Category: Business

  • ISPON chief flays poor funding of research, devt

    President, Institution of Software Practitioners of Nigeria (ISPON), Chris Uwaje, has condemned the absence of investment on research and development in the country, warning that no nation can make progress in technology without investing in it.

    Uwaje who spoke at a workshop organised by the Nigeria Computer Society (NCS) on Computer Science/Information Technology at the University of Lagos.

    He lamented that with about 70 per cent population growth that makes the country to stand at number eight in global rankings of the most populous countries, it is sad that it cannot innovate for the communication technology, adding that the nation ought to earn technology and not to wish for it.

    He said delivering ICT could change the government’s policies, education, and industry through research and development.

    Uwaje charged the Federal Government to fund reserach for the growth of the Gross Domestic Product (GDP), adding that the country cannot be viable enough if it does not invest in research, which would bring about creativity and innovation.

    He said the networked world now demands a workforce that will understand how to use technology as a tool for increased productivity and creativity, adding that the academia, the government and industry should collaborate to establish a national database of teaching resources and a network of facilitators to support and sustain life. He charged the NCS to research on a super computer for the country.

    President, NCS, Sir Ademola Aladekomo, said the workshop was designed to hone the skills and propagate the development of information technology and research.

    He said the group has put mechanisms in place that would spur interest in ICT among youths. This, he said, is through organising competitions for pupils in secondary schools to bring out the best in them.

    Aladekomo decried the dearth of research equipment nationwide and urged the industry to fund the university system for research.

    Prof.Nike Osofisan said every child is a potential researcher and a scientist, adding that parents should expose their children to creativity and technology at a tender age.

  • How solar energy can solve power problem

    Although Nigeria is rich in oil, gas and other natural resources, it still faces serious energy crisis. More than half of the population do not have access to electricity. Those who do do not get adequate supply.This is why many people depend on generators. However, experts say solar energy may be the best alternative. TOBA AGBOOLA  reports.

    In Nigeria, not only is the cost of electricity high, its supply is unpredictable, unreliable and in many cases – unavailable.

    This makes alternative energy solution, such as solar energy vital and critical to our economic development. Recognising this, the Federal Government set up the Energy Commission of Nigeria to coordinate national policies in energy.

    This apex government organ is empowered to promote the diversification of the energy resources through the development and optimal utilisation of alternative energy resources, including solar energy.

    Speaking on the new technology, the Managing Director, Soverign Solar Energy Ltd, an indigenous engineering solutions provider, Dr Felix El-Schaeddhaei, said solar power has the capacity to solve Nigeria’s power problem.

    He advised the Federal Government to key into the advancements made in solar energy, saying doing so would enable the government to provide cost-effective rural electrification with positive environmental impact.

    He said though Nigeria needs adequate supply of energy to drive its economy and power its domestic, economic, technological and social sectors, it has, however, been difficult to meet the energy needs of its citizens by successive governments.

    “Nigeria is blessed with a variety of energy sources in abundance, fossil energy, such as crude oil, natural gas and coal, and renewable energy resources, such as solar, wind, biomass, biogas, and so on. Nigeria’s oil reserve is predicted to be exhausted before the next 50 years, thus it is imperative to pay more attention to renewable energy sources,” he said.

    He stated that by using solar photovoltaic panels of only five per cent efficiency, the country could generate about 600,000mw, from only one per cent of its land area.

    He said renewable energy was always available on cyclic basis, stressing that it would never be exhausted, unlike the conventional energy of oil, coal and gas.

    “As long as there is life in us, solar energy will always be there, everyday. When the sun comes up, solar energy begins to be available. We also have wind as a renewable energy. Wind arises as a result of extra-terrestrial solar heating of the air masses in the extra-terrestrial space; leading to pressure differences, manifesting in the flow of air.

    “We can also tap significant amount of energy from wind. Hydropower as you know is also coming as a result of cyclic activities of the rainy reason. Rivers are there and we can tap. We also have biomass – biofuels; they are all part of renewable energy. They are always available on cyclic basis.

    “If we can learn from Germany and Japan and tailor various market specific programmes aimed at reducing the cost of solar power systems, we will be able to support the growth of the solar industry in Nigeria,” he said.

    He recommended the use of solar energy as a means of tackling the problems of climate change and ensuring a cleaner environment.

    He said solar energy technologies use energy from the sun to provide electricity and even cooling for businesses, industries and homes and is a clean, non-polluting and renewable source that can improve power efficiency.

    What is solar power?

