Tag: Innovation

  • Kaduna, others partner on innovation roundtable

    Kaduna, others partner on innovation roundtable

    The Kaduna State Government, in partnership with Verdant Zeal and PAN Nigeria,is organising the Verdant Zeal  First Innovation Roundtable for Small and Medium Enterprises (SMEs) and Start-up Entrepreneurs.

    The theme is “How Innovation drives entrepreneurship: The case for SMEs and start-ups.

    The  roundtable is propelled by the success achieved with the annual series, which has held since 2012, but with a renewed vision to impact key economic hubs across Nigeria.

    Scheduled to hold in Kaduna State,  the series will create a platform for employers of labour, e-commerce solo-preneurs and SMEs to appreciate the place of innovation in business growth.

    On the new initiative, the Executive Vice Chairman, Verdant Zeal Group and the event convener, Dr. Tunji Olugbodi , noted that in the last six years, Verdant Zeal has convened the Innovation Series, a Corporate Social Responsibility (CSR) initiative instituted in 2012, to examine the development of Africa, discuss the Nigerian project as well as pin-point opportunities for development and growth within the continent.

  • Experts advise builders on technology, innovation

    Experts advise builders on technology, innovation

    Experts from French multinational corporation, Saint-Gobain, have advised quantity survivors, site engineers building architects and other practitioners in the building industry to be opened to innovation, solutions and foreign expertise in order to build a resilient industry.

    The experts gave the advice at a one-day workshop with: Creating great living spaces: Innovative solutions for greater well-being as theme.

    It was organised for professionals in the manufacturing and construction industry.

    They argued that Nigeria was still lagging behind on designs, constructions and materials that stand the test of time, adding that it is high time that professional bodies and practitioners opened to alternative solutions.

    Executive Director, Avalon Intercontinental, owners of Renaissance Hotel, Ahmed Tajudeen, who was a guest at the workshop said Nigerians in every sphere of human endeavour could be more proficient if given right exposure and training. He said experts from Saint-Gobain built the hotel at the Ikeja GRA.

    He said: “It was indeed a great having Saint-Gobain as part of the finishing team of the hotel, which today stands tall as one of the best in Lagos. As a matter of fact, the company designed and provided an installation team for all materials required including gypsum boards, walls, ceilings, insulation, finishing solutions, flooring solutions and others.

    “Saint-Gobain brought specific solutions matching our needs: standard regular boards (ceilings), firestop boards (corridor walls and bedrooms), moisture resistant boards for wet areas (bathroom and kitchen walls), glass wool insulation for acoustic performance in walls and ceilings. In the course of the project they actually flew some of their personnel all the way from South Africa to train our men in Nigeria, which for me is quite remarkable.”

    Earlier, Saint-Gobain Gyproc Senior Product Manager, Heidi Olivier, described Nigeria as the biggest market for building materials in sub-Saharan-Africa. He said there is need to expand its business scope in partnership with major distributor.

    “The whole idea of this workshop is to bring together various professionals who use our products and service in the course of doing their jobs and to also bring them up to speed with our latest offering in the market. She further stated that Saint-Gobain has made a name for itself in the industry with the production of high quality plasterboards which are second to none in the industry and has earned it a lot of recognition globally,” she said.

    Business Executive, Westtar Kapito, said the company was ready to expand its market share in Nigeria. “The company has come a long way in mastering the art of designing high quality plasterboards to suit all categories in the building industry that would be impactful for Nigeria. We are here in Nigeria to replicate what we have achieved in other markets,” he said.

    Saint-Gobain is in partnership with Tormek Global Services limited, a major dealer in gyproc plasterboard with a showroom in Yaba area of Lagos. Before the end of the year the company will be holding yet another event basically for installers to bring them on board. Plans are already underway to open a customer experience centre very soon in Lagos.”

    During the training Nigerian Architects, Civil Engineers, Installers major distributors and other professional bodies were exposed to new building methods, alternative techniques of making, mounting and finishing of plasterboards and the use of other construction materials, which were described as great economic value not just to stakeholders but to the entire construction sector which is currently in dire need of innovative technologies for growth.

  • Nigerian businesses on Shell entrepreneurship innovation prize list

    Three Nigerian entrepreneurs have been shortlisted for Shell LiveWIRE ‘Top Ten Innovators’, a global competition, which highlights and rewards LiveWIRE businesses that demonstrate excellence in innovation.

