Category: e-Business

  • Mastering This Art Called Forex

    Mastering This Art Called Forex

    “Master Forex”. I’m almost certain I have never heard these two words put together before. I mean, is this even a thing? One can attain mastery in a thing like…like forex trading? Hold that thought while I tell you a quick story.

    Picasso is casually sitting in a park. A woman, recognizing him, walks up to him and begs for a portrait of herself. Picasso is in a good mood so he agrees to. In a few really short minutes, he hands her the portrait.

    Completely awed and excited, she asks how much she owes him.

    “$5,000, ma’am”, replied Picasso. In wide-eyed shock, the woman asks Picasso how on earth a drawing could cost so much even though it took only a few minutes.

    Picasso smiled and responded, “No ma’am, it took me my whole life”.

    This story is particularly interesting because it efficiently explains what mastery looks like when it is attained. The way masterpieces are created with relative ease is fascinating. Picasso comes up when you think of the greatest artists of all time and his phrase “it took me my whole life” subtly highlights that there are no hacks or shortcuts to mastery.

    So, can everyone get to that level? What’s the process like, from novice to master? What’s the cost of attaining mastery? Does it take the entirety of one’s life? Can one attain mastery in all things, even forex trading?

    The whole concept of mastery may seem a little vague and intimidating, but at its core, mastery is a simple process accessible and attainable to all. For anyone to be a master at anything, they need a desire to learn and the ability to focus in deliberate practice.

    Case in point, forex trading. In the beginning, the market looks rather intimidating – we don’t understand all the coloured lines we see or why they keep forming. It is important that we don’t give in to feelings of confusion, fear, boredom or impatience, that may arise at this point, or we may halt the mastery process. What to do instead is overcome our hunger for magical shortcuts, decide on our goals and stay the course.

    My advice – in actionable steps – for anyone looking to master forex is to commit to continuous learning, stay focused as you practice, and get yourself a good broker.

    OctaFX is an international broker providing traders of all skill levels with an opportunity to earn more. They provide wonderful initiatives that make your journey to forex mastery a much smoother one. They don’t give you a shortcut, they streamline the process and save you avoidable headache. Check out your new broker here.

    So, while you might not yet be the Picasso of forex trading, decide on that goal and stay the course. Decide now, not to quit when things get difficult or confusing. Keep showing up. Keep learning. Keep practicing. Be humble when you fail. Be persistent in getting up again.

    Gradually, you would find that you have built your creative intuition and you know the market through and through. You would make trading decisions with a rhythm that comes from within – true, unmatched intuition – like a true artist. A true artist of forex trading.

     

    We can all be masters.

     

  • Glover makes statement with band of brand influencers

    Glover makes statement with band of brand influencers

    Glover, an affiliate company of Patricia Technologies has announced its entry into the Giftcard exchange market offering uncommon possibilities by launching a new marketing campaign titled #XploreWithGlover and also unveiling a tribe of brand influencers to be the drivers behind the campaign.

    The Glover brand launched on Friday, 19th of March, 2021 with a campaign #ActivatetheXchange with the use of nano influencers to boost visibility and awareness.

    This time, they’re looking to make a big bang entrance with this new campaign and influencer marketing strategy.

    Some of the influencers signed on are Kie-Kie, Diiadem, Isbae_U, Black Camaru, and ex- Big Brother Housemates, Nengi and Cee_C.

    Glover introduced her lifestyle services to the public, which seek to promote the gift card culture of Nigerians as well as other services like the Refill service, which caters to bill payments such as GOTV, DSTV subscriptions, electricity bills, internet and airtime top-up.

    The Airtime2Cash feature helps customers convert their excess airtime to cash or in case of an over-recharge mistake.

    According to the Brand Manager for Glover, Humphrey Ogbodo: “The selection of these celebrities connects to the upbeat lifestyle of our customers, and we hope to use that to engage everyone in more exciting ways.”

    To further reiterate the need and importance of the signing, the Business Manager, Victor Monday, also said: “We look forward to making the most of our influencer marketers to promote our new campaign strategy, and this new feat will mean a lot for our business growth”.

  • APPZone group announces new CFO

    APPZone group announces new CFO

    The Board of Directors of Africa’s leading fintech company, Appzone Group, has approved the appointment of Timothy “Tim” Souter as the new Group Chief Financial Officer.

    A seasoned financial expert with expertise garnered in Europe and Africa, Tim Souter brings over 15 years of financial leadership experience across several industries and sectors including technology, telecoms, financial and investment services.

