Tag: technology

  • Tackling crime through technology: The Lagos example

    Tackling crime through technology: The Lagos example

    On October 20, 2017, an unfortunate incident occurred on the iconic cable stay 1.346km Lekki-Ikoyi Link Bridge in Lagos when a 40-year-old man simply identified as Adekunle Oluseyi jumped into the lagoon from the bridge in an obvious suicide mission. The man, who is now late, got on the bridge at about 10am on that fateful day and took off his clothes, phone, wristwatch, wallet, band and shoes before jumping into the water. Part of the items in the wallet included Oluseyi’s two Automated Teller Machine (ATM) cards which had no cash inside.

    Many wondered what could have made Oluseyi to decide to end his life but in all of that, one instructive development happened and that was the confirmation by the Lagos Tolling Company (LTC), the operator of the bridge, that the last moment of the deceased was captured by the Close Circuit Television (CCTV) cameras installed on the bridge.

    As a matter of fact, it was when the officials of the LTC realised the development through the CCTV footage that they alerted emergency workers and within minutes, officers of the Lagos State Waterways Authority (LASWA), Lagos State Emergency Management Agency (LASEMA) and the Marine Police emerged on the scene and activated rescue operation. Though the victim was found dead after two days precisely on Sunday morning, the fact however remained that the rescue operation was carried out with state of the art equipment deployed to the scene by LASWA, LASEMA and Marine Police. The Rapid Response Squad (RRS) of the Lagos Police Command was also on ground with personnel and equipment to support with the rescue operation.

    Few days before that unfortunate incident, Umueke Tagbo, the friend of music star, David Adeleke popularly known as Davido, had died in a mysterious and controversial circumstance to the point that the development led to back-and-forth on what actually led to his death.

    But through CCTV footages, the lid was blown open and the Lagos State Police Command was able to confirm that it was through the escort car of Davido that the said Tagbo was brought to the premises of the Lagos General Hospital.

    The Commissioner of Police, Lagos State Command, Mr Imohimi Edgal, while briefing journalists on the investigation had revealed how the CCTV footage confirmed the involvement of some people in the whole saga.

    The CP had said: “I called for a pre-investigation meeting in my conference room. In attendance were all parties including family, friends of the deceased; those of Davido; Caroline Danjuma; the DPO and investigating officers. The meeting confirmed that the deceased Tagbo Umueke on that day met and had drinks with friends at Shisha Bar amongst whom was Davido.

    “The bar tender confirmed the deceased had as much as 40 tons of Tequila and exhibited signs of drunkenness. The CCTV footage also confirmed this. Davido had told the police he had left Shisha Bar for DNA Night Club in Victoria Island without the deceased and was only informed by mutual friends of his death while he was at DNA.

    “However, investigation revealed that Davido’s white Toyota Hilux escort driver, Tunde Usutu, accompanied by one Agbeje Olaoye and one Idris Busari, both Davido’s friends, took the deceased to the General Hospital, Lagos and abandoned him in his vehicle.

    “The CCTV footage at the hospital picked the escort vehicle and the entire activity. The vehicle was recovered from Davido’s residence at 7, Awoshika Street, Lekki Phase 1,” the CP explained.

    Aside the issue of the CCTV, another matter which the episode brought to the fore was the fact that the deceased was exposed to too much of alcohol, and the rate at which youths are now having access to excessive alcohol and even hard drugs was alarming and pose imminent and great danger to the security of the State.

    Speaking recently at the quarterly town hall meeting organised by his administration, Governor Akinwunmi Ambode of Lagos State urged traditional rulers, community leaders and parents to rein in on their children, wards and subjects not to give to drug abuse and other form of crimes, saying that the call even became necessary in view of the fact that the last four months of the year had set in.

    “We are in October and we are going to December, naturally, when it gets to the ember months, somehow traditionally, crime rate goes up but in the last two years, we have been able to reduce crime rate when it is coming to December.

    “I want to appeal to all our traditional rulers and other community leaders; there is a need for us to support the Neighborhood Safety Corps. Also, our volunteers and the people should now be more vigilant and then cooperate with our security agencies to maintain law and order.  I want to reduce the crime rate to the barest minimum and I know that we are going to engage a lot of our youths in end of the year activities to make sure that peace continues to reign in Lagos,” the Governor said.

    Similarly, in a recent meeting with stakeholders in the hospitality industry in the State, the CP (Edgal) specifically told the operators of night clubs, beaches, hotels, bars, lounges, among others that it was now compulsory for them to henceforth put internal security measures in place such as CCTV and other gadgets to discourage drug abuse, drug peddling and other criminal activities in their establishments in the overall best interest of their businesses and security of the State.

    According to the CP, intelligence report indicated that there was increase in drug abuse among youths and minors, and that such was dangerous to efforts of the State Government to promote the night economy of the State.

    He said through the efforts of the State Governor, the police and other security agencies have been hugely funded, aside the fact that there had been many initiatives and programmes geared toward ensuring a 24-hour economy for the State.

    He said despite the successes recorded in recent time, there were grey areas which must be jointly tackled by both police and operators in line with the principle of community policing and security partnership.

    He said: “One of such areas is the issue of drug peddling, drug use and abuse. Intelligence report at my disposal reveals that there is increased drug peddling and drug abuse in most of our night clubs, lounges, beaches and so on across the State. Young men and women freely use narcotic substances at times in the seating areas, at times more hidden in the toilet areas of our clubs, lounges, hotels to the knowledge of the operators but they are doing nothing about it. This is wrong.

     

     

    “The scourge of drugs and its attendant effect not only health wise on the young population but also that sheer fact that there is a very clear correlation between drug and crime is something that should make every responsible Lagosian worried. The ease with which our youths are getting access to drugs at clubs, lounges, beaches and so on is worrisome and our meeting here today is to send a very strong signal to operators that it is not going to be business as usual,” Edgal said.