    A photovoltaic panel (or solar panel) is a packaged interconnected assembly of photovoltaic cells also known as solar cells. They are used as components in a larger solar system to provide electricity for civil, commercial and residential applications. The solar system harnesses energy from the sun, and converts it into energy that can be used for multiple practical applications.

    Why solar power?

    Solar technology provides environmental and social advantages over other energy sources. Some of the advantages are:

    • Low energy costs: The sun provides solar radiation for free

    • Low maintenance: Fewer moveable parts means fewer parts can break

    • No emissions: Solar lighting does not contribute to global warming

    • All day; everyday: Solar solutions continue working even if there is a power cut

    • Easy installation: There are no confusing wires – each system is independent.

  • Govt to partner states on oil palm cultivation

    The Federal Government is set to partner states to revive moribund oil palm industry and make it one of the major revenue earners for the country, Minister of Agriculture, Dr. Akinwunmi Adesina, has said.

    Adesina disclosed this at the inauguration of oil palm plantations by the Cross River State Government under its privatisation programme.

    The minister said such a partnership would make states known for oil palm cultivation to revive the sector while at the same time challenging other states blessed with arable land to take to large scale cultivation of palm plantations.

    He said the Federal Government was concerned about changing the fortunes of agriculture and making it a worthwhile venture for large and small scales’ investors, and appealed to business men to invest heavily in agriculture.

    According to him, in the oil palm value chain many things were wrong that needed the enabling environment of government to succeed and the commitment of the private sector operators to correct; hence the Cross River example was a step in the right direction.

    The goal of the oil palm value chain of the country, he added, was to increase oil production to satisfy local demand and eventually export as well as increase the productivity of farmers and create employment.

    Special Adviser to the Cross River State Government on Investment Promotion, Mr Gerald Adah, had earlier informed the gathering that a combined investment portfolio of various companies operating in the state in the last five years was now in excess of $2 billion.

    He described the inauguration of the oil palm plantation as a major milestone in the vision of attracting foreign direct investment to the state and country adding that in the past two years, the state’s engagements with Wilmar has been in the aspects of acquisition of at least 50,000 hectares of agricultural land for primary production of oil palm as well as the establishment of an oil palm processing/refining facility worth $400 million.

    He said while the proposed investment is valued at $400 million, the direct benefits accruing to the state include employment of over 20,000 persons on an average payroll of N3.2 billion annually; out-growers support scheme for another 20,000 ha leveraging on the World Bank support, Corporate Social Responsibility (CSR) in terms of standard schools and hospitals for employees, dependents and host communities.

  • Lagos teachers to get laptops

    Teachers in Lagos State public schools may soon get laptop from the state government, Aebiyi Fatai Mabadeje, the Commissioner for Science and Technology, has said.

    He spoke during the opening ceremony of ICT Curriculum Workshop for Secondary Schools Teachers in the state at Digital Village, said 120 schools in the state now have ICT Labs where students go in and take practical lectures.

    “We will look at the request by the teachers for laptops. Clearly, it is something we would like to do for them and we are glad that they are asking,” he said, adding that it is a clear manifestation that the teachers have acquired a skill, which they intend to take forward.

    On the provision of personal computers in schools to facilitate teaching, he said: “What we traditionally do is to create what we call an ICT Lab in the school equipped with computers, which the teachers can use to teach the students. It is a shared resource where, whenever they have the students have their ICT classes, they go in and take lectures. It is like a common room where there are computers with internet access. We have done about 120 schools, we intend to do more. It’s in phases, the first being for secondary schools.”

    He said the workshop was designed to upgrade the skills and knowledge of teachers in the state and improve the performance of pupils, especially in internal, external examinations and provide platforms for interactions for teachers to brainstorm and evolve better ways of handling and imparting knowledge.

    “This is because the goal and determination of the present administration is to provide qualitative and functional education consistent with our socio-economic and technological needs and to adequately equip our children and youths for global challenges in the future,” he said.

    According to the commsisoner, training and retraining is the bedrock of professionalism and ICT brings more it as it allows for adequate research, online classes, advance learning softwares and latest graphic illustrations.

    “The adminstration is committed to science and technology education because they have been proved to be an effective panacea to rid our society of ignorance, backwardness and underdevelopment. It is seen as a veritable tool and vehicle for socio-economic and political transformation of our society.

    “It is seen by this administration as the basis upon which our policies as highlighted in the 10-point agenda are laid,” he said. One of the greatest possibilities for the country he added, will be her ability to utilise the power IT to assemble and analyse relevant data for meaningful planning and policy implementation.”