    Prior to joining Appzone, Tim served as a Partner at Ethos Private Equity SA where he was responsible for origination, execution and portfolio management of the tech and telecommunications sectors.

    A UK resident, Tim joins the Appzone Group while continuing to manage several other ongoing interests and will be commuting regularly between Nigeria and the UK

    Mr. Obi Emetarom, CEO Appzone Group, said: “We are delighted to have Tim join Appzone. He is an experienced finance professional with a demonstrated history of leadership in the financial services industry across sub-Saharan Africa, and his broad financial and strategic experience, particularly his understanding of how technology is reshaping the financial services industry, will be an asset to us.”

    Tim Souter has over the years built an extensive network in the investment & financial services and telecoms sectors in Africa, and he possesses an intricate understanding of managing capital structures, currencies and critical stakeholders. Tim was also involved in several non-TMT businesses during his time at Ethos, and his portfolio operated and invested across 10+ countries in sub-Saharan Africa.

    As an active investor and shareholder, he has also held non-executive directorships across his investment portfolio as well as being Chairperson of various subcommittees over the years.

    Tim served as a non-executive director on the board of Eaton Towers, an independent tower company present in six countries.

    He more recently sat on the board of Echo, a corporate ISP, where he played an instrumental role in expanding the business into eight additional African countries through acquisition.

    Prior to his role at Ethos, Tim was part of the EMEA TMT advisory team at Macquarie Capital, based in Johannesburg, South Africa and Chicago, USA.

    Tim holds a Master of Finance degree from INSEAD and is a CFA charter holder. He also holds a Bachelor of Business Science from the University of Cape Town.

  • Strengthening digital infrastructure for AfCFTA

    Strengthening digital infrastructure for AfCFTA

    The goal of the African Continental Free Trade Area (AfCFTA) is the elimination or reduction of tariff and non-tariff barriers among its 54-member countries by providing a single market for goods and services, facilitated by movement of persons to deepen the economic integration and prosperity. LUCAS AJANAKU reports that investment in digital infrastructure too will facilitate electronic trade among members.

     

     

    In Nigeria and across the continent, there exists a massive investment opportunity to address digital inclusion.

    According to World Bank’s estimate, more than $100 billion of capital is required to bring sub-Saharan Africa to acceptable levels of digital access by 2030.

    In line with global trends in civilised societies where the digital platform is the first option in everything, Federal Government, had in 2019, unveiled the National Digital Economy Policy and Strategy (NDEPS) while the Central Bank of Nigeria (CBN) and other stakeholders unveiled a National Financial Inclusion Strategy that targeted the reduction of the percentage of adult Nigerians excluded from financial services from 46.3 per cent in 2010 to 20 per cent last year.

    The number of Nigerians included in the formal sector was also targeted to increase from 36.3 per cent in 2010 to 70 per cent last year.

    Executive Vice Chairman/CEO, Nigerian Communications Commission (NCC), Prof Garba Danbatta, said the commission has deepened broadband access beyond its current 38 per cent towards achieving the 70 per cent broadband penetration set for 2025 by the Federal Government.

    However, some infrastructure funds are going to help drive Africa’s digital agenda. One of such funds to expand the local digital infrastructure is coming from MTN Nigeria. The telco said it plans to invest N640 billion (about $1.5 billion) over the next three years to expand broadband access across country, in line with the Federal Government’s 2020-2025 National Broadband Plan (NBP) and in support of MTN Group’s strategy, Ambition 2025: Leading Digital Solutions for Africa’s Progress.

    MTN Group President/Chief Executive Officer Ralph Mupita, said Nigeria is one of the Group’s most important markets. “We have a proud history of partnering with Nigeria and Nigerians to drive faster and more inclusive growth through digital transformation,” he had said during a visit to the country.

    Mupita reiterated the telco’s support for Nigeria’s plans to secure 90 per cent broadband population coverage by 2025. This aligns with “MTN Group’s belief that everyone deserves the benefits of a modern connected life and our work to extend digital and financial inclusion across Africa”.

    Another is coming from a private equity investor focused on the technology sector across sub-Saharan Africa, Convergence Partners. It also announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at $120 million. The fund is targeting a final size of $250 million. Now with more than $400million of capital under management, Convergence Partners remains the largest private equity investor dedicated to digital infrastructure in Africa.

