are taking advantage of the situation. And it’s quite sad State Government uphold the ”Agberos” in high esteem. These bunch of miscreants are becoming too powerful and enriching themselves via extortion from transporters.

If Lagos State Government claims it does not hold them in a high esteem, then, they should be banned their operations. But then, if you get them banned, how will politicians get thugs who will help them snatch ballot boxes during elections? 

Further, another observation is that Opay riders are beginning to exhibit their innate greed instincts. The average Nigerian wants to exploit, that’s the sad truth. During peak hours, usually from 4 pm, Opay riders purposely go offline. The end goal is for them to charge you like the regular Okada rider. Once they are offline, the App will not be able to generate the amount to be paid after a ride. 

Normally, when you book an Opay ride, the App shows the amount you are to pay at the end of the trip. Ironically, the average Opay driver during peak hours wants to inflate fares. During those peak hours, when you request a ride, they hardly accept the request because the fare is just too small for them. 

At this point, it is imperative for Opay to critically introspect and have another discussion with the Lagos State Government to thrash out these recent unwelcoming and ugly incidents. If the State does not address the issue of Police harassment and extortion from Agberos, then, they should have an alternative plan. If it’s not going to cost them financially, then they should consider closing down it Oride business and focus on other services. 

Conclusively, Opay should be stringent with riders on it’s platform and have an effective monitoring system that detect riders who go offline during peak hours for selfish aggrandizement. Once a rider does provide a justifiable explanation for not being online during peak hours, they should be stop such rider from operating. 

Continue Reading

GRTech

Governor Soludo’s Solution Innovation District Earns Prestigious Global Recognition at Beijing Innovation Forums

Report by ORJI ISRAEL

Published

on

Ms. Chinwe Okoli, special adviser to Prof. Charles Soludo, Anambra State Governor on Innovation and Business Incubation, receiving the award at the International Association of Science Parks (IASP) 42nd World Conference held in Beijing, China this September.

The Anambra State Government, under the visionary leadership of Prof Chukwuma Charles Soludo, as governor, has powerfully positioned the state as a leading hub for innovation in Africa, following a series of impactful presentations, engagements and a prestigious award win at two major international forums in Beijing.

Ms. Chinwe Okoli, special adviser to the Governor on Innovation and Business Incubation, represented the state at both the Triple Helix Association & CASSSP Innovation Summit and the International Association of Science Parks (IASP) 42nd World Conference held in Beijing, China this September.

Her engagements culminated in the Solution Innovation District (SID) – the flagship project of the Soludo administration – being named among the top 3 winners at the conference’s prestigious IASP Inspiring Solutions Awards 2025, a definitive validation of its transformative model.

From Global Theory to Award-Winning Local Practice

At the Triple Helix Summit, Ms. Okoli’s presentation, “The Anambra Story – From Theory to Transformation,” detailed how Governor Soludo’s vision is being executed through the Triple Helix model, strategically aligning government, academia, and industry. She showcased the SID as a practical, homegrown application of global best practices, already delivering impressive outcomes:

  • 80,000+ citizens trained in various digital skills, building a future-proof workforce and talent for technology development.
  • Dozens of new startups launched, catalyzing a new creative and digital economy.
  • Over $2 Million in ecosystem investment secured, demonstrating early international investment confidence.

Building on this momentum at the 42nd IASP World Conference, Ms. Okoli delivered a presentation titled “Bridging Continents Through Innovation: SID and the Power of International Collaboration.”

She detailed Governor Soludo’s strategy of using the SID as a gateway for global partnerships, emphasizing that tackling Africa’s digital growth and youth unemployment requires cross-border cooperation. This theme set the stage for a monumental endorsement of the Anambra model.