    The CP said it had also been observed that some hotels in the State now give rooms to minors and also sell alcoholic drinks to them, while under-aged girls were also being allowed to use such establishments for prostitution, saying that such was very criminal and capable of leading to crimes.

    Hear him, “In addition, we also have the issue of criminals hibernating and having save haven in all our beaches, hotels, clubs, lounges these days. The last intelligence report I received indicates that young men now move around these establishments armed. This is very dangerous for the security of the State. We have it on good authority that some of these establishments are used as meeting points to plan crimes before they execute,” Edgal said.

    He said in as much as the police have the capacity to arrest any operator found aiding such, but that he was engaging the stakeholders in line with the principle of community policing and security partnership to tackle the menace frontally, while any operator found culpable would henceforth be arrested, shamed and prosecuted in accordance with the law.

    Going forward, the CP said it was compulsory for operators to now install basic security gadgets such as CCTV cameras and metal box detectors, among others to effectively cover their establishments.

    Also, in an interview, RRS Commander, ACP Olatunji Disu said through the Mobile CCTV vans, helicopters and drones, among other equipment procured for police in the State by Governor Ambode’s administration, many crimes have been unraveled, while others were prevented with critical arrests made.

    For instance, Disu said the decoy team of RRS was able to recover six vehicles in Enugu stolen from Lagos at gunpoint and arrested ten suspects with other suspects coordinating their operation from prison using technology.

    Giving details, Disu said: “The Governor, Mr Akinwunmi Ambode recently bought for us three CCTV vans and they have been put in different locations in Lagos. On about two or three occasions, it has assisted us in picking robbers robbing on the road. We sit in the van and see what is happening in the environment; we look on the roads and see whether there are congestion especially the bus stops; we see things happening and the policemen with them will quickly rush to the crime scene and effect arrest.

    “Not only that, we use the CCTV vans to re-plan our security strategies. Everywhere we place them, we monitor the policemen in the crowd as well if they are doing well or not because at the end of the day, we come back to watch every day’s activities thereby making the men more professional knowing that we are watching them as well. So, they are putting in more effort to catching these suspects we are looking for.”

    Disu said aside preventing crime and effecting arrest, the CCTV vans have also been deployed to accident and riot scenes to assist rescue operation, and also serve as mechanism to review activities of the emergency responders with the view to improving on areas where there are lapses.

    He said: “Every riot scene, we deploy CCTV vans and we are able to catch the mob when they attack the police or when the police officers misbehave, we see it. So, apart from catching thieves, we have been able to use the CCTV vans for various other activities.

    “Like the last accident that happened under the Third Mainland Bridge where a ferry with about 21 passengers fell into the waters; we brought in helicopter moving around, we deployed drones as well to search for the victims on the waters. And again, we have used drone to monitor traffic. We stay far off, the drone goes and discover the bottleneck for us and through that we are able to know where the hold-up is and know where to deploy our men or we find out if the traffic is caused by accident and what is happening on the road.

    “Thieves have been arrested using the CCTV vans; the vans have helped in preventive activities because one or two of them have been able to identify the CCTV vans and because of that, they move far off and that is the preventive aspect of it. They know policemen are monitoring them and the good thing is that they are now seeing almost all our vehicles as CCTV vans so they move away whenever they see us.

    “Recently, we moved out with the CCTV van to Ladipo area of the town this time around, we went as a decoy and we only had the riders with the team. We gave them unusual setting and so they don’t know we were there monitoring. Eventually, we saw this particular vehicle and people on the bike had passed. Through the CCTV, we noticed them, we went after them and then one AK47 riffle was recovered from them. Although, they escaped, but they abandoned the riffle and with that, we were able to prevent them from committing crime which could have led to killing of people or houses and vehicles robbed,” Disu said.

    The police chief advised criminal elements to relocate from Lagos if they are unwilling to stay off crime, as the government was determined to eradicate crime or reduce it to a barest minimum in the State.

    “The message here is that criminals should move out of Lagos. If they are not going to stop criminal activities, they better move out because the Governor of Lagos State and the Commissioner of Police, Lagos State are determined to wipe out crimes in Lagos or bring it down to the barest minimum if it cannot be eradicated completely. For example, for every crime committed in Lagos, we have vowed to unravel it to get anybody behind it. You cannot commit a crime in Lagos and run to other states in Nigeria, we will come after you and that we have demonstrated so many times,” Disu said.

     

    • Joseph, a journalist writes from Ibeju Lekki.

     

  • Transforming food production through technology

    Technology is making farming exciting. It is addressing many challenges of would-be farmers, DANIEL ESSIET reports.

    Technology is opening vast untapped potential for farmers, investors, and entrepreneurs to improve the efficiency of food production and consumption. From farming to promoting efficient food supply chain, technology is bringing major benefits to the sector.

    One organisation bringing change to agriculture is Growsel. This is because it offers opportunity to those looking to get involved in agriculture, an opportunity to invest in food production either as farmers or investors.

    Founded by digital entreprenuer, Mr. Jerry Oche, Growsel provides an online meeting point for investors and farmers to work towards a fruitful harvest, where the investor can get from between 15 and 30 per cent of his investment as profit. The farmers, on the other hand, can now have quick access to funds for their farming projects and get exposed to best global agricultural practices, as the company does not seem to be taking chances with quality and the implementation of standard farming practices.

    According to the company, prospective farmers, who registered at the platform, are  screened to ensure that they meet up with the basic accreditation standards stipulated for every local farmer. Some of these include being a member of their local associations and getting a recommendation from other farmers, as well as the local ruler or chief. After a farmer has been approved and registered on the Growsel platform, insurance professionals from partner insurance companies will assess the farm and the appropriate insurance cover that would cover the risk exposure of the farm, and subsequently issues the farmer a policy. Growsel ensures that best practices are complied with by providing the farmers with improved seeds and seedlings, fertilisers, tractors and other farm inputs that would be needed to make the most of each farm project within a given farming season.