    Investors in CPDIF are leading institutions that continue to support African growth such as the CDC Group (the UK’s development finance institution), the United States International Development Finance Corporation (DFC), the European Investment Bank (EIB), the International Finance Corporation (IFC) and Proparco (the private sector arm of the Agence Française de Développement – AFD Group).

    CPDIF investments will be driven by the infrastructure needs of the emerging growth themes in the digital infrastructure ecosystem, specifically fibre, wireless, data centres, towers etc., as well as 5G, Cloud, Internet of Things (IoT), Artificial Intelligence (AI), fintech and network virtualisation. Its first investment is in Ctrack, a transaction that was announced earlier in the year. As a data analytics business servicing the fleet management and insurance industries, the business sits at the intersection of AI and IoT with all its solutions being cloud delivered.

    The fund also has a strong and measurable impact objective and, via its participation in the build out of Africa’s digital infrastructure, will boost entrepreneurship, innovation, skills development and job creation though massively boosting access to the internet and all the critical digital tools it offers.

    Africa remains by far the most underserved region in terms of broadband and digital technology access. Despite the advances in the rollout of digital infrastructure on the continent, fixed broadband penetration in sub-Saharan Africa still lags far behind at about seven per cent of the population.

    CEO of Convergence Partners, Brandon Doyle, said: “We are delighted to have achieved this milestone, particularly given the headwinds in African PE fundraising generally, and the impact of the COVID-19 pandemic on business activity, over the past 12 months. We are very pleased with the level of support from both repeat and new investors and believe this reflects our solid track record and the opportunity CPDIF presents at this crucial time in both a tech and African context.”

    CPDIF is a continuation of the strategy that has been successfully implemented by Convergence Partners since inception in 2006 across its funds under management. In the past 15 years, Convergence Partners has invested in submarine cable systems, geostationary satellites, terrestrial long-haul, metro and access fibre, wireless networks, data centres, as well as service provision delivered by these networks such as enterprise connectivity, SD-WAN, fintech & healthtech solutions, data switching and more.

    Chairman of Convergence Partners, Andile Ngcaba, said in the past 20 years, there has been an exponential growth of internet penetration on the African continent.

    “Internet penetration in sub-Saharan Africa alone has grown tenfold compared to the threefold increase the rest of the world has seen. As Convergence Partners, we pride ourselves on contributing to this growth through our numerous communications infrastructure investments across the continent. However, the COVID-19 pandemic has shown us that there is still much work to drive digital inclusion.

    ”Today, Africa is experiencing the highest growth in international internet bandwidth compared to any other region in the world. As we embark on this journey as CPDIF, the next 12 years will be spent continuing to build on our original vision of ubiquitous pan-African communications.  As AfCFTA commences in the same year, we embark on the next step of our journey as Convergence Partners. We believe that AfCFTA will benefit immensely from the availability of digital infrastructure. Our greatest strength is our knowledge of technology, investments, and deep understanding of the African market and cultures.”

  • MTN showcases entrepreneurship

    MTN showcases entrepreneurship

    MTN Nigeria has unveiled a new thematic campaign tagged ‘We Move’.

    It is hinged on the MTN Group’s brand strategy of progress, and is focused on urging people to look inwards for opportunities for progress that abound within their situations.

    The campaign was launched with the release of a two-minute TV commercial that has sparked excitement among Nigerians with many lauding the ICT company for creating a storyline that resonates with the hopes and aspirations of Nigerians.

    The TVC opens on a young man in a Nigerian university who evidently has a knack for cooking delicious meals. While in school, his roommates, friends, and even the security guards would smell the aroma coming from any dish he was making and find their way to his room to have a taste of whatever he has prepared.

     

    Fast forward to a few years later, the young man graduates from the university and joins the pool of unemployed youths in Nigeria. Even while he was job hunting without any luck, he would return home and cook meals for his flatmates.

    One day, after completing yet another fruitless employment exercise, he suddenly got inspired to cook meals and deliver to customers and this became the turning point in his life and career. By looking inwards, the Nigerian youth in the TVC was able to discover a skill he already had, and instead of remaining downcast by his current situation, he decided to monetize his already existing skills.

    With ‘We Move’, MTN is reminding Nigerians that with its ecosystem of leading digital solutions, it levels the playing field, giving everyone the opportunity to apply their energy to achieve brighter lives; and together drive collective progress. The campaign is expected to reinforce the sense of hope in Nigerians and help them overcome their frustrations and fears to enable them to feel empowered, energized and optimistic.

