Category: e-Business

  • Stakeholders seek govt’s support for leather industry

    Stakeholders seek govt’s support for leather industry

    Leather industry stakeholders who attended the Southsouth Leather Industry Exchange (SSE) virtual forum have called for efforts in the development of policies between governments and the private sector.

    The event organised by the Centre for Business Innovation & Training (CBiT), in collaboration with a consortium of national leather associations, had as its theme ‘Advancing Africa’s leather industry through southsouth collaboration’.

    Experts discussed effective policies in the region that have seen the leather industry in some countries generate more value across the value chain while highlighting nationalistic policies that have left other countries less competitive.

    In his the keynote address, the Executive Director, Africa Leather and Leather Products Institute (ALLPI) Prof. Dr.Mwinyikione Mwinyihija, said policies should ensure growth and development are measurable, scoped and address the expectations of industry stakeholders.

    Mwinyihija lamented that policies were nationalistic, thereby blocking regional integration and synergy among stakeholders.”Nationalistic policies are very slow at creating skills, unlike regional policies that encourage competition & growth of skills. In countries where policies are geared at ensuring local companies get an unfair advantage over competitors many at times their capacity to create value and ensure the capability to support capacity is inadequate,” Mwinyihija warned.

    Referring to policies undertaken in the Egyptian and Ethiopian leather industry speakers at the forum pointed at the importance of having an industry-led policy development mechanism including incentives for stakeholders to create synergy through leather parks and cities.

    The Leather Council of Egypt President, Mahmoud Mohamed Sarg, told participants that his country, which has created the largest leather hub in Africa and the Middle East, had provided incentives for tanneries to move out of Cairo to the Robbiki leather city with free land and compensation for damages during movement.

    The association stressed the need for goodwill from the government to ensure new policies solve logistical problems, access to finance, base the local market, solve input problems and demand quality assurance through continued  skilled development.

     

     

    “In Ethiopia’s fourth policy phase for the industry our association and Leather Industry Development Institute (LIDI) have teamed on four sector focus areas to provide technical support, conducting research and development, providing consultancy services to leather and leather products producers and constant human resource development programmes with the university and TVET linkage,” said Daniel Getachew, Secretary-General, Ethiopian Leather Industries Association.

    He added:  “If all measures and policies are agreed upon by member states, the sector will contribute more with a positive socio–economic impact through the targeted market share in states.’’

     

  • How to Participate in the Bitcoin Revolution

    How to Participate in the Bitcoin Revolution

    Since bitcoin was launched in 2009, there have been several cryptocurrencies introduced. However, bitcoin has been the most successful cryptocurrency to date and has gained authority in the industry. Investors have also found it to be a great investment opportunity and following its track record over the years, there is so much more to expect from this digital currency. If you’re thinking of how to participate in the bitcoin revolution that will be happening in the next few decades, here are a few ways to go about it.

    Accept and Purchase Bitcoins

    If you are an entrepreneur, the easiest way to play a part in the bitcoin revolution is to start accepting bitcoin payments. Many businesses today are beginning to accept bitcoin as a form of payment through a merchant solution. This includes high-profile businesses such as Amazon, Tesla, and Microsoft and a 2020 survey by HSB reveals that 36% of small-medium businesses in the US accept Bitcoin. You can also purchase bitcoin through bitcoin exchanges such as the https://bitqt.org/. These platforms are designed to help you store your money in bitcoin and also easily trade it.

    By accepting and purchasing bitcoin, you will be contributing a great deal to the use and spread of the cryptocurrency.

    Engage in Services for Bitcoin

    You can engage in services for bitcoin to contribute your part to the spread of bitcoin across the world. Some individuals and businesses have created digital and hardware wallet services to help users and investors of bitcoin store the coins efficiently. This has made it easier for more people to trade and invest in bitcoin since they can now do it with a few clicks. There are also bitcoin payment processors or bitcoin exchanges that work by processing payments on behalf of vendors.

    The idea is to make the process easier for everyone regardless of their level in the investment world. If you can contribute to that, you will be playing a huge role in the revolution of bitcoin in the long run.

