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‘It is worrisome that Africans are lagging behind in catching up with big data handling techniques’- WAYSA President laments

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THE President of West African Young Statisticians, Mr. Oyebimpe Adeniji has decried the low level in the use of big data handling techniques by Africans despite the fact that data is now the most valuable commodity. 

Adeniji made this declaration while addressing participants at a four-day training and workshop organised by West African Young Statisticians Association (WAYSA) in collaboration with Statistical Modelling Group (SMG) of the department of Statistics, University of Ibadan.

The WAYSA President while speaking on the topic “Big data analytics and data visualization with JMP-SAS software” at the program held in Ibadan lamented that many Africans have really not given much attention to this revolution in science of data.

Adeniji said, “I am not sure if many of us here are aware of the trending belief in the developed world that “the sexiest job of the next decade is data science”. The reason is not farfetched from the fact that virtually every sector, if not all sectors in this modern age are driving by data.

“It is however, pitiably worrisome that the African continent at large has been lagging behind in catching up with this trend of big data handling techniques as many have really not given much attention to this revolution in the science of data even though data happens now to be the most valuable commodity.

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“Much more, response of the African academia to developing a concise school-based curriculum for data science courses at our universities is alarming lackadaisical, as the little patches of data science education prevalent today in mainstream learning have been in the hands of seminar organizers, who more or less seek to get profit by offering these short courses to intending learners.

“In 2016, a number of us, young Statisticians from West Africa region came together at the SADA 16 event in Cotonou, Republicbof Benin and reached a communique to form a regional powerhouse for the enhancing of sound statistical education with special attention to data analytics.

“This successfully gave birth to the West African Young Statisticians Association (WAYSA). And since then, we have been able to form alliances with some notable data analytics software producers in the world like SAS Inc”.

Also, in his address, Professor Ismail Olanrewaju Shittu of the department of Statistics, University of Ibadan, added that data analysis is an essential element of any research.

He said, “As we all know, data analysis is an essential element of any research. It is the only tool that can help to make data speak. This important aspect of research has been made simpler by the use of computer with its relative advantages of speed, accuracy and its capacity to handle large volume of data.

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“This has made it imperative to acquire necessary skills to handle data particularly high frequency data with specialized software”.

Vice President of American Statistical Association, Professor Richard De Veaux in his message to the participants, noted that the workshop would be useful as stepping stone for them in their day to day activities as Statisticians”.

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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

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