    Also, seeds are sourced from experts at the International Institute of Tropical Agriculture (IITA) and are estimated to produce a certain amount of yield, which should guarantee increased returns for farmers and the investors’ profit. In addition, measures have been put in place to ensure that the investor gets the agreed profit, boasted that the seeds used for cultivation are of an enhanced variety.

    With over 150 farmers currently on the platform, and a pull of investors, Growsel is revolutionising agric business in Nigeria, and is still calling on more investors and farmers to join the process.

    When a farmer requests for funding once his registration is complete, the Growsel’s farm location managers moves out to carry out a proper verification of the farm and the farmer, during which an endorsement of the farmer by other farmers and local chiefs or leaders in the community where the particular farm is located, would be required.

    On the other hand, an intending investor would need to sign up on the platform, after which a welcome email would be sent to him or her. Once signed up, an investor can browse through the site to see which farm projects he/she would be interested in. A certificate, showing ownership of a particular farm project, will be issued to the investor once he/she selects a particular farm project to invest in. Afterwards, investors can monitor activities on their farm projects via their dashboards.

    The most interesting thing about all this is that with as low as 50,000 naira, anyone can be an investor on Growsel, with a guaranteed return on the investment at end of the crop cycle.

    FarmCrowdy is an agric-tech platform, which creates middle class Nigerians with small scale farms in order to boost food production.

    On how it works, partners on the platform can sponsor any farm of their choice including maize, poultry (broiler), cassava and tomato farms. The partners then get bi-weekly updates about their farm progress, including pictures and videos from the farmers. Also, Farm Partners can visit their farms if they wish to at any point in time to learn about the farmer they’ve partnered and the farm products they are working on. The organisation has a website that people can visit to buy off maize, rice, cassava, poultry farms. Investors can sponsor  a farmer  and up take the produce at the end of harvest.

    Chief Executive Officer, FarmCrowdy, Onyeka Akumah, explained that unlike the out grower model that gives input and allows farmers to just go and do all the work, what they  do with the input is that the farmer gets money coming from the sponsors, so the sponsor holds them accountable to make sure that the farmer does the work. On their part, the organisation holds the farmers accountable to make sure they deliver what the off-taker wants, so that they can get harvest at the end of the day that the off-taker will buy, and then they will sell and pay the sponsors back in return for their money.

    According to him, his organisation is partnering International Institute of Tropical Agriculture (IITA) and others to train farmers to farm while and improve yields.

    Right now, the organisation is handing sponsorship, which is the investment that goes into the farm and the production. The other area they are getting involved in is the logistics of moving the produce to the off-takers and the marketing of the value chain to off-takers.  FarmCrowdy was launched in September last year. The company has attracted over 1000 farmers already.

    Akumah said the organisation has acquired   500 hectares of maize farm in Jos, 280 hectares of rice farms in Edo State, Saboginda-Ora, among other investments.

    Another technology is Cellulant  that worked with the Federal Government to launch an e-wallet programme to aid  farmers directly redeem government subsidised seed and fertiliser vouchers from retail shops and in effect double their income.

    While Cellulant is “transforming” itself to a mobile payment company, Agrikore its agric-focused arm, monitors the implementation of agricultural schemes where every farmer can access financial services, productivity enhancing technologies & best practices, access to markets for inputs and access to output markets, all enabled via the mobile phone.

    Co-Founder of Cellulant Corporation, Mr. Bolaji Akinboro, said the technology, which originated from  Nigeria, is the gift of Cellulant to humanity. According to him, the  technology gives small holder farmers access to agricultural inputs of improved varieties/breeds, fertiliser, and agro-chemicals, making it the backbone of increased productivity and profitability of value-added chains.

    After the success they  recorded in Nigeria, Akinboro  said the Afghanistan government gave Cellulant  to introduce the e-wallet system to  its small holder farmers.

    According to him, the  e-wallet system provides a holistic system to link the farmers to agricultural inputs supply chain, finance and markets through integration with mobile network operators, input markets, extensions services, financial service providers, commodity market, and insurance service providers.”

    Since its launch in 2011, Cellulant’s E-wallet has facilitated the distribution of over $1 billion in fertiliser subsidies to farmers under the Growth Enhancement and Support (GES) programme, a component of the Agricultural Transformation Agenda (ATA) of the Federal Government of Nigeria.

    “Over and over again we have seen Africans, through various innovations, prove that the impossible is made possible when the needs of the consumers are at the centre of the solutions provided. GES is certainly a testimony to this. Delivery of a programme of this scale and at this speed is a first for Nigeria considering that the entire agro-dealer network had to be rebuilt from the scratch,”said Akinboro.

  • Stockbrokers push for innovative finance, technology to boost economy

    Stockbrokers have identified innovative financial services and products and technology-driven processes as major enablers for the development of the Nigerian capital market and the economy.

    Stockbrokers have thus resolved to bring the issues of rapid changes in technology  and product innovation into the mainstream of national discourse as the Chartered Institute of Stockbrokers (CIS) begins preparations to mark its Silver Jubilee.

    Stockbrokers have also endorsed privatization of moribund enterprises as a way of boosting their efficiency and attracting private sector participation .

    At a media briefing on the annual conference of stockbrokers scheduled for November 16th and 17th, 2017, Chairman, Annual Conference Committee, Mrs Lilian Olubi said that the conference had been packaged to help deepen the market and expand the professional knowledge of the dealing members.

    According to her, as one of the most prestigious professional bodies in the Nigerian financial industry, stockbrokers have, again, sought to elevate the all-important debate of financial market development at their conference with the aim of charting a course forward on policy alternatives.

    “This is reflected in our theme for this year’s edition titled, “Adapting to Dynamic Changes in the Financial Market”. Our choice of this year’s theme was informed by the marked rapid pace of innovations in the economy and capital markets, which require operators – both dealing members and the investing public, to keep abreast of these developments in order to make informed choices,” Olubi said.