    Invest in Bitcoin

    The investment market has been making the news lately and one of the most discussed topics is cryptocurrency. Investing in bitcoin has huge advantages, as the price is volatile and it is also not regulated by the government or any institution. If you are looking for great investment opportunities, bitcoin should be one of your options. Early investors in this cryptocurrency have good news about the returns today and would encourage even more people to invest in it for the long-term.

    The Bottom Line

    There are several ways to contribute to the bitcoin revolution, some of which have been highlighted in this article. The idea is to play your part in ensuring the growth of bitcoin and also the increase in demand and value over the next decades. You could also provide solutions for bitcoin acceptance to help more people understand how it works and leverage it to their advantage.

    While bitcoin might seem to be making the news today, there’s still a large gap in the number of users and non-users. It gets better from here but you can also be a part of the revolution.

  • Fast-tracking entrepreneurship

    Fast-tracking entrepreneurship

    Despite the coronavirus pandemic, the Nigeria’s entrepreneurship witnessed growth last year with the rise of new start-ups and fresh entrepreneurs, DANIEL ESSIET looks at the outlook of the sub sector in the year.

     

    SOME entrepreneurs will play a key role in the year providing young people with access to employment and micro-business opportunities in Nigeria. One of them is the Chief Executive, One Kiosk Adeshina Adewumi. An entrepreneur who has built many businesses from the scratch, he is a consultant to many start-ups.

    An online platform, One Kiosk connects store owners with customers based on their location. The company, which started in 2019, targets merchants range from informal retail players to medium-scale supermarkets. The system has been able to grow revenue for merchants and then capture their sales data to make them eligible for credit.

    Chief Executive Officer, TalentQL, Adewale Yusuf, has over 10 years’ experience in visual storytelling through photography and technology. He started as Publisher, Techpoint.africa, a media platform dedicated to startups, entrepreneurship, innovation, and technology in Africa.

    Lagos has a bubbling tech ecosystem with the majority of the country’s most innovative startups having a presence in it. The Centre of Excellence has the highest paid developers. TalentQL is ensuring that it breeds tech talents that live outside Lagos.

    Yusuf enlisted the help of co-founder of cloud-hosting company, Whogohost; and Jobberman, one of Africa’s largest online recruitment firms and Sultan Akintunde to build TalentQL.

    Akintunde is the founder of the non-profit tech accelerator, DevCareer, which pools funds to buy laptops for up-and-coming developers and guide them on a path to proficiency. For now, the company’s focus is on engineering talent, but with time, it will expand into other areas like design and content.

    Before he left,Techpoint.africa added an academy, coaching business owners to help them on how to grow. He specialises in helping business to business (B2B) firms get more leads, clients and sales by leveraging his growth strategies.

    Yusuf said the demand for technology professionals such as software engineers and developers has been on the rise as the remote working model accelerated the adoption of digital technologies.

    Founder & Mum-in-Chief, Baby Grubz Seun Sangoleye, is an entrepreneur to watch. She is an experienced nutrition educator and manufacturer of packaged infant meals and snacks made from grains, fruits and vegetables called Baby Grubz Nigeria ®, a social enterprise based in Lagos, with operations in Ghana and Togo. She creates income opportunities for women.

    Last year, she won first place in the Global Scaling Up Nutrition (SUN) pitch. Founded by Seun in 2013, Baby Grubz processes cereals for children under five. With a wide product variety range, including ground brown rice cereal, banana and dates, sweet potato cereal, Baby Grubz works with over 300 women across the country.

    The founder and Chief Executive, Chanja Datti, a waste collection and recycling social enterprise company based in Abuja, Olufunto Boroffice is an entrepreneur who is ready to make a difference.

    Since the company’s establishment, it has been responsible for diverting three million kg of recyclable waste from landfills in the Abuja metropolis. They have been able to do this by creating 200 green jobs and expanded their manufacturing capabilities, allowing them to recycle 10 tons of plastic film monthly into recycled resins for production of recycled poly bags and construction materials.