    MTN Nigeria provides opportunities for forward-thinking Nigerians to thrive. With its various innovations, partnerships, and sponsorships, MTN has continued to position itself as a trusted partner in progress.

     

  • Visa not only a card firm…

    Visa not only a card firm…

    Payment technology firm, Visa, will ensure that it is seen as more than a credit card company and understood as a trusted network that drives commerce forward.

    Its Executive Vice President and Global Chief Marketing Officer, Lynne Biggar, who spoke during the unveiling of ‘Meet Visa,‘ the initial phase of its brand evolution, spotlighting the diverse capabilities of its network and commitment to enabling global economic inclusion.

    Aligned with the company’s business strategy, this phase includes the debut of a dynamic global marketing campaign and a preview of a modernised look for Visa’s iconic brand.

    “People think they ‘know’ Visa. Consumers and businesses trust the power of those four letters and see it when they open their wallet, pay a vendor, walk into a store or check out online. What they don’t see is how those four letters operate the most dynamic network of people, partnerships and products. We are on a mission to ensure that Visa is seen as more than a credit card company and understood as a trusted network that drives commerce forward,” Biggar said.

    More than 60 years ago, when Visa was founded, few could imagine a world beyond cash and checks. Visa’s founding vision to introduce a more secure, reliable and convenient currency in digital form began with a simple question: what if money became fully electronic? Today, Visa continues to anticipate the future of digital commerce, providing access through its secure global network working for everyone, everywhere.

    While Visa continues to shape the physical and digital credit or debit card transaction, it also increasingly sits at the center of enabling money movement. A company built on access to economic inclusion, the Visa network connects 3.6 billion credentials, over 70 million merchant locations, tens of thousands of partners and powers more than $11 trillion in total volume annually.

    Over the last five years alone, Visa has invested $9 billion in technology to shape the future of commerce, delivering a differentiated set of products, services and benefits. Visa’s network helps enable a gig-worker with the flexibility to get paid in real time, facilitates person to person payments that can send and receive money between billions of cards and accounts worldwide, and large corporate payments to be made more effortlessly across borders, as just a few examples.

    Illustrating the scope of Visa’s capabilities, initial elements of Visa’s brand evolution include ‘Meet Visa’ films spotlight the power of the network. Developed by Visa’s global creative agency of record, award-winning Wieden+Kennedy, Visa is unveiling a short film directed by Malik Hassan Sayeed that invites the world to ‘Meet Visa,’ a network working for everyone. Complementing this introductory film is a series of shorter digital films and photography that showcase the breadth of the Visa network working to provide access and advancing commerce for real people in real places around the world. Brought to life by some of the best and most diverse creative talent including Sayeed, Visa also worked with photographer Camilla Falquez and Argentinian directing team Pantera & Co. – Brian Kazez, Pato Martinez and Francisco Canton – to vividly capture moments such as Finding flexibility in how to get paid; Connecting local merchants to global sellers; Working on a future where crypto can buy cool things; and Helping turn side jobs into global sensations

    “The new Visa brand identity symbolises change. Visa has long stood for trust, security, acceptance and inclusion. These core values, in addition to the goal of enabling access for everyone to participate in the global economy, will be expressed through a modernized, dynamic visual brand identity, built in partnership with leading global brand design firm Mucho. The ‘Meet Visa’ campaign shares an initial glimpse into the evolved visual brand identity launching later this year, featuring refreshed colours for digital impact, a custom font created for optimal digital experiences and an updated brand symbol designed to express the purpose behind the organisation,” Biggar said.

    Over the course of this year, Visa’s new brand identity will become visible in all 200+ countries and territories Visa operates in, cutting across the company’s primary business strategy encompassing:

    Consumer payments, focusing on expanding access and moving the $17 trillion spent in cash and checks globally to digital payments.

    New payment flows including cross-border person-to-person payments and a range of value-added services that help businesses of all sizes navigate today’s landscape; identify new growth opportunities; and maintain our mission of making Visa the most secure, resilient and reliable network.

    A diversity of offerings and solutions through burgeoning partnerships with fintechs and established brands, relationships with governments around the world and innovative technology built for the future.

    “We are capturing the bold ambition of Visa with this brand evolution as a way to express what we stand for and what we strive for. With the world reopening and with money increasingly moving in new ways, there’s no better time to showcase the work we do and the impact a purpose-driven brand with Visa’s scale can have to enable individuals, businesses and economies to thrive,” Biggar said.