    She noted that as businesses seek for alternative ways to raise capital and investors look to further diversify their portfolios from traditional assets, it has become imperative to encourage innovation of financial products.

    She added that the stockbrokers’ conference would be discussing options and strategies for deepening of our local market through introduction of new products’ such as derivatives, commodities, sukuk and alternative assets.

    “Introduction of new products will help deepen the market and expand professional knowledge on diverse investments products, thus encouraging more foreign investors’ participation whilst also developing our finance professionals. Also, advancement of technology in finance profession has become imperative in improving investors’ experience and supporting efficiency drive of stockbrokers,” Olubi said.

    Corroborating her, the CIS’ First Vice President, Mr Tunde Amolegbe assured participants that top government functionaries would participate in the conference.

    Responding to a question, a member of the Organizing Committee, Mr Akeem Oyewale explained that Nigeria’s economy was ripe for trading in derivatives.

    According to him, Nigeria is a large market which largely depends on mono product pointing out that the economy needed to invest in capacity building in order to cope with the challenges of the global economy.

    Another member of the Organising Committee, Mohammed Garuba advised the investors to take advantage of Investment opportunities in the Capital Market in order to enhance their Returns On Investment (ROI)

    Speaking further, Olubi stated that the Nigerian capital market had a lot of potentials for deepening in terms of investment products and private sector participation.

    “Privatisation of public entities which helps to improve their efficiency, will also aid the objective of boosting private sector participation in the capital markets through primary market issuances for debt and equity securities.  Upon highlighting these various topics, it becomes imperative to discuss them extensively to ensure continual development of the Nigerian Capital Market. We have a cream of notable speakers to do justice to the topics,” Olubi said.

  • Impact of kids’ early exposure to technology

    Impact of kids’ early exposure to technology

    Technology is a moving train that has impacted every facet of human society. Experts say three critical factors for healthy physical and psychological child development are movement, touch and connection to other humans which the advent of technology has snapped. They averred that kids require about four hours daily of active rough and tumble play to achieve adequate sensory stimulation to their vestibular, proprioceptive and tactile systems for normal development. LUCAS AJANAKU reports, however, that guided access to technology for kids could make a difference.

    New and emerging technologies have always been associated with the younger generations. Older people tend to be set in their ways, leaving tech-savvy millennials in the forefront of discovering and embracing new devices as they arrive on the scene. Younger people learn more quickly and that goes for technology in the same way it goes for everything else.

    Writing on: The Impact of Technology on Child Sensory and Motor Development, an occupational therapist, Cris Rowan, said technology’s impact on the 21st century family is fracturing its very foundation and causing a disintegration of core values that used to hold families together.

    Juggling work, home and community lives, parents now rely heavily on information communications technology (ICT) and transportation technolaqogy to make their lives faster and more efficient.

    Entertainment technology (TV, internet, video games, iPods) has advanced so rapidly that families have scarcely noticed the significant impact and changes to their family structure and lifestyles.

    She said elementary aged children use, on average, eight hours per day of entertainment technology, and 65 per cent of these children, have TVs in their bedroom, with 50per cent of North American homes have the Tv on all day. “Add emails, cell phones, internet surfing, and chat lines, and we begin to see the pervasive aspects of technology on our home lives and family milieu,” she wrote.

    She argued that children’s developing sensory and motor systems have not evolved biologically to accommodate the sedentary, yet frenzied and chaotic nature of today’s technology.

    Rapidly advancing technology has contributed to an increase of physical, psychological and behavior disorders that the health and education systems are just beginning to detect, much less understand.

    An urgent closer look at the critical factors for meeting developmental milestones, and the subsequent impact of technology on those factors, would assist parents, teachers and health professionals to better understand the complexities of this issue and to help create effective strategies to reduce technology use

    But the Research and Development (R&D) Unit of Yudala, Nigeria’s fastest growing online and offline e-commerce outfit, said its recent studies show that active or interactive technology and screen time can actually help develop and improve kid’s learning, when used appropriately.

    After a review of the Kids Legacy Tab, a new product designed by Nigeria’s foremost technology company, Zinox Technologies Ltd., the Research and Development Unit of Yudala, arrived at some ways children can benefit from early exposure to modern technology.

    The researchers believe the development of mathematics skills is very important as they say younger children are more interested in the short-term goals of games, which are essential in problem solving. Logic games, obstacle courses and other applications on tech devices go a long way to help build child’s basic mathematic skills by imbuing them with the capacity for quantitative reasoning. For parents, this is very important as the phobia or apathy often expressed by most people for mathematics is often a result of wrong or late to exposure to its usefulness in the analysis and interpretation of real-world quantitative information.

    The team also found that improvement in language skills is achieved through early exposure to technology. Designed as a critical foundational tool for kids between ages three and 13, the Kids Legacy Tab ranks as one of the most fitting gadgets to introduce kids to technology in learning the English language.

    It addresses issue such as pronunciation. There are many such applications and games to help boost their vocabulary and teach them to look for word meanings when they come across an unfamiliar word.

    Exposure to games and other relevant applications on tech devices can help raise a generation of more visually attentive kids. This is because a significant amount of attention to detail is required on the part of kids when exposed to visually-stimulating contents on tablets and other entry-level gadgets. A device, such as the Kids Legacy Tab, which comes pre-loaded with over 50 educational and fun games can help build the requisite attention to detail and capacity for visual attention in children.