    Olufunto holds a Masters in Financial Management from Pace University’s Lubin School of Business in New York and a Bachelor of Accounting and Finance from Northeastern University in Boston where she graduated cum laude.

    Founder of Hotels.NG, Mark Essien, has established many businesses. Hotels.NG serves hotels and customers across the country with plans to expand across Africa.

    Iyinoluwa Aboyeji is the co-founder of Andela. A former managing director of Flutterwave, a business building payments technology and infrastructure to connect Africa to the global economy, he is passionate about partnering missionary talent and capital to build an African future.

    Aboyeji, a 2016 Quartz Africa Innovator, is up to something.

  • Driving digital inclusivity for growth

    Driving digital inclusivity for growth

    About two decades after the famous telecoms revolution, no fewer than 114 access gap clusters still exist in the telecoms industry. While closing this gap will open potential revenue source for the Federal Government, it is also be an investment opportunity for mobile network operators. LUCAS AJANAKU writes on the daunting challenges ahead.

     

    THE findings of the International Telecommunication Union (ITU) and United Nations Children Education Fund (UNICEF) are grim and astonishing.

    The report said at the height of nationwide lockdowns due to the COVID-19 pandemic, up to 1.6 billion children were affected by school closures, causing the largest mass disruption of education in modern history.Yet, even before schools shut their doors, one in five school-age children (three to 17 years old) was out of school, and even children in schools were not necessarily learning, with 617 million children and adolescents globally failing to reach minimum proficiency levels in reading and mathematics.

    To address these gaps, more than 90 per cent of the world’s education ministries have adopted some type of remote learning policy, and stakeholders have sought to “reimagine education” by harnessing technology.

    However, 2.2 billion – or two-thirds of children and young people aged 25 or less – do not have internet access at home, according to the How Many Children and Youth Have Internet Access at Home report, a joint effort by UNICEF and the ITU.

    Using the latest available household survey data, the report found significant inequities between countries, regions, wealth groups and urban-rural settings. For example, only five per cent of children and young people in West and Central Africa have internet access at home compared to the 33 per cent global average.

    Differences are starker yet between rich and poor countries, with only six per cent of children and young people in low-income countries having internet access compared to 87 per cent in high-income countries.

    Significantly expanding access to telecoms services and internet access is vital for ensuring that children and youths learn and acquire the knowledge and skills they need to support a sustainable future, the global bodies said.

    In Nigeria, the Nigerian Communications Commission (NCC) Executive Vice Chairman/Chief Executive Officer(CEO), Prof Garba Dambatta, said access gap clusters in the country have been reduced from 217 to 114 enabling 15 million people to have access to telecoms services.

    Through the Universal Service Provision Fund (USPF), a special purpose vehicle mandated by law to promote the widespread availability and usage of network services and applications services throughout the country by providing funding through subsidies and grants for the provision of network facilities and network services as well as application services to rural, unserved and underserved areas or to underserved groups within an institution or a community, access gaps are bridged.

    The Federal Government had unveiled the National Broadband Plan (2020 -2025) with ambitious targets, the National Digital Economy Policy and Strategy (2020-2030) while the NCC unveiled the Strategic Management Plan (2020 – 2024). This is in recognition of the tremendous growth opportunities afforded by the deployment of broadband and its associated technologies. But how does the Commission intend to provide universal access to the whole country?

    “In order to strategically coordinate and align resources and actions to better achieve the mandate of the commission and facilitate the emergence of a knowledge based economy in Nigeria, we developed a strategic vision plan (SVP) 2015 – 2020, premised on eight pillars referred to as the Eight-Point Agenda,” Dambatta said.

    He said broadband penetration increased from six per cent (2015) to 45.07 per cent (Nov 2020) while optic fibre cable (OFC) transmission cables increased from 47,000 km to 54,725 km. Similarly, VSAT Gateway Earth Stations were licensed to provide broadband capacity – MTN (three), MainOne (two) and Viasat (two).

    Already, six infrastructure companies (InFraCos) have been licensed to add  38,296 km of OFC to the transmission infrastructure.