     

  • Latest: Tested and Trusted platforms to Sell Gift cards, Bitcoin and Greendot in Nigeria DAVYCARDS

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  • Top 5 ways to buy cryptocurrency in Africa

    Top 5 ways to buy cryptocurrency in Africa

    According to gobitcoin, approximately six financially progressing African countries have been observed to deal with cryptocurrency at the present time. From Kenya, Botswana, Ghana, Nigeria, South Africa, Zimbabwe too many other small African regions, cryptocurrency has shown a steady yet winning growth in Africa.

    Being a decentralized distributed ledger that is free from geographical boundaries, cryptocurrency has caused a tremendous innovation in the financial position of the continent. In a mere blink of an eye, Africa has incredibly progressed towards cryptocurrency dealing, trading, and mining-all along battling with its horrendous economic crises.

    However, it is not as easy to buy cryptocurrency in Africa as it was before but that doesn’t deny the fact that Africa still tops as the highly successful and crypto-rich countries. To deal with the chaotic cryptocurrency situation in the country, the young-tech savvy Africans have found effective ways like Bitiq site to buy cryptocurrency at the best prices possible. Some of them are:

    • Etoro

    For the last many years, Etoro has been dedicatedly serving as a crypto trading and crypto exchange service mainly in South Africa. While understanding the high volatility, unregulated principles, and risk subjections associated with cryptocurrency in Africa, Etoro aims to offer you a smooth experience with crypto exchange.

    It deals with bitcoin, Ethereum, Litecoin Z cash, Tether, XRP, and many other crypto coins through a smooth and easy-to-use interface. With offering unique incentives like a copy trading feature, it accepts safe payments through PayPal, Neteller, SEPA, etc.

    • Bitpanda

    Here comes your most popular cryptocurrency exchange in Africa with exchanges bitcoin at the lowest fees. It also offers payments through Credit & Debit cards and feasible platforms like PayPal, SOFORT, Skrill, Giropay, eps, etc. This helpful service basically acts like a bitcoin broker operating in Africa and walks you through the whole process of buying cryptocurrency in Africa easily. With high speed, low fees, and high reputation, Bitpanda is your ideal go-to crypto exchange in Africa even with small capitals.

    • Coinmama

    It is probably the first crypto exchange to choose on hearing safety, reliability, and affordability in one place. Coinmama has a remarkable reputation for operating crypto exchange services in all the crypto-rich countries of Africa, especially Nigeria. You might feel Coinmama is a bit high-priced with charging fees between 4.9%-5.9% depending on the fluctuating volume of your cryptocurrency. It also operates in neighboring parts of Africa with easy yet credible payment methods like SEPA, credit card, and debit card.

    • Paybis

    Paybis is one of those very rare cryptocurrency exchanges that serve in all the six highest crypto-rich countries based in Africa. It is also registered with FinCen, making it a credible and protecting crypto exchange with features like 5 minute ID verification and more. Paybis has a unique approach towards its customer by offering high limits, super-fast payouts, and 24/7 live customer support.

    • Luno

    Luno has done wonders in cryptocurrency exchanges within a very short span. Along with operating in numerous crypto- rich regions, Luno specifically supports crypto exchange services in Africa. It supports numerous payment methods but prefers its private Luno bank transfer method to ensure protection and safety with the payments. It is your only trusted cryptocurrency exchange to avail within the solace of your home.

    Conclusion

    Today, Africa has the largest cryptocurrency portfolio and a renowned name in trading between the biggest globally accepted cryptocurrencies. From the trillion dollars successful bitcoin to increasingly progressing Ethereum, Ripple. Litecoin, XRP, Misk, Monero, Africans have nearly excelled from using their local naira. To sum up, it wouldn’t be wrong to state that Africa has stolen the spotlight for numerous other successful crypto markets

  • Turning palm oil waste to wealth

    Turning palm oil waste to wealth

    In Nigeria, an agro entrepreneur and Chief Executive, Golden Seed Fats Limited, Lanre Sam-Akinkunmi, is turning palm kennel shells into energy, DANIEL ESSIET reports.

     

    An agriculture, the so-called waste is not wasted.

    The Chief Executive, Golden Seed Fats and Oils Limited,Lanre Sam-Akinkunmi, is proving this. He has explored every part of the palm tree. These include the empty fruit bunches (EFB), mesocarp fibres, palm kernel shells, and also the fronds and trunks. Though he keeps palm kernel shells left over from the extraction of palm oil in his plantation for the production of briquettes , he also encourages small scale farmers in Edo State where he operates to bring such remains to him for a fee.