    The researchers say it early exposure of kids to technology promotes emotional intelligence. They say these are buzzwords that are becoming increasingly relevant in the contemporary work-place. Most organisations today prioritise the capacity to be aware of, control, and express one’s emotions and to handle interpersonal relationships judiciously and empathetically. This quality can be developed in the child right from an early age through exposure to technology. There are numerous emotional intelligence apps pre-loaded on tablets which teach kids what emotions are, how they work, and how to use them and manage them for social interaction and learning. Among other things, these applications teach a child how to recognise other people’s emotions, to discriminate among the different feelings, and to label them appropriately. Armed with this insight, the child can learn from an early age how to refrain from emotional outbursts and undisciplined loss of self-control, thus leading to a well-rounded personality.

    Exposing kids to technology could help build discipline and self-motivation, two qualities that are ultimately crucial to the child’s future development. A lot of games and activities on tech devices such as the Kids Legacy Tab often require the user to complete a task in order to progress to another level. To complete the entire course requires a huge dose of mental discipline and personal resolve. As a result, exposure to these learning apps inadvertently challenges a child and pushes him/her to strive to go the extra lengths in order to enjoy the thrill and satisfaction that comes from achieving. The child, therefore, develops a disciplined mindset that sees challenges as surmountable as long as he/she keeps trying to overcome them. This is effortlessly transferred to real-life situations.

    The researchers also believe exposing kids to technology spurs the development of new talents. This is because technology can help unearth hitherto-hidden skills and talents in the child. From being exposed to playing certain musical instruments or skills such as painting on the screen of a tablet, for instance, the child can develop keen interest which may see him/her becoming proficient at these activities. With the aid of technology which bridges the gap, parents may not even have to pay the hefty fees of enrolling the child in a physical music or painting class to learn. There are loads of apps that the child can take advantage of to learn and become the next Mozart or Leonardo da Vinci. Early exposure to technology has the potential to unlock amazing new interests in the child which coupled with the natural curiosity in kids, can transform them into a whiz-kid.

    The researchers however say caution in vital in all these. It is important to mention that parental supervision is key. A child should not be given a tablet without supervision. Handing over a tech device to your child requires a great level of responsibility so, as a parent, be sure to trust your instinct. However, the fact is allowing children have access to tech devices can benefit them in many ways.

    “As a parent, you may understandably be nervous at first, but there are some real, tangible benefits from exposing your child to tech devices such as tablets. Most experts recommend not more than a half hour of screen time per sitting for a child. This is bearing in mind that tablets may be addictive for children because it allows quick, instant access to everything in the real world. As long as parents do their best to monitor, protect, and prepare their children and usage doesn’t get out of hand, technology exposure can provide great opportunities for children to grow and develop that you may not have anticipated,” the researchers said.

    Rowan said though the benefits of advanced technology in today’s world are immense, connection to devices may have resulted in disconnection from what society should value most.

    “Rather than providing children with more video games, TVs in the car, and the latest iPods and cell phone devices, creating a deep and widening chasm between parent and child, let’s resolve to do more hugging, playing, rough housing, and conversing with our children,” she wrote.

     

     

  • How Nigeria can increase growth with technology

    How Nigeria can increase growth with technology

    The eleventh Enterprise Development Centre (EDC) annual Small and Medium Entreprises (SMEs) Conference, which held at the Pan Atlantic University, Lekki-Epe Expressway, Ajah, Lagos,   highlighted  how small businesses  could  use technologies to do business in Nigeria.

    The conference brought together alumni, stakeholders and other small and growing business owners. Key speakers agreed that bringing small and medium enterprises (SMEs) up to speed with technology, digital revolution and modern skills, is not just improving their profits, but creating growth and jobs.

    They pointed out that in the digital age, no business can thrive without better use of ICT, emphasising that SMEs grow faster when they embrace technology.

    According to the speakers, technology is driving economic growth and the pace of change has accelerated. According to them, SMEs with an unprecedented range of options, have helped to drive growth, while staying resilient and responsive to customers’ demands.

    One of speakers and founder of Research Vault Services, Alex Iheanacho, urged SMEs to explore technologies to help them achieve economic growth and consequent job creation.

    According to him, technologies were huge drivers in helping companies achieve their goals.

    He said: “Technology is taking business higher, the thing to focus on is new ideas that help  to create a community technology pool.“   Adding:“In Nigeria you need innovation daily, customer-led innovation to improve services, manage staff better, manage cash flow, costs and  do best things. The world is driven by the best innovation, you have to think about improving the things around you. You have to embrace new  things, if you can’t connect with people, you can’t do a business. You need quality and content.“

    He urged SMEs to keep abreast with technology evolution underway, and incorporate innovation as  core component of their businesses. He called on more firms to focus on strenghtening research, technological development and innovation to enhance competitiveness.

    Chief Revenue Officer,   Dragnet Solutions Limited, Baba Ikazoboh said:”Technology is  enabling SMEs to build communities. The ideal business model has been  one  where you can  use a new idea to create a community  and make your money through  such  communities.“

    He added: “Small guys can actually do big things right now, drive customers led innovation. Best talents are attracted to  innovating organisations. If you are going to create  and package products that  customers can  buy,  you need good quality people.”

    Professor of Strategic Management, Lagos Business School, Pan-Atlantic University, Chris Ogbechie, stressed the need for SMEs to keep  records. According to him, one of the main reasons for early business failure is poor business record keeping.  He explained that inadequate records, leave an entrepreneur unable to monitor the business, therefore, limiting his/her ability to detect and resolve problems early.

    As SME business owners, he stressed the need for them  to keep track of sales, as well as other vital business records.

    Co-founder, Elab, Mr Olawale Ajiboye, stressed that design thinking is the way forward to skyrocket  the entrepreneurship ecosystem.  He advised businesses to adopt  more risk-taking in their business  approaches.

    Export and Business Development Manager, United States Agency for International Development (USAID)’s Nigeria Expanded Trade and Transport programme (NEXTT), Mr Bob Ezuma, said the global market offers opportunities for SMEs to enter the export market, but  advised new entrants and existing businesses  to do thorough preparations to prevent rejection and other  negative outcomes.