The IASP Inspiring Solutions Award, announced during the conference’s Gala Dinner, specifically recognized the “Anambra Digital Tribe” and its ambitious goal to train one million youths, celebrating it as a “transformational, inspiring, and impactful blueprint for building a sustainable, homegrown innovation economy”

“This award is a powerful testament to Governor Soludo’s foresight and firm commitment,” said Ms. Okoli. “His strategic investments in technology infrastructure and youth empowerment have proven that emerging economies can not only participate in but excel on the global innovation stage. Our message in Beijing was clear: Anambra is building global bridges for talent, technology, and capital, and this award confirms that the world is taking notice. Anambra is open for business and ripe for strategic investment.”

A Compelling Case for Investors and Global Partners

The back-to-back presentations in Beijing highlighted key investor-friendly attributes of the Anambra ecosystem, driven by the Governor’s policies:

A Clear, Government-Backed Vision: Anambra is the first subnational government in Nigeria to fully invest in a dedicated innovation district, turning the historic Old Government House into a 13.7-hectare hub- designed to have AI labs, robotics centers, office spaces, residences and advanced research facilities. Opportunity for investment at the district-real estate development, technology infrastructure, R&D etc are now open.

Proven Partnerships: The state has already secured collaborations with global giants like the UNDP, Meta, Microsoft, Connekt Broadband, Circum Technologies etc signposting opportunity for future partners.

Massive Talent Pipeline: The “1 Million Anambra Digital Tribe” initiative directly addresses the talent needs of the global digital economy, creating a deep pool of skilled developers, creatives, and tech entrepreneurs.

Strategic Positioning: With Africa’s digital economy projected to surge from $180 billion to $712 billion by 2050, Anambra is positioning itself as a strategic gateway and a model for market growth.

This one-two punch of influential speaking engagements and a competitive international award proves that the “Anambra Model” is not just a local initiative but a globally relevant ecosystem. It affirms to every young innovator in Anambra that their ideas have global relevance and assures international investors that the state, under Governor Soludo’s leadership, is a credible and high-potential destination for partnership and growth.

The Solution Innovation District(SID) is the flagship project of the Anambra State Government, envisioned by the Governor, Prof Chukwuma Charles Soludo, to serve as the epicenter for technology, creativity, and entrepreneurship in Southeastern Nigeria. It is designed to catalyze economic transformation through strategic partnerships, world-class infrastructure, and massive human capital development. Opportunity for investment in real estate at the district, technology infrastructure, R&D etc are now open.

Continue Reading

GRTech

Sophos Releases State of Ransomware in Education report

97% Data Recovery in Schools Shows Progress against Ransomware, But IT Burnout Grows – Sophos

Published

on

Sophos Report Finds Education Sector Strengthening against Ransomware

Sophos, a global leader and innovator of advanced security solutions for defeating cyberattacks, has released its fifth annual Sophos State of Ransomware in Education report. 

Sophos, a global leader and innovator of advanced security solutions for defeating cyberattacks, has released its fifth annual Sophos State of Ransomware in Education report. 

The global study of 441 IT and cybersecurity leaders shows the education sector is making measurable progress in defending against ransomware, with fewer ransom payments, dramatically reduced costs, and faster recovery rates. 

Yet, these gains are accompanied by mounting pressures on IT teams, who report widespread stress, burnout, and career disruptions following attacks – nearly 40% of respondents reported dealing with anxiety.

Over the past five years, ransomware has emerged as one of the most pressing threats to education, with attacks becoming a daily occurrence. Primary and secondary institutions are seen by cybercriminals as “soft targets”, often underfunded, understaffed, and holding highly sensitive data. 

The consequences are severe: disrupted learning, strained budgets, and growing fears over student and staff privacy. Without stronger defenses, schools risk not only losing vital resources but also the trust of the communities they serve.

Indicators of Success against Ransomware

The new Sophos study demonstrates that the education sector is getting better at reacting and responding to ransomware, forcing cybercriminals to evolve their approach. 

Trending data from the Sophos study reveals an increase in attacks where adversaries attempt to extort money without encrypting data. 

Unfortunately, paying the ransom remains part of the solution for about half of all victims. 