    From thepalm oil process, he explained, one could get waste.

    He sees a good future in green energy and is ready to explore it after building a briquette plant in the oil palm plantation.

    For his organisation, the focus is palm oil, Sam-Akinkunmi noted that biomass is becoming valuable as an income generator and that people have started to explore what they can do with it.

    “We are into the palm oil and palm nut value chain, where we derive products from the palm oil tree. Our primary business has been processing palm nuts into palm oil and palm kernel cake.

    “Recently, we started processing our palm kernel shells into biomass briquettes for industrial applications, grilling, cooking and for local charcoal uses.

    “We intend to service a range of industries with the launch of this product into the market; people who need industrial heating, fire place and boiler applications, steel furnaces, grilling restaurants, hotels and homes.

    “Golden Seeds is ready to support the Federal Government in its charcoal export policy. We are working with relevant government agencies with regard to export, to enable us earn forex and grow the economy,” he said.

    Sam-Akinkunmi said briquette charcoal is a substitute for the traditional tree charcoal, describing it as efficient, consistent, long-lasting and beneficial to the environment.

    “So, from our shells, we converted directly into the same charcoal; but we have a higher calorific value in terms of heat value and minimal ash, it is a smokeless fuel that generates bluish flame.

    “Its impact on the environment is renewable and at zero level. We are test running the product in a few weeks before we roll out to all the retailers and shops.

    “We are working to get the product into the export market as well. We are futuristic that the government will look at the product and consider it not as a tree product.

    “We will be getting into contract to produce for private labels as well.

    “Also, we have plans to increase our production capacity and help the smallholder farmers, who supply us with the shells.

    Sam-Akinkunmi stated that the company was producing 400 metric tonnes of the charcoal briquettes, noting that charcoal has a good market in Nigeria.“The industry is facing a huge clampdown, specifically with the ban on charcoal export because of the predominant source of the commodity,” he said.

    He stated that Nigeria still ranked among the top five charcoal producers globally, but had not been regulated like in most parts of the world, with the exception of America and France.

    Sam-Akinkunmi said there is a huge market for briquettes and the company was talking to retailers in Kuwait, Jordan, Oman, Middle East and North Africa.“A lot of North African countries are exporting to Egypt, Morocco, Jordan, Lebanon and others.“Saudi Arabia alone does about $80 million worth of charcoal annually, while South Africa does about $54 million worth of the commodity because they have a grill and soul food culture.

    Globally, the oil palm industry generates the largest amount of biomass. It was projected to hit more than 100 million tonnes last year.

    At present, the international market is increasing, the global biomass briquette market was valued at $320 million in 2017. It will reach $570 million by the end of 2025.

     

     

  • Closing Nigeria’s digital access gaps

    Closing Nigeria’s digital access gaps

    Access to telecom services continues to elude millions of Nigerians. At the last count, no fewer than 217 clusters of access gaps were identified. The figure has, however, been narrowed down to 114, which is still huge when the numbers of the digitally ‘disenfarchsied’ is considered. LUCAS AJANAKU reports that ICT Parks could bridge the deficit and promote digital inclusivity if well managed. 

     

    About a decade ago when the telecoms revolution was in its infancy, it was not unusual for people to identify specific points in their living rooms to get connection to telecoms signal.

    In some cases, access could only be obtained at a specific point in a grave yard. People don’t mind as they would carve out that access point and stay there to make calls whenever they wanted.

    Things have, however, changed as investment on base transceiver stations (BTS), optic fiber cables and others has become ubiquitous with far reaching impact on quality of service (QoS). But the Nigerian Communications Commission (NCC) which has succeeded in bringing access gap clusters down from 217 to about 114, representing 40 million and 25million respectively, said it plan to build Information Communication Technology (ICT) Parks across the six-geo political zones of the country to close the gaps.

    The initiative has received the commendation of the Kano State governor Dr. Abdullahi Ganduje. The governor spoke when he visited the site of an ongoing construction of an ICT Park by the Commission for the Northwest zone located in the ancient city.

    The governor acknowledged the efforts and commitment of the Prof Umar Danbatta-led NCC in ensuring increased digital access for fast-tracking digital innovation across Nigeria and the Northwest in particular, saying the initiative will trigger socio-economic transformation of the area in no distant future.

    Ganduje said: “Realising that a major project that resonates with the global vision for the 4th Industrial Revolution (4IR) is being vigorously driven by NCC leadership shows the kind of socio-economic transformation we should expect through ICT across Nigeria in the next few years.

