Category: Business

  • ‘Nigeria not investing enough on R&D’

    The Nigeria Computer Society (NCS) has decried the low investment by the government on research and development (R&D), arguing that no nation can grow without the application of science, technology and innovation to respond to emerging socio-economic challenges.

    “Research must be an essential element for Nigeria to use technology and innovation to respond to socio-economic challenges. Nigeria, however, underinvests in research and development,” Jide Awe, chairman, Publicity, Events and Trade Services Committee of NCS, said, adding that the body had concluded plans to host a forum on computer science, information technology, and R&D in Lagos.

    Scheduled to hold between November 14 and 16 at the University of Lagos, he said: “NCS is again rising to the occasion to address the key challenges in the nation’s research environment to improve R&D performance and contribution to the national development agenda.”

    According to a statement by NCS, the main goal of the workshop is to build collaborative, purposeful and rigorous research effort towards national development, adding that major activities during the workshop will include: exposure to modern computer science/information technology research, methodologies and tools, Grant seeking proposal writing techniques, information about grants, fellowships and scholarships, mentorship, formation of research groups, research collaboration, interactions among IT professionals, interactions between the industry and academia, Interaction between IT professionals and government, exhibition of research outputs, presentation of excellence in research awards.

    Lecturers in computer science/IT, postgraduate students in computer science/IT, IT consultants/researchers, departmental and units heads, academia, government/public and private sectors, IT industry players, business development, executives/managers, brand Image developers, IT consultants/researchers are targets.

    Key facilitators include: Prof. Zachariah Tanko – Champlain College, Burlington, VT. USA, Dr. Richard Boateng – International Center for Information Technology and Development (ICITD), Southern University, Baton Rouge, USA, Prof. Charles Uwadia – Centre for Information Technology & Systems, University of Lagos, Nigeria, and Dr. G.M.M Obi – Lead Research Consultant, International Business Systems Limited, Lagos, Nigeria, among others.

  • Enterprise Bank celebrates Customer Service Week

    Enterprise Bank celebrates Customer Service Week

    Enterprise Bank Limited (EBL) will join the rest of the world to mark the annual Customer Service Week themed “Be the One.”

    The bank said in a statement that the move was meant to appreciate its customers for their loyalty over the period.

    The event, which is celebrated in the first week of October every year, according to a statement from the bank, is a unique period when service organisations and global agencies extol the patronage and loyalty virtues of their esteemed customers by introducing several unique and special activities to appreciate the customers.

    As a way of making this year’s edition a memorable one for its customers, the bank said it has lined up a number of activities to celebrate and appreciate them. Some of the activities, which will be implemented during the period, include elaborate decoration of branches, complimentary candies, sweets, chocolates and branded writing pens among others for walk-in-customers during the period.

    The bank said that the Customer Service Week has again provided a good opportunity for every staff, unit, department, group and region of the bank to delight its customers.

    The statement added that this objective will be fully accomplished during the week because every staff has been primed to do no less than deliver the best during the period as is the Enterprise Bank tradition.

     

  • Kia rewards customers

    Kia rewards customers

    Kia Motors Nigeria has launched a new promotion scheme tagged Everybody is a winner with gifts including LCD televisions, home theatre systems, DVD players and much more to be won.

    This promotion, aimed at rewarding Kia’s teeming customers, would run throughout month in celebration of Nigeria’s Independence Day.

    The auto giant has over the last few months come up with various promotions and schemes aimed at making it easier for Nigerians to buy their dream KIA.

    Kia Motors Marketing Manager Kayode Adejumo said: “In this new promotion, every buyer of any KIA model gets to win prizes instantly. Once a buyer purchases a Kia, he gets to select a scratch card right there and goes home with any gift found on the scratch card.”

    Chief Commercial Officer, Mr Sandeep Malhotra also corroborated Adejumo adding that the customers are at the heart of their brand.

    “We aim to continuously improve the quality of our service and reward them for their loyal patronage,” Malhotra said.

    KIA Motors Nigeria has been in operation in Nigeria since 2002 and will be celebrating 10 years of doing business in Nigeria this November.