    The Nigerians have come up with creative ideas on energy efficiency and access to chemical and paint products, and join 22 entrepreneurs from nine countries to vie for the prestigious prize. A public vote of the shortlisted businesses takes place September 1 – 8, 2017, with the results helping to determine the winners.

    “We are pleased at the opportunity for the Nigerians to showcase their talent on the global stage using Shell’s flagship entrepreneurship development programme,” said Igo Weli, General Manager, External Relations, Shell Petroleum Development Company of Nigeria Limited (SPDC).

    “SPDC launched the LiveWIRE programme in Nigeria in 2003, providing training, business development services and start-up capital for youth-owned businesses. Our ambassadors have benefited from this support to make their mark and we call on Nigerians to encourage them by voting for their ideas,” he added.

    ‘Top Ten Innovators’ is a worldwide competition open to the alumni of Shell LiveWIRE, a Royal Dutch Shell Social Investment Programme, operating in 15 countries, which enables young people to start their own business and create employment.  The shortlisted entrepreneurs have the chance to win a top prize of $15,000, three Runner-up prizes of $10,000 or six Merit awards of $5,000. The programme aims to create role models for other young entrepreneurs, and demonstrate that introducing innovation supports growth and job creation.

    Shell’s Vice President Social Performance, Joanna Cochrane, said: “Shell LiveWIRE is very important to us because when we help local entrepreneurs to set up businesses, they create long term sources of income for communities, they create jobs and they help to find innovative solutions to social and economic problems.”

    The businesses shortlisted are Nigeria De-rahbs Energy Services, which produces, installs, services and repairs solar energy equipment, and also provides training to future engineers and energy entrepreneurs.

    Others include Nigeria Emobella Engineering Nigeria Limited, which provides engineering services with a USP of 24hours availability and high-quality customer service, and Nigeria Fendwall Paint and Chemical Products, which produces and retails household and commercial paint products via a business model supporting low-income customers to access their products.

    You can vote for the organisation you want to win on the website: http://topteninnovators.shell-livewire.com.

    Since its introduction in Nigeria in 2003, the LiveWIRE programme has trained 6,550 Niger Delta youths in enterprise development and management, and provided business start-up grants to 3,313, Shell spokesperson, Nigeria, Bamidele Odugbesan said.

  • Universities should initiate researches for innovations – Sanusi

    Universities should initiate researches for innovations – Sanusi

    The Emir of Kano, Alhaji Sanusi Lamido Sanusi, has challenged Nigerian universities to initiate researches that could lead to innovations toward boosting technological growth.
    “For the country to become competitive at the global stage, it must explore, exploit and utilise science and technological innovations; the universities should spearhead such effortst,” he said in Kano on Saturday.
    A statement by Lydia Legbo, spokesperson of the Federal University of Technology, Minna, said that Sanusi spoke when he received a delegation from the institution, led by its Vice Chancellor, Prof Musibau Akanji, on a visit to his palace.
    It quoted Sanusi as urging education managers across the universities to identify challenges peculiar to their system and address them so as to achieve their mandate.

    The monarch commended the university for its outstanding achievements over the years, noting that it had remained
    a leading institution for technology education.‎

    The Emir applauded the outgoing governing council, led by Prof. Rufai Alkali, for its selfless service to the university, and advised the succeeding council members to sustain that zeal.
    Earlier, Akanji had said that the visit was to thank Sanusi for honouring the invitation to the inaugural ceremony of the institution’s ultra-modern Mosque.

    He said that the Emir’s presence was worth celebrating, especially after he led the first Friday prayers in the mosque after its inauguration.
    “Above all, your sermon on peaceful co-existence of all faiths was a big plus.‎ It has elevated Islam and gingered up adherents to further dedicate themselves to Allah,” the statement quoted Akanji as saying.‎ (NAN)

  • StarTimes: we thrive on  innovation, superior technology

    StarTimes: we thrive on innovation, superior technology

    Pay TV network, Star Times Nigeria has said it is continuing to grow stronger and expand its footprint across the African markets owing to its dogged commitment to innovation, superior technology and rich entertainment program for viewers.

    The company’s Chief Operating Officer, Tunde Aina, in a statement, emphasized that the company strives to be an international media giant with global influence.