    It is also re-planning the 800 megahertz (MHz) Code Division Multiple Access (CDMA); re-farming part of 1800MHz; administrative assignment of 700MHz; 2.6gigahertz (GHz). 14 slots has already been auctioned with six won by MTN, Airtel (four) and Open Sky (two).

    Hurdles to inclusivity

    Multiple taxation/regulation, right of way (RoW), power supply, damage to telecoms infrastructure during road construction, wilful vandalism and insecurity

    Dambatta said these had been major challenges bedeviling the industry. It has affected the deployment of infrastructure and the expansion of telecoms services. However, the Commission is engaging with relevant authorities to harmonise these taxes and regulations.

    The improvement of power supply to the sites of MNOs will have the dual e ffect of reducing operating costs and improving QoS delivery.

    He said efforts at harmonising  RoW charges via engagement with the Ministry of Communications and Digital Economy and the Nigeria Governors Forum (NGF) has led to the adoption of a maximum of N145/m RoW fees in Kaduna, Katsina, Imo, Ekiti, Kwara and Plateau states.

    The high RoW charges across different states of the federation have negatively impacted the required expansion and rollout of OFC across the country. Harmonisation of charges will increase investment and expansion of critical transmission infrastructure.

    On vandalism, he said the passage of the Critical National Infrastructure (CNI) Bill will classify telecoms infrastructure across the  country as critical national assets. “This will improve the security of the infrastructure. Construction of roads with fibre optic ducts pre-laid will also reduce incidence of vandalism and theft,” he said.

    On national security, he said one of the key objectives of the Commission as enunciated in the NCA 2003 is to promote and safeguard national interests, safety and security.

    “Therefore, the Commission is facilitating the provision of industry field data to Law Enforcement Agencies (LEAs) on quarterly basis, to aid geo-location capabilities and investigations of telecoms related activities.

    “NCC is collaborating with National Identity Management Commission (NIMC) on integration of SIM registration with its database – To this end we’ve issued direction on suspension of SIM registration in December, 2020,” he explained.

    Another is providing porting statistics from the Mobile Number Portability (MNP) management records via the MNOs Clearing House.

    The Emergency Communications Centre (ECC) for reporting of emergencies using the toll-free line number 112.

    The Commission has positioned itself in Government drive for a digital Nigeria, as contained in the Nigerian National Broadband Plan (2020 -2025), the National Digital Economy Policy and Strategy (2020 -2030) and the Strategic Management Plan (2020 – 2024) of the Commission. This is in recognition of the tremendous economic growth opportunities afforded by the deployment of broadband and its associated technologies

    The Commission will continue to put in its best in the discharge of its mandates, especially in facilitating the deployment of broadband, which is central to diversifying the Nigerian economy and national development.

    “Also, it is our belief that the communications industry, under the leadership of the Ministry of Communications and Digital Economy, will experience more quantum leaps and retain its current leadership role in the telecoms space,” he said.

     

  • ‘Digital platforms provide survival skills’

    ‘Digital platforms provide survival skills’

    Lucas Ajanaku

     

    THE Head, United Kingdom Government’s Digital Access Programme and Country Adviser, Idongesit Udoh,  has said COVID-19 has shown that digital skills is a must have for people to survive in this age.

    Speaking at the signing of a training programme deal between Technology for Social Change and Development Initiative (Tech4Dev) and the Foreign Commonwealth and Development Office (FCDO) in Lagos designed to carry out Basic Digital Literacy for Rural Clusters in Northern Nigeria, he said people who don’t have digital skills have been excluded, adding that it will build survival resilience to this pandemic and future pandemic.  He described digital skills as sustainable skills for survival.

    The programme is meant to introduce learners in underserved communities and vulnerable groups in the northern part of the country to digital literacy, with the intent of equipping them with the basic digital knowledge required to succeed in the 21st-century and the emerging new normal from the COVID19 pandemic.