     

  • Labour praises Senate on Labour Safety bill

    Labour praises Senate on Labour Safety bill

    Workers in the food and beverage sector have praised the Senate for passing a bill seeking to cater for the safety, health and welfare of Nigerian workers.

    The workers under the aegis of the National Union of Food, Beverage and Tobacco Employees (NUFBTE), who spoke through their President, Comrade Lateef Oyelekan, said the passage was a welcome development.

    The Bill, which was sponsored by Senator Chris Anyanwu (APGA-Imo), was passed last week.

    It seeks to repeal and re-enact the Factory Act, 2004 to make comprehensive provisions for securing the safety, health and welfare of persons at work.

    It also seeks to protect others against risks to safety and health with regards to activities of persons at work, in addition to  establishing  the National Council for Occupational Safety and Health.

    Oyelekan told The Nation that “these are the types of document that law makers should endorse to make work easier for Nigerians. Many employers don’t give a damn what happens to their workers, for such employers, one needs a legal document to put them on track.”

    The amended bill  contains  111 clauses and clause 83  deals with offences and penalties.

    It reads in part; “Any employer who fails to comply with any of the provisions of clauses 29-37 of this bill relating to the duty of the employer commits an offence.

    “The person shall be liable on conviction to imprisonment for a term of not less than one year or to a fine of not less than N500,000.

    “Both fine and imprisonment in case of an individual and a fine of not less than N2 million for a corporate body, and in addition, each director or manager of the body shall be liable to imprisonment for a term of not less than one year.

    “Clause 31 (1)of the Bill also states that an employer shall after being notified by a female employee that she is pregnant, adapt the working conditions of the female employee in such manner as to prevent occupational exposure.

    “This is to ensure that the embryo is afforded the same level of protection as required for members of the public and the employer shall not consider the notification of pregnancy as a reason to exclude the employee from work.

    “The employer is also required by this law to ensure that any female employee that is pregnant or nursing a baby is not exposed to ionising radiation at the work place.

    On the construction and disposal of machinery, the bill in clause 52, stipulates that any person who manufactures, assemblies, sells or lets or hire any machine that does not comply with the requirement of this clause commits an offence.

    The person shall be liable to a penalty of N50,000 for the first case of non compliance and N100,000 for every subsequent case of non compliance or N50 million for the first case of non compliance and N500 million for every subsequent case.

    The Senate President, David Mark, who presided over  the plenary session, noted that the bill had already been passed in the House of Representatives.

    Mark advised that a conference committee be set up as soon as possible to harmonise the Bill and forward it to the President for his assent.

    The Bill was initially presented to the Senate as an executive bill but was represented as a private member bill by Anyanwu.

    The Bill, which had passed second reading on May 17, was referred to the joint committees on Employment, Labour and Productivity, Health and Establishment and Public Services for further legislative action.

     

  • Citi Bank, IFC lift emerging markets with $1b

    International Financial Corporation (IFC) and Citi have signed a $1 billion risk-sharing facility to stimulate the growth of trade in emerging markets.

    The funding is expected to support emerging market trade flows of up to $6 billion through 2015 and drive job creation and ensure economic development.

    At the signing ceremony , the duo said this marks the first extension of an existing facility under the IFC Global Trade Liquidity Program. Over its three-year period, the facility reached $900 and supported $6 billion of emerging market trade.

    The facility financed more than 2,000 funded trade investment instruments through 92 banks in 23 developing countries.

    Global Head of Treasury and Trade Solutions at Citi, Naveed Sultan, said Citi’s partnership with the IFC has been a tremendous success, helping to stimulate the recovery and growth of global trade in emerging markets. He promised to continue the partnership with banks, corporations, and the public sector across emerging markets to stimulate global trade.

  • Fashola flags off ‘Don’t Drink and Drive’ initiative

    Fashola flags off ‘Don’t Drink and Drive’ initiative

    Lagos State Governor Babatunde Fashola last Thursday flagged off the second phase of the ‘Don’t Drink and Drive’ initiative in partnership with Guinness Nigeria Plc.