  • Subscribers seek compensation for poor service

    Bowing to the avalanche of complaints from subscribers, the Nigeria Communications Commission (NCC) recently banned telecoms service providers from doing promotions and lotteries on their networks. But subscribers insist NCC should move beyond that and compel operators to compensate them for the long period of poor service delivery. LUCAS AJANAKU reports

    If Onyekachi Aguomuo, a lawyer, had an option, his recent experience with his global system for mobile (GSM) communication service provider would have made him to stop using mobile phone. He had re-united with four colleagues with whom he did the Advanced Level General Certificate of Education (GCE) at the Federal School of Arts and Science, Sokoto, between 1986 and 1988.

    He was so excited about the re-union that the he immediately put a call across to his wife to share the joy with him. For so long, he tried without success. When what appeared like respite came his way, he was dumbfounded to hear: “The number you have called is incorrect. Please check it and call again.”

    He was frustrated, especially when his service provider told him that he no longer knew the number of his wife. “I was shocked to hear that. I scrolled through the phone and double-checked the number and when I was convinced that the number was correct, I dialled again. The call came through but the joy of getting to talk to her evaporated like soap bubbles when the conversation snapped when she had hardly spoken with one of them,” Aguomuo told The Nation.

    He said the operators were acting with impunity, wondering if there was no law to check their excesses.

    Felix Momodebe, a Computer Engineering graduate of the Lagos State University (LASU) also has a bitter experience with his service provider. A National Youth Service Corps (NYSC) member in Osun State, he was “broke” and needed to make calls to his parents in Kogi State. After many fruitless attempts to call his mummy’s number, he tried that of his uncle. With only N50 worth of airtime on his phone, he dialled the number of his uncle only for his operator to divert the call to another person. “All I heard from the other end was that you have dialled a wrong number. By the time I checked the credit on my phone, it had depleted. I was livid with anger because the call I intended putting across to my parents was that of a child in distress. I had no money on me and our ‘allowee’ was not ready,” he complained.

    The experience of Aguomuo and Momodebe are but few of the over 105 million telecoms subscrbers in Nigeria that daily pass through one form of agony or the other in their efforts to use their mobile phones owing to congestion on the network. As a matter of fact, sector analysts say persistent congestion on the network has led to break down in marriages while business opportunities have also been lost.

    Momodebe carpeted the Nigerian Communications Commission (NCC) for not doing enough to protect the subscribers. “The NCC ought to do more than it is doing by ensuring that the consumers are adequately protected. It should not have stopped at stopping promos and lotteries, it should have gone further by asking the operators to compensate their subscribers as it happened during the days of his predecessor,” he said, adding that none of the big players is living up to the expectation of their subscribers.

    For Aguomuo, the reign of impunity that has been the hallmark of operators of GSM in the country is disturbing. According to him, whenever a subscriber buys a Subscriber Identity Module (SIM), activates and loads it with recharge card, a contract is entered into between the subscriber and the operator, adding that any breach of that contract by way of poor service quality is intolerable. “The regulator, having established, through the appropriate unit, that the contract has been breached should step in and impose sanction on the erring party,” he said, adding that compensating subscrbers for long period of poor service is not out of the point at this time.

    Network congestion in the country has further been worsened by the cut-throat competition the operators are engaged in. They promise aircraft, luxury bus and various goodies, including almost 500 per cent free talk time, which had inevitably led to congestion of the network, leading to unauthorised call diversion and routing calls into voice mails.

    Experts say network congestion causes poor reception, drop calls, poor voice signal as well as clogging of interconnect routes between networks.

    Regulators’ perspective

    Minister of Communication Technology, Mrs Omobola Johnson, said she is also worried by the situation of things as hardly a day passess without people complaining. “I am quite aware of the poor quality of service, which seems to be getting worse by the day. Quality of service is probably one of the biggest issues that the industry is dealing with right now and it is important that consumers understand what the issues are and what the Ministry and NCC, the regulator, are doing about it. At present, the telecoms industry has some problems with the inadequate number of base stations, arbitrary cost and lengthy process of right of way acquisition, persistent interruptions as they try to lay cables even after obtaining right of way, wilful and accidental damage to fibre optic cables and base stations and ofcourse illegal taxes and levies by a number of state and local governments all of which work together to affect quality of service,” she said, adding that she has studied at the newly gazetted quality of service indicators which has these challenges and problems built into it.

    “We are not asking for 99.9 per cent network uptime or a zero per cent call drop rate or 100 per cent successful call set up. For this reason, I have asked the NCC to start the process of not only publishing performance on quality of service by operator per month but also impose meaningful penalties on operators that do not meet the targets set. Performance and penalties will be published on NCC websites monthly. In other words, there shall be consequences for network operators that do not meet this quality of service indicators. I don’t believe that there is any self-respecting company that wants to be constantly and continously penalised by its regulator; so it is expected that this singular action will result in more effort being placed on improving quality of service by all network operators,” she added.