    “We have continued to grow stronger and cover more grounds across Africa starting with two countries and now in over thirty countries and very active in over 15. Our success story is fuelled by a strong belief and investment in cutting edge technology, life-enriching innovations and quality television entertainment content for our viewing families and households. As a viewer’s driven business, we have consistently churned out different exciting products and offerings to afford our viewers more flexibility and enriched viewing options.

    Beyond providing very interesting and affordable TV experience, StarTimes provides many ground-breaking and innovative products like the 2-in-1 combo decoder, Digital TV (with inbuilt decoder), projector TV which have largely enhance pleasurable viewing and boost the industry.

    “In just seven years, more people can now afford to enjoy digital television that would otherwise have been impossible. We have given opportunities to many local channels to start broadcasting localised content at minimal cost, we have created more than 2000 direct jobs and more than 20,000 indirect jobs. We have enabled new opportunities for our actors, actresses and musicians to showcase their talents on many more television platforms and earn more revenue. We have stimulated competition in the pay-tv industry thereby making the viewers now spoilt for choice. Before StarTimes came to Nigeria, clean crisp clear signals could only be enjoyed by the elites as the masses had to make do with grainy pictures provided by the few existing analogue television stations. We have changed this narrative and we intend to continue to provide our services to many more people at an affordable cost. As a platform, we offer local producers and stations opportunities to showcase their offerings to viewers without interference as long as the rules set by the regulators are being adhered to.”

  • CBN’s cashless CardExpo Africa to focus on youth, innovation

    CBN’s cashless CardExpo Africa to focus on youth, innovation

    Young, creative people will enjoy a special focus in this year’s Central Bank of Nigeria’s (CBN’s) Cashless CardExpo Africa, the organisers, Intermarc Consulting, have said.

    Managing Director,  Adeyinka Adeyemi, said understanding the lifestyles of youths or millennials with regard to cashless cash payment and enterprise will help firms redefine their businesses and stay relevant.

    The show, the 17th edition, holds in Lagos from June 13 to 15 and it has the theme: “Millennials in the marketplace: lifestyles riding on disruptive payment.”

    Adeyemi said it will “aggregate the energies of this era and capture the waves of technology and lifestyles. It will also present an encompassing worldview for the emerging approaches to payment and enterprise.”

    The influence of millennials, he added, “is a global phenomenon. They disrupt everything from how we work, to how we buy groceries; this demographic group is even now redefining how we do business. Thus, figuring them out has all the elements of a gold rush in the making.

    “This will prove crucial in the next several years, as young professionals represent both the future of enterprise and commerce in Africa.”

    Adeyemi said during the show, “trailblazers’ and culture influencers”, whose lifestyle and choices are emulated by their peers, “will be

    “This will prove crucial in the next several years, as young professionals represent both the future of enterprise and commerce in Africa.

    “Banks and other service providers, who hope to leverage the millennial dividend, should therefore be on the lookout for optimum strategies not only to connect with this monumental force, but also to influence their action for commercial interest to businesses.”

    He added that CardExpo 2017, through its “Start-Up Challenge” will give opportunity to millennials with financial technology ideas to pitch their solutions and stand a chance of being incubated at a national hub.

    “Others include the data fiesta an initiative promoting global connectivity and access to the internet and the IGR Forum all of whose sponsors will be announced in due course.”

     

     

     

  • Nestoil showcases expertise, innovation at NOG confab

    Nestoil showcases expertise, innovation at NOG confab

    Nestoil Limited showcased its expertise and innovative technology at the just concluded Nigerian Oil and Gas (NOG) conference in Abuja.

    The annual conference organised in collaboration with the Ministry of Petroleum Resources and Nigeria National Petroleum Corporation (NNPC) with support from the private sector has remained the industry’s must-attend event, attracting participation from both local and international key decision makers; participating companies and exhibitors from the entire oil and gas value chain.

    This conference discussed salient issues bordering on the future of the industry. Some of the issues included Nigerian National Petroleum Corporation’s commercial strategy and priorities, the impact of legislative amendments related to the Oil & Gas industry, tackling crude oil theft and pipeline vandalism through stakeholder collaboration and how policy changes can create an attractive and viable investment environment. The Nigerian Content seminar discussed strategies for increasing national capacity, value and capital retention.

    As Nigeria’s leading provider of engineering, procurement, construction and commissioning (EPCC) services, Nestoil and its sister companies exhibited alongside over 250 companies and major players in the Nigerian energy sector, to showcase industry-defining expertise and innovative technologies.