However, the payment values are dropping significantly, and for those who have experienced data encryption in ransomware attacks, 97% were able to recover data in some way. The study found several key indicators of success against ransomware in education: 

• Stopping More Attacks: When it comes to blocking attacks before files can be encrypted, both lower and higher education institutions reported their highest success rate in four years (67% and 38% of attacks, respectively) 

• Following the Money: In the last year, ransom demands fell 73% (an average drop of $2.83M), while average payments dropped from $6M to $800K in lower education and from $4M to $463K in higher education.

• Plummeting Cost of Recovery: Outside of ransom payments, average recovery costs dropped 77% in higher education and 39% in lower education. Despite this success, lower education reported the highest recovery bill across all industries surveyed.

Gaps Still Need to be Addressed

While the education sector has made progress in limiting the impact of ransomware, serious gaps remain. In the Sophos study, 64% of victims reported missing or ineffective protection solutions; 66% cited a lack of people (either expertise or capacity) to stop attacks; and 67% admitted to having security gaps. These risks highlight the critical need for schools to focus on prevention, as cybercriminals develop new techniques, including AI-powered attacks.

Highlights from the study that shed light on the gaps that still need to be addressed include: 

• AI-powered threats: Lower education institutions reported that 22% of ransomware attacks had origins in phishing. With AI enabling more convincing emails, voice scams, and even deepfakes, schools risk becoming test grounds for emerging tactics.

• High-value data: Higher education institutions, custodians of AI research and large language model datasets, remain a prime target, with exploited vulnerabilities (35%) and security gaps the provider was not aware of (45%) as leading weaknesses that were exploited by adversaries. 

• Human toll: Every institution with encrypted data reported impacts on IT staff. Over one in four staff members took leave after an attack, nearly 40% reported heightened stress, and more than one-third felt guilt they could not prevent the breach.

“Ransomware attacks on schools are among the most disruptive and brazen crimes,” said Alexandra Rose, Director, CTU Threat Research, Sophos. “It’s encouraging to see schools getting better at responding and recovering, but the real opportunity is to stop attacks before they start. Prevention, backed by strong incident response planning and collaboration with trusted public and private partners, is essential as adversaries adopt new tactics, including AI-driven threats.” 

Holding on to the Gains 

Based on its work protecting thousands of educational institutions, Sophos experts recommend several steps to maintain momentum and prepare for evolving threats:

• Focus on Prevention: The dramatic success of lower education in stopping ransomware attacks before encryption offers a blueprint for broader public sector organizations. Organizations need to couple their detection and response efforts with preventing attacks before they compromise the organization. 

• Secure Funding: Explore new avenues such as the U.S. Federal Communications Commission’s E-Rate subsidies to strengthen networks and firewalls, and the UK’s National Cyber Security Centre initiatives, including its free cyber defence service for schools, to boost overall protection. These resources help schools both prevent and withstand attacks.

• Unify Strategies: Educational institutions should adopt coordinated approaches across sprawling IT estates to close visibility gaps and reduce risks before adversaries can exploit them.

• Relieve Staff Burden: Ransomware takes a heavy toll on IT teams. Schools can reduce pressure and extend their capabilities by partnering with trusted providers for managed detection and response (MDR) and other around-the-clock expertise.

• Strengthen Response: Even with stronger prevention, schools must be prepared to respond when incidents occur. They can recover more quickly by building robust incident response plans, running simulations to prepare for real-world scenarios, and enhancing readiness with 24/7/365 services like MDR.

Data for the State of Ransomware in Education 2025 report comes from a vendor-agnostic survey of 441 IT and cybersecurity leaders – 243 from lower education and 198 from higher education institutions hit by ransomware in the past year. 

The organizations surveyed ranged from 100 – 5,000 employees and across 17 countries. 

The survey was conducted between January and March 2025, and respondents were asked about their experience of ransomware over the previous 12 months.

Download the State of Ransomware in Education 2025 report on Sophos.com.