    Stakeholders’ perspective

    President of the Nigeria Internet Group (NIG), Bayo Banjo, blamed the development on the era of weak regulation. Acording to him, the regulator, the NCC has become a toothless bulldog that could only bark. Banjo, who is the immediate past vice president, Association of Telecommunications Companies of Nigeria (ATCON), argued that the practice in developed countries is that the government approaches the issue with a stick and carrot.

    He said like what happened in the financial sector, any erring telco chief should be shown the way out.

    For the Chief Executive Officer,Teledon Group,Dr. Emmanuel Ekuwem, the situation could truncate the Vision 20:2020 programme of the Federal Government. He lamented that in this information age, anything that would hinder the free flow of information and spread of knowledge would do collateral damage to the nation.

    He blamed the problem on “low capacity”and the refusal of the operators to plough back substantial part of their mega profits into expanding the network.

    But President, National Association of Telecom Subscribers (NATCOMS), Deolu Ogunbanjo,disagrees with subscribers over demand for compensation. According to him, the operators should be given another three-month window within which to do the right thing, especially when it was realised that early in the year, the NCC had fined them N1.17 billion for failing to comply with the minimum standard of quality of service.

    While MTN and Etisalat coughed out N360 million each, Airtel and Glo paid N270 million and N180 million to the Federal Government.

    But operators say they were not responsible for the problem. President, Association of Licenced Telecoms Companies of Nigeria (ALTON) Gbenga Adebayo, said bombs and floods had affected quality service provison in the country.

    According to him, the incidents affected over 250 Base Transceiver Stations (BTS) that lost connection (due to primary and secondary impact) and many suffered significant damage beyond repairs. Added to this is the usual resort to closing BTS by agents of the government over refusal to pay charges that are not known to law, adding that when one base station is closed, it affects others because of the inability to connect calls from the closed BTS.

    While Director, Public Affairs, NCC, Tony Ojobo, said the agency was monitoring the performance of the operators since they and the regulator have agreed to key performance indicators (KPIs), which they must not go below, subscribers say the horse must have starved to death before the grass grows.

  • Peppe Terra gets recognition

    eppe Terra (a tomato paste) has been praised for its achievements in the market.

    Euromonitor International in its report on packaged food praised the firm for its successes.

    This is coming about two years after its launch into the market.

    According to Managing Director, Tropical General Investment Nigeria Ltd (makers of Peppe Terra), Roy Deepanjan:“We have been able to put up a brand whose quality and proposition is international.

    He said this has been vindicated by Euromonitor International’s special mention on Peppe Terra, adding that the brand was praised for being innovative and uniquely adapted for to suit local tastes’.

    Roy added: “The report, on packaged food in Nigeria, goes on to praise Peppe Terra as an ‘unique blend of tomatoes, onions, and spicy chilli, that addresses a local need, rather than being an international product to which consumers have to adapt’.

  • Teledon Group introduces smart classroom

    An indigenous ICT firm, Teledon Group, has introduced a modern learning and teaching equipment, Smart Classroom to redefine teaching and learning in schools.

    Speaking at the unveiling of the products, Dr Emmanuel Ekuwem, chief executive officer of the firm, said the advantages of the innovation are: students would have an audio-visual copy of each lecture, a development, which, he said, allows for ease of revision.

    “Smart Classroom is a technology enhanced classroom that boosts the quality of teaching and learning by leveraging on technology such as computers, specialised software, audience response technology, videoconferencing platform, digital podium, networking, interactive smartboard, multimedia projector, LCD TV, DVD player/recorder, USB duplicator, SATA storage devices,” he explained to The Nation in Lagos.

    According to him, it comprises automated teaching, learning processes where lectures are recorded for date and time specific playback, making revision and assimilation a pleasant experience.

    He said the advantages include allowing the teacher to produce and modify resources quickly and easily, real-time access to internet-based information and resources, allowing access to a wide range of information in different formats, multimedia enrichment of the senses of the students for high assimilation and allowing teachers to use different drafts to assess how work is progressing and what input is needed.

    “By having recorded classroom sessions for future playback, complacency on the part of teachers is eradicated, hence, there will be a remarkable improvement in the way teachers teach,” he added.

  • Shoprite to open outlet

    A new Shoprite store will be opened at the newly constructed Kwara mall in Ilorin today.