    The event was held at Iyana Ipaja Motor Park in Lagos.

    According to the Managing Director/Chief Executive Officer, Guinness Nigeria, Mr Seni Adetu, the programme is to raise awareness about the dangers of irresponsible alcohol consumption and to induce a change in the attitudes of commercial motorists to drink-driving.

    Under the programme, the ministry with support from Guinness Nigeria has organised enlightenment activities at motor parks and has used the data collected from alcohol consumption tests as a prelude to setting a Blood Alcohol Concentration (BAC) level for the state.

    “Over the years, Guinness Nigeria Plc has been in the fore-front of the campaign against drink-driving. Our involvement in this area dates back to 2004 when we partnered with the Federal Road Safety Commission (FRSC) to mark the maiden edition of the United Nations World Road Safety Day. We have done a lot since then and we look forward to doing even more as we move forward together,” Adetu said.

    Fashola used opportunity to debunk claims that the objective of the new Lagos Traffic Law was to generate revenue for the government.

    He said criticisms that the law was promulgated to make money were unfounded, adding that the ultimate objective was the prosperity of the state and its residents.

    Fashola said: “Some people have said we made this law because we want to make money, but the question is how much money can we make from violators?

    “How much money can we really make? This is not about politics; it is about your lives. How much fines can we get? The fines cannot fund the budget of the state.

    “But your prosperity, your growth can develop the economy of Lagos in a much more fundamental way. That is the big picture that we see.”

    He urged residents, especially transport workers, to comply with the provisions of the law, saying the success of the legislation would be determined by voluntary compliance.

    Fashola enjoined transport workers against intake of alcohol and hard drugs before and during driving, saying this had significantly contributed to cases of road accidents in the state.

    He said the state, through traffic officials, would begin to administer breath analyser on drivers, to check the alcoholic content of their blood, to ensure they were fit to convey passengers safely.

    “We have designed this safety and health programme for our transport workers because they are critical stakeholders in our transport sector, and that’s why we are taking it to the motor parks and garages.

    “This is the third park I have been to. I was at Ojota and Iddo motor parks. Now I am at Iyana Ipaja and the journey continues.

    “The programme, apart from sensitising drivers on safety issues, also provides an opportunity for them to screen for diseases like hypertension and diabetes that could undermine their job.

    “We urge our transport workers to take advantage of this programme and do what is right all the time and we hope that they would spread the message to others,“ he said.

     

  • $210m investment coming for Starcomms

    Code division multiple access (CDMA) telecoms service provider, Starcomms Plc, said it has reached an agreement with Capcom Limited for the provision of $210 million capital investment of cash and assets.

    The deal is expected to make Capcom own 90.5 per cent of the telco’s restructured issued share capital.

    Capcom was founded by MBC, a trust of 20 years standing, whose portfolio companies manage over $1.25 billion in the asset management and commercial banking sectors.

    It focuses on emerging markets. Capcom has attracted a group of family offices and funds committed to investing in the Nigerian telecommunications industry and participating in the development of the sector.

    The backers comprise a number of African and emerging market funds, including PanAfrican Capital’s asset management division, PAC Asset Management and two private family offices, with long experience of investing in Africa, Bridgehouse Capital and OldonyoLaro Estates.

    With this investment, Capcom aims to create a national broadband Internet champion capable of significantly contributing to the government’s ambition to bridge the digital divide between Nigeria as an emerging market and other developed markets internationally.

    According to a statemnt from the telco, as part of the agreement, Capcom has agreed to cause the contribution to Starcomms of certain CDMA assets over which it intends to acquire control in separate but related transactions.

    It said Capcom will contribute to Starcomms assets, including the spectrum licence of MTS and the CDMA mobile telecoms business of Multi-Links. In addition to facilitating the CDMA consolidation, Capcom will provide $98 million in cash to finance the post-acquisition integration of these assets, to meet on-going short-term losses in the business and to deliver the combined company’s new business plan.