    Nestoil leveraged this year’s conference theme “A journey towards transformation,” to showcase the growth of indigenous capacity to investors and international oil companies. Over the past two decades, Nestoil has affirmed its industry leadership through execution of technically complex projects, which have contributed to the efficiency of its clients in the oil, gas and energy sectors of the Nigerian economy.

    The company’s Group Managing Director, Dr. Ernest Obiejesi-Azudialu described the NOG as Nigeria’s version of the Offshore Technology Conference (OTC) held annually in Texas and enjoined operators to explore the opportunities afforded by the gathering to show our country’s potential to foreign investors and highlight the benefits of doing business in Nigeria.

    He said: “Let us take the Nigerian Oil and Gas Conference as our version of the Offshore Technology Conference and leverage the opportunities it presents to highlight our economic potential to the world. Nigeria is currently undergoing a process of rebirth that will bring prosperity to everyone. As Nigerians, we have a duty to help the world understand this, and showcase the opportunities that come with the transformation that occurs in every facet of our lives as a people.”

  • Develop innovation for nation’s development, Buhari tells varsities

    Develop innovation for nation’s development, Buhari tells varsities

    President, Mohammadu Buhari, has urged varsity professors to  channel their time and resources on research and innovation that will enhance the nation’s development.

    President Buhari said universities must think outside the box and concentrate on their core values of research and  innovation in order to get the country out of the woods.

    Buhari stated that it would be more effective if universities partner industries to achieving results oriented research.

    Represented by Prof. Ramon Yusuf at the 42nd convocation ceremony of the University of Benin, President Buhari urged universities to develop new product and pattern that will catalyze the much needed industrialization of Nigeria.

    His words, “I urged the universities to focus on their core mandate and it is clear that the chances of achieving greater heights and contributing more meaningfully to the national development are much higher than  when they focus, channel their energies and  resources into focal areas of core competency than when they spread themselves totally especially in the milieu of economic implementing.

    “Another aspect in  our universities that require a focus is the area of research and innovation which constitute an important component of the mandate  of  universities. In deed, it is a well known fact that no nation can develop or make meaningful progress without a solid research and development culture.

    “ Therefore, universities should pay closer attention to research and innovation with the ultimate aim of generating new knowledge and developing new product and pattern that will catalyze the much needed industrialization of Nigeria” he said.

    Chancellor of the institution, His Highness, Muhammad Sanusi II, Sarkin Kano, urged the university’s management to launch the university into the league of 21st century universities.

    Sanusi urged them to initiate programs, researches and community services in which critical areas as impact projects, eco-innovation, skills development and entrepreneurship.

    On his part, Edo State Governor, Mr. Godwin Obaseki said his administration is investing massively to boost technical and vocational education of the people of the state which he said are critical to the economic survival of any given nation.

     

  • Innovation with caution

    Innovation with caution

    •Govt can spend part of pension fund for infrastructural development, but it must provide sufficient guarantee 

    Former President Olusegun Obasanjo spoke the minds of pension contributors on Tuesday, last week, at the World Pension Summit held in Abuja when he stated emphatically that the beauty of pension is in the ability of the contributors to have access to their money when they retire or when they need it. He was speaking against the backdrop of suggestions that part of the N5.8trn Contributory Pension Scheme assets in the country be loaned to the government to fund infrastructural development and help in getting the economy out of the woods.

    The former president is not totally averse to the idea, but is afraid of the ‘Nigerian factor’. Projects and policies that worked elsewhere hardly work in Nigeria. “I like innovation and I like what you are talking about in the next two days – pension innovations and sustainability – but I will add two things. Your innovation must be with caution. When people have to work all the days of their lives that they are strong and they make contributions for their future, we cannot be too adventurous with the so-called innovation because when they need the money, the money must be there.”

    Without doubt, this would resonate well with pension contributors. Chief Obasanjo is speaking from a vantage position. As former head of state, he knew what happened to the old pension scheme in the country in the era of the National Provident Fund (NPF) scheme established in 1961, the first legislation to address pension matters of private organisations in Nigeria. The National Social Insurance Trust Fund (NSITF) scheme was later set up by Decree No. 73 of 1993 to replace the defunct NPF scheme with effect from July 1, 1994, to cater for employees in the private sector of the economy.  Indeed, Chief Obasanjo’s administration became instrumental to the establishment of the present contribution scheme in 2004 due to the defects in the past efforts. Moreover, the former president also knows what government can do with public funds in Nigeria. But pension fund is not the kind of money to trifle with.