    Director, Enterprise Development Centre, Mr. Peter Bamkole, underscored the importance of a strong SME sector for boosting growth, competitiveness, creating jobs, and enabling people to increase their incomes.

    For small and medium scale enterprises to grow and expand, Founder, Dragon Africa, Obi Asika noted that the goal should be meeting the needs of their customers and offering better quality and service than their competitors. Asika urged  SMEs to create value for their customers.

    Social Innovation consultant, Wale Ajiboye, stressed the need for SMEs to have an online presence. He advised entrepreneurs to use various media to get people to be aware of their services and products.

  • 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.

  • 2017 Technology Power list

    2017 Technology Power list

    There are powerful young persons under the age of 40 who are getting things done in the brave new world of technology. From serial investors chasing the next big wave to developers and communication leaders.

    These people are breaking all the boundaries, let’s look at 10 of them.

    1. Iyinoluwa Aboyeji

     Iyinoluwa Aboyeji

    The founder of the payments startup, Flutterwave may be the most influential person working in technology at the moment. A serial entrepreneur, Aboyeji has been part of initiatives like Bookneto and Fora, before hitting big with Andela, a Zuckerberg-certified global talent accelerator that trains young intelligent Africans to be world-class developers. Aboyeji moved on to float Flutterwave, a fintech company that recently raised funding over $10 million in a Series A funding.

    2. Ire Aderinokun

    Ire Aderinokun
    Courtesy: Ynaija

     

    A Frontend developer and user interface designer, Aderinokun who holds degrees in Psychology and Law, is the first female Google development expert in Nigeria. Because of this distinction, Aderinokun has been able to travel the world, sharing her work experiences. Former technical lead at Big Cabal media, Aderinokun runs bitsofcode, a blog dedicated to submissions on technology and front-end development. She presently works as a software developer at eyeo.

     

     

    3. Sola Akinlade and Ezra Olubi

    Paystack Founders

    Online payment trends in Nigeria have been less than impressive, to say the least. Akinlade and Olubi’s Paystack is a promising payment solution that is set on challenging Interswitch’s chokehold on the market. Paystack tries to deliver a safe, modern payment experience for customers and merchants in Africa. Paystack is enlisted into Y Combinator, a major Silicon Valley startup accelerator and has enjoyed seed funding of $120,000.

    4. Olaoluwa Awojoodu

    Head of Electronic Settlement Limited
    Courtesy: Techpoint.ng

    A rejection slip from Paypal was the prompter that led Olaoluwa Awojoodu to consider operating his own online financial solutions company. The result of this determination is Electronic Settlement Limited, a financial solutions entity, present in Nigeria and Ghana that delivers payment infrastructure services through a host of companies, CashEnvoy, Paypad and Paycenter, to a wide variety of industries ranging from MSMEs and banks, to governments and multinationals.

     

    5. Olamide BadaOlamide Bada; Jumia food head

    After moving back to Nigeria, Olamide Bada project managed Jumia’s Black Friday event and worked as an operational development manager before she was tapped to run Jumia Food. This position puts her in the difficult position of managing an expanding team that includes a fleet of 100+ delivery riders across Lagos, Abuja and Port Harcourt. Bada sets the strategic direction of the business across all functions including sales, operations and marketing.

     

     

     

    6. Roseline IloriRoseline Ilori

    With degrees from Obafemi Awolowo University, plus a decade experience in IT, Information Systems, Telecommunications and Mobile Communication, Roseline Ilori is the chief executive of MTech Communications. A business strategist and growth catalyst, Roseline acts as EMEA board director for the Mobile Ecosystem Forum (MEF), the global trade body that acts as an impartial and authoritative champion for addressing issues affecting the broadening mobile ecosystem.

     

     

    7. Fikayo OgundipeFikayo Ogundipe

    Finding a house in Lagos can be tough. Dealing with landlords, agents and shady middlemen can be overwhelming. Fisayo Ogundipe’s ToLet which he founded with three of his University classmates is here to make the process a lot smoother. And it is all online. As CEO, Ogundipe has guided the company to raise $240,000 seed funding from Jason Njoku’s Spark and a further $1.2m in a Series A funding round led by the Malaysia-based Frontier Digital Ventures.

     

     

     

     

     

    8. Oluyomi Ojo

    Oluyomi Ojo; Head of Printivo

    Oluyomi Ojo is one-third of the trio that founded Printivo, an exciting company that leverages cutting edge technology tools to make the printing process more fun and less cumbersome for individuals and corporates alike. Since inception, Printivo has received grants from the federal government’s YouWin programme, as well as Etisalat’s Innovation Award and early-stage technology venture capital firm, EchoVC Partners.

    9. Damilola Solesi

    Damilola Solesi

    Inspired by the Toy Story film, Damilola Solesi took her passion for animation into a business enterprise, setting up the SMIDS animation studios, a company that creates 3D computer animation, content production, motion graphics and visual effects. A Mandela Washington Fellow, Solesi co-founded Women R.I.S.E, a platform that inspires women to pursue interests in technology through collaboration, networking, training, mentorship, and funding opportunities.

     

    10. Bosun Tijani

    Bosun Tijani

    Would there be a vibrant tech culture in Nigeria without the Co-Creation Hub? Perhaps, but none can deny the overall influence that CcHUB continues to wield from its Yaba location. Started by Bosun Tijani and Femi Longe, Co-Creation hub remains the biggest and most influential ideas hub in the country. From BudgIT to the Relearn centre in Abuja, some of the finest and most influential IT projects in Nigeria have been conceived or developed at the hub.

  • Lifting profitability with technology, quality service

    Lifting profitability with technology, quality service

    The deployment of improved technology by the new management at FirstBank has led to quality service delivery and enhanced profitability. The coming of mVisa, introduction of new features for the FirstMobile Application meant to boost financial inclusion and the convenience that comes with digital banking are putting the lender ahead of competition. FBN Holdings Plc posted gross earnings of N581.8 billion for the full year ended December 31, 2016 audited results. It also reported N288.8 billion gross earnings in its unaudited half-year results for the period ended June 30 this year. These results, stakeholders say, represent new positive thinking at FirstBank, writes COLLINS NWEZE.