Continue Reading

GRTech

Sophos Endpoint Now Integrated with Taegis MDR and XDR Strengthening Cybersecurity ROI

Published

on

Sophos new Logo
Sophos Logo

Sophos, a global leader of innovative security solutions for defeating cyberattacks, today announced that Sophos Endpoint is now natively integrated and automatically included in all Taegis Extended Detection and Response (XDR) and Taegis Managed Detection and Response (MDR) subscriptions.

This milestone gives customers immediate access to combined prevention, detection, and response capabilities in a single platform, while lowering costs and simplifying operations.

The integration follows Sophos’ acquisition of Secureworks in February 2025 and represents a major milestone in combining the companies’ strengths to help customers defeat cyberattacks with a higher ROI.

Endpoint protection remains one of the most critical layers of defense against today’s cyberthreats, delivering both frontline prevention and vital telemetry for detection and response. 

With Sophos Endpoint included in all new and existing Taegis XDR and MDR subscriptions, customers can benefit from unmatched ransomware defenses and adversary mitigation capabilities that automatically deploy in the event of an attack.

The integration enables organizations to strengthen protection while lowering licensing costs, reduce management overhead through native integration, and accelerate threat mitigation with expanded response actions.

Taegis remains a fully open platform, ensuring customers continue to receive full value from their existing cybersecurity investments and maintain the freedom to use the endpoint protection solution of their choice.

This ensures that customers maximize ROI while allowing room in their budget for other cybersecurity priorities.

“Integrating Sophos Endpoint with Taegis delivers a best-in-class unified protection, detection, investigation, and response platform – while also reducing customer costs,” said Raja Patel, chief product officer at Sophos. “Too many organizations still treat endpoint protection like a commodity, and that’s exactly the mistake attackers are counting on. The reality is, not all endpoint products are built to stop today’s hands-on-keyboard attacks. Sophos Endpoint’s prevention-first capabilities, like CryptoGuard anti-ransomware protection and Adaptive Attack Protection, shut down attacks before they can escalate, which is a true game changer for enterprises managing thousands of devices. And by simplifying deployment and policy management, we’re helping organizations stay ahead of threats, lower their total cost of ownership, and maximize the return on their security investments.”

Key benefits for Taegis customers include:

  • Lower costs and improved ROI: Sophos Endpoint is now automatically included with all Taegis XDR and Taegis MDR subscriptions, eliminating the need to purchase a separate endpoint security solution.
  • Vendor choice preserved: Taegis remains an open platform, allowing organizations to continue using their preferred endpoint solution.
  • Industry-leading protection: A 16-time leader in the Gartner® Magic Quadrant™ for Endpoint Protection Platforms, Sophos Endpoint provides unmatched defense against ransomware and other advanced threats, with features such as CryptoGuard and Adaptive Attack Protection, accessible directly from the Taegis console.
  • Workflow continuity: Telemetry and detections from Sophos Endpoint are ingested into the Taegis platform, allowing customers to retain existing detection and response workflows.
  • Simplified management: Customers can download, install and manage Sophos Endpoint directly from Taegis.

To support a range of environments, customers can now choose between three deployment options for endpoint protection:

  • Sophos Endpoint: Natively integrated for comprehensive prevention, detection, and response in a single agent.
  • Non-Sophos native integrations: Telemetry ingestion ensures full visibility from products such as CrowdStrike, Microsoft Defender, SentinelOne and Carbon Black by Broadcom.
  • Other non-Sophos endpoint security solutions: Supported through a detection only sensor deployment option.

“This integration expands the value and flexibility we deliver to customers and partners,” said Chris Bell, senior vice president of Global Channel, Alliances and Corporate Development at Sophos. “By including Sophos Endpoint in Taegis, organizations gain stronger protection, reduced costs and simplified operations. For partners, it creates new opportunities to help customers consolidate tools, drive renewals and expand enterprise relationships.”

Continue Reading

Trending