    “For the ICT Park being built here in Kano to serve the Northwest zone, the government and citizens of Kano State are grateful to Prof. Danbatta and his team for bringing development to the state and the zone at large.”

    He also applauded the quality of the construction work being undertaken by the NCC on the ICT Park and expressed appreciation for the foresight of the NCC for accommodating an expansion plan at the project site.

    Already, three ICT Parks in Katsina, Gombe and Ibadan are  being constructed by the NCC  as parts of efforts to digitalise the economy.

    NCC Chairman, Prof. Adeola Akande said: “The NCC, through the Universal Service Provision Fund and the telecommunication companies, are undertaking many projects to boost telecoms service.

    “All these programmes are designed to meet the objectives of President Muhammadu Buhari who re-designated the Ministry of Communications as Ministry of Communications and Digital Economy. A digital economy is impossible without the widespread availability of telecommunications services and a population that is literate in ICT.”

    Akande said the Commission is also working on other projects to improve the welfare of society.

    “We have endowed a professorial chair on Telecommunication Studies at the University of Ibadan”. We are constructing a Knowledge Service Centre at the Emmanuel Alayande College of Education in Oyo and we shall soon begin work on an ICT park in Ibadan costing N500 million. We are also bringing campus-wide internet service to the Oke Ogun Polytechnic.

    “Many secondary schools in Ogbomoso, Oyo, Ibadan, Ibarapa and Oke Ogun will benefit from the Knowledge Service Centres to be constructed by the USPF and NCC this year.

    “In the past few months, the Ministry of Communications and Digital Economy has trained hundreds of thousands of youths in telecommunication services. The NCC will complement this effort with training programme for youths in Digital Job Creation across the country,” he said.

     

    Project cost, scope

    Prof Akande said the Ibadan Park, for example, would cost N500 million.

    Each ICT Park will provide Innovation Labs and Digital Fabrication Laboratories (Fablabs) for use by ICT innovators and entrepreneurs to turn their ideas into products and prototypes.

    The Tier-4 Digital Industrial Complex (DIC) will provide a Commercial Hub for ICT capacity building and digital skills create employment and entrepreneurial activities and facilitate smart city deployment across the Digital Industrial Complex.

    The ICT Park consists of laboratories for ICT innovations and Commercial Hubs providing capacity building to ICT startups and entrepreneurial activities in each of the zones.

    The parks are designed to provide fast internet service (broadband) and constant power supply.

    A typical ICT park comprises an area or location with concentration of all ICT facilities, which enables a concerted effort to leapfrog into the digital age by creating a dynamic environment in which local talent is incubated, cultivated, and shared. Analysts say ICT parks are best trusted institutional mechanism to address the needs of technology-intensive, knowledge-based Micro, Small and Medium Enterprises (SMEs).

    The NCC ICT Parks, which are being built across the six geo-political zones of the country, involve the construction and equipping of fully-functional Tier-4 Digital Industrial Complex (DIC) in each of the six geo-political zones of the country.

    The parks will also provide a Commercial Hub for ICT capacity building and digital skills; create jobs and entrepreneurial activities; and facilitate smart city deployment across the Digital Industrial complex.

    Prof Danbatta said the project was conceived and designed to support the Federal Government’s ICT-related policies and programmes by facilitating the availability and accessibility of ICT services across the country, promote their usage across all sectors and ultimately address youth unemployment in the country.

    Designed to propel socio-economic transformation, he said the ICT Parks will help build capacity for the teeming population of youths in the area of skill acquisition and innovation by complementing existing initiatives geared towards accelerating socio-economic transformation of Nigeria.

    “The whole idea of putting these two things (skill acquisition and innovation) at the forefront of this very important initiative is to produce youths that can be self-reliant, generate employment for themselves and for other Nigerians,” he said.

    Danbatta said based on its national structural spread, no part of the country will be left out as beneficiaries of the initiative. “The NCC ICT Parks Project is another move by the  leadership of the Commission to boost youth digital skills acquisition, promote innovations, provide jobs for the teeming youths and, ultimately, support the overall digital economy agenda of the Federal Government.

    . “We also hope to see innovative technologies that will leverage the broadband network, which the Commission is deepening in order to socially and economically transform our communities and societies,” he said, urging potential beneficiaries of the project, especially the youths, to be ready to leverage the initiative as it promises to empower them socially and economically.