    In consideration of their proposed sales of certain assets to Capcom, both Helios Towers Mauritius Holdings Limited and Asset Management Corporation of Nigeria (AMCON) will own stakes in Starcomms (together representing less than 12 per cent of Capcom’s equity following Capcom’s investment) derived from Capcom’s shareholding on completion.

    According to the telco, the proposed transaction will create a leading CDMA operator in Nigeria and represent a fundamental step as part of the consolidation move in the Nigerian telecoms industry.

    With the benefit of the 20 MHz of contiguous 1900MHz spectrum to be held by the consolidated operations, the largest spectrum allocation for any mobile operator in Nigeria, Starcomms will be at the forefront of the shift away from current generation of services into a long term evolution (LTE) technology platform, capable of delivering new 4G and related data and other services that would offer customers substantially improved performance.

    Monetsing the new broadband services and applications will provide Starcomms with crucial first mover advantage in the Nigerian market with its 4G / LTE network rollout.

    Speaking on the transaction, Starcomms’ Interim CEO, Olusola Oladokun, said: “The proposal from Capcom will enable Starcomms to reduce its high level of borrowings and improve its low liquidity position. Given the significant challenges the business has faced over the last two years, Capcom’s investment will facilitate a strategic turnaround, improve the competitive position in the market and place the company on a growth path for the future,” he stated.

  • Govt, private sector urged to adopt solar energy

    Government should adopt solar energy to solve its power supply problems, the Chief Executive Officer, Sovereign Solar Energy Technology Limited, Dr Felix El-Schaeddhaei, has said.

    He advised the Federal Government and private firms to embrace this energy alternative for rural electrification.

    He said: “Solar electric power systems are an effective energy conservation programme because they conserve costly conventional power for urban areas and town market centres including industrial, commercial and private uses. This will allow for decentralised solar generated power for lighting and satisfying basic electrical needs.”

    He said solar technology applications were not widely exploited and, as such, many have been left out of the development loop.

    “If we can learn from Japan and other countries and tailor various Nigerian 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.

    El-Schaedhaei also recommended the use of solar energy for tackling the problems of climate change and ensuring a cleaner environment.

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

    He listed other gains inherent in the use of solar energy to include its nature,environmental sustainability, easy use, as well as low cost of maintenance

    “I have worked within the energy industry for a few years now and paid close attention to how the Solar energy works for the generation of electricity.

    “I find the process very insightful.I am fascinated by the UK Government’s high level of interest in the technology

    “I feel it will do well if the PHCN look at a way of implementing similar processes in Nigeria to boost and increase our much needed power generation. This is a very interesting initiative, such that people can generate electricity themselves through their solar panels mostly installed on their roof, within the comfort of their homes, they enjoy the free electricity and still get paid for what they have generated.

    “There are just too many advantages of solar energy over the non-renewable resources like oil. Solar energy is healthier than oil.The burning of oil releases carbon dioxide and other greenhouse gases into our environment. The average home produces more than twice the amount of carbon dioxide than an average car does.

    “Solar panels are cheap to build. All you need is a reliable ‘Do It Yourself’ kit and a guide that will guide you every step of the way.

    I think it is high time government encourage this technology”.

  • States delay Fed Govt’s emergency call centre project

    Efforts by the Federal Government to build emergency call centres to mitigate the impact of natural disasters, domestic accidents, violent crimes and even sudden illnesses may just remain a pipe dream as some governors are yet to provide land for it.

    A source close to the Nigeria Communications Commission (NCC) told The Nation on condition of anonymity that Rivers State is leading the pack of other states that are resisting citing the project in their states for no reason.

    According to the source, the frustration comes either by way of not granting approval for land to build the facility or approving a peice of land to the NCC in an environment that is not congenial for that purpose.

    The source disclosed the buildings structures had been put in place in 28 states, equipment were in 18 states while the others would come in phases, adding that Airtel, Glo and MTN have already keyed into the initiative.

    But, Lagos State said it has made land available for the project. Mr Adebiyi Fatai Mabadeje, state Commissioner for Science & Technology, said approval for the building of the call centre had been given by the government since 2010, adding that it is not clear why the NCC has not started work.

