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Fed Govt pushes tech driven risk management for stronger economy

The Federal Government says technology driven risk management is now central to building a more resilient Nigerian economy. Secretary to the Government of the Federation George Akume made this known at the 2026 National Risk Management Conference in Abuja. Represented by the Director of General Services in his office, Idris Ibrahim, Akume urged policymakers, industry leaders and development partners to embrace modern risk tools to manage emerging threats. He said rapid digital transformation, security challenges, climate uncertainties and global economic shocks demand smarter and more proactive responses. Akume noted that technologies such as artificial intelligence, fintech and digital governance platforms are reshaping economies worldwide. He warned, however, that these tools also introduce new vulnerabilities that must be managed through strong institutions, sound regulation and strategic planning. The SGF called for deliberate investment in digital infrastructure, cybersecurity and research to support […]

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Bessent Defends White House Economic Moves to Wary Business Leaders

In a pivotal address at the Milken Institute Global Conference, U.S. Treasury Secretary Scott Bessent staunchly defended the White House's economic strategies, aiming to reassure business leaders concerned about recent policy shifts. Emphasizing Strategic Uncertainty Bessent highlighted the administration's approach of "strategic uncertainty" in economic negotiations, suggesting that unpredictability can be a valuable tool in securing favorable trade deals. Addressing Business Leaders' Concerns Acknowledging the apprehensions of business leaders, Bessent emphasized the administration's commitment to fostering a conducive environment for investment and growth. He pointed to legislative efforts aimed at making small business deductions permanent and enhancing tax incentives for research and manufacturing. Market Resilience Amid Policy Shifts Despite market volatility and concerns over tariffs, Bessent expressed confidence in the resilience of U.S. financial markets, describing them as "antifragile" and capable of adapting to policy changes.

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