    “I would like to send out a very important message to our youths, especially those who are currently occupied with various innovative applications, those who have acquired the skills but are looking for where to put the skills fruitful engagements, by incubating them, commercialising them, or giving publicity to these excellent initiatives, to be ready to leverage the facilities,” he said.

     

    Why ICT Park?

    Under the Nigerian Communications Act 2003, the NCC is saddled with “Designing, managing and implementing Universal Access strategy and programme in accordance with Federal Government’s general policy and objectives thereon.”

    Accordingly, the Commission is supporting the Federal Government’s policies such as the National Digital Economy Policy & Strategy (NDEPS), 2020-2030; the Nigerian National Broadband Plan (NNBP)-2020-2025; the National Policy for the Promotion of Indigenous Content 2021; the NCC’s Strategic Management Plan, 2020-2024 and its soon-to-be-unveiled second Strategic Vision Plan (SVP) among others by embarking on ICT Park Project.

                       

    Challenges

    One of the challenges that may confront successful implementation of the project is timely release of land for citing the project. For so long, the release of land by state governments was a major drawback to the completion of NCC Emergency Communication Centres. Before Dambatta took over, land allocation for ECCs was a major challenge.

    Another challenge is sustainable management model especially in the provision of electricity and other equipment. Though generators would be provided, this may not be enough. The government must therefore explore the use of alternative energy supply such as solar.

     

    National spread

    Shedding more light on the ICT Park project, Danbatta, who spoke during a visit to Maiduguri, Northeast geo-political zone where one is being built, said the NCC decided to embark on the important project “which will see ICT parks decentralised in all the six geo-political zones of the country.”

    He said the Commission is starting with four zones at the moment. These include the ones located in Abeokuta for the Southwest; Enugu for Southeast, Maiduguri for Northeast and Kano for the Northwest.

    The projects, he said, are being implemented with a view to building capacity, exposing Nigerian teaming youths to capacity building initiatives in the areas of skills acquisition and innovation.

    Danbatta said the project, which is consistent with global best practices, has targeted areas of in each of the zones with large concentration of youths.

    He promised that, because of its design to have a national spread,  the Commission would ensure that no part of the country is be left out of the initiative but added every corner of Nigeria will see the initiative taking up, of course, at different times.

    Expectations

    Speaking on the expected tech fruits from projects, Danbatta said: “As I said, we have four ICT parks, which are at different stages of development. Going forward, we hope to see software development, incubation, including, even, hardware development. Above all, through NCC ICT Parks, we hope to see innovative technologies that will leverage the broadband network the NCC is trying to deploy in order to socially and economically transform our communities and societies.”

    Boost for digital economy

    As NCC deepens broadband access towards achieving the 70 per cent broadband penetration set for 2025 by the Federal Government, the Commission, through the ICT Park, will build a pool of digital skills and literacy in line with the country’s National Digiotal Economy Policy and Strategy, unveiled by President Muhammadu Buhari in 2019.

    “As you may be aware, one of the eight pillars of the NDEPS is Digital Skills and Literacy and in this regard, NCC is supporting this critical pillar of the digital economy agenda. This is because, when we provide resilient broadband infrastructure platforms, there is a need for us to encourage local technology products and applications that will ride on the infrastructure toward developing the country’s overall socio-economic ecosystem in a sustainable way,” he said.

    Asked when the projects will be ready for commissioning, Danbatta said he just visited the Kano Park to examine the level of progress of the project while the other three ICT Parks being built in Maiduguri, Abeokuta and Enugu are also at different levels of completion.

    “So, going by the level of work already done, I would like to say that before the year runs out, al other things being equal, we should be able to commission one or two of these ICT parts in the country,” he said.

    Youths’ empowerments

    Danbatta further explained the huge opportunities which the ICT Parks will bring to would-be beneficiaries of the project among the Nigerian youths.

    “I would like to send out a very important message to our youths, especially those who are currently occupied with various innovative applications, those who have even acquired the skills and are looking for where to put these skills to bring the skills to fruition by, maybe, incubating them, by commercialising them, by giving publicity to these excellent initiatives, that there is going to be a centre in the ICT Parks.

    “These centres would be used to showcase their innovations to the global community and very soon, there is light at the end of the tunnel, these various initiatives by the youths in areas of apps, various software products developed and other initiatives, will see t light of day.

    “This is  because, as I said, we are going to have a centre where we are going to be able to showcase this, not only to potential investors in this country but also to the international audience, who definitely will be interested in some of these important applications that, we hope, we can come up with,” he said.