    As the Director-General, National Pension Commission, Mrs. Chinelo Anohu-Amazu, also said on Wednesday at the African Pension Awards, which was organised as part of activities for the World Pension Summit, “given the current global economic challenges occasioned by the drop in commodity prices, the funds generated under viable pension schemes have become veritable sources of financial intermediation. In order to support economic development, it is fundamental that the pension fund is diversified to include investment in identifiable infrastructure, real estate and other key aspects of the real economy”. As a matter of fact, this was part of the campaign by advocates of the new pension scheme.

    So, there appears a consensus that the pension fund could be made available to the government to fix infrastructure; the issue however is how to ensure that the pension operators and pensioners would not regret the decision. A major setback of the old scheme was inadequate provision to secure the pension fund. We should not make the same mistake under the new arrangement.

    This, indeed, is the crux of the matter. Pension is about trust; it is all about integrity. Therefore, government must provide adequate mechanism to ensure the safety of the funds in order to calm frayed nerves. If government utilises the money wrongly without adequate security, then, the fate of well over seven million contributors would be jeopardised. Therefore, if the government eventually gets the loan from the pension fund, it should invest it, preferably, in government securities. We cannot afford a repeat of a situation where our pensioners pine away at old age because their pension has been tampered with and is therefore no longer available for them when it matters most.

     

  • Sahara Group pledges to support young Nigerian innovators

    Sahara Group has pledged its support for the 30 young Nigerian innovators who emerged from the maiden Aso Villa Demo Day entrepreneurship development project to grow their business ventures.

     

    Executive director of group, Mr. Tonye Cole commended the Nigerian government for the Aso Villa Demo Day (AVDD) initiative, adding that it would boost the Information Communication Technology sector and unleash the creativity of youths in the nation.

     

    The AVDD was designed to discover and celebrate creativity, innovation and entrepreneurship with focus on economic diversification as well as inclusive enterprise by young Nigerians. The event produced 30 start-up innovators whom Sahara Group intends to further enhance their development through ‘Extrapreneurship’, its entrepreneurship platform.

     

    The Sahara Group “Extrapreneurship” framework is an integrated development and management programme designed to grow and sustain entrepreneurial ventures by linking them with strategic partnerships and networks.

     

    In addition to bringing the innovators on board the extrapreneurship platform, the top three winners from the AVDD project will receive financial support from Sahara. They include: Tracology, a patented smart payment systems for utility companies; RecyclePoints, a waste recycling and social benefit venture for sustainable development, and Shuttlers, a multi-staff bus service to assist commuters resolve daily challenges moving around big cities.

     

    “Sahara is indeed proud to be associated with the project which will inspire, challenge and empower young Nigerians to be part of the solutions to socio-economic challenges in their immediate environment. Through Sahara Foundation’s Academic Hub, business development experts and professionals from other disciplines will provide mentorship to the top 30 innovators,” Cole said.

     

    According to Cole, Sahara Group would always support initiatives geared towards investing in a future that guarantees sustained growth and development across the globe.

     

    “If we are going to become sustainable, and move from this generation to the next, we must understand what the next generation is all about. The future is digital and technology. A lot of Nigeria’s problems today can be solved through technical solutions sourced locally from young and creative talents. Sahara will continue to align with governments and organisations that share our passion for providing platforms to help young entrepreneurs succeed,” he noted.

     

    Nigeria’s Vice-President, Prof. Yemi Osinbajo said the AVDD project has created a level playing field and connectivity for everyone to participate in wealth creation across the world.

     

    “It’s a new day. There’s so much hope and so much the young generation is going to do. I am looking forward to working with young Nigerians as part of government to ensure that all our plans, talents and abilities are put to the best possible use. We will support you all the way,” Osinbajo told the young innovators.

     

    Facebook founder, Mark Zuckerberg, who was a one of the special guests at the AVDD, said he was inspired by what ideas the competition has produced.

     

    “I am really blown away by the talent of the entrepreneurs and young developers in this country, particularly the focus to build something that’s going to make a difference and bring change”, Zuckerberg said.