Business
Journalists Urge to Adopt AI Strategies for Boosted Productivity
BY NKECHI NAECHE-ESEZOBOR—The Group Chief Executive Officer, Billsbox Services Limited, Dr. Monday Ashibogwu has said AI is not a destroyer, but anyone can be destroyed using AI carelessly.
Speaking on the topic, Publishing in an Era of Artificial Intelligence, Ashibogwu charged journalists to protect their credibility in the age of synthetic media, and strive to identify opportunities and threats Al presents and explore all with wisdom.
He spoke at a media training put together by Leadway Assurance in Lagos for Members of Nigerian Association of Insurance & Pension Editors (NAIPE).
“While integrating Al into newsroom operations, we must use Al responsibly in content creation and develop an Al strategy for sustainable publishing”
He noted that, Artificial Intelligence will not replace journalists, but Journalists who use Artificial Intelligence will replace those who don’t. “AI can aid in investigations and boost productivity however journalists must be circumspect”
He urged journalists to watch against hallucinations, fabricated quotations, deep fakes, plagiarism, copyright violations, privacy breaches, manipulation, misinformation, and the worst of it, loss of public trust.
The expert outlined action plan for publishers and content creators viz: “Develop an Al policy, train newsroom staff on Al use, adopt Al responsibly across teams, create verification procedures, review copyright compliance, and experiment with Al tools. Because the future belongs neither to traditional journalism nor to artificial intelligence alone. It belongs to journalists who combine human wisdom with machine intelligence” he added.
The post Journalists Urge to Adopt AI Strategies for Boosted Productivity appeared first on Business Today NG.
Nigeria’s Finance Minister and the Coordinating Minister of the Economy, Taiwo Oyedele, on Wednesday said the country is fortunate to have President Bola Tinubu at the helm of affairs at a time of economic challenges and global uncertainty.
Mr Oyedele made the remark on Wednesday on the sidelines of the World Bank/International Monetary Fund (IMF) meetings in Bangkok, Thailand, where he praised the president for his willingness to implement difficult economic reforms and his understanding of economic and monetary policy issues.
“I say to myself every time that Nigeria is lucky to have a leader like Mr President,” the minister said.
“A leader that says ‘I’ll do the right thing, even when it’s not popular’. There are so very few of them, and our president is not saying it; he’s doing it, he’s doing it even with pre-election (concerns),” he added.
Since assuming office in May 2023, the Tinubu administration has introduced a series of economic reforms, the impact of which international institutions like the World Bank and the IMF have acknowledged
The reforms include the removal of costly petrol subsidies, which had been a major drain on public finance for years, the unification of the foreign exchange rates and the sharp devaluation of the naira to attract foreign capital.
Although abolishing fuel subsidies has boosted government revenue and is seen as an investor-friendly move, it has triggered a cost-of-living crisis and spurred inflationary pressures.
Reforms in the foreign exchange market have helped increase accretion to external reserves, which stood at $55.1 billion as of 9 October, its peak level in over 18 years.
The banking sector also underwent a recapitalisation exercise that ended in March and helped Nigerian banks raise N4.7 trillion in new capital.
According to the Central Bank of Nigeria, the recapitalisation strengthened banks’ capital adequacy ratios, keeping the sector above international Basel benchmarks.
Mr Oyedele said President Tinubu possesses two attributes uncommon among leaders, notably those of democratic governments.
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The first is his willingness to do what he considers right, even when the decision is unpopular or politically difficult.
“I remember at least three issues that were discussed with him recently, and on my own I would offer to say ‘maybe we wait until after the election’. And his question is always, ‘Is it the right thing to do?’ Yes, yes, it is. Why do we have to wait?” Mr Oyedele said.
“Number two attribute is that our President gets it. It’s not easy to understand issues to do with the economy, finance, monetary policy, like respect for the independence of the monetary authority. For Mr President, it’s 100 per cent,” he added.
The minister added that the president’s position on such matters has made it unnecessary for officials to discuss the issue with him repeatedly.
“We don’t even talk about it. So, I feel like we are so blessed, we cannot afford to wait even one minute,” he said.
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