    The Basic Digital Literacy for Rural Clusters in Northern Nigeria programme aligns with the Sustainable Development Goals (SDGs) 1, 4 & 10 (no poverty, quality education and reduced inequalities). By investing in digital literacy for vulnerable people living in rural clusters in Northern Nigeria, allows for the reduction in the poverty index by increasing employability of the beneficiaries and closing the digital skills gap of needed in the digital economy.

    He said: “Nigeria’s National Broadband Plan, Nigeria’s Economic Sustainability Plan as well as Nigeria’s Digital Economy Strategy have identified digital skills as key to economic prosperity for all Nigerians. With COVID19, digital literacy has become a must-have. Hence, the UK Government is once again demonstrating timely support not only for Nigeria’s inclusive economic development but also in building effective COVID-19-related resilience. This project is already helping to close the digital divide, enable inclusive digital access and build communities’ resilience to current and future pandemics.”

    He said the initiative was designed to directly impact 1,000 beneficiaries, over a 12-week period in 10 rural clusters, across 10 states in the north. It is also targeting 50 per cent of the beneficiaries to be vulnerable women and girls (aged between eight and 18; 45-65), 30 per cent being persons with disabilities (PWDs) and 20 per cent individuals of other vulnerable groups.

    Also speaking at the virtual media briefing, Executive Director at Tech4Dev, Diwura Oladepo,  stressed the need to increase the number of digital literate vulnerable populations and people living in underserved communities in Northern Nigeria.

    She said: “It has become pertinent, especially on the path of the new normal, to focus on digital literacy allowing vulnerable populations to leverage technology for commerce, education, communication, improve their socio-economic recovery, pandemic resilience, and build a more prosperous future.”

     

     

  • VerifyMe is technology solutions company of the year

    VerifyMe is technology solutions company of the year

    Leading identity verification and Know-Your-Customer (KYC) technology company, VerifyMe, has won the award for Technology Solutions Company of the Year at the 2020 BusinessDay Nigeria Business Leadership Awards.

    VerifyMe joined a list of 33 companies and eight CEOs recognised for their remarkable leadership and sustained commitment to excellence in enterprise.

    According to BusinessDay Media Ltd., organisers of the Awards: “the criteria for vetting was based on a balanced scorecard that assigns weighted averages to leadership, innovation, market share, process improvement, financial performance, employee job satisfaction, social and environmental focus and compliance with extant regulatory requirements.”

    Founder/chairman Verifyme Nigeria, Olutunji Oluwole, said: “We are humbled to be recognized as the Technology Solutions Company.

    “This award is a fitting cap to what has been a very unique year for us at VerifyMe.

    “Amid the highs and lows, it has also be a year of remarkable growth both in terms of transaction volumes and other indices of our business.”

    “VerifyMe is driven by the vision to enable industry growth through trust. This award re-inforces our commitment to this vision and we thank BusinessDay for this recognition even as we set our eyes to transforming the verifications landscape across Africa in the coming year,” he added.

    VerifyMe provides digital trust infrastructure to the financial services sector and other industries using the most authoritative Nigerian ID data sources such as namely, National Identity Number (NIN), Bank Verification Number (BVN) and Driver’s License.

    All verifications are compliant with Central Bank of Nigeria (CBN) Tier III and Anti-Money Laundering (AML) directives, giving decision-makers the right tools to assess suitability for financial services and employment.

    Despite a challenging year due to the COVID-19 pandemic, VerifyMe has seen significant growth with verification transactions increasing 50% and total transaction volume by 100% since January. Over 30% of commercial banks also use their products, in addition to over 60 lenders and micro-lenders supported by the company’s APIs.

    Looking to transform the verifications landscape across Africa, VerifyMe plans to control 50% of the market by revenue and conduct over two million verifications monthly by the end of 2021.

    The company was recently appointed as one of the private sector technical partners to carry out National Identity Number (NIN) enrollments by the Nigerian Identity Management Commission (NIMC).

  • Softwork launches tech platform for job seekers

    Softwork launches tech platform for job seekers

    By Dayo Mustapha

    Softworks Limited, a software development company on Friday announced the re-launch of Softworks.xyz, a platform designed exclusively to solve the unemployment amongst young Nigerians by connecting freelancers with tech and design service seekers to collaborate and get work done.