    The Business Development Manager, Shoprite, Jan Van Zyl, said: “We’re happy to open an outlet in such a welcoming environment. Kwarans are renowned for their effortless taste and we have the quality to satisfy.”

    On the expansion projects, he said: “The success of Polo Parks, Enugu has proven that centres of this nature can be successful outside the conventional commercial centre of Lagos and Abuja.

    “ Shoprite is proud to be part of this development.  It is to prove the company’s commitment to serving Nigerians from all backgrounds and income groups across Nigeria.  “We believe by going to all places where our customers are located, we can serve our customers better.”

    The Human Resource Manager, Shoprite, Adeola Kagho, said about 180 direct and over 100 indirect jobs will be created in the new outlet.

    He said: “We build employee competence by investing in training and development. Our training programmes have an organisational and personal perspective to it which results in our employees ability to carry out their jobs effectively.”

  • Fed Govt targets 10% growth through SMEs

    The country needs strong Micro, Small and Medium Enterprises (MSMEs) and well- nurtured small entrepreneurs to attain 10 per cent growth rate and above in the next decade, the Minister of Trade and Investment, Olusegun Aganga, has said.

    He spoke at the maiden Nigerian Banking-Panel evaluation for SMEs’ business proposals in Lagos.

    Aganga,who was represented by the Chief Executive Officer of Nigerian Leadership Initiative (LDI),Mr Yinka Oyinlola, challenged banks to look beyond multinationals and large domestic corporate businesses and improve access to those living in rural areas and the informal sector, stressing that it is only in doing so that the financial services industry can meaningfully contribute to national economic development.

    He said SMEs have been prioritised to fashion out pro-active development policies, adding that the government is working withinternational development partners, in pursuing financial inclusion to make growth broad-based and sustainable for the hitherto excluded SMEs.

    He said in recognition of the important role played by MSMEs in economic development and their contributions to employment and the Gross Domestic Product (GDP), and realising that financial access is critical for MSMEs’growth and development, his Ministry,the Central Bank of Nigeria (CBN) and the Bank of Industry (BoI) were taking the lead in supporting initiatives that would improve access to finance.

    “In specific terms, my ministry is looking at three key areas to support the development and growth of a dynamic SME sector in Nigeria.

    “First, we have designated SMEs a ‘priority sector’ and are fashioning pro-active SME development policies in respect of finance, appropriate technology and skills development, in addition to rationalising the existing policies and institutions.

    “Second, as part of the overall macro-economic management, we are focused on creating an enabling economic environment comprised sound macroeconomic and structural policies, good infrastructure, fair policy of competition, and efficiently functioning institutions.

    “Third, we are providing necessary business support services for SMEs including skills training, trade fairs and exhibitions, product research and development, appropriate technology research, access to Export Processing Zones (EPZs), and business support centres,” he said.

    He urged entrepreneurs to understand that a potential business idea must be open to evaluation and feedback from others who may provide genuine insight on refining the existing concept.

  • Govt owes us N1.3t on  subsidy, says NNPC

    Govt owes us N1.3t on subsidy, says NNPC

    The Nigerian National Petroleum Corporation (NNPC) said yesterday it is owed more than N1.3 trillion ($8.2 billion) in government fuel import subsidies, debts which could impact on the corporation’s fuel import programme.

    “As at today, the outstanding amount due to the NNPC on subsidy claims is in excess of N1.3 trillion. [The debt is] making things… difficult as we have been struggling to cope with our fuel import programme,” a senior NNPC official said.

    The government pays subsidies to importers to cover the difference between the landing cost of the fuel and the fixed domestic pump price.

    The subsidy debt rose steadily from N752.7 billion at end of 2011 to N1trillion in the first half of this year, the official said.

    Long queues of vehicles at service stations remain common place across major cities in the country due to a shortage of fuel that first started to be felt three months ago.

    NNPC previously accounted for 60 per cent of gasoline imports into the country but has taken on sole responsibility after private companies withdrew following delays in the payment of subsidies in the first and second quarters of this year.

    Following large-scale fraud uncovered in the management of the subsidy scheme that swallowed N2.7 trillion in 2011, according to Central Bank of Nigeria (CBN) figures, the Federal Government said it will only pay subsidy claims cleared by a presidential panel set up to verify import documents submitted by companies.

    Nigeria imports more than 85per cent of its refined fuel needs due to the inadequate state of its refining sector.

    President Goodluck Jonathan on Sunday said the government would revisit the need to abolish subsidies and deregulate the downstream oil sector if the country is to attract private sector investors to build refineries in Nigeria and curb fuel imports