    Mabadeje disclosed that the managemnt of Command Centre, an initiative of the state government to bring emergency relief to the citizens, has been outsourced to a firm, saying the centre has been reciving and acting promptly on calls that come in to the centre.

    The multi-million naira project is being undertaken by the NCC for the Federal Government. It is expected to be handed over to an independent agency of the government or a private organisation to manage.

    Rita Nwachukwu, senior project manager, NCC, who disclosed this, lamented that the development was delaying the project and sought the intervention of members of the Communications Committee of the House of Representatives to intervene.

    Nwachukwu, who in company of Adenuga Temitope, Operations manager, Infrastructure Engineering, NCC, received Honourable Oyetunde Ojo, said some states were not cooperating, she requested the intervention of the lawmakers in getting these states to allow reason to prevail. She, however, said the NCC has not lost hope as it has kept engaging the states.

    Accoording to her, a certain percentage of the revenue of telecoms service providers in the country is supposed to be deducted for funding the centre, which will eventually be handed over to the Federal Government that will determine its fate. “If you dial 112, it is an emergeny number, you don’t pay. Originally, the main design of this centre is that a certain percentage of the revenue of the operators should be deducted and used for funding the project,” she said, adding that the legislators should use their position to ensure that a law is enacted to make the dream come true.

  • Many faces of Computer Village

    Many faces of Computer Village

    For visitors and residents of Lagos, the Computer Village in Ikeja is different strokes for different folks. Oluoma Omeihe, who has been following the trend of business in the market, reports.

    When Olubunmi Akomolafe lost the power pack of her HP laptop, she was advised by her friends on the campus to visit the Computer Village, Ikeja, for a replacement any time she visited Lagos. An undergraduate of Ekiti State University,Ado Ekiti, the opportunity for Olubunmi to visit Lagos came recently, and she took it.

    Being a first-time visitor to the market, she was assailed by a horde of traders. While some operated in shops, many, especially young men and women, plied their trade at the fringes, preferring to stand by the roadside canvassing clients.

    After a long moment of indecision, she was assured of quality and a good deal for her money. She followed one of the many female ‘canvassers’ to a shop and picked a power pack. “It was tested in my presence and it worked perfectly. I paid N4,000 and left. When I got to my uncle’s house at Agege, I still used it and it worked. I was excited that, at least, I had got a replacement for my faulty power pack,” she told The Nation.

    But her joy was shortlived as the power pack packed up after two weeks. She could not return the item because it was not covered by warranty and she couldn’t risk another trip from Ado Ektiti to Lagos, about four hours drive; it was not worth the deal, especially now that the roads have become death traps. So, she resigned to fate, kept the power pack in the hope that whenever she visited the city, she would go and lodge a complaints to the person who sold it to her. “I did not have an opportunity to come back to Lagos until the end of the semester exams, that was about three months after. So, when I came, my uncle advised me not to bother myself as I was not likely to meet the person in the shop again,” she said.

    If Olubunmi’s power pack lasted for only two weeks, the handset Patrick Chukwudi bought never worked at all. According to him, he had heard so much about a firm selling handsets in the market and made up his mind to go and buy from there. When he alighted from the Danfo bus that brought him to the market, somewhere in front of Awolowo House, Ikeja, he was attracted to the stand of a group of boys who displayed phones in a container under a canopy close to Safegate Microfinance Bank Limited on Awolowo Way, Ikeja.

    “It was as if I was hynotised. When I got there, I saw very attractive handsets but they were not in their packs. They persuaded me to buy one of them, telling me the phones were all in perfect working condition and that all I needed to replace was the battery. So, I paid for one of them and left. I bought a battery and charged it for three hours when I got home. Afetr that, I tried fruitlessly to power it but to no avail,” he recounted, adding that when he got there the following day, the young man that sold the handset to him did not show up. “I cannot imagine myself leaving Itele, Ogun State, to Ikeja to go looking for somebody that, even if I see now, I can scarcely match his face with the transaction,” he said

    Olubunmi and Patrick are but a few of the thousands of unsuspecting people who have fallen to the antics of unscrupulous elements in the market in which handsets and other electronic valuables allegedly collected from their owners at gun point have been found.