    Through Softwork, businesses and individuals can hire freelancers with graphic designing skills, websites and mobile app development, and digital marketing.

    The tech innovation is the first of its kind in the nation’s media and technology space created specifically to benefit skilled and qualified Nigerians seeking employment.

    CEO of Novarick Homes and Co-founder at Softworks, Noah Ibrahim, explained the initiative is to move away from the large, untargeted job market to tailored services that address the specific needs of the employer by bringing freelancers together in one place.

    READ ALSO: Nigerians urged to seek jobs in $40b global blockchain market

    He also stated by relaunching this software, steps are taken in the right direction to solve the unemployment problem.

    According to him: “Unemployment is prevalent in our society today. Owing to the pandemic, the statistics of unemployment surged to the highest we have seen in recent times.

    “For this reason, we sought out an innovative way to solve this problem. The demand for some certain skills is currently on the rise, our mission is to create a hub where employers can access the skills that they need in their organization by connecting them with freelancers.”

    Through this platform, employers will be able to engage directly with freelancers by simply assessing their competence in certain skills using performance ratings, completed jobs and peer testimonials.

    This will allow businesses to access people with specific knowledge and understanding unique to certain job functions that would normally be difficult to find during recruitment processes like blockchain Programmers or software developers in highly specific coding languages.

  • Providing affordable   technology education

    Providing affordable technology education

    The Chief Executive, Utiva, a technology education entrepreneur, Eyitayo Ogunmola’s passion is to provide excellent education, DANIEL ESSIET reports.

     

    He established Utiva as a one-stop-shop for technology education. His objective is to offer youths digital skill training in product management, design, data analytics, artificial intelligence and digital marketing.

    For Eyitayo Ogunmola, the Chief Executive, Utiva, the two challenges faced by education were access and quality. While these created a demand for educational institutes, the supply of good quality resources lagged far behind.

    Last year, Utiva launched five new programmes: product design, digital marketing, project management, career starters programme, and artificial intelligence. So far, these have helped over 3,000 students develop the capacity to thrive in the workforce.

    Also, the startup got into the Facebook Community Accelerator, Unleash, and MIT Solve. The firm won the JICA award. Supported by the Japanese Government, it launched the Nucleus, a self-paced learning device that is independent of the Internet, expanded into over 30 cities across the world, inaugurated Wunming Scholarship for persons living with disabilities and provided internship opportunities in partnership with Unilever.

    He added: “Our team grew to 25 amazing folks. We launched our Utiva Talent Fellowship programme. We established a fellowship programme that incubates young folks and equips them with the much-needed skills. We initiated the FeTech Scholarship for Women in Tech and launched our presence in the UK.”

    Ogunmola holds a Masters in Business Strategy, Leadership and Change from Heriot-Watt University. He is a MIT Solve Entrepreneur, 2020 Facebook Accelerator Leader, Halcyon Incubator Fellow, Global Good Funds Fellow; Chevening Scholar, and Atlas Corps Fellow, 2019 Unleash Talent.

    In 2019, Eyitayo was nominated for the Future Awards Africa in the Education category and the Tech Times Africa Awards in the CEO category.

     

  • Making living from skin care

    Making living from skin care

    The Chief Executive, Derek Tower Industries Limited and Image Talk Africa, Derek Tower Umoh, has delved into a beauty care subsector and is making a success of it, DANIEL ESSIET reports.

     

    For years, Chief Executive, Derek Tower Industries Limited and Image Talk Africa, Derek Tower Umoh, has been into projects that  changes lives.

    His words: “I have a capacity for combining vision, ingenuity, and strong business decision making with well-developed leadership qualities that support projects, products, and programme launches, positioning people and organisations for significant success.”

    He got results. “I started Image Talks Africa in 2018, an human resources and capacity building organisation that has assisted over 1,200 career professionals to access jobs through the development of tailored CVs/resumes, not just in Nigeria but also for clients in the United Kingdom, Canada, South Africa, Pakistan, Australia and India. I have conducted employability workshops and interview prep programmes for fresh graduates,” he said.