    There are three things a forward-looking bank cannot ignore. First is the power of technology. The second is innovative product development while the third is quality customer services. FirstBank of Nigeria Limited (FirstBank) has given priority to the trio.

    The bank has not only deepened its commitment to technology and quality services, but has also provided new products and services that give its customers value for their money. Fortunately, these investments are paying off speedily as seen in its rising profitability.

    FBN Holdings Plc posted combined N870.6 billion gross earnings in 30 months. It recorded gross earnings of N581.8 billion for the full year ended December 31, 2016 and N288 billion for the half-year ended June 30, this year. These results are pointers that its customers, investors and other stakeholders should be confident of better years ahead.

    The bank said its new product development and deployment of efficient technology helped it to achieve these milestones. For the full year, the FBN Holdings Plc net interest income stood at N304.4 billion, up 14.8 per cent from N265.2 billion while non-interest income of N165.5 billion, up 68.9 from N97.9 billion in the previous year’s figures.

    Also, operating income was at N469.9 billion, up 29.4 per cent year-on-year from N363.1 billion while impairment charge for credit losses was at N226 billion as against N118.8 billion in 2015. Operating expenses as at N220.9 billion, down 0.8 per cent compared to N222.7 billion in 2015 while profit before tax of N22.9 billion, up 6.3 per cent as against N21.6 billion in 2015. The firm’s profit after tax stood at N17.1 billion, up 10.3 per cent when compared to N15.5 billion in 2015.

    For the half-year, FBN Holdings posted N288.8 billion gross earnings in its unaudited half-year results for the period ended June 30, this year. The gross earnings represent 7.8 per cent year-on-year rise as against N267.9 billion recorded same period of last year. The bank’s net-interest income of N164.1 billion was up 30.2 per cent year-on-year against N126.1 billion same period of last year.

    The bank’s profit before tax stood at N35.6 billion, down 22.4 per cent year-on-year as against N45.9 billion same period of last year while profit after tax was at N29.5 billion, down 17.8 per cent when compared with N35.9 billion recorded same period of last year.

    The Group Managing Director, FBN Holdings, Urum Eke, said: “FBNHoldings has again demonstrated its strong revenue generating capacity in the current economic environment reporting gross earnings of N288.8 billion – up 7.8 per cent year-on-year.”

    FirstBank Managing Director/CEO, Adesola Adeduntan, said: “The Commercial Banking group proved its overall earning capacity with a 6.9 per cent year-on-year increase in gross earnings to N260.9 billion mainly driven by our core business operations with stronger margins”.

    “At the same time, we intensified our credit resolution efforts resulting in the improvement of the asset quality position with the reduction in non-performing loans 25.7 per cent in the last quarter to 21.8 per cent at the Commercial Banking group. We are optimistic about further improvement in asset quality and the general quality of the loan book. In the next half of the year, we will be driving enhanced revenue generation, efficiencies and profitability towards an overall improved performance, while remaining focused on sustaining the portfolio management efforts.”

    The Deputy Managing Director, First Bank of Nigeria Ltd, Gbenga Shobo has disclosed that one potentially effective way to accelerate financial inclusion and deliver a broader set of benefits is payments digitisation.

    New Management, better results

    As part of the ongoing transformation initiatives, a key priority was capital allocation with focus on balance sheet optimisation and increasing the level of earnings retention to boost capital position and drive growth.

    To support this repositioning for growth, strategic appointments were made last year, and for the first time in the history of the bank, a Deputy Managing Director (DMD) was appointed, tasked with taking significant weight off the CEO. He is also expected to provide leadership support and oversee the bank’s retail businesses including the sustainable growth of Small and Medium Enterprises.

    The bank also appointed an executive to oversee its International Banking Group, reflecting its resolve to grow the profitability of these subsidiaries in Sub-Saharan Africa, China and the UK and further unlock subsidiary returns and sweat out the investments in those markets.

    The new focus and approach to a technology-driven institution as a key to driving business is in line with the appointment of a Chief Information Officer (CIO) to oversee and drive the development of a full digital and transaction banking offering, through the digitising of the bank’s customer offerings by automating key processes. The bank is also strengthening technology infrastructure to drive efficiency across all business areas.

    Given the challenging macro environment, decline in oil prices, foreign exchange illiquidity and the resultant effect on loan portfolio, it has become even more imperative to consistently strengthen controls and processes to optimise capital and improve the quality of risk assets.

    In line with this, a new Chief Risk Officer (CRO) was appointed by the bank with a mandate to expand due diligence on risk assets, enhance profitable transactions and reinstitute a more conscious risk environment and framework.

    The bank also appointed a new Chief Financial Officer (CFO) with oversight responsibility for procurement and a mandate to leverage the lender’s liquidity position by generating a recovery in asset creation, diversifying funding sources, optimising capital and the balance sheet, and raising financial reporting to world class levels.

    “The 13-member leadership team is a combination of executives externally sourced from the pool of the industry best and homegrown talents that have been prepared and groomed for leadership roles. The philosophy of the new Management is to drive improved business performance through efficiency, revenue growth and improve risk governance as highlighted with a self-imposed reduced operating obligor limit indicating a curbed risk appetite,” the bank said.

    From the launch of refreshed website, mVisa,  introduction of new features for the FirstMobile Application to driving financial inclusion and convenience with USSD*894# Quick Banking, FirstBank is making strategic moves to stay profitable and deliver on its commitment to quality service delivery.

    The bank announced the launch of its refreshed and user-friendly website. The new website is adaptive and responsive and has a multi-real estate billboard homepage with one-click access to information.