    Perhaps, this development and the fact that the market community has become an embarrassment to the environment prompted the Lagos State Government to shut the gate of the market a few years ago. The situation has since improved as officials of KAI, an agency set up by the state government to enforce environmental law, now virtually has a ‘standing army’ in the market, ensuring that the place is kept clean.

    Like in every human community, Computer Village is not all about fraudsters. There are honest young men and women who, through hard work and dedication, are making the market tick.

    When Asuquo Daniel had problems with his laptop recently, he lost hope that it would ever work. A friend had introduced him to one of the engineers in the market. “I was working when the screen of my laptop suddenly went dead. I was confused because I did not immediately know what to do. So, I packed it into my bag and went home. When I discussed it with a friend, he introduced me to a young man called Rotimi in the Computer Village who fixed the problem perfectly,” he said.

    For traders at the Computer Village, doing business in the market has not been a bed of roses as their products face stiff competition from cheap ones imported from China and other Asian countries. For them to keep afloat, they must reduce the prices of their goods, which affects their profit margins. They also have to contend with power problmes as they pay heavily, running their shops on generating sets.

    Nelson Ogeide, sales manager, Seaman Group of Companies, dealers in handsets and other accessories, identified ‘price war’ as a great challenge besetting his business. “We have to cut down our prices. This will eventually eat into the profit margin. The government should do something about the influx of substandard handsets into the country,” he said.

    On customers, Ogeide said the challenge his organisation has to contend with is warranty and repairs. According to him, once a customer is told that there is a year or two years warranty on the device and the device gets spoilt, they will return it, adding that in most cases, it is always a physical damage that the devices suffer. “Most of the faults do with physical damage and we try to explain to them that our warranty does not cover physical damage but factory fault problem. In such cases, the customers try to make us look like we are not living up to our responsibilities and so we have to collect such gadgets and try to repair it and if it cannot be not repaired we give them new ones in return,” he explained to The Nation.

    According to him, there was a time the firm had issues with returned goods and recorded a great loss up to N3.5b million because the goods couldn’t be returned to the importers.

    Another challenge which the firm faces is running the place on power. “Owing to the power problem in the country, we run diesel generators for up to 12 hours that is 8am-8pm daily. Diesel costs a lot of money. Coming to work during public holidays is also a challenge because of transportation problem,” he added.

    On what the state government could do to assist the traders, he said the business has got nothing to do with the government, so government funding is not possible. “The only way government can help us is hastening the repair of the main road leading to Simbiat Abiola Way so that customers will be able to park their cars in front of Seaman instead of going around Computer Village in search of parking space,” he told The Nation.

    For Sylvester Onuoha, salesman at Sultech Computers, his worry is the low patronage he faces due to cut-throat competition from the big-time computer sellers.“My major challenge is having to compete with large-scale computer sellers. Customers would prefer to go to a large scale business man to coming to my little shop to purchase computer because they are scared of buying fake computers,” he said.

    John Oboro, general secretary, Computer and Allied Products Dealer Association (CAPDAN) said the body has mechanisms in place to ensure that people who are short-changed in the course of business transaction get redress. Yes, this Computer Village is the single largest concentration of hardwares in the entire West African sub-region. Anybody that feels aggrieved in the course of doing business can report and CAPDAN will act,” he assured.

    Meanwhile, the Commissioner for Science & Technology, Mr Adebiyi Fatai Mabadeje, has assured that Computer Village will move from its present location to another befitting site. The commissioner who addressed ICT editors, said the government has been engaging stakeholders about its intention to relocate them. “Though we are engaging stakeholders, there is a legal issue to the relocation,” he said, adding that the land that was initially scheduled to accommodate the traders somewhere in Abule Egba, a suburb of the state, has been encroached upon. He promised that the government would handover a befitting ICT park to the traders. “We ate not giving up on the matter. We will move them, we have plans for that area (Computer Village),” he said.