    Knwoing that demand for natural products has grown in Nigeria as more people become conscious on the use of chemical-free products, Umoh has delved into the natural beauty space.

    He has also established an organic skincare products firm, sourcing raw materials from the nation’s rich agricultural resource.

    He sees it as an opportunity to produce quality products as it is every Nigerian’s dream to have flawless skin.

    A graduate of Computer Science,University of Uyo, Akwa Ibom State, Umoh‘s brand  specialises in luxurious organic skin care products, which are not only non-toxic and paraben-free, but also environment-friendly.

    As a local brand, at the initial stage, contacts with clients used to be personal. This gave him a fair idea of how each product.

    Being a startup, he has seen that making a brand switch is quite a challenge. However, since the products are developed using natural ingredients, essential oils and herbal extracts, it enabled the firm to stand out from the crowd. This and oral recommendations by people have helped the company differentiate itself from others.

    For him, organics is the only way forward with the global skin care products market size projected to reach $183.03 billion by 2025.  Umoh hopes to increase its market share globally.

    He believes things are changing, with young Nigerians becoming ever more ambitious, and a greater range of resources to support those pursuing entrepreneurial dreams, including more formal funding structures that are more receptive to small business owners.

    He said: “I’m inspired by creative innovations that provide people centered products and services that meet real needs.”

    What has been Umoh’s most satisfying moment in business? His response: “Each time my ideas click, I experience a rush of joy. Each time I receive happy customer feedbacks. Each time I finish developing a product or service idea. Each time I complete a project.”

  • Touching subscribers’ pain points

    Touching subscribers’ pain points

    Last year, the cost of data was ‘reduced by 50 per cent’ while the rate of its depletion shot up to about the same percentage, taking away the gains of the regulatory intervention. The regulator has promised to unearth the reasons for the data depletion. But considering the impact of broadband on economic transformation, there’s the need to race faster, LUCAS AJANAKU reports.

     

    I am yet to see the impact of the 50 per cent data reduction. I now switch off my data any time I want to go to bed because I pay more for data. In the past, I spend N1000 monthly but now, that same cash hardly lasts me for two days,” Mr Bisi Onanuga lamented.

    Onanuga is but one out of the over 208 million subscribers in the country that are yet to feel the impact of the regulatory intervention of the Nigerian Communications Commission (NCC) on data cost. The regulator is not unaware of this development as the statement of the Executive Vice Chairman/Chief Executive Officer of NCC, Prof Umar Dambatta has shown.

    “Although the reduction in the cost of data may not completely address the issue of fast data depletion as currently being experienced by subscribers, NCC is considering a new measure that will completely address the issue of data depletion. NCC has instituted a forensic audit on the cost of data, just like we did with cost of Short Message Service (SMS) on a particular mobile operator, where we discovered that the operator unlawfully surcharged its subscribers to the tune of over N100 million and we have asked the particular operator to make refunds immediately and the operator has commenced refund to the affected subscribers. This could have gone unnoticed, if not for the quick intervention of NCC,” he said.

    This and other steps are expected to be taken to consolidate on the gains of the telecoms revolution that began almost two decades ago having recorded regulatory strides despite the economic headwinds occasioned by the outbreak of COVID-19 pandemic.

    The Chairman, Association of Licensed Telecoms Companies of Nigeria (ALTON), Gbenga Adebayo, said government policies will largely determine the growth trajectory of the industry.

    “So, the operating environment remains very high when it comes to telecoms services being seen as a source of internal revenue for states,” he said.

    One area the Commission promised to focus attention on is broadband penetration. The nation achieved 45.93 per cent penetration as at October last year.

    There is a new National Broadband Plan (2020-2025) with 70 per cent designed to deliver data download speeds across the country of a minimum 25Mbps in urban areas, and 10Mbps in rural areas, with effective coverage available to at least 90 per cent of the population by 2025 at a price not more than N390 per 1GB of data (that is two per cent of median income or one per cent of minimum wage).