    The website is feature rich with mortgage and loan calculators, a currency converter and a Google maps integrated branch locator. Built for the digital age, it is easy to access and navigate for the average multi-screen user.

    FirstBank’s Group Head, Marketing and Corporate Communications, Folake Ani-Mumuney, said visitors could expect to find any information they seek on the website in three simple clicks. Its mobile-enabled features make it perfect for the always on-the-move generation. The new website is considered a unique evolution for the lender in terms of information and interactive services available for customers, investors, shareholders and the global community, she added.

    FirstBank has also implemented new and exciting features on its mobile banking application – FirstMobile to enhance security and customers’ digital banking experience. The new features are the Card-in-Control functionality, the Quick Response (QR) Code, the Transaction receipt and Save beneficiary functions.

    The Card-in-Control functionality on the FirstMobile App empowers customers to be in control of their accounts and prevent unauthorized usage of cards. The service allows customers to determine channels (Automated Teller Machine, Point of Sale and Online) and countries, where their cards can be used. Customers are to go to the Card Management Service, under the ‘self- service’ menu on FirstMobile to disable or enable any of the features.

    The Quick Response (QR) payment solution on FirstMobile App allows customers to pay for goods and services by using their phone cameras to scan QR codes at merchant locations or uploading a QR code on a smart phone via the FirstMobile App. Payment goes straight from the customer’s FirstBank account into the merchant’s account and provides real-time notification to both parties.

    The transaction receipt feature enables customers generate receipt after a transaction on the FirstMobile App. This overrides any concerns around the confirmation of transactions as receipts can either be saved to the mobile phone gallery for future reference or shared directly with recipients of each transaction via email, WhatsApp, etc.

    Also incorporated into the FirstMobile App is the ‘Save Beneficiary’ feature, where customers can save beneficiary details for later transactions. This eliminates the arduous task of searching and importing beneficiaries’ details for every transaction. Now, this is convenient and FirstBank has continued to leverage evolving technology in providing cutting-edge banking services to its customers.

    First Bank of Nigeria Limited has also partnered with Visa to launch the Mobile Payments Solution – mVisa. This mobile solution allows customers pay for goods and services by scanning a QR code using a smart phone via the FirstMobile App. Payment goes straight from the consumer’s FirstBank account into the merchant’s account and provides real-time notification to both parties.

    mVisa is available on the FirstBank’s mobile banking application – FirstMobile – and it adds to the seamless multiple payment channels FirstBank customers enjoy. Customers with the FirstMobile app can make payments from their FirstBank accounts at merchants’ locations where mVisa logo is displayed.

    The bank’s Group Head, E-Business, First Bank of Nigeria Limited, Chuma Ezirim, said the lender would continue to put customers first by leading the industry in the use of technology to provide convenient and fast banking solutions.

    He said the bank’s partnership with Visa to deliver mVisa was part of the FirstBank’s strategy to deliver reliable, secure and convenient payment options to its esteemed customers.

  • University Don Proffers Solution to Unemployment

    University Don Proffers Solution to Unemployment

    The need to strengthen Technology, vocational education and training has been proffered as the solution to the increasing rate of unemployment in the nation.

    Professor Abdullahi Shehu Ma’aji of the Department of Industrial and Technology Education of the Federal University of Technology, Minna made this assertion Saturday during the 52 Inaugural lecture of the university.

    According to him, technology, vocational education and training is the acquisition of the practical skills to be engaged in a certain occupation which would become a potential solution in overcomingthe increasing unemployment rate in the nations.

    Ma’aji attributed that the main reason for the high rate of unemployment in the country is due to the mismatch in the educational system pointing out that there is a need to restructure the education system to include technical and vocational training.

    He posited that Technology and Vocational training are positioned to train entrepreneurial labour force that is needed in Nigeria to generate wealth and come out of poverty stating that the youths, poor, vulnerable, less academically brilliant and school dropouts can benefit from technology, Vocational Education training.

    The University Don then recommended the assessment of existing training, vocational education system in the country in order to effectively link the TVE strategy to other national policies in the area of training, empowerment and socio-economic development.

    He then called on the government to make efforts to train new technical teachers, retain the existing ones, empower TVET trainings to manufacture their own training tools and equipment.

     

  • Don  makes case for new uninalysis technology

    Don makes case for new uninalysis technology

    Medical practitioners have been urged to adopt the new technology for urinalysis.

    Nigerian Institute of Medical Research (NIRM) Director-General, Prof. Babatunde Salako, made the call during the launch of the United Nations Series-the modular way of urinalysis at the National Sickle Cell Centre, Idi Araba, Lagos.

    The event had as theme Bridging the gap between patient care and quality diagnosis using medical technology in the laboratory.

    Salako, who was the keynote speaker, said embracing the urinalysis would reduce errors and improve accuracy.

    “You now have at your disposal a calibrated automated machine that can carry out urinalysis that would drastically reduce human error, Salako, said.

    “These machines are capable of taking care of virtually everything concerned with urinary test and on the long run; the laboratory technicians would see other numerous uses of the machine.”

    He added that the UN-series–Modula way of urinalysis is automated.

    On how to rule out any error in the machine, Salako said: “There is the need to be certain that the range of normal that has been made for the machine by manufacturers also applies to us in Nigeria, so that the machine will not say what is normal for other countries is too high or low for us.

    “We need to be sure that the range is accurate because they are being calibrated based on the country where it is produced,” he added.

    Also, Managing Director, Gem Investment Limited, Chief Damian Onyekachi, said the UN-series style of carrying out urinalysis came at the right time.

    ‘’They have been using it in Europe and I believe that if we are able to establish that in Nigeria it would go a long way to help our nurses to improve patient care as well.

    “We are still working it out because this is just a launch, but by the time we get to the table, we will work on what should be and what should not be in each category. So, if you have a smaller laboratory, you go for a smaller one, if it is a teaching hospital you go for the big one that would handle like hundred tests per day.”