    According to the World Bank, in higher income countries, 10 per cent increase in broadband penetration yields 1.4 per cent increase in gross domestic product (GDP) growth; for middle income countries, 10 per cent increase in broadband penetration yields 0.5 per cent increase in GDP growth. Mobile broadband has a higher impact of on the world economy than fixed broadband has.

    To realise its set goals, the Commission plans to unveil a new five-year strategic vision plan (SVP) that will provide affective framework for the implementation of an already unveiled Strategy Management Plan (SMP) 2020-2024 by the Commission.

    Upon the expiration of NCC’s initial SVP anchored on an Eighth-Point Agenda, the implementation of which led to increased service availability, accessibility and affordability, another five-year SVP is in the making. Already, the development of the new five-year agenda has reached advanced stage is bound to be unveiled soon.

    Dambatta said the new SVP will ride on the new Strategic Management Plan (SMP) 2020-2024 unveiled in June last year. As a visioning document of the Commission for planning, monitoring, analysing and assessment of the Commission to meet its goals and set objectives, the proposed SVP and current SMP will be fully leveraged by the NCC management for serious improvement in performance matrix and its efforts in accelerating the implementation of the National Digital Economy Policy and Strategy (NDEPS) and the new NBP of the Federal Government.

    The effective implementation of the old SVP by the NCC was instrumental to achieving and surpassing the 30per cent broadband penetration set by the Federal Government by 2018, up from about six per cent in 2015, among others.  Today, broadband penetration has reached 45.07per cent as of November 2020, translating to over 86 million broadband subscriptions across 3G and 4G networks in the country.

    Last year, the Commission constituted a committee to review the framework for the licensing of Infrastructure Companies (InfraCo) and recommend sustainable funding options for effective implementation of the proposed national fibre project, taking into consideration the delays in take-off, change in exchange rate, supply chain and other challenges imposed by the COVID-19 pandemic. The result of this effort is expected to produce a more robust InfraCo framework that will facilitate the deployment of broadband infrastructure across the nooks and crannies of the country, thereby enhancing broadband penetration towards achieving the 70 per cent penetration target of by 2025, increased connectivity and better user experience in 2021 and beyond.

    “The InfraCo project is dear to the government because of its ability to enhance robust and pervasive broadband infrastructure to drive service availability, accessibility and affordability and we hope, with the cooperation we are getting from the Federal Government, through the Ministry of Communications and Digital Economy, will record more inroads in 2021 and beyond with respect to our reviewed InfraCo framework,” he said.

    The EVC had, in October, restated the commitment of the Commission in ensuring that the project delivers maximum benefits for the economy at large, adding that the effective implementation of the InfraCo project and deployment of fifth generation (5G) technology, once the Federal Government gives the approval for deployment, will support the increased connectivity being witnessed in the country and revolutionise the country’s digital ecosystem.

    Another area of NCC’s regulatory focus that will receive increased attention, this year, according to Dambatta, is  the issue of consumer protection and empowerment. Over the years, the Commission has created multiple channels through which it educates the consumers on their rights and privileges, as well as ensures appreciable protection for telecom consumers from unwholesome practices by telecoms licensees and cyber criminals.

    So far, the Commission has contributed immensely to the growth of the economy by ensuring robust telecom infrastructure, making it possible for Nigerians to leverage the Internet and, most especially the social media and other digital platforms to run their daily activities as well as ventilate their views against corrupt practices to ensure good governance in the country.

    Consequently, with the projected increase in the number of individuals, businesses and government institutions relying on broadband infrastructures in keeping themselves connected for personal and official communication activitieswithin the context of the ongoing measures at containing COVID-19 pandemic and social distancing, the EVC said the NCC is committed to consumer-centric initiatives that promote digital inclusion and advance the digital economy vision of the government in 2021.

     

    (VMNO), increasing stakeholder collaboration with more regulatory agencies and other private and public institutions that are needed to support the Commission’s efforts at deepening connectivity at affordability rates and improved user experiences across the nooks and crannies of the country. With this, the telecoms would continue to play even more significant role in the transformation of nation into a